Cboe Global Markets, Inc. · CBOE:CBOE
Cboe Global Markets — CBOE Holdings — Shareholder Meeting (May 2016)
28 slides from Cboe Global Markets's shareholder meeting presentation, May 19, 2016
Slide 1: Welcome: 2016 Annual Meeting of Stockholders
Welcome 2016 Annual Meeting of Stockholders Thursday, May 19, 2016
Slide 2: William J. Brodsky, Chairman
William J. Brodsky Chairman
Slide 3: Meeting Agenda
Meeting Agenda Introduction of Board of Directors and Senior Executives Vote on Proposals Business Review and Update Questions & Answers Report Preliminary Voting Results CBOE HOLDINGS 3
Slide 4: 2016 Annual Meeting of Stockholders
2016 Annual Meeting of Stockholders Thursday, May 19, 2016
Slide 5: Edward T. Tilly, Chief Executive Officer
Edward T. Tilly Chief Executive Officer
Slide 6: Forward-Looking Statements
Forward-Looking Statements This presentation may contain forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are those statements that reflect our expectations, assumptions or projections about the future and involve a nu
Slide 7: 2015 Fifth Consecutive Year of Record Financial Results; Record First-Quarter Results
2015 Fifth Consecutive Year of Record Financial Results; Record First-Quarter Results Our mission is to be the leader in providing innovative products that facilitate and enhance trading in a global marketplace ¹Adjusted to reflect the impact of certain items. See appendix for “Non-GAAP Information.
Slide 8: Translating our Mission and Strategic Initiatives into Long-Term Shareholder Value
Translating our Mission and Strategic Initiatives into Long-Term Shareholder Value Our mission is to be the leader in providing innovative products that facilitate and enhance trading in a global marketplace Strategic Initiatives • Develop unique products • Form strategic alliances that leverage and
Slide 9: Further Developing Current Products to Grow Index Product Line
Further Developing Current Products to Grow Index Product Line S&P 500 Index (SPX) options, the most actively traded U.S. index option SPX ADV* (in thousands) 939 973 Introduced SPX Weeklys with 823 888 698 Wednesday Expirations on Feb. 23 Increases opportunities to trade SPX Enables investors to be
Slide 10: Leveraging VIX Methodology to Create New Products and Grow Index Product Line
Leveraging VIX Methodology to Create New Products and Grow Index Product Line CBOE Volatility Index (VIX Index) is VIX Options ADV Chart Title considered the world’s barometer of (in thousands) equity market volatility 567 632 573 632 443 Launched VIX Weeklys futures in July, options in October 2015
Slide 11: Leveraging Partnerships With Index Providers to Grow Index Product Line
Leveraging Partnerships With Index Providers to Grow Index Product Line Sole U.S. provider of major FTSE Russell products and MSCI index products RUT Options ADV Industrywide (in thousands) In April 2015, CBOE became exclusive home for trading options on 97 the Russell 2000 Index (RUT) 81 79 85 72 I
Slide 12: Forming Alliances to Develop New Products and Markets
Forming Alliances to Develop New Products and Markets Teamed with Environmental Financial Products (EFP) to launch American Financial Exchange (AFX), an interbank lending exchange AFX is an electronic marketplace for small and mid-sized banks to lend and borrow short-term funds, launched in mid-Dece
Slide 13: Forming Alliances that Enhance Customers' Trading Experience
Forming Alliances that Enhance Customers’ Trading Experience CBOE acquired the market data services and trading analytics platforms of Livevol, Inc. Livevol is a leading provider of equity and index options technology and market data services for professional and retail traders Livevol’s trade analy
Slide 14: Forming Alliances that Leverage Our Strengths
Forming Alliances that Leverage Our Strengths Teamed with London Stock Exchange Group (LSEG) and major dealer banks to form CurveGlobal, a new interest rate derivatives platform Products will trade on the LSE Derivatives Market and clear through LCH.Clearnet Expected to provide more product choices,
