Deutsche Boerse Ag · XETR:DB1

Deutsche Boerse — Deutsche Börse Group — Investor Day (June 2015)

84 slides from Deutsche Boerse's investor day presentation, Jun 2, 2015

  1. Slide 1: Investor Day 2015 London

    Investor Day 2015 London 2 June 2015

  2. Slide 2: Agenda

    Investor Day 2 June 2015 Deutsche Börse Group 1 Agenda 10.00 a.m. Group overview  Carsten Kengeter, CEO  Gregor Pottmeyer, CFO Xetra / Eurex – Cash & derivatives markets  Andreas Preuss, Deputy CEO Q&A session 12.00 noon Lunch break 1.00 p.m. Clearstream – Post-trade  Jeffrey Tessler, Member of

  3. Slide 3: Agenda

    Investor Day 2 June 2015 Deutsche Börse Group 2 Agenda Group overview Xetra / Eurex – Cash & derivatives markets Clearstream – Post-trade Market Data + Services

  4. Slide 4: Profound Changes In Environment For Market Infrastructures Provide Opportunities

    Investor Day > Group overview 2 June 2015 Deutsche Börse Group 3 Profound Changes In Environment For Market Infrastructures Provide Opportunities For Deutsche Börse Group I.I Slow pace of economic recovery …  … elevates role of central banks, …  … and implies low rates for longer, …  … which fuel

  5. Slide 5: Market Environment – Low Interest Rates Fuel Growth Of Total Debt

    Investor Day > Group overview 2 June 2015 Deutsche Börse Group 4 I Market Environment – Low Interest Rates Fuel Growth Of Total Debt In Particular By Government And Corporate Issuers Central bank rates1 Major central banks balance sheets2 % US$tr 15 6 FED fund rate 4 FED 4 ECB ECB deposit facility 2

  6. Slide 6: Changing Regulation / Market Structure – Post Crisis Wave Of Regulation

    Investor Day > Group overview 2 June 2015 Deutsche Börse Group 5 II Changing Regulation / Market Structure – Post Crisis Wave Of Regulation Has Significant Implications For Entire Financial Industry Wave of post crisis regulatory … results in pressure on ROE … will lead to further electronifica- cha

  7. Slide 7: Changing Client Profiles / Share Of Wallet – Shift Towards Buy-Side And Passive

    Investor Day > Group overview 2 June 2015 Deutsche Börse Group 6 III Changing Client Profiles / “Share Of Wallet” – Tectonic Shift Towards Buy-Side And Passive Investments In Full Motion Securities revenue pools1 Active vs passive2 Key influences US$tr  Post crisis wave of regulatory Active changes

  8. Slide 8: Geopolitical Shifts – Balance Of Power Shifting Towards Asia

    Investor Day > Group overview 2 June 2015 Deutsche Börse Group 7 IV Geopolitical Shifts – Balance Of Power And Economic Importance Is Shifting Towards Asia Bonds outstanding1 Domestic equity market capitalisation2 US 42% 43% US 49% 42% Asia-Pacific 21% Asia-Pacific 24% 23% 33% Europe Europe 34% 30%

  9. Slide 9: Deutsche Börse Group Is Well Positioned To Benefit From Structural Changes

    Investor Day > Group overview 2 June 2015 Deutsche Börse Group 8 Deutsche Börse Group Is Well Positioned To Benefit From Structural Changes In The Industry Our strengths … … our development potential Increase customer focus and Business model – develop partnerships with most complete in the industry

  10. Slide 10: Deutsche Börse Has Delivered Attractive Returns And Maintained Stability

    Investor Day > Group overview 2 June 2015 Deutsche Börse Group 9 Deutsche Börse Has Delivered Attractive Returns And Maintained Stability Through Challenging Market Environment €bn 2001: IPO of 2007: Acquisition 2011: Majority 2012: Full ISIN: DE0005810055 Deutsche Börse of ISE stake in EEX acquisit

