Slide 1: Flow Traders Ltd. 3Q 2024 Trading Update
31 OCTOBER 2024 Flow Traders Ltd. 3Q 2024 Trading Update Flow Traders |
Slide 2: Disclaimer
Disclaimer This presentation is prepared by Flow Traders Ltd. and is for information purposes only and the material Forward-looking statements speak only as at the date at which they are made. Flow Traders expressly contained in this document is provided ‘as is’. It is not a recommendation to engage
Slide 3: 3Q24 and YTD Snapshot
3Q24 and YTD Snapshot 3Q24 was the best third quarter result in the company’s 20-year history ETP Value Traded (€bn) Total Value Traded (€bn) Total Income (€m) Summary Flow Traders Equity NTI Market Fixed income Other income Flow Traders’ ETP Value Traded CCC increased by 9% y/y in the quarter 34,
Slide 4: Global ETP Market Continues to Grow in 3Q24
Global ETP Market Continues to Grow in 3Q24 Record fund inflows into ETPs year-to-date ETP Value Traded (€bn) * Average Implied Volatility (VIX) 15,085 60 13,676 GENERAL MARKET DEVELOPMENTS 55 11,640 50 11,411 11,349 11,714 11,979 11,748 Market ETP Valued Traded increased 10,948 10,146 11,014 45 10
Slide 5: Fixed Income and Crypto Market Dynamics
Fixed Income and Crypto Market Dynamics Volumes increased in Fixed Income while Crypto saw mixed activity TRACE Volumes ($bn) MOVE Index US Investment Grade US High Yield 3,115 3,069 2,902 140 2,708 BOND MARKET DEVELOPMENTS 2,546 701 653 120 2,335 658 U.S. Investment Grade and High Yield 2,163 2,1
Slide 6: 3Q24 Regional Performance Overview
3Q24 Regional Performance Overview Market ETP Value Traded (€bn) Flow ETP Value Traded (€bn) Revenue (€m) 3Q24 Highlights +21% -1% +50% 1,790 467 460 187 Shifted capital to regions and asset classes with Europe 1,482 +109% greater levels of price dislocations to capture more 125 +37% +26% opportun
Slide 7: Continued Investments to Drive Strategic Growth
Continued Investments to Drive Strategic Growth While focusing on operational and cost efficiencies Fixed Operating Expenses (€m)* EBITDA Margin (%) FTEs Employee expenses (fixed) Trading Technology Other Technology expenses Other expenses 44 42 -3% 137.9 653 658 646 633 635 646 133.6 225 221 219 209
Slide 8: Structural Growth Driven by Diversification Strategy
Structural Growth Driven by Diversification Strategy Strong EBITDA margins given high operating leverage and flexible compensation philosophy NTI vs. Implied Market Volatility (VIX) EBITDA and EBITDA Margins 1,000 NTI (€m) 40 700 80 35 EBITDA (€m) 900 Average VIX 35 EBITDA Margin (%) 63% 70 600 800 30
Slide 9: Trading Capital Expansion Plan
Trading Capital Expansion Plan Multi-layered plan accelerated increases in Trading Capital and Shareholders’ Equity Trading Capital and Return on Trading Capital Shareholders’ Equity and Return on Equity 1,800 140 1,400 101% 110 Trading Capital (€m) 121% Shareholders’ Equity (€m) 1,600 100 Return on
Slide 10: Supportive Mega Trends Remain Intact as Growth Catalysts
Supportive Mega Trends Remain Intact as Growth Catalysts Four key trends continue to shape Flow Traders’ market environment, offering significant opportunities Digital assets ETP growth Electronification Regulation $25tr ~50% Executed volumes >$2tr Total Crypto Market Number of national regulations
Slide 11: Focus on Key Strategic Pillars
Focus on 4 Key Strategic Pillars To Grow, Strengthen and Accelerate the Business Optimize core & grow trading capital Build an increasingly efficient business model through optimization of our trading core Simultaneously grow our trading capital base to accelerate all existing and new trading str
Slide 12: Q&A
Q&A FLOW B@TRADERS 12
Slide 13: Thank You
Thank You FLOW B@TRADERS
Slide 14: Appendix
Appendix FLOW B@TRADERS 14
Slide 15: Deferred Variable Employee Expenses Schedule
Deferred Variable Employee Expenses Schedule Deferred share awards plan results in deferred variable employee expenses 2023 charge 2024 charge 2025 charge Off balance liability 2024 2025 2026 2021 variable remuneration 1.4 0.0 0.0 2025 -33% 11% 2022 variable remuneration 4.3 1.7 0.0 Share awards 202
Slide 16: Latest Market ETP Statistics
Latest Market ETP Statistics Flow Traders | 16