Martin L. Flanagan · Summary of third quarter 2013 results Assets under management September 30, 2013 AUM of $745.5 billion versus $705.6 billion at June 30, 2013 Average AUM was

Invesco third quarter 2013 results

Martin L. FlanaganPresident and Chief Executive Officer

Loren M. StarrChief Financial Officer

October 31, 2013

1

This presentation, and comments made in the associated conference call today, may include “forward-looking statements.” Forward-looking statements include information concerning future results of our operations, expenses, earnings, liquidity, cash flow and capital expenditures, industry or market conditions, AUM, acquisitions and divestitures, debt and our ability to obtain additional financing or make payments, regulatory developments, demand for and pricing of our products and other aspects of our business or general economic conditions. In addition, words such as “believes,” “expects,” “anticipates,” “intends,” “plans,” “estimates,” “projects,” “forecasts,” and future or conditional verbs such as “will,” “may,” “could,” “should,” and “would” as well as any other statement that necessarily depends on future events, are intended to identify forward-looking statements.

Forward-looking statements are not guarantees, and they involve risks, uncertainties and assumptions. There can be no assurance that actual results will not differ materially from our expectations. We caution investors not to rely unduly on any forward-looking statements and urge you to carefully consider the risks described in our most recent Form 10-K and subsequent Forms 10-Q, filed with the Securities and Exchange Commission.

You may obtain these reports from the SEC’s website at www.sec.gov. We expressly disclaim any obligation to update the information in any public disclosure if any forward-looking statement later turns out to be inaccurate.

Forward-looking statements

Discussion topics

Third quarter overview

Investment performance and flows

Update on EMEA

Financial Results

Questions

Appendix

2

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– Maintained strong, long-term investment performance – 82% of actively managed assets ahead of peers on a 3- and 5-year basis

– Strong investment performance, broad diversity of flows and continued focus on clients contributed to net flows of $9.1 billion

– Adjusted operating income1 up 34% over same quarter a year ago

– Adjusted operating margin1 improved to 40.2% from 34.5% in same quarter a year ago – an increase of 5.7 percentage points

– Invesco Ltd. Board authorized additional $1.5 billion in share repurchases

Continued strong investment performance and favorable market conditions contributed to solid operating results


1. Non-GAAP financial measures - See Appendix to this presentation for a reconciliation of adjusted operating income (and by calculation adjusted operating margin), to the most directly comparable U.S. GAAP financial measure.

NOTE: All Non-GAAP operating results and AUM disclosures in this presentation exclude Atlantic Trust for all periods presented. See Appendix to this presentation for the reconciliations of operating results to the most directly comparable U.S. GAAP financial measures, where Atlantic Trust has been presented as a discontinued operation. At September 30, 2013, the excluded Atlantic Trust total AUM were $22.8 billion.

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Summary of third quarter 2013 results

Assets under management

September 30, 2013 AUM of $745.5 billion versus $705.6 billion at June 30, 2013

Average AUM was $729.4 billion versus $719.8 billion for the second quarter

Flows

Overall operating results*

Capital management

Total net inflows of $9.1 billion Net long-term inflows of $5.0 billion

Adjusted operating income was $328 million versus $311 million in the second quarter

Adjusted operating margin was 40.2% in the quarter versus 39.3% in the second quarter

Adjusted diluted EPS for the quarter was $0.55 versus $0.50 in the prior quarter

Quarterly dividend of 22.5 cents per share, a return of capital of $101 million

$1.5 billion of additional share repurchase authorized by the Board

* Non-GAAP financial measures - See Appendix to this presentation for a reconciliation of net revenues, adjusted operating income (and by calculation adjusted operating margin), and adjusted net income (and by calculation adjusted diluted EPS) to the most directly comparable U.S. GAAP financial measure.

Discussion topics



Update on EMEA

Financial results

Questions

Appendix

5

This image cannot currently be displayed.

1-Year 3-Year

Assets top half of peer group

Assets bottom half of peer group

5-Year

Percent of actively managed assets in top half of peer group*

Investment performance – overviewAggregate performance analysis – asset weighted

72%

28%

82%

18%

82%

18%

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*Excludes passive products, closed-end funds, private equity limited partnerships, non-discretionary funds, unit investment trusts, fund of funds with component funds managed by Invesco, stable value building block funds and CDOs. Atlantic Trust results excluded beginning 6/30/13 due to upcoming disposition. Certain funds and products were excluded from the analysis because of limited benchmark or peer group data. Had these been available, results may have been different. These results are preliminary and subject to revision.

Data as of 9/30/2013. Includes AUM of $454.2 billion (61% of total IVZ) for 1 year, $451.4 billion (61% of total IVZ) for three year, and $424.5 billion (57% of total IVZ) for 5 year. Peer group rankings are sourced from a widely-used third party ranking agency in each fund’s market (Lipper, Morningstar, IMA, Russell, Mercer, eVestment Alliance, SITCA, Value Research) and asset-weighted in USD. Rankings are as of prior quarter-end for most institutional products and prior month-end for Australian retail funds due to their late release by third parties. Rankings for the most representative fund in each GIPS composite are applied to all products within each GIPS composite. Performance assumes the reinvestment of dividends. Past performance is not indicative of future results and may not reflect an investor’s experience.

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Quarterly long-term flowsContinued strong gross sales across our global business

Total AUM Active AUM Passive AUM

Quarterly long-term flows ($ billions)

Gross sales

Gross redemptions

Net long-term flows

29.834.1

29.434.0 34.4

47.644.4

41.8

-27.6-31.9

-32.4

-25.5

-31.7-33.3

-43.0-36.8

2.2 2.2

-3.0

8.52.7

14.3

1.45.0

4Q11 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13

20.5

25.523.8 25.2

27.7

34.1 32.6 33.1

-21.2

-27.0 -27.1-21.9

-26.5 -26.2

-32.5-28.3

-0.7 -1.5 -3.3

3.31.2

7.9

0.1

4.8

4Q11 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13

9.3 8.6

5.6

8.8

6.7

13.5

11.88.7

-6.4-4.9 -5.3

-3.6-5.2

-7.1

-10.5-8.5

2.93.7

0.3

5.2

1.5

6.4

1.30.2

4Q11 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13

Gross sales

Gross redemptions

Net long-term flows

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(a) Retail quarterly flows include retail products in the U.S., Canada, U.K., Continental Europe, Asia and our offshore product line. (b) Institutional quarterly flows include our institutional business in the U.S., U.K., Continental Europe and Asia and excludes institutional money

market.

