P R I N C E S S P R I V A T E E Q U I T Y H O L D I N G L I M I T E D

M o n t h l y r e p o r t a s o f 3 1 A u g u s t 2 0 2 2

NAV increases by 0.3% in August

  • Princess Private Equity Holding Limited's ("Princess" or the "Company") net asset value increased by 0.3% to EUR 14.13 per share
  • Portfolio developments were positive (+0.7%) and currency movements were negative (-0.5%)
  • Princess invested EUR 17.7 million and received distributions of EUR 29.0 million

In August, Princess invested a total of EUR 17.7 million, of which EUR 9.5 million was invested in VelocityEHS, a leading environmental, health, and safety ("EHS") and environmental, social and governance ("ESG") software platform based in the US. Partners Group acquired a significant minority stake in the company. Founded in 1996 and headquartered in Chicago, VelocityEHS is a Software-as-a-Service ("SaaS") platform offering products that help customers comply with a wide range of EHS laws and regulations, manage and reduce risk, and improve operational efficiency. VelocityEHS offers EHS software solutions that help customers across various use cases, including ESG management, Environmental Compliance, Safety, Ergonomics, Control of Work, Operational Risk, and Health. The company has over 18,000 customers, with a focus on serving the manufacturing, food & beverage, pharmaceuticals, and chemicals sectors. The EHS/ESG software market is benefitting from strong thematic trends such as growing pressure on companies to decarbonize and disclose environmental sustainability in- formation, as well as an increasingly complex regulatory environment.

EUR 2.0 million was deployed as additional capital to Emeria (formerly known as Foncia), largely to support its acquisition of FirstPort, a UK residential property services company. FirstPort manages approximately 315,000 individual residential properties across 5,600 developments, up from 196,000 homes across 3,900 developments in 2019. Looking forward, FirstPort's existing management team remains focused on continuing to deliver exceptional customer service and further progressing the expansion of the com- pany's service offering.

Key figures

In EUR

31.07.2022

31.08.2022

NAV per share

14.08

14.13

Share price

11.30

11.15

Discount to NAV

-19.8%

-21.1%

Portfolio (in million)

1'047.53

1'047.90

Net current assets (in million)

-73.63

-71.04

Net asset value (in million)

973.90

976.86

Unfunded commitments (in million)

106.83

103.23

Undrawn credit facility (in million)

49.50

32.31

Dividend LTM

0.72

0.72

Dividend yield

6.3%

6.4%

Key figures in GBP

In GBP

31.07.2022

31.08.2022

NAV per share

11.80

12.20

Share price

9.54

9.65

NAV performance (total return)

400

50%

300

25%

200

100

0%

0

-25%

02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22

  • Princess ■ MSCI World TR ■ Performance (RHS)

Princess received distributions of EUR 29.0 million during the month, of which EUR 25.4 million stemmed from an additional redemption from its investment in senior loans for liquidity management purposes. Following this transaction, Princess holds at the end of the month EUR 49.5 million of its investment portfolio in senior loans. EUR 3.2 million was received from the Company's direct investments. The remaining balance of EUR 0.4 million was received from Princess' mature legacy fund portfolio and private debt investments.

Total return in EUR (%)

YTD

1 year

3 years

5 years

Princess NAV

-5.0

-4.4

37.7

65.9

Princess share price

-20.6

-8.6

32.8

46.5

MSCI World TR

-7.0

-0.3

41.0

72.5

Largest ten direct investments

% of NAV

1.

SRS Distribution, Inc.

NAM

Industrials

5.5

2.

KinderCare Education

NAM

Consumer

4.7

discretionary

3.

Emeria

WEU

Real Estate

4.4

4.

PCI Pharma Services

NAM

Healthcare

4.3

5.

Vishal Mega Mart

APC

Consumer

3.9

discretionary

6.

United States Infrastructure Corporation

NAM

Industrials

3.7

7.

Ammega (Megadyne - Ammeraal Beltech)

WEU

Industrials

3.7

8.

