Virtu Financial(VIRT) - 2023 Q2 - Earnings Call Presentation

Financial Performance - Adjusted Net Trading Income (NTI) was $279 million in 2Q 2023[5] - Adjusted NTI per day was $4.5 million in 2Q 2023[5] - Normalized Adjusted EPS was $0.37 in 2Q 2023[5] - Adjusted EBITDA was $122 million with a margin of 44% in 2Q 2023[5] - Growth initiatives generated $397 thousand per day of Adjusted NTI, representing 9% of firmwide Adjusted NTI in 2Q 2023[6] Capital Management - The company repurchased 2.3 million shares for $42 million in 2Q 2023[6] - Cumulative repurchases reached 38.5 million shares for over $1 billion, representing 15% of shares outstanding, net of issuances[6] - Quarterly dividend of $0.24 per share was maintained[17] Market Metrics - US Equity Consolidated Volume averaged 11,270 million shares daily YTD 2023[12] - US Equity Consolidated Notional Volume averaged $510 billion daily YTD 2023[12] - S&P 500 Average Implied Volatility (VIX) averaged 18.6 YTD 2023[12] Operating Expenses and Debt - Adjusted Cash Operating Expenses were $157 million in 2Q 2023[23] - Total Adjusted Operating Expenses were $173 million in 2Q 2023[23] - Long-Term Debt was $1,806 million with a Debt to LTM Adjusted EBITDA ratio of 2.8x[24]