BlackRock Investor Day 2021
End notes
These notes refer to the financial metrics and/or defined term presented on:
Slide 33
BlackRock is a top 5 alternatives manager
1.
By client assets as of March 31, 2021. Source: peer public filings.
IRH0621U/M-1675207-1/171
2.
3.
4.
5.
+56
6.
Client assets include $268B AUM and $28B committed capital as of 3/31/21. Illiquid client assets include alternative solutions, private equity solutions,
opportunistic and private credit, Long Term Private Capital, real estate and infrastructure. Committed capital refers to client assets that currently do not earn fees and
are not counted in AUM. Liquid credit reflects $100B of AUM across credit strategies reported under fixed income in BlackRock's form 10-K and 10-Q. AUM excludes
$69B of currency and commodities AUM, primarily ETFs. The client asset subtotals do not add up to $297B due to rounding.
LTM "Last Twelve Months" represents last twelve months ending 3/31/21. Net New Business represents net asset inflows and Net New Base Fees represents net new
base fees earned on net asset inflows.
Organic asset growth rate calculated by dividing net asset inflows over beginning of period assets.
Organic base fee growth rate calculated by dividing net new base fees earned on net asset inflows by the base fee run-rate at the beginning of period.
Includes base fees, securities lending revenue and performance fees.
Slide 34 Well positioned for future revenue growth
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As of 3/31/21.
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Based on fee rates as of 3/31/21. Past fee rates and future assumptions may not be indicative of future results. Future base fees expected to materialize as we deploy
committed capital.
Reflects gross deferred carried interest liability as disclosed in BlackRock form 10-Ks and 10-Q for the applicable time period.
Slide 35 Alternatives industry continues to expand as investors globally increase their allocations
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Source: Preqin and HFR, 12/31/20
Source: Preqin Future of Alternatives 2025: Includes private equity, private debt, real estate, infrastructure, natural resources, and hedge funds. Survey results from
the Preqin Investor Survey, August 2020.
Slide 37 - Strong fundraising momentum continues across platform
1.
Gross fundraising includes assets counted in net inflows and committed capital. Committed capital that earns fees during the commitment stage is included in NNB
and AUM. Fundraising data includes alternative solutions, hedge fund solutions, private equity solutions, opportunistic and private credit, Long Term Private Capital,
real estate and infrastructure.
Slide 41 Our leading global credit platform provides solutions across the full spectrum of credit investing
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2.
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Revenue represents base fees, securities lending and performance fees for each of the respective full year time periods.
Client assets include AUM and committed capital.
Industry ranking is based on client assets as of 12/31/20 and is sourced from peer public filings.
Slide 42 We are building a premier infrastructure platform to meet increasing client demand
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Revenue represents base fees and performance fees for each of the respective full year time periods.
Client assets include AUM and committed capital.
Industry ranking is based on client assets as of 6/30/20 and is sourced from the July/August issue of IPE Real Assets.
BlackRock
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