#1Investor Presentation November 2023 Moelis#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 Strong Business Model Growth Strategy Capital Strategy Moelis 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 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 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 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 | 2#4Moelis is a leading global advisory-focused independent investment bank Financial Highlights $$847mm LTM Q3 2023 Revenue ¹ 63% Revenue growth FY 2014-LTM Q3 20231 -$2.5bn Capital returned² ~260% Total shareholder return³ Moelis Note: 1. 2. 3. Business Highlights 23 Locations globally Global reach advising clients in 45+ countries across the globe Collaboration across M&A and Strategic Advisory Capital Structure Advisory Capital Markets Private Funds Advisory ● ● ● 85+ Industries/Sectors Deep knowledge in the most disruptive sectors of the global economy C Talent Highlights 161 Managing Directors 1,180 Employees > 40% MDs internally promoted Committed to attracting and developing world-class talent Talent Highlights as of 9/30/2023 Represents GAAP revenue and revenue growth 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 CapIQ, 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 ● ● ● Capital Structure Advisory Capital Markets Private Funds Advisory North America • South America Europe • Middle East Asia Australia Moelis Product expertise • Technology Media & Telecommunications ● ● ● ● ● ● ● ● Healthcare Consumer & Retail 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 Central & South America Europe 000 ●●● ●00 ●●● ●● 000000 ●●●●●● ● ●●●●● ●●●● Mexico City¹ Monterrey¹ • São Paulo ● ● • London Paris ● ●●●●● ●●●●● Amsterdam Frankfurt Australia Middle East & Asia . • Hong Kong Mumbai ● Beijing Dubai • Riyadh ● ● • Sydney² Tel Aviv Melbourne 2 LO | 5#7Provide world-class advice across major industries and sub- sectors to corporates, sponsors and sovereign wealth funds Moelis Media & Telecom Business Services Technology Tech Services & Digital Infrastructure Internet & Front Office Software Application Software Infrastructure & Security Software FinTech & Payments 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 Consumer & Retail Health & Beauty Home Goods Hardware Automotive Aftermarket Apparel Industrial Technology Industrials Moelis Real Estate Building Products Capital goods Aerospace & Defense Specialty Online Gaming Inland Gaming Hotels Hospitality Services Cannabis Upstream Chemicals Metals & Mining Paper and Packaging Cryptocurrencies Downstream Energy Services & Drilling Energy Infrastructure Power & Utilities Renewable Energy Infrastructure Pharmaceuticals Real Estate, Gaming, Lodging & Leisure Midstream Banks Energy BioTech Pharma Services Healthcare Tech Healthcare Services MedTech Asset Management Financial Institutions Power Healthcare | 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 Consortium, led by Todd Boehly and Clearlake Capital Group, L.P., acquisition of Chelsea Football Club CHELSEA REALTY NTBALL CLUB INCOME $17bn All-stock acquisition of VEREIT, Inc. and spin-off of office portfolio in to a new public company gm cruise $3.5bn Investment in Cruise comprised of $2.1bn Equity stake $1.35bn Primary investment изпи $600mm Senior unsecured convertible notes offering Moelis CSI $1.6bn Sale to Centerbridge Partners and Bridgeport Partners NEXTIER $5.4bn Merg with Patterson-UTI Energy, Inc. Capital Markets Toll Brothers America's Luxury Home Builder Strategic Joint Venture with Sculptor CAPITAL MANAGEMENT WHP GLOBAL $375mm Common equity minority investment from ARES W $21bn All-stock merger with Endeavor Group Holdings, Inc. owned Ultimate Fighting Championship CH Merger between Three UK Group and Vodafone UK Group CUISINE SOLV $250mm Growth investment from BainCapital Sole Placement Agent and Exclusive Financial Advisor aramco $1.3bn IPO of لولايف luberer on the Saudi