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I nvesco Bank of Am erica Merrill Lynch Banking and Financial - PowerPoint PPT Presentation

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I nvesco Bank of Am erica Merrill Lynch Banking and Financial Services Conference Colin D. Meadows Senior Managing Director, CAO Loren M. Starr Senior Managing Director, CFO Novem ber 1 1 , 2 0 0 9 Forw ard-looking statem ents This

  1. I nvesco Bank of Am erica Merrill Lynch Banking and Financial Services Conference Colin D. Meadows Senior Managing Director, CAO Loren M. Starr Senior Managing Director, CFO Novem ber 1 1 , 2 0 0 9

  2. Forw ard-looking statem ents 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, 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. 2

  3. Our Business Today A global leader in investment management • One of the world’s leading independent global investment Leadership management firms. • We draw on the strength of many resources: Strength • $416.9 billion in assets under management • Publicly traded on NYSE with $9.8 billion in market capitalization • Client support in 20 countries serving clients in more than 100 countries • 11 specialized investment centers • More than 4,900 employees worldwide • More than 500 investment professionals • We deliver on a single focus: Investment Focus Management • Long history of managing assets for clients globally Experience All data as of September 30, 2009. 3

  4. I nvesco Strategic Priorities Rem ain Consistent The m arkets are global and so is our com pany 1 Achieve strong investm ent perform ance Long-Term Goals � Ensure clearly articulated investment disciplines aligned with client expectations underpinned by diligent oversight and rigorous quality control processes � Create truly enduring investment solutions � Foster a culture of investment excellence that attracts, retains and motivates top talent 2 Deliver our investm ent 4 Build a high- perform ance capabilities anyw here in the organization w orld to m eet client needs Long-Term Goals Long-Term Goals � Commit to continuous improvement Our Aspiration: � Delivering the combined power and performance excellence Take advantage of of our distinctive worldwide throughout the organization our w orld of opportunity investment management � Foster a true meritocracy where to becom e the prem ier capabilities globally performance is rewarded � Strengthen our position in global investm ent � Drive greater transparency, prioritized developed and m anagem ent firm accountability and execution emerging markets � Innovate to capitalize on new at all levels opportunities 3 Unlock the pow er of our global operating platform Long-Term Goals � Act as one firm, not a collection of many � Simplify our global operating model � Prioritize for profitable growth � Continue the diversification of our investment objectives, clients and channels 4

  5. I nvesco is Com m itted to I nvestm ent Excellence Perform ance Disciplined I nvestm ent centric m easurem ent and repeatable culture risk assessm ent investm ent process • Each of the distinct • I ndependent risk • Com petitive rew ards investment teams has a m anagem ent controls system aligns pay with long and processes within our term investment clearly articulated investm ent strategy investment teams and performance and promote and philosophy , across Invesco talent aligned with client • Mechanisms for more than expectations 500 investment • Reporting of investment professionals to share ideas performance and risk and develop new • m anagem ent to drive Tested strategies concepts in 20 countries through experience of transparency across the deep investment teams organization through multiple market • Access to the latest cycles investm ent technology • I nstitutionalized proprietary tools and oversight to ensure platforms • CIOs have clearly success: defined accountability Invesco Ltd. Board — to manage investment Fund Boards — • Client support and disciplines and develop Executive Management — adm inistrative platform s talent Investment Team CIOs — provide scale , best practices and minimize non- investment distractions 5

  6. Perform ance Benefits of Strong ERM Practices Invesco’s Enterprise Risk Management (ERM) capabilities are serving the firm well through the challenging environment � Registered Money Market Funds: Avoided credit blow-ups — No holdings of defaulted securities — Maintained $1.00 NAVs throughout the crisis — Redemption requests processed without interruption — No capital injections or capital support — No exposure to AIG, Lehman, WaMu — No securities purchased out of MMFs by IVZ — No securities downgraded below Tier 1 while held in MMFs throughout the crisis — � No involuntary fund closures � No exposure to high profile fraud events (Madoff, Stanford) � No securities lending losses for clients � Did not issue or sponsor auction rate preferred securities 6

  7. I nvestm ent Perform ance – Overview Aggregate Perform ance Analysis – Asset W eighted Strong overall peer group perform ance ( asset-w eighted) – 6 6 % , 7 1 % , and 7 5 % of assets are in the top half of peer groups for the 1 , 3 , and 5 -year tim e periods as of Septem ber 3 0 , 2 0 0 9 . % Assets in Top Half of Peer Group* 3 -Year 1 -Year 5 -Year 25% 29% 34% 66% 71% 75% % Assets top half of peer group % Assets bottom half of peer group * I ncludes AUM of $ 2 8 2.6 billion ( 68 % of total I VZ) for 1 year, $ 27 9 .2 billion ( 6 7 % of total I VZ) for 3 year, and 2 6 9.4 billion ( 6 5 % of total I VZ) for 5 year as of 9 / 3 0/ 0 9. Peer group rankings are as of prior quarter-end for institutional products and prior m onth m onth-end for Australian retail. Excludes I nvesco Pow erShares, W L Ross, I nvesco Private Capital, non-discretionary direct real estate, bank loans and CDOs. Certain funds and products w ere excluded from the analysis because of lim ited benchm ark or peer group data. Had these been available, results m ay have been different. These results are prelim inary and subject to revision. Perform ance assum es the reinvestm ent of dividends. Past perform ance is not indicative of future results and m ay 7 not reflect an investor’s experience.

  8. I nvesco’s solutions are delivered by specialized investm ent team s around the globe I nvesco Aim I nvesco Global I nvestm ent focus: Strategies U.S., international I nvestm ent focus: and global equities Global Equity (Global, AUM: $47.9 billion non-U.S., and I nvesco Trim ark I nvesco I nvesco Private I nvesco Emerging Market Perpetual Capital I nvestm ent W orldw ide Fixed equities) focus: Canadian I ncom e I nvestm ent I nvesco Asia- I nvestm ent equities, fixed Quantitative Equity focus: Fund of Pacific I nvestm ent focus: U.K. and income and global (quantitative active, funds and venture focus: Money I nvestm ent focus: international equity value enhanced and capital private market, stable Asian Ex-Japanese, and fixed income long/ short equities AUM: $20.7 billion value, global fixed Greater Chinese, AUM: $73.3 billion strategies) income and Japanese and AUM: $1.6 billion alternatives/ Australian equities Global Asset financial structures AUM: $19.2 billion Allocation (tactical I nvesco Real I nvesco W L Ross AUM: $160.8 billion asset allocation, Estate Pow erShares alternative beta, and I nvestm ent I nvestm ent Atlantic Trust multi-asset class I nvestm ent focus: Distressed focus: Global direct focus: ETFs solutions) and restructuring I nvestm ent real estate private equities focus: AUM: $14.1 billion AUM: $33.1 billion investing and public High-net-worth AUM: $7.2 billion real estate multimanagement investing AUM: $14.9 billion AUM: $24.1 billion As of September 30, 2009. The listed investment centers do not all provide products or services that are available in the U.S., nor are their products and services available on all platforms. Please consult I nvesco for more information. 8

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