KBW Securities Brokerage & Market Structure Conference November 28, 2012

This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which reflect our current views with respect to, among other things, our operations and financial performance. In some cases, you can identify these forwardlooking statements by the use of words such as outlook, believes, expects, potential, continues, may, will, should, seeks, approximately, predicts, intends, plans, estimates, anticipates or the negative version of these words or other comparable words. All statements other than statements of historical fact included in this presentation are forward-looking statements and are based on various underlying assumptions and expectations and are subject to known and unknown risks, uncertainties and assumptions, and may include projections of our future financial performance based on our growth strategies and anticipated trends in our business. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. We believe these factors include, but are not limited to, those described under Risk Factors discussed in our Annual Report on Form 10-K for the year ended December 31, 2011 and subsequent Quarterly Reports on Form 10-Q and current reports filed under Form 8-K. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this discussion. In addition, new risks and uncertainties emerge from time to time, and it is not possible for us to predict all risks and uncertainties, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Accordingly, you should not rely upon forward-looking statements as a prediction of actual results and we do not assume any responsibility for the accuracy or completeness of any of these forward-looking statements. We undertake no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise.

Overview of Evercore
Strategic Objective: Create the premier global independent investment banking advisory firm delivering superior returns to investors

Advisory

Ranked among the top 3 independent M&A advisors globally in each of the past 3 years(1)

Institutional Equities

Serving more than half of the top 50 institutional money managers and top 50 hedge funds in the U.S.

Wealth Management

Managing $4.5 billion(2) of assets for high net worth individuals and family offices

Investment Management

Completed three investments in boutique institutional investment managers and one private equity manager

(1) (2)

Based on announced transaction volume Includes $645 million in assets under management through the acquisition of Mt. Eden Investment Advisors

Investment highlights
Fastest growing global investment banking advisory firm Consistently advising on leading transactions

Well positioned for recovery in M&A

Recruiting 5 7 senior managing directors per year Favorable operating leverage The addition of A+ talent sustains and improves productivity Early stage businesses are growing and continue to take market share Shareholder friendly capital deployment Returning more than 100% of earnings to shareholders Increased the quarterly dividend to $0.22, an 83% increase since 2008 Repurchased shares to offset the dilutive effect of bonus equity in 2010, 2011 and 2012 Board authorized additional 5 million share repurchase

Investment Banking

Market environment
Secular trends for M&A remain positive M&A recovery slowed in the second half of 2011 and early in 2012 Volatile markets impact pace of recovery
1980 2012 global announced M&A deal volume ($ in billions)
7 years
8 years 5 years

$4,200 $3,900 $3,600 $3,300 $3,000 $2,700 $2,400 $2,100 $1,800 $1,500 $1,200 $900 $600 $300 $0 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12*

Source: Thomson Reuters * 2012 annualized based on 10M 2012

Global announced M&A deal volume

Global announced M&A

Q1 2008 Q3 2012 quarterly global announced M&A deal volume

($ in billions)

$1,000
882

$800
664

789 647 509 441 446 540 682 707 673 605
551 560 491

610

$600
501 487

540

$400

$200

$0 Q1 08 Q2 08 Q3 08 Q4 08 Q1 09 Q2 09 Q3 09 Q4 09 Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Q2 11 Q3 11 Q4 11 Q1 12 Q2 12 Q3 12

Source: Thomson Reuters as of 10/4/2012

Global announced M&A

North America
$500 398 $400 313 $300 200 211
$200
$400 $500

($ in billions)

Current activity is below historic averages in virtually all major markets

Europe

324 281 228 227 239 182 152 125 265 220 234 175 222
$200

324

348

284

$300 237 237 181 136 138 111 $100 106 147 169 206 192 199 142 153 200 172 99

158

$100

$0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 08 08 08 08 09 09 09 09 10 10 10 10 11 11 11 11 12 12 12

$0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 08 08 08 08 09 09 09 09 10 10 10 10 11 11 11 11 12 12 12

