Moscow Exchange Financial Growth Presentation
2019 summary of financials
Operating income
RUB bln
Fee and commission income¹
Interest and finance income²
+7%
X%
CAGR '14-19
Operating expenses (excluding provisions)
RUB bln
Remaining administrative expenses³
Personnel expenses
D&A and IT maintenance
Cost-to-income ratio
34.9%
36.2%
35.7%
34.1%
24.5% 28.1%
+8%
46.0
43.6
43.2
38.5
39.9
30.4
39%
61%
54%
40%
45%
47%
+8%
+7%
14.5
15.4
12.3
13.4
10.4
11.3
53%
39%
46%
55%
60%
61%
2.9
3.0
3.1
3.2
3.4
3.4
5.4
5.8
5.9
6.2
6.5
7.1
2.1
2.5
3.3
4.1
4.5
4.9
2014
2015
2016
2017
2018
2019
2014
2015
2016
2017
2018
2019
EBITDA and EBITDA margin
Net income
RUB bln
Adjusted EBITDA margin
72.0%
Adjustments4
Reported EBITDA
71.1%
79.4%
77.1%
72.8% 71.9%
27.4%
18.8%
+8%
+7%
+9%
+7%
36.5
33.6
28.7
31.1
27.9
28.1
25.2
21.6
1.0
2.4
20.8
22.1
20.3
16.0
1.0
1.9
RUB bln
Adjustments5
Reported net income
21.4%
Adjusted ROE
16.8% 17.1%
17.5%
2014
2015
2016
2017
2018
2019
2014
2015
2016
2017
2018
2019
Source: Moscow Exchange
1
Includes Other operating income
2
☑
MOSCOW 3
EXCHANGE
Includes Interest and other finance income, Interest expense, Net gain on financial assets AFS/FVTOCI and Foreign exchange gains less losses
Remaining administrative expenses are calculated as General and administrative expenses less Depreciation of property and equipment, Amortisation of
intangible assets and Equipment and intangible assets maintenance
38
4
5
Adjustments are related to 1) IFRS 9 movement in allowance for ECLS and 2) one-off provisions in FY 2018 and FY 2019
Adjustments are related to 1) IFRS 9 movement in allowance for ECLS, 2) change in amortization schedules and 3) one-off provisions in FY 2018 and FY
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