 Creates a Leading Global Provider of Consulting and Trade Execution Services July 2, 2009 Exhibit 99.1 |
 1 Disclaimer “The following presentation should be taken in conjunction with the most recent financial statements and notes thereto as well as the most recent Form 10-Q filed with the SEC. This presentation may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve known and unknown risks and uncertainties, many of which are beyond our control, including adverse changes in economic, political and market conditions, losses from market-making and trading activities arising from counter-party failures and changes in market conditions, the possible loss of key personnel, the impact of increasing competition, the impact of changes in government regulation, the possibility of liabilities arising from violations of federal and state securities laws and the impact of changes in technology in the securities, foreign exchange and commodities dealing and trading industries. Although we believe that the forward-looking statements are based upon reasonable assumptions regarding our business, future market conditions, there can be no assurances that actual results will not differ materially from any results expressed or implied by the forward-looking statements. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Readers are cautioned that any forward-looking statements are not guarantees of future performance.” |
 2 Transaction Highlights Transaction International Assets Holding Corp. (“INTL”) and FCStone Group, Inc. (“FCSX”) merge to create a leading global provider of consulting and trade execution services INTL and FCSX shareholders will own 52.5% / 47.5%, respectively FCStone will retain its name and operate as a division of INTL Consideration 100% stock FCSX shareholders will receive 0.2950x common INTL shares for each outstanding common share of FCSX Expected Close Transaction is expected to close in 4 th calendar quarter 2009 Approvals Shareholders of both INTL and FCSX Regulators Board & Management 7 INTL directors, 6 FCSX directors Pete Anderson will be President and will join the INTL board, along with 5 other FCSX board members |
 3 Strategic Fit Complete trading solution for customer OTC Market Making Providing strategic recommendations and value added execution capabilities High Touch Complex Markets Greater growth potential through geographic diversification International Markets Complementary management skills Disciplined Risk / Capital Mgt. Complementary product expertise Hard Commodities, FX, Equities Domestic Markets Risk Management Consulting Exchange Traded Platform Agricultural, Energy & Soft Commodities Proven Sales and Marketing |
 4 Complementary Platforms + = INTL FCSX Combined Hard Commodities Agricultural, Energy & Soft Commodities Foreign Exchange International Equities International Debt Capital Markets Asset Management Risk Management Advisory Capabilities |
 5 (a) (b) A Unique Company Leading OTC trader and hedger of physical metals for commercial consumers throughout the supply chain – producers to consumers Significant player in hedging of agricultural, energy and soft commodities for commercial entities throughout the value chain Leading provider of treasury and foreign exchange services Leading market maker in foreign equities A unique company providing competitive execution to over 10,000 wholesale customers in North America and globally through offices in Brazil, Argentina, London, Ireland, Dubai, Singapore, Australia and China ~87 million commodity contracts traded Physical commodities revenues of ~$40bn Trades 8,000 unlisted ADR’s in over 20 countries and more than 100 currencies Commodities Trading International Equities Market Making Commodity and Risk Management Services Clearing & Execution Services International Debt Capital Markets Asset Management Foreign Exchange (a) For the twelve month period ended February 28, 2009. (b) For the twelve month period ended March 31, 2009. |
    6 Complementary International Footprint FCStone Offices INTL Offices Business Activity FCStone Offices FCStone Offices INTL Offices INTL Offices Business Activity • Relationships in over 100 Countries • Offices in 28 Cities • Locations in 11 Countries Combined International Presence: |
