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BlackRock Investor Day 2025

147 slides

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BlackRock Investor Day 2025 — a 147-page executive presentation outlining BlackRock's 2030 strategy, financial targets, and growth platforms across ETFs, active investing, private markets, technology, and international expansion.

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2025
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Description

Main Topic

BlackRock Investor Day 2025 — a 147-page executive presentation outlining BlackRock's 2030 strategy, financial targets, and growth platforms across ETFs, active investing, private markets, technology, and international expansion.

Key Benefits

  • •Clear articulation of $35B+ revenue and $15B operating income 2030 targets
  • •Deep dives into each major business unit with metrics and growth drivers
  • •Demonstrates integration thesis for GIP and HPS acquisitions
  • •Showcases Aladdin technology platform as a $20B+ addressable market
  • •Provides shareholder value framework linking organic growth, operating leverage, and capital management

Target Audience

  • •Institutional investors and analysts
  • •Asset management executives and strategy teams
  • •Financial technology and fintech professionals
  • •Corporate strategy and M&A professionals
  • •Presentation designers seeking investor-day slide templates

Use Cases

  • •Investor day presentation template for large financial firms
  • •Executive strategy deck design reference
  • •Corporate annual investor conference slide design
  • •Multi-speaker financial presentation structure reference
  • •Asset management business unit overview template

Unique Value Propositions

  • •147-page comprehensive multi-speaker format with clear section dividers
  • •Consistent black/white/orange brand identity across all slides
  • •Blend of data-heavy slides and conceptual framework diagrams
  • •Modular structure allows individual business unit sections to stand alone
  • •Professional financial services design language with clean minimalist layouts

Slide Pages (147)

Detailed view of each slide page, including layout, key content and visual elements.

Page 1
Cover

Cover — Investor Day 2025

Content

Full-bleed aerial crowd photograph with 'BlackRock Investor Day 2025' title overlay in bold white sans-serif typography.

Layout Structure

Full-bleed hero image with centered title text and BlackRock logo top-left

Key Visual Elements

  • •Aerial crowd photograph
  • •BlackRock logo
  • •White headline typography
  • •Dark overlay gradient
Page 2
Legal / Disclaimer

Forward-Looking Statements & Important Notes

Content

Dense legal disclaimer text covering forward-looking statements, non-GAAP measures, and important notes for investors.

Layout Structure

Two-column dense text layout on white background with small header rule

Key Visual Elements

  • •BlackRock footer bar
  • •Section header rule
  • •Small-body legal text
  • •Two-column grid
Page 3
Section Divider

Martin Small — BlackRock's 2030 Ambition (Section Divider)

Content

Orange-accented section divider introducing CFO Martin Small and the '2030 Ambition' strategic theme.

Layout Structure

Dark background with orange accent bar, speaker name and section title centered

Key Visual Elements

  • •Orange accent bar
  • •Speaker name
  • •Section title
  • •Investor Day 2025 branding bar
Page 4
Strategy Overview

Strategy Foundations

Content

Overview of BlackRock's strategic pillars — whole portfolio, technology, and global reach — as the foundation for 2030 ambitions.

Layout Structure

Three-column icon-and-text layout with color-coded boxes

Key Visual Elements

  • •Three-column layout
  • •Color-coded boxes
  • •Icon set
  • •BlackRock footer
Page 5
Financial Targets

2030 Financial Targets

Content

Headline targets of $35B+ revenue, $15B operating income, and $280B market capitalization by 2030.

Layout Structure

Large bold metric callouts in a three-box horizontal layout

Key Visual Elements

  • •Large KPI callout boxes
  • •Bold numeric typography
  • •Horizontal three-panel layout
  • •Orange accent color
Page 6
Strategy

Structural Growers

Content

Identifies ETFs, private markets, and technology as the structural growth engines driving above-market revenue expansion.

Layout Structure

Vertical list with descriptive callout boxes and connecting arrows

Key Visual Elements

  • •Growth driver list
  • •Callout boxes
  • •Connecting arrows
  • •Color hierarchy
Page 7
Market Opportunity

Global Asset Pools

Content

Maps the major global capital pools — retirement, insurance, wealth, and sovereign — as the demand landscape for BlackRock's platform.

Layout Structure

World map visualization overlaid with segmented capital pool labels

Key Visual Elements

  • •World map
  • •Capital pool labels
  • •Segmented color regions
  • •Size-proportional annotations
Page 8
New Business Lines

New Businesses — Insurance, Wealth & Digital Assets

Content

Highlights insurance SMA, wealth tech, and digital assets as incremental new revenue businesses being scaled.

Layout Structure

Three-column card layout with icon, headline, and metric per business

Key Visual Elements

  • •Three-card layout
  • •Business icons
  • •Metric callouts
  • •Color-coded cards
Page 9
Product Platform

Active ETFs Platform

Content

Positions active ETFs as a key structural growth product, highlighting DYNF and BINC as flagship examples with AUM momentum.

Layout Structure

Split layout: left narrative text, right product metrics table

Key Visual Elements

  • •Split layout
  • •Product metrics table
  • •AUM growth bars
  • •Orange accent headers
Page 10
M&A / Acquisitions

GIP & HPS Integration Rationale

Content

Explains the strategic rationale for the GIP infrastructure and HPS private credit acquisitions as accelerators of private markets scale.

Layout Structure

Two-column side-by-side deal overview with integration synergy callouts

Key Visual Elements

  • •Deal overview panels
  • •Synergy callout boxes
  • •Logo treatments
  • •Integration timeline
Page 11
Fundraising Targets

$400B Private Markets Fundraise Target

Content

Projects $400B in private markets fundraising through 2030 across infrastructure, private credit, real estate, and hedge funds.

Layout Structure

Bar chart with cumulative fundraise projection broken out by asset class

Key Visual Elements

  • •Stacked bar chart
  • •Asset class color legend
  • •Target callout annotation
  • •Five-year projection axis
Page 12
Technology Platform

Technology Stack — Aladdin, eFront & Preqin

Content

Presents the integrated Aladdin/eFront/Preqin technology ecosystem as the operating backbone spanning public and private markets.

Layout Structure

Layered platform diagram with product name tiles and capability arrows

Key Visual Elements

  • •Platform stack diagram
  • •Product tiles
  • •Capability arrows
  • •Interconnection lines
Page 13
Strategy Summary

2030 Strategy Summary

Content

Single-page visual summary consolidating the CFO's strategy narrative: structural growers, scale advantages, and financial targets.

Layout Structure

Pyramid or hub-and-spoke summary diagram with metric callouts

Key Visual Elements

  • •Summary diagram
  • •KPI callouts
  • •Strategic pillar labels
  • •Orange accent highlights
Page 14
Footnotes

End Notes — Slides 3–13

Content

Footnotes and data source attributions for slides presented in the CFO's 2030 Ambition section.

Layout Structure

Small-body footnote text in single or double column on white background

Key Visual Elements

  • •Footnote text block
  • •Numbered references
  • •BlackRock footer bar
Page 15
Section Divider

Rob Goldstein — Powering Scale (Section Divider)

Content

Orange-accented section divider introducing COO Rob Goldstein and the 'Powering Scale' operational theme.

Layout Structure

Dark background with orange accent bar, speaker name and section title

Key Visual Elements

  • •Orange accent bar
  • •Speaker name
  • •Dark background
  • •Investor Day 2025 branding
Page 16
Industry Trends

Industry Consolidation — Top 5 at 25% Share

Content

Shows that the top 5 asset managers now control 25% of industry AUM, illustrating accelerating scale consolidation.

Layout Structure

Market share bar chart with competitor comparison and trend arrow

Key Visual Elements

  • •Market share bar chart
  • •Competitor labels
  • •Trend arrow
  • •25% highlight callout
Page 17
Operating Model

The 1BLK Operating Platform

Content

Introduces '1BLK' as the unified operating platform enabling cross-business collaboration and consistent client experience.

