Deutsche Boerse Ag · XETR:DB1

Deutsche Boerse — Deutsche Börse — Q3 2011 Earnings Presentation

16 slides from Deutsche Boerse's earnings presentation, Oct 28, 2011

1. Slide 1: Q3/2011 Results Analyst and Investor Conference

   Q3/2011 Results Analyst and Investor Conference 28 October 2011

2. Slide 2: Disclaimer

   Deutsche Börse Group, Q3/2011 Results, 28 October 2011 Disclaimer Safe Harbour Statement In connection with the proposed business combination transaction between NYSE Euronext and Deutsche Boerse AG, Alpha Beta Netherlands Holding N.V. (“Holding”), a newly formed holding company, filed, and the SEC

3. Slide 3: Overview Q3/2011 Results Conference

   Deutsche Börse Group, Q3/2011 Results, 28 October 2011 Overview Q3/2011 Results Conference  Business activity in Q3/2011 developed very favorably across the Group: cash equities: +52%, derivatives: +39%, post trade (settlement): +28%, post trade (GSF): +16%, MD&A: +5%  Sales revenue increased 20%

4. Slide 4: Q3/2011 – Best Quarter In Terms Of Earnings Per Share Since 2008

   Deutsche Börse Group, Q3/2011 Results, 28 October 2011 Q3/2011 – Best Quarter In Terms Of Earnings Per Share Since 2008 Sales revenue (€m) Total costs (€m)1 Earnings per share (€)1 604.7 558.6 528.6 504.3 518.4 1.33 1.20 328.0 1.07 292.3 0.92 274.1 257.7 273.0 0.82 Q3 Q4 Q1 Q2 Q3 Q3 Q4 Q1 Q2 Q3 Q3 Q

5. Slide 5: Q3/2011 – Significant Improvement Of Sales Revenue And EBIT

   Deutsche Börse Group, Q3/2011 Results, 28 October 2011 Q3/2011 – Significant Improvement Of Sales Revenue And EBIT Sales revenue and EBIT1 (€m) Revenue  Sales revenue: €604.7m (+20% y-o-y) 604.7  Net interest income: €21.2m (+34% y-o-y) 558.6  Other operating income: €19.3m (+65% y-o-y) 528.6 - I

6. Slide 6: Xetra – Best Quarter In Terms Of Sales Revenue Since 2008

   Deutsche Börse Group, Q3/2011 Results, 28 October 2011 Xetra – Best Quarter In Terms Of Sales Revenue Since 2008 Business activity Cash market sales revenue (€m) Change vs. Q3/11 Q2/11 Q3/10 76.6 73.0 65.5 63.3 63.2 17.3 Xetra – electronic trading 18.7 16.2 5.4 20.1 16.7 5.4 Trades 75.9m 46% 68% 10.

7. Slide 7: Eurex – Significant Improvement Of Sales Revenue from Index Products

   Deutsche Börse Group, Q3/2011 Results, 28 October 2011 Eurex – Significant Improvement Of Sales Revenue from Index Products Combined With Strong US Options Performance Business activity (traded contracts in million) Eurex sales revenue (€m) Change vs. 275.1 Q3/11 Q2/11 Q3/10 36.1 230.0 218.9 Index 3

8. Slide 8: Clearstream – GSF Sales Revenue Reaches Highest Level Since Q4 2008

   Deutsche Börse Group, Q3/2011 Results, 28 October 2011 Clearstream – GSF Sales Revenue Reaches Highest Level Since The Fourth Quarter 2008 Business activity Clearstream revenue (€m) Change vs. 214.2 216.1 205.6 208.0 Q3/11 Q2/11 Q3/10 203.6 16.1 21.2 15.8 16.9 18.5 Assets under custody €10.9tr -3% +

9. Slide 9: Market Data & Analytics – Sales Revenue Growth Of 5 Percent Year-Over-Year

   Deutsche Börse Group, Q3/2011 Results, 28 October 2011 Market Data & Analytics – Sales Revenue Growth Of 5 Percent Year-Over-Year Sales revenue and EBIT (€m) Development of business activity  Less volatile revenue drivers compared to the trading businesses of Deutsche Börse: Number of data 61.3 pac

10. Slide 10: Q4/2011 – Development Of Business Activity In October 2011

    Deutsche Börse Group, Q3/2011 Results, 28 October 2011 Q4/2011 – Development Of Business Activity In October 2011 Xetra – Order book volume (€m)1 Eurex – Number of index contracts traded (m)1 4,946 4.0 4,451 +11% 2.7 +45% October 2010 October 2011 October 2010 October 2011 Eurex – Number of fixed in

11. Slide 11: Operating Efficiency – Guidance For Total Costs In 2011 Reduced By €15 Million

    Deutsche Börse Group, Q3/2011 Results, 28 October 2011 Operating Efficiency – Guidance For Total Costs In 2011 Reduced By €15 Million To €1,130 Million Transition reduced 2011 cost guidance (€m)1  Accelerated implementation of efficiency measures by further €15 million results in €130 million cost

12. Slide 12: Business Combination With NYSE Euronext – Additional Acceptance Period

    Deutsche Börse Group, Q3/2011 Results, 28 October 2011 Business Combination With NYSE Euronext – Additional Acceptance Period For Deutsche Börse Investors Until 4 November  In the additional exchange offer acceptance period that ended on August 1, 2011, 186.060.779 shares in Deutsche Börse have bee

13. Slide 13: Business Combination With NYSE Euronext – Regulatory Review Process

    Deutsche Börse Group, Q3/2011 Results, 28 October 2011 Business Combination With NYSE Euronext – Regulatory Review Process European commission review process Compelling case for clearance  5 October: DG Competition issues “Statement of  Tremendous benefits for end-users Objections”  Meaningful ye

14. Slide 14: Appendix

    Deutsche Börse Group, Q3/2011 Results, 28 October 2011 Appendix 13

15. Slide 15: Income Statement – Group Level

    Deutsche Börse Group, Q3/2011 Results, 28 October 2011 Income Statement – Group Level Quarter ended Quarter ended Nine months ended Nine months ended 30 September 2011 30 September 2010 30 September 2011 30 September 2010 Sales revenue 604.7 504.3 1,691.9 1,587.9 Net interest income from banking bus

16. Slide 16: Income Statement – Segmental Level

    Deutsche Börse Group, Q3/2011 Results, 28 October 2011 Income Statement – Segmental Level Xetra Eurex Clearstream Market Data & Analytics Q3/2011 Q3/2010 Q3/2011 Q3/2010 Q3/2011 Q3/2010 Q3/2011 Q3/2010 Sales revenue 76.6 63.3 275.1 196.0 194.9 189.8 58.1 55.2 Internal sales - - - - 1.7 1.5 10.8 6.9

Deutsche Börse — Q3 2011 Earnings Presentation on 6ix