Houlihan Lokey Investor Presentation Deck

Comparable GAAP vs. Adjusted Financial Figures (Cont'd) GAAP Pre-tax Margin 22.6% 26.8% 20.3% $313 ...... ...... $184 2020 2021 2021 2018 25.3% 20.7% Adjusted Pre-tax Margin 2018 2019 24.4% 2019 24.3% 28.4% 2021 26.6% 2022 29.9% 2022 2020 Note: For fiscal years ended March 31. All dollar amounts in millions unless otherwise noted. 17.9% 2023 23.7% GAAP Net Income 2023 $172 2018 $159 $159 Adjusted Net Income 2018 2019 $189 2019 2020 $211 2020 $317 $438 2021 2022 $485 2022 $254 2023 $315 2023 Houlihan Lokey | 31

View entire presentation