Slide 1: Q2 2017 Earnings Release Supplement
Q2 2017 Earnings Earnings Release Supplement July 17, 2017 Exhibit 99.2 7/13/2017 10:27 AM BlackRock
Slide 2: A broadly diversified business across clients, products and geographies
A broadly diversified business across clients, products and geographies Q2 2017 Total Base Fees of $2.675 billion Assets Under Management of $5.689 trillion at June 30, 2017 Note: Base Fees and AUM by region data is based on client domicile. 1 Equity 53% 51% 62% 32% 28% 48% 64% 65% Institutional Act
Slide 3: Long-term net flows
2% 5% 7% 4% 4% 4% 3% 3% Long-term net flows ($ in billions) Total Long-Term Retail iShares ETFs Institutional LTM organic asset growth rate (%) LTM organic base fee growth rate (%) 4% 10% 10% 7% 4% 1% 0% (2)% (1)% 11% 12% 13% 11% 11% 15% 13% 16% 1% 1% (1)% (1)% 0% 0% 2% 2% Note: LTM organic asset gr
Slide 4: Profitability
Profitability ($ in millions, except per share data) Net Income and EPS, as adjusted Operating Income and Margin, as adjusted For further information and reconciliations between GAAP and as adjusted, see page 9 of this earnings release supplement, notes (1) through (3) in the current earnings releas
Slide 5: Capital management
Capital management (amounts in millions, except per share data) Amounts above exclude repurchases of employee tax withholdings related to employee stock transactions. GAAP Dividend Payout Ratio = Dividends declared / GAAP net income. Total GAAP Payout Ratio = (Dividends declared + share repurchases)
Slide 6: Major market indices and exchange rates
Major market indices and exchange rates 5 Source: Bloomberg (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 benchma
Slide 7: Quarterly revenue
Quarterly revenue Q2 2017 Compared to Q2 2016 $161 million Total Revenue Q2 2017 Compared to Q1 2017 $141 million Percentage Change Year-over-Year Sequential Base Fees ex. SL 8% 5% Securities lending 3% 11% Performance fees (35)% (31)% Technology and risk management revenue 12% 4% Distribution fees
Slide 8: Quarterly investment advisory, administration fees and securities lending revenue
Quarterly investment advisory, administration fees and securities lending revenue Q2 2017 Compared to Q2 2016 Investment advisory, administration fees and securities lending revenue $186 million Q2 2017 Compared to Q1 2017 $145 million Q2 2017: $2,675 million Q2 2016 $2,489 million Q1 2017: $2,530 m
Slide 9: Quarterly expense
Quarterly expense Expense, as adjusted, by category Q2 2017 Compared to Q2 2016, as adjusted Expense, as adjusted, includes non-GAAP adjustments related to PNC LTIP funding obligation of $4 million in the second quarter of 2017, $6 million in second quarter of 2016 and $4 million in the first quarte
Slide 10: Reconciliation between GAAP and as adjusted
Reconciliation between GAAP and as adjusted ($ in millions) Non-GAAP adjustments include amounts related to a restructuring charge, PNC LTIP funding obligation, compensation related to appreciation (depreciation) on certain deferred compensation plans and noncash income tax matters, as applicable. F
Slide 11: Important Notes
Important Notes This presentation, and other statements that BlackRock may make, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to BlackRock’s future financial or business performance, strategies or expectations. Forward-lookin