Cme Group Inc. · NASDAQ:CME
Cme — Q1 2024 Earnings Presentation
8 slides from Cme's earnings presentation, Apr 24, 2024
Slide 1: 1Q 2024 Summary
3Q 2023 1Q 2024Commentary Earnings Earnings Commentary Revenue Adjusted Diluted EPS 1Q 2024 Summary Adjusted Expense in millions CME Group’s strong performance in 1Q is evidence of our clients’ $1,600 $2.50 ever-growing need for risk management driving our highest ever adjusted net income and dilute
Slide 2: 1Q 2024 Highlights & Commentary
1Q 2024 Earnings Commentary - Unaudited 1Q 2024 Highlights & Commentary (ADV and open interest (OI) stated in contracts, except for cash markets) Driven by the strong demand for our risk management products, we delivered the highest quarterly adjusted net income and diluted earnings per common share
Slide 3: Product portfolio drove growing demand across asset classes in 1Q24
1Q 2024 Earnings Commentary - Unaudited Clients continued to turn to CME Group’s diverse product portfolio as ongoing market uncertainty and geopolitical factors drove growing demand for risk management across several asset classes in 1Q24 1Q24 Physical Commodities ADV increased 14% to 4.7M Agricult
Slide 4: 1Q 2024 Product Detail - Financials
1Q 2024 Earnings Commentary - Unaudited Clients continued to turn to CME Group’s diverse product portfolio as ongoing market uncertainty and geopolitical factors drove growing demand for risk management across several asset classes in 1Q24 1Q24 Equity Index ADV of 6.9M, 18% higher than the recent 5-
Slide 5: 1Q 2024 Product Detail - Commodities
1Q 2024 Earnings Commentary - Unaudited • Product expansion across our WTI Crude Oil complex is generating continued growth with expanded use of our Crude Grades futures, weekly options and Micro WTI futures ‒ Record ADOI reached in Crude Grades, and 80% of that business is with a diverse set of com
Slide 6: Financial Results Notes & Guidance
1Q 2024 Earnings Commentary - Unaudited Financial Results • 1Q24 revenue was $1.5 billion, up 3% versus 1Q23. 1Q24 clearing and transaction fees revenue Dividends Paid $ in millions totaled $1.2 billion $3,200 Annual Variable • Overall 1Q24 futures and options RPC was 69.5 Dividend cents, up from 68
Slide 7: Micro Product Quarterly Details
1Q 2024 Earnings Commentary - Unaudited Financial Results Appendix Micro Product Quarterly Details ADV in thousands / RPC in cents except for Micro Crypto Micro Equity Index Products (including Micro Crypto) 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 ADV 3,437 3,319 3,025 2,963 2,725 2,099 2,169 2
Slide 8: Use of Non-GAAP Measures; Forward-Looking Statements
1Q 2024 Earnings Commentary - Unaudited Use of Non-GAAP Measures A reconciliation of the non-GAAP financial results mentioned to the respective GAAP figures can be found within the Reconciliation of GAAP to non-GAAP Measures chart at the end of the financial statements and earnings presentation mate