Investing in Strategic Growth Drivers and Accelerators

Successful execution of our financial framework Organic growth 5% organic asset growth¹ 5% organic base fee growth² 1/1/16 - 12/31/20 IRH0621U/M-1675207-1/171 Operating leverage³ 42.9% 44.9% Capital management $7.1 billion shares repurchased (8)% share count reduction $8.72 $14.52 +200 bps 2015 2020 11% CAGR 2015 Dividend 2020 Dividend Note: Operating Leverage represents as adjusted operating margin. For reconciliation between GAAP and as adjusted, see the previously filed Forms 10-K, 10-Q and 8-K and the appendix to this presentation on slides 146-147. For footnoted information, refer to slides 140-141. BlackRock 123

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