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Barclays Financial Services Conference A Global Market Infrastructure Provider Worlds deepest and broadest source of


  1. Barclays Financial Services Conference ������������ �� ������

  2. A Global Market Infrastructure Provider � World’s deepest and broadest source of ���� �� ���+�������������#��� �����$�����%��� ������������� � �������������������� ���+������*���,��* � Energy, Ags & Metals � Rates & FX ������� � Equities � Fixed Income & Credit � �������������� � ����� � �������� ���������!� comprehensive � "������#�����$�����%&� : risk management solutions index calculation, reporting & post.trade risk mgmt � Flexible data delivery options ���� through '�(��������)��*��� INTERCONTINENTAL EXCHANGE 2

  3. A Balanced Revenue Mix TTM Net Revenue (1) �����$�1� ���� �93�/��,�:�#���� ; 234�5��67/�%8% 3�/� � Subscription.based recurring revenue Comprehensive mission critical data & :�������� � listing services with high retention rates � Compounding organic data growth of +6% in 1H19; +5% in 2017 & 2018 1� ���� �/ � 52% adj. operating margin 0���� ��/ ��������$����������9-</��,�:�#���� ; �� �� ��������#��� � (=����� �$� -./ � Diversified transaction.based revenue 0����� �������/ � Global benchmark contracts across commodities and financials ������� � Counter.cyclical upside to increase ����#���#� � volatility/macro uncertainty .�/ � ~65% adj. operating margin (1) Net of transaction.based expenses. INTERCONTINENTAL EXCHANGE 3 Adjusted figures represent non.GAAP measures. Please refer to slides in the appendix for reconciliations to the equivalent GAAP measures.

  4. Trading & Clearing Built on Global Benchmarks � Exchanges & Clearing Houses in U.S., Canada, U.K. Europe and Singapore across major asset classes � Flagship Brent, Gasoil, global natural gas, leading European interest rates complex, MSCI and FX Scaled business with above.peer operating margins � � Commercial client base & unique data and clearing infrastructure facilitates organic product development ?�����������5� ��� ��#�� �,������������$����������:�#�������> ����)���:�#����� ��������$������������@�0�������� 2�435 �?�� 0���� 5���� ��/ �./ �3/ A�>���'������ 0�����0�� $������� ��/ �./ �� ��"�*���$� �� ��(=����� � (��� ��� � ��/ $�0����� ��/ �./ (=���%� 9�; 9�; '�( "��������� '����� �$�AB �� �$������ 3/ '����� ��:��� ��/ </ (1) Adjusted figures represent non.GAAP measures. Please refer to slides in the appendix for reconciliations to the equivalent GAAP measures. INTERCONTINENTAL EXCHANGE 4 (2) Peer group consists of CME Group Inc., Deutsche Boerse Ag, and the transaction.based businesses of Nasdaq Inc. and London Stock Exchange Plc. Source: Company’s public filings.

  5. A Leading Global Energy Ecosystem 5:()� 6���� ������ �������� )5"��� :505 �� ��� )��5� � � ��A��� ?�������0�� E����� ������ ���A����0�� )����� (D�(�� ��� D��(�� ��� EF� "1����� C�' �D5�' 6��7� ������ 6�.-� ������ �������� �������� Key ���������� �� ��� A����0�� ICE Crude Benchmarks E�� ICE Key Nat Gas Markets ICE Key Refined Oil Markets 3�G����0����'����� �� ICE Key Emissions Markets �#����������������*�� ICE Key LNG Contracts Key Global Oil & Gas Crude & crude derivatives +7% NA basis market +10% Trade Flows Refined oil products +12% TTF +47% Emissions +5% JKM +198% INTERCONTINENTAL EXCHANGE

  6. Bringing Efficiencies to the Fixed Income Workflow • .��������� fixed income securities "��+������ priced in real time ���������$� :� ������% � • H2�5� in total fixed income revenue across data & trading • Click.to.trade, RFQ and Auction (,,������� (>������� • ����������������� � provide flexibility 5� ��(>�������� • 2����������� of fixed income $�"��,�������� AUM benchmarked to ICE & ICE ����������� BofAML indices INTERCONTINENTAL EXCHANGE 6

  7. Digital Solutions for the Mortgage Workflow � 1� �������/��,��������� �����,���%�������������������� �,����*����������� � � ICE Mortgages Services has an opportunity to bring additional digital solutions to the closing process ���������C���,��* "���� �$� ����������� ��� ��� "� �+��� ��� ��������% D����*������ �(:��6�������,��� ����������� • :��� ��������(:� • ����#��%�����(:� • ���� ,�� �����(:� • ���� � • (>�������� • :�������������������� ��������������� ��#� ��������#��% • �:�������� • 5����*������#��*� • :������������ • ������ ���������� �,���� ��� � *������ ������ INTERCONTINENTAL EXCHANGE 7

  8. Unique Mission.Critical Data & Listings Services "�������$� (>������������ �� ���� �$� 1� ����� ����%��� $�A��� ��������#��% ���#��� � Real.time & historical � Leading provider of pricing data end.of.day & real. time prices on 3M � Global oil, natural � Global leader in IPO fixed income � ICE Global Network gas & agricultural proceeds with over securities commodities � Access to 150+ $20B raised in 1H19 � 2 nd largest fixed global markets � Equities & interest � NYSE Arca the income index rates � Fast, flexible and leading listings venue provider; ~5,000 secure delivery for ETFs unique indices � Consolidated Feeds: 600+ proprietary and � Reference data on third party data 13M securities sources ���#���������������$�(,,������%����� ��� ������C���,��* INTERCONTINENTAL EXCHANGE 8

  9. Compounding Growth in Data Services High Margin Mission Critical Data & Analytics Across Asset Classes ���������� ���������J��������� 9�;� 9��J����2�; '�(���������#��� �:�#���� ��J 2���<-� 6�/ ��/ 2��<7�� 2�4�5 -�/ ��� .�/ �I�< �I�� Pricing & Analytics Exchange Data & Feeds Desktops & Connectivity (1) ASV is defined as the annual value of subscriptions under contract for the succeeding 12 months. ASV does not include new INTERCONTINENTAL EXCHANGE 9 sales, contract terminations or price changes that may occur during that 12 month period or certain data services that are not subscription.based.

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