 7 Strategic Growth Plan Disciplined capital allocation approach by protecting and compounding capital Robust risk management No significant change in overall business strategy for either FCSX or INTL Offer value added services to build durable revenue streams and create franchise value over time Broaden and deepen customer relationships globally Current environment provides a significant opportunity for a credible, well capitalized entity to gain market share Larger financial institutions retreating to core activities while smaller competitors lack capital or pose counter party risk to customers Focus on organic growth and opportunistic add-on acquisitions Leverage strengths of the merged platform by cross pollinating industry and domain expertise Continue to build international footprint in Europe, South America, Asia and the Middle East Consider financially attractive small “tuck in” acquisitions that add immediate value to the platform |
 8 Combined Company Highlights Note: INTL financial information as of 3/31/09 and FCSX financial information as of 2/28/09. Note: INTL financials include mark-to-market adjustments as detailed in public filings. See appendix for detailed reconciliation to publicly reported numbers for FCSX. ($ in millions) Combined Adjusted Operating Revenue Last 4 Fiscal Quarters $100 $311 $411 1H'09 Annualized $117 $278 $395 Adjusted EBITDA Last 4 Fiscal Quarters $22 $59 $81 1H'09 Annualized $33 $40 $73 Adjusted Net Income Last 4 Fiscal Quarters $10 $32 $43 1H'09 Annualized $17 $22 $39 Assets $366 $1,921 $2,286 Shareholders' Equity $79 $173 $253 Total Customers 1,800 9,000 10,800 |
 9 FCSX is an integrated commodity risk management company which provides risk management consulting and transaction execution services to commercial commodity intermediaries, end-users and producers In fiscal year 2008, FCSX served approximately 9,000 customers FCSX has access to all international exchanges and is a clearing member of all major US futures exchanges FCSX is the third largest independent futures commission merchant as measured by required customer segregated assets In the twelve months ended February 2009, FCSX transacted 86.8 million contracts in the exchange-traded and OTC markets In the twelve months ended February 2009, revenue, net of commodities sold, and adjusted net income were $310.6 million and $32.4 million, respectively FCSX currently has 435 employees, with 125 risk management consultants worldwide FCStone Overview Note: See appendix for detailed reconciliation to publicly reported numbers for FCSX. |
 10 FCSX – Customer Oriented Business Model Customers / Industries Served Agriculture Fuel Surcharge Carbon Credits Energy Livestock Introducing Brokers Renewable Fuels Food Products Weather Forest Products Customers Floor Traders Professional Traders Introducing Brokers OTC Market Physical Market Financial Services (Grain repo program) Merchant Services (Commodity financing program) Exchange–Traded Market Risk Management Consultants Provides Access to Commodity & Risk Management Provides Access to Clearing & Execution |
 11 FCSX – Financial Performance $0 $50 $100 $150 $200 $250 $300 $350 $400 FY2006 FY2007 FY2008 LTM Q2'09 Commissions and clearing fees Service, consulting and brokerage fees Interest Income Other Gross profit on commodities sales $181.9 $257.8 $336.5 $310.6 $26.7 $54.4 $80.0 $58.7 15% 24% 19% 21% $0 $20 $40 $60 $80 $100 FY 2006 FY 2007 FY 2008 LTM Q2'09 0% 10% 20% 30% 40% EBITDA EBITDA Margin $764.8 $997.4 $1,528.0 $1,117.6 $0 $300 $600 $900 $1,200 $1,500 $1,800 FY2006 FY2007 FY2008 Q2'09 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% CSA 3 Month T-Bill 47.5 61.0 85.8 98.6 1.4 1.0 0.3 0.8 0.0 20.0 40.0 60.0 80.0 100.0 FY 2006 FY 2007 FY 2008 LTM Q2'09 0.0 0.2 0.4 0.6 0.8 1.0 1.2 1.4 1.6 Exchange-traded Volume OTC Volume Revenue, net of cost of commodities sold Adjusted EBITDA & Adjusted EBITDA Margin Customer Segregated Assets Exchange-traded & OTC Volumes Source: Public filings. Note: See appendix for detailed reconciliation to publicly reported numbers. |
