Perella Weinberg Partners · NASDAQ:PWP

Perella Weinberg Partners — Q2 2025 Earnings Presentation

18 slides from Perella Weinberg Partners's earnings presentation, Aug 1, 2025

  1. Slide 1: Investor Presentation

    INVESTOR PRESENTATION August 2025

  2. Slide 2: Notices & Disclaimers

    Notices & Disclaimers Disclaimers This document is “as is” and is based, in part, on information obtained from other sources. Our use of such information does not imply that we have independently verified or necessarily agree with any of such information, and we have assumed and relied upon the accu

  3. Slide 3: Perella Weinberg | Advisory-Focused Investment Bank

    PERELLA WEINBERG | Advisory-Focused Investment Bank ADVISORY PRODUCT EXPERTISE Mergers & Restructuring Financing & Capital Shareholder Engagement, Private Funds Acquisitions & Liability Management Markets Advisory Analytics, & Activism Advisory INDUSTRY COVERAGE Energy & Financial Services Consumer

  4. Slide 4: Clients Rely on our Advice and Expertise

    Clients Rely on our Advice and Expertise Financial advisor to Holcim in Exclusive financial advisor to Lead financial advisor to BlackRock connection with its planned Robert Bosch in connection with its in connection with its acquisitions separation of its North American acquisition of residential a

  5. Slide 5: Our Business is Positioned for Long-Term Revenue Growth

    Our Business is Positioned for Long-Term Revenue Growth Organic Broad Team With Experienced & & Inorganic Growth Long Runway Committed 27% of Partners < 3 Years in Role 70 26 Average Years of Advisory Partners Experience Globally 44% of Partners 51 18 Average Years of Tenure at Internal Promotes Ave

  6. Slide 6: Multiple Drivers of Revenue Growth

    Multiple Drivers of Revenue Growth Enter Open Spaces  Pursue new sectors and coverage  Expand range of advisory services Expand Into Grey Space  Add in adjacent sectors within core industries  Extend advisory capabilities  Leverage established Firm infrastructure Grow The Core  Strengthen team

  7. Slide 7: Devon Park Advisors | Premier GP-Led Secondaries Advisory Firm

    DEVON PARK ADVISORS | Premier GP-Led Secondaries Advisory Firm KEY STATS 2021 15 15+ $4.5BN+ FOUNDING EMPLOYEES TRANSACTIONS TRANSACTION VALUE (1 Partner / 2 MDs) LIQUIDITY FOCUSED ADVISORY SOLUTIONS GP-LED SECONDARIES GP ADVISORY FUND SECONDARIES  Single / Multi-Asset  GP Financing  LP Tender Of

  8. Slide 8: Devon Park Advisors | Expertise in GP-Led Secondaries, A Large and Fast-Growing Market

    DEVON PARK ADVISORS | Expertise in GP-Led Secondaries, A Large and Fast-Growing Market Secondaries Market Combined Business Outcome  Record volume in 2024; trailing 5-year Establishes our position with CAGR of +20% differentiated expertise in a  Strong market momentum as alternative large and fast

  9. Slide 9: Our Culture Attracts High Quality Clients and Talent

    Our Culture Attracts High Quality Clients and Talent ENTREPRENEURIAL SPIRIT WE VS. ME MENTALITY COLLABORATIVE HIGH INTENSITY + INTEGRITY OWNERSHIP MENTALITY INCLUSIVE PARTNERSHIP CULTURE AMBITIOUS + CONSCIENTIOUS 9

  10. Slide 10: Drivers of Shareholder Value Creation

    DriversofofValue Drivers Shareholder Creation Value REVENUE GROWTH EXPENSE MANAGEMENT Grow Partnership & Invest Responsibly & Client Coverage Footprint Strategically in Growth Expand Existing Partner Demonstrate Balanced Comp Productivity Discipline Expand Advisory Drive Operating Leverage via Servi

  11. Slide 11: Financial Overview

    Financial Recent Overview financial results ADJUSTED NON-GAAP Q2 2025 H1 2025 LTM Q2 2025 Revenue $155M $367M $871M YoY Growth -43% -2% 20% Pre-Tax Income $12M $33M $124M EPS $0.09 $0.38 $0.98 June 30, 2025  $145M Cash Balance Sheet  No Debt 11

  12. Slide 12: Prudent Capital Priorities and Strong Shareholder Alignment

    Prudent Capital Priorities and Strong Shareholder Alignment CAPITAL PRIORITIES SHAREHOLDER ALIGNMENT Partners and Employees 1 Invest in our Business 1 Own > 35% of the Firm Maintain Strong, Asset Light Stock is a Significant 2 2 Balance Sheet Component of Compensation Senior Leadership Stock Return

  13. Slide 13: Over $675 Million Returned to Equity Holders

    Over $675 Recent Million financial Returned to Equity Holders results $282M Unit Exchanges Net Settlements Share Repurchases Dividends $145M $136M Distributions $67M $47M 2021 2022 2023 2024 2025 YTD Shares & Share 1.7M 10.6M 4.0M 14.5M 6.1M Equivalents Retired Avg. Price $12.84 $7.40 $9.77 $16.51 $

  14. Slide 14: We Actively Manage Our Share Count

    We Actively Manage Our Share Count Class A Shares Partnership Units (SHARES / UNITS IN MILLIONS) Partnership Exchanges 92.8 (5.6) (0.9) 86.3 (3.0) 2.9 86.2 86.6 (2.5) 3.4 87.6 (14.1) 14.5 42.6 41.7 44.6 59.2 62.6 87.2 86.3 83.3 83.3 84.2 84.2 75.8 72.2 50.2 44.6 41.6 27.5 25.0 12/31/2021 Net Net 12/

  15. Slide 15: Compelling and Simple Investment Thesis

    Compelling and Simple Investment Thesis 1 2 3 Growing Substantial Cash Revenue Earnings Power Generation Model  Large addressable market  As platform drives toward  Business produces cash flow initial milestone of $1B+ in to support strategic growth  Strength of brand and client annual revenue,

  16. Slide 16: Consolidated Income Statement (GAAP)

    Consolidated Recent financialIncome results Statement (GAAP) ($ IN MILLIONS) Three Months Ended Six Months Ended Year Ended December 31, June 30, June 30, 2025 2024 2025 2024 2024 2023 Revenues $ 155.3 $ 272.0 $ 367.1 $ 374.1 $ 878.0 $ 648.7 Expenses Compensation and benefits 80.3 150.0 203.3 218.6

  17. Slide 17: GAAP To Adjusted (Non-GAAP) Reconciliation

    GAAP To Recent Adjusted financial (Non-GAAP) Reconciliation results ($ IN MILLIONS) Three Months Ended Six Months Ended Year Ended December 31, June 30, June 30, 2025 2024 2025 2024 2024 2023 Revenues $ 155.3 $ 272.0 $ 367.1 $ 374.1 $ 878.0 $ 648.7 Compensation and benefits Total compensation and be

  18. Slide 18: Notes to GAAP Reconciliation of Adjusted (Non-GAAP) Results

    Recenttofinancial Notes GAAP Reconciliation results of Adjusted (Non-GAAP) Results (1) Equity-based compensation not dilutive to investors in PWP or PWP Holdings LP (“PWP OpCo”) includes the amortization of legacy awards granted to certain partners prior to the business combination that closed on Ju

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