Cboe Global Markets, Inc. · CBOE:CBOE
Cboe Global Markets — CBOE Holdings — Shareholder Meeting (May 2007)
16 slides from Cboe Global Markets's shareholder meeting presentation, May 16, 2007
Slide 1: Annual Meeting of the Membership, May 16, 2007
Annual Meeting of the Membership Wednesday, May 16, 2007 Filed by CBOE Holdings, Inc. pursuant to Rule 425 under the Securities Act of 1933, as amended Subject Company: CBOE Holdings, Inc. Subject Company’s Commission File No.: 333-140574 The following slide presentation was delivered at a Member Me
Slide 2: Agenda
Agenda Introduction Brad Griffith, Vice Chairman Exchange Performance Ed Joyce, President & COO CBOE Volume and Market Share Ed Tilly, Executive Vice Chairman CBOE Demutualization Bill Brodsky, Chairman & CEO Q&A
Slide 3: Exchange Performance
Exchange Performance
Slide 4: Summary 2006 vs. 2005 Results
Summary 2006 vs. 2005 Results Year Ended December 31 (in thousands) 2006 2005 Change % Change TOTAL REVENUE $257,986 $203,055 $54,931 27.1% TOTAL EXPENSE 185,959 183,162 2,797 1.5% INCOME BEFORE TAXES 72,027 19,893 52,134 262.1% PROVISION FOR INCOME TAXES 29,919 8,998 20,921 232.5% NET INCOME $42,10
Slide 5: Summary First Quarter 2007 Results
Summary First Quarter 2007 Results Three Month Period Ended (in thousands) March 31, 2007 March 31, 2006 Change % Change TOTAL REVENUE $77,844 $59,161 $18,683 31.6% TOTAL EXPENSE 47,557 50,819 (3,262) -6.4% INCOME BEFORE TAXES 30,287 8,342 21,945 263.1% PROVISION FOR INCOME TAXES 12,722 3,335 9,387
Slide 6: Volume and Market Share
Volume and Market Share
Slide 7: Exchange Volume
Exchange Volume CBOE YTD 07 ADV is up 34% from same period in 2006 CBOE Total Monthly Volume 0 10 20 30 40 50 60 70 80 90 J F M A M J J A S O N D 2005 2006 2007
Slide 8: Exchange Market Share
Exchange Market Share CBOE 06 market share of 33% rose 2.2 percentage points from 05 CBOE 2007 YTD market share stands at 34% Total 2006 Market Share, By Exchange 33% 29% 13% 10% 10% 5% CBOE ISE PHLX NYSE AMEX BOX
Slide 9: Volatility Products
Volatility Products CBOE Volatility Index (VIX) 2006 volume: 5.1M 2007 volume YTD: 4.2M CBOE Nasdaq-100 Volatility Index (VNX) Futures launch in 2Q 07 Options to follow CBOE Russell 2000 Volatility Index (VXR) Futures launch in 2Q 07 Options to follow VIX Options Monthly Volume In Thousands 0 200 40
Slide 10: CFE and CBSX
CFE and CBSX CBOE Futures Exchange (CFE) 06 volume: 478,161 contracts 07 YTD: 194,053 contracts (+125% vs 2006) Four new volume records set during the week of May 7... Total Weekly Volume: 40,487 Single-Day Volume: 12,351 (Thursday, May 10) Total Weekly VIX: 39,489 Single-Day VIX: 12,102 (Thursday,
Slide 11: Demutualization
Demutualization
Slide 12: Demutualization Update
Demutualization Update CBOE filed amendment to S-4 document to reflect 2006 Financial results and other updated information. S-4 amendment is posted on CBOE’s website. CBOE will file a comprehensive response to address comment letters received by the SEC regarding CBOE’s S-4 filing. On May 30, 2007,
Slide 13: Other Matters
Other Matters Exclusive Licenses Yesterday, CBOE, Dow Jones, and S&P won the right to maintain their lawsuit against ISE in Illinois state court. Portfolio Margining SEC/CFTC Jurisdictional Issues
Slide 14: CBOE Branding
CBOE Branding Branding CBOE has undertaken a large-scale branding initiative Campaign highlights that there is “No Substitute” for CBOE Print ads, TV commercials, outdoor ads Internal branding component
Slide 15: Slide 15
Slide 16: Trademarks and Additional Information Notice
CBOE® and Chicago Board Options Exchange® are registered trademarks of Chicago Board Options Exchange, Incorporated. This communication shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state or jurisdiction