Invesco third quarter 2012 results · Summary of third quarter 2012 results Assets under management September 30, 2012, AUM of $683.0 billion versus $646.6 billion at June 30, 2012

Invesco third quarter 2012 results

Martin L. Flanagan

President and Chief Executive Officer

Loren M. Starr

Chief Financial Officer

November 1, 2012

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, 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

Financial results

Questions

Appendix

2

3

– Maintained strong, long-term investment performance

– Continued focus on delivering value to clients contributed to net flows of $11.7 billion – the most robust since Q2 2010

– Dividend is 17.25 cents per share – 41% above last year’s level – reflecting confidence in the continued strength of our business

– Total return of capital to shareholders totaled $118 million

Continued strong investment performance and strong net flows contributed to solid operating results


4

– Entered into an agreement to acquire 49 percent of Religare Asset Management Company Limited

– Further extended the firm’s strong, global suite of multi-asset capabilities

– Addition of a dedicated multi-asset team in the UK

– Continued expansion of the product range

– Invested in additional branding spend to continue building Invesco’s profile in the marketplace

Taking advantage of opportunities in the marketplace to build our long-term business

Investing in the future of our business

5

Summary of third quarter 2012 results

Assets under management

September 30, 2012, AUM of $683.0 billion versus $646.6 billion at June 30, 2012

Average AUM was $667.9 billion versus $651.2 billion for the second quarter

Flows

Overall operating results*

Capital management

Total net flows of $11.7 billion Net long-term flows of $9.4 billion Money market flows of $2.3 billion

Adjusted operating income was $250 million versus $249 million in the second quarter

Adjusted operating margin was 34.1% in the quarter versus 35.0% in the second quarter

Adjusted diluted EPS for the quarter was $0.42 versus $0.41 in the prior quarter

Third quarter dividend of 17.25 cents per share, a 41% increase over last year’s level

Repurchased $40 million in common stock (1.8 million shares)

* 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



Financial results

Questions

Appendix

6

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 – overview Aggregate performance analysis – asset weighted

*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. 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 9/30/2012. Includes AUM of $399.7 billion (59% of total IVZ) for 1 year, $397.5 billion (58% of total IVZ) for three year, and $378.9 billion (55% 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, Russell, Mercer, eVestment Alliance,

SITCA) 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.

8

Quarterly flows – total flows Strong investment performance, continued focus on client needs and favorable markets contributed to the most robust net flows since Q2 2010

4Q10* 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 4Q10* 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12

Total AUM Active AUM Passive AUM

* 4Q10 excluded the impact of the previously announced passive outflow. 2Q10: $15.8 billion excluded from gross sales 4Q10: $18.6 billion excluded from gross redemptions

Quarterly long-term flows ($ billions)

Gross sales

Gross redemptions

Net long-term sales

9

(a) Retail quarterly flows include retail products in the U.S., Canada, U.K., Europe, Asia and our offshore product line. (b) Institutional quarterly flows include our institutional business in the U.S., Continental Europe and Asia and exclude institutional money market. (c) PWM quarterly flows include our high-net-worth business in the U.S.

0.8 0.8 0.9 0.81.0 1.0 0.9 1.0

-0.7 -0.7 -0.7

-0.4-0.5

-0.4

-0.7 -0.8

0.1 0.1 0.20.4 0.5 0.6

0.2 0.2

Retail(a) Institutional(b) Private Wealth Management(c)

4Q10* 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12

* 4Q10 excluded the impact of the previously announced passive outflow. 2Q10: $15.8 billion excluded from gross sales 4Q10: $18.6 billion excluded from gross redemptions

Quarterly long-term flows ($ billions)

Gross sales

Gross redemptions

Net long-term sales

Quarterly flows – total flows Robust net flows across all channels in our global business

Strong net inflows in US Retail of $5.9 billion

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

Invesco US Retail excludes PowerShares QQQ. Industry redemption rates includes proprietary, non-proprietary, direct, institutional, VA and ETFs and reflects Q3 2012 through August 31, 2012 10

+29%

+36%

(27%) +9%

(15%)

IVZ

Industry

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

($ billions)

Net sales

+32%

Annualized redemption rate (rolling 3-month average)

Gross and net sales

(11%)

+17%

Continued strong demand for asset allocation strategies, with over $4 billion of net inflows in the third quarter

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 for additional disclosure.

