Historic segmental information

RNS Number : 2014J

London Stock Exchange Group PLC

12 July 2013

London Stock Exchange Group plc

LCH.Clearnet -segmental revenue and non-financial KPI data for 2012; and

LSEG plc - new segmental information for Capital Markets

Following completion of the acquisition of a majority stake in LCH.Clearnet, London Stock Exchange Group plc ("LSEG") will consolidate LCH.Clearnet financial performance in its financial results, with effect from 1 May 2013. In advance of LSEG's Q1 Interim Management Statement, provided below is a quarterly breakout of LCH.Clearnet data for financial year 2012, together with performance for the first calendar quarter of 2013.

As from 1 May 2013, LSEG will report LCH.Clearnet's results in £ sterling.

LCH.Clearnet Revenue/Income

Based on data provided by LCH.Clearnet

Quarter ending	31 Mar	30 June	30 Sep	31 Dec	Year	31 Mar
€ millions	2012	2012	2012	2012	2012	2013
OTC
SwapClear	13.4	14.5	15.8	16.1	59.8	21.3
ForexClear / CDSClear	1.0	2.8	3.3	4.7	11.8	4.6
Total OTC	14.4	17.3	19.1	20.8	71.6	25.9

Non-OTC
Fixed income	9.9	10.0	9.5	9.5	38.9	9.5
Commodities	3.4	3.4	3.7	3.9	14.4	3.6
Listed derivatives	22.1	22.2	23.4	23.1	90.8	22.4
Cash equities	10.4	10.4	9.1	8.3	38.2	10.2
Total non-OTC	45.8	46.0	45.7	44.8	182.3	45.7

Total clearing fee revenue	60.2	63.3	64.8	65.6	253.9	71.6

Other revenue (including NII non-cash)	10.6	10.8	12.4	8.6	42.4	0.3
Total revenue	70.8	74.1	77.2	74.2	296.3	71.9

Net treasury income	30.0	22.4	22.1	20.7	95.2	19.9
Unrealised gain / (loss)	30.3	(0.5)	8.0	(3.1)	34.7	(0.4)
Total Income including Unrealised	131.1	96.0	107.3	91.8	426.2	91.4

Total Income excluding Unrealised	100.8	96.5	99.3	94.9	391.5	91.8

Average GBP / EUR exchange rate for period	1.20	1.23	1.26	1.24		1.17

LCH.Clearnet non-Financial KPIs

Based on data provided by LCH.Clearnet

Quarter ending	31 Mar	30 June	30 Sep	31 Dec	31 Mar
	2012	2012	2012	2012	2013

OTC derivatives
SwapClear
IRS notional outstanding ($trn)	287.5	305.0	329.3	339.9	370.7
IRS notional cleared ($trn)	82.5	90.2	104.0	106.1	146.7
SwapClear members	63	64	67	72	78
CDSClear
Notional cleared (€bn)	-	11.8	6.7	26.5	37.8
Open interest (€bn)	4.6	9.4	7.8	12.0	13.6
CDSClear members	4	9	8	8	8
ForexClear
Notional value cleared ($bn)	1.1	29.1	207.3	208.5	246.3
ForexClear members	11	13	13	14	15
Non-OTC
Fixed income - Nominal value (€trn)	17.3	17.5	18.1	17.6	18.4
Commodities (lots m)	26.1	33.7	27.6	33.4	28.5
Listed derivatives (contracts m)	61.5	50.0	51.5	46.9	49.0
Cash equities trades (m)	90.5	95.5	78.2	73.4	80.7

Average cash collateral (€bn)	40.7	47.5	49.8	41.2	39.5

LSEG plc - new segmental information for Capital Markets

Following changes to the way that the Capital Markets' segment is managed, certain revenues previously classified as "other" (e.g. membership fees and other non-trading fees income) have been allocated to secondary market revenue lines. The aggregate revenues for the Capital Markets segment (and for LSEG plc as a whole) are unchanged. Set out below are the revenues for Capital Markets as disclosed for the financial year ended 31 March 2013, along with disclosure on the basis of the new allocation.

FY 2013	Revenues previously reported
£ millions	Q1	Q2	Q3	Q4	FY 2013

Annual Fees	9.8	9.4	9.6	9.7	38.5
Admission Fees	7.9	6.6	10.5	7.3	32.3
Cash equities UK & Turquoise	21.1	19.0	18.3	21.6	80.0
Cash equities Italy	6.6	5.6	5.0	7.3	24.5
Derivatives	3.6	3.2	3.0	3.6	13.4
Fixed Income	8.1	7.8	8.6	10.0	34.5
Other	10.4	10.6	11.3	12.0	44.3
Capital Markets	67.5	62.2	66.3	71.5	267.5

	Restated revenues
£ millions	Q1	Q2	Q3	Q4	FY 2013

Annual Fees	9.8	9.4	9.6	9.7	38.5
Admission Fees	7.9	6.6	10.5	7.3	32.3
Cash equities UK & Turquoise	22.4	20.5	19.8	23.3	86.0
Cash equities Italy	8.8	7.5	7.0	9.4	32.7
Derivatives	5.0	4.6	4.6	4.9	19.1
Fixed Income	12.1	11.9	13.0	14.8	51.8
Other	1.5	1.7	1.8	2.1	7.1
Capital Markets	67.5	62.2	66.3	71.5	267.5