flatexDEGIRO AG

Hello and welcome to FlatX Zero Analyst Call Quarter 3, 2024. My name is Alicia and I will be your coordinator for today's event. Please note this call is being recorded and for the duration of the call, your lines will be on listen only. However, you will have the opportunity to ask questions at the end of the call. This can be done by pressing star 1 on your telephone keyboard to register your question. If you require assistance at any point, please press star 0 and you will be connected to an operator. I will now hand you over to Flatexta Giro. Thank you.

Good morning, everyone, and many thanks for dialing in. Welcome to our analyst call relating our nine-month results, which we published yesterday evening post-market close. My name is Achim Schreck. I'm heading the investor relations team here at Flatexta Giro, and with me today, as usual, I have our CFO, Benon Janos, who in a moment will lead you through the presentation and the following Q&A. We also have with us Dr. Thomas Lindner, our global head of finance, as well as my IR colleague, Laura Hecker. I'm also delighted to welcome on this call our CEO, Oliver Behrens, who joined us today for some opening remarks. As you know, Oliver has started at FlexDigiro just three weeks ago. And as such, I ask for your understanding that he will not yet take part in the Q&A today following the presentation. And without any further ado, I'm very pleased to hand over now to Oliver. Please go ahead. The floor is yours.

Thank you very much, Achim, for the introduction. Good morning. My name is Oliver Behrens. I'm very happy to be part of the team. I'm in day 23, as Achim said. I have about 40 years of experience in the financial industry, lately as CEO of Morgan Stanley Europe S.A., I'm really very much looking forward to sizing the significant opportunity in the brokerage market and the self-directed investors with a fresh entrepreneurial spirit. I'll keep my comments short as I'm in day 23, as mentioned, and Q3 was Benon's responsibility as CFO, as well as co-CEO during the period of under review. My current priority in the first 100 days is to get a better view of LaTeX DeGiro before making strategic remarks. What I will say is this. I'm really thrilled to be appointed as CEO of LaTeX DeGiro. I think it's a wonderful company, dynamic company with an incredible team. A lot of people I've already met in person. It's well positioned in the online brokerage market with a pan-European approach. And the breadth and the depth of our product offering is fantastic. There are probably a few things to be added. And it's integrated along the process chain. But also with some not fully explored opportunities, which we will discuss during my first 100 days. And I'm happy to bring all my experience in banking and brokerage knowledge to the table to foster further growth and unlock value together with a team. The initial focus will be on new products, which we have already announced and Benon will also talk about in his speech, which is cryptocurrencies, i.e., direct trading rather than via ETNs. And personal pension accounts, I think, will be very interesting because they are contemplated by the German government, and this could increase the overall market for custody accounts and interested population for the German pension system, which could be comparable to 401 in the U.S. I think this will be, we will be able to make a difference for our clients, provided they will be introduced as a means of private retirement provisions, and the current discussion is also to offer tax benefits for limited investment amounts. I think this provides a basis for more equity investments in the German market that could unlock further value for the market and potential growth for Flatex De Giro. Financial year 2024 provides a strong basis to further develop Flatex De Giro's strong operating performance in the first nine months. And I think we are on the way to post record results for 2024. With this, I would like to close my short opening remarks and hand over to Benon for the Q3 presentation, as well as for the following Q&A. I thank you for your understanding that I will not yet join the Q&A during this call, but I look really forward to working with all of you in the future. I guess the preliminary results for fiscal year 2024 in February 2025 will be the right opportunity to do so. Thank you very much. Over to you, Benon.