Deutsche Boerse Ag · XETR:DB1
Deutsche Boerse — Deutsche Börse Group — FY2009 Earnings Presentation
15 slides from Deutsche Boerse's earnings presentation, Feb 17, 2010
Slide 1: Full Year 2009 Results – Annual Press Briefing
Full Year 2009 Results Annual Press Briefing 17 February 2010
Slide 2: Overview Deutsche Börse Group's 2009 Result
Deutsche Börse Group, 17 February 2010 Overview Deutsche Börse Group’s 2009 Result n 2009 was characterized by the most challenging business environment in the history of Deutsche Börse; cash and derivatives trading suffered most due to the reluctance of market participants to trade, while Clearstre
Slide 3: Deutsche Börse Group Continues To Be Well Positioned In The Global Exchange Sector
Deutsche Börse Group, 17 February 2010 Deutsche Börse Group Continues To Be Well Positioned In The Global Exchange Sector Sales revenue and EBIT 2009 (€m)1 Market capitalization (€bn)7 Deutsche Börse 2 1,053 2,159 8.7 CME 1,146 1,854 14.2 NYSE Euronext 3 570 1,759 4.8 Nasdaq OMX 4 428 1,031 2.8 ICE
Slide 4: Over The Last Five Years New Exchange Organizations Have Emerged In The Market Capitalization Ranking
Deutsche Börse Group, 17 February 2010 Over The Last Five Years New Exchange Organizations Have Emerged In The Market Capitalization Ranking Market capitalization 31 Dec 2004 (€bn)1 Market capitalization 12 Feb 2010 (€bn)1 CME 5.7 CME 14.2 Deutsche Hong Kong 13.2 5.0 Börse BM&F Bovespa 9.5 Euronext
Slide 5: Leaner Management Structure And Cost Initiatives Are Expected To Deliver Full Run Rate Cost Savings
Deutsche Börse Group, 17 February 2010 Leaner Management Structure And Cost Initiatives Are Expected To Deliver Full Run Rate Cost Savings Of €50 Million Per Annum n As a result of the financial crisis n The company has decided to structural changes in financial implement a leaner markets and new cu
Slide 6: FY/2009 – Continued Strong Cash Generation Despite Difficult Trading Environment in 2009
Deutsche Börse Group, 17 February 2010 FY/2009 – Continued Strong Cash Generation Despite Difficult Trading Environment in 2009 Sales Net interest Earnings per Cash flow Costs EBIT Net income revenue income share1 per share2 −16% −59% +31% / −2%3 −58% / −30%3 −52% / −32%3 −51% / −30%3 −36% 2,455.1 6
Slide 7: FY/2009 – Cash And Derivatives Suffered Most Due To A Significant Reluctance Of Market Participants To Trade
Deutsche Börse Group, 17 February 2010 FY/2009 – Cash And Derivatives Suffered Most Due To A Significant Reluctance Of Market Participants To Trade Market Data & Information Xetra Eurex Clearstream Analytics Technology Sales −37% −20% −19%1 +4% +4% EBIT −57% −37%2 −32% −1% +1% €m 1 1,010.1 1,006.1 1
Slide 8: Xetra – Cash Market Business Activity Improved On A Sequential Basis Since The Start Of 2009
Deutsche Börse Group, 17 February 2010 Xetra – Cash Market Business Activity Improved On A Sequential Basis Since The Start Of 2009 Monthly trading volume (€bn) Development of business activity 217 n Order book volumes on the electronic trading system Xetra decreased 51% to €1,061 billion in 2009 18
Slide 9: Eurex – Structural Trends Help Underpin Volumes Throughout Difficult Market Environment
Deutsche Börse Group, 17 February 2010 Eurex – Structural Trends Help Underpin Volumes Throughout Difficult Market Environment Monthly traded contracts (m) Development of business activity 264 n The number of contracts traded at Eurex and ISE declined 17% to 2,647 million in 2009 225 232 237 212 n D
Slide 10: Market Data & Analytics – Relatively Stable Development Of Sales Revenue Despite Lower Levels Of Trading Activity
Deutsche Börse Group, 17 February 2010 Market Data & Analytics – Relatively Stable Development Of Sales Revenue Despite Lower Levels Of Trading Activity Sales revenue (€m) Development of business activity n Declining number of data packages sold has been compensated by new products and the consolida
Slide 11: Clearstream – Sequential Growth In Assets Driven By Continuous Growth In Bond Business And Equity Market Recovery
Deutsche Börse Group, 17 February 2010 Clearstream – Sequential Growth In Assets Driven By Continuous Growth In Bond Business And Equity Market Recovery Assets under Custody (€tr)1 Development of business activity n Average value of assets under custody in 2009 amounted to €10.3 trillion (−3%); decl
Slide 12: Information Technology – Main Focus Is On Further Optimizing The IT Infrastructure Of The Group
Deutsche Börse Group, 17 February 2010 Information Technology – Main Focus Is On Further Optimizing The IT Infrastructure Of The Group Business scope Core focus is “Internal business” Development of business activity n Deutsche Börse Group IT builds and operates the n Higher internal development act
Slide 13: Continued Focus On Growth Initiatives And Operating Efficiency While Maintaining Strong Financial Position
Deutsche Börse Group, 17 February 2010 Continued Focus On Growth Initiatives And Operating Efficiency While Maintaining Strong Financial Position n Deutsche Börse plans to increase the annual expenses for growth initiatives and advancements of technology by more than 50% to around €100 million in 20
Slide 14: Capital Management – The Executive Board Of Deutsche Börse Has Proposed A Flat Dividend Of €2.10 For 2009
Deutsche Börse Group, 17 February 2010 Capital Management – The Executive Board Of Deutsche Börse Has Proposed A Flat Dividend Of €2.10 For 2009 Dividend payout ratio and dividend n Executive Board has proposed a dividend of €2.10 per Dividend payout ratio share for 2009 (2008: €2.10), a payout rati
Slide 15: Disclaimer
Deutsche Börse Group, 17 February 2010 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 statements a