Deutsche Boerse Ag · XETR:DB1
Deutsche Boerse — Deutsche Börse Group — Q3 2017 Earnings Presentation
12 slides from Deutsche Boerse's earnings presentation, Oct 27, 2017
Slide 1: Q3/2017 Results Analyst and Investor Conference Call
Q3/2017 Results Analyst and Investor Conference Call 27 October 2017
Slide 2: Summary Q3/2017 results presentation
Q3/2017 Results 27 October 2017 Deutsche Börse Group 1 Summary Q3/2017 results presentation Trends of the first half year continued in Q3/2017; secular net revenue increased as planned (+5%), but continued low equity market volatility resulted in an overall decline of cyclical net revenue (-2%).
Slide 3: Q1-3/2017 – Group financials
Q3/2017 Results 27 October 2017 Deutsche Börse Group 2 Q1-3/2017 – Group financials Net revenue Operating costs1,2 EBITDA1 Net income1 €m €m €m €m +3% 1,770 1,823 +5% 1,093 1,036 0% 739 738 +5% 631 663 Q1-3/16 Q1-3/17 Q1-3/16 Q1-3/17 Q1-3/16 Q1-3/17 Q1-3/16 Q1-3/17 1) Adjusted for exceptional items
Slide 4: Q3/2017 – Group financials
Q3/2017 Results 27 October 2017 Deutsche Börse Group 3 Q3/2017 – Group financials Development of key financials in Q3/2017 €m Revenue Net revenue Costs1,2 EBITDA1 Net income1 Net revenue: €576.3m (+3% y-o-y) Net interest income: €32.1m (+44% y-o-y) +3% Total costs Operating costs1,2: €247.4m (
Slide 5: Q3/2017 – Eurex
Q3/2017 Results 27 October 2017 Deutsche Börse Group 4 Q3/2017 – Eurex Business activity Q3/2017 y-o-y Net revenue Financial derivatives (traded contracts in m) €m -3% Equity 47.6 -20% 268 267 263 Fixed income 128.8 12% 23 24 23 Index 183.0 -7% 228 17 17 16 221 21 19 Others1 Total 359.5 -3% 16 54 61
Slide 6: Q3/2017 – Xetra
Q3/2017 Results 27 October 2017 Deutsche Börse Group 5 Q3/2017 – Xetra Business activity Q3/2017 y-o-y Net revenue Order book volume in €bn1 €m +9% +16% 353 43 43 43 40 41 4 Partner 4 4 303 4 markets 4 3 3 4 3 Listing 5 8 9 9 CCP 8 7 26 28 27 27 Trading 24 Q3/16 Q3/17 Q3/16 Q4/16 Q1/17 Q2/17 Q3/17 1
Slide 7: Q3/2017 – Clearstream
Q3/2017 Results 27 October 2017 Deutsche Börse Group 6 Q3/2017 – Clearstream Business activity Q3/2017 y-o-y Net revenue €m +7% ICSD: Assets €6.6tr -2% 221 under custody 211 216 214 200 24 26 16 26 NII CSD: Assets 18 21 €4.5tr 3% 20 20 20 GSF under custody 18 33 35 32 32 35 IFS IFS: Assets €2.2tr 16
Slide 8: Q3/2017 – Market Data + Services
Q3/2017 Results 27 October 2017 Deutsche Börse Group 7 Q3/2017 – Market Data + Services Business activity Q3/2017 y-o-y Net revenue Index €m Calculation/ distribution of indices through STOXX: +8% 100 101 99 ETF AuM STOXX €79.7bn 36% 93 91 ETF AuM DAX €28.7bn 12% 30 25 35 32 Index 26 Index derivat
Slide 9: Secular net revenue growth of 5% in Q1-3/2017 partly off-set by cyclical decline; mid-term guidance confirmed
Q3/2017 Results 27 October 2017 Deutsche Börse Group 8 Secular net revenue growth of 5% in Q1-3/2017 was partly off-set by net decline of cyclical net revenue; mid-term guidance confirmed Net revenue growth drivers in Q1-3/2017 €m +5% -2% Secular net revenue growth in Q1-3/2017 stood at ~5%, in-li
Slide 10: Income statement – Group level adjusted
Q3/2017 Results 27 October 2017 Deutsche Börse Group 9 Income statement – Group level adjusted Quarter ended Quarter ended 30 September 2017 30 September 2016 Sales revenue 628.1 599.9 Net interest income from banking business 32.1 22.3 Other operating income 6.4 8.0 Total revenue 666.6 630.2 Volume
Slide 11: Income statement – Segmental level
Q3/2017 Results 27 October 2017 Deutsche Börse Group 10 Income statement – Segmental level Eurex Xetra Clearstream Market Data + Services Q3/2017 Q3/2016 Q3/2017 Q3/2016 Q3/2017 Q3/2016 Q3/2017 Q3/2016 Net revenue1 220.9 228.4 43.0 39.5 213.9 199.5 98.5 91.1 Staff costs -63.5 -55.6 -12.9 -12.6 -57.6
Slide 12: Disclaimer
Q3/2017 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