#1Investor Presentation Moelis November 2023#2Forward Looking Statements This presentation contains forward-looking statements, which reflect the Firm's current views with respect to, among other things, its operations and financial performance. You can identify these forward-looking statements by the use of words such as "outlook," "believes," "expects," "potential," "continues," "may," "will," "should," "seeks,” “target," "approximately,” “predicts,” “intends,” “plans,” “estimates," "anticipates" or the negative version of these words or other comparable words. Such forward-looking statements are based on certain assumptions and estimates and subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. We believe these factors include, but are not limited to, those described under "Risk Factors" discussed in our Annual Report on Form 10-K for the year ended December 31, 2022. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release. In addition, new risks. and uncertainties emerge from time to time, and it is not possible for us to predict all risks and uncertainties, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Accordingly, you should not rely upon forward-looking statements as a prediction of actual results. The Firm undertakes no obligation to publicly update or review any forward- looking statement, whether as a result of new information, future developments or otherwise. Moelis | 1#3Why Moelis? Leading Global Independent Bank Differentiated advice: world-class independent and uncompromised advice focused on long-term clients Integrated advisory platform: comprehensive coverage across advisory products (M&A, Capital Structure Advisory, Capital Markets, and Private Funds Advisory) and deep expertise across all major Industries and geographies Culture: collaborative partnership culture leads to holistic client solutions Strong Business Model Client-first philosophy: leading client retention due to strength of relationships and quality of advice Diversified capabilities: ability to seamlessly pivot in all market environments Robust financial model: capital-light, high free cash flow with strong balance sheet and no debt Growth Strategy Secular growth: technological disruption and breadth of available capital solutions Strategic hiring: continually look to strengthen gaps in major products and industries Talent development: continued focus on growing capabilities through leading internal promotion strategy Capital Strategy Financial discipline: track record of achieving high pre-tax margins across the cycle Strategic investments: commitment to making long-term investments to drive continued organic growth Shareholder mentality: efficiently return excess capital through dividends and share repurchases Moelis | 2#4Moelis is a leading global advisory-focused independent investment bank Financial Highlights Business Highlights Talent Highlights $ $847mm LTM Q3 2023 Revenue¹ 23 Locations globally Global reach advising clients in 45+ countries across the globe 161 Managing Directors 63% Revenue growth FY 2014-LTM Q3 20231 Collaboration across • • • M&A and Strategic Advisory Capital Structure Advisory Capital Markets Private Funds Advisory 1,180 Employees ~$2.5bn Capital returned² -260% Total shareholder return³ 85+ Industries/Sectors Deep knowledge in the most disruptive sectors of the global economy Moelis > 40% MDs internally promoted Committed to attracting and developing world-class talent Note: Talent Highlights as of 9/30/2023 1. Represents GAAP revenue and revenue growth 2. 