Deutsche Boerse Ag · XETR:DB1

Deutsche Boerse — Deutsche Börse Group — Merger or Acquisition (April 2019)

11 slides from Deutsche Boerse's merger presentation, Apr 10, 2019

  1. Slide 1: Deutsche Börse Creates Leading Index and Portfolio / Risk Analytics Business

    Deutsche Börse Group 1 Deutsche Börse Creates Leading Index and Portfolio / Risk Analytics Business Analyst and Investor Conference Call 10 April 2019

  2. Slide 2: Transaction summary

    Analyst and Investor Conference Call 10 April 2019 Deutsche Börse Group 2 Transaction summary  Deutsche Börse is acquiring Axioma for $850 million cash/debt free (~$820 million equity value) and will combine it with its index business (STOXX/DAX) valued at €2.6 billion  General Atlantic (“GA”) wil

  3. Slide 3: Axioma provides buy-side access and strong entry into portfolio and risk management workflows

    Analyst and Investor Conference Call 10 April 2019 Deutsche Börse Group 3 Axioma provides buy-side access and strong entry into portfolio and risk management workflows Key facts & investment highlights Axioma solutions ▪ Global provider of multi-asset class portfolio and risk  Portfolio management

  4. Slide 4: Deutsche Börse's index business is the leading European provider

    Analyst and Investor Conference Call 10 April 2019 Deutsche Börse Group 4 Deutsche Börse’s index business is the leading European provider  Excellent market position: #1 European tradable index, #2 European provider for rules-based strategies, benchmarks and data sets, #4 globally, #1 in structured

  5. Slide 5: Strong strategic rationale for highly complementary combination of Axioma and Deutsche Börse's index business

    Analyst and Investor Conference Call 10 April 2019 Deutsche Börse Group 5 Strong strategic rationale for highly complementary combination of Axioma and Deutsche Börse’s index business Strategic rationale Vision Create a buy-side intelligence leader with open infrastructure Analytics, indices, perfor

  6. Slide 6: Combination will result in meaningful synergy opportunities

    Analyst and Investor Conference Call 10 April 2019 Deutsche Börse Group 6 Combination will result in meaningful synergy opportunities Annualized run-rate synergies (pre tax, end of 2021)  New index concepts and investment solutions  New product listings and risk Revenue derivatives on Eurex synerg

  7. Slide 7: Transaction structure crystalizes value of index asset, preserves M&A firepower and ensures value creation

    Analyst and Investor Conference Call 10 April 2019 Deutsche Börse Group 7 Transaction structure crystalizes value of index asset, preserves M&A firepower and ensures value creation Simplified transaction structure Key transaction steps Axioma  Deutsche Börse to transfer its Deutsche Börse General A

  8. Slide 8: Involvement of General Atlantic ensures entrepreneurial culture and helps to accelerate growth

    Analyst and Investor Conference Call 10 April 2019 Deutsche Börse Group 8 Involvement of General Atlantic ensures entrepreneurial culture and helps to accelerate growth of the combined company General Atlantic overview Rationale for strategic partnership with GA  Top growth investor – invested >$30

  9. Slide 9: Transaction is expected to achieve strong value creation through macro trends, margin upside and synergies

    Analyst and Investor Conference Call 10 April 2019 Deutsche Börse Group 9 Transaction is expected to achieve strong value creation through macro trends, margin upside and synergies Equity value growth potential of new company – illustrative  Significant value accretion expected through >€6.6bn − Ma

  10. Slide 10: Key messages

    Analyst and Investor Conference Call 10 April 2019 Deutsche Börse Group 10 Key messages  Strategic transaction in-line with “Roadmap 2020” programme  Programmatic M&A  Creates buy-side intelligence leader  Augments scale of pre-trading business (index segment)  Strong business rationale  Axiom

  11. Slide 11: Disclaimer

    Deutsche Börse Group 11 Analyst and Investor Conference Call Disclaimer Cautionary note with regard to forward-looking statements: This document contains forward-looking statements and statements of future expectations that reflect management's current views and assumptions with respect to future ev

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