Retail(a) Institutional(b)

Quarterly long-term flows ($ billions)

Quarterly long-term flowsContinued strong gross sales in the retail channel

20.2

26.924.3

26.0 26.9

36.2 37.7 35.5

-21.8 -24.0 -24.6-20.3

-24.8-25.9

-32.8 -29.0

-1.6

2.9

-0.3

5.72.1

10.34.9

6.5

4Q11 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13

9.6

7.25.1

8.0 7.5

11.4

6.7 6.3

-5.8

-7.9 -7.8

-5.2-6.9 -7.4

-10.2-7.8

3.8

-0.7-2.7

2.80.6

4.0

-3.5

-1.5

4Q11 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13

Asset allocation strategies remain important but the third quarter saw a shift to risk-based assets

-

5.0

10.0

15.0

20.0

25.0

30.0

35.0

1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13

Invesco Global Asset Allocation AUM ($ billions)

(1.0)

-

1.0

2.0

3.0

4.0

5.0

1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13

Invesco Global Asset Allocation Net Flows ($ billions)

Invesco Balanced-Risk Allocation strategies (global aggregate)

Asset allocation extension strategies (global aggregate)

Source: Invesco. Asset allocation extension strategies include balanced-risk commodity, balanced-risk income and active balanced strategies

This is not to be construed as an offer to buy or sell any financial instruments nor does it constitute a recommendation of the suitability of any investment strategy for a particular investor. Additionally , this strategy may not be available to all investors or in all jurisdictions. To determine if this strategy is available in your jurisdiction, contact your local Invesco office and carefully read all legal documents before investing. The strategy is managed and distributed by wholly-owned affiliates of Invesco Ltd. See appendix page 18 for additional information.

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26%24% 25%

20%

26% 25%

32% 31%

38%

33% 32%

28%31% 30%

34% 35%

Q4 2011 Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Q3 2013

12.516.4

14.617.1 16.1

22.0 21.8 21.6

(0.8)

3.5 0.7

5.9

0.6

6.8

1.1 2.9

Q4 2011 Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Q3 2013

US Retail gross sales remained strong at $21.6 billion for the quarter – up 26% year over year

Source: Data underlying the industry redemption rates are sourced from the ICI and calculated by Invesco.

*Invesco US Retail excludes PowerShares QQQ and money market, and is through August 31, 2013

Industry redemption rates include proprietary, non-proprietary, direct, institutional, VA and ETF channels and reflects Q3 2013 through August 31, 2013.10

Invesco* Industry

Percentage above the bars is change in gross sales from prior quarter

($ billions)

Net sales

Annualized redemption rate (rolling 3-month average)

Gross and net sales

(15%)

+32%(11%)

+17% (6%)

+37% (1%) (1%)

Discussion topics



Update on EMEA

Financial results

Questions

Appendix

11

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– Has delivered strong, long-term investment performance

– An experienced, capable and well-tenured fund management team supported by a robust investment culture

– Tremendous breadth of investment capabilities

– Strong organic growth

– Highly regarded and well-recognized brand

– Resources of a global firm

Well-positioned in EMEAA strong and growing business

Well-positioned for long-term success across the UK and Continental Europe

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48.5

745.5

116.2Invesco EMEA

Invesco Ltd.

AUM ($, billions)

164.7


YTD 2013 LT Net Flows (billions) Annualized LT Organic Growth

Invesco Ltd. +$20.7 +4%

Invesco EMEA (ex‐UK Equity Income) +$8.8 +12%

UK Equity Income ($0.6) ‐2%

UK Equity Income AUM

EMEA Ex-UK Equity Income AUM

Data as of September 30, 2013; year to date annualized.

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Asset-weighted investment performance%, end of September 2013

97%

3%

98%

2%

3 year 5 year

Top half of peer group Bottom half of peer group

Invesco PerpetualA deep and well-tenured team with strong investment performance

$78.4 billion in assets under management

Named best investment management group by Money Marketing Financial Services Awards, Lipper and Money Observer for 2013

86%

14%

87%

13%

3 year 5 year

Equal-weighted investment performance%, end of September 2013

Past performance is not a guide to future returns

Source: Invesco Perpetual as at 30 September 2013.Performance data includes all Invesco Perpetual branded UK domiciled ICVC Funds in a representative IMA Sector. Performance is based in Sterling on a mid-to-mid basis, inclusive of net reinvested income and net of the annual management charge and all other fund expenses. Peer Group rankings are sourced and based upon IMA sectors. Performance data excludes funds within the IMA Specialist Fund sector as there are no peers, and also excludes two Invesco Perpetual fund of fund ICVC’s to avoid double counting the assets.Any reference to a rating, a ranking or an award is not a guarantee of investment performance and is not constant over time.AUM measured in three and five year quartile rankings represents 11%, and 10% of total Invesco AUM, respectively.

15

Invesco PerpetualA comprehensive range of capabilities overseen by a deep and well-tenured team

UK Equity European Equity

10 fund managers/analysts19 years’ average experience10 years’ average with firm

Emerging Market Equity


Global Equity1

Asian Equity Japanese Equity

US Equity Fixed Interest







Multi-asset

4 fund managers/analysts18 years’ average experienceNew to the firm

Source: Invesco Perpetual as at 30 September 20131 As illustrated by the Invesco Perpetual Global Equity Group. This group includes members who have also been accounted in their individual asset classes

16

Continental EuropeA comprehensive range of capabilities overseen by a deep and well-tenured team

Invesco Real Estate

– One of the world’s largest real estate management firms with a significant EMEA profile

– In market since 1996

– $6.3 billion under management, 102 employees, 6 offices across Continental Europe

– Supported by Invesco Global Real Estate, with $52 billion under management, 18 offices and 351 employees globally

Source: Invesco. IRE data as of 30 June; IQS data as at 30 September 2013

Invesco Quantitative Strategies

– Manages $23 billion in AUM

– 40 investment professionals across Germany, Australia, Japan and the US

– Full range of strategies, including passive, active, low volatility concepts, outcome-oriented balanced solutions and liquid alternatives

17

Asset-weighted investment performance%, end of September 2013

87%

13%

84%

16%

3 year 5 year

Top half of peer group Bottom half of peer group

Driven by a broad product range well-suited to European investor needs and strong historical investment performance, our Continental European business now represents ~$43B of AUM

Year-to-date organic growth rate of 26%

Cross border fund rangeInvesco well-positioned for success in the $1.6T cross-border market

Source: Morningstar and Performa as at September 30th, 2013Data includes Aggregate Asset Weighted Performance of all Invesco Global Product Range funds domiciled in Luxembourg and Ireland in base currency on a bid-to-bid basis, inclusive of gross reinvested income and net of fees.Peer Group rankings are sourced and based upon Morningstar GIF sectors.The data excludes Powershares ETFs.Any reference to a rating, a ranking or an award is not a guarantee of investment performance and is not constant over time. Certain funds and products were excluded from the analysis because of limited benchmark or peer group data. Had these been available, results may have been different. These results are preliminary and subject to revision. AUM measured in three and five year quartile rankings represents 5%, and 4% of total Invesco AUM, respectively.

