Alliancebernstein Holding L.p. · NYSE:AB

Alliancebernstein Holding L.p — Alliance Capital Management — Q2 2002 Earnings Presentation

7 slides from Alliancebernstein Holding L.p's earnings presentation, Jul 24, 2002

  1. Slide 1: Net Distribution Expense

    Net Distribution Expense 2Q02 2Q01 % chg • Distribution Revenues $ $ -9 • Distribution Expenses Distribution Plan Payments -4 Amort. of Deferred Sales Comm. +5 - 1 • Net Distribution Expense $ (55 ) $ (44 ) +25 • Lower average AUM led decline in distribution revenues Alliance Capital Pre-tax Operati

  2. Slide 2: Resourced to Provide Superior Performance

    As of June 30, 2002 Resourced to Provide Superior Performance Equity Fixed Income Other Total Buy-Side Analysts – Sell-Side Analysts – – Portfolio Managers Traders Buy-Side – Floor – – Corporate Finance/Other – – TOTAL As of June 30, 2002 Includes investment professionals and analysts from joint ven

  3. Slide 3: Broad Range of Investment Disciplines

    Large-cap| Small a Value Mia-cap Large-cap 0 Mult-cap Globat! Value Emerging Markets Value Ingurance Portfolios Emerging Markets aap Municipals

  4. Slide 4: Delivering Superior Long-Term Investor Returns

    • 7.5 million accounts • 2,440 client relationships* • 19,000 client relationships • 1,000 client relationships • 140+ U.S. mutual funds • 43 of Fortune 100 companies • 12 client offices in U.S. • 48 senior analysts • 190+ non-U.S. mutual funds • Independent research • Public pension funds across 44

  5. Slide 5: Steady Flow of Cash Distributions

    *As of 6/30/02. AC and S&P returns include reinvestment of cash distributions and dividends, respectively. **Since IPO 4/88. Steady Flow of Cash Distributions

  6. Slide 6: Changes in AUM by Client

    Distributions per Unit are adjusted for two-for-one Unit split in 1998. 1 LTM yield based upon price of Alliance Holding Units as of 7/19/02. 2 Based on last twelve months ended 2Q97 and 2Q02. Changes in AUM by Client Three Months Ended June 30, 2002 Retail Institutional Investment Management Privat

  7. Slide 7: Retail AUM and Net Flows

    Excludes sales of unconsolidated affiliates. Amounts in $ millions. Retail AUM and Net Flows Quarters AUM 6/30/02 Net Flows 2Q02 Net Flows 2Q01 U.S. Based Mutual Funds $ 46,617 $ (1,111 ) $ Non-U.S. Based Mutual Funds: Luxembourg Funds 8,990 EPTA Funds 1,324 (1,300 ) (466 ) India Japan ITM 3,056 Oth

Alliance Capital Management — Q2 2002 Earnings Presentation on 6ix