Slide 1: Presentation Title in Title Case
Presentation Title in Title Case Presentation subtitle in sentence case Presenter Name Event name xx Month 201x © 201X Virtu Financial. All rights reserved. Not to be reproduced or retransmitted without permission. Compliance #XXXX-XXXX FIA Boca March 2023 © 2022 Virtu Financial. All rights reserved
Slide 2: Virtu Long-Term Catalysts to Drive Value
2 Virtu Long-Term Catalysts to Drive Value Consistent Material Repurchases Growth Levers Virtu Through-the-Cycle Earnings See endnotes at end of this supplement Daily Average Adj. NTI 5 from Organic Growth 5 Initiatives 5 $160K/day $296K/day $656K/day $548K/day $614K/day FY 2018 FY 2019 FY 2020 FY 2
Slide 3: Historical Growth Track Record
3 Historical Growth Track Record See endnotes at end of this supplement Our operating expense base sets us up for consistent through-the-cycle earnings production Organic Growth Initiatives continue to have a significant impact on bottom-line earnings growth Continuing buybacks return value to share
Slide 4: Share Repurchase Rate Has Accelerated
4 Share Repurchase Rate Has Accelerated We anticipate share repurchases for 1Q 2023 of $78 million at current stock price* See endnotes at end of this supplement 1.4M 3.7M 7.1M 12.5M 16.1M 25.1M 26.8M 30.3M 32.3M 36.4M 0.8% 1.0% 2.7% 5.2% 5.6% 9.1% 10.0% 11.8% 12.8% 14.9% 0% 5% 10% 15% 20% - 10M 20M
Slide 5: Organic Business Growth
5 Organic Business Growth See endnotes at end of this supplement • Options Market Making: o Record year in 2022 o Early stages of this initiative • ETF Block: o Revenues have maintained an upward trajectory without a significant fixed income presence • Crypto Market Making: o Long-term growth opport
Slide 6: VIRT Dividend Yield and Share Price
6 VIRT Dividend Yield and Share Price Consistent dividend payment since IPO in 2015 See endnotes at end of this supplement $12 $17 $22 $27 $32 $37 $42 2 % 3% 4% 5% 6% 7 % Share Price Dividend Yield VIRT Dividend Yield VIRT Share Price Significant Return of Capital 36% 35% 35% 29% 55% 78% 87% 101% 98
Slide 7: GAAP Reconciliations and Other Information
GAAP Reconciliations and Other Information
Slide 8: GAAP Income Statement
8 GAAP Income Statement See endnotes at end of this supplement FY FY FY FY FY 2018 20191 2020 2021 2022 Trading income, net $1,267 $912 $2,493 $2,105 $1,629 Commissions, net and technology services 184 499 601 614 530 Interest and dividends income 88 109 62 75 159 Other, net 340 (2) 83 16 47 Total R
Slide 9: Adjusted EBITDA & Normalized Adjusted EPS
9 Adjusted Net Trading Income $975 $784 $669 $362 $456 $2,271 $724 Adjusted EBITDA & Normalized Adjusted EPS See endnotes at end of this supplement FY FY FY FY FY 2018 20191 2020 2021 2022 Income (Loss) Before income taxes $696 $(116) $1,383 $997 $557 (+) Financing interest expense 72 122 88 80 92 (
Slide 10: Adjusted Net Trading Income Reconciliation
10 Adjusted Net Trading Income Reconciliation See endnotes at end of this supplement Adjusted Net Trading Income - Virtu FY FY FY FY FY FY FY FY ($M) 2015 2016 2017 2018 2019 2020 2021 2022 Trading income, net $757 $665 $766 $1,267 $912 $2,493 $2,105 $1,629 Commissions, net and technology services -
Slide 11: Adjusted Operating Expenses Reconciliation
11 Adjusted Operating Expenses Reconciliation See endnotes at end of this supplement Adjusted Operating Expenses Reconciliation FY FY FY ($M) 2020 2021 2022 Employee compensation and payroll taxes $394 $376 $391 (-) Cash Compensation Adjustments1 (72) (62) (76) Adj. Cash Compensation $321 $314 $315
Slide 12: Invested Capital Reconciliation
12 Invested Capital Reconciliation See endnotes at end of this supplement Invested Capital As of: ($M) 12/31/19 12/31/20 3/31/21 6/30/21 9/30/21 12/31/21 3/31/22 6/30/22 9/30/22 12/31/22 Trading Capital1 $1,604 $2,075 $2,266 $2,089 $1,984 $2,165 $2,116 $2,178 $2,188 $2,180 (-) Cash reserved for oper
Slide 13: Disclaimer
13 Disclaimer 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 Virtu Financial, Inc.’s (“Virtu’s”, the “Compan
Slide 14: End Notes: Virtu Long-Term Catalysts to Drive Value
14 Slide 2 Virtu Long-Term Catalysts to Drive Value 1. This reflects a non-GAAP measure. Ranges shown for illustrative purposes only and are not meant to reflect actual performance and therefore no quantitative reconciliation of illustrative daily or full year ANTI is provided in accordance with app
Slide 15: End Notes: Historical Growth Track Record
15 Slide 3 Historical Growth Track Record 1. This reflects a non-GAAP measure. Please refer to slides at the end of this presentation for reconciliation to the equivalent GAAP measure. Prior period reconciliations available https://ir.virtu.com/financials-and-filings/quarterly-results/default.aspx.
Slide 16: End Notes: Share Repurchase Rate
16 Slide 4 Share Repurchase Rate Has Accelerated 1. Percentage of Shares Outstanding is calculated net of share issuances and is calculated compared to shares outstanding on 9/30/2020 (Share Repurchase Program was incepted in November 2020). * 1Q 2023 repurchases assume repurchases of $1M on each re
Slide 17: End Notes: Operating Expenses and Invested Capital
17 Slide 11 Adjusted Operating Expenses Reconciliation 1. Includes severance, share-based compensation, one-time compensation-related COVID-19 expenses, and one-time compensation expenses related to RFQ Hub transaction. 2. Includes connectivity early termination expenses. 3. Includes write-down of a