Slide 1: 2Q and 1H 2024 Results Presentation
Flow Traders Ltd. 2Q and 1H 2024 Results Presentation 26 July 2024 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: 2Q24 and 1H24 Snapshot
2Q24 and 1H24 Snapshot 2Q24 saw improvements in market trading volumes but volatility remained subdued. ETP Value Traded (€bn) Total Value Traded (€bn) Total Income (€m) Summary Flow Traders Equity CCC NTI Market trading volumes improved in Fixed income Other Market Other income the quarter both q
Slide 4: Global ETP Market Continues to Grow in 2Q24
Global ETP Market Continues to Grow in 2Q24 ETP Value Traded (€bn) * Average Implied Volatility (VIX) 15,085 GENERAL MARKET DEVELOPMENTS 60 13,676 55 Market ETP Valued Traded increased 11,640 50 11,411 11,714 11,979 by 12% y/y in 2Q24 vs. 2Q23. 10,948 11,349 11,014 45 10,666 10,146 9,872 9,195 9,3
Slide 5: Fixed Income and Crypto Market Dynamics
Fixed Income and Crypto Market Dynamics TRACE Volumes ($bn) US CDX Index US High Grade US High Yield BOND MARKET DEVELOPMENTS 600 IG (bps) HY (bps) 3,115 U.S. Investment Grade and High Yield 2,902 500 2,708 bond volumes increased in 2Q24 on 2,546 701 y/y basis but decreased q/q. However, 2,325 2,3
Slide 6: 2Q24 & 1H24 Regional Performance Overview
2Q24 & 1H24 Regional Performance Overview Market ETP Value Traded (€bn) Flow ETP Value Traded (€bn) Revenue (€m) 2Q24 and 1H24 Highlights +14% -12% +28% 1,178 340 117 1,036 300 Maintained position as a leading liquidity provider in ETPs Europe +26% 92 amidst muted market activity and decreased vol
Slide 7: Continued Investment to Drive Strategic Growth while Focusing on Operational and Cost Efficiencies
Continued Investment 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 40 -2% 90.4 88.5 667 653 658 646 633 635 28 27 219 225 221 219
Slide 8: Initiation of Multi-Layered Trading Capital Expansion Plan to Increase Trading Capital
Initiation of Multi-Layered Trading Capital Expansion Plan to Increase Trading Capital Trading Capital and Return on Trading Capital Cumulative Dividends Paid Since IPO 1,800 140 1,000 Return on trading capital (%) 121% Cumulative Dividends (€m) 1,600 Total trading capital (€m) 900 120 1,400 800 90%
Slide 9: 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, largely offering an increased market opportunity set Digital assets ETP growth Electronification Regulation 2x ~50% $2.5 tr Total Crypto Market Number of national regulation
Slide 10: Focus on Key Strategic Pillars to Grow, Strengthen and Accelerate the Business
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 11: Q&A
Q&A Flow Traders|| 2Q24 & 1H24 Results FlowTraders 11
Slide 12: Thank you!
Thank you! Flow Traders |
Slide 13: Appendix
Appendix FlowTraders Flow Traders|| 2Q24 & 1H24 Results 13
Slide 14: Unrecognized Variable Expenses Schedule
Unrecognized Variable Expenses Schedule Share plan has a different accounting treatment to the previous FCIP which creates an unrecognized variable expenses schedule 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 var
Slide 15: Recent Monthly Market Updates
Recent Monthly Market Updates FlowTraders Flow Traders|| 2Q24 & 1H24 Results 15