BM&FBOVESPA S.A.

- Bolsa de Valores, Mercadorias e Futuros

Demonstraes de resultados consolidados
(Em milhares de Reais)

(Em milhares de Reais)

Receita operacional
Neg. e/ou Liq - BM&F
Derivativos
Cmbio
Ativos
Neg. e/ou Liq. - Bovespa
Negociao - emolumentos de prego
Transaes - compensao e liquidao
Outras
Outras receitas operacionais
Emprstimos de valores mobilirios
Listagem de valores mobilirios
Depositria, custdia e back-office
Acesso dos participantes de negociao
Vendors - cotaes e informaes de mercado
Bolsa Brasileira de Mercadorias
Banco
Outras
Dedues da receita
PIS e Cofins
Impostos sobre servios
Receita operacional lquida
Despesas operacionais
Pessoal e encargos
Processamento de dados
Depreciao e amortizao
Servios de terceiros
Manuteno em geral
Comunicaes
Promoo e divulgao
Impostos e taxas
Honorrios do conselho
Diversas
Resultado operacional
Resultado de equivalncia patrimonial
Resultado financeiro
Receitas financeiras
Despesas financeiras
Resultado antes da tributao sobre o lucro
Imposto de renda e contribuio social
Corrente
Diferido
Lucro lquido do perodo
Margem Lquida
Atribudos aos:
Acionistas da BM&FBOVESPA
Margem Lquida
Participao dos no controladores
EBITDA
Margem EBITDA
Mdia Ponderada de aes em circulao
LPA atribudos aos acionistas da BM&FBOVESPA (em R$)
Lucro Lquido Ajustado
Despesas Operacionais Ajustadas
EBITDA Ajustado
Margem EBITDA ajustada
LPA ajustado (em R$)

547,140
205,246
201,533
3,684
29
248,626
135,475
109,406
3,745
93,268
19,841
11,214
22,856
11,119
16,221
1,135
5,564
5,318
(53,440)
(49,370)
(4,070)
493,700
(169,558)
(80,950)
(25,302)
(20,686)
(11,719)
(2,619)
(5,741)
(6,510)
(4,324)
(1,655)
(10,052)
324,142
28,301
82,654
102,017
(19,363)
435,097
(143,167)
(988)
(142,179)
291,930
59.1%

544,086
186,802
181,387
5,391
24
274,812
173,780
59,110
41,922
82,472
12,714
10,928
21,447
11,317
15,352
1,762
4,594
4,358
(54,743)
(48,683)
(6,060)
489,343
(167,561)
(71,687)
(27,400)
(15,067)
(12,293)
(2,529)
(6,622)
(15,772)
(4,353)
(1,507)
(10,331)
321,782
23,142
74,930
92,825
(17,895)
419,854
(126,646)
(885)
(125,761)
293,208
59.9%

Variao
3T11/3T10
0.6%
9.9%
11.1%
-31.7%
20.8%
-9.5%
-22.0%
85.1%
-91.1%
13.1%
56.1%
2.6%
6.6%
-1.7%
5.7%
-35.6%
21.1%
22.0%
-2.4%
1.4%
-32.8%
0.9%
1.2%
12.9%
-7.7%
37.3%
-4.7%
3.6%
-13.3%
-58.7%
-0.7%
9.8%
-2.7%
0.7%
22.3%
10.3%
9.9%
8.2%
3.6%
13.0%
11.6%
13.1%
-0.4%
-79 bps

292,006
59.1%
(76)

292,981
59.9%
227

347,470
338,852
70.4%
69.2%
1,944,885,163 2,004,305,572
0.150140
0.146176

3T11

399,594
(136,281)
356,011
72.1%
0.205459

3T10

388,978
(145,847)
344,341
70.4%
0.194071

521,324
191,148
186,909
4,177
62
240,574
168,915
56,668
14,991
89,602
17,202
11,617
22,937
12,078
16,301
1,343
5,096
3,028
(53,685)
(46,912)
(6,773)
467,639
(166,762)
(88,172)
(23,169)
(10,101)
(11,732)
(2,559)
(5,895)
(10,700)
(3,733)
(1,572)
(9,129)
300,877
22,091
70,815
87,886
(17,071)
393,783
(99,593)
(966)
(98,627)
294,190
62.9%

Variao
3T11/2T11
5.0%
7.4%
7.8%
-11.8%
-53.2%
3.3%
-19.8%
93.1%
-75.0%
4.1%
15.3%
-3.5%
-0.4%
-7.9%
-0.5%
-15.5%
9.2%
75.6%
-0.5%
5.2%
-39.9%
5.6%
1.7%
-8.2%
9.2%
104.8%
-0.1%
2.3%
-2.6%
-39.2%
15.8%
5.3%
10.1%
7.7%
28.1%
16.7%
16.1%
13.4%
10.5%
43.8%
2.3%
44.2%
-0.8%
-378 bps