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– Has delivered strong, long-term investment performance

– An experienced, capable and well-tenured fund management team supported by a robust investment culture

– Tremendous breadth of investment capabilities

– Strong organic growth

– Highly regarded and well-recognized brand

– Resources of a global firm


Well-positioned for long-term success across the UK and Continental Europe

Discussion topics



Update on EMEA

Financial results

Questions

Appendix

19

($ billions) 3Q-13 2Q-13 % Change

Beginning Assets $705.6 $707.7 (0.3)%

Long-Term Inflows 41.8 44.4 (5.9)%

Long-Term Outflows (36.8) (43.0) (14.4)%

Long-Term Net flows 5.0 1.4 N/A

Net flows in Invesco PowerShares QQQ 0.8 0.7 14.3%

Net flows in Inst. Money Market Funds 3.3 (0.7) N/A

Total Net Flows 9.1 1.4 550.0%

Market Gains and Losses/Reinvestment 22.4 (1.3) N/A

Foreign Currency Translation 8.4 (2.2) N/A

Ending Assets $745.5 $705.6 5.7%

Average Long-Term AUM $616.2 $609.1 1.2%

Average Short-Term AUM* $113.2 $110.7 2.3%

Average AUM $729.4 $719.8 1.3%

Net Revenue Yield (annualized)** 44.8bps 43.9bps

Net Revenue Yield Before Performance Fees (annualized)** 44.3bps 43.4bps

* Short-term average AUM includes money market of $76.2 billion and PowerShares QQQ $37.0 billion** Non-GAAP financial measure - See the Appendix to this presentation for a reconciliation of net revenues, adjusted operating income (and by calculation

adjusted operating margin), and adjusted net income (and by calculation adjusted diluted EPS) to the most directly comparable U.S. GAAP financial measure.20

Total assets under management – 3Q13 vs. 2Q13

($ millions) 3Q-13 2Q-13 % ChangeAdjusted Revenues

Investment Management Fees 938 905 3.6%

Service and Distribution Fees 221 216 2.3%

Performance Fees 9 9 (5.6)%

Other 33 29 14.5%

Third-Party Distribution, Service and Advisory Expenses (384) (369) 4.2%

Adjusted Net Revenues 816 790 3.3%

Adjusted Operating Expenses

Employee Compensation 328 323 1.7%

Marketing 24 24 (3.3)%

Property, Office and Technology 73 68 6.3%

General and Administrative 64 64 (0.8)%

Total Adjusted Operating Expenses 488 480 1.8%

Adjusted Operating Income 328 311 5.6%

Adjusted Other Income/(Expense)

Equity in Earnings of Unconsolidated Affiliates 8 4 108.3%

Interest and Dividend Income 3 3 (2.9)%

Interest Expense (10) (10) (3.0)%

Other Gains and Losses, net 6 (1) N/A

Adjusted Income from continuing operations before income taxes 335 307 9.2%

Effective Tax Rate 26.6% 27.1%

Adjusted Net Income 246 224 10.0%

Adjusted net (income)/loss attributable to non-controlling interestsin consolidated entities

- - N/A

Adjusted Net Income attributable to common shareholders 246 224 10.0%

Adjusted diluted EPS $0.55 $0.50 10.0%

Adjusted Operating Margin 40.2% 39.3%

Average AUM ($ billions) 729.4 719.8 1.3%

Headcount 5,864 5,818 0.8%

Non-GAAP financial measures - See the Appendix to this presentation for a reconciliation of net revenues, adjusted operating income (and by calculation adjusted operating margin), and adjusted net income (and by calculation adjusted diluted EPS) to the most directly comparable U.S. GAAP financial measure.21

Non-GAAP operating results – 3Q13 vs. 2Q13

22

– Maintained strong, long-term investment performance – 82% of actively managed assets ahead of peers on a 3- and 5-year basis

– Strong investment performance, broad diversity of flows and continued focus on clients contributed to net flows of $9.1 billion

– Adjusted operating income1 up 34% over same quarter a year ago

– Adjusted operating margin1 improved to 40.2% from 34.5% in same quarter a year ago – an increase of 5.7 percentage points

– Invesco Ltd. Board authorized additional $1.5 billion in share repurchases

Continued strong investment performance and favorable market conditions contributed to solid operating results


1. Non-GAAP financial measures - See Appendix to this presentation for a reconciliation of adjusted operating income (and by calculation adjusted operating margin), to the most directly comparable U.S. GAAP financial measure.

NOTE: All Non-GAAP operating results and AUM disclosures in this presentation exclude Atlantic Trust for all periods presented. See Appendix to this presentation for the reconciliations of operating results to the most directly comparable U.S. GAAP financial measures, where Atlantic Trust has been presented as a discontinued operation. At September30, 2013, the excluded Atlantic Trust total AUM were $22.8 billion.

Discussion topics



Update on EMEA

Financial results

Questions

23

Appendix

Discussion topics



Update on EMEA

Financial results

Questions

Appendix

24

25

Additional Information for Invesco Balanced-Risk Allocation FundAs of September 30, 2013

Invesco Balanced Risk Allocation Fund is a US registered ’40-Act mutual fund that is distributed by Invesco Distributors, Inc., a wholly-owned indirect subsidiary of Invesco Ltd.

This image cannot currently be displayed.

% of assets top half of peer group

% of assets bottom half of peer group

Investment performance (5-year)By investment objective (actively managed assets)*Percentages in parentheses represent %AUM of each investment objective as a ratio of all objectives (Total ranked AUM of $424.5 billion)

39

61

98

2

87

13

80

20

46

54

73

27

67

33

93

7

EquitiesU.S. Core (5%) U.S. Growth (6%) U.S. Value (11%)

Asian (5%)Canadian (1%)U.K. (11%)

Sector (1%)

European (2%)

26


Data as of 9/30/2013. Includes AUM of $424.5 billion (57% of total IVZ) for 5 year. Peer group rankings are sourced from a widely-used third party ranking agency in each fund’s market (Lipper, Morningstar, IMA, Russell, Mercer, eVestment Alliance, SITCA, Value Research) and asset-weighted in USD. Rankings are as of prior quarter-end for most institutional products and prior month-end for Australian retail funds due to their late release by third parties. Rankings for the most representative fund in each GIPS composite are applied to all products within each GIPS composite. Performance assumes the reinvestment of dividends. Past performance is not indicative of future results and may not reflect an investor’s experience.

