B riley investor relations

B. Riley Financial, Inc. (NASDAQ:RILY) Q2 2023 Earnings Conference Call August 9, 2023 4:30 PM ET Company Participants Bryant Riley - Chairman, Co-Founder & Co-Chief Executive Officer Phillip Ahn - Chief Financial Officer & Chief Operating Officer Tom Kelleher - Co-Founder and Co- Chief Executive Officer Mike Frank - Corporate Development & Investor Relations Conference Call Participants Operator Good afternoon and welcome to B. Riley Financial’s Second Quarter 2023 Earnings Call. My name is David and I will be your call coordinator. This afternoon, B. Riley issued its second quarter earnings release and financial supplement. Copies can be found on B. Riley’s Investor Relations website at ir.brileyfin.com or on the right side of your screen if you are joining us today via web. Today’s call includes prepared remarks from the company, which will be followed by a question-and-answer session with the management team. Joining us today from B. Riley are Bryant Riley, Chairman, Co-Founder and Co-CEO; Tom Kelleher, Co-Founder and Co-CEO; and Phillip Ahn, CFO and COO. After management’s remarks, we will open the line for questions. [Operator Instructions] As a reminder, today’s call is being recorded and an audio replay will be available later today. Finally, before we conclude today’s call, I will provide the necessary cautions regarding forward-looking statements. Now, I will turn the call over to Mr. Bryant Riley. Mr. Riley, you may proceed. Bryant Riley Thank you for joining our call this afternoon. On a consolidated basis, our platform delivered solid results for the second quarter. We saw a meaningful year-over-year increase in revenues, despite another period with nominal contribution from investment banking. With a more favorable market environment, momentum is carrying into the current quarter with increasing levels of client activity across capital markets, retail liquidation, consulting and appraisal. In the month of July, we closed

Our other outstanding maturities. With ourbalance sheet in a stronger position, we expect to once again invest in ourcore financial services businesses. We have maintained strong net capitallevels in our broker dealer and believe we are well positioned to capitalize onthe expected recovery in the small- and mid-cap equity markets. We expect tohost an investor call and provide a broader update after we file our thirdquarter 10-Q in the near future."The Form 10-Q is available inthe Investor Relations section of the Company's website at ir.brileyfin.com under "SEC Filings," as well ason the SEC's website at www.sec.gov.About B. Riley FinancialB. Riley Financial is adiversified financial services company that delivers tailored solutions to meetthe strategic, operational, and capital needs of its clients and partners. B.Riley leverages cross-platform expertise to provide clients with full service,collaborative solutions at every stage of the business life cycle. Through itssubsidiaries and affiliated entities, B. Riley provides end-to-end financialservices across investment banking, institutional brokerage, private wealth andinvestment management, financial consulting, corporate restructuring,operations management, risk and compliance, due diligence, forensic accounting,litigation support, appraisal and valuation, auction, and liquidation services.B. Riley opportunistically invests to benefit its shareholders, and certainaffiliates originate and underwrite senior secured loans for asset-richcompanies. B. Riley refers to B. Riley Financial, Inc. and/or one or more ofits subsidiaries or affiliates. For more information, please visit www.brileyfin.com.Forward-Looking Statements Statements made in this press release that are not descriptions of historicalfacts are forward-looking statements within the meaning of the PrivateSecurities Litigation Reform Act of 1995 and are based on

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