  11. Slide 11: Deutsche Börse Group Transformed Into A Diversified Full-Service Market Infrastructure Provider

    Investor Day > Group overview 2 June 2015 Deutsche Börse Group 10 Deutsche Börse Group Transformed Into A Diversified Full–Service Market Infrastructure Provider Segmental revenue breakdown Share of non-transaction-related revenue 8% CAGR €0.8bn €2.0bn Transaction- 48% related 35% 39% Eurex 75% 8% X

  12. Slide 12: Strong Position In Each Reporting Segment With Cross-Divisional Themes

    Investor Day > Group overview 2 June 2015 Deutsche Börse Group 11 Strong Position In Each Reporting Segment With Increasing Focus On Cross-Divisional Themes Eurex Clearstream  #1 derivatives market in Europe  Leading global post-trade provider with  #3 derivatives market world-wide international

  13. Slide 13: Business Model Of Deutsche Börse Serves As Role Model

    Investor Day > Group overview 2 June 2015 Deutsche Börse Group 12 Business Model Of Deutsche Börse Serves As Role Model Cash market Eurex / Xetra Derivatives market Clearing Settlement Clearstream Custody Collateral management Market data Market Data + Services Indices Technology

  14. Slide 14: Partnerships And Complementary M&A Are Part Of Strategy Implementation

    Investor Day > Group overview 2 June 2015 Deutsche Börse Group 13 Partnerships And Complementary M&A Are Part Of Strategy Implementation To Further Enhance Growth Trajectory 2010 2011 2012 2013 2014 2015 STOXX: index business (majority stake) REGIS-TR: trade repository (JV with Iberclear) LuxCSD: de

  15. Slide 15: Cyclical Recovery In Equity Related Products And Structural Growth Underpin Volume Uplift

    Investor Day > Group overview 2 June 2015 Deutsche Börse Group 14 Cyclical Recovery In Equity Related Products And Structural Growth Underpin Volume Uplift Since Q4/2014 Eurex – index derivatives Eurex – commodities (power and gas) +25% +19% +165% +119% 217 213 1,032 171 174 178 168 151 149 145 708

  16. Slide 16: Volume Uplift Resulted In Favourable Net Revenue And EBIT Development

    Investor Day > Group overview 2 June 2015 Deutsche Börse Group 15 Volume Uplift Resulted In Favourable Net Revenue And EBIT Development Net revenue development EBIT development €m €m +24% +16% +24% +16% 600 319 544 517 274 497 491 496 266 484 473 258 458 243 237 224 233 206 Q1/13 Q2/13 Q3/13 Q4/13 Q

  17. Slide 17: Net Revenue Fully On Track To Achieve Mid-Term Growth Target

    Investor Day > Group overview 2 June 2015 Deutsche Börse Group 16 Net Revenue Fully On Track To Achieve Mid-Term Growth Target Mid-term net revenue development €m Mid-term target under review +8–17% ~2,300– +7% 2,700 ~2,200– 2,400 1) Product innovation 2,043 2) Structural growth 1,912  OTC clearing

  18. Slide 18: Effective Cost Management And Attractive Capital Management

    Investor Day > Group overview 2 June 2015 Deutsche Börse Group 17 Effective Cost Management And Attractive Capital Management Complement Expected Top-Line Growth Effective cost management Attractive capital management  Three efficiency programmes since 2007 Capital management compensated inflation

  19. Slide 19: Capital Management – Capital Requirements Driven By Operational Risks

    Investor Day > Group overview 2 June 2015 Deutsche Börse Group 18 Capital Management – Capital Requirements Are Largely Driven By Operational Risks Eurex Clearing AG (regulatory requirements) Clearstream Holding group (regulatory requirements) 31 Dec 2014; €82 million 31 Dec 2014; €359 million Marke

  20. Slide 20: Risk Management – Risk Profile Dominated By Operational Risk

    Investor Day > Group overview 2 June 2015 Deutsche Börse Group 19 Risk Management – In Contrast To Banks, Deutsche Börse Group’s Risk Profile Is Dominated By Operational Risk Risk profile of a global bank1 vs. Deutsche Börse Regulatory capital requirements Global bank Deutsche Börse Group  In contr