11

Discussion topics



Financial results

Questions

Appendix

12

($ billions) 3Q-12 2Q-12 % Change

Beginning Assets $646.6 $672.8 (3.9)%

Long-Term Inflows 42.3 37.1 14.0%

Long-Term Outflows (32.9) (42.0) (21.7)%

Long-Term Net flows 9.4 (4.9) N/A

Net flows in Inst. Money Market Funds 2.3 (3.4) N/A

Market Gains and Losses/Reinvestment 22.1 (15.5) N/A

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

Foreign Currency Translation 4.3 (2.4) N/A

Ending Assets $683.0 $646.6 5.6%

Ending Long-Term AUM $613.7 $579.6 5.9%

Average Long-Term AUM $599.8 $583.1 2.8%

Average Institutional Money Market AUM $68.1 $68.1 -

Average AUM $667.9 $651.2 2.6%

Net Revenue Yield (annualized)* 44.0bps 43.7bps

Net Revenue Yield Before Performance Fees (annualized)* 43.8bps 42.8bps

* 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.

13

Total assets under management – 3Q12 vs. 2Q12

($ millions) 3Q-12 2Q-12 % Change

Adjusted Revenues

Investment Management Fees 840 802 4.7%

Service and Distribution Fees 196 187 4.8%

Performance Fees 3 16 (78.1)%

Other 24 26 (6.9)%

Third-Party Distribution, Service and Advisory Expenses (329) (319) 3.3%

Adjusted Net Revenues 735 712 3.2%

Adjusted Operating Expenses

Employee Compensation 328 307 6.9%

Marketing 27 27 (1.1)%

Property, Office and Technology 69 68 2.2%

General and Administrative 61 62 (1.9)%

Total Adjusted Operating Expenses 484 463 4.6%

Adjusted Operating Income 250 249 0.6%

Adjusted Other Income/(Expense)

Equity in Earnings of Unconsolidated Affiliates 2 6 (70.9)%

Interest and Dividend Income 5 5 (3.8)%

Interest Expense (13) (13) (6.0)%

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

Adjusted Income Before Income Taxes 254 245 3.8%

Effective Tax Rate 25.8% 24.5%

Adjusted Net Income attributed to common shareholders 188 185 2.0%

Adjusted diluted EPS $0.42 $0.41 2.4%

Adjusted Operating Margin 34.1% 35.0%

Average AUM ($ billions) 667.9 651.2 2.6%

Headcount 6,101 6,141 (0.7)%

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. 14

Non-GAAP operating results – 3Q12 vs. 2Q12

15

– Maintained strong, long-term investment performance

– Continued focus on delivering value to clients contributed to net flows of $11.7 billion – the most robust since Q2 2010

– Dividend is 17.25 cents per share – 41% above last year’s level – reflecting confidence in the continued strength of our business

– Total return of capital to shareholders totaled $118 million

Continued strong investment performance and strong net flows contributed to solid operating results


Discussion topics



Financial results

Questions

Appendix

16

Discussion topics



Financial results

Questions

Appendix

17

18

Additional Disclosure for Invesco Balanced-Risk Allocation Fund

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.

Commitment to investment excellence

Source: Invesco. All data as of September 30, 2012. The listed centers do not all provide products or services that are available in all jurisdictions, nor are

their products and services available on all platforms. All entities listed are wholly owned, indirect subsidiaries of Invesco Ltd., except Invesco Great Wall in

Shenzhen, which is a joint venture between Invesco and Great Wall Securities, and the Huaneng Invesco WLR Investment Consulting Company Ltd. in

Beijing, which is a joint venture between Huaneng Capital Services and WL Ross & Co. Please consult your Invesco representative for more information. 19

% 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 $378.9 billion)

Equities

U.S. Core (6%) U.S. Growth (6%) U.S. Value (10%)

Asian (5%) Canadian (1%) U.K. (10%)

Sector (2%)

European (2%)

20




Data as of 9/30/2012. Includes AUM of $378.9 billion (55% 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, Russell, Mercer, eVestment Alliance, SITCA) 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 $378.9 billion)

79

21

100

-

Global (3%) Global ex-US and

emerging markets (6%) Alternatives (5%) Balanced (8%)

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

21




Data as of 9/30/2012. Includes AUM of $378.9 billion (55% 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, Russell, Mercer, eVestment Alliance, SITCA) 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)*

1%

45%

1%

7%

97%

50%

97%

86%

100%

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%

55%

99%

15%

44%

24%

49%

6%

15% 90%

1-Yr 3-Yr 5-Yr

70%

93%

48%

4%

55%

2% 2%

35%

52%

1-Yr 3-Yr 5-Yr

28%22%

8% 6%20%

1%

2%2%

40%

1-Yr 3-Yr 5-Yr

59%66%

60%

7%

30%

7%

15%

6%41%

1-Yr 3-Yr 5-Yr

2%

25%51%

46%

49%

74%

51%54%

1-Yr 3-Yr 5-Yr

44% 46%

28%

9% 14% 8%

18%

13%23%

1-Yr 3-Yr 5-Yr

AUM above benchmark 1st quartile 2nd quartile

1-Yr 3-Yr 5-Yr

29%

94%

15%28%

38%

23%

9% 17%

42%

100%

100%

*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. 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 9/30/2012. AUM measured in the one, three, and five year quartile rankings represents 59%, 58%, and 55% of total Invesco AUM, respectively, and AUM measured versus benchmark on a one, three, and five year basis represents 70%,

69, and 65% of total Invesco AUM, respectively, as of 9/30/12. Peer group rankings are sourced from a widely-used third party ranking agency in each fund’s market (Lipper, Morningstar, Russell, Mercer, eVestment Alliance, SITCA) 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.