Equities Other

Fixed income

% of assets top half of peer group

% of assets bottom half of peer group

Investment performance (5-year)By investment objective (actively managed assets)*Percentages in parentheses represent %AUM of each investment objective as a ratio of all objectives (Total ranked AUM of $424.5 billion)

64

36

97

3

97

3

96

4

29

71

88

12

74

26

100

-

Global (3%)Global ex-US and emerging markets (5%) Alternatives (6%) Balanced (8%)

Money market (18%) U.S. fixed income (5%) Global fixed income (5%) Stable value (6%)

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Data as of 9/30/2013. Includes AUM of $424.5 billion (57% of total IVZ) for 5 year. Peer group rankings are sourced from a widely-used third party ranking agency in each fund’s market (Lipper, Morningstar, IMA, Russell, Mercer, eVestment Alliance, SITCA, Value Research) and asset-weighted in USD. Rankings are as of prior quarter-end for most institutional products and prior month-end for Australian retail funds due to their late release by third parties. Rankings for the most representative fund in each GIPS composite are applied to all products within each GIPS composite. Performance assumes the reinvestment of dividends. Past performance is not indicative of future results and may not reflect an investor’s experience.

Investment performance By investment objective (actively managed assets)*

98%99%98%

1-Yr 3-Yr 5-Yr

U.S. Core U.S. Growth U.S. Value Sector

U.K.

100%

Canadian Asian European

Equities

100%100%100%

100%100%

79% 80%79%

27%

45% 52%45%

32% 35%

1-Yr 3-Yr 5-Yr

100% 100%

65% 57% 74% 68%

30%22% 25%

1-Yr 3-Yr 5-Yr

28%

41%

94%

41%

87%

28%

46%

1-Yr 3-Yr 5-Yr

71%

94%

76%

42%

14%

9%

9%

6%

40%

1-Yr 3-Yr 5-Yr

100% 100% 100%

66%

20% 17%

34%

56% 56%

1-Yr 3-Yr 5-Yr

68% 68%

79%

12% 12%24%

45% 46%

43%

1-Yr 3-Yr 5-Yr

AUM above benchmark1st quartile 2nd quartile

1-Yr 3-Yr 5-Yr

73%

50%

29%55%

33% 27%

10%

16%12%

100%

100%

7%

7%

41%

91%98%


Data as of 9/30/2013. AUM measured in the one, three, and five year quartile rankings represents 61%, 61%, and 57% of total Invesco AUM, respectively, and AUM measured versus benchmark on a one, three, and five year basis represents 72%, 71, and 68% of total Invesco AUM, respectively, as of 9/30/13. Peer group rankings are sourced from a widely-used third party ranking agency in each fund’s market (Lipper, Morningstar, IMA, Russell, Mercer, eVestment Alliance, SITCA, Value Research) and asset-weighted in USD. Rankings are as of prior quarter-end for most institutional products and prior month-end for Australian retail funds due to their late release by third parties. Rankings for the most representative fund in each GIPS composite are applied to all products within each GIPS composite. Performance assumes the reinvestment of dividends. Past performance is not indicative of future results and may not reflect an investor’s experience.

28

75%

98%

42%

13%

58%

65%

83%

2%

34%

1-Yr 3-Yr 5-Yr

97% 97%

20%

94% 93%

16%4%

1%

1-Yr 3-Yr 5-Yr

59%

72%

53%

9% 5% 12%

89% 91%85%

1-Yr 3-Yr 5-Yr

70%

84%

56%

58% 66% 68%

9%7%

20%

1-Yr 3-Yr 5-Yr

81%88%

75%

14%

51%

4%

68%

31%

70%

1-Yr 3-Yr 5-Yr

46% 50%58%

56%43%

8%16%

17%

12%

1-Yr 3-Yr 5-Yr

GlobalGlobal ex-U.S. andEmerging markets Alternatives

Money market U.S. fixed income Global fixed income

Equities Other

Fixed income

Balanced100%

Stable value100%

100%100%100%

100%100%

Investment performanceBy investment objective (actively managed assets)*

AUM above benchmark1st quartile 2nd quartile

91%81%

73%

8%23%

30%

76% 41%

43%

1-Yr 3-Yr 5-Yr

100% 100% 100%

72% 72%

100%

28%28%

1-Yr 3-Yr 5-Yr

100%


Data as of 9/30/2013. AUM measured in the one, three, and five year quartile rankings represents 61%, 61%, and 57% of total Invesco AUM, respectively, and AUM measured versus benchmark on a one, three, and five year basis represents 72%, 71, and 68% of total Invesco AUM, respectively, as of 9/30/13. Peer group rankings are sourced from a widely-used third party ranking agency in each fund’s market (Lipper, Morningstar, IMA, Russell, Mercer, eVestment Alliance, SITCA, Value Research) and asset-weighted in USD. Rankings are as of prior quarter-end for most institutional products and prior month-end for Australian retail funds due to their late release by third parties. Rankings for the most representative fund in each GIPS composite are applied to all products within each GIPS composite. Performance assumes the reinvestment of dividends. Past performance is not indicative of future results and may not reflect an investor’s experience.

29

68%

4%

15%

7%

7%

47%

7%

11%

23%

12%

30

We are diversified as a firmDelivering a diverse set of solutions to meet client needs

As of September 30, 2013

By client domicile By channel By asset class

$502.5$26.4

$113.1$51.6$51.9

$745.5Total

U.S.CanadaU.K.Europe Asia

10.6%5.6%

13.6%44.9%7.5%

12.4%

1-Yr Change($ billions)

$492.0$253.5

$745.5Total

RetailInstitutional

16.2%5.8%

12.4%


$353.2$53.5$81.1

$172.4$85.3

Total

Equity BalancedMoney MarketFixed IncomeAlternative

18.2% 35.1%10.8%3.2%1.2%

12.4%


$745.5

66%

34%

31

Non-GAAP operating results – quarterly

($ millions) 3Q-13 2Q-13 % Change* 1Q-13 4Q-12 3Q-12 2Q-12 1Q-12 4Q-11

Investment Management Fees 938 905 3.6% 863 836 813 775 787 747

Service and Distribution Fees 221 216 2.3% 206 200 196 187 189 181

Performance Fees 9 9 (5.6)% 39 4 3 16 21 12

Other 33 29 14.5% 26 27 24 26 33 45

Third-party distribution, service and advisory expense (384) (369) 4.2% (346) (336) (328) (318) (318) (303)

Total Operating Revenues 816 790 3.3% 788 731 708 686 711 682

Employee Compensation 328 323 1.7% 335 320 312 290 297 294

Marketing 24 24 (3.3)% 23 24 26 27 27 22

Property, Office and Technology 73 68 6.3% 66 69 66 65 63 59

General and Administrative 64 64 (0.8)% 58 60 59 60 60 62

Adjusted Operating Expenses 488 480 1.8% 482 472 464 441 447 436

Adjusted Operating Income 328 311 5.6% 306 258 244 245 265 246

Equity in Earnings of Unconsolidated Affiliates 8 4 108.3% 4 3 2 6 5 (1)

Interest and Dividend Income 3 3 (2.9)% 4 4 5 5 6 6

Interest Expense (10) (10) (3.0)% (10) (13) (13) (13) (14) (14)

