Slide 1: Earnings Call: 4th Quarter 2024
StoneX’ 100 years Earnings Call: 4th Quarter 2024 StoneX Group Inc. November 20', 2024
Slide 2: Disclaimer
StoneX’ — 100 years — 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
Slide 3: Fiscal Q4 2024 & FY 2024 Highlights
Fiscal O4 2024 & FY 2024 Highlights * Operating Revenues Net Income + Versus the prior year quarter (“PY”): * Operating rev. up 18%, Net operating rev. (“NOR”) up 13% $920 Imm eerepored jaya) + Total expenses up 8% . 5 $76.7mm $77.4mm + Fixed compensation up 14% Up 18% up sine upaox + Variable compe
Slide 4: Fiscal Q4 2024 Product Results & Key Metrics
Fiscal O04 2024 Product Results & Key Metrics Contos (00s) &Rateper Contract $118.2mm 57,512 $1.99 » Up 20% Up 46% Down 15% 1?) > 3 $46.2mm 954 $49.05 c Down 23% 8 Up 4% Down 26% = Physical Contracts & Contracts (‘000s) & Rate per Contract a $53.3mm © = Up 6% = g 2 ADVE USD) & RPM & $411.8mm s $7,57
Slide 5: FY 2024 Product Results & Key Metrics
FY 2024 Product Results & Key Metrics Contact (0008 & Rete per Contract $469.6mm 214,811 $2.09 Up 13% Up 34% Down 14% ~ o =] i $209.9mm 3,538 $59.62 LC Down 10% 8 No change Down 9% rad Physical Contracts 5 Contracts (000s) & Rate per Contract 2 $217.9mm o eS Down 11% = g 2 ADV USD & RPM £ $1,442.7mm
Slide 6: Segment Results
Segment Results $210.8mm $89.2mm $871.9mm $387.7mm Up2% Up 1% Up 1% Down 1% Institutional Institutional t Operating Revenue Segment Income Operating Revenue Segment Income 8 $554.1mm $77.3mm ¢ $1,962.1mm $266.0mm a Up 30% Up 41% a Up 30% Up 22% {e} nN re} Self-Directed/Retail > Self-Directed/Retail
Slide 7: Our Continued Financial Growth
Our Continued Financial Growth Growing Top-Line and Adj. PTI Strong Growth in Earnings and Adj. ROE CAGR $4,000 <n B® $3,000 a $2,500 $2,000 $1500 $1,000 $500 $0 io] 2 o o fe) o Cc Qo o & 2 8 a & = x Q & 8 8 8 8 8 EB § 8 8 wm TTM Operating Revenue (LHS) Stockholder Return -—T™M Adjusted Pre-Tax Inco
Slide 8: Quarterly Consolidated Income Statement
Quarterly Consolidated Income Statement Three Months Ended, Sep. 30 [Three Months Ended, Jun, 30] (in millions, ex share and per share amounts) 2024 2023 % Change 2024 lees 8° Interest expense on corporate funding * Back to normalized levels following debt extinguishment Operating revenues $ 9201 $
Slide 9: Quarterly Segment Results: Commercial
Quarterly Segment Results: Commercial Three Months Ended, Sep. 30 Three Months Ended, Jun. 30 % Change 2024 % Change Operating revenues $ 2108 $ 207.5 2% § 262.2 (20)% Net operating revenues 167.8 169.9 (N% 220.5 (24)% Variable compensation and benefits 40.4 38.5 5% 518 (22)% Fixed compensation and
Slide 10: Quarterly Segment Results: Institutional
Quarterly Segment Results: Institutional Operating revenues $ 5541 § 4265 30% $ 508.9 9% Net operating revenues 743 130.6 33% 1877 1% Variable compensation and benefits 515 447 15% 529 (3)% Fixed compensation and benefits 207 155 34% 196 6% Other fixed expenses 243 188 29% 280 6% Bad debts (recoveri
Slide 11: Quarterly Segment Results: Self-Directed/Retail
Quarterly Segment Results: Self-Directed/Retail Three Months Ended, Sep. 30 Three Months Ended, Jun. 30 nil 2024 2023 % Change 2024 % Change Operating revenues $ 1043 § 92.4 13% $ 962 8% Net operating revenues 763 675 13% 68.5 1% Variaile compensation and benefits 55 27 104% 48 15% Fixed compensatio
Slide 12: Quarterly Segment Results: Payments
Quarterly Segment Results: Payments Three Months Ended, Sep. 30 1s Ended, Jun. 30 in millions) 2024 2023 % Change 2024 % Change Operating revenues $ 486 $ 542 (10)% 511 (5)% Net operating revenues 458 51.6 (1% 48.7 (6)% Variable compensation and benefits 83 92 (10)% 86 (3)% Fixed compensation and be
Slide 13: Key Strategic Objectives
Key Strategic Objectives Grow and Diversify Our Build Our Ecosystem Digitize Our Business Compound Capital Client Base Increase Efficiency and Client Expand Products and Services Increase Market Share Engagement Expand Capital Base Address more client needs and Expand presence in large Better integr
Slide 14: Closing Thoughts
Closing Thoughts Net income arecord$76.7mm, with diluted earnings per share of $2.32 per diluted share + Full fiscal year net income of $260.8mm and with diluted EPS of $7.96 per diluted share, increases of 9% and 7%, respectively * ROE for the quarter of 18.5% on stated book value and 16.9% for the
Slide 15: Appendix
Slide 16: Potential +/- Incremental Change in Net Interest & 12b1 Fees Earned
Potential + / - Incremental Change in Net Interest & 12b1 Fees Earned (USDmm) (2) Annual Rate Change Post-tax Effect on Incremental Effect on (bps) (1) Net Income(3) Post-tax EPS (3) 25 $5.8 $0.18 50 $11.6 $0.36 75 $17.4 $0.55 100 $23.2 $0.73
Slide 17: SNEX: Quarterly Reconciliation of Net Income to Adjusted Non-GAAP
SNEX: Quarterly Reconciliation of Net Income to Adjusted Non-GAAP Amounts and Calculation of Adjusted Return on Equity (in millions) Q4 2022 Q12023 Q2 2023 Q3 2023 Q4 2023 Q12024 Q2 2024 Q3 2024 Q4 2024 Net income (non-GAAP) reconciliation: Net income, as reported (GAAP) $ 523 $ 76 S$ 417 S$ 6095 $
Slide 18: SNEX: TTM Reconciliation of Net Income to Adjusted Non-GAAP
SNEX: TTM Reconciliation of Net Income to Adjusted Non- GAAP Amounts and Calculation of Adjusted Return on Equity Twelve Months Ended (in millions) 9/30/2022 §§ 12/31/2022 Mf 3/31/2023 ff 6/30/2023 Hf 9/30/2023 ¥f 12/31/2023 3/31/2024 Mi 6/30/2024 Hf 9/30/2024 Net income (non-GAAP) reconciliation: N
Slide 19: SNEX: Non-GAAP Adjustments Detail
SNEX: Non-GAAP Adjustments Detail These notes refer to the financial metrics and/or defined term presented on Slide 3, 7, and the Appendix. Adjusted Net Income adjusts for the after-tax effects of the below items for the respective financial year: Fiscal 2022: acquisition related expenses of $7.7m r