BGC Partners reported financial results for Q1 2014 with the following highlights:
- Revenues were $445.9 million, down 0.9% year-over-year excluding revenues from eSpeed platform sale.
- Pre-tax distributable earnings were $56.2 million, up 24.7% year-over-year.
- Financial Services revenues were $287.1 million, down 4.4% excluding eSpeed, with pre-tax margins of 20.6%. Real Estate revenues were $149.8 million with pre-tax margins of 10.1%.
- Industry volumes and volatility remained low compared to historical levels, challenging Financial Services business.
The document is BGC Partners' 4Q 2013 earnings presentation. It provides an overview of BGC Partners' 4Q 2013 financial results compared to 4Q 2012, including a 41.9% increase in post-tax distributable earnings per share. It also discusses segment results, with Financial Services revenues down slightly and Real Estate Services revenues up significantly. Additionally, it reviews BGC's business lines, product diversity, front office metrics, and provides context around current market conditions.
The document is BGC Partners' 4Q 2013 earnings presentation. It provides an overview of BGC Partners' 4Q 2013 financial results compared to 4Q 2012, including a 41.9% increase in post-tax distributable earnings per share. It also discusses segment results, with Financial Services revenues down slightly and Real Estate Services revenues up significantly. Additionally, it reviews drivers and trends across various financial products and asset classes.
BGC Partners released earnings results for the fourth quarter of 2013. Some key highlights include:
- Revenues for the quarter were $432.9 million, down slightly from $436.3 million in the same period in 2012.
- Pre-tax distributable earnings were $46 million, up 31% from $35.1 million in Q4 2012.
- The Board of Directors declared a quarterly cash dividend of $0.12 per share.
$125
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$75
$25.9
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$0
$25.3
FY 2012
FY 2013
Q4 2012
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The document provides an overview of BGC Partners, Inc., including its two business segments: Financial Services and Real Estate Services. It discusses BGC's solid business foundation, diversified revenues, growth opportunities through synergies from the GFI acquisition, and history of successful acquisitions. Key metrics highlighted include a 26.5% year-over-year increase in Q1 2015 revenues and a 33.7% increase in pre-tax distributable earnings. An outlook for Q2 2015 forecasts a 51-58% increase in revenues and a 32-51% increase in pre-tax distributable earnings.
BGC Partners reported strong financial results for Q4 2015 and FY 2015. Revenues for Q4 2015 were up 34% to $692 million and up 43% for FY 2015 to $2.64 billion. Pre-tax distributable earnings were up 26% for Q4 2015 and 34% for FY 2015. BGC maintained a highly diverse revenue base across its financial services and real estate segments. The company has a strong liquidity position of over $1 billion and low leverage of 0.96x, maintaining an investment grade credit profile.
BGC Partners reported financial results for the first quarter of 2015 with revenues increasing 26.5% year-over-year to $563.9 million. Pre-tax distributable earnings were up 33.7% to $75.2 million compared to the prior year. The financial services segment saw revenues increase 24% to $355.7 million driven by the consolidation of GFI Group and increased activity in foreign exchange, equities, energy and commodities. Real estate services revenues were also up 34% to $200.4 million, led by increases in capital markets and leasing. BGC expects to realize annual cost synergies of $50-$90 million from the integration of GFI Group.
Q22015 earnings presentation v final (working version)irbgcpartners
BGC Partners reported financial results for Q2 2015 with revenues up 59% year-over-year and distributable earnings per share up 38.5% year-over-year. Financial services revenues increased over 60% due to the consolidation of GFI Group, while real estate services revenues grew 61%. Market volatility increased across most asset classes, contributing to higher trading activity. BGC maintained a diverse revenue base across geographic regions, products, and services.
This document provides an earnings presentation for BGC Partners for Q2 2015. It includes a disclaimer regarding forward-looking statements. There are then sections summarizing key financial results for Q2 2015 compared to Q2 2014, including a 59.1% increase in revenues and a 48.6% increase in post-tax distributable earnings. Subsequent sections provide breakdowns of revenue and headcount by business segment and geographic region, as well as details on revenue composition and industry volumes.
The document is BGC Partners' 4Q 2013 earnings presentation. It provides an overview of BGC Partners' 4Q 2013 financial results compared to 4Q 2012, including a 41.9% increase in post-tax distributable earnings per share. It also discusses segment results, with Financial Services revenues down slightly and Real Estate Services revenues up significantly. Additionally, it reviews BGC's business lines, product diversity, front office metrics, and provides context around current market conditions.
The document is BGC Partners' 4Q 2013 earnings presentation. It provides an overview of BGC Partners' 4Q 2013 financial results compared to 4Q 2012, including a 41.9% increase in post-tax distributable earnings per share. It also discusses segment results, with Financial Services revenues down slightly and Real Estate Services revenues up significantly. Additionally, it reviews drivers and trends across various financial products and asset classes.
BGC Partners released earnings results for the fourth quarter of 2013. Some key highlights include:
- Revenues for the quarter were $432.9 million, down slightly from $436.3 million in the same period in 2012.
- Pre-tax distributable earnings were $46 million, up 31% from $35.1 million in Q4 2012.
- The Board of Directors declared a quarterly cash dividend of $0.12 per share.
$125
$100
$75
$25.9
$50
$25
$0
$25.3
FY 2012
FY 2013
Q4 2012
Q4
The document provides an overview of BGC Partners, Inc., including its two business segments: Financial Services and Real Estate Services. It discusses BGC's solid business foundation, diversified revenues, growth opportunities through synergies from the GFI acquisition, and history of successful acquisitions. Key metrics highlighted include a 26.5% year-over-year increase in Q1 2015 revenues and a 33.7% increase in pre-tax distributable earnings. An outlook for Q2 2015 forecasts a 51-58% increase in revenues and a 32-51% increase in pre-tax distributable earnings.
BGC Partners reported strong financial results for Q4 2015 and FY 2015. Revenues for Q4 2015 were up 34% to $692 million and up 43% for FY 2015 to $2.64 billion. Pre-tax distributable earnings were up 26% for Q4 2015 and 34% for FY 2015. BGC maintained a highly diverse revenue base across its financial services and real estate segments. The company has a strong liquidity position of over $1 billion and low leverage of 0.96x, maintaining an investment grade credit profile.
BGC Partners reported financial results for the first quarter of 2015 with revenues increasing 26.5% year-over-year to $563.9 million. Pre-tax distributable earnings were up 33.7% to $75.2 million compared to the prior year. The financial services segment saw revenues increase 24% to $355.7 million driven by the consolidation of GFI Group and increased activity in foreign exchange, equities, energy and commodities. Real estate services revenues were also up 34% to $200.4 million, led by increases in capital markets and leasing. BGC expects to realize annual cost synergies of $50-$90 million from the integration of GFI Group.
Q22015 earnings presentation v final (working version)irbgcpartners
BGC Partners reported financial results for Q2 2015 with revenues up 59% year-over-year and distributable earnings per share up 38.5% year-over-year. Financial services revenues increased over 60% due to the consolidation of GFI Group, while real estate services revenues grew 61%. Market volatility increased across most asset classes, contributing to higher trading activity. BGC maintained a diverse revenue base across geographic regions, products, and services.
This document provides an earnings presentation for BGC Partners for Q2 2015. It includes a disclaimer regarding forward-looking statements. There are then sections summarizing key financial results for Q2 2015 compared to Q2 2014, including a 59.1% increase in revenues and a 48.6% increase in post-tax distributable earnings. Subsequent sections provide breakdowns of revenue and headcount by business segment and geographic region, as well as details on revenue composition and industry volumes.
March 2017 general investor presentation v finalirbgcpartners
BGC Financial Services reported strong results for 4Q 2016. Pre-tax distributable earnings were up over 25% and the pre-tax distributable earnings margin expanded by around 600 basis points. Rates revenues increased over 7% and fully electronic credit revenues grew 13%. The integration of the GFI acquisition was completed successfully, achieving annualized synergies above $125 million. Distributable earnings and margins improved due to the GFI integration and reduced expenses. Trayport, which was sold in 4Q 2015, generated $15.8 million in revenues in 4Q 2015 compared to none in the current quarter. BGC has a track record of successful, accretive acquisitions in Financial Services.
This document summarizes Cisco's Q2 Fiscal Year 2016 conference call. The call discussed Cisco's financial performance for Q2 2016, noting 2% revenue growth and 8% growth in non-GAAP earnings per share. Cisco also provided guidance for the next quarter and discussed key business trends, including momentum in networking, security, cloud-based solutions, and acquisitions. The call included a question and answer session with analysts.