  21. Slide 21: Risk Management – Risk Strategy Is Based On Three Principles

    Investor Day > Group overview 2 June 2015 Deutsche Börse Group 20 Risk Management – Risk Strategy Is Based On Three Principles 1) Risk appetite Capital is expected to be exhausted no more than once in 5,000 years (99.98% VaR); an operating loss may occur no more than once every hundred years (99.0%

  22. Slide 22: Risk Management – Counterparty Risk In The Clearing House

    Investor Day > Group overview 2 June 2015 Deutsche Börse Group 21 Risk Management – Counterparty Risk In The Clearing House Effectively Managed By Collateralisation And Lines Of Defense Lines of defense of clearing house Risk management position in 2014 €bn 1. Liquidation of open positions Close-out

  23. Slide 23: Risk Management – Risk Profile / Characteristics

    Investor Day > Group overview 2 June 2015 Deutsche Börse Group 22 Risk Management – Risk Profile / Characteristics  The Group’s risk profile is mainly characterised by operational Extensive track record risks; its transaction-based business model is very distinct from for system reliability the bus

  24. Slide 24: Agenda

    Investor Day 2 June 2015 Deutsche Börse Group 23 Agenda Group overview Xetra / Eurex – Cash & derivatives markets Clearstream – Post-trade Market Data + Services

  25. Slide 25: Cash & Derivatives Markets – Comprehensive Offering In Trading & Clearing Services

    Investor Day > Xetra / Eurex 2 June 2015 Deutsche Börse Group 24 Cash & Derivatives Markets – Comprehensive Offering In Trading & Clearing Services 1 2 3 4 5 Trading Products  Equities  Equity-Index derivatives  Euro Repo®  Energy Spot  US equity,  ETFs / ETNs  Equity derivatives  GC Pooling

  26. Slide 26: Cash & Derivatives Markets – Key Figures

    Investor Day > Xetra / Eurex 2 June 2015 Deutsche Börse Group 25 Cash & Derivatives Markets – Key Figures Order book turnover: €107 billion1,2 Trading value: €7,723 billion2 Trading Fourth largest cash market in Europe Third largest derivatives market in the world Number tradable / listed products:

  27. Slide 27: Cash Market – Net Revenue / EBIT Growth Continues 2015

    Investor Day > Xetra / Eurex 2 June 2015 Deutsche Börse Group 26 1 Cash Market – Net Revenue / EBIT Growth Continues 2015 Development of net revenue and EBIT Breakdown of net revenue by product €m Q1/2015; €49 million Net revenue1 EBIT2 Other Listing3 9% 317 6% Bonds / Funds ETFs 2% 5% Warrants 5% 4

  28. Slide 28: Cash Market – Number Of Trades And Turnover Drive Revenue

    Investor Day > Xetra / Eurex 2 June 2015 Deutsche Börse Group 27 1 Cash Market – Number Of Trades And Turnover Drive Revenue; 77 Per cent Of Turnover Generated Outside Of Germany Development of cash market volumes1 Turnover breakdown by member country Number of Xetra trades (m) Q1/2015; €790 billion

  29. Slide 29: Cash Market – Strong Position In German Blue Chips

    Investor Day > Xetra / Eurex 2 June 2015 Deutsche Börse Group 28 1 Cash Market – Strong Position In German Blue Chips; Migration Of OTC Order Flow Yields Growth Potential Market share development German blue chips Q1/2015 Description and outlook 1) DAX® on Xetra and other pan- 2) DAX on Xetra, other

  30. Slide 30: Cash Market – Deutsche Börse Venture Network Product Launch

    Investor Day > Xetra / Eurex 2 June 2015 Deutsche Börse Group 29 1 Cash Market – Product Innovation Deutsche Börse Venture Network: Product Launch In June 2015 Deutsche Börse Venture Network  Compared to North America, venture capital investments in Europe have a strong upside potential in relation