3. Represents share repurchases and total dollar value of dividends declared since IPO; includes dividend declared but not yet paid in relation to Q3 2023 performance period CaplQ, between 4/16/2014 and 9/29/2023; assumes reinvestment of dividends | 3#5Integrated advisory platform One Firm culture that reinforces team-oriented collaboration across products, industries and geographies Moelis Global footprint • M&A and Strategic Advisory Product expertise • Capital Structure Advisory Capital Markets Private Funds Advisory • North America • South America • Technology • Media & Telecommunications • Healthcare Moelis • Consumer & Retail • Europe • Middle East • • Asia • Australia Energy, Power & Infrastructure Clean Technology • Financial Institutions • Financial Sponsors • General Industrials Real Estate, Gaming, Lodging & Leisure Industry coverage | 4#6Extensive network serving clients across the globe Globally integrated platform valuable to clients and difficult to replicate North America • Boston • Chicago . Houston • Los Angeles • New York • San Francisco • • Washington DC West Palm Beach Moelis 1. Strategic alliance with Alfaro, Dávila y Scherer, S.C. 2. Strategic alliance with MA Moelis Australia • Amsterdam • Frankfurt Europe . London Paris Central & South America Mexico City1 Australia • Monterrey1 • São Paulo • Middle East & Asia • Beijing Dubai . Hong Kong Mumbai • ⚫ Riyadh • Tel Aviv Melbourne² Sydney² | 5#7Provide world-class advice across major industries and sub- sectors to corporates, sponsors and sovereign wealth funds Industrials Moelis Technology Media & Telecom Business Services Application Software Internet & Front Office Sof Infrastructure & Security Software White Collar Services Industrial Services Publishing Advertising & Marketing Services Sports & Entertainment Outdoor Advertising Information Services Digital Media Entertainment & Content Services Broadcasting Telecom Other Consumer Retail Food & Beverage Health & Beauty Home Goods Consumer & Retail Automotive Aftermarket Apparel Online Gaming Real Estate Tech Services & Digital Infrastructure FinTech & Payments Hardware Industrial Technology Building Products Capital goods Aerospace & Defense Moelis Inland Gaming Hotels Hospitality Services Cannabis Real Estate, Gaming, Lodging & Leisure Specialty Finance Cryptocurrencies Chemicals Metals & Mining Paper and Packaging Upstream Midstream Energy Services & Drilling Downstream Energy Infrastructure Power & Utilities Renewable Energy Infrastructure Pharmaceuticals BioTech Pharma Services Healthcare Tech Healthcare Services Asset Management Banks Financial Institutions MedTech Healthcare Energy Power | 6#8Premier brand for world class advice Advising our clients on their most complex and strategic financial decisions Marquee clients across all products and sectors M&A CLEARLAKE Consortium, led by Todd Boehly and Clearlake Capital Group, L.P., acquisition of Chelsea Football Club CSI $1.6bn Sale to Centerbridge Partners and Bridgeport Partners W $21bn All-stock merger with Endeavor Group Holdings, Inc. owned Ultimate Fighting Championship REALTY INCOME $17bn All-stock acquisition of VEREIT, Inc. and spin-off of office portfolio in to a new public company NEXTIER $5.4bn Merger with Patterson-UTI Energy, Inc. CH Merger between Three UK Group and Vodafone UK Group Hertz $24bn Restructuring STEINHOFF INTERNATIONAL HOLDINGS N.V. €10.4bn Restructuring Capital Structure Advisory Award-winning franchises Ambac $82bn Restructuring of Puerto Rico's Municipal debt DIAMOND SPORTS $635mm Debt Capital Raise $6.3bn Exchange Offer M & A Deal of the Year IFR AWARDS 2022 LATAM AIRLINES CARVANA $7.6bn Restructuring $5.5bn Notes exchange offer $350mm Equity raise Best Bank in the Middle East 2022 The Banker gm cruise $3.5bn Investment in Cruise comprised of $2.1bn Equity stake $1.35bn Primary investment Capital Markets Toll Brothers America's Luxury Home Builder" Strategic Joint Venture with Sculptor CAPITAL MANAGEMENT SOLUTION $250mm Growth investment from BainCapital Sole Placement Agent and Exclusive Financial Advisor GHK CAPITAL PARTNERS $410mm Fundraise for GHK Fund ILP Private Funds Advisory Cinven €1.5bn Fundraise for Cinven Strategic Financials Fund One Equity Partners $1bn Continuation fund transaction for underlying assets USCO S.p.A. and DWK Life Sciences Deals of the Year 2022 The Banker $600mm Senior unsecured convertible notes offering WHP GLOBAL $375mm Common equity minority investment from ARES aramco $1.3bn IPO of لوبريف Tuberer on the Saudi Stock Exchange LUMINATE $1.0bn Luminate Capital Partners III, LP fundraise SAGEVIEW