 12 INTL Overview Fortune 500 Company, established in 1981 and listed on NASDAQ since 1994 under ticker “IAAC” Ranked #16 in ten year profit growth and # 12 for returns to shareholders INTL has five business units – international equities market making, international debt capital markets, foreign exchange, commodities trading and asset management INTL has over 190 experienced professionals in offices located in New York, London, Dubai, Singapore, Buenos Aires, Orlando, and Miami Management has over 50 years of combined experience in banking and credit exposure practices Most key employees have a minimum of 15 years experience Over the last 5 years revenues increased over 30X, equity capital increased 15X Adjusted operating revenue has grown at a 46% CAGR since 2004 Adjusted stockholders’ equity has grown at a 33% CAGR since 2004 Adjusted net income has grown at a 62% CAGR since 2005 Executive management has invested significant capital and currently owns 27% of the Company Leucadia (NYSE – “LUK”) is the largest institutional shareholder with 16% ownership Note: Adjusted financials include mark-to-market adjustments as detailed in INTL public filings. |
 13 Differentiated Focus on High Margin Niche Market Leading position in profitable niche markets through quality execution and client service 1 Experienced Professionals Over 190 professionals globally Management has over 50 years of combined experience in banking and credit exposure practices Multiple Expansion Opportunities Significant growth opportunities across all business segments Over last 5 years revenues increased over 30x, equity capital increased 15x Disciplined Risk Management Consistent growth in revenues and EBITDA over the last 5 years through disciplined risk management 5 6 7 4 Diversified Revenue Base International Equity Market-Making Commodities Trading Foreign Exchange International Debt Capital Markets Asset Management INTL Business Model Rapid Revenue Growth with Strong Operating Leverage Critical mass allows operational leverage to be achieved High Quality Counterparties Well established, reputable institutional clients and NGOs Diversified Global Footprint Offices in key international markets and relationships in over 100 countries |
 14 INTL – Consistent Financial Performance $22.0 $26.1 $43.4 $77.0 $100.5 $117.0 0 25 50 75 100 $125 FY2004 FY2005 FY2006 FY2007 FY2008 YTD FY2009 Ann. ($0.1) $2.6 $8.2 $10.1 $11.0 $17.0 (5) 0 5 10 15 $20 FY2004 FY2005 FY2006 FY2007 FY2008 YTD FY2009 Ann. $24.6 $28.1 $38.7 $54.9 $77.3 $83.0 0 20 40 60 80 $100 FY2004 FY2005 FY2006 FY2007 FY2008 3/31/2009 $3.48 $3.78 $4.94 $6.65 $8.66 $9.19 0 2 4 6 8 $10 FY2004 FY2005 FY2006 FY2007 FY2008 3/31/2009 Adjusted Operating Revenue Adjusted Net Income Adjusted Stockholders’ Equity Adjusted Net Asset Value Per Share Source: Public filings. Note: Adjusted financials include mark-to-market adjustments as detailed in INTL public filings. Adjusted Net asset value per share calculated as adjusted stockholders’ equity divided by book shares outstanding. |
 15 Appendix – FCSX Financial Reconciliation ($ millions) 2006 2007 2008 LTM Q2'09 YTD Q2'09 Revenue (as reported) $1,294.8 $1,342.0 $337.5 $314.1 $142.2 Cost of commodities sold (1,112.9) (1,084.2) (1.1) (3.5) (3.1) Revenue, net of cost of commodities sold $181.9 $257.8 $336.5 $310.6 $139.1 Net Income from continuing ops (as reported) $15.3 $33.6 $47.4 ($36.6) ($53.1) Bad debt expense 0.0 0.0 0.0 111.8 111.8 Sentinel loss 0.0 5.6 0.0 0.0 0.0 Gain on sale of FGDI 0.0 (2.6) 0.0 0.0 0.0 Dividend on CBOT stock 0.0 (0.5) 0.0 0.0 0.0 Gain on sale of exchange seats & stock 0.0 (3.7) (3.7) (7.3) (6.5) Gain / loss on interest rate contract 0.0 0.0 (0.0) 5.0 0.0 Pension charge 0.0 0.0 1.5 1.5 0.0 Clearing fee related to CRM business 0.0 (1.4) 1.4 2.5 0.0 Impairment of goodwill 0.0 0.0 0.0 1.9 1.9 Executive Compensation 0.0 0.0 0.0 2.9 2.9 Adjustments 0.0 (2.5) (0.9) 118.2 110.1 Income tax impact on extraordinary items 0.0 0.9 0.4 (49.2) (45.9) Adjusted Net Income from continuing ops $15.3 $32.0 $46.9 $32.4 $11.2 EBITDA (as reported) $32.1 $65.3 $86.0 ($53.2) ($85.8) Bad debt expense 0.0 0.0 0.0 111.8 111.8 Sentinel loss 0.0 5.6 0.0 0.0 0.0 Gain on sale of FGDI 0.0 (2.6) 0.0 0.0 0.0 Dividend on CBOT stock 0.0 (0.5) 0.0 0.0 0.0 Gain on sale of exchange seats & stock 0.0 (3.7) (3.7) (7.3) (6.5) Gain / loss on interest rate contract 0.0 0.0 (0.0) 5.0 0.0 Pension charge 0.0 0.0 1.5 1.5 0.0 Clearing fee related to CRM business 0.0 (1.4) 1.4 2.5 0.0 Executive Compensation 0.0 0.0 0.0 2.9 2.9 Interest on short-term borrowings (5.2) (9.0) (4.9) (4.0) (1.9) Minority interest (0.2) 0.6 (0.1) (0.5) (0.4) Adjustments (5.4) (10.8) (6.0) 111.9 105.9 Adjusted EBITDA $26.7 $54.4 $80.0 $58.7 $20.1 |
 16 This presentation is being made in respect of the proposed business combination involving International Assets and FCStone. In connection with the proposed transaction, International Assets intends to file with the SEC a registration statement on Form S-4, containing a joint proxy statement/prospectus and other relevant materials and each of International Assets and FCStone plan to file with the SEC other documents regarding the proposed transaction. The final joint proxy statement/prospectus will be mailed to the stockholders of International Assets and FCStone. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE JOINT PROXY STATEMENT/PROSPECTUS (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS) AND OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT INTERNATIONAL ASSETS, FCSTONE AND THE PROPOSED TRANSACTION. Investors and security holders will be able to obtain free copies of the registration statement and the joint proxy statement/prospectus (when available) and other documents filed with the SEC by International Assets and FCStone at the SEC’s web site at www.sec.gov. Free copies of the registration statement and the joint proxy statement/prospectus (when available) and other documents filed with the SEC can also be obtained by directing a request to International Assets at: 220 East Central Parkway, Suite 2060, Altamonte Springs, Florida 32701, Attention: Scott Branch, telephone: 888-345-4685 x335; or to FCStone at: Investor Relations Department, FCStone Group, Inc., 10330 NW Prairie View Road, Kansas City, Missouri 64153; Attention: William Dunaway; Telephone: (816)457-6247. In addition, investors and security holders may access copies of the documents filed with the SEC by International Assets on International Assets’ website at www.intlassets.com, and investors and security holders may access copies of the documents filed with the SEC by FCStone’s website at www.fcstone.com. International Assets, FCStone and their respective directors and executive officers and other persons may be deemed to be participants in the solicitation of proxies from the stockholders of International Assets and FCStone in respect of the proposed transaction. Information regarding International Assets’ directors and executive officers is available in its annual report on Form 10-K for the year ended September 31, 2008, filed with the SEC on December 8, 2008 and the proxy statement for International Assets’ 2009 annual meeting of stockholders, filed with the SEC on January 15, 2009. Information regarding FCStone’s directors and executive officers is available in its annual report on Form 10-K for the year ended August 31, 2008, filed with the SEC on November 14, 2008 and the proxy statement for FCStone’ 2009 annual meeting of stockholders, filed with the SEC on December 8, 2009. If and to the extent that any of the International Assets or FCStone participants will receive any additional benefits in connection with the merger that are unknown as of the date of this filing, the details of those benefits will be described in the definitive joint proxy statement/prospectus relating to the merger. Investors and stockholders can obtain more detailed information regarding the direct and indirect interests of International Assets’ and FCStone’s directors and executive officers in the merger by reading the definitive joint proxy statement/prospectus when it becomes available. |
 Creates a Leading Global Provider of Consulting and Trade Execution Services July 2, 2009 |