Slide 1: Investor Presentation: 3rd Quarter 2024
Investor Presentation: 3rd Quarter 2024 StoneX Group Inc. August 6th, 2024
Slide 2: Disclaimer
Disclaimer The StoneX Group Inc. group of companies provides financial services worldwide, including physical commodities, securities, exchange-traded and over-the-counter derivatives, risk management, global payments and foreign exchange products, through its subsidiaries, in accordance with applic
Slide 3: Company Highlights
Company Highlights 16.0% 28% CAGR Book Value TTM Return on Equity (ending 6/30/24) FY 2003- Q3’2024 32% CAGR 0.8x Operating Revenue Operating Revenue FY 2003 – Q3’2024 11.6x EPS 1.6x Price to Book (based on 7/31/24 market capitalization) 3
Slide 4: Investment Highlights
Investment Highlights Leading global financial services platform for mid-market institutional, commercial UNIQUE FINANCIAL SERVICES and retail clients. PLATFORM Integral part of the global financial infrastructure. TRACK RECORD A 20+ year track record of consistent and significant growth in re
Slide 5: We Connect Clients to Markets
Who We Are We Connect StoneX provides institutional-grade global market access, end-to-end clearing and execution, high- Clients to touch service and deep expertise through one trusted partner Markets We Monetize the We monetize client activity over our global network through commissions and Network
Slide 6: StoneX at a Glance
StoneX at a Glance 40+ Exchanges 18,000+ 140 OTC Products Currencies Global Execution, Clearing & Custody Across Equities, Fixed Income, FX, and Commodities $4.5T 54,000+ $1,608M Institutional, 400,000+ $6.9B+ Volume Traded (2) Equity Capital Commercial & Retail Clients Client Assets(1) 197M Payment
Slide 7: Our Global Footprint
Our Global Footprint MORE THAN 450,000 CLIENTS IN MORE THAN 180 COUNTRIES OVER 4,300 STAFF LOCATED IN 21 COUNTRIES AND 6 CONTINENTS Americas EMEA APAC Exchanges and Industry Associations Regulatory Bodies 7
Slide 8: Company Timeline
Company Timeline International International —_Listed on Global Assets & FCStone Assets NASDAQ Currencies. ~_ merge. Becoming Founded -1981 1994 Ltd-2004 — INTLFCStone-2009 Sterne Fillmore Akshay Giroxx Chasing Current International Agee Advisors Financeware Gmbh Returns management Assets issues 201
Slide 9: Integral Part of the Global Financial Infrastructure
Integral Part of the Global Financial Infrastructure Efficient clearing and settlement on over 40 exchanges and across 180+ foreign exchange markets $6.9+ billion of Client Float across our FCM, Broker-Dealer and Retail Member of SWIFT, OTC business delivering client payments through a proprietary g
Slide 10: Unique Financial Services Platform
Unique Financial Services Platform Global Diversified Client Base INSTITUTIONAL RETAIL COMMERCIAL PAYMENTS Risk Profile RISK TAKERS RISK MITIGATION TREASURY MANAGEMENT % of Total Net Operating Revenue 48% of Net Operating Revenue 52% of Net Operating Revenue Global trading, execution, clearing L
Slide 11: Global Multi-Asset Product and Service Offering
Global Multi-Asset Product and Service Offering FIXED INCOME EQUITIES Government Bonds I C R US Agency Products I C R Global Cash Equities I C R ETFs and Mutual Funds I C R US Treasury Bills MBS US Cash Equities US ETFs US Notes and Bonds CMO European Cash Equities European ETFs US TIPS CMBS Canadia
Slide 12: Track Record of Success
Track Record of Success STOCKHOLDER RETURN LONG-TERM FINANCIAL PERFORMANCE 4,500 CAGR $3,500 CAGR 20% 7% 4% 28% 32% 29% 4,000 $3,000 3,500 $2,500 3,000 Index = (2003 = $100) $2,000 2,500 2,000 $1,500 1,500 $1,000 1,000 $500 500 - $0 2012 2003 2021 2022 2010 2008 2015 2017 2016 2019 2020 2014 TTM Jun
Slide 13: Track Record of Success
Track Record of Success OPERATING REVENUE ($MM) NET INCOME ($MM) $3,500 $3,294 $280 $2,914 $239 $235 $3,000 $240 $207 $2,500 $200 $2,107 $170 $2,000 $1,673 $160 $116 $1,500 $1,308 $120 $1,106 $85 $1,000 $80 $500 $40 $0 $0 2019 2020 2021 2022 2023 TTM 2019 2020 2021 2022 2023 TTM STOCKHOLDER’S EQUITY
Slide 14: Diverse and Resilient Business Model
