Deutsche Boerse Ag · XETR:DB1
Deutsche Boerse — Deutsche Börse Group — FY2022 Earnings Presentation
14 slides from Deutsche Boerse's earnings presentation, Feb 9, 2023
Slide 1: Annual Press Conference FY 2022
Annual Press Conference FY 2022 Preliminary results 9 February 2023
Slide 2: Summary FY 2022 – preliminary results
Summary FY 2022 – preliminary results + 24% Net revenue increased to €4,338 million – due to continued secular growth and significant cyclical tailwinds. Net revenue growth Organic net revenue growth M&A contribution Structural + 7 % growth + 14% Cyclical growth 3 Growth from + % M&A + 24% EBITDA in
Slide 3: Implementation of Compass 2023: further improvement of our position and potential for sustainable growth
Implementation of Compass 2023: further improvement of our position and potential for sustainable growth Secular growth 1 as key pillar Consistent secular net revenue growth (+6% CAGR since 2019) as key pillar of growth strategy – irrespective of market environment M&A as reliable Reliable addition
Slide 4: Compass 2023: financial targets already achieved one year earlier
Compass 2023: financial targets already achieved one year earlier Net revenue | €bn EBITDA | €bn Compass 2023 Guidance: ~10% CAGR Guidance: ~10% CAGR Initial growth guidance ~10% CAGR (2019–2023): Actual: 14% CAGR Actual: 15% CAGR ▪ Net revenue (5% secular + 5% M&A) Original ▪ EBITDA target 4.3 ~4.3
Slide 5: Preliminary Group financials
Preliminary Group financials FY 2022 Net revenue | €m EBITDA | €m Cash EPS1) | € Notes +24% +24% +23% +21% (organic) +23% (organic) +23% (organic) ▪ FY 2022 results exceeded annual guidance 4,338 8.61 ▪ Strong double-digit growth in net revenue, EBITDA and Cash EPS 3,510 6.98 ▪ Increase
Slide 6: Data & Analytics
Data & Analytics FY 2022 Net revenue | €m EBITDA | €m Business development +35% +7% +32% (excl. book gain) ▪ Continuous growth from the strong demand for ESG products ▪ Growth from increase in number of 652 clients 122 Other1) ▪ Tailwinds from stronger US Dollar 483 ▪ Book gain due to higher v
Slide 7: Trading & Clearing
Trading & Clearing FY 2022 Net revenue | €m EBITDA | €m Business development +21% +23% Financial derivatives ▪ Increase of trading volumes for 2,187 interest rate derivatives 133 ▪ Growth in OTC clearing Foreign exchange 1,809 344 Cash equities Commodities 108 ▪ Growth from hedging against risin
Slide 8: Fund Services
Fund Services FY 2022 Net revenue | €m EBITDA | €m Business development – 2% –20% +10% (excl. book gain) – 6% (excl. book gain) ▪ Growth driven by continued onboarding of new clients and funds 382 376 Book gain 40 ▪ Additional net revenue and higher 75 Other1) operating costs due to 62 conso
Slide 9: Securities Services
Securities Services FY 2022 Net revenue | €m EBITDA | €m Business development +34% +59% ▪ Growth from higher fixed income issuance ▪ Increase of collateral management 1,123 revenues 173 Other1) ▪ Proceeds of ~€50 million from 835 divestiture of REGIS-TR 260 Net interest income 139 730 ▪ Increase
Slide 10: Dividend proposal
Dividend proposal FY 2022 Dividend per share and pay-out | € Capital management policy ▪ Planned distribution of 40%–60% of annual net profit to share- holders in form of the regular dividend +13% 3.60 ▪ Reinvestment of remaining free cash into the business to support M&A 3.20 2.90 3.00 strategy 44%
Slide 11: Strategic partnership with Google Cloud to drive technological innovation
Strategic partnership with Google Cloud to drive technological innovation Not including: Including: ▪ Focus aimed at innovation and creation of new technologies and ▪ Mere infrastructure transaction new markets ▪ Joint development and building of innovation topics involving the ▪ Restructuring / mod
Slide 12: Outlook
Outlook FY 2023 Net revenue | €bn EBITDA | €bn Guidance 2023 ▪ Net revenue: €4.5 – 4.7 bn ▪ EBITDA: €2.6 – 2.8 bn 2023 target: 4.5 – 4.7 ▪ Guidance mainly based on 4.3 continued secular growth 3.5 ▪ Range based on different potential 2023 target: cyclical scenarios against high comparables 2.6 – 2.8
Slide 13: Annual Press Conference FY 2022
Annual Press Conference FY 2022 Preliminary results 9 February 2023
Slide 14: Disclaimer
Disclaimer © Deutsche Börse Group 2023 Trademarks This publication is for informational purposes only. None of the information in this publication The following names and designations are registered trademarks of Deutsche Börse AG or an affiliate constitutes investment advice and does not constitute