Deutsche Boerse Ag · XETR:DB1

Deutsche Boerse — Deutsche Börse Group — Q1 2011 Earnings Presentation

21 slides from Deutsche Boerse's earnings presentation, Apr 28, 2011

  1. Slide 1: Q1/2011 Results Analyst and Investor Conference

    Q1/2011 Results Analyst and Investor Conference 28 April 2011

  2. Slide 2: Overview Q1/2011 Results Conference

    Deutsche Börse Group, Q1/2011 Results, 28 April 2011 Overview Q1/2011 Results Conference n Business activity in Q1/2011 developed positively across the Group: cash equities: +20%, derivatives: +5%, post trade (assets): +6%, post trade (settlement): +22%, MD&A: +10% n Sales revenue increased 8% to €5

  3. Slide 3: Q1/2011 – Positive Development Of Business Activity In Most Areas Of The Group

    Deutsche Börse Group, Q1/2011 Results, 28 April 2011 Q1/2011 – Positive Development Of Business Activity In Most Areas Of The Group Xetra – Order book volume (€bn)1 Eurex – Number of contracts traded (m) 379 652 687 316 +20% -1% ISE 199 198 +8% Eurex 453 490 Q1/2010 Q1/2011 Q1/2010 Q1/2011 Clearstre

  4. Slide 4: Q1/2011 – Best Quarter In Terms Of Earnings Per Share Since 2008

    Deutsche Börse Group, Q1/2011 Results, 28 April 2011 Q1/2011 – Best Quarter In Terms Of Earnings Per Share Since 2008 Sales revenue (€m) Total costs (€m)1 Earnings per share (€)1 564.4 558.6 519.2 504.3 518.4 1.19 1.20 328.0 271.0 274.0 274.1 0.95 0.92 257.7 0.82 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 Q1 Q2

  5. Slide 5: Q1/2011 – Successful Implementation Of Efficiency Measures Result In Year-Over-Year Decline Of Total Costs

    Deutsche Börse Group, Q1/2011 Results, 28 April 2011 Q1/2011 – Successful Implementation Of Efficiency Measures Result In Year-Over-Year Decline Of Total Costs Sales revenue and EBIT1 (€m) Revenue n Sales revenue: €558.6m (+8% y-o-y) 564.4 n Net interest income: €16.1m (+46% y-o-y) 558.6 519.2 518.4

  6. Slide 6: Xetra – Significant Increase Of Xetra Order Book Volume Against Q1 And Q4 2010

    Deutsche Börse Group, Q1/2011 Results, 28 April 2011 Xetra – Significant Increase Of Xetra Order Book Volume Against Q1 And Q4 2010 Business activity Cash market sales revenue (€m) Change vs. 73.0 70.8 Q1/11 Q4/10 Q1/10 65.0 63.3 63.2 16.5 18.7 Xetra – electronic trading 17.4 16.7 5.2 20.1 5.4 5.0 6

  7. Slide 7: Eurex – Significant Sequential Improvement Of Sales Revenue

    Deutsche Börse Group, Q1/2011 Results, 28 April 2011 Eurex – Significant Sequential Improvement Of Sales Revenue Business activity (traded contracts in million) Eurex sales revenue (€m) Change vs. Q1/11 Q4/10 Q1/10 246.1 230.0 213.8 36.4 Index 214.8 +16% +7% 196.0 202.8 36.4 33.1 34.4 34.5 35.3 33.4

  8. Slide 8: Eurex – ISE's Volumes Have Improved While The Market Share Has Stabilized

    Deutsche Börse Group, Q1/2011 Results, 28 April 2011 Eurex – ISE’s Volumes Have Improved While The Market Share Has Stabilized Contract volume in m Market share in %1 100 24 21% 21% 21% 21% 20% 20% 19% 19% 20 19% 80 71 66 16 62 63 61 60 56 53 55 52 12 40 8 20 4 0 0 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10

  9. Slide 9: Clearstream – Total Revenues Reached The Highest Level Since The First Quarter 2009

    Deutsche Börse Group, Q1/2011 Results, 28 April 2011 Clearstream – Total Revenues Reached The Highest Level Since The First Quarter 2009 Business activity Clearstream revenue (€m) Change vs. 208.0 214.2 207.6 205.6 Q1/11 Q4/10 Q1/10 198.9 16.1 15.7 15.8 16.9 11.0 Assets under custody €11.3tr +2% +6%

