Slide 1: Flow Traders N.V. Q3 2015
Flow Traders N.V. Q3 2015 AMSTERDA M - NEW YORK - SINGAP O R E - CLUJ
Slide 2: Disclaimer
Disclaimer This presentation is prepared by Flow Traders N.V. and is for information purposes only. It is not a recommendation to engage in investment activities and you must not rely on the content of this document when making any investment decisions. The information in this document does not co
Slide 3: Content
Content Q3 2015 Highlights Further strengthening of YTD results Consolidated results Performance by region Operational expenses Consolidated financial position Other items Medium to long-term guidance 3
Slide 4: Q3 2015 Highlights
Q3 2015 Highlights Continued NTI growth driven by strong execution and periods of higher volatility Inflows AuM Total market AuM inflows amounted to €76bn during Q3 2015 (Q2 2015 €48bn) Flow Traders Q3 ETP value traded was €180bn compared to €150bn in Q2 2015 Volumes (increase of 20%). YTD Flow Trad
Slide 5: Further strengthening of YTD results
Further strengthening of YTD results Continuous strong growth in NTI ETP AuM (€tn) Market ETP value Flow ETP value Flow NTI (€m) Flow revenue 4.0 16.0 traded (€tn) 600 traded (€bn) 300 5 capture (bps) 10.9 511 240 4.7 500 250 4 2.5 8.0 6.8 400 341 200 1.9 3 2.0 4.0 300 150 2.9 99 2 200 100 2.0 1 100
Slide 6: Consolidated results
Consolidated results NTI benefited from periods of high volatility and strong execution Adj. Q3 Adj. Q2 Q3 Q2 Adj. Q3 Adj. YTD YTD YTD Adj. YTD-15 Consolidated (in €m) 2015 2015 2015 2015 vs adj. Q2 Sep 15 Sep 15 Sep 14 vs YTD-14 Net trading income 92.8 70.5 92.8 70.5 32% 240.2 240.2 99.5 141% Perso
Slide 7: Europe
Europe Consistent market leader NTI (in €m) 160 149 60 2015 YTD 52 In €bn unless otherwise stated Q3 Q2 ∆ Sep-15 Sep-14 ∆ 140 50 46 ETP AuM (end of period) 453 467 (3%) 453 364 24% 120 100 40 Market ETP value traded 238 233 2% 717 443 62% 68 80 30 60 20 Flow Traders ETP value traded 113 94 20% 309 1
Slide 8: Americas
Americas Sharp increase in revenue capture during Q3 NTI (in €m) 2015 YTD 45 38.4 20 17.4 In €bn unless otherwise stated Q3 Q2 ∆ Sep-15 Sep-14 ∆ 40 35 15 ETP AuM (end of period) 1,845 1,968 (6%) 1,845 1,423 30% 30 Market ETP value traded 3,333 2,595 28% 8,899 5,955 49% 25 20.6 10 8.1 20 Flow Traders
Slide 9: Asia
Asia Outperforming markets NTI (in €m) 2015 YTD 60 52.7 25 23.0 In €bn unless otherwise stated Q3 Q2 ∆ Sep-15 Sep-14 ∆ 50 20 16.8 ETP AuM (end of period) 199 208 (4%) 199 137 46% 40 Market ETP value traded 422 510 (17%) 1,261 384 228% 15 30 10 Flow Traders ETP value traded 20 14 42% 48 24 103% 20 10
Slide 10: Operational expenses
Operational expenses Stable and predictable low cost base Adj. Q3 Adj. Q2 Q3 Q2 Adj. Q3 Adj. YTD YTD YTD Adj. YTD-15 Consolidated (in €m) 2015 2015 2015 2015 vs adj. Q2 Sep 15 Sep 15 Sep 14 vs YTD-14 Net trading income 92.8 70.5 92.8 70.5 32% 240.2 240.2 99.5 141% Personnel expenses (fixed) (5.0) (4
Slide 11: Consolidated financial position
Consolidated financial position Further strengthening of Flow Traders’ Balance Sheet Condensed Balance Sheet In €m ∆ 30 Sept 15 Assets 30 Sep 15 30 Jun 15 31 Dec 14 vs. 30 Jun 15 Trading capital 294 280 204 14 Property, Equipment and Intangible Assets 25 26 22 (1) Other Assets 12 11 6 1 Total Assets
Slide 12: Other items
Other items Value traded almost tripled Monday 24 Revenue capture above 10 bps August All trading market neutral, with all operations functioning as expected We are pleased to announce that we have formalised our open and transparant Tax relationship with the Dutch tax authorities (we entered
Slide 13: Medium to long-term guidance
Medium to long-term guidance Combining growth with strong cash generation On average, continue to grow ahead of growth in global ETP AuM Growth Additional upside during periods of higher volatility Costs Continue to control fixed costs in line with prior years1 Dividend Maintain adequate cap
Slide 14: Appendix
Appendix
Slide 15: Appendix - Growth drivers
Appendix 1 - Growth drivers Delivering on strategic growth and financial objectives External – Growth Catalysts for ETP Liquidity Providers Internal – Flow Traders Specific Growth Opportunities New Products New Markets Grow presence in the fixed income ETP space Operational Upside in the Improve
Slide 16: Appendix – Equity conversion
Appendix 2 – Equity conversion Movement schedule Equity Member capital Share Share Legal Other Profit for Total In €m accounts Capital Premium reserves reserves the year equity 31 Dec 2014 65.2 9.7 67.9 142.8 Transfer to equity 67.9 (67.9) - Capital contribution 22.2 22.2 Other comprehensive income
Slide 17: Appendix - Glossary
Appendix 3 - Glossary Adjusted Earnings (NTI, net profit, EBITDA, etc.) adjusted for one-off expenses related to the IPO and earnings SARs expenses. EBITDA Operating result before depreciation of property and equipment, amortization of intangible assets, write off of tangible and intangible assets a
Slide 18: Thank you
Thank you