Slide 1: Flow Traders Q223 & HY23 Results
TRADERS
Slide 2: Disclaimer
Disclaimer This presentation is prepared by Flow Traders Ltd. and is for information purposes only and the material contained in this document is provided ‘as is’. Itis not a recommendation to engage in investment activities and you must not rely on the content of this document when making any inves
Slide 3: Q223 & HY23 snapshot
Q223 & HY23 snapshot Q2 saw a subdued market trading environment across most regions and asset classes decreased by 26% y/y and by 22% in H123 vs H122 = Normalized operating expenses were €42.3m in Q223 vs. €49.7m in Q222 due to lower variable remuneration ETP Value Traded (€bn) Total Value Traded (
Slide 4: Decreased levels of ETP market activity in Q2
Decreased levels of ETP market activity in Q2 ETP Value Traded (€bn) * 15,085 10,948 10,666) 13,67 6 11640 nati 11349 0 9 9 FAG OSS 95 5 § RY eseeee2R8R R888 R FRAN SsagssGaggg5acss ETP AuM (€bn) ** 222 22 0422 23 0223 Ml Equity I Fixed Income I Commodities i other 5,616 5,479 4,237 4,936 3,962 "4,1
Slide 5: Fixed income and crypto market dynamics
Fixed income and crypto market dynamics TRACE volumes ($bn) HM Us High Grade Ml US High Yield BOND MARKET DEVELOPMENTS = US. Investment grade bond volumes increased in Q223 compared to Q222 but High Yield volumes decreased 2,708 1,928 1,935, = CDX spreads tightened in Q223 compared to Q222 = Corresp
Slide 6: Q223 & H123 regional performance overview
Q223 & H123 regional performance overview Europe Americas Asia Market ETP Value Traded (€bn) Flow ETP Value Traded (€bn) NTI (€m) Q223 Highlights Q222 Q223 H122 H123 H122 H123 H122 11,951 | il 8,164 Q222 Q223 H122 400 373 222. Q223 "Note: APAC market ETP value traded excludes China H123 H123 = Maint
Slide 7: Continued investment to drive strategic growth — headcount maintained
inued investment to drive strategic growth — heal ins maintained Normalized fixed operating expenses (€m)* Normalized EBITDA margin (%) FTEs Hl Employee expenses (fixed) Hl Technology expenses I other expenses MM Trading Ml Technology Ml Other 667 : : 624 6 ~— 839 B® 197 208 an 431 ' ' 19.2 ' ‘ : 23
Slide 8: Capital update
Capital update Shareholders’ Equity and Normalized ROE Trading capital 1,800 1,600 1,400 1,200 1,000 800 600 400 200 101% =®= Normalized ROE [I Shareholders’ Equity 54% 50% 36% 15%! B-Dec-15 3-Dec-16 31-Dec-17 3-Dec-18 31-Dec-19 31-Dec-20 31-Dec-21 31-Dec-22 30-lun-23 Note: Normalzed ROE calculated
Slide 9: Supportive mega trends remain intact
Supportive mega trends remain intact Four key trends continue to shape Flow Traders’ market environment, largely offering an increased market opportunity set Digital assets . Regulation Number of national regulations globally Nn ETP growth 2.5X Growth in AUM by 2030 LJ = Industry ETF AUM projected t
Slide 10: Key strategic objective
Key strategic objective Significant strategic achievements in 2023 to date with clear focus areas for the remainder of the year Deepen product coverage and MUNA seographic footprint Strategic FLOW TRADERS focus CCC: Crypto, currencies and commodities » to align with structural industry growth Expand
Slide 11: Flow Traders Strategic Capital - systematic strategic ecosystem approach
Flow Traders Strategic Capital - systematic strategic ecosystem approach Flow Traders invests in companies to build technology businesses that lead to innovation within global financial markets and align with our core business strategy i Investment focus: = Globally, with the goal to create greater
Slide 12: Q&A
Q&A Flow Traders | Q223 & HY23 Results 2
Slide 13: Thank you!
Thank you! FLOW TRADER S © ansterpam = CLUJ = HONGKONG © LONDON = MILAN © NEWYORK © PARIS © SHANGHAI © SINGAPORE
Slide 14: Flow Traders! Q223 & HY23 Results 4
Flow Traders! Q223 & HY23 Results 4
Slide 15: Unrecognized variable expenses schedule
Unrecognized variable expenses schedul Share plan has a different accounting treatment to the previous FCIP which creates an unrecognised variable expenses schedule 1023 charge 2025 charge 2026 charge ff balance liability 2026-25% 10% 2021 FCIP 2019 2020 variable remuneration Share awards 2026 -25%
Slide 16: Normalized income statement (unaudited)
rmalized income statement (unaudited) €million Q223 Q222 Change H123 H122 Change Normalized total income 473 86.2 (45%) 158.9 234.5 (32%) Normalized net trading income? 495 837 (41%) 159.9 232.1 (31%) EMEA 307 50.4 (39%) 887 158.8 (44%) Americas 96 18.6, (48%) 42.6 40.2 6% APAC 93 47 (37%) 287 33.0
Slide 17: IFRS income statement (unaudited)
IFRS income statement (unaudited) ‘emition 0223. Q222_ Change |=H3 HI22 change * Normalized EBITDA and margin are based on the relevant profit share percentage of operating result for the relevant financial perind withaut any IFRS 2 adjustments for share-based payments. The profit share oma ad G5) i
Slide 18: Recent monthly market updates
Recent monthly market updates (On & Off Exchange* Value Traded - Global (€bn) 3546 «8©63431 «= 2,894 4,715,328 4024 ~=—«4,244—S «3,623, 4,253 On & Off Exchange* Value Traded - EMEA (€bn) 168 162 133 218 173 158 184 164 187 ‘On & Off Exchange Value Traded - Americas (€bn) 2940 2,874 «= 2,350 4,015,75