Results Presentation. Half Year Ended 30 November 2018
|
|
- Edward Nichols
- 5 years ago
- Views:
Transcription
1 Results Presentation Half Year Ended 30 November 2018
2 Disclaimer This presentation, prepared by IG Group Holdings plc (the Company ), may contain forward-looking statements about the Company and its subsidiaries (the Group ). Such forward-looking statements can be identified by the use of forwardlooking terminology, including the terms "believes", projects, "estimates", "plans", "anticipates", "targets", "aims", "continues", "expects", "intends", "hopes", "may", "will", "would", "could" or "should" or, in each case, their negative or other various or comparable terminology. Forward-looking statements involve known and unknown risks and uncertainties because they are beyond the Company s control and are based on current beliefs and expectations about future events, including the results of operations, financial condition, liquidity, prospects, growth and strategies facing the Group and the industries in which it operates and the dividend policy of the Company. No assurance can be given that such future results will be achieved; actual events or results may differ materially as a result of risks and uncertainties facing the Company. If the assumptions on which the Company bases its forward-looking statements change, actual results may differ from those expressed in such statements. Forward-looking statements speak only as of the date they are made and the Company undertakes no obligation to update these forward-looking statements. Nothing in this presentation should be construed as a profit forecast. Some numbers and period on period percentages in this presentation have been rounded or adjusted to ensure consistency with the financial statements. This may lead to differences between subtotals and the sum of individual numbers as presented. FY19 relates to the financial year ending 31st May 2019, FY18 relates to the financial year ending 31st May H1 FY19 refers to the half year ending 30th November H1 FY18 refers to the half year ending 30th November
3 Performance highlights Successfully navigating the introduction of the ESMA measures Revenue impact from the ESMA measures was in line with the Group s expectations 69% of ESMA region revenue in Q2 FY19 was generated by clients categorised as Professional Continued growth in revenue outside of the ESMA region Strong performance in Singapore and Japan Loyal client base 51% of H1 FY19 revenue generated by clients who have traded with IG for more than 3 years 3
4 Financial Results and Business Performance 4
5 H1 FY19 results summary Net trading revenue Operating expenses Operating profit Operating profit margin Basic EPS 251.0m 122.1m 112.5m 44.8% 24.9p vs H1 FY18 vs H1 FY17 6% 2% 4% 3% 18% 7% 6.1% points 1.7% points 16% 10% 5 YEAR REVENUE, OPERATING PROFIT AND EPS Underlying 1 REVENUE ( m) OPERATING PROFIT ( m) EARNINGS PER SHARE (p) H1 H2 H1 H H1 H FY15 FY16 FY17 FY18 FY19 FY15 FY16 FY17 FY18 FY19 FY15 FY16 FY17 FY18 FY19 1 FY15 excludes impact of Swiss franc event 5
6 Dividend The Board expects to maintain the 43.2p per share annual dividend until the Group s earnings allow the Company to resume progressive dividends Interim dividend of 12.96p per share 30% of the prior year s total dividend of 43.2p per share 5 YEAR DIVIDEND DIVIDEND PER SHARE (p) 50 Interim Final FY15 FY16 FY17 FY18 FY19 6
7 Revenue trends REVENUE BY REGION ( m) H1 FY19 UK EU 41.8 ESMA Region EMEA ex EU 20.6 APAC 74.1 Rest of World 94.7 OTC Leveraged Nadex 8.4 Share Dealing & Investments 2.5 Group H1 FY Change Reported Underlying (11%) (9%) (29%) (25%) (17%) (14%) 18% 4% 12% 8% 14% 7% (7%) (7%) 15% 39% (6%) Around 1,200 clients previously contracting with an entity in the ESMA region elected to contract with an entity which is not subject to the ESMA measures 7
8 Revenue trends OTC LEVERAGED REVENUE BY ASSET CLASS ( m) H1 FY19 H1 FY18 Change H2 FY18 FY18 Indices % Shares % FX (12%) Commodities (28%) Options (49%) Cryptocurrencies (62%) OTC Leveraged (7%) Indices and Shares represent 66% of OTC leveraged revenue in H1 FY19 FX impacted by lower trading volumes in the ESMA region Options impacted by the ESMA ban on binaries for Retail clients Interest in Cryptocurrencies has waned 8
9 Revenue trends QUARTERLY REVENUE BY REGION ( m) Q2 FY19 Q2 FY18 Change Reported Underlying Q1 FY19 Q1 FY18 Change Reported Underlying UK (14%) (10%) (8%) (7%) EU (41%) (34%) (18%) (16%) ESMA Region (23%) (18%) (12%) (10%) EMEA ex EU % 6% % 2% APAC % 10% % 5% Rest of World % 9% % 4% OTC Leveraged (9%) (9%) (5%) (5%) Nadex % % Share Dealing & Investments % % Group (8%) (5%) ESMA measures in effect throughout Q2 Impact of the ESMA measures, overall, in line with the Group s expectations 9
10 ESMA region Update on Professional client base As at the end of H1 FY19, we had received 22,744 applications, of which 5,675 have been accepted Of those not accepted: 60% continued to trade with IG 40% did not trade with IG APPLICATION STATUS BEHAVIOUR OF CLIENTS NOT ACCEPTED ACTIVE PROFESSIONAL CLIENTS 6,000 5,000 4,000 3,000 EU UK 2,000 25% Accepted 75% Not Accepted 40% Did not trade 1,000 60% Continued to trade 0 Q3 FY18 Q4 FY18 Q1 FY19 Q2 FY19 10
