BlackRock Results Presentation Deck

7% 7% $57 $2 $55 Q1 2018 15% 5% 5% $20 $14 $6 Q2 2018 10% 3% 3% BlackRock. $1 $11 Total BlackRock Long-term ($3) Q3 2018 9% 2% $35 $34 --- $18 2% ($15) $50 $6 $44 10% 2% $81 1% $65 $6 $59 9% 4% Cash 2% Q4 2018 Q1 Q2 2019 2019 iShares ETFs $31 $151 $26 $125 10% $36 5% 3% $84 $32 $52 Q3 2019 Advisory 10% Net flows ($ in billions) $42 7% 5% $129 $30 $99 Q4 2019 11% $75 Q3 Q4 2019 2019 6% 4% $35 $53 ($19) Q1 2020 9% $14 $1 7% $17 2% 7% Q1 Q2 2018 2018 $10 $(7) Q1 2018 $5 1% 6% $5 $(14) $2 Retail Long-term Institutional Active $(1) $(24) Q3 Q4 Q1 Q2 Q1 Q2 2018 2018 2018 2018 2019 2019 Q1 2020 LTM organic asset growth rate (%) LTM organic base fee growth rate (%) Note: LTM organic asset growth rate measures rolling last twelve months net flows over beginning of period assets. 3% Q2 Q3 2018 2018 0% (2)% (1)% 2% 0% $(8) $(1) $(27) Q4 2018 $(2) $(3) Q1 Q2 Q3 Q4 Q1 Q3 Q4 2018 2018 2019 2019 2019 2019 2020 Institutional Long-term 0% $14 $15 $2 Q1 2019 0% $14 $7 $73 3% 3% Institutional Index $8 $8 $(4) 4% 2% $1 $15 2% $(2) $(29) Q2 Q3 Q4 Q1 2019 2019 2019 2020 2

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