Deutsche Boerse Ag · XETR:DB1
Deutsche Boerse — Deutsche Börse — Q2 2010 Earnings Presentation
20 slides from Deutsche Boerse's earnings presentation, Jul 28, 2010
Slide 1: Q2/2010 Results Analyst and Investor Conference
Q2/2010 Results Analyst and Investor Conference 28 July 2010
Slide 2: Overview Q2/2010 Results
Deutsche Börse Group, Q2/2010 Results, 28 July 2010 Overview Q2/2010 Results n Sales revenue in Q2/2010 (€564.4 million) increased 9% compared to Q2/2009 and Q1/2010; net interest income amounted to €15.7 million, up 43% against Q1/2010 n Total costs in Q2/2010 amounted to €356.0 million; costs down
Slide 3: Q2/2010 – Strong Improvement Of Business Activity And Continued Focus On Costs Result In Significant EPS Growth
Deutsche Börse Group, Q2/2010 Results, 28 July 2010 Q2/2010 – Strong Improvement Of Business Activity And Continued Focus On Costs Result In Significant EPS Growth Sales revenue (€m) Total costs (€m)1 Earnings per share (€) 564.4 515.6 519.2 500.9 505.4 3 2 1.19 329.8 311.7 301.5 3 3 271.0 274.0 3 0
Slide 4: Q2/2010 – Significant Sequential Improvement Of Sales Revenue And EBIT
Deutsche Börse Group, Q2/2010 Results, 28 July 2010 Q2/2010 – Significant Sequential Improvement Of Sales Revenue And EBIT Sales revenue and EBIT (€m) Revenue n Sales revenue: €564.4m (+9% vs. Q1/10) n Net interest income: €15.7m (+43% vs. Q1/10) 564.4 n Other operating income: €24.6m (+97% vs. Q1/1
Slide 5: Xetra – Cash Market Business Activity Further Improved In Q2/2010 Compared To 2009
Deutsche Börse Group, Q2/2010 Results, 28 July 2010 Xetra – Cash Market Business Activity Further Improved In Q2/2010 Compared To 2009 Monthly trading volume (€bn) Q2/10 Development of business activity 217 n Order book volume on the electronic trading system Xetra increased 43% to €379.8 billion in
Slide 6: Xetra – Sales Revenue Improved Against Prior Quarters; Scoach Accounted For In Result From Equity Investments
Deutsche Börse Group, Q2/2010 Results, 28 July 2010 Xetra – Sales Revenue Improved Against Prior Quarters; Scoach Accounted For In Result From Equity Investments Since Q1/2010 Business activity Cash market sales revenue (€m) Change vs. 73.3 73.2 71.5 70.8 Q2/10 Q1/10 Q2/09 10.9 11.2 11.5 65.0 62.4 6
Slide 7: Eurex – Sequential Growth In All Product Categories In Q2/2010
Deutsche Börse Group, Q2/2010 Results, 28 July 2010 Eurex – Sequential Growth In All Product Categories In Q2/2010 Monthly traded contracts (m)1 Q2/10 Development of business activity n The number of contracts traded at Eurex and ISE 336 increased 17% to 833.5 million in Q2/10, driven by European in
Slide 8: Eurex – Strong Increase In Index And Fixed Income Benchmark Products In Q2/2010
Deutsche Börse Group, Q2/2010 Results, 28 July 2010 Eurex – Strong Increase In Index And Fixed Income Benchmark Products In Q2/2010 Results In Sequential Improvement Of RPC1 Business activity (traded contracts in million) Eurex sales revenue (€m) Change vs. Q2/10 Q1/10 Q2/10 246.1 210.4 213.8 36.4 I
Slide 9: Clearstream – Strongest Quarter Ever In Safekeeping
Deutsche Börse Group, Q2/2010 Results, 28 July 2010 Clearstream – With Close To 11 Trillion Euro Clearstream Achieved Strongest Quarter Ever In Safekeeping Assets under Custody (€tr)1 Q2/10 Development of business activity n Average value of assets under custody in Q2/10 amounted to €10.9 trillion (
Slide 10: Clearstream – Positive Sales Revenue Development With Sequential Growth In Net Interest Income
