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Knight Capital Group, Inc.

Sandler ONeill Global Exchange and Brokerage Conference | June 7, 2012

Tom Joyce Chairman and CEO

Safe Harbor
Safe Harbor Certain statements contained herein may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not historical facts and are based on current expectations, estimates and projections about the Company's industry, management's beliefs and certain assumptions made by management, many of which, by their nature, are inherently uncertain and beyond our control. Accordingly, readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict including, without limitation, risks related to the corporate restructuring in the third quarter of 2011, including the ability to recognize anticipated cost savings, the possibility of unexpected costs or expenditures, and the impact of the restructuring on the Company's businesses and results of operations, risks associated with changes in market structure, legislative, regulatory or financial reporting rules, risks associated with the Company's changes to its organizational structure and management and the costs, integration, performance and operation of businesses previously acquired or developed organically, or that may be acquired or developed organically in the future. Readers should carefully review the risks and uncertainties disclosed in the Company's reports with the U.S. Securities and Exchange Commission (SEC), including, without limitation, those detailed under the headings "Certain Factors Affecting Results of Operations" and "Risk Factors" in the Company's Annual Report on Form 10-K for the year-ended December 31, 2011, and in other reports or documents the Company files with, or furnishes to, the SEC from time to time. This information should also be read in conjunction with the Company's Consolidated Financial Statements and the Notes thereto contained in the Company's Annual Report on Form 10-K for the yearended December 31, 2011, and in other reports or documents the Company files with, or furnishes to, the SEC from time to time. Website Disclosure We intend to use our website, www.knight.com, as a means for disclosing material non-public information and for complying with SEC Regulation FD and other disclosure obligations.

Knight Overview to the capital markets across multiple asset classes to a broad client network of broker-dealers, institutions and corporations.
Knight continually develops new A global financial services firm that provides access

and innovative trading liquidity

technologies to facilitate easy access to public and private markets.


The firms approach to market making and trading combines deep across a broad range of securities with high-quality

trade

executions and low transaction costs.

Activities Over the Past Year


Strong financial results despite weak market conditions Continual level of reinvestment in advanced trading technologies New reporting segments and disclosure of U.S. equities Market Making volume and revenue capture Continued development of client capabilities in Market Making covering retail U.S. listed options and European equities Restructuring in the third quarter of 2011 concentrated in Institutional Sales and Trading Client growth and market share gains across all products in Electronic Execution Services
Trailing 12 mo. consolidated revenues and pre-tax earnings
$1,600 $1,400 $1,200 $1,000 $800 $600 $400 $200 $0 1Q11 2Q11 3Q11 4Q11 1Q12 $154m $92m $137m $187m $191m $1,322m $1,205m $1,164m $1,405m $1,414m $1.50 $1.25 $1.00 $0.75 $0.50 $0.25 $0.00 1Q11 2Q11 3Q11 4Q11 1Q12 13%

Diluted earnings per share and return on tangible equity


$1.27 18% 15% 12% 9% 6% 3% 0%

Trailing 12 mo. diluted earnings per share Return on tangible equity (annualized)

Market Conditions
U.S. equity exchange volume
12 Avg. daily volume (share vol in billions) 10
8.2 10.6

U.S. corporate bond volume


24 Avg. daily volume (dollar vol in $ billions)
19.4 19.2 17.5 15.7 15.5 16.2 14.5 15.7 14.4 15.6 12.5 11.1 20.4 18.1 18.1 16.0 17.0

8 6 4 2 0

7.8

7.9 7.1 7.2

8.5 7.3 7.0

8.6 7.3 6.4 7.0 7.0 6.7 6.5 7.1

20 16 12 8 4 0

Second quarter 2011

Second quarter 2012

Second quarter 2011

Second quarter 2012

CBOE Volatility Index (VIX)


50 45 40 35 30 25 20 15 10 $35.00 $30.00 $25.00 $20.00 $15.00 $10.00 $5.00

Comparative performance of benchmark index to KCG

iShares Dow Jones U.S. Broker-Dealers Index Fund (IAI) Knight Capital Group, Inc. (KCG)

Data as of May 31, 2012 (Sources: SIFMA, FINRA).

KCG Reporting Segments


Market Making Institutional Sales and Trading
Full service sales and trading Trading desks covering global equities, ETFs, options and fixed income Research New issuance U.S. corporate equity and debt HECM mortgage-backed securities (HMBS) Astor Asset Management Urban Financial Group

Electronic Execution Services


Sophisticated electronic trading products Knight Direct algorithmic trading strategies and EMS Knight Hotspot FX institutional spot foreign exchange ECN Knight BondPoint retail fixed income ECN Knight Match registered ATS

Market making across asset classes A leading market maker for retail U.S. equity orders Knight Link electronic access to Knights off-exchange liquidity Designated market maker at the NYSE Development of retail U.S. listed options and European equities Non-client quantitative trading

Market Making
Trailing 12 mo. revenues and pre-tax earnings
$800 $700 $600 $500 $400 $300 $200 $100 $0 1Q11 2Q11 3Q11 4Q11 1Q12 $218m $154m $202m $256m $238m $576m $517m $628m $704m $689m Avg. monthly volume (shares traded in billions) 20 17.3 15.3 15 13.4 13.7 14.6