-0.3%
-73 bps
-133.5%

294,171
62.9%
19

-0.7%
-376 bps
-500.0%

856,933
59.8%
480

883,094
62.0%
(451)

-3.0%
-217 bps
-206.4%

2.5%
113 bps
-3.0%
2.7%

313,216
67.0%
1,958,140,957
0.150230

10.9%
340 bps
-0.7%
-0.1%

968,745
67.6%
1,948,895,031
0.439702

1,018,546
71.5%
2,003,688,557
0.440734

-4.9%
-387 bps
-2.7%
-0.2%

2.7%
-6.6%
3.4%
174 bps
5.9%

409,150
(143,725)
323,342
69.1%
0.208948

-2.3%
-5.2%
10.1%
297 bps
-1.7%

1,192,960
(420,634)
1,011,957
70.6%
0.612121

1,218,396
(384,846)
1,040,046
73.0%
0.608077

-2.1%
9.3%
-2.7%
-237 bps
0.7%

2T11

9M11

9M10

1,593,941
583,056
570,570
12,374
112
740,916
488,360
229,305
23,251
269,969
52,448
34,107
67,898
35,667
48,746
4,897
15,371
10,835
(160,445)
(143,296)
(17,149)
1,433,496
(525,034)
(266,575)
(71,962)
(53,081)
(32,809)
(7,833)
(18,003)
(30,601)
(11,218)
(4,603)
(28,349)
908,462
87,933
216,662
271,468
(54,806)
1,213,057
(355,644)
(3,671)
(351,973)
857,413
59.8%

1,585,129
541,154
525,667
15,415
72
790,615
547,148
191,624
51,843
253,360
35,579
33,193
64,607
37,194
51,799
3,932
11,811
15,245
(159,640)
(141,895)
(17,745)
1,425,489
(444,839)
(199,776)
(73,308)
(35,893)
(32,056)
(7,543)
(19,063)
(30,970)
(7,838)
(4,385)
(34,007)
980,650
23,142
216,775
237,946
(21,171)
1,220,567
(337,924)
(2,017)
(335,907)
882,643
61.9%

Variao
9M11/9M10
0.6%
7.7%
8.5%
-19.7%
55.6%
-6.3%
-10.7%
19.7%
-55.2%
6.6%
47.4%
2.8%
5.1%
-4.1%
-5.9%
24.5%
30.1%
-28.9%
0.5%
1.0%
-3.4%
0.6%
18.0%
33.4%
-1.8%
47.9%
2.3%
3.8%
-5.6%
-1.2%
43.1%
5.0%
-16.6%
-7.4%
280.0%
-0.1%
14.1%
158.9%
-0.6%
5.2%
82.0%
4.8%
-2.9%
-211 bps

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

Consolidated Income Statement
(in thousands of BRL)

547,140
205,246
201,533
3,684
29
248,626
135,475
109,406
3,745
93,268
19,841
11,214
22,856
11,119
16,221
1,135
5,564
5,318
(53,440)
(49,370)
(4,070)
493,700
(169,558)
(80,950)
(25,302)
(20,686)
(11,719)
(2,619)
(5,741)
(6,510)
(4,324)
(1,655)
(10,052)
324,142
28,301
82,654
102,017
(19,363)
435,097
(143,167)
(988)
(142,179)
291,930
59.1%

544,086
186,802
181,387
5,391
24
274,812
173,780
59,110
41,922
82,472
12,714
10,928
21,447
11,317
15,352
1,762
4,594
4,358
(54,743)
(48,683)
(6,060)
489,343
(167,561)
(71,687)
(27,400)
(15,067)
(12,293)
(2,529)
(6,622)
(15,772)
(4,353)
(1,507)
(10,331)
321,782
23,142
74,930
92,825
(17,895)
419,854
(126,646)
(885)
(125,761)
293,208
59.9%

Change
3Q11/3Q10
0.6%
9.9%
11.1%
-31.7%
20.8%
-9.5%
-22.0%
85.1%
-91.1%
13.1%
56.1%
2.6%
6.6%
-1.7%
5.7%
-35.6%
21.1%
22.0%
-2.4%
1.4%
-32.8%
0.9%
1.2%
12.9%
-7.7%
37.3%
-4.7%
3.6%
-13.3%
-58.7%
-0.7%
9.8%
-2.7%
0.7%
22.3%
10.3%
9.9%
8.2%
3.6%
13.0%
11.6%
13.1%
-0.4%
-79 bps

