Intercontinental Exchange, Inc. (ICE) CEO Jeff Sprecher on Q1 2022 Results - Earnings Call Transcript

Intercontinental Exchange, Inc. (NYSE:ICE) Q1 2022 Earnings Conference Call May 5, 2022 8:30 AM ET

Company Representatives

Jeff Sprecher - Chair, Chief Executive Officer

Warren Gardiner - Chief Financial Officer

Ben Jackson - President

Joe Tyrrell - President of ICE Mortgage Technology

Mary Caroline O’Neal - Head of Investor Relations

Conference Call Participants

Rich Repetto - Piper Sandler

Alex Kramm - UBS

Gautam Sawant - Credit Suisse

Dan Fannon - Jefferies

Ken Worthington - JPMorgan

Chris Allen - Compass Point

Kyle Voigt - KBW

Brian Bedell - Deutsche Bank

Operator

Good day, and welcome to the ICE First Quarter 2022 Earnings Conference Call and Webcast. All participants will be in a listen-only mode. [Operator Instructions]. After today’s presentation there will be an opportunity to ask questions. [Operator Instructions]. Please note, this event is being recorded.

I would now like to turn the conference over to Mary Caroline O’Neal, Head of Investor Relations. Please go ahead.

Mary Caroline O’Neal

Good morning. ICE’s first 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 and other filings with the SEC.

In addition, the press release announcing the ICE and Black Knight transaction includes important disclosures that apply to this call. 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. The definitive proxy statement prospectus will be sent to the stockholders of Black Knight seeking their approval of the transaction and other related matters.