(9)Activity report .pdf

7/27/2019 (9)Activity report .pdf

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Annual Results 2008Annual Results 2008SWX, 13SWX, 13thth February 2008February 2008


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Growth in 2008

4th Quarter 2008

New Services

Balance Sheet

Key Figures

AgendaAgenda


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Growth in 2008Growth in 2008


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4

swissquote.chswissquote.ch Swiss Leading Financial PortalSwiss Leading Financial Portal

Largest Finance Portal in Switzerland

~400000 single visitors, 15 Mio Page Views per day

Swiss Banking Institute 2008 Cocca / Volkart / Siebenthal

Universitt Zrich


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5

0

20'000

40'000

60'000

80'000

100'000

120'000

140'000

2005 2006 2007 2008

Swissquote Clients

Strong Client Growth ~120Strong Client Growth ~120000 Clients000 Clients

31,9%

31.9% Client growth compared to2007

26265 new trading clients in

2008

Additional 2728 saving clients

per 31st December

Total: 119869 Clients

More than 150 new clients per

day


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1.014m Equity Owners In Switzerland*1.014m Equity Owners In Switzerland*

* Swiss Banking Institute 2008 Cocca / Volkart / Siebenthal

Universitt Zrich


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Strong Growth Opportunities For SwissquoteStrong Growth Opportunities For Swissquote

Growth potential of more

than 200000 trading clients

in Switzerland

Taking into account a market

share of 55%* Swissquote

will add min. 100000 new

trading clients to its system

New client segments

(Saving, Forex and wealthy

private clients) generate

additional potential

* compared to the number of clients.

Source: NZZ am Sonntag, November 2008


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512

961

1200.61281

0

200

400

600

800

1'000

1'200

1'400

2005 2006 2007 2008

Net New Mon ies

CHF million

6.6% more assets inflow compared

to 2007

Net CHF 1281m in 2008

More than 5m new monies per day

Target for 2009: More than 1billion

new monies

Record Net New Monies In 2008Record Net New Monies In 2008

6.6%


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Assets Under Custody And Assets InflowAssets Under Custody And Assets Inflow

0

5

10

15

20

25

3035

40

45

50

55

60

65

70

14

16

18

20

22

24

26

28

30

32

34

36

38

40

42

44

46

48

50

52

2009 2 4 6 8

10

12

Millions

Weekly net Assets In(Out)flow

Strong start in 2008 with an amount

of 115m in January.

Assets under custody of 4.6b

Clients are invested up to 77%.

Higher diversification.


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1'5002'000

2'500

3'000

3'500

4'000

4'500

5'000

5'500

6'000

6'500

Q1-06

Q2-06

Q3-06

Q4-06

Q1-07

Q2-07

Q3-07

Q4-07

Q1-08

Q2-08

Q3-08

Q4-08

CHF million

Clients Assets Touched By Financial Crisis [Clients Assets Touched By Financial Crisis [--12.7% In Q4]12.7% In Q4]


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Stable Revenues Despite Financial CrisisStable Revenues Despite Financial Crisis Record Revenues In 4Record Revenues In 4thth QuarterQuarter

0

20'000

40'000

60'000

80'000

100'000

120'000

2005 2006 2007 2008

Net Revenues

CHF million

0

10'000

20'000

30'000

40'000

50'000

60'000

70'000

2005 2006 2007 2008

Net Profit

Operating Profit

CHF million

Revenues of 111.7 million slightly

higher than the record results in

2007 Record revenues of 29.5 million in

4th quarter

Operating profit at same level than

2007. OP Profit margin of 51.1%

Complete write-off of a Lehman

Bond in 3rd and 4th quarter

influenced the net profit by CHF

12.2 million (net after tax)

Respectable CHF 32.8 million of

net profit.

--4.9%

+0,7%


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Strong EquityStrong Equity

Total Equity of CHF 139.1 million

Equity Surplus of CHF 89.5m

BIS core capital ratio of 22.4%

Strong Balance Sheet


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20072007

+0.7%+0.7%

--31.0%31.0%

+31.9%+31.9%

--22.4%22.4%

+0.8m+0.8m

--14.8m14.8m

+28+28993993

--11310.4310.4

+9.9%+9.9%+12.5m+12.5m

111,7m111,7m

32.8m32.8m

119119868868

44540m540m

139.1m139.1m

--4.9%4.9%--2.9m2.9m57.0m57.0m

20082008

RevenuesRevenues

Net ProfitNet Profit

ClientsClients

Assets u. CustodyAssets u. Custody

Total EquityTotal Equity

Operating ProfitOperating Profit

Key Figures 2008Key Figures 2008


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44thth Quarter 2008Quarter 2008


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15

0

1'000

2'000

3'000

4'000

5'000

6'000

7'000

8'000

9'000

10'000

Q1-04

Q2-04

Q3-04

Q4-04

Q1-05

Q2-05

Q3-05

Q4-05

Q1-06

Q2-06

Q3-06

Q4-06

Q1-07

Q2-07

Q3-07

Q4-07

Q1-08

Q2-08

Q3-08

Q4-08

Saving Client Growth

Trading Client Growth

Highest Growth Ever In 4th QuarterHighest Growth Ever In 4th Quarter


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Up To a Good Start In 2009. Goal: 25Up To a Good Start In 2009. Goal: 25000 New Clients000 New Clients

0

20

40

60

80

100

120

140

160

180

200220

240

98000

100000

102000

104000

106000

108000

110000

112000

114000

116000

118000120000

122000

01

.avr.

