Cme Group Inc. · NASDAQ:CME
Cme — Q3 2023 Earnings Presentation
8 slides from Cme's earnings presentation, Oct 25, 2023
Slide 1: 3Q 2023 Summary
3Q 2023 3Q 2023Commentary Earnings Earnings Commentary Adjusted Revenue Adjusted Expense* Diluted EPS 3Q 2023 Summary in millions CME Group continues to work closely with customers and execute on $1,500 $2.40 strategic initiatives within a favorable environment for risk management driving strong qua
Slide 2: 3Q 2023 Highlights & Commentary
3Q 2023 Earnings Commentary - Unaudited 3Q 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 9th consecutive quarter in 3Q 2023 YTD through 3Q Diluted Earnings Adj
Slide 3: Diverse product portfolio drove demand for risk management in 3Q23
3Q 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 3Q23 Interest Rates ADV Interest Rates ADV up 6% to 11M, the highest 3Q ADV in millions
Slide 4: Energy, Agricultural and Metals ADV
3Q 2023 Earnings Commentary - Unaudited Energy ADV increased 16% to 2.1M Agricultural ADV up 19% to 1.4M, the highest 3Q • WTI Crude Oil F/O ADV of 1.1M, up 8% ADV on record • Henry Hub Natural Gas F/O ADV of 533K, up 32% • Grain and Oilseeds F/O ADV of 1.3M, up 18% • Refined Products F/O ADV of 368
Slide 5: 3Q 2023 Product Detail - Financials and Commodities
3Q 2023 Earnings Commentary - Unaudited ADV WTI Crude Oil Weekly Options ADOI • Weekly options, which have been 20,000 40,000 popular in Equity Index for a long time, are now some of our fastest growing products in other asset 15,000 30,000 classes. Monday/Wednesday expiries for WTI Crude Oil weekly
Slide 6: Financial Results, Notes & Guidance
3Q 2023 Earnings Commentary - Unaudited Financial Results Dividends Declared $ in millions • 3Q23 revenue was $1.3 billion. 3Q23 clearing and $2,800 transaction fees revenue totaled $1.1 billion including Annual Variable approximately $69 million of transaction revenue Dividend generated from cash m
Slide 7: Appendix: Micro Product Quarterly Details
3Q 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) 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 ADV 1,858 2,286 3,437 3,319 3,025 2,963 2,725 2
Slide 8: Use of Non-GAAP Measures and Forward-Looking Statements
3Q 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