Tmx Group Ltd. · TSX:X

Tmx — Q2 2026 Earnings Presentation

8 slides from Tmx's earnings presentation, Jul 31, 2026

  1. Slide 1: TMX Accelerates Global Expansion with Strategic Investment in MEMX Group

    TMX GROUP TMX Accelerates Global Expansion with Strategic Investment in MEMX Group July 30, 2026

  2. Slide 2: Introduction

    Introduction • MEMX and BOX1 to combine in a transaction valued at US$2.3 billion $3.2 billion2)3 • TMX Group to invest US$800 million $1.1 billion2) and contribute its existing ownership stake in BOX in exchange for 59%4 voting and economic interest in the combined exchange group • Leading m

  3. Slide 3: Combining Two Complementary Platforms to Create a Scaled Challenger

    Combining Two Complementary Platforms to Create a Scaled Challenger MEMX Combined Platform ● All-electronic equities market with a rapidly scaling options exchange (launched in 2023 10% 27% U.S. Equity Options Market Share1 2022  2025 Revenue CAGR3 ● Built on next-generation infrastructure wit

  4. Slide 4: Transaction Highlights

    Transaction Highlights ● Total transaction value of US$2.3 billion $3.2 billion1) or approximately 17 2025 Adjusted EBITDA2,3,4 Purchase Price ● TMX Group to invest US$800 million $1.1 billion1) and contribute its existing ownership stake in BOX into the combined exchange group ● TMX Group to o

  5. Slide 5: TMX's Demonstrated Deleveraging and Consistent Capital Allocation Strategy Execution

    TMXʼs Demonstrated Deleveraging and Consistent Capital Allocation Strategy Execution Debt / Adjusted EBITDA Rapid Leverage up to 3.4x Reduction Plan2 Cboe Australia Cboe Canada Expect to return to target range of up to 2.5x 1.5x - 2.5x within two years post-close Expect to Maintain Returns to Shareh

  6. Slide 6: Appendix

    Appendix Net Income Attributable to Equity Holders of TMX to Adjusted EBITDA1 Reconciliation for the Last Twelve Months ended June 30, 2026 (in millions Canadian dollars, unaudited) Jun 2026 LTM Net income attributable to equity holders of TMX $602.9 Income tax expense $222.9 Income before Income ta

  7. Slide 7: Disclaimers

    Disclaimers Forward-Looking Information FLI This presentation and certain oral statements of TMX Group Limited (“TMX Groupˮ, “usˮ, “weˮ, “ourˮ) contain “forward-looking informationˮ (as defined in applicable Canadian securities legislation) that is based on expectations, assumptions, estimates, pr

  8. Slide 8: Disclaimers

    Disclaimers Non-GAAP Financial Measures This presentation includes references to financial measures that are not defined by GAAP. Although such non-GAAP measures are calculated according to accepted industry practice, such measures disclosed in this presentation may be different from non-GAAP measur

TMX Group — Q2 2026 Earnings Presentation on 6ix