BM&FBOVESPA S.A.

- Bolsa de Valores, Mercadorias e Futuros

Demonstraes de resultados consolidados - "Pro-Forma"
(Em milhares de Reais)

Em milhares de Reais
Receita operacional
Neg. e/ou Liq - BM&F
Derivativos
Cmbio
Ativos
Bolsa Brasileira de Mercadorias
Banco
Neg. e/ou Liq. - Bovespa
Negociao - emolumentos de prego
Transaes - compensao e liquidao
Emprstimos de valores mobilirios
Listagem de valores mobilirios
Depositria, custdia e back-office
Acesso dos participantes de negociao
Outras receitas operacionais
Vendors
Taxa de classificao de mercadorias
Outras
Dividendos
Dedues da receita
PIS e Cofins
Impostos sobre servios
Receita operacional liquida
Despesas operacionais
Pessoal
Processamento de dados
Depreciao e amortizao
Servios de terceiros
Manuteno em geral
Comunicaes
Locaes
Materiais de consumo
Promoo e divulgao
Impostos e taxas
Honorrios do conselho
Diversas
Resultado operacional
Resultado financeiro
Receitas financeiras
Despesas financeiras
Resultado antes da tributao sobre o lucro
Imposto de renda e contribuio social
Proviso para imposto de renda
Proviso para contribuio social
Imposto de renda e contribuio social diferidos
Imposto de renda diferido
Contribuio social diferida
Participao minoritria
Lucro lquido do perodo
Margem Lquida
EBITDA
Margem EBITDA
Lucro Lquido Ajustado

4T09

4T08
(Pro Forma)

473,890
133,997
125,793
5,160
16
955
2,073
317,088
191,615
73,830
10,533
10,034
21,153
9,923
22,805
14,569
1,088
2,387
4,761
(49,131)
(43,347)
(5,784)
424,759
(160,372)
(74,124)
(31,186)
(12,012)
(17,303)
(2,865)
(6,969)
(984)
(740)
(5,947)
(994)
(1,367)
(5,881)
264,387
74,104
81,534
(7,430)
338,491
(1,410)
(966)
(444)
(116,961)
(86,001)
(30,960)
54
220,174
51.8%
276,399
65.1%

396,369
147,585
137,973
6,376
61
2,008
1,167
208,220
123,700
45,642
6,413
8,000
17,317
7,148
40,564
11,187
1,373
14,401
13,603
(40,855)
(36,450)
(4,405)
355,514
(128,137)
(50,945)
(28,674)
(8,212)
(10,338)
(4,051)
(5,226)
(1,083)
(985)
(5,353)
(372)
(1,856)
(11,042)
227,377
83,100
95,856
(12,756)
310,477
(96,339)
(70,751)
(25,588)
(11,128)
(8,121)
(3,007)
(606)
202,404
56.9%
235,589
66.3%

315,313

202,404

Variao
4T09/4T08
19.6%
-9.2%
-8.8%
-19.1%
-73.8%
-52.4%
77.6%
52.3%
54.9%
61.8%
64.2%
25.4%
22.2%
38.8%
-43.8%
30.2%
-20.8%
-83.4%
-65.0%
20.3%
18.9%
31.3%
19.5%
25.2%
45.5%
8.8%
46.3%
67.4%
-29.3%
33.4%
-9.1%
-24.9%
11.1%
167.2%
-26.3%
-46.7%
16.3%
-10.8%
-14.9%
-41.8%
9.0%
-98.5%
-98.6%
-98.3%
951.1%
959.0%
929.6%
-108.9%
8.8%
17.3%

55.8%

3T09
426,505
138,436
128,147
4,534
26
3,535
2,194
267,456
160,901
60,693
8,866
9,562
16,780
10,654
20,613
14,111
1,716
4,786
(43,510)
(38,406)
(5,104)
382,995
(132,502)
(63,883)
(24,233)
(11,546)
(9,370)
(2,750)
(6,219)
(558)
(713)
(5,841)
(495)
(1,184)
(5,710)
250,493
57,042
65,870
(8,828)
307,535
(544)
(338)
(206)
(60,196)
(43,462)
(16,734)
(1,029)
245,766
64.2%
262,039
68.4%
337,348

Variao
4T09/3T09
11.1%
-3.2%
-1.8%
13.8%
-38.5%
-73.0%
-5.5%
18.6%
19.1%
21.6%
18.8%
4.9%
26.1%
-6.9%
10.6%
3.2%
-36.6%
-50.1%
12.9%
12.9%
13.3%
10.9%
21.0%
16.0%
28.7%
4.0%
84.7%
4.2%
12.1%
76.3%
3.8%
1.8%
100.8%
15.5%
3.0%
5.5%
29.9%
23.8%
-15.8%
10.1%
159.2%
185.8%
115.5%
94.3%
97.9%
85.0%
-105.2%
-10.4%

