Deutsche Boerse Ag · XETR:DB1

Deutsche Boerse — Deutsche Börse Group — Q2 2013 Earnings Presentation

21 slides from Deutsche Boerse's earnings presentation, Jul 26, 2013

  1. Slide 1: Q2/2013 Results Analyst and Investor Conference

    Q2/2013 Results Analyst and Investor Conference 26 July 2013

  2. Slide 2: Overview Q2/2013 Results Conference

    Q2/2013 Results 26 July 2013 Deutsche Börse Group 1 Overview Q2/2013 Results Conference  Continued sequential improvement of business activity across all products drive solid results for the second quarter  Net revenue amounted to €497.1 million (-2 percent); decline mainly driven by weaker busine

  3. Slide 3: Sequential Volume Improvement Continued, Most Products Also Show Growth vs Q2/2012

    Q2/2013 Results 26 July 2013 Deutsche Börse Group 2 Q2/2013 – Sequential Volume Improvement Continued And Most Products Also Show Growth Compared To Q2/2012 Eurex – European Derivatives Eurex – US Options 522 473 166 172 162 393 401 148 152 157 336 82 153 85 129 77 116 144 142 104 228 189 151 171 17

  4. Slide 4: Slight Year-Over-Year Decrease Of Net Revenue And Earnings

    Q2/2013 Results 26 July 2013 Deutsche Börse Group 3 Q2/2013 – Slight Year-Over-Year Decrease Of Net Revenue And Earnings While Sequential Improvement Continued Net revenue Operating costs Earnings per share €m1 €m2 €2 507 497 1.01 484 0.97 471 0.92 448 0.87 0.64 247 230 234 224 226 Q2/12 Q3/12 Q4/12

  5. Slide 5: Solid Performance In The Second Quarter As A Result Of Improved Business Activity

    Q2/2013 Results 26 July 2013 Deutsche Börse Group 4 Q2/2013 – Solid Performance In The Second Quarter As A Result Of Improved Business Activity Net revenue and EBIT €m1 Net revenue EBIT Revenue  Net revenue: €497.1m (-2% y-o-y)  Net interest income: €11.2m (-18% y-o-y) 507 497  Volume related cos

  6. Slide 6: Eurex – Strong Performance Of Fixed Income Derivatives

    Q2/2013 Results 26 July 2013 Deutsche Börse Group 5 Eurex – Strong Performance Of Fixed Income Derivatives Partly Compensate Weakness In Equity Based Products Business activity Q2/2013 y-o-y Net revenue Traded contracts in m €m US Options 172.4 4% 214 197 202 26 186 26 26 Others 25 20 170 Equity 153

  7. Slide 7: Xetra – Net Revenue Development In-Line With Improvement In Business Activity

    Q2/2013 Results 26 July 2013 Deutsche Börse Group 6 Xetra – Net Revenue Development In-Line With Improvement In Business Activity Business activity Q2/2013 y-o-y Net revenue Order book volume in €bn1 €m DAX equities 210.7 5% 37 37 38 34 7 6 Others 31 8 6 Other equities 50.2 13% 6 8 CCP 8 7 7 6 ETFs2

  8. Slide 8: Clearstream – Net Revenue Increase Driven By Custody And Settlement

    Q2/2013 Results 26 July 2013 Deutsche Börse Group 7 Clearstream – Net Revenue Increase Mainly Driven By Strong Performance Of Custody And Settlement Business Business activity Q2/2013 y-o-y Net revenue €m Assets under 166 €11.6tr 5% 163 160 159 custody 155 26 27 Others 26 28 Settlement 27 31.4m 13%

  9. Slide 9: Market Data + Services – Stable Development Despite Cyclical Headwinds

    Q2/2013 Results 26 July 2013 Deutsche Börse Group 8 Market Data + Services – Stable Development Despite Cyclical Headwinds In Index Licencing Composition of new segment Net revenue Trading signals €m  Distribution of licenses for derivatives and cash real- time trading and market signals 93 91 91 9

  10. Slide 10: Overview Management Priorities For 2013

    Q2/2013 Results 26 July 2013 Deutsche Börse Group 9 Overview Management Priorities For 2013 1 Extend products and services to unregulated/unsecured markets  Expand Eurex clearing/risk management capabilities  Global roll-out of collateral and liquidity management services Growth 2 Expand technolog