This document provides an overview of Belden, a global signal transmission solutions company. It discusses Belden's five business platforms that deliver innovative connectivity solutions for broadcast, enterprise, industrial, and network security applications. It highlights Belden's financial performance over time, including improvements in EBITDA margin, return on invested capital, and free cash flow. The document also outlines Belden's strategy for capital deployment, including investing in innovation, acquisitions, and share repurchases. Finally, it provides guidance for Q2 and full year 2016 revenues and earnings per share.
May 4th 2016 investor relations presentationXOGroup
This document provides an overview of XO Group Inc., including its strategic transformation, leadership team, financial performance, and outlook. Key points include: XO Group is transforming its business under new leadership to focus on its #1 online wedding brand and growing baby brand, with the goal of achieving double digit revenue growth and 20% adjusted EBITDA margins. In Q1 2016, revenue grew 9% year-over-year and transactions revenue increased 83%, driven by strong registry and commerce results.
This document provides an earnings presentation for BGC Partners for Q3 2014. Some key highlights include:
- Revenues for Q3 2014 were $449.8 million, up 8.5% from Q3 2013. Pre-tax distributable earnings were $65.8 million, up 75.8% from Q3 2013.
- Financial services revenues were $261.2 million, with pre-tax earnings of $55 million. Real estate revenues were $179.1 million, with pre-tax earnings of $23.9 million.
- BGC also announced a tender offer to acquire GFI Group for $5.25 per share in cash, representing a premium to GFI's previous
Genworth MI Canada Inc. reported its financial results for the first quarter of 2014. Net operating income increased 7% year-over-year to $91 million. The loss ratio was 20% and the expense ratio was 19%, leading to a combined ratio of 39%. The minimum capital test ratio remained strong at 229%. Genworth also announced a 15% average premium rate increase effective May 1, 2014 and successfully extended its debt maturity profile.
June 2016 general investor presentationirbgcpartners
This presentation provides an overview of BGC Partners, a global brokerage company with two business segments: Financial Services and Real Estate Services. It discusses BGC's diversified revenue streams, growth opportunities through acquisitions and hiring, and expectations around cost savings and future dividend payments. Key metrics on revenue, earnings, and staffing are presented for the first quarter of 2016 and full year 2015 to illustrate the company's financial performance and stability.
BGC Partners reported financial results for the fourth quarter and full year of 2016. For the quarter, revenues were $673.2 million, down slightly from the previous year, while pre-tax distributable earnings increased 27.7% to $129.1 million. For the full year, revenues increased 1.2% to $2.6 billion and pre-tax distributable earnings rose 18.1% to $425.4 million. The financial services segment saw a 5% revenue decline for the quarter and a 2% decline for the year, while real estate services revenue increased 7% for the quarter and 6% for the year, driven by strong capital markets growth.
BGC Partners presented at an investor conference in June 2013. The presentation discussed BGC's forward-looking statements and provided an overview of the company's business segments and financial performance. It noted that BGC has two business segments - Financial Services and Real Estate Services - and that it aims to grow through hiring, acquisitions, and expanding its fully electronic trading platform. The presentation also provided details on BGC's recent sale of its eSpeed business to NASDAQ OMX and outlined its plans for using the sale proceeds.
Cisco held a Q3 Fiscal Year 2015 conference call to discuss financial results and business trends. Key highlights included:
- Revenues increased 5% year-over-year to $12.1 billion, and non-GAAP EPS grew 6% to $0.54.
- Switching revenue grew 6% driven by strong demand for the Application Centric Infrastructure portfolio. Data center revenue increased 21%.
- Geographically, Americas and EMEA product orders increased 2% each while APJC returned to 1% growth. Enterprise orders grew 7% and public sector orders grew 7%.
- For Q3, Cisco generated $3 billion in operating cash flow and returned $2.1
BGC Partners reported financial results for the second quarter of 2016. Revenues declined slightly year-over-year but pre-tax and post-tax distributable earnings increased due to improved margins. The financial services segment saw higher pre-tax profits and margins despite the sale of the Trayport business, driven by growth in fully electronic trading. BGC completed its acquisition of Sunrise Brokers Group and CRE Group to expand its offerings.
BGC Partners held an Investor & Analyst Day on May 29, 2014 to provide an overview and updates on the company. The presentation included:
- BGC has two business segments: Financial Services and Real Estate Services (Newmark Grubb Knight Frank)
- Financial Services revenues account for 62% of total revenues while Real Estate Services accounts for 36%
- BGC has a long track record of revenue growth and acquiring companies to expand its services
- Continuity of experienced executive and business management teams
This document provides an investor presentation by BGC Partners, Inc. for June 2013. It discusses forward-looking statements and risks, financial metrics such as distributable earnings and adjusted EBITDA, an overview of BGC's two business segments of financial services and real estate services, and details on the eSpeed transaction where BGC will sell its U.S. Treasury trading platform to NASDAQ OMX. It also provides segment revenue breakdowns, growth opportunities in electronic trading, and the diversification of BGC's financial services business.
- Nielsen reported its 4th quarter and full year 2015 results on February 11, 2016.
- For the full year 2015, Nielsen saw revenue growth of 5.0% in constant currency and adjusted EBITDA growth of 7.2% in constant currency. Adjusted net income per share grew 12.4% in constant currency.
- Nielsen is executing on its strategic initiatives in Watch and Buy and reiterated its 2016 guidance for 4-6% constant currency revenue growth and 50-70 basis points of adjusted EBITDA margin expansion.
This document is an investor presentation for Anixter Inc. that provides an overview of the company, its business model, financial performance, and operating results. Some key points:
- Anixter is a global distributor of network & security solutions, electrical & electronic solutions, and utility power solutions.
- It has leading market positions, strong supplier and customer relationships, competitive advantages, and is investing in digital marketing capabilities.
- In 2016, Anixter generated $7.6 billion in sales across over 50 countries and 300 cities with over 600,000 stock-keeping units held in its warehouses.
- The presentation reviews Anixter's business segments and product offerings, operating metrics, financial trends, and
3 q16 earnings presentation vfinal final irbgcpartners
BGC Partners reported financial results for the third quarter of 2016. Total revenues decreased 6% year-over-year to $643.5 million due to lower volumes in foreign exchange, equities, and commodities markets. However, pre-tax distributable earnings increased 8% to $106.8 million and margins expanded to 16.6% due to cost cutting measures and growth in higher margin electronic businesses. Financial Services revenues declined 13% but pre-tax earnings rose 2% and margins improved 350 basis points from increased contributions from fully electronic trading. Real Estate Services revenues grew 4% primarily from strong capital markets performance.
September 2016 general investor presentationirbgcpartners
BGC's Financial Services segment saw year-over-year growth in pre-tax distributable earnings of 6% in 2Q2016. The segment's pre-tax distributable earnings margins expanded 260 basis points despite the sale of Trayport, which had high margins of approximately 45%. BGC's fully electronic FENICS business saw revenues and pre-tax earnings increase 6% and 19% respectively through organic growth, with pre-tax margins expanding 545 basis points. Voice/hybrid credit revenues were up 3% and energy & commodities revenues up 4% year-over-year. BGC reached its $100 million cost savings target from the GFI acquisition two quarters ahead of schedule and now expects $
BGC Partners reported financial results for the third quarter of 2015. Revenues increased 55.8% to $700.9 million compared to the third quarter of 2014, driven by the acquisition of GFI Group. Pre-tax distributable earnings were up 33.9% to $88.1 million. The fully electronic division, FENICS, saw revenues increase 142% and pre-tax earnings rise 82% over the prior year. BGC maintained a diverse revenue base across its business segments and geographies.
Genworth MI Canada Inc. reported its financial results for the fourth quarter of 2013 on February 5, 2014. The company achieved solid earnings performance in 2013 with net operating income growing 3% year-over-year to $349 million and book value per share increasing 6%. For the fourth quarter, the company reported net operating income of $85 million, operating EPS of $0.90, and book value per share of $32.53. The company benefited from a low loss ratio driven by strong portfolio quality and favorable economic conditions. Looking ahead, the company expects a stable housing market and modest premium growth in 2014 while maintaining strong underwriting performance.
BGC Partners reported financial results for Q2 2014 with revenues of $430.3 million, down 8.7% from Q2 2013. Pre-tax distributable earnings were $53 million, down slightly by 1.6% year-over-year. The company declared a quarterly cash dividend of $0.12 per share. Financial services revenues were $271.5 million while real estate revenues were $149.1 million. Industry volatility and trading volumes remained low compared to prior periods, challenging BGC's financial performance.
BGC Partners held an earnings presentation for Q2 2015. The presentation included the following key points:
- Revenues for Q2 2015 were $684.6 million, up 59.1% from Q2 2014, with pre-tax distributable earnings of $77.5 million, up 46.3%.
- Financial services revenues were $435 million, up over 60% due to the consolidation of GFI Group, while real estate revenues were $239.7 million, up 61%.
