ICE Intercontinental Exchange Inc

Intercontinental Exchange (NYSE: ICE):

• Record 3Q24 net revenues of $2.3 billion, +17% y/y

 

• 3Q24 GAAP diluted earnings per share (EPS) of $1.14, +19% y/y

 

• 3Q24 adj. diluted EPS of $1.55, +6% y/y

 

• Record 3Q24 operating income of $1.1 billion, +31% y/y; record adj. operating income of $1.4 billion, +17% y/y

 

• 3Q24 operating margin of 47%; adj. operating margin of 59%

 

 

Jeffrey C. Sprecher,ICE Chair & Chief Executive Officer, said,"We are pleased to report our third quarter results that extend our track record of revenue and earnings per share growth. Our customers continue to rely on our mission-critical data and technology to manage their risk and capture workflow efficiencies amid a dynamic macroeconomic environment. As we look to the balance of the year and beyond, our focus remains on capitalizing on our world class technology, innovative culture and operating expertise to better serve our customers and create value for our stockholders."

Intercontinental Exchange (NYSE: ICE), a leading global provider of technology and data, today reported financial results for the third quarter of 2024. For the quarter ended September 30, 2024, consolidated net income attributable to ICE was $657 million on $2.3 billion of consolidated revenues, less transaction-based expenses. Third quarter GAAP diluted EPS were $1.14. Adjusted net income attributable to ICE was $894 million in the third quarter and adjusted diluted EPS were $1.55. Please refer to the reconciliation of non-GAAP financial measures included in this press release for more information on our adjusted operating expenses, adjusted operating income, adjusted operating margin, adjusted net income, adjusted diluted EPS and adjusted free cash flow.

Warren Gardiner, ICE Chief Financial Officer, added: "Our record third quarter revenue and operating income reflect the power of our balanced and diverse business model, which through an array of macroeconomic environments, continues to deliver consistent and compounding growth. Combined with our strong cash flows, we continue to make progress executing on our deleveraging plan while also investing in future growth."

Third Quarter 2024 Business Highlights

Third quarter consolidated net revenues were $2.3 billion including exchange net revenues of $1.3 billion, fixed income and data services revenues of $586 million and mortgage technology revenues of $509 million. Consolidated operating expenses were $1.2 billion for the third quarter of 2024. On an adjusted basis, consolidated operating expenses were $960 million. Consolidated operating income for the third quarter was $1.1 billion, and the operating margin was 47%. On an adjusted basis, consolidated operating income for the third quarter was $1.4 billion, and the adjusted operating margin was 59%.

$ (in millions)

Net Revenues

Op Margin

Adj Op Margin

 

3Q24

Exchanges

$1,254

76%

75%

Fixed Income and Data Services

$586

36%

45%

Mortgage Technology

$509

(11)%

35%

Consolidated

$2,349

47%

59%

 

 

 

 

 

3Q24

3Q23

% Chg

Recurring Revenues

$1,212

$1,031

18%

Transaction Revenues, net

$1,137

$972

17%

Exchanges Segment Results

Third quarter exchange net revenues were $1.3 billion. Exchange operating expenses were $307 million and on an adjusted basis, were $309 million in the third quarter. Segment operating income for the third quarter was $947 million, and the operating margin was 76%. On an adjusted basis, operating income was $945 million, and the adjusted operating margin was 75%.

$ (in millions)

3Q24

3Q23

% Chg

Const Curr(1)

Revenues, net:

 

 

 

 

Energy

$473

$384

23%

23%

Ags and Metals

60

61

(3)%

(3)%

Financials(2)

141

112

26%

23%

Cash Equities and Equity Options, net

107

93

15%

15%

OTC and Other(3)

109

104

5%

5%

Data and Connectivity Services

242

236

3%

3%

Listings

122

124

(1)%

(1)%

Segment Revenues

$1,254

$1,114

13%

12%

 

 

 

 

 

Recurring Revenues

$364

$360

1%

1%

Transaction Revenues, net

$890

$754

18%

17%

 

(1) Net revenues in constant currency are calculated holding both the pound sterling and euro at the average exchange rate from 3Q23, 1.2660 and 1.0881, respectively.

