Moelis' 3Q19 Investor Presentation

1. October 2019

2. This presentation contains forward looking statements, which reflect the
Company’s current views with respect to, among other things, its operations and
financial performance. You can identify these forward looking statements by the
use of words such as “outlook,” “believes,” “expects,” “potential,” “continues,”
“may,” “will,” “should,” “seeks,” “target,” “approximately,” “predicts,”
“intends,” “plans,” “estimates,” “anticipates” or the negative version of these
words or other comparable words. 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. For a further discussion of such factors, you
should read the Company’s filings with the Securities and Exchange
Commission. The Company undertakes no obligation to publicly update or
review any forward looking statement, whether as a result of new information,
future developments or otherwise.
Forward Looking Statements
[ 1 ]

3. Premier Global Independent Investment Bank
 Global footprint
— 19 geographic locations in the Americas, Europe, the Middle East,
Asia and Australia
 Trusted advisor
— Focus on M&A, Restructuring, Capital Markets Advisory and Private
Funds Advisory
 World class coverage
— 127 MDs with an average of over 21 years of experience 1
 Strong growth with significant opportunities ahead
— Record Q3 2019 revenues of $232 million, up 12% from Q3 2018
— LTM Q3 2019 revenues of $761 million, down 7% from LTM Q3 2018
 Healthy balance sheet with strong cash position and no debt or goodwill
 Commitment to return 100% of excess capital to shareholders
Note:
1. As of 9/30/2019
[ 2 ]

4. Moelis & Company Milestones
2007 – 2008
 Founded and Raised Growth Capital from Global Institutional Investors
 Hired Restructuring Team
2009 – 2010
 Entered Hong Kong, China & Middle East
 Launched in India
 IPO in April 2014 (NYSE: MC)
 Formed Private Funds Advisory Business
2011 – 2014
 Expanded into Brazil & established German presence
 Mexico Alliance with Alfaro, Dávila y Scherer, S.C.
 Completed Energy Team build out
2015 – 2016
 Australian Joint Venture listed on Australian Securities Exchange
 Formed Shareholder Defense and Capital Solutions Group
2017 – 2018
 Established European Business
 Formed Joint Venture in Australia
 Japan Alliance with SMBC/SMBC Nikko & $93 Million Investment
[ 3 ]

5. Our Business:
Relationships, Judgment and Experience
LOS ANGELES, US
LONDON, UK
HONG KONG, CN
JAPAN
Strategic Alliance with
SMBC / SMBC Nikko
BOSTON, US
DUBAI, UAEHOUSTON, US
NEW YORK, USSAN FRANCISCO, US BEIJING, CN
FRANKFURT, DE
MUMBAI, IN
PARIS, FR
SÃO PAULO, BR
SYDNEY, AUS
Joint Venture
CHICAGO, US
MELBOURNE, AUS
Joint Venture
Global footprint to serve client needs with over 600 bankers ¹
WASHINGTON, DC, US
Note:
1. As of 9/30/2019
Globally integrated platform valuable to clients and difficult to replicate
MEXICO CITY, MX
Strategic Alliance
with Alfaro, Dávila y
Scherer, S.C.
[ 4 ]

6. Differentiated Model
Global
Collaboration
 Global partnership approach
 One firm P&L (non commission-based compensation)
 Optimal structure for client advice and talent development
High ROIC
 Profitable organic growth
 Internal talent development (30% of current MDs are promotes) 1
Commitment to
Shareholders
 Return 100% of excess cash
 Disciplined expense management
 Clean balance sheet with no debt or goodwill
Note:
1. As of 9/30/19
[ 5 ]

7. Acquisition of Forest
City Realty Trust, Inc.
Sale to Shiseido
Company, Limited
Acquisition of
Tarsus Group plc
Restructuring of 7.5%
Senior Notes due 2020
Restructuring
$11.4bn
Restructuring
All-share combination with
Flutter Entertainment plc
Acquisition of Twenty-
First Century Fox, Inc.
CBS and Viacom
all-stock merger
Exchange of Cash and Class
C Common Stock for Class
V Tracking Stock
Long-term Credit Card
Agreement with
Capital One
Sale to Nexstar
Media Group, Inc.
Sale of two portfolios of mortgages
and unsecured loans to Citi, with
financing provided by PIMCO
Exchange Offer
Transformative global
collaboration with
Gilead Sciences, Inc.
Sale to Harsco
Corporation
Sale to Cantel
Medical Corp.
Merger with Option
Care Enterprises, Inc.
Restructuring
Sale to Goldman Sachs
Group, Inc.
Fundraise for Luminate
Capital Partners II, LP
Restructuring and sale of
substantially all assets to
ESL Investments, Inc.
Strategic partnerships and
stake sales to Eni and OMV
in ADNOC Refining
Acquisition by
Expedia Group, Inc.
$845mm£668mm
$500mm
€8.7bn
$16.2bn
$19bn
Recent Transactions with Marquee Clients
$85.1bn $48bn $21.7bn
$7.2bn £4.9bn
$3bnExchange offer, consent
solicitations, and term loan
amendment and extension
$4.4bn$5.1bn
$625mm
$775mm
$3.7bn
$1.7bn
$750mm
$5.5bn
$5.8bn
$2.6bn
[ 6 ]
$430mm