11 ESMA region Revenue and client trends Change REVENUE ( m) ESMA Professional ESMA Retail ESMA Region ACTIVE CLIENTS ( 000) ESMA Professional ESMA Retail ESMA Region H1 FY H1 FY Reported (17%) (15%) Underlying (14%) High quality Professional client base Around 5,500 active clients in H1 FY19 Average revenue per client > 15,000 Revenue per client overall, slightly lower than H1 FY18 REVENUE PER CLIENT ( ) ESMA Professional ESMA Retail 15, Reduction in number of active Retail clients due to ESMA measures ESMA Region 2,190 2,246 (2%) 11
12 ESMA region Revenue and client trends Change Change REVENUE ( m) Q2 FY19 Q2 FY18 Reported Underlying Q1 FY19 Q1 FY18 Reported Underlying ESMA Professional ESMA Retail ESMA Region (23%) (18%) (12%) (10%) ACTIVE CLIENTS ( 000) ESMA Professional ESMA Retail ESMA Region (21%) (13%) REVENUE PER CLIENT ( ) ESMA Professional 8,830 7,841 ESMA Retail ESMA Region 1,311 1,356 (3%) 1,380 1,358 2% Trading activity of Retail clients impacted by the ESMA measures Revenue per Retail client in Q2 down 41% compared with Q1 69% of Q2 ESMA region revenue from Professional clients 12
13 ESMA region Impact of the product intervention measures ESMA REGION REVENUE ( m) Q2 FY19 ESMA REGION REVENUE ( m) Q2 FY18 Reported revenue 67.0 A Reported revenue 87.2 C Revenue from clients now outside ESMA region 4.2 If 5% moved outside ESMA region (4.4) Underlying revenue 71.2 B 82.8 D If 50% Professional (no change) - If 50% Retail (reduced by 34%) (14.1) Expected Post ESMA revenue 68.7 E Actual reduction in ESMA region revenue of 23% (A vs C) Expected underlying reduction 17% (E vs D) Actual underlying reduction 18% (B vs C) 13
14 EMEA ex EU & APAC Revenue and client trends Change EMEA ex EU H1 FY19 H1 FY18 Reported Underlying Revenue ( m) % 4% Active Clients ( 000) % Revenue per client ( ) 3,806 3,540 8% APAC Revenue ( m) % 8% Active Clients ( 000) % Revenue per client ( ) 2,312 2,200 5% Strong performance in Japan, driven by the introduction of new Knockout option product 14
15 Nadex, Share Dealing & Investments Revenue and client trends Nadex Revenue ( m) Active Clients ( 000) Revenue per client ( ) Share Dealing & Investments Revenue ( m) Active Clients ( 000) Revenue per client ( ) H1 FY H1 FY Change 15% (16%) 37% 39% 27% 8% NADEX Reduction in active clients reflects lower marketing spend Improved quality of client base reflected in higher revenue per client SHARE DEALING & INVESTMENTS 27% increase in active clients Multi-product clients Active Clients ( 000) % Multi-product clients increased by 10% 15
16 New client acquisition FIRST TRADES H1 FY19 H1 FY18 Change FY14 CLIENT COHORT REVENUE ESMA region Rest of World OTC Leveraged Revenue generated ( m) 8,300 6,326 14, ,666 6,361 18, (29%) (1%) (19%) (3%) 52m 59m 39m 35m 33m Revenue per new client ( ) 1,492 1,245 20% Continued to on-board new OTC leveraged clients Improvement in new client quality Column1 YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 FY10 CLIENT COHORT REVENUE 34m 31m 31m 29m Column2 Column1 0m YEAR 6 YEAR 7 YEAR 8 YEAR 9 16
17 Our client base Industry leading client tenure, creating sustainable business PROPORTION OF H1 FY19 REVENUE BY CLIENT TENURE 0-6 months 9% 51% of OTC leveraged revenue 39% 0-3 years from clients trading with IG for 6-12 months 12% more than 3 years 1-3 years 3-5 years 28% 14% 61% 3+ years 61% of OTC leveraged revenue generated from ESMA region Professional clients trading with IG for more than 3 years 5+ years 37% OTC LEVERAGED ESMA PROFESSIONAL 17
18 Operating expenses and variable remuneration BY COST TYPE ( m) H1 FY19 H1 FY18 Change BY ACTIVITY CATEGORY ( m) H1 FY19 H1 FY18 Change Fixed remuneration Advertising and Marketing Other costs Depreciation and amortisation Operating expenses % (8%) 3% - 4% Prospect acquisition Sales and client service Technology and innovation Business administration Operating expenses (5%) 5% 9% 9% 4% Share based compensation Sales bonuses % 50% Headcount at period end 1,810 1,579 15% General bonuses (12%) Variable remuneration % Total operating costs % 18
19 Income statement m H1 FY19 H1 FY18 Change m H1 FY19 H1 FY18 Change Net trading revenue Net interest on client money Betting duty and FTT Other operating income Net operating income Operating expenses Variable remuneration Total operating costs Operating profit Operating profit margin (5.9) (122.1) (15.2) (137.3) % (2.7) (117.6) (14.9) (132.5) % (6%) (7%) 4% (18%) (6.1% pts) Operating profit Net finance (cost) / income Profit before taxation Taxation Profit for the year Effective rate of tax Weighted av. number of shares Basic earnings per share Interim dividend per share (21.6) % 367.4m 24.9p 12.96p (0.3) (28.1) % 366.6m 29.5p 9.69p (18%) (17%) (15%) (16%) 19
20 FY19 Outlook Revenue expected to be lower than in FY18 due to ESMA measures and strong H2 FY18 Total operating costs expected to be similar to the 290m in FY18 Net financing costs expected to be 1-2m in H2 FY19 Effective tax rate estimated to be 19.1% 20
21 Key Strengths and Growth Opportunities 21
