Slide 1: Q4 and FY/2017 Preliminary Results
Q4 and FY/2017 Preliminary Results Analyst and Investor Conference Call 21 February 2018
Slide 2: Summary Q4 and FY/2017 preliminary results presentation
Q4 and FY/2017 Preliminary Results 21 February 2018 Deutsche Börse Group 1 Summary Q4 and FY/2017 preliminary results presentation In 2017 secular net revenue increased as planned by 5%, but historically low equity market volatility resulted in an overall decline of cyclical net revenue by 2%. A
Slide 3: FY/2017 – Preliminary group financials
Q4 and FY/2017 Preliminary Results 21 February 2018 Deutsche Börse Group 2 FY/2017 – Preliminary group financials Net revenue Operating costs1,2 EBITDA1 Net income1 €m €m €m €m +3% 2,462 +6% 2,389 1,431 1,346 -1% 1,049 1,040 +6% 857 811 2016 2017 2016 2017 2016 2017 2016 2017 1) Adjusted for excepti
Slide 4: Secular net revenue growth of 5 per cent in 2017 was partly off-set by negative cyclicality
Q4 and FY/2017 Preliminary Results 21 February 2018 Deutsche Börse Group 3 Secular net revenue growth of 5 per cent in 2017 was partly off-set by negative cyclicality Net revenue growth drivers in 2017 €m 5% -2% 2,504 ~42 2,462 ~115 +3% Secular net revenue growth in 2017 2,389 stood at ~5%, in-lin
Slide 5: Q4/2017 – Preliminary group financials
Q4 and FY/2017 Preliminary Results 21 February 2018 Deutsche Börse Group 4 Q4/2017 – Preliminary group financials Development of key financials in Q4/2017 €m Revenue Net revenue Costs1,2 EBITDA1 Net income1 Net revenue: €639.0m (+3% y-o-y) Net interest income: €37.1m (+69% y-o-y) +3% Total costs
Slide 6: Q4/2017 – Eurex
Q4 and FY/2017 Preliminary Results 21 February 2018 Deutsche Börse Group 5 Q4/2017 – Eurex Business activity Q4/2017 y-o-y Net revenue Financial derivatives (traded contracts in m) €m -6% Equity 61.5 -1% 268 267 263 Fixed income 138.9 -8% 23 251 24 23 17 17 21 Others1 Index 191.1 -9% 16 221 17 FX To
Slide 7: Q4/2017 – Xetra
Q4 and FY/2017 Preliminary Results 21 February 2018 Deutsche Börse Group 6 Q4/2017 – Xetra Business activity Q4/2017 y-o-y Net revenue Order book volume in €bn1 €m +14% +16% 388 47 43 43 43 4 Partner 340 41 markets 4 4 4 5 4 3 3 4 Listing 3 9 CCP 8 9 9 8 28 27 27 29 Trading 26 Q4/16 Q4/17 Q4/16 Q1/1
Slide 8: Q4/2017 – Clearstream
Q4 and FY/2017 Preliminary Results 21 February 2018 Deutsche Börse Group 7 Q4/2017 – Clearstream Business activity Q4/2017 y-o-y Net revenue €m ICSD: Assets +12% €6.6tr -2% 236 under custody 221 216 214 211 31 NII CSD: Assets 16 24 26 26 €4.6tr 3% 21 GSF under custody 20 21 20 20 35 IFS 33 35 32 IFS
Slide 9: Q4/2017 – Market Data + Services
Q4 and FY/2017 Preliminary Results 21 February 2018 Deutsche Börse Group 8 Q4/2017 – Market Data + Services Business activity Q4/2017 y-o-y Net revenue Index €m Calculation/distribution of indices through STOXX: +5% 105 ETF AuM STOXX €84.5bn 39% 100 101 99 93 ETF AuM DAX €29.7bn 15% 30 36 Index 25
Slide 10: Executive Board proposes increase of 2017 dividend per share by 4 per cent to 2.45 Euro
Q4 and FY/2017 Preliminary Results 21 February 2018 Deutsche Börse Group 9 Executive Board of Deutsche Börse AG proposes increase of 2017 dividend per share by 4 per cent to 2.45 Euro Capital management policy Dividend per share and pay-out In general, Deutsche Börse Group aims to distribute 40 Pa
Slide 11: New financial segment reporting will highlight growth areas from Q1/2018 onwards
Q4 and FY/2017 Preliminary Results 21 February 2018 Deutsche Börse Group 10 New financial segment reporting will highlight growth areas and increase modelling transparency from Q1/2018 onwards Current financial segment reporting (until 2017) New financial segment reporting (from Q1/2018) net revenue
Slide 12: Outlook 2018 – At least 10 per cent net income growth expected
Q4 and FY/2017 Preliminary Results 21 February 2018 Deutsche Börse Group 11 Outlook 2018 – At least 10 per cent net income growth expected For 2018 Deutsche Börse Group expects further secular net At least 5% secular net revenue revenue growth of at least 5%; major secular opportunities growth inc
Slide 13: Preliminary income statement – Group level adjusted
Q4 and FY/2017 Preliminary Results 21 February 2018 Deutsche Börse Group 12 Preliminary income statement – Group level adjusted Quarter ended Quarter ended 31 December 2017 31 December 2016 Sales revenue 680.6 654.2 Net interest income from banking business 37.1 22.0 Other operating income 9.7 14.2
Slide 14: Preliminary income statement – Segmental level
Q4 and FY/2017 Preliminary Results 21 February 2018 Deutsche Börse Group 13 Preliminary income statement – Segmental level Eurex Xetra Clearstream Market Data + Services Q4/2017 Q4/2016 Q4/2017 Q4/2016 Q4/2017 Q4/2016 Q4/2017 Q4/2016 Net revenue1 250.8 267.9 47.1 40.6 236.3 210.6 104.8 99.9 Staff co
Slide 15: Disclaimer
Preliminary Q4 and FY/2017 Results 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