Euronext - 2020 Universal Registration Document

Operating and Financial Review

Overview

n Changes in the Group’s Supervisory Board On 15 February 2021, the Group announced that Piero Novelli has been nominated by the Supervisory Board as an independent member of the Supervisory Board, to become the next Chairman of Euronext N.V. Mr. Novelli will step down from all executive positions before becoming Chairman. The appointment of Mr. Novelli remains subject to the approval of the relevant regulatory authorities and of Euronext shareholders. n Changes in the Group’s key management personnel On 18 January 2021, the Group announced that Anthony Attia will be handing over his position as CEO of Euronext Paris and member of the Managing Board of Euronext N.V., following his appointment as Global Head of Primary Markets and Post Trade. In addition, the Group announced that Delphine d’Amarzit has been appointed as his successor, subject to regulatory and shareholder approvals, starting from 15 March 2021.

n Exercise of call options for remaining shares in iBabs B.V. On 3 March 2021, the Group exercised its call option to acquire the remaining 40% of the shares in iBabs B.V. Cash consideration of €55.6 million was paid to the non-controlling shareholders, which was recognised directly against Shareholders’ equity. Consequently, the Group now has an ownership of 100% in iBabs B.V. n Trading volumes from 1 January 2021 to 28 February 2021 In January and February 2021, the average daily transaction value on the Euronext cash order book stood at €9,816.9 million, down -4.2% compared to the same period in 2020. In January and February 2021, Euronext recorded 22 new listings raising €4.3 billion. In addition, €11.0 billion was raised in secondary equity issuances and €187.4 billion was raised in debt issuances. The overall average daily volumes on Euronext derivatives stood at 687,726 contracts, -12.9% compared to the same period in 2020, and the open interest was 19,489,289; -12.1% compared to the end of February 2020. The average daily volume on Euronext FX’s spot foreign exchange market stood at $21,595 million in January and February 2021, up +7.8% compared to the same period last year.

7.1.8

RESULTS OF OPERATIONS

Year Ended 31 December 2020 Compared to Year Ended 31 December 2019 and 31 December 2018 The table below sets forth Euronext’s results of operations for the years ended 31 December 2020, 2019 and 2018.

Year ended 31 December 2020 31 December 2019 31 December 2018

In thousands of euros

Revenue

884,318 884,318 (198,970) (165,300) 462,272 (17,330) 444,942 (17,262) (57,776)

679,108 679,108 (153,145) (126,543) 355,744 (21,871) 333,873 (11,851) (43,676)

615,033 615,033 (118,488) (142,295) 330,850 (21,474) 309,376 (23,400)

TOTAL REVENUE

Salaries and employee benefits Depreciation and amortisation

7

Other operational expenses

Operating profit before exceptional items

Exceptional items Operating profit

Finance costs

(5,481) (3,200)

Change in fair value of financial liabilities Other net financing income/(expense)

263

(13,275)

4,199 1,646

7,711 7,270

3,421 5,984

Results from equity investments

Share of net profit/(loss) of associates and joint ventures accounted for using the equity method, and impairments thereof

8,916

1,844

1,612

Profit before income tax

442,704 (122,157) 320,547

325,572 (100,294) 225,278

311,712 (94,084) 217,628

Income tax expense

PROFIT FOR THE YEAR Profit attributable to: n Owners of the parent n Non-controlling interests

315,484

221,966

215,968

5,063

3,312

1,660

191

2020 UNIVERSAL REGISTRATION DOCUMENT