- BGC maintains a diverse revenue base across different asset classes and geographies to reduce risk.
Q22015 earnings presentation v final (working version)irbgcpartners
BGC Partners reported financial results for the second quarter of 2015. Revenues increased 59% compared to the second quarter of 2014, driven by the consolidation of GFI Group. Financial services revenues grew over 60% and pre-tax profits increased over 37% compared to the prior year. Volatility levels increased across most asset classes, which typically drives increased demand for hedging. The strengthening US dollar negatively impacted non-US revenues.
March 2017 general investor presentation v finalirbgcpartners
BGC Financial Services reported strong results for 4Q 2016. Pre-tax distributable earnings were up over 25% and the pre-tax distributable earnings margin expanded by around 600 basis points. Rates revenues increased over 7% and fully electronic credit revenues grew 13%. The integration of the GFI acquisition was completed successfully, achieving annualized synergies above $125 million. Distributable earnings and margins improved due to the GFI integration and reduced expenses. Trayport, which was sold in 4Q 2015, generated $15.8 million in revenues in 4Q 2015 compared to none in the current quarter. BGC has a track record of successful, accretive acquisitions in Financial Services.
This document summarizes Cisco's Q2 Fiscal Year 2016 conference call. The call discussed Cisco's financial performance for Q2 2016, noting 2% revenue growth and 8% growth in non-GAAP earnings per share. Cisco also provided guidance for the next quarter and discussed key business trends, including momentum in networking, security, cloud-based solutions, and acquisitions. The call included a question and answer session with analysts.
This document provides an overview of Belden, a global signal transmission solutions company. It discusses Belden's five business platforms that deliver innovative connectivity solutions for broadcast, enterprise, industrial, and network security applications. It highlights Belden's financial performance over time, including improvements in EBITDA margin, return on invested capital, and free cash flow. The document also outlines Belden's strategy for capital deployment, including investing in innovation, acquisitions, and share repurchases. Finally, it provides guidance for Q2 and full year 2016 revenues and earnings per share.
May 4th 2016 investor relations presentationXOGroup
This document provides an overview of XO Group Inc., including its strategic transformation, leadership team, financial performance, and outlook. Key points include: XO Group is transforming its business under new leadership to focus on its #1 online wedding brand and growing baby brand, with the goal of achieving double digit revenue growth and 20% adjusted EBITDA margins. In Q1 2016, revenue grew 9% year-over-year and transactions revenue increased 83%, driven by strong registry and commerce results.
This document provides an earnings presentation for BGC Partners for Q3 2014. Some key highlights include:
- Revenues for Q3 2014 were $449.8 million, up 8.5% from Q3 2013. Pre-tax distributable earnings were $65.8 million, up 75.8% from Q3 2013.
- Financial services revenues were $261.2 million, with pre-tax earnings of $55 million. Real estate revenues were $179.1 million, with pre-tax earnings of $23.9 million.
- BGC also announced a tender offer to acquire GFI Group for $5.25 per share in cash, representing a premium to GFI's previous
Genworth MI Canada Inc. reported its financial results for the first quarter of 2014. Net operating income increased 7% year-over-year to $91 million. The loss ratio was 20% and the expense ratio was 19%, leading to a combined ratio of 39%. The minimum capital test ratio remained strong at 229%. Genworth also announced a 15% average premium rate increase effective May 1, 2014 and successfully extended its debt maturity profile.
June 2016 general investor presentationirbgcpartners
This presentation provides an overview of BGC Partners, a global brokerage company with two business segments: Financial Services and Real Estate Services. It discusses BGC's diversified revenue streams, growth opportunities through acquisitions and hiring, and expectations around cost savings and future dividend payments. Key metrics on revenue, earnings, and staffing are presented for the first quarter of 2016 and full year 2015 to illustrate the company's financial performance and stability.
BGC Partners reported financial results for the fourth quarter and full year of 2016. For the quarter, revenues were $673.2 million, down slightly from the previous year, while pre-tax distributable earnings increased 27.7% to $129.1 million. For the full year, revenues increased 1.2% to $2.6 billion and pre-tax distributable earnings rose 18.1% to $425.4 million. The financial services segment saw a 5% revenue decline for the quarter and a 2% decline for the year, while real estate services revenue increased 7% for the quarter and 6% for the year, driven by strong capital markets growth.
BGC Partners presented at an investor conference in June 2013. The presentation discussed BGC's forward-looking statements and provided an overview of the company's business segments and financial performance. It noted that BGC has two business segments - Financial Services and Real Estate Services - and that it aims to grow through hiring, acquisitions, and expanding its fully electronic trading platform. The presentation also provided details on BGC's recent sale of its eSpeed business to NASDAQ OMX and outlined its plans for using the sale proceeds.
Cisco held a Q3 Fiscal Year 2015 conference call to discuss financial results and business trends. Key highlights included:
- Revenues increased 5% year-over-year to $12.1 billion, and non-GAAP EPS grew 6% to $0.54.
- Switching revenue grew 6% driven by strong demand for the Application Centric Infrastructure portfolio. Data center revenue increased 21%.
- Geographically, Americas and EMEA product orders increased 2% each while APJC returned to 1% growth. Enterprise orders grew 7% and public sector orders grew 7%.
- For Q3, Cisco generated $3 billion in operating cash flow and returned $2.1
BGC Partners reported financial results for the second quarter of 2016. Revenues declined slightly year-over-year but pre-tax and post-tax distributable earnings increased due to improved margins. The financial services segment saw higher pre-tax profits and margins despite the sale of the Trayport business, driven by growth in fully electronic trading. BGC completed its acquisition of Sunrise Brokers Group and CRE Group to expand its offerings.
BGC Partners held an Investor & Analyst Day on May 29, 2014 to provide an overview and updates on the company. The presentation included:
- BGC has two business segments: Financial Services and Real Estate Services (Newmark Grubb Knight Frank)
- Financial Services revenues account for 62% of total revenues while Real Estate Services accounts for 36%
- BGC has a long track record of revenue growth and acquiring companies to expand its services
- Continuity of experienced executive and business management teams
This document provides an investor presentation by BGC Partners, Inc. for June 2013. It discusses forward-looking statements and risks, financial metrics such as distributable earnings and adjusted EBITDA, an overview of BGC's two business segments of financial services and real estate services, and details on the eSpeed transaction where BGC will sell its U.S. Treasury trading platform to NASDAQ OMX. It also provides segment revenue breakdowns, growth opportunities in electronic trading, and the diversification of BGC's financial services business.
- Nielsen reported its 4th quarter and full year 2015 results on February 11, 2016.
- For the full year 2015, Nielsen saw revenue growth of 5.0% in constant currency and adjusted EBITDA growth of 7.2% in constant currency. Adjusted net income per share grew 12.4% in constant currency.
- Nielsen is executing on its strategic initiatives in Watch and Buy and reiterated its 2016 guidance for 4-6% constant currency revenue growth and 50-70 basis points of adjusted EBITDA margin expansion.
This document is an investor presentation for Anixter Inc. that provides an overview of the company, its business model, financial performance, and operating results. Some key points:
- Anixter is a global distributor of network & security solutions, electrical & electronic solutions, and utility power solutions.
- It has leading market positions, strong supplier and customer relationships, competitive advantages, and is investing in digital marketing capabilities.
- In 2016, Anixter generated $7.6 billion in sales across over 50 countries and 300 cities with over 600,000 stock-keeping units held in its warehouses.
- The presentation reviews Anixter's business segments and product offerings, operating metrics, financial trends, and
3 q16 earnings presentation vfinal final irbgcpartners
BGC Partners reported financial results for the third quarter of 2016. Total revenues decreased 6% year-over-year to $643.5 million due to lower volumes in foreign exchange, equities, and commodities markets. However, pre-tax distributable earnings increased 8% to $106.8 million and margins expanded to 16.6% due to cost cutting measures and growth in higher margin electronic businesses. Financial Services revenues declined 13% but pre-tax earnings rose 2% and margins improved 350 basis points from increased contributions from fully electronic trading. Real Estate Services revenues grew 4% primarily from strong capital markets performance.
September 2016 general investor presentationirbgcpartners
BGC's Financial Services segment saw year-over-year growth in pre-tax distributable earnings of 6% in 2Q2016. The segment's pre-tax distributable earnings margins expanded 260 basis points despite the sale of Trayport, which had high margins of approximately 45%. BGC's fully electronic FENICS business saw revenues and pre-tax earnings increase 6% and 19% respectively through organic growth, with pre-tax margins expanding 545 basis points. Voice/hybrid credit revenues were up 3% and energy & commodities revenues up 4% year-over-year. BGC reached its $100 million cost savings target from the GFI acquisition two quarters ahead of schedule and now expects $
BGC Partners reported financial results for the third quarter of 2015. Revenues increased 55.8% to $700.9 million compared to the third quarter of 2014, driven by the acquisition of GFI Group. Pre-tax distributable earnings were up 33.9% to $88.1 million. The fully electronic division, FENICS, saw revenues increase 142% and pre-tax earnings rise 82% over the prior year. BGC maintained a diverse revenue base across its business segments and geographies.
