Slide 1: Flow Traders Q4 2022 & FY22 Results
TRADERS
Slide 2: Disclaimer
Disclaimer This presentation is prepared by Flow Traders Ltd. and is for information purposes only and the material contained in this document is provided ‘as is’. Itis not a recommendation to engage in investment activities and you must not rely on the content of this document when making any inves
Slide 3: Q422 & FY22 snapshot
Q422 & FY22 snapshot Q4 further demonstrated Flow Traders growing resilience and trading diversification- strong financial performance recorded in 2022 Highlights ETP Value Traded (€bn) Total Value Traded (€bn) Total Income (€m) Hl Flow Traders : MM Equity 7 a a 7 mat a 4606 7 HB Market : sign | I F
Slide 4: Elevated levels of ETP market activity in Q4
In d levels of ETP market activity in Q4 ETP Value Traded (€bn) * VIX 15,085 Quarterly average 2022 GENERAL MARKET DEVELOPMENTS 40 40 40,948 1,411 1,640 = Flows dominated by equities and fixed income - 35 35 ' 10,666} increased fixed income activity following interest. 30 rate volatility and inflati
Slide 5: Fixed income and crypto market dynamics
Fixed income and crypto market dynamics TRACE volumes ($bn) 2,522 2,208 2,353 1,928 = 1,935 Qi21 Q221 Q321 Q421 Q122 Bitcoin price ($) and volume ($m) 2,325 Q222 HM US High Grade I Us High Yield 2,163 Q322 2,179 Q422 200,000 150,000 100,000 50,000 2021 ‘Source: Bloomberg, Tradete CoinMarketCap Flow
Slide 6: Q422 & FY22 regional performance overview
Q422 & FY22 regional performance overview Market ETP Value Traded (€bn) — Flow ETP Value Traded (€bn) NTI (€m) Q422 Highlights 313 246 FY21 FY22 FY21 FY22 Q322 Q422 1 FY21 FY22 37 =| 0322422 0322-422 so fea _@ 9 a: 395-403 0 D HH = Q322 Q422 Q322 Q422 Note: Asia market ETP value traded excludes Chin
Slide 7: Continued investment to drive strategic growth – healthy margins maintained
inued investment to drive strategic growth — heal ins maintained Normalized fixed operating expenses (€m)* Normalized EBITDA margin (%) FTEs Hl Employee expenses (fixed) Hl Technology expenses I other expenses MM Trading Ml Technology Ml Other ita 63 624. gn_—839 554 202 197 208) 249MM 237 fmm 248 4
Slide 8: Fixed operating expenses development in 2022
Fixed operating expenses development in 2022 19% year-on-year increase in fixed operating expenses when adjusted for USD strengthening and targeted base compensation increases FY21 vs FY22 normalized fixed operating expenses (€m) I Employee expenses (fixed) I Technology expenses I other expenses 122
Slide 9: Capital update
Capital update Regulatory Own Funds Requirement (OFR) (€m) Trading capital 540 438 gg «4492 175 78 fa °° am 337 aes BN-Dec-20 31-Mar-21 30-Jun-21 30-Sep-21 3+-Dec-21—H-Mar-22-30-lun-22 30-Sep-22 3-Dec-22 HM Excess Capital IJ Required Own Funds Note: CET poston asat 31 December2022is net ofthe announ
Slide 10: Supportive mega trends remain intact
Supportive mega trends remain intact Four key trends continue to shape Flow Traders’ market environment, largely offering an increased market opportunity set Lege Digital assets : ETP acceptance Electronification Regulation % 86b a 2x 70%+ S n Number of national regulations 2022 crypto spot daily gl
Slide 11: Key strategic objective
Key strategic objective Significant strategic achievements in 2022 with clear focus areas for 2023 - fully aligned with the road to €1bn NTI ambition Strategic FLOW TRADERS focus CCC: Crypto, currencies and commodities Deepen product coverage and __Equity J geographic footprint to align with structu
Slide 12: Flow Traders Capital - systematic strategic ecosystem approach
Flow Traders Capital - systematic strategic ecosystem approac! Accelerating Flow Traders overall strategy by driving electronification and transparency while deepening presence across financial markets innovation Selected 2022 investments Flow Traders Capital ; P RFQ-hub = Samar” Equities May 2022 a
Slide 13: Q&A
Q&A Flow Traders | Q422 & FY22 Results 3
Slide 14: Thank you!
Thank you! FLOW TRADER S © ansterpam = CLUJ = HONGKONG © LONDON = MILAN © NEWYORK © PARIS © SHANGHAI © SINGAPORE
Slide 15: Flow Traders! Q422 & FY22 Results 15
Flow Traders! Q422 & FY22 Results 15
Slide 16: Unrecognized variable expenses schedule
Unrecognized variable expenses schedul Share plan has a different accounting treatment to the previous FCIP which creates an unrecognised variable expenses schedule 1023 charge 2025 charge 2026 charge ff balance liability 2026-25% 10% 2021 FCIP 2019 2020 variable remuneration Share awards 2026 -25%
Slide 17: Normalized income statement (unaudited)
ormalized income statement (unaudited) €million Q422 Q322 Change Fy22 Fy21 Change Normalized total income 113.9 112.2 2% 460.6 387.1 19% Normalized net trading Income 115.6 m7 3% 459.5 384.0 20% EMEA 66.2 874 (24%) 312.5 245.8 27% Americas 37.1 14.4 157% O17 TAA 23% APAC 12.3 9.9 25% 55.2 63.8 (13%)
Slide 18: IFRS income statement (unaudited)
IFRS income statement (unaudited) + Normalized EBITDA and margin are based on the relevant profit share percentage of operating result for Emillion 422 322 ___ Change Fy22 Fy2t Change the relevant financial period without any IFRS 2 adjustments for share-based payments. The profit share Total Income
Slide 19: On & Off Exchange Value Traded - Global (€bn)
2022 2021 Dec Nov Oct Sep Aug Jul Jun May Apr Mar Feb Jan Dec On & Off Exchange* Value Traded - Global (€bn) 3,640 3,976 4,024 4,244 3,623 3,544 4,253 5,119 4,303 5,377 4,477 5,230 4,261 On & Off Exchange* Value Traded - EMEA (€bn) 168 180 158 184 164 184 187 198 182 289 245 233 184 On & Off Exchang