Slide 1: Preliminary results FY/2013 Annual Press Briefing
Preliminary results FY/2013 Annual Press Briefing Frankfurt/Main, 20 February 2014
Slide 2: Agenda
Annual Press Briefing 20 February 2014 Deutsche Börse Group 1 Agenda Highlights Financial year 2013 Strategic roadmap
Slide 3: Highlights full year 2013 preliminary results presentation
Annual Press Briefing 20 February 2014 Deutsche Börse Group 2 Highlights full year 2013 preliminary results presentation Despite cyclical headwinds across the business in 2013, the Group’s net revenue remained broadly stable at €1.9 billion. Adjusted EBIT amounted to €954 million, down 5 per cen
Slide 4: Agenda
Annual Press Briefing 20 February 2014 Deutsche Börse Group 3 Agenda Highlights Financial year 2013 Strategic roadmap
Slide 5: Development of Group and segmental financials in 2013
Annual Press Briefing 20 February 2014 Deutsche Börse Group 4 Development of Group and segmental financials in 2013 Group Segments Net revenue Eurex Xetra Clearstream MD+S €1,912.3 million (–1%) Net rev. Net rev. Net rev. Net rev. +1% Net interest income -3% +5% -1% €35.9 million (–31%) 650 654 768
Slide 6: Effective cost management over the years created flexibility to increase investments in growth
Annual Press Briefing 20 February 2014 Deutsche Börse Group 5 Effective cost management over the years created flexibility to increase investments in growth Track record for effective cost management Cost growth of key exchange organisations Operating costs1), €m CAGR 2007–20122), % Ø9 -2 1,025 995
Slide 7: Efficiency measures introduced in 2013 fully on track
Annual Press Briefing 20 February 2014 Deutsche Börse Group 6 Efficiency measures introduced in 2013 fully on track Efficiency measures (update) Ramp-up of cost savings Planned savings in personnel and non-personnel 100% costs of €70 million per annum by 2016 €70m Non-personnel cost: €45 million
Slide 8: Refinancing of long-term debt resulted in significant decrease of debt financing expenses
Annual Press Briefing 20 February 2014 Deutsche Börse Group 7 Refinancing of long-term debt resulted in significant decrease of debt financing expenses Overview refinancing Debt-financing costs €m First tranche (October 2012) -29 Terms of first tranche: €600 million, term of 86 10 years, 2.375% co
Slide 9: Strong cash flow generation allows for strong rating profile and attractive distribution policy
Annual Press Briefing 20 February 2014 Deutsche Börse Group 8 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 (%)1) Strong balance sheet 49 50 51 38 56 54 52 58 6
Slide 10: Agenda
Annual Press Briefing 20 February 2014 Deutsche Börse Group 9 Agenda Highlights Financial year 2013 Strategic roadmap
Slide 11: Business model of Deutsche Börse Group is serving as the global role model
Annual Press Briefing 20 February 2014 Deutsche Börse Group 10 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 Technology
Slide 12: Overview management priorities
Annual Press Briefing 20 February 2014 Deutsche Börse Group 11 Overview management priorities 1 Extend products and services to unregulated / unsecured markets Expand Eurex’s clearing / risk management capabilities Global roll-out of collateral and liquidity management services Growth 2 Expand t
Slide 13: EurexOTC Clear service offering addresses client needs in new regulatory environment
Annual Press Briefing 20 February 2014 Deutsche Börse Group 12 EurexOTC Clear service offering addresses client needs in new regulatory environment Value proposition Description 1 Only fully integrated cross-asset class clearing house in Integrated full asset Europe: market leadership in listed deri
Slide 14: Expansion of successful collateral management services under Global Liquidity Hub initiatives
Annual Press Briefing 20 February 2014 Deutsche Börse Group 13 Expansion of successful collateral management services under Global Liquidity Hub initiatives Global infrastructure providers Value proposition: Brazil (live) Australia (2013) Global Liquidity Hub Exposure Liquidity Hub GO locations init
Slide 15: Deutsche Börse Group's Asian growth initiatives
Annual Press Briefing 20 February 2014 Deutsche Börse Group 14 Deutsche Börse Group’s Asian growth initiatives are based on successful expansion of business 2007 2013 Achievements 2013 Cooperation with TAIFEX in Sales revenue <€50 million >€100 million derivatives strengthened by acquisition of 5%
Slide 16: Substantial incremental revenue from structural and cyclical drivers expected
Annual Press Briefing 20 February 2014 Deutsche Börse Group 15 Substantial incremental revenue from structural and cyclical drivers expected Illustration of mid- to long-term net revenue opportunities €m Product Structural opportunities Cyclical opportunities innovation ~2,300- ~100-300 2,700 ~100 ~
Slide 17: Our strategy is focused on becoming the preeminent global provider for integrated risk, collateral and liquidity management
Annual Press Briefing 20 February 2014 Deutsche Börse Group 16 Our strategy is focused on becoming the preeminent global provider for integrated risk, collateral and liquidity management Internationality Success factors Integrated risk, collateral Leading derivatives market with Global and liquidi
Slide 18: Disclaimer
Annual Press Briefing 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 subject to kn