Bursa De Valori Bucuresti · BVB:BVB
Bursa De Valori Bucuresti — Bucharest Stock Exchange (BVB) — Q1 2025 Earnings Presentation
13 slides from Bursa De Valori Bucuresti's earnings presentation, 2025
Slide 1: BVB Q1 25 - Own the future. Invest in it.
BUCHAREST STOCK EXCHANGE BVB Q125 Own the future. Invest in it.
Slide 2: Bucharest Stock Exchange (BVB) Stock
Bucharest Stock Exchange (BVB) Stock ISIN ROBVBAACNORO Refinitiv ROBVB.BX Bloomberg BVB.RO Share price (Dec 31, 2024) EUR 8.08 / RON 40.15 Market Cap (Dec 31, 2024) EUR 71.5 mn/ RON 355 mn No. of outstanding shares 8,854,170 ADT 12T™ RON 0.42 mn P/E (price as of March 2025, 12TM EPS) n/a P/BV (price
Slide 3: Highlights – Q1 2025 Financials
Highlights – Q1 2025 Financials Consolidated Q1 25 vs Q1 24 (RON mn) Standalone Q1 25 vs Q1 24 (RON mn) -4% -15% Lower standalone revenues due to weaker secondary market 7.8 9.1 trading activity (equity trading -32.5% y/y) 16.5 17.3 Operating revenues Operating revenues Post-trading revenues up 8% y
Slide 4: 7.49 15.52 6.09 5.63 3.77 3.48 5.79 2.67 5.16 2.02 4.35 4.21 4.05 2.60
7.49 15.52 6.09 5.63 3.77 3.48 5.79 2.67 5.16 2.02 4.35 4.21 4.05 2.60 2.85 2.11 0.12 0.21 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 5.58 258 4.24 11.73 3.80 3.84 180 189 183 188 188 3.52 3.52 2.61 6.89 124 118 6.65 5.77 5.77 92 1.73 1.68 4.46 3.66 1.9
Slide 5: Operating margin
7.81 9.14 -15% 16.53 17.25 -4% (6.61) (7.09) -7% (17.84) (15.00) 19% 1.20 2.05 -41% (1.31) 2.25 -8% 13% Operating margin 15% 22% (0.26) 0.48 0.26 1.27 (3.19) - - - (2.25) 2.53 (1.05) 3.52 (2.45) 2.15 (1.19) 2.96 -7% 17% -31% 23% (0.2782) 0.2665 0.0024 0.3649 -2% 2% -1% 2%
Slide 6: BVB standalone Main financial indicators, YTD evolution (RON mn)
BVB standalone Main financial indicators, YTD evolution (RON mn) 9.15 7.81 6.61 7.09 2.05 2.15 1.20 0.48 Q1 2025 Q1 2024 -2.45 -3.45 Operating revenues Operating expenses Operating profit
Slide 7: BVB Group Main financial indicators, YTD evolution (RON mn)
BVB Group Main financial indicators, YTD evolution (RON mn) 3.00 2.06 2.02 17.84 17.25 1.59 16.53 2.00 15.00 1.00 0.67 0.46 0.70 0.00 Trading segment Post-trading segment Registry segment CCP.RO -1.00 2.25 2.96 0.26 1.27 -1.38 -2.00 -3.00 Q1 2025 -1.19 Q1 2024 -1.31 -4.00 -5.00 -4.34 Operating reven
Slide 8: Distribution of operating revenues and operating profit, by segment, Q1 2025
Distribution of operating revenues and operating profit, by segment, Q1 2025 (RON • 10.00 7.68 mn) 8.00 5.85 • 6.00 4.00 2.95 2.31 • 2.00 1.13 0.51 0.05 0.00 Trading Post-trading Registry CCP.RO -2.00 • -4.00 -5.26 -6.00 • Operating revenues Operating profit Other, 4% Registry, 18% Data vending, 12%
Slide 9: Personnel expenses of RON 3.6 million, up 2% vs Q1 2024
Audit services, 14% 3.60 3.51 2.57 2.17 Commissions & fees, 12% 0.84 1.01 Other third party services, 40% Promotion Q1 2025 Q1 2024 activities, 15% Personnel costs & Directors' fees Third party services Other operating expenses BD services, 19% • Personnel expenses of RON 3.6 million, up 2% vs Q1 20
Slide 10: Consolidated operating expenses in Q1 2025 are up 19%
8.57 7.95 3.64 5.63 2.06 4.99 Q1 2025 Q1 2024 Personnel costs & Directors' fees Third party services Other operating expenses Consolidated operating expenses in Q1 2025 are up 19% or RON 2.8 million compared to Q1 2024, up to RON 17.84 million, influenced by: - Increase by RON 3.3 million in CCP.RO'
Slide 11: Non-current assets of RON 103.74 million, 4% decrease
Non-current assets of RON 103.74 million, 4% decrease or RON 3.97 million compared to the end of 2024 mainly determined by the additional impairment on the BVB investment in the subsidiary CCP.RO, amounting to RON 3.19 million, recorded in March 2025. Taking into account the new time frame estimates
Slide 12: BVB share price evolution in the last 5 years
Dividend yield evolution BVB share price evolution in the last 5 years 3.50 9% 0.60 3.00 8% 7% 0.50 2.50 6% 0.40 2.00 4.3% 2.5% 5% 3.5% 0.30 1.50 3.3% 4% 2.7% 0.20 3% 1.00 1.29 1.56 2% 0.10 0.50 0.81 1.07 0.96 1% 0.0% - 0.00 0% 2021 2022 2023 2024 T1 2025 2019 2020 2021 2022 2023 2024 Average daily
Slide 13: IR Contact
IR Contact: Remus Danila Head of IR and Business Development ir@bvb.ro M: +40 745 013 552 P: +40 21 307 95 07 BUCHAREST STOCK Thank you This presentation is made solely to the intended recipient and should not be distributed to, or acted upon by, any other person. Itis for general information only a
Bucharest Stock Exchange (BVB) — Q1 2025 Earnings Presentation on 6ix