Slide 1: Analyst and Investor Conference Call Q4 and FY 2011
Analyst and Investor Conference Call Q4 and FY 2011 14 February 2012
Slide 2: Excellent Financial Performance In 2011
Deutsche Börse Group, Analyst and Investor Conference Call, 14 February 2012 Excellent Financial Performance In 2011 Sales revenue (€m) Total costs (€m)1 Net income (€m)1 +6% +15% -1% 2,233 1,147 833 1,134 Proposed shareholder distribution 2,106 n Regular dividend of 722 €2.30 per share n Special di
Slide 3: FY/2011 – Sales And Earnings Growth Reflect Scalability Of Model
Deutsche Börse Group, Analyst and Investor Conference Call, 14 February 2012 FY/2011 – Sales And Earnings Growth Reflect Scalability Of Model Net interest Earnings per Sales revenue Costs1 EBIT1 Net income1 income share1 €m € +6% +26% -1% +13% +15% +16% 2,233 75 1,147 1,235 833 4.49 1,134 2,106 1,09
Slide 4: FY/2011 – Growth Across All Segments Of The Group
Deutsche Börse Group, Analyst and Investor Conference Call, 14 February 2012 FY/2011 – Growth Across All Segments Of The Group Deutsche Börse Group: Sales revenue +6% / EBIT + 13% €m Market Data & Xetra Eurex Clearstream Analytics Sales Sales Sales Sales +5% +10% +4%1 +5% EBIT EBIT EBIT EBIT +18% +1
Slide 5: Q4/2011 – Sales Revenue And Earnings Growth
Deutsche Börse Group, Analyst and Investor Conference Call, 14 February 2012 Q4/2011 – Sales Revenue And Earnings Growth Sales revenue and EBIT1 (€m) Revenue n Sales revenue: €541.4m (+4% y-o-y) 604.7 n Net interest income: €19.3m (+14% y-o-y) 558.6 n Other operating income: €16.5m (+35% y-o-y) 528.
Slide 6: Xetra – 5% Sales Revenue And 18% EBIT Growth In 2011
Deutsche Börse Group, Analyst and Investor Conference Call, 14 February 2012 Xetra – 5% Sales Revenue And 18% EBIT Growth In 2011 Business activity Cash market sales revenue (€m) Change vs. Q4/11 Q3/11 Q4/10 76.6 73.0 65.5 63.2 17.3 Xetra – electronic trading 18.7 60.0 16.2 5.4 16.7 5.4 16.0 Trades
Slide 7: Eurex – 10% Sales Revenue And 18% EBIT Growth In 2011
Deutsche Börse Group, Analyst and Investor Conference Call, 14 February 2012 Eurex – 10% Sales Revenue And 18% EBIT Growth In 2011 Business activity (traded contracts in million) Eurex sales revenue (€m) Change vs. 275.1 Q4/11 Q3/11 Q4/10 36.1 230.0 218.9 221.9 Index 234.8 -24% 27% 202.8 42.2 36.4 3
Slide 8: Clearstream – 4% Revenue And 8% EBIT Growth In 2011
Deutsche Börse Group, Analyst and Investor Conference Call, 14 February 2012 Clearstream – 4% Revenue And 8% EBIT Growth In 2011 Business activity Clearstream revenue (€m) Change vs. 214.2 216.1 217.1 208.0 203.6 Q4/11 Q3/11 Q4/10 16.1 21.2 19.3 16.9 18.5 Assets under custody €10.9tr -1% -3% 28.2 35
Slide 9: Market Data & Analytics – 5% Sales Revenue And 6% EBIT Growth In 2011
Deutsche Börse Group, Analyst and Investor Conference Call, 14 February 2012 Market Data & Analytics – 5% Sales Revenue And 6% EBIT Growth In 2011 Sales revenue and EBIT (€m) Development of business activity n Less volatile revenue drivers compared to the trading businesses of Deutsche Börse: Number
Slide 10: Existing Growth Strategy To Be Accelerated
Deutsche Börse Group, Analyst and Investor Conference Call, 14 February 2012 Existing Growth Strategy To Be Accelerated 1 Extend products and services to unregulated/unsecured markets n Expand Eurex clearing/risk management capabilities into new markets and asset classes n Global roll out of collate
Slide 11: Growth – Expenditures For Growth And Infrastructure Increased
Deutsche Börse Group, Analyst and Investor Conference Call, 14 February 2012 Growth – Expenditures For Growth And Infrastructure Increased Expenditures for growth (€m) Extend products and services to unregulated and unsecured markets +€40 1 n Launch clearing for OTC derivatives in light of changing
Slide 12: Growth – Positive Outlook Underpinned By Full Control Over Eurex
Deutsche Börse Group, Analyst and Investor Conference Call, 14 February 2012 Growth – Positive Outlook Underpinned By Full Control Over Eurex Development of sales revenue (€m) +5- Drivers for sales revenue growth are: +12% n Full acquisition of Eurex (15 percent economic ~2,500- interest of SIX Grou
Slide 13: Operating Efficiency – Cost Management Remains Key Priority
Deutsche Börse Group, Analyst and Investor Conference Call, 14 February 2012 Operating Efficiency – Cost Management Remains Key Priority Development of total cost base (€m)1 n For 2012 Deutsche Börse plans with costs of around €1,200 million2 1,248 1,256 1,231 1,200 n Cost guidance for 2012 reflects
Slide 14: Operating Efficiency – For 2012 Deutsche Börse Targets Total Costs Of Around €1,200 Million
Deutsche Börse Group, Analyst and Investor Conference Call, 14 February 2012 Operating Efficiency – For 2012 Deutsche Börse Targets Total Costs Of Around €1,200 Million Excluding Merger Related Costs Transition from 2011 costs to 2012 cost guidance (€m) 40 Cost guidance 2012 25 15 ~1,200 n For 2012
Slide 15: Operating Efficiency – Effective Group Tax Rate Reduced By Around 10 Percentage Points Within 5 Years
Deutsche Börse Group, Analyst and Investor Conference Call, 14 February 2012 Operating Efficiency – Effective Group Tax Rate Reduced By Around 10 Percentage Points Within 5 Years Tax guidance (effective Group tax rate) 2007 Effective Group tax rate 35.6%1 2008 Effective Group tax rate 28.5%, include
Slide 16: Capital Management – Strong Cash Flow Generation Allows For Strong Rating Profile
Deutsche Börse Group, Analyst and Investor Conference Call, 14 February 2012 Capital Management – Strong Cash Flow Generation Allows For Strong Rating Profile And Attractive Distribution Policy Capital Management Policy Total shareholder distributions (€m) n Continuing past practice, Deutsche Börse
Slide 17: Appendix
Deutsche Börse Group, Analyst and Investor Conference Call, 14 February 2012 Appendix 16
Slide 18: Income Statement – Group Level
Deutsche Börse Group, Analyst and Investor Conference Call, 14 February 2012 Income Statement – Group Level Quarter ended Quarter ended Fiscal year Fiscal year 31 December 2011 31 December 2010 2011 2010 Sales revenue 541.4 518.4 2,233.3 2,106.3 Net interest income from banking business 19.3 16.9 75
Slide 19: Income Statement – Segmental Level
Deutsche Börse Group, Analyst and Investor Conference Call, 14 February 2012 Income Statement – Segmental Level Xetra Eurex Clearstream Market Data & Analytics Q4/2011 Q4/2010 Q4/2011 Q4/2010 Q4/2011 Q4/2010 Q4/2011 Q4/2010 Sales revenue 60.0 63.2 221.9 202.8 197.8 191.1 61.7 61.3 Internal sales 0.0