Houlihan Lokey Investor Presentation Deck
Strong Financial Performance
Strong revenue growth with a five-year CAGR of 13%
Fiscal year 2022 experienced record results during
extremely bullish market conditions
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●
Adjusted pre-tax income grew at a CAGR of 12% over the same
five-year period
Maintained solid adjusted pre-tax margins throughout, with higher
pre-tax margins for fiscal years 2021 and 2022 as a result of
temporarily lower non-compensation expenses as a result of
COVID-19
Adjusted Pre-tax Income¹
$244
2018
$264
2019
$282
2020
$434
2021
$680
2022
$428
2023
Note: For fiscal years ended March 31. All dollar amounts in millions unless otherwise noted.
1. Adjusted Pre-tax Income and Adjusted Pre-Tax Margin are non-GAAP financial measures. See page 29 for comparable GAAP figures.
Revenues
$963
15%
30%
55%
2018
$1,084
15%
29%
2019
■ Corporate Finance
25.3%
56%
2018
24.4%
$1,159
2019
14%
30%
Adjusted Pre-tax Margin¹
56%
2020
24.3%
$1,525
12%
2020
35%
53%
2021
28.4%
$2,270
2022
2023
Financial Restructuring Financial and Valuation Advisory
2021
13%
17%
70%
29.9%
$1,809
2022
16%
22%
62%
23.7%
2023
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