Dubai Financial Market (DFM) - PJSC · DFM:DFM
Dubai Financial Market (DFM) - PJSC — Dubai Financial Market PJSC — FY2017 Earnings Presentation
27 slides from Dubai Financial Market (DFM) - PJSC's earnings presentation, February 2018
Slide 1: Dubai Financial Market Investor Presentation
Ox \ ZF sMligsssou W7 Dubai Financial Market Investor Presentation
Slide 2: Disclaimer
LAY «3 DFM iw PP silollevs sow YZ This Investor Presentation has been prepared by Dubai Financial Market PJSC (“DFM” or the “Company”) for investors, solely for informational purposes. The information contained herein has been prepared to assist prospective investors in making their own evaluation o
Slide 3: Market statistics overview
a Source: DFM analytics Note: Trading statistics for DFM excludes Nasdaq Dubai for the year 2017. Foreign investors defined as non-UAE investors. 1 Velocity is calculated as annualized trade value/end of period market capitalization. * Excluding one listed ETF by the end of 2017.
Slide 4: Increasing Rate of Growth
1 2 4.7% a 3.1% 3.1% 3.1% 3.0% 2.6% 1.4% 1.3% 1.1% 3 4 Increasing Rate of Growth 76.9 77.6 69.3 71.1 71.4 72.6 5.4 64.7 67.3 67.8 80 62.5 5.2 70 5.3 5.2 5.3 60 5.0 5.2 5.1 5.1 50 4.8 4.9 4.9 40 4.6 4.7 30 4.4 4.5 20 4.2 10 4.0 0 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Slide 5: Dubai trade: imports, re-exports and exports
• — • a • • • • GDP Figures might not add up due to rounding. Source: Dubai Statistics Centre, Q1 2017. • • 807.9 845.7 818.8 830.1 208.8 CAGR 802.1 700.5 2010-2016 148.5 126.0 99.7 118.9 129.4 98.1 174.7 171.8 165.1 157.7 169.0 11% 160.7 31.1 2% 501.7 545.0 547.3 514.2 535.6 46.8 441.7 7% 131.0 201
Slide 6: a
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Slide 7: DFM Market Velocity vs Global Average Velocity
a 118.3% 61.3% 58.6% 52.80% 49.10% 61.6% 52.9% 35% 39.2% 35.5% 17.80% 48.2% 49.1% 26.80% 37.1% 29.2% 2010 2011 2012 2013 2014 2015 2016 2017 DFM Market Velocity Global Average Velocity
Slide 8: Global market comparison of velocity and market capitalization
a 479% 263% USA 162% 164% UK 103% 74% 68% 127% 126% 123% 60% 55% 91% 84% 50% 65% India France Qatar Japan Saudi 50% UAE 56% 47% 35% 29% 43% 38% 30% 34% 24% 14% China Russia Brazil Turkey 14% 12% NYSE 232 Nasdaq US 165 Shenzhen SE 133 Shanghai SE 112 Japan… 82 LSE Hong Kong… Deutsche… 34 26 20 NSE In
Slide 9: Continued Foreign Investor Interest
DFM <Sileleva gu — DFMcontinues its efforts, in co- Foreign Investors’ Trading Share operation with issuers and ° investment banks, to attract foreign 46% Continued investors’ interest in DFM listed “4% Foreign companies. Investor Interest — UAE was classified as a global emerging market in 2014 by
Slide 10: Increasing Institutional Investor Base
& DFM iw 7 sllell gua gous WY Commentary Share Ownership Split — The DFM has attracted an increasing institutional . investor base, in light of the sound national economy and Increasing the continuous improvement of listed companies’ Retail Institutional performance, Institutional Investor Base — In
Slide 11: Sector breakdown
a Oil & Mining, 1.9% Hotels & Restaurants, 8.4% Manufacturing, 9.4% Trade, 24.8% Financial Sector, 11.8% Other Sectors, 17.3% Transportation, 12.3% Real Estate & Construction, 14.0% 10
Slide 12: DFM PJSC is one of the most Liquid Stocks on the Exchange
DFM <Sileleva gu DFM PJSC is one of the most Liquid Stocks on the Exchange DFM PJSC Stock Trading Activity 82.8 2012 2013 2014 2015 2016 2017 mw Average Traded Volume (m) im Average Traded Value (AEDm) Source: DFM Analytics
Slide 13: Financial Highlights
& DFM iw 7 loll eva gous WY HH DFM continues to provide advanced and innovative products/services as part of its strategy to diversify revenue streams and increase non-trading commission income. Total Revenue (AEDm) Total Revenue Mix (%) Financial 461.3 449.0 4309 eee ; Highlights 9 73% 66% pana FY
Slide 14: Stable Expense Base
