Slide 1: Q1/2014 Results Analyst and Investor Conference Call
Q1/2014 Results Analyst and Investor Conference Call 29 April 2014
Slide 2: Highlights Q1/2014 Results Presentation
Q1/2014 Results 29 April 2014 Deutsche Börse Group 1 Highlights Q1/2014 Results Presentation Q1/2014 saw an improvement of business activity in Xetra and Clearstream as well as continued growth in new products with dividend and KOSPI derivatives hitting record levels Net revenue increased 6 perc
Slide 3: Q1/2014 – Development Of Group And Segmental Financials
Q1/2014 Results 29 April 2014 Deutsche Börse Group 2 Q1/2014 – Development Of Group And Segmental Financials Group Segments Net revenue Eurex Xetra Clearstream MD+S €514.2 million (+6%) Net rev. +5% Net interest income €8.4 million (+2%) 207 Net rev. 198 +7% Operating costs1 170 €243.4 million (+6%)
Slide 4: Q1/2014 – Eurex
Q1/2014 Results 29 April 2014 Deutsche Börse Group 3 Q1/2014 – Eurex Business activity Q1/2014 y-o-y Net revenue Financial derivatives (traded contracts in m) €m +5% US Options 162.5 3% 202 207 Equity 67.7 -18% 198 Others 19 18 17 11 Repo Fixed income 127.0 -12% 10 8 169 172 15 Commodities Index 178
Slide 5: Q1/2014 – Xetra
Q1/2014 Results 29 April 2014 Deutsche Börse Group 4 Q1/2014 – Xetra Business activity Q1/2014 y-o-y Net revenue Order book volume in €bn1 €m +19% 44 +22% 316 40 38 38 7 Others 37 260 6 9 8 9 8 CCP 8 8 7 6 28 Trading 22 24 23 24 Q1/13 Q1/14 Q1/13 Q2/13 Q3/13 Q4/13 Q1/14 1) Electronic Xetra trading
Slide 6: Q1/2014 – Clearstream
Q1/2014 Results 29 April 2014 Deutsche Börse Group 5 Q1/2014 – Clearstream Business activity Q1/2014 y-o-y Net revenue €m +7% Assets under 166 170 170 €12.0tr 6% 159 160 custody 29 30 29 Others 28 25 Settlement 8 8 NII 33.1m 9% 11 8 transactions 8 15 16 GSF 13 14 15 GSF 27 28 29 29 33 Settlement €58
Slide 7: Clearstream – Citco Transaction Extends Clearstream's Fund Offering
Q1/2014 Results 29 April 2014 Deutsche Börse Group 6 Clearstream – Citco Transaction Extends Clearstream‘s Fund Offering Significantly And Creates Leading Fund Infrastructure Existing fund business has grown rapidly … … Citco will add hedge funds capabilities €m1 Clearstream Citco 81 Mutual funds He
Slide 8: Q1/2014 – Market Data + Services
Q1/2014 Results 29 April 2014 Deutsche Börse Group 7 Q1/2014 – Market Data + Services Business activity Q1/2014 y-o-y Net revenue Trading signals €m +2%1 Distribution of derivatives and cash real-time data: 92 92 94 94 89 5 6 Data subscriptions ~408,000 -1% 5 6 Others 5 15 14 13 Technology Indices
Slide 9: Q1/2014 – Product Initiatives Continue To Build Traction
Q1/2014 Results 29 April 2014 Deutsche Börse Group 8 Q1/2014 – Product Initiatives Continue To Build Traction Eurex – Kospi, volatility, dividend, OAT, BTP Eurex – EEX power & gas m1 20.6 TWh2 472.0 BTP & OAT 43% Gas 389.5 121.7 +21% Dividend 14.3 8.0 Power 56.2 Volatility 5.5 2.7 Kospi 1.9 2.4 333.