Deutsche Börse Group, Q2/2010 Results, 28 July 2010 Clearstream – Positive Sales Revenue Development In Combination With Sequential Growth In Net Interest Income Business activity Clearstream revenue (€m) Change vs. 211.2 204.0 207.6 204.0 198.9 Q2/10 Q1/10 Q2/09 15.7 25.9 17.7 21.9 11.0 Assets unde
Slide 11: Market Data & Analytics – Following The Full Consolidation Of STOXX, Sales Revenue Increased 19 Percent
Deutsche Börse Group, Q2/2010 Results, 28 July 2010 Market Data & Analytics – Following The Full Consolidation Of STOXX, Sales Revenue Increased 19 Percent Year-Over-Year Sales revenue and EBIT (€m) Development of business activity n Less volatile revenue drivers compared to the trading 55.6 52.5 bu
Slide 12: Continued Focus On Growth Initiatives And Operating Efficiency While Maintaining Strong Financial Position
Deutsche Börse Group, Q2/2010 Results, 28 July 2010 Continued Focus On Growth Initiatives And Operating Efficiency While Maintaining Strong Financial Position n Deutsche Börse increases the annual expenses for growth initiatives and advancements of technology by more than 50% to around €100 million
Slide 13: Growth – Investment Program Is Geared To Support Structural Growth Drivers
Deutsche Börse Group, Q2/2010 Results, 28 July 2010 Growth – Investment Program Is Geared To Support Structural Growth Drivers And Build On The Company’s Strength In Technology Investment program 2010 Segment Main initiatives n New trading segment for European blue-chips launched in November ~€100 m
Slide 14: Operating Efficiency – Program To Optimize Processes And Costs On Track To Deliver Expected Savings
Deutsche Börse Group, Q2/2010 Results, 28 July 2010 Operating Efficiency – Program To Optimize Processes And Costs On Track To Deliver Expected Savings Ramp-up cost measures (€m) n Costs – adjusted for the ISE acquisition in 2007 – have Cost savings essentially remained flat over the last years; thi
Slide 15: Capital Management – Focused On Maintaining Its Strong Credit And Rating Profile
Deutsche Börse Group, Q2/2010 Results, 28 July 2010 Capital Management – Deutsche Börse Group Is Focused On Maintaining Its Strong Credit And Rating Profile n Continuing past practice, Deutsche Börse AG distributes funds not required for the Group’s operating business and further development to its
Slide 16: Appendix
Deutsche Börse Group, Q2/2010 Results, 28 July 2010 Appendix 15
Slide 17: Financial Calendar And Contact Details
Deutsche Börse Group, Q2/2010 Results, 28 July 2010 Financial Calendar And Contact Details Financial Calendar Contact Details 27 Oct 2010 Publication interim report Deutsche Börse AG Q3/2010 Investor Relations 28 Oct 2010 Analyst and investor conference Q3/2010 Neue Börsenstrasse 1 60487 Frankfurt/M
Slide 18: Income Statement – Group Level
Deutsche Börse Group, Q2/2010 Results, 28 July 2010 Income Statement – Group Level Quarter ended 30 June 2010 Quarter ended 30 June 2009 Six months ended 30 June 2010 Six months ended 30 June 2009 Sales revenue 564.4 515.6 1,083.6 1,055.4 Net interest income from banking business 15.7 25.9 26.7 57.8
Slide 19: Income Statement – Segmental Level
Deutsche Börse Group, Q2/2010 Results, 28 July 2010 Income Statement – Segmental Level Xetra Eurex Clearstream Market Data & Analytics Q2/2010 Q2/2009 Q2/2010 Q2/2009 Q2/2010 Q2/2009 Q2/2010 Q2/2009 Sales revenue 70.8 73.3 246.1 210.4 191.9 185.3 55.6 46.6 Internal sales 0.0 0.0 0.0 0.0 1.5 2.3 8.8
Slide 20: Disclaimer
Deutsche Börse Group, Q2/2010 Results, 28 July 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