CAPITAL $710mm Fundraise for Sageview Capital Partners III. LIME ROCK WPARTNERS $203mm Lime Rock Partners VI, L.P. fund recapitalization Deals of the Year 2021 The Banker Moelis | 7#9M&A: premier global franchise with depth and breadth across industries, geographies and areas of expertise M&A Deal of the Year IFR AWARDS 2022 • Key Highlights • Global execution capabilities across industries Exclusive sales franchise with a strong track record in achieving maximum value for clients in their sale processes Unlocking shareholder value and simplifying execution of carve outs and divestitures Tailored buyside advisory services leveraging industry expertise to achieve clients strategic growth objectives Unique expertise in guiding Special Committees to optimal outcomes • Leading shareholder advisory capabilities across live defense, shareholder engagement and ESG • Extensive experience providing fairness opinions to Boards of Directors, Special Committees and companies Areas of expertise Buyside Advisory Accomplishments Sellside Advisory $2.7tn Txn volume since inception 1,430 Deals announced since inception Divestitures Shareholder Advisory Transaction Structuring Carve Outs Special Committee Advisory Fairness Opinions Strategic Partnerships Involved in many of the most high profile transactions #1 Top M&A Deal of the Year for 2023 Awarded by IFR for advising Chelsea Football Club Advising companies on their most strategic decisions Top 3 M&A Boutique for 1H 2023 Per Dealogic 1 Joint Ventures Moelis Source: 1. Dealogic, by volume, 1H 2023 | 8#10Capital Structure Advisory: developing tailored solutions to optimize capital structures and liquidity for our clients Completed 460 Engagements $1.3T Liabilities Restructured 55% Company-Side Engagements Restructuring Adviser of the Year IFR 60% Completed AWARDS 2019 Out-of-Court Represented companies, owners, boards and creditors across 460 completed engagements Restructured $1.3 trillion of liabilities since inception in 2007 1H 2023 Global Announced Restructurings Rank Advisor 1 Moelis Engagement mix roughly 55% company-side and 45% creditor side Approximately 60% of engagements have been completed out of court Capital Structure Advisory Capabilities Volume ($MM) $57,466 Moelis Capital Structure Advisory has continuously been ranked a top 3 advisor for the last 5 years Moelis Source: Refinitiv, Global Announced Restructurings, 1H 2023 by value Optimize Balance Sheet Covenants Delever/ Restructure Balance Sheet Capital Raise Moelis Capital Structure Advisory Liquidity Enhancement Capital Markets Advisory Corporate Structure Optimization Debt Exchange / Repurchase 299 | 9#11Capital Markets: integrated approach across all disciplines, both public and private, debt and equity Execution-based, product agnostic approach allows Moelis to objectively review strategic and capital markets alternatives providing optimal results for our clients Investment Bank of the Year for Private Placements 2020 The Banker ~$200bn Capital raised since inception 1,250+ Actively covered accounts 390+ Transactions since inception Ability to execute for clients in all market environments Family Offices Private Equity Funds Pension Funds Asset Managers Hedge Funds Sovereign Wealth Funds Leading execution capabilities Full set of capabilities Equity Debt Non-traditional paths to market Minority Growth / Pre-IPO PIPES (Sponsor / Syndicated) Convertible Debt / Preferred Equity IPOS Direct Lending IG Private Placements Private High Yield / 144A Debt SPAC IPOS/PIPES/de-SPACs Registered Directs Direct Listings Moelis | 10#12Select examples Private Funds Advisory: Raising Capital and Providing Strategic Advice to Sponsors Globally Private Funds Advisory at a glance Global, integrated team 20+ Average years of experience per MD 1,500+ Global LP relationships Providing advice and sourcing capital across three key capabilities Primary Fundraise Secondary Market Advisory Tailored Capital Raise Strategic Transactions for Existing Assets Bespoke New Capital Solutions High-touch Placement Agent Continuation Funds LP