![Page 1: Presentation 2006 Results - English FINAL · Annual Results Presentation 2006 SWX, February 9, 2007 . 2 • Introduction • Key figures2006 ... • Mobile trading(Wap) • New OTC](https://reader036.vdocuments.mx/reader036/viewer/2022070811/5f09a5a87e708231d427d6a4/html5/thumbnails/1.jpg)
1
SwissquoteSwissquote
Annual Results Presentation Annual Results Presentation
20062006SWX, February 9, 2007 SWX, February 9, 2007
![Page 2: Presentation 2006 Results - English FINAL · Annual Results Presentation 2006 SWX, February 9, 2007 . 2 • Introduction • Key figures2006 ... • Mobile trading(Wap) • New OTC](https://reader036.vdocuments.mx/reader036/viewer/2022070811/5f09a5a87e708231d427d6a4/html5/thumbnails/2.jpg)
2
• Introduction
• Key figures 2006
• Results for the 4th quarter 2006
• Balance sheet
• Distribution of profit
• System expansion and new services
• Business model
• Targets 2007
AgendaAgenda
![Page 3: Presentation 2006 Results - English FINAL · Annual Results Presentation 2006 SWX, February 9, 2007 . 2 • Introduction • Key figures2006 ... • Mobile trading(Wap) • New OTC](https://reader036.vdocuments.mx/reader036/viewer/2022070811/5f09a5a87e708231d427d6a4/html5/thumbnails/3.jpg)
3
IntroductionIntroduction
![Page 4: Presentation 2006 Results - English FINAL · Annual Results Presentation 2006 SWX, February 9, 2007 . 2 • Introduction • Key figures2006 ... • Mobile trading(Wap) • New OTC](https://reader036.vdocuments.mx/reader036/viewer/2022070811/5f09a5a87e708231d427d6a4/html5/thumbnails/4.jpg)
4
IntroductionIntroduction
• Best year and best quarter in Swissquote’s history with
15,010 new clients, inflow of just under CHF 1 billion new
funds and 60 percent revenue growth
• 5th year of client growth above 25%
• Net profit margin of 49 percent
• Strong development of the company with a staff increase
of 23% to 160
• CHF 5.- distribution of profit to shareholders and share split
![Page 5: Presentation 2006 Results - English FINAL · Annual Results Presentation 2006 SWX, February 9, 2007 . 2 • Introduction • Key figures2006 ... • Mobile trading(Wap) • New OTC](https://reader036.vdocuments.mx/reader036/viewer/2022070811/5f09a5a87e708231d427d6a4/html5/thumbnails/5.jpg)
5
Key Key ffiguresigures 20062006
![Page 6: Presentation 2006 Results - English FINAL · Annual Results Presentation 2006 SWX, February 9, 2007 . 2 • Introduction • Key figures2006 ... • Mobile trading(Wap) • New OTC](https://reader036.vdocuments.mx/reader036/viewer/2022070811/5f09a5a87e708231d427d6a4/html5/thumbnails/6.jpg)
6
Net revenuesNet revenues 74.7m74.7m
Net profitNet profit 36.5m36.5m
ClientsClients 64,06764,067
AssetsAssets 4,492m4,492m
ComparedCompared to 2005to 2005
+60.3%+60.3%
+148.8%+148.8%
+30.6%+30.6%
+50.4%+50.4%
+28.1m+28.1m
+21.8m+21.8m
+15,010+15,010
+1,506m+1,506m
EquityEquity 93.5m93.5m +39.6%+39.6%+26.5m+26.5m
Key figures 2006Key figures 2006
![Page 7: Presentation 2006 Results - English FINAL · Annual Results Presentation 2006 SWX, February 9, 2007 . 2 • Introduction • Key figures2006 ... • Mobile trading(Wap) • New OTC](https://reader036.vdocuments.mx/reader036/viewer/2022070811/5f09a5a87e708231d427d6a4/html5/thumbnails/7.jpg)
7
StrongStrong organicorganic growthgrowth
733
1'560
2'019
2'986
4'492
0
10'000
20'000
30'000
40'000
50'000
60'000
70'000