  31. Slide 31: Derivatives Market – Good Start Into 2015

    Investor Day > Xetra / Eurex 2 June 2015 Deutsche Börse Group 30 2 Derivatives Market – Good Start Into 2015 Development of net revenue and EBIT Breakdown of net revenue by product €m Net revenue1 Q1/15; €248 million 975 EBIT2 Other3 845 803 Repo 9% 778 787 768 741 4% Commodities European 15% 41% in

  32. Slide 32: Derivatives Market – Number Of Contracts Traded Drives Revenue

    Investor Day > Xetra / Eurex 2 June 2015 Deutsche Börse Group 31 2 Derivatives Market – Number Of Contracts Traded Drives Revenue; 92 Percent Of Volume Generated Outside Germany Development of derivatives market volumes Eurex volume by member country Number of Eurex trades1 (m) Q1/15; 832 million tr

  33. Slide 33: Derivatives Market – Competitive Position And Market Trends

    Investor Day > Xetra / Eurex 2 June 2015 Deutsche Börse Group 32 2 Derivatives Market – Market Environment: Competitive Position And Market Trends Key developments  Unfavourable market conditions especially for derivatives persist – record low interest rates while market volatility picked up end 20

  34. Slide 34: Derivatives Market – Eurex Group Business Model: Four Success Factors

    Investor Day > Xetra / Eurex 2 June 2015 Deutsche Börse Group 33 2 Derivatives Market – Eurex Group Business Model: Combination Of Four Success Factors Drives Competitive Position  Develop and maintain  Grow network – liquidity pools Global distribution reach  Leading benchmark products – I II 

  35. Slide 35: Derivatives Market – Strategic Objectives

    Investor Day > Xetra / Eurex 2 June 2015 Deutsche Börse Group 34 2 Derivatives Market – Strategic Objectives: Three Elements To Grow The Business; Protect And Innovate Equally Important Success factors Strategic objectives  Innovation in existing asset classes – I Expand asset class coverage – Home

  36. Slide 36: Expand Asset Class Coverage – New Products Contribute To Top-line Growth

    Investor Day > Xetra / Eurex 2 June 2015 Deutsche Börse Group 35 2 I Expand Asset Class Coverage – New Products Increasingly Contribute To Top-line Growth Net revenue contribution of new products1 Product innovations since 2009 Existing asset classes €m; monthly average  Index derivatives: MSCI der

  37. Slide 37: Asia Market Entry – Become Asian Market Operator

    Investor Day > Xetra / Eurex 2 June 2015 Deutsche Börse Group 36 2 II Asia Market Entry – Become Asian Market Operator To Participate In Growth Markets Mid Term Since 2008 2015 2016 onwards European products, Dedicated product European products, Asian products, PRODUCTS Europ./ US market hours devel

  38. Slide 38: Asia Market Entry – Core Initiatives To Promote Asia Business Development

    Investor Day > Xetra / Eurex 2 June 2015 Deutsche Börse Group 37 2 II Asia Market Entry – Core Initiatives To Promote Asia Business Development Eurex Asia China Europe International Exchange  Expand derivatives market offering to Asian time  Joint venture of Shanghai Stock Exchange zone – local ma

  39. Slide 39: Complete Clearing Value Proposition – New Regulation Increases Capital Requirements

    Investor Day > Xetra / Eurex 2 June 2015 Deutsche Börse Group 38 2 III Complete Clearing Value Proposition – New Regulation Increases Capital Requirements And Collateral Demand Regulatory framework Topic Impact sell- and buy-side  Deepened capital requirements  Higher costs due to increased capita

  40. Slide 40: Innovative Clearing Solutions Contribute To Market Safety And Integrity

    Investor Day > Xetra / Eurex 2 June 2015 Deutsche Börse Group 39 2 III Innovative Clearing Solutions Contribute To Market Safety And Integrity, Increasing Efficiency At The Same Time Integrated CCP offering Value proposition Selected clearing services  Single legal cross-product netting set Capital

  41. Slide 41: Number Of Clearing Members And Registered Customers Increased

    Investor Day > Xetra / Eurex 2 June 2015 Deutsche Börse Group 40 2 III Number Of Clearing Members And Registered Customers Increased; Constant Activity With Open Interest Starting To Build 1 2 Key Achievements EurexOTC Clear Clearing Members Registered Customers  Number of Clearing Members increase

