BYMA announces results for 2Q22

Buenos Aires, Argentina, August 11th, 2022. - Bolsas y Mercados Argentinos S.A. (BYMA: BYMA) reported today financial results for the 3-month period ended on June 30th, 2022 (2Q22).

It is important to mention that in compliance with IAS 29, BYMA presents its financial statement adjusted by inflation. All monetary figures from 2022, as well as those from 2021, are expressed in pesos adjusted by inflation as of June 2022.

.

1

Summary of income statement (inflation adjusted) for the three-month period ended on June 30th, 2022.

  • Revenues from the CSD (Caja de Valores) reached ARS 972 million, compared to ARS 1.029 million reached in the second quarter of 2021.
  • Revenues from the Exchange were ARS 1,014 million compared to ARS 1,082 million in 2Q21.
  • Operating Financial income added up to ARS 313 million. In 2Q21, this figure was ARS 724 million.
  • Total expenses in 2Q22 were ARS 1,389 million, compared to ARS 1,621 million in 2Q21.
  • The adjustment due to inflation for 2Q22 was negative in ARS 4,654 million. For 2Q21 this adjustment was also negative but for ARS 3,347 million.
  • Financial income reached ARS 2,953 million, against ARS 2,173 million for the second quarter of 2021.
  • Iflation adjusted Net profits for the 2Q22 were negative by ARS 943 million. For 2q-21, this figure was negative by ARS 622 million.

2

Non-inflation adjusted data: 2Q22 and historical data

As previously mentioned, BYMA's financial statements are presented in inflation adjusted terms (CPI). However, to allow for a proper comparison of historical figures, we present the non-adjusted figures for 2Q-22 as well as previous quarter's figures.

Profits were ARS 3,507 million, implying an increase of 110.5% compared to the same period of 2021 (ARS 1,841 million).

Operating income for the 2Q22 were ARS 2,145 million, which resulted in a28% y-o-y increase

Revenues from the Exchange added up to ARS 966 million, up by 51% when compared to 2Q21. They explained 455 of 2Q-22 total revenues.

Revenues of the Depositary (ARS 903.6 million) explained 42% of 2Q22 total revenues, with an y-o-y increase of 40%.

The remaining income belonged to Other Operating Income (financial income), for a total of ARS 276 million.

In this way, BYMA has a balanced revenue structure between the Exchange and the Depositary.

Operating Expenses for the quarter (including Depreciation and Amortization) reached ARS 1,147 million, 30% more than in the same period of 2021 (ARS 881 million).

Depreciation and amortization were ARS 27.4 million, in line with previous quarter and slightly below the value for 2Q21.

These figures result in a 2Q22 EBITDA of ARS 1,025 million and an EBITDA margin of 47.8%. In this way quarterly EBITD margin grew 24.7% since 2Q21.

Financial income arising from investments reached ARS 2,781 million, more than twice the figures of 2Q21.

3

BYMA

2Q22

2Q21

2Q22/2Q21 (%)

6M 2022

6M 2021

6M22/6M21 (%)

ARS Millions

Revenues

1,869.5

1,286.1

45.4%

3,533.9

2,451.7

44.1%

Other operating income

276.0

388.3

-28.9%

416.3

450.1

-7.5%

Operating Expenses

1,120.0

851.6

31.5%

2,191.0

1,595.0

37.4%

EBITDA

1,025.6

822.7

24.7%

1,759.3

1,306.7

34.6%

EBITDA Margin

47.8%

49.1%

44.5%

45.0%

Revenues compared to the same quarter of the previous year

CSD: +40,1%

Mercado: +51%

ADC Services: +46,7%,

Trading, Clearing and Settlement: +47,7%

ACRyP Services: +33,7%

Market Data: +30,3%

Additional Services: +33,7%

Other revenues: +155,4%

Assets under custody and traded values

  • The value of assets under custody (quarterly average) was ARS 11,531 thousands of million, which meant a 61% growth compared to the same quarter of last year.
  • The average daily traded value of equity registered a value of ARS 4.,329million, thus representing a growth of 39% compared to the same period of 2021.
  • Concerning fixed income, total average traded value soared 182% y-o-y. This was explained by increases in average traded value of both trading segments: guaranteed segment ADTV hiked 139% y-o-y while OTC ADTV grew 198%.

BYMA

2Q22

2Q21

2Q22/2Q21 (%)

6M 2022

6M 2021

6M22/6M21 (%)

ARS Millions

Assets under Custody

11,531,098

7,160,639

61.0%

21,277,004

13,360,691

59.3%

Fixed Income (ADTV, Guaranteed)

79,532

33,206

139.5%

128,729

63,010

104.3%

Equity (ADTV)

4,329

3,113

39.1%

9,110

5,761

58.1%

4

SUMMARY OF INCOME STATEMENT (HISTORICAL FIGURES)

2Q21

2Q22

YoY %

ADC Services

467.7

686.1

46.7%

ACRyP Services

11.9

15.8

33.7%

Additional services

165.7

201.6

21.7%

CSD Revenues

645.2

903.6

40.1%

Operating fees

552.8

816.8

47.7%

Others

27.5

70.2

155.4%

Market Data

60.6

79.0

30.3%

Exchange Revenues

640.9

965.9

50.7%

Other operating Income (financial, generated by deposits)

388.3

276.0

-28.9%

Total Operating Income

1,674.3

2,145.6

28.1%

0.0

0.0%

Total Operating Expenses

851.6

1,120.0

31.5%

0.0%

EBITDA

822.7

1,025.6

24.7%

Mg EBITDA

49.1%

47.8%

-1.34 p.p

D&A

29.6

27.4

-7.3%

EBIT

793.2

998.2

25.8%

Mg EBIT

47.4%

46.5%

-0.9 p.p

Financial Income

1,344.1

2,781.0

106.9%

Participation in other companies

28.5

60.4

N/A

Others

-25.3

-24.5

N/A

EBT

2,140.5

3,815.0

78.2%

Income Tax

474.00

307.83

-35.1%

Net Income

1,666.5

3,507.2

110.5%

5

This is an excerpt of the original content. To continue reading it, access the original document here.

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

Bolsas y Mercados Argentinos SA published this content on 10 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 August 2022 23:10:02 UTC.