BlackRock Investor Conference Presentation Deck

Diverse global platform continues to deliver consistent growth LTM Organic AUM Growth LTM organic asset growth rate (%) (1%) ($43) 0% $47 $4.00 1% $39 $5.50 2% Dividends CAGR 18% $6.00 $12 4% $25 $6.72 3% $41 Q3 Q1 Q2 Q3 Q4 Q1 Q2 Q4 2012 2012 2013 2013 2013 2013 2014 2014 2010 2011 2012 2013 2014 Actual Actual Actual Actual Ann'd 3% Avg BLK $7.72 Stock Price: $27 Consistent and Predictable Capital Management Share Repurchase 4% $38 $270 $1.0b 2013 Actual 4% $29 BLACKROCK previously filed Form 10-Ks, 10-Qs and 8-Ks. Q3 2014 $311 $250 mm $750 mm 3Q'14 YTD Positive Operating Leverage Adjusted Operating Margin 39.3% EPS, as adjusted 39.7% Double Digit Earnings Growth $10.94 2010 2011 2012 2013 Full Year Full Year Full Year Full Year CAGR 15% 40.4% $11.85 $13.68 41.4% $16.58 25% $11.67 42.7% L__ Expected 4Q'14 Note: For further information and reconciliation between GAAP and as adjusted, see notes (1) through (5) in the current earnings release as well as 2014 9/30 YTD $14.53 2010 2011 2012 2013 2013 2014 Full Year Full Year Full Year Full Year 9/30 YTD 9/30 YTD 9

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