Deutsche Boerse Ag · XETR:DB1

Deutsche Boerse — Deutsche Börse — Q1 2023 Earnings Presentation

15 slides from Deutsche Boerse's earnings presentation, Apr 27, 2023

  1. Slide 1: Q1/2023 Financial results

    Q1/2023 Financial results Analyst and Investor Conference Call 27 April 2023

  2. Slide 2: Strong start into 2023 – secular growth above expectations and continued cyclical tailwinds

    Strong start into 2023 – secular growth above expectations and continued cyclical tailwinds Organic net revenue grow th M&A contribution Operating costs +16% +0% net revenue Development in-line with +7% secular +9% cyclical growth from M&A expectations Q1/2023  Continued strong secular  Cyclical t

  3. Slide 3: Group financials

    Detailed income statement Group financials Q1/2023 Net revenue | €m EBITDA | €m Cash EPS1 | € Note  +16%  +12%  +13% Net interest €227m Income (NII) +276% €453m 1,231 Operating cost +11% 2.70 +10% (organic) 1,062 Proceeds due 49 2.40 to divestiture Financial investments €−6m of REGIS-TR 772 687 D

  4. Slide 4: Data & Analytics

    Detailed income statement Data & Analytics Q1/2023 │ €m Net revenue EBITDA Business development  +8%  –3%  Ongoing demand for ESG, corporate and governance solutions from asset management industry and corporates 157 as well as a solid new client pipeline. 145 29 Other1 │ +6%  FX net revenue tail

  5. Slide 5: Trading & Clearing

    Detailed income statement Trading & Clearing Q1/2023 │ €m Net revenue EBITDA Business development  +9%  0%  Financial derivatives were driven by interest rate derivatives, OTC clearing and higher margin fees. 608 556 34 Foreign exchange │ +10%  Commodities was driven by modest 31 78 Cash equitie

  6. Slide 6: Fund Services

    Detailed income statement Fund Services Q1/2023 │ €m Net revenue EBITDA Business development  +15%  –2%  In fund processing, lower volatility led to a small decline in market activity. 106  Carve out of Fund Services resulted in small income statement shift 93 effects from/to Securities Services

  7. Slide 7: Securities Services

    Detailed income statement Securities Services Q1/2023 │ €m Net revenue EBITDA Business development  +35%  +49%  Custody positively affected by ongoing high level of fixed income issuance activity and higher collateral 361 management revenues in light of 36 Other │ +21% increasing interest rates.

  8. Slide 8: Outlook

    Outlook FY/2023 │ €bn Net revenue EBITDA Note  For 2023 we expected net revenue to increase to €4.5–4.7 billion and the 2023 target EBITDA to €2.6–2.8 billion. 4.5-4.7  In view of the performance in Q1/23 and the outlook for the rest of the year, we currently expect that we will 2023 target be at

  9. Slide 9: Appendix

    Appendix Deutsche Börse Group │ 27 April 2023 8

  10. Slide 10: Income statement – group level

    Back to group overview Income statement – group level Q1/23 Q1/22 Change €m €m % Sales revenue 1,250.0 1,187.6 5 Treasury result from banking business 226.9 60.3 276 Other operating income 4.5 56.2 –92 Total revenue 1,481.4 1,304.1 14 Volume-related costs –250.2 –242.5 3 Net revenue 1,231.2 1,061.6

  11. Slide 11: Detailed income statement – Data & Analytics

    Back to segmental overview Detailed income statement – Data & Analytics Income statement ‒ Data & Analytics Volumes Revenue per volume Q1/23 Q1/22 Change Unit Volume Change Unit RPV Change €m €m % % % Net revenue 156.7 145.0 8 AuM (€bn) 109 –4 Index 1 50.5 49.3 2 Contracts (m) 242 –4 Analytics 19.9

  12. Slide 12: Detailed income statement – Trading & Clearing

    Back to segmental overview Detailed income statement – Trading & Clearing Income statement ‒ Trading & Clearing Volumes Revenue per volume Q1/23 Q1/22 Change Unit Volume Change Unit RPV Change €m €m % % % Net revenue 607.8 556.2 9 Financial derivatives 357.6 315.0 14 Equities 1 148.8 148.4 0 Contrac

  13. Slide 13: Detailed income statement – Fund Services

    Back to segmental overview Detailed income statement – Fund Services Income statement ‒ Fund Services Volumes Revenue per volume Q1/23 Q1/22 Change Unit Volume Change Unit RPV Change €m €m % % % Net revenue 106.1 92.5 15 Fund processing 1 51.6 54.0 –4 AuC (€bn) 3,198 –5 bps p.a. 0.645 0 Fund distrib

  14. Slide 14: Detailed income statement – Securities Services

    Back to segmental overview Detailed income statement – Securities Services Income statement ‒ Securities Services Volumes Revenue per volume Q1/23 Q1/22 Change Unit Volume Change Unit RPV Change €m €m % % % Net revenue 360.6 267.9 35 Custody 1 154.5 139.8 11 AuC (€bn) 13,946 5 bps p.a. 0.443 6 Settl

  15. Slide 15: Financial calendar and contact details

    Financial calendar and contact details Financial calendar Deutsche Börse AG 10 May 2023 Redburn Toronto Conference Investor Relations 12 May 2023 Stifel German Corporate Conference (Frankfurt) Mergenthalerallee 61 16 May 2023 Annual General Meeting 2023 65760 Eschborn 17 May 2023 UBS Best of Europe

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