22 Key strengths Continuity from past success and evolution for the future TECHNOLOGY & INNOVATION BRAND & REPUTATION Champion the client PURPOSE PEOPLE To empower informed, decisive, adventurous people to access opportunities in financial markets BUSINESS MODEL Lead the way CLIENTS STANDING with REGULATORS Love what we do 22
23 Professional client base IG - the natural home for Professional clients Platform designed for sophisticated traders High quality execution Personalised client service Utilising data science to drive decision making Further improvements to Professional client offer Preferred pricing scheme Exclusive new content offer with Real Vision Improved client service SLAs Targeting switchers 23
24 European strategy Mitigating risk, maximising opportunities Licence received from BaFin for IG Europe in September 2018 Brexit mitigation, ensuring we can continue to offer our existing products in all EU member states Provides opportunity to expand the European product set IG Europe will offer a full suite of products to its client base CFDs Launching Options in H2 FY19 Turbo warrants - addressable market 1.6 billion 24
25 European strategy Spectrum to go live May 2019 New trading venue for European clients Built using Existing, scalable technology stack 44 years of history pricing markets and hedging market risk 10 years of experience with Nadex, a CFTC regulated exchange Full control of the value chain Flexibility to innovate new products Low cost trading Better value for shareholders What it delivers for the client New standard in user experience 24/5 trading High quality client support Expand our distribution channels through broker relationships Our Broker Our Venue Our Liquidity provider CONTROL OF THE VALUE CHAIN 25
26 US Retail Foreign Exchange Dealer Significant opportunity in the US OTC FX market The US regulatory landscape has stabilised 90k US Retail traders, with only 3 competitors Licence granted in October 2018 We will offer Spot FX and Options We will compete on Best-in-class technology and customer experience Spreads We will utilise Daily FX, our leading FX news provider Live in January
27 Looking forward Continuity from past success and evolution for the future IG has grown successfully by expanding its core business of providing CFDs to Retail clients Number of Billionaires 1 The market is changing To continue to grow, IG is evolving 4 key areas of opportunity Scalable technology platform Product innovation New markets New distribution channels 27
28 Outlook Continuity from past success and evolution for the future Confident in return to growth after FY19 Interim dividend of pence per share 30% of total FY18 dividend, in line with policy Number of Billionaires 1 The Board expects to maintain the current annual dividend until the Group s earnings allow it to resume progressive dividends 28
29 Q & A For further information, please contact: IG Group Liz Scorer FTI Consulting Ed Berry
30 APPENDICES 30
31 Appendix 1 Own funds OWN FUNDS FLOW ( m) H1 FY19 H1 FY18 MOVEMENT IN OWN FUNDS ( m) H1 FY19 H1 FY18 Operating profit Depreciation and amortisation Share based compensation Change in working capital Own funds generated from operations as % of operating profit Taxes paid Net own funds generated from operations (26.1) % (19.9) (9.5) % (22.2) Net own funds generated from operations Net financing income Investments - Purchase of DailyFX - Capital expenditure - Purchase of own shares Pre-dividend increase in own funds Dividends paid Term loan Increase in own funds Own funds at start of the year Impact of movement in exchange rates Own funds at the end of period (9.6) (1.9) 68.8 (123.3) (3.0) (5.5) (4.6) (84.0) (6.2)
32 Appendix 2 Balance sheet BALANCE SHEET ( m) 30 Nov May 18 AVAILABLE LIQUIDITY ( m) 30 Nov 18 Goodwill Intangible assets Property, plant and equipment Fixed assets Liquid asset buffer Amounts at brokers Cash in IG bank accounts Own funds in client money Liquid assets Short term bank borrowing Client deposits IG Bank SA Title transfer funds Own funds Working capital Tax payable Deferred tax assets and liabilities Capital employed (34.0) (88.9) (36.0) (18.0) (37.0) (89.2) (62.4) (17.6) Liquid assets Broker margin requirement Non-UK cash balances Own funds in client money Available liquidity at end of period of which is: Held as liquid asset buffer Interim dividend due CAPITAL EMPLOYED ( m) Shareholders funds Long term bank borrowings Capital employed (314.5) (176.6) (43.1) Nov May
33 Appendix 3 Revenue analysis FY16 FY17 FY18 FY19 REVENUE ( m) H1 H2 FY H1 H2 FY H1 H2 FY H1 UK EU ESMA Region EMEA ex EU APAC Rest of World OTC Leveraged Nadex Share Dealing & Investments Group FY16 FY17 FY18 FY19 REVENUE ( m) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 UK EU ESMA Region EMEA ex EU APAC Rest of World OTC Leveraged Nadex Share Dealing & Investments Group
