Slide 1: 4Q 2023 Earnings Commentary Summary
3Q 2023 4Q 2023Commentary Earnings Earnings Commentary Adjusted Revenue Adjusted Expense Diluted EPS 4Q 2023 Summary in millions CME Group’s strong performance in 4Q topped off the best year in the $1,500 $2.40 company’s history which included record revenue (+11%) and adjusted earnings (+17%) drive
Slide 2: 4Q 2023 Highlights & Commentary
4Q 2023 Earnings Commentary - Unaudited 4Q 2023 Highlights & Commentary (ADV and open interest (OI) stated in contracts, except for cash markets) CME Group’s strategic execution drove double-digit adjusted earnings growth for the 10th consecutive quarter in 4Q 2023 Annual Adjusted Financials Diluted
Slide 3: Diverse product portfolio drove demand for risk management in 4Q23
4Q 2023 Earnings Commentary - Unaudited CME Group’s diverse product portfolio shined as ongoing market uncertainty and geopolitical factors drove growing demand for risk management across several asset classes in 4Q23 Interest Rates ADV in millions 4Q23 Interest Rates ADV up 36% to 13.3M, the highes
Slide 4: Agricultural, Metals and Non-U.S. ADV growth
4Q 2023 Earnings Commentary - Unaudited Agricultural ADV up 26% to 1.5M, the highest Metals ADV increased 20% to 609K 4Q ADV on record • Precious Metals ADV up 20% to 487K • Grain and Oilseeds F/O ADV of 1.3M, up 25% ‒ Precious Metals options ADV grew 50% ‒ Corn ADV up 11% ‒ Soybean Oil ADV up 10% t
Slide 5: 4Q 2023 Product Detail - Commodities
4Q 2023 Earnings Commentary - Unaudited On the Commodities side, options activity continued to surge, with 49% YoY ADV growth in 4Q. Furthermore, environmental products remain a key focus for the future, as CME Group is well positioned with a healthy network of market participants across traditional
Slide 6: Financial Results & Guidance
4Q 2023 Earnings Commentary - Unaudited Financial Results Dividends Declared $ in millions $3,200 • 4Q23 revenue was $1.4 billion. 4Q23 clearing and transaction fees revenue totaled approximately $1.2 Annual Variable billion including ~$71 million of transaction revenue Dividend generated from cash
Slide 7: Appendix: Micro Product Quarterly Details
4Q 2023 Earnings Commentary - Unaudited Financial Results Appendix Micro Product Quarterly Details ADV in thousands / RPC in cents except for Micro Crypto Micro Equity Index Products (including Micro Crypto) 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 ADV 2,286 3,437 3,319 3,025 2,963 2,725 2,099 2
Slide 8: Use of Non-GAAP Measures and Forward-Looking Statements
4Q 2023 Earnings Commentary - Unaudited Use of Non-GAAP Measures A reconciliation of the non-GAAP financial results mentioned to the respective GAAP figures can be found within the Reconciliation of GAAP to non-GAAP Measures chart at the end of the financial statements and earnings presentation mate