Slide 10: Overview Management Priorities
Q1/2014 Results 29 April 2014 Deutsche Börse Group 9 Overview Management Priorities 1 Extend products and services to unregulated/ unsecured markets Expand Eurex’s clearing/ risk management capabilities Global roll-out of collateral and liquidity management services Growth 2 Expand technological
Slide 11: Growth – EurexOTC Clear Service Offering Addresses Client Needs
Q1/2014 Results 29 April 2014 Deutsche Börse Group 10 Growth – EurexOTC Clear Service Offering Addresses Client Needs In New Regulatory Environment Value proposition Description 1 Only fully integrated cross-asset class clearing house in Unique position to be Integrated full asset Europe: market lea
Slide 12: Growth – Expansion Of Successful Collateral Management Services
Q1/2014 Results 29 April 2014 Deutsche Börse Group 11 Growth – Expansion Of Successful Collateral Management Services Under Global Liquidity Hub Initiatives Global infrastructure provider Value proposition: Brazil (live) Australia (2013) Exposure Global Liquidity Hub Liquidity Hub GO locations initi
Slide 13: Growth – Asian Growth Initiatives Are Based On Successful Expansion
Q1/2014 Results 29 April 2014 Deutsche Börse Group 12 Growth – Deutsche Börse Group’s Asian Growth Initiatives Are Based On Successful Expansion Of Business 2007 2013 Current initiatives Build-up of clearing house for Sales revenue <€50 million >€100 million derivatives in Singapore Strategic co
Slide 14: Growth – Substantial Incremental Revenue From Structural And Cyclical Drivers
Q1/2014 Results 29 April 2014 Deutsche Börse Group 13 Growth – Substantial Incremental Revenue From Structural And Cyclical Drivers Expected Illustration of mid- to long-term net revenue opportunities €m Product Structural opportunities Cyclical opportunities innovation ~2,300- ~100-300 2,700 ~100 ~
Slide 15: Cost Management – Details On 2014 Operating Cost Guidance
Q1/2014 Results 29 April 2014 Deutsche Börse Group 14 Cost Management – Details On 2014 Operating Cost Guidance Transition from 2013 operating costs to 2014 guidance Operating costs1, €m Cost guidance 2014 For 2014 Deutsche Börse plans with operating costs ~20 ~1,050 of around €1,050 million, excl
Slide 16: Capital Management – Strong Cash Flow Generation Allows For Strong Rating Profile
Q1/2014 Results 29 April 2014 Deutsche Börse Group 15 Capital Management – Strong Cash Flow Generation Allows For Strong Rating Profile And Attractive Distribution Policy Strong cash flow, balance sheet and rating Attractive dividend distribution Pay-out ratio (%)2 Strong balance sheet 49 50 51 38 5
Slide 17: Annual General Meeting On 15 May 2014 – Agenda Items
Q1/2014 Results 29 April 2014 Deutsche Börse Group 16 Annual General Meeting On 15 May 2014 – Agenda Items Agenda item Voting recommendation 1 Presentation of the adopted and approved annual and consolidated annual financial statements No resolution required 2 Appropriation of unappropriated surplus
Slide 18: Annual General Meeting On 15 May 2014 – Voting Process
Q1/2014 Results 29 April 2014 Deutsche Börse Group 17 Annual General Meeting On 15 May 2014 – Voting Process Voting process Custodians must submit the notification to register shares for participation in the AGM to the German receiving agent (ADEUS Aktienregister-Service-GmbH) no later than Thursd
Slide 19: Appendix
Q1/2014 Results 29 April 2014 Deutsche Börse Group 18 Appendix
Slide 20: Income Statement – Group Level Adjusted
Q1/2014 Results 29 April 2014 Deutsche Börse Group 19 Income Statement – Group Level Adjusted Quarter ended Quarter ended 31 March 2014 31 March 2013 Sales revenue 589.9 541.2 Net interest income from banking business 8.4 8.2 Other operating income 3.2 5.2 Total revenue 601.4 554.6 Volume-related co
Slide 21: Income Statement – Segmental Level Adjusted
Q1/2014 Results 29 April 2014 Deutsche Börse Group 20 Income Statement – Segmental Level Adjusted Eurex Xetra Clearstream Market Data + Services Q1/2014 Q1/2013 Q1/2014 Q1/2013 Q1/2014 Q1/2013 Q1/2014 Q1/2013 Sales revenue1 244.5 222.2 50.3 40.4 202.7 187.6 102.0 99.3 Net interest income from bankin
Slide 22: Financial Calendar And Contact Details
Q1/2014 Results 29 April 2014 Deutsche Börse Group 21 Financial Calendar And Contact Details Financial calendar Contact details 15 May 2014 Annual General Meeting Deutsche Börse AG 3 Jun 2014 Investor Day 2014, London Investor Relations 24 Jul 2014 Interim report Q2/2014 Mergenthalerallee 61 25 Jul
Slide 23: Disclaimer
Q1/2014 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