34 Appendix 4 Client analysis 1 FY16 FY17 FY18 FY19 ACTIVE CLIENTS ('000) H1 H2 FY H1 H2 FY H1 H2 FY H1 UK EU ESMA Region EMEA ex EU APAC Rest of World OTC Leveraged Nadex Share Dealing & Investments (Multi-product clients) (1.5) (2.1) (2.4) (3.3) (4.3) (5.0) (5.2) (6.0) (6.9) (5.7) Group FY16 FY17 FY18 FY19 ACTIVE CLIENTS ('000) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 UK EU ESMA Region EMEA ex EU APAC Rest of World OTC Leveraged Nadex Share Dealing & Investments (Multi-product clients) (1.3) (1.3) (1.5) (1.8) (2.5) (2.8) (3.3) (3.8) (4.1) (4.6) (5.2) (5.0) (4.9) (4.8) Group Unique clients active in each period 34
35 Appendix 5 Revenue per client analysis FY16 FY17 FY18 FY19 REVENUE PER CLIENT ( ) H1 H2 FY H1 H2 FY H1 H2 FY H1 UK 2,307 2,419 3,710 2,171 2,248 3,446 2,470 2,807 4,166 2,594 EU 1,726 1,788 2,742 1,677 1,660 2,649 1,906 2,093 3,168 1,580 ESMA Region 2,091 2,173 3,340 1,987 2,011 3,140 2,246 2,521 3,769 2,190 EMEA ex EU 1,888 2,596 3,461 3,278 3,537 5,514 3,540 3,797 5,655 3,806 APAC 1,671 1,856 2,879 1,834 1,959 3,051 2,200 2,226 3,543 2,312 Rest of World 1,692 1,940 2,944 2,015 2,172 3,370 2,388 2,444 3,848 2,527 OTC Leveraged 1,966 2,104 3,223 1,995 2,068 3,207 2,290 2,497 3,794 2,311 Nadex Share Dealing & Investments Group 1,818 1,907 2,897 1,722 1,680 2,643 1,767 1,876 2,915 1,700 FY16 FY17 FY18 FY19 REVENUE PER CLIENT ( ) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 UK 1,396 1,436 1,508 1,488 1,220 1,469 1,291 1,430 1,498 1,502 1,694 1,703 1,585 1,593 EU 987 1,135 1,081 1, , ,028 1,147 1,138 1,235 1,283 1, ESMA Region 1,249 1,321 1,344 1,342 1,120 1,320 1,157 1,266 1,358 1,356 1,512 1,533 1,380 1,311 EMEA ex EU 1,006 1,327 1,179 2,079 1,748 2,278 1,989 2,165 2,235 2,077 1,969 2,665 2,234 2,359 APAC 968 1,026 1,129 1, ,188 1,126 1,197 1,316 1,291 1,331 1,308 1,351 1,397 Rest of World 971 1,055 1,135 1,174 1,072 1,325 1,242 1,330 1,443 1,398 1,419 1,489 1,477 1,533 OTC Leveraged 1,161 1,236 1,281 1,290 1,105 1,321 1,182 1,285 1,384 1,369 1,482 1,518 1,414 1,396 Nadex Share Dealing & Investments Group 1,085 1,149 1,185 1, , ,035 1,082 1,038 1,104 1,
36 Appendix 6 Regulatory capital m Shareholders funds Less foreseeable declared dividends Less goodwill Less intangible assets Less deferred tax assets Capital resources Pillar 1 Risk Exposure Amounts (REA) Total Pillar 1 REA Capital ratio Required capital ratio Pillar 1 minimum Individual Capital Guidance (ICG) ICG requirement Plus combined buffer requirement Total requirement % Total requirement - m Capital headroom - m 30 Nov (47.7) (108.1) (45.5) (8.4) , % 8.0% 9.4% 17.4% 2.8% 20.2% Nov 17 Workings (35.6) (107.8) (46.2) (8.6) A 1,951.8 B 28.3% A / B = C 8.0% D 9.4% E 17.4% D + E = F 1.6% G 19.0% F + G = H H x B = I A - I 36
37 Appendix 7 Revenue optimisation REVENUE VARIABILITY 1 ( m) Revenue 3.0 Coefficient Daily revenue (60 day roll avg) Coefficient of variability (60 day roll avg) Excluding impact of Swiss franc event (Jan 15) 37
Results Presentation. Full Year Ended 31 st May 2018
Results Presentation Full Year Ended 31 st May 2018 Disclaimer This presentation, prepared by IG Group Holdings plc (the Company ), may contain forward-looking statements about the Company. Such forward-looking
More informationIG GROUP HOLDINGS PLC Interim results for the six months ended 30 November January 2019
LEI No: 2138003A5Q1M7ANOUD76 IG GROUP HOLDINGS PLC Interim results for the 30 November 2018 22 January 2019 IG Group Holdings plc ( IG, the Group, the Company ), a global leader in online trading, today
More informationRESULTS PRESENTATION. Year ended 31 May 2014 IG FY14 RESULTS PRESENTATION P1
RESULTS PRESENTATION Year ended 31 May 2014 IG FY14 RESULTS PRESENTATION P1 DISCLAIMER This presentation, prepared by IG Group Holdings plc (the Company ), may contain forward-looking statements about
More informationLEI No: A5Q1M7ANOUD76 IG GROUP HOLDINGS PLC Interim Results for the six months ended 30 November January 2018
LEI No: 2138003A5Q1M7ANOUD76 IG GROUP HOLDINGS PLC Interim Results for the six months ended 30 November 2017 23 January 2018 IG Group Holdings plc ( IG, the Group, the Company ), a global leader in online
More informationResults presentation. Year ended 31 May Tim Howkins, CEO Matt Tooth, Interim Finance Director
Results presentation Year ended 31 May 2010 Tim Howkins, CEO Matt Tooth, Interim Finance Director Disclaimer This presentation, prepared by IG Group Holdings plc (the Company ), may contain forward-looking
More informationRESULTS PRESENTATION. Year ended 31 May 2015 IG FY15 RESULTS PRESENTATION P1
RESULTS PRESENTATION Year ended 31 May 215 IG FY15 RESULTS PRESENTATION P1 DISCLAIMER This presentation, prepared by IG Group Holdings plc (the Company ), may contain forward-looking statements about the
More informationResults presentation. Year ended 31 March 2016
Results presentation Year ended 31 March 2016 Introduction Peter Cruddas - Group Chief Executive Officer Introduction Key Highlights Successful IPO Strong growth across all key metrics and significant
More informationResults presentation. Half year ended 30 September 2017
Results presentation Half year ended 30 September 2017 Agenda 1 Key highlights 2 Financials 3 Regulation 4 Strategic progress 5 Q&A H1 2018 Analyst presentation ǀ Pg 2 Key highlights Net operating income
More informationFY15 relates to the financial year ending 31st May H1 FY16 refers to the half year ended 30th November 2015.
