Intercontinental Exchange, Inc. (ICE) CEO Jeff Sprecher on Q2 2022 Results - Earnings Call Transcript

Intercontinental Exchange, Inc. (NYSE:ICE) Q2 2022 Earnings Conference Call August 4, 2022 8:30 AM ET

Corporate Participants

Mary Caroline O’Neal - Head of Investor Relations

Jeff Sprecher - Chair, Chief Executive Officer

Warren Gardiner - Chief Financial Officer

Ben Jackson - President

Conference Call Participants

Rich Repetto - Piper Sandler

Alex Kramm - UBS

Kyle Voigt - KBW

Craig Siegenthaler - Bank of America

Brian Bedell - Deutsche Bank

Michael Cyprys - Morgan Stanley

Operator

Hello, everyone and welcome to the ICE Second Quarter 2022 Earnings Conference Call. My name is Victoria, and I will be coordinating the call today. [Operator Instructions].

I will now present to you, Mary Caroline O’Neal, Head of Investor Relations to begin. Please go ahead.

Mary Caroline O’Neal

Good morning. ICE’s second quarter 2022 earnings release and presentation can be found in the Investors section of the www.ice.com. These items will be archived and our call will be available for replay.

Today’s call may contain forward-looking statements. These statements, which we undertake no obligation to update, represent our current judgment and are subject to risks, assumptions and uncertainties. For a description of the risks that could cause our results to differ materially from those described in forward-looking statements, please refer to our 2021 Form 10-K, second quarter Form 10-Q and other filings with the SEC.

In addition, as we announced in May, ICE has agreed to acquire Black Knight, the transaction is pending customary regulatory approval and we expect to close in the first half of 2023. Please also note that this call does not constitute an offer to sell or buy or the solicitation of any offer to buy or sell any securities, nor shall there be any sale of securities in any jurisdiction in which such offer solicitation or sale would be unlawful prior to registration or qualification under the Securities Laws of any such jurisdiction.

No offerings of securities shall be made except by means of prospectus, meeting the requirements of Section 10 of the Securities Act of 1933, in connection with the proposed transaction ICE will file with the SEC a registration statement on Form S-4 to register the shares of ICE common stock to be issued in connection with the transaction. The registration statement will include a proxy statement of Black Knight that also constitutes a prospectus of ICE. When finalized the definitive proxy statement prospectus will be sent to the stockholders of Black Knight seeking their approval of the transaction and other related matters.