Asia (including Japan)

$500
$500

South and Central America

$400

$400

$300 185 126 $100

92

$300

$200

186 129 141 93 71 87 155 107 112 125 156 140 130 104 119 132

$200

$100 36

77 49 19 34 23 24 20
34

76 40 43 44 32 37 33 29 48 14

$0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 08 08 08 08 09 09 09 09 10 10 10 10 11 11 11 11 12 12 12
Source: Thomson Reuters as of 10/4/2012

$0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 08 08 08 08 09 09 09 09 10 10 10 10 11 11 11 11 12 12 12

Growing market share

Evercore is consistently gaining market share compared to the leading independent advisory firms as well as the larger universal banks
All Firms M&A announced transactions ($ in billions)
1 2 3 4 5 6 7 8 9 10 11 2000 - YTD 2012 Goldman Sachs Morgan Stanley JP Morgan Bank of America Merrill Lynch Citi Credit Suisse Barclays UBS Lazard Deutsche Bank Evercore Partners 2000 - YTD 2012 Goldman Sachs Morgan Stanley JP Morgan Bank of America Merrill Lynch Citi Credit Suisse UBS Deutsche Bank Barclays Lazard Rothschild Evercore Partners
1 1

$4,846.9 3,664.5 3,577.9 3,423.5 2,917.8 2,437.1 2,369.7 1,398.7 1,324.1 1,238.1 1,008.4

YTD 2012 1 Goldman Sachs 2 JP Morgan 3 Credit Suisse 4 Morgan Stanley 5 Barclays 6 Citi 7 Deutsche Bank 8 Evercore Partners 9 Bank of America Merrill Lynch 10 Lazard 11 UBS YTD 2012 1 Goldman Sachs 2 Morgan Stanley 3 JP Morgan 4 Deutsche Bank 5 Credit Suisse 6 Citi 7 Bank of America Merrill Lynch 8 Barclays 9 UBS 10 Lazard 11 Rothschild 13 Evercore Partners
1

$205.9 163.0 153.9 127.8 123.7 115.6 111.5 103.3 96.2 71.6 53.5

U.S.

1 2 3 4 5 6 7 8 9 10 11 14

$9,071.4 7,671.1 7,054.6 6,497.3 6,263.7 5,190.3 4,414.7 3,954.7 3,163.8 3,127.1 2,735.7 1,189.4
8

$569.6 417.9 383.4 358.5 357.2 351.7 295.1 275.2 197.6 191.7 162.4 122.3

1. Source - Thomson Reuters as of 11/26/2012

Global

Boutique market share

Evercore is increasing the gap between its market share and the market share of the true boutiques
Boutiques M&A announced transactions ($ in billions)
2000 - YTD 2012 Evercore Partners Houlihan Lokey Blackstone Greenhill Centerview Sagent Moelis Duff and Phelps Perella Weinberg Allen 2000 - YTD 2012 Evercore Partners Greenhill Houlihan Lokey Blackstone Centerview Perella Weinberg Moelis Leonardo Sagent Duff and Phelps
1 1

1 2 3 4 5 6 7 8 9 10

$1,008.4 415.7 366.5 301.9 289.9 211.3 202.9 186.5 164.3 95.7
1

YTD 2012 1 Evercore Partners 2 Centerview 3 Greenhill 4 Perella Weinberg 5 Moelis 6 Tudor Pickering 7 Houlihan Lokey 8 Qatalyst 9 Blackstone 10 LionTree YTD 2012 1 Evercore Partners 2 Centerview 3 Greenhill 4 Lambert 5 Moelis 6 Perella Weinberg 7 Houlihan Lokey 8 Tudor Pickering 9 Blackstone 10 Ondra

$103.3 50.6 34.7 26.0 20.4 19.4 12.9 7.6 7.0 6.6
1

U.S.

