Westwood : 1Q 2024 Westwood Holdings Group, Inc. Earnings Conference Call

Investor

Relations

Presentation

Westwood Holdings Group, Inc.

High-Conviction Investing | Outcome-Oriented Solutions

westwoodgroup.com

Westwood Overview

2 Investing Where It Counts

Westwood | Delivering on Our Vision

Firm Overview

Westwood is a focused investment management boutique and wealth management firm, offering a broad array of investment solutions to institutional investors and financial intermediaries.

Investment Management

Wealth Management

Core Investment Approach

HighQuality Bias

Conviction

Team Driven

Risk Aware

Employee Ownership

Structure

Employees and directors own equity, totaling approximately 28.2%2

Investment Capabilities

U.S. Value Equity	Income Alternatives
Multi-Asset	Tactical Absolute
	Return
Energy & Real	Managed Investment
Assets	Solutions

Investment Vehicles

Separate	Private Funds
Accounts
Mutual Funds	Collective Investment
	Trusts
Advisor SMA and	Exchange - Traded
Model Delivery	Funds (ETFs)

Founded | 1983

AUM1 | $17.2 B

Employees3 | 144

Publicly Traded | NYSE: WHG

Signatory |

Westwood and Westwood Management are the trade names for Westwood Holdings Group, Inc. ("WHG"), which together with its wholly owned subsidiaries, Westwood Management Corp. ("WMC"), Westwood Advisors, LLC ("WA"), Westwood Trust ("WT"), Salient Advisors, LP ("SA") and its affiliate Broadmark Asset Management, LLC ("Broadmark"), provides investment and portfolio management services to individuals, investment companies, pension and profit-sharing plans, trusts, estates, charitable organizations, corporations, state and municipal government entities, pooled investment vehicles, and sovereign wealth funds. WMC, WA, SA and Broadmark are SEC registered investment advisors. Registration as an investment advisor does not imply any level of skill or training. WT is a Texas chartered Trust company overseen by the Texas Department of Banking. Westwood does not offer legal or tax advice. Please contact your attorney and or tax professional for advice regarding your specific situation.

1March 31, 2024 firm wide AUM consisted of AUM of $16.2 billion and AUA of $1.0 billion. 2As of March 4, 2024

3As of March 31, 2024

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Westwood | High-Conviction Equity and Solutions

Institutional Separate	U.S. Equity
	Accounts

Mutual Funds / ETFs

Multi-Asset

Private Funds

SMA / Model

Wealth

Other Pooled Vehicles

• LargeCap Value	•	SmallCap Value
• MidCap Value	•	AllCap Value

• SMidCap Value
• Income Opportunity
• Multi - Asset Income
• Capital Appreciation and Income
• Tactical Absolute Return
• Real Estate and Infrastructure
• Energy Infrastructure

• Enhanced Balanced®
• Select Equity
• Dividend Select
• Credit Opportunities

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Westwood | Product and Channel Diversification

Strategy

Breakdown

Assets by	Institutional
Account Type	Client Type

51%	27%	22%
U.S. Value	Multi-Asset/	Wealth
Equity	Multi-Strategy

48%	26%	26%
Institutional	Wealth	Westwood
Separate	Management	Mutual Funds &
Accounts &		ETFs
Other Managed
Accounts

45% 30% 17%

Public Funds

Sub-Advisory

Corporate

7% 1%

Foundations/ Taft-Hartley

Endowments

Percentages in the Strategy Breakdown and Assets by Account Type charts are based upon firm-wide assets under management as of March 31, 2024. Percentages in the Institutional Client Type chart are based upon the assets under management of Westwood Management Corp only, less assets managed for private individuals, managed accounts and collective investment trusts.

5 Investing Where It Counts

Westwood | Culture and Commitment to Diversity

33%	Values-based ESG AUM of
of our corporate board	$1,031
are women	million as of 12.31.23

41

Celebrating 41 years as a female-founded company

43%	In 2023,	Westwood supported
~34%	more than
of our employees are women		65
33%	of our new team members
came from diverse	charities through
of employees holding titles	backgrounds	our corporate giving
of VP and above are women		programs in 2023
as of 12.31.23

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Wealth Management | Ecosystem

Financial

Planning

	Estate
Private	Planning
Bank	& Trust
Services*	Services

Alternative

Investments Investment

(PE)Management

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Financial | Highlights

1Q 2024 Highlights

$22.7M	$2.2M
Revenues	Net Income

$17.2B	-$0.2B
Assets Under	Net Flows
Management1

1 March 31, 2024 AUM consisted of AUM of $16.2 B and AUA of $1.0 B.

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10	Investing Where It Counts