(2) Financials include interest rates and other financial futures and options.

(3) OTC & other includes net interest income and fees on certain clearing margin deposits, regulatory penalties and fines, fees for use of our facilities, regulatory fees charged to member organizations of our U.S. securities exchanges, designated market maker service fees, exchange member fees, and agriculture grading and certification fees.

Fixed Income and Data Services Segment Results

Third quarter fixed income and data services revenues were $586 million. Fixed income and data services operating expenses were $376 million, and adjusted operating expenses were $323 million in the third quarter. Segment operating income for the third quarter was $210 million, and the operating margin was 36%. On an adjusted basis, operating income was $263 million, and the adjusted operating margin was 45%.

$ (in millions)

3Q24

3Q23

% Chg

Const Curr(1)

Revenues:

 

 

 

 

Fixed Income Execution

$28

$29

(2)%

(2)%

CDS Clearing

97

94

3%

3%

Fixed Income Data and Analytics

295

279

6%

6%

Other Data and Network Services

166

157

6%

5%

Segment Revenues

$586

$559

5%

5%

 

 

 

 

 

Recurring Revenues

$461

$436

6%

6%

Transaction Revenues

$125

$123

2%

2%

 

(1) Net revenues in constant currency are calculated holding both the pound sterling and euro at the average exchange rate from 3Q23, 1.2660 and 1.0881, respectively.

Mortgage Technology Segment Results

Third quarter mortgage technology revenues were $509 million. Mortgage technology operating expenses were $563 million, and adjusted operating expenses were $328 million in the third quarter. Segment operating loss for the third quarter was $54 million, and the operating margin was (11)%. On an adjusted basis, operating income was $181 million, and the adjusted operating margin was 35%.

$ (in millions)

3Q24

3Q23

% Chg

Revenues:

 

 

 

Origination Technology

$182

$172

6%

Closing Solutions

54

48

12%

Servicing Software

209

69

n/a

Data and Analytics

64

41

55%

Segment Revenues

$509

$330

54%

 

 

 

 

Recurring Revenues

$387

$235

64%

Transaction Revenues

$122

$95

29%

Other Matters

• Operating cash flow through the third quarter of 2024 was $3.1 billion and adjusted free cash flow was $2.6 billion.
• Unrestricted cash was $755 million and outstanding debt was $21.2 billion as of September 30, 2024.
• Through the third quarter of 2024, ICE paid $780 million in dividends.

Updated Financial Guidance

• ICE's fourth quarter 2024 GAAP operating expenses are expected to be in a range of $1.23 billion to $1.24 billion. Adjusted operating expenses(1) are expected to be in a range of $977 million to $987 million.
• ICE's fourth quarter 2024 GAAP and adjusted non-operating expense(2) are both expected to be in the range of $180 million to $185 million.
• ICE's diluted share count for the fourth quarter is expected to be in the range of 574 million to 580 million weighted average shares outstanding.
• ICE's full year 2024 capital expenditures are now expected to be in a range of $700 million to $740 million.

(1) 4Q 2024 non-GAAP operating expenses exclude amortization of acquisition-related intangibles, duplicate rent expenses, and Black Knight integration costs.

(2) Non-operating expense includes interest income, interest expense and net other income/expense. Non-GAAP non-operating expense excludes equity earnings/losses from unconsolidated investees.

Earnings Conference Call Information

ICE will hold a conference call today, October 31, 2024, at 8:30 a.m. ET to review its third quarter 2024 financial results. A live audio webcast of the earnings call will be available on the company's website at www.ice.com in the investor relations section. Participants may also listen via telephone by dialing 833-470-1428 from the United States or 929-526-1599 from outside of the United States. Telephone participants are required to provide the participant entry number 821839 and are recommended to call 10 minutes prior to the start of the call. The call will be archived on the company's website for replay.

The conference call for the fourth quarter 2024 earnings has been scheduled for February 6th, 2025 at 8:30 a.m. ET. Please refer to the Investor Relations website at www.ir.theice.com for additional information.