  42. Slide 42: Eurex Clearing Service For Securities Lending Delivers Capital Benefits

    Investor Day > Xetra / Eurex 2 June 2015 Deutsche Börse Group 41 2 III Eurex Clearing Service For Securities Lending Delivers Capital Benefits While Embedded In Existing Market Structure 1 2 Securities Lending Services Bilateral Market Electronic Trading  Supports securities lending executed on an

  43. Slide 43: Eurex Repo – Continuous Net Revenue Growth

    Investor Day > Xetra / Eurex 2 June 2015 Deutsche Börse Group 42 3 Eurex Repo – Continuous Net Revenue Growth While Market Conditions Deteriorate With Record Low Interest Rates In Europe Development of net revenue Breakdown of net revenue by market €m1 2014; €38 million 38 35 32 Other currencies 30

  44. Slide 44: EEX Group – Majority Acquisition Of EEX Expands Asset Class Coverage

    Investor Day > Xetra / Eurex 2 June 2015 Deutsche Börse Group 43 4 EEX Group – Majority Acquisition Of EEX Expands Eurex’ Asset Class Coverage To Energy / Commodities; Attractive Revenue Growth Development of sales revenue and EBT €m  Majority acquisition of EEX in 2011: asset class Revenue +19% ex

  45. Slide 45: EEX Group – Integration Of APX Group Into EPEX SPOT

    Investor Day > Xetra / Eurex 2 June 2015 Deutsche Börse Group 44 4 EEX Group – Integration Of APX Group Into EPEX SPOT Creates Pan-European Power Spot Exchange Group structure post transaction Transaction highlights EEX Group HGRT  Transfer of 100% of APX shares (Amsterdam Power Exchange) into EPEX

  46. Slide 46: International Securities Exchange (ISE) – Stable Net Revenue In Q1/2015

    Investor Day > Xetra / Eurex 2 June 2015 Deutsche Börse Group 45 5 International Securities Exchange (ISE) – Stable Net Revenue In Q1/2015 In Competitive Market Environment Development of net revenue Breakdown of net revenue by product €m Q1/15; €35 million 169 ISE membership 160 fees, market 151 da

  47. Slide 47: International Securities Exchange (ISE) – Well Positioned In Competitive Environment

    Investor Day > Xetra / Eurex 2 June 2015 Deutsche Börse Group 46 5 International Securities Exchange (ISE) – Well Positioned In Highly Competitive Environment Key developments  The US options industry is more competitive than ever with 12 exchanges currently competing for order flow and two additio

  48. Slide 48: Cash & Derivatives Markets – Summary

    Investor Day > Xetra / Eurex 2 June 2015 Deutsche Börse Group 47 Cash & Derivatives Markets – Summary Key messages Comprehensive offering in cash and derivatives markets – good start for our businesses into 2015 Cash Market product innovation Deutsche Börse Venture Network – new product launch Eurex

  49. Slide 49: Agenda

    Investor Day 2 June 2015 Deutsche Börse Group 48 Agenda Group overview Xetra / Eurex – Cash & derivatives markets Clearstream – Post-trade Market Data + Services

  50. Slide 50: Clearstream At A Glance

    Investor Day > Clearstream 2 June 2015 Deutsche Börse Group 49 Clearstream At A Glance The only global Central Securities Depository positioned at the core of an exchange group  “AA” rated by Standard & Poor’s and Fitch Clearstream Clearstream  Offers services to around 2,500 customers including B

  51. Slide 51: Clearstream Has A Strong And Sustainable Business Model

    Investor Day > Clearstream 2 June 2015 Deutsche Börse Group 50 Clearstream Has A Strong And Sustainable Business Model Centered On Key Attractive And Complementary Services Clearstream services Revenue by customer types 6% 12% Global Custody Securities Services 12% Financing Central banks Commercial

