Lazard Investor Presentation Deck

Strong Balance Sheet and Liquidity Optimal capital structure with flexibility to navigate varying market environments Investment Grade Capital Structure ● ● ● INVESTOR PRESENTATION ● ● Senior notes - $1.7 billion Nearest maturity 2025 No traditional financial covenants Weighted average coupon -4.13% Strong Liquidity Profile Current cash and cash equivalents - $653 million Undrawn credit facility - $200 million LAZARD Balanced Debt Profile with Long-term Maturities ($ in millions) $200 $653 2023 2024 Senior notes Fitch Investment Grade Credit Ratings S&P Moody's $400 As of September 30, 2023 $300 2026 2025 Cash & cash equivalents 2027 3 ||| $500 2028 Undrawn revolver BBB+ Stable BBB+ Stable FINANCIAL STRATEGY Baa3 Stable $500 2029 31

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