BlackRock Investor Day Presentation Deck
End notes
These notes refer to the financial metrics and/or defined term presented on:
Slide 78 BlackRock fixed income
1. AUM as of 3/31/23.
2.
Represents last 36 months ending 3/31/23. 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.
3.
4.
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.
5. Revenue includes base, securities lending and performance fees.
6. 3-year CAGR represents 2020-2022.
Slide 80 ... and scale benefits to clients
1. Source: BlackRock Capital Markets; Annual figures as of 2022.
2. Execution cost is the average difference between the actual price achieved on the trade and the previous day's closing price. Average savings estimated as the difference between BlackRock execution
cost and market half spread, an estimate of the average execution cost of a market participant. Market half spread is estimated quarterly for each sector and maturity bucket based on a consensus
opinion of BlackRock traders and a set of over 10 broker dealers.
3. Source: BlackRock Capital Markets; represents 2022 average fill rate vs. pro-rata allocation for Investment Grade Credit.
Slide 81 - Active platform is backed by strong long-term investment performance and award-winning investment teams
1. Source of performance information is BlackRock's first quarter 2023 earnings releases. Please see appendix of this presentation for performance notes. Past performance is not indicative of future
results. Please refer to page 12 of first quarter 2023 earnings release for performance disclosure detail.
2. Source: Morningstar Fund data as of 3/31/2023. Includes all BLK global active fixed income mutual funds. % AUM is calculated out of BLK active fixed income mutual funds that have any star rating,
and does not include the AUM of non-rated funds as of 3/31/2023.
Slide 82 Leading fixed income franchise with significant room to grow
1. Source: Simfund for U.S. MFs, Broadridge for non-U.S. MFs and Global Institutional, Bloomberg for ETFs.
2.
Based on industry and BlackRock fixed income net flows for each of the respective periods.
Slide 83- A historic evolution of the capital stack and return opportunities in Fixed Income...
1.
Source: Federal Reserve as of 12/31/2022 and CBO, as of 5/12/2023.
2.
Source: Bloomberg as of 5/26/2023.
3. Source: Bloomberg as of 5/24/2023.
4. Source: Bloomberg as of 5/28/2013.
Slide 84 -... and as opposed to the past 10 years, returns come with dispersion and volatility making active management of these yields a valuable part of a total Fixed Income allocation...
1. Source: Bloomberg as of 5/26/2023.
Slide 85 -Multiple tools are now available to provide return, diversification, and stability to complement a broad investment portfolio...
1. Source: Bloomberg as of 5/22/2023.
2. Source: Bloomberg as of 12/31/2022.
Slide 86 - Diversity and connectivity of our fixed income platform enables us to deliver outcomes for clients and grow our share
1.
AUM as of 3/31/23.
BlackRock
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