53%

95%

52%

12%20%

35%

1%

86%58%

1-Yr 3-Yr 5-Yr

83%

96%

84%

83%

5%

69%

13%

81%

1-Yr 3-Yr 5-Yr

35%

75%

63% 80%

15%16% 10%

84%81%

1-Yr 3-Yr 5-Yr

94%

81%85%

56%45%

57%

37%22%17%

1-Yr 3-Yr 5-Yr

62%

75%

84%

9% 11%

30%

13%

80%72%

1-Yr 3-Yr 5-Yr

57%

68%

50%

9%

54%

5%

11%

46%

5%

1-Yr 3-Yr 5-Yr

Global Global ex-U.S. and Emerging markets Alternatives

Money market U.S. fixed income Global fixed income

Equities Other

Fixed income

Balanced

100%

Stable value

100%

100% 100% 100%

100% 100%

Investment performance By investment objective (actively managed assets)*

AUM above benchmark 1st quartile 2nd quartile

88%

67%

37%

33% 32%24%

57%

18%

20%

1-Yr 3-Yr 5-Yr

100% 100% 100%

100% 100% 100%

1-Yr 3-Yr 5-Yr

100%

*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. 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 9/30/2012. AUM measured in the one, three, and five year quartile rankings represents 59%, 58%, and 55% of total Invesco AUM, respectively, and AUM measured versus benchmark on a one, three, and five year basis represents 70%,

69, and 65% of total Invesco AUM, respectively, as of 9/30/12. Peer group rankings are sourced from a widely-used third party ranking agency in each fund’s market (Lipper, Morningstar, Russell, Mercer, eVestment Alliance, SITCA) 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.

69%

4%

15%

5%

7%

44%

9%

11%

24%

12%

24

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

As of September 30, 2012

By client domicile By channel By asset class

$474.5 $25.0

$99.6 $35.6 $48.3

$683.0 Total

U.S. Canada U.K.

Europe Asia

15.5% 9.6%

14.9% 11.6% 5.0%

14.1%

1-Yr Change ($ billions)

$423.4 $240.0

$19.6

$683.0 Total

Retail Institutional

PWM

19.5% 5.6%

16.7%

14.1%


$300.6 $57.9 $73.2

$167.0

$84.3

Total

Equity Balanced Money Market Fixed Income

Alternative

18.7% 39.5%

(0.5)% 13.8% 1.1%

14.1%


$683.0

62% 35%

3%

25

Non-GAAP operating results – quarterly

($ millions) 3Q-12 2Q-12 % Change* 1Q-12 4Q-11 3Q-11 2Q-11 1Q-11 4Q-10

Investment Management Fees 840 802 4.7% 812 771 804 844 816 799

Service and Distribution Fees 196 187 4.8% 189 181 189 206 199 202

Performance Fees 3 16 (78.1)% 21 24 3 8 4 19

Other 24 26 (6.9)% 33 45 27 32 33 35

Third-party distribution, service and advisory expense (329) (319) 3.3% (319) (304) (317) (339) (327) (318)

Total Operating Revenues 735 712 3.2% 736 717 706 751 724 736

Employee Compensation 328 307 6.9% 313 312 306 311 300 305

Marketing 27 27 (1.1)% 27 22 24 27 26 26

Property, Office and Technology 69 68 2.2% 66 62 63 63 65 66

General and Administrative 61 62 (1.9)% 61 64 57 66 62 58

Adjusted Operating Expenses 484 463 4.6% 467 461 450 466 452 456

Adjusted Operating Income 250 249 0.6% 269 256 256 285 272 280

Equity in Earnings of Unconsolidated Affiliates 2 6 (70.9)% 5 (1) 3 5 2 7

Interest and Dividend Income 5 5 (3.8)% 6 6 5 3 3 3

Interest Expense (13) (13) (6.0)% (14) (14) (15) (16) (16) (16)