1 2 3 4 5 6 7 8 9 10

$1,189.4 783.2 533.3 524.7 465.0 289.4 263.0 234.2 231.3 200.5

$122.3 83.7 48.1 33.3 32.9 31.4 21.6 19.7 14.2 13.0

1. Source - Thomson Reuters as of 11/26/2012

Global

Demonstrated record of advising on large and complex transactions

For four straight years, we have advised on the largest U.S. deal
2009
Advised

2010
Advised

2011
Advised

2012
Advised

on its $64.5 billion sale to

on its $22.4 billion merger with

on its $36.2 billion merger with

on its $36.1 billion spin-off of

2009

2010

2011

2012

In 2012, we have also advised on 3 of the top U.S. deals

Advising Advised Advised
on its $6.9 billion acquisition of on its sale of EP Energy for $7.2 billion to and subsequent sale of half of its interest in Amylin to AstraZeneca

on its pending $24.2 billion merger with

2012

2012

2012

10

Sustained advisory fee growth

Evercores advisory fee growth has significantly outpaced that of other leading publicly traded investment banks
175% 150% 125% 100% 75% 50% 25% 0% (25%) (50%)
(75%)

159%

2008 - 2012

17%

(4%)

(16%) (18%) (19%) (23%) (26%) (26%) (29%) (32%) (35%) (57%)

EVR

GHL

LAZ

CS

DB

PJC

BX

MS

GS

BACML

JPM

UBS

Source: Company reports and SEC filings; 2012 annualized based on 9M 2012

11

Sustained advisory fee growth

($ in millions)

Market share has grown at 27% CAGR from 2001 to the first nine months of 2012

4.5%

4.3%

450

4.0% 3.5% 3.2%

3.0%

400 350
300

2.5% 2.0% 1.5%

1.0%

2.6%

2.5%

250 200

1.3% 1.0% 0.7% 0.3% 0.3% 0.4%

1.2%

150 1.3%
100

0.5% 0.0%

50 -

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

9M 12

EVR Advisory Revenues

Market Share

Source: Company reports and SEC filings Total fee pool includes all advisory revenues from Bank of America (includes Merrill Lynch), Blackstone, Citigroup, Credit Suisse, Deutsche Bank, Evercore, Greenhill, Goldman Sachs, JP Morgan (includes Bear Sterns pre-acquisition), Lazard, Morgan Stanley, Piper Jaffray and UBS

12

Sustained advisory fee growth

($ in millions)

Evercore is gaining advisory fees at a faster pace relative to the global independent advisory firms and separating itself from other publicly traded boutique advisory firms
Advisory Revenues
EVR 2012 vs. 2008: 159% LAZ 2012 vs. 2008: (4%)
1

ROTH 2 2011 vs. 2008

GHL 2012 vs. 2008: 17%

$1,200 $1,024 $1,000

$1,121

$990

$992

$986

$1,000 $1,000

$992
$907

$800

$600

$462 $406 $400 $287 $200 $178 n/a $0 2008 2009 2010 2011 2012 2008 2009 2010 2011 2012 2008 2009 2010 2011 2012 2008 2009 2010 2011 2012 $291
$218 $216

$303 $252
$255

GHL Source: Company Filings; 1. 2012 annualized based on 9M 2012 2. Rothschild revenue for 2010 and 2011 is based on publicly available information for Paris Orleans, the primary holding company for the Rothschild Group; converted using an exchange rate of $1.286: 1.0 (rate as of 9/30/2012). Prior year amounts are not publicly reported; however such amounts are reported to be comparable. Rothschilds fiscal year ends on March 31 EVR

LAZ

ROTH

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Productivity drives profits

Choosing the right senior managing directors is critical
A+ senior managing directors sustain and improve productivity Carefully and constructively manage performance Independent Advisory model is not the right platform for everyone
Evercore advisory revenues per SMD(1) (2)
($ in millions)
$20.0
17.8 16.3 17.1 14.8

Advisory SMD headcount

60 59 60

$16.0

50

46 41

40
$12.0
9.0 8.9 7.9
7.2

34 30
8.0 7.8 7.1

28 21

$8.0

7.6
6.9

8.1

20
$4.0

10

$0.0 2006 2007 2008 2009 2010 Global 2011 LTM to Q3 2012

0 2006 2007 2008 2009

Europe

2010

2011

YTD 2012

U.S. & Europe

U.S.

