AGM Presentation 2012_EN

510 views

Published on

Published in: Business, Economy & Finance
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
510
On SlideShare
0
From Embeds
0
Number of Embeds
1
Actions
Shares
0
Downloads
1
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

AGM Presentation 2012_EN

  1. 1. Annual General Meetingof Deutsche Börse AktiengesellschaftFrankfurt/Main16 May 2012
  2. 2. Deutsche Börse Aktiengesellschaft, Annual General Meeting, 16 May 2012 2011 – growth across all segments of the Group Deutsche Börse Group: Net revenue +5% / EBIT +13%€m Xetra Eurex Clearstream Market Data & Analytics Net +5% +8% +4% +5% revenue EBIT1) +18% +18% +8% +6% 940 220 267 693 874 668 2082) 255 567 146 150 481 345 372 137 128 2010 2011 2010 2011 2010 2011 2010 20111) Adjusted for ISE impairment (2010), costs for efficiency measures (2010, 2011) and merger related costs (2011) 12) Adjusted for deconsolidation effect related to the sale of the interest in Avox Ltd. in 2010
  3. 3. Deutsche Börse Aktiengesellschaft, Annual General Meeting, 16 May 2012 Excellent financial performance in 2011 Net revenue (€m) Total costs (€m)1) Net income (€m)1) 2) +5% 2,121 2,016 Proposed shareholder distribution  Regular dividend of €2.30 per share  Special dividend of -5% +15% €1.00 per share 936 890 833 722 2010 2011 2010 2011 2010 20111) Adjusted for ISE impairment (2010), costs for efficiency measures (2010, 2011), merger related costs (2011) 22) Adjusted for the gain from the revaluation of the share component of the transaction with SIX Group to fully acquire Eurex (2011)
  4. 4. Deutsche Börse Aktiengesellschaft, Annual General Meeting, 16 May 2012 Successful execution of growth strategy over the last years Dimensions Key developments over the last years  Extended derivatives trading and clearing business Products/  Extended product range at Clearstream 1 services  Cash market comprises more than 900,000 instruments Key financial metrics1) Net revenue: +31%  Highest sales contribution from Asia of any western exchange 2 Distribution  STOXX® index family as equity benchmark for Europe’s economy Operating costs: -2%  Introduced new partnership formats (e.g. KOSPI products) Net income: +95% Share price: +81%  Best-in-class reliability and performance metrics in IT 3 Technology  Next generation derivatives trading system at ISE launched (OptimiseTM)  IT outsourcing solutions contribute 4 percent of Group sales1) Financials 2011 vs. 2005; share price 31 December 2011 vs. 1 January 2005 3
  5. 5. Deutsche Börse Aktiengesellschaft, Annual General Meeting, 16 May 2012 2011 – track record for effective cost management continued Development of operating costs base (€m)1)  Deutsche Börse has a track record for effective Operating costs cost management: -13% 1,025 995  2007-2010: Efficiency program with run 981 936 rate cost savings of €100 million 890  2009: €70 million reduction of discretionary fixed costs  2010-2012: €150 million run rate cost savings through process optimisation and streamlining of management structure 2007 2008 2009 2010 20111) Adjusted for ISE impairment (2010), costs for efficiency measures (2007-2011) and merger related costs (2011) 4
  6. 6. Deutsche Börse Aktiengesellschaft, Annual General Meeting, 16 May 2012 Top position in the global exchange sector maintained in 2011 Sales revenue 2011 (€bn) Market capitalisation (€bn)1)CME 2.4 CME 13,4Deutsche Börse2) 2.3 Hong Kong 12,3NYSE Euronext 1.9 Deutsche Börse 8,7Nasdaq OMX 1.2 BM&FBovespa 8,0ICE 1.0 ICE 6,9LSE3) 0.8 NYSE Euronext 5,0BM&FBovespa 0.8 SGX 4,2Hong Kong 0.7 ASX 4,1ASX3) 0.5 LSE 3,4SGX3) 0.4 Nasdaq OMX 3,1BME 0.3 BME 1,41) As per 14 May 2012 52) Sales revenue and net interest income from banking business3) Analyst estimates
  7. 7. Deutsche Börse Aktiengesellschaft, Hauptversammlung, 16. Mai 2012Capital management – strong cash flow generation allows for strongrating profile and attractive distribution policyTotal shareholder distributions (€m) 783 725 Up Share buybacks to in H2/2012 200 380 503 Special dividend: 395 ~190 €1.00 per share Share buybacks 390 390 112 Regular dividend: 403 ~430 €2.30 per share 391 Dividend 330 2007 2008 2009 2010 2011 2012E 6
  8. 8. Deutsche Börse Aktiengesellschaft, Annual General Meeting, 16 May 2012Existing growth strategy to be accelerated 1 Extend products and services to unregulated/unsecured markets  Expand Eurex clearing/risk management  Global roll out of collateral and liquidity management Acceleration of 2 Expand technological leadership  Foster product, process and system innovation growth strategy  Combine market data and IT 3 Increase reach in new customer groups and growth regions  Expand customer reach  Partnerships and M&A Effective cost management Commitment to capital management  Cost discipline remains key priority  Maintain strong credit rating profile  Further efficiency gains targeted  Attractive capital management policy 7

×