  52. Slide 52: Clearstream Numbers Show Strong Revenue Growth And Cost Discipline

    Investor Day > Clearstream 2 June 2015 Deutsche Börse Group 51 Clearstream Numbers Show Strong Revenue Growth And Cost Discipline Net revenue, cost and EBIT development1 Breakdown of net revenue by activity2 €m €m 844 NII:237 +7% 687NII:97 695 NII:75 698 NII:33 505 655NII:59 650 NII:52 654NII:36 200

  53. Slide 53: Consistently Strong Performance; Momentum Picking Up Now

    Investor Day > Clearstream 2 June 2015 Deutsche Börse Group 52 Consistently Strong Performance; Momentum Picking Up Now Net revenue w/o interest income Transactions and cash balances Assets under custody1 €m Settlement transactions (m) Cash balances (€bn) €tr +2% CAGR +2% CAGR +9% CAGR +8% +3% +5% 1

  54. Slide 54: Strategy And Service Offering Built On Customer Key Priorities

    Investor Day > Clearstream 2 June 2015 Deutsche Börse Group 53 Strategy And Service Offering Built On Customer Key Priorities Cornerstones of the strategy  Leverage T2S to boost settlement liquidity, increase the appeal of collateral management and custody products and position Clearstream’s unique

  55. Slide 55: Settlement – Higher Volume Across Asset Classes And Markets

    Investor Day > Clearstream 2 June 2015 Deutsche Börse Group 54 Settlement – Higher Volume Across Asset Classes And Markets, Reflecting Positive Market Developments Settlement net revenue Settlement volumes Outlook and opportunities €m1 Domestic International m2 Domestic International  Progress on T

  56. Slide 56: Custody – Significant Inflow Of Assets And Increased Valuation

    Investor Day > Clearstream 2 June 2015 Deutsche Börse Group 55 Custody – Significant Inflow Of Assets And Increased Valuation Of Assets Under Custody, Reflecting Recovery On Key Markets Custody net revenue Assets under custody Outlook and opportunities €m1 Domestic International €tr2 Domestic Intern

  57. Slide 57: Global Securities Financing (GSF) – Maintaining Leadership Through Innovation

    Investor Day > Clearstream 2 June 2015 Deutsche Börse Group 56 Global Securities Financing (GSF) – Maintaining Leadership Through Innovation And Increasing Market Relevance GSF net revenue1 GSF volumes outstanding1 Outlook and opportunities €m LMS Xemac Repo €bn2 LMS Xemac Repo  As per T2S strategy

  58. Slide 58: Investment Fund Services (IFS) – Rapid Growth

    Investor Day > Clearstream 2 June 2015 Deutsche Börse Group 57 Investment Fund Services (IFS) – Rapid Growth Combined With Continuous Improvement In Service Enhancement IFS net revenue Breakdown of net revenue Outlook and opportunities €m1 Q1/15 Custody  Bring the benefits of T2S to the 45% 2% 32 i

  59. Slide 59: Clearstream Is A Clear Leader In Its Industry

    Investor Day > Clearstream 2 June 2015 Deutsche Börse Group 58 Clearstream Is A Clear Leader In Its Industry Many competitors attempt to replicate Clearstream's combination of services Collateral management Banking services Investment fund services CSD No Full Degree of service coverage Recent Devel

  60. Slide 60: Clearstream Has A Much Higher Profitability Compared To Its Peers

    Investor Day > Clearstream 2 June 2015 Deutsche Börse Group 59 Clearstream Has A Much Higher Profitability Compared To Its Peers Profitability comparison1 700 647 50% 42% Collateral 600 40% management 500 449 30% 30% 400 30% Banking 300 20% services 196 193 189 200 10% 100 59 Investment fund service

  61. Slide 61: Leading Market Position: Services Contribute To Capital Market Union

    Investor Day > Clearstream 2 June 2015 Deutsche Börse Group 60 Leading Market Position: Regulatory Agenda, Clearstream’s Services Contribute To Capital Market Union (CMU) Clearstream initiatives and services benefit from/ contribute to CMU changes and resulting market trends T2S strategy Global Secu