2002 2003 2004 2005 2006
-
500
1'000
1'500
2'000
2'500
3'000
3'500
4'000
4'500
5'000
Clients Assets
![Page 8: Presentation 2006 Results - English FINAL · Annual Results Presentation 2006 SWX, February 9, 2007 . 2 • Introduction • Key figures2006 ... • Mobile trading(Wap) • New OTC](https://reader036.vdocuments.mx/reader036/viewer/2022070811/5f09a5a87e708231d427d6a4/html5/thumbnails/8.jpg)
8
CostCost//incomeincome ratio ratio belowbelow 50%50%
29'79734'273
46'628
5'129 6'05714'683
36'529
74'747
77.0% 76.1%
65.7%
49.0%
-
10'000
20'000
30'000
40'000
50'000
60'000
70'000
80'000
2003 2004 2005 2006
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
70.0%
80.0%
Net Revenues Net Profit Cost/Income RatioCHF '000
![Page 9: Presentation 2006 Results - English FINAL · Annual Results Presentation 2006 SWX, February 9, 2007 . 2 • Introduction • Key figures2006 ... • Mobile trading(Wap) • New OTC](https://reader036.vdocuments.mx/reader036/viewer/2022070811/5f09a5a87e708231d427d6a4/html5/thumbnails/9.jpg)
9
191 192 186200
165
0
500
1'000
1'500
2'000
2'500
3'000
3'500
4'000
4'500
5'000
2002 2003 2004 2005 2006
0
25
50
75
100
125
150
175
200
225
Assets under Custody Asset Margin
Stable Stable assetasset marginmargin
![Page 10: Presentation 2006 Results - English FINAL · Annual Results Presentation 2006 SWX, February 9, 2007 . 2 • Introduction • Key figures2006 ... • Mobile trading(Wap) • New OTC](https://reader036.vdocuments.mx/reader036/viewer/2022070811/5f09a5a87e708231d427d6a4/html5/thumbnails/10.jpg)
10
LeverageLeverage effecteffect isis keykey for for successsuccess
740
1'115
9731'053
1'3221'262
859
740692
648
0
200
400
600
800
1'000
1'200
1'400
1'600
2002 2003 2004 2005 2006
Average Revenue & Costs per clientCHF
![Page 11: Presentation 2006 Results - English FINAL · Annual Results Presentation 2006 SWX, February 9, 2007 . 2 • Introduction • Key figures2006 ... • Mobile trading(Wap) • New OTC](https://reader036.vdocuments.mx/reader036/viewer/2022070811/5f09a5a87e708231d427d6a4/html5/thumbnails/11.jpg)
11
HigherHigher thanthan averageaverage transaction transaction numbersnumbers
15
23
1920
25
-100'000
100'000
300'000
500'000
700'000
900'000
1'100'000
1'300'000
1'500'000
2002 2003 2004 2005 2006 -
5
10
15
20
25
30
Total Trades Trades per Client per Year
![Page 12: Presentation 2006 Results - English FINAL · Annual Results Presentation 2006 SWX, February 9, 2007 . 2 • Introduction • Key figures2006 ... • Mobile trading(Wap) • New OTC](https://reader036.vdocuments.mx/reader036/viewer/2022070811/5f09a5a87e708231d427d6a4/html5/thumbnails/12.jpg)
12
Key Key figuresfigures for the 4for the 4thth qquarteruarter 20062006
![Page 13: Presentation 2006 Results - English FINAL · Annual Results Presentation 2006 SWX, February 9, 2007 . 2 • Introduction • Key figures2006 ... • Mobile trading(Wap) • New OTC](https://reader036.vdocuments.mx/reader036/viewer/2022070811/5f09a5a87e708231d427d6a4/html5/thumbnails/13.jpg)
13
StrongStrong revenue revenue growthgrowth (CAGR = 60%)(CAGR = 60%)
0.0
2'500.0
5'000.0
7'500.0
10'000.0
12'500.0
15'000.0
17'500.0
20'000.0
22'500.0
Q2-03
Q3-03
Q4-03
Q1-04
Q2-04
Q3-04
Q4-04
Q1-05
Q2-05
Q3-05
Q4-05
Q1-06
Q2-06
Q3-06
Q4-06
EBITDA
Quarterly Revenues