Stock Exchange Hertz $24bn Restructuring STEINHOFF INTERNATIONAL HOLDINGS N.V. €10.4bn Restructuring GHK CAPITAL PARTNERS $410mm Fundraise for GHK Fund LP LUMINATE Capital Structure Advisory $1.0bn Luminate Capital Partners III, LP fundraise Ambac $82bn Restructuring of Puerto Rico's Municipal debt LATAM AIRLINES $7.6bn Restructuring Private Funds Advisory Cinven €1.5bn Fundraise for Cinven Strategic Financials Fund SAGEVIEW CAPITAL $710mm Fundraise for Sageview Capital Partners III DIAMOND SPORTS $635mm Debt Capital Raise $6.3bn Exchange Offer CARVANA $5.5bn Notes exchange offer $350mm Equity raise One Equity Partners $1bn Continuation fund. transaction for underlying assets USCO S.p.A. and DWK Life Sciences LIME ROCK PARTNERS $203mm Lime Rock Partners VI, L.P. fund recapitalization Award-winning franchises M & A Deal of the Year IFR AWARDS 2022 Best Bank in the Middle East 2022 The Banker Deals of the Year 2022 The Banker Deals of the Year 2021 The Banker | 7#9M&A: premier global franchise with depth and breadth across industries, geographies and areas of expertise 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 Divestitures Shareholder Advisory Transaction Structuring Joint Ventures Moelis Source: 1. Sellside Advisory Carve Outs Special Committee Advisory Fairness Opinions Strategic Partnerships Dealogic, by volume, 1H 2023 Accomplishments $2.7tn Involved in many of the most high profile transactions Txn volume since inception #1 Top M&A Deal of the Year for 2023 Awarded by IFR for advising Chelsea Football Club 1,430 M&A Deal of the Year Top 3 IFR AWARDS 2022 Deals announced since inception Advising companies on their most strategic decisions M&A Boutique for 1H 2023 Per Dealogic ¹ 1 | 8#10Capital Structure Advisory: developing tailored solutions to optimize capital structures and liquidity for our clients Completed 460 Engagements Represented companies, owners, boards and creditors across 460 completed engagements Rank 1 Advisor Moelis $1.3 T 1H 2023 Global Announced Restructurings Liabilities Restructured Moelis Restructured - $1.3 trillion of liabilities since inception in 2007 Volume ($MM) $57,466 Moelis Capital Structure Advisory has continuously been ranked a top 3 advisor for the last 5 years Source: Refinitiv, Global Announced Restructurings, 1H 2023 by value 55% Engagement mix roughly 55% company-side and 45% creditor side Company-Side Engagements Optimize Balance Sheet Capital Structure Advisory Capabilities Delever / Restructure Balance Sheet Capital Raise Corporate Structure Optimization 60% Completed Out-of-Court Approximately 60% of engagements have been completed out of court Covenants Moelis Capital Structure Advisory Restructuring Adviser of the Year Liquidity Enhancement Capital Markets Advisory IFR AWARDS 2019 Debt Exchange / Repurchase | 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 ~$200bn Capital raised since inception Ability to execute for clients in all market environments Full set of capabilities Equity Minority Growth / Pre-IPO PIPES (Sponsor / Syndicated) Convertible Debt / Preferred Equity Moelis IPOS 1,250+ Actively covered accounts Asset Managers Hedge Funds Sovereign Wealth Funds Family Offices Private Equity Funds Pension Funds Debt Direct Lending IG Private Placements Private High Yield / 144A Debt 390+ Investment Bank of the Year for Private Placements 2020 The Banker Transactions since inception Leading execution capabilities Non-traditional paths to market SPAC IPOS/PIPEs/de-SPACs Registered Directs Direct Listings | 10#12Private Funds Advisory: Raising Capital and Providing Strategic Advice to Sponsors Globally Private Funds Advisory at a glance Global, integrated Select examples team Secondary Market Advisory Strategic Transactions for Existing Assets Providing advice and sourcing capital across three key capabilities Continuation Funds Equity Recaps Strategies: Limited partners: Moelis 1. LP Liquidity NAV Loans & Preferred