EyeCare Partners

NAM

Healthcare

3.3

9.

Techem Metering GmbH

WEU

Industrials

3.3

10.

Fermaca

ROW

Energy

3.0

Monthly NAV performance (total return)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Year

2017

1.0%

2.1%

2.7%

1.1%

0.0%

1.6%

-0.4%

-0.2%

1.8%

0.4%

-0.5%

1.1%

11.2%

2018

0.2%

1.0%

0.7%

0.8%

0.2%

2.7%

1.1%

0.2%

2.1%

-0.6%

-0.2%

-1.6%

6.8%

2019

0.7%

1.8%

3.0%

0.6%

0.8%

2.3%

0.4%

-0.2%

4.2%

-0.4%

0.5%

5.7%

21.1%

2020

0.2%

-1.0%

-14.1%

5.6%

3.0%

2.9%

2.3%

3.1%

3.8%

-0.8%

3.1%

3.1%

10.0%

2021

0.1%

0.9%

7.3%

1.5%

1.2%

4.8%

0.6%

1.1%

0.9%

0.8%

-0.4%

-0.8%

19.4%

2022

-0.8%

-0.8%

1.7%

-0.6%

-1.3%

-5.8%

2.3%

0.3%

-5.0%

P R I N C E S S P R I V A T E E Q U I T Y H O L D I N G L I M I T E D

M o n t h l y r e p o r t a s o f 3 1 A u g u s t 2 0 2 2

Princess Private Equity Holding Limited (Princess or the Company) is an investment holding company listed on the London Stock Exchange. The Company's investment objective is to provide shareholders with long-term capital growth and an attractive dividend yield by investing in a global portfolio of private companies. Princess is managed in its investment activities by Partners Group, a global private markets investment management firm with USD 131 billion in investment programs under management in private equity, private debt, private real estate and private infrastructure.

Information

For further information please visit:

www.princess-privateequity.net

Key facts

Stock exchange

London

Reuters Euro Quote

PEY.L

Reuters Sterling Quote

PEYS.L

Bloomberg Euro Quote

PEY LN

Bloomberg Sterling Quote

PEYS LN

ISIN (Euro and Sterling Quote)

GG00B28C2R28

Sedol Euro Quote

B28C2R2

Sedol Sterling Quote

BF012D4

Product life start date

12.05.1999

Shares outstanding

69'151'168

Investor Relations

Phone: +44 (0) 1481 711 690

Fax: +44 (0) 1481 730 947 princess@partnersgroup.com

Registered Office

Princess Private Equity Holding Limited

Tudor House

P.O. Box 477

Guernsey, GY1 6BD

Portfolio composition

Investments by regional focus

A

North America

50%

D

B

Europe

36%

C

C

Asia-Pacific

9%

D

Rest of World

5%

A

B

Investments by financing category

A

Buyout Small/Mid-cap

54%

D

B

Buyout Large/Mega-cap

31%

C

C

Special situations

11%

D

Venture capital

4%

A

B

Investments by transaction type

A

Direct

97%

B

B

Primary

3%

A

Key figures in GBP EUR NAV converted to GBP at month-end GBP/EUR exchange rate from Bloomberg. NAV performance (total return) Indexed to 100 at inception of Princess Private Equity Holding Limited, showing last twenty years. Princess:based on monthly total return valuations. MSCI World TR: Bloomberg NDDUWI Index in EUR. Largest ten direct investments Based on net asset value. Portfolio composition Based on total value of investments.

This document is not intended to be an investment advertisement or sales instrument; it constitutes neither an offer nor an attempt to solicit offers for the product described herein. This report was prepared using financial information contained in the company's books and records as of the reporting date. This information is believed to be accurate but has not been audited by any third party. This report describes past performance, which may not be indicative of future results. The company does not accept any liability for actions taken on the basis of the information provided. Please consult the constituent documents for a more complete description of the terms.

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Princess Private Equity Holding Limited published this content on 30 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 September 2022 06:03:03 UTC.