Layout Structure

Platform overview diagram with interconnected business unit nodes

Key Visual Elements

  • •Platform node diagram
  • •Business unit labels
  • •Interconnection lines
  • •1BLK branding
Page 18
Scale & Capabilities

22,600 Employees Globally

Content

Highlights BlackRock's global workforce of 22,600 employees as a competitive advantage in talent and capabilities.

Layout Structure

Map visualization with headcount callout and office location markers

Key Visual Elements

  • •Global headcount callout
  • •Office location map
  • •Regional breakdown table
  • •Bold metric typography
Page 19
Capabilities

Breadth of Capabilities

Content

Matrix diagram showing BlackRock's full capability breadth across asset classes, client segments, and geographies.

Layout Structure

Dense capability matrix grid with color-coded cells

Key Visual Elements

  • •Capability matrix grid
  • •Color-coded cells
  • •Asset class rows
  • •Client segment columns
Page 20
Innovation

Platform Reinvention — SpiderRock, Aladdin Copilot, Preqin, HPS

Content

Showcases recent platform enhancements including SpiderRock options tech, Aladdin Copilot AI, Preqin data, and HPS credit origination.

Layout Structure

Four-quadrant card layout with product logo, description, and status indicator

Key Visual Elements

  • •Four-quadrant card layout
  • •Product logos
  • •Status badges
  • •Innovation timeline
Page 21
Global Expansion

New Global Offices

Content

Lists recently opened and planned offices in key global markets as evidence of geographic expansion strategy.

Layout Structure

World map with city-pin callouts and office opening dates

Key Visual Elements

  • •World map
  • •City pin markers
  • •Opening date labels
  • •Regional grouping
Page 22
Strategy Framework

Four Principles of Scale

Content

Presents four strategic principles — data advantage, technology leverage, talent density, and client centricity — that compound BlackRock's scale.

Layout Structure

Numbered four-panel vertical or horizontal layout with icon per principle

Key Visual Elements

  • •Four-panel layout
  • •Numbered icons
  • •Principle headlines
  • •Supporting copy blocks
Page 23
Digital Assets

Digital Assets & Blockchain Ecosystem

Content

Maps BlackRock's digital assets strategy including IBIT, tokenized funds, and blockchain infrastructure partnerships.

Layout Structure

Ecosystem diagram with product and partner nodes connected by asset flow arrows

Key Visual Elements

  • •Ecosystem node diagram
  • •Partner logos
  • •Asset flow arrows
  • •IBIT callout
Page 24
Technology / AI

BSYS Platform & AI Research Agents

Content

Describes the BSYS internal systems platform and AI research agents being deployed to drive operational efficiency and investment insight.

Layout Structure

Split slide: left system architecture diagram, right AI agent use-case list

Key Visual Elements

  • •System architecture diagram
  • •AI agent icons
  • •Use-case list
  • •Marginal cost reduction metric
Page 25
Footnotes

End Notes — Slides 15–24

Content

Footnotes and source attributions for the COO's Powering Scale section.

Layout Structure

Small-body footnote text in single column on white background

Key Visual Elements

  • •Footnote text block
  • •Numbered references
  • •BlackRock footer bar
Page 26
Section Divider

Sudhir Nair & Tarek Chouman — Aladdin: The Language of the Whole Portfolio (Section Divider)

Content

Orange-accented section divider introducing the Aladdin technology section presented by Sudhir Nair and Tarek Chouman.

Layout Structure

Dark background with orange accent bar, dual speaker names and section title

Key Visual Elements

  • •Orange accent bar
  • •Dual speaker names
  • •Dark background
  • •Aladdin branding
Page 27
Product Overview

Aladdin — Three Roles

Content

Positions Aladdin as simultaneously BlackRock's operating backbone, technology foundation for clients, and commercial software business.

Layout Structure

Three-circle or three-panel Venn-style diagram showing overlapping roles

Key Visual Elements

  • •Three-role diagram
  • •Role labels
  • •Overlap annotations
  • •Aladdin logo
Page 28
Financial Performance

$1.6B Tech Revenue — 10% CAGR

Content

Reports $1.6B in technology revenue growing at a 10% CAGR, underpinned by 97% client retention and 98% recurring revenue.

Layout Structure

Revenue bar chart with CAGR label and key metric callout boxes

Key Visual Elements

  • •Revenue bar chart
  • •CAGR annotation
  • •97% retention callout
  • •98% recurring callout
Page 29
Sales & Growth

Client Funnel — 4,800 to 172 to 75

Content

Visualizes the Aladdin sales funnel narrowing from 4,800 prospective software companies to 172 engaged prospects to 75 current clients.

Layout Structure

Funnel diagram with three stages, numerical labels, and conversion annotations

Key Visual Elements

  • •Three-stage funnel
  • •Numerical labels
  • •Conversion rate annotations
  • •Pipeline color gradient
Page 30
Market Opportunity

Industry Tailwinds for Aladdin

Content

Outlines key industry trends — risk complexity, regulatory pressure, and data demands — driving demand for institutional operating systems.

Layout Structure

Three-column tailwind cards with icon, headline, and supporting data point

Key Visual Elements

  • •Three tailwind cards
  • •Trend icons
  • •Data point callouts
  • •Color-coded headers
Page 31
Strategy Framework

Aladdin Growth Flywheel

Content

Circular flywheel diagram showing how expanding capabilities, growing platform, and accelerating with AI reinforce each other.

Layout Structure

Circular flywheel diagram with three labeled arcs and center metric

Key Visual Elements

  • •Circular flywheel
  • •Three arc labels
  • •AI acceleration node
  • •Center KPI
Page 32
Market Opportunity

$20B+ Total Addressable Market

Content

Quantifies the total addressable market for Aladdin and related technology services at over $20 billion.

Layout Structure

TAM breakdown chart with segment bars and total callout

Key Visual Elements

  • •TAM segment chart
  • •Segment labels
  • •$20B+ total callout
  • •Market size comparison
Page 33
Product Evolution

Private Markets Journey — eFront to Whole Portfolio

Content

Traces Aladdin's expansion into private markets from eFront acquisition through whole-portfolio coverage to Preqin and GIP/HPS integration.

Layout Structure

Horizontal timeline with product milestone nodes and expanding scope arrow

Key Visual Elements

  • •Horizontal timeline
  • •Milestone nodes
  • •Scope expansion arrow
  • •Product logos
Page 34
Sales & Marketing

Client Acquisition Drivers

Content

Lists the primary reasons new clients adopt Aladdin: risk analytics depth, multi-asset coverage, operational efficiency, and regulatory compliance.

Layout Structure

Numbered list with driver headlines and brief supporting descriptions

Key Visual Elements

  • •Numbered driver list
  • •Headline text
  • •Supporting descriptions
  • •Color accent numbers
Page 35
Case Study

Insurance Client Case Study

Content

Details how a large insurance company uses Aladdin to manage liability-driven investing, risk reporting, and regulatory capital optimization.

Layout Structure

Case study card with client profile, challenge, solution, and outcome sections

Key Visual Elements

  • •Case study card
  • •Challenge/solution/outcome sections
  • •Client metrics
  • •Orange accent border
Page 36
Product Integration

Aladdin for Private Markets — eFront Integration

Content

Shows how eFront's private markets data and workflow capabilities are integrated into the Aladdin platform for unified portfolio management.

Layout Structure

Integration diagram showing eFront modules connecting to Aladdin core

Key Visual Elements

  • •Integration diagram
  • •Module labels
  • •Data flow arrows
  • •eFront logo
Page 37
Data Platform

Preqin Data Integration

Content

Explains how Preqin's alternative assets data enhances Aladdin's private markets analytics and benchmarking capabilities.

