Euronext Investor Toolbox

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Euronext Investor Toolbox EURONEXT CSR INVESTOR TOOLBOX June 2019 Overview WHAT IS EURONEXT? FAMILY OF 7 LOCAL EUROPEAN MARKETS GROWING AND THRIVING TOGETHER Euronext historical presence 7 local markets, with CEOs of each country Euronext Tech hub expansion 2) Regulated markets seating at the Group Managing Board Technology center Sales office Headquarters A multi-national team in 14 countries of 848 people Largest liquidity pool as #1 cash trading venue Oslo2) in Continental Europe with €8.1bn traded on average /day 1,300 equity issuers - #1 listing venue in Dublin Europe Amsterdam London1) Brussels #1 exchange for SMEs in Europe with 950+ Munich Paris SMEs listed Zurich Milan €3.4tn market capitalization on our markets Porto Lisbon Madrid Best-in-class in regulation compliance All data are provided at year end 2018 and thus do not include the contribution from Oslo Børs VPS Euronext CSR Investor Toolbox 1) Euronext London is recognised as a Recognised Investment Exchange (RIE) by the Financial Conduct Authority (FCA)June 2019 |3 2) Euronext completed the acquisition of 97.8% of Oslo Børs VPS on 18 June 2019, the integration is ongoing and appointments subject to regulatory and shareholders approvals will occur in due course EURONEXT’S DEVELOPMENT SINCE 2000 2000 2002 2007 2013 03/2014 05/2016 2019 MERGER OF ACQUISITION OF LIFFE MERGER WITH ACQUISITION BY ICE CARVE-OUT LAUNCH OF ACQUISITION OF AMSTERDAM, ACQUISITION OF NYSE GROUP CREATION OF “AGILITY FOR OSLO BØRS VPS BRUSSELS & PARIS LISBON EXCHANGE “NEW EURONEXT” GROWTH” EXCHANGES « Old Euronext N.V.» NYSE Euronext ICE Group, Inc. RENEWAL OF IPO IPO CLEARING 2001 06/2014 AGREEMENT ACQUISITION OF DISPOSAL OF AND 11.1% of THE IRISH STOCK CLEARNET DISPOSAL OF LIFFE LCH SA EXCHANGE 2003 03/2014 2017 2018 Recent developments Corporate services FX trading Corporate services Multi-asset clearing Tech Hub Initiative Corporate services Research services September 2017 • Launch of a February 2017 May 2017 July 2017 August 2017 European Tech SME January 2018 December 2018 • Acquisition of 80% • Acquisition of 78% • Acquisition of 51% • US electronic • Acquisition of 60% • Acquisition of an initiative beyond • Management of • Research and • Comprehensive communication • Dematerialized 11.1% stake in LCH core domestic insider lists commission range of webcast, network platform board portal SA markets, opening management for buy webinar and for spot FX solution and • Renewal of 10-year offices in four new side/sell side conference call • Acquisition of a 90% decision making tool clearing of financial countries – services for Investor stake in FastMatch for corporates and derivatives contract Germany, Italy, Relations and public organisations Spain and corporate events Switzerland Euronext CSR Investor Toolbox 4 June 2019 EURONEXT: AN OPERATING MODEL, HIGHLY SCALABLE AMSTERDAM | BRUSSELS | DUBLIN | LISBON | LONDON | OSLO | PARIS Hong Kong | New-York | Porto Equity and debt issuers LISTING (large caps, SMEs) CASH & DERIVATIVES Brokers , traders and retail €1.0trn Single Order Book raised on our & institutional Investors1) TRADING markets in 2018 Investors Banks (securities services), POST TRADE Optiq issuers Index users, Data MARKET DATA providers, banks Home of the: Issuers CAC 40 BEL20 Harmonized rule book TECHNOLOGY Exchanges, banks AEX PSI20 ISEQ20 2) Brokers, traders & SPOT FX TRADING 1) institutional Investors • A unique gateway for investors to access our markets Listed & non-listed issuers, • State-of-the-art new trading platform Optiq® CORPORATE SERVICES corporates • Transparent cross-border trading of securities on one single trading line Broker dealers, • Ability to easily integrate and support local products and specificities INVESTOR SERVICES institutional Investors • Enabling issuers to remain multi-listed more efficiently Excluding Oslo Børs VPS 1) Indirect users Euronext CSR Investor Toolbox 2) Spot FX trading on FastMatch trading platform 5 June 2019 THE LEADING PAN-EUROPEAN EXCHANGE IN THE EUROZONE LISTING TRADING ▪ Largest listing franchise in continental Europe, as of March 2019, with Cash ▪ 1,300 issuers worth ▪ Q1 2019 Cash Equity Market Share: 66.1% ▪ €3.5trn in market capitalization ▪ Q1 2019 Cash ADV: €7.2bn on five regulated markets ▪ Largest centre for debt and funds listings in the world Derivatives ▪ Over 37,000 corporate, financial and government listed securities ▪ Q1 2019 Derivatives ADV: 586k lots ▪ Strong presence within the Morningstar® Eurozone 50 Index℠ , listing 24 out of 50 ▪ Large range of options on stock and derivatives on indexes companies such as the CAC40, AEX, BEL20 and PSI20 ▪ CAC40 futures contract, Europe’s second most heavily traded index future overall ▪ Strong offer of commodity derivatives: Milling wheat contract, European