Equity 20+ Average years of experience per MD Tailored Capital Raise 01 Bespoke New Capital Solutions Co-Investments Seeded Fundraises Includes PFA professionals' experience at Moelis and prior firms Managed Accounts Stapled Primaries 1,500+ Global LP relationships Primary Fundraise High-touch Placement Agent Global Fund Placements Top-Up Raises First-Time Funds Vertical Extensions Buyout | Growth equity | Credit | Real assets Secondary firms | Consultants | Pension plans | Insurance & financial institutions Sovereign wealth funds | Endowments & foundations | Fund of funds | Family offices | 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) $0.4 $0.6 $0.7 $0.8 $0.9 $1.0 $1.1 $1.3 2007 - 2015 2016 2017 2018 2019 2020 2021 2014 Moelis $1.4 2022 Track record of success CLAYTON DUBILIER & RICE $7bn Take-private acquisition of Focus Financial Partners Inc. Financial Advisor KOHLBERG & COMPANY Acquisition of UD UNITED DIGESTIVE from Frazier Healthcare Partners Financial Advisor Advent International GLOBAL PRIVATE EQUITY VA 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 580+ Private Equity Blackstone 50+ Pension Funds Acquisition of NEWTRADITION Exclusive Financial Advisor STERLING a portfolio company of OAKTREE sale to BLUE WOLF Exclusive Global institutional investor network Financial Advisor 870+ Relationships Banyan Deals of the Year 2022 The Banker 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 200+ Family Office / Alt Cap 40+ Sovereign Wealth Funds | 12#14Delivering comprehensive solutions to our clients through our partnership culture Pending Southwest Gas... HOLDINGS Spin-off of CENTURI Financial Advisor to the Strategic Transactions Committee of Southwest Gas Holdings, Inc. Pending you ✓ Power & Utilities ✓Energy Infrastructure جبل عمر Jabal Omar ✓ Shareholder Advisory ✓ M&A $4.1bn Restructuring Financial Advisor February 2023 ✓ Restructuring ✓ Middle East ✓ Europe ✓ Real Estate Moelis Southwest Gas.. HOLDINGS $1.5bn Sale of Mountain West to Williams Financial Advisor to the Strategic Transactions Committee of Southwest Gas Holdings, Inc. Sectors Pending Bright Health Group™ $600mm Sale of its California Medicare Advantage business to Molina Healthcare, Inc. Exclusive Financial Advisor ✓ Healthcare services ✓ M&A Products ✓ Capital Markets ✓ Capital Structure Advisory Regions October 2022 M novo nordisk $1.1bn Acquisition of forma THERAPEUTICS Exclusive Financial Advisor ✓ Life Sciences ✓ M&A ✓ Cross Border March 2023 WHP GLOBAL $375mm Common equity minority investment from ARES Exclusive Placement Agent ✓Consumer & Retail ✓ Financial Sponsors ✓ Capital Markets 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 ● ● ● 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 Board Composition POSSE +C IFRC Bloomberg Brackets for a Cause Racial/Ethnic Representation of Our Directors O ■ White / Non-Hispanic ■ Black / African American Volunteers of America EVERYDAY MIRACLES FALLEN PATRIOTS COLLEGE FOR THEIR CHILDREN Gender representation of our Directors O AI ▪ Male ▪ Female D LAWA latin american womens aid | 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 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 MANAGEMENT, CORP C4U SEO Forté More Women Leading SPONSORS FOR EDUCATIONAL OPPORTUNITY Moelis COLLEC FACTA EST GEORGIA vault TOP RANKED Developing Talent Flagship Programs: ● Moclis Academy ● Moelis@Wharton Leadership Development Program Moelis Compass Analyst and Associate global training program Mentoring programs Key Learning Pillars Leadership Personal Development Development Skill-based Learning Inclusion & Belonging 2021-2023 Top 3 for Overall Vault Ranking 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 Moelis PRIDE Moelis V&A WAAM | 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 94 ● 2014 105 2015 Moelis Recent managing director expansion ¹ Sector 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) 102 Note: 1. 