Flatexdegiro Se · XETR:FTK
Flatexdegiro — Q3 2024 Earnings Presentation
14 slides from Flatexdegiro's earnings presentation, Oct 23, 2024
Slide 1: 9M 2024 - Interim Management Statement
FLATEXDEGIRO AG | 23 OCTOBER 2024 9M 2024 - INTERIM MANAGEMENT STATEMENT
Slide 2: Disclaimer
flatexDEGIRO Disclaimer 9M 2024 – Unaudited Results This release contains unaudited information that is subject to change and that is not intended to be complete. Non-IFRS measures (APMs) This presentation includes non-IFRS measures. These measures are alternative performance measures as defined by
Slide 3: Highlights
flatexDEGIRO INTERIM MANAGEMENT STATEMENT – 9M 2024 Highlights 9M 2024 with record Revenues Upgrading FY 2024 Revenue Oliver Behrens joined as CEO and Net Income, driven by Guidance to slightly above +15% on Oct 1, bringing a wealth of Commission and Interest Income YoY; Reiterating Net Income exper
Slide 4: Commercial performance
flatexDEGIRO INTERIM MANAGEMENT STATEMENT – 9M 2024 Commercial performance Gross customer additions (k) Assets under Custody (bn EUR) Settled Transactions (m) +19% +37% +7% +9% +6% -3% 64.6 16.1 121 61.1 58.0 15.2 14.8 13.8 51.7 13.5 92 47.0 85 77 77 Q3/2023 Q4/2023 Q1/2024 Q2/2024 Q3/2024 Sep 23 De
Slide 5: Development of Assets under Custody
flatexDEGIRO INTERIM MANAGEMENT STATEMENT – 9M 2024 Development of Assets under Custody Securities (bn EUR) Cash (bn EUR) +39% +14% +6% +5% 3.7 3.6 3.6 3.5 60.9 57.6 3.3 54.4 48.1 43.7 Sep 23 Dec 2023 Mar 2024 Jun 24 Sep 24 Sep 23 Dec 2023 Mar 2024 Jun 24 Sep 24 Note: Rounding differences may occur
Slide 6: Net cash inflows of EUR 5.0 bn in 9M 2024 (+27% YoY)
flatexDEGIRO INTERIM MANAGEMENT STATEMENT – 9M 2024 Net cash inflows of EUR 5.0 bn in 9M 2024 (+27% YoY) Net cash inflows (bn EUR) 5.0 2023 2024 3.9 ▪ Our clients continue to deploy cash onto our platform. We saw positive net cash inflows of > 500 million EUR per month on average in 9M 2024 ▪ On a 9
Slide 7: Revenue split
flatexDEGIRO INTERIM MANAGEMENT STATEMENT – 9M 2024 Revenue split Revenues (m EUR) Commission income (m EUR) Interest Income (m EUR) +10% +9% +15% -6% -3% -8% 75 123 48 119 66 112 64 44 44 101 59 100 39 55 38 Q3/2023 Q4/2023 Q1/2024 Q2/2024 Q3/2024 Q3/2023 Q4/2023 Q1/2024 Q2/2024 Q3/2024 Q3/2023 Q4/
Slide 8: Commission per transaction
flatexDEGIRO INTERIM MANAGEMENT STATEMENT – 9M 2024 Commission per transaction +1% 0% 4.64 € 4.33 € 4.32 € 4.26 € 4.16 € 4.11 € 3.99 € Q1/2023 Q2/2023 Q3/2023 Q4/2023 Q1/2024 Q2/2024 Q3/2024
Slide 9: Cost overview (in m EUR)
flatexDEGIRO INTERIM MANAGEMENT STATEMENT – 9M 2024 Cost overview (in m EUR) Current Personnel Expenses Personnel expenses for long- Marketing and advertising Other administrative expenses term variable compensation expenses 17.7 24.9 25.1 24.7 2.5 11.5 16.2 22.0 12.8 18.6 12.0 10.4 1.4 1.4 6.5 1.4
Slide 10: Profitability in Q3 2024
flatexDEGIRO INTERIM MANAGEMENT STATEMENT – 9M 2024 Profitability in Q3 2024 EBITDA (m EUR) Net Income (m EUR) +14% +21% -14% -19% 54 53 31 31 52 30 46 25 40 21 Q3/2023 Q4/2023 Q1/2024 Q2/2024 Q3/2024 Q3/2023 Q4/2024 Q1/2024 Q2/2024 Q3/2024
Slide 11: 9M comparison
flatexDEGIRO INTERIM MANAGEMENT STATEMENT – 9M 2024 9M comparison Revenues (m EUR) EBITDA (m EUR) Net Income (m EUR) +17% +20% +19% +22% +72% +111% 152 86 Commission income Interest income Other operating income 13 127 72 33 14 136 49 97 88 41 219 205 180 9M 2022 9M 2023 9M 2024 9M 2022 9M 2023 9M 2
Slide 12: Upgrading FY 2024 Revenues Guidance, confirming Net Income Guidance
flatexDEGIRO INTERIM MANAGEMENT STATEMENT – 9M 2024 Upgrading FY 2024 Revenues Guidance, confirming Net Income Guidance Slightly above upper Revenues end of +15% YoY Upper end of Net Income +25% to +50% YoY
Slide 13: 9M 2024 - Interim Management Statement
FLATEXDEGIRO AG | 23 OCTOBER 2024 9M 2024 - INTERIM MANAGEMENT STATEMENT
Slide 14: Contact
Contact Achim Schreck flatexDEGIRO AG Head of IR and Corporate Communications Address: Omniturm, Große Gallusstraße 16-18 Mail: achim.schreck@flatexdegiro.com 60312 Frankfurt/Main, Germany Mobile: +49 160 9277 4570 Website: www.flatexdegiro.com Laura Hecker Director Investor Relations Mail: laura.he