Other Gains and Losses, net 6 (1) N/A (1) - 10 (2) 2 -

Adjusted Income from Continuing Operations before income taxes and minority interest

335 307 9.2% 304 252 248 240 264 236

Effective Tax Rate** 26.6% 27.1% N/A 26.6% 24.8% 26.3% 25.1% 25.5% 23.0%

Adjusted Net Income 246 224 10.0% 223 189 183 180 196 182

Adjusted net (income)/loss attributable to

noncontrolling interests in consolidated entities

- - N/A 2 - - - - -

Adjusted Net Income Attributable to Common Shareholders

246 224 10.0% 226 189 183 180 196 182

Adjusted Diluted EPS $0.55 $0.50 10.0% $0.50 $0.42 $0.40 $0.40 $0.43 $0.40

* % change based on unrounded figures** Effective tax rate = Adjusted Tax Expense / (Adjusted income before taxes + (gains)/losses attributable to non-controlling interests in consolidated

entities, net) See Reconciliation of US GAAP results to non-GAAP results in this appendix

32

US GAAP operating results – quarterly

($ millions) 3Q-13 2Q-13 % Change* 1Q-13 4Q-12 3Q-12 2Q-12 1Q-12 4Q-11

Investment Management Fees 914 886 3.3% 845 818 791 753 766 724

Service and Distribution Fees 221 216 2.3% 206 200 196 187 189 181

Performance Fees 5 6 (15.0)% 36 2 3 16 20 12

Other 32 28 11.7% 25 27 24 26 33 45

Total Operating Revenues 1,172 1,136 3.2% 1,112 1,047 1,014 982 1,008 962

Employee Compensation 330 324 1.9% 342 322 315 288 303 298

Third-Party Distribution, Service and Advisory 381 366 4.1% 346 350 326 316 316 301

Marketing 23 24 (5.0)% 22 23 26 26 26 21

Property, Office and Technology 72 69 4.8% 67 70 66 65 64 63

General and Administrative 80 77 3.6% 68 73 66 85 71 71

Transaction & Integration - 2 (100.0)% 1 3 3 1 2 6

Total Operating Expenses 886 862 2.8% 845 841 803 782 782 760

Operating Income 286 274 4.4% 267 206 211 200 226 202

Equity in Earnings of Unconsolidated Affiliates 10 7 49.3% 8 8 5 7 10 5

Interest and Dividend Income 3 2 19.0% 2 3 3 2 2 3

Interest Expense (10) (10) (3.0)% (10) (13) (13) (13) (14) (14)

Other Gains and Losses, net 3 0 N/A% 18 (21) 18 (8) 19 55

Interest Income of Consolidated Investment Products 47 51 (8.3)% 50 52 69 69 69 74

Interest Expense of Consolidated Investment Products (34) (31) 9.5% (33) (34) (42) (47) (46) (52)

Other Gains and (Losses) of Consolidated Investment Products, net

38 (2) N/A (21) (28) (25) 77 (122) 104

Income from continuing operations before income taxes 343 292 17.5% 282 173 226 287 145 376

Effective Tax Rate** 28.8% 28.7% 28.4% 27.3% 30.2% 28.7% 27.4% 26.9%

Income from continuing operations, net of taxes250 208 20.1% 196 117 154 226 73 304

Income/(loss) from discontinued operations, net of taxes (1) (5) (69.6)% 4 11 3 2 2 6

Net Income 249 204 22.1% 200 128 157 228 75 310

Net (Income)/Loss Attributable to Noncontrolling Interests in Consolidated Entities

(21) (1) N/A 23 31 14 (74) 119 (108)

Net Income Attributable to Common Shareholders 228 203 12.6% 222 159 171 154 194 202

EPS Diluted $0.51 $0.45 13.3% $0.49 $0.35 $0.38 $0.34 $0.42 $0.44

* % change based on unrounded figures** Effective tax rate = Tax Expense / (Income before income taxes+ (gains)/losses attributable to noncontrolling interests in consolidated entities, net)

33

Total assets under management – quarterly

($ billions) 3Q-13 2Q-13 % Change 1Q-13 4Q-12 3Q-12

Beginning Assets $705.6 $707.7 (0.3)% $667.4 $663.0 $627.6

Long-Term Inflows 41.8 44.4 (5.9)% 47.6 34.4 34.0

Long-Term Outflows (36.8) (43.0) (14.4)% (33.3) (31.7) (25.5)

Long-Term Net flows 5.0 1.4 N/A 14.3 2.7 8.5

Net flows in Invesco PowerShares QQQ 0.8 0.7 14.3% (0.4) (2.5) 0.6

Net flows in Inst. Money Market Funds 3.3 (0.7) N/A 4.8 0.1 2.3

Total Net Flows 9.1 1.4 550.0% 18.7 0.3 11.4

Market Gains and Losses/Reinvestment 22.4 (1.3) N/A 30.5 5.3 21.4

Acquisitions/dispositions, net - - N/A - - (1.7)

Foreign Currency Translation 8.4 (2.2) XX% (8.9) (1.2) 4.3

Ending Assets $745.5 $705.6 5.7% $707.7 $667.4 $663.0

Average Long-Term AUM $616.2 $609.1 1.2% $586.0 $559.1 $545.6

Average Short-Term AUM $113.2 $110.7 2.3% $105.6 $101.1 $102.9

Average AUM $729.4 $719.8 1.3% $691.6 $660.2 $648.5

Gross Revenue Yield (annualized)* 64.6bps 63.4bps 64.6bps 63.7bps 62.8bps

Gross Revenue Yield Less Performance Fees (annualized)*

64.3bps 63.1bps 62.5bps 63.6bps 62.6bps

Net Revenue Yield (annualized)** 44.8bps 43.9bps 45.6bps 44.3bps 43.7bps

Net Revenue Yield Less Performance Fees

(annualized)**44.3bps 43.4bps 43.3bps 44.0bps 43.5bps

* Gross revenue yield on AUM is equal to total operating revenues divided by average AUM, excluding JV AUM. Average AUM for 3Q13, for our joint ventures in China were $4.0bn (2Q13:$3.6bn; 1Q13:$3.3bn; 4Q12:$2.9bn; 3Q12:$2.9bn;)

**Net Revenue Yield on AUM is equal to net revenues divided by average AUM including JV AUM. Average AUM for 3Q13, for our JV in China were $4.0bn (2Q13:$3.6bn; 1Q13:$3.3bn; 4Q12:$2.9bn; 3Q12:$2.9bn)

34

Total assets under management – by asset class

June 30, 2013 $705.6 $321.4 $173.1 $49.7 $77.8 $83.6

Long-Term Inflows 41.8 22.8 8.4 3.7 1.0 5.9

Long-Term Outflows (36.8) (18.2) (9.5) (3.5) (1.1) (4.5)