2016 22 external hires, 6 internal promotes 118 2017 125 2018 Represents internal promotes and external hires since June 30, 2022 ● ● ● 126 ● 2019 Product 125 2020 7 external hires, 1 internal promote M&A (2 hires) Capital Structure Advisory (1 hire) Capital Markets (1 hire) Private Funds Advisory (3 hires) Sponsors (1 promote) 122 2021 ● ● 142 2022 Regional 161 9/30/2023 2 external hires, 1 internal promote Germany (1 promote) China (1 hire) France (1 hire) | 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 Business Services Real Estate Transportation Moelis $4.9 1. 2. $8.0 $7.9 $7.1 $15.9 Source: Dealogic, 2018-2022 Global M&A fee pool Note: $19.9 $19.7 $24.3 $23.1 $32.7 Moelis market share¹ 1.0% 2.0% 1.3% 2.1% 1.7% 2.1% 3.6% 2.2% 1.5% 1.7% Moelis market share represents Moelis total Dealogic fees between 2018 - 2022 as a percentage of total global M&A fee pool in each sector Includes internal promotions and external hires since June 30, 2022; Clean Technology and Power & Utilities hires included in Energy Recent sector MD additions ² 15 00 00 28 | 17#19Executing on our organic growth strategy Strong track record of organic revenue growth with a focus on high pre-tax margins through-the-cycle Revenues¹ ($ in millions) $561 2014-2016 Average Pre-tax margins¹ Moelis 20.7% 2014-2016 Average Source: Note: 1. 2. $772 2017-2019 Average 25.9% 2017 - 2019 Average ² $1,156 2020-2022 Average 28.5% 2020 2022 Average • 100% organic revenue growth ● Increased productivity and market share Zero acquisitions High ROI focus ● ● ● Strong pre-tax margins Focus on expense management 10-K filings 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 -$2.5bn of capital returned to shareholders since IPO¹ Capital return ✓ Continue to invest in the long-term growth of our business Moelis Efficiently return excess capital to shareholders through dividends and share repurchases [$] $297.8mm ash and liquid investments as of September 30, 2023 Strong balance sheet Strong, asset light balance sheet ✓ Minimal capital requirements ✓ No debt or goodwill 1. Includes regular dividends, special dividends and share repurchases; includes dividend declared but not yet paid in relation to Q3 2023 performance | 19#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% $87 $54 $33 2014 Moelis 92% $111 $8 $43 $60 2015 101% $143 $3 $68 $72 2016 194% $245 $12 $143 $89 150% Source: public filings (earnings press releases, 10-Qs, 10-Ks) Note: 1. 2. $311 $33 $164 $113 2017 Regular Dividends ² ■ Special Dividends² 2018 169% $229 $51 $50 $127 126% 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 $276 $44 $133 2019 Share Repurchases $98 2020 137% $579 $104 $310 $164 2021 190% $320 $148 $172 2022 | 20#22Leading total shareholder return since IPO in 2014 Strong outperformance against benchmarks and our peers Indexed Total Shareholder Return 600 500 400 300 200 100 04/14 Moelis Source: Note: 1. 03/16 •Moelis 01/18 S&P 500 12/19 S&P 500 Financials S&P CapIQ between 4/16/14 and 9/29/2023; assumes the reinvestment of dividends Market cap weighted index methodology consisting of EVR, PJT, HLI, LAZ and GHL; indexed to 100 for relative comparison Man 11/21 Boutique Peers¹ 261% 175% 142% 128% 09/23 | 21#23Moelis Appendix | 22#24Reconciliation of GAAP to adjusted (non-GAAP) financials Three Months Ended September 30, 2023 ($ in thousands) Revenues (¹) Expenses Compensation and Benefits Non Compensation Expenses Total Operating Expenses Operating Income Compensation Ratio Non-Compensation Ratio Operating Income Margin (2) Moelis Source: 1. 2. U.S. GAAP $272,179 $242,231 $49,974 $292,205 ($20,026) 89.0 % 18.4% (7.4)% Adjustments 5,486 (742) (742) 6,228 Adjuste d (non-GAAP) $277,665 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 $241,489 $49,974 $291,463 ($13,798) 87.0 % Our Adjusted results apply certain adjustments to our GAAP results, including the assumption that 100% 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. 18.0% (5.0)% | 23