Virtu Financial, Inc. · NYSE:VIRT

Virtu Financial — Piper Sandler Market Structure Conference 2021

9 slides from Virtu Financial's conference presentation, Jun 10, 2021

  1. Slide 1: Piper Sandler Market Structure Conference

    Piper Sandler Market Structure Conference June 2021 Virtu Financial Update 2021 Virtu Financial. All rights reserved. Not to be reproduced or retransmitted without permission.

  2. Slide 2: Multiple Growth Levers

    Multiple Growth Levers Normalized Historical Results Virtu Pro forma results for Virtu + Pro Forma KCG + ITG result in through- Through- ANTI Adj. Adj. the-cycle Adj. NTI per day of per Day1 EPS1 EBITDA1 ~$5.50 million -- before the the-Cycle benefits of growth initiatives and integration Earnings M

  3. Slide 3: Virtu is emerging from 'Integration-Mode' to a steady state

    Virtu is emerging from ‘Integration-Mode’ since mid- 2017 (4+ years) to a steady state Operating Expenses Capitalization Capital Return Quarterly Cash Expense Base Leverage Multiple Return on Capital 2.50 (LTM Adj. EBITDA divided by LTM Trading Capital, %) 1 100% (Quarterly Average, $mn)1 (End of Pe

  4. Slide 4: Organic Initiatives Contribute to Growth and Strong Performance

    Organic Initiatives Contribute to Growth and Strong Performance $942K/day CAGR2 +120% $656K/day Daily Average Adj. Net Trading Income1 of Organic Growth Initiatives $296K/day $160K/day FY 2018 FY 2019 FY 2020 1Q 2021 % of Adj. NTI1 4% 8% 7% 8% $M of Adj. NTI1 $40 $75 $166 $57 Growth in Existing Mark

  5. Slide 5: Virtu's Execution Ecosystem

    Virtu’s Execution Ecosystem Our ITG Net Global Client Network 12.5K Algos + SOR Global multi-asset managed service provides 600+ broker Globally-consistent and firms,11.5k+ connections, intention-based strategies integration of 5,700+ algos Our reach Liquidity venues • 50+ countries • US, CAN, EMEA,

  6. Slide 6: Appendix and End Notes

    VIRTU GF (i FINANCIAL © . .}©=»=»=——<—~ Sti<CS Appendix and End Notes po

  7. Slide 7: Pro Forma Adjusted Normalized Historical Results

    Pro Forma Adjusted Normalized Historical Results ($mn) FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 Median Standalone Adj. NTI Virtu Adj. NTI1 501 414 551 1,020 975 2,271 1 KCG Adj. NTI 835 700 287 - - - 1 ITG Adj. NTI 435 376 383 407 60 - 1 (-) Discontinued Operations (149) (86) (65) (8) (7) (4)

  8. Slide 8: Disclaimer

    Disclaimer Cautionary Statement Regarding Forward Looking Statements This presentation may contain “forward-looking statements” made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements regarding Virtu Financial, Inc.’s (“Virtu’s”, the “Company’s

  9. Slide 9: End Notes

    End Notes Slide 2 1. This reflects a non-GAAP measure. Please see a reconciliation to the corresponding GAAP measure in the Virtu filed presentations, found here: https://ir.virtu.com/events-and-presentations/default.aspx. Please see the Appendix for the pro forma build. 2. This reflects a non-GAAP

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