This presentation, prepared by IG Group Holdings plc (the Company ), may contain forward-looking statements about the Company. Forward-looking statements involve uncertainties because they relate to events,
More informationIG GROUP HOLDINGS PLC Results for the year ended 31 May July 2017
IG GROUP HOLDINGS PLC Results for the year ended 18 July 2017 IG Group Holdings plc ( IG, the Group, the Company ), a global leader in online trading, today announces results for the year ended. Financial
More informationIG GROUP HOLDINGS PLC Interim Results for the six months ended 30 November January 2017
IG GROUP HOLDINGS PLC Interim Results for the six months ended 30 November 2016 24 January 2017 IG Group Holdings plc ( IG, the Group, the Company ), a global leader in online trading, today announces
More informationAMSTERDAM - NEW YORK - SINGAPORE - CLUJ
Analyst presentation Q2 2016 earnings AMSTERDAM - NEW YORK - SINGAPORE - CLUJ Disclaimer This presentation is prepared by Flow Traders N.V. and is for information purposes only and the material contained
More informationYear ended 31 March 2017
Year ended 31 March 2017 Agenda 1 Introduction 2 Progress on strategic pillars 3 Financials 4 Summary 5 Q&A 2017 Analyst presentation ǀ Pg 2 Introduction Key highlights Delivering on strategic initiatives
More informationFlow Traders N.V. 1Q 2016 AMSTERDA M - NEW YORK - SINGAP O R E - CLUJ
Flow Traders N.V. 1Q 2016 AMSTERDA M - NEW YORK - SINGAP O R E - CLUJ Disclaimer This presentation is prepared by Flow Traders N.V. and is for information purposes only. It is not a recommendation to engage
More informationFlow Traders. Investor Presentation 3Q 2016 results. Flow Traders
Flow Traders Investor Presentation 3Q 2016 results Disclaimer This presentation is prepared by Flow Traders N.V. and is for information purposes only and the material contained in this document is provided
More informationInterim Results for the 6 months to 30 September NOVEMBER 2010
Interim Results for the 6 months to 30 September 2010 8 NOVEMBER 2010 Nick Robertson Introduction Strong H1 Retail sales up 50%, group revenues up 45% Strong UK and international retail sales, up 26% and
More informationResults presentation. For the year ended 31 March 2014
Results presentation For the year ended 31 March 214 The year in review 2 Improving operating environment Results impacted by strength of sterling against other operating currencies Equity markets Interest
More informationContinuing operational delivery and progress implementing strategy QinetiQ Group plc Interim results for half year ended 30 September 2016
Continuing operational delivery and progress implementing strategy QinetiQ Group plc Interim results for half year ended 30 September 2016 17 November 2016 Introduction Steve Wadey Chief Executive Officer
More informationH1 16 interim results. 22 September 2015
H1 16 interim results 22 September 2015 Important notice 2 This presentation may include certain forward-looking statements, beliefs or opinions, including statements with respect to the Company s business,
More informationQ3 and Nine Months 2018 Results. October 2018
Q3 and Nine Months 2018 Results October 2018 1 SAFE HARBOR STATEMENT Forward Looking Statements In addition to historical information, this earnings presentation contains "forward-looking" statements that
More informationInvestor pre-close briefing. 14 March
Investor pre-close briefing 14 March Proviso Please note that matters discussed in today s presentation may contain forward looking statements which are subject to various risks and uncertainties and other
More informationIG GROUP HOLDINGS PLC
IG GROUP HOLDINGS PLC Preliminary results for the year ended 21 July 2015 IG Group Holdings plc ( IG or the Group ) today announces results for the year ended. Operating and financial summary Good growth
More informationEarnings Presentation. Fourth Quarter 2017
Earnings Presentation Fourth Quarter 207 February 8, 208 Disclaimer Cautionary Statement Regarding Forward Looking Statements This presentation may contain forward-looking statements made pursuant to the
More informationIQ 2018 RESULTS PRESENTATION
IQ 2018 RESULTS PRESENTATION 10 MAY 2018 AGENDA Financial data Operational data Market environment Regulatory environment Appendix 2 FINANCIAL DATA FINANCIAL DATA Financial consolidated highlights (in
More informationPreliminary Results. 22nd February 2018
Preliminary Results 22nd February 2018 Mark Lewis Chief Executive Officer Matthew Price Chief Financial Officer Full year themes Diversified business delivering stable returns Doing a great job for our
More informationFoxtons Interim results presentation For the period ended 30 June 2018
Foxtons Interim results presentation For the period ended 30 June 2018 Important information This presentation includes statements that are, or may be deemed to be, forward-looking statements. These forward-looking
More information2017 Interim Results. 14 September 2017
2017 Interim Results 14 September 2017 1 Disclaimer NOT FOR PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT
More informationFull year results presentation. 22 May 2018
Full year results presentation 22 May 2018 Operational highlights Fundraising and capital deployment at record levels 2 Total AUM up 20% to 28.7bn, with 7.8bn of new money raised Fundraising driven by
More informationFY16 YEAR END RESULTS 5 APRIL 2016
FY16 YEAR END RESULTS 5 APRIL 2016 DEFINITIONS AND IMPORTANT NOTICE The following definitions apply throughout Trading EBITDA (earnings before interest, tax, depreciation and amortisation): excludes exceptional
More informationCMC MARKETS PLC Interim results for the six months ended 30 September 2017 Pre-tax profit up 58% on high value client business
23 November For the six months ended million (unless otherwise stated) CMC MARKETS PLC Interim results for the six months ended Pre-tax profit up 58% on high value client business 2016 Change Net operating
More informationH Interim Results 31 August 2017
H1 2017 Interim Results 31 August 2017 Disclaimer The following presentation is being made only to, and is only directed at, persons to whom such presentation may lawfully be communicated ( relevant persons
More informationHigh trading volumes & revenue capture resulting in NTI of 70.5m
