Deutsche Boerse Ag · XETR:DB1

Deutsche Boerse — Deutsche Börse Group — Q2 2015 Earnings Presentation

24 slides from Deutsche Boerse's earnings presentation, Jul 28, 2015

  1. Slide 1: Update Strategic Review & Q2/2015 Results

    Update Strategic Review & Q2/2015 Results Analyst and Investor Conference Call 28 July 2015

  2. Slide 2: Agenda

    Update Strategic Review & Q2/2015 Results 28 July 2015 Deutsche Börse Group 1 Agenda Update Strategic Review Q2/2015 Results Revised Mid-term Guidance

  3. Slide 3: Update On Strategic Review – Strategic Position In A Global Context

    Update Strategic Review & Q2/2015 Results 28 July 2015 Deutsche Börse Group 2 Update On Strategic Review – Strategic Position In A Global Context: #4 Market Capitalisation, #3 Net Revenue Peer group comparison market capitalisation Development of financials 2010-2014 €bn1 €m Net revenue Net income H

  4. Slide 4: Update On Strategic Review – Process And Key Objectives

    Update Strategic Review & Q2/2015 Results 28 July 2015 Deutsche Börse Group 3 Update On Strategic Review – Process And Key Objectives Inputs Objectives 1 Culture / people / organization Discussions with clients in the US, (‘move towards client centric, innovative, Europe and Asia high performance cu

  5. Slide 5: Update On Strategic Review – 'Accelerate' As Foundation For Higher Growth Ambition

    Update Strategic Review & Q2/2015 Results 28 July 2015 Deutsche Börse Group 4 Update On Strategic Review – ‘Accelerate’ As Foundation For Higher Growth Ambition Initiatives Objectives 1  Cross divisional approach to sales / innovation /  Better address client needs and unlock revenue Culture / peo

  6. Slide 6: Update On Strategic Review – Our Vision In A Nutshell

    Update Strategic Review & Q2/2015 Results 28 July 2015 Deutsche Börse Group 5 Update On Strategic Review – Our Vision In A Nutshell The Global market infrastructure of choice High growth / innovation leader Key elements Open to JVs & partnerships (sell- and buy-side) of vision Attract best talent in

  7. Slide 7: Agenda

    Update Strategic Review & Q2/2015 Results 28 July 2015 Deutsche Börse Group 6 Agenda Update Strategic Review Q2/2015 Results Revised Mid-term Guidance

  8. Slide 8: Q2/2015 Results – Group Financials In H1/2015

    Update Strategic Review & Q2/2015 Results 28 July 2015 Deutsche Börse Group 7 Q2/2015 Results – Group Financials In H1/2015 Net revenue EBIT adjusted1 EPS adjusted1 €m €m € +17% +19% 1,183 2.26 1,008 1.90 +17% 606 518 H1/14 H1/15 H1/14 H1/15 H1/14 H1/15 1) Adjusted for exceptional items

  9. Slide 9: Q2/2015 Results – Group Financials In Q2/2015

    Update Strategic Review & Q2/2015 Results 28 July 2015 Deutsche Börse Group 8 Q2/2015 Results – Group Financials In Q2/2015 Net revenue, EBIT and EPS development €m Revenue Net revenue EBIT adjusted1 EPS adjusted (€)1  Net revenue: €583.1m (+19% y-o-y)  Net interest income: €14.1m (+7% y-o-y); +13

  10. Slide 10: Q2/2015 Results – Eurex

    Update Strategic Review & Q2/2015 Results 28 July 2015 Deutsche Börse Group 9 Q2/2015 Results – Eurex Business activity Q2/2015 y-o-y Net revenue Financial derivatives (traded contracts in m) €m US Options 151.3 7% +35% 248 251 Equity 106.2 -5% 222 21 29 Others2 Fixed income 146.9 29% 9 19 7 Repo In

  11. Slide 11: Q2/2015 Results – Acquisition Of FX Trading Platform 360T

    Update Strategic Review & Q2/2015 Results 28 July 2015 Deutsche Börse Group 10 Q2/2015 Results – Acquisition Of FX Trading Platform 360T As Entry Point For Deutsche Börse Into Highly Attractive Asset Class Transaction terms and rationale 360T financials and projections  Deutsche Börse entered into

  12. Slide 12: Q2/2015 Results – Xetra

    Update Strategic Review & Q2/2015 Results 28 July 2015 Deutsche Börse Group 11 Q2/2015 Results – Xetra Business activity Q2/2015 y-o-y Net revenue Order book volume in €bn1 €m +21% 49 412 45 +44% 43 7 7 Others2 37 38 9 9 286 8 8 9 CCP 8 7 7 33 27 30 Trading 23 23 Q2/14 Q2/15 Q2/14 Q3/14 Q4/14 Q1/15