Genworth MI Canada Inc. reported its financial results for the fourth quarter of 2013 on February 5, 2014. The company achieved solid earnings performance in 2013 with net operating income growing 3% year-over-year to $349 million and book value per share increasing 6%. For the fourth quarter, the company reported net operating income of $85 million, operating EPS of $0.90, and book value per share of $32.53. The company benefited from a low loss ratio driven by strong portfolio quality and favorable economic conditions. Looking ahead, the company expects a stable housing market and modest premium growth in 2014 while maintaining strong underwriting performance.
BGC Partners reported financial results for Q2 2014 with revenues of $430.3 million, down 8.7% from Q2 2013. Pre-tax distributable earnings were $53 million, down slightly by 1.6% year-over-year. The company declared a quarterly cash dividend of $0.12 per share. Financial services revenues were $271.5 million while real estate revenues were $149.1 million. Industry volatility and trading volumes remained low compared to prior periods, challenging BGC's financial performance.
BGC Partners held an earnings presentation for Q2 2015. The presentation included the following key points:
- Revenues for Q2 2015 were $684.6 million, up 59.1% from Q2 2014, with pre-tax distributable earnings of $77.5 million, up 46.3%.
- Financial services revenues were $435 million, up over 60% due to the consolidation of GFI Group, while real estate revenues were $239.7 million, up 61%.
- BGC maintains a diverse revenue base across different asset classes and geographies to reduce risk.
Q22015 earnings presentation v final (working version)irbgcpartners
BGC Partners reported financial results for the second quarter of 2015. Revenues increased 59% compared to the second quarter of 2014, driven by the consolidation of GFI Group. Financial services revenues grew over 60% and pre-tax profits increased over 37% compared to the prior year. Volatility levels increased across most asset classes, which typically drives increased demand for hedging. The strengthening US dollar negatively impacted non-US revenues.
- BGC Partners reported financial results for Q4 2014 with revenues of $515.5 million, up 19.1% from Q4 2013. Pre-tax distributable earnings were $72.6 million, up 57.8% from the prior year.
- The company declared a quarterly cash dividend of $0.12 per share to be paid in March 2015.
- Revenues increased in the Americas by 31% year-over-year while declining slightly in EMEA and APAC. Real estate comprised 48% of total revenues, the largest percentage in company history.
BGC Partners held an earnings presentation for Q3 2013. Some key highlights included:
- Revenues for Q3 2013 were $414.4 million, down 7% from Q3 2012.
- Pre-tax distributable earnings per share were $0.12 for Q3 2013, down 25% from $0.16 in Q3 2012.
- Adjusted EBITDA was $78.7 million for Q3 2013, up 24% from $63.7 million in Q3 2012.
BGC plans to use the proceeds from the sale of its eSpeed platform to NASDAQ OMX to repay debt, make acquisitions, invest in organic growth, and repurchase shares
BGC Partners held an earnings presentation for Q3 2013. Key highlights included:
- Revenues for Q3 2013 were $414.4 million, down 7% from Q3 2012.
- Pre-tax distributable earnings per share were $0.12 for Q3 2013, down 25% from Q3 2012.
- Adjusted EBITDA was $78.7 million for Q3 2013, up 24% from Q3 2012.
- The presentation provided financial results and analysis for BGC's business segments and products.
BGC Partners reported first quarter 2016 earnings. Financial highlights included revenues of $660.1 million, up 17.1% from the first quarter of 2015. Pre-tax distributable earnings were $90.8 million, up 20.7% year-over-year. The company saw revenue growth across all regions. BGC's board also declared a quarterly cash dividend of $0.16 per share, an increase of 14.3% from the prior year. Financial Services revenues increased 23% due to the acquisition of GFI Group, while pre-tax earnings for the segment rose over 31% and margins expanded. Real Estate Services revenues grew over 7% from organic growth and acquisitions.
January 2016 General Investor Presentationirbgcpartners
This document provides an overview of BGC Partners, Inc., a global brokerage company with two business segments: Financial Services and Real Estate Services. It discusses BGC's solid business model, diversified revenues, profitable acquisitions, growing electronic business, and expectations for continued dividend payments. Financial highlights from 3Q2015 show strong revenue and earnings growth compared to the prior year.
BGC Partners held an investor presentation in September 2015 to discuss the company's businesses and financial results. The presentation provided an overview of BGC's two business segments: Financial Services and Real Estate Services. It highlighted the company's diversified revenue streams, growth strategy through acquisitions, and increasing focus on fully electronic trading. Select financial metrics from Q2 2015 showed over 60% revenue growth and margin expansion compared to the prior year.
The document provides an overview of BGC Partners, Inc., a global brokerage company with two business segments: Financial Services and Real Estate Services. It discusses BGC's solid business model, track record of acquisitions, and third quarter 2015 financial results which showed revenue growth of 55.8% and distributable earnings per share growth of 11.8% year-over-year. The document also outlines BGC's revenue diversification by asset class, region, and business segment.
Q22015 investor presentation v final 2airbgcpartners
BGC Partners held an investor presentation in September 2015 to discuss the company's businesses and financial results. The presentation provided an overview of BGC's two business segments: Financial Services and Real Estate Services. It summarized Q2 2015 results which showed revenue and profitability growth compared to Q2 2014, driven by acquisitions and increased activity in certain asset classes. The presentation also discussed BGC's strategy of pursuing acquisitions and growing its fully electronic trading platform.
BGC Partners held an investor presentation in September 2015 to discuss the company's businesses and financial results. The presentation provided an overview of BGC's two business segments: Financial Services and Real Estate Services. It summarized Q2 2015 results which showed revenue and profitability growth compared to Q2 2014, driven by acquisitions and increased activity in certain asset classes. The presentation also discussed BGC's diversified revenue streams, acquisition strategy, and growth in its fully electronic trading business.
Masco Corporation reported second quarter 2014 results with revenue growth of 5% and adjusted operating profit growth of 21%. Strong operating leverage led to a 140 basis point increase in adjusted operating margin. Cabinet sales declined 5% but initiatives are being executed to improve long-term performance. The outlook calls for continued execution of sales and profit initiatives despite lower industry growth.
The document provides Q1 2014 results for LinkedIn. It discusses key metrics such as member, visitor, and page view growth. Revenue increased 54% year-over-year to $45 million from products like Talent Solutions and Marketing Solutions. Adjusted EBITDA was $116.7 million, or 26% of revenue. For Q2 2014, LinkedIn expects revenue of $500-505 million and adjusted EBITDA of $118-120 million.
September 2016 general investor presentationv v final 9 14-16irbgcpartners
BGC Partners reported strong year-over-year growth in distributable earnings for the second quarter of 2016 and full year 2015. For the second quarter, pre-tax distributable earnings increased 6.7% year-over-year driven by growth in the Financial Services segment, particularly in its fully electronic FENICS business. BGC's business is diversified by geography, asset class, and between its Financial Services and Real Estate Services segments. The company has a track record of successful acquisitions that have been accretive to earnings.
Shutterfly Earnings for 1Q 2014 released after market close today. Released in tandem with their conference call - which starts in about 20 minutes: http://www.media-server.com/m/p/o42tycb9
Looks like they beat by $0.05 and gave updated guidance more or less in-line with consensus. Note that Goldman upgraded the stock 2 weeks ago...
1) The document is BGC Partners' Q3 2014 investor presentation which provides an overview of the company's Financial Services and Real Estate Services segments.
2) BGC Partners has diversified revenues across geographies and asset classes in Financial Services and product categories in Real Estate Services.
3) The company has a history of successful acquisitions that have been accretive to earnings and expanded its services, and continues to selectively acquire businesses.
The document provides a summary of Verifone's financial results for the third quarter of fiscal year 2016 (Q3 FY16). It notes that geopolitical events in Turkey and economic conditions in Latin America negatively impacted revenue. Key highlights include exceeding the earnings per share target, optimizing the cost structure, and good progress on new products and services. The document also provides guidance for the fourth quarter of fiscal year 2016, forecasting net revenues of $460 million and earnings per share between $0.28-$0.29.
Presentation given by CEO Jeff Weiner, and CFO Steve Sordello, at LinkedIn Q3 2014 Earnings Call. For more information, check out http://investors.linkedin.com/.
