Investor Presentaiton

HL maintains three primary service lines - Corporate Finance, Financial Restructuring and Financial and Valuation Services. A Houlihan Lokey Model for Growth and Success Core Services Strengths Managing Directors² Corporate Finance Mergers/Acquisitions Capital Markets Advisory Private Funds Placement Financial Restructuring Debtor and Creditor Restructuring Distressed M&A Liability Management Financial and Valuation Advisory Financial Opinions Valuation Services Transaction Advisory Services Superior Platform Drives Success in Attractive Mid Cap Market¹ Global Market Leader High-Margin Provider with Strong Reputation 217 57 39 5-Year FY Revenue CAGR 16% 6% 15% LTM March 31, 2023 Revenues/% of Total $1,127 / 62% $396 / 22% $287 / 16% Our business is diversified across clients, services, industries, bankers, and geographies. LTM March 31, 2023 Revenues per MD3 LTM March 31, 2023 $5.2 Closed Transactions / Fee Events4 503 $7.1 106 $7.2 2,257 Note: All dollar amounts in millions unless otherwise noted. Figures may not tie due to rounding. 1. Defined as transactions $1 billion or less in value. 2. As of March 31, 2023; excludes Corporate MDs. 3. Based on the average of the MD count at the end of each fiscal quarter throughout the LTM. 4. A Fee Event includes any engagement that involves revenue activity during the measurement period based on a revenue minimum of one thousand dollars. References in this press release to closed transactions should be understood to be the same as transactions that are "effectively closed" as described in our periodic reports on Forms 10-K and 10-Q. Houlihan Lokey | 17

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