Euronext Nv · EURONEXT:ENX

Euronext Nv — Merger or Acquisition (May 2017)

7 slides from Euronext Nv's merger presentation, May 23, 2017

  1. Slide 1: Acquisition of FastMatch

    ACQUISITION OF FASTMATCH Expanding into a new asset class with the acquisition of a high-growth disruptive player in the FX marketplace 23 May, 2017

  2. Slide 2: Key Highlights of the Transaction

    KEY HIGHLIGHTS OF THE TRANSACTION  Acquisition of FastMatch, a fast-growing spot FX ECN launched in 2012, providing customers with access to large pools of diversified spot FX liquidity at unparalleled speed and transparency Transaction  $17.7bn of ADV traded in Q1 2017 across major currency pairs

  3. Slide 3: FastMatch – A Fast Growing and Disruptive Player in the Spot FX Market

    FASTMATCH – A FAST GROWING AND DISRUPTIVE PLAYER IN THE SPOT FX MARKET WITH UNEXPLOITED POTENTIAL TO GROW IN EUROPE Fast growth in ADV1) and Market Share2) Dynamic client onboarding and increased wallet share ADV in $bn Market Share ADV by client in $m (RHS) # Active Clients 20 10% 120 200 108 18 AD

  4. Slide 4: A Sizeable Market Opportunity Supported by Strong Tailwinds

    A SIZEABLE MARKET OPPORTUNITY SUPPORTED BY STRONG TAILWINDS Spot FX is ~4x bigger than equities Significant potential for continuing electronification Cash Equity FX Spot Total FX Cash Equities Total FX ADV1) 2016 x4 Non- Electronic Voice/Hybrid 20% 44% $443bn $5,067bn Electronic $1,652bn Electronic

  5. Slide 5: An Outstanding Track Record of Profitable Growth

    AN OUTSTANDING TRACK RECORD OF PROFITABLE GROWTH ADV1) Revenues In $bn In $m +60.8% 17,7 18,0 12,7 12,3 1 11,0 9,9 +48.8% 8,4 1% 7,7 5,8 3,9 2,7 3,1 2013 2014 2015 2016 Q1'2016 Q1'2017 2013 2014 2015 2016 Q1'2016 Q1'2017 Market share3) EBITDA In $m +350bps 7,9% EBITDA 14.2% 12.7% 29.7% 16.9% 41.0% M

  6. Slide 6: Investment Proposition Summary

    INVESTMENT PROPOSITION SUMMARY Diversification move into the large electronic FX market, a new asset class for 1 Euronext Spot FX ADV1) = ~4x Cash Equities ADV FY2015 Q1’2017 Acquisition of a disruptive and fast-growing player whose market share more than 2 doubled over the past 2 years ADV 2) $8.4b

  7. Slide 7: Acquisition of FastMatch – Conclusion

    ACQUISITION OF FASTMATCH – CONCLUSION Acquisition of a disruptive player Diversification of Euronext’s revenue base  Unrivalled technology speed and best-in-class platform  Diversification into the largest traded asset class worldwide  Rapid market share growth  Further development opportunities

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