Singapore Exchange Ltd. · SGX:S68
Singapore Exchange — FY2002 Earnings Presentation
31 slides from Singapore Exchange's earnings presentation, Aug 15, 2002
Slide 1: Singapore Exchange Limited FY2002 Annual Results
Singapore Singapore Exchange Exchange Limited Limited FY2002 FY2002 Annual Annual Results Results 15 15 August August 2002 2002
Slide 2: Building Tomorrow's Market, Today
Singapore Exchange Limited Building Tomorrow’s Market, Today Singapore Exchange
Slide 3: SGX – Building Tomorrow's Market, Today
SGX – Building Tomorrow’s Market, Today Market Market Performance Performance FY2002 FY2002 Annual Annual Results Results SGX SGX Progress Progress Report Report
Slide 4: SGX – Building Tomorrow's Market, Today
SGX – Building Tomorrow’s Market, Today Market Market Performance Performance FY2002 FY2002 Annual Annual Results Results SGX SGX Progress Progress Report Report
Slide 5: Market Performance
Market Performance Securities Market Derivatives Market
Slide 6: Market Performance – Securities Market
Market Performance – Securities Market Trading Volume Trading Value (billions) (S$ billion) 140 128 200 186 119 180 120 109 155 160 146 100 94 132 140 80 120 109 107 64 101 100 91 60 44 40 39 80 40 60 20 40 0 20 FY95 FY96 FY97 FY98 FY99 FY00 FY01 FY02 FY95 FY96 FY97 FY98 FY99 FY00 FY01 FY02 FY First
Slide 7: Market Performance – Securities Market
Market Performance – Securities Market FY2002 FY2001 2% 1% Trading Volume Trading Volume 15% 12% 83% 87% 3% 1% 3% Trading Value Trading Value 96% 97% Mainboard Sesdaq Others
Slide 8: Market Performance – Securities Market
Market Performance – Securities Market Trading Volume Trading Value (billions) (S$ billion) 100 160 91 150 142 Mainboard 90 Mainboard 12% 140 82 11% 80 130 127 120 70 110 60 100 FY2001 FY2002
Slide 9: Market Performance – Securities Market
Market Performance – Securities Market Trading Volume Trading Value (billions) (S$ billion) 18 6 16 5 5 16 4 Sesdaq Sesdaq 18% 4 14 47% 3 12 11 2 10 1 8 0 FY2001 FY2002
Slide 10: Market Performance – Derivatives Market
Market Performance – Derivatives Market Trading Volume (millions) 35 32 30 28 28 27 26 25 22 22 20 15 10 5 FY96 FY97 FY98 FY99 FY00 FY01 FY02 FY First Half (Jul – Dec) FY Second Half (Jan – Jun)
Slide 11: Market Performance – Derivatives Market
Market Performance – Derivatives Market Trading Volume FY2002 6% Contracts FY2002 FY2001 7% (millions) (millions) 14% Eurodollar 18 13 Nikkei 5 4 MSCI Taiwan 4 4 15% 58% Euroyen 2 5 Others 3 2 Eurodollar Nikkei MSCI Taiwan Total 32 28 Euroyen Others
Slide 12: SGX – Building Tomorrow's Market, Today
SGX – Building Tomorrow’s Market, Today Market Market Performance Performance FY2002 FY2002 Annual Annual Results Results SGX SGX Progress Progress Report Report
Slide 13: FY2002 Annual Results (unaudited)
FY2002 Annual Results (unaudited)
Slide 14: SGX – Consolidated Profit And Loss
SGX – Consolidated Profit And Loss Variance (S$MM) FY2002 FY2001 % Operating Revenue 229 217 5 Operating Expenses (165) (145) 14 Operating Profit 64 72 (12) Non-Operating Revenue 20 17 18 Exceptional Items (7) (21) (66) Net Profit Before Tax 77 68 12 Tax (19) (19) (4) Net Profit After Tax 58 49 19 M
Slide 15: Performance By Market – Operating Revenue
Performance By Market – Operating Revenue FY2002 FY2001 7% 6% 26% 26% 67% 68% Total Operating Revenue = S$229MM Total Operating Revenue = S$217MM Securities Market Derivatives Market Other Operations
Slide 16: Performance By Market – Operating Revenue
Performance By Market – Operating Revenue (S$MM) FY2002 FY2001 Variance Securities Market 154 148 6 Derivatives Market 59 56 3 Other Operations 16 13 3 Total Operating Revenue 229 217 12
Slide 17: Revenue Mix
Revenue Mix FY2002 FY2001 5% 7% 5% 6% 7% 8% 16% 17% 51% 50% 14% 14% Total Operating Revenue = S$229MM Total Operating Revenue = S$217MM Clearing & Related Income Access & Terminal Fees Account Maintenance & Processing Fees Listing & Membership Fees Price Information Fees Others
