Slide 1: Financial Results Six months to 31 December 2003
Financial Results Six months to 31 December 2003 Richard Humphry / \S xX Managing Director & CEO SSL BALI SOK CATE 25 February 2004 Net profit after tax up 35.3% to $42.5 million ° Operating revenue up 16.8% to $123.9 million Expenses limited to 2.3% increase Capital expenditure remains low at $3.1
Slide 2: Operating revenue, net profit and cost to income
” re e GING Yaw we is Ss GOR & Operating revenue mFYOi B FY02 & FY03 mFYOs ear? "4 6 od ITTNanCe Net profit after tax mFYO1 @ FYG2 & FYO3 mFYO4 $180 $100 $50 3mths S mths 9 mths 12 mths FY63 profit excludes ASX FundéCosnect write-off $3.5m after tax 3mths 6mths Smths 12 mths 2 lite go Zee ee a Perfo
Slide 3: Key drivers
ey Key drivers Operating revenue by category 1H04 Other revenue 5.8% Listings 23.8% Market Data 11.8% Derivatives 15.6% Equities ABA% Listings revenue 1H04 Other Subsequent 36% Annuat A1% tnitlal 24% Listings revenue 1HO3 Other Subsequent 25% Annual initiat 18% tT a ee Ln, Market demand fe Subsequen
Slide 4: Market trading and financial performance
milion by tly gt Soqreare lh & ony ges Market tradine Equities Equity trades (LHS) <== Average revenue (RHS} $6.26 $6.00 $5.75 $5.50 $5.25 $5.00 1HO2 HOS 41Hot Options cama Options contracts (LH8} epmAverage fee (RHS) 0 milfions HOO HOG) 1HOd HOZ HOS THO. $2.08 $1.60 $1.60 $4.40 $4.28 $1.00 Bye oy g
Slide 5: Financial performance: operating revenue
John Hayes Chief Financial Officer rinanci rmance Operating 6mthsto 6 mths to vs. pep revenue Jun 2003 Dec 2002 Listings 18.4 20.4 - +43.4% Equities 44.2 46.1 +16.6% Derivatives 18.0 20.5 -5.7% Market Data 14.0 13.6 +7. 6% Other 6.2 5.5 +26.7% Total 400.8 106.0 +16.8% Ali amounts rounded to $m, pop.
Slide 6: Operating expenses
Operating 6 mths to 6 mths to vs. pep expenses Jun 2003 Dec 2002 | Staff 32.3 31.4 +4.9% Occupancy 8.2 8.2 +20.6% Equipment 13.9 16.7 -12.2% Administration 7.8 8.8 +3.8% Total 67.2* 65.1 42.3% * Includes ASX FundConnect write-off, amounting fo $5.046 milion Alt amounts rounded fo $m, pep. comparison
Slide 7: Technology
Richard Humphry Managing Director & CEO “ye iy ty, Big iit a ak Fechnoloc Beat ¢ Surveillance system investment (SOMA) * Evaluation of OM Click XT design study — Integrated equities & derivatives matching system — Evaluation of functionality, capacity and reliability — Customer impact assessment — C
Slide 8: Clearing and settlement regulatory timeline and ASX Perpetual Registrars
fo Treasury Australian Clearit AUSTAUGAN GtGa4ritl Juld3 ASK application 11 MarO4 FSR transition ends, ASX Mar02 FSR Becd3 Tax Group licences varied NGF introduced legislation | Feb/MarO4 Minister's pubic | *@dulations incl. S894A, introduced consuttation on S8Q1A labied position paper an capping of
Slide 9: Equity investments and outlook
Equity investments ASX Perpetual Registrars + Nearly 50 new clients since new system implemented in Dec 2002 (incl. QAN, FXJ, BIL, WBC, BSL) + 2 clients lost (FGL, [AG) + EBITDA turnaround: - FY01 = ($0.3m) — 1HFY04 = $8.4m * Competitive in IPO market + Corporate activity increasing Orient Capital «
Slide 10: ASX
ASX ALG T PALE Se THE