Deutsche Boerse Ag · XETR:DB1
Deutsche Boerse — Deutsche Börse — Shareholder Meeting (May 2011)
18 slides from Deutsche Boerse's shareholder meeting presentation, May 12, 2011
Slide 1: Annual General Meeting of Deutsche Börse Aktiengesellschaft
Annual General Meeting of Deutsche Börse Aktiengesellschaft Frankfurt/Main, 12 May 2011
Slide 2: FY/2010 – Positive Development Of Business Activity In Most Areas
Deutsche Börse Aktiengesellschaft, Annual General Meeting, 12 May 2011 FY/2010 – Positive Development Of Business Activity In Most Areas Xetra – Order book volume (€bn)1 Eurex – Number of contracts traded (m) 1,298 2,647 2,642 1,121 +16% -22% ISE 960 745 +12% Eurex 1,687 1,897 2009 2010 2009 2010 Cl
Slide 3: FY/2010 – Stable Revenues And Tight Cost Management Resulted In Improved Earnings
Deutsche Börse Aktiengesellschaft, Annual General Meeting, 12 May 2011 FY/2010 – Stable Revenues And Tight Cost Management Resulted In Improved Earnings On An Adjusted Basis Sales Net interest Earnings Cash flow Costs EBIT Net income revenue income per share1 per share2 +2% −39% +4% / −8%3 −17% / +5
Slide 4: Capital Management – Stable Dividend Of €2.10 For 2010
Deutsche Börse Aktiengesellschaft, Annual General Meeting, 12 May 2011 Capital Management – Deutsche Börse Proposes A Stable Dividend Of €2.10 For 2010 Dividend payout ratio and dividend n Under its Capital Management Policy, Deutsche Dividend payout ratio Börse from 2005 to 2008 completed the large
Slide 5: Q1/2011 – Best Quarter In Terms Of Earnings Per Share Since 2008
Deutsche Börse Aktiengesellschaft, Annual General Meeting, 12 May 2011 Q1/2011 – Best Quarter In Terms Of Earnings Per Share Since 2008 Sales revenue (€m) Total costs (€m)1 Earnings per share (€)1 769.3 564.4 558.6 1.19 1.20 519.2 504.3 518.4 0.95 0.92 1.14 356.0 0.82 298.8 0.84 0.87 0.87 287.0 271.
Slide 6: Operating Efficiency – Program To Optimize Processes And Costs Accelerated
Deutsche Börse Aktiengesellschaft, Annual General Meeting, 12 May 2011 Operating Efficiency – Implementation Of Program To Optimize Processes And Costs Significantly Accelerated Ramp-up cost measures (€m) n Program to optimize operational processes and 2010 2011E 2012E 2013E costs across the Group h
Slide 7: Growth – Growth Strategy Defined Along Four Growth Dimensions
Deutsche Börse Aktiengesellschaft, Annual General Meeting, 12 May 2011 Growth – Deutsche Börse’s Growth Strategy Is Defined Along Four Growth Dimensions Dimensions Examples n New trading technology (Optimise) Expand existing n Functional service enhancements (e.g. co-location, 1 business collateral
Slide 8: Creating a global exchange platform
Deutsche Börse Aktiengesellschaft, Annual General Meeting, 12 May 2011 Creating a global exchange platform 7
Slide 9: Deutsche Börse And NYSE Euronext – Creating The Premier Global Exchange Group
Deutsche Börse Aktiengesellschaft, Annual General Meeting, 12 May 2011 Deutsche Börse And NYSE Euronext – Creating The Premier Global Exchange Group n Creates compelling global derivatives platform bringing together complementary products Strategically n Largest capital raising venue in the world co
Slide 10: Deutsche Börse And NYSE Euronext – Leadership In Major Asset Classes And Services
Deutsche Börse Aktiengesellschaft, Annual General Meeting, 12 May 2011 Deutsche Börse And NYSE Euronext – Leadership In Major Asset Classes And Services Global derivatives, ADV (million) – 2010 US options volume contracts, ADV (million) – 2010 19.0 6.6 14.9 12.2 4.4 10.5 3.9 3.7 8.6 3.0 6.4 5.6 4.5
Slide 11: Deutsche Börse And NYSE Euronext – Total Expense Synergies Of €400 Million
Deutsche Börse Aktiengesellschaft, Annual General Meeting, 12 May 2011 Deutsche Börse And NYSE Euronext – Total Expense Synergies Of €400 Million Clearly Identified 15 February 2011 Current Levers for additional cost synergies (in bold) €300 million €400 million Technology (+ €51 million): n One com
Slide 12: Deutsche Börse And NYSE Euronext – Access To Unique Growth Opportunities
Deutsche Börse Aktiengesellschaft, Annual General Meeting, 12 May 2011 Deutsche Börse And NYSE Euronext – Combination Has Access To Unique Growth Opportunities Expected revenue synergies of at least €150 million annually, with full run-rate being achieved at end of year 3 Over 1/3 of revenue synergi
Slide 13: Deutsche Börse And NYSE Euronext – Leading Scale In The Exchange Industry
Deutsche Börse Aktiengesellschaft, Annual General Meeting, 12 May 2011 Deutsche Börse And NYSE Euronext – Leading Scale In The Exchange Industry Net revenue (2010, € million) 4,115¹ 2,258 2,227 1,888 1,164 1,144 810 865 734 530 358 DB1 - NYX CME DB1 NYX / LSE-TMX NDAQ ICE BM&F HKEx ASX SGX EBITDA (2
Slide 14: Deutsche Börse And NYSE Euronext – Combination Creates Immediate Value For Shareholders
Deutsche Börse Aktiengesellschaft, Annual General Meeting, 12 May 2011 Deutsche Börse And NYSE Euronext – Combination Creates Immediate Value For Shareholders Illustrative sensitivity analysis DB1 NYX Total Per Per Value drivers1 share share DB1 NYX @ 60% @ 40% share4 share4 Earnings power €m €m €m
Slide 15: Deutsche Börse And NYSE Euronext – Integration And Closing Processes Crossing Key Milestones
Deutsche Börse Aktiengesellschaft, Annual General Meeting, 12 May 2011 Deutsche Börse And NYSE Euronext – Integration And Closing Processes Crossing Key Milestones Regulatory process Integration planning þ Conversations with over 100 policymakers þ Integration teams identified and project offices es
Slide 16: Deutsche Börse And NYSE Euronext – Best Possible Combination In The Exchange Sector
Deutsche Börse Aktiengesellschaft, Annual General Meeting, 12 May 2011 Deutsche Börse And NYSE Euronext – Best Possible Combination In The Exchange Sector proposal ü û Strategic n Compelling industrial logic, consistent with rapidly evolving financial markets n Mono-line businesses ignore market nee
Slide 17: Deutsche Börse And NYSE Euronext – Creating The Premier Global Exchange Group
Deutsche Börse Aktiengesellschaft, Annual General Meeting, 12 May 2011 Deutsche Börse And NYSE Euronext – Creating The Premier Global Exchange Group n Creates compelling global derivatives platform bringing together complementary products Strategically n Largest capital raising venue in the world co
Slide 18: Disclaimer
Deutsche Börse Aktiengesellschaft, Annual General Meeting, 12 May 2011 Disclaimer SAFE HARBOUR STATEMENT In connection with the proposed business combination transaction between NYSE Euronext and Deutsche Boerse AG, Alpha Beta Netherlands Holding N.V. (“Holding”), a newly formed holding company, has