2 Results AMSTERDAM - NEW YORK - SINGAPORE - CLUJ Disclaimer This presentation is prepared by Flow Traders N.V. and is for information purposes only and the material contained in this document is provided
More informationFull year results presentation Year ended 31 March June 2018
Full year results presentation Year ended 31 March 2018 7 June 2018 Disclaimer Not for publication, transmission, distribution or release, directly or indirectly, in or into any jurisdiction in which the
More informationFLOW TRADERS REPORTS RESILIENT PERFORMANCE IN SLOW MARKET CONDITIONS
For immediate release FLOW TRADERS REPORTS RESILIENT PERFORMANCE IN SLOW MARKET CONDITIONS Amsterdam, the Netherlands, 17 May 2017 - Flow Traders N.V. (Euronext: FLOW) today released its unaudited 1Q 2017
More informationFLOW TRADERS CONTINUES TO GROW ITS MARKET FOOTPRINT AND TO ROLL OUT STRUCTURAL GROWTH STRATEGY
For immediate release FLOW TRADERS CONTINUES TO GROW ITS MARKET FOOTPRINT AND TO ROLL OUT STRUCTURAL GROWTH STRATEGY Amsterdam, the Netherlands, 24 October 2017, 07:30 hrs Amsterdam Time - Flow Traders
More informationInvestor Views on Investment and Borrowing
Investor Views on Investment and Borrowing Highlights from the : Highlighted findings Survey conducted: July - August 2014 Report released: November 2014 Reproduction strictly prohibited Copyright Pty
More informationFinancial and Operating Results. Second Quarter and First Half 2016
Financial and Operating Results Second Quarter and First Half 2016 August 2016 Safe Harbor Statement Forward Looking Statements In addition to historical information, this earnings presentation contains
More informationAVEVA Group plc. Results for the year ended 31 March May 2015
AVEVA Group plc Results for the year ended 31 March 2015 19 May 2015 This presentation may include predictions, estimates, intentions, beliefs and other statements that are or may be construed as being
More informationCMC MARKETS PLC Final results for the year ended 31 March 2017
8 June 2017 CMC MARKETS PLC Final results for the year ended 31 March 2017 Delivering on client growth and strategic initiatives despite lower client trading activity million (unless otherwise stated)
More informationAgenda. Group highlights. Strategy update. Financial review. Outlook Full Year Results
FY 2017 Results Agenda Group highlights Strategy update Financial review Outlook 2 Group highlights Profit before tax up 45.4% to 14.1m (FY 2016: 9.7m) Diluted EPS up 48.2% to 30.94p (FY 2016: 20.88p)
More informationInterim results. for the six months to 30 September Company Registration Number
Interim results for the six months to 30 September 2018 Company Registration Number 01892751 Contents 01 Highlights 02 Chief Executive review 05 Our integrated core services 07 IFRS 8 reporting change
More informationPolypipe Group PLC. Interim results, August 2018
Polypipe Group PLC Interim results, August 2018 Agenda 1 2 3 4 INTRODUCTION FINANCIAL REVIEW BUSINESS REVIEW SUMMARY & OUTLOOK Highlights Group revenue 0.1% higher despite adverse weather and mixed market
More informationUnsaved Document / 9/18/2010 / 13:49. Proposed Acquisition of GAIN Capital Holdings, Inc. April 9, 2013
Unsaved Document / 9/18/2010 / 13:49 Proposed Acquisition of GAIN Capital Holdings, Inc. April 9, 2013 Disclaimer This presentation contains forward-looking statements within the meaning of Section 27A
More informationInterim Results. 19 July 2018
Interim Results 19 July 2018 Mark Lewis Chief Executive Officer Trading in line with expectations, good progress on strategy Trading in line with expectations Helped households save 1.1bn Continued strong
More informationPremier Farnell plc 13 September Results for the Second Quarter and First Half of the 53 week financial year ending 3 February 2013.
Premier Farnell plc 13 September 2012 Results for the Second Quarter and First Half of the 53 week financial year ending 3 February 2013 Key Financials Continuing operations (unaudited) Q2 12/13 Q2 11/12
More informationFoxtons Preliminary results presentation For the year ended December 2018
Foxtons Preliminary results presentation For the year ended December 2018 Important information This presentation includes statements that are, or may be deemed to be, forward-looking statements. These
More informationPolypipe Group plc Interim Results
Polypipe Group plc Interim Results 6 months to 30 June 2017 Disclaimer The information contained in this presentation has not been independently verified and this presentation contains various forward-looking
More information2017 half year results investor presentation
2017 half year results investor presentation 27 February 2017 contents section presenting slide CEO presentation Julian Ogrin 3 broadband 10 CFO presentation Leanne Wolski 14 summary Julian Ogrin 21 appendix
More informationInvestor & Analyst Presentation Ful YearResults 30 June2016 For personal use only 25th August 2016 Rebekah O Flaherty - CEO I Jonathan Kenny - CFO
Investor & Analyst Presentation Full YearResults 30 June2016 25th August 2016 Rebekah O Flaherty - CEO I Jonathan Kenny - CFO Agenda 1 Overview 2 Strategic Priorities 3 FY16 Financial Results 4 FY17 Outlook
More informationSandler O Neill Conference
Sandler O Neill Conference June 2015 Disclaimer This presentation contains forward-looking statements that are based on current expectations, forecasts and projections, including (but not limited to) expected
More informationResults for the twelve months ended 31 December 2017 London Stock Exchange Symbol: PLUS
Results for the twelve months ended 31 December 2017 London Stock Exchange Symbol: PLUS Record Full Year Results (FY 2017) Plus500 in numbers: $437.2m $199.7m $259.2m 246,946 317,175 Revenues (+33% Growth)
More informationAshmore Group plc. Results for six months ending 31 December February
Ashmore Group plc Results for six months ending 31 December 2017 8 February 2018 www.ashmoregroup.com Overview Accelerating growth and outperformance across Emerging Markets GDP growth driven by exports,
More informationCME Group 3Q 2015 Earnings Conference Call
CME Group 3Q 2015 Earnings Conference Call October 29, 2015 Forward Looking Statements Statements in this presentation that are not historical facts are forward-looking statements. These statements are
More informationYear-end results. 18 May
Year-end results 18 May Highlights for the year Strong operational performance Good performance across all areas of activity Deepened our core franchise Sound levels of corporate client and private client