Historical futures, options and cash ADV, rate per contract, open interest data and CDS cleared information can be found at: https://ir.theice.com/investor-resources/supplemental-information/default.aspx

Consolidated Statements of Income

(In millions, except per share amounts)

(Unaudited)

 

 

Nine Months Ended September 30,

Three Months Ended September 30,

Revenues:

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Exchanges

$

5,498

 

$

4,754

 

$

1,938

 

$

1,540

 

Fixed income and data services

 

1,719

 

 

1,668

 

 

586

 

 

559

 

Mortgage technology

 

1,514

 

 

815

 

 

509

 

 

330

 

Total revenues

 

8,731

 

 

7,237

 

 

3,033

 

 

2,429

 

Transaction-based expenses:

 

 

 

 

Section 31 fees

 

437

 

 

231

 

 

232

 

 

56

 

Cash liquidity payments, routing and clearing

 

1,338

 

 

1,219

 

 

452

 

 

370

 

Total revenues, less transaction-based expenses

 

6,956

 

 

5,787

 

 

2,349

 

 

2,003

 

 

 

 

 

 

Operating expenses:

 

 

 

 

Compensation and benefits

 

1,422

 

 

1,103

 

 

487

 

 

400

 

Professional services

 

114

 

 

88

 

 

40

 

 

31

 

Acquisition-related transaction and integration costs

 

88

 

 

201

 

 

37

 

 

155

 

Technology and communication

 

631

 

 

529

 

 

212

 

 

184

 

Rent and occupancy

 

89

 

 

65

 

 

30

 

 

20

 

Selling, general and administrative

 

232

 

 

196

 

 

54

 

 

59

 

Depreciation and amortization

 

1,148

 

 

836

 

 

386

 

 

309

 

Total operating expenses

 

3,724

 

 

3,018

 

 

1,246

 

 

1,158

 

Operating income

 

3,232

 

 

2,769

 

 

1,103

 

 

845

 

Other income/(expense):

 

 

 

 

Interest income

 

105

 

 

287

 

 

39

 

 

94

 

Interest expense

 

(697

)

 

(557

)

 

(223

)

 

(206

)

Other income/(expense), net

 

83

 

 

(121

)

 

(21

)

 

(51

)

Total other income/(expense), net

 

(509

)

 

(391

)

 

(205

)

 

(163

)

Income before income tax expense

 

2,723

 

 

2,378

 

 

898

 

 

682

 

Income tax expense

 

630

 

 

330

 

 

227

 

 

123

 

Net income

$

2,093

 

$

2,048

 

$

671

 

$

559

 

Net income attributable to non-controlling interest

 

(37

)

 

(53

)

 

(14

)

 

(18

)

Net income attributable to Intercontinental Exchange, Inc.

$

2,056

 

$

1,995

 

$

657

 

$

541

 

 

 

 

 

 

Earnings per share attributable to Intercontinental Exchange, Inc. common stockholders:

 

 

 

 

Basic

$

3.59

 

$

3.56

 

$

1.15

 

$

0.96

 

Diluted

$

3.57

 

$

3.55

 

$

1.14

 

$

0.96

 

Weighted average common shares outstanding:

 

 

 

 

Basic

 

573

 

 

561

 

 

574

 

 

563

 

Diluted

 

576

 

 

562

 

 

577

 

 

565

 

Consolidated Balance Sheets

(In millions)

 

 

As of

 

 

September 30, 2024

As of

 

(Unaudited)

December 31, 2023

Assets:

 

 

Current assets:

 

 

Cash and cash equivalents

$

755

 

$

899

 

Short-term restricted cash and cash equivalents

 

1,243

 

 

531

 

Short-term restricted investments

 

500

 

 

680

 

Cash and cash equivalent margin deposits and guaranty funds

 

78,774

 

 

78,980

 

Invested deposits, delivery contracts receivable and unsettled variation margin

 

1,119

 

 

1,814

 

Customer accounts receivable, net

 

1,565

 

 

1,366

 

Prepaid expenses and other current assets

 

739

 

 

703

 

Total current assets

 

84,695

 

 

84,973

 

Property and equipment, net

 

2,029

 

 

1,923

 

Other non-current assets:

 

