Bursa De Valori Bucuresti · BVB:BVB
Bursa De Valori Bucuresti — Bucharest Stock Exchange (BVB) — Q4 2024 Earnings Presentation
14 slides from Bursa De Valori Bucuresti's earnings presentation, 2025
Slide 1: BVB Q4 24 - Own the future. Invest in it.
BUCHAREST STOCK EXCHANGE BVB Q424 Own the future. Invest in it.
Slide 2: Bucharest Stock Exchange (BVB) Stock
Bucharest Stock Exchange (BVB) Stock ISIN ROBVBAACNORO Refinitiv ROBVB.BX Bloomberg BVB.RO Share price (Dec 31, 2024) EUR 8.2/ RON 40.9 Market Cap (Dec 31, 2024) EUR 73 mn/ RON 362 mn No. of outstanding shares 8,854,170 ADT 12T™ RON 0.49 mn P/E (price as of June 2024, 127M EPS) 17.4x P/BV (price as
Slide 3: Highlights – Q4 Financials
Highlights – Q4 Financials Consolidated Q4 24 vs Q4 23 (RON mn) Standalone Q4 24 vs Q4 23 (RON mn) -13% -23% Lower standalone revenues due to weaker secondary market 10.6 13.7 trading activity and high base public offers revenues recorded in Q4 20 22.9 2023. Operating revenues Operating revenues n/a
Slide 4: 7.49 15.52 6.09 5.63 3.77 3.48 5.79 2.68 2.67 5.16 2.02 4.35 4.21 4.05
7.49 15.52 6.09 5.63 3.77 3.48 5.79 2.68 2.67 5.16 2.02 4.35 4.21 4.05 3.42 2.60 2.11 0.12 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 5.58 258 4.24 3.84 11.73 3.80 180 189 183 188 188 3.52 3.52 6.89 124 2.29 5.77 5.77 99 92 1.73 1.68 4.46 3.27 3.66 1.94
Slide 5: Key updates
STOCK EXCHANGE Key updates 3 BUCHAREST Primary markets = Uncertain domestic political situation restraining the interest level in primary markets = Govt bonds FIDELIS program gaining speed, with monthly issuances planned for 2025 and record subscriptions (RON 4.3bn in Feb) ccP = New set of tests com
Slide 6: 12M 2024 key financial highlights
12M 2024 key financial highlights 3$ Financial performance, BVB standalone and BVB Group (RON mn, unless otherwise stated) Operating revenue 40.61 50.55 -20% 77.38 82.79 -7% Operating expenses (29.99) (27.97) 7% (68.69) (59.14) 16% Operating profit 10.62 22.58 53% 8.69 23.64 63% Operating margin 26%
Slide 7: BVB standalone main financial indicators
BVB standalone BVB standalone Main financial indicators, quarterly evolution Main financial indicators, YTD evolution (RON mn) 13.69 (RON mn) 50.55 10.55 40.61 9.34 8.56 29.99 27.97 22.58 21.83 4.34 13.18 10.62 1.99 - - 12M 2024 12M 2023 Q4 2024 Q4 2023 Operating revenues Operating expenses Operatin
Slide 8: BVB Group main financial indicators
BVB Group Main financial indicators, YTD evolution Main financial indicators, quarterly evolution (RON mn) (RON mn) 22.90 20.04 20.82 82.79 18.79 77.38 68.69 59.14 4.11 4.20 23.64 25.70 0.23 8.69 10.65 Q4 2024 -0.78 Q4 2023 12M 2024 12M 2023 Operating revenues Operating expenses Operating profit Net
Slide 9: Distribution of operating revenues and operating profit by segment, 12M 2024
Distribution of operating revenues and operating profit, by segment, 12M 2024 (RON mn) • 45.00 40.29 40.00 35.00 • 30.00 24.67 • 25.00 20.00 15.00 12.42 10.35 8.92 10.00 5.00 1.74 0.00 • Trading Post-trading Registry Operating revenues Operating profit Registry, 16% Other, 4% Data vending, 12% Tradi
Slide 10: Operating expenses breakdown BVB standalone
Audit services, 15% 16.23 14.36 9.84 10.30 Other third party Commissions & services, 34% fees, 13% 3.92 3.30 Promotion 12M 2024 12M 2023 activities, 13% BD services, 25% Personnel costs & Directors' fees Third party services Other operating expenses Rent and office utilities 9% Other expenses, 12% I
Slide 11: Operating expenses breakdown BVB Group
Swift services and Consultancy services 36.07 transactions expenses commisioning 2% 31.61 Audit services 15% 11% Commissions & fees 8% 11.81 Promotion activities Compensation 20.80 7.08 20.45 4% system maintanance and tehnologic services BD services 24% 8% 12M 2024 12M 2023 Other third party Personn
Slide 12: Overview of the financial position as of December 31, 2024
STOCK EXCHANGE Overview of the financial position as of December 31, 2024 36 BUCHAREST BVB Standalone Increase of 6% vs Dec 23 in non-current assets up to RON 115 mnis determined by: . Improvements works and furniture acquisitions necessary for the new BVB HQ Financial position, BVB standalone and B
Slide 13: Dividend yield evolution and 5 years evolution BVB share
Dividend yield evolution 5 years evolution BVB share 3.50 70.00 0.60 3.00 8% 60.00 0.50 2.50 6% 50.00 0.40 2.00 4.3% 2.5% 40.00 3.3% 3.5% 0.30 1.50 2.7% 4% 30.00 0.20 1.00 20.00 1.29 1.56 2% 10.00 0.10 0.50 0.81 1.07 0.96 - - 0.00 0% 2020 2021 2022 2023 2024 2019 2020 2021 2022 2023 Average trading
Slide 14: IR Contact
IR Contact: Remus Danila Head of IR and Business Development ir@bvb.ro M: +40 745 013 552 P: +40 21 307 95 07 BUCHAREST STOCK Thank you This presentation is made solely to the intended recipient and should not be distributed to, or acted upon by, any other person. Itis for general information only a
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