Layout Structure

Split layout: Preqin data assets left, Aladdin capability enhancement right

Key Visual Elements

  • •Split layout panels
  • •Data asset icons
  • •Capability enhancement arrows
  • •Preqin logo
Page 38
Product Roadmap

Expanding Aladdin Capabilities

Content

Product roadmap showing new Aladdin modules being added across liquidity management, climate risk, and AI-driven analytics.

Layout Structure

Roadmap grid with module tiles organized by theme and timeline

Key Visual Elements

  • •Roadmap grid
  • •Module tiles
  • •Theme groupings
  • •Timeline axis
Page 39
AI / Innovation

Aladdin Copilot — AI-Powered Workflows

Content

Introduces Aladdin Copilot as an AI layer enabling natural language portfolio queries, automated reporting, and decision-support workflows.

Layout Structure

Product screenshot mockup with feature callout annotations

Key Visual Elements

  • •UI mockup
  • •Feature callout labels
  • •Workflow diagram
  • •Copilot branding
Page 40
AI Impact

Accelerating with AI Across Aladdin

Content

Quantifies AI acceleration impact on Aladdin: faster analytics, lower cost-to-serve, and new capability releases enabled by machine learning.

Layout Structure

Three-metric impact layout with before/after performance comparisons

Key Visual Elements

  • •Before/after metrics
  • •Impact callout boxes
  • •Speed improvement annotations
  • •AI icon
Page 41
Growth Strategy

Growing the Aladdin Platform

Content

Illustrates how platform adoption grows through existing client upsell, new client acquisition, and geographic expansion.

Layout Structure

Growth lever diagram with three pathways and associated revenue projections

Key Visual Elements

  • •Growth lever diagram
  • •Three pathways
  • •Revenue projections
  • •Geographic expansion map
Page 42
Summary

Aladdin Mission Summary

Content

Closing summary positioning Aladdin as the language of the whole portfolio and reiterating the $20B+ market opportunity.

Layout Structure

Mission statement slide with bold headline, supporting metrics, and strategic outlook

Key Visual Elements

  • •Bold mission statement
  • •Supporting metrics grid
  • •Strategic outlook text
  • •Aladdin logo
Page 43
Footnotes

End Notes — Slides 26–42

Content

Footnotes and data source attributions for the Aladdin technology section.

Layout Structure

Small-body footnote text in single column on white background

Key Visual Elements

  • •Footnote text block
  • •Numbered references
  • •BlackRock footer bar
Page 44
Section Divider

iShares — Unlocking Growth Across the Globe (Section Divider)

Content

Orange-accented section divider introducing the iShares ETF section presented by Stephen Cohen, Jessica Tan, and Jane Sloan.

Layout Structure

Dark background with orange accent bar, three speaker names and section title

Key Visual Elements

  • •Orange accent bar
  • •Three speaker names
  • •iShares logo
  • •Dark background
Page 45
Business Overview

iShares Platform Overview — $4.3T AUM

Content

Overview of iShares as the world's largest ETF platform with $4.3T AUM and $6.7B in revenue across 1,600+ ETFs.

Layout Structure

Hero metric layout with three large KPI callouts and supporting platform facts

Key Visual Elements

  • •Three KPI callouts
  • •$4.3T AUM metric
  • •Platform fact boxes
  • •iShares branding
Page 46
Industry Trends

Three Industry Trends — Convenience, Convergence & Scale

Content

Identifies investor preference for convenience, asset class convergence, and scale economics as the three macro tailwinds benefiting iShares.

Layout Structure

Three-column card layout with trend icon, headline, and supporting data

Key Visual Elements

  • •Three trend cards
  • •Trend icons
  • •Data point callouts
  • •Color-coded headers
Page 47
Market Growth

ETF Industry Growing to $27T by 2030

Content

Projects total ETF industry AUM growing from current levels to $27 trillion by 2030 driven by ongoing active-to-passive migration.

Layout Structure

Bar/area chart with historical AUM bars and forward projection shading

Key Visual Elements

  • •Historical + projection chart
  • •$27T target annotation
  • •Growth rate label
  • •Shaded projection area
Page 48
Market Position

iShares as #1 with 1,600+ ETFs in 25+ Countries

Content

Reinforces iShares' market leadership position with 1,600+ ETFs listed across more than 25 countries globally.

Layout Structure

World map with country markers and product count annotations

Key Visual Elements

  • •World map
  • •Country markers
  • •Product count callouts
  • •Market share annotations
Page 49
Growth Analysis

Diversified Organic Growth Sources

Content

Breaks down iShares net flow drivers across equity, fixed income, active ETFs, thematic, and factor categories.

Layout Structure

Waterfall or stacked bar chart of net flows by product category

Key Visual Elements

  • •Flow waterfall chart
  • •Category labels
  • •Net flow bars
  • •Total net flow callout
Page 50
Competitive Advantage

Investment Engine & Platform Innovation

Content

Describes iShares' dual competitive advantage: a rigorous index-tracking investment engine and continuous product/platform innovation.

Layout Structure

Two-panel split with investment engine left and innovation pipeline right

Key Visual Elements

  • •Two-panel split
  • •Investment engine diagram
  • •Innovation pipeline list
  • •Connecting bridge graphic
Page 51
Market Opportunity

Fixed Income ETFs — $2.5T, 2% of Bond Market

Content

Highlights fixed income ETFs at $2.5T AUM representing only 2% of the bond market, underscoring the long-term penetration opportunity.

Layout Structure

Penetration opportunity chart comparing ETF share to total bond market size

Key Visual Elements

  • •Market penetration chart
  • •2% share annotation
  • •$2.5T AUM callout
  • •Total bond market reference bar
Page 52
Business Unit

US iShares — $3T AUM

Content

Details the US iShares business at $3T AUM, covering product breadth, distribution reach, and market share across client segments.

Layout Structure

Business unit overview card with AUM metric, product breakdown, and distribution channels

Key Visual Elements

  • •$3T AUM headline
  • •Product breakdown chart
  • •Distribution channel list
  • •Client segment icons
Page 53
Product Spotlight

IBIT Bitcoin ETF — $48B Inflows, 925K Investors

Content

Reports IBIT as the largest bitcoin ETF with $48B in cumulative inflows and 925,000 unique investors since launch.

Layout Structure

Product spotlight card with inflow chart, investor count, and milestone timeline

Key Visual Elements

  • •Inflow bar chart
  • •$48B inflow callout
  • •925K investor callout
  • •IBIT milestone timeline
Page 54
Product Spotlight

Active ETFs — DYNF $15.2B & BINC $8.6B

Content

Spotlights DYNF ($15.2B) and BINC ($8.6B) as flagship active ETFs leading BlackRock's entry into the active ETF growth market.

Layout Structure

Two-product comparison layout with AUM, strategy summary, and performance metric

Key Visual Elements

  • •Two-product comparison
  • •AUM callouts
  • •Strategy summaries
  • •Performance metrics
Page 55
Distribution

Models Distribution — $620B+

Content

Shows iShares powering model portfolio strategies with $620B+ in model-based distribution across wealth platforms.

Layout Structure

Distribution flow diagram from iShares through model platforms to end investors

Key Visual Elements

  • •Distribution flow diagram
  • •$620B+ callout
  • •Platform logos
  • •End-investor icons
Page 56
Market Growth

European ETF Market — Growing to $2.3T

Content

Projects the European ETF market growing to $2.3T, driven by regulatory tailwinds and institutional adoption acceleration.

Layout Structure

Market size projection chart with growth rate annotation and key catalyst callouts

Key Visual Elements

  • •Market projection chart
  • •$2.3T target
  • •Growth rate label
  • •Catalyst callout boxes
Page 57
Market Position

iShares Europe — $1T AUM, 40% Market Share

Content

Highlights iShares Europe reaching $1T AUM with 40% market share, making it the dominant European ETF provider.

