Virtu Financial, Inc. · NYSE:VIRT
Virtu Financial — Piper Sandler Market Structure Conference June 2021
8 slides from Virtu Financial's conference presentation, Jun 9, 2021
Slide 1: Virtu Financial Update
Piper Sandler Market Structure Conference June 2021 Virtu Financial Update 2021 Virtu Financial. All rights reserved. Not to be reproduced or retransmitted without permission.
Slide 2: Multiple Growth Levers
Multiple Growth Levers Virtu Normalized Historical Results Pro Forma Pro forma results for Virtu + KCG + ITG result in through-Through-the-Cycle ANTI per Day1 Adj. EPS1 Adj. EBITDA1 the-cycle Adj. NTI per day of ~$5.50 million --before the benefits of growth initiatives and Median$5.5$2.69$831 Impac
Slide 3: Virtu is emerging from 'Integration-Mode' to a steady state
Virtu is emerging from ‘Integration-Mode’ since mid-2017 (4+ years) to a steady state Operating ExpensesCapitalization Capital Return Quarterly Cash Expense Base (Quarterly Average, $mn)1 Leverage Multiple (End of Period Debt to LTM Adj. EBITDA)1 2.50 Return on Capital (LTM Adj. EBITDA divided by LT
Slide 4: Organic Initiatives Contribute to Growth and Strong Performance
Organic Initiatives Contribute to Growth and Strong Performance $942K/day Daily Average Adj. Net Trading Income1 of Organic Growth Initiatives CAGR2 +120% $656K/day $160K/day $296K/day FY 2018FY 2019FY 20201Q 2021 % of Adj. NTI1 $M of Adj. NTI1 4% $40 8% $75 7% $166 8% $57 Growth in Existing Markets
Slide 5: Our Global Client Network
Our Global Client Network Algos + SOR Globally-consistent and intention-based strategies ITG Net Global multi-asset managed service provides 600+ broker firms,11.5k+ connections, integration of 5,700+ algos 12.5K Our reach 50+ countries 250 + venues 25K + securities Liquidity venues US, CAN, EMEA, A
Slide 6: Appendix and End Notes
VIRTU G FINANCIAL Appendix and End Notes
Slide 7: Pro Forma Adjusted Normalized Historical Results
Pro Forma Adjusted Normalized Historical Results ($mn) Standalone Adj. NTI Virtu Adj, NTI" KCG Adj. NTI ITG Adj. NTI" (-) Discontinued Operations’ () Impact of Growth Initiatives! Pro Forma Adj. NTI Per Day (-) Adjusted Cash Compensation” () Adjusted Comms & Data + Overhead” Adjusted EBITDA Pro Form
Slide 8: End Notes
Slide 2 This reflects a non-GAAP measure. Please see a reconciliation to the corresponding GAAP measure in the Virtu filed presentations, found here: https://ir.virtu.com/events-and-presentations/default.aspx. Please see the Appendix for the pro forma build. This reflects a non-GAAP measure. Please
Virtu Financial — Piper Sandler Market Structure Conference June 2021 on 6ix