 

Goodwill

 

30,598

 

 

30,553

 

Other intangible assets, net

 

16,573

 

 

17,317

 

Long-term restricted cash and cash equivalents

 

370

 

 

340

 

Other non-current assets

 

936

 

 

978

 

Total other non-current assets

 

48,477

 

 

49,188

 

Total assets

$

135,201

 

$

136,084

 

 

 

 

Liabilities and Equity:

 

 

Current liabilities:

 

 

Accounts payable and accrued liabilities

$

1,045

 

$

1,003

 

Section 31 fees payable

 

76

 

 

79

 

Accrued salaries and benefits

 

353

 

 

459

 

Deferred revenue

 

375

 

 

200

 

Short-term debt

 

2,619

 

 

1,954

 

Margin deposits and guaranty funds

 

78,774

 

 

78,980

 

Invested deposits, delivery contracts payable and unsettled variation margin

 

1,119

 

 

1,814

 

Other current liabilities

 

201

 

 

137

 

Total current liabilities

 

84,562

 

 

84,626

 

Non-current liabilities:

 

 

Non-current deferred tax liability, net

 

3,855

 

 

4,080

 

Long-term debt

 

18,581

 

 

20,659

 

Accrued employee benefits

 

178

 

 

193

 

Non-current operating lease liability

 

318

 

 

299

 

Other non-current liabilities

 

434

 

 

441

 

Total non-current liabilities

 

23,366

 

 

25,672

 

Total liabilities

 

107,928

 

 

110,298

 

 

 

 

 

 

 

Equity:

 

 

Intercontinental Exchange, Inc. stockholders’ equity:

 

 

Common stock

 

7

 

 

6

 

Treasury stock, at cost

 

(6,381

)

 

(6,304

)

Additional paid-in capital

 

16,226

 

 

15,953

 

Retained earnings

 

17,632

 

 

16,356

 

Accumulated other comprehensive loss

 

(251

)

 

(294

)

Total Intercontinental Exchange, Inc. stockholders’ equity

 

27,233

 

 

25,717

 

Non-controlling interest in consolidated subsidiaries

 

40

 

 

69

 

Total equity

 

27,273

 

 

25,786

 

Total liabilities and equity

$

135,201

 

$

136,084

 

Non-GAAP Financial Measures and Reconciliation

We use non-GAAP measures internally to evaluate our performance and in making financial and operational decisions. When viewed in conjunction with our GAAP results and the accompanying reconciliation, we believe that our presentation of these measures provides investors with greater transparency and a greater understanding of factors affecting our financial condition and results of operations than GAAP measures alone. In addition, we believe the presentation of these measures is useful to investors for period-to-period comparison of results because the items described below as adjustments to GAAP are not reflective of our core business performance. These financial measures are not in accordance with, or an alternative to, GAAP financial measures and may be different from non-GAAP measures used by other companies. We use these adjusted results because we believe they more clearly highlight trends in our business that may not otherwise be apparent when relying solely on GAAP financial measures, since these measures eliminate from our results specific financial items that have less bearing on our core operating performance. We strongly recommend that investors review the GAAP financial measures and additional non-GAAP information included in our Quarterly Report on Form 10-Q, including our consolidated financial statements and the notes thereto.

Adjusted operating expenses, adjusted operating income, adjusted operating margin, adjusted net income attributable to ICE common stockholders, adjusted diluted earnings per share and adjusted free cash flow for the periods presented below are calculated by adding or subtracting the adjustments described below, which are not reflective of our cash operations and core business performance, and their related income tax effect and other tax adjustments (in millions, except for per share amounts):

Adjusted Operating Income, Operating Margin and Operating Expense Reconciliation

(In millions)

(Unaudited)

 

 

Exchanges Segment

 

Fixed Income and Data Services Segment

 

Mortgage Technology Segment

 

Consolidated

 

Nine Months Ended September 30,

 

Nine Months Ended September 30,

 

Nine Months Ended September 30,

 

Nine Months Ended September 30,

 

2024

 

2023

 

2024

 

2023

 

2024

 

2023

 

2024

 

2023

Total revenues, less transaction-based expenses

$3,723

 