Similar to 1 q2014 earnings presentation final (19)
The document is an investor presentation by Newmark Group, Inc. discussing the rationale for and benefits of spinning off from BGC Partners. Key points include:
- The spin-off would finalize the separation of Newmark and BGC Partners and enhance Newmark's ability to invest and grow its business independently.
- It would give Newmark more flexibility to return capital to shareholders and increase the liquidity of Newmark stock.
- The spin-off can be done in a tax-efficient manner for both Newmark and its shareholders without materially impacting their financial or credit profiles.
Newmark Group, Inc. presented an investor presentation in November 2018. The presentation discussed Newmark's full suite of commercial real estate services, the rationale for and benefits of spinning off from BGC Partners, and Newmark's strong operating performance and outperformance of the commercial real estate industry in 2018. Newmark has consistently grown its adjusted EBITDA and expanded its margins since its IPO through both organic growth and acquisitions.
The document discusses BGC Partners' earnings presentation for the third quarter of 2018. It provides an overview of BGC Partners' consolidated financial results for the third quarter, including an 18.2% increase in revenues year-over-year. It also summarizes the key drivers of the Financial Services segment's performance, including a 7% increase in revenues driven by double-digit growth in brokerage revenues for energy and commodities. Pre-tax adjusted earnings for the segment increased approximately 6% year-over-year.
This document provides an overview of BGC Partners, Inc. and its subsidiaries, including Newmark Group. It discusses BGC's financial services and real estate services segments. For financial services, it notes the voice/hybrid and fully electronic Fenics businesses. For real estate services, it outlines Newmark's commercial real estate services. It also provides consolidated revenue breakdowns by segment and region. The document contains various disclaimers about forward-looking statements, non-GAAP financial measures, and definitions of terms. It highlights BGC's diversified businesses and growth opportunities, as well as the planned spin-off of Newmark by year-end 2018.
This document provides an overview of BGC Partners, Inc. and its subsidiaries, including Newmark Group. It discusses BGC's financial services and real estate services segments. For financial services, it notes the voice/hybrid and fully electronic Fenics businesses. For real estate services, it outlines Newmark's commercial real estate services. It also provides consolidated revenue breakdowns by segment and product type. The document discusses BGC's strategy to grow its profitable Fenics business and complete the planned spin-off of Newmark by year-end 2018.
The document provides an earnings presentation for BGC Partners for the second quarter of 2018. It includes disclaimers about forward-looking statements and non-GAAP financial measures. The summary highlights consolidated revenue growth of 13.1% year-over-year for the second quarter. Pre-tax adjusted earnings grew 30.3% and post-tax adjusted earnings grew 24.6% over the same period. Financial results are broken down by segment and geography. Compensation and productivity metrics for front office employees in each segment are also presented, along with trends in expenses and pre-tax margins.
This document provides an earnings presentation for BGC Partners, Inc. for the second quarter of 2018. It includes forward-looking statements and non-GAAP financial measures. Key highlights include revenues increasing 13.1% year-over-year to $960.1 million. GAAP income from operations before taxes declined 30.1% to $65.9 million while post-tax Adjusted Earnings, a non-GAAP measure, rose 24.6% to $144.1 million. The presentation also provides segment results and definitions for non-GAAP terms used.
This document provides an overview of BGC Partners' annual stockholders meeting on June 20, 2018. It includes disclaimers about forward-looking statements and non-GAAP financial measures. The highlights section summarizes BGC's consolidated financial results for the first quarter of 2018, showing increases in revenues, net income, adjusted earnings, and adjusted EBITDA compared to the first quarter of 2017. It also discusses BGC's proposed spin-off of Newmark Group and provides an outlook for BGC's second quarter 2018 consolidated revenues and adjusted earnings.
- BGC Partners' Financial Services segment revenues increased 17% year-over-year to $516.6 million in the first quarter of 2018, driven by double-digit percentage increases in brokerage revenues across rates, foreign exchange, equities, insurance, and energy and commodities.
- Pre-tax Adjusted Earnings for the segment increased approximately 31% year-over-year, with pre-tax margins rising to 25%, 270 basis points higher than the prior year.
- The growth was primarily organic across equities, insurance, and other asset classes, as well as from other products such as rates, foreign exchange, and energy and commodities.
This document provides an overview of BGC Partners, Inc. for an analyst day presentation in May 2018. It includes disclaimers about forward-looking statements and non-GAAP financial measures. The document also provides information on BGC's financial services and real estate services segments, noting the revenues for each segment. It highlights some of the acquisitions and growth BGC has experienced since 2014, more than doubling revenues in some of its businesses. The document is intended to inform analysts about BGC's current business and performance.
This document provides an agenda and overview for an analyst day presentation by BGC Partners, Inc. It includes discussions of the company's financial overview, Fenics electronic markets and solutions businesses, Besso insurance brokerage, and Sunrise Brokers. Newmark, a subsidiary of BGC Partners, will also present. The document provides disclaimers regarding forward-looking statements and reconciliations between GAAP and non-GAAP financial measures. It outlines BGC Partners leadership including Chairman and CEO Howard Lutnick and CFO Steve McMurray. The agenda spans from 10:00am to 12:35pm and includes an introduction, multiple business segment presentations, Q&A, and lunch.
This document provides an agenda and overview for an analyst day presentation by BGC Partners, Inc. It includes discussions of the company's financial overview, Fenics electronic markets and solutions, Besso Insurance, Sunrise Brokers, and Newmark. It also notes that Howard Lutnick is the Chairman and CEO of BGC Partners and has held leadership roles at Cantor Fitzgerald since 1983. Disclaimers are provided regarding forward-looking statements, financial metrics, terminology, and non-GAAP financial measures.
1 q2018 bgcp earnings presentation vfinal final 1135pmirbgcpartners
BGC Partners held an earnings presentation for its first quarter 2018 financial results. Some key highlights included total revenues increasing 22% year-over-year and pre-tax adjusted earnings increasing 55% year-over-year. Financial services revenues were up 17% driven by double digit growth across various asset classes. Real estate services revenues increased 28% in the Americas. The presentation provided an overview of BGC Partners' business segments and financial performance.
BGC Partners reported financial results for 4Q 2017 and FY 2017. Revenues increased 18.3% for 4Q 2017 and 15.3% for FY 2017 compared to the prior year periods. Pre-tax and post-tax adjusted earnings, as well as adjusted earnings per share, increased for both periods compared to the previous years, reflecting strong financial performance. BGC also declared a $0.18 per share quarterly cash dividend to shareholders of record in February 2018.
- BGC Partners reported financial results for the third quarter of 2017 with total revenues of $827 million, up 12.5% year-over-year, and pre-tax distributable earnings of $156.6 million, up 28.4% year-over-year.
- Financial Services revenues were $416.7 million in 3Q 2017, with pre-tax earnings of $87.6 million, excluding the impact of Nasdaq payments. Real Estate Services revenues were $399.4 million, with pre-tax earnings of $66.9 million, excluding Nasdaq payments.
- BGC maintains a highly diverse revenue base across its Financial Services and Real Estate Services segments, with
General investor presentation september 2017irbgcpartners
BGC Partners provides an overview of its Financial Services segment. The segment includes voice/hybrid brokerage and fully electronic trading (FENICS). In 2Q 2017, voice/hybrid accounted for 87% of segment revenues and pre-tax distributable earnings were up 38% year-over-year with margins expanding over 500 basis points. Product revenues were diversified across rates, foreign exchange, credit, and other asset classes. BGC expects regulatory reform, rising interest rates, and a growing global economy to drive further opportunities in Financial Services.
BGC Partners reported strong financial results for the second quarter of 2017. Total revenues increased 12.8% to $737.8 million compared to the second quarter of 2016. Pre-tax distributable earnings were $131.5 million, up 27% year-over-year, resulting in a pre-tax distributable earnings margin of 17.8%. Financial services revenues grew 10% to $432.3 million, while pre-tax earnings increased 38% to $111 million and the pre-tax margin expanded over 500 basis points. Real estate services revenues rose 16.6% to $295.3 million, with pre-tax earnings up 38% and margins improving 190 basis points. BGC also announced
The acquisition of Berkeley Point dramatically increases the scope, scale, and revenues of BGC's Real Estate Services segment. Berkeley Point has experienced strong growth, with revenues increasing 55% year-over-year and GAAP pre-tax income excluding non-cash MSR income increasing 52% year-over-year for the twelve months ended March 31, 2017. The combination is expected to be a powerful catalyst for growth across BGC's real estate services businesses.
BGC Partners is a global brokerage firm with two main business segments: Financial Services and Real Estate Services. In the first quarter of 2017, BGC saw strong year-over-year growth in distributable earnings per share of 27.8% and adjusted EBITDA of 36.3%, driven by increases in both its Financial Services and Real Estate Services segments. The document provides an overview of BGC's business lines and products within each segment.
