Financial Data and Key Metrics Changes - The company reported revenues of $373 million for Q1 2022, a 77% increase from the previous year, marking the best performance for what is typically the seasonally lowest quarter [7][8] - Adjusted earnings per share were $1.19, up 112% from last year [9] - Adjusted compensation expenses were $229 million, compared to $132 million in the same period last year, resulting in an adjusted compensation expense ratio of 61.5% [24] Business Line Data and Key Metrics Changes - Corporate Finance revenues were $210 million, up 139% year-over-year, with 84 transactions closed compared to 35 in the same period last year [21] - Financial Restructuring revenues were $99 million, an 11% increase from last year, with 24 transactions closed compared to 29 in the same period last year [22] - Financial and Valuation Advisory (FVA) revenues were $64 million, an 85% increase from the same period last year, with 820 fee events compared to 512 in the same period last year [23] Market Data and Key Metrics Changes - The Corporate Finance business benefited from a historically strong market, with improved metrics across nearly every industry sector and geography [10] - The Financial Restructuring business is now operating at pre-pandemic activity levels, with expectations for solid but lower revenues for the remainder of fiscal 2022 [12] Company Strategy and Development Direction - The company announced a tender offer to acquire GCA Corporation for approximately $591 million, which is expected to enhance its presence in technology and related sectors [14][15] - The acquisition is anticipated to increase the combined firm's revenues to over $1.8 billion annually, with a significant portion of revenues coming from outside the United States [16] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism regarding the medium and long-term outlook for the Financial Restructuring business due to increasing corporate leverage and ongoing disruptions from technology [12] - The company aims to leverage the acquisition of GCA to enhance its capabilities in technology and improve its overall growth profile [64] Other Important Information - The company has approximately $830 million in unrestricted cash and equivalents, and it repurchased 1.4 million shares at an average price of approximately $76.04 per share [29] - The adjusted effective tax rate for the quarter was 26.7%, with expectations to remain closer to the lower end of the long-term target range of 27% to 29% for fiscal 2022 [28] Q&A Session Summary Question: Growth outlook for GCA - Management indicated that GCA's performance has been similar to other investment banking firms, with a strong year in 2021 following a volatile 2020 due to the pandemic [34] Question: Synergies from the GCA acquisition - Management believes the acquisition will create revenue synergies by combining different client bases and experiences, enhancing geographical reach and industry expertise [36] Question: Restructuring outlook and revenue guidance - Management confirmed that restructuring activity is consistent with pre-pandemic levels and reiterated that previous guidance remains unchanged [40] Question: Impact of GCA on revenue mix and cyclicality - Management acknowledged that while GCA adds more corporate finance activity, it also provides opportunities for growth in restructuring and valuation services [44][46] Question: Due diligence process for GCA acquisition - Management noted that they conducted extensive remote due diligence due to travel restrictions, leveraging existing relationships with key personnel at GCA [53] Question: Competitive dynamics in middle market M&A - Management stated that the competitive landscape has not significantly changed, with the market being robust and offering more opportunities for all firms [71]

Financial Performance & Growth - Houlihan Lokey's revenue has shown strong growth, with a 17% compound annual growth rate (CAGR) from fiscal year 2016 to 2021[57] - The company's adjusted pre-tax margin has been consistently strong, reaching 28.4% in 2021[16] - In CY 2020, Houlihan Lokey raised approximately $9 billion across 52 transactions in capital markets[43] - For the three months ended June 30, 2021, revenues reached $372.722 million[67] Business Segments - Corporate Finance accounted for 55% of the company's revenue, Financial Restructuring 32%, and Financial and Valuation Advisory 13% based on revenues for the last twelve months (LTM) ended June 30, 2021[28] - Corporate Finance's LTM 6/30/21 revenues were $925 million, Financial Restructuring's were $545 million, and Financial and Valuation Advisory's were $217 million[36] - The company served over 1,000 clients annually[7, 26] Market Position - Houlihan Lokey is a top U S M&A advisor, ranking number one by the number of U S M&A deals in CY 2020 with 210 deals[20] - The company is also a top global restructuring advisor, leading in global distressed debt and bankruptcy restructuring deals in CY 2020 with 106 deals[23] - Houlihan Lokey is the number one global M&A fairness opinion advisor over the past 20 years[24] Employee & Culture - The average tenure of the management team is 32 years[7, 11, 18] - More than 68% of Managing Directors reached their positions through internal promotions[18]

1 HOULIHAN LOKEY INVESTOR PRESENTATION MAY 2021 Disclaimers Forward Looking Information This presentation contains forward-looking statements. All statements other than statements of historical facts contained in this presentation may be forward-looking statements. The words "may," "will," "should," "expects," "plans," "anticipates," "could," "intends," "targets," "projects," "contemplates," "believes," "estimates," "predicts," "potential" or "continue" and other expressions that are predictions of or indic ...

