Slide 1: Capital Markets Day: Horizon 2030
23 June 2026 Capital Markets Day Horizon 2030: Becoming the 24/7 liquidity provider of choice
Slide 2: Agenda
Agenda 10:00 Welcome Dick Peters Building the 24/7 liquidity provider of choice Thomas Spitz Expanding our traditional franchise Alex Kieft Leading the convergence to 24/7 markets Marc Jansen 15-minute break Innovation through technology, AI & deep learning Owain Lloyd Accelerating growth and improv
Slide 3: Building the 24/7 liquidity provider of choice
Building the 24/7 liquidity provider of choice Thomas Spitz Chief Executive Officer
Slide 4: Setting the scene for today
Setting the scene for today Strategic announcements Financial announcements ▪ The traditional business will expand its ETF product ▪ Identified key financial levers to drive increased value coverage, deepen market presence, enter new markets creation ▪ Continue to build out our unique digital asset
Slide 5: Where we come from, where we stand and where we are going
Where we come from, where we stand and where we are going Today Horizon 2030 Leading global ETF and digital asset liquidity provider Vision ▪ Global ETF franchise providing liquidity across Become the liquidity provider of choice in a 24/7 >8,500 ETFs worldwide and growing presence in global financi
Slide 6: Where we are today: a leading global ETF and digital asset liquidity provider
Where we are today: a leading global ETF and digital asset liquidity provider Business overview 1 FY25 financials Global footprint €7.2tn >25,000 €1,044m Annual total Products Trading value traded covered capital Amsterdam London Milan Chicago New York >440m >1,600 €481m Annual number Active Revenue
Slide 7: Trends driving the global evolution towards 24/7 markets
Trends driving the global evolution towards 24/7 markets ETFs and digital assets as a blueprint ETFs democratized access and built distribution infrastructure; digital assets proved assets can trade anytime, anywhere, expanding the TAM across ETFs, digital assets and 24/7 markets simultaneously Toke
Slide 8: Key characteristics to be successful in a 24/7 always-on market
Key characteristics to be successful in a 24/7 “always -on” market Proprietary AI and deep learning research platform continuously generating, refining and deploying predictive pricing models to capture alpha without human oversight Research & technology Cross -asset market making that Continuous ri
Slide 9: Our distinct capabilities set us up for success
Our distinct capabilities set us up for success Current capability assessment Current capabilities Building Established Research & Proprietary research & technology stack developed specifically for ETF and digital technology asset trading enabling outside -hours trading Strong market position and lo
Slide 10: Targeted strategic priorities to become the 24/7 liquidity provider of choice
Targeted strategic priorities to become the 24/7 liquidity provider of choice Strategic focus What it unlocks Build a technology environment supporting increased Faster research velocity, superior alpha generation and Research & iteration from research to automated execution , a structural competiti
Slide 11: From liquidity provider to liquidity franchise
From liquidity provider to liquidity franchise A shifting distribution landscape Institutional channels are deepening Platforms now own retail flow Infrastructure convergence ▪ Buy -side demands one interface, all protocols ▪ Neobrokers and wealth platforms are now ▪ Crypto -native funds and tokeniz
Slide 12: New, seasoned and diverse leadership team
New, seasoned and diverse leadership team ready to deliver on our strategic agenda and creating value Executive Directors Executive Committee Thomas Spitz Hermien Marc Jansen Owain Lloyd Alex Kieft Frits Bill Stush Frank Drouet Tamara Maris - Chief Executive Smeets -Flier Co -Chief Trading Chief Tec
Slide 13: Expanding our traditional franchise
Expanding our traditional franchise Alex Kieft Co -Chief Trading Officer
Slide 14: Global ETF franchise providing liquidity across >8,500 ETFs worldwide
Global ETF franchise providing liquidity across >8,500 ETFs worldwide Business overview 1 Net Trading Income (NTI) mix development Traditional as % of NTI €6.7tn €2.1tn 2019 1Q26 LTM Annual total value traded Annual ETF value traded 7% 24% €216m €501m >8,500 3% 76% ETF products covered Global ETF ma
Slide 15: Structural tailwinds drive growth in our addressable market
