(Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR o 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 ____________________________________ For the transition period from ________to ________ 001-32492 (Commission File Number) ______________________________ ...

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Start Time: 08:00 January 1, 0000 8:33 AM ET Lazard Ltd (NYSE:LAZ) Q2 2023 Earnings Conference Call July 27, 2023, 08:00 AM ET Company Participants Kenneth Jacobs - Chairman and CEO Mary Ann Betsch - CFO Evan Russo - CEO, Asset Management Peter Orszag - CEO, of Financial Advisory Alexandra Deignan - Head of IR, Treasury and Corporate Sustainability Conference Call Participants Ryan Kenny - Morgan Stanley Brendan O’Brien - Wolfe Research Devin Ryan - JMP Securities Jim Mitchell - Seaport Global James Yaro - ...

Financial Performance - Consolidated net revenue for the first quarter of 2023 was derived from Financial Advisory (51%), Asset Management (52%), and Corporate (-3%) segments [256]. - Lazard's net revenue for the three months ended March 31, 2023, was $542,436, a decrease of 22% compared to $694,892 in the same period of 2022 [296]. - Operating income for the same period was a loss of $36,924, compared to an operating income of $159,728 in the prior year, representing a significant decline [296]. - Net income attributable to Lazard Ltd for the first quarter of 2023 was a loss of $22,172, compared to a net income of $113,876 in the same quarter of 2022 [296]. - Operating revenue decreased by $172 million, or 25%, to $527 million for the three months ended March 31, 2023, compared to $699 million in 2022 [309]. - Financial Advisory net revenue decreased by $113 million, or 29%, primarily due to a reduction in the number of fees greater than $10 million [321]. - Net revenue for the Asset Management segment decreased by $54 million, or 16%, to $284.04 million in Q1 2023 compared to $338.50 million in Q1 2022 [338]. Market Activity - Completed M&A transactions in Q1 2023 saw a total value of $617 billion, a decrease of 51% from $1,262 billion in Q1 2022, with the number of deals dropping by 32% [267]. - Announced M&A transactions in Q1 2023 had a total value of $589 billion, down 48% from $1,123 billion in Q1 2022, with a 25% decrease in the number of deals [267]. - The number of corporate defaults increased to 33 in Q1 2023 from 25 in Q1 2022, indicating a rise in restructuring activity [268]. - The global macroeconomic environment remains uncertain, characterized by significant inflation and rising interest rates, impacting M&A activity [258]. Asset Management - Total Assets Under Management (AUM) increased by $16 billion, or 7%, to $232 billion as of March 31, 2023, compared to $216 billion at December 31, 2022 [327]. - Approximately 84% of AUM was managed on behalf of institutional clients as of March 31, 2023, down from 85% at the end of 2022 [328]. - The company experienced a 12% decrease in average AUM for the first quarter of 2023 compared to the same quarter in 2022 [327]. - Equity AUM decreased from $221.01 billion in Q1 2022 to $178.63 billion in Q1 2023, a decline of 19.2%, while Fixed Income AUM decreased from $46.29 billion to $45.46 billion, a decline of 1.8% [332]. - Average AUM for Q1 2023 was $226.85 billion, a decrease of 11.5% from $256.43 billion in Q1 2022 [335]. Cost Management - Compensation and benefits expenses increased to $449,967, up from $396,841 in the previous year, reflecting a rise of approximately 13% [296]. - The company is implementing cost-saving initiatives expected to reduce approximately 10% of its workforce in 2023, with $21 million in associated expenses recorded for the first quarter [289]. - Additional costs of approximately $95 million related to compensation and benefits are anticipated in subsequent quarters of 2023 [290]. - Adjusted compensation and benefits expense was $399 million, a decrease of $10 million, or 2%, compared to $409 million in the prior year, with the ratio to operating revenue increasing to 75.7% from 58.5% [310]. - Adjusted non-compensation expense increased by $25 million, or 21%, to $142 million, with the ratio to operating revenue rising to 27.0% from 16.8% [311]. Shareholder Returns - Total stockholders' equity decreased to $508 million as of March 31, 2023, down from $675 million at December 31, 2022, primarily due to a net loss of $21 million and stock repurchases totaling $99 million [366]. - During the three months ended March 31, 2023, Lazard repurchased 2,692,161 shares at an average price of $36.75 per share, with $203 million remaining under the share repurchase authorization [369]. - On April 26, 2023, the Board of Directors declared a quarterly dividend of $0.50 per share, payable on May 19, 2023 [370]. Regulatory and Compliance - Lazard's financial condition is subject to regulatory capital requirements in various jurisdictions, which may restrict the flow of funds to and from affiliates [372]. - For the 12-month period ending March 31, 2023, Lazard's Consolidated Leverage Ratio was 1.93 to 1.00 and the Consolidated Interest Coverage Ratio was 13.80 to 1.00, indicating compliance with financial covenants [358]. Operational Risk Management - The Company has implemented a framework to monitor and manage operational risk, including internal controls and business continuity programs [420]. - Management regularly reviews the investment profile and credit profile of depositor banks to adjust deposit or investment thresholds as necessary [419]. - The Company maintains insurance policies to protect against accidental loss and significant financial impacts [420].

Lazard Ltd. (NYSE:LAZ) Q1 2023 Earnings Conference Call April 28, 2023 8:00 AM ET Company Participants Alexandra Deignan - Head of Investor Relations and Corporate Sustainability Mary Ann Betsch - Chief Financial Officer Kenneth Jacobs - Chairman and Chief Executive Officer Evan Russo - Chief Executive Officer, Asset Management Peter Orszag - Chief Financial Officer of Financial Advisory Conference Call Participants Brennan Hawken - UBS James Yaro - Goldman Sachs Devin Ryan - JMP Securities Steven Chubak - ...

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, 2022 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) or Organization) Bermuda 98-0437848 (State or Other Jurisdi ...

Lazard Ltd (NYSE:LAZ) Q4 2022 Earnings Conference Call February 2, 2023 8:00 AM ET Company Participants Alexandra Deignan - Head of Investor Relations and Corporate Sustainability Mary Ann Betsch - Chief Financial Officer Kenneth Jacobs - Chairman and Chief Executive Officer Evan Russo - Chief Executive Officer, Asset Management Peter Orszag - Chief Financial Officer of Financial Advisory Conference Call Participants Manan Gosalia - Morgan Stanley Devin Ryan - JMP Securities Brennan Hawken - UBS Matt Moon - ...

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 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. Employer Identification No.) or Organization) For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 1 ...

Lazard Ltd (NYSE:LAZ) Q3 2022 Earnings Conference Call October 27, 2022 8:00 AM ET Company Participants Alexandra Deignan - Head, IR Mary Betsch - CFO Kenneth Jacobs - Chairman & CEO Evan Russo - CEO, Asset Management Conference Call Participants Richard Ramsden - Goldman Sachs Group Brennan Hawken - UBS Devin Ryan - JMP Securities Manan Gosalia - Morgan Stanley Brendan O'Brien - Wolfe Research Operator Good morning, and welcome to Lazard's Third Quarter and First 9 Months of 2022 Earnings Conference Call. ...

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 June 30, 2022 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 ...