Mexico

(1) Pro Forma revenue per SMD including Lexicon; Lexicon revenues presented for fiscal years ending in March 31 of each year (2) Uses beginning of period SMD count; includes 6 SMDs for Mexico for 2006 2009, and 7 SMDs in 2010 and 2011; includes 8 Lexicon SMDs for 2006 2009, 9 SMDs in 2010 and 7 SMDs in 2011

14

Advisory growth creates long term shareholder value

Recruiting A+ talent New SMDs have achieved or exceeded targeted productivity of $8 - $10 million in their second full year(1)
Average productivity in the first full year ranges from $5 - $7 million of revenue per SMD

Annually
contributes $2.40 $5.60 in per share value(2)

Alignment of interests
Targeting 55% compensation ratio excluding new senior managing directors Disciplined cost management 15 20% non-compensation ratio, over time
(1) Based on average revenue per newly hired SMD in the U.S. by recruiting year (2) Assumes marginal EPS ranging from $0.15 - $0.35 and multiple of 16x

15

Institutional Equities Focus on profits

Drive top line revenue growth
Foundation is in place
High-touch distribution delivering strong intellectual content Market share growing consistently each quarter Serving more than half of the top 50 institutional money managers and top 50 hedge funds in the U.S. Building out platform to include REITs team

Focus on delivering distinctive value and service while increasing and optimizing revenue per client
Top quartile in votes from eleven leading long-only and hedge fund clients Revenue generated from the top 30 clients for the first nine months of the year increased by 32% year-over-year

Each $5 million of incremental revenue1:

Lowers the Investment Banking Compensation Ratio by 0.7% Increases the Investment Banking Operating Margin by 1%
1. Based on 2011 Pro Forma results for Investment Banking

16

A differentiated Capital Markets franchise

Enhances the Advisory and Institutional Equities businesses Provides independent advice and experienced judgment on all aspects of capital formation
U.S.
2012 continues to be a healthy and active equity new issuance market
YTD underwritten 15 equity and equity-linked transactions, 4 debt transactions, and acted as lead placement agent on a registered direct equity offering

Helped raise approximately $10 billion for issuers

Since formation, 37 transactions underwritten across seven industries, helping to raise approximately $26 billion for issuers

Mexico Completed a follow-on offering raising $690 million for leading public REIT in
Mexico

17

Investment Management

Investment Management Overview

Holding company model Interests aligned through equity ownership Combination of the Evercore brand and CEOs expertise provide an attractive platform for high quality firms
Consolidated Unconsolidated Evercore Casa de Bolsa 72%

Institutional Asset Management

Atalanta Sosnoff 49%

Evercore Trust Company 86%

ABS 44%

Wealth Management

Evercore Wealth Management 51%

Evercore Pan Asset 50%

Private Equity

Evercore Capital Partners 100%

Evercore Mexico Capital Partners 100%

Trilantic ~10.0%

19

Investment Management Current developments

Assets under management of $7.3 billion at September 30, 2012 a 5% decline from the prior quarter Institutional Asset Management Year-to-date performance of key portfolios is positive sustained returns are required Unconsolidated affiliates contributed $615 thousand of earnings in Q3 2012 Increased AUM to $4.5 billion1 Wealth Management Acquired Mt. Eden Investment Advisors, LLC, a San Franciscobased wealth management firm Selectively adding talent Focused on realizations and liquidity for investors Private Equity

1. Includes $645 million in assets under management through the acquisition of Mt. Eden Investment Advisors

20

Investment Management
Business is a profit contributor, with assets primarily tied to equity markets
Assets under management ($ in billions)
$18
$16.1 $16.9
$17.3

