Slide 1: Q3/2022 Financial results Analyst and Investor Conference Call
Q3/2022 Financial results Analyst and Investor Conference Call 20 October 2022
Slide 2: Strong organic growth performance in 9M/2022 due to secular growth and continued cyclical tailwinds
Strong organic growth performance in 9M/2022 due to secular growth and continued cyclical tailwinds Organic net revenue grow th M&A contribution Operating costs +20% +3% net revenue Organic operating costs 9M/2022 +8% secular +12% cyclical growth from M&A in line with expectations Net revenue €3,170
Slide 3: Group financials 9M/2022
Group financials 9M/2022 Net revenue | €m EBITDA | €m Cash EPS1 | € Note +23% +24% +22% +20% (organic) +24% (organic) +21% (organic) Net interest €298m income +199% €1,284m 3,170 6.53 Operating cost +16% +8% (organic w/o FX) 2,575 5.34 Financial investments €29m 1,915 Depreciation2 €259m
Slide 4: Operating cost development
Operating cost development 9M/2022 │ €m M&A FX effect Organic (w/o FX) Note +5% +3% +8% M&A effects (+5%) mainly driven by +16% ISS as well as Discovery Data, Crypto Finance and Kneip 1,284 42 Stronger US-Dollar resulted in 3% operating cost increase (but more 49 beneficial to revenue deve
Slide 5: Group financials Q3/2022
Detailed income statement Group financials Q3/2022 Net revenue | €m EBITDA | €m Cash EPS1 | € Note +30% +29% +24% Continued strong net revenue growth: 8% secular + 20% cyclical + 2% M&A 1,090 Constant currency organic operating cost increased by 12% (mainly driven 2.15 by inflationary effe
Slide 6: Data & Analytics
Detailed income statement Data & Analytics Q3/2022 │ €m Net revenue EBITDA Business development +30% –13% +33% (excl. Clarity AI effect) The Data & Analytics business continued to benefit from the strong trend towards ESG in the asset 166 management industry, a solid new client pipeline and
Slide 7: Trading & Clearing
Detailed income statement Trading & Clearing Q3/2022 │ €m Net revenue EBITDA Business development +31% +39% The Trading & Clearing segment benefitted from higher volatility and increased client hedging needs 554 35 Foreign exchange │ +33% Financial derivatives were driven by index derivative
Slide 8: Fund Services
Detailed income statement Fund Services Q3/2022 │ €m Net revenue EBITDA Business development +10% –10% Continued onboarding of new clients and funds more than offset cyclical headwinds from markets 93 85 Consolidation of Kneip (end of 18 Other1 │ +25% Q1/22) resulted in additional net 14 rev
Slide 9: Securities Services
Detailed income statement Securities Services Q3/2022 │ €m Net revenue EBITDA Business development +38% +56% Headwinds from equity market performance and lower retail participation were over- 277 compensated by solid levels of fixed income issuance activity and 33 Other1 │ +18% FX effects on U
Slide 10: Outlook
Outlook FY/2022 │ €bn Net revenue EBITDA Note Initial guidance for 2022 was for net 2022 revenue of ~€3.8 billion and EBITDA target of ~€2.2 billion >4.1 With strong secular growth and ongoing cyclical tailwinds, we now expect: 2.9 – Net revenue: >€4.1 billion 2022 – EBITDA: >€2.3 billion target
Slide 11: Appendix
Appendix Deutsche Börse Group │ 20 October 2022 10
Slide 12: Income statement – group level
Back to group overview Income statement – group level Q3/22 Q3/21 Change €m €m % Sales revenue 1,166.7 1,039.0 12 Treasury result from banking business 159.9 32.5 392 Other operating income 8.8 6.3 40 Total revenue 1,335.4 1,077.8 24 Volume-related costs –245.2 –239.9 2 Net revenue 1,090.2 837.9 30
Slide 13: Detailed income statement – Data & Analytics
Back to segmental overview Detailed income statement – Data & Analytics Income statement ‒ Data & Analytics Volumes Revenue per volume Q3/22 Q3/21 Change Unit Volume Change Unit RPV Change €m €m % % % Net revenue 166.4 128.2 30 AuM (€bn) 96 –17 Index 1 46.6 43.4 7 Contracts (m) 206 20 Analytics 19.5
Slide 14: Detailed income statement – Trading & Clearing
Back to segmental overview Detailed income statement – Trading & Clearing Income statement ‒ Trading & Clearing Volumes Revenue per volume Q3/22 Q3/21 Change Unit Volume Change Unit RPV Change €m €m % % % Net revenue 553.6 423.7 31 Financial derivatives 315.8 234.7 35 Equities 1 126.8 99.8 27 Contra
Slide 15: Detailed income statement – Fund Services
Back to segmental overview Detailed income statement – Fund Services Income statement ‒ Fund Services Volumes Revenue per volume Q3/22 Q3/21 Change Unit Volume Change Unit RPV Change €m €m % % % Net revenue 93.3 84.7 10 Fund processing 1 53.5 51.5 4 AuC (€bn) 3,228 –3 bps p.a. 0.663 7 Fund distribut
Slide 16: Detailed income statement – Securities Services
Back to segmental overview Detailed income statement – Securities Services Income statement ‒ Securities Services Volumes Revenue per volume Q3/22 Q3/21 Change Unit Volume Change Unit RPV Change €m €m % % % Net revenue 276.9 201.3 38 Custody 1 147.6 135.1 9 AuC (€bn) 13,405 2 bps p.a. 0.440 7 Settle
Slide 17: Financial calendar and contact details
Financial calendar and contact details Financial calendar Deutsche Börse AG Investor Relations 08 Nov. 2022 UBS European Conference (London) Mergenthalerallee 61 21 Nov. 2022 DZ Bank Equity Conference (Frankfurt) 65760 Eschborn 28 Nov. 2022 Deutsches Eigenkapitalforum (Frankfurt) Germany 30 Nov. 202
Slide 18: Disclaimer
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 and unknown risks