Deutsche Boerse Ag · XETR:DB1

Deutsche Boerse — Deutsche Börse — Autonomous Research: Speciality Financials Rendez-Vous, London (June 2015)

23 slides from Deutsche Boerse's conference presentation, Jun 10, 2015

  1. Slide 1: Investor Presentation Clearstream

    Investor Presentation Clearstream 10 June 2015

  2. Slide 2: Deutsche Börse Has Delivered Attractive Returns And Maintained Stability

    Investor Presentation > Clearstream 10 June 2015 Deutsche Börse Group 1 Deutsche Börse Has Delivered Attractive Returns And Maintained Stability Through Challenging Market Environment €bn 2001: IPO of 2007: Acquisition 2011: Majority 2012: Full ISIN: DE0005810055 Deutsche Börse of ISE stake in EEX a

  3. Slide 3: Deutsche Börse Group Transformed Into A Diversified Full-Service Market Infrastructure Provider

    Investor Presentation > Clearstream 10 June 2015 Deutsche Börse Group 2 Deutsche Börse Group Transformed Into A Diversified Full-Service Market Infrastructure Provider Segmental revenue breakdown Share of non-transaction-related revenue 8% CAGR €0.8bn €2.0bn Transaction- 48% related 35% 39% Eurex 75

  4. Slide 4: Strong Position In Each Reporting Segment With Increasing Focus On Cross-Divisional Themes

    Investor Presentation > Clearstream 10 June 2015 Deutsche Börse Group 3 Strong Position In Each Reporting Segment With Increasing Focus On Cross-Divisional Themes Eurex Clearstream  #1 derivatives market in Europe  Leading global post-trade provider with  #3 derivatives market world-wide internat

  5. Slide 5: Business Model Of Deutsche Börse Serves As Role Model

    Investor Presentation > Clearstream 10 June 2015 Deutsche Börse Group 4 Business Model Of Deutsche Börse Serves As Role Model Cash market Eurex / Xetra Derivatives market Clearing Settlement Clearstream Custody Collateral management Market data Market Data + Services Indices Technology

  6. Slide 6: Clearstream At A Glance

    Investor Presentation > Clearstream 10 June 2015 Deutsche Börse Group 5 Clearstream At A Glance The only global Central Securities Depository positioned at the core of an exchange group  “AA” rated by Standard & Poor’s and Fitch Clearstream Clearstream  Offers services to around 2,500 customers in

  7. Slide 7: Clearstream Has A Strong And Sustainable Business Model

    Investor Presentation > Clearstream 10 June 2015 Deutsche Börse Group 6 Clearstream Has A Strong And Sustainable Business Model Centered On Key Attractive And Complementary Services Clearstream services Revenue by customer types 6% 12% Global Custody Securities Services 12% Financing Central banks C

  8. Slide 8: Clearstream Numbers Show Strong Revenue Growth And Cost Discipline

    Investor Presentation > Clearstream 10 June 2015 Deutsche Börse Group 7 Clearstream Numbers Show Strong Revenue Growth And Cost Discipline Net revenue, cost and EBIT development1 Breakdown of net revenue by activity2 €m €m 844 NII:237 +7% 687NII:97 695 NII:75 698 NII:33 505 655NII:59 650 NII:52 654N

  9. Slide 9: Consistently Strong Performance; Momentum Picking Up Now

    Investor Presentation > Clearstream 10 June 2015 Deutsche Börse Group 8 Consistently Strong Performance; Momentum Picking Up Now Net revenue w/o interest income Transactions and cash balances Assets under custody1 €m Settlement transactions (m) Cash balances (€bn) €tr +2% CAGR +2% CAGR +9% CAGR +8%

  10. Slide 10: Strategy And Service Offering Built On Customer Key Priorities

    Investor Presentation > Clearstream 10 June 2015 Deutsche Börse Group 9 Strategy And Service Offering Built On Customer Key Priorities Cornerstones of the strategy  Leverage T2S to boost settlement liquidity, increase the appeal of collateral management and custody products and position Clearstream

  11. Slide 11: Settlement – Higher Volume Across Asset Classes And Markets

    Investor Presentation > Clearstream 10 June 2015 Deutsche Börse Group 10 Settlement – Higher Volume Across Asset Classes And Markets, Reflecting Positive Market Developments Settlement net revenue Settlement volumes Outlook and opportunities €m1 Domestic International m2 Domestic International  Pro

