Slide 1: Investor Presentation: 1st Quarter 2025
Investor Presentation: 1st Quarter 2025 StoneX Group Inc. February 6th, 2025
Slide 2: Disclaimer
Disclaimer The StoneX Group Inc. group of companies provides financial services worldwide, including physical commodities, securities, exchange-traded and over-the-counter derivatives, risk management, global payments and foreign exchange products, through its subsidiaries, in accordance with applic
Slide 3: Company Highlights
Company Highlights 17.0% 28% CAGR Book Value TTM Return on Equity (ending 12/31/24) FY 2003- Q1’2025 31% CAGR 1.0x Operating Revenue Operating Revenue FY 2003 – Q1’2025 13.1x EPS 2.0x Price to Book (based on 1/31/25 market capitalization) 3
Slide 4: Investment Highlights
Investment Highlights Leading global financial services platform for mid-market institutional, commercial UNIQUE FINANCIAL SERVICES and self-directed/retail clients. PLATFORM Integral part of the global financial infrastructure. TRACK RECORD A 20+ year track record of consistent and significan
Slide 5: We Connect Clients to Markets
Who We Are We Connect StoneX provides institutional-grade global market access, end-to-end clearing and execution, high- Clients to touch service and deep expertise through one trusted partner Markets We Monetize the We monetize client activity over our global network through commissions and Network
Slide 6: StoneX at a Glance
StoneX at a Glance 40+ 18,000+ 140+ Exchanges OTC Products Currencies Global Execution, Clearing & Custody Across Equities, Fixed Income, FX, and Commodities $4.9T 54,000+ 400,000+ $7.8B+ Volume Traded (2) $1,777M Institutional, Equity Capital Self-Directed/Retail Commercial & Client Accounts Client
Slide 7: Our Global Footprint
Our Global Footprint MORE THAN 450,000 CLIENT ACCOUNTS IN MORE THAN 180 COUNTRIES OVER 4,600 STAFF LOCATED IN MORE THAN 20 COUNTRIES AND 6 CONTINENTS Americas EMEA APAC Exchanges and Industry Associations Regulatory Bodies 7
Slide 8: Company Timeline
Company Timeline International International —_Listed on Global Assets & FCStone Assets NASDAQ Currencies _ merge. Becoming Founded-1981 1994 Ltd-2004 _ INTLFCStone-2009 Sterne Fillmore Akshay Giroxx Chasing Current International Agee Advisors Financeware Gmbh Returns management Assets issues 2016 L
Slide 9: The StoneX Global Ecosystem
The StoneX Global Ecosystem Clients we serve Our Core Services Commercial • Agricultural producers Risk management and hedging • Energy and resource extractors • Manufacturers and processors • Merchants and market intermediaries • Global traders and distributors • Industrial consumers Strategic advi
Slide 10: Unique Financial Services Platform
Unique Financial Services Platform Global Diversified Client Base INSTITUTIONAL SELF-DIRECTED/RETAIL COMMERCIAL PAYMENTS Risk Profile RISK TAKERS RISK MITIGATION TREASURY MANAGEMENT % of Total Net Operating Revenue 51% of Net Operating Revenue 49% of Net Operating Revenue Global trading, execution
Slide 11: Commercial Segment
Commercial Segment Comprehensive Risk Management & Trading Solutions for Global Commodity Markets Main client segments Primary services and markets Agricultural producers & Energy & resource Manufacturers & Leverages deep market knowledge and access to exchange- growers extractors processors trade
Slide 12: Institutional Segment
Institutional Segment End-to-End Trade Lifecycle Support with Reliability & Expertise Main client segments Primary services and markets Asset managers Banks and Corporates and Transactions in over 140 currencies financial institutions commodity firms Trading • Mutual funds Execution in over 185
Slide 13: Self-Directed/Retail Segment
Self-Directed/Retail Segment Expanding Opportunities, Strategic Growth & Market Differentiation Main client segments Primary services and markets Individual investors High-net-worth individuals (HNWIs) Today: CFDs, FX, bullion, futures and options, stocks/cash • Active traders • Active traders equ
Slide 14: Payments Segment
Payments Segment Global FX Settlement & Cross-Border Transactions Main client segments Primary services and markets IDOs and NGOs Financial institutions • International development organizations • Commercial banks Intermediary banks: Multiple resulting in delays / higher costs • Supranational orga
