Business Highlights and Growth Opportunities
Track Record of Achieving Strong Results for Our Clients, Our People and Our
Shareholders
#1
#10
ECM ranking by Underwriting revenue4
Independent Firms and #4 Among All
Firms since 20181,2,3
in Advisory Revenues Among
At least 1/3
Of Total Revenue over the past four years
is from non-M&A businesses5
11
45
Advisory Senior Managing Directors hired Institutional Investor All-America Equity
2023 YTD
Research-Ranked Research Analysts
#1
#1 Research Provider on a weighted basis
among all firms in 2023 and the firm with
the most #1 ranked analysts
11%
5-Year Adjusted Net Revenue CAGR
(2018 – 2022)1
17%
5-Year Adjusted EPS CAGR
(2018-2022)1
45%
10-Year Total Return in excess of the S&P
5007
$3.0
3.0
Billion Capital Returned to Shareholders
Since 20188
Million shares repurchased in 9M 2023
6%
Increase to our quarterly dividend in Q1
2023. We have increased our dividend
every year since 2007
Source: M&A data sourced from Refinitiv; Fee data sourced from Company reports and SEC filings
Net Revenues, EPS and Operating Margins for all periods reflect Adjusted figures on a gross basis as described in the earnings release. A reconciliation to the corresponding GAAP figures is available in Appendix at the end of this presentation
LTM Q3 2023 Advisory revenues based on reported quarterly results for all firms that have reported through October 26, 2023
Total fee pool includes LTM Q3 2023 Advisory revenues from BAC, BARC, C, CS, DB, EVR, GHL, JEF, GS, HLI, JPM, LAZ, MC, MS, PIPR, PJT, PWP, UBS. Independents' fee pool includes Advisory revenues from EVR, GHL, HLI, LAZ, MC, PJT, PWP
Reflects Dealogic estimates for LTM Q3 2023 for all U.S. exchange listings and excludes bought deals and ATMs. Based on revenue date for SPAC transactions
1.
2.
3.
4.
5.
6.
Institutional Investor survey released in October 2023
7.
Assumes dividends are reinvested. Represents 9/30/2013 - 9/30/2023
8.
Includes dividends to Class A shareholders and equivalent amounts distributed to holders of LP units
Non-M&A businesses include Underwriting Fees, Commissions and Related Revenues, Asset Management and Administration Fees, which are publicly reported revenue line items. In addition, this includes components of Advisory that are considered non-
traditional M&A such as restructuring, private capital advisory, fundraising, etc.
EVERCORE
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