Perella Weinberg Partners (NASDAQ:PWP) Q2 2022 Earnings Conference Call August 4, 2022 9:00 AM ET Company Participants Taylor Reinhardt - Head of Investor Relations Peter Weinberg - Chief Executive Officer Gary Barancik - Chief Financial Officer Conference Call Participants Devin Ryan - JMP Securities Richard Ramsden - Goldman Sachs Steven Chubak - Wolfe Research Michael Brown - KBW Operator Good morning, and welcome to the Perella Weinberg Partners Second Quarter 2022 Earnings Conference Call. [Operator In ...

x 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 Commission File Number: 001-39558 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 _________________________________________________________________________________________________________________________________________________ ...

Perella Weinberg Partners (NASDAQ:PWP) Q1 2022 Results Conference Call May 5, 2022 9:00 AM ET Company Participants Taylor Reinhardt - Head of Investor Relations Peter Weinberg - Chief Executive Officer Gary Barancik - Chief Financial Officer Conference Call Participants Devin Ryan - JMP Securities Richard Ramsden - Goldman Sachs Steven Chubak - Wolfe Research Michael Brown - KBW Brian Fitzgerald - JPMorgan Operator Good morning, and welcome to the Perella Weinberg Partners First Quarter 2022 Earnings Confer ...

Financial Performance - Revenues for Q1 2022 were $151.9 million, a decrease of 11% from $169.8 million in Q1 2021, primarily due to reduced M&A activity in the US [208]. - Operating income for Q1 2022 was a loss of $10.4 million, compared to an income of $28.0 million in Q1 2021, reflecting an 83% decline in income before taxes [204]. - Net income for Q1 2022 was $1.1 million, a 95% decrease from $22.5 million in Q1 2021 [204]. - Non-operating income for Q1 2022 was $14.4 million, a significant improvement from a loss of $3.5 million in Q1 2021, driven by a $12.0 million gain on the change in fair value of warrant liabilities [223]. Expenses - Total operating expenses for Q1 2022 were $162.2 million, representing 107% of revenues, up from $141.8 million or 83% of revenues in Q1 2021 [212]. - Total compensation and benefits expenses increased to $128.1 million in Q1 2022, compared to $115.6 million in Q1 2021, accounting for 84% of revenues [211]. - Non-compensation expenses rose by 30% to $34.1 million in Q1 2022 from $26.1 million in Q1 2021 [212]. - The increase in compensation expenses was primarily due to a rise in equity-based compensation, with $40.9 million in amortization of equity awards in Q1 2022 compared to $6.2 million in Q1 2021 [218]. - Non-compensation expenses for Q1 2022 totaled $34.1 million, representing 22% of revenues, compared to $26.1 million (15% of revenues) in Q1 2021 [221]. Client Activity - The number of advisory clients decreased from 95 in Q1 2021 to 77 in Q1 2022, with clients paying fees of $1.0 million or more dropping from 29 to 28 [209]. - Global M&A volumes in Q1 2022 were down 30% sequentially and annually, indicating a significant slowdown in market activity [198]. - The company anticipates continued demand for independent advisory services despite near-term macroeconomic headwinds [201]. Cash and Liquidity - Cash and restricted cash decreased to $225.1 million as of March 31, 2022, down $279.6 million from $504.8 million at the end of 2021 [229]. - The company paid $3.4 million in cash dividends during Q1 2022 and made partner tax distributions totaling $15.8 million [232]. - The Company has a Revolving Credit Facility with an available line of credit of $50.0 million, which provides additional liquidity [235]. - The Company believes that post-transaction cash, net cash from operations, and available borrowing capacity will be sufficient for operating needs over the next twelve months [237]. Debt and Capital Management - The Company repaid all outstanding borrowings under the Credit Agreement, totaling $27.7 million in principal plus accrued interest, and amended the agreement to extend maturity to July 1, 2025 [236]. - The Company has a stock repurchase program authorized for up to $100.0 million, with 172,303 shares repurchased at a cost of $1.6 million during the three months ended March 31, 2021 [238]. - As of March 31, 2022, the Company had no outstanding balance related to the Revolving Credit Facility and no incremental revolving commitments incurred [236]. Regulatory and Tax Matters - The Company actively monitors its regulatory capital base to ensure compliance with minimum capital requirements across various jurisdictions [239]. - The Company entered into a tax receivable agreement providing for payment of 85% of cash savings in U.S. federal, state, and local taxes realized from certain transactions [246]. Foreign Currency and Transactions - For the three months ended March 31, 2022, the Company recorded a $1.4 million gain and a $2.0 million loss from non-functional currency related transactions [252]. - As of March 31, 2022, the Company held $32.6 million in non-U.S. dollar denominated currencies, including pound sterling, Euro, and Canadian dollars [253]. Business Combinations - The company completed a business combination with Tudor, Pickering, Holt & Co. in November 2016, enhancing its advisory capabilities in the energy sector [194]. Future Projections - Future amortization of equity awards related to the Business Combination is projected to be $76.2 million for Transaction Pool RSUs and $67.4 million for Long-Term Incentive Awards over the next five years [217]. Office Expansion - The Company has various non-cancelable operating leases, with expected capital contributions exceeding $50 million for new office spaces in London and New York [247]. Share Repurchase - The Company repurchased 1,000,000 founder shares at $12.00 per share for a total of $12.0 million on August 9, 2021 [244].

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 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FOR THE TRANSITION PERIOD FROM TO Commission File Number: 001-39558 PERELLA WEINBERG PARTNERS (Exact Name of Registrant as Specified in its Charter) Delaware 84-1770732 ( State or other jurisdicti ...

Perella Weinberg Partners (NASDAQ:PWP) Q4 2021 Earnings Conference Call February 17, 2022 9:00 AM ET Company Participants Taylor Reinhardt - Head of Investor Relations Peter Weinberg - Chief Executive Officer Gary Barancik - Chief Financial Officer Conference Call Participants Devin Ryan - JMP Securities Michael Brown - KBW Brendan O'Brien - Wolfe Research Ken Worthington - JPMorgan Operator Good morning and welcome to the Perella Weinberg Partners Full Year and Fourth Quarter 2021 Earnings Conference Call. ...

Perella Weinberg Partners (NASDAQ:PWP) Q3 2021 Results Conference Call November 4, 2021 9:00 AM ET Company Participants Taylor Reinhardt - Head, IR Peter Weinberg - CEO Gary Barancik - CFO Conference Call Participants Devin Ryan - JMP Securities Richard Ramsden - Goldman Sachs Steven Chubak - Wolfe Research Michael Brown - KBW Ken Worthington - JP Morgan Operator Good morning, and welcome to the Perella Weinberg Partners Third Quarter 2021 Earnings Conference Call. During today's discussion all callers will ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 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 Commission File Number: 001-39558 PERELLA WEINBERG PARTNERS (Exact Name of Registrant as Specified in its Charter) | Delaware | 84-1770732 | | --- | --- ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 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, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number: 001-39558 PERELLA WEINBERG PARTNERS (Exact Name of Registrant as Specified in its Charter) Delaware 84-1770732 ( State or other jurisd ...

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 ☐ 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 For the transition period from to Commission File No. 001-39558 FINTECH ACQUISITION CORP. IV (Exact name of registrant as specified in its charter) Delaware 85-1770732 (State or other jurisdic ...