Slide 1: Q1/2015 Results Analyst and Investor Conference Call
Q1/2015 Results Analyst and Investor Conference Call 30 April 2015
Slide 2: Highlights Q1/2015 Results Presentation
Q1/2015 Results 30 April 2015 Deutsche Börse Group 1 Highlights Q1/2015 Results Presentation Index derivatives and cash equities benefitted from higher volatility; power and gas products developed very favourably; Clearstream and MD+S continued their positive performance Net revenue amounted to
Slide 3: Q1/2015 – Group Financials
Q1/2015 Results 30 April 2015 Deutsche Börse Group 2 Q1/2015 – Group Financials Net revenue, EBIT and EPS development €m Revenue Net revenue EBIT adjusted1 EPS adjusted (€)1 Net revenue: €600.1m (+16% y-o-y) Net interest income: €8.4m (-23% y-o-y); now also includes Eurex NII from cash collatera
Slide 4: Q1/2015 – Eurex
Q1/2015 Results 30 April 2015 Deutsche Börse Group 3 Q1/2015 – Eurex Business activity Q1/2015 y-o-y Net revenue Financial derivatives (traded contracts in m) €m US Options 127.6 -21% +18% 248 Equity 74.8 9% 222 21 Others2 Fixed income 123.9 -2% 210 9 Repo 19 Index 214.4 19% 21 186 190 7 38 Commodit
Slide 5: Q1/2015 – Xetra
Q1/2015 Results 30 April 2015 Deutsche Börse Group 4 Q1/2015 – Xetra Business activity Q1/2015 y-o-y Net revenue Order book volume in €bn1 €m +13% 49 +26% 437 44 43 7 Others2 348 7 37 38 9 9 CCP 8 8 8 8 7 7 33 Trading 28 27 23 23 Q1/14 Q1/15 Q1/14 Q2/14 Q3/14 Q4/14 Q1/15 1) Xetra, Börse Frankfurt an
Slide 6: Q1/2015 – Clearstream
Q1/2015 Results 30 April 2015 Deutsche Börse Group 5 Q1/2015 – Clearstream Business activity Q1/2015 y-o-y Net revenue €m +12% Assets under 191 €13.2tr 9% 180 custody 173 175 170 32 Others2 29 32 Settlement 29 30 9 NII 37.3m 13% 4 transactions 8 10 10 17 GSF 17 16 16 16 GSF 34 38 Settlement €628.4bn
Slide 7: Q1/2015 – Market Data + Services
Q1/2015 Results 30 April 2015 Deutsche Börse Group 6 Q1/2015 – Market Data + Services Business activity Q1/2015 y-o-y Net revenue Information €m Derivatives/ cash market data, indicators, news +19%1 112 Index 11 Market Calculation/ distribution of indices through STOXX: 99 94 95 93 Solutions 7 E
Slide 8: Management Is Firmly Focused On Growing The Business, Effective Cost Management, And Attractive Capital Management
Q1/2015 Results 30 April 2015 Deutsche Börse Group 7 Management Is Firmly Focused On Growing The Business, Effective Cost Management, And Attractive Capital Management Ambitious growth targets OTC Clearing Collateral management/ T2S 20-40 per cent net revenue growth target 2013-2017 Market D
Slide 9: Financial Guidance – Net Revenue On Track To Achieve Mid-Term Growth Target
Q1/2015 Results 30 April 2015 Deutsche Börse Group 8 Financial Guidance – Net Revenue On Track To Achieve Mid-Term Growth Target Financial guidance for 2015 (update) Net revenue on track for mid-term target €m Net revenue ~€2.2 to €2.4 billion (from €2.1 to €2.3bn) +8-17% ~2,300- +7% 2,700 Operati
Slide 10: Financial Guidance – Operating Costs In 2015 Increase Mainly Due To Consolidation And FX Effects
Q1/2015 Results 30 April 2015 Deutsche Börse Group 9 Financial Guidance – Operating Costs In 2015 Increase Mainly Due To Consolidation And FX Effects Transition from 2014 operating costs to 2015 guidance (update) Operating costs1, €m Cost guidance 2015 ~20- (update) 25 ~1,230 ~15 For 2015 Deutsche
Slide 11: Capital Management – Strong Cash Flow Generation Allows For Strong Rating Profile And Attractive Distribution Policy
Q1/2015 Results 30 April 2015 Deutsche Börse Group 10 Capital Management – Strong Cash Flow Generation Allows For Strong Rating Profile And Attractive Distribution Policy Strong cash flow, balance sheet and rating Attractive dividend distribution Pay-out ratio (%)2 Strong balance sheet 49 50 51 38 5
Slide 12: Appendix
Q1/2015 Results 30 April 2015 Deutsche Börse Group 11 Appendix
Slide 13: Income Statement – Group Level Adjusted
Q1/2015 Results 30 April 2015 Deutsche Börse Group 12 Income Statement – Group Level Adjusted Quarter ended Quarter ended 31 March 2015 31 March 2014 Sales revenue 679.8 589.8 Net interest income from banking business 8.4 10.9 Other operating income 5.2 3.2 Total revenue 693.4 603.9 Volume-related c
Slide 14: Income Statement – Segmental Level
Q1/2015 Results 30 April 2015 Deutsche Börse Group 13 Income Statement – Segmental Level Eurex Xetra Clearstream Market Data + Services Q1/2015 Q1/2014 Q1/2015 Q1/2014 Q1/2015 Q1/2014 Q1/2015 Q1/2014 Sales revenue1 285.9 244.5 57.2 50.3 228.5 202.7 120.2 102.0 Net interest income from banking busine
Slide 15: Financial Calendar And Contact Details
Q1/2015 Results 30 April 2015 Deutsche Börse Group 14 Financial Calendar And Contact Details Financial calendar Contact details 13 May 2015 Annual General Meeting Deutsche Börse AG 2 June 2015 Investor Day 2015 (London) Investor Relations 27 Jul 2015 Interim report Q2/2015 Mergenthalerallee 61 28 Ju
Slide 16: Disclaimer
Q1/2015 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