Intercontinental Exchange Inc. · NYSE:ICE

Intercontinental Exchange — 14th Annual Credit Suisse Financial Services Forum (February 2013)

14 slides from Intercontinental Exchange's conference presentation, Feb 12, 2013

  1. Slide 1: Credit Suisse Financial Services Forum: IntercontinentalExchange (ICE)

    CREDIT SUISSE FINANCIAL SERVICES FORUM IntercontinentalExchange (ICE) FEBRUARY 12, 2013

  2. Slide 2: Safe Harbor

    Safe Harbor CAUTIONARY STATEMENT REGARDING FORWARD LOOKING STATEMENTS This presentation may contain "forward-looking statements" made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements regarding IntercontinentalExchange's business that are not

  3. Slide 3: ICE: A Focus on Growth and Innovation

    ICE: A Focus on Growth and Innovation Annual Revenue $1,600 +3% yty $1,400 $1,363 $1,327 $1,200 $1,150 Millions $995 $1,000 $813 $800 $600 $574 $400 $314 $200 $156 $- 2005 2006 2007 2008 2009 2010 2011 2012 IntercontinentalExchange 3

  4. Slide 4: Growth on Top of Growth: 2012

    Growth on Top of Growth: 2012 Avg Daily Volume* Revenues EPS Op Cash Flow +10% +9% +3% +3% 3,360 $7.52 $1,363 $733 3,064 $1,327 $6.90 $713 2011 2012 2011 2012 2011 2012 2011 2012 * Energy volume includes cleared OTC energy contracts transitioned to futures contracts on October 15, 2012 and all perio

  5. Slide 5: ICE Annual Volume Growth

    ICE Annual Volume Growth Futures and Options ADV* +10% yty 3,200 2,800 Thousands (contracts) 2,400 2,000 1,600 1,200 800 400 - 2008 2009 2010 2011 2012 * Energy volume includes cleared OTC energy contracts transitioned to futures contracts on October 15, 2012 and all periods have been adjusted to re

  6. Slide 6: Meaningful OTC Market Opportunity

    Meaningful OTC Market Opportunity CDS Open Interest and Gross Notional Cleared OI (Billions) Notional (Billions) $1,800 $40,000 $1,600 $35,000 $1,400 $30,000 $1,200 $25,000 $1,000 $20,000 $800 $15,000 $600 $10,000 $400 $200 $5,000 $ $ 1 15 29 43 57 71 85 99 113 127 141 155 169 183 197 Clearing Week

  7. Slide 7: Exposure to Multiple Long-term Growth Drivers

    Exposure to Multiple Long-term Growth Drivers Sector and company-specific drivers:  Strong growth in globally relevant commodity markets  Rising demand for risk management tools  Regulatory reform implementation  Demand for clearing and capital efficient solutions; NYSE Liffe clearing developmen

  8. Slide 8: ICE Leadership in Global Benchmarks Brent & Gasoil

    ICE Leadership in Global Benchmarks Brent & Gasoil Brent & Gas Oil Futures and Options Average Daily Volume 1,000 +10% yty 800 Thousands (contracts) 600 400 200 0 2008 2009 2010 2011 2012 Brent Gas Oil  Growth in Brent, Gasoil & Natural Gas markets  Timely transition of energy swaps to futures  N

  9. Slide 9: Growth Drivers in Agriculture

    Growth Drivers in Agriculture  Underlying demand for food is expected to have increased by 70 to 100% by 2050  ICE Ag benchmarks are globally relevant  Open interest Jan ’13 of 2.9MM contracts, +10% y/y  Full transition to screen completed October 2012  Expansion into grains and oilseeds, exten

  10. Slide 10: Financial Products Span FX, CDS & Equity Index

    Financial Products Span FX, CDS & Equity Index  Greater regulatory certainty & mandatory clearing beginning 1Q13  Portfolio margining approved for buy-side  CDS index futures product launch in 1H13  EU application for client clearing pending  Development of clearing for NYSE Liffe  Russell ind

  11. Slide 11: NYSE Euronext Transaction and CSA Update

    NYSE Euronext Transaction and CSA Update Strong industrial logic based on long-term growth opportunities, synergies, focused business model and global franchise  Regulatory reform continues to drive migration of asset classes to exchange traded and cleared environment  Demand for enhanced transpar

  12. Slide 12: Leading Returns on Invested Capital

    Leading Returns on Invested Capital 20% 15% 10% 5% 0% 2010 2011 2012 NYX CME NDAQ S&P 500* ICE WACC (1) ROIC = (Operating Income x (1-Tax Rate) ) / (Avg Debt + Avg Shareholders Equity + Avg Minority Interest – Avg Cash, Cash Equiv, & ST Investments) *Source: Factset, Company Filings. S&P data repres

  13. Slide 13: Looking Ahead

    Looking Ahead  Commodity market expansion across energy and ag markets through new products, options market growth and new customers  NYSE Euronext transaction regulatory approval, closing and integration  Provision of cost- and capital-efficient regulatory reform solutions to meet transparency,

  14. Slide 14: Thank You

    THANK YOU

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