  62. Slide 62: Leading Market Position: T2S Enables Volume Consolidation

    Investor Day > Clearstream 2 June 2015 Deutsche Börse Group 61 Leading Market Position: T2S Enables Clearstream To Benefit From Volume Consolidation Among Participating Markets Pre-T2S  TARGET2-Securities (T2S) is a central technical platform for securities settlement in Euro and foreign currency i

  63. Slide 63: Leading Market Position: T2S Related Offering More Developed Than Next Best

    Investor Day > Clearstream 2 June 2015 Deutsche Börse Group 62 Leading Market Position: Clearstream's T2S Related Offering Is More Developed And Better Articulated Than Next Best Clearstream T2S strategy statement Euroclear T2S offering  Clearstream represents 39%1 of T2S future  Euroclear represe

  64. Slide 64: Leading Market Position: Clearstream Long Established In Asia

    Investor Day > Clearstream 2 June 2015 Deutsche Börse Group 63 Leading Market Position: Clearstream Is Long Established In Asia; Regional Revenues And Offering Is Growing Asia achievements 2014  Client relations: Securing strong market share among regional central bank; significant progress in capt

  65. Slide 65: Key Clearstream Messages

    Investor Day > Clearstream 2 June 2015 Deutsche Börse Group 64 Key Clearstream Messages 2014 was another year of growth for Clearstream across all services, asset classes and 1 markets; Q1/2015 provides confirmation of the strategic direction pursued in the last years A key factor in Clearstream’s c

  66. Slide 66: Agenda

    Investor Day 2 June 2015 Deutsche Börse Group 65 Agenda Group overview Xetra / Eurex – Cash & derivatives markets Clearstream – Post-trade Market Data + Services

  67. Slide 67: Fintech Data + Services – Attractive For Investors

    Investor Day > Market Data + Services 2 June 2015 Deutsche Börse Group 66 Fintech Data + Services – Attractive For Investors Revenue drivers External revenue 2014 by customer base contribution EBIT margin % of revenues Sticky, recurring 1 50% revenues 30% by number of subscriptions 10% by asset unde

  68. Slide 68: Digitization – Solid Market With Appealing Growth Pockets

    Investor Day > Market Data + Services 2 June 2015 Deutsche Börse Group 67 Digitization – Solid Market With Appealing Growth Pockets 27% forecasted growth p.a. of Big data market from 2013 to 20173 22% forecasted growth p.a. of FinTech SaaS market from 2014 to 20174 3.4% product growth 15% in finance

  69. Slide 69: Deutsche Börse As A Pioneer In Digital Finance And Big Data

    Investor Day > Market Data + Services 2 June 2015 Deutsche Börse Group 68 Deutsche Börse As A Pioneer In Digital Finance And Big Data 1989 2001 2002 First fully High volume First European electronic electronic data electronic market 2013 derivatives feed - CEF for ETFs exchange - DTB Launch of Marke

  70. Slide 70: New Segment Helps Capital Market Participants To Be Digital

    Investor Day > Market Data + Services 2 June 2015 Deutsche Börse Group 69 New Segment Helps Capital Market Participants To Be ‘Digital’ Digital investing DIGITAL FINANCE Digital trading Digital transaction processing Digital asset servicing Information = IP Market Data + Services Technology = Deploy

  71. Slide 71: Four Service Lines Offered To Fuel Digital Transformation

    Investor Day > Market Data + Services 2 June 2015 Deutsche Börse Group 70 Four Service Lines Offered To Fuel Digital Transformation Information Index Tools Market Solutions Feed capital market Provide rule based Provide software and Extend GDB’s participants with investment strategies, network compo

  72. Slide 72: After Successful Integration, Accelerated Growth In Q1/2015

    Investor Day > Market Data + Services 2 June 2015 Deutsche Börse Group 71 After Successful Integration, Accelerated Growth In Q1/2015 Opportunistic Consolidation Execution Net revenue (€m)1 Net revenue (€m)1 Net revenue (€m)1 +19% w/o exep. +0% +6%2 +10%3 112 395 399 381 94 371 366 Market data 242 2

