BlackRock Investor Conference Presentation Deck
Results over the last 5 years
Organic Growth
4%
organic
asset
growth
5%
organic
base fee
growth
6/30/136/30/18
Operating Leverage
41.2%
6/30/12 -
6/30/13
+360
BPS
44.8%
6/30/17 -
6/30/18
Capital Management
$5.5 billion repurchased
(6%) share count reduction
Note: Organic asset growth rate calculated by dividing net asset inflows over beginning of period assets.
Organic base fee growth rate calculated by dividing net new base fees earned on net asset inflows by the base fee run-rate at the beginning of the period.
Operating leverage is "operating margin, as adjusted"
6/30/136/30/18
6/20/12-6/20/13 operating leverage information does not reflect the recast related to the adoption of the new revenue recognition standard. 6/30/17 - 6/30/18 operating leverage information 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 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.
BLACKROCK*
BI10918U-599462-1868978
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