Moscow Exchange Financial Growth Presentation
3Q 2020 summary of financials
Operating income¹
RUB bln
Fee and commission income
Interest and finance income
Operating expenses (excl. other operating expenses)
RUB bln
D&A and IT maintenance
Cost-to-income ratio
Remaining administrative expenses²
Personnel expenses
35.4%
36.2%
34.4%
30.7%
37.3%
+6.0%
-6.0%
12.0
12.0
10.7
11.2
11.3
+11.8%
+2.0%
33%
33%
26%
36%
40%
4.0
4.1
4.2
3.8
3.7
0.8
1.0
0.7
0.9
0.8
60%
64%
67%
67%
74%
1.8
1.8
1.8
2.1
2.2
1.2
1.3
1.2
1.2
1.2
3Q 2019 4Q 2019 1Q 2020 2Q 2020
3Q 2020
3Q 2019
4Q 2019
1Q 2020
2Q 2020
3Q 2020
EBITDA and EBITDA margin
Net income
RUB bln
Adjusted EBITDA margin
Adjustments³
RUB bln
Adjusted ROE
Reported EBITDA = PBT + D&A
76.0%
Adjustments³
Reported net income
19.8%
19.3%
18.1%
17.7%
17.4%
72.5%
72.2%
72.4%
70.2%
7.7
0.1
+1.8%
+2.6%
-8.9%
8.1
9.1
0.9
8.7
6.6
6.3
7.9
5.5
5.7
0.7
0.1
0.1
-11.1%
5.6
0.0
3Q 2019
-0.1
4Q 2019
1Q 2020
-0.6
2Q 2020
3Q 2020
-0.1
-0.5
3Q 2019
4Q 2019
1Q 2020
2Q 2020
3Q 2020
Source: Moscow Exchange
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MOSCOW
1
EXCHANGE
2
3
Includes Other operating income, Interest and other finance income, Interest expense, Net gain on financial assets FVTOCI and Foreign exchange gains less losses
Includes Remaining administrative expenses are calculated as General and administrative expenses less D&A and Equipment and intangible assets maintenance 43
Adjustments are related to 1) IFRS 9 movement in allowance for ECLS and 2) one-off provisions' accrual/releaseView entire presentation