Slide 1: Q3/2015 Results Analyst and Investor Conference Call
Q3/2015 Results Analyst and Investor Conference Call 29 October 2015
Slide 2: Highlights Q3/2015 Results Presentation
Q3/2015 Results 29 October 2015 Deutsche Börse Group 1 Highlights Q3/2015 Results Presentation Index derivatives and cash equities benefitted from higher volatility; power and gas products developed very favourably; index business at MD+S continued its positive performance Net revenue amounted t
Slide 3: Q1-3/2015 Results – Group Financials
Q3/2015 Results 29 October 2015 Deutsche Börse Group 2 Q1-3/2015 Results – Group Financials Net revenue EBIT adjusted1 EPS adjusted1 €m €m € +18% +20% 1,778 3.29 1,504 2.75 +18% 889 751 Q1-3/14 Q1-3/15 Q1-3/14 Q1-3/15 Q1-3/14 Q1-3/15 1) Adjusted for exceptional items
Slide 4: Q3/2015 Results – Group Financials
Q3/2015 Results 29 October 2015 Deutsche Börse Group 3 Q3/2015 Results – Group Financials In Q3/2015 Net revenue, EBIT and EPS development €m Net revenue EBIT adjusted1 EPS adjusted (€)1 Revenue +21% Net revenue: €594.4m (+20% y-o-y) +20% Net interest income: €13.9m (+49% y-o-y); 1.03 increase d
Slide 5: Q3/2015 Results – Eurex
Q3/2015 Results 29 October 2015 Deutsche Börse Group 4 Q3/2015 Results – Eurex Business activity Q3/2015 y-o-y Net revenue Financial derivatives (traded contracts in m) €m US Options 169.4 15% +36% Equity 67.2 19% 251 259 248 2 Fixed income 116.6 4% 21 25 Others 222 29 6 Repo 9 7 Index 234.0 38% 19
Slide 6: Q3/2015 Results – Xetra
Q3/2015 Results 29 October 2015 Deutsche Börse Group 5 Q3/2015 Results – Xetra Business activity Q3/2015 y-o-y Net revenue Order book volume in €bn1 €m +27% 49 48 422 +43% 45 43 7 8 Others2 38 7 9 9 294 9 9 CCP 8 8 7 33 31 Trading 27 30 23 Q3/14 Q3/15 Q3/14 Q4/14 Q1/15 Q2/15 Q3/15 1) Xetra, Börse Fr
Slide 7: Q3/2015 Results – Clearstream
Q3/2015 Results 29 October 2015 Deutsche Börse Group 6 Q3/2015 Results – Clearstream Business activity Q3/2015 y-o-y Net revenue €m +5% Assets under €13.2tr 8% 191 custody 188 184 175 180 32 30 29 Others2 Settlement 29 32 33.9m 14% 9 9 transactions 4 8 NII 10 17 17 17 GSF 17 16 GSF 38 34 €591.2bn -5
Slide 8: Q3/2015 Results – Market Data + Services
Q3/2015 Results 29 October 2015 Deutsche Börse Group 7 Q3/2015 Results – Market Data + Services Business activity Q3/2015 y-o-y Net revenue Information €m Derivatives / cash market data, indicators, news +12% Index 112 11 104 Calculation / distribution of indices through STOXX: 99 99 Market 93 7
Slide 9: “Accelerate” – Implementation Of Growth Strategy Well Advanced
Q3/2015 Results 29 October 2015 Deutsche Börse Group 8 “Accelerate” – Implementation Of Growth Strategy Well Advanced Objectives Progress 1 Better address client needs and unlock revenue Global coordination of sales activities as well as Culture / people / potential product development well unde
Slide 10: “Accelerate” – Acquisition Of FX Trading Platform 360T Completed
Q3/2015 Results 29 October 2015 Deutsche Börse Group 9 “Accelerate” – Acquisition Of FX Trading Platform 360T As Entry Point Into Highly Attractive Asset Class Completed 360T provides access to attractive FX market 360T financials and projections 360T is a leading global FX trading platform cateri
Slide 11: “Accelerate” – Mid-Term Guidance Comprises Additional Net Revenue Growth
Q3/2015 Results 29 October 2015 Deutsche Börse Group 10 “Accelerate” – Mid-Term Guidance Comprises Additional Net Revenue Growth And Commitment To Scalability Of Business Model New mid-term guidance until 2018 €m 2015E Growth until 2018 Growth until 2018 2018E in €m year-over-year1 indicative1 Net r
Slide 12: “Accelerate” – Our Principles To Manage Costs
Q3/2015 Results 29 October 2015 Deutsche Börse Group 11 “Accelerate” – Our Principles To Manage Costs 1 Ensure scalability of business model Cost base will be proactively managed in a way that … … mid-single digit net revenue growth will result in flat costs, and … … double-digit net revenue g
Slide 13: “Accelerate” – Structural Measures And Continuous Improvement On Track
Q3/2015 Results 29 October 2015 Deutsche Börse Group 12 “Accelerate” – Structural Measures And Continuous Improvement Process On Track To Achieve Targeted Cost Savings €m Structural personnel Structural non- Continuous Old efficiency Total targeted cost measures personnel measures improvement measur
Slide 14: “Accelerate” – 3% Underlying Cost Growth In 2015; 2016 Cost Growth 0% To 5%
Q3/2015 Results 29 October 2015 Deutsche Börse Group 13 “Accelerate” – 3% Underlying Cost Growth In 2015; 2016 Cost Growth 0% To 5%, Depending On Net Revenue Development Reconciliation operating cost development 2014 to 2016 €m Inflation (+20) 0% to 5% Efficiency (-20) 3% under- (depending on
Slide 15: Developments In 2015 Affect Financial Result And Group Tax Rate From 2016
Q3/2015 Results 29 October 2015 Deutsche Börse Group 14 Developments In 2015 Affect Financial Result And Group Tax Rate From 2016 Onwards Developments in 2015 Expectation for 2016 Financial result To finance the STOXX and 360T acquisitions two bonds were issued: Hybrid bond with a volume of €600 m
Slide 16: Appendix
Q3/2015 Results 29 October 2015 Deutsche Börse Group 15 Appendix
Slide 17: Income Statement – Group Level Adjusted
Q3/2015 Results 29 October 2015 Deutsche Börse Group 16 Income Statement – Group Level Adjusted Quarter ended Quarter ended 30 September 2015 30 September 2014 Sales revenue 684.3 570.6 Net interest income from banking business 13.9 9.3 Other operating income 5.4 5.9 Total revenue 703.6 585.8 Volume
Slide 18: Income Statement – Segmental Level
Q3/2015 Results 29 October 2015 Deutsche Börse Group 17 Income Statement – Segmental Level Eurex Xetra Clearstream Market Data + Services Q3/2015 Q3/2014 Q3/2015 Q3/2014 Q3/2015 Q3/2014 Q3/2015 Q3/2014 Sales revenue1 309.9 226.5 53.9 44.1 222.4 207.8 110.3 101.9 Net interest income from banking busi
Slide 19: Financial Calendar And Contact Details
Q3/2015 Results 29 October 2015 Deutsche Börse Group 18 Financial Calendar And Contact Details Financial calendar Contact details 17 Feb 2016 Preliminary results Q4 and FY 2015 Deutsche Börse AG 18 Feb 2016 Conference call Q4 and FY 2015 Investor Relations 27 Apr 2016 Interim report Q1/2016 Mergenth
Slide 20: Disclaimer
Q3/2015 Results 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. Such statements are subject to known an