Deutsche Boerse Ag · XETR:DB1

Deutsche Boerse — Deutsche Börse — Q2 2017 Earnings Presentation

14 slides from Deutsche Boerse's earnings presentation, Jul 27, 2017

  1. Slide 1: Q2/2017 Results Analyst and Investor Conference Call

    Q2/2017 Results Analyst and Investor Conference Call 27 July 2017

  2. Slide 2: Highlights Q2/2017 results presentation

    Q2/2017 Results 27 July 2017 Deutsche Börse Group 1 Highlights Q2/2017 results presentation  Trend of Q1/2017 with low equity volatility against good interest rate performance and secular growth continued into Q2/2017, but year-over-year net revenue growth accelerated.  Net revenue amounted to €62

  3. Slide 3: H1/2017 – Group financials

    Q2/2017 Results 27 July 2017 Deutsche Börse Group 2 H1/2017 – Group financials Net revenue Operating costs1,2 EBITDA1 Net income1 €m €m €m €m +3% 1,211 1,247 +6% 719 760 -1% +6% 494 491 465 440 H1/16 H1/17 H1/16 H1/17 H1/16 H1/17 H1/16 H1/17 1) Adjusted for exceptional items 2) Excluding depreciatio

  4. Slide 4: Q2/2017 – Group financials

    Q2/2017 Results 27 July 2017 Deutsche Börse Group 3 Q2/2017 – Group financials Development of key financials in Q2/2017 €m Revenue Net revenue Costs1,2 EBITDA1 Net income1  Net revenue: €623.6m (+4% y-o-y)  Net interest income: €33.5m (+59% y-o-y) +4% Total costs 601 624  Operating costs1,2: €245

  5. Slide 5: Q2/2017 – Eurex

    Q2/2017 Results 27 July 2017 Deutsche Börse Group 4 Q2/2017 – Eurex Business activity Q2/2017 y-o-y Net revenue Financial derivatives (traded contracts in m) €m +1% Equity 97.6 5% 262 268 267 263 Fixed income 147.5 15% 18 23 24 25 Others1 Index 233.7 -4% 16 228 17 17 16 FX 22 Total 478.8 3% 54 53 16

  6. Slide 6: Q2/2017 – Xetra

    Q2/2017 Results 27 July 2017 Deutsche Börse Group 5 Q2/2017 – Xetra Business activity Q2/2017 y-o-y Net revenue Order book volume in €bn1 €m +5% +6% 365 43 43 349 41 41 Partner 40 4 4 4 4 3 markets 4 3 3 3 Listing 5 8 8 9 CCP 8 7 27 26 28 27 Trading 24 Q2/16 Q2/17 Q2/16 Q3/16 Q4/16 Q1/17 Q2/17 1) Xe

  7. Slide 7: Q2/2017 – Clearstream

    Q2/2017 Results 27 July 2017 Deutsche Börse Group 6 Q2/2017 – Clearstream Business activity Q2/2017 y-o-y Net revenue €m ICSD: Assets +10% €6.7tr -1% 221 under custody 211 216 196 200 24 26 NII 16 CSD: Assets 16 18 21 €4.5tr 3% 20 20 GSF under custody 18 18 33 35 32 IFS 31 32 IFS: Assets €2.2tr 18%

  8. Slide 8: Q2/2017 – Market Data + Services

    Q2/2017 Results 27 July 2017 Deutsche Börse Group 7 Q2/2017 – Market Data + Services Business activity Q2/2017 y-o-y Net revenue Index €m -1%  Calculation/ distribution of indices through STOXX: 102 100 101 ETF AuM STOXX €75.6bn 25% 93 91 ETF AuM DAX €28.6bn 12% 30 30 25 35 Index Index derivatives

  9. Slide 9: Secular net revenue growth of 5% in H1/2017 was partly off-set by net decline of cyclical net revenue

    Q2/2017 Results 27 July 2017 Deutsche Börse Group 8 Secular net revenue growth of 5% in H1/2017 was partly off-set by net decline of cyclical net revenue Net revenue growth drivers in H1/2017 €m +5% -2% 1,266  Secular net revenue growth in H1/2017 stood at 19 1,247 around 5%, in-line with the compa

  10. Slide 10: Appendix

    Q2/2017 Results 27 July 2017 Deutsche Börse Group 9 Appendix

  11. Slide 11: Income statement – Group level adjusted

    Q2/2017 Results 27 July 2017 Deutsche Börse Group 10 Income statement – Group level adjusted Quarter ended Quarter ended 30 June 2017 30 June 2016 Sales revenue 663.4 644.8 Net interest income from banking business 33.5 21.1 Other operating income 9.1 5.8 Total revenue 706.0 671.7 Volume-related cos

  12. Slide 12: Income statement – Segmental level

    Q2/2017 Results 27 July 2017 Deutsche Börse Group 11 Income statement – Segmental level Eurex Xetra Clearstream Market Data + Services Q2/2017 Q2/2016 Q2/2017 Q2/2016 Q2/2017 Q2/2016 Q2/2017 Q2/2016 Net revenue1 263.3 261.7 43.4 41.1 216.1 196.3 100.8 101.6 Staff costs -64.2 -52.7 -12.7 -11.9 -63.5

  13. Slide 13: Financial calendar and contact details

    Q2/2017 Results 27 July 2017 Deutsche Börse Group 12 Financial calendar and contact details Financial calendar Contact details 26 Oct 2017 Interim report Q3/2017 Deutsche Börse AG Investor Relations 27 Oct 2017 Conference call Q3/2017 Mergenthalerallee 61 65760 Eschborn Germany Phone: +49-(0) 69-2 1

  14. Slide 14: Disclaimer

    Q2/2017 Results Disclaimer Cautionary note with regard to forward-looking statements: This document contains forward-looking statements and statements of future expectations that reflect management's current views and assumptions with respect to future events. Such statements are subject to known an

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