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Corporate Presentation November 13Th, 2020

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Corporate Presentation November 13Th, 2020 Corporate Presentation November 13th, 2020 This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which reflect our current views with respect to, among other things, Evercore’s operations and financial performance. In some cases, you can identify these forward-looking statements by the use of words such as "outlook," "backlog," "believes," "expects," "potential," "probable," "continues," "may," "will," "should," "seeks," "approximately," "predicts," "intends," "plans," "estimates," "anticipates" or the negative version of these words or other comparable words. All statements, other than statements of historical fact, included in this presentation are forward-looking statements, including with respect to the worldwide COVID-19 pandemic, and are based on various underlying assumptions and expectations and are subject to known and unknown risks, uncertainties and assumptions, and may include projections of our future financial performance based on our growth strategies and anticipated trends in Evercore's business. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. Evercore believes these factors include, but are not limited to, those described under "Risk Factors" discussed in Evercore's Annual Report on Form 10-K for the year ended December 31, 2019, subsequent quarterly reports on Form 10-Q, current reports on Form 8-K and Registration Statements. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this presentation, including those statements herein with respect to the adverse impact that the COVID-19 pandemic has had, and may continue to have, on our business. In addition, new risks and uncertainties emerge from time to time, and it is not possible for Evercore to predict all risks and uncertainties, nor can Evercore assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Accordingly, you should not rely upon forward-looking statements as a prediction of actual results and Evercore does not assume any responsibility for the accuracy or completeness of any of these forward-looking statements. Evercore undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise. Throughout this presentation certain information is presented on an Adjusted basis, which is a non-GAAP measure. Adjusted results begin with information prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”), and then those results are adjusted to exclude certain items and reflect the conversion of vested and unvested Evercore LP Units and Interests into Class A shares. Evercore believes that the disclosed Adjusted measures and any adjustments thereto, when presented in conjunction with comparable U.S. GAAP measures, are useful to investors to compare Evercore’s results across several periods and facilitate an understanding of Evercore’s operating results. Evercore uses these measures to evaluate its operating performance, as well as the performance of individual employees. These measures should not be considered a substitute for, or superior to, measures of financial performance prepared in accordance with U.S. GAAP. A reconciliation of each non-GAAP figure to the corresponding GAAP figure is available in Appendix III at the end of this presentation. Please note this presentation is available at www.evercore.com. Our Goal To help our clients meet their strategic and financial objectives, thus becoming the most respected independent investment banking advisory firm in the world – both in quality and in scale Our Priorities We are deeply committed to developing long-term, trusted Clients relationships with our clients and to helping our clients achieve superior strategic and financial results We maintain an unwavering commitment to our core values and to attracting, developing, training, mentoring and promoting a diverse People team of our most talented professionals, in order to build a truly self- sustaining firm We relentlessly focus on growth in revenues and operating earnings Shareholders over the long term and returning a significant portion of our earnings to our shareholders, all within a responsible governance framework 1 Addressing a Changing Environment The Market Environment Leading Up To and During the COVID-19 Pandemic Initial market uncertainty at the beginning of the COVID-19 pandemic was accompanied by: A significant decline in announced M&A volumes in April and May, followed by a meaningful increase over the last several months Numerous