Lazard Investor Presentation Deck

INVESTOR PRESENTATION Asset Management Performance AUM provides resilient revenue generation and profitability ($B) $195 52 Average Assets Under Management LAZARD $227 53 $241 $234 51 49 Average AUM $225 47 $272 44 $227 45 2016 2017 2018 2019 2020 2021 2022 3Q23 $236 Average Fees (Bps) 1. Last twelve months as of September 30, 2023 ($M) $1,031 $388 Operating Revenue and Earnings, As Adjusted $1,240 $1,242 $539 $524 $1,159 [] DIVERSIFIED BUSINESS $472 $1,111 $413 $1,329 $505 $1,099 $336 $1,052 2016 2017 2018 2019 2020 2021 2022 LTM 1 Operating Revenue Earnings from Operations, as Adjusted 16 |

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