BlackRock Investor Conference Presentation Deck
Delivering on our shareholder value framework
Organic Growth
4%
asset
5%
base fee
9/30/13-9/30/18
Operating Leverage
41.3%
LTM
9/30/13
44.6%
+330
BPS
LTM
9/30/18
Capital Management
$5.7 billion shares
repurchased
(6%) share count
reduction
$6.72
$12.52
+13%
CAGR
2013
Dividend
IR1218U-683415-2109255
2H18
Annualized
Dividend
Note: Organic asset growth rate calculated by dividing LTM net asset inflows ov er beginning of period assets. Organic base fee grow th rate calculated by dividing net new base fees earned on net asset
inflows for the last twelve month by the base fee run-rate at the beginning of the period.
Operating leverage reflects "operating margin" as adjusted. LTM 9/30/13 represents 9/30/12 - 9/30/13 operating leverage information and does not reflect the recast related to the adoption of the
new revenue recognition standard. LTM 9/30/18 represents 9/30/17 - 9/30/18 operating leverage information and reflects recast related to the adoption of new revenue recognition standard. For
further information, refer to the Current Report on Form 8-K furnished on March 22, 2018 as well as BlackRock's previously filed Form 10-K. For reconciliation between GAAP and as adjusted, see the
previously filed Forms 10-K, 10-Q and 8-K and the appendix of this presentation.
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