Much more than just the Brazilian Stock Exchange
B3 DAY 2024
Agenda
Strategy
Business Model and
Growth Avenues
Data
Credit Journey
Fixed Income
Retail Investor
Competitive Positioning
Technology
People, Culture and ESG
Financial Robustness
INFORMAÇÃO
B3 DAY 2024
Strategy
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Strategy
B3's evolution is the result of the
successful long-term strategy
Strategy based on maximizing the value of our core businesses and accelerating diversification - operating on internal drivers reduces exposure to the negative effects of the external environment
STRENGTHEN AND MAXIMIZE OUR CORE
BUSINESS
- Operational excellence
- Proximity to customer and product development
- Alignment with regulatory dynamics and technological disruptions
DIVERSIFICATION INTO
ACTIVITIES THAT ENHANCE OUR UNIQUE CHARACTERISTICS
- Ambidexterity and innovation
- Expertise as market infrastructure
- Unique and exclusive data
- Technological presence with customers
B3 DAY 2024
INFORMAÇÃO PÚBLICA - PUBLIC INFORMATION
Strategy
Efficient execution reflected in growth and diversification
Discipline in execution and constant exercises of alignment with market trends have driven the strengthening of the core business and diversification into adjacent areas
2019 Revenues | LTM 24 Revenues | |
8% | 8% | |
7% | 19% | |
27% | 12% |
9%
3%6%
15% | 6% |
31% | 33% |
16% |
R$6.6 bn | R$10.4 bn |
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Delta | ||
Cash Equities | -8 p.p. | |
Infra. for Financing | -3 p.p. | |
Derivatives | +2 p.p. | |
OTC | +1 p.p. | |
Data | +4 p.p. | |
Technology | +5 p.p. | |
Other | 0 p.p | |
2024 LTM considers Oct/23 to Sep/24.
B3 DAY 2024
INFORMAÇÃO PÚBLICA - PUBLIC INFORMATION
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Strategy
Robust business model throughout all cycles
B3's diversified business model translates into accelerated revenue growth in lower interest rate scenarios and resilient performance in adverse conditions for the cash equities market
Gross Revenue
(R$ billion)
10.5 | |||
9.5 | 9.3 | ||
8.5 | |||
7.5 | 69% | ||
(R$) | 6.5 | 6.6 | |
5.5 | 73% | ||
Revenue | |||
4.5 | |||
3.5 | 31% | ||
2.5 | 27% | ||
1.5 | |||
2019 | 2020 |
Mercado à vista - ações
10.3 | 10.1 | 9.9 | 10.4 | 14.0% | |||
75% | 79% | 81% | 12.0% | ||||
71% | 10.0% | ||||||
8.0% | (a.a.) | ||||||
6.0% | Selic | ||||||
Avg. | |||||||
29% | 4.0% | ||||||
25% | |||||||
21% | 19% | 2.0% | |||||
0.0% | |||||||
2021 | 2022 | 2023 | LTM 24 | ||||
Other segments | Total revenue | Average Selic (%) |
Revenue from other segments includes equity and index derivatives, depository, securities lending, listing and solutions for issuers, FICC, OTC, Infrastructure for Financing, and Technology, Data and Services.
CAGR
Cash Equities and
Equity Instruments
FICC
OTC
Infrastructure for Financing
Technology, Data and Services
2024 LTM considers Oct/23 to Sep/24.
B3 DAY 2024
INFORMAÇÃO PÚBLICA - PUBLIC INFORMATION
Strategy
Products and customers as main catalysts of our strategy
A continuous agenda for product development aligned with the customers needs is essential for our growth
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+450
Projects and improvements over the period of 5 years
Core
Diversification
Retail Liquidity | BDR regulation | |
Provider | ||
Cycle D+2 | ETF of REITs | |
Real Estate | ||
Secured Bill | Sec-lending | |
Rural Product | ||
screen | ||
Note & Electronic | ||
Bank Credit Bill | ||
Copom option | ||
2019 | 2020 |
Acquisition of | Insurance |
PDtec | registry |
Acquisition of | platform |
BLK |
Crypto ETFs | EDS and UDS | Treasury RendA+ |
FIAGRO | strategy | |
Structured | Treasury Educa+ | |
DI x IPCA Spread | DV01 Neutral | |
Block Trading | ||
Cycle D+0 | Transaction On | |
DI Future | Solutions | |
Treasury Direct | ||
CPR | ETF with | |
dividends | ||
2021 | 2022 | 2023 |
Acquisition of | Acquisition of | Acquisition of |
Neoway | Datastock | Neurotech |
B3 Digitas |
Bitcoin futures
Volatility Indices (VXBR)
Small Caps futures
Bovespa B3 BR+ Index
2024
Revenue of new initiatives in the
CORE
R$2.1B
2024 LTM
Revenue of new initiatives in the adjacencies
R$0.8B
2024 LTM
B3 DAY 2024
INFORMAÇÃO PÚBLICA - PUBLIC INFORMATION
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Strategy
B3, much more than just ADTV
The evolution of B3 highlights a robust investment thesis, with resilience during challenging cycles and readiness to enhance returns in favorable scenarios
1.
Resilient and
Diversified
Business Model
Efficiency in the execution of the growth strategy, success in diversification within the core business and in adjacent areas
2.
Unique
Competitive
Positioning
Vertical integration, customer focus and product development
3.
High Technology
Operational solidity, innovation, adaptability to market trends
4.
Established Culture and High- performance Team
Purpose as a catalyst for a constantly evolving culture, diversity, ESG, and incentives aligned with long-term growth
5.
Financial
Robustness
High cash generation and a consistent history of shareholder distributions
B3 DAY 2024
INFORMAÇÃO PÚBLICA - PUBLIC INFORMATION
B3 DAY 2024
1 Business Model and
Growth Avenues
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1. Business Model and Growth Avenues
Derivatives Market
Constant volume growth in line with the sophistication of the Brazilian market, reflecting B3's investments in (i) product and functionality development and (ii) liquidity
Average 12M ADV - FICC + Indices | Breakdown - ADV |
(millions of contracts) | (% of total; millions of contracts) |
11.0
2019 | |||
9.0 | 9% | ||
7.0 | 12% 0.5 | ||
0.7 | |||
52% | |||
5.0 | 27% | 2.8 | |
1.4 | |||
3.0 | |||
1.0 | |||
Jan-19 May-19 | Sep-19 Jan-20 | May-20 Sep-20 Jan-21 | May-21 | Sep-21 Jan-22 May-22 | Sep-22 Jan-23 | May-23 Sep-23 Jan-24 May-24 | Sep-24 | Total ADV |
5.4 | ||||||||
YTD 2024 considers Jan/24 to Sep/24. *Other includes Interest Rates in USD, Commodities and Cryptoassets.
YTD 2024
5%
8% 0.5
0.8
31% | 56% |
3.3 | 6.0 |
Total ADV
10.7
Interest Rates in BRL
Ibovespa Futures
USD Futures
Other*
B3 DAY 2024
INFORMAÇÃO PÚBLICA - PUBLIC INFORMATION
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Disclaimer
B3 SA Brasil Bolsa Balcao published this content on December 18, 2024, and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on December 18, 2024 at 22:23:08.428.