8. Compelling Investment Opportunity
 Leading track record of growth
 Differentiated model
— Strong partnership culture
— One-Firm philosophy with one global P&L
— Focus on internal development
 Significant shareholder returns over last three years
— Returned $11.86 1 in cash per share in dividends
 Strong, asset light balance sheet with no debt and no goodwill
 Longer and steadier M&A cycle; leading restructuring franchise
despite low default environment
 Continued maturation of global network
— ~ 30% of MDs have been MDs at the firm for 3 years or less
Note:
1. Includes dividends declared but not yet paid
[ 7 ]

9. Substantial Organic Growth and Cash
Flow Generation
Notes:
1. Based on fiscal year 2013 revenues of $411 million and fiscal year 2018 revenues of $886 million
2. Represents dividend contemplated at time of IPO
3. Includes dividends declared but not yet paid
Significant Growth Since
our IPO…
Generates High Cash
Returns
With Focus on Managing
the Business…
 115% 1 revenue growth
 86 MDs at IPO and 128
today
 Entered new markets,
sectors and products
 Raised regular dividend
nearly 200% from $0.17 2
to $0.50 per quarter
 Returned $16.30 3 in cash
per share in dividends
 Returned over 65% of IPO
price in dividends 3
 No debt
 No acquisitions
 No goodwill
 Expense
management
[ 8 ]

10. Growth Drivers
Premier M&A Franchise Differentiated Model
Leading Restructuring
Team
 Increasing Market Share
 Strong fundamentals of
M&A remain in place
 Technological disruption to
lead to longer cycle
 Financial Sponsors need to
put capital to work
 Global M&A volumes still
below peak 2007 levels1
 Maturation of MDs on global
platform
 Expanding global brand
recognition
 Collaborative model delivers
exceptional client advice
 Intense focus on ROIC
 Investment in talent
development
Significant Franchise Enhancement and Shareholder Value
 Growing restructuring
business in low default
environment
 #1 Ranking for US &
Worldwide Completed
Transactions and Volumes in
3Q 2019
 Advised on 9 of top 10 global
completed transactions in 9M
2019
Note:
1. Per Thomson Reuters as of January 4, 2019; based on announced deal volumes > $100mm for the twelve months ended 12/31/2018
[ 9 ]

11. Strong Record of Organic Growth
MOELIS & COMPANY REVENUES
M&A Y-o-Y
Change 1 13.7% (3.0)% (4.0)% 11.9% (4.5)% (6.9)% (1.2)% (3.4)% (11.3%)
Default Rates 2
1.9% 2.6% 2.8% 2.1% 2.5% 4.4% 3.4% 3.0% 2.3%
Source: Thomson Reuters
Notes:
1. Based on global completed number of M&A transactions greater than $100 million for the three month period ended September 30, 2019
2. Based on average trailing twelve month default rate from Moody’s “Annual Default Study: Corporate Default and Recovery Rates”
Revenue
($mm)
$268
$386 $411
$519
$552
$613
$685
$886
$761
$200
$300
$400
$500
$600
$700
$800
$900
2011 2012 2013 2014 2015 2016 2017 2018 LTM Q3
2019
Market
Metrics
[ 10 ]

12. Strong Balance Sheet and Disciplined
Capital Management
 Strong financial position
— Cash and liquid investments of $162 million 1
— No debt or goodwill
 Minimal capital requirements
 Commitment to return all excess capital to shareholders through
dividends and share repurchases
— Record level of open market share repurchases YTD 2019 1
— Board of Directors authorized $100 million repurchase plan in
Q1 2019
Note:
1. As of 9/30/2019 [ 11 ]

13. Moelis & Company: Leading Dividend Yield
Note:
1. Includes all regular and special dividends declared with respect to Moelis’s activities related to each fiscal year. Dividend yield calculated based on share price as of each
fiscal year ended December 31
Commitment to Return Excess Cash to Shareholders
1
$0.60
$1.10 $1.31
$1.58
$1.91
$1.00
$0.80
$1.25
$2.50
$2.75
$1.60
$1.90
$2.56
$4.08
$4.66
4.6%
6.5%
7.6%
8.4%
13.6%
3.0%
5.0%
7.0%
9.0%
11.0%
13.0%
15.0%
$-
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
$4.00
$4.50
$5.00
2014 2015 2016 2017 2018
Regular Dividends Special Dividends Dividend Yield
[ 12 ]

