Deutsche Boerse Ag · XETR:DB1

Deutsche Boerse — Deutsche Börse — Q3 2023 Earnings Presentation

17 slides from Deutsche Boerse's earnings presentation, Oct 19, 2023

  1. Slide 1: Q3/2023 Financial results

    Q3/2023 Financial results Analyst and Investor Conference Call 19 October 2023

  2. Slide 2: 9M/2023 showed further double-digit growth against a record year – guidance increased

    9M/2023 showed further double-digit growth against a record year – guidance for full year increased again Organic net revenue grow th Operating costs 9M/2023 +15% Development in-line with expectations Net revenue +6% secular +9% cyclical €3,640m  Continued strong secular net  Cyclical tailwinds ma

  3. Slide 3: Creating a powerful Investment Management Solutions segment – successful closing of the acquisition

    Creating a powerful Investment Management Solutions segment – successful closing of the acquisition New Investment Management Solutions segment  SimCorp offers an industry-leading Announcements Antitrust clearance EU commission front-to-back SaaS investment takeover offer for in the U.S. and approv

  4. Slide 4: Group financials 9M/2023

    Group financials 9M/2023 Net revenue | €m EBITDA | €m Cash EPS1 | € Note  +15%  +14%  +15% €733m Treasury result +146% €1,430m 3,640 Operating cost +11% 3,170 7.50 Financial investments €−21m 6.53 Depreciation2 €293m 2,190 1,915 Financial result €−30m €1,317m Net profit +16% EPS €7.15 9M/22 9M/23

  5. Slide 5: Group financials Q3/2023

    Detailed income statement Group financials Q3/2023 Net revenue | €m EBITDA | €m Cash EPS1 | € Note  +9%  +7%  +6%  + 1 3 % (excl. exceptionals)  + 1 8 % (excl. exceptionals)  Continued secular net revenue growth complemented by cyclical tailwinds from increased interest 1,188 rates, which offs

  6. Slide 6: Data & Analytics

    Detailed income statement Data & Analytics Q3/2023 │ €m Net revenue EBITDA Business development  +5%  –49%  + 1 % (excl. exceptionals)  FX remained a headwind in Q3/23 (constant currency net revenue growth 11%). 175 166  Analytics benefited from renewal of 31 Other1 │ –4% client contracts (poin

  7. Slide 7: Trading & Clearing

    Detailed income statement Trading & Clearing Q3/2023 │ €m Net revenue EBITDA Business development  –5%  –10%  In Financial Derivatives lower volatility resulted in a decline of margin fees and equity derivatives 554 trading against a strong 2022. Fixed 35 527 income related activities (futures, 3

  8. Slide 8: Fund Services

    Detailed income statement Fund Services Q3/2023 │ €m Net revenue EBITDA Business development  +15%  +18%  In fund distribution and processing, outflows from active equity funds to passive and fixed income were 107 compensated by new clients. 93  Carve out of Fund Services resulted 34 Other1 │ +9

  9. Slide 9: Securities Services

    Detailed income statement Securities Services Q3/2023 │ €m Net revenue EBITDA Business development  +37%  +58%  Custody positively affected by ongoing high level of fixed income issuance activity and higher collateral 379 management revenues in light of 32 Other │ –5% interest rate development. 

  10. Slide 10: Outlook

    Outlook FY/2023 │ €bn Net revenue EBITDA Implications of new IMS segment  Data & Analytics segment renamed to Investment Management Solutions (IMS), which includes SimCorp and the combined ISS/Qontigo businesses. 2023 target ~5.0  In Q4/23, SimCorp will be fully consolidated, and we expect net rev

  11. Slide 11: Appendix

    Appendix Deutsche Börse Group │ 19 October 2023 10

  12. Slide 12: Income statement – group level

    Back to group overview Income statement – group level Q3/23 Q3/22 Change €m €m % Sales revenue 1,200.9 1,166.7 3 Treasury result from banking business 246.0 159.9 54 Other operating income 3.5 8.8 –60 Total revenue 1,450.4 1,335.4 9 Volume-related costs –262.1 –245.2 7 Net revenue 1,188.3 1,090.2 9

  13. Slide 13: Detailed income statement – Data & Analytics

    Back to segmental overview Detailed income statement – Data & Analytics Income statement ‒ Data & Analytics Volumes Revenue per volume Q3/23 Q3/22 Change Unit Volume Change Unit RPV Change €m €m % % % Net revenue 174.7 166.4 5 AuM (€bn) 107 11 Index 1 49.0 46.6 5 Contracts (m) 175 –15 Analytics 28.2

  14. Slide 14: Detailed income statement – Trading & Clearing

    Back to segmental overview Detailed income statement – Trading & Clearing Income statement ‒ Trading & Clearing Volumes Revenue per volume Q3/23 Q3/22 Change Unit Volume Change Unit RPV Change €m €m % % % Net revenue 527.0 553.6 –5 Financial derivatives 285.7 315.8 –10 1 Equities 105.3 126.8 –17 Con

  15. Slide 15: Detailed income statement – Fund Services

    Back to segmental overview Detailed income statement – Fund Services Income statement ‒ Fund Services Volumes Revenue per volume Q3/23 Q3/22 Change Unit Volume Change Unit RPV Change €m €m % % % Net revenue 107.3 93.3 15 Fund processing 1 53.5 53.5 0 AuC (€bn) 3,281 2 bps p.a. 0.652 –2 Fund distribu

  16. Slide 16: Detailed income statement – Securities Services

    Back to segmental overview Detailed income statement – Securities Services Income statement ‒ Securities Services Volumes Revenue per volume Q3/23 Q3/22 Change Unit Volume Change Unit RPV Change €m €m % % % Net revenue 379.3 276.9 37 Custody 1 150.6 147.6 2 AuC (€bn) 14,354 7 bps p.a. 0.420 –5 Settl

  17. Slide 17: Financial calendar and contact details

    Financial calendar and contact details Financial calendar Deutsche Börse AG 7 November 2023 Investor Day (Frankfurt) Investor Relations 14 November 2023 UBS European Conference (London) Mergenthalerallee 61 21 November 2023 DZ Bank Equity Conference (Frankfurt) 65760 Eschborn 27 November 2023 Deutsc

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