Diverse and Resilient Business Model • Global access to over 40 exchanges and • Clients in over 180 countries served by global 18,000 OTC products footprint of more than 4,300 staff • Global payment solutions in over 180 countries • Local presence provide “Boots on the Ground” and 140 currencies to
Slide 15: Multiple Near-Term and Long-Term Macro Drivers for Growth
Multiple Near-Term and Long-Term Macro Drivers for Growth Volatility Client Behavior • Business model generates financial value from market volatility, as higher • Despite difficult macro market conditions for clients, we continue to provide volatility drives increased activity and transaction volum
Slide 16: Opportunistic Industry Consolidator
Opportunistic Industry Consolidator Well-Positioned to Take Advantage of Further Consolidation Selected Acquisitions • StoneX maintains an advantageous position in a highly regulated industry where Successful Track Record of Acquisitive Growth and Platform Integration Across Consolidating Sectors cl
Slide 17: Recent Financial Results
StoneX’ 100 years Recent Financial Results
Slide 18: Fiscal Q3 2024 & TTM Highlights
Fiscal Q3 2024 & TTM Highlights Third Quarter* Highlights Operating Revenues Net Income • Versus the prior year quarter (“PY”): • Operating rev. up 18%, Net operating rev. (“NOR”) up 7% $913.7mm As Reported Adjusted • Total expenses up 12% $61.9mm $62.8mm • Fixed compensation up 22% (includes $4.5mm
Slide 19: Review of Key Performance Indicators (TTM)
Review of Key Performance Indicators (TTM) Compounding Capital Target: Annual shareholder return on equity of 15% TARGET MET 16.0% Flexible Cost Structure Target: >50% of total variable costs to total non-interest expense TARGET MET 51.8% Revenue per Employee Target: >$500k per annum TARGET MET $804
Slide 20: Key Financial Results
Key Financial Results (in millions, except share and per share amounts) Three Months Ended TTM September December March June September December March June June 30, 2022 31, 2022 31, 2023 30, 2023 30, 2023 31, 2023 31, 2024 30, 2024 30, 2024 Operating revenues $ 583.4 $ 654.8 $ 704.4 $ 776.9 $ 778.0
Slide 21: Balance Sheet Summary
Balance Sheet Summary USDmm 6/30/2023 6/30/2024 Cash and cash equivalents 1,401 1,221 Cash, securities and other assets segregated under federal and Conservatively capitalized with moderate debt other regulations 1 2,492 2,750 • 0.5x Debt/Equity as of 6/30/24 Securities purchased under agreements
Slide 22: Transaction Volumes and Other Select Data
Transaction Volumes and Other Select Data September December March June September December March June 30, 2022 31, 2022 31, 2023 30, 2023 30, 2023 31, 2023 31, 2024 30, 2024 Listed derivatives (contracts, 000’s) 40,813 40,199 41,588 39,044 39,461 50,759 53,805 52,736 Listed derivatives (average rate
Slide 23: Appendix
StoneX’ 100 years Appendix
Slide 24: Interest Rate Sensitivity
Interest Rate Sensitivity Interest/Fees Earned on Client Balances by Quarter Annualized Interest Rate Sensitivity $160 $90 $84.2 Potential + / - Incremental Change in Net Interest & 12b1 Fees Earned (USDmm) (2) $140 $75.7 $80 Annual Rate Change Post-tax Effect on Net Incremental Effect on $66.2 $70
Slide 25: Quarterly Reconciliation of Net Income to Adjusted Non-GAAP Amounts
SNEX: Quarterly Reconciliation of Net Income to Adjusted Non-GAAP Amounts and Calculation of Adjusted Return on Equity (in millions) Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Net income (non-GAAP) reconciliation: Net income, as reported (GAAP) $ 49.1 $ 52.3 $ 76.6 $ 41.
Slide 26: TTM Reconciliation of Net Income to Adjusted Non-GAAP Amounts
SNEX: TTM Reconciliation of Net Income to Adjusted Non- GAAP Amounts and Calculation of Adjusted Return on Equity Twelve Months Ended (in millions 6/30/2022 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 Net income (non-GAAP) reconciliation: Net income, as reported
Slide 27: Non-GAAP Adjustments Detail
SNEX: Non-GAAP Adjustments Detail These notes refer to the financial metrics and/or defined term presented on Slide 13, 18, and the Appendix. Adjusted Net Income adjusts for the after-tax effects of the below items for the respective financial year: Fiscal 2022: acquisition related expenses of $7.7m
Slide 28: Thank you
StonexX’ — 100 years — Thank you