Flatexdegiro Se · XETR:FTK
Flatexdegiro — Q1 2024 Earnings Presentation
16 slides from Flatexdegiro's earnings presentation, Apr 26, 2024
Slide 1: Q1 2024 - Interim Management Statement
56 flatexDEGIRO AG | 26 April 2024 Q1 2024 - Interim Management Statement
Slide 2: Disclaimer
flatexDEGIRO Disclaimer Q1 2024 - Interim Management Statement This release contains unaudited information that is subject to change and that is not intended to be complete. Non-IFRS measures (APMs) This presentation includes non-IFRS measures. These measures are alternative performance measures as
Slide 3: Q1 2024 highlights
flatexDEGIRO Interim Management Statement - Q1 2024 Q1 2024 highlights Revenues +25% yoy EBITDA +177% yoy Net Income +341% yoy Commission per trade +12% Opex down -19% Net income margin 24% Interest income +65% EBITDA margin 44% Quarterly EPS of 0.27 € Looking at upper end of Strong customer growth
Slide 4: Realignment of Management Board
flatexDEGIRO Interim Management Statement - Q1 2024 Realignment of Management Board Frank Niehage, CEO Dr. Benon Janos, CFO Stephan Simmang, CTO to step down effective 30 April 2024 and Co-CEO from 1 May 2024 on and Co-CEO from 1 May 2024 on
Slide 5: Improved ESG ratings
flatexDEGIRO Interim Management Statement - Q1 2024 Improved ESG ratings MSCI Morningstar/Sustainalytics 2-level-upgrade from BB to A in April 2024 ”Low” risk maintained with improved score
Slide 6: Commercial performance
flatexDEGIRO Interim Management Statement - Q1 2024 Commercial performance Gross customer additions (k) Assets under custody (bn EUR) Settled transactions (m) +8% +29% -1% +57% +12% +19% 121 58.0 16.3 16.1 112 51.7 13.8 47.8 47.0 13.2 13.5 45.1 74 77 77 Q1/2023 Q2/2023 Q3/2023 Q4/2023 Q1/2024 Mar 20
Slide 7: Comparable trading activity across the industry
flatexDEGIRO Interim Management Statement - Q1 2024 Comparable trading activity across the industry flatexDEGIRO Trades per customer account (annualized) Nordnet Avanza 23
Slide 8: Development of assets under custody
flatexDEGIRO Interim Management Statement - Q1 2024 Development of assets under custody in bn EUR 58.0 51.7 47.8 47.0 45.1 Securities: Securities: Securities: Securities: Securities: 41.7 44.2 43.7 48.1 54.4 Cash: 3.3 Cash: 3.5 Cash: 3.3 Cash: 3.6 Cash: 3.6 Mar 23 Jun 23 Sep 23 Dec 23 Mar 24 Roundin
Slide 9: Net cash inflows of EUR 1.8 bn, completely re-invested
flatexDEGIRO Interim Management Statement - Q1 2024 Net cash inflows of EUR 1.8 bn, completely re-invested Positive monthly net cash inflows continuing in bn EUR 3.8 2.0 Net cash inflows got completely re-invested 1.8 1.9 0.1 -0.0 Cash inflows Cash outflows Net cash Net investments Increase Decrease
Slide 10: Revenue split
flatexDEGIRO Interim Management Statement - Q1 2024 Revenue split Revenues (m EUR) Commission income (m EUR) Interest income (m EUR) +25% +10% +65% +23% +36% +13% 123 75 44 68 39 38 101 100 98 59 91 55 32 53 27 Q1/2023 Q2/2023 Q3/2023 Q4/2023 Q1/2024 Q1/2023 Q2/2023 Q3/2023 Q4/2023 Q1/2024 Q1/2023 Q
Slide 11: Commission per transaction up +12%
flatexDEGIRO Interim Management Statement - Q1 2024 Commission per transaction up +12% +13% € 4.64 € 4.26 € 4.26 € 4.16 € 4.11 € 3.98 € 4.03 € 3.99 € 3.90 Q1/2022 Q2/2022 Q3/2022 Q4/2022 Q1/2023 Q2/2023 Q3/2023 Q4/2023 Q1/2024
Slide 12: Growing Profitability
flatexDEGIRO Interim Management Statement - Q1 2024 Growing Profitability EBITDA (m EUR) Net income (m EUR) +177% +340% OpEx development Q1/24 (vs. Q1/23 +4% -3% Current personnel expenses up 31 54 30 EUR 3.4 m to EUR 24.9 m, driven 52 by 8 % salary increases in 2023 and new hires related to BaFin a
Slide 13: Annual General Meeting - June 2024
flatexDEGIRO Interim Management Statement - Q1 2024 Annual General Meeting - 4 June 2024 Agenda and related documents to be published on corporate website today Share buyback split in two separate agenda items to protect the rights of all shareholder Share buyback without the possibility of excludin
Slide 14: Pillar 3 report for 2023
flatexDEGIRO Interim Management Statement - Q1 2024 Pillar 3 report for 2023 Report published on corporate website on 25 April 2024. Risk weighted assets of EUR 908 m (down from EUR 1,310 m end of 2022 Significant reduction due to having solved CRMT topics following BaFin audit CET 1 ratio: 26.89 %
Slide 15: Q1 2024 - Interim Management Statement
56 flatexDEGIRO AG | 26 April 2024 Q1 2024 - Interim Management Statement
Slide 16: Contact
97 Contact Achim Schreck flatexDEGIRO AG Head of IR and Corporate Communications Mobile: +49 160 927 7 4570 Address: Omniturm, Große Gallusstraße 16-18 60312 Frankfurt/Main, Germany Phone: +49 69 4500 01 1700 Mail: achim.schreck@flatexdegiro.com Website: www.flatexdegiro.com flatexDEGIRO AG Q1 2024