SS DEM Nv / ee Wy Breakdown in AEDm Total expenses 200.4 197.4 Stable Interest Expense Expense Base Maintenance Expenses Depreciation Other Expenses Amortization of Intangible Assets Payroll & Other Benefits FY 2016 FY 2017 Note: Consolidated expenses; some figures & percentages in the slide might n
Slide 15: Dividend Payout History and Selected Balance Sheet Items
GS) DFM NY / ee Wy Dividend Dividends (AEDm) Selected Balance Sheet Items Payout pividend 0.05 007 0.05 0.05 (AEDm) FY 2016 FY 2017 560 History (Ae) Investment Deposits 2,200 2,582 400 400 400 Financial Assets Measured at Fair Value & Amortised Costs 837 951 2013 2014 2015 2017* cocdeal 2BT9 2879 Ot
Slide 16: Strong Balance Sheet with Significant Financial Assets
Strong Balance Sheet with Significant Financial Assets Main Financial Assets LAY «S)) DFM WBF asters YY Main Financial Assets Breakdown FY 2017 (AEDm) FY 2017 Cash and Cash Equivalents Investment Deposits Less than 3 Months 487 Up to 1 Year but More than 3 Months 1,803 More than 1 Year 292 Other Fin
Slide 17: Vision and Strategic Programs 2021
LAY «S)) Nv oe WY VISIO! re Strategic Programs 2021 | INCREASING TRADE VOLUMES « ) ENHANCING EQUITY LISTING alee PROGRAM VIA FULL TRADE PROGRAM AND SUPERIOR SERVICES TYPE OFFERINGS wv HE WORLD-CLASS REGION, IARKETPLACE =~, «a ooo MAXIMISING INVESTOR SERVICES UPLIFTING CSD FUNCTION AND ADVANCEMENT OF
Slide 18: Embracing a new mission for 2021
SS DEM NY / ee Wy Embracing a new mission for 2021 will strengthen our leading position in our industry Bringing the highest possible value to the UAE’s economic ecosystem, our stakeholders & our shareholders Strengthening the core offerings Developing new capabilities Innovating through technology
Slide 19: a
a 18
Slide 20: Capital raised (AED billion)
(AED billion) 14 13.3 a 12 11.1 10 8 6 5.7 4 2.2 2.3 2 1.1 1.4 0.4 0 19
Slide 21: World Class Issuer Transactions 2014-2017
2014 Transactions 2015 Transactions IPOs Conversion of GDRs PJSC Secondary Pursuant to an Exchange Rights Issue Offer Listing World Class AED 275m AED 5.9bn AED 1.375bn AED 2.5bn Issuer a Transactions AED 6bn AED 130m AED 50m 2014 – 2017 2016 Transactions Rights Issues IPO Dual Listing AED 3.2bn AED
Slide 22: Appendices
a APPENDICES 21 www.dfm.ae
Slide 23: Consolidated P&L
ONS Ge) DEM WBF asters WY (AEDm) FY 2016 FY 2017 Trading Commission Fees 294.6 255.3 Brokerage Fees 206 21.0 Clearing, Settl it and D itary Fe learing, Settlement an epositary Fees 3907 36.9 Listing and Market Data Fees 9.1 9.8 Other Fees 5.4 6.0 DFM Operating Income 369.4 329.0 ° Investment Income
Slide 24: Regulatory authorities and ownership structure
GS) DFM GS DEM Wy Dubai Financial Services Authority (DFSA) (International Regulations) Securities & Commodities Authority (SCA) (UAE Regulations) Relationship with Nasdaq Dubai & Nasdaq Dubai Regulatory Authority Stock Exchanges ADX | Ou gt Nasdaq Dubai ‘ABU DHABI SECURITIES EXCHANGE —— eos 33.33%
Slide 25: IPO market requirements under new Company Law
Requirements Old CNS «S)) DFM WBF asters YY Not be less than AED 10 million Not be less than AED 30 million Founders Hold Founders hold not less than 20% and not more than 45% of the total authorized Share Capital Founders hold not less than 30% and not more than 70% of the total authorized Share Ca
Slide 26: Investor Relations Contacts
Investor Relations Contacts @) OFM For additional Investor Relations information: Investor Relations Website: www.dfm.ae/dfm-investor-relations Investor Relations Contacts: Haneen Nashashibi Areej Al Saeed Head of Investor Relations Manager Chairman's Office Tel: +971 4 305 5650 Tel: +971 4 305 5607
Slide 27: Disclaimer and Contact Us
Disclaimer: Contact Us: The information provided in this document (“Information”) is provided by way of general information and comment only. While r easonable care has been taken in producing this Information, changes in circumstances may occur at any time and may impact on the accuracy of the Info
Dubai Financial Market PJSC — FY2017 Earnings Presentation on 6ix