2009

2008
(Pro Forma)

5.5%
-4.9%

1,672,894
552,492
516,052
20,849
155
7,146
8,290
1,032,201
617,000
232,166
32,989
39,549
70,231
40,266
88,201
57,691
4,304
13,615
12,591
(170,350)
(150,786)
(19,564)
1,502,544
(569,832)
(289,806)
(102,596)
(42,396)
(45,495)
(11,007)
(23,428)
(3,032)
(2,510)
(19,555)
(2,323)
(5,252)
(22,432)
932,712
253,862
289,686
(35,824)
1,186,574
32,085
23,890
8,195
(336,590)
(247,493)
(89,097)
(1,019)
881,050
58.6%
975,108
64.9%

1,783,358
634,230
601,275
21,302
330
7,865
3,458
1,055,028
635,091
259,355
48,528
29,776
62,523
19,755
94,100
43,359
3,535
26,556
20,650
(181,347)
(162,752)
(18,595)
1,602,011
(544,545)
(218,243)
(142,702)
(31,942)
(40,998)
(13,536)
(18,721)
(4,351)
(3,629)
(25,654)
(1,654)
(7,179)
(35,936)
1,057,466
306,093
364,859
(58,766)
1,363,559
(458,497)
(337,143)
(121,354)
6,109
4,492
1,617
(1,567)
909,605
56.8%
1,089,408
68.0%

-6.5%

1,223,763

909,605

Variao
2009/2008
-6.2%
-12.9%
-14.2%
-2.1%
-53.0%
-9.1%
139.7%
-2.2%
-2.8%
-10.5%
-32.0%
32.8%
12.3%
103.8%
-6.3%
33.1%
21.8%
-48.7%
-39.0%
-6.1%
-7.4%
5.2%
-6.2%
4.6%
32.8%
-28.1%
32.7%
11.0%
-18.7%
25.1%
-30.3%
-30.8%
-23.8%
40.4%
-26.8%
-37.6%
-11.8%
-17.1%
-20.6%
-39.0%
-13.0%
-107.0%
-107.1%
-106.8%
-5609.7%
-5609.6%
-5610.0%
-35.0%
-3.1%
-10.5%

34.5%

BM&FBOVESPA S.A. - Bolsa de Valores, Mercadorias e Futuros

Consolidated Income Statement - "Pro-Forma"
(in thousands of BRL)

in thousands of BRL
Operational Revenues
Trading / Clearing Systems - BM&F
Derivatives
Foreign Exchange
Securities
Brazilian Commodities Exchange
BM&F Bank
Trading / Clearing Systems-Bovespa
Trading fees
Clearing fees
Securities Lending
Listing
Depositary and custody
Trading access (Brokers)
Other Operational Revenues
Vendors
Commodities classification fees
Others
Dividends
Revenue deductions
PIS and Cofins
Service tax
Net Operational Revenues
Operational Expenses
Personel
Data processing
Deprec. and Amortization
Third Party Services
Maintenance
Communications
Leases
Supplies
Marketing
Taxes
Board Compensation
Other
Operating Income
Financial Income
Financial Revenues
Financial Expenses
Income before Taxes
Income Tax and Social Contribution
Income Tax
Social Contribution
Def. Inc.Tax and Soc. Contribution
Deferred income tax
Deferred social contribution
Minority Interest
Net Income
Net Margin
EBITDA
EBITDA Margin
Adjusted Net Income

4Q09

4Q08
Var.
(Pro Forma) 4Q09/4Q08

473,890
133,997
125,793
5,160
16
955
2,073
317,088
191,615
73,830
10,533
10,034
21,153
9,923
22,805
14,569
1,088
2,387
4,761
(49,131)
(43,347)
(5,784)
424,759
(160,372)
(74,124)
(31,186)
(12,012)
(17,303)
(2,865)
(6,969)
(984)
(740)
(5,947)
(994)
(1,367)
(5,881)
264,387
74,104
81,534
(7,430)
338,491
(1,410)
(966)
(444)
(116,961)
(86,001)
(30,960)
54
220,174
51.8%
276,399
65.1%