  73. Slide 73: MD+S On Track To Deliver Aspired Revenue Levels For 2017

    Investor Day > Market Data + Services 2 June 2015 Deutsche Börse Group 72 MD+S On Track To Deliver Aspired Revenue Levels For 2017 Aspired net revenue growth 2013-2017 (€m) Q1/2015 2013 2017 25 up to 50 Organic opportunities up to 75 in total  Advanced analytics up to 10 I Information  Big data ap

  74. Slide 74: Information – Services For Digital Trading

    Investor Day > Market Data + Services 2 June 2015 Deutsche Börse Group 73 I Information – Services For Digital Trading Product structure Market situation Net revenue 2014: €148.6 million  Cost pressure on sell-side banks leads to stagnating 11% subscriber base  Limited competition (BATS Chi-X) onl

  75. Slide 75: Information – Growth In Analytics And Non-Exchange Content

    Investor Day > Market Data + Services 2 June 2015 Deutsche Börse Group 74 I Information – Growth In Analytics And Non-Exchange Content From data to analytics  Create analytics based on proprietary order book data of GDB and partners  Develop an open high-performance platform enabling self-service

  76. Slide 76: Index – Services For Digital Investing And Issuing

    Investor Day > Market Data + Services 2 June 2015 Deutsche Börse Group 75 II Index – Services For Digital Investing And Issuing Product structure Market Growthsituation potential Net revenue 2014: €90.4 million 4%  Migration from active to passive investing drives Benchmark Benchmark datadata licen

  77. Slide 77: Index – Growth In Smart Strategies And New Asset Classes

    Investor Day > Market Data + Services 2 June 2015 Deutsche Börse Group 76 II Index – Growth In Smart Strategies And New Asset Classes From blue chip indices to advanced smart beta multi asset indexing  Upgrade indexing to passive investment strategy solutions improving asset allocation  Example: S

  78. Slide 78: Tools – Services For Digital Transaction Support

    Investor Day > Market Data + Services 2 June 2015 Deutsche Börse Group 77 III Tools – Services For Digital Transaction Support Product structure Market Growthsituation potential Net revenue 2014: €108.3 million  Connectivity market mainly driven by the bandwidth used by clients 17%  Limited furthe

  79. Slide 79: Tools – Growth In Digital Business Processes + Service Hubs

    Investor Day > Market Data + Services 2 June 2015 Deutsche Börse Group 78 III Tools – Growth In Digital Business Processes + Service Hubs From connectivity to digital business processes  Provide scalable platforms to help standardize and automate complex and critical post-trade processes of members

  80. Slide 80: Market Solutions – Services For Digital Operations

    Investor Day > Market Data + Services 2 June 2015 Deutsche Börse Group 79 IV Market Solutions – Services For Digital Operations Product structure Market Growthsituation potential Net revenue 2014: €33.5 million  Overall mood for outsourcing and utilities is very 6% positive due to pressure on balan

  81. Slide 81: Market Solutions – Growth In Business Process Outsourcing

    Investor Day > Market Data + Services 2 June 2015 Deutsche Börse Group 80 IV Market Solutions – Growth In Business Process Outsourcing And Alternative Markets From Infrastructure-Outsourcing to BPO  Provide value-add level platform or business services rather than infrastructure only  Example: Pla

  82. Slide 82: Summary

    Investor Day > Market Data + Services 2 June 2015 Deutsche Börse Group 81 Summary With the transformation to digital finance effective deployment of data and technology has become a key value driver for market participants Deutsche Börse Group has always been a pioneer in digital finance and big dat

  83. Slide 83: Financial Calendar And Contact Details

    Investor Day 2 June 2015 Deutsche Börse Group 82 Financial Calendar And Contact Details Financial calendar Contact details 27 Jul 2015 Interim report Q2/2015 Deutsche Börse AG 28 Jul 2015 Conference call Q2/2015 Investor Relations 28 Oct 2015 Interim report Q3/2015 Mergenthalerallee 61 29 Oct 2015 C

  84. Slide 84: Disclaimer

    Investor Day 2015 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

Deutsche Börse Group — Investor Day (June 2015) on 6ix