BM&FBOVESPA S.A.'s 4Q09 GAAP Net Income Reached BRL220.2 Million with Earnings Per Share of BRL0.110, an 8.8% Rise Over Pro Forma Net Income for the Same Period One Year Ago

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SAO PAULO, Feb. 24 /PRNewswire-FirstCall/ -- The Brazilian Securities, Commodities and Futures Exchange's (Reuters BVMF3.SA, Bloomberg BVMF3 BZ BRL; Dow Jones BVMF3.BR) GAAP Net income reached BRL220.2 million with earnings per share of BRL0.110, an 8.8% rise over pro forma net income for the same period one year ago. Adjusted net income (as adjusted by items with no impact on cash flow) totaled BRL315.3 million, with adjusted EPS of BRL0.157.

4Q09 net revenues of BRL424.8 million increased 19.5% from the same quarter one year ago (pro forma). In a comparison of the twelve months to December 2009, net revenues dropped 6.2% to BRL1,502.5 million.

4Q09 operating expenses reached BRL160.4 million, a 25.2% increase from 4Q08 (pro forma) and a 21.0% increase from 3Q09. In 2009, recurring expenses reached BRL446.7 million, a 12.9% drop from 2008 (pro forma), as adjusted by expenses related to employee compensation in 1Q09 (BRL18 million) and in line with the target of BRL450.0 million for 2009.

EBITDA totaled BRL276.4 million for the fourth quarter, up 17.3% from 4Q08 (pro forma), and BRL975.1 million for the twelve months to December 2009, a year-on-year drop of 10.5%. The EBITDA margin decreased by 3.1 p.p., in a comparison of the quarters to December 2009 (64.9%) and December 2008 (68.0%) (In 2009 BRL59.6 million were accounted related to the recognition of the Stock Options costs). The fourth quarter 2009 EBITDA was 5.5% compared to third quarter.

The Company announced a MoU with CME Group about a global preferred strategic partnership involving investments of BRL620.0 million from BVMF to increase its stake to 5% in the North-American exchange. The board of directors proposed distributions of BRL248 million as dividends related to 2009 and BRL 30 million as Interest on Capital related to 2010.

To access BM&FBOVESPA's 4Q09 Earnings Release go to http://tiny.cc/27Tdw

About BM&FBOVESPA

BM&FBOVESPA S.A. was created in 2008 with the integration between the Brazilian Mercantile & Futures Exchange (BM&F) and the Sao Paulo Stock Exchange (Bovespa). Together, the companies have created one of the largest listed exchange groups in the world, the second in the Americas, and the leading exchange in Latin America. The Exchange features a vertically integrated business model, with trading, registration, netting, settlement, risk management, market data, and central securities depository services. BM&FBOVESPA's state-of-the-art technological resources provide investors with an efficient and secure trading and post-trading environment. Among its broad range of trading products, the Brazilian Exchange offers equities, securities, financial assets, indices, interest rates and agricultural commodities.

    BM&FBOVESPA S.A.
    Communications Department
    Press Office
    Telephones: 55-11-2565-7865 / 55-11-2565-7746
    E-mail: [email protected]

SOURCE BM&FBOVESPA