ratings downgrades and a rising default rate that has remained elevated An initial sharp decline in leveraged finance issuance, followed by an uptick in the second and third quarters An initial decline in equity issuance, followed by a surge in activity in May and June and lower, but still elevated levels in the third quarter After a quarter of muted M&A activity, a recovery has started to emerge: Equity markets are currently strong for many sectors, access to financing and readily available credit remains, CEO confidence is trending upwards and there has been greater stability in the markets Global Announced M&A Volume ($ Billions) Leveraged Loan Index Default Rate1 $465 4.5% $525 4.2% $312 $350 $322 $306 $331 $331 $285 3.0% $269 $231 $176 $175 $104 $126 1.5% $ - 0.0% U.S. Leverage Finance Issuance ($ Billions)2 U.S. Equity Issuance ($ Billions) $150 $120 $90 $120 $75 $100 $93 $100 $38 $75 $80 $77 $42 $67 $62 $59 $63 $60 $43 $37 $40 $19 $44 $47 $28 $24 $50 $37 $30 $53 $40 $14 $16 $21 $20 $81 $20 $37 $44 $11 $7 $58 $26 $46 $30 $25 $32 $4$22 $19 $41 $22 $ - $15 $17 $ - Leveraged Loans High Yield Source: M&A data sourced from Refinitiv as of 9/30/2020; default rates and leveraged finance issuance sourced from LCD credit research; equity issuance data sourced from Dealogic. 1. Represents leveraged loan index default rates. Actual default rate represents LTM $ of defaults / total outstanding 2. Includes high yield issuance and leveraged loan issuance 2 Leveraging Our Broad Capabilities to Meet Our Clients’ Evolving Needs Many clients initially shifted their focus to liquidity and balance sheet issues and away from strategic M&A transactions, though we are now seeing increased dialogue and activity around strategic matters and financial sponsor activity We are leveraging our broad capabilities to meet our clients’ evolving needs, throughout the initial disruption, as well as through the stabilization period and the eventual recovery Our expanded footprint offers revenue opportunities with corporates and financial sponsors throughout the life cycle of the economic disruption and positions us to continue to gain long term market share Evercore Fee Opportunity – Sector Driven Key Strategic and Sponsor Opportunities Disruption Stabilization Recovery Liquidity (Public / Private-Equity, Converts, Debt) Covenant Relief Capital / Management Near Term Debt Maturity Management (Debtor, Creditor) Advisory Recapitalization (Public / Private-Equity, Converts) Restructuring / Long Term Leverage Management (In court, out of court) BalanceSheet (Debtor, Creditor) Activist and Raid Defense Proxy and Shareholder Communications Strategic Advisory Shareholder Distressed M&A Key Criteria . CEO Confidence Proactive M&A . Access to debt M&A financing . Stable Equity Strategic / Financial M&A Markets 3 Significant Opportunities for Revenue Recovery and Long-Term Growth Near and Medium-Term Revenue Recovery Opportunities Long-Term Growth Opportunities Recovery in productivity combined with footprint Significant opportunities remain in both sector and expansion and the development of ramping SMDs geographic coverage, as well as capabilities, including: provide a near-term revenue recovery opportunity TMT, Consumer, Financial Sponsors, large cap multi- nationals and Europe M&A recovery Productivity Number of sizable companies4 is significantly higher than Recovery Broadest capabilities of the current coverage capacity of an Evercore SMD independent advisors ~10,000 84 Sizeable Companies4 in Evercore Sector the U.S. and Europe Focused Advisory SMDs5 "Seasoned" Advisory SMDs1 Footprint 9/2017 9/2018 9/2019 9/20202 Expansion 68 69 76 84 ~119 Sizeable Companies per Evercore SMD (2x – 3x typical Evercore Advisory SMD coverage footprint) "Ramping" Advisory SMDs3 “Ramping” Advisory 9/2017 9/2018 9/2019 9/2020 SMDs 17 26 30 25 Opportunity to add talent in under penetrated sectors, geographies and capabilities 1. “Seasoned” defined as Advisory SMDs with more than 2 years on the Evercore platform 2. Seasoned Advisory SMD count is shown pro forma for the announced realignment 3. “Ramping” defined as Advisory SMDs with less than 2 years on the Evercore platform 4. Per FactSet and defined as US and Europe public companies with market cap >$500 million and private companies with revenue >$300 million. Private companies exclude holding companies, JVs and subsidiaries 5. Excludes SMDs in capabilities outside of strategic M&A. SMD count is shown as of September 30, 2020 and is pro forma for the announced
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