396,369
147,585
137,973
6,376
61
2,008
1,167
208,220
123,700
45,642
6,413
8,000
17,317
7,148
40,564
11,187
1,373
14,401
13,603
(40,855)
(36,450)
(4,405)
355,514
(128,137)
(50,945)
(28,674)
(8,212)
(10,338)
(4,051)
(5,226)
(1,083)
(985)
(5,353)
(372)
(1,856)
(11,042)
227,377
83,100
95,856
(12,756)
310,477
(96,339)
(70,751)
(25,588)
(11,128)
(8,121)
(3,007)
(606)
202,404
56.9%
235,589
66.3%

315,313

202,404

19.6%
-9.2%
-8.8%
-19.1%
-73.8%
-52.4%
77.6%
52.3%
54.9%
61.8%
64.2%
25.4%
22.2%
38.8%
-43.8%
30.2%
-20.8%
-83.4%
-65.0%
20.3%
18.9%
31.3%
19.5%
25.2%
45.5%
8.8%
46.3%
67.4%
-29.3%
33.4%
-9.1%
-24.9%
11.1%
167.2%
-26.3%
-46.7%
16.3%
-10.8%
-14.9%
-41.8%
9.0%
-98.5%
-98.6%
-98.3%
951.1%
959.0%
929.6%
-108.9%
8.8%
17.3%

55.8%

3Q09
426,505
138,436
128,147
4,534
26
3,535
2,194
267,456
160,901
60,693
8,866
9,562
16,780
10,654
20,613
14,111
1,716
4,786
(43,510)
(38,406)
(5,104)
382,995
(132,502)
(63,883)
(24,233)
(11,546)
(9,370)
(2,750)
(6,219)
(558)
(713)
(5,841)
(495)
(1,184)
(5,710)
250,493
57,042
65,870
(8,828)
307,535
(544)
(338)
(206)
(60,196)
(43,462)
(16,734)
(1,029)
245,766
64.2%
262,039
68.4%
337,348

Var.
4Q09/3Q09
11.1%
-3.2%
-1.8%
13.8%
-38.5%
-73.0%
-5.5%
18.6%
19.1%
21.6%
18.8%
4.9%
26.1%
-6.9%
10.6%
3.2%
-36.6%
-50.1%
12.9%
12.9%
13.3%
10.9%
21.0%
16.0%
28.7%
4.0%
84.7%
4.2%
12.1%
76.3%
3.8%
1.8%
100.8%
15.5%
3.0%
5.5%
29.9%
23.8%
-15.8%
10.1%
159.2%
185.8%
115.5%
94.3%
97.9%
85.0%
-105.2%
-10.4%

2009

2008
(Pro Forma)

5.5%
-4.9%

1,672,894
552,492
516,052
20,849
155
7,146
8,290
1,032,201
617,000
232,166
32,989
39,549
70,231
40,266
88,201
57,691
4,304
13,615
12,591
(170,350)
(150,786)
(19,564)
1,502,544
(569,832)
(289,806)
(102,596)
(42,396)
(45,495)
(11,007)
(23,428)
(3,032)
(2,510)
(19,555)
(2,323)
(5,252)
(22,432)
932,712
253,862
289,686
(35,824)
1,186,574
32,085
23,890
8,195
(336,590)
(247,493)
(89,097)
(1,019)
881,050
58.6%
975,108
64.9%

1,783,358
634,230
601,275
21,302
330
7,865
3,458
1,055,028
635,091
259,355
48,528
29,776
62,523
19,755
94,100
43,359
3,535
26,556
20,650
(181,347)
(162,752)
(18,595)
1,602,011
(544,545)
(218,243)
(142,702)
(31,942)
(40,998)
(13,536)
(18,721)
(4,351)
(3,629)
(25,654)
(1,654)
(7,179)
(35,936)
1,057,466
306,093
364,859
(58,766)
1,363,559
(458,497)
(337,143)
(121,354)
6,109
4,492
1,617
(1,567)
909,605
56.8%
1,089,408
68.0%

-6.5%

1,223,763

909,605

Var.
2009/2008
-6.2%
-12.9%
-14.2%
-2.1%
-53.0%
-9.1%
139.7%
-2.2%
-2.8%
-10.5%
-32.0%
32.8%
12.3%
103.8%
-6.3%
33.1%
21.8%
-48.7%
-39.0%
-6.1%
-7.4%
5.2%
-6.2%
4.6%
32.8%
-28.1%
32.7%
11.0%
-18.7%
25.1%
-30.3%
-30.8%
-23.8%
40.4%
-26.8%
-37.6%
-11.8%
-17.1%
-20.6%
-39.0%
-13.0%
-107.0%
-107.1%
-106.8%
-5609.7%
-5609.6%
-5610.0%
-35.0%
-3.1%
-10.5%

34.5%