Slide 1: Flow Traders Q2 2022 & H1 2022 Results
FLOW ®W®TRAODERS AMSTERDAM = CLU) ® HONG KONG = LONDON = MILAN = NEWYORK ® PARIS = SINGAPORE
Slide 2: Disclaimer
Disclaimer This presentation is prepared by Flow Traders N.V. and is for information purposes only and the material contained in this document is provided ‘as is’. tis not a recommendation to engage in investment activities and you must not rely on the content of this document when making any invest
Slide 3: Q222 & HY22 snapshot
Q222 & HY22 snapshot More normalized market and trading environment in Q2 ETP Value Traded (€bn) Total Income (€m) Highlights. I Flow Traders Mint = Market ETP Value Traded decreased by 9% quarter-on-quarter and increased by 66% 236.9 2345 HB Market 28,760 Hl Other income 2. H122 vs H121 = Flow Trad
Slide 4: Reduced levels of market activity in Q222
Reduced levels of market activity in Q222 ETP Value Traded (€bn) * VIX 15,085 Quarterly average H122 daily average GENERAL MARKET DEVELOPMENTS 40 40 = Flows dominated by equities and fixed income 35 35 = Central Bank interventions still evident 2 om = Elevated levels of implied volatility (VIX) in Q
Slide 5: Fixed income and crypto market dynamics
Fixed income and crypto market dynamics TRACE volumes ($bn) Q120 Q220 Q320 Q420 Qi21 Q221 Bitcoin price ($) and volume ($m) Q321 HM US High Grade I Us High Yield Q421 2,353 2,325 Qi22 Q222 200,000 150,000 100,000 50,000 Source: Bloomberg TradeWeb, CoinMarketCap, Flow Tadersanaljis BOND MARKET DEVELO
Slide 6: Q222 & HY22 regional performance overview
Q222 & HY22 regional performance overview Market ETP Value Traded (€bn) Flow ETP Value Traded (€bn) NTI (€m) Highlights a 567 [ t 193 50 Qi22 Q222 H121 14,533 H122 Qi22 Q222 H121 H122 Q122 Q222 H121 H122 Qi22 Q222 H121 H122 Qi22 2 9 Q222 26 Q122 Q222 H121 H122 am: 3 a: Qi22,-Q222 "Note: APAC market
Slide 7: Fixed operating expenses and strategic growth investment
drive strategic growth — healt Fixed operating expenses (€m)* Normalized EBITDA margin (%) FTEs Hl Employee expenses (fixed) Hl Technology expenses I other expenses 624 61 554 513 202 179 221 ane) 154. 173 Qi22 Q222 31-Dec-19 31-Dec-20 31-Dec-21 31-Mar-22 = 30-Jun-22 Main drivers of Y-o-Y and Q-o-Q
Slide 8: Variable remuneration adjustment
Variable remuneration adjustment Base compensation review in H1- adjustment of variable remuneration pool to reflect shift in total compensation mix to ensure neutral impact H121 vs H122 employee expenses (€m) = Profit sharing percentage has been adjusted to 32.5% of operating result from 35% previo
Slide 9: Capital update
Capital update Regulatory Own Funds Requirement (OFR) (€m) Trading capital 540 515 472, 483 456 438 41g 449 — a PETA 255 220 190 178 240 365 i. 201 fi 218 fi 226 a 27) fl >>! os 31-Dec-19 30-Jun-20 31-Dec-20 31-Mar-21 30-Jun-21 30-Sep-21 31-Dec-21 31-Mar-22 30-Jun-22 HM Excess Capital IJ Required Ow
Slide 10: Strategic progress
22 progress Significant strategic achievements in 2022 to date with clear focus areas for the remainder of the year A? H122 achievements a H222 focus Deepen product Grew counterparty base even = Focus in the US on index products coverage and further to 2,000+ with international underlying Equity 6 g
Slide 11: Q&A
Q&A Flow Traders | Q222 & H122 Results n
Slide 12: Thank you!
Thank you! F L 0] W T R A D) E R S AMSTERDAM ® CLUJ ®" HONG KONG ® LONDON ® MILAN ® NEW YORK ® PARIS ® SINGAPORE
Slide 13: Flow Traders! Q222 & H122 Results 13
Flow Traders! Q222 & H122 Results 13
Slide 14: Unrecognized variable expenses schedule
Unrecognized variable expenses schedul Share plan has a different accounting treatment to the previous FCIP which creates an unrecognised variable expenses schedule 1023 charge 2024 charge 2025 charge ff balance liability 2024 -25% 10%, Fop207 2024 FCP 2018, 10 - - - Fup 2019 cs os - - 202U vanable
Slide 15: Normalized income statement (unaudited)
rmalized income statement (unaudited) €million Q222 Qi22 ~~ Change ~—-HI22 A121 Change Normalized total income 86.2 148.3 (42%) 234.5 236.9 (1%) Normalized net trading income 837 148.4 (44%) 232.1 236.6 (2%) EMEA 50.4 1085 64%) 158.8 1433 71% Americas 18.6 216 (14%) 40.2 563 (23%) APAC 147 183 (20%)
Slide 16: IFRS income statement (unaudited)
IFRS income statement (unaudited) million 222 Q122 Change. HI22. HII Change Totalincome 835 480 (44%) 2314 2366 (2%) Net trading income 84.0 1487 (44%) 2327 236.6 (2%) EMEA 50.1 108.2 (54%) 1583 143.3 10% Americas 191 223 (14%) 414 56.3 (26%) APAC 147 18.3 (20%) 33.0 37.0 (11%) Other income (0.5) (0
Slide 17: On & Off Exchange Value Traded - Global
Jun May Apr Mar Feb Jan Dec Nov Oct Sep Aug Jul Jun On & Off Exchange* Value Traded - Global (€bn) 4,253 5,119 4,303 5,377 4,477 5,230 4,261 3,384 3,021 3,226 2,678 2,949 2,669 On & Off Exchange* Value Traded - EMEA (€bn) 187 198 182 289 245 233 184 188 160 156 128 159 161 On & Off Exchange Value Tr