Investor Highlights

Strong Operating Revenue Generation Significant scale provides stable platform through cycle $ in millions $3,000 2,750 2,500 2,250 $2,015 2,000 $2,755 $2,655 $2,546 $2,524 $2,340 $2,380 $2,344 $2,034 $1,979 $1,971 $1,884 1,506 1,388 1,357 1,750 $1,675 1,403 $1,618 1,207 1,280 $1,571 1,301 1,500 981 $1,358 1,121 992 1,049 1,241 1,250 1,024 990 1,000 973 865 750 1,240 1,242 1,120 500 1,024 1,083 1,159 1,031 1,111 835 883 882 717 250 548 629 596 464 2005 2006 2007 2008 LAZARD 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Asset Management Financial Advisory Corporate 13

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