More informationFirst ever quarter with over 200m Gross Profit
11 July 2018 and H1 2018 Trading Update Steve Ingham Kelvin Stagg Chief Executive Officer Chief Financial Officer First ever quarter with over 200m Gross Profit LSE: PAGE.L Website: http://www.page.com/investors
More information2017 Half-Year Results
2017 Half-Year Results Martin Earp, CEO Josée Lemoine, CFO 16 August 2017 Financials Pillars of Growth Summary of Performance H1 2017 Sales Revenue $218.2m 1.7% Demographics Deaths 1 2.8% Australia $44.1m
More information31 March 2018 Audited Preliminary Results. 6 June 2018
31 March 2018 Audited Preliminary Results 6 June 2018 1 Presentation Team Euan Fraser Chief Executive Officer Stuart McNulty UK Chief Executive Officer John Paton Chief Financial Officer Has led Alpha
More informationRELX Group interim results 2017 Erik Engstrom, CEO Nick Luff, CFO
RELX Group interim results Erik Engstrom, CEO Nick Luff, CFO FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements within the meaning of Section 27A of the US Securities Act
More informationHALF YEAR RESULTS PRESENTATION 2018 RESULTS FOR THE SIX MONTHS ENDED 31 MAY 2018
HALF YEAR RESULTS PRESENTATION 2018 RESULTS FOR THE SIX MONTHS ENDED 31 MAY 2018 2018 Overview Encouraging first half performance with accelerated momentum in Q2 Adjusted operating profit +6% to 20.4m
More informationACQUISITION OF FASTMATCH
ACQUISITION OF FASTMATCH Expanding into a new asset class with the acquisition of a high-growth disruptive player in the FX marketplace 23 May, 2017 KEY HIGHLIGHTS OF THE TRANSACTION Transaction Overview
More informationEarnings Presentation. Third Quarter 2017
Earnings Presentation Third Quarter 2017 November 7, 2017 Disclaimer Cautionary Statement Regarding Forward Looking Statements This presentation may contain forward-looking statements made pursuant to
More informationHalf-yearly results for six months ended 30 September November 2016
Half-yearly results for six months ended 30 September 2016 9 November 2016 2016 Experian plc. All rights reserved. Experian and the marks used herein are service marks or registered trademarks of Experian
More informationTELECONFERENCE FY 2014 FINANCIAL RESULTS
TELECONFERENCE FY 2014 FINANCIAL RESULTS 10:00 CET, 17 February 2015 1 DISCLAIMER Certain statements in this presentation constitute forward-looking statements. Forward-looking statements are statements
More informationZEBRA TECHNOLOGIES FIRST QUARTER 2016 RESULTS May 10, 2016
ZEBRA TECHNOLOGIES FIRST QUARTER 2016 RESULTS May 10, 2016 Anders Gustafsson Chief Executive Officer Mike Smiley Chief Financial Officer 2 Safe Harbor Statement Statements made in this presentation which
More informationSGX reports 2Q FY2019 net profit of S$97 million
News Release 24 January 2019 SGX reports FY2019 net profit of S$97 million FY2019 Financial Summary Revenue: S$224 million, up 9% from a year earlier Operating profit: S$114 million, up 10% Net profit:
More informationResults for the first quarter to 31 March 2013
Results for the first quarter to 31 March 2013 Key messages Progress towards delivering financial targets 32.9% improvement in operating profit 1 98.0% combined operating ratio 1 RoTE of 12.3% 2 Competitive
More informationTWELVE MONTHS END 31 MARCH 2018 MARCO GOBBETTI
TWELVE MONTHS END 31 MARCH 2018 MARCO GOBBETTI CHIEF EXECUTIVE OFFICER 1 AGENDA INTRODUCTION FINANCIAL RESULTS GUIDANCE STRATEGIC UPDATE Q&A FY 2018 HIGHLIGHTS Results in line with our expectations Group
More information2013 Second Quarter Results ING posts underlying net profit of EUR 942 million
2013 Second Quarter Results ING posts underlying net profit of EUR 942 million Jan Hommen CEO Amsterdam 7 August 2013 www.ing.com Key points Good progress on restructuring U.S. IPO launched Double leverage
More informationINTERIM RESULTS PRESENTATION Strong start to the year, with a strong order book for the second half of September 2017
INTERIM RESULTS PRESENTATION Strong start to the year, with a strong order book for the second half of 2017 11 September 2017 AGENDA Introduction and highlights John Hornby Financial review David Main
More information1Q 2017 Results Presentation. May 2017
1Q 2017 Results Presentation May 2017 Disclaimer Neither this presentation (the Presentation ) nor any copy of it nor the information contained herein is being issued or may be distributed directly or
More information2015 Half Year Results Presentation 25 November 2014
05 Half Year Results Presentation 5 November 04 Disclaimer This presentation includes statements that are, or may be deemed to be, forward-looking statements. These forward-looking statements can be identified
More informationPolypipe Group plc Full Year Results
Polypipe Group plc Full Year Results Year ended 31 December 2016 Disclaimer The information contained in this presentation has not been independently verified and this presentation contains various forward-looking
More informationIG Group plc. Full Year Results. Tuesday 18 th July Paul Mainwaring, Chief Financial Officer
IG Group plc Full Year Results Tuesday 18 th July 2017 Paul Mainwaring, Chief Financial Officer Good morning everyone, and welcome to the IG results presentation for the year to 31 May 2017. I'm going
More informationAn introduction. May 2018
An introduction May 2018 Our strategy To grow our specialist asset management activities 2 Invest selectively Grow assets under management Manage portfolios to maximise value Generate strong shareholder
More informationHSBC Holdings plc Annual Results
HSBC Holdings plc Forward-looking statements This presentation and subsequent discussion may contain certain forward-looking statements with respect to the financial condition, results of operations and
More informationRevenue 167.5m 177.2m EBITDA 18.1m 22.9m Operating profit 9.5m 13.7m Profit before tax 7.6m 12.2m
HALF-YEARLY REPORT 2012 Financial Highlights Continuing operations before operational restructuring costs and asset impairments: Half year ended Half year ended 30 June 2012 30 June 2011 Revenue 167.5m
More informationForward-looking statements
Forward-looking statements Except for the historical information contained herein, the matters discussed in this statement include forward-looking statements. In particular, all statements that express