Slide 18: Operating Revenue
Operating Revenue (S$MM) FY2002 FY2001 Variance Clearing & Related Income 116 107 9 Access & Terminal Fees 32 31 1 Account Maintenance & Processing Fees 37 37 - Listing & Membership Fees 17 17 - Price Information Fees 11 11 - Others 16 14 2 Total Operating Revenue 229 217 12
Slide 19: Operating Expenses
Operating Expenses FY2002 FY2001 18% 19% 14% 14% 45% 14% 43% 12% 10% 11% Total Operating Expenses = S$165MM Total Operating Expenses = S$145MM Staff Costs Occupancy Costs System Maintenance & Rental Depreciation Others
Slide 20: Operating Expenses
Operating Expenses (S$MM) FY2002 FY2001 Variance Staff Costs 75 63 12 Occupancy Costs 18 14 4 System Maintenance & Rental 19 21 (2) Depreciation 24 20 4 Other Operating Expenses 29 27 2 Total Operating Expenses 165 145 20
Slide 21: SGX – Consolidated Balance Sheet
SGX – Consolidated Balance Sheet As At As At (S$MM) 30 June 2002 30 June 2001 Net Current Assets 566 554 Net Non-Current Assets 272 277 Net Assets 838 831 Shareholders’ Equity 837 831 Minority Interests 1 - Total Equity & Minority Interests 838 831 Net Tangible Assets Per Share (cents) 83.66 83.09
Slide 22: SGX – Building Tomorrow's Market, Today
SGX – Building Tomorrow’s Market, Today Market Market Performance Performance FY2002 FY2002 Annual Annual Results Results SGX SGX Progress Progress Report Report
Slide 23: SGX Progress Report
SGX Progress Report New products and services introduced: Securities Introduction Date • ASX Linkage 20 Dec 2001 • SBL 7 Jan 2002 • STI-ETF 17 Apr 2002 • SecuritiesBook 1 Jul 2002 Derivatives Introduction Date • Singapore Government Bond 29 Jun 2001 • Single Stock Futures 26 Oct 2001 (+6 on 15 Aug
Slide 24: SGX Progress Report
SGX Progress Report Listings, Product & Infrastructure Development Implement listing strategy with regional outlook Build on Singapore strengths China & India focus Develop Equity options Launch Middle East Crude Oil Futures Develop Regional Single Stock Futures (SSFs) Develop Straight
Slide 25: SGX Progress Report
SGX Progress Report Extending global distribution Extend adoption of SGXAccess Attract new members
Slide 26: SGX Progress Report – Exchange Alliance Network
SGX Progress Report – Exchange Alliance Network CME Chicago TOCOM & TSE New York Amex Tokyo SGX Singapore Sydney ASX R GLOBEX Alliance
Slide 27: SGX Progress Report
SGX Progress Report Enhancing shareholder value Unlock hidden assets embedded in SGX by: Developing new services Reviewing existing services Revisiting existing fee structures Continue to seek acquisition opportunities around our core businesses which are accretive to shareholder value
Slide 28: SGX Share Price Performance
SGX Share Price Performance S$ 1.50 1.40 1.30 1.20 1.10 IPO Price on 23 Nov 2000 : S$1.10 1.00 High Last Done : S$1.440 0.90 Low Last Done : S$0.880 0.80 Nov'00 Dec'00 Jan'01 Feb'01 Mar'01 Apr'01 May'01 Jun'01 Jul'01 Aug'01 Sep'01 Oct'01 Nov'01 Dec'01 Jan'02 Feb'02 Mar'02 Apr'02 May'02 Jun'02 Jul'02
Slide 29: SGX Share Price Performance Against STI
SGX Share Price Performance Against STI 140 Relative Prices / Indices * 130 120 110 100 90 80 70 60 Dec'00 Feb'01 Apr'01 Jun'01 Aug'01 Oct'01 Dec'01 Feb'02 Apr'02 Jun'02 SGX STI * SGX’s IPO Price of S$1.10 was used as Base 100
Slide 30: FY2002 Dividend
FY2002 Dividend FY2002 FY2001 (Cents Per Share) Interim Final Total Total Gross Dividend 2.90400 4.39600 7.30000 7.30000 Tax* 0.63900 0.96700 1.60600 1.78850 Net Dividend 2.26500 3.42900 5.69400 5.51150 Book Closure Date 15 Mar 2002 10 Oct 2002 Payment Date 27 Mar 2002 22 Oct 2002 * Tax at 22% for F
Slide 31: Singapore Exchange Limited FY2002 Annual Results
Singapore Singapore Exchange Exchange Limited Limited FY2002 FY2002 Annual Annual Results Results 15 15 August August 2002 2002