Layout Structure

Market share pie chart alongside AUM growth bar chart

Key Visual Elements

  • •40% market share pie chart
  • •$1T AUM bar chart
  • •Competitor share comparison
  • •Market leadership annotation
Page 58
Client Segments

Client Adoption — Fee-Based Wealth

Content

Details iShares adoption by fee-based wealth advisors as they shift from commission-based to fee-based business models.

Layout Structure

Adoption trend chart with advisor segment breakdown and flow attribution

Key Visual Elements

  • •Adoption trend chart
  • •Advisor segment bars
  • •Flow attribution labels
  • •Fee-based shift annotation
Page 59
Client Segments

Client Adoption — Digital Wealth Platforms

Content

Describes iShares as the preferred ETF provider for digital wealth and robo-advisory platforms due to liquidity and breadth.

Layout Structure

Platform logos arranged with partnership tier annotations and AUM attributable

Key Visual Elements

  • •Digital platform logos
  • •Partnership tiers
  • •AUM attribution callouts
  • •Growth trend arrow
Page 60
Client Segments

Client Adoption — Institutional

Content

Shows institutional adoption of iShares ETFs for portfolio construction, cash equitization, and tactical allocation.

Layout Structure

Use-case matrix with institutional client types and ETF application per type

Key Visual Elements

  • •Use-case matrix
  • •Client type rows
  • •ETF application columns
  • •Color-coded cells
Page 61
Innovation

European Product Innovation

Content

Showcases European-specific ETF product launches including ESG, factor, and fixed income ETFs tailored to UCITS demand.

Layout Structure

Product launch timeline with category icons and AUM achieved at launch

Key Visual Elements

  • •Product launch timeline
  • •Category icons
  • •AUM achieved markers
  • •UCITS label
Page 62
Global Expansion

Global Expansion — Asia Pacific & Latin America

Content

Details iShares expansion into Asia Pacific and Latin America as the next geographic growth frontiers for ETF adoption.

Layout Structure

Regional spotlight with market size, current share, and growth target per region

Key Visual Elements

  • •Regional spotlight cards
  • •Market size bars
  • •Current vs. target share
  • •Geographic expansion map
Page 63
Brand

iShares Brand & Marketing Image

Content

Full-page marketing visual reinforcing the iShares global brand identity with lifestyle/investment imagery.

Layout Structure

Full-bleed marketing image with iShares logo overlay

Key Visual Elements

  • •Marketing photograph
  • •iShares logo
  • •Brand tagline
  • •Minimal text overlay
Page 64
Footnotes

End Notes — iShares Section (Part 1)

Content

Footnotes and data source attributions for the first portion of the iShares section.

Layout Structure

Small-body footnote text in single column on white background

Key Visual Elements

  • •Footnote text block
  • •Numbered references
  • •BlackRock footer bar
Page 65
Footnotes

End Notes — iShares Section (Part 2)

Content

Continuation of footnotes for the iShares section covering additional data sources and disclosures.

Layout Structure

Small-body footnote text in single column on white background

Key Visual Elements

  • •Footnote text block
  • •Numbered references
  • •BlackRock footer bar
Page 66
Footnotes

End Notes — iShares Section (Part 3)

Content

Final page of footnotes for the iShares section including regulatory disclosures for non-US markets.

Layout Structure

Small-body footnote text in single column on white background

Key Visual Elements

  • •Footnote text block
  • •Numbered references
  • •BlackRock footer bar
Page 67
Section Divider

Rich Kushel — Active Investing, Evolved (Section Divider)

Content

Orange-accented section divider introducing Head of Portfolio Management Rich Kushel and the 'Active Investing, Evolved' theme.

Layout Structure

Dark background with orange accent bar, speaker name and section title

Key Visual Elements

  • •Orange accent bar
  • •Speaker name
  • •Dark background
  • •Investor Day 2025 branding
Page 68
Business Overview

Active Platform Overview — $3.6T AUM, $7.9B Revenue

Content

Introduces BlackRock's liquid active platform at $3.6T AUM generating $7.9B in revenue, outpacing industry growth at 6% versus 1%.

Layout Structure

Hero metric layout with three large KPIs and growth comparison chart

Key Visual Elements

  • •Three KPI callouts
  • •$3.6T AUM metric
  • •6% vs 1% growth comparison
  • •Revenue bar chart
Page 69
Investment Performance

78% Five-Year Performance Above Benchmark

Content

Reports that 78% of BlackRock's active AUM outperformed its respective benchmark over the trailing five years.

Layout Structure

Performance metric highlight with supporting breakdown by asset class

Key Visual Elements

  • •78% performance callout
  • •Asset class performance bars
  • •Benchmark comparison labels
  • •Peer ranking annotation
Page 70
Product Evolution

Building Blocks Evolution

Content

Traces the evolution of active investing building blocks from fundamental equity and fixed income toward systematic strategies, models, active ETFs, and blended public/private.

Layout Structure

Evolutionary timeline with product category nodes expanding over time

Key Visual Elements

  • •Evolution timeline
  • •Product category nodes
  • •Expanding scope graphic
  • •New category highlights
Page 71
Market Opportunity

OCIO — $5.8T Market Growing at 8%

Content

Presents the Outsourced CIO market at $5.8T growing 8% annually as a key active investing expansion opportunity.

Layout Structure

Market size chart with growth rate overlay and BlackRock OCIO position callout

Key Visual Elements

  • •OCIO market size chart
  • •8% growth label
  • •BLK position callout
  • •Client segment breakdown
Page 72
Market Opportunity

Model Portfolios — $11.5T Opportunity

Content

Quantifies the model portfolio opportunity at $11.5T as wealth platforms increasingly delegate asset allocation to model providers.

Layout Structure

Opportunity sizing chart with model adoption trend line

Key Visual Elements

  • •Opportunity sizing chart
  • •$11.5T callout
  • •Model adoption trend
  • •Delegation flow diagram
Page 73
Product Trends

Active ETF Usage Accelerating

Content

Shows active ETF adoption accelerating among institutional and wealth clients as a preferred active management vehicle.

Layout Structure

Adoption acceleration chart with flow data by client segment

Key Visual Elements

  • •Adoption acceleration chart
  • •Client segment flow bars
  • •Growth rate annotation
  • •Active ETF product list
Page 74
Business Performance

Delivering Outcomes — OCIO 2X, Models 4X, Active ETFs 4X Since 2020

Content

Quantifies business outcomes showing OCIO at 2X, model portfolios at 4X, and active ETFs at 4X growth relative to 2020 baseline.

Layout Structure

Three-metric comparison layout with indexed growth bars from 2020 baseline

Key Visual Elements

  • •Indexed growth bars
  • •2X/4X/4X callouts
  • •2020 baseline markers
  • •Growth trajectory lines
Page 75
Strategy

Blending Public and Private Capabilities

Content

Articulates how BlackRock uniquely blends public markets active strategies with private markets access for whole-portfolio outcomes.

Layout Structure

Blend diagram showing public and private capabilities merging into unified client solutions

Key Visual Elements

  • •Blend diagram
  • •Public/private capability labels
  • •Unified solution output
  • •Client outcome icons
Page 76
Footnotes

End Notes — Active Section

Content

Footnotes and data source attributions for the Active Investing, Evolved section.

Layout Structure

Small-body footnote text in single column on white background

Key Visual Elements

  • •Footnote text block
  • •Numbered references
  • •BlackRock footer bar
Page 77
Section Divider

Raffaele Savi — Redefining Investment Skill at Scale (Section Divider)

Content

Orange-accented section divider introducing Head of Systematic Investing Raffaele Savi and the systematic investment theme.

Layout Structure

Dark background with orange accent bar, speaker name and section title

Key Visual Elements

  • •Orange accent bar
  • •Speaker name
  • •Dark background
  • •Investor Day 2025 branding
Page 78
Business Overview

Systematic Platform — $317B AUM, $979M Revenue

Content

Reports BlackRock Systematic at $317B AUM generating $979M in revenue with 40% year-over-year growth and 14% AUM CAGR.

