Philippine Stock Exchange, Inc. · PSE:PSE
Philippine Stock Exchange — The Philippine Stock Exchange — FY2016 Earnings Presentation
33 slides from Philippine Stock Exchange's earnings presentation, Feb 24, 2017
Slide 1: SEC Markets and Securities Regulation Department letter
Securities ona Exchange Commission BHI LDP RINGS MARKETS AND SECURITIES REGULATION DEPARTMENT February 24, 2017 THE PHILIPPINE STOCK EXCHANGE, INC. Tower One and Exchange Plaza, Ayala Triangle, Ayala Avenue, Makati City Tel. No. 688-7517 Fax No, 689-7689 /659-3455/891-9004 Attention: Mr. Hans B. Sic
Slide 2: SEC Form 17-C Cover Sheet
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Slide 3: SEC Form 17-C Current Report
SECURITIES AND EXCHANGE COMMISSION SEC FORM 17-C CURRENT REPORT UNDER SECTION 17 OF THE SECURITIES REGULATION CODE AND SRC RULE 17.2(c) THEREUNDER 1. Date of Report (Date of earliest event reported): February 24, 2017 2. SEC Identification Number: AN092-002557 3. BIR Tax Identification No.: 002-333-
Slide 4: Item No. 9. Other Events
Item No. 9. Other Events Please see attached presentation materials for the analysts’ briefing today, 24 February 2017 at 4:00 p.m. to 5:30 p.m. at the PSE Ayala Boardroom, 3/F PSE Plaza, Ayala Triangle, Ayala Avenue, Makati City. SIGNATURES Pursuant to the requirements of the Securities Regulation
Slide 5: Full Year 2016 PSE Analysts' Briefing
Full Year 2016 PSE Analysts’ Briefing February 24, 2017 HANS B. SICAT President & CEO
Slide 6: Presentation Outline
Presentation Outline Economic Snapshot Stock Market Performance 2016 Milestones PSE Strategy & Initiatives The Philippine Stock Exchange, Inc.
Slide 7: 2016 In Review
2016 In Review Britain voted to Oil-producing leave the EU nations cut output along with OPEC Rodrigo Duterte elected as PH President Donald Trump US Fed raised elected as POTUS policy rates China’s economy showed signs of slowing The Philippine Stock Exchange, Inc.
Slide 8: The Philippine Economy
The Philippine Economy LOOKING BACK AT 2016 6.8% P14.45 tn P139,961 GDP Growth Current GDP Per Capita GDP 2ND FASTEST IN ASIA 1.8% 4.7% 57th 99th Average Inflation Unemployment Rate WEF Global World Bank Ease of as of Oct16 Competitiveness Doing Business 2017 LOWEST IN 11 YEARS 2016-2017 2 6.4% to 6
Slide 9: Stock Market Performance
Stock Market Performance 8,500 8,000 year-on-year growth 7,500 7,000 2009 63% 6,500 6,000 2010 38% 5,500 2011 4% 2012 33% 7,335.56 points 2013 1% 23% up by 7.2% 2014 as of 23 February 2017 2015 4% all time high 8,127.48 points 2016 2% on 10 April 2015 The Philippine Stock Exchange, Inc.
Slide 10: Select Asian Indices Performance
Select Asian Indices Performance PSEi vs. Select Asian Indices, PSEi vs. Select Asian Indices, 2016 (YOY) as of 23 February 2017 (YTD) 19.8% SET 9.6% Hang Seng 15.3% JCI 9.2% Nifty 14.8% VN 8.9% STI 11.0% Taiex 8.5% Sensex 3.3% KOSPI 7.8% VN 3.0% Nifty 7.2% PSEi 1.9% Sensex 5.6% Taiex 0.4% Nikkei 4.