Slide 15: Market Opportunity
Market Opportunity Multiple Drivers for Growth Commercial Self-Directed/Retail Positioned well to meet rapidly evolving Optimize advanced KYC/AML and funding markets with price volatility, complex supply technology to enable fast, scalable chains and ESG standards application approval process Contin
Slide 16: Track Record of Success
Track Record of Success STOCKHOLDER RETURN LONG-TERM FINANCIAL PERFORMANCE Compounding Capital 6,000 CAGR $4,000 CAGR 17.0% 21% 7% 5% 28% 31% 30% $3,500 5,000 $3,000 4,000 Index = (2003 = $100) $2,500 3,000 $2,000 $1,500 2,000 $1,000 1,000 $500 - $0 LTM Dec-24 2003 2004 2005 2006 2007 2008 2009 2010
Slide 17: Track Record of Success
Track Record of Success OPERATING REVENUE ($MM) NET INCOME ($MM) $4,200 $320 $3,596 $277 $3,700 $3,436 $280 $261 $3,200 $2,914 $239 $240 $207 $2,700 $200 $2,107 $170 $2,200 $160 $1,673 $116 $1,700 $1,308 $120 $1,200 $80 $700 $40 $200 $0 -$300 2020 2021 2022 2023 2024 TTM Q1'2025 2020 2021 2022 2023
Slide 18: Opportunistic Industry Consolidator
Opportunistic Industry Consolidator StoneX’s solid balance sheet, favorable regulatory position and publicly traded status make it an appealing partner to potential acquisition targets (Securities Clearing & Client-centric business (LME Brokerage TRX Futures Independent WM (SWIFT Service Subsidiary)
Slide 19: Recent Financial Results
StonexX’ 100 years Recent Financial Results
Slide 20: Fiscal Q1 2025 & TTM Highlights
Fiscal Q1 2025 & TTM Highlights First Quarter(1) Highlights Operating Revenues Net Income • Versus the prior year quarter: • Operating rev. up 20%, Net operating rev. (“NOR”) up 17% $944.3mm $85.1mm • Total expenses up 17% • Fixed compensation up 24% (includes $5.8mm related to the Up 20% Up 23% dep
Slide 21: Review of Key Performance Indicators (TTM)
Review of Key Performance Indicators (TTM ) Compounding Capital Target: Annual shareholder return on equity of 15% TARGET MET 17.0% Flexible Cost Structure Target: >50% of total variable costs to total non-interest expense TARGET MET 51.6% Operating Revenue per Employee Target: >$500k per annum TARG
Slide 22: Key Financial Results
Key Financial Results (in millions, except share and per share amounts) TTM March June September December March June September December December Compounding Capital 31, 2023 30, 2023 30, 2023 31, 2023 31, 2024 30, 2024 30, 2024 17.0% 31, 2024 31, 2024 Operating revenues $ 704.4 $ 776.9 $ 778.0 $ 784
Slide 23: Balance Sheet Summary
Balance Sheet Summary USDmm 12/31/2023 12/31/2024 Cash and cash equivalents 1,158 1,398 Compounding Capital Conservatively capitalized with moderate debt Cash, securities and other assets segregated under federal and other regulations 1 2,775 3,157 • 0.6x Debt/Equity as of 12/31/24 17.0% Securitie
Slide 24: Transaction Volumes and Other Select Data
Transaction Volumes and Other Select Data March June September December March June September December Compounding Capital 31, 2023 30, 2023 30, 2023 31, 2023 31, 2024 30, 2024 17.0% 31, 2024 30, 2024 Listed derivatives (contracts, 000’s) 41,588 39,044 39,461 50,759 53,805 52,736 57,512 53,180 Listed
Slide 25: Appendix
StonexX’ 100 years Appendix
Slide 26: Interest Rate Sensitivity
Interest Rate Sensitivity Interest/Fees Earned on Client Balances by Quarter Annualized Interest Rate Sensitivity Potential + / - Incremental Change in Net Interest & 12b1 Fees $160 $86.4 $90 $83.4 Earned (USDmm) (2) $77.4 Annual Rate Change Post-tax Effect on Incremental Effect on $140 $80 $74.0 (b
Slide 27: SNEX: Reconciliation of Net Income to Adjusted Non-GAAP Amounts
SNEX: Reconciliation of Net Income to Adjusted Non-GAAP Amounts Compounding Capital 17.0% Twelve Months Ended (in millions) 2020 2021 2022 2023 2024 TTM Q1'2025 Net income (non-GAAP) reconciliation: Net income, as reported (GAAP) $ 169.6 $ 116.3 $ 207.1 $ 238.5 $ 260.8 $ 276.8 Gain on acquisition (8
Slide 28: SNEX: Non-GAAP Adjustments Detail
SNEX: Non-GAAP Adjustments Detail Compounding These Capital notes refer to the financial metrics and/or defined term presented on Slide 17 and the Appendix. 17.0% Adjusted Net Income adjusts for the after-tax effects of the below items for the respective financial year: Fiscal 2020: One-time gain re
Slide 29: Thank you
StoneX Thank you