Layout Structure

Hero metric layout with four KPIs and revenue growth chart

Key Visual Elements

  • •Four KPI callouts
  • •$317B AUM metric
  • •$979M revenue bar
  • •40% YoY growth annotation
Page 79
Investment Performance

BlackRock Systematic vs GPT Models — 61% vs 52% Accuracy

Content

Demonstrates that BlackRock Systematic's equity prediction accuracy of 61% outperforms leading GPT language models at 52%.

Layout Structure

Head-to-head comparison bar chart with accuracy metrics and methodology note

Key Visual Elements

  • •Head-to-head comparison bars
  • •61% vs 52% labels
  • •Methodology footnote
  • •AI model comparison icons
Page 80
Technology Capability

1.8 Seconds for 5-Year Equity Simulation

Content

Highlights that BlackRock Systematic can run a full five-year equity simulation in 1.8 seconds, compared to three hours in 2015.

Layout Structure

Before/after speed comparison with dramatic time reduction callout

Key Visual Elements

  • •1.8 seconds callout
  • •3 hours baseline
  • •Speed improvement annotation
  • •Technology progression chart
Page 81
Competitive Advantage

Scale Advantages — Data, Trading & Diverse Collective

Content

Identifies three unique scale advantages: 500+ proprietary data sources, trading innovation, and a diverse investor collective driving alpha.

Layout Structure

Three-pillar layout with icon, headline, and metric per advantage

Key Visual Elements

  • •Three-pillar layout
  • •500+ data sources callout
  • •Trading innovation icon
  • •Collective alpha diagram
Page 82
Footnotes

End Notes — Systematic Section

Content

Footnotes and data source attributions for the Redefining Investment Skill at Scale section.

Layout Structure

Small-body footnote text in single column on white background

Key Visual Elements

  • •Footnote text block
  • •Numbered references
  • •BlackRock footer bar
Page 83
Section Divider

Rick Rieder — Leading the Future of Fixed Income (Section Divider)

Content

Orange-accented section divider introducing CIO of Fixed Income Rick Rieder and the fixed income leadership theme.

Layout Structure

Dark background with orange accent bar, speaker name and section title

Key Visual Elements

  • •Orange accent bar
  • •Speaker name
  • •Dark background
  • •Investor Day 2025 branding
Page 84
Business Overview

Fixed Income Platform — $4.1T Total

Content

Overview of BlackRock's total fixed income platform at $4.1T comprising $1.9T active FI, $1.1T index FI, $931B cash, and $206B private credit.

Layout Structure

Pie or stacked bar showing $4.1T total broken into four AUM segments

Key Visual Elements

  • •$4.1T total callout
  • •Four segment breakdown
  • •Pie or stacked chart
  • •Segment color legend
Page 85
Investment Performance

87% Five-Year Performance Above Peer Median

Content

Reports that 87% of BlackRock fixed income AUM outperformed peer median over five years, supported by 11 Morningstar Gold Medal funds.

Layout Structure

Performance highlight with supporting breakdown by strategy and peer comparison table

Key Visual Elements

  • •87% performance callout
  • •Peer comparison table
  • •11 Gold Medal funds badge
  • •Performance by strategy bars
Page 86
Market Position

Industry Flow Outperformance

Content

Shows BlackRock fixed income capturing disproportionate industry net flows relative to competitors, demonstrating distribution strength.

Layout Structure

Competitor flow comparison bar chart with market share callout

Key Visual Elements

  • •Competitor flow comparison
  • •Market flow share bars
  • •BLK outperformance highlight
  • •Industry total flow reference
Page 87
Strategy Framework

The BlackRock Blend — Public + Private + Active + ETFs

Content

Introduces 'The BlackRock Blend' framework combining public fixed income, private credit, active management, and ETF delivery for superior client outcomes.

Layout Structure

Four-quadrant blend framework diagram with outcome arrows

Key Visual Elements

  • •Four-quadrant diagram
  • •Blend framework label
  • •Public/private/active/ETF quadrants
  • •Outcome arrow
Page 88
Product Analysis

BINC Flexible Income ETF Analysis

Content

Deep dive into the BINC flexible income ETF (~$9B AUM) showing its multi-sector allocation, yield delivery, and growing advisor adoption.

Layout Structure

Product analysis card with allocation pie chart, yield metric, and flow trend

Key Visual Elements

  • •Allocation pie chart
  • •Yield metric callout
  • •Flow trend chart
  • •BINC product branding
Page 89
Investment Opportunity

Global Fixed Income Opportunity Map

Content

World map identifying the highest-yield fixed income opportunities across developed and emerging markets with current spread/yield data.

Layout Structure

World map with color-coded yield regions and country-level yield annotations

Key Visual Elements

  • •Color-coded yield world map
  • •Country yield annotations
  • •Spread/yield legend
  • •Regional opportunity callouts
Page 90
Market Outlook

Investment Regime Change

Content

Argues that the macro regime has fundamentally shifted toward higher-for-longer rates, creating a structurally better environment for active fixed income.

Layout Structure

Regime comparison split: pre-2022 low-rate environment vs. post-2022 higher-rate regime

Key Visual Elements

  • •Regime comparison split
  • •Rate environment charts
  • •Structural shift annotation
  • •Active alpha implication callout
Page 91
Investment Opportunity

Income & Breakeven Opportunities

Content

Quantifies current income and breakeven yield opportunities across fixed income sectors in the higher-rate environment.

Layout Structure

Sector yield comparison bar chart with breakeven rate annotations

Key Visual Elements

  • •Sector yield bars
  • •Breakeven rate annotations
  • •Income comparison
  • •Orange highlight callouts
Page 92
Portfolio Construction

Portfolio Construction — 6.6% Yield, 2.9 Duration, BBB Rating

Content

Presents illustrative fixed income portfolio construction metrics: 6.6% yield, 2.9 years duration, and average BBB credit quality.

Layout Structure

Portfolio metrics card with three KPI callouts and sector allocation table

Key Visual Elements

  • •Three KPI metric cards
  • •6.6% yield callout
  • •Duration metric
  • •Sector allocation table
Page 93
Summary

Driving the Future of Fixed Income

Content

Closing summary of the fixed income section articulating four competitive advantages: expertise, sourcing, technology, and flexibility.

Layout Structure

Four-pillar summary layout with icon, headline, and one-sentence description per advantage

Key Visual Elements

  • •Four-pillar layout
  • •Competitive advantage icons
  • •Expertise/sourcing/technology/flexibility labels
  • •Summary callout
Page 94
Footnotes

End Notes — Fixed Income Section (Part 1)

Content

Footnotes and data source attributions for the first portion of the fixed income section.

Layout Structure

Small-body footnote text in single column on white background

Key Visual Elements

  • •Footnote text block
  • •Numbered references
  • •BlackRock footer bar
Page 95
Footnotes

End Notes — Fixed Income Section (Part 2)

Content

Continuation of footnotes for the fixed income section covering additional data sources.

Layout Structure

Small-body footnote text in single column on white background

Key Visual Elements

  • •Footnote text block
  • •Numbered references
  • •BlackRock footer bar
Page 96
Definitions

Index Definitions — Fixed Income

Content

Defines the benchmark indices referenced throughout the fixed income section including Bloomberg and other third-party index definitions.

Layout Structure

Alphabetically organized index definition list in small-body text

Key Visual Elements

  • •Index definition list
  • •Alphabetical organization
  • •Third-party index logos
  • •BlackRock footer bar
Page 97
Section Divider

Scott Kapnick — HPS: Capital Solutions Across the Continuum (Section Divider)

Content

Orange-accented section divider introducing HPS CEO Scott Kapnick and the private credit platform theme.

