Slide 1: Q3/2013 Results Analyst and Investor Conference
Q3/2013 Results Analyst and Investor Conference 30 October 2013
Slide 2: Overview Q3/2013 Results Conference
Q3/2013 Results 30 October 2013 Deutsche Börse Group 1 Overview Q3/2013 Results Conference Q3/2013 volumes were negatively affected by low equity market volatility and the continued low interest rate environment; as a result net revenue in Q3 decreased slightly to €457.9 million Continued growth
Slide 3: Q1-3/2013 – Solid Financial Development In The First Nine Months
Q3/2013 Results 30 October 2013 Deutsche Börse Group 2 Q1-3/2013 – Solid Financial Development In The First Nine Months Net revenue Operating costs Earnings per share €m €m1 €1 484 497 0.97 471 458 0.92 448 0.87 0.83 0.64 247 230 234 236 226 Q3/12 Q4/12 Q1/13 Q2/13 Q3/13 Q3/12 Q4/12 Q1/13 Q2/13 Q3/1
Slide 4: Q3/2013 – Third Quarter Affected By Low Equity Market Volatility
Q3/2013 Results 30 October 2013 Deutsche Börse Group 3 Q3/2013 – Third Quarter Affected By Low Equity Market Volatility And The Continued Low Interest Rate Environment Net revenue and EBIT €m1 Net revenue EBIT Revenue Net revenue: €457.9m (-3% y-o-y) Net interest income: €8.1m (-30% y-o-y) 484 4
Slide 5: Eurex
Q3/2013 Results 30 October 2013 Deutsche Börse Group 4 Eurex Business activity Q3/2013 y-o-y Net revenue Traded contracts in m €m US Options 143.1 -3% 197 202 186 26 170 26 20 169 Equity 74.7 -13% 20 23 26 22 Others 22 9 23 10 12 21 US Options 10 8 Equity Fixed income 117.7 1% 42 52 51 38 42 Fixed i
Slide 6: Xetra
Q3/2013 Results 30 October 2013 Deutsche Börse Group 5 Xetra Business activity Q3/2013 y-o-y Net revenue Order book volume in €bn1 €m 40 269 269 38 37 34 9 Others 6 31 8 6 6 8 8 CCP 7 7 6 22 24 23 Trading 22 19 Q3/12 Q3/13 Q3/12 Q4/12 Q1/13 Q2/13 Q3/13 1) Electronic Xetra trading and Xetra Frankfurt
Slide 7: Clearstream
Q3/2013 Results 30 October 2013 Deutsche Börse Group 6 Clearstream Business activity Q3/2013 y-o-y Net revenue €m Assets under 166 €11.6tr 4% 160 159 160 custody 155 27 25 26 28 Others Settlement 27 29.1m 5% 12 11 8 NII transactions 8 8 14 13 14 15 GSF 13 GSF 24 26 27 28 Settlement €571.0bn 2% 24 ou
Slide 8: Market Data + Services
Q3/2013 Results 30 October 2013 Deutsche Börse Group 7 Market Data + Services Composition of new segment Net revenue Trading signals €m Distribution of licenses for derivatives and cash real- time trading and market signals 91 91 92 92 89 5 5 5 6 5 Others Indices Calculation and distribution of
Slide 9: Our Strategy Is Focused On Becoming The Preeminent Global Provider
Q3/2013 Results 30 October 2013 Deutsche Börse Group 8 Our Strategy Is Focused On Becoming The Preeminent Global Provider For Integrated Risk, Collateral And Liquidity Management Internationality Success factors Integrated risk, collateral Leading derivatives market with Global and liquidity manag
Slide 10: Overview Management Priorities For 2013
Q3/2013 Results 30 October 2013 Deutsche Börse Group 9 Overview Management Priorities For 2013 1 Extend products and services to unregulated/unsecured markets Expand Eurex clearing/risk management capabilities Global roll-out of collateral and liquidity management services Growth 2 Expand techno
Slide 11: Growth – Some Major Milestones Of Growth Strategy And Infrastructure Investments Already Achieved
Q3/2013 Results 30 October 2013 Deutsche Börse Group 10 Growth – Some Major Milestones Of Growth Strategy And Infrastructure Investments Already Achieved Agreement with major derivatives dealers on EurexOTC Clear offering for interest rate swaps in May 2012; launch of service in November 2012; fur
