Slide 1: Q2/2023 Financial results
Q2/2023 Financial results Analyst and Investor Conference Call 26 July 2023
Slide 2: H1/2023 showed strong growth against a record year – guidance for full year increased
H1/2023 showed strong growth against a record year – guidance for full year increased Organic net revenue grow th Operating costs H1/2023 +18% Development in-line with expectations Net revenue +6% secular +12% cyclical €2,452m Continued strong secular net Cyclical tailwinds mainly driven by Or
Slide 3: Creating a powerful Investment Management Solutions segment – completion process well on-track
Creating a powerful Investment Management Solutions segment – completion process well on-track New Investment Management Solutions segment SimCorp offers an industry-leading front-to-back SaaS investment Announcements Antitrust clearance EU commission takeover offer for in the U.S. and approval ex
Slide 4: Group financials H1/2023
Group financials H1/2023 Net revenue | €m EBITDA | €m Cash EPS1 | € Note +18% +18% +19% €487m Treasury result +251% €925m 2,452 5.22 Operating cost +10% 2,079 4.38 Financial investments €−22m 1,505 Depreciation2 €178m 1,272 Financial result €−19m €917m Net profit +20% EPS €4.99 H1/22 H1/23 H1/
Slide 5: Group financials Q2/2023
Detailed income statement Group financials Q2/2023 Net revenue | €m EBITDA | €m Cash EPS1 | € Note +20% +25% +27% Continued secular net revenue growth complemented by cyclical tailwinds from increased rates, which offset 1,221 lower volatility in Trading & Clearing. 2.52 Organic operating
Slide 6: Data & Analytics
Detailed income statement Data & Analytics Q2/2023 │ €m Net revenue EBITDA Business development +6% –4% + 11 % (excl. valuation effect) FX turned into a small headwind in Q2/23 (constant currency net revenue growth 9%). 165 155 Still good demand for ESG, corporate 30 Other1 │ –4% and gover
Slide 7: Trading & Clearing
Detailed income statement Trading & Clearing Q2/2023 │ €m Net revenue EBITDA Business development +2% –2% In Financial Derivatives, strong growth in OTC clearing (+33%) and Repo business (+100%), partly 537 546 compensated a decline in derivatives 32 33 Foreign exchange │ +3% trading due to lo
Slide 8: Fund Services
Detailed income statement Fund Services Q2/2023 │ €m Net revenue EBITDA Business development +17% –2% + 6 % (excl. valuation effect) In fund distribution and processing, outflows from active equity funds to passive and fixed income were 111 overcompensated by new clients. 94 Carve out of F
Slide 9: Securities Services
Detailed income statement Securities Services Q2/2023 │ €m Net revenue EBITDA Business development +73% + 11 2 % Custody positively affected by ongoing high level of fixed income issuance activity and higher collateral 399 management revenues (+12%) in 35 Other │ +32% light of interest rate de
Slide 10: Outlook
Outlook FY/2023 │ €bn Net revenue EBITDA Note For 2023 we originally expected net revenue to increase to €4.5–4.7 2023 target billion and EBITDA to €2.6–2.8 >4.7 billion. Because of the strong start to the year and the positive outlook for the 2023 target second half we increase the >2.8 guidanc
Slide 11: Appendix
Appendix Deutsche Börse Group │ 27 July 2023 10
Slide 12: Income statement – group level
Back to group overview Income statement – group level Q2/23 Q2/22 Change €m €m % Sales revenue 1,191.0 1,151.7 3 Treasury result from banking business 259.8 78.2 232 Other operating income 18.8 23.6 –20 Total revenue 1,469.6 1,253.5 17 Volume-related costs –249.0 –235.7 6 Net revenue 1,220.6 1,017.8
Slide 13: Detailed income statement – Data & Analytics
Back to segmental overview Detailed income statement – Data & Analytics Income statement ‒ Data & Analytics Volumes Revenue per volume Q2/23 Q2/22 Change Unit Volume Change Unit RPV Change €m €m % % % Net revenue 165.1 155.2 6 AuM (€bn) 109 4 Index 1 51.5 50.4 2 Contracts (m) 177 –15 Analytics 26.3
Slide 14: Detailed income statement – Trading & Clearing
Back to segmental overview Detailed income statement – Trading & Clearing Income statement ‒ Trading & Clearing Volumes Revenue per volume Q2/23 Q2/22 Change Unit Volume Change Unit RPV Change €m €m % % % Net revenue 545.6 537.1 2 Financial derivatives 309.0 307.8 0 1 Equities 108.6 129.5 –16 Contra
Slide 15: Detailed income statement – Fund Services
Back to segmental overview Detailed income statement – Fund Services Income statement ‒ Fund Services Volumes Revenue per volume Q2/23 Q2/22 Change Unit Volume Change Unit RPV Change €m €m % % % Net revenue 110.6 94.2 17 Fund processing 1 52.7 52.2 1 AuC (€bn) 3,223 –1 bps p.a. 0.654 2 Fund distribu
Slide 16: Detailed income statement – Securities Services
Back to segmental overview Detailed income statement – Securities Services Income statement ‒ Securities Services Volumes Revenue per volume Q2/23 Q2/22 Change Unit Volume Change Unit RPV Change €m €m % % % Net revenue 399.3 231.3 73 Custody 1 157.4 150.0 5 AuC (€bn) 14,198 6 bps p.a. 0.443 –1 Settl
Slide 17: Financial calendar and contact details
Financial calendar and contact details Financial calendar Deutsche Börse AG 10 May 2023 Redburn Toronto Conference Investor Relations 12 May 2023 Stifel German Corporate Conference (Frankfurt) Mergenthalerallee 61 16 May 2023 Annual General Meeting 2023 65760 Eschborn 17 May 2023 UBS Best of Europe