Virtu Financial : Fourth Quarter 2020 Supplemental Slides

Presentation Title in

Fourth Quarter 2020

Title Case

Earnings Presentation

Presentation subtitle in sentence case

Presenter Name

Event name

xx Month 201x

© 201X Virtu Financial. All rights reserved. Not to be reproduced or retransmitted without permission. Compliance #XXXX-XXXX © 2021 Virtu Financial. All rights reserved.

Fourth Quarter & Full-Year Highlights

4Q 2020

Adj. NTI1

$456M

Adj. NTI / day1

$7.1M

Normalized Adj. EPS1

$1.18

Adj. EBITDA1

$344M

FY 2020

Adj. NTI1

$2,271M

Adj. NTI / day1

$9.0M

Normalized Adj. EPS1

$5.76

Adj. EBITDA1

$1,648M

FY 2020 Accomplishments

• • Record revenues and profits

  • • Full year adj. NTI1 of $2,271M ($9.0M/day)

  • • Full year adj. EBITDA1 of $1,648M; Adj. EBITDA margin1,2 of 72.6%

  • • Full year normalized adj. EPS1 of $5.76

• • Repaid $289M of debt

  • • Long-term debt at December 31, 2020 of $1.67B

  • • Debt/LTM Adj. EBITDA1 of 1.0x

  Adj. EBITDA Margin1,2

  75.4%

  Debt / LTM Adj. EBITDA1

  1.0x

  Adj. EBITDA Margin1,2

  72.6%

• • Generated $166M of adj. NTI1 from organic growth initiatives

Expanding initial $100M share repurchase program to $170 million

Financial Trend

$257 $4.1 $151 $2.4 $106 $1.7 $0.27 $115 44.6% $159

Normalized Adjusted EPS1 Adjusted EBITDA1

Adjusted EBITDA Margin 1

Adjusted Operating Expenses1 Long Term Debt (at end of period)

$784 $12.7 $652 $10.5 $132 $2.1 $2.05 $570 72.6% $232

$669 $10.6 $552 $8.8 $117 $1.9 $1.73 $486 72.6% $200

$362 $5.7 $257 $4.0 $105 $1.6 $0.81 $249 68.7% $130

$456 $7.1 $321 $5.0 $135 $2.1 $1.18 $344 75.4% $128

Debt / LTM Adjusted EBITDA

$1,957 4.0x

$1,957 2.2x

$1,769 1.4x

$1,669 1.2x

$1,670 1.0x

$2,271 $9.0 $1,782 $7.0 $489 $1.9 $5.76 $1,648 72.6% $690

$1,670 1.0x

+ 25%

+ 109%

+ 29% + 46% + 38% + 6.8 pts -2%

+ 26% + 345% + 200% + 30.9 pts - 20%

+ 0.1% - 14%

• - 15%

• - 75%

2020 Performance 131% Higher YoY

1Q21 to date performance comparable to FY20 average2

Average Daily Adjusted Net Trading Income1

MillionsperDay

$14 $12.7

$12

$10

$8

$6

$4

$2

$0

Global EquitiesGlobal FICC, Options & OtherExecution Services3