Slide 12: Growth – Continuous Expansion Of Collateral Management Services Under Liquidity Hub Initiatives
Q3/2013 Results 30 October 2013 Deutsche Börse Group 11 Growth – Continuous Expansion Of Collateral Management Services Under Liquidity Hub Initiatives Global infrastructure provider Brazil (live) Australia (2013) Liquidity Hub GO South Africa (2013) Spain (2013) (Global Outsourcing) Clearstream’s s
Slide 13: Growth – Structural And Cyclical Drivers As Well As Product Innovation
Q3/2013 Results 30 October 2013 Deutsche Börse Group 12 Growth – Structural And Cyclical Drivers As Well As Product Innovation Are Expected To Deliver Substantial Incremental Revenue Illustration of mid- to long-term net revenue opportunities €m Product Structural opportunities Cyclical opportunitie
Slide 14: Growth – Product Initiatives Continue To Build Traction
Q3/2013 Results 30 October 2013 Deutsche Börse Group 13 Growth – Product Initiatives Continue To Build Traction Eurex – Kospi, volatility, dividend, OAT, BTP Eurex – EEX power derivatives m1 43.9 TWh 910.5 BTP & OAT Dividend 17.5 686.7 +33% 24.4 80% Volatility Kospi 6.6 5.4 4.9 5.6 3.2 15.4 9.6 Q1-3
Slide 15: Operating Efficiency – Measures To Further Increase The Operating Efficiency
Q3/2013 Results 30 October 2013 Deutsche Börse Group 14 Operating Efficiency – Measures To Further Increase The Operating Efficiency Create Flexibility To Increase Investments In Growth Efficiency measures (update) Ramp-up of cost savings Planned savings in personnel and non-personnel 100% costs o
Slide 16: Capital Management – Refinancing Of Long Term Debt Results In Significant Decrease Of Debt Financing Expenses
Q3/2013 Results 30 October 2013 Deutsche Börse Group 15 Capital Management – Refinancing Of Long Term Debt Results In Significant Decrease Of Debt Financing Expenses Overview refinancing Debt financing costs (part of financial expenses) €m First tranche (Oct 2012) -29 First tranche of refinancing
Slide 17: Capital Management – Strong Cash Flow Generation Allows For Strong Rating Profile And Attractive Distribution Policy
Q3/2013 Results 30 October 2013 Deutsche Börse Group 16 Capital Management – Strong Cash Flow Generation Allows For Strong Rating Profile And Attractive Distribution Policy Capital Management Principles Regular dividend per share Continuing past practice, Deutsche Börse distributes Pay-out ratio (
Slide 18: Appendix
Q3/2013 Results 30 October 2013 Deutsche Börse Group 17 Appendix
Slide 19: Financial Calendar And Contact Details
Q3/2013 Results 30 October 2013 Deutsche Börse Group 18 Financial Calendar And Contact Details Financial calendar Contact details 19 Feb 2014 Preliminary results Q4 and FY 2013 Deutsche Börse AG 20 Feb 2014 Conference call Q4 and FY 2013 Investor Relations 28 Apr 2014 Interim report Q1/2014 Mergenth
Slide 20: Income Statement – Group Level Reported
Q3/2013 Results 30 October 2013 Deutsche Börse Group 19 Income Statement – Group Level Reported Quarter ended Quarter ended Nine months ended Nine months ended 30 September 2013 30 September 2012 30 September 2013 30 September 2012 Sales revenue 520.8 530.7 1,623.8 1,638.1 Net interest income from b
Slide 21: Income Statement – Segmental Level Reported
Q3/2013 Results 30 October 2013 Deutsche Börse Group 20 Income Statement – Segmental Level Reported Eurex Xetra Clearstream Market Data + Services Q3/2013 Q3/2012 Q3/2013 Q3/2012 Q3/2013 Q3/2012 Q3/2013 Q3/2012 Sales revenue1 194.0 211.8 44.7 40.0 191.9 189.1 97.4 98.2 Net interest income from banki
Slide 22: Disclaimer
Q3/2013 Results 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 are subject to known an