Retail U.S. equity trading activity*

10

5 5.4 0 1Q11 2Q11 3Q11 4Q11 1Q12 4.2 4.7 4.1 4.3

Overall U.S. equity 605-eligible volume

Knight Market Making U.S. equity 605-eligible volume

Knight Link ADV


125 Avg. daily volume (shares traded in millions) Avg. daily volume (shares traded in billions) 40

Knight U.S. equity Market Making volumes


$12.00 29.3 25.4 23.4 23.2 22.0 $10.00 $8.00 $6.00 $4.00 10 6.1 4.9 3.7 2.7 4Q11 3.5 $2.00 $0.00 1Q11 2Q11 3Q11 Avg. daily share volume (in billions) 1Q12 Avg. price per share traded (in dollars)

100 97.5 75 77.8 93.8 92.2 94.6

30

20

50

25 1Q11 2Q11 3Q11 4Q11 1Q12 0

* All marketable orders for NYSE- and NASDAQ-listed stocks in lots of 100-9,999 shares (Source: Thomson).

Avg. daily dollar volume (in $ billions)

Institutional Sales and Trading


Trailing 12 mo. revenues and pre-tax earnings
$600 $500 $400 $300 $200 $100 $0 -$100 -$30m 1Q11 -$35m 2Q11 -$35m 3Q11 -$44m 4Q11 -$22m 1Q12 $470m $484m Avg. dailly volume (shares traded in millions) $520m $512m $526m

Secondary volume of ETFs and industry AUM


1200 1000 800 600 400 200 0 1Q11 2Q11 3Q11 4Q11 1Q12 100.1 165.3 177.8 165.7 119.8 523.3 1,102.2 959.9 896.4 695.3 $1,600 $1,400 $1,200 $1,000 $800 $600 $400 $200 $0 Assets under management (in $ billions)

Overall market ADV

Knight ADV

Industry AUM

Institutional fixed income dollar value traded by desk


1Q11 13.9% 11.2% 1Q12 15.4% (in $ billions) 13.9% 3.0 2.5 2.0 1.5 1.0 0.5 34.3% 0.0 40.3% 1Q11 $2.7b

New issuance of HMBS


$2.6b $2.7b $2.3b $2.0b

40.6%

30.5%

15.0% 4.8% 2Q11

22.5%

22.6%

20.8%

3Q11

4Q11

1Q12

Overall HMBS issuance

Urban HMBS issuance, market share*

U.S. credit ABS/MBS

European credit Emerging markets

Sources: AutEx, ICI, GNMA; * HMBS securitization through subsidiary Urban Financial Group.

Electronic Execution Services


Trailing 12 mo. revenues and pre-tax earnings
$200 $160 $120 $80 $41m $40 $0 1Q11 2Q11 3Q11 4Q11 1Q12 $42m $48m $49m $50m $148m $151m $164m $168m Avg. daily equity volume (shares traded in millions) $172m 250 200 150 100 50 0 1Q11 2Q11 3Q11 4Q11 1Q12 196.7 165.3 162.2 210.5

Knight Direct ADV


215.8

Knight Hotspot FX ADV


75 70 65 60 55 50 45 40 35 30 25 Avg. daily volume (notional dollar value traded in $ billions)

Knight BondPoint ADV Growth* 40%

$63.0b $55.1b

$64.5b $53.9b $55.7b

30% 20% 10% 0%


1Q11 2Q11 Avg. daily trades 3Q11 4Q11

23.4% 16.7%

1Q12

1Q11

2Q11

3Q11

4Q11

1Q12

Avg. daily par value traded

* Quarterly growth in average daily volumes from the fourth quarter of 2010.

Recent Events
New Head of International NASDAQ issues with the Facebook (FB) IPO Approval of limit up, limit down rules Acquisition of Penson Futures

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Financial Overview
For the three months ended March 31, 2012 2011 Consolidated results (in $ millions) Revenues Expenses Pre-tax earnings Pre-tax margins Expenses (as a percentage of revenue) Employee compensation and benefits Execution and clearance fees Payments for order flow For the years ended December 31, 2011 2010

$ $

349.0 295.0 54.0 15.5%

$ $

339.8 289.7 50.1 14.7%

$ $

1,404.5 1,217.4 187.1 13.3%

$ $

1,149.1 999.1 150.0 13.1%

42.2% 15.3% 6.2%

43.8% 15.7% 6.1%

41.6% 16.3% 6.1%

47.6% 15.3% 3.3%

Balance sheet (as of March 31, 2012) $8.0 billion in assets, 59% of which is readily convertible into cash $336 million in cash Over $250 million in excess regulatory capital Stockholders equity of $1.5 billion Low debt/equity ratio of 0.29 Book value per diluted share of $16.23 and tangible book value per diluted share of $11.60

Totals may not add due to rounding.

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Summary
Demonstrated strong performance amid weak market conditions Market leadership in a core asset class A broad client network Innovative trading technologies and platforms offering incremental margin expansion Ongoing expense management Active share repurchase program

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