![Page 14: Presentation 2006 Results - English FINAL · Annual Results Presentation 2006 SWX, February 9, 2007 . 2 • Introduction • Key figures2006 ... • Mobile trading(Wap) • New OTC](https://reader036.vdocuments.mx/reader036/viewer/2022070811/5f09a5a87e708231d427d6a4/html5/thumbnails/14.jpg)
14
The commission business The commission business isis dominantdominant
5% 7%
8%
18% 62%
Custody & other Fees & Commission Interest Trading Other
![Page 15: Presentation 2006 Results - English FINAL · Annual Results Presentation 2006 SWX, February 9, 2007 . 2 • Introduction • Key figures2006 ... • Mobile trading(Wap) • New OTC](https://reader036.vdocuments.mx/reader036/viewer/2022070811/5f09a5a87e708231d427d6a4/html5/thumbnails/15.jpg)
15
Revenue Revenue growthgrowth in all in all reportedreported segmentssegments
0
5'000
10'000
15'000
20'000
Q2-03
Q3-03
Q4-03
Q1-04
Q2-04
Q3-04
Q4-04
Q1-05
Q2-05
Q3-05
Q4-05
Q1-06
Q2-06
Q3-06
Q4-06
Other (Platform)
Trading
Interest
Net Fee & Commission Income
![Page 16: Presentation 2006 Results - English FINAL · Annual Results Presentation 2006 SWX, February 9, 2007 . 2 • Introduction • Key figures2006 ... • Mobile trading(Wap) • New OTC](https://reader036.vdocuments.mx/reader036/viewer/2022070811/5f09a5a87e708231d427d6a4/html5/thumbnails/16.jpg)
16
OpexOpex are are coveredcovered by nonby non--commission revenues commission revenues
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
110%
Q2-03
Q3-03
Q4-03
Q1-04
Q2-04
Q3-04
Q4-04
Q1-05
Q2-05
Q3-05
Q4-05
Q1-06
Q2-06
Q3-06
Q4-06
Opex Coverage
![Page 17: Presentation 2006 Results - English FINAL · Annual Results Presentation 2006 SWX, February 9, 2007 . 2 • Introduction • Key figures2006 ... • Mobile trading(Wap) • New OTC](https://reader036.vdocuments.mx/reader036/viewer/2022070811/5f09a5a87e708231d427d6a4/html5/thumbnails/17.jpg)
17
6.7% more clients in the 46.7% more clients in the 4thth quarter quarter ……
4036
0
5'000
10'000
15'000
20'000
25'000
30'000
35'000
40'000
45'000
50'000
55'000
60'000
65'000
Q2-03
Q3-03
Q4-03
Q1-04
Q2-04
Q3-04
Q4-04
Q1-05
Q2-05
Q3-05
Q4-05
Q1-06
Q2-06
Q3-06
Q4-06
Quarterly Client Growth
![Page 18: Presentation 2006 Results - English FINAL · Annual Results Presentation 2006 SWX, February 9, 2007 . 2 • Introduction • Key figures2006 ... • Mobile trading(Wap) • New OTC](https://reader036.vdocuments.mx/reader036/viewer/2022070811/5f09a5a87e708231d427d6a4/html5/thumbnails/18.jpg)
18
…… and 245m net new and 245m net new moniesmonies
245
0250500750
1'0001'2501'5001'7502'0002'2502'5002'7503'0003'2503'5003'7504'0004'2504'5004'750
Q2-03
Q3-03
Q4-03
Q1-04
Q2-04
Q3-04
Q4-04
Q1-05
Q2-05
Q3-05
Q4-05
Q1-06
Q2-06
Q3-06
Q4-06
Net Assets InflowCHF Mio
![Page 19: Presentation 2006 Results - English FINAL · Annual Results Presentation 2006 SWX, February 9, 2007 . 2 • Introduction • Key figures2006 ... • Mobile trading(Wap) • New OTC](https://reader036.vdocuments.mx/reader036/viewer/2022070811/5f09a5a87e708231d427d6a4/html5/thumbnails/19.jpg)
19
Client Client growthgrowth isis acceleratingaccelerating
20000
25000
30000
35000
40000
45000
50000
55000
60000
65000
7000001-03
04-03
07-03
10-03
01-04
04-04
07-04
10-04
01-05
04-05
07-05
10-05
01-06
04-06
07-06
10-06
01-07
0
20
40
60
80
100
120
140
160
180
200Total Accounts Requests
