Growth and Transition Strategy Update
End notes
These notes refer to the financial metrics and/or defined term presented on:
Slide 128 Increasing co-investment portfolio as private markets scales, delivering revenue growth and profitability for shareholders
1.
2.
Gross fundraising includes assets counted in net inflows and committed capital. Committed capital that earns fees during the commitment stage is included in NNB and AUM. Fundraising data includes alternative solutions, hedge
fund solutions, private equity solutions, opportunistic and private credit, Long Term Private Capital, real estate and infrastructure.
Reflects gross deferred carried interest liability as disclosed in BlackRock form 10-Ks and 10-Q for the applicable time period.
Slide 130 Steady dividend increases
1. 2003 dividend per share is annualized.
Slide 131 Share repurchase program since 2013
1.
Represents time period from 12/31/12 to 12/31/2022.
Slide 132 BlackRock has delivered differentiated organic base fee growth across various market environments...
1.
2.
3.
Organic base fee growth rate is calculated by dividing net new base fees earned on net asset inflows by the base fee run-rate at the beginning of the period.
2013 to 2015 information reflects accounting guidance prior to the adoption of the new revenue recognition standard. For further information, refer to Note 2, Significant Accounting Policies, in the consolidated financial statements
in our 2018 Form 10-K.
2018 to 2021 reflects recast financials for updated definition of operating income, as adjusted, operating margin, as adjusted, and net income attributable to BlackRock, Inc., as adjusted, to include adjustments related to
amortization of intangible assets, other acquisition-related costs, including compensation costs for non-recurring retention-related deferred compensation, and contingent consideration fair value adjustments incurred in
connection with certain acquisitions. For further information, please see pages 37-38 of our 2022 Form 10-K.
Slide 133 ...driving BlackRock stock outperformance over the long-term
1.
2.
Source: FactSet as of 3/31/2023. Total return assumes reinvestment of all dividends. Past performance is not indicative of future results.
Note: Large-Cap Traditional Peers refers to publicly traded large-cap asset managers (AB, AMG, BEN, IVZ and TROW).
BlackRock
136View entire presentation