BlackRock Investor Day Presentation Deck
End notes
These notes refer to the financial metrics and/or defined term presented on:
2.
Slide 31 BlackRock's Aladdin® technology solves for key aspects of the investment process
1. Technology services revenue per BLK 2022 Form 10-K filing. Revenue as of 12/31/2022.
BLK Form 10-K filings for respective years. 3-year CAGR represents 2019-2022.
3. Client retention represents annual contract value 'ACV' at the beginning of the year less client attrition during the year, divided by ACV at the beginning of the year. ACV represents forward-looking
recurring subscription fees under client contracts for the next twelve months at the end of a respective quarter, assuming all client contracts that come up for renewal are renewed. ACV excludes
nonrecurring fees such as implementation and consulting fees. Management believes ACV is an effective metric for reviewing BlackRock's technology services' ongoing contribution to its operating
results and provides comparability of this information among reporting periods while also providing a useful supplemental metric for both management and investors of BlackRock's growth in
technology services revenue over time, as it is linked to the net new business in technology services. ACV represents forward-looking, annualized estimated value of the recurring subscription fees
under client contracts, assuming all client contracts that come up for renewal are renewed, unless we received a notice of termination, even though such notice may not be effective until a later date.
ACV also includes the annualized estimated value of new sales, for existing and new clients, when we execute client contracts, even though the recurring fees may not be effective until a later date and
excludes nonrecurring fees such as implementation and consulting fees.
Slide 36 Creating a platform with 3rd party partners
1. Subject to customary regulatory and closing conditions. Minority investment in Avaloq expected to close in 2Q 2023.
Slide 37 - Aladdin® is a high-quality, fast-growing technology business that fuels BlackRock's growth
1. BLK Form 10-K filings for the period 2018-2022.
2.
ACV represents forward-looking recurring subscription fees under client contracts for the next twelve months at the end of a respective quarter, assuming all client contracts that come up for
renewal are renewed. ACV excludes nonrecurring fees such as implementation and consulting fees. See note on slide 37 for more information on ACV.
3.
Represents CAGR for 2019-2022. See note on slide 37 for more information on ACV.
4. Large clients represent new mandates over $1 million annual subscription revenues signed in 2022.
Slide 38- The market opportunity for Aladdin continues to grow
1.
McKinsey and P&I data as of year-end 2022 and internal BlackRock estimates.
BlackRock
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