Intercontinental Exchange Inc. · NYSE:ICE

Intercontinental Exchange — Barclays Global Financial Services Conference 2014

17 slides from Intercontinental Exchange's conference presentation, Sep 10, 2014

  1. Slide 1: Barclays Global Financial Services Conference

    Barclays Global Financial Services Conference Intercontinental Exchange, Inc. September 10, 2014

  2. Slide 2: Forward-Looking Statement and Legends

    Forward-Looking Statement and Legends 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 ICE’s business that are

  3. Slide 3: Focused on Growth and Innovation

    Focused on Growth and Innovation Net Revenue $ (millions) 2006 2014 1,800 -1% y/y Exchanges 1 11 $1,674 1,600 Clearing Houses 0 5 $1,545 Asset Classes 1 9 1,400 $1,363 $1,327 1,200 $1,150 $995 1,000 $813 800 600 $574 400 $314 200 0 (1) 2006 2007 2008 2009 2010 2011 2012 2013 1H14 (1) 1H14 compares t

  4. Slide 4: Committed to Deliver Earnings Growth: 1H14 Results

    Committed to Deliver Earnings Growth: 1H14 Results Avg Daily Volume(1) Net Revenues(2) Adjusted EPS(2) Op Cash Flow(3) (in thousands) (in millions) (in dollars) (in millions) +2% +1% -1% -19% 6,916 1,560 4.28 4.38 827 836 1,545 5,594 1H13 1H14 1H13 1H14 1H13 1H14 1H13 1H14 (1) Historical average dai

  5. Slide 5: Leading Position in World's Oil Markets

    Leading Position in World's Oil Markets ▪ Brent OI record in June; record futures volume in July ▪ ICE Brent & WTI crude futures market share of 55% ▪ Secular trends driving long-term growth 5

  6. Slide 6: Leading European Interest Rate Futures & Options

    Leading European Interest Rate Futures & Options ▪ 1H14 Sterling futures and options ADV, +32% y/y ▪ Interest rate OI at Aug 29, +18% from year-end ▪ Adding medium & long-term interest rates with over 20 new contracts *Interest rates, excluding Euribor includes futures and options volumes for Sterli

  7. Slide 7: Leading Global CDS Clearing Solution

    Leading Global CDS Clearing Solution ▪ Through August 29, $56TR in CDS cleared, including $8TR in buy-side clearing ▪ Nearly 500 instruments cleared ▪ In 1H14, launched EU Sovs, iTraxx Senior Financial and HY single names Clearing Revenue $ (millions) $79 80 70 $67 $66 $60 +30% y/y 60 $49 50 40 $31

  8. Slide 8: NYSE Listings - Global Leader in Capital Raising

    NYSE Listings - Global Leader in Capital Raising ▪ Global Leader in capital raising with $83B in proceeds from IPOs and follow-ons in 1H14 ▪ Continued leadership in technology IPOs with 52% share of tech IPOs ▪ Sustained momentum with 14 IPOs since end of June; strong pipeline 1H14 Global Proceeds f

  9. Slide 9: Robust Cash Generation & Strong Balance Sheet

    Robust Cash Generation & Strong Balance Sheet ▪ $836MM in operating cash flow in 1H14, +1% y/y(1) ▪ TTM cash EPS(2) of $9.64, +6% y/y ▪ $2.1B in unrestricted cash; $1.3B set aside to repay 2015 EUR Notes ▪ Excess cash used to generate best returns & long-term growth for shareholders Operating Cash F

  10. Slide 10: Solid Growth Drivers & Capital Returns

    Solid Growth Drivers & Capital Returns Sector and company-specific drivers: ▪ Focus on growth ▪ Significant synergy realization in progress ▪ Product diversification enabling earnings growth ▪ Open interest +5% from year-end ▪ Rising demand for risk management ▪ Regulatory reform driving business to

  11. Slide 11: Consistently Delivering Results

    Consistently Delivering Results Net Income from Cont. Ops Attributable to ICE $ (millions) 700 $646 600 +2% y/y $552 $510 $506 500 $398 400 $316 $301 300 $241 200 $143 100 0 (1),(2) 2006 2007 2008 2009 2010 2011 2012 2013 (1) 1H14 11 (1) These represent non-GAAP measures. Please refer to appendix sl

  12. Slide 12: APPENDIX

    APPENDIX Intercontinental Exchange

  13. Slide 13: ICE Summary Balance Sheet

    ICE Summary Balance Sheet In millions BALANCE SHEET 6/30/14 12/31/13 CHANGE ▪ $3.9B debt outstanding as of Assets 6/30/14 Unrestricted Cash & ST Inv $2,083 $1,035 $1,048 Other Current Assets 48,108 43,224 4,884 ▪ Net of $1.3B cash set aside, debt is Current Assets 50,191 44,259 5,932 $2.6B PPE (net)

  14. Slide 14: Non-GAAP Adjusted Net Income from Continuing Ops Attributable to ICE and EPS

    Non-GAAP Adjusted Net Income from Continuing Ops Attributable to ICE and EPS from Continuing Ops 12 Months In millions (except per share amounts) 6 Months 6 Months 3 Months 3 Months Ended Ended 6/30/14 Ended 6/30/13 Ended 6/30/14 Ended 6/30/13 12/31/13 Income from continuing operations $488 $295 $22

  15. Slide 15: Non-GAAP Operating Income, Operating Margin & Operating Expense Reconciliation

    Non-GAAP Operating Income, Operating Margin & Operating Expense Reconciliation In millions 6 Months 6 Months 3 Months 3 Months Ended 6/30/14 Ended 6/30/13 Ended 6/30/14 Ended 6/30/13 Total revenues, less transaction-based expenses $1,547 $724 $750 $372 Total operating expenses 829 299 423 147 Less:

  16. Slide 16: Adjusted Non-GAAP EBITDA Reconciliation

    Adjusted Non-GAAP EBITDA Reconciliation In millions Trailing 12 Months Ended 6/30/14 Adjusted Non-GAAP net income from Continuing Ops attributable to ICE $832 Add: Income tax expense 303 Add: Income tax expense adjustment on Non-GAAP Items 25 Add (Less): Other income (expense), net (20) Add: Interes

  17. Slide 17: Non-GAAP Pro-forma Adjusted Net Income and Pro-forma Adjusted Diluted EPS

    Non-GAAP Pro-forma Adjusted Net Income from Cont. Ops Attributable to ICE and Pro-forma Adjusted diluted Cont. Ops EPS In millions (except per share amounts) 6 Months 3 Months Ended 6/30/13 Ended 6/30/13 Pro-forma income from continuing operations attributable to ICE(1) $481 $250 Add: NYSE Euronext

Intercontinental Exchange — Barclays Global Financial Services Conference 2014 on 6ix