Structural tailwinds drive growth in our addressable market Continued global ETF adoption Geographic expansion Product innovation ▪ Capital continues to flow into ETF ▪ Non -U.S. ETF AuM reached ~$6.2tn in ▪ More sophisticated strategies are products offering transparency, 2025, growing c. 40%+ YoY
Slide 16: How the global ETF market has evolved across regions
How the global ETF market has evolved across regions EMEA U.S. APAC 2019 2025 2019 2025 2019 2025 Market annual ETF 1.5 3.3 20.1 52.6 2.0 13.0 value traded 1 (€ tn ) 14% CAGR 17% CAGR 37% CAGR Distribution split 1 (2025) Segmental split 1 (2025) Geographical split 1 (2025) 2% 3% Domestic 2% China 6%
Slide 17: Flow Traders' footprint – where we lead, compete and grow
Flow Traders’ footprint – where we lead, compete and grow EMEA U.S. APAC Defend & deepen Close the gap Build & scale 2019 2025 2019 2025 2019 2025 Flow Traders annual ETF value 515 890 452 898 42 152 traded (€bn) 10% CAGR 12% CAGR 24% CAGR 25% 30% 15% 15% 25% >$100m Highlights RFQ hit -rate On -exch
Slide 18: Strategic focus to scale our ETF business
Strategic focus to scale our ETF business Strategic focus What it unlocks Research & Systematic pricing deployed at scale Increase ETF profitability , grow domestic ETFs technology across ETFs and underlyings and develop new systematic trading strategies First -price on every new ETF structure at la
Slide 19: Leading the convergence to 24/7 markets
Leading the convergence to 24/7 markets Marc Jansen Co -Chief Trading Officer
Slide 20: Our unique cross-market position at the center of the digital asset ecosystem
Our unique cross -market position at the center of the digital asset ecosystem Business overview 1 Net Trading Income (NTI) mix development Digital assets as % of NTI 50% 10% 2019 1Q26 LTM Market share digital Average market share 7% assets ETFs EMEA RWA 2 24% €216m €501m >1,000 >300 Digital asset p
Slide 21: Structural tailwinds driving digital asset markets
Structural tailwinds driving digital asset markets Continued crypto growth Digital asset growth & innovation Tokenization of RWA ▪ Increased institutional adoption of ▪ Institutional adoption has accelerated ▪ Grown into enterprise -grade tokenized assets with large asset the growth of crypto assets
Slide 22: The shift to 24/7 on-chain markets is already happening
The shift to 24/7 on -chain markets is already happening 2026 – EXCHANGES GOING 24/7 2026 · ASSET MANAGERS ON -CHAIN MAR 2026 · INDICES ON -CHAIN CME crypto futures now trading 24/7; BlackRock, Franklin Templeton, Fidelity S&P Dow Jones officially licenses the SEC approves Nasdaq 23/5; NYSE Arca and
Slide 23: We are already built for what is coming next
We are already built for what is coming next Tokenization is a Like ETFs, tokenization makes existing assets more efficient to issue, trade and settle, and we are market structure positioned to be the liquidity backbone of this new infrastructure revolution Early mover on the Tokenization is trackin
Slide 24: Our target platform: a unified 24/7 platform
Our target platform: converging traditional and digital asset capabilities into a unified 24/7 platform, powered by research & technology Traditional Digital assets Technology, AI & deep learning Product Connectivity Distribution Trading & Risk & execution capital 24
Slide 25: Our current platform: commercially-built, institutionally-adopted
Our current platform: commercially -built, institutionally -adopted, and active across every stage of the asset lifecycle Distribution and monetization strategy VC investments Return on venture capital investments and equity/tokens & partnerships received for trading provided Selective venture Partn
Slide 26: Strategic focus to deliver on 24/7 convergence
Strategic focus to deliver on 24/7 convergence Strategic focus What it unlocks Leverage AI & deep learning using unique digital Research & Improved alpha generation will enhance asset pricing, assets order -book and on -chain datasets across technology spread capture, and trading revenue growth CeFi
Slide 27: Innovation through technology, AI & deep learning
Innovation through technology, AI & deep learning Owain Lloyd Chief Technology Officer
Slide 28: Technology, AI and deep learning reshaping the market making industry
Technology, AI and deep learning are fundamentally reshaping the market making industry and its competitive landscape Focus on increased research velocity Modern machine learning techniques available to create a continuous research feedback loop while increasing velocity which allows us to achieve t
Slide 29: Our investment in data driven technologies