Liquidity Co-Investments Managed Accounts Global Fund Placements First-Time Funds Equity Recaps NAV Loans & Preferred Equity Seeded Fundraises Stapled Primaries Top-Up Raises Vertical Extensions Strategies: Buyout | Growth equity | Credit | Real assets Limited partners: Secondary firms | Consultants | Pension plans | Insurance & financial institutions Sovereign wealth funds | Endowments & foundations | Fund of funds | Family offices Moelis 1. Includes PFA professionals' experience at Moelis and prior firms | 11#13Sponsors: substantial connectivity and deep relationships built over multiple decades Expanding capabilities to further integrate across sector relationships and product capabilities . Comprehensive capabilities across the sponsor ecosystem • • • Dedicated team of senior coverage bankers Extensive dialogue and transaction experience with large cap and middle market sponsors Highly integrated with Moelis product and industry partners > 1,200 private transactions since inception ~50% of Moelis transactions involve sponsors Cumulative sponsor deal volume ($tn, cumulative transaction volume¹) Track record of success CLAYTON DUBILIER & RICE $7bn Take-private acquisition of Focus Financial Partners Inc. Financial Advisor Advent International GLOBAL PRIVATE EQUITY Deals of the Year 2022 The Banker Acquisition of UNITED DIGESTIVE WARBURG PINCUS $4.25bn Acquisition of Baxter BioPharma Solutions Financial Advisor One Equity Partners $1bn Continuation fund transaction for underlying assets USCO S.p.A. and DWK Life Sciences Exclusive Financial Advisor Blackstone Acquisition of NEWTRADITION Exclusive Financial Advisor STERLING a portfolio company of OAKTREE sale to BLUE Exclusive Financial Advisor Banyan Significant investment by The Rise Fund, TPG's global impact investing platform Exclusive Financial Advisor brooklinen a portfolio company of SUMMIT PARTNERS Series B Capital Raise from FS Freeman Spogli & Co. Exclusive Financial Advisor And Placement Agent KOHLBERG & COMPANY UD from Frazier Healthcare Partners Financial Advisor Global institutional investor network $1.4 $1.3 $1.1 $1.0 $0.9 $0.8 $0.7 $0.6 $0.4 2007- 2015 2016 2017 2014 Moelis 2018 2019 2020 2021 2022 580+ Private Equity 870+ Relationships 50+ Pension Funds 200+ Family Office / Alt Cap 40+ Sovereign Wealth Funds | 12#14Delivering comprehensive solutions to our clients through our partnership culture Pending February 2023 Southwest Gas. HOLDINGS Southwest Gas HOLDINGS Spin-off of CENTURI Financial Advisor to the Strategic Transactions Committee of Southwest Gas Holdings, Inc. $1.5bn Sale of Mountain West to Williams Financial Advisor to the Strategic Transactions Committee of Southwest Gas Holdings, Inc. Power & Utilities ✓ Energy Infrastructure ✓ Shareholder Advisory ✓ M&A Products Sectors Regions March 2023 WHP GLOBAL $375mm Common equity minority investment from ARES Exclusive Placement Agent ✓ Consumer & Retail Financial Sponsors ✓ Capital Markets Pending جبل عمر Jabal Omar $4.1bn Restructuring Financial Advisor ✓ Restructuring ✓ Middle East ✓ Europe ✓ Real Estate Moelis Pending Bright Health Group $600mm Sale of its California Medicare Advantage business to Molina Healthcare, Inc. Exclusive Financial Advisor Healthcare services ✓ M&A ✓ Capital Markets Capital Structure Advisory October 2022 novo nordisk $1.1bn Acquisition of forma THERAPEUTICS Exclusive Financial Advisor Life Sciences ✓ M&A ✓ Cross Border April 2023 One Equity Partners $1bn Continuation fund transaction for underlying assets USCO S.p.A. and DWK Life Sciences Exclusive Financial Advisor ✓ PFA Industrials ✓ M&A ✓ Financial Sponsors | 13#15Committed to corporate sustainability and Environmental, Social and Governance (ESG) initiatives We are committed to conducting our business with integrity, strengthening local and global partnerships and utilizing our resources to enhance positive impact in the communities in which we operate. Environmental Social (Community Engagement) Governance Moelis Committed to managing the impact of our global footprint • • Monitoring our Firm's progress on