Long-Term Net flows 5.0 4.6 (1.1) 0.2 (0.1) 1.4

Net flows in Invesco PowerShares QQQ 0.8 0.8 - - - -

Net flows in Inst. Money Market Fund

3.3 - - - 3.3 -

Market Gains and Losses/Reinvestment

22.4 20.7 (0.7) 2.3 0.2 (0.1)

Foreign Currency Translation 8.4 5.7 1.1 1.3 (0.1) 0.4

September 30, 2013 $745.5 $353.2 $172.4 $53.5 $81.1 $85.3

($ billions)Total Equity

Fixed

Income Balanced

Money

Market Alternative

March 31, 2013 $707.7 $319.1 $175.9 $49.3 $77.8 $85.6



Long-Term Net flows 1.4 (1.4) 0.1 2.1 0.5 0.1


Net flows in Inst. Money Market Fund

(0.7) - - - (0.7) -


(1.3) 4.3 (2.7) (1.5) 0.2 (1.6)

Foreign Currency Translation (2.2) (1.3) (0.2) (0.2) - (0.5)

35

Total assets under management – by asset class

December 31, 2012 $667.4 $295.6 $171.9 $43.6 $73.3 $83.0



Long-Term Net flows 14.3 2.3 5.0 5.0 (0.1) 2.1

Net flows in Invesco PowerShares QQQ (0.4) (0.4) - - - -

Net flows in Inst. Money Market Fund4.8 - - - 4.8 -

Market Gains and Losses/Reinvestment 30.5 27.3 0.3 1.9 (0.2) 1.2

Foreign Currency Translation (8.9) (5.7) (1.3) (1.2) - (0.7)

March 31, 2013 $707.7 $319.1 $175.9 $49.3 $77.8 $85.6


Fixed

Income Balanced

Money

Market Alternative

September 30, 2012 $663.0 $298.9 $167.0 $39.6 $73.2 $84.3



Long-Term Net flows 2.7 (3.3) 3.4 3.3 (0.1) (0.6)


Net flows in Inst. Money Market Fund 0.1 - - - 0.1 -

Market Gains and Losses/Reinvestment 5.3 2.9 1.7 0.7 0.1 (0.1)

Foreign Currency Translation (1.2) (0.4) (0.2) - - (0.6)

36

Total assets under management – by channel

($ billions) Total Retail Institutional

March 31, 2013 $707.7 $454.9 $252.8

Long-Term Inflows 44.4 37.7 6.7

Long-Term Outflows (43.0) (32.8) (10.2)

Long-Term Net flows 1.4 4.9 (3.5)

Net flows in Invesco PowerShares QQQ 0.7 0.7 -

Net flows in Inst. Money Market Funds (0.7) - (0.7)

Market Gains and Losses/Reinvestment (1.3) (1.6) 0.3

Foreign Currency Translation (2.2) (1.2) (1.0)

June 30, 2013 $705.6 $457.7 $247.9





Net flows in Inst. Money Market Funds 3.3 - 3.3

Market Gains and Losses/Reinvestment 22.4 19.6 2.8

Foreign Currency Translation 8.4 7.4 1.0

September 30, 2013 $745.5 $492.0 $253.5

37

Total assets under management – by channel


September 30, 2012 $663.0 $423.4 $239.6



Long-Term Net flows 2.7 2.1 0.6

Net flows in Invesco PowerShares QQQ (2.5) (2.5) -



Foreign Currency Translation (1.2) 0.2 (1.4)

December 31, 2012 $667.4 $425.8 $241.6







Foreign Currency Translation (8.9) (6.9) (2.0)

March 31, 2013 $707.7 $454.9 $252.8

38

Total assets under management – by client domicile

($ billions) Total U.S. Canada U.K.Continental

Europe Asia

March 31, 2013 $707.7 $482.4 $26.0 $104.6 $44.3 $50.4



Long-Term Net flows 1.4 (0.3) (0.4) (0.6) 2.5 0.2


Net flows in Inst. Money Market Funds (0.7) (0.4) - 0.1 (0.1) (0.3)

Market Gains and Losses/Reinvestment (1.3) (0.9) 0.1 0.3 (0.4) (0.4)

Foreign Currency Translation (2.2) - (0.9) (0.1) 0.1 (1.3)

June 30, 2013 $705.6 $481.5 $24.8 $104.3 $46.4 $48.6



Long-Term Net flows 5.0 2.0 (0.2) (0.3) 2.2 1.3


Net flows in Inst. Money Market Funds 3.3 3.4 0.1 (0.2) - -

Market Gains and Losses/Reinvestment 22.4 14.7 1.1 2.7 2.5 1.4

Foreign Currency Translation 8.4 0.1 0.6 6.6 0.5 0.6

September 30, 2013 $745.5 $502.5 $26.4 $113.1 $51.6 $51.9

39

Total assets under management – by client domicile


Europe Asia

September 30, 2012 $663.0 $454.5 $25.0 $99.6 $35.6 $48.3



Long-Term Net flows 2.7 0.3 - (0.1) 1.9 0.6


Net flows in Inst. Money Market Funds 0.1 0.4 (0.1) (0.2) - -

Market Gains and Losses/Reinvestment 5.3 (0.2) 0.6 1.9 1.1 1.9

Foreign Currency Translation (1.2) - (0.3) 0.7 0.2 (1.8)

December 31, 2012 $667.4 $452.5 $25.2 $101.9 $38.8 $49.0



Long-Term Net flows 14.3 10.0 (0.1) (0.6) 5.0 -


Net flows in Inst. Money Market Funds 4.8 4.6 - 0.2 - -

Market Gains and Losses/Reinvestment 30.5 15.6 1.5 9.5 0.9 3.0

Foreign Currency Translation (8.9) 0.1 (0.6) (6.4) (0.4) (1.6)

March 31, 2013 $707.7 $482.4 $26.0 $104.6 $44.3 $50.4

40

Passive assets under management – by asset class

June 30, 2013 $123.7 $65.7 $42.5 - - $15.5

Long-Term Inflows 8.7 6.0 1.6 - - 1.1

Long-Term Outflows (8.5) (3.6) (3.9) - - (1.0)

Long-Term Net flows 0.2 2.4 (2.3) - - 0.1

Net flows in Invesco PowerShares QQQ 0.8 0.8 - -

Net flows in Inst. Money Market Funds

- - - - - -


4.9 5.2 (0.6) - - 0.3

Foreign Currency Translation - - - - - -

September 30, 2013 $129.6 $74.1 $39.6 - - $15.9


Fixed

Income Balanced

Money

Market Alternative

March 31, 2013 $123.1 $62.0 $41.9 - - $19.2



Long-Term Net flows 1.3 2.0 1.8 - - (2.5)



- - - - - -


(1.0) 1.0 (1.2) - - (0.8)

