Cboe Results Presentation Deck
Cautionary Statements Regarding
Forward-Looking Information
C'boe
This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve a number of risks and
uncertainties. You can identify these statements by forward-looking words such as "may," "might," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict,"
"potential" or "continue," and the negative of these terms and other comparable terminology. All statements that reflect our expectations, assumptions or projections
about the future other than statements of historical fact are forward-looking statements. These forward-looking statements, which are subject to known and unknown
risks, uncertainties and assumptions about us, may include projections of our future financial performance based on our growth strategies and anticipated trends in our
business. These statements are only predictions based on our current expectations and projections about future events. There are important factors that could cause our
actual results, level of activity, performance or achievements to differ materially from those expressed or implied by the forward-looking statements.
We operate in a very competitive and rapidly changing environment. New risks and uncertainties emerge from time to time, and it is not possible to predict all risks and
uncertainties, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ
materially from those contained in any forward-looking statements.
Some factors that could cause actual results to differ include: the impact of the novel coronavirus ("COVID-19") pandemic, including changes to trading behavior broadly in
the market; the loss of our right to exclusively list and trade certain index options and futures products; economic, political and market conditions; compliance with legal
and regulatory obligations; price competition and consolidation in our industry; decreases in trading or clearing volumes, market data fees or a shift in the mix of products
traded on our exchanges; legislative or regulatory changes; our ability to protect our systems and communication networks from security risks, cybersecurity risks, insider
threats and unauthorized disclosure of confidential information; increasing competition by foreign and domestic entities; our dependence on and exposure to risk from third
parties; fluctuations to currency exchange rates; our index providers' ability to maintain the quality and integrity of their indices and to perform under our agreements; our
ability to operate our business without violating the intellectual property rights of others and the costs associated with protecting our intellectual property rights; our ability
to attract and retain skilled management and other personnel; our ability to minimize the risks, including our credit and default risks, associated with operating a European
clearinghouse; our ability to accommodate trading and clearing volume and transaction traffic, including significant increases, without failure or degradation of
performance of our systems; misconduct by those who use our markets or our products or for whom we clear transactions; challenges to our use of open source software
code; our ability to meet our compliance obligations, including managing potential conflicts between our regulatory responsibilities and our for-profit status; damage to our
reputation; the ability of our compliance and risk management methods to effectively monitor and manage our risks; our ability to manage our growth and strategic
acquisitions or alliances effectively; restrictions imposed by our debt obligations and our ability to make payments on or refinance our debt obligations; our ability to
maintain an investment grade credit rating; impairment of our goodwill, long-lived assets, investments or intangible assets; and the accuracy of our estimates and
expectations. More detailed information about factors that may affect our actual results to differ may be found in our filings with the SEC, including in our Annual Report on
Form 10-K for the year ended December 31, 2019 and other filings made from time to time with the SEC.
We do not undertake, and we expressly disclaim, any duty to update any forward-looking statement whether as a result of new information, future events or otherwise,
except as required by law. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof.
This presentation includes market share, financials and industry data that we obtained from industry publications and surveys, reports of governmental agencies, third-
parties and internal company surveys. Industry publications and surveys generally state that the information they contain has been obtained from sources believed to be
reliable, but we cannot assure you that this information is accurate or complete. We have not independently verified any of the data and financials from third-party sources
nor have we ascertained the underlying economic assumptions relied upon therein. Statements as to our market position are based on the most currently available market
data. While we are not aware of any misstatements regarding industry data and financials presented herein, our estimates involve risks and uncertainties and are subject to
change based on various factors.
Trademarks: Cboe®, Cboe Global Markets®, Cboe Volatility Index®, Bats®, BIDS Trading®, BZXⓇ, BYXⓇ, EDGXⓇ, EDGAⓇ, EuroCCP®, MATCHNow®, and VIX® are registered
trademarks of Cboe Global Markets, Inc. and its subsidiaries. All other trademarks and service marks are the property of their respective owners.
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