Evercore Business and Financial Overview
Meaningful Long-Term Revenue, EPS Growth, Margin Expansion, and Capital
Return
Adjusted Net Revenues¹ ($ in millions)
Adjusted EPS1,2
$3,500
$3,000
$3,317
$20.00
$17.50
$18.00
$2,786
$16.00
$2,500
$2,327
$14.00
$12.01
$2,083
$2,033
$12.00
$2,000
$9.62
$10.00
$9.01
$7.70
$1,500
$8.00
$6.00
$1,000
$4.00
$500
$2.00
$0.00
$0
2018
2019
2020
2021
2022
2018
2019
2020
2021
2022
Adjusted Operating Margins¹
35%
28.4%
27.5%
28%
24.5%
21%
14%
7%
0%
2018
1.
2.
3.
2019
2020
34.3%
2021
Capital Return ($ in millions)³
$900
$750
$852
$655
25.9%
$600
$721
$450
$376
$392
$520
$265
$300
$290
$283
$147
$150
$87
$109
$119
$132
$135
$0
2022
2018
2019
2020
2021
2022
■Dividends / Distributions
■Share Repurchases
Net Revenues, EPS and Operating Margins for all periods reflect Adjusted figures on a gross basis as described in the Q4 2022 earnings release. A reconciliation to the corresponding GAAP figures is available in Appendix at the end of this presentation
Adjusted EPS includes a benefit to Net Income of approximately $20.2 million for FY 2022, $19.5 million for FY 2021, $13.2 million for 2019, and $24.2 million for FY 2018, respectively, and includes an expense of approximately $0.02 million for 2020 from the
application of the new accounting standard for income taxes related to share-based compensation
Includes dividends to Class A shareholders and equivalent amounts distributed to holders of LP units, and excludes consideration received, net of tax, from the sale of the ETC Institutional Trust and Independent Fiduciary business in FY 2017. Totals may not
add due to rounding
EVERCORE
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