  10. Slide 10: Clearstream – Net Interest Income Expected To Benefit From Growth Of Cash Balances

    Deutsche Börse Group, Q1/2011 Results, 28 April 2011 Clearstream – Net Interest Income Expected To Benefit From Growth Of Cash Balances And Positive Interest Rate Cycle Settlement transactions1 & cash balances Central bank rates & net interest income Avg. cash balances in € bn €8.1 Fed fund rate Set

  11. Slide 11: Market Data & Analytics – Sales Revenue Up 10 Percent Year Over Year

    Deutsche Börse Group, Q1/2011 Results, 28 April 2011 Market Data & Analytics – Sales Revenue Up 10 Percent Year Over Year Sales revenue and EBIT (€m) Development of business activity n Less volatile revenue drivers compared to the trading 61.3 businesses of Deutsche Börse: Number of data 55.6 57.5 p

  12. Slide 12: Continued Focus On Growth Initiatives And Operating Efficiency While Maintaining Strong Financial Position

    Deutsche Börse Group, Q1/2011 Results, 28 April 2011 Continued Focus On Growth Initiatives And Operating Efficiency While Maintaining Strong Financial Position n Expenditures for organic growth initiatives and infrastructure raised to ~€120 million in 2011 Growth n Initiatives include expansion of p

  13. Slide 13: Growth – Product Initiatives Continue To Build Traction

    Deutsche Börse Group, Q1/2011 Results, 28 April 2011 Growth – Product Initiatives Continue To Build Traction Xetra – Order book volume ETFs (€bn)1 Eurex – Dividend and volatility products (k)2 17 628 12 14 460 9 11 16 214 2007 2008 2009 2010 Q1/11 2007 2008 2009 2010 Q1/11 Clearstream – GC Pooling (

  14. Slide 14: Growth – Investment Program Is Geared To Support Structural Growth

    Deutsche Börse Group, Q1/2011 Results, 28 April 2011 Growth – Investment Program Is Geared To Support Structural Growth And Build On The Company’s Strength In Technology Investment program 2011 Main initiatives ~€120 million expenditures Eurex n New trading infrastructure for ISE that significantly

  15. Slide 15: Operating Efficiency – Implementation Of Program To Optimize Processes And Costs Significantly Accelerated

    Deutsche Börse Group, Q1/2011 Results, 28 April 2011 Operating Efficiency – Implementation Of Program To Optimize Processes And Costs Significantly Accelerated Ramp-up cost measures (€m) n Program to optimize operational processes and costs 2010 2011E 2012E 2013E across the Group has been significan

  16. Slide 16: Operating Efficiency – Guidance For Operating Costs In 2011 Reduced By €35 Million

    Deutsche Börse Group, Q1/2011 Results, 28 April 2011 Operating Efficiency – Guidance For Operating Costs In 2011 Reduced By €35 Million To €890 Million Transition reduced 2011 cost guidance (€m) Reduced 2011 cost guidance1 1,160- 10 15 n Operating cost guidance reduced from €925 million to €890 1,18

  17. Slide 17: Capital Management – Deutsche Börse Proposes A Stable Dividend Of €2.10 For 2010

    Deutsche Börse Group, Q1/2011 Results, 28 April 2011 Capital Management – Deutsche Börse Proposes A Stable Dividend Of €2.10 For 2010 Dividend payout ratio and dividend n Under its Capital Management Policy Deutsche Börse Dividend payout ratio from 2005 to 2008 completed the largest capital 21% 25%

  18. Slide 18: Appendix

    Deutsche Börse Group, Q1/2011 Results, 28 April 2011 Appendix 17

  19. Slide 19: Income Statement – Group Level

    Deutsche Börse Group, Q1/2011 Results, 28 April 2011 Income Statement – Group Level Quarter ended Quarter ended 31 March 2011 31 March 2010 Sales revenue 558.6 519.2 Net interest income from banking business 16.1 11.0 Other operating income 8.3 12.5 Total revenue 583.0 542.7 Volume-related costs -56

  20. Slide 20: Income Statement – Segmental Level

    Deutsche Börse Group, Q1/2011 Results, 28 April 2011 Income Statement – Segmental Level Xetra Eurex Clearstream Market Data & Analytics Q1/2011 Q1/2010 Q1/2011 Q1/2010 Q1/2011 Q1/2010 Q1/2011 Q1/2010 Sales revenue 73.0 65.0 230.0 213.8 198.1 187.9 57.5 52.5 Internal sales 0.0 0.0 0.0 0.0 1.8 2.2 8.6

  21. Slide 21: Disclaimer

    Deutsche Börse Group, Q1/2011 Results, 28 April 2011 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. Suc

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