Moelis & Company · NYSE:MC
Moelis & — Q1 2026 Earnings Presentation
22 slides from Moelis &'s earnings presentation, Apr 29, 2026
Slide 1: Investor Presentation
Confidential Investor Presentation April 2026
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation contains forward-looking statements, which reflect the Firm’s current views with respect to, among other things, its operations and financial performance. You can identify these forward-looking statements by the use of words such as “outlook,” “believes,”
Slide 3: Why Moelis?
Why Moelis? Differentiated advice: world-class independent and uncompromised advice focused on long-term clients Leading Global Integrated platform: comprehensive coverage across advisory products (M&A, Capital Structure Advisory, Independent Capital Markets, and Private Capital Advisory) and deep e
Slide 4: Moelis is a leading global advisory-focused independent investment bank
Moelis is a leading global advisory-focused independent investment bank Financial Highlights Business Highlights Talent Highlights 23 $1,530mm Locations globally 179 LTM Q1 2026 Revenue1 Managing Directors Global reach advising clients in 45+ countries across the globe Collaboration across 195% • M&
Slide 5: Integrated advisory platform
Integrated advisory platform One Firm culture that reinforces team-oriented collaboration across products, industries and geographies • M&A and Strategic Advisory Product expertise • Capital Structure Advisory • Capital Markets • Private Capital Advisory • Technology • Media & Telecommunications • H
Slide 6: Extensive network serving clients across the globe
Extensive network serving clients across the globe Globally integrated platform valuable to clients and difficult to replicate • Amsterdam • Frankfurt Europe • London • Paris Middle North East & America Asia • Boston • Beijing • Chicago • Dubai • Houston • Hong Kong • Los Angeles • Mumbai • New York
Slide 7: Business Services
Provide world-class advice across major industries and sub- sectors to corporates, sponsors and sovereign wealth funds Indu logy stri als chno Te E ne rg y gy hn n olo Tec Clea Pow er Business Services Professional ServicesServices Residential & Consumer & Human Capital Mgmt. BioTech BioTech thcare
Slide 8: Premier brand for world class advice
Premier brand for world class advice Advising our clients on their most complex and strategic financial decisions Marquee clients across all products and sectors Award-winning franchises M&A Capital Structure Advisory Best Bank Deals in the of the Middle East Year $9.3bn $63bn Recapitalization to a
Slide 9: M&A: premier global franchise with depth and breadth across industries, geographies and areas of expertise
Deals of the Year M&A: premier global franchise with depth and breadth 2024 across industries, geographies and areas of expertise Key highlights • Global execution capabilities across industries • Exclusive sales franchise with a strong track record in achieving maximum value for clients in their sa
Slide 10: Capital Structure Advisory: developing tailored solutions to optimize capital structures and liquidity for our clients
2026 Turnaround Capital Structure Advisory: developing tailored solutions to Awards optimize capital structures and liquidity for our clients 300+ Completed Engagements $1.0T Liabilities Restructured 60% Company-Side Engagements 50% Completed Out-of-Court Represented companies, owners, Restructured
Slide 11: Capital Markets: integrated approach across all disciplines, both public and private, debt and equity
Investment Capital Markets: integrated approach across all disciplines, Bank of the Year for Private both public and private, debt and equity Placements 2020 Execution-based, product agnostic approach allows Moelis to objectively review strategic and capital markets alternatives providing optimal re
Slide 12: Private Capital Advisory: raising capital and providing strategic advice to sponsors globally
Private Capital Advisory: raising capital and providing strategic advice to sponsors globally Private Capital Advisory at a glance Global, integrated team 20+$75bn+ Average years of Private Capital 1,500+ Global LP experience per MD1 Advised1 relationships Providing advice and sourcing capital acros
Slide 13: Sponsors: substantial connectivity and deep relationships built over multiple decades
Deals Sponsors: substantial connectivity and deep relationships of the Year 2022 built over multiple decades Expanding capabilities to further integrate across sector relationships and product capabilities Comprehensive capabilities across the sponsor ecosystem Track record of success Pending Pendin
Slide 14: Delivering comprehensive solutions to our clients through our partnership culture
Delivering comprehensive solutions to our clients through our partnership culture November 2025 October 2025 $9.2bn Debt restructuring and Strategic investment from Products $7.2bn Sale in Chapter 11 Exclusive Investment Banker Financial Advisor ✓ Oil & Gas ✓ Healthcare ✓ Clean Tech ✓ M&A ✓ FIG & Ri
Slide 15: Growth driven by internal promotion and targeted hiring in key sectors, products and regions
Growth driven by internal promotion and targeted hiring in key sectors, products and regions Managing director headcount 1 16 1 1 1 1 1 1 6 Recent managing director expansion Sector Product Regional 52 sector MD additions 28 product MD additions 8 regional coverage additions • Technology (20) • Powe
Slide 16: Investments in expanded coverage through targeted hiring
Investments in expanded coverage through targeted hiringAddand client logo internal promotion in key global fee pool sectors Global M&A fee pool (2021 – 2025) Recent sector MD additions1 $ in billions n . 20 n .1 8 n .6 12 . 8 .6 - n 1 .1 1 n 1 . 1 . 1 . 1 n n 6.6 - 52 Source: Dealogic, 2021 – 2025
Slide 17: Executing on our organic growth strategy
Add client logo Executing on our organic growth strategy Strong track record of organic revenue growth with a focus on high pre-tax margins through-the-cycle Revenues1 ($ in millions) 1 1 1 1 11 6 6 61 1 1 1 16 1 1 1 1 Pre-tax margins1,2 . 1.1 .6 6.1 . 6. . 1.6 1 . 16. . . 1 1 16 1 1 1 1 Source: Pub
Slide 18: Commitment to our shareholders
Commitment to our shareholders Capital-light business model provides strong capital returns ~$3.2bn $353.7mm of capital returned to Cash and liquid investments shareholders since IPO1 as of March 31, 2026 Capital return Strong balance sheet ✓ Continue to invest in the long-term ✓ Strong, asset light
Slide 19: Strong cash generation and capital return profile
Strong cash generation and capital return profile Committed to returning our excess cash through dividends and share repurchases Capital returns since IPO1 Capital Returned % of GAAP Net Income2 268% 92% 101% 194% 150% 169% 126% 137% 190% N/M 133% 110% 1 11 1 6 6 1 1 1 16 1 11 1 1 1 111 6 11 1 1 1 1
Slide 20: Leading shareholder returns since IPO in 2014
Add client logo Leading shareholder returns since IPO in 2014 Strong outperformance against major benchmarks and peers Indexed Total Shareholder Return Moelis 407% Boutique Peers 383% S&P 500 333% S&P 500 Financials 1 253% 1 1 16 n1 n 1 6 1 n n Source: S&P CapIQ between 4/16/14 and 3/31/2026; rebase
Slide 21: Appendix
Appendix Confidential | 20
Slide 22: Reconciliation of GAAP to adjusted (non-GAAP) financials
Reconciliation of GAAP to adjusted (non-GAAP) financials Three Months Ended March 31, 2026 Adjusted ($ in thousands) U.S. GAAP Adjustments (non-GAAP) Revenues $319,780 - $319,780 Expenses Compensation and benefits $210,415 - $210,415 Non-compensation expenses (1) $68,869 (1,683) $67,186 Total operat