Slide 1: Q4 And Full Year 2010 Results Analyst and Investor Conference
Q4 And Full Year 2010 Results Analyst and Investor Conference 16 February 2011
Slide 2: FY/2010 – Positive Development Of Business Activity In Most Areas
Deutsche Börse Group, Q4 And Full Year 2010 Results, 16 February 2011 FY/2010 – Positive Development Of Business Activity In Most Areas Xetra – Order book volume (€bn)1 Eurex – Number of contracts traded (m) 1,298 2,647 2,642 1,121 +16% -22% ISE 960 745 +12% Eurex 1,687 1,897 2009 2010 2009 2010 Cle
Slide 3: FY/2010 – Stable Overall Revenues And Tight Cost Management
Deutsche Börse Group, Q4 And Full Year 2010 Results, 16 February 2011 FY/2010 – Stable Overall Revenues And Tight Cost Management Resulted In Improved Earnings On An Adjusted Basis Sales Net interest Earnings per Cash flow Costs EBIT Net income revenue income share1 per share2 +2% −39% +4% / −8%3 −1
Slide 4: Q4/2010 – Slight Year-Over-Year Increase Of Sales Revenue
Deutsche Börse Group, Q4 And Full Year 2010 Results, 16 February 2011 Q4/2010 – Slight Year-Over-Year Increase Of Sales Revenue Sales revenue and EBIT1 (€m) Revenue n Sales revenue: €518.4m (+3% y-o-y) n Net interest income: €16.9m (−5% y-o-y) 564.4 n Other operating income: €12.2m (−84% y-o-y) 505.
Slide 5: Xetra – Sales Revenue In Q4/2010 Exceed 2009 Level
Deutsche Börse Group, Q4 And Full Year 2010 Results, 16 February 2011 Xetra – Sales Revenue In Q4/2010 Exceed 2009 Level; Scoach Reflected In “Result From Equity Investments” Since Q1/2010 Business activity Cash market sales revenue (€m) Change vs. 71.5 70.8 Q4/10 Q3/10 Q4/09 11.5 65.0 63.3 63.2 60.
Slide 6: Eurex – Sales Revenue Increased Year-Over-Year And Quarter-Over-Quarter
Deutsche Börse Group, Q4 And Full Year 2010 Results, 16 February 2011 Eurex – Sales Revenue Increased Year-Over-Year And Quarter- Over-Quarter In Q4/2010 Business activity (traded contracts in million) Eurex sales revenue (€m) Change vs. Q4/10 Q3/10 Q4/09 246.1 213.8 36.4 Index 185.0 +2% 0% 199.9 19
Slide 7: Clearstream – Assets Under Custody Reached All Time High In December 2010
Deutsche Börse Group, Q4 And Full Year 2010 Results, 16 February 2011 Clearstream – Assets Under Custody Reached All Time High In December 2010 Business activity Clearstream revenue (€m) Change vs. 204.0 207.6 205.6 208.0 Q4/10 Q3/10 Q4/09 198.9 17.7 15.7 15.8 16.9 11.0 Assets under custody €11.1tr
Slide 8: Market Data & Analytics – Year-Over-Year Growth Of Sales Revenue
Deutsche Börse Group, Q4 And Full Year 2010 Results, 16 February 2011 Market Data & Analytics – Year-Over-Year Growth Of Sales Revenue, Even If Adjusted For STOXX Consolidation Sales revenue and EBIT (€m) Development of business activity n Less volatile revenue drivers compared to the trading 61.3 b
Slide 9: Operating Efficiency – Program To Optimize Processes And Costs
Deutsche Börse Group, Q4 And Full Year 2010 Results, 16 February 2011 Operating Efficiency – Program To Optimize Processes And Costs Ahead Of Implementation Schedule Ramp-up cost measures (€m) n Program expected to result in €150 million cost savings 2010 2011E 2012E 2013E per annum by 2013 through
Slide 10: Operating Efficiency – Operating Costs For 2011 Expected To Be Around €925 Million
Deutsche Börse Group, Q4 And Full Year 2010 Results, 16 February 2011 Operating Efficiency – Operating Costs For 2011 Expected To Be Around €925 Million Excluding Costs For Efficiency Programs Transition 2010 to 2011 cost guidance (€m) Cost guidance 2011 1,232 1,160- n For 2011 Deutsche Börse plans
Slide 11: Operating Efficiency – Effective Group Tax Rate Reduced By Around 10 Percentage Points
Deutsche Börse Group, Q4 And Full Year 2010 Results, 16 February 2011 Operating Efficiency – Effective Group Tax Rate Reduced By Around 10 Percentage Points Within 5 Years Tax guidance (effective Group tax rate) 2007 Effective Group tax rate 35.6%1 2008 Effective Group tax rate 28.5%, includes the 3
Slide 12: Capital Management – Executive Board Has Proposed A Stable Dividend Of €2.10
Deutsche Börse Group, Q4 And Full Year 2010 Results, 16 February 2011 Capital Management – The Executive Board Of Deutsche Börse Has Proposed A Stable Dividend Of €2.10 For 2010 Dividend payout ratio and dividend n Executive Board has proposed a dividend of €2.10 per Dividend payout ratio share for
Slide 13: Development Of Business Activity In January 2011
Deutsche Börse Group, Q4 And Full Year 2010 Results, 16 February 2011 Development Of Business Activity In January 2011 Xetra – Order book volume (€bn) Eurex – Contracts traded (m) Clearstream – Assets (€tr) +15% +2% +8% 114.3 211.4 214.8 11.4 10.6 99.0 71.2 66.1 +6% 140.2 148.6 Jan 2010 Jan 2011 Jan
Slide 14: Appendix
Deutsche Börse Group, Q4 And Full Year 2010 Results, 16 February 2011 Appendix 13
Slide 15: Income Statement – Group Level
Deutsche Börse Group, Q4 And Full Year 2010 Results, 16 February 2011 Income Statement – Group Level Quarter ended Quarter ended Fiscal year Fiscal year 31 December 2010 31 December 2009 2010 2009 Sales revenue 518.4 505.4 2,106.3 2,061.7 Net interest income from banking business 16.9 17.7 59.4 97.4
Slide 16: Income Statement – Segmental Level
Deutsche Börse Group, Q4 And Full Year 2010 Results, 16 February 2011 Income Statement – Segmental Level Xetra Eurex Clearstream Market Data & Analytics Q4/2010 Q4/2009 Q4/2010 Q4/2009 Q4/2010 Q4/2009 Q4/2010 Q4/2009 Sales revenue 63.2 71.5 202.8 199.9 191.1 186.3 61.3 47.7 Internal sales 0.0 0.0 0.
Slide 17: Disclaimer
Deutsche Börse Group, Q4 And Full Year 2010 Results, 16 February 2011 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 f