environmental initiatives Acknowledgment of carbon footprint impact due to transportation Continued focus on carbon impact of travel, energy efficiency, minimizing waste, and recycling 41 Community engagement driven by employee networks across global geographies • Strengthening partnerships and harnessing resources to enhance positive impact in the communities in which we operate Building and growing an inclusive culture CHICAGO YOUTH CENTERS TEACHFOR AMERICA POSSE +C Bloomberg Volunteers of America IFRC Brackets for a Cause EVERYDAY MIRACLES Board Composition FALLEN PATRIOTS LAWA latin american womens aid COLLEGE FOR THEIR CHILDREN Racial/Ethnic Representation of Our Directors Gender representation of our Directors ■White / Non-Hispanic ■ Black / African American ■ Male ■Female | 14#16Committed to building and developing a diverse workforce Our people are our most valuable asset. We are focused on creating an inclusive environment and attracting and retaining the brightest and most talented individuals from diverse backgrounds who will support our culture of collaboration and innovation. Attracting Talent Developing Talent Inclusion & Belonging Collaborative global platform and culture attract key talent. Pipeline recruiting programs: Week on Wall Street Moelis Veterans Program • Leadership Diversity Program Opportunities for experienced professionals across investment banking and specialist support functions. Recruiting Partnerships: BLK BLK CAPITAL Forté MANAGEMENT, CORP C4U More Women Leading SEO /LONDON SPONSORS FOR EDUCATIONAL OPPORTUNITY HOREHOUSE COLLEGE Moelis GEORGIA Moclis Academy Flagship Programs: • Moelis@Wharton Leadership Development Program • Moelis Compass • Analyst and Associate global training program • Mentoring programs Key Learning Pillars Global Employee Networks - over 1/3 of employees actively engaged • Asian & Allies Black and African American & Allies • Latino and Hispanic & Allies • Moelis Pride • Veterans & Allies Women & Allies at Moelis Moelis Moelis Moelis A&A BAAN LH&A Leadership Development Personal Development Skill-based Learning Moelis Moelis Moelis PRIDE V&A WAAM vault TOP RANKED 2021-2023 Top 3 for Overall Vault Ranking | 15#17Growth driven by internal promotion and targeted hiring Recent strategic expansion across our business includes 31 external hires and 8 promotes¹ Managing director headcount 161 142 125 126 125 122 118 105 102 94 2014 2015 2016 Recent managing director expansion 1 Sector 22 external hires, 6 internal promotes Technology (12 hires, 3 promotes) Healthcare (3 hires, 1 promote) Industrials (3 hires, 1 promote) • Clean Technology (2 hires) • Power & Utilities (1 hire) • Energy (1 promote) Media & Entertainment (1 hire) Moelis 2017 2018 2019 2020 2021 2022 9/30/2023 Note: 1. Represents internal promotes and external hires since June 30, 2022 Product Regional 7 external hires, 1 internal promote 2 external hires, 1 internal promote • M&A (2 hires) Germany (1 promote) Capital Structure Advisory (1 hire) • China (1 hire) • Capital Markets (1 hire) • France (1 hire) • Private Funds Advisory (3 hires) Sponsors (1 promote) | 16#18Tremendous whitespace remains across sectors Investments in expanded coverage through targeted hiring and internal promotion in key global fee pool sectors Significant opportunities to grow coverage capabilities and market share Global M&A fee pool (2018 – 2022)1 $ in billions Technology Industrials FIG Healthcare Energy Consumer & Retail Media $8.0 Business Services $7.9 Real Estate Transportation $4.9 $7.1 $15.9 $19.9 $24.3 $23.1 $32.7 Moelis market share 1 Recent sector MD additions2 1.0% 2.0% 1.3% 2.1% $19.7 1.7% 2.1% 3.6% 2.2% 1.5% 1.7% Moelis Source: Dealogic, 2018 - 2022 Global M&A fee pool Note: 1. 