BGC Partners reported financial results for the first quarter of 2017, with revenues increasing 10.4% year-over-year to $707.4 million. Pre-tax distributable earnings were up 37.6% to $121.5 million compared to $88.3 million in the prior year quarter. Financial services revenues grew 6% to $441.2 million, driven by higher rates and acquisitions, while pre-tax earnings increased 13% with margins up 160 basis points. Real estate services revenues increased 20% to $258 million due to strong organic growth. BGC maintained a highly diversified revenue base and continues to benefit from acquisition synergies.
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June 12, 2024 UnityNet International (#UNI) World Environment Day Abraham Project 2024 Press Release from Markham / Mississauga, Ontario in the, Greater Tkaronto Bioregion, Canada in the North American Great Lakes Watersheds of North America (Turtle Island).
Methanex is the world's largest producer and supplier of methanol. We create value through our leadership in the global production, marketing and delivery of methanol to customers. View our latest Investor Presentation for more details.
Cleades Robinson, a respected leader in Philadelphia's police force, is known for his diplomatic and tactful approach, fostering a strong community rapport.
ZKsync airdrop of 3.6 billion ZK tokens is scheduled by ZKsync for next week.pdfSOFTTECHHUB
The world of blockchain and decentralized technologies is about to witness a groundbreaking event. ZKsync, the pioneering Ethereum Layer 2 network, has announced the highly anticipated airdrop of its native token, ZK. This move marks a significant milestone in the protocol's journey, empowering the community to take the reins and shape the future of this revolutionary ecosystem.
4. Date
SELECT Q1 2014 RESULTS COMPARED TO Q1 2013
eSpeed generated $24.8 million in revenues and $14.4 million in pre-tax profits in
the first quarter 2013.
BGC Partners’ Board of Directors declared a quarterly cash dividend of $0.12 per
share payable on June 2, 2014, with an ex-dividend date of May 14, 2014 to
Class A and Class B common stockholders of record as of May 16, 2013.
Highlights of Consolidated Results
($ millions, except per share data)
Q1 2014 Q1 2013
Change
(%)
Revenues for distributable earnings $445.9 $449.8 (0.9)
Pre-tax distributable earnings before non-controlling interest
in subsidiaries and taxes
56.2 45.1 24.7
Pre-tax distributable earnings per share 0.17 0.14 21.4
Post-tax distributable earnings 47.2 38.5 22.7
Post-tax distributable earnings per share 0.15 0.12 25.0
Adjusted EBITDA 74.6 59.7 24.9
Effective tax rate 15.0% 14.5%
Pre-tax earnings margin 12.6% 10.0%
Post-tax earnings margin 10.6% 8.6%
4
5. Date
Q1 2014 GLOBAL REVENUE BREAKDOWN
Americas Revenue up 6% Y-o-Y (excluding eSpeed Americas Revenue up 18%)
Europe, Middle East & Africa Revenue down 10% Y-o-Y
Asia Pacific Revenue down 8% Y-o-Y
New York Paris
Hong
Kong
London
Singapore
EMEA
31.3%
Americas
58.8%
APAC
9.9%
1Q2014 Revenues
IDBs typically seasonally strongest in 1st quarter, weakest in 4th quarter
Real Estate typically seasonally strongest in 4th quarter, weakest in 1st quarter
Note: percentages may not sum to 100% due to rounding.
5
6. Date
BGC’S FRONT OFFICE OVERVIEW
Front Office Productivity (in thousands)Front Office Headcount
1,641 1,587 1,545 1,501 1,497
894 898 887 884 888
0
500
1,000
1,500
2,000
2,500
Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014
Real Estate Financial Brokerage
$0
$200
$400
$600
$800
2012 2013 Q1 2013 Q1 2014
$646
$619
$154
$162
($thousands)
Y-o-Y change: (5.9%)
(FrontOfficeEmployees)
2,4852,535
For Q1 2014 Real Estate Services front office average revenue per front office employee was up 47%, Financial
Services average revenue per front office employee was down 3% year-over-year
Excluding eSpeed revenues and headcount, Financial Services revenue per broker/salesperson was up
approximately 4 percent year-over-year and up 11% for BGC as a whole
Note 1: Front office productivity is calculated as “total brokerage revenue,” “market data and software sales revenue,” “NASDAQ earn-out” and the portion of “ fees from related
party” line items related to fully electronic trading divided by average front office headcount for the relevant period.
2,432 2,385
6
2,385
8. Date
Financial
Services
64%
Real Estate
Services
34%
Corporate
2%
Q1 2014 SEGMENT DATA (DISTRIBUTABLE EARNINGS BASIS)
Q1 2014 Revenues Q1 2014 Revenues
Pre‐tax
Earnings
Pre‐tax
Margin
Financial $287.1 $59.1 20.6%
Real Estate $149.8 $15.2 10.1%
Corporate $9.0 ($18.0) NMF
In USD millions
eSpeed generated $23.6 million of revenues and $14.4 million of pre-tax profit within Financial; and $1.2
million of revenues and no pre-tax profit within Corporate
Excluding eSpeed and including NASDAQ earn-out, Financial Service revenues down 4.4% Y-o-Y
Real Estate typically seasonally strongest in 4Q; IDBs typically seasonally strongest in 1Q
Q1 2013 Revenues
Pre‐tax
Earnings
Pre‐tax
Margin
Financial $323.8 $64.1 19.8%
Real Estate $114.2 $2.3 2.0%
Corporate $11.7 ($21.2) NMF
In USD millions
8
9. Date
CURRENT MONETARY POLICY LIKELY TO REMAIN ACCOMMODATIVE
Global Monetary Policy
• Fed tapering its quantitative easing ("QE") program at
a rate of $10 billion per FOMC meeting – 8 meetings
scheduled in 2014
• ECB steady on policy; facing deflationary pressures
and may cut rates and/or introduce QE measures
• Fed, ECB, BOJ and BoE to remain accommodative
Global Monetary Policy Effect On BGC Operations
• Current easy monetary policy expected to support
continued recovery of U.S. Economy, including Real
Estate
• Fed tapering and wind down of QE should eventually
provide tailwinds to our Rates business in Financial
Services
• Potential Euro Area deflation and ECB countermeasures
could have negative effects on BGC’s Rates business
9
11. Date
BUSINESS OVERVIEW: RATES
$0
$100
$200
$300
$400
$500
$600
FY
2012
FY
2013
FY
2012
FY
2013
Q1
2013
Q1
2014
Q1
2013
Q1
2014
$532.4
$491.7
$471.1 $460.4
$145.0
$113.7 $129.2 $113.7
(USDmillions)
Interest Rate Derivatives
US Treasuries (off-the-run)
Global Government Bonds
Agencies
Interest Rate Futures
Dollar Derivatives
Repurchase Agreements
Non-Deliverable Swaps
Interest Rate Swaps & Options
Rates Revenue Growth
% of Q1 2014 Total Distributable Earnings RevenueExample of Products
Global sovereign and corporate debt issuance
cause long-term tailwinds in our Rates business
Near-term headwinds due to continued QE
efforts
Low interest rates in most major economies
continue to hold down volumes
Interest rate volatility has remained below
historical 10-year averages
Industry volumes trending lower year-over-year
Drivers
(Excluding eSpeed
brokerage)
(Excluding eSpeed
brokerage)
11
Rates 25%
12. Date
BUSINESS OVERVIEW: CREDIT
Credit Derivatives
Asset-Backed Securities
Convertibles
Corporate Bonds
High-Yield Bonds
Emerging Market Bonds
Credit Revenue Growth
% of Q1 2014 Total Distributable Earnings RevenueExample of Products
Regulatory uncertainty resulting in lower
inter-dealer derivative volumes
Large bank corporate bond trading activity
impacted due in part to Basel III capital
requirements and dealer deleveraging /
“de-risking”
Drivers
$0
$50
$100
$150
$200
$250
$300
FY 2012 FY 2013 Q1 2013 Q1 2014
$284.6
$244.5
$69.1 $65.4
(USDmillions)
12
Credit 15%
13. Date
BUSINESS OVERVIEW: FOREIGN EXCHANGE
Foreign Exchange Revenue Growth
% of Q1 2014 Total Distributable Earnings RevenueExample of Products
FX volumes tracked significant lower globally
for most currency products during the quarter
BGC Fully Electronic FX spot business
outperformed overall industry
Growth of the Fully Electronic FX business
provided improved margins
Challenging regulatory environment for the
FX businesses of several banks
Drivers
$0
$25
$50
$75
$100
$125
$150
$175
FY 2012 FY 2013 Q1 2013 Q1 2014
$208.0 $212.1
$59.3 $52.1
(USDmillions)
2.0%
In virtually all currency pairs:
Options
Exotics
Spot
Forwards
Non-deliverable forwards
13
FX 12%
14. Date
BUSINESS OVERVIEW: EQUITIES & OTHER ASSET CLASSES
Equity Derivatives
Cash Equities
Index Futures
Commodities
Energy Derivatives
Other Derivatives and Futures
Equities & Other Asset Classes Revenue Growth
% of Q1 2014 Total Distributable Earnings RevenueExample of Products
U.S. and Euro cash equity volumes
were up year-over-year
Global equity derivative volumes were
generally mixed from a year ago
Equity volatility levels elevated year-
over-year
Industry-wide energy volumes relatively
flat year-over-year
75% YoY growth in BGC’s Energy &
Commodities businesses
Drivers
$0
$25
$50
$75
$100
$125
$150
$175
FY 2012 FY 2013 Q1 2013 Q1 2014
$156.1 $150.7
$40.0 $42.8
(USDmillions)
Equities &
Other
10%
14
15. Date
INDUSTRY VOLUMES AND VOLATILITY REMAINED CHALLENGING IN 1Q’14
Year-over-Year Change in Capital Markets Activity
(ADV, except credit derivatives outstanding) Year-over-Year Change in Avg. Daily Volatility
10%
5 %
3%
-5%
-13%
-20%
-25% -20% -15% -10% -5% 0% 5% 10% 15%
U.S. Equities
EU Equities
U.S. Rates
Nat Gas
Oil
FX (realized)
15
• BGC’s Financial Service revenues have historically been correlated with industry-
wide volumes and volatility levels
• Generally, increased price volatility increases demand for hedging instruments,
including for many of the cash and derivative products that BGC brokers
• With the exception of cash equities, trading volumes and volatility levels were
generally down year-over-year and well below historical levels
Source: Goldman Sachs Global Investment Research, Credit Suisse
Note: European Equity Derivatives is an aggregation of Eurex and Euronext volumes
8%
7%
7%
0.2%
-4%
-8%
-9%
-20%
-30%
-34%
-35%
-40% -35% -30% -25% -20% -15% -10% -5% 0% 5% 10% 15%
U.S. Cash Equities
U.S. Equity Options
Investment Grade Debt
Energy
High-Yield Debt
Treasuries
European Eqty. Derivatives
U.S. Agency
Dealer-Dealer Credit
Derivatives Outstanding
EBS Spot FX
MBS
10%
8%
7%
0.2%
-4%
- 8%
- 9%
-20%
-30%
-34%
-35%
-40% -35% -30% -25% -20% -15% -10% -5% 0% 5% 10% 15%
U.S. Investment Grade Debt
U.S. Cash Equities
U.S. Equity Options
Energy
U.S. High-Yield Debt
U.S. Treasuries
European Eqty. Derivatives
U.S. Agency
Dealer-Dealer Credit
Derivatives Outstanding
EBS Spot FX
U.S. MBS
16. Date
2Q’14 TO-DATE VOLUMES REMAIN CHALLENGING ACROSS FINANCIAL
SERVICES
Source: Goldman Sachs Global Investment Research
Note: 2Q’14TD data is through April 24, 2014
1. U.S. Rates and FX Options data as reported by CME
2. European Rates as reported by Liffe
3. Energy Futures data as reported by CME and ICE
Definitions:
CVIX: The Deutsche Bank Currency Volatility Index, which measures the implied volatility of currency markets
VIX: The Chicago Board Options Exchange Volatility Index reflects a market estimate of future volatility
Move Index: The Merrill Lynch Volatility Estimate is a yield curve weighted index of the normalized implied volatility on 1-month Treasury options
OVX: CBOE Oil ETF Volatility Index Securities Futures, measures expected volatility of underlying oil ETF
16
2%
10%
-19%
-24%
-44%
-38%
-27%
-18%
2%
15%
21%
-50% -40% -30% -20% -10% 0% 10% 20% 30%
VIX
MOVE Index
OVX
CVIX
FX Options
European Short-term Rates Futures
European Long-term Rates Futures
Energy Futures
U.S. Cash Equities
U.S. Rates Futures
European Cash EquitiesADV – Capital
Markets
(April 1st – April 24th)
Volatility Indices
(April 1st – April 24th)
17. Date
$10
$15
$20
$25
Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014
$22.7
$21.9
$17.8
$18.2
$23.5
($millions)
$0
$500
$1,000
$1,500
$2,000
$2,500
$3,000
$3,500
Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014
$2,621.5
$2,416.3
$2,167.0
$2,755.1
$3,116.3
($billions)
BGC’S FULLY ELECTRONIC BROKERAGE METRICS
Fully Electronic Brokerage Notional Volumes (in billions)1
Percent of technology based revenue2 (excluding eSpeed) in the Financial Services
segment was 8.2% vs. 7.6% in Q1 2013
Retained Technology Revenues (in millions)2
1. Fully electronic notional volumes and revenues have been normalized to exclude eSpeed activity
2.“Retained Technology” includes fees captured in both the “total brokerage revenues” and “ fees from related party” line items related to fully electronic trading and
Market Data and Software Solutions, all of which are reported within the Financial Services segment and exclude eSpeed.
17
18. Date
TECH-BASED PRODUCTS HAVE MUCH HIGHER MARGINS
Revenue and Pre-Tax DE amounts denoted in USD millions
Note: For all periods, “Technology-Based” revenues include fully electronic trading in the “total brokerage revenues” GAAP income statement line item, the portion of
“fees from related parties” line item related to fully electronic trading, all “market data” revenues , and all “software solutions” revenues. All of the aforementioned are
reported within the Financial Services segment. “Voice/Hybrid” includes results from the “Real Estate Services” segment, “Voice/Hybrid” and “Other” from “Financial
Services” segment, and also includes $9.4 million and $18.5 million from the NASDAQ OMX stock earn-out for 1Q14 and FY13, respectively. Prior periods include eSpeed
which had pre-tax margins of ~60%.
18
• Tech margins have remained stable despite Q2’13 sale of eSpeed, which had higher
margins of ~60%
Technology
- Based
Voice /
Hybrid
Corporate /
Other Total
Technology
- Based
Voice /
Hybrid
Corporate /
Other Total
Revenue $24 $413 $9 $446 $46 $392 $12 $450
Pre-Tax DE $12 $61 ($18) $56 $25 $41 ($21) $45
Pre-tax DE Margin 53% 15% NMF 13% 54% 10% NMF 10%
Technology
- Based
Voice /
Hybrid
Corporate /
Other Total
Technology
- Based
Voice /
Hybrid
Corporate /
Other Total
Revenue $127 $1,599 $42 $1,768 $168 $1,535 $47 $1,751
Pre-Tax DE $65 $172 ($55) $182 $83 $175 ($62) $196
Pre-tax DE Margin 51% 11% NMF 10% 49% 11% NMF 11%
FY2013 FY2012
Q1 2014 Q1 2013
20. Date
FY 2012 FY 2013 Q1 2013 Q1 2014
$358.1
$418.7
$74.8
$109.9
$123.6
$164.2
$39.4
$39.9
Real Estate
Mgmt.
Services &
Other
Real Estate
Brokerage
BUSINESS OVERVIEW: REAL ESTATE SERVICES
Leasing Advisory
Capital Markets (Includes: Sales, Debt & Equity
Raising)
Global Corporate Services
Retail and Industrial Services
Property & Facilities Management
Consulting
Program and Project Management
Valuation
Real Estate Services Revenue
% of Q1 2014 Total Distributable Earnings RevenueExample of Products
Prior period hires and acquisitions
ramping up productivity
Superior yields in low interest rate
environment continue to make Real
Estate an attractive investment class
Strengthening U.S. economy and
accommodative monetary policy aids
the Real Estate recovery
Brokerage revenues up 47% year-over-
year
Drivers
(USDMillions)
$114.2
$149.8
20
$481.7
$582.9
21. Date
REAL ESTATE LEASING TRENDS CONTINUE TO GAIN MOMENTUM
13%
14%
15%
16%
17%
-10
0
10
20
30
'10 '11 '12 '13 '14
MillionSquareFeet U.S. Office Market Leasing
First Quarter Performance
Net Absorption and Vacancy Rates Improve
SF Completed
SF Absorbed
% Vacant
Source: NGKF
• 16th consecutive quarter of positive net absorption in U.S. Office market
• Desire for new commercial space remains strong in core markets such as New York City, Boston, Houston and Seattle
• Leasing fundamentals are healthy with positive absorption, declining vacancy and modest rental growth
Source: NGKF Research, Real Capital Analytics and CoStar
(Left Hand Axis)
(Left Hand Axis)
(Right Hand Axis)
21
22. Date
NGKF BROKERAGE REVENUE GROWTH OUTPACES INDUSTRY
22
• NGKF Capital Markets includes investment sales brokerage and broking of mortgages and other
financing
Note: Investment sales data is based on Real Capital Analytics data for the first quarter of 2014 compared to the prior year period for office, industrial,
hotel, apartment, and retail properties. Leasing activity is based on CoStar statistics for net absorption across office, retail and industrial for the 12-month
period ending March 2014 compared with a year earlier.