Other Gains and Losses, net 10 (2) N/A 2 - - 3 4 6

Adjusted Income Before Income Taxes 254 245 3.8% 268 247 248 280 265 280

Effective Tax Rate** 25.8% 24.5% 25.1% 22.9% 22.5% 26.0% 27.6% 26.0%

Adjusted Net Income Attributable to Common Shareholders

188 185 2.0% 201 191 192 207 192 209

Adjusted Diluted EPS $0.42 $0.41 2.4% $0.44 $0.42 $0.42 $0.44 $0.41 $0.44

* % 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

26

US GAAP operating results – quarterly

($ millions) 3Q-12 2Q-12 % Change* 1Q-12 4Q-11 3Q-11 2Q-11 1Q-11 4Q-10

Investment Management Fees 818 781 4.8% 791 748 780 819 792 774

Service and Distribution Fees 196 187 4.8% 189 181 189 211 199 202

Performance Fees 3 15 (80.5)% 21 24 3 8 4 19

Other 24 26 (6.2)% 33 45 27 32 33 34

Total Operating Revenues 1041 1,009 3.2% 1,034 997 998 1,070 1,027 1,029

Employee Compensation 331 305 8.6% 319 317 306 318 306 313

Third-Party Distribution, Service and Advisory 327 317 3.3% 317 302 314 342 325 316

Marketing 26 27 (0.8)% 27 21 13 26 26 26

Property, Office and Technology 69 69 0.9% 67 66 63 62 64 66

General and Administrative 69 89 (22.4)% 73 75 70 78 74 84

Transaction & Integration 3 1 172.7% 2 6 5 11 8 27

Total Operating Expenses 825 806 2.4% 804 786 770 837 802 830

Operating Income 216 203 6.5% 230 212 228 233 226 199

Equity in Earnings of Unconsolidated Affiliates 5 7 (24.6)% 10 5 8 11 7 13

Interest and Dividend Income 3 2 13.6% 2 3 4 2 2 4

Interest Income of Consolidated Investment Products 69 69 -% 69 74 80 80 74 65

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

(25) 77 (132.6)% (122) 104 (93) (65) (86) (28)

Interest Expense (13) (13) (6.0)% (14) (14) (15) (16) (16) (16)

Interest Expense of Consolidated Investment Products

(42) (47) (10.7)% (46) (52) (49) (47) (40) (37)

Other Gains and Losses, net 18 (8) (339.0)% 19 55 (20) 6 8 12

Income Before Income Taxes 231 290 (20.3)% 148 386 143 205 175 212

Effective Tax Rate** 30.3% 28.8% N/A 27.5% 27.3% 26.2% 29.2% 29.9% 24.1%

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

14 (74) (118.6%) 119 (108) 84 54 78 19

Net Income Attributable to Common Shareholders 171 154 10.9% 194 202 167 183 178 175

EPS Diluted $0.38 $0.34 11.8% $0.43 $0.44 $0.36 $0.39 $0.38 $0.37

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

27

Total assets under management – quarterly

($ billions) 3Q-12 2Q-12 % Change 1Q-12 4Q-11 3Q-11

Beginning Assets $646.6 $672.8 (3.9)% $625.3 $598.4 $653.7

Long-Term Inflows 42.3 37.1 14.0% 42.9 41.1 45.9

Long-Term Outflows (32.9) (42.0) (21.7)% (35.9) (35.5) (42.6)

Long-Term Net flows 9.4 (4.9) N/A 7.0 5.6 3.3

Net flows in Inst. Money Market Funds 2.3 (3.4) N/A 1.1 0.4 (1.1)

Market Gains and Losses/Reinvestment 22.1 (15.5) N/A 37.3 20.8 (52.2)

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

Foreign Currency Translation 4.3 (2.4) N/A 2.1 0.1 (5.3)

Ending Assets $683.0 $646.6 5.6% $672.8 $625.3 $598.4

Ending Long-Term AUM $613.7 $579.6 5.9% $602.3 $555.9 $529.3

Average Long-Term AUM 599.8 583.1 2.9% 588.0 552.1 564.3

Average Institutional Money Market AUM 68.1 68.1 -% 70.2 69.6 68.4

Average AUM $667.9 $651.2 2.6% $658.2 $621.7 $632.7

Gross Revenue Yield (annualized)* 62.6bps 62.3bps 63.1bps 64.5bps 63.4bps

Gross Revenue Yield Less Performance Fees (annualized)*

62.5bps 61.3bps 61.9bps 62.9bps 63.2bps

Net Revenue Yield (annualized)** 44.0bps 43.7bps 44.7bps 46.1bps 44.6bps

Net Revenue Yield Less Performance Fees

(annualized)**

43.8bps 42.8bps 43.5bps 44.6bps 44.5bps

* Gross revenue yield on AUM is equal to total operating revenues divided by average AUM, excluding JV AUM. Average AUM for 3Q12, for our joint ventures in China were $2.9bn (2Q12:$3.1bn;1Q12:$3.0bn;4Q11:$3.1bn;3Q11:$3.3bn;2Q11:$3.5bn;1Q11:$3.5bn;4Q10:$3.6bn;3Q10:$3.4bn)