Layout Structure

Dark background with orange accent bar, speaker name and HPS section title

Key Visual Elements

  • •Orange accent bar
  • •HPS branding
  • •Speaker name
  • •Dark background
Page 98
Business Overview

Combined Private Credit — ~$280B Pro-Forma

Content

Reports approximately $280B in combined pro-forma private credit assets across BlackRock and HPS, making it a global private credit leader.

Layout Structure

Combined entity overview with BLK and HPS asset contribution bars totaling $280B

Key Visual Elements

  • •$280B combined callout
  • •BLK + HPS contribution bars
  • •Pro-forma combination diagram
  • •Scale comparison
Page 99
Business Overview

HPS — $117B Fee-Paying AUM, 17-Year Track Record

Content

Introduces HPS with $117B in fee-paying AUM and a 17-year track record with $57B raised in the last three years.

Layout Structure

HPS platform overview card with three KPI callouts and historical AUM chart

Key Visual Elements

  • •$117B AUM callout
  • •$57B fundraising metric
  • •17-year track record badge
  • •Historical AUM chart
Page 100
Platform Overview

HPS Platform Breadth

Content

Details HPS's full platform spanning $122B direct lending, $39B junior/opportunistic, $30B asset-based, $49B liquid credit, and $34B GP/LP solutions.

Layout Structure

Five-segment platform breakdown with AUM per segment and strategy description

Key Visual Elements

  • •Five-segment layout
  • •AUM per segment callouts
  • •Strategy description text
  • •Color-coded segments
Page 101
Market Opportunity

Private Credit Market — $1.6T Growing to $4.5T+ by 2030

Content

Projects the private credit market expanding from $1.6T today to $4.5T+ by 2030 at a 21% CAGR, driven by bank disintermediation.

Layout Structure

Market size growth chart with CAGR label and disintermediation driver callout

Key Visual Elements

  • •Market size projection chart
  • •$4.5T+ target
  • •21% CAGR label
  • •Bank disintermediation driver
Page 102
Competitive Advantage

Differentiated Origination — 60%+ Non-Sponsor

Content

Highlights that 60%+ of HPS origination is non-sponsor-backed, providing differentiated deal flow compared to peers.

Layout Structure

Origination mix pie chart with non-sponsor/sponsor breakdown and sourcing channel list

Key Visual Elements

  • •Origination mix pie chart
  • •60%+ non-sponsor callout
  • •Sourcing channel list
  • •Peer comparison annotation
Page 103
Distribution

Distribution Through BlackRock Wealth Network

Content

Explains how HPS will leverage BlackRock's wealth distribution network to access retail and high-net-worth private credit demand.

Layout Structure

Distribution funnel from HPS products through BLK wealth platform to end investors

Key Visual Elements

  • •Distribution funnel
  • •BLK wealth network diagram
  • •Wealth channel labels
  • •End-investor icons
Page 104
Technology Integration

Aladdin Technology Integration for HPS

Content

Shows how HPS will integrate onto the Aladdin platform for portfolio analytics, risk management, and investor reporting.

Layout Structure

Integration roadmap showing HPS data flows into Aladdin modules

Key Visual Elements

  • •Integration roadmap
  • •HPS data flow arrows
  • •Aladdin module tiles
  • •Timeline milestones
Page 105
Product Deep Dive

HPS Direct Lending — $122B

Content

Deep dive into HPS's $122B direct lending platform highlighting middle market and large-cap origination capabilities.

Layout Structure

Strategy overview card with AUM, deal count, average deal size, and sector breakdown

Key Visual Elements

  • •$122B AUM callout
  • •Deal count metric
  • •Sector breakdown chart
  • •Origination pipeline bars
Page 106
Product Deep Dive

HPS Junior & Opportunistic — $39B

Content

Presents HPS's $39B junior and opportunistic credit strategies covering mezzanine, second lien, and distressed situations.

Layout Structure

Strategy description with AUM callout and target return profile chart

Key Visual Elements

  • •$39B AUM callout
  • •Target return profile
  • •Strategy type list
  • •Risk/return positioning chart
Page 107
Product Deep Dive

HPS Asset-Based Finance — $30B

Content

Describes HPS's $30B asset-based finance platform spanning consumer, mortgage, and specialty finance origination.

Layout Structure

Asset type breakdown with $30B total and sub-segment AUM bars

Key Visual Elements

  • •$30B AUM callout
  • •Sub-segment breakdown
  • •Asset type icons
  • •Collateral quality metrics
Page 108
Product Deep Dive

HPS Liquid Credit — $49B

Content

Covers HPS's $49B liquid credit platform including CLOs, leveraged loans, and high yield bonds.

Layout Structure

Product mix breakdown with $49B total and CLO/loan/HY sub-segment proportions

Key Visual Elements

  • •$49B AUM callout
  • •Product mix pie
  • •CLO/loan/HY labels
  • •Liquidity profile chart
Page 109
Performance

HPS Performance Track Record

Content

Presents HPS's strong historical performance across direct lending, junior credit, and opportunistic strategies relative to benchmarks.

Layout Structure

Performance table with strategy, vintage, gross IRR, net IRR, and DPI columns

Key Visual Elements

  • •Performance table
  • •IRR columns
  • •DPI metric
  • •Benchmark comparison row
Page 110
Footnotes

End Notes — HPS Section

Content

Footnotes and data source attributions for the HPS Capital Solutions section.

Layout Structure

Small-body footnote text in single column on white background

Key Visual Elements

  • •Footnote text block
  • •Numbered references
  • •BlackRock footer bar
Page 111
Section Divider

Adebayo Ogunlesi — GIP: Building the World's Premier Infrastructure Platform (Section Divider)

Content

Orange-accented section divider introducing GIP Chairman Adebayo Ogunlesi and the infrastructure platform theme.

Layout Structure

Dark background with orange accent bar, speaker name and GIP section title

Key Visual Elements

  • •Orange accent bar
  • •GIP branding
  • •Speaker name
  • •Dark background
Page 112
Business Overview

GIP — $183B Infrastructure AUM

Content

Introduces GIP as a $183B infrastructure asset manager with a portfolio spanning energy, transport, digital, and water infrastructure globally.

Layout Structure

Platform overview with $183B AUM callout, sector breakdown, and global portfolio map

Key Visual Elements

  • •$183B AUM callout
  • •Sector breakdown bars
  • •Global portfolio map
  • •GIP logo
Page 113
Market Opportunity

Golden Age of Infrastructure — $15T Investment Needed by 2040

Content

Frames the current era as a golden age of infrastructure investment with $15T of capital needed globally by 2040.

Layout Structure

Infrastructure investment need chart broken out by sector and region with $15T headline

Key Visual Elements

  • •$15T investment callout
  • •Sector/region breakdown chart
  • •Investment gap annotation
  • •Time horizon axis
Page 114
Market Opportunity

Private Capital Bridging the Funding Gap

Content

Explains how private capital must bridge the gap between government infrastructure budgets and actual investment needs.

Layout Structure

Funding gap diagram with government budget, private capital, and total need bars

Key Visual Elements

  • •Funding gap diagram
  • •Government vs. private bars
  • •Gap annotation
  • •Private capital share callout
Page 115
Fundraising

GIP V — $25B+ Largest-Ever Infrastructure Fund

Content

Announces GIP V as the largest-ever infrastructure fund at $25B+, demonstrating LP confidence and GIP's fundraising scale.

Layout Structure

Fund announcement card with $25B+ headline, LP backing stats, and strategy overview

Key Visual Elements

  • •$25B+ fund callout
  • •LP backing statistics
  • •Strategy overview bullets
  • •Record-size annotation
Page 116
Strategic Investment

AI Infrastructure Partnership

Content

Details GIP's strategic partnership to invest in AI data center and power infrastructure to support the AI compute buildout.

