Lazard Investor Presentation Deck
INVESTOR PRESENTATION
Significant Cash Generation
Capital return to shareholders in addition to offsetting dilution from equity compensation
$M
$1,200
$1,000
$800
$600
$400
$200
$-
LAZARD
$692
$261
$95
$151
$186
2016
$410
Dividends
$716
$273
$102
$146
$195
2017
$501
Special dividends
$1,023
$268
$396
$154
$206
2018
$539
$850
$253
$341
$55
$200
2019
$385
$365
$168
$197
2020
$410
1
$670
$234
$240
$196
2021
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3
$576
FINANCIAL STRATEGY
$936
As of December 31, for each year
1. Estimated based on annual amortization expense for share-based incentive plans within the Company's annual consolidated statements of operations
$241
$513
$182
2022
$384
Shares repurchased Shares repurchased to offset dilution Net income, as adjusted
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