$3,304

 

$1,719

 

$1,668

 

$1,514

 

$815

 

$6,956

 

$5,787

Operating expenses

989

 

944

 

1,087

 

1,057

 

1,648

 

1,017

 

3,724

 

3,018

Less: Amortization of acquisition-related intangibles

51

 

49

 

114

 

127

 

593

 

316

 

758

 

492

Less: Transaction and integration costs

—

 

—

 

—

 

—

 

88

 

201

 

88

 

201

Less: Regulatory matter

—

 

11

 

10

 

—

 

—

 

—

 

10

 

11

Less: Other

11

 

6

 

20

 

—

 

—

 

—

 

31

 

6

Adjusted operating expenses

$927

 

$878

 

$943

 

$930

 

$967

 

$500

 

$2,837

 

$2,308

Operating income/(loss)

$2,734

 

$2,360

 

$632

 

$611

 

$(134)

 

$(202)

 

$3,232

 

$2,769

Adjusted operating income

$2,796

 

$2,426

 

$776

 

$738

 

$547

 

$315

 

$4,119

 

$3,479

Operating margin

73%

 

71%

 

37%

 

37%

 

(9)%

 

(25)%

 

46%

 

48%

Adjusted operating margin

75%

 

73%

 

45%

 

44%

 

36%

 

39%

 

59%

 

60%

Adjusted Operating Income, Operating Margin and Operating Expense Reconciliation

(In millions)

(Unaudited)

 

 

Exchanges Segment

 

Fixed Income and Data Services Segment

 

Mortgage Technology Segment

 

Consolidated

 

Three Months Ended September 30,

 

Three Months Ended September 30,

 

Three Months Ended September 30,

 

Three Months Ended September 30,

 

2024

 

2023

 

2024

 

2023

 

2024

 

2023

 

2024

 

2023

Total revenues, less transaction-based expenses

$1,254

 

$1,114

 

$586

 

$559

 

$509

 

$330

 

$2,349

 

$2,003

Operating expenses

307

 

313

 

376

 

358

 

563

 

487

 

1,246

 

1,158

Less: Amortization of acquisition-related intangibles

17

 

16

 

37

 

42

 

198

 

133

 

252

 

191

Less: Transaction and integration costs

—

 

—

 

—

 

—

 

37

 

155

 

37

 

155

Less: Regulatory matter

—

 

—

 

10

 

—

 

—

 

—

 

10

 

—

Less/(Add): Other

(19)

 

—

 

6

 

—

 

—

 

—

 

(13)

 

—

Adjusted operating expenses

$309

 

$297

 

$323

 

$316

 

$328

 

$199

 

$960

 

$812

Operating income/(loss)

$947

 

$801

 

$210

 

$201

 

$(54)

 

$(157)

 

$1,103

 

$845

Adjusted operating income

$945

 

$817

 

$263

 

$243

 

$181

 

$131

 

$1,389

 

$1,191

Operating margin

76%

 

72%

 

36%

 

36%

 

(11)%

 

(48)%

 

47%

 

42%

Adjusted operating margin

75%

 

73%

 

45%

 

44%

 

35%

 

39%

 

59%

 

59%

Adjusted Net Income Attributable to ICE and Diluted EPS

(In millions)

(Unaudited)

 

 

Nine Months Ended September 30, 2024

 

Nine Months Ended September 30, 2023

Net income attributable to ICE common stockholders

$

2,056

 

 

$

1,995

 

Add: Amortization of acquisition-related intangibles

 

758

 

 

 

492

 

Add: Transaction and integration costs

 

88

 

 

 

201

 

(Less)/Add: Litigation and regulatory matters

 

(150

)

 

 

11

 

Add: Net losses from unconsolidated investees

 

63

 

 

 

91

 

Add: Loss on sale and fair value adjustments of equity investments and dividends received

 

1

 

 

 

7

 

Less: Net interest income on pre-acquisition-related debt

 

—

 

 

 

(12

)

Add: Other

 

31

 

 

 

22

 

Less: Income tax effect for the above items

 

(199

)

 

 

(178

)