292,006
59.1%
(76)

292,981
59.9%
227

-0.3%
-73 bps
-133.5%

3Q11
Gross Operating Revenues
Trading / Clearing Systems - BM&F
Derivatives
Foreign Exchange
Securities
Trading / Clearing Systems-Bovespa
Trading fees
Clearing fees
Others
Other Operating Revenues
Securities Lending
Listing
Depositary, custody and back-office
Trading access (Brokers)
Vendors
Brazilian Commodities Exchange
BM&F Bank
Others
Revenue deductions
PIS and Cofins
Service tax
Net Operating Revenues
Operating Expenses
Personnel
Data processing
Deprec. and Amortization
Third Party Services
Maintenance
Communication
Marketing
Taxes
Board Compensation
Others
Operating Income
Equity account
Financial Income
Financial Revenues
Financial Expenses
Income before Taxes
Income Tax and Social Contribution
Current
Deferred
Net Income
Net Margin
Attributable to:
BM&FBOVESPAs Shareholders
Net Margin
Minority Interest
EBITDA
EBITDA Margin
Sharecount
EPS attributable to BM&FBOVESPAs Shareholders
Adjusted Net Income
Adjusted Operational Expenses
Adjusted EBITDA
Adjusted EBITDA Margin
Adjusted EPS

3Q10

347,470
338,852
70.4%
69.2%
1,944,885,163 2,004,305,572
0.150140
0.146176
399,594
(136,281)
356,011
72.1%
0.205459

388,978
(145,847)
344,341
70.4%
0.194071

521,324
191,148
186,909
4,177
62
240,574
168,915
56,668
14,991
89,602
17,202
11,617
22,937
12,078
16,301
1,343
5,096
3,028
(53,685)
(46,912)
(6,773)
467,639
(166,762)
(88,172)
(23,169)
(10,101)
(11,732)
(2,559)
(5,895)
(10,700)
(3,733)
(1,572)
(9,129)
300,877
22,091
70,815
87,886
(17,071)
393,783
(99,593)
(966)
(98,627)
294,190
62.9%

Change
3Q11/2Q11
5.0%
7.4%
7.8%
-11.8%
-53.2%
3.3%
-19.8%
93.1%
-75.0%
4.1%
15.3%
-3.5%
-0.4%
-7.9%
-0.5%
-15.5%
9.2%
75.6%
-0.5%
5.2%
-39.9%
5.6%
1.7%
-8.2%
9.2%
104.8%
-0.1%
2.3%
-2.6%
-39.2%
15.8%
5.3%
10.1%
7.7%
28.1%
16.7%
16.1%
13.4%
10.5%
43.8%
2.3%
44.2%
-0.8%
-378 bps

294,171
62.9%
19

-0.7%
-376 bps
-500.0%

2Q11

9M11

9M10

1,593,941
583,056
570,570
12,374
112
740,916
488,360
229,305
23,251
269,969
52,448
34,107
67,898
35,667
48,746
4,897
15,371
10,835
(160,445)
(143,296)
(17,149)
1,433,496
(525,034)
(266,575)
(71,962)
(53,081)
(32,809)
(7,833)
(18,003)
(30,601)
(11,218)
(4,603)
(28,349)
908,462
87,933
216,662
271,468
(54,806)
1,213,057
(355,644)
(3,671)
(351,973)
857,413
59.8%

1,585,129
541,154
525,667
15,415
72
790,615
547,148
191,624
51,843
253,360
35,579
33,193
64,607
37,194
51,799
3,932
11,811
15,245
(159,640)
(141,895)
(17,745)
1,425,489
(444,839)
(199,776)
(73,308)
(35,893)
(32,056)
(7,543)
(19,063)
(30,970)
(7,838)
(4,385)
(34,007)
980,650
23,142
216,775
237,946
(21,171)
1,220,567
(337,924)
(2,017)
(335,907)
882,643
61.9%

856,933
59.8%
480

883,094
62.0%
(451)

2.5%
313,216
113 bps
67.0%
-3.0% 1,958,140,957
2.7%
0.150230

10.9%
968,745
1,018,546
340 bps
67.6%
71.5%
-0.7% 1,948,895,031 2,003,688,557
-0.1%
0.439702
0.440734

2.7%
-6.6%
3.4%
174 bps
5.9%

-2.3%
-5.2%
10.1%
297 bps
-1.7%

409,150
(143,725)
323,342
69.1%
0.208948

1,192,960
(420,634)
1,011,957
70.6%
0.612121

1,218,396
(384,846)
1,040,046
73.0%
0.608077