Foreign Currency Translation (0.4) - - - - (0.4)

December 31, 2012 $114.0 $55.5 $39.0 - - $19.5



Long-Term Net flows 6.4 3.1 3.3 - - -



- - - - - -


3.4 3.8 (0.4) - - -


March 31, 2013 $123.1 $62.0 $41.9 - - $19.2


Fixed

Income Balanced

Money

Market Alternative

September 30, 2012 $117.9 $59.2 $37.6 - - $21.1



Long-Term Net flows 1.5 0.9 1.5 - - (0.9)



- - - - - -


(2.6) (2.2) (0.1) - - (0.3)


41

Passive assets under management – by asset class

42

Passive assets under management – by channel


March 31, 2013 $123.1 $98.5 $24.6





Net flows in Inst. Money Market Funds - - -


Foreign Currency Translation (0.4) - (0.4)

June 30, 2013 $123.7 $100.0 $23.7

Long-Term Inflows 8.7 8.7 -






Foreign Currency Translation - - -

September 30, 2013 $129.6 $108.3 $21.3

43

Passive assets under management – by channel


September 30, 2012 $117.9 $94.7 $23.2








December 31, 2012 $114.0 $91.2 $22.8








March 31, 2013 $123.1 $98.5 $24.6

44

Passive assets under management – by client domicile


Europe Asia

March 31, 2013 $123.1 $116.9 $0.1 - $1.2 $4.9

Long-Term Inflows 11.8 11.5 - - 0.2 0.1

Long-Term Outflows (10.5) (8.3) - - (0.1) (2.1)

Long-Term Net flows 1.3 3.2 - - 0.1 (2.0)


Net flows in Inst. Money Market Funds - - - - - -

Market Gains and Losses/Reinvestment (1.0) (1.1) - - - 0.1


June 30, 2013 $123.7 $119.7 $0.1 - $1.3 $2.6

Long-Term Inflows 8.7 8.6 - - 0.1 -

Long-Term Outflows (8.5) (8.4) - - (0.1) -

Long-Term Net flows 0.2 0.2 - - - -



Market Gains and Losses/Reinvestment 4.9 4.7 - - 0.1 0.1

Foreign Currency Translation - - - - - -

September 30, 2013 $129.6 $125.4 $0.1 - $1.4 $2.7


Europe Asia

September 30, 2012 $117.9 $110.8 - - $1.3 $5.8

Long-Term Inflows 6.7 6.6 0.1 - - -


Long-Term Net flows 1.5 2.0 0.1 - (0.2) (0.4)



Market Gains and Losses/Reinvestment (2.6) (2.6) - - - -


December 31, 2012 $114.0 $107.8 0.1 - $1.1 $5.0

Long-Term Inflows 13.5 13.3 - - 0.2 -


Long-Term Net flows 6.4 6.4 - - 0.1 (0.1)

Net flows in Invesco PowerShares QQQ (0.4) (0.4) - -


Market Gains and Losses/Reinvestment 3.4 3.1 - - - 0.3


March 31, 2013 $123.1 $116.9 $0.1 - $1.2 $4.9

45

Passive assets under management – by client domicile

($ millions)

Operating Revenues

US GAAP

Basis

Proportional Consolidation

of Joint Ventures

3rd party distribution, service and

advisory expenses

Acquisition related

Market appreciation / depreciation of

deferred compensation

awards

Consolidated Investment

Products

Other* Non-GAAP basis

Investment Management Fees 914 15 - - - 9 - 938

Service and Distribution Fees 221 - - - - - - 221

Performance Fees 5 - - - - 3 - 9

Other 32 2 - - - - - 33

Third-Party Distribution, Service and Advisory - (3) (381) - - - - (384)

Total Operating Revenues reconciled to net revenues

Operating Expenses

1,172 14 (381) - - 12 - 816

Employee Compensation 330 4 - - (7) - - 328

Third-Party Distribution, Service and Advisory 381 - (381) - - - - -

Marketing 23 1 - - - - - 24

Property, Office and Technology 72 1 - - - - - 73

General and Administrative 80 1 - (4) - (13) (1) 64

Transaction & Integration - - - - - - - -

Total Operating Expenses 886 7 (381) (4) (7) (13) (1) 488

Operating Income reconciled to adjusted operating income 286 6 - 4 7 25 1 328

Equity in Earnings of Unconsolidated Affiliates 10 (5) - - - 2 - 8

Interest and Dividend Income 3 1 - - (1) 1 - 3

Interest Expense (10) - - - - - - (10)

Other Gains and Losses, net 3 - - - (9) 12 1 6

Interest Income of Consolidated Investment Products 47 - - - - (47) - -

Interest Expense of Consolidated Investment Products (34) - - - - 34 - -


38 - - - - (38) - -

Income from continuing operations before income taxes 343 2 - 4 (4) (11) 1 335

Income Tax Provision (93) (2) - 5 1 - - (89)

Income from continuing operations, net of income taxes 250 - 9 (3) (11) 1 246

Income/(loss) from discontinued operations, net of taxes (1) - 1 - - - -

Net income 249 10 (3) (11) 1 246


(21) - - - - 21 - -

Net Income Attributable to Common Shareholders reconciled to adjusted net income attributable to common shareholders

228 - - 10 (3) 9 1 246

Diluted EPS

Diluted Shares Outstanding

Operating margin

$0.51

448.8

24.4%

Adjusted diluted EPS


Adjusted Operating Margin

$0.55

448.8

40.2%

* Other: Please refer to pages 19-21 in the 3Q 2013 earnings press release for a description of the adjustments

Reconciliation of US GAAP results to non-GAAP results – three months ended September 30, 2013

46

($ millions)

Operating Revenues

US GAAP

Basis


of Joint Ventures


advisory expenses

Acquisition related



awards


Products





Other 28 1 - - - - - 29



Operating Expenses

1136 12 (366) - - 9 - 790

Employee Compensation 324 3 - - (3) - (1) 323


Marketing 24 1 - - - - - 24

Property, Office and Technology 69 1 - - - - (1) 68


Transaction & Integration 2 - - (2) - - - -






Other Gains and Losses, net - - - - (1) - (1) (1)




(2) - - - - 2 - -

Income from continuing operations before income taxes 292 3 - 6 1 2 3 307

Income Tax Provision (84) (3) - 4 - - (1) (83)

Income from continuing operations, net of income taxes 208 - 10 1 2 2 224

Income/(loss) from discontinued operations, net of taxes (5) - 5 - - - -

Net income 204 14 1 2 2 224


(1) - - - - 1 - -


203 - - 14 1 4 2 224

Diluted EPS


Operating margin

$0.45

450.1

24.1%




$0.50

450.1

39.3%


Reconciliation of US GAAP results to non-GAAP results – three months ended June 30, 2013

47

($ millions)