2. Moelis market share represents Moelis total Dealogic fees between 2018 - 2022 as a percentage of total global M&A fee pool in each sector Includes internal promotions and external hires since June 30, 2022; Clean Technology and Power & Utilities hires included in Energy 15 བ་ 28 | 17#19Executing on our organic growth strategy Strong track record of organic revenue growth with a focus on high pre-tax margins through-the-cycle Revenues ($ in millions) $772 $561 $1,156 2014-2016 Average 2017 2019 Average 2020 2022 Average Pre-tax margins¹ 28.5% 25.9% 20.7% • 100% organic revenue growth ● Increased productivity and market share Zero acquisitions • • High ROI focus Strong pre-tax margins • Focus on expense management 2014 2016 Average Moelis Source: Note: 10-K filings 1. 2. 2017-2019 Average 2 2020 2022 Average Figures represent average GAAP revenue and pre-tax margin in each measurement period; 2017-2019 Average pre-tax margin includes one adjustment described in the footnote below The pre-tax margin in 2017 excludes $134.7 million from GAAP other income to reflect the non-operating benefit of re-measuring our TRA liability in connection with the enactment of the Tax Cuts and Jobs Act | 18#20Commitment to our shareholders Capital-light business model provides strong capital returns -$2.5bn of capital returned to shareholders since IPO1 Capital return $297.8mm Cash and liquid investments as of September 30, 2023 $ Strong balance sheet Continue to invest in the long-term growth of our business Efficiently return excess capital to shareholders through dividends and share repurchases ✓ Strong, asset light balance sheet ✓ Minimal capital requirements ✓ No debt or goodwill Moelis | 19 1. Includes regular dividends, special dividends and share repurchases; includes dividend declared but not yet paid in relation to Q3 2023 performance#21Strong cash generation and capital return profile Committed to returning our excess cash through dividends and share repurchases Capital returns since IPO Capital Returned % of GAAP Net Income¹ 268% 92% 101% 194% 150% 169% 126% 137% 190% $579 $104 $311 $320 $310 $33 $276 $245 $12 $229 $44 $148 $51 $164 $143 $143 $133 $111 $3 $50 $87 $8 $68 $43 $164 $172 $54 $127 $113 $89 $98 $60 $72 $33 2014 2015 2016 2017 2018 2019 2020 2021 2022 ■Regular Dividends 2 2 ■Special Dividends Share Repurchases Moelis Source: Note: public filings (earnings press releases, 10-Qs, 10-Ks) 1. 2. Represents total capital returned with respect to each performance year as a percentage of GAAP Net Income Regular and Special Dividends represent total dollar amount of dividends declared with respect to each performance year | 20#22Leading total shareholder return since IPO in 2014 Strong outperformance against benchmarks and our peers Indexed Total Shareholder Return 600 500 400 300 200 100 04/14 03/16 Moelis Source: Note: 1. 01/18 12/19 11/21 09/23 -Moelis S&P 500 S&P 500 Financials -Boutique Peers¹ S&P CaplQ between 4/16/14 and 9/29/2023; assumes the reinvestment of dividends Market cap weighted index methodology consisting of EVR, PJT, HLI, LAZ and GHL; indexed to 100 for relative comparison 261% 175% 142% 128% | 21#23Appendix Moelis | 22#24Reconciliation of GAAP to adjusted (non-GAAP) financials Three Months Ended September 30, 2023 ($ in thousands) Revenues (1) U.S. GAAP Adjustments Adjusted (non-GAAP) $272,179 5,486 $277,665 Expenses Compensation and Benefits (2) $242,231 (742) $241,489 Non Compensation Expenses $49,974 $49,974 Total Operating Expenses $292,205 (742) $291,463 Operating Income ($20,026) 6,228 ($13,798) Compensation Ratio Non-Compensation Ratio Operating Income Margin 89.0% 18.4 % (7.4)% Our Adjusted results apply certain adjustments to our GAAP results, including the assumption that 100% 87.0% 18.0 % (5.0)% of the Firm's income was taxed at our corporate effective tax rate. We believe the Adjusted results, when presented together with comparable GAAP results, are useful to investors to compare our performance across periods and to better understand our operating results. Moelis Source: 1. 2. Company filings Reflects a reclassification of $5.5 million of other income to revenues related to shares received as partial payment for advisory services provided on certain transactions Reflects a reclassification of $0.7 million of other income to compensation and benefits expense associated with the enforcement of non-compete provisions | 23