Deutsche Boerse Ag · XETR:DB1

Deutsche Boerse — Deutsche Börse — UniCredit Kepler Cheuvreux German Corporate Conference 2015

21 slides from Deutsche Boerse's conference presentation, Jan 20, 2015

  1. Slide 1: UniCredit Kepler Cheuvreux German Corporate Conference

    UniCredit Kepler Cheuvreux German Corporate Conference Gregor Pottmeyer, CFO Frankfurt, 20 January 2015

  2. Slide 2: Investment Highlights Deutsche Börse Group

    UniCredit Kepler Cheuvreux GCC 20 January 2015 Deutsche Börse Group 1 Investment Highlights Deutsche Börse Group  Uniquely positioned to benefit from customer focus on risk, collateral and liquidity management; business model is serving as the global industry role model  Long-term growth strategy

  3. Slide 3: Strong Position In Each Reporting Segment With Increasing Focus On Cross-Divisional Themes

    UniCredit Kepler Cheuvreux GCC 20 January 2015 Deutsche Börse Group 2 Strong Position In Each Reporting Segment With Increasing Focus On Cross-Divisional Themes Eurex Clearstream  #1 derivatives market in Europe  Leading global post-trade provider with  #3 derivatives market world-wide internatio

  4. Slide 4: Business Model Of Deutsche Börse Group Is Serving As The Global Role Model

    UniCredit Kepler Cheuvreux GCC 20 January 2015 Deutsche Börse Group 3 Business Model Of Deutsche Börse Group Is Serving As The Global Role Model Cash market Eurex/ Xetra Derivatives market Clearing Settlement Clearstream Custody Collateral management Market Data + Market data Services Indices Techno

  5. Slide 5: Q1-3/2014 – Development Of Group And Segmental Financials

    UniCredit Kepler Cheuvreux GCC 20 January 2015 Deutsche Börse Group 4 Q1-3/2014 – Development Of Group And Segmental Financials Group Segments Net revenue Eurex Xetra Clearstream MD+S €1,498.5 million (+4%) Net rev. Net rev. Net interest income +2% +7% €28.4 million (+3%) 569 581 518 484 Net rev. Op

  6. Slide 6: Return Of Volatility Resulted In Significant Volume Improvement In The Fourth Quarter

    UniCredit Kepler Cheuvreux GCC 20 January 2015 Deutsche Börse Group 5 Return Of Volatility Resulted In Significant Volume Improvement In The Fourth Quarter Eurex – European products Eurex – US Options 16% -6% 6.0 6.0 6.2 2.6 2.7 2.4 5.4 5.2 2.3 2.3 Q4/13 Q1/14 Q2/14 Q3/14 Q4/14 Q4/13 Q1/14 Q2/14 Q3/

  7. Slide 7: Growth Areas Continued To Build Traction in 2014

    UniCredit Kepler Cheuvreux GCC 20 January 2015 Deutsche Börse Group 6 Growth Areas Continued To Build Traction in 2014 Eurex – Kospi, volatility, dividend, OAT, BTP Eurex – EEX power & gas m1 81.1 TWh2 2,138 BTP & OAT 39% Gas 1,487 568 +44% Dividend 58.3 38.6 Power Volatility 223 23.4 Kospi 9.7 7.1

  8. Slide 8: Management Is Firmly Focused On Growing The Business, Effective Cost Management, And Attractive Capital Management

    UniCredit Kepler Cheuvreux GCC 20 January 2015 Deutsche Börse Group 7 Management Is Firmly Focused On Growing The Business, Effective Cost Management, And Attractive Capital Management Ambitious growth targets  20-40% net revenue growth target 2013-2017  Primarily organic growth, but also partners

  9. Slide 9: Growth – Substantial Incremental Revenue From Structural And Cyclical Drivers Expected

    UniCredit Kepler Cheuvreux GCC 20 January 2015 Deutsche Börse Group 8 Growth – Substantial Incremental Revenue From Structural And Cyclical Drivers Expected Illustration of mid- to long-term net revenue opportunities 1 2 3 €m Product Structural opportunities Cyclical opportunities innovation ~2,300-

  10. Slide 10: Growth – Track Record For Product Innovation Underscores Confidence In €50 Million Net Revenue Target For 2017

    UniCredit Kepler Cheuvreux GCC 20 January 2015 Deutsche Börse Group 9 1 Growth – Track Record For Product Innovation Underscores Confidence In €50 Million Net Revenue Target For 2017 Track record: €38m p.a. with new Eurex products Target: incremental €50m net revenue by 2017 €m €m 50 Examples for pr