**Net Revenue Yield on AUM is equal to net revenues divided by average AUM including JV AUM. Average AUM for 3Q12, for our JV in China were $2.9bn (2Q12:$3.1bn;1Q12:$3.0bn;4Q11:$3.1bn;3Q11:$3.3bn;2Q11:$3.5bn;1Q11:$3.5bn;4Q10:$3.6bn;3Q10:$3.4bn)

28

Total assets under management – by asset class

June 30, 2012 $646.6 $283.8 $155.6 $51.5 $71.0 $84.7

Long-Term Inflows 42.3 19.9 11.7 5.7 0.7 4.3

Long-Term Outflows (32.9) (20.7) (4.5) (2.0) (0.9) (4.8)

Long-Term Net flows 9.4 (0.8) 7.2 3.7 (0.2) (0.5)

Net flows in Inst. Money Market Fund

2.3 - - - 2.3 -

Market Gains and Losses/Reinvestment

22.1 14.8 3.6 2.1 0.1 1.5

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

Foreign Currency Translation 4.3 2.8 0.6 0.6 - 0.3

September 30, 2012 $683.0 $300.6 $167.0 $57.9 $73.2 $84.3

($ billions) Total

Equity

Fixed

Income

Balanced

Money

Market

Alternative

March 31, 2012 $672.8 $305.2 $155.0 $50.5 $74.5 $87.6



Long-Term Net flows (4.9) (6.1) 0.1 2.3 0.2 (1.4)


(3.4) - - - (3.4) -


(15.5) (13.7) 0.8 (0.9) (0.3) (1.4)

Foreign Currency Translation (2.4) (1.6) (0.3) (0.4) - (0.1)

29

Total assets under management – by asset class

December 31, 2011 $625.3 $271.0 $149.0 $44.6 $74.0 $86.7



Long-Term Net flows 7.0 3.3 2.4 3.1 (0.6) (1.2)


1.1 - - - 1.1 -


37.3 29.3 3.3 2.3 - 2.4

Foreign Currency Translation 2.1 1.6 0.3 0.5 - (0.3)

March 31, 2012 $672.8 $305.2 $155.0 $50.5 $74.5 $87.6

($ billions) Total

Equity

Fixed

Income

Balanced

Money

Market

Alternative

September 30, 2011 $598.4 $253.2 $146.7 $41.5 $73.6 $83.4



Long-Term Net flows 5.6 0.8 1.0 1.6 - 2.2


0.4 - - - 0.4 -


20.8 17.0 1.3 1.4 - 1.1

Foreign Currency Translation 0.1 - - 0.1 - -

30

Total assets under management – by channel

($ billions) Total Retail Institutional PWM

March 31, 2012 $672.8 $414.8 $238.6 $19.4

Long-Term Inflows 37.1 30.6 5.6 0.9

Long-Term Outflows (42.0) (33.6) (7.7) (0.7)

Long-Term Net flows (4.9) (3.0) (2.1) 0.2

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

Market Gains and Losses/Reinvestment (15.5) (13.0) (1.8) (0.7)

Foreign Currency Translation (2.4) (2.1) (0.3) -

June 30, 2012 $646.6 $396.7 $231.0 $18.9



Long-Term Net flows 9.4 6.3 2.9 0.2

Net flows in Inst. Money Market Funds 2.3 - 2.3 -

Market Gains and Losses/Reinvestment 22.1 16.9 4.7 0.5

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

Foreign Currency Translation 4.3 3.5 0.8 -

September 30, 2012 $683.0 $423.4 $240.0 $19.6

31

Total assets under management – by channel


September 30, 2011 $598.4 $354.4 $227.2 $16.8



Long-Term Net flows 5.6 1.2 3.9 0.5



Foreign Currency Translation 0.1 0.2 (0.1) -

December 31, 2011 $625.3 $373.9 $233.5 $17.9



Long-Term Net flows 7.0 7.5 (1.1) 0.6



Foreign Currency Translation 2.1 2.6 (0.5) -

March 31, 2012 $672.8 $414.8 $238.6 $19.4

32

Total assets under management – by client domicile

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

Europe Asia

March 31, 2012 $672.8 $462.9 $24.8 $98.0 $35.7 $51.4



Long-Term Net flows (4.9) (2.7) (0.4) (1.4) 0.6 (1.0)

Net flows in Inst. Money Market Funds (3.4) (3.2) - (0.2) 0.1 (0.1)

Market Gains and Losses/Reinvestment (15.5) (9.7) (0.4) (1.6) (1.6) (2.2)

