Perella Weinberg Partners · NASDAQ:PWP
Perella Weinberg Partners — Q1 2026 Earnings Presentation
19 slides from Perella Weinberg Partners's earnings presentation, May 1, 2026
Slide 1: Investor Presentation May 2026
INVESTOR PRESENTATION May 2026
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
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
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
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 31% of Partners < 3 Years in Role 76 27 Average Years of Advisory Partners Experience Globally 41% of Partners 52 18 Average Years of Tenure at Internal Promotes Ave
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
Slide 7: Acquisition of Gleacher Shacklock: Long-Established, Diversified, Premier Advisor in The United Kingdom
Acquisition of Gleacher Shacklock: Long-Established, Diversified, Premier Advisor in The United Kingdom 30 Advisory Professionals 8 Senior Bankers(1) 23 Years of Brand Tenure ~$3.3B avg M&A deal size(2) BUILT WITH A REPUTATION FOR ADVISING CLIENTS ON HIGH-PROFILE, COMPLEX SITUATIONS M&A CAPABILITIES
Slide 8: Acquisition of Gleacher Shacklock: Premier European Corporates and Global Alternative Managers Rely on our Advice and Expertise
Acquisition of Gleacher Shacklock: Premier European Corporates and Global Alternative Managers Rely on our Advice and Expertise COMBINED FIRM STRENGTHENS AND BROADENS POSITION AS A LEADING, GLOBAL INDEPENDENT ADVISOR 8
Slide 9: Acquisition of Gleacher Shacklock: Highly Complementary, Significantly Expanding Presence in the UK and Continental Europe
Acquisition of Gleacher Shacklock: Highly Complementary, Significantly Expanding Presence in the UK and Continental Europe GLEACHER SHACKLOCK’S SUCCESSFUL BUSINESS MODEL… …ENHANCES PERELLA WEINBERG’S GLOBAL FRANCHISE LONG-TERM, TRUSTED ADVISORY RELATIONSHIPS IMMEDIATE SCALE IN UK M&A MARKET 70% OF T
Slide 10: 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 10
Slide 11: 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
Slide 12: Financial Overview
Financial Recent Overview financial results ADJUSTED NON-GAAP Q1 2026 LTM Q1 2026 Revenue $149M $688M YoY Delta (30)% (30)% Pre-Tax Income (Loss) $(3.3)M $57.8M EPS $0.05 $0.44 March 31, 2026 $78M Cash Balance Sheet No Debt 12
Slide 13: 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 > 30% of the Firm Maintain Strong, Asset Light Stock is a Significant 2 2 Balance Sheet Component of Compensation Senior Leadership Stock Return
Slide 14: Over $750 Million Returned to Equity Holders
Over $750 Recent Million financial Returned to Equity Holders results $282M Unit Exchanges Net Settlements Share Repurchases $163M Dividends $136M Distributions $67M $64M $47M 2021 2022 2023 2024 2025 2026 YTD Shares & Share 1.7M 10.6M 4.0M 14.5M 6.5M 2.7M Equivalents Retired Avg. Price $12.84 $7.40
Slide 15: 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 3.8 92.5 7.6 88.9 0.2 (5.6) 86.3 (3.0) 2.9 86.2 86.6 (5.3) (0.9) (14.1) 14.5 42.6 41.7 44.6 59.2 66.7 70.6 87.2 86.3 88.6 88.7 83.3 83.3 81.4 81.2 75.8 72.2 50.2 44.6 41.6 27.5
Slide 16: 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 $1B+ in to support strategic growth Strength of brand and client annual revenue,
Slide 17: Consolidated Income Statement (GAAP)
Consolidated Recent financialIncome results Statement (GAAP) ($ IN MILLIONS) Three Months Ended March 31, Year Ended December 31, 2026 2025 2025 2024 Revenues $ 148.9 $ 211.8 $ 750.9 $ 878.0 Expenses Compensation and benefits 91.3 123.0 425.6 525.9 Equity-based compensation 30.8 26.2 109.8 258.3 Tot
Slide 18: GAAP To Adjusted (Non-GAAP) Reconciliation
GAAP To Recent Adjusted financial (Non-GAAP) Reconciliation results ($ IN MILLIONS) Three Months Ended March 31, Year Ended December 31, 2026 2025 2025 2024 Revenues $ 148.9 $ 211.8 $ 750.9 $ 878.0 Compensation and benefits Total compensation and benefits - GAAP 122.1 149.2 535.4 784.2 Adjustments:
Slide 19: Recent GAAP to Adjusted (Non-GAAP) Results Notes
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 awards granted by PWP Professional Partners LP (the “Professional Partners Awards”), which we
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