UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (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, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to 001-32492 (Commission File Number) LAZARD LTD (Exact name of registrant as specified in its charter) (State or Other Jurisdiction of Incorporation (I.R.S. Emplo ...

Lazard Ltd (NYSE:LAZ) Q4 2021 Earnings Conference Call February 3, 2022 8:00 AM ET Company Participants Kenneth Jacobs – Chairman & CEO Evan Russo – Chief Financial Officer Alexandra Deignan – Head of Investor Relations and Corporate Sustainability Conference Call Participants Steven Chubak – Wolfe Research Manan Gosalia – Morgan Stanley Richard Ramsden – Goldman Sachs Brennan Hawken – UBS Michael Brown – Keefe Bruyette & Woods Inc Devin Ryan – JMP Securities Jim Mitchell – Seaport Global Jeff Harte – Piper ...

LAZARD Investor Presentation February 2022 Safe Harbor This presentation contains certain statements, estimates and forecasts with respect to future performance and events. These statements, estimates and forecasts are "forward-looking statements." In some cases, forward-looking statements can be identified by the use of forwardlooking terminology such as "may," "might," "will," "would," "should," "could," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential," "target," "goal" or "co ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ 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 For the transition period from to 001-32492 (Commission File Number) LAZARD LTD (Exact name of registrant as specified in its charter) (State or Other Jurisdiction of Incorporation (I.R ...

Lazard Ltd. (NYSE:LAZ) Q3 2021 Results Conference Call October 29, 2021 8:00 AM ET Company Participants Alexandra Deignan - IR Kenneth Jacobs - Chairman & CEO Evan Russo - CFO Conference Call Participants Richard Ramsden - Goldman Sachs Manan Gosalia - Morgan Stanley Brennan Hawken - UBS Brian McKenna - JMP Securities Operator Good morning, and welcome to the Lazard's Third Quarter and 9-Month 2021 Earnings Conference Call. This call is being recorded. [Operator Instructions] At this time, I would like to t ...

Washington, D.C. 20549 FORM 10-Q (Mark One) UNITED STATES SECURITIES AND EXCHANGE COMMISSION ☒ 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 For the transition period from to 001-32492 (Commission File Number) LAZARD LTD (Exact name of registrant as specified in its charter) (State or Other Jurisdiction of Incorporation (I.R.S. E ...

Lazard Ltd (NYSE:LAZ) Q2 and First Half 2021 Earnings Conference Call July 30, 2021 8:00 AM ET Company Participants Alexandra Deignan – Head-Investor Relations Kenneth Jacobs – Chairman and Chief Executive Officer Evan Russo – Chief Financial Officer Conference Call Participants Devin Ryan – JMP Securities Manan Gosalia – Morgan Stanley Steven Chubak – Wolfe Research Richard Ramsden – Goldman Sachs Brennan Hawken – UBS Jeff Harte – Piper Sandler Jim Mitchell – Seaport Global Operator Good morning and welcom ...

Company Overview - Lazard's mission is to provide trusted financial advice and investment solutions to its clients[4] - The company has 41 global offices in 26 cities and countries[5] - As of June 30, 2021, Lazard had $277 billion in Assets Under Management (AUM)[5] - Lazard's LTM Operating Revenue is $2.9 billion as of June 30, 2021[5] Financial Performance - Lazard's operating revenue for Q2 2021 was $821 million[27] - Asset Management operating revenue for Q2 2021 was a record $343 million[27] - Financial Advisory operating revenue for Q2 2021 was $471 million[27] - The company returned $398 million of capital to shareholders in 1H 2021[27] Growth and Strategy - The company's financial advisory market share has increased by 25% since its IPO[29] - The company's active AUM market share has increased by 64% since its IPO[30] - New investment strategies represent 54% of total AUM[38]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ 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 For the transition period from to 001-32492 (Commission File Number) LAZARD LTD (Exact name of registrant as specified in its charter) (State or Other Jurisdiction of Incorporation (I.R.S. ...

Financial Data and Key Metrics Changes - The company reported a 15% increase in operating revenue for Q1 2021, with financial advisory revenue of $317 million, an 8% increase year-over-year [7][10] - Asset management revenue for Q1 2021 was $328 million, reflecting a 22% increase from the previous year [10] - Assets Under Management (AUM) reached a record level of $265 billion, up 37% year-over-year and 2% sequentially [11] Business Line Data and Key Metrics Changes - Financial advisory showed strong momentum with increased M&A activity, particularly in the $1 billion to $10 billion range and in Europe [8][9] - The capital advisory business is growing, advising clients on capital structure and ESG [9] - In asset management, management fees increased due to a larger base of AUM and strong incentive fees from various strategies [10] Market Data and Key Metrics Changes - The volume of publicly announced M&A transactions increased significantly compared to last year, with a notable rise in Europe [8][9] - Net outflows of $1.7 billion were primarily from the emerging markets and equity platform, but net inflows were achieved in convertibles and international equities [12] Company Strategy and Development Direction - The company is investing in growth areas such as sustainability, ESG, and alternative strategies in asset management [14][15] - Plans for significant senior hires in financial advisory to enhance coverage of private equity sponsors [16] - The launch of Lazard Growth Acquisition Corp I, a SPAC, indicates a focus on sectors with competitive expertise [17] Management's Comments on Operating Environment and Future Outlook - The global macroeconomic environment is improving, supported by fiscal and monetary stimulus, which is expected to drive strong growth in 2021 and 2022 [23][24] - The company anticipates an increase in transaction closings in financial advisory and continued demand for risk assets in asset management [27][28] - Management remains focused on profitable growth and shareholder value while adapting to changing market conditions [29] Other Important Information - The effective tax rate for Q1 was 28.6%, with expectations for the annual rate to be in the mid-20% range [19] - The company returned $237 million to shareholders in Q1, including $49 million in dividends and $123 million in share repurchases [19][20] Q&A Session Summary Question: M&A activity in Europe - Management noted a pickup in M&A activity in Europe, particularly in the financial sponsor sector, and expects continued improvement [36][37] Question: Risks to M&A activity - Management discussed the potential impact of corporate tax reform and interest rate hikes on M&A activity, suggesting that financing remains available and confidence levels are improving [41][46] Question: Strategy to increase market share with sponsors - Management acknowledged underrepresentation in the sponsor market and plans to improve coverage through senior hires [50] Question: Advisory revenue performance - Management indicated that Q1 advisory revenue was affected by timing and expects stronger performance in subsequent quarters [58] Question: Asset management fee dynamics - Management explained that fee rates were impacted by outflows from higher fee strategies and inflows into lower fee areas, but gross inflows have been increasing [70][71] Question: Non-compensation expenses outlook - Management expects non-compensation expenses to rise as business activity increases, but anticipates a lower run rate compared to historical levels [78][81] Question: Asset management strategy and inflows - Management expressed optimism about reaching a point of consistent net inflows and highlighted the strategy of acquiring smaller teams to enhance AUM [95][96] Question: Share repurchase strategy - Management confirmed plans to continue share repurchases to normalize cash levels, with a focus on maintaining a healthy balance sheet [102][103] Question: Hiring strategy in advisory - Management discussed plans for significant senior hires to capitalize on growth opportunities in advisory services [110]