Slide 1: Investor Presentation: 4th Quarter 2024
Investor Presentation: 4th Quarter 2024 StoneX Group Inc. November 20th, 2024
Slide 2: Disclaimer
Disclaimer The StoneX Group Inc. group of companies provides financial services worldwide, including physical commodities, securities, exchange-traded and over-the-counter derivatives, risk management, global payments and foreign exchange products, through its subsidiaries, in accordance with applic
Slide 3: Company Highlights
Company Highlights 16.9% 28% CAGR Book Value FY 2024 Return on Equity (ending 9/30/24) FY 2003- FY 2024 32% CAGR 0.9x Operating Revenue Operating Revenue FY 2003 – FY 2024 12.2x EPS 1.8x Price to Book (based on 11/08/24 market capitalization) 3
Slide 4: Investment Highlights
Investment Highlights Leading global financial services platform for mid-market institutional, commercial UNIQUE FINANCIAL SERVICES and self-directed/retail clients. PLATFORM Integral part of the global financial infrastructure. TRACK RECORD A 20+ year track record of consistent and significan
Slide 5: We Connect Clients to Markets
Who We Are We Connect StoneX provides institutional-grade global market access, end-to-end clearing and execution, high- Clients to touch service and deep expertise through one trusted partner Markets We Monetize the We monetize client activity over our global network through commissions and Network
Slide 6: StoneX at a Glance
StoneX at a Glance 40+ 18,000+ 140+ Exchanges OTC Products Currencies Global Execution, Clearing & Custody Across Equities, Fixed Income, FX, and Commodities $4.6T 54,000+ 400,000+ $7.6B+ Volume Traded (2) $1,709M Institutional, Equity Capital Self-Directed/Retail Commercial & Client Accounts Client
Slide 7: Our Global Footprint
Our Global Footprint MORE THAN 450,000 CLIENT ACCOUNTS IN MORE THAN 180 COUNTRIES OVER 4,500 STAFF LOCATED IN MORE THAN 20 COUNTRIES AND 6 CONTINENTS Americas EMEA APAC Exchanges and Industry Associations Regulatory Bodies 7
Slide 8: Company Timeline
Company Timeline International International —_Listedon Global Assets & FCStone Assets NASDAQ Currencies. __merge. Becoming Founded-1981 1994 Ltd-2004 _INTLFCStone-2009 Sterne Fillmore Akshay Giroxx Chasing Current International ‘Agee Advisors Financeware Gmbh Returns management —_Assetsissues 2016
Slide 9: Integral Part of the Global Financial Infrastructure
Integral Part of the Global Financial Infrastructure Efficient clearing and settlement on over 40 exchanges and across 180+ foreign exchange markets $7.6+ billion of Client Float across our FCM, Broker-Dealer and Retail Member of SWIFT, OTC business delivering client payments through a proprietary g
Slide 10: Unique Financial Services Platform
Unique Financial Services Platform Global Diversified Client Base INSTITUTIONAL SELF-DIRECTED/RETAIL COMMERCIAL PAYMENTS Risk Profile RISK TAKERS RISK MITIGATION TREASURY MANAGEMENT % of Total Net Operating Revenue 50% of Net Operating Revenue 50% of Net Operating Revenue Global trading, execution
Slide 11: Global Multi-Asset Product and Service Offering
Global Multi-Asset Product and Service Offering FIXED INCOME EQUITIES Government Bonds I C SD/R US Agency Products I C SD/R Global Cash Equities I C SD/R ETFs and Mutual Funds I C SD/R US Treasury Bills MBS US Cash Equities US ETFs US Notes and Bonds CMO European Cash Equities European ETFs US TIPS
Slide 12: Track Record of Success
Track Record of Success STOCKHOLDER RETURN LONG-TERM FINANCIAL PERFORMANCE $4,000 5,000 CAGR CAGR 20% 8% 5% $3,500 28% 32% 29% 4,500 4,000 $3,000 3,500 $2,500 Index = (2003 = $100) 3,000 $2,000 2,500 2,000 $1,500 1,500 $1,000 1,000 $500 500 - $0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Slide 13: Track Record of Success
Track Record of Success OPERATING REVENUE ($MM) NET INCOME ($MM) $4,000 $280 $261 $3,436 $3,500 $239 $240 $2,914 $207 $3,000 $200 $170 $2,500 $2,107 $160 $2,000 $1,673 $116 $1,308 $120 $1,500 $1,106 $85 $80 $1,000 $500 $40 $0 $0 2019 2020 2021 2022 2023 2024 2019 2020 2021 2022 2023 2024 STOCKHOLDER