Layout Structure

Partnership overview with AI infrastructure investment thesis and asset type breakdown

Key Visual Elements

  • •AI infrastructure icons
  • •Partnership diagram
  • •Asset type breakdown
  • •Investment thesis bullets
Page 117
Portfolio Spotlight

Ports — MSC & TiL Partnership

Content

Highlights GIP's port infrastructure investments through the MSC and Terminal Investment Limited (TiL) partnerships.

Layout Structure

Asset spotlight with port network map, capacity metrics, and partnership logos

Key Visual Elements

  • •Port network map
  • •Capacity metrics
  • •MSC/TiL logos
  • •Asset value callout
Page 118
Performance

$9B Returned to LPs

Content

Reports $9B returned to limited partners through realizations and distributions, demonstrating GIP's value creation and exit capability.

Layout Structure

LP distributions chart showing cumulative returns by fund vintage

Key Visual Elements

  • •Cumulative distribution chart
  • •$9B return callout
  • •Fund vintage bars
  • •LP return timeline
Page 119
Investment Philosophy

Infrastructure Growth Beliefs

Content

Presents GIP's core investment beliefs: infrastructure as essential, long-duration, inflation-linked, and operationally improvable.

Layout Structure

Four belief statement cards with icon, headline, and supporting evidence per belief

Key Visual Elements

  • •Four belief cards
  • •Belief icons
  • •Supporting evidence
  • •Investment philosophy layout
Page 120
Portfolio Diversification

GIP Sector Diversification

Content

Shows GIP portfolio diversification across energy, transportation, digital, and water/environment infrastructure sectors.

Layout Structure

Sector allocation pie chart with portfolio asset examples per sector

Key Visual Elements

  • •Sector allocation pie
  • •Asset examples per sector
  • •Geographic spread
  • •Sector color legend
Page 121
Integration Summary

GIP + BlackRock — Combined Infrastructure Capability

Content

Summarizes the combined GIP and BlackRock infrastructure capability across fund management, risk analytics, and distribution.

Layout Structure

Capability combination diagram showing GIP expertise merging with BlackRock platform

Key Visual Elements

  • •Capability combination diagram
  • •GIP + BLK logos
  • •Synergy callout boxes
  • •Platform scope arrows
Page 122
Footnotes

End Notes — GIP Section

Content

Footnotes and data source attributions for the GIP infrastructure platform section.

Layout Structure

Small-body footnote text in single column on white background

Key Visual Elements

  • •Footnote text block
  • •Numbered references
  • •BlackRock footer bar
Page 123
Section Divider

Rachel Lord — Seeds of Opportunity: International (Section Divider)

Content

Orange-accented section divider introducing Head of International Rachel Lord and the international growth theme.

Layout Structure

Dark background with orange accent bar, speaker name and international section title

Key Visual Elements

  • •Orange accent bar
  • •Speaker name
  • •Dark background
  • •International theme branding
Page 124
Business Overview

International Platform — $4.4T AUM, $9.5B Revenue

Content

Overview of BlackRock's non-US business at $4.4T AUM generating $9.5B in revenue with 15% year-over-year growth and 8% organic asset growth.

Layout Structure

Hero metric layout with four KPIs and regional revenue breakdown

Key Visual Elements

  • •$4.4T AUM callout
  • •$9.5B revenue metric
  • •15% YoY growth
  • •Regional revenue breakdown
Page 125
Strategy

Three Pillars — Growing Markets, Innovative Products, Removing Barriers

Content

Presents international growth strategy across three pillars: entering growing markets, launching innovative products, and removing distribution barriers.

Layout Structure

Three-pillar layout with icon, headline, and market example per pillar

Key Visual Elements

  • •Three-pillar layout
  • •Pillar icons
  • •Market examples
  • •Growth opportunity callouts
Page 126
Strategic Partnership

JioBlackRock India Partnership

Content

Details the JioBlackRock joint venture in India targeting the growing Indian retail investor market through digital distribution.

Layout Structure

Partnership overview card with JioBlackRock logo, market size, and product launch status

Key Visual Elements

  • •JioBlackRock logo
  • •India market size chart
  • •Digital distribution diagram
  • •Product launch timeline
Page 127
Regional Strategy

Middle East Expansion — $5B PIF, $30B AI Capital, ~$2T Infra by 2035

Content

Outlines BlackRock's Middle East strategy including a $5B PIF investment, $30B AI capital target, and ~$2T infrastructure opportunity by 2035.

Layout Structure

Three-metric Middle East opportunity layout with regional map and investment targets

Key Visual Elements

  • •Middle East map
  • •$5B PIF callout
  • •$30B AI capital metric
  • •$2T infra opportunity
Page 128
Retirement Solutions

Retirement Innovation — DB to DC, Consolidation & Collective DC

Content

Presents international retirement market evolution from defined benefit to defined contribution, including collective DC innovation.

Layout Structure

Retirement evolution timeline with DB-to-DC shift and collective DC product positioning

Key Visual Elements

  • •DB to DC evolution chart
  • •Collective DC product card
  • •Consolidation trend arrow
  • •Market size callouts
Page 129
Operating Model

Scalable International Growth Foundations

Content

Summarizes the operational and distribution foundations enabling scalable international growth: local teams, regulatory licenses, and platform integration.

Layout Structure

Foundation diagram with operational capability pillars and international scale levers

Key Visual Elements

  • •Foundation diagram
  • •Capability pillars
  • •Scale levers
  • •International coverage map
Page 130
Footnotes

End Notes — International Section

Content

Footnotes and data source attributions for the International growth section.

Layout Structure

Small-body footnote text in single column on white background

Key Visual Elements

  • •Footnote text block
  • •Numbered references
  • •BlackRock footer bar
Page 131
Section Divider

Martin Small — Why BlackRock, and Why Now? (Section Divider)

Content

Orange-accented closing section divider reintroducing CFO Martin Small for the shareholder value and closing investment case.

Layout Structure

Dark background with orange accent bar, speaker name and closing section title

Key Visual Elements

  • •Orange accent bar
  • •Speaker name
  • •Dark background
  • •Closing theme branding
Page 132
Shareholder Value

Shareholder Value Framework

Content

Presents the three-part shareholder value equation: organic growth plus operating leverage plus capital management equals EPS growth.

Layout Structure

Equation-style layout with three input boxes feeding into EPS growth output

Key Visual Elements

  • •Equation layout
  • •Three input boxes
  • •EPS growth output
  • •Arrow connectors
Page 133
Financial Targets

5% Organic Asset & Fee Growth Target

Content

Commits to 5% organic asset growth and 5%+ fee growth as the primary organic revenue drivers underpinning the 2030 targets.

Layout Structure

Dual metric layout with organic asset growth and fee growth targets side by side

Key Visual Elements

  • •5% asset growth callout
  • •5%+ fee growth callout
  • •Historical vs. target comparison
  • •Growth driver breakdown
Page 134
Financial Targets

44.5% Operating Margin Target

Content

Sets a 44.5% operating margin target, illustrating operating leverage from scale and technology investment.

Layout Structure

Operating margin bridge chart from current to target with cost/revenue driver annotations

Key Visual Elements

  • •Margin bridge chart
  • •44.5% target callout
  • •Operating leverage drivers
  • •Historical margin comparison
Page 135
Capital Return

$20.40 Dividend — 9% CAGR

Content

Reports $20.40 per share annual dividend growing at a 9% CAGR as evidence of consistent capital return to shareholders.

Layout Structure

Dividend history bar chart with CAGR annotation and forward commitment statement

Key Visual Elements

  • •Dividend history bars
  • •$20.40 dividend callout
  • •9% CAGR label
  • •Forward commitment statement
Page 136
AUM Growth

AUM Growth — $4.7T to $11.6T at 9% CAGR

Content

Charts AUM growth from $4.7T to $11.6T at a 9% CAGR, demonstrating sustained platform expansion.

