Perella Weinberg Partners · NASDAQ:PWP
Perella Weinberg Partners — Investor Presentation (February 2026)
16 slides from Perella Weinberg Partners's investor presentation, February 2026
Slide 1: Investor Presentation February 2026
INVESTOR PRESENTATION February 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 Consume
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 77 27 Average Years of Advisory Partners Experience Globally 40% of Partners 52 Average Years of 18 Tenure at Internal Promotes Av
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: 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 7
Slide 8: Drivers of Shareholder Value Creation
Drivers DriversofofValue Creation Value Shareholder 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 9: Financial Overview
Recent financial Financial results Overview ADJUSTED NON - GAAP FY 2025 Q4 2025 Revenue $751M $219M YoY Delta (14)% (3)% Pre -Tax Income $82M $29M EPS $0.68 $0.17 December 31, 2025 ▪ $256M Cash Balance Sheet ▪ No Debt 9
Slide 10: 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 11: Approximately $695 Million Returned to Equity Holders
Recent financial results Approximately $695 Million Returned to Equity Holders $282M Unit Exchanges Net Settlements Share Repurchases $163M Dividends $136M Distributions $67M $47M 2021 2022 2023 2024 2025 Shares & Share 1.7M 10.6M 4.0M 14.5M 6.5 M Equivalents Retired Avg. Price $12.84 $7.40 $9.77 $1
Slide 12: 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 7.6 88.9 (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 87.2 86.3 83.3 83.3 81.4 81.2 75.8 72.2 50.2 44.6 41.6 27.5 22.1 12/31/2021 Net Net 12/
Slide 13: 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 $1B+ in to support strategic growth ▪ Strength of brand and client annual revenue,
Slide 14: Consolidated Income Statement (GAAP)
Recent financialIncome Consolidated results Statement (GAAP) ($ IN MILLIONS) Three Months Ended 12/31 , Year Ended December 31, 2025 2024 2025 2024 2023 Revenues $ 219.2 $ 225.7 $ 750.9 $ 878.0 $ 648.7 Expenses Compensation and benefits 133.6 133.3 425.6 525.9 426.6 Equity - based compensation 27.9
Slide 15: GAAP to Adjusted (Non-GAAP) Reconciliation
Recent GAAP Tofinancial results Adjusted (Non - GAAP) Reconciliation ($ IN MILLIONS) Three Months Ended 12/31 , Year Ended December 31, 2025 2024 2025 2024 2023 Revenues $ 219.2 $ 225. 7 $ 750.9 $ 878.0 $ 648.7 Compensation and benefits Total compensation and benefits - GAAP 161.5 156.1 535.4 784.2
Slide 16: 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 a business combination that closed on J
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