BGC PARTNERS, INC. NASDAQ: BGCP EARNINGS PRESENTATION 1Q 2023 T bgc DISCLAIMER 2 2 22 DISCUSSION OF FORWARD-LOOKING STATEMENTS ABOUT BGC Statements in this document regarding BGC that are not historical facts are "forward-looking statements" that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the effects of the COVID-19 pandemic on the Company's business, results, financial position, liquidity ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K _______________________________________________ FOR ANNUALAND TRANSITION REPORTS PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition perio ...

Financial Performance Highlights - BGC's Q4 2022 revenues (excluding Insurance) reached $436.5 million, a decrease of 1.2% year-over-year, but increased by 1.9% on a constant currency basis[7] - Full year 2022 revenues (excluding Insurance) were $1.7953 billion, down 2.3% compared to 2021, but up 1.4% on a constant currency basis[7] - Adjusted EBITDA for Q4 2022 was $124 million, a decrease of 46.2% year-over-year[7] - Full year 2022 Adjusted EBITDA was $486.2 million, a decrease of 17.4% compared to 2021[7] - Post-tax Adjusted Earnings per share for FY 2022 increased by 6.2% to $0.69[7] FENICS Business Overview - FENICS revenue for FY 2022 was $449 million, representing 25% of BGC's overall revenue (excluding Insurance), with a CAGR of 21% from 2014 to 2022[21] - FENICS Markets revenue for FY 2022 was $397 million, up 11% year-over-year (up 17% in constant currency)[23] - FENICS Growth Platforms revenue for FY 2022 was $53 million, up 16% year-over-year (up 18% in constant currency)[23] - FENICS' operating strategy focuses on converting voice/hybrid business into higher-margin technology-driven FENICS revenue and continuing to grow and scale BGC's FENICS Growth Platforms[21] Q1 2023 Outlook - First quarter-to-date 2023 revenue performance shows growth across all asset classes, with FENICS growth accelerating[9] - BGC's revenue outlook for Q1 2023 is approximately $10 million higher on a Constant Currency basis[11] - BGC expects to update its quarterly outlook towards the end of March 2023[11] Capital Structure and Credit Profile - BGC has a strong balance sheet and liquidity, providing financial flexibility[48] - Total liquidity as of December 31, 2022, was $524.308 million[47] - BGC maintains an investment-grade credit rating from Fitch, S&P, Kroll Bond Rating Agency, and Japanese Credit Rating Agency (JCR)[48]

BGC Partners, Inc. (BGCP) Q4 2022 Earnings Conference Call February 27, 2023 10:00 AM ET Company Participants Jason Chryssicas - Head of IR Howard Lutnick - Chairman of the Board & CEO Jason Hauf - CFO Sean Windeatt - Chief Operating Officer Conference Call Participants Gautam Sawant - Credit Suisse Rich Repetto - Piper Sandler Operator Welcome to BGC Partners Incorporated Fourth Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker presentation, ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________________________ Class A Common Stock, $0.01 par value BGCP The Nasdaq Stock Market, LLC FORM 10-Q _________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | |--------- ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________________________ Class A Common Stock, $0.01 par value BGCP The Nasdaq Stock Market, LLC FORM 10-Q _________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | |-------------- ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________________________ Class A Common Stock, $0.01 par value BGCP The Nasdaq Stock Market, LLC FORM 10-Q _________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | |------------- ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________________________ Class A Common Stock, $0.01 par value BGCP The Nasdaq Stock Market, LLC FORM 10-Q _________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | |--------- ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________________________ Class A Common Stock, $0.01 par value BGCP The Nasdaq Stock Market, LLC FORM 10-Q _________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | |-------------- ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | |-----------------------------------------------------------------------------------------------|-----------------------------------------------------| | | | | Commission File Numbers: 0 ...