Slide 1: Flow Traders N.V. 4Q 2015
Flow Traders N.V. 4Q 2015 AMSTER DA M - NEW YOR K - SINGAP O R E - CLUJ
Slide 2: Disclaimer
Disclaimer This presentation is prepared by Flow Traders N.V. and is for information purposes only. It is not a recommendation to engage in investment activities and you must not rely on the content of this document when making any investment decisions. The information in this document does not cons
Slide 3: Content
Content 4Q15 Highlights 2015 Results Consolidated Results Europe Americas Asia Operational Expenses Consolidated Financial Position Guidance Medium- to Long-Term Strategy Appendix 3
Slide 4: 4Q15 Highlights
4Q15 Highlights Solid quarter, closing a record year for Flow Traders Globally, ETP market inflows reached record €109bn in 4Q15, the highest level in 2015 Inflows AuM (source BlackRock), confirming ongoing momentum in the ETP markets Flow Traders’ Volumes Traded came in at €144bn, a decrease of 16%
Slide 5: 2015 Results
2015 Results Record year, confirming momentum in ETP market ETP AuM (€tn) Global ETP Value Flow Traders ETP Flow Traders Flow Traders 4.0 16.0 Traded (€tn) 800 Value Traded (€bn) 400 NTI (€m) 5 Revenue Capture 645 305 (bps) 4.7 2.7 527 4 8.0 14.3 600 300 2.1 10.0 3 400 200 173 3.3 2.0 4.0 2 2.0 200
Slide 6: Consolidated results
Consolidated results 4Q results solid, despite lower market volumes and volatility Adj. Q4 Adj. Q3 Q4 Q3 Adj. Q4 Adj. YTD YTD YTD Adj. YTD-15 Consolidated (in €m) 2015 2015 2015 2015 vs adj. Q3 Dec 15 Dec 15 Dec 14 vs YTD-14 Net Trading Income 64.5 92.8 64.5 92.8 (30%) 304.7 304.7 172.7 76% Personne
Slide 7: Europe
Europe Aligned with the market for the quarter, outperforming for the year NTI (in €m) 200 182 60 52 2015 YTD In €bn unless otherwise stated Q4 Q3 ∆ Dec-15 Dec-14 ∆ 50 150 ETP AuM (end of period) 460 453 1% 460 371 24% 114 40 33 Europe ETP Value Traded 216 238 (9%) 934 636 47% 100 30 20 Flow Traders
Slide 8: Americas
Americas Tracking the market in Q4, increased revenue capture for the year NTI (in €m) 60 51 20 17 2015 YTD In €bn unless otherwise stated Q4 Q3 ∆ Dec-15 Dec-14 ∆ 50 15 13 ETP AuM (end of period) 1,987 1,845 8% 1,987 1,558 28% 40 35 Americas ETP Value Traded 2,982 3,333 (11%) 11,881 8,695 37% 30 10
Slide 9: Asia
Asia Flow Traders showed solid performance in Asia NTI (in €m) 80 71 25 23 2015 YTD 70 In €bn unless otherwise stated Q4 Q3 ∆ Dec-15 Dec-14 ∆ 20 19 60 ETP AuM (end of period) 219 199 10% 219 151 46% 50 15 Asia ETP Value Traded 225 422 (47%) 1,486 625 138% 40 30 24 10 Flow Traders ETP Value Traded 10
Slide 10: Operational expenses
Operational expenses Stable performance and predictable low cost base Adj. Q4 Adj. Q3 Q4 Q3 Adj. Q4 Adj. YTD YTD YTD Adj. YTD-15 Consolidated (in €m) 2015 2015 2015 2015 vs adj. Q3 Dec 15 Dec 15 Dec 14 vs YTD-14 Net Trading Income 64.5 92.8 64.5 92.8 (30%) 304.7 304.7 172.7 76% Personnel expenses (f
Slide 11: Consolidated financial position
Consolidated financial position Further strengthening of Flow Traders’ Balance Sheet Condensed Balance Sheet In €m ∆ 31 Dec 15 Assets 31 Dec 15 31 Dec 14 vs. 30 Jun 15 Trading capital 339 204 134 400 €m Property, Equipment and Intangible Assets 24 22 2 339 350 Total Trading Other Assets 16 6 10 Tota
Slide 12: Guidance to Medium to Long-Term Strategy
Guidance to Medium to Long-Term Strategy Combining organic growth with strong cash generation Current Trading in 1Q16 shows some improvements over 4Q15. So far we have had a solid Trading start of the year. Flow Traders continues to focus on organic growth, through expanding the number of products t
Slide 13: Appendix
Appendix
Slide 14: Appendix - Growth drivers
Appendix 1 - Growth drivers Delivering on strategic growth and financial objectives External – Growth Catalysts for ETP Liquidity Providers Internal – Flow Traders Specific Growth Opportunities New Products New Markets Grow presence in the fixed income ETP space Operational Upside in the Improvement
Slide 15: Appendix - Glossary
Appendix 2 - Glossary Adjusted Earnings (NTI, Net Profit, EBITDA, etc.) adjusted for one-off expenses related to the IPO and earnings SARs expenses. EBITDA Operating result before depreciation of property and equipment, amortization of intangible assets, write off of tangible and intangible assets a
Slide 16: Thank you
Thank you