Foreign Currency Translation (2.4) - (0.5) (2.0) (0.4) 0.5

June 30, 2012 $646.6 $447.3 $23.5 $92.8 $34.4 $48.6



Long-Term Net flows 9.4 10.0 (0.3) (0.3) 1.6 (1.6)

Net flows in Inst. Money Market Funds 2.3 2.4 0.1 (0.1) (0.1) -

Market Gains and Losses/Reinvestment 22.1 14.8 0.8 4.5 1.3 0.7

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

Foreign Currency Translation 4.3 - 0.9 2.7 0.1 0.6

September 30, 2012 $683.0 $474.5 $25.0 $99.6 $35.6 $48.3

33

Total assets under management – by client domicile


Europe Asia

September 30, 2011 $598.4 $411.0 $22.8 $86.7 $31.9 $46.0



Long-Term Net flows 5.6 3.4 (0.7) - (0.2) 3.1

Net flows in Inst. Money Market Funds 0.4 0.2 - - - 0.2


Foreign Currency Translation 0.1 - 0.5 (0.3) (0.4) 0.3

December 31, 2011 $625.3 $430.0 $23.4 $89.8 $32.0 $50.1



Long-Term Net flows 7.0 6.4 (0.5) - 1.6 (0.5)

Net flows in Inst. Money Market Funds 1.1 1.0 0.1 0.3 - (0.3)


Foreign Currency Translation 2.1 - 0.5 2.3 0.4 (1.1)

March 31, 2012 $672.8 $462.9 $24.8 $98.0 $35.7 $51.4

34

Passive assets under management – by asset class

June 30, 2012 $107.6 $54.6 $33.9 - - $19.1

Long-Term Inflows 16.0 10.6 3.9 - - 1.5

Long-Term Outflows (10.2) (9.0) (0.5) - - (0.7)

Long-Term Net flows 5.8 1.6 3.4 - - 0.8

Net flows in Inst. Money Market Funds

- - - - - -


4.4 3.0 0.3 - - 1.1

Foreign Currency Translation 0.1 - - - - 0.1

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

($ billions) Total

Equity

Fixed

Income

Balanced

Money

Market

Alternative

March 31, 2012 $112.6 $59.0 $32.5 - - $21.1



Long-Term Net flows (1.7) (1.8) 1.2 - - (1.1)


- - - - - -


(3.4) (2.6) 0.2 - - (1.0)


December 31, 2011 $96.3 $45.6 $30.0 - - $20.7



Long-Term Net flows 7.9 5.7 2.4 - - (0.2)


- - - - - -


8.6 7.7 0.1 - - 0.8

Foreign Currency Translation (0.2) - - - - (0.2)

March 31, 2012 $112.6 $59.0 $32.5 - - $21.1

($ billions) Total

Equity

Fixed

Income

Balanced

Money

Market

Alternative

September 30,2011 $87.4 $39.7 $29.5 - - $18.2



Long-Term Net flows 5.8 2.8 0.5 - - 2.5


- - - - - -


3.0 3.1 - - - (0.1)


35

Passive assets under management – by asset class

36

Passive assets under management – by channel


March 31, 2012 $112.6 $92.2 $20.4 $-

Long-Term Inflows 12.5 11.7 0.8 -

Long-Term Outflows (14.2) (13.8) (0.4) -

Long-Term Net flows (1.7) (2.1) 0.4 -

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

Market Gains and Losses/Reinvestment (3.4) (3.2) (0.2) -

Foreign Currency Translation 0.1 - 0.1 -

June 30, 2012 $107.6 $86.9 $20.7 $-



Long-Term Net flows 5.8 3.4 2.4 -


Market Gains and Losses/Reinvestment 4.4 4.4 - -


September 30, 2012 $117.9 $94.7 $23.2 $-

37

Passive assets under management – by channel


September 30, 2011 $87.4 $71.0 $16.4 -





Market Gains and Losses/Reinvestment 3.0 3.1 (0.1) -


December 31, 2011 $96.3 $76.9 $19.4 $-





Market Gains and Losses/Reinvestment 8.6 8.3 0.3 -

Foreign Currency Translation (0.2) - (0.2) -

March 31, 2012 $112.6 $92.2 $20.4 $-

38

Passive assets under management – by client domicile


Europe Asia

March 31, 2012 $112.6 $105.7 - - $1.5 $5.4

Long-Term Inflows 12.5 12.3 - - 0.1 0.1

Long-Term Outflows (14.2) (14.1) - - (0.1) -

Long-Term Net flows (1.7) (1.8) - - - 0.1

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

Market Gains and Losses/Reinvestment (3.4) (3.2) - - (0.1) (0.1)