  12. Slide 12: Custody – Significant Inflow Of Assets And Increased Valuation Of Assets Under Custody

    Investor Presentation > Clearstream 10 June 2015 Deutsche Börse Group 11 Custody – Significant Inflow Of Assets And Increased Valuation Of Assets Under Custody, Reflecting Recovery On Key Markets Custody net revenue Assets under custody Outlook and opportunities €m1 Domestic International €tr2 Domes

  13. Slide 13: Global Securities Financing (GSF) – Maintaining Leadership Through Innovation

    Investor Presentation > Clearstream 10 June 2015 Deutsche Börse Group 12 Global Securities Financing (GSF) – Maintaining Leadership Through Innovation And Increasing Market Relevance GSF net revenue1 GSF volumes outstanding1 Outlook and opportunities €m LMS Xemac Repo €bn2 LMS Xemac Repo  As per T2

  14. Slide 14: Investment Fund Services (IFS) – Rapid Growth Combined With Continuous Improvement

    Investor Presentation > Clearstream 10 June 2015 Deutsche Börse Group 13 Investment Fund Services (IFS) – Rapid Growth Combined With Continuous Improvement In Service Enhancement IFS net revenue Breakdown of net revenue Outlook and opportunities €m1 Q1/15 Custody  Bring the benefits of T2S to the 4

  15. Slide 15: Clearstream Is A Clear Leader In Its Industry

    Investor Presentation > Clearstream 10 June 2015 Deutsche Börse Group 14 Clearstream Is A Clear Leader In Its Industry Many competitors attempt to replicate Clearstream's combination of services Collateral management Banking services Investment fund services CSD No Full Degree of service coverage Re

  16. Slide 16: Clearstream Has A Much Higher Profitability Compared To Its Peers

    Investor Presentation > Clearstream 10 June 2015 Deutsche Börse Group 15 Clearstream Has A Much Higher Profitability Compared To Its Peers Profitability comparison1 700 647 50% 42% Collateral 600 40% management 500 449 30% 30% 400 30% Banking 300 20% services 196 193 189 200 10% 100 59 Investment fu

  17. Slide 17: Regulatory Agenda, Clearstream’s Services Contribute To Capital Market Union (CMU)

    Investor Presentation > Clearstream 10 June 2015 Deutsche Börse Group 16 Leading Market Position: Regulatory Agenda, Clearstream’s Services Contribute To Capital Market Union (CMU) Clearstream initiatives and services benefit from/ contribute to CMU changes and resulting market trends T2S strategy G

  18. Slide 18: T2S Enables Clearstream To Benefit From Volume Consolidation

    Investor Presentation > Clearstream 10 June 2015 Deutsche Börse Group 17 Leading Market Position: T2S Enables Clearstream To Benefit From Volume Consolidation Among Participating Markets Pre-T2S  TARGET2-Securities (T2S) is a central technical platform for securities settlement in Euro and foreign

  19. Slide 19: Clearstream's T2S Related Offering Is More Developed Than Next Best

    Investor Presentation > Clearstream 10 June 2015 Deutsche Börse Group 18 Leading Market Position: Clearstream's T2S Related Offering Is More Developed And Better Articulated Than Next Best Clearstream T2S strategy statement Euroclear T2S offering  Clearstream represents 39%1 of T2S future  Eurocle

  20. Slide 20: Clearstream Is Long Established In Asia; Regional Revenues And Offering Is Growing

    Investor Presentation > Clearstream 10 June 2015 Deutsche Börse Group 19 Leading Market Position: Clearstream Is Long Established In Asia; Regional Revenues And Offering Is Growing Asia achievements 2014  Client relations: Securing strong market share among regional central bank; significant progre

  21. Slide 21: Key Clearstream Messages

    Investor Presentation > Clearstream 10 June 2015 Deutsche Börse Group 20 Key Clearstream Messages 2014 was another year of growth for Clearstream across all services, asset classes and 1 markets; Q1/2015 provides confirmation of the strategic direction pursued in the last years A key factor in Clear

  22. Slide 22: Financial Calendar And Contact Details

    Investor Presentation > Clearstream 10 June 2015 Deutsche Börse Group 21 Financial Calendar And Contact Details Financial calendar Contact details 27 Jul 2015 Interim report Q2/2015 Deutsche Börse AG 28 Jul 2015 Conference call Q2/2015 Investor Relations 28 Oct 2015 Interim report Q3/2015 Mergenthal

  23. Slide 23: Disclaimer

    Investor Presentation > Clearstream 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

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