Layout Structure

AUM growth bar chart with CAGR trendline from historical to 2030 projection

Key Visual Elements

  • •AUM growth bars
  • •$11.6T target
  • •9% CAGR trendline
  • •Historical baseline annotation
Page 137
Fee Analysis

Diversified Platform Supporting 5%+ Fee Growth

Content

Shows how platform diversification across high-fee active, ETF, private markets, and technology supports sustained 5%+ fee rate growth.

Layout Structure

Fee mix waterfall showing business unit contributions to blended fee growth

Key Visual Elements

  • •Fee mix waterfall
  • •Business unit contributions
  • •Blended fee callout
  • •Mix shift arrows
Page 138
Financial Analysis

Fee Rate Analysis

Content

Detailed breakdown of fee rates by business segment, illustrating the margin expansion from mix shift toward higher-fee products.

Layout Structure

Fee rate comparison table with segment rows and average fee basis points columns

Key Visual Elements

  • •Fee rate table
  • •Segment rows
  • •Basis points columns
  • •Mix shift impact annotation
Page 139
Financial Model

Expense Framework — $20.4B Revenue, 44.5% Margin

Content

Details the expense framework showing $20.4B in revenue, 55.5% expense ratio, and resulting 44.5% operating margin.

Layout Structure

Waterfall bridge from revenue to operating income with expense category bars

Key Visual Elements

  • •Revenue-to-income waterfall
  • •Expense category bars
  • •$20.4B revenue label
  • •44.5% margin output
Page 140
Workforce Strategy

Headcount Strategy — 21.1K, iHubs 7.6K

Content

Presents headcount plan at 21,100 total employees with 7,600 in iHub innovation centers, reflecting efficiency and talent density strategy.

Layout Structure

Headcount breakdown chart with iHub proportion highlighted and location map

Key Visual Elements

  • •Headcount breakdown chart
  • •21.1K total callout
  • •7.6K iHub callout
  • •iHub location map
Page 141
Capital Management

Capital Management Priorities

Content

Outlines capital allocation priorities: organic investment, dividends, share repurchases, and strategic M&A in that order.

Layout Structure

Capital allocation priority pyramid with four tiers and commentary

Key Visual Elements

  • •Priority pyramid
  • •Four capital allocation tiers
  • •Commentary text
  • •Dividend/buyback metrics
Page 142
M&A Track Record

M&A Track Record — First Reserve 3x, TCP 4x, eFront 2x, Aperio 20%, SpiderRock 40%

Content

Presents BlackRock's M&A track record showing value-creation multiples: First Reserve 3x, TCP 4x, eFront 2x, Aperio 20% growth, SpiderRock 40% growth.

Layout Structure

M&A deal matrix with acquisition name, year, value creation metric, and strategic rationale

Key Visual Elements

  • •Deal matrix table
  • •Value creation multiples
  • •Acquisition name labels
  • •Strategic rationale notes
Page 143
Investment Case

Why BlackRock and Why Now — Closing Summary

Content

Closing investment case slide summarizing why BlackRock's combination of scale, diversification, technology, and capital discipline makes it uniquely positioned.

Layout Structure

Bold summary slide with headline statement and five supporting bullet points

Key Visual Elements

  • •Bold headline statement
  • •Five supporting bullets
  • •BlackRock logo
  • •Call to action text
Page 144
Appendix / Financials

GAAP Reconciliation — Non-GAAP to GAAP

Content

Appendix table reconciling non-GAAP operating income and EPS figures to GAAP reported numbers for investor transparency.

Layout Structure

Financial reconciliation table with line items, non-GAAP, adjustments, and GAAP columns

Key Visual Elements

  • •Reconciliation table
  • •Non-GAAP column
  • •Adjustment column
  • •GAAP column
  • •Subtotal rows
Page 145
Appendix / Financials

GAAP Reconciliation — Additional Metrics

Content

Second appendix reconciliation page covering additional non-GAAP financial metrics including adjusted operating margin and effective tax rate.

Layout Structure

Financial reconciliation table continuation on white background

Key Visual Elements

  • •Reconciliation table continuation
  • •Margin reconciliation rows
  • •Tax rate adjustment rows
  • •BlackRock footer bar
Page 146
Appendix / Disclosures

Performance Notes — Investment Performance Disclosures

Content

Appendix disclosures explaining methodology for performance calculations, peer universe definitions, and benchmark selection criteria.

Layout Structure

Dense disclosure text in single column with section headers for each performance claim

Key Visual Elements

  • •Section headers
  • •Disclosure text blocks
  • •Methodology notes
  • •BlackRock footer bar
Page 147
Appendix / Disclosures

Performance Notes — Continued & Closing Disclaimer

Content

Final page continuing investment performance disclosures and closing legal disclaimer reminding viewers of forward-looking statement risks.

Layout Structure

Dense small-body text closing the document with standard legal language

Key Visual Elements

  • •Closing disclaimer text
  • •Forward-looking statement reminder
  • •BlackRock logo
  • •Document end marker

Frequently Asked Questions

Common questions about this slide and the underlying presentation content.

What is this BlackRock Investor Day 2025 presentation about?

This is BlackRock's 147-page 2025 Investor Day presentation outlining the firm's 2030 strategic ambitions, including $35B+ revenue and $15B operating income targets, and covering each major business: iShares ETFs, Aladdin technology, active investing, systematic investing, fixed income, HPS private credit, GIP infrastructure, and international growth.

What design style is used in this presentation?

The presentation uses a clean minimalist corporate financial design with a black, white, orange, red, and yellow color palette. Bold sans-serif typography, color-coded boxes, and consistent BlackRock-branded footers appear on every page. Section dividers use a dark background with an orange accent bar. Photography is minimal — only the cover and a single marketing page include images.

How is the presentation structured across 147 pages?

The deck is organized into nine speaker sections, each introduced by an orange-accented section divider: Martin Small (2030 Ambition), Rob Goldstein (Powering Scale), Sudhir Nair & Tarek Chouman (Aladdin), Stephen Cohen/Jessica Tan/Jane Sloan (iShares), Rich Kushel (Active Investing), Raffaele Savi (Systematic), Rick Rieder (Fixed Income), Scott Kapnick/HPS (Private Credit), Adebayo Ogunlesi/GIP (Infrastructure), Rachel Lord (International), and Martin Small closing (Shareholder Value).

What are BlackRock's key 2030 financial targets from this presentation?

BlackRock targets $35B+ in revenue, $15B in operating income, and approximately $280B in market capitalization by 2030, supported by 5% organic asset and fee growth, a 44.5% operating margin, and $400B in private markets fundraising.

Can I use this as a template for my own investor day presentation?

Yes — this presentation is an excellent reference template for large financial services or asset management investor day decks. Its modular section-divider structure, consistent branded footer, data visualization patterns (waterfalls, funnels, platform diagrams), and multi-speaker format can all be adapted for your own investor relations materials.

What slide layouts and chart types are used most frequently in this deck?

The most common layouts are three-column card grids, hero metric callout boxes, horizontal timelines, waterfall bridge charts, platform/ecosystem node diagrams, market size projection bar charts, and performance comparison tables. Each layout is executed cleanly with minimal decoration and consistent branding.

What is the Aladdin platform, and how is it represented in the slides?

Aladdin is BlackRock's investment operating system, presented in a dedicated 17-slide section as three roles: operating backbone for BlackRock, technology platform for institutional clients, and a commercial software business with $1.6B in revenue. Slides include a growth flywheel diagram, TAM analysis ($20B+), funnel visualization, and AI/Copilot product mockups.

How are the HPS and GIP acquisitions explained in the presentation?

HPS Investment Partners (private credit, ~$117B fee-paying AUM) and Global Infrastructure Partners (GIP, $183B infrastructure AUM) are each given dedicated multi-slide sections covering platform breadth, market opportunity, fundraising track record, and integration rationale with BlackRock's distribution, technology, and capital management capabilities.

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