  11. Slide 11: Growth – Initiatives To Benefit From Structural Growth Are On Track To Achieve Additional €300-375 Million Net Revenue By 2017

    UniCredit Kepler Cheuvreux GCC 20 January 2015 Deutsche Börse Group 10 2 Growth – Initiatives To Benefit From Structural Growth Are On Track To Achieve Additional €300-375 Million Net Revenue By 2017 Net revenue Description Milestones achieved Timing (illustrative) target 2017 (€m)  Clearing servic

  12. Slide 12: Growth – EurexOTC Clear Service Offering Addresses Client Needs In New Regulatory Environment

    UniCredit Kepler Cheuvreux GCC 20 January 2015 Deutsche Börse Group 11 2 Growth – EurexOTC Clear Service Offering Addresses Client Needs In New Regulatory Environment Value proposition Description 1 Only fully integrated cross-asset class clearing house in Unique position to be Integrated full asset

  13. Slide 13: Growth – Expansion Of Successful Collateral Management Services Under Global Liquidity Hub Initiatives

    UniCredit Kepler Cheuvreux GCC 20 January 2015 Deutsche Börse Group 12 2 Growth – Expansion Of Successful Collateral Management Services Under Global Liquidity Hub Initiatives Global infrastructure provider Value proposition: Brazil (live) Australia (2013) Exposure Global Liquidity Hub Liquidity Hub

  14. Slide 14: Growth – TARGET2-Securities, A Unique Opportunity For Clearstream

    UniCredit Kepler Cheuvreux GCC 20 January 2015 Deutsche Börse Group 13 2 Growth – TARGET2-Securities, A Unique Opportunity For Clearstream T2S will change the post-trade landscape … … bringing benefits to customers  Cash pooling: central funding account for all T2S Bank/ Global Custodian settlement

  15. Slide 15: Growth – Deutsche Börse Group's Asian Growth Initiatives Are Based On Successful Expansion Of Business

    UniCredit Kepler Cheuvreux GCC 20 January 2015 Deutsche Börse Group 14 2 Growth – Deutsche Börse Group’s Asian Growth Initiatives Are Based On Successful Expansion Of Business 2007 2013 Current initiatives  Build-up of clearing house for Sales revenue <€50 million >€100 million derivatives in Singa

  16. Slide 16: Growth – Net Revenue Decline Since Record Year 2008 Mainly Driven By Cyclical Developments

    UniCredit Kepler Cheuvreux GCC 20 January 2015 Deutsche Börse Group 15 3 Growth – Net Revenue Decline Since Record Year 2008 Mainly Driven By Cyclical Developments Net revenue development since record year 2008 €bn 2.5 Net revenue Selected cyclical factors that influenced the net gap: ~€600m revenue

  17. Slide 17: Growth – Partnerships And Complementary M&A Are Part Of Strategy Implementation

    UniCredit Kepler Cheuvreux GCC 20 January 2015 Deutsche Börse Group 16 Growth – Partnerships And Complementary M&A Are Part Of Strategy Implementation To Further Enhance Growth Trajectory 2010 2011 2012 2013 2014 STOXX: index business (majority stake) REGIS-TR: trade repository (JV with Iberclear) L

  18. Slide 18: Operating Efficiency – Efficiency Measures Fully On Track

    UniCredit Kepler Cheuvreux GCC 20 January 2015 Deutsche Börse Group 17 Operating Efficiency – Efficiency Measures Fully On Track Efficiency measures initiated in 2013 Ramp-up of cost savings  Planned savings in personnel and non-personnel 100% costs of €70 million per annum by 2016 €70m  Non-perso

  19. Slide 19: Capital Management – Strong Cash Flow Generation Allows For Strong Rating Profile And Attractive Distribution Policy

    UniCredit Kepler Cheuvreux GCC 20 January 2015 Deutsche Börse Group 18 Capital Management – Strong Cash Flow Generation Allows For Strong Rating Profile And Attractive Distribution Policy Strong cash flow, balance sheet and rating Attractive dividend distribution Pay-out ratio (%)2 Strong balance sh

  20. Slide 20: Financial Calendar And Contact Details

    UniCredit Kepler Cheuvreux GCC 20 January 2015 Deutsche Börse Group 19 Financial Calendar And Contact Details Financial calendar Contact details 18 Feb 2015 Preliminary results Q4 and FY 2014 Deutsche Börse AG 19 Feb 2015 Conference call Q4 and FY 2014 Investor Relations 29 Apr 2015 Interim report Q

  21. Slide 21: Disclaimer

    UniCredit Kepler Cheuvreux GCC 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 subj

Deutsche Börse — UniCredit Kepler Cheuvreux German Corporate Conference 2015 on 6ix