Less: Deferred tax adjustments on acquisition-related intangibles

 

(26

)

 

 

(131

)

Less: Other tax adjustments

 

—

 

 

 

(81

)

Adjusted net income attributable to ICE common stockholders

$

2,622

 

 

$

2,417

 

 

 

 

 

Diluted earnings per share attributable to ICE common stockholders

$

3.57

 

 

$

3.55

 

 

 

 

 

Adjusted diluted earnings per share attributable to ICE common stockholders

$

4.55

 

 

$

4.30

 

 

 

 

 

Diluted weighted average common shares outstanding

 

576

 

 

 

562

 

Adjusted Net Income Attributable to ICE and Diluted EPS

(In millions)

(Unaudited)

 

 

Three Months Ended September 30, 2024

 

Three Months Ended September 30, 2023

Net income attributable to ICE common stockholders

$

657

 

 

$

541

 

Add: Amortization of acquisition-related intangibles

 

252

 

 

 

191

 

Add: Transaction and integration costs

 

37

 

 

 

155

 

Add: Regulatory matter

 

10

 

 

 

—

 

Add: Net losses from unconsolidated investees

 

18

 

 

 

26

 

(Less)/Add: Loss on sale and fair value adjustments of equity investments and dividends received

 

(2

)

 

 

7

 

(Less)/Add: Other

 

(13

)

 

 

16

 

Less: Income tax effect for the above items

 

(74

)

 

 

(66

)

Add/(Less): Deferred tax adjustments on acquisition-related intangibles

 

9

 

 

 

(46

)

 

 

 

 

Adjusted net income attributable to ICE common stockholders

$

894

 

 

$

824

 

 

 

 

 

Diluted earnings per share attributable to ICE common stockholders

$

1.14

 

 

$

0.96

 

 

 

 

 

Adjusted diluted earnings per share attributable to ICE common stockholders

$

1.55

 

 

$

1.46

 

 

 

 

 

Diluted weighted average common shares outstanding

 

577

 

 

 

565

 

Adjusted Free Cash Flow Calculation

(In millions)

(Unaudited)

   

 

Nine Months Ended September 30, 2024

 

Nine Months Ended September 30, 2023

Net cash provided by operating activities

$

3,103

 

 

$

2,573

 

Less: Capital expenditures

 

(212

)

 

 

(104

)

Less: Capitalized software development costs

 

(264

)

 

 

(222

)

Free cash flow

 

2,627

 

 

 

2,247

 

Add: Section 31 fees, net

 

4

 

 

 

205

 

Adjusted free cash flow

$

2,631

 

 

$

2,452

 

About Intercontinental Exchange

Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks that connect people to opportunity. We provide financial technology and data services across major asset classes helping our customers access mission-critical workflow tools that increase transparency and efficiency. ICE’s futures, equity, and options exchanges – including the New York Stock Exchange – and clearing houses help people invest, raise capital and manage risk. We offer some of the world’s largest markets to trade and clear energy and environmental products. Our fixed income, data services and execution capabilities provide information, analytics and platforms that help our customers streamline processes and capitalize on opportunities. At ICE Mortgage Technology, we are transforming U.S. housing finance, from initial consumer engagement through loan production, closing, registration and the long-term servicing relationship. Together, ICE transforms, streamlines and automates industries to connect our customers to opportunity.

Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located at http://www.intercontinentalexchange.com/terms-of-use. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading “Key Information Documents (KIDS).”

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 - Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in Intercontinental Exchange, Inc.’s Annual Report on Form 10-K for the year ended December 31, 2023, as filed with the SEC on February 8, 2024. We caution you not to place undue reliance on these forward-looking statements. Any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement or statements to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of an unanticipated event. New factors emerge from time to time, and it is not possible for management to predict all factors that may affect our business and prospects. Further, management cannot assess the impact of each factor on the business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.

SOURCE: Intercontinental Exchange

ICE-CORP

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ICE Investor Relations Contact: Katia Gonzalez +1 678 981 3882 katia.gonzalez@ice.com

investors@ice.com

ICE Media Contact: Damon Leavell +1 212 323 8587 damon.leavell@ice.com

media@ice.com