Slide 1: Euronext Q3 2024 results
Euronext Q3 2024 results 7 November 2024
Slide 2: Q3 2024, a strong finish to “Growth for Impact 2024”
Q3 2024, a strong finish to “Growth for Impact 2024” €396.3m €245.8m €1.74 Revenue and income, up +10.0% Adjusted EBITDA, up +15.1% Adjusted(2) EPS, +26.1% 58% 62.0% €237.4m non-volume related(1) revenue Adjusted EBITDA margin, Net operating cash flow +2.7pts €150.5m €180.8m 1.5x Underlying costs ex
Slide 3: Continued strong topline growth driven by Euronext’s diversified business model
Continued strong topline growth driven by Euronext’s diversified business model Q3 2024 revenue and income Trading €136.9m +15.7% Technology Listing & Solutions, 7% Corporate Advanced Data Services, 16% Services, 14% Post €98.3m Trade +11.2% €396.3m Advanced Investor Services, Cash trading, 17% Data
Slide 4: Q3 2024 financial review
Q3 2024 financial review
Slide 5: A strong financial situation at end of September 2024
A strong financial situation at end of September 2024 CASH FLOW GENERATION 241.7 237.4 230.8 Q3 2024 EBITDA to net operating cash flow conversion rate 206.6 207.9 Reported EBITDA impacted by: 174.5 Net operating cash flow Change in working capital related to Nord Pool and Euronext Clearing CCP activ
Slide 6: Q3 2024 adjusted EBITDA up +15.1% to €245.8 millions
Q3 2024 adjusted EBITDA up +15.1% to €245.8 millions in €m +17.0% 241.7 245.8 3.1 2.2 1.3 0.5 3.0 4.1 34.9 62.0% 206.6 Adj. EBITDA margin Underlying costs up +2.7% Q3 2023 Revenue Cost Revenue Costs FX impact Non- Q3 2024 Non- Q3 2024 Reported variation at variation at variation variation underlying
Slide 7: Q3 2024 adjusted net income at €180.8 million, up +23.4%
Q3 2024 adjusted net income at €180.8 million, up +23.4% in €m -4.2% 5.4 1.4 €159.5m Reported 35.2 31.1 180.8 Net Income 166.5 21.3 -4.2% 4.1 3.2 159.5 Resulting from the sale of stake in LCH SA of 41.6 €180.8m million in Q3 2023 Adjusted Net Income1) +23.4% €1.74 Adjusted EPS1) +26.1% Q3 2023 EBITD
Slide 8: Liquidity at end of Q3 2024
Liquidity at end of Q3 2024 in €m 2,206.4 600.0 1,606.4 13.5 26.5 19.5 23.3 3.7 8.4 9.9 5.2 6.1 237.4 1,365.7 €400m Targeted cash for operation Cash in Net Exc. Net Net Capex Dividends Dividends Business Net Payment Other, Cash in Undrawn Liquidity Q2 2024, operating Impact of (Purchase) received pa
Slide 9: Number of outstanding shares used for EPS computation
Number of outstanding shares used for EPS computation For comparative purposes, average numbers of outstanding shares (basic) for previous comparative periods were restated using the bonus fraction. ▪ For the first nine months of 2024, the average number of outstanding shares (basic) is 103,649,167
Slide 10: Adjusted EPS for Q3 2024
Adjusted EPS for Q3 2024 Q3 2024 Q3 2023 Net income reported 159.5 166.5 EPS reported 1.54 1.57 Adjustments of which revenues 0.0 (0.0) of which Operating expenses exc. D&A (4.1) (7.1) of which Depreciation and amortisation (26.1) (23.6) of which Net financing expense 0.0 (0.0) of which results from
Slide 11: Q3 2024 income statement
Q3 2024 income statement In €m, unless stated otherwise % var The figures in this document have not been audited or reviewed by our external auditor. Q3 2024 Q3 2023 % var (like-for-like, constant currencies) Total Revenues and income 396.3 360.2 +10.0% +9.7% Listing 56.4 54.6 +3.2% +3.5% Trading re
Slide 12: Last twelve months income statement
Last twelve months income statement Last twelve Q4 2023 Q1 2024 Q2 2024 Q3 2024 months Revenue and income 374.1 401.9 412.9 396.3 1,585.3 Listing 56.2 57.7 58.4 56.4 228.6 Trading Revenue 124.5 138.4 142.7 136.9 542.6 of which Cash trading 64.1 70.6 74.2 68.3 277.3 of which Derivatives trading 12.8
Slide 13: Balance sheet as at 30 September 2024
Balance sheet as at 30 September 2024 in € million 30 September 2024 30 June 2024 unaudited, in As at 30/09/2024 Non-current assets Property, plant and equipment 105.3 106.1 Right-of-use assets 48.9 53.1 CCP clearing business assets Goodwill and other intangible assets 6,088.3 6,104.6 CCP trading as
Slide 14: Q3 2024 cash flow statement
Q3 2024 cash flow statement in € million Q3 2024 Q3 2023 Profit before tax 220.7 220.6 Adjustments for: - Depreciation and amortisation 47.2 41.9 - Share based payments 3.6 3.5 - Results from equity investments (23.3) (12.8) - Changes in working capital 23.7 (8.4) - Gain on sale of associate - (41.6
Slide 15: Disclaimer
DISCLAIMER This presentation is for information purposes only and is not a recommendation to engage in investment activities. The information and materials contained in this presentation are provided ‘as is’ and Euronext does not warrant as to the accuracy, adequacy or completeness of the informatio
Slide 16: Investor Relations
Investor Relations Aurélie Cohen, Chief Communications and Investor Relations Officer Judith Stein, Investor Relations Senior Manager www.euronext.com/en/investor-relations Margaux Kurver, Investor Relations Officer +33 1 70 48 24 27 ir@euronext.com PRIVATE