Bursa De Valori Bucuresti · BVB:BVB
Bursa De Valori Bucuresti — Bucharest Stock Exchange (BVB) — H1 2024 Earnings Presentation
14 slides from Bursa De Valori Bucuresti's earnings presentation, 2024
Slide 1: BVB H124 Half Year Results
BUCHAREST STOCK EXCHANGE BVB H124 Half year Results Own the future. Invest in it.
Slide 2: Bucharest Stock Exchange (BVB) Stock
Bucharest Stock Exchange (BVB) Stock BUCHAREST STOCK ISIN ROBVBAACNORO Refinitiv ROBVB.BX Bloomberg BVB.RO Share price (June 31, 2024) EUR 12.9/ RON 64 Market Cap (June 31, 2024) EUR 104 mn/ RON 511 mn No. of outstanding shares 8,049,246 ADT 127™ RON 0.28 mn P/E (price as of June 2024, 12TM EPS) 17.
Slide 3: Highlights – Q2 Financials
Highlights – Q2 Financials Consolidated Q2 24 vs Q2 23 (RON mn) Standalone Q2 24 vs Q2 23 (RON mn) +67% +94% Very strong quarter driven by 185% increase in equity trading 21.5 12.9 11.3 5.9 turnover. Operating revenues Operating revenues +5022% Post-trading revenues follow the trend with a 48% rise
Slide 4: 15.52 6.09 4.89 3.77 3.48 5.79 2.68 2.67 5.67 5.16 4.35 2.02 2.87 3.42
15.52 6.09 4.89 3.77 3.48 5.79 2.68 2.67 5.67 5.16 4.35 2.02 2.87 3.42 2.78 2.60 1.24 2.11 0.69 0.12 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 5.58 350 4.08 4.24 11.73 3.84 258 3.80 180 189 183 6.89 165 2.29 152 2.17 124 1.80 5.40 1.73 1.68 4
Slide 5: Key updates
BUCHAREST Key updates 3$ BUCHA EXCHANGE * Positive primary markets developments = Premier energy IPO raises EUR 140 mil = FORT and Glissando Garden Center list on AeRO market * The Ministry of European Investments provides nonrefundable financing for up to 300,000 EUR for companies looking to raise
Slide 6: Operating margin
20.48 13.00 58% 38.77 25.71 51% (14.28) (11.24) 27% (31.76) (25.55) 24% 6.20 1.76 252% 7.01 0.16 4.314% Operating margin 30% 14% 18% 1% 3.82 2.23 71% 2.99 3.56 -16% 10.02 4.00 151% 10.00 3.72 168% 8.95 3.72 140% 8.44 3.35 152% 44% 29% 22% 13% 1.1120 0.4624 140% 1.0192 0.4056 151% 7% 3% 5% 2%
Slide 7: BVB standalone Main financial indicators, YTD evolution (RON mn)
BVB standalone BVB standalone Main financial indicators, YTD evolution Main financial indicators, quarterly evolution 11.33 (RON mn) (RON mn) 20.48 14.28 7.19 6.80 12.99 11.24 5.86 5.77 8.95 4.15 6.20 3.72 2.19 1.76 0.08 H1 2024 H1 2023 Q2 2024 Q2 2023 Operating revenues Operating expenses Operating
Slide 8: BVB Group Main financial indicators, YTD evolution (RON mn)
BVB Group Main financial indicators, YTD evolution Main financial indicators, quarterly evolution (RON mn) (RON mn) 21.51 38.77 16.75 31.76 12.85 13.66 25.71 25.55 8.44 7.01 (0.81) 1.59 7.01 8.44 3.35 0.16 Q2 2024 Q2 2023 H1 2024 H1 2023 Operating revenues Operating expenses Operating profit Net pro
Slide 9: Distribution of operating revenues and operating profit, by segment, H1 2024
Distribution of operating revenues and operating profit, by segment, H1 2024 (RON mn) • 25.00 20.32 20.00 • 15.00 12.38 10.00 • 6.04 6.07 4.67 5.00 0.80 0.00 Trading Post-trading Registry Operating revenues Operating profit Operating revenues BVB Group, H1 2024 Trading segment revenues in H1 2024 (%
Slide 10: Operating expenses breakdown H1 2024 vs H1 2023
Audit services, 11% 5.19 3.99 1.85 1.31 Commissions & Other third party fees, 14% 7.24 5.93 services, 34% H1 2024 H1 2023 Promotion Personnel costs & Directors' fees Third party services activities, 17% Other operating expenses BD services, 24% Other expenses, 14% Rent and office utilities 9% IT mai
Slide 11: Operating expenses breakdown H1 2024
Consultancy services expenses 5% Audit services 13% 11.00 8.13 4.32 3.19 Commissions & fees 10% 16.44 Other third party 14.24 services 55% Promotion activities H1 2024 H1 2023 7% Personnel costs & Directors' fees Third party services BD services Other operating expenses 10% Rent and office Other exp
Slide 12: Overview of the financial position as of June 30, 2024
STOCK EXCHANGE Overview of the financial position as of June 30, 2024 3$ BUCHAREST Financial position, BVB standalone and BVB Group BVB Standalone (RON mn, unless otherwise stated) Total assets increase 7% vs Dec 23 exceeding 155 mn, mainly driven by non- current assets higher by RON 7.8 mn, followi
Slide 13: 5 years evolution BVB share
5 years evolution BVB share 3.50 70.00 0.25 3.00 8% 60.00 2.50 0.20 6% 4.3% 50.00 2.00 3.3% 3.5% 0.15 1.50 2.7% 4% 40.00 2.4% 1.00 30.00 0.10 1.29 1.56 2% 0.50 0.81 1.07 0.96 20.00 0.00 0% 0.05 10.00 2019 2020 2021 2022 2023 - - Dividend/share [RON] Dividend yield [%] 2020 2021 2022 2023 2024 Averag
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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