Bursa De Valori Bucuresti · BVB:BVB
Bursa De Valori Bucuresti — Bucharest Stock Exchange (BVB) — Q1 2022 Earnings Presentation
14 slides from Bursa De Valori Bucuresti's earnings presentation, 2022
Slide 1: Quarterly Results: Own the future. Invest in it.
BUCHAREST STOCK EXCHANGE BVB 1922 Quarterly Results Own the future. Invest in it.
Slide 2: Bucharest Stock Exchange (BVB) Stock
Bucharest Stock Exchange (BVB) Stock ISIN ROBVBAACNORO Refinitiv ROBVB.BX Bloomberg BVB.RO Share price (Mar 31, 2022) EUR 5.6 / RON 27.8 Market Cap (Mar 31, 2022) EUR 45 mn/ RON 223 mn No. of outstanding shares 8,049,246 ADT 12T™ RON 0.15 mn P/E (price as of Mar 2022, 12TM EPS) 26x P/BV (price as of
Slide 3: Highlights – Q1 Financials
Highlights – Q1 Financials Consolidated Q1 22 vs Q1 21 (RON mn) Standalone Q1 22 vs Q1 21 (RON mn) Group level revenues at 34% of FY21, Net profit 14% above FY 21 +58% +70% 15.6 9.9 9.8 5.8 95% increase in trading revenues inline with the rise in equity Operating revenues Operating revenues trading
Slide 4: 9.45 3.69 3.14 2.11 2.07 4.35 3.67 3.96 1.48 3.49 1.33 2.89 2.92 2.73
9.45 3.69 3.14 2.11 2.07 4.35 3.67 3.96 1.48 3.49 1.33 2.89 2.92 2.73 2.50 0.30 0.03 0.03 1Q 20 2Q 20 3Q 20 4Q 20 1Q 21 2Q 21 3Q 21 4Q 21 1Q 22 1Q 20 2Q 20 3Q 20 4Q 20 1Q 21 2Q 21 3Q 21 4Q 21 1Q 22 596 388 556 503 7.91 483 456 248 5.74 6.00 198 3.26 187 194 2.73 2.68 2.66 149 104 116 68 50 0.79 31 1
Slide 5: Updates
Updates Primary markets TAN 7 new equity listings (EUR 21.3mn) and 4 bond issuances on AeRO market. War / macro impact () BET index down 6.4% YTD while BET-TR is down 4.44%. Very low direct exposure of Romanian issuers to Russia & Ukraine. Market well supported by retail & pension funds dip buying.
Slide 6: 9.86 5.79 70% 15.60 9.88 58% (4.97) (3.82) 30% (9.92) (9.07) 9% 4.89 1.96
9.86 5.79 70% 15.60 9.88 58% (4.97) (3.82) 30% (9.92) (9.07) 9% 4.89 1.96 149% 5.68 0.81 601% 50% 34% 36% 8% 0.29 0.63 -54% 0.73 1.62 -55% 5.18 2.59 100% 6.41 2.44 163% 4.39 2.16 103% 5.44 2.03 168% 45% 37% 35% 21% 0.5456 0.2686 103% 0.6444 0.2666 142% 4% 2% 4% 1%
Slide 7: Main financial indicators, 1Q 22 vs. 1Q 21 (RON mn)
Main financial indicators, 1Q 22 vs. 1Q 21 (RON mn) 9.86 5.79 4.97 4.89 4.39 3.82 1.96 2.16 1Q 2022 1Q 2021 Operating revenues Operating expenses Operating profit Net profit
Slide 8: BVB Group Main financial indicators, 1Q 22 vs 1Q 21 (RON mn)
BVB Group Main financial indicators, 1Q 22 vs 1Q 21 (RON mn) 15.60 9.92 9.88 9.07 5.68 5.44 2.03 0.81 1Q 2022 1Q 2021 Operating revenues Operating expenses Operating profit Net profit 8
Slide 9: Breakdown of operating revenues of BVB Group in 1Q 22
• 12.00 • 9.78 10.00 8.00 5.71 6.00 4.09 4.00 2.94 1.24 1.74 • 2.00 - Trading segment Post-trading segment Registry segment 1Q2022 1Q2021 Breakdown of operating revenues of BVB Group Breakdown of the Group trading segment revenues in 1Q 22 in 1Q 22 (%) Registry, 11% Other, 4% Data vending, 12% Post-
Slide 10: Operating expenses breakdown
Consultancy services expenses… Audit services 8% 1.58 1.16 0.69 0.53 Other third party Commissions & services… fees 2.13 2.71 12% 1Q 2021 1Q 2022 Promotion Business activities Personnel costs & Directors' fees developm 12% Third party services ent… Other operating expenses Rent and office utilities
Slide 11: Group operating expenses breakdown
Consultancy services expenses… Audit services 8% Other third party Commissions & 2.66 3.22 services… fees 1.68 1.22 12% 4.73 5.49 Promotion 1Q 2021 1Q 2022 Business activities Personnel costs & Directors' fees Third party services development 12% Other operating expenses services… Other expenses, Re
Slide 12: Overview of the financial position
STOCK EXCHANGE Overview of the financial position — quarterly results 35 BUCHAREST Financial position, BVB standalone and BVB Group (RON mn, unless otherwise stated) BVB standalone GROUP BVB Standalone * Total assets — up by 4% vs Dec 21, due to the increase in financial instruments Mar 2022 Dec 202
Slide 13: Attractive dividend yield
Attractive dividend yield 3.50 9% 3.00 8% 5.9% 7% 2.50 5.1% 6% 2.00 4.3% 5% 1.50 3.3% 3.3% 4% 2.7% 3% 1.00 1.68 2% 0.50 0.92 1.13 1.07 0.96 0.81 1% 0.00 0% 2016 2017 2018 2019 2020 2021 Dividend/share [RON] Dividend yield [%] • • 13
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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