June 30, 2012 $107.6 $100.7 - - $1.4 $5.5

Long-Term Inflows 16.0 15.7 - - - 0.3

Long-Term Outflows (10.2) (9.9) - - (0.2) (0.1)

Long-Term Net flows 5.8 5.8 - - (0.2) 0.2


Market Gains and Losses/Reinvestment 4.4 4.3 - - 0.1 -


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


Europe Asia

September 30, 2011 $87.4 $84.1 - - $1.2 $2.1

Long-Term Inflows 19.5 16.1 - - 0.1 3.3


Long-Term Net flows 5.8 2.5 - - - 3.3


Market Gains and Losses/Reinvestment 3.0 3.0 - - 0.1 (0.1)


December 31, 2011 $96.3 $89.6 - - $1.3 $5.4

Long-Term Inflows 16.3 16.2 - - 0.1 -


Long-Term Net flows 7.9 7.9 - - - -


Market Gains and Losses/Reinvestment 8.6 8.2 - - 0.2 0.2

Foreign Currency Translation (0.2) - - - - (0.2)

March 31, 2012 $112.6 $105.7 - - $1.5 $5.4

39

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 818 11 - - - 11 - 840

Service and Distribution Fees 196 - - - - - - 196

Performance Fees 3 - - - - - - 3

Other 24 - - - - - - 24

Third-Party Distribution, Service and Advisory - (2) (327) - - - - (329)

Total Operating Revenues reconciled to net revenues

Operating Expenses

1041 9 (327) - - 12 - 735

Employee Compensation 331 3 - - (5) - (1) 328

Third-Party Distribution, Service and Advisory 327 - (327) - - - - -

Marketing 26 1 - - - - (1) 27

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

General and Administrative 69 1 - (5) - (2) (1) 61

Transaction & Integration 3 - - (3) - - - -

Total Operating Expenses 825 5 (327) (8) (5) (2) (4) 484

Operating Income reconciled to adjusted operating income

216 4 - 8 5 14 4 250

Equity in Earnings of Unconsolidated Affiliates 5 (4) - - - 1 - 2

Interest and Dividend Income 3 1 - - (1) 3 - 5

Interest Income of Consolidated Investment Products 69 - - - - (69) - -


(25) - - - - 25 - -

Interest Expense (13) - - - - - - (13)


(42) - - - - 42 - -

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

Income Before Income Taxes 231 - - - (6) 25 4 254

Income Tax Provision (74) - - 8 2 - (1) (66)


14 - - - - (14) - -

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

171 - - 8 (5) 11 4 188

Diluted EPS

Diluted Shares Outstanding

Operating margin

$0.38

452.8

20.7%

Adjusted diluted EPS


Adjusted Operating Margin

$0.42

452.8

34.1%

* Other: Please refer to pages 19-21 in the 3Q 2012 earnings press release for a description of the adjustments

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

($ millions)

Operating Revenues

US GAAP

Basis


of Joint Ventures


advisory expenses

Acquisition related



awards


Products





Other 26 - - - - - - 26



Operating Expenses

1,009 9 (317) - - 11 - 712

Employee Compensation 305 3 - - - - (1) 307


Marketing 27 1 - - - - (1) 27




Total Operating Expenses 806 6 (317) (12) - (15) (6) 463


203 4 - 12 - 25 6 249

Equity in Earnings of Unconsolidated Affiliates 7 (4) - 12 - 3 - 6




77 - - - - (77) - -



(47) - - - - 47 - -

Other Gains and Losses, net (8) - - - 5.0 - 1 (2)

Income Before Income Taxes 290 - - 12 4 (68) 7 245

Income Tax Provision (62) - - 5 (1) - (2) (60)


(74) - - - - 74 - -


154 - - 17 2 6 5 185

Diluted EPS


Operating margin

$0.34

455.3

20.1%




$0.41

455.3

35.0%


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

($ millions)

Operating Revenues

US GAAP

Basis


of Joint Ventures


advisory expenses

Acquisition related



awards


Products




Performance Fees 21 - - - - 1 - 21

Other 33 - - - - - - 33



Operating Expenses

1,034 9 (317) - - 10 - 736



Marketing 27 1 - - - - - 27






230 5 - 8 7 16 4 269

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




(122) - - - - 122 - -



(46) - - - - 46 - -

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

Income Before Income Taxes 148 - - 8 (7) 115 4 268



119 - - - - (119) - -


194 - - 13 (5) (4) 4 201

Diluted EPS


Operating margin

$0.43

455.9

22.2%




$0.44

455.9

36.6%


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

($ millions)