![Page 20: Presentation 2006 Results - English FINAL · Annual Results Presentation 2006 SWX, February 9, 2007 . 2 • Introduction • Key figures2006 ... • Mobile trading(Wap) • New OTC](https://reader036.vdocuments.mx/reader036/viewer/2022070811/5f09a5a87e708231d427d6a4/html5/thumbnails/20.jpg)
20
HNWI clients are HNWI clients are growinggrowing fasterfaster
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
2003 2004 2005 2006
Original Clients
Emergent Client
![Page 21: Presentation 2006 Results - English FINAL · Annual Results Presentation 2006 SWX, February 9, 2007 . 2 • Introduction • Key figures2006 ... • Mobile trading(Wap) • New OTC](https://reader036.vdocuments.mx/reader036/viewer/2022070811/5f09a5a87e708231d427d6a4/html5/thumbnails/21.jpg)
21
Balance Balance sheetsheet
![Page 22: Presentation 2006 Results - English FINAL · Annual Results Presentation 2006 SWX, February 9, 2007 . 2 • Introduction • Key figures2006 ... • Mobile trading(Wap) • New OTC](https://reader036.vdocuments.mx/reader036/viewer/2022070811/5f09a5a87e708231d427d6a4/html5/thumbnails/22.jpg)
22
Balance Balance sheetsheet
67.0
610.0
692.0
93.5
910.4
1033.0
- 200.0 400.0 600.0 800.0 1,000.0 1,200.0
Equity
Due to customers
Total balance
sheet
CHFm
2005 2006
![Page 23: Presentation 2006 Results - English FINAL · Annual Results Presentation 2006 SWX, February 9, 2007 . 2 • Introduction • Key figures2006 ... • Mobile trading(Wap) • New OTC](https://reader036.vdocuments.mx/reader036/viewer/2022070811/5f09a5a87e708231d427d6a4/html5/thumbnails/23.jpg)
23
Structure of Structure of assetsassets atat 31.12.200631.12.2006
Structure of assets
91%
6%
1%
1%
1%9%
Cash Loans to customersProperty & systems Deferred taxesOther assets
![Page 24: Presentation 2006 Results - English FINAL · Annual Results Presentation 2006 SWX, February 9, 2007 . 2 • Introduction • Key figures2006 ... • Mobile trading(Wap) • New OTC](https://reader036.vdocuments.mx/reader036/viewer/2022070811/5f09a5a87e708231d427d6a4/html5/thumbnails/24.jpg)
24
Structure of Structure of assetsassets atat 31.12.200631.12.2006
Structure of liabilities and equity
88%
3%
9%
12%
Due to customers Other liabilities Equity
![Page 25: Presentation 2006 Results - English FINAL · Annual Results Presentation 2006 SWX, February 9, 2007 . 2 • Introduction • Key figures2006 ... • Mobile trading(Wap) • New OTC](https://reader036.vdocuments.mx/reader036/viewer/2022070811/5f09a5a87e708231d427d6a4/html5/thumbnails/25.jpg)
25
Distribution of profitsDistribution of profits
![Page 26: Presentation 2006 Results - English FINAL · Annual Results Presentation 2006 SWX, February 9, 2007 . 2 • Introduction • Key figures2006 ... • Mobile trading(Wap) • New OTC](https://reader036.vdocuments.mx/reader036/viewer/2022070811/5f09a5a87e708231d427d6a4/html5/thumbnails/26.jpg)
26
Operating profitOperating profit 34.8m34.8m
IncomeIncome taxtax, net, net 1.7m1.7m
Net profitNet profit 36.5m36.5m
EarningsEarnings per per shareshare 25.8425.84
20052005
13.0m13.0m
1.7m1.7m
14.7m14.7m
10.5610.56
ProfitProfit
20062006
![Page 27: Presentation 2006 Results - English FINAL · Annual Results Presentation 2006 SWX, February 9, 2007 . 2 • Introduction • Key figures2006 ... • Mobile trading(Wap) • New OTC](https://reader036.vdocuments.mx/reader036/viewer/2022070811/5f09a5a87e708231d427d6a4/html5/thumbnails/27.jpg)
27