More informationTechKnow Conference Sydney, 30 October Melbourne, 1 November ASX: SKF
TechKnow Conference Sydney, 30 October Melbourne, 1 November ASX: SKF www.skyfii.io Omnidata intelligence is the practice of analysing multiple data sets to create a complete understanding of experiences
More informationYouGov plc. Results in line with expectations
YouGov plc Solid progress in challenging market conditions Results in line with expectations Interim results to Interim results to 31 January 2010 Overview Continuing challenging period for the market
More informationQ4 & FY18 Earnings Results. October 18, 2018
Q4 & FY18 Earnings Results October 18, 2018 FORWARD-LOOKING STATEMENTS Historical financial and operating data in this presentation reflect the consolidated results of WD-40 Company, its subsidiaries and
More informationBOARD OF DIRECTORS. James Flude Chief Financial Officer. Peter Cheung Executive Chairman. Steve Crossley Chief Executive Officer
ANNUAL GENERAL MEETING YEAR ENDED 30 APRIL 2016 SEPTEMBER 2016 BOARD OF DIRECTORS Peter Cheung Executive Chairman Steve Crossley Chief Executive Officer James Flude Chief Financial Officer Joanne Lake
More informationInterim results 6 months ended 31 July September 2018
Interim results 6 months ended 31 July 2018 25 September 2018 1 Forward-looking statements This presentation contains certain forward-looking statements with respect to the financial condition, results
More informationFREQUENTLY ASKED QUESTIONS
27 March 2018 ESMA71-98-125 FREQUENTLY ASKED QUESTIONS ESMA s product intervention measures in relation to CFDs and binary options offered to retail investors ESMA s Product Intervention Measures ESMA
More informationFixed Income Investor Presentation. August 2, 2016
Fixed Income Investor Presentation August 2, 206 Cautionary Note on Forward-Looking Statements This presentation may include forward-looking statements. These statements are not historical facts, but instead
More informationPolypipe Group PLC. Full Year Results Year ended 31 December 2017
Polypipe Group PLC Full Year Results Year ended 31 December 2017 Agenda 1 2 3 4 5 INTRODUCTION FINANCIAL REVIEW BUSINESS REVIEW STRATEGY SUMMARY & OUTLOOK Introduction Record performance in 2017 in line
More informationHalf-Year 2016 Results Presentation
Half-Year 2016 Results Presentation ASX Limited Elmer Funke Kupper Peter Hiom 11 February 2016 Disclaimer The material contained in this document is a presentation of general information about the ASX
More informationFY15 RESULTS 17/12/2015 1
FY15 RESULTS 17/12/2015 1 Agenda FY15 Progress Jayne-Anne Gadhia, Chief Executive Financial Results Dave Dyer, Chief Financial Officer Looking Forward Jayne-Anne Gadhia, Chief Executive 2 A low risk, mainstream,
More informationAshmore Group plc. Results for year ending 30 June September
Ashmore Group plc Results for year ending 30 June 2018 7 September 2018 www.ashmoregroup.com Overview Strong operating and financial performance Active investment continues to produce outperformance (94%
More informationDevelopment of the Client-Focused, Capital-Efficient Business Model
Development of the Client-Focused, Capital-Efficient Business Model David Mathers, Chief Operating Officer, Investment Bank at the UBS Financial Services Conference, New York, May 12, 2010 Cautionary statement
More informationPress Release Schroders plc Full-year results 1 March 2018
Press Release Schroders plc Full-year results 1 March 2018 Profit before tax and exceptional items* up 24% to 800.3 million (2016: 644.7 million) Profit before tax up 23% to 760.2 million (2016: 618.1
More informationElectrocomponents plc ANNOUNCEMENT OF INTERIM RESULTS
Electrocomponents plc ANNOUNCEMENT OF INTERIM RESULTS HALF YEAR ENDED 30 SEPTEMBER 2010 12 NOVEMBER 2010 DELIVERING FOR OUR CUSTOMERS Agenda Overview and current trading Ian Mason Financial performance
More informationMSCI. J.P. Morgan Global High Yield & Leveraged Finance Conference Kathleen Winters, CFO. February 28, 2017
MSCI J.P. Morgan Global High Yield & Leveraged Finance Conference Kathleen Winters, CFO February 28, 2017 2017 MSCI Inc. All rights reserved. Please refer to the disclaimer at the end of this document.
More informationAgenda. Results Presentation 21 August Appendices 1 to
Results Presentation 21 August 2018 45 Agenda Results Presentation 21 August 2018 Page Highlights 1 Strategy 2 Review of operations 3 Outlook 12 Financial review 14 Summary 26 Appendices 1 to 10 27-43
More informationINTERIM RESULTS Half Year Ended 30 June 2016
INTERIM RESULTS Half Year Ended 30 June 2016 4 August 2016 Disclaimer Certain statements included or incorporated by reference within this presentation may constitute "forward looking statements" in respect
More informationInternational Personal Finance plc
International Personal Finance plc Debt provider presentation September 2017 International Personal Finance plc International consumer finance provider with good profit and returns, and strong balance
More informationHalf-yearly results for six months ended 30 September November 2015
Half-yearly results for six months ended 30 September 2015 10 November 2015 2015 Experian plc. All rights reserved. Experian and the marks used herein are service marks or registered trademarks of Experian
More informationFor personal use only
FY16 RESULTS BRIEFING H U G H M A R K S C H I E F E X E C U T I V E O F F I C E R G R E G B A R N E S C H I E F F I N A N C I A L O F F I C E R M I C H A E L S T E P H E N S O N C H I E F S A L E S O F
More informationPress Release Schroders plc Half-year results to 30 June 2018 (unaudited) 26 July 2018
Press Release Schroders plc Half-year results to 30 June 2018 (unaudited) 26 July 2018 Net income before exceptional items up 11% to 1,086.1 million (H1 2017: 974.4 million) Profit before tax and exceptional
More informationMAISONS DU MONDE: FULL-YEAR 2017 RESULTS
PRESS RELEASE MAISONS DU MONDE: FULL-YEAR 2017 RESULTS Very good performance across the board, in line with targets Solid sales growth and profitability Excellent free cash flow generation and strong deleveraging
More informationInterim Results for the period ending 30 th September 2015
Interim Results for the period ending 30 th September 2015 10 th Nov 2015 Russell Down, Chief Executive Overview Challenging and disappointing start to the year Review identified: Poor execution of business
More information