BlackRock Investor Conference Presentation Deck
Performance from 12/31/12
120%
100%
80%
60%
40%
20%
0%
-20%
-40%
-60%
...beta / FX divergence headwinds...
12/31/12
12/31/14
koy
+94%
+23%
-6%
12/31/16 11/30/18
-S&P 500 -MSCI EM (USD) -BLK Equity Index
Note: Market data as of November 30, 2018 in USD
1
BLK Equity Benchmark
US
World
Other
Subtotal 25 bps
Europe
Emerging Markets
Asia
Commodities
Subtotal 25 bps
Total Equity
% of EQ
Avg. AUM
52%
26%
7%
85%
5%
6%
3%
1%
15%
100%
3Q'18
% of EQ
Base Fees
37%
21%
7%
64%
11%
12%
8%
4%
36%
100%
Eff.
Bps 2
12
13
17
13
39
35
50
85
42
17
Market Perf
12/31/12 -
11/30/18
IR1218U-683415-2109255
3
94%
53%
8%
(6%)
28%
(14%)
1 Revenue weighted composite index calculated by BlackRock to approximate the impact of market fluctuations on BlackRock's equity base fees. The index is derived from publicly available
market indices that represent applicable AUM benchmarks for each equity portfolio, as selected by BlackRock. The market impact information for each equity portfolio used to calculate the
index may be substantially different from that shown. Index does not include portfolios that do not have an applicable market index. Index does not reflect BlackRock's investment
performance, and is not indicative of past or future results.
2 Effective basis points calculated by dividing base fees including securities lending by average AU M.
3 Equity benchmark market performance since 12/31/12 for US, World, Europe, Emerging Markets, Asia and Commodities represents performance in USD for S&P 500, MSCI World, MSCI Europe,
MSCI EM, MSCI AC Asia and S&P Global Natural Resources, respectively.
7View entire presentation