Deutsche Boerse Ag · XETR:DB1
Deutsche Boerse — Deutsche Börse — FY2024 Earnings Presentation
17 slides from Deutsche Boerse's earnings presentation, Feb 12, 2025
Slide 1: Annual Press Conference Financial Year 2024
Annual Press Conference Financial Year 2024 Preliminary results 12 February 2025
Slide 2: Development in 2024 is fully in-line with the Horizon 2026 growth trajectory
Development in 2024 is fully in-line with the Horizon 2026 growth trajectory Net revenue | €m EBITDA | €m Note +15% +15% ▪ Original guidance for net revenue and EBITDA significantly exceeded 5,829 ▪ Moderate organic operating cost 5,077 1,050 Treasury result growth of only 3% 962 ▪ Net revenue a
Slide 3: Deutsche Börse Group in Europe
Deutsche Börse Group in Europe ▪ More than 15,000 colleagues worldwide, thereof: ▪ 4,000 in Germany ▪ 6,000 in Europe outside Germany ▪ 1,500 in America ▪ 3,200 in Asia-Pacific Deutsche Börse is the infrastructure provider for capital markets with the broadest geographical presence in Europe Locatio
Slide 4: DNA of Deutsche Börse Group
DNA of Deutsche Börse Group Continuity and long-term orientation Innovation in technology and customer solutions Responsibility in entrepreneurship Deutsche Börse Group │ 12 February 2025 3
Slide 5: Strategic continuity with Horizon 2026: trends intact and good progress on implementation
Strategic continuity with Horizon 2026: trends intact and good progress on implementation Progress on strategy implementation Secular industry trends are fully intact, and we are well on-track to achieve Strong organic I our targets; new steering KPI (net revenue without treasury result) expected gr
Slide 6: Group financials
Group financials FY/2024 Net revenue | €m Costs | €m EBITDA | €m Cash EPS2 | € +15% +17% +15% +14% +16% w/o treasury result (TR)1 + 3% organic +18% w/o treasury result (TR)1 + 8% organic w/o TR1 +14% organic w/o TR1 5,829 5,077 1,050 Treasury result 11.36 962 9.98 3,396 2,944 1.050
Slide 7: Investment Management Solutions
Investment Management Solutions FY/2024 Net revenue | €m EBITDA | €m Business development +5% (organic, w/o treasury results) +6% (organic, w/o treasury results) ▪ Growing demand for best-in-class front-to-back investment management 1,285 technology that helps to increase efficiency for the buy-
Slide 8: Trading & Clearing
Trading & Clearing FY/2024 Net revenue | €m EBITDA | €m Business development +6% +8% ▪ Financial derivatives: fixed-income +7% w/o TR (margin fees) +9% w/o TR (margin fees) roadmap on track, with further regulatory tailwinds expected in 2025 2,407 2,263 165 Foreign exchange │+15% ▪ Commoditi
Slide 9: Fund Services
Fund Services FY/2024 Net revenue | €m EBITDA | €m Business development +12% +23% ▪ Secular trend of outsourcing fully intact +13% w/o TR (NII)1 +28% w/o TR (NII)1 and complemented with expansion of product and service offering 494 ▪ Fund Services segment benefited from 440 61 Net interest i
Slide 10: Securities Services
Securities Services FY/2024 Net revenue | €m EBITDA | €m Business development +9% +10% ▪ Securities Services positively affected +7% w/o TR (NII)1 + 8% w/o TR (NII)1 by ongoing high level of fixed income issuance activity and higher equity 1,643 market levels, resulting in record 1,511 level
Slide 11: Shareholder returns
Shareholder returns FY/2024 Dividend and share buy-back | €m Capital management ▪ Consistent execution of the refined €3.00 €3.20 €3.60 €3.80 €4.00 Dividend per share capital allocation principles ▪ Dividend proposal for 2024 of €4.00 +24% per share, a pay-out ratio of 38% (AGM 14 May 2025) 1,235
Slide 12: Outlook
Outlook FY/2025 Net revenue | €bn ~0.7 Treasury result (TR) >0.8 1.0 1.0 0.5 ~5.2 ~5.7 Net revenue 4.1 4.8 w/o treasury result ▪ Guidance for 2025 is for around €5.2 billion of net 3.8 revenue without treasury result and around €2.7 billion EBITDA without treasury result 20221 2023 2024 2025E 2026E
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Slide 14: Our core businesses
Our core businesses Global reference market for Europe’s leading derivatives Trusted global player in post- Leading global provider of German equities and ETFs in exchange and one of the leading trade transformation of securities Software-as-a-Service (SaaS) Europe central counterparties globally to
Slide 15: Mobilise private capital to foster growth and competitiveness
Mobilise private capital to foster growth and competitiveness Deutsche Börse Group Infrastructure Supply Demand Deutsche Börse Group │ 12 February 2025 14
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Slide 17: Media calendar and contacts
Media calendar and contacts Media calendar 11 Feb 2025 Publication preliminary results Q4 and FY 2024 (around 19:00) Deutsche Börse AG 12 Feb 2025 Annual Press Conference 2025 (10:30) Media Relations 12 Feb 2025 Analyst and investor conference call Q4 and FY 2024 Mergenthalerallee 61 26-27 Feb 2025