Bursa De Valori Bucuresti · BVB:BVB
Bursa De Valori Bucuresti — H1 2022 Earnings Presentation
14 slides from Bursa De Valori Bucuresti's earnings presentation, Nov 8, 2022
Slide 1: BVB 1H22 Half Year Results
BUCHAREST STOCK EXCHANGE BVB 1H22 Half Year Results Own the future. Invest in it.
Slide 2: BVB vs BET Index (5 years)
BVB vs BET Index (5 years) 40 16,000 14,000 30 12,000 10,000 20 8,000 6,000 10 4,000 2,000 0 - BVB BET index (rhs)
Slide 3: Highlights – Q2 Financials
Highlights – Q2 Financials Consolidated Q2 22 vs Q2 21 (RON mn) Standalone Q2 22 vs Q2 21 (RON mn) Strong top line performance driven by trading revenues / public +35% +44% offers and healthy growth of non-trading revenues (market data, issuer fees) as well as post-trading operations 14.8 11 8.5 5.9
Slide 4: 5.67 4.89 4.35 3.96 3.69 3.49 3.14 2.89 2.92 2.73 2.78 2.50 2.11 2.07
5.67 4.89 4.35 3.96 3.69 3.49 3.14 2.89 2.92 2.73 2.78 2.50 2.11 2.07 1.48 1.33 0.69 0.03 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 298 278 194 251 241 5,405 228 3,957 124 133 99 2,869 3,002 94 97 75 52 1,628 1,364 1,341 1,332 34 25 15.5 19 8.5 30 2Q20
Slide 5: Updates
STOCK EXCHANGE Updates 35 BUCHAREST Hidroelectrica IPO most likely expectedin Q1 2023. Primary markets The state approves the listing of Salrom through a sale of existing shares by minority shareholder Fondul Proprietatea. Private companies IPOs possible by EoY, subject to market conditions. Signifi
Slide 6: 18.35 11.70 57% 30.47 20.93 46% (10.53) (8.77) 20% (22.26) (19.81) 12% 7.82 2.93
18.35 11.70 57% 30.47 20.93 46% (10.53) (8.77) 20% (22.26) (19.81) 12% 7.82 2.93 167% 8.21 1.12 634% 43% 25% 27% 5% 2.53 1.33 91% 1.96 2.09 -6% 10.35 4.25 143% 10.17 3.21 217% 9.10 3.57 155% 8.76 2.57 241% 50% 31% 29% 12% 1.1302 0.4440 155% 1.0600 0.3614 193% 8% 3% 6% 2%
Slide 7: Main financial indicators, 1H 22 vs. 1H 21 (RON mn)
Main financial indicators, 1H 22 vs. 1H 21 Main financial indicators, 2Q 22 vs. 18.35 (RON mn) 8.49 (RON mn) 11.70 5.56 5.91 10.53 4.95 9.10 8.77 4.71 7.82 2.93 2.92 3.57 1.41 0.96 1H 2022 1H 2021 2Q 2022 2Q 2021 Operating revenues Operating expenses Operating profit Net profit Operating revenues Op
Slide 8: BVB Group Main financial indicators, 1H 22 vs 1H 21 (RON mn)
BVB Group BVB Group Main financial indicators, 1H 22 vs 1H 21 Main financial indicators, 2Q22vs. 2Q 21 (RON mn) 14.87 (RON mn) 30.47 12.34 11.04 10.74 22.26 20.93 19.81 8.21 8.76 3.32 2.53 1.12 2.57 0.31 0.47 1H 2022 1H 2021 2Q 2022 2Q 2021 Operating revenues Operating expenses Operating profit Net
Slide 9: Revenues by segment
• 20.00 • 18.19 15.00 11.54 10.00 7.84 6.00 • 4.44 5.00 3.39 - Trading segment Post-trading segment Registry segment 1H2022 1H2021 Registry, 15% Other, 4% Data vending, 12% Trading fees, 68% Post-trading, 26% Trading, 60% Issuers fees, 16%
Slide 10: Operating expenses 1H 2022
Audit services, 12% 3.30 Commissions & 2.64 fees, 10% 1.63 Other third party 1.46 services, 36% 4.67 5.60 Promotion activities, 17% 1H 2021 1H 2022 Business development Personnel costs & Directors' fees services, 25% Third party services Rent and office Other expenses, utilities 12% 11% IT • mainten
Slide 11: Operating expenses 1H 2022 (Group)
Consultancy services expenses Audit services 44% 11% 6.83 5.88 2.90 3.94 Commissions & Other third party fees 12.53 services… 10.00 11% 1H 2021 1H 2022 Promotion Personnel costs & Directors' fees Third party services Business development services activities 14% 9% Other operating expenses Other expe
Slide 12: Overview of the financial position — half year results
STOCK EXCHANGE Overview of the financial position — half year results 36 BUCHAREST Financial position, BVB standalone and BVB Group (RON mn, unless otherwise stated) BVB Standalone BVB standalone GROUP * Total assets — up by 2% vs Dec 21 to the value of RON 119.55 mn, mainly Jun 2022 Dec 2021 Jun 20
Slide 13: Attractive dividend yield
Attractive dividend yield 3.50 3.00 8% 5.9% 2.50 5.1% 6% 2.00 4.3% 3.3% 3.5% 1.50 2.7% 4% 1.00 1.68 2% 0.50 0.92 1.13 0.81 1.07 0.96 0.00 0% 2016 2017 2018 2019 2020 2021 Dividend/share [RON] Dividend yield [%] • • In June, BVB paid the 2021 dividends in amount of RON 7.68 mn 13
Slide 14: IR Contact
IR Contact: Remus Danila Head of IR and Business Development ir@bvb.ro M: +40 745 013 552 P: +40 21 307 95 07 BUCHAREST Thank you This presentation is made solely to the intended recipient and should not be distributed to, or acted upon by, any other person. Itis for general information only and ref
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