benchmark for physical milling wheat Spot FX ▪ Q1 2019 spot FX ADV: $19.8bn ▪ Leading edge technology MARKET DATA & INDICES POST-TRADE ▪ Pan European Market Data offering Clearing INVESTOR SERVICES ▪ ~120k screens ▪ Cash equities clearing: user preferred ▪ Saas provider of research evaluation and commission ▪ >400 vendors model with LCH S.A and EuroCCP management solutions for financial services firms ▪ Derivatives products clearing through ▪ Complete market data for over 300 LCH S.A TECHNOLOGY real time Indices compiled by Custody & Settlement Euronext including the key national ▪ Interbolsa: the Portuguese Central ▪ Proprietary leading-edge trading technology Optiq indices for the Euronext markets: Securities Depository, connected to ▪ Innovative projects: AEX, CAC40, BEL 20, ISEQ 20 Target 2 Securities, and licensed to ▪ Blockchain initiative with LiquidShare and PSI 20 operate under new CSDR ▪ Big Data platform Excluding Oslo Børs VPS Euronext CSR Investor Toolbox 6 June 2019 7 EURONEXT IS THE LARGEST LIQUIDITY POOL IN CONTINENTAL EUROPE • The Single Order Book, a unique gateway for investors and Issuers liquidity to access our markets • >5,000 active institutional investors • ~180 market members, Investors • Powered by the most advance trading technology, Optiq® Single Order Book • €8.1bn daily average value traded in 2018 on cash markets • Ability to easily integrate and support local products and Investors specificities Investors Issuers • Enabling issuers to remain multi-listed more efficiently Key benefits for issuers: Access to more Visibility to Easier capital Enhanced industry-specialised international increases or liquidity analysts and investors operations investors Excluding Oslo Børs VPS Euronext CSR Investor Toolbox June 2019 |7 A STRONG AND DIVERSIFIED COMPANY: AT A GLANCE Cash trading 210.9 Client flow origins1) €615.0m (ADV as of 31/12/2018) Derivatives Cash trading Revenue in 2018 trading 43.9 2.7% 2.1% 0.3% Listing 106.5 FX Spot trading 21.7 7.9% 3.9% 9.4% USA 45.4% Euronext France Technologies Advanced 10.8% and others data services Switzerland 118.3 16.6% 36.1 Custody & United Kingdom Settlement 22.1 Clearing 55.3 The Netherlands Germany Derivatives trading Ireland 1.7% 0.4% 0.1% Belgium 6.7% Portugal EBITDA NET PROFIT EURONEXT HEADCOUNT Others MARGIN MARKET CAP. 28.0% €216.0m 848 29.5% Japan 2) 57.6% €4.5bn (as of 31 Dec. Italy 2018) 14.7% 12.9% 5.7% 2018 financials are audited and include Euronext Dublin for 9 months of consolidation. Oslo Børs VPS not included in this slide Euronext CSR Investor Toolbox 8 1) Both legs of the transaction are counted (double counted) June 2019 2) As of 07/06/19 A STRONG AND DIVERSIFIED COMPANY: REVENUE DRIVERS % of 2018 Group Revenue drivers % of non-vol. related revenue ▪ Initial admission fees based on market capitalization / money raised (capped), fees on money raised for follow-ons (capped) LISTING ▪ Annual fees based on market capitalization / outstanding securities 17% 90% (capped) CASH ▪ Transaction-based fees charged per executed order and based on 34% 0% TRADING value traded DERIVATIVES ▪ Transaction-based fees charged per lot 7% 0% TRADING SPOT FX ▪ Transaction-based fees charged per executed order and based on 4% 0% TRADING value traded INVESTOR ▪ Based on recurring software licence fees n/a 100% SERVICES1) ▪ Fees from the settlement of trades/instructions and the custody of securities at Interbolsa (Portuguese CSD) POST TRADE ▪ Clearing revenue from treasury services and cleared derivatives 13% 28% trades cleared through LCH.Clearnet S.A ▪ Fees charged to data vendors and end users, based on the number of screens MARKET DATA ▪ Licenses for non-display use and historic data and for the 19% 100% distribution to third parties. ▪ Software license fees MARKET ▪ IT services provided to third-party market operators 6% 100% SOLUTIONS ▪ Connection services and data center co-location services based on the numbers of cabinets and technical design All proportions are based on 2018 annual audited figures. Volume-related businesses include IPO fees, cash and derivatives trading and clearing revenue. Follow-ons, bonds and other listing revenues are considered as non-volume related due to their lower volatility. Euronext CSR Investor Toolbox 9 Euronext Dublin contribution – consolidated from Q2 2018 (9 months in 2018), Excluding Oslo Børs VPS June 2019 1) Accounting for Commcise acquired in December 2018, thus not reflected in 2018 figures Capital and Governance EURONEXT SHARE AND CAPITAL STRUCTURE Share price Board of Directors 70 € €64.00 ENX SBF 120 rebased 65 € +227% ▪ 8 seats o/w one third appointed by Reference Shareholders 60 € 55 € ▪ Stéphane Boujnah serves as Chairman of the Managing Board 50 € ▪ More than 63% independent members at the Supervisory Board 45 € ▪ Number of
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