Distribution of profit and Distribution of profit and shareshare splitsplit
• The board will propose to the GA a further distribution
to shareholders in the form of
• A capital reduction of CHF 3.- per share
• A dividend of CHF 2.- per share
• 10 for 1 split
1.00
2.00
2.00
3.00
0
1
2
3
4
5
6
2004 2005 2006
Capital Reduction
Dividend
![Page 28: Presentation 2006 Results - English FINAL · Annual Results Presentation 2006 SWX, February 9, 2007 . 2 • Introduction • Key figures2006 ... • Mobile trading(Wap) • New OTC](https://reader036.vdocuments.mx/reader036/viewer/2022070811/5f09a5a87e708231d427d6a4/html5/thumbnails/28.jpg)
28
System expansion and new servicesSystem expansion and new services
![Page 29: Presentation 2006 Results - English FINAL · Annual Results Presentation 2006 SWX, February 9, 2007 . 2 • Introduction • Key figures2006 ... • Mobile trading(Wap) • New OTC](https://reader036.vdocuments.mx/reader036/viewer/2022070811/5f09a5a87e708231d427d6a4/html5/thumbnails/29.jpg)
29
System expansion 2006System expansion 2006
• Mobile trading (Wap)
• New OTC trading with German issuers (Deutsche Bank,
Commerzbank, Citigroup, Goldman Sachs and HSBC)
• New Stock Exchanges: London and Smart Trading
• New online wealth management tool: "Profit & Loss"
• New financial data provider: Reuters
• Further development of the AM tool for asset managers
• Launch of the "AWP Premium News Service" for clients
![Page 30: Presentation 2006 Results - English FINAL · Annual Results Presentation 2006 SWX, February 9, 2007 . 2 • Introduction • Key figures2006 ... • Mobile trading(Wap) • New OTC](https://reader036.vdocuments.mx/reader036/viewer/2022070811/5f09a5a87e708231d427d6a4/html5/thumbnails/30.jpg)
30
Business modelBusiness model
![Page 31: Presentation 2006 Results - English FINAL · Annual Results Presentation 2006 SWX, February 9, 2007 . 2 • Introduction • Key figures2006 ... • Mobile trading(Wap) • New OTC](https://reader036.vdocuments.mx/reader036/viewer/2022070811/5f09a5a87e708231d427d6a4/html5/thumbnails/31.jpg)
31
SelectedSelected EuropeanEuropean marketmarket playersplayers by countryby country
France
Population: 60.7 MM
– Boursorama
– CortalConsors
– Comdirect
– Fineco
– Neonet
Greece
Population: 11.2 MM
– National Bank of Greece
– I.E.C. Haramis
Spain
Population: 41.8 MM
– CortalConsors
– Boursorama
– Bankinter
– Openbank
– Fineco
Italy
Population: 57.4 MM
– Fineco
– CortalConsors
– Comdirect
– Neonet
UK
Population: 59.9 MM
– TD Waterhouse
– Squaregain
– Barclays Stockbroker
– Selftrade
– Hoodless Brennan
– Comdirect
– Boursorama
– Charles Schwab
– Neonet
Switzerland
Population: 7.5 MM
– Swissquote
– Trade-Net
– Yellowtrade (Postfinance)
– E-Sider (BCV)
– Synthesis Bank
– Tradejet
Austria
Population: 8.2 MM
– DAB Bank
– Direkt Anlage Service AG
– CA-Discount Broker
– Comdirekt
– Erste.NetTrading
Belgium
Population: 10.4 MM
– Fortis DAD
– CERA
– Binck NV
– CortalConsors
Sweden
Population: 9.0 MM
– Aktiedirekt
– Aktieinvest
– AktieSpar Online
– Avanza
– E*Trade Sverige
– Neonet
– Nordnet
– SEB
Norway
Population: 4.6 MM
– NetTrade
– E*Trade Norway
– Nordnet
Luxembourg
Population: 0.5 MM
– Internaxx
– Nordnet
– CortalConsors
– Fineco
Poland
Population: 38.5 MM
– Bankowy Dom Maklerski
PKO BP S.A.
– Biuro Maklerskie BPH -
PBK S.A.
– Centralny Dom Maklerski
Pekao S.A.