Slide 11: Stock Market Indicators (YOY)
Stock Market Indicators (YOY) 2015 2016 (in Php Bn) (in Php Bn) Total MCAP 13,465.57 14,438.77 7.2% Domestic MCAP 11,188.23 11,873.22 6.1% Total Value 2,151.41 1,929.50 10.3% Turnover Average Daily 8.96 7.81 12.9% Value Turnover Net Foreign (59.76) 2.80 104.7% Transactions The Philippine Stock Excha
Slide 12: Stock Market Indicators
Stock Market Indicators as of 23 February 2017 TOTAL DOMESTIC AVERAGE NET FOREIGN MARKET CAP MARKET CAP DAILY VALUE SELLING up by up by down by 7.0% 7.0% 18.4% P4.32 YTD YTD YTD billion P15.46 trillion P12.71 trillion P6.37 billion 5-YR CAGR: 10.7% 5-YR CAGR: 10.4% 5-YR CAGR: 6.5% The Philippine Sto
Slide 13: Capital Raising Activities
Capital Raising Activities CAPITAL RAISED (in PHP billion) TOTAL OFFERINGS* (in PHP billion) 219.07 228.33 227.25 175.07 184.60 176.80 177.02 184.96 153.08 162.19 60.00 60.00 2012 2013 2014 2015 2016 2017 2012 2013 2014 2015 2016 2017 IPO FOO Private Placement Stock Rights Offering IPO FOO Private P
Slide 14: 2016 Milestones
2016 Milestones Rules approved by the SEC on 10 November 2016 KEY FEATURES Issuer must be a listed company Trading Participants must have FCDU accounts to trade Dollar Denominated Adjusted board lot table Securities DDS shall be traded and settled in US dollars Same settlement cycle: T+3 R
Slide 15: 2016 Milestones
2016 Milestones Stock Market 101 IPO Kiosks for Local Webinars Small Investors TWELVE webinars held Promoting market inclusivity by encouraging the participation of local small retail investors in IPOs 544 TWO regular PSE-sponsored IPO Kiosks for LSIs average no. of participants per session PSE AYAL
Slide 16: 2016 Milestones
2016 Milestones Alpha Southeast Asia 10th Annual Best Deal & Solution Awards BEST STOCK EXCHANGE THE PHILIPPINE STOCK EXCHANGE, INC. BEST EQUITY DEAL CEMEX HOLDINGS PHILIPPINES P25.1 BILLION IPO BEST PROJECT FINANCE DEAL LIGHT RAIL MANILA CORP.’s US$480 MILLION FACILITY BEST RENEWABLE FINANCE DEAL A
Slide 17: PSE Strategy
PSE Strategy New and Enhanced Products and Services WORLD-CLASS PSE Expanding Technology and People the Investor Base Capacity-Building The Philippine Stock Exchange, Inc.
Slide 18: Capital Market Integration
Capital Market Integration A MAJOR STEP TO… Capital market development Expansion of financial products Creation of a bigger exchange in the face of global financial market integration Vertical integration of systems Enhanced risk management The Philippine Stock Exchange, Inc.
Slide 19: Upcoming Initiatives
Upcoming Initiatives INTRODUCING EXPANDING Technology and People New Products & Services the Investor Base CAPACITY-BUILDING Short Selling New PSE Website New Data Center Structured Warrants Social Media Campaign New Building New PSE Listing Guidebook New Clearing and Enhancements
Slide 20: Thank you!
Thank you! Please follow us on: IR Contact Person: @PhStockExchange John Benette B. Mamañgun 2/F PSE Plaza, Ayala Triangle, The Philippine Stock Exchange, Inc. Ayala Avenue, Makati City 1226 Philippines jbmamangun@pse.com.ph Download: Tel No.: (632) 688-7524 PSE EDGE Mobile App Visit: PSE Academy ww
Slide 21: Financial Report
FINANCIAL REPORT Full Year 2016 PSE Analysts’ Briefing February 24, 2017 OMELITA J. TIANGCO Treasurer
Slide 22: Consolidated Financial Performance
Consolidated Financial Performance 2016 2015 Change Net Income After Tax (in million Php) 701.54 682.81 3% Operating Revenues (in million Php) 1,263 1,214 4% Total Expenses (in million Php) 592.60 601.90 2% Other Income (in million Php) 204.76 235.69 13% The Philippine Stock Exchange, Inc.