Operating Revenues

US GAAP

Basis


of Joint Ventures


advisory expenses

Acquisition related



awards


Products




Performance Fees 24 - - - - - 24

Other 45 - - - - - 45



Operating Expenses

997 10 (302) - - 12 - 717



Marketing 21 1 - - - - - 22






212 4 - 9 6 15 11 256

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

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



104 - - - - (104) - -



(52) - - - - 52 - -

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

Income Before Income Taxes 386 - - 9 (5) (110) (34) 247

Income Tax Provision (76) - - 3 1 - 15 (57)


(108) - - - - 108 - -


202 - - 12 (3) (2) (19) 191

Diluted EPS


Operating margin

$0.44

458.3

21.2%




$0.42

458.3

35.8%


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

($ millions)

Operating Revenues

US GAAP

Basis


of Joint Ventures


advisory expenses

Acquisition related



awards


Products




Performance Fees 3 - - - - - 3

Other 27 - - - - - 27



Operating Expenses

998 10 (314) - - 12 - 706

Employee Compensation 306 3 - (5) 6 - (3) 306


Marketing 13 1 - - - - 10 24




Total Operating Expenses 770 6 (314) (20) 6 (3) 5 450


228 5 - 20 (6) 15 (5) 256

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




(93) - - - - 93 - -



(49) - - - - 49 - -

Other Gains and Losses, net (20) - - - 20 - - -

Income Before Income Taxes 143 - - 20 11 80 (5) 248

Income Tax Provision (59) - - 3 (3) - 4 (56)


84 - - - - (84) - -


167 - - 23 8 (4) (2) 192

Diluted EPS


Operating margin

$0.36

461.0

22.8%




$0.42

461.0

36.2%


Reconciliation of US GAAP results to non-GAAP results – three months ended September 30, 2011

($ millions)

Operating Revenues

US GAAP

Basis


of Joint Ventures


advisory expenses

Acquisition related



awards


Products

European Infrastructure

Non-GAAP basis


Service and Distribution Fees 211 - - (5) - - - 206


Other 32 - - - - - - 32

Third-Party Distribution, Service and Advisory - (3) (342) 5 - - - (339)


Operating Expenses

1,070 11 (342) - - 12 - 751

Employee Compensation 318 3 - (5) (3) - (3) 311


Marketing 26 1 - - - - - 27

Property, Office and Technology 62 1 - - - - - 63





233 5 - 23 3 16 6 285





(65) - - - - 65 - -



(47) - - - - 47 - -

Other Gains and Losses, net 6 - - - (3) - - 3




54 - - - - (54) - -


183 - - 26 (2) (5) 5 207

Diluted EPS


Operating margin

$0.39

467.4

21.8%




$0.44

467.4

37.9%

Reconciliation of US GAAP results to non-GAAP results – three months ended June 30, 2011

($ millions)

Operating Revenues

US GAAP

Basis


of Joint Ventures


advisory expenses

Acquisition related



awards


Products

Other Reconciling

Items

Non-GAAP basis




Other 33 - - - - - - 33



Operating Expenses

1,027 10 (325) - - 11 - 724

Employee Compensation 306 3 - (5) (4) - - 300


Marketing 26 1 - - - - - 26


General and Administrative 74 1 - (9) - (4) - 62


Total Operating Expenses 802 5 (325) (22) (4) (4) - 452


226 5 - 22 4 15 - 272

Equity in Earnings of Unconsolidated Affiliates 7 (6) - - - 1 - 2

Interest and Dividend Income 2 - - - (1) 1 - 3



(86) - - - - 86 - -



(40) - - - - 40 - -


Income Before Income Taxes 175 - - 22 (1) 69 - 265

Income Tax Provision (76) - - 2 - - - (73)


78 - - - - (78) - -


178 - - 24 (1) (10) - 192

Diluted EPS


Operating margin

$0.38

472.1

22.0%




$0.41

472.1

37.6%

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

($ millions)

Operating Revenues

US GAAP

Basis


of Joint Ventures


advisory expenses

Acquisition related



awards


Products

Other Reconciling

Items

Non-GAAP basis




Other 34 1 - - - - - 35



Operating Expenses

1,029 11 (316) - - 12 - 736

Employee Compensation 313 3 - (5) (6) - - 305


Marketing 26 1 - - - - - 26






199 6 - 41 6 14 15 280


Interest and Dividend Income 4 - - - (1) - - 3



(28) - - - - 28 - -



(37) - - - - 37 - -



Income Tax Provision (56) - - (14) 1 - (4) (74)


19 - - - - (15) - 3


175 - - 26 (2) (1) 11 209

Diluted EPS


Operating margin

$0.37

473.1

19.3%




$0.44

473.1

38.1%

Reconciliation of US GAAP results to non-GAAP results – three months ended December 31, 2010

Documents

Invesco third quarter 2012 results · Summary of third quarter 2012 results Assets under management September 30, 2012, AUM of $683.0 billion versus $646.6 billion at June 30, 2012