BlackRock, Inc. (BLK) Management Presents at Goldman Sachs 2021 US Financial Services Conference

Financial Performance & Growth - BlackRock's organic asset growth consistently drives value[47] - The company's diversified platform contributes to outperformance, with effective fee rates varying across different segments[11] - BlackRock has an 11% organic base fee growth premium vs industry[27] Strategic Investments & Initiatives - BlackRock's strategy is guided by clients' needs, with investments paying off in areas like ETFs, private markets, Aladdin, active strategies, sustainability, and China[15, 17, 18, 19, 20, 21, 22] - The company has raised $25B in gross fundraise YTD in private markets[18] - BlackRock has $30B in committed capital will drive $210M future annual base fees[18] - BlackRock has $1.4B deferred carried interest balance[18] Capital Management - BlackRock is committed to investing first and then returning cash to shareholders, with over $4B invested through acquisitions and minority investments since 2012[40, 42] - The company has repurchased over $11B in shares since 2012, representing a 20% IRR[42] Expense Management - Compensation expense reflects strong performance, with growth in performance-based compensation[30, 34] - G&A investments support growth engines and reflect operational excellence[35]