-
15%
15%
47%
0% 10% 20% 30% 40% 50%
SF Absorption (net)
Investment Sales
NGKF Brokerage Revenues
Year-over-Year Change Across Commercial Real Estate Sector
24. Date
SECOND QUARTER 2014 OUTLOOK COMPARED WITH SECOND
QUARTER 2013 RESULTS
The Company expects to generate distributable earnings
revenues of between approximately $420 million and $440
million compared with $471.1 million. A year earlier this figure
was approximately $447 million excluding eSpeed.
BGC Partners expects pre-tax distributable earnings to be
between approximately $47 million and $55 million versus
$53.8 million. A year earlier this figure was approximately $40
million excluding eSpeed.
BGC Partners anticipates its effective tax rate for
distributable earnings to remain around15 percent.
BGC intends to update its second quarter outlook around the
end of June 2014.
24
26. Date
BGC PARTNERS COMPENSATION RATIO
$749.8
$793.5
$1,036.8
$1,091.2
$275.4
56.2% 53.8%
59.2%
61.7% 61.8%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
$0
$200
$400
$600
$800
$1,000
$1,200
2010 2011 2012 2013 1Q'14
($millions)
Compensation and Employee Benefits Compensation and Employee Benefits as % of Total Revenue
Q1 2014 BGC Partners Compensation Ratio was 61.8% vs. 61.7% in Q1 2013
Commercial Real Estate brokers generally have a higher compensation ratio than IDBs with significant electronic
trading revenues.
26
27. Date
NON-COMPENSATION EXPENSES & PRE-TAX MARGIN
13.8%
16.1%
11.2%
10.3% 12.6%
30.0% 30.2% 29.6%
28.0%
25.6%
0%
10%
20%
30%
40%
50%
Pre-tax distributable earnings as % of Total Revenue Non-comp Expenses as a % of Total Revenue
FY 2010 FY 2011 FY 2012
Non-comp expenses were 25.6% of distributable earnings revenues in 1Q 2014 versus 28.3% in 1Q 2013
Pre-tax distributable earnings margin was 12.6% in 1Q 2014 vs. 10.0% in 1Q 2013
Post-tax distributable earnings margin was 10.6% in 1Q 2014 vs. 8.6% in 1Q 2013
FY 2013
27
1Q’14
28. Date
MONTHLY REVENUE EXCLUDING REAL ESTATE SERVICES ($MM)
BGCMonthlyDistributableEarnings
Revenues($MM)
Notes: April 2014 revenue numbers are preliminary. Figures from before 3Q2013 include eSpeed revenues. Monthly revenue prior to 2011 is available in
previous earnings presentations at www.ir.bgcpartners.com
28
• Revenues for April 2014,
were tracking down about
2% year-over-year,
including NGKF and
excluding eSpeed.
• Revenues for April 2014,
were tracking down about
2% year-over-year,
including NGKF and
excluding eSpeed.
29. Date
BGC’S ECONOMIC OWNERSHIP AS OF 3/31/2014
Public
43%
Cantor
23%
Employees,
Executives,
& Directors
34%
Note: Employees, Executives, and Directors ownership figure attributes all units (PSUs, FPUs, RSUs, etc.) and distribution rights to founding partners & employees and also includes all A shares owned
by BGC executives and directors. Cantor ownership includes all A and B shares owned by Cantor as well as all Cantor exchangeable units and certain distribution rights. Public ownership includes all A
shares not owned by executives or directors of BGC. The above chart excludes shares related to convertible debt.
29
30. Date
AVERAGE EXCHANGE RATES
Source: Oanda.com
30
Average
Q1 2014 Q1 2013 April 1 - April 28, 2014 April 1 - April 28, 2013
US Dollar 1 1 1 1
British Pound 1.655 1.554 1.673 1.529
Euro 1.370 1.321 1.380 1.301
Hong Kong Dollar 0.129 0.129 0.129 0.129
Singapore Dollar 0.788 0.808 0.797 0.808
Japanese Yen* 102.840 92.210 102.510 97.770
* Inverted
33. Date
ADJUSTED EBITDA
33
BGC Partners, Inc
Reconciliation of GAAP Income to Adjusted EBITDA
(and Comparison to Pre-Tax Distributable Earnings)
(in thousands) (unaudited)
Q1 2014 Q1 2013
GAAP Income from continuing operations before income taxes 11,246$ 13,697$
Add back:
Employee loan amortization 7,090 9,459
Interest expense 9,335 9,700
Fixed asset depreciation and intangible asset amortization 10,819 12,569
Impairment of fixed assets (1) 4,704 413
Exchangeability charges (2) 29,137 10,584
Losses on equity investments 2,275 3,288
Adjusted EBITDA 74,606$ 59,710$
Pre-Tax distributable earnings 56,243$ 45,119$
(1) Includes a $1.5 million charge related to lease impairment.
(2) Represents non-cash, non-economic, and non-dilutive charges relating to grants of exchangeability to limited partnership units
34. Date
34
RECONCILIATION OF INCOME UNDER GAAP TO DISTRIBUTABLE EARNINGS
BGC Partners, Inc.
RECONCILIATION OF GAAP INCOME TO DISTRIBUTABLE EARNINGS
(in thousands, except per share data)
(unaudited)
Q1 2014 Q1 2013
GAAP income before income taxes 11,246$ 13,697$
Pre-tax adjustments:
Dividend equivalents to RSUs 3 5
Non-cash losses related to equity investments, net 2,275 3,288
Real Estate purchased revenue, net of compensation and other expenses (a) 748 5,405
Allocations of net income and grant of exchangeability to limited partnership units and FPUs 31,323 18,022
NASDAQ OMX earn-out revenue (b) 11,612 -
Gains and charges with respect to acquisitions, dispositions and / or resolutions of litigation, charitable
contributions and other non-cash, non-dilutive, non-economic items (964) 4,702
Total pre-tax adjustments 44,997 31,421
Pre-tax distributable earnings 56,243$ 45,119$
GAAP net income available to common stockholders 8,008$ 6,998$
Allocation of net income to Cantor's noncontrolling interest in subsidiaries 1,933 3,519
Total pre-tax adjustments (from above) 44,997 31,421
Income tax adjustment to reflect effective tax rate (7,692) (3,447)
Post-tax distributable earnings 47,245$ 38,492$
Pre-tax distributable earnings per share (c) 0.17$ 0.14$
Post-tax distributable earnings per share (c) 0.15$ 0.12$
Fully diluted weighted-average shares of common stock outstanding 362,087 357,488
Notes and Assumptions
(a) Represents revenues related to the collection of receivables, net of compensation, and non-cash charges on acquired receivables, which would
have been recognized for GAAP other than for the effect of acquisition accounting.
(b) Distributable earnings for the first quarter of 2014 includes $11.6 million of adjustments associated with the NASDAQ OMX transaction.
BGC had a loss of $2.2 million for GAAP and recognized $9.4 million for distributable earnings for the quarter ended March 31, 2014.
(c) On April 1, 2010, BGC Partners issued $150 million in 8.75 percent Convertible Senior Notes due 2015. On July 29, 2011, BGC Partners issued $160 million
in 4.50 percent Convertible Senior Notes due 2016. The distributable earnings per share calculations for the quarters ended March 31, 2014 and 2013
include an additional 40.0 million and 39.7 million shares, respectively, underlying these Notes. The distributable earnings per share calculations
exclude the interest expense, net of tax, associated with these Notes.
Note: Certain numbers may not add due to rounding.
35. Date
35
BGC Partners, Inc.
RECONCILIATION OF REVENUES UNDER GAAP AND DISTRIBUTABLE EARNINGS
(in thousands)
(unaudited)
Q1 2014 Q1 2013
GAAP Revenue 440,291$ 444,969$
Adjustments:
NASDAQ OMX Earn-out Revenue (1) 11,612 -
Other revenue with respect to acquisitions, dispositions, and resolutions of litigation (8,973) -
Non-cash losses related to equity investments 2,275 3,288
Real Estate purchased revenue 717 1,523
Distributable Earnings Revenue 445,922$ 449,780$
(1) $2.2 million loss in Q1 2014 for GAAP and $9.4 million recognized for distributable earnings
RECONCILIATION OF REVENUES UNDER GAAP AND DISTRIBUTABLE EARNINGS