Lisa Marie Presley - Billboard Awards 2012

Lisa Marie Presley arrives at the 2012 Billboard Music Awards held at the MGM Grand Garden Arena on Sunday (May 20) in Las Vegas.

The 44-year-old entertainer, who recently released her first album in seven years, presented Katy Perry with the Spotlight Award.

PHOTOS: Check out the latest pics of Lisa Marie Presley

“I’m incredibly honored to be chosen for this award, although I don’t compare at all [to Michael Jackson],” Katy said during her acceptance speech.

FYI: Lisa is wearing a Temperly of London dress and Alexander McQueen jacket.