Asx Limited · ASX:ASX
Asx — Merger or Acquisition (October 2010)
21 slides from Asx's merger presentation, Oct 25, 2010
Slide 1: Creating the Premier International Exchange in Asia Pacific
For personal use only CREATING THE PREMIER INTERNATIONAL EXCHANGE IN ASIA PACIFIC – THE HEART OF GLOBAL GROWTH
Slide 2: Landmark Combination Transforming the Asia Pacific Landscape
Landmark Combination Transforming the Asia Pacific Landscape For personal use only • Extensive listings franchise in the resource • The Asian gateway for listings and financial sectors • Largest Asian equity derivatives and • Successful stock options and the largest commodities business interest rat
Slide 3: Asia Pacific – The Heart of Global Growth
Asia Pacific – The Heart of Global Growth For personal use only Nominal GDP US$ Trillion 2010E Population Split 130 31.6% GR : 10.1% CA ic GDP Pacif 110 55.8% A s ia ‐ 12.6% 90 70 50 30 10 2000 2002 2004 2006 2008 2010E 2012E 2014E 2016E 2018E 2020E Asia‐Pacific North America and Western Europe Rest
Slide 4: The Premier International Exchange in Asia Pacific
The Premier International Exchange in Asia Pacific For personal use only Number of Listings Number of ETFs REITs Market Capitalisation 6,000 120 120.0 109 5,000 4,997 Second Largest 100 No. 1 in ETFs 100.0 103.9 No. 1 in REITs 93 Listing Venue 4,000 80 80.0 US$ Billion 66 61 3,000 2,739 60 60.0 2,29
Slide 5: Global Sector Strengths with World-Class Companies
Global Sector Strengths with World‐Class Companies For personal use only ASX SGX Communications Resources Communications Resources Financial Services Financial Services Property Diversified Property Maritime Consumer Consumer 5
Slide 6: Asia Pacific Derivatives
Number 1 in Asia Pacific Derivatives For personal use only Asia Pacific has overtaken North America as the world's biggest derivatives market 6 Source: Futures Industry Association as of 16 October 2010
Slide 7: Access to Asia Pacific's Largest Institutional Investor Base
Access to Asia Pacific’s Largest Institutional Investor Base For personal use only Investment Fund Assets in US$ Billion US$2.3 Trillion AUM is second largest globally 11,121 2,325 2,294 1,199 1,806 661 729 784 870 894 1,126 Japan UK Brazil Hong Kong Ireland Singapore Australia France Luxembourg Aus
Slide 8: Global Distribution Through Intermediary Firms
Global Distribution Through Intermediary Firms For personal use only Pro Forma Securities, 27 SGX Derivatives, Derivatives, 164 174 Securities, 95 ASX Derivatives, 23 Securities, 84 Note: Number of intermediary firms as of July 2010. ASX Securities figure excludes ASX Settlement‐only market particip
Slide 9: New Opportunities to Support Customer Growth
New Opportunities to Support Customer Growth For personal use only 9
Slide 10: Leading Exchange Technology
Leading Exchange Technology For personal use only 10
Slide 11: Greater Global Relevance
Greater Global Relevance For personal use only World’s Fifth Largest Exchange by Market Cap (US$ Billion) 30 24.1 20 18.6 16.7 14.1 12.3 10 8.7 7.8 7.9 6.0 4.3 3.8 3.0 0 HKEx CME BMFB DB ASX‐SGX ICE SGX NYX ASX NDAQ DFM LSE Source: Factset as of 22 October 2010 Higher Weighting in Benchmark Indices
Slide 12: Pro Forma Revenue of ~US$1.1 Billion across a Balanced Portfolio
Pro Forma Revenue of ~US$1.1 Billion across a Balanced Portfolio For personal use only SGX Depository Market Services 12.9% Other 0.6% Issuer Services 10.0% Pro Forma Connectivity 4.6% Other Depository Services 1.5% Issuer Services Information Services 8.8% 15.2% 5.1% Market Cash Market Connectivity
Slide 13: Maintaining Local Governance and Iconic Brands
Maintaining Local Governance and Iconic Brands For personal use only 13
Slide 14: Key Transaction Terms
Key Transaction Terms For personal use only Price •Implied value of A$48 per ASX share or A$8.4 Billion (~US$8.3 Billion) •A$22 in cash plus 3.473 SGX shares for each ASX share Premium •37.3% to closing price of ASX shares on 22 October 2010 •47.0% to 3‐month VWAP of ASX shares, based on 3‐month VWA
Slide 15: FY2010 Pro Forma Financial Profile
FY2010 Pro Forma Financial Profile For personal use only US$ Million unless otherwise stated ASX SGX Pro Forma Revenue 578 493 1,071 EBIT 421 290 711 EPS (S$c cents) NA 30.1 36.1 Total Shares Outstanding NA 1,071(1) 1,679(2) Market Capitalisation(3) 6,017 7,841 12,316(2) Notes: 1. Number of ordinary
Slide 16: Regulatory and Legal Approvals Required
Regulatory and Legal Approvals Required For personal use only Australian Government •Corporations Act 15% ownership limit •Ministerial approvals for licensed subsidiaries Australian Securities and •Listing of ASX‐SGX Limited on ASX •Operating licenses Investment Commission •Other regulatory requirem
Slide 17: Positioning Australia and Singapore as The International Financial Centres in Asia Pacific
Positioning Australia and Singapore as The International Financial Centres in Asia Pacific For personal use only 17
Slide 18: Compelling Transaction for Shareholders
Compelling Transaction for Shareholders For personal use only 1 1 Expected tax outcome subject to approval 18
Slide 19: Value Creation Through a Landmark Combination
Value Creation Through a Landmark Combination For personal use only 19
Slide 20: Q&A
Q&A For personal use only CREATING THE PREMIER INTERNATIONAL EXCHANGE IN ASIA PACIFIC – THE HEART OF GLOBAL GROWTH
Slide 21: Cautionary Statement Regarding Forward-Looking Statements
Cautionary Statement Regarding Forward‐Looking Statements For personal use only Information set out in this press release contains forward‐looking statements, which involve a number of risks and uncertainties. These statements reflect ASX’s and SGX’s current expectations, beliefs, hopes, intentions