Slide 23: Operating Revenues
Operating Revenues in thousands Php 2016 2015 Change % Change Listing-related income 558,907 483,431 75,476 16% Trading-related income 303,190 309,870 (6,680) -2% SCCP service fees 344,553 384,180 (39,627) -10% Other income 56,636 36,725 19,911 54% 1,263,286 1,214,206 49,080 4% Other income 5% SCCP
Slide 24: Operating Revenues: Listing-related income
Operating Revenues in thousands Php 2016 2015 Change % Listing-related income 558,907 483,431 75,476 16% Listing fees 324,358 244,889 79,469 32% Listing maintenance fees 233,508 236,992 (3,484) -1% Processing fees 1,040 1,550 (510) -33% 2016 2015 Nature Fees Nature Fees IPO (Golden Haven, Cemex, She
Slide 25: Operating Revenues: Trading-related income
Operating Revenues in thousands Php 2016 2015 Change % Trading-related income 303,190 309,870 (6,680) -2% Transaction fees and block sales 192,950 215,132 (22,182) -10% Market data revenue 80,279 71,354 8,925 13% Subscription fees/other fees 29,961 23,383 6,578 28% Total Turnover Value (In Billion P
Slide 26: SCCP Operating Revenues
SCCP Operating Revenues in thousands Php 2016 2015 Change % Change SCCP service fees 344,553 384,180 (39,627) -10% CMIC CMIC 1% 1% SCCP 27% SCCP 36% PSE PSE 72% 63% Consolidated Operating Consolidated Net Income Revenues The Philippine Stock Exchange, Inc.
Slide 27: Other Income
Other Income in thousands Php 2016 2015 Change % Change Interest & other investment income 64,095 29,347 34,748 118% Income from donation 96,181 115,417 (19,236) -17% Share in net income of an associate 49,166 38,118 11,048 29% Dividend Income 7,811 8,601 (790) -9% Others (12,497) 44,211 (56,708) -1
Slide 28: Total Expenses
Total Expenses in thousands Php 2016 2015 Change % Compensation & other related staff costs 214,720 219,434 (4,714) -2% Depreciation 101,530 123,025 (21,495) -17% Repairs and maintenance 79,360 71,392 7,968 11% Professional fees 52,258 65,484 (13,226) -20% Occupancy costs 46,182 48,283 (2,101) -4% O
Slide 29: Total Assets
Total Assets in million Php 2016 2015 Change % Cash & cash equivalents 834 559 275 49% Other current assets 132 168 -36 -21% Investments 1,157 1,394 -237 -17% Property & equipment 1,200 405 796 197% Other non-current assets 106 595 -490 -82% Total 3,429 3,121 308 10% Other non- current assets 3% Cas
Slide 30: Investments
Investments Amount % (in Million PHP) Fixed income securities 550 48% Investment in PDSH 376 33% Equity funds 231 20% Total 1,157 100% The Philippine Stock Exchange, Inc.
Slide 31: Fundamentals
Fundamentals 2016 2015 Current Ratio 3.05:1 3.87:1 Book Value per Share ₱41.09 ₱38.27 Earnings per Share (EPS) ₱9.56 ₱9.31 Market Value per Share ₱238.40 ₱275 Price-Earnings Ratio (PER) 24.94 29.54 Price to Book 5.80 7.18 Return on Equity 23% 24% The Philippine Stock Exchange, Inc.
Slide 32: Cash Dividend
Cash Dividend Net income of Parent (2016) ₱ 702 M Outstanding shares 73,411,827 Cash Dividend Per Share Total Amount Regular (50% of Net Income) ₱ 4.78 ₱ 350,908,533.06 Special 2.22 162,974,255.94 ₱ 7.00 ₱ 513,882,789.00 Pay-Out Ratio 73% Record Date 31-Mar-17 Payment Date 27-Apr-17 The Philippine S
Slide 33: Thank you!
Thank you! Please follow us on: Download: @PhStockExchange PSE EDGE Mobile App Visit: The Philippine Stock Exchange, Inc. PSE Academy www.pseacademy.com.ph © The Philippine Stock Exchange, Inc. (PSE). All rights reserved. This document is a property of the PSE and cannot be used or reproduced, distr
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