Slide 15: Expanding Options and Volatility Trading
Expanding Options and Volatility Trading CBOE made a majority equity investment in Vest Financial (VEST), an asset management firm that provides options-based products Vest through its subsidiaries provides: Options-based investment advisory services through packaged products Develops technology sol
Slide 16: Expanding Our Global Customer Base
Expanding Our Global Customer Base Expanding outreach and investor education around the world In 2015, expanded CBOE Risk Management Conference (RMC) to include Asia First RMC Asia held in Hong Kong in December CBOE RMC now includes RMC U.S., RMC Europe and RMC Asia Launched the first extension of C
Slide 17: Broadening Access to Proprietary Products
Broadening Access to Proprietary Products Over 11% of VIX futures traded during non-U.S. hours through April 2016, up from 9% for full-year 2015 Extended trading hours for VIX and SPX options in March 2015 Six-hour session begins at 2:00 a.m. CT; aligns with open of trading in London ¹Extended hours
Slide 18: CBOE Continues to Shape and Define the Industry it Created 43 Years Ago
CBOE Continues to Shape and Define the Industry it Created 43 Years Ago CBOE offers the world’s widest array of options and volatility products, as well as, deep liquid markets in which to trade them Product Customer Trading Industry Innovation Education Technology Advocacy Shaping and Defining the
Slide 19: Committed to Creating Long-Term Shareholder Value
Committed to Creating Long-Term Shareholder Value Continue to capitalize on the favorable operating leverage inherent in our business Disciplined expense management Prudent allocation of capital ¹Adjusted to reflect the impact of certain items. See appendix for “Non-GAAP Information.” CBOE HOLDINGS
Slide 20: Questions & Answers
Questions & Answers
Slide 21: 2016 Annual Meeting of Stockholders
2016 Annual Meeting of Stockholders Thursday, May 19, 2016
Slide 22: Appendix Materials
Appendix Materials
Slide 23: GAAP to Non-GAAP Reconciliation For 2010 and 2011
GAAP to Non-GAAP Reconciliation For 2010 and 2011 GAAP to Non-GAAP Reconciliation (in thousands, except per share amounts) 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 FY2010 FY2011 Reconciliation of GAAP Net Income Allocated to Common Stockholder to Non-GAAP GAAP net income allocated to common stockholders $ 20,0
Slide 24: GAAP to Non-GAAP Reconciliation For 2012 and 2013
GAAP to Non-GAAP Reconciliation For 2012 and 2013 GAAP to Non-GAAP Reconciliation (in thousands, except per share amounts) 1Q12 2Q12 3Q12 4Q12 FY2012 1Q13 2Q13 3Q13 4Q13 FY2013 Reconciliation of GAAP Net Income Allocated to Common Stockholder to Non-GAAP GAAP net income allocated to common stockhold
Slide 25: GAAP to Non-GAAP Reconciliation For 2014 and 2015
GAAP to Non-GAAP Reconciliation For 2014 and 2015 GAAP to Non-GAAP Reconciliation (in thousands, except per share amounts) 1Q14 2Q14 3Q14 4Q14 FY2014 1Q15 2Q15 3Q15 4Q15 FY2015 Reconciliation of GAAP Net Income Allocated to Common Stockholder to Non-GAAP GAAP net income allocated to common stockhold
Slide 26: GAAP to Non-GAAP Reconciliation For 2016
GAAP to Non-GAAP Reconciliation For 2016 GAAP to Non-GAAP Reconciliation (in thousands, except per share amounts) 1Q16 2Q16 3Q16 4Q16 FY2016 Reconciliation of GAAP Net Income Allocated to Common Stockholder to Non-GAAP GAAP net income allocated to common stockholders $ 49,198 Add: Accelerated stock-
Slide 27: Non-GAAP Information
Non-GAAP Information In addition to disclosing results determined in accordance with GAAP, CBOE Holdings has disclosed certain non-GAAP measures of operating performance. These measures are not in accordance with, or a substitute for, GAAP, and may be different from or inconsistent with non-GAAP fin
Slide 28: CBOE, 400 South LaSalle Street, Chicago
CBOE 400 South LaSalle Street Chicago, Illinois 60605 www.cboe.com