01

.mai

01

.juin

01

.juil

.

01

.aot

01

.sept.

01

.oct.

01

.nov

.

01

.dc

.

01

.janv

.

01

.fvr.

01

.mars

Total Accounts [T,C,M] Target Requests


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0.0

5.0

10.0

15.0

20.0

25.0

30.0

35.0

0

2'000

4'000

6'000

8'000

10'000

12'000

Q1-06

Q2-06

Q3-06

Q4-06

Q1-07

Q2-07

Q3-07

Q4-07

Q1-08

Q2-08

Q3-08

Q4-08

darts tpcpy

Better Trading Activity In 4Better Trading Activity In 4

thth

QuarterQuarter


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0

5

10

15

20

25

30

35

40

45

50

01

.avr.

01

.mai

01

.juin

01

.juil

.

01

.aot

01

.sept.

01

.oct.

01

.nov

.

01

.dc

.

01

.janv

.

01

.fvr.

01

.mars

Trades per client per year

Slow Start Into the 1Slow Start Into the 1stst Quarter: Stable BandwidthQuarter: Stable Bandwidth


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Controlled Costs Per ClientControlled Costs Per Client

145 135 125 124 135 128 120104 98 97 93 93

30 31 27 32 28 27 37 30 25 22 21 25

373

325

285

341

403376

348325

293267 260 261

0

50

100

150

200

250

300

350

400

450

Q1-06

Q2-06

Q3-06

Q4-06

Q1-07

Q2-07

Q3-07

Q4-07

Q1-08

Q2-08

Q3-08

Q4-08

Costs Marketing Revenues


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Higher Revenue MarginsHigher Revenue Margins

0

50

100

150

200

250

300

0

1'000

2'000

3'000

4'000

5'000

6'000

7'000

Q4

-05

Q1

-06

Q2

-06

Q3

-06

Q4

-06

Q1

-07

Q2

-07

Q3

-07

Q4

-07

Q1

-08

Q2

-08

Q3

-08

Assets under Custody Asset Margin


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Record Revenues In The 4Record Revenues In The 4thth QuarterQuarter

02'500

5'000

7'500

10'000

12'50015'000

17'500

20'000

22'500

25'00027'500

30'000

32'500

Q1-06

Q2-06

Q3-06

Q4-06

Q1-07

Q2-07

Q3-07

Q4-07

Q1-08

Q2-08

Q3-08

Q4-08

Operating Profit

Quarterly Revenues


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New ServicesNew Services

Forex trading Platform, Saving accounts

Swissquote Quant Swiss Equity Fund

World Trading


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Forex Trading Platform, Saving AccountsForex Trading Platform, Saving Accounts

FXBook

Constant growth since launch of

the Forex platform

Trading volumes of USD 400million per day

CHF 1.6 million revenues in 4th

quarter

Saving accounts

Assets of CHF 90 Mio.

3000 Clients


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Swissquote Quant Swiss Equities FundSwissquote Quant Swiss Equities Fund


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World TradingWorld Trading

Online World trading

80000 additional tradable securities from 50 stock exchanges


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The Business Model of SwissquoteThe Business Model of Swissquote

Swissquote turned in an outstanding performance in the financial crisis and will

also develop its business model in 2009

The Lehman bond influenced strongly the 3rd quarter and also to a certain

extend the 4th quarter. The position is now completely written off.

Client growth remains strong in all segments. The potential of 100000 new

clients for Swissquote is confirmed*

The growth in 2009 will remain strong with 25000 new clients and more than 1

billion net new monies. As soon as the gloomy mood on the stock markets will

reverse all those new clients will contribute stronger to the revenues New client segments and services show potential.

If trading activity remains constant (compared with 2008) and in light of the

lower interest income, revenues in 2009 should be approximately as high as in

the previous year.

Swissquote is the biggest online bank in Switzerland. The growth is fuelled

through technology, strong balance sheet and transparent business model

New tools and services will be launched in 2009. Developments in the FX

business, new bank account interface, developments in the ePrivate banking

business


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Balance SheetBalance Sheet


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Balance Sheet Per 31Balance Sheet Per 31stst December 2008December 2008


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Balance Sheet Per 31Balance Sheet Per 31stst December 2009December 2009


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Structure of assets

78.5%

12.3%

5.3%

2.3%

1.5%9.2%

Cash & deposits Investment securitiesLoans to customers Property & systemsOther assets

Structure of liabilities and equity

86.6%

3.0%

10.3%

13.4%

Due to customers Other liabilities Equity

Structure of Assets and LiabilitiesStructure of Assets and Liabilities


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Key FiguresKey Figures


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(9)Activity report .pdf

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