Our investment in data driven technologies to build capabilities and infrastructure to accelerate our growth Business process Quantitative research & technologies for trading automation Existing business New markets AI and deep learning Utilize agentic solutions to create more Build the technical st
Slide 30: Expanding trading capabilities through quantitative research and technologies
We are expanding trading capabilities across all products and opening up new markets through quantitative research and technologies Strategic objectives Systematically optimize trading logic Leverage AI and Accelerate research deep learning at velocity scale Quantitative research and technologies Op
Slide 31: Building our own AI & deep learning division
Building our own AI & deep learning division to capture broadening opportunity set …Flow Traders is building its own AI & deep learning division which will With the market evolving at rapid pace…. go -live in 2027 Cross -disciplinary team bridging quantitative finance, deep learning , Competitive la
Slide 32: Systematically navigating the broadening opportunity set
Systematically navigating the broadening opportunity set to create edge and drive alpha generation for quantitative trading strategies Product type Asset class Strategy type Illustrative overview of multi dimensional opportunity space Information space 32
Slide 33: Why we believe we can succeed
Why we believe we can succeed Unlike incumbents retrofitting AI onto legacy systems, our research platform is architected from the Clean sheet ground up for the latest generation of tools – a structural advantage that capital alone cannot architecture replicate Years of executing across thousands of
Slide 34: Accelerating growth and improving profitability
Accelerating growth and improving profitability Dick Peters Global Head of Corporate Strategy
Slide 35: Framework for delivering sustainable growth and value creation
Framework for delivering sustainable growth and value creation Accelerate Deliver Increase trading revenue operational Increased value capital growth leverage creation expansion 35
Slide 36: Strategic plan and cost control drive NTI, EBITDA margin and value creation
Delivering our strategic plan combined with cost control will drive NTI development, EBITDA margin improvement and value creation NTI development (€m) EBITDA margin development (%) 2030 Fixed OpEx (€m) 2030 ambition ambition 176 178 177 204 >1,000 45% >45% 41% 39% +1.8% p.a. 468 486 460 22% 300 2022
Slide 37: Cost control and business process automation
Focus on cost control combined with business process automation drives operational excellence and EBITDA margin improvement Identified cost levers Business process automation Upskilling of workforce to be able to deliver on strategic Process understanding priorities and optimization of workforce wit
Slide 38: Leveraging our trading capital framework
Leveraging our trading capital framework to accelerate growth and increase value creation Solid trading Overview of trading capital framework capital base Solid trading capital base ▪ Solid trading capital base on the back of trading capital expansion plan and $200m private credit facility ▪ Current
Slide 39: Financial ambitions for 2030
Financial ambitions for 2030 anchored in our strategic priorities while continuing to invest in frontier technology, AI and deep learning Net trading income > €1bn Financial ambitions for Return on trading capital > 50% 2030 EBITDA margin > 45% 2030 financial ambitions are long -term aspirations, pr
Slide 40: Disclosure to provide a more comprehensive perspective
Disclosure to provide a more comprehensive perspective on Flow Traders Flow Traders’ disclosure ▪ Clear and comprehensive disclosure in line with today’s presented strategy ▪ In addition to a geographical NTI split, an NTI split between traditional and digital assets is included ▪ For the traditiona
Slide 41: Key highlights of today
Key highlights of today Thomas Spitz Chief Executive Officer
Slide 42: Key highlights of today
Key highlights of today Research & technology Risk & Product capital Operational excellence at the core Trading & Connectivity execution Distribution 42
Slide 43: Disclaimer
Disclaimer Important Legal Information This presentation is prepared by Flow Traders Ltd. and is for information purposes only. It is not a recommendation to engage in investment activities and you must not rely on the content of this document when making any investment decisions. The information in
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