Slide 1: 1Q18 results Flow Traders N.V. Analyst Presentation
1Q18 results Flow Traders N.V. Analyst Presentation 24 April 2018 Amsterdam Cluj Hong Kong New York Singapore Flow Traders |
Slide 2: Disclaimer
Disclaimer This presentation is prepared by Flow Traders N.V. and is for information purposes only and the material contained Forward-looking statements speak only as at the date at which they are made. Flow Traders expressly disclaims in this document is provided ‘as is’. It is not a recommendation
Slide 3: Flow Traders' business model confirmed in 1Q18
Flow Traders’ business model confirmed in 1Q18 Flow Traders delivers its best quarterly trading result since inception ETP market dynamics 1Q18 Flow Traders performance 1Q18 VIX spiked at the start of February 2018. Average level Best quarterly trading result (NTI) to date, with strong performance a
Slide 4: Flow Traders gained market share in all regions
Flow Traders gained market share in all regions KPIs Flow Traders Flow Traders NTI (in €m) Consolidated overview 350.0 304.7 300.0 64.5 250.0 In €bn unless otherwise stated 1Q18 4Q17 ∆ 1Q17 ∆ 250.0 213.2 Flow Traders ETP Value Traded 243.7 164.0 49% 174.8 39% 200.0 172.7 68.7 166.0 92.8 Europe 142.9
Slide 5: Prudent cost management supported the strong performance in 1Q18
Prudent cost management supported the strong performance in 1Q18 1Q18 vs 1Q18 vs. Consolidated (in €m) 1Q18 4Q17 4Q17 1Q17 1Q17 Net Trading Income 213.2 39.3 443% 48.3 342% Employee expenses (fixed) 8.8 8.8 - 7.7 13% Technology expenses 8.9 9.3 (5%) 9.2 (4%) Other expenses 4.1 3.9 3% 3.8 7% Fixed op
Slide 6: Regulatory capital well within new capital requirements – dividend policy reiterated
Regulatory capital well within new capital requirements – dividend policy reiterated CET 1 ratio well above required levels under CRR – Flow Traders NV Development of Prime Broker solvency ratio €mln €mln Ratio 500 450 2.78 400 3.00 350 2.09 Excess Capital 300 1.79 183 250 2.00 1.44 1.48 1.45 1.26 1
Slide 7: MiFID II shows beneficial impact on ETP market so far
MiFID II shows beneficial* impact on ETP market so far Transparency in the overall market improved after MiFID II as 70 66 volumes traded on lit venues, such as MTFs, increased 60 56 54 substantially € bn * 50 43 42 40 Unbundling of research and execution translates for Flow 33 36 35 35 34 Traders i
Slide 8: Questions?
Questions? Flow Traders | 1Q18 results (unaudited) 8
Slide 9: Thank you!
Thank you! Amsterdam Cluj HongFlow Kong Traders New | York Singapore
Slide 10: Appendix
Appendix Flow Traders | 1Q18 results (unaudited) 10
Slide 11: Monthly markets update as published at the end of 1Q18
Monthly markets update as published at the end of 1Q18 ETP Market Update March 2018 (unaudited) 2018 2017 Mar Feb Jan Dec Nov Oct Sep Aug Jul Jun May Apr Mar Feb Jan On & Off Exchange* Value Traded - Global (€bn) 2,080 2,478 1,983 1,690 1,605 1,435 1,379 1,552 1,320 1,802 1,599 1,550 1,961 1,438 1,6
Slide 12: Historic overview Flow Traders non-ETP Value Traded
Historic overview Flow Traders non-ETP Value Traded Historic * overview Flow Traders non-ETP Value Traded Consolidated overview 1Q 4Q 3Q 2Q 1Q In €bn unless otherwise stated 2018 2017 2017 2017 2017 Flow Traders ETP Value Traded 243.7 164.0 162.3 184.7 174.8 Flow Traders Non- ETP Value Traded 692.8
Slide 13: ETP volumes traded in the market sharply increases while AuM growth stabilizes
ETP volumes traded in the market sharply increases while AuM growth stabilizes Global ETP Assets under Management (AuM) growth slowed down Net flow trends show especially activity in Equity- and Fixed Income EMEA flow on MTFs show a clear pickup in 2018 after going-live of for the first time, follow