14. Appendix

15. Reconciliation of GAAP to
Adjusted (non-GAAP) Financials
Source: Company filings
Note:
1. Includes a reclassification associated with the forfeiture of fully vested awards and enforcement of non-compete provisions and reflects the reclassification of compensation
and benefits expense associated with the Firm's third quarter gain on its sale of 12.5 million shares of Moelis Australia.
Our Adjusted results apply certain adjustments from our GAAP results, including the assumption that 100% of the Firm’s third quarter 2019 income
was taxed at our corporate effective tax rate. We believe the Adjusted results, when presented together with comparable GAAP results, are useful to
investors to compare our performance across periods and to better understand our operating results.
[ 14 ]
Three Months Ended September 30, 2019
($ in thousands) U.S. GAAP Adjustments
Adjusted
(non-GAAP)
Revenues $231,700 - $231,700
Expenses
Compensation and Benefits $141,697 $(8,124)¹ $133,573
Non Compensation Expenses $35,720 - $35,720
Total Operating Expenses $177,417 $(8,124) $169,293
Operating Income $54,283 $8,124 $62,407
Compensation Ratio 61.2 % 57.6 %
Non-Compensation Ratio 15.4 % 15.4 %
Operating Income Margin 23.4 % 26.9 %

16. Quarterly Revenue Summary
QUARTERLY REVENUE (Q1 2013 – Q3 2019)
Revenue
($mm)
Source: Company filings
Note: Management primarily focuses on annual revenue measures as revenues in any quarter may not be indicative of full year results and the results of any period may vary
significantly from quarter to quarter and year to year. For the purpose of understanding the Company’s historical experience for the 9-year period of 2010-2018, revenues on
average were distributed over the four calendar quarters as follows: Q1: 21%; Q2: 24%; Q3: 25%; Q4: 30%. The quarterly revenue data for Q1 2013 through Q3 2019 was
derived from our unaudited financial statements included in our Form 10-Qs and our audited financial statements included in our Form 10-Ks. The quarterly revenue data
for 2010, 2011 and 2012 was prepared on substantially the same basis as the unaudited financial statements in our Form 10-Qs and our audited financial statements in our
Form 10-Ks and includes all normal and recurring adjustments that we consider necessary for a fair presentation of revenue for these periods
1. Sum of four quarters may not add up to 100% due to rounding
% of Full Year
Revenue 1 15% 24% 24% 38% 22% 25% 25% 28% 18% 23% 28% 32% 21% 21% 25% 33% 25% 25% 25% 25% 25% 25% 23% 27% N/A N/A N/A
[ 15 ]
$59.8
$98.5$98.7
$154.3
$114.5
$131.7
$128.7
$143.9
$99.4
$125.9
$151.8
$174.8
$126.4
$131.7
$150.7
$204.6
$173.3
$172.1
$170.0$169.2
$219.4$220.4
$207.7
$238.3
$137.8
$153.5
$231.7
$50.0
$75.0
$100.0
$125.0
$150.0
$175.0
$200.0
$225.0
$250.0
Q1
2013
Q2
2013
Q3
2013
Q4
2013
Q1
2014
Q2
2014
Q3
2014
Q4
2014
Q1
2015
Q2
2015
Q3
2015
Q4
2015
Q1
2016
Q2
2016
Q3
2016
Q4
2016
Q1
2017
Q2
2017
Q3
2017
Q4
2017
Q1
2018
Q2
2018
Q3
2018
Q4
2018
Q1
2019
Q2
2019
Q3
2019

17. 51.1
10.4
2.6
4.4 68.5
20.0
30.0
40.0
50.0
60.0
70.0
80.0
Basic Class A
Common Shares
Class A Partnership
Units Held by EOs &
MDs
Class A Partnership
Units Held by Pre-IPO
Strategic Investor
Unvested RSUs and
Options
Diluted Class A
Shares / Exchangeable
Units
(As Adjusted)
Share Count Breakdown
Notes: Data represents weighted-average for the three month period ending September 30, 2019
1. Includes 1.8 million undelivered awards with no remaining service requirement
2. Includes former Managing Directors and Employees
3. In April 2020, all outstanding Class A Partnership Units will be off of lock-up
4. As calculated under the treasury stock method
For the Three Months
ended September 30, 2019
(shares in millions)
2, 3
1 4
[ 16 ]

18. %ofTotalDealCount
Source: Thomson Reuters
Note: Represents percent of total company deal count; based on completed M&A transactions from 1/1/2013 to 12/31/2018; excludes transactions less than $100 million and
those with no transaction value disclosed
1. PJT’s data represents Blackstone M&A from 1/1/2013 to 9/30/2015; PJT M&A from 10/1/15 – 12/31/18
1
Historical Deal Distribution by
Transaction Size
49% 45% 43%
62%
42% 39%
20%
19% 21%
17%
18%
17%
31% 36% 36%
21%
40% 44%
0%
20%
40%
60%
80%
100%
Moelis Evercore Greenhill Houlihan Lazard PJT
$100mm - $500mm $500mm - $1.0bn >$1.0bn
[ 17 ]