– Internetowy Dom Maklerski
S.A
– mBank
Hungary
Population: 10.1 MM
– Intereuropa Bank Rt
– Erste.NetTrading
– Elso Internet Broker Kft
Denmark
Population: 5.3 MM
– Nordnet
– Saxo bank
– Euroinvestor
– Stocknet
Netherlands
Population: 16.2 MM
– Alex (Rabobank)
– Binck NV
Germany
Population: 82.6 MM
– DAB Bank
– CortalConsors
– Comdirekt
– Boursorama
– DiBa (ING)
– Fineco
– Neonet
![Page 32: Presentation 2006 Results - English FINAL · Annual Results Presentation 2006 SWX, February 9, 2007 . 2 • Introduction • Key figures2006 ... • Mobile trading(Wap) • New OTC](https://reader036.vdocuments.mx/reader036/viewer/2022070811/5f09a5a87e708231d427d6a4/html5/thumbnails/32.jpg)
32
EquityEquity ownershipownership in in SwitzerlandSwitzerland
Swiss Banking Institute © Cocca / Volkart / Schmid
Universität Zürich
![Page 33: Presentation 2006 Results - English FINAL · Annual Results Presentation 2006 SWX, February 9, 2007 . 2 • Introduction • Key figures2006 ... • Mobile trading(Wap) • New OTC](https://reader036.vdocuments.mx/reader036/viewer/2022070811/5f09a5a87e708231d427d6a4/html5/thumbnails/33.jpg)
33
Swiss Banking Institute © Cocca / Volkart / Schmid
Universität Zürich
Information mediaInformation media
![Page 34: Presentation 2006 Results - English FINAL · Annual Results Presentation 2006 SWX, February 9, 2007 . 2 • Introduction • Key figures2006 ... • Mobile trading(Wap) • New OTC](https://reader036.vdocuments.mx/reader036/viewer/2022070811/5f09a5a87e708231d427d6a4/html5/thumbnails/34.jpg)
34
Swiss Banking Institute © Cocca / Volkart / Schmid
Universität Zürich
WebsiteWebsite usageusage
![Page 35: Presentation 2006 Results - English FINAL · Annual Results Presentation 2006 SWX, February 9, 2007 . 2 • Introduction • Key figures2006 ... • Mobile trading(Wap) • New OTC](https://reader036.vdocuments.mx/reader036/viewer/2022070811/5f09a5a87e708231d427d6a4/html5/thumbnails/35.jpg)
35
Swiss Banking Institute © Cocca / Volkart / Schmid
Universität Zürich
InvestmentInvestment goals goals withwith privateprivate equityequity investmentsinvestments
![Page 36: Presentation 2006 Results - English FINAL · Annual Results Presentation 2006 SWX, February 9, 2007 . 2 • Introduction • Key figures2006 ... • Mobile trading(Wap) • New OTC](https://reader036.vdocuments.mx/reader036/viewer/2022070811/5f09a5a87e708231d427d6a4/html5/thumbnails/36.jpg)
36
Swiss Banking Institute © Cocca / Volkart / Schmid
Universität Zürich
Transmission of stock Transmission of stock ordersorders
![Page 37: Presentation 2006 Results - English FINAL · Annual Results Presentation 2006 SWX, February 9, 2007 . 2 • Introduction • Key figures2006 ... • Mobile trading(Wap) • New OTC](https://reader036.vdocuments.mx/reader036/viewer/2022070811/5f09a5a87e708231d427d6a4/html5/thumbnails/37.jpg)
37
MarketMarket potentialpotential* in * in SwitzerlandSwitzerland
*No. of clients (source: Swissquote & Handelszeitung)
28%60%
12%
Existing Online Clients Next Adopters Not Online Affine Yet
• Over the medium term, up to 40% of shareholders in
Switzerland (400,000 clients) will be using online services
such as Swissquote's
• 125,000 already have an online account with a low cost
online bank
• 310,000 clients regularly use the internet to send stock
exchange orders
![Page 38: Presentation 2006 Results - English FINAL · Annual Results Presentation 2006 SWX, February 9, 2007 . 2 • Introduction • Key figures2006 ... • Mobile trading(Wap) • New OTC](https://reader036.vdocuments.mx/reader036/viewer/2022070811/5f09a5a87e708231d427d6a4/html5/thumbnails/38.jpg)
38
SwissquoteSwissquote's's marketmarket shareshare
52%
48%
Swissquote Other Online Broker
*No. of clients (source: Swissquote & Handelszeitung)
• Swissquote has a market share of 52%
• Swissquote can grow its client base to 200,000 by 2011
(25% growth p.a.)