  11. Slide 11: Growth – Some Major Milestones Of Growth Strategy Already Achieved

    Q2/2013 Results 26 July 2013 Deutsche Börse Group 10 Growth – Some Major Milestones Of Growth Strategy And Infrastructure Investments Already Achieved  Agreement with major derivatives dealers on EurexOTC Clear offering for interest rate swaps in May 2012; launch of service in November 2012; furthe

  12. Slide 12: Growth – Asian Growth Initiatives Based On Successful Expansion

    Q2/2013 Results 26 July 2013 Deutsche Börse Group 11 Growth – Deutsche Börse Group’s Asian Growth Initiatives Are Based On Successful Expansion Of Business 2007 2012 Objectives Sales revenue <€50 million >€100 million  Double sales Staff <30 >110 revenue in Asia over the mid-term Representative Hon

  13. Slide 13: Growth – Structural And Cyclical Drivers And Product Innovation

    Q2/2013 Results 26 July 2013 Deutsche Börse Group 12 Growth – Structural And Cyclical Drivers As Well As Product Innovation Are Expected To Deliver Substantial Incremental Revenue Illustration of mid- to long-term net revenue opportunities €m Product Structural opportunities Cyclical opportunities i

  14. Slide 14: Growth – Product Initiatives Continue To Build Traction

    Q2/2013 Results 26 July 2013 Deutsche Börse Group 13 Growth – Product Initiatives Continue To Build Traction In A Difficult Market Environment 1) Clearstream – Investment Fund Services 2) Clearstream/Eurex – GC Pooling m1 4.0 €bn2 153.7 134.5 +14% 3.0 +32% H1/12 H1/13 H1/12 H1/13 3) Eurex – Kospi, v

  15. Slide 15: Operating Efficiency – Measures To Further Increase Operating Efficiency

    Q2/2013 Results 26 July 2013 Deutsche Börse Group 14 Operating Efficiency – Measures To Further Increase The Operating Efficiency Create Flexibility To Increase Investments In Growth Efficiency measures (update) Ramp-up of cost savings  Planned savings in personnel and non-personnel 100% costs of €

  16. Slide 16: Capital Management – Refinancing Of Long Term Debt

    Q2/2013 Results 26 July 2013 Deutsche Börse Group 15 Capital Management – Refinancing Of Long Term Debt Results In Significant Decrease Of Debt Financing Expenses Overview refinancing Debt financing costs (part of financial expenses) €m First tranche (Oct 2012) -29  First tranche of refinancing com

  17. Slide 17: Capital Management – Strong Cash Flow Generation And Distribution Policy

    Q2/2013 Results 26 July 2013 Deutsche Börse Group 16 Capital Management – Strong Cash Flow Generation Allows For Strong Rating Profile And Attractive Distribution Policy Capital Management Policy Regular dividend per share  Continuing past practice, Deutsche Börse distributes Pay-out ratio (%)1 fun

  18. Slide 18: Appendix

    Q2/2013 Results 26 July 2013 Deutsche Börse Group 17 Appendix

  19. Slide 19: Income Statement – Group Level Reported

    Q2/2013 Results 26 July 2013 Deutsche Börse Group 18 Income Statement – Group Level Reported Quarter ended Quarter ended Six months ended Six months ended 30 June 2013 30 June 2012 30 June 2013 30 June 2012 Sales revenue 561.8 555.0 1,103.0 1,107.4 Net interest income from banking business 11.2 13.6

  20. Slide 20: Income Statement – Segmental Level Reported

    Q2/2013 Results 26 July 2013 Deutsche Börse Group 19 Income Statement – Segmental Level Reported Eurex Xetra Clearstream Market Data + Services Q2/2013 Q2/2012 Q2/2013 Q2/2012 Q2/2013 Q2/2012 Q2/2013 Q2/2012 Sales revenue1) 232.8 233.8 42.8 40.4 195.1 188.7 99.6 102.0 Net interest income from bankin

  21. Slide 21: Disclaimer

    Q2/2013 Results Disclaimer Cautionary note with regard to forward-looking statements: This document contains forward-looking statements and statements of future expectations that reflect management's current views and assumptions with respect to future events. Such statements are subject to known an

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