Slide 14: Diverse and Resilient Business Model
Diverse and Resilient Business Model • Global access to over 40 exchanges and • Clients in over 180 countries served by global 18,000 OTC products footprint of more than 4,500 staff • Global payment solutions in over 180 countries • Local presence provide “Boots on the Ground” and 140 currencies to
Slide 15: Multiple Near-Term and Long-Term Macro Drivers for Growth
Multiple Near-Term and Long-Term Macro Drivers for Growth Volatility Client Behavior • Business model generates financial value from market volatility, as higher • Despite difficult macro market conditions for clients, we continue to provide volatility drives increased activity and transaction volum
Slide 16: Opportunistic Industry Consolidator
Opportunistic Industry Consolidator StoneX’s solid balance sheet, favorable regulatory position and publicly traded status make it an appealing partner to potential acquisition targets (Securities Clearing & Client-centric business (LME Brokerage TRX Futures Independent WM (SWIFT Service Subsidiary)
Slide 17: Recent Financial Results
StonexX’ 100 years Recent Financial Results
Slide 18: Fiscal Q4 2024 & FY 2024 Highlights
Fiscal Q4 2024 & FY 2024 Highlights Fourth Quarter* Highlights Operating Revenues Net Income • Versus the prior year quarter (“PY”): • Operating rev. up 18%, Net operating rev. (“NOR”) up 13% $920.1mm As Reported Adjusted • Total expenses up 8% $76.7mm $77.4mm • Fixed compensation up 14% Up 18% • Va
Slide 19: Review of Key Performance Indicators (FY 2024)
Review of Key Performance Indicators (FY 2024) Compounding Capital Target: Annual shareholder return on equity of 15% TARGET MET 16.9% Flexible Cost Structure Target: >50% of total variable costs to total non-interest expense TARGET MET 52.0% Operating Revenue per Employee Target: >$500k per annum T
Slide 20: Key Financial Results
Key Financial Results (in millions, except share and per share amounts) TTM December March June September December March June September September 31, 2022 31, 2023 30, 2023 30, 2023 31, 2023 31, 2024 30, 2024 30, 2024 30, 2024 Operating revenues $ 654.8 $ 704.4 $ 776.9 $ 778.0 $ 784.2 $ 818.2 $ 913.
Slide 21: Balance Sheet Summary
Balance Sheet Summary USDmm 9/30/2023 9/30/2024 Cash and cash equivalents 1,108 1,269 Cash, securities and other assets segregated under federal and Conservatively capitalized with moderate debt other regulations 1 2,426 2,841 • 0.5x Debt/Equity as of 9/30/24 Securities purchased under agreements
Slide 22: Transaction Volumes and Other Select Data
Transaction Volumes and Other Select Data December March June September December March June September 31, 2022 31, 2023 30, 2023 30, 2023 31, 2023 31, 2024 30, 2024 30, 2024 Listed derivatives (contracts, 000’s) 40,199 41,588 39,044 39,461 50,759 53,805 52,736 57,512 Listed derivatives (average rate
Slide 23: Appendix
StonexX’ 100 years Appendix
Slide 24: Interest Rate Sensitivity
Interest Rate Sensitivity Interest/Fees Earned on Client Balances by Quarter Annualized Interest Rate Sensitivity $160 $90 Potential + / - Incremental Change in Net Interest & 12b1 Fees $84.2 $80.1 Earned (USDmm) (2) $140 $80 $72.8 Annual Rate Change Post-tax Effect on Incremental Effect on (bps) (1
Slide 25: Reconciliation of Net Income to Adjusted Non-GAAP Amounts and Adjusted ROE
SNEX: Reconciliation of Net Income to Adjusted Non-GAAP Amounts and Calculation of Adjusted Return on Equity Three Months Ended Twelve Months Ended (in millions) Q4 2023 Q4 2024 2019 2020 2021 2022 2023 2024 Net income (non-GAAP) reconciliation: Net income, as reported (GAAP) $ 50.7 $ 76.7 $ 85.1 $
Slide 26: Non-GAAP Adjustments Detail
SNEX: Non-GAAP Adjustments Detail These notes refer to the financial metrics and/or defined term presented on Slide 13, 18, and the Appendix. Adjusted Net Income adjusts for the after-tax effects of the below items for the respective financial year: Fiscal 2019: $11.2m recovery on the bad debt relat
Slide 27: Thank you
StonexX’ — 100 years — Thank you