  13. Slide 13: Q2/2015 Results – Clearstream

    Update Strategic Review & Q2/2015 Results 28 July 2015 Deutsche Börse Group 12 Q2/2015 Results – Clearstream Business activity Q2/2015 y-o-y Net revenue €m +9% Assets under 191 188 €13.4tr 10% 180 custody 173 175 32 30 Others2 29 32 Settlement 30 9 9 NII 33.6m 11% 4 transactions 10 10 17 17 GSF 17 1

  14. Slide 14: Q2/2015 Results – Market Data + Services

    Update Strategic Review & Q2/2015 Results 28 July 2015 Deutsche Börse Group 13 Q2/2015 Results – Market Data + Services Business activity Q2/2015 y-o-y Net revenue Information €m  Derivatives / cash market data, indicators, news +4% Index 112 99 11 99  Calculation / distribution of indices through

  15. Slide 15: Q2/2015 Results – Full Acquisition Of STOXX Increases Strategic Flexibility

    Update Strategic Review & Q2/2015 Results 28 July 2015 Deutsche Börse Group 14 Q2/2015 Results – Full Acquisition Of STOXX Increases Strategic Flexibility Of Deutsche Börse In High-Growth Index Business Transaction terms and rationale STOXX projections for 2015-2018  Deutsche Börse AG entered into

  16. Slide 16: Agenda

    Update Strategic Review & Q2/2015 Results 28 July 2015 Deutsche Börse Group 15 Agenda Update Strategic Review Q2/2015 Results Revised Mid-term Guidance

  17. Slide 17: Revised Mid-Term Guidance – Transparency On Net Revenue Upside

    Update Strategic Review & Q2/2015 Results 28 July 2015 Deutsche Börse Group 16 Revised Mid-Term Guidance – Transparency On Net Revenue Upside From Existing Structural And Cyclical Opportunities Mid-term net revenue opportunities €m Structural opportunities Cyclical opportunities (300-500) (100-300)

  18. Slide 18: Revised Mid-Term Guidance – New Target Comprises Additional Net Revenue Growth

    Update Strategic Review & Q2/2015 Results 28 July 2015 Deutsche Börse Group 17 Revised Mid-Term Guidance – New Target Comprises Additional Net Revenue Growth And Commitment To Scalability Of Business Model New mid-term guidance until 2018 €m 2015E Growth until 2018 Growth until 2018 2018E in €m year

  19. Slide 19: Revised Mid-Term Guidance – Our Principles To Manage Costs

    Update Strategic Review & Q2/2015 Results 28 July 2015 Deutsche Börse Group 18 Revised Mid-Term Guidance – Our Principles To Manage Costs 1 Ensure scalability of business model  Cost base will be proactively managed in a way that …  … mid-single digit net revenue growth will result in flat costs,

  20. Slide 20: Appendix

    Update Strategic Review & Q2/2015 Results 28 July 2015 Deutsche Börse Group 19 Appendix

  21. Slide 21: Income Statement – Group Level Adjusted

    Update Strategic Review & Q2/2015 Results 28 July 2015 Deutsche Börse Group 20 Income Statement – Group Level Adjusted Quarter ended Quarter ended 30 June 2015 30 June 2014 Sales revenue 674.8 560.4 Net interest income from banking business 14.1 13.2 Other operating income 4.6 2.8 Total revenue 693.

  22. Slide 22: Income Statement – Segmental Level

    Update Strategic Review & Q2/2015 Results 28 July 2015 Deutsche Börse Group 21 Income Statement – Segmental Level Eurex Xetra Clearstream Market Data + Services Q2/2015 Q2/2014 Q2/2015 Q2/2014 Q2/2015 Q2/2014 Q2/2015 Q2/2014 Sales revenue1 297.9 215.7 51.3 42.5 226.9 206.4 109.8 104.6 Net interest i

  23. Slide 23: Financial Calendar And Contact Details

    Update Strategic Review & Q2/2015 Results 28 July 2015 Deutsche Börse Group 22 Financial Calendar And Contact Details Financial calendar Contact details 28 Oct 2015 Interim report Q3/2015 Deutsche Börse AG 29 Oct 2015 Conference call Q3/2015 Investor Relations Mergenthalerallee 61 65760 Eschborn Ger

  24. Slide 24: Disclaimer

    Update Strategic Review & Q2/2015 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 statemen

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