Fee based revenues ($ in millions)

$24
$23.0 $23.0 $22.1 $21.2
$21.6

$16.2

$16
$14

$14.8

$21
$13.2 $13.0 $12.9 $11.8 $11.6

$20.4 $18.7 $19.1 $18.6

$18 $15

$12 $10

$13.7

$12
$8
$9.3

$9.7 $8.4

$9
$6 $4
$2
$2.0 $3.8 $4.2

$6
$3.5

$5.5

$2.9 $2.3

$3 $0

$0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 09 09 09 09 10 10 10 10 11 11 11 11 12 12 12 Private Equity Institutional Wealth Management

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 09 09 09 09 10 10 10 10 11 11 11 11 12 12 12 Private Equity Institutional Wealth Management

21

Financials

Financial performance Long history of strong growth

Strong cumulative annual growth of net revenues and net income Investment banking business drives performance delivering more than 75% of revenues and a much higher percentage of profits
Return to strong revenue growth ($ in millions)(1)
$600 $520 $500 $409
$400
$75

Net income ($ in millions)(1)

$90

$427
$60

$63 $51

$373 $316 $312

$49 $43 $38 $33

$300
$212

$45

$41

$200 $143 $100 $54 $0 $94

$193

$30

$22
$15

$16 $8 $4
04 05 06 07 08 09 10 11 9M 9M 11 12

$0

03 04 05 06 07 08 09 10 11

9M 9M 11 12

03

(1) Net revenues and net income reflect Adjusted Pro Forma figures. A reconciliation to the equivalent GAAP figures is available in the Investor Relations sections at www.evercore.com

23

Financial performance
We remain focused on controlling non-compensation costs as we invest in the growth of our business The YTD 2012 non-compensation ratio of 22% reflects acquisition-related facilities costs
Non-compensation expense ratio(1)
30%
25%

Non-compensation expenses per employee ($ in thousands)(2)

$250 $206

24%
21%

$200

20% 19%

22%
$150 $143 $126 $132 $131 $100 $99

20% 15%

18%

17%

$100

10% 5% 0% 2007 2008 2009 2010 2011 9M 9M 2011 2012

$50

$0 2007 2008 2009 2010 2011 9M 9M 2011 2012

(1) Figures are on an Adjusted Pro Forma basis. A reconciliation to the equivalent GAAP figures is available in the Investor Relations sections at www.evercore.com (2) Headcount is based on an average of heads for the period and excludes depreciation and amortization costs, and acquisition and transition costs of $2.4 million, $2.3 million, $2.3 million, $11.1 million and $14.0 million for the year ended 2007, 2008, 2009, 2010 and 2011 and $10.0 million and $9.7 million for 9M 2011 and 9M 2012 respectively

24

Compensation ratio
Committed to a goal of a compensation ratio at 55%, but pace of achieving goal must be balanced against investments for future growth
Compensation ratio(1) LTM compensation ratio(1)

100%

100%

80%
71% 72% 60%

80%

75% 76%
71%

60%

58% 58%

62% 62% 61%

59% 59%

62%

63% 60% 60% 56%

63%

61%

60%

61% 61% 60% 60% 59% 60% 60% 60% 59% 60%

40%

40%

20%

20%

0%

0%

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 09 09 09 09 10 10 10 10 11 11 11 11 12 12 12

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 09 09 09 09 10 10 10 10 11 11 11 11 12 12 12

(1) A reconciliation to the equivalent GAAP figures is available in the Investor Relations sections at www.evercore.com

25

Returning earnings and delivering value to shareholders

Trailing twelve months ending September 30, 2012 ($ millions)

Net income
(1)

$ 56.8
(2)

Dividends paid

28.9 75.2

Cash expended on share buybacks

(1) Adjusted Pro Forma Net income as of 9/30/2012 (2) Includes dividends to Class A shareholders and equivalent amounts distributed to holders of LP units.

26