![Page 39: Presentation 2006 Results - English FINAL · Annual Results Presentation 2006 SWX, February 9, 2007 . 2 • Introduction • Key figures2006 ... • Mobile trading(Wap) • New OTC](https://reader036.vdocuments.mx/reader036/viewer/2022070811/5f09a5a87e708231d427d6a4/html5/thumbnails/39.jpg)
39
ConclusionConclusion
• In every European country a market leader has emerged
with a strong affinity to the local retail market.
• Cross-border offers and offers from foreign market leaders
are only moderately successful.
• The "Swissness" of the provider is a crucial factor.
• Switzerland’s online brokerage market still has growth
potential of over 220%. Swissquote can thus still triple its
client base.
![Page 40: Presentation 2006 Results - English FINAL · Annual Results Presentation 2006 SWX, February 9, 2007 . 2 • Introduction • Key figures2006 ... • Mobile trading(Wap) • New OTC](https://reader036.vdocuments.mx/reader036/viewer/2022070811/5f09a5a87e708231d427d6a4/html5/thumbnails/40.jpg)
40
ConclusionConclusion
• To exhaust this potential a provider must:
1. Offer a broad product range
2. Have a strong information platform
3. Have inhouse technlogy
4. Provide tools that help the client to make investment
decisions
5. Ensure good conditions in all product categories
![Page 41: Presentation 2006 Results - English FINAL · Annual Results Presentation 2006 SWX, February 9, 2007 . 2 • Introduction • Key figures2006 ... • Mobile trading(Wap) • New OTC](https://reader036.vdocuments.mx/reader036/viewer/2022070811/5f09a5a87e708231d427d6a4/html5/thumbnails/41.jpg)
41
Outlook and goals for 2007Outlook and goals for 2007
![Page 42: Presentation 2006 Results - English FINAL · Annual Results Presentation 2006 SWX, February 9, 2007 . 2 • Introduction • Key figures2006 ... • Mobile trading(Wap) • New OTC](https://reader036.vdocuments.mx/reader036/viewer/2022070811/5f09a5a87e708231d427d6a4/html5/thumbnails/42.jpg)
42
Goals for 2007Goals for 2007
• Energetic growth in all client groups
16,000 new clients in 2007 (80,000 clients in all) with 1
billion in new money
• Expand services and establish links with new exchanges
(Eurex in the 1st quarter 2007) and new investment decision
tools
• Further increase in productivity and reduction of costs per
client in 2007
• Partnership with Swisscom to be expanded further
• Sponsoring contract with SF1 TV renewed until August
2008
![Page 43: Presentation 2006 Results - English FINAL · Annual Results Presentation 2006 SWX, February 9, 2007 . 2 • Introduction • Key figures2006 ... • Mobile trading(Wap) • New OTC](https://reader036.vdocuments.mx/reader036/viewer/2022070811/5f09a5a87e708231d427d6a4/html5/thumbnails/43.jpg)
43
PartnershipPartnership withwith SwisscomSwisscom
![Page 44: Presentation 2006 Results - English FINAL · Annual Results Presentation 2006 SWX, February 9, 2007 . 2 • Introduction • Key figures2006 ... • Mobile trading(Wap) • New OTC](https://reader036.vdocuments.mx/reader036/viewer/2022070811/5f09a5a87e708231d427d6a4/html5/thumbnails/44.jpg)
44
![Page 45: Presentation 2006 Results - English FINAL · Annual Results Presentation 2006 SWX, February 9, 2007 . 2 • Introduction • Key figures2006 ... • Mobile trading(Wap) • New OTC](https://reader036.vdocuments.mx/reader036/viewer/2022070811/5f09a5a87e708231d427d6a4/html5/thumbnails/45.jpg)
45
1st quarter 20071st quarter 2007
• The 1st quarter is going well
• Strong growth in clients and client assets
64000
64500
65000
65500
66000
66500
67000
67500
68000
68500
69000
01.0
1
08.0
1
15.0
1
22.0
1
29.0
1
05.0
2
12.0
2
19.0
2
26.0
2
05.0
3
12.0
3
19.0
3
26.0
3
Total Accounts Target