Operating Revenues

US GAAP

Basis


of Joint Ventures


advisory expenses

Acquisition related


deferred compensation awards


Products





Other 25 1 - - - - - 26

Third-Party Distribution, Service and Advisory - (2) (346) - - - 3 (346)


Operating Expenses

1112 10 (346) - - 9 3 788

Employee Compensation 342 4 - (2) (8) - - 335


Marketing 22 1 - - - - - 23





Operating Income reconciled to adjusted operating income

267 4 - 8 8 11 9 306

Equity in Earnings of Unconsolidated Affiliates 8 (5) - - - - - 4



Other Gains and Losses, net 18 - - - (18) - - (1)




(21) - - - - 21 - -

Income from continuing operations before income taxes 282 - - 8 (11) 17 9 304

Income Tax Provision (86) - - 5 3 - (2) (81)

Income from continuing operations, net of income taxes 196 - - 12 (9) 17 7 223

Income/(loss) from discontinued operations, net of taxes 4 - - (4) - - - -

Net Income 200 8 (9) 17 7 223


23 - - - (20) - 2


222 - - 8 (9) (3) 7 226

Diluted EPS


Operating margin

$0.49

449.0

24.0%




$0.50

449.0

38.9%


Reconciliation of US GAAP results to non-GAAP results – three months ended March 31, 2013

48

($ millions)

Operating Revenues

US GAAP

Basis


of Joint Ventures


advisory expenses

Acquisition related



awards


Products





Other 27 1 - - - - - 27

Third-Party Distribution, Service and Advisory - (1) (350) - - - 15 (336)


Operating Expenses

1047 10 (350) - - 9 15 731



Marketing 23 1 - - - - - 24






Equity in Earnings of Unconsolidated Affiliates 8 (5) - - - - - 3



Other Gains and Losses, net (21) - - - (2) - 23 -




(28) - - - - 28 - -

Income from continuing operations before income taxes 173 - - 7 - 28 45 252

Income Tax Provision (56) - - 4 - - (11) (63)

Income from Continuing Operations, net of tax 117 - - 10 - 28 34 189

Income/(loss) from discontinued operations, net of taxes 11 (11) - -

Net Income 128 (1) 28 34 189


31 - - - - (31) - -


159 - - (1) - (2) 34 189

Diluted EPS


Operating margin

$0.35

451.2

19.6%




$0.42

451.2

35.3%


Reconciliation of US GAAP results to non-GAAP results – three months ended December 31, 2012

49

($ millions)

Operating Revenues

US GAAP

Basis


of Joint Ventures


advisory expenses

Acquisition related



awards


Products




Performance Fees 3 - - - - - - 3

Other 24 - - - - - - 24



Operating Expenses

1014 9 (326) - - 12 - 708



Marketing 26 1 - - - - (1) 26





Operating Income reconciled to adjusted operating income

211 4 - 7 5 14 4 244




Other Gains and Losses, net 18 - - (8) (10) 9 - 10




(25) - - - - 25 - -

Income from continuing operations before income taxes 226 - - (1) (6) 25 4 248


Income from Continuing Operations, net of tax 154 - - 5 (5) 25 4 183


Net Income 157 2 (5) 25 4 183


14 - - - - (14) - -


171 - - 2 (5) 11 4 183

Diluted EPS


Operating margin

$0.38

452.8

20.8%




$0.40

452.8

34.5%


Reconciliation of US GAAP results to non-GAAP results – three months ended September 30, 2012

50

($ millions)

Operating Revenues

US GAAP

Basis


of Joint Ventures


advisory expenses

Acquisition related



awards


Products




Performance Fees 16 - - - - - - 16

Other 26 - - - - - - 26



Operating Expenses

982 9 (316) - - 11 - 686

Employee Compensation 288 3 - - - - (1) 290


Marketing 26 1 - - - - (1) 27




Total Operating Expenses 782 6 (316) (11) - (15) (6) 441

Operating Income reconciled to adjusted operating income 200 4 - 11 - 25 6 245




Other Gains and Losses, net (8) - - - 5 - 1 (2)




77 - - - - (77) - -

Income from continuing operations before income taxes 287 - - 11 4 (68) 7 240

Income Tax Provision (61) - - 4 (1) - (2) (60)

Income from continuing operations, net of income taxes 226 - - 15 2 (68) 5 180


Net Income 228 13 2 (68) 5 180


(74) - - - - 74 - -


154 - - 13 2 6 5 180

Diluted EPS


Operating margin

$0.34

455.3

20.4%




$0.40

455.3

35.7%


Reconciliation of US GAAP results to non-GAAP results – three months ended June 30, 2012

51

($ millions)

Operating Revenues

US GAAP

Basis


of Joint Ventures


advisory expenses

Acquisition related



awards


Products





Other 33 - - - - - - 33



Operating Expenses

1008 9 (316) - - 10 - 711



Marketing 26 1 - - - - - 27






Equity in Earnings of Unconsolidated Affiliates 10 (5) - 4 - (3) - 5



Other Gains and Losses, net 19 - - (4) (13) - - 2




(122) - - - - 122 - -

Income from continuing operations before income taxes 145 - - 7 (7) 115 4 264


Income from continuing operations, net of income taxes 73 - - 10 (5) 115 4 196


Net Income 75 8 (5) 115 4 196


119 - - - - (119) - -


194 - - 8 (5) (4) 4 196

Diluted EPS


Operating margin

$0.42

455.9

22.5%




$0.43

455.9

37.2%


Reconciliation of US GAAP results to non-GAAP results – three months ended March 31, 2012

52

($ millions)

Operating Revenues

US GAAP

Basis


of Joint Ventures


advisory expenses

Acquisition related



awards


Products




Performance Fees 12 - - - - - 12

Other 45 - - - - - 45



Operating Expenses

962 10 (301) - - 12 - 682



Marketing 21 1 - - - - - 22






Equity in Earnings of Unconsolidated Affiliates 5 (5) - - - (1) - (1)

Interest and Dividend Income 3 1 - - - 3 - 6


Other Gains and Losses, net 55 - - - (10) - (45) -




104 - - - - (104) - -

Income from continuing operations before income taxes 376 - - 8 (5) (110) (34) 236

Income Tax Provision (72) - - 2 1 - 15 (54)

Income from continuing operations, net of income taxes 304 - - 10 (3) (110) (19) 182


Net Income 310 - - 4 (3) (110) (19) 182


(108) - - - - 108 - -


202 - - 4 (3) (2) (19) 182

Diluted EPS


Operating margin

$0.44

458.3

21.0%




$0.40

458.3

35.9%


Reconciliation of US GAAP results to non-GAAP results – three months ended December 31, 2011

53

Documents

Martin L. Flanagan · Summary of third quarter 2013 results Assets under management September 30, 2013 AUM of $745.5 billion versus $705.6 billion at June 30, 2013 Average AUM was