Houlihan Lokey, Inc. (NYSE:HLI) Q4 2021 Results Conference Call May 11, 2021 5:00 PM ET Company Participants Christopher Crain - General Counsel Scott Beiser - Chief Executive Officer Lindsey Alley - Chief Financial Officer Conference Call Participants Manan Gosalia - Morgan Stanley Devin Ryan - JMP Securities Ken Worthington - JPMorgan Richard Ramsden - Goldman Sachs Steven Chubak - Wolfe Research Brennan Hawken - UBS Jim Mitchell - Seaport Global Jeff Harte - Piper Sandler Michael Brown - KBW Operator Goo ...

Company Overview - Houlihan Lokey was established in 1972 and has a global presence with 23 locations worldwide[6] - The company has a long-tenured management team, with an average tenure of 32 years[6, 7] - The firm has a strong partnership culture and is not a "star" culture[4] Financial Performance - The company has demonstrated strong revenue growth, increasing from $694 million in 2016 to $1.159 billion in 2020[13] - Adjusted pre-tax income has also shown strong growth, rising from $157 million in 2016 to $282 million in 2020[13] - For the nine months ended December 31, 2020, revenues were $1.025 billion[61] Business Segments - Corporate Finance accounted for 50% of the company's revenues, with $658 million, for the last twelve months ended December 31, 2020[26, 34] - Financial Restructuring contributed 37% of revenues, with $495 million, for the last twelve months ended December 31, 2020[26, 34] - Financial and Valuation Advisory made up 13% of revenues, with $174 million, for the last twelve months ended December 31, 2020[26, 34]

Houlihan Lokey, Inc. (NYSE:HLI) Q3 2021 Earnings Conference Call January 28, 2021 5:00 PM ET Corporate Participants Christopher Crain - General Counsel Scott Beiser - Chief Executive Officer Lindsey Alley - Chief Financial Officer Conference Call Participants Ken Worthington - JPMorgan Devin Ryan - JMP Securities Manan Gosalia - Morgan Stanley James Yaro - Goldman Sachs Michael Brown - KBW Jeff Harte - Piper Sandler Steven Chubak - Wolfe Research Brennan Hawken - UBS Operator Good day, ladies and gentlemen. ...

Houlihan Lokey, Inc. (NYSE:HLI) Q2 2021 Earnings Conference Call October 29, 2020 5:00 PM ET Company Participants Christopher Crain - GC Scott Beiser - CEO Lindsey Alley - CFO Conference Call Participants Manan Gosalia - Morgan Stanley Devin Ryan - JMP Securities Brennan Hawken - UBS Ken Worthington - J.P. Morgan Operator Good day, ladies and gentlemen. Thank you for standing by. Welcome to the Houlihan Lokey's Second Quarter Fiscal Year 2021 Earnings Conference Call. [Operator Instructions] I'd now like to ...

HOULIHAN LOKEY Investor Presentation October 2020 Disclaimers Forward Looking Information This presentation contains forward-looking statements. All statements other than statements of historical facts contained in this presentation may be forwardlooking statements. The words "may," "will," "should," "expects," "plans," "anticipates," "could," "intends," "targets," "projects," "contemplates," "believes," "estimates," "predicts," "potential" or "continue" and other expressions that are predictions of or indi ...

E HOULIHAN LOKEY Investor Presentation July 2020 Disclaimers Forward Looking Information This presentation contains forward-looking statements. All statements other than statements of historical facts contained in this presentation may be forwardlooking statements. The words "may," "will," "should," "expects," "plans," "anticipates," "could," "intends," "targets," "projects," "contemplates," "believes," "estimates," "predicts," "potential" or "continue" and other expressions that are predictions of or indic ...

Houlihan Lokey Inc (NYSE:HLI) Q1 2021 Earnings Conference Call July 28, 2020 5:00 PM ET Company Participants Christopher Crain - General Counsel Scott Beiser - Chief Executive Officer and Director Lindsey Alley - Chief Financial Officer Conference Call Participants Brennan Hawken - UBS Devin Ryan - JMP Securities Matt Coad - Autonomous Research Jeff Harte - Piper Sandler Manan Gosalia - Morgan Stanley Michael Brown - KBW Ken Worthington - JPMorgan Operator Good day, ladies and gentlemen, thank you for stand ...