Asx Limited · ASX:ASX
Asx — Shareholder Meeting (September 2015)
34 slides from Asx's shareholder meeting presentation, Sep 30, 2015
Slide 1: AGM Presentation Slides
30 September 2015 For personal use only Australian Securities and Investments Commission ASX Market Announcements Office Mr Oliver Harvey ASX Limited Senior Executive, Financial Market Infrastructure 20 Bridge Street Level 5, 100 Market Street SYDNEY NSW 2000 SYDNEY NSW 2000 AGM PRESENTATION SLIDES
Slide 2: ASX Limited 2015 Annual General Meeting
For personal use only ASX Limited 2015 Annual General Meeting 30 September 2015
Slide 3: Opening Address
For personal use only Opening Address Rick Holliday-Smith Chairman
Slide 4: Positive financial performance
Positive financial performance For personal use only FY15 Variance Income statement $ million to FY14 Operating revenues 700.7 6.4% Underlying expenses (160.1) 4.2% EBITDA 540.6 7.1% Underlying profit after tax 403.2 5.2% Statutory profit after tax 397.8 3.8% Revenues and expenses as per the Group s
Slide 5: Regulatory settings supporting end-investors and growth
Regulatory settings supporting end-investors and growth For personal use only The last three years 3 YRS Regulations Systemic risk Global competitiveness Rules support Equity raising Post-trade solutions in place end-investors Location requirements US and European clearance Global standards AA- long
Slide 6: Executive remuneration changes for FY16
Executive remuneration changes for FY16 For personal use only STI Awards – applies to all Group Executives • 50% cash 40% cash 50% deferred for two years 30% deferred for two years 30% deferred for four years • Deferral in cash Deferral in equity LTI Awards – applies to CEO and Deputy CEO • 3 year p
Slide 7: AGM Address
For personal use only AGM Address Elmer Funke Kupper Managing Director and CEO
Slide 8: Positive revenue growth
Positive revenue growth For personal use only FY15 Variance Operating revenues $ million to FY14 Listings and Issuer Services 176.6 13.9% Cash Market 125.2 6.7% Derivatives and OTC Markets 206.2 0.7% Information Services 73.7 7.0% Technical Services 57.3 8.3% Austraclear 45.3 10.4% Operating revenue
Slide 9: Stronger, more competitive exchange
Stronger, more competitive exchange Underlying profit after tax ($ million) Equity (at end of period $ billion) For personal use only 403.2 3.7 3.8 383.2 356.6 346.2 348.2 3.3 3.0 3.0 FY11 FY12 FY13 FY14 FY15 FY11 FY12 FY13 FY14 FY15 Capital raising 2013 capital raising Dividends (cents per share) S
Slide 10: Key objectives
Key objectives For personal use only Global leader Increase options in A$ and NZ$ available to financial markets investors World-class Outstanding infrastructure, customer globally connected experience Regulatory settings Employer supporting end- of choice investors and growth 9
Slide 11: Global leader in A$ and NZ$ financial markets: Equities
Global leader in A$ and NZ$ financial markets Equities – Centre Point For personal use only 74.9 Dark Limit Single Fill 61.1 Preference Sweep Block 37.0 19.8 Standard 4.7 FY11 FY12 FY13 FY14 FY15 Equities Centre Point value traded ($billion) 10
Slide 12: Global leader in A$ and NZ$ financial markets: Derivatives
Global leader in A$ and NZ$ financial markets Derivatives – OTC Clearing For personal use only 140 137 136 118 102 71 43 20 17 15 5 2 Jul-14 Jul Aug Aug-14 Sep Sep-14 Oct Oct-14 Nov Nov-14 Dec Dec-14 Jan Jan-15 Feb Feb-15 Mar Mar-15 Apr Apr-15 May May-15 Jun Jun-15 2014 2015 Derivatives OTC notional
Slide 13: Increase options available to investors
Increase options available to investors Growing the listings franchise For personal use only General Technology New Zealand Funds 12
Slide 14: ASX Australian Liquidity Centre
ASX Australian Liquidity Centre For personal use only 13
Slide 15: World-class financial infrastructure
World-class financial infrastructure For personal use only Trading platforms Futures Cash market trading trading Market integrity and risk platforms Clearing and settlement platforms Equity Cash clearing Market Risk & settlement monitoring management options clearing (CHESS)1 Phase I (Feb 15 – Dec 1
Slide 16: Outstanding customer experience
Outstanding customer experience Customer Support Centre opened April 2015 For personal use only 15
Slide 17: Key objectives
Key objectives For personal use only Global leader Increase options in A$ and NZ$ available to financial markets investors World-class Outstanding infrastructure, customer globally connected experience Regulatory settings Employer supporting end- of choice investors and growth 16
Slide 18: Performance of global indices over months
Performance of global indices over 15 months To 25 September 2015; Index For personal use only 220 210 200 190 180 China 170 40% (Shanghai Composite) 160 United 150 Flat States (S&P500) China 140 130 Australia 10% (S&P/ 120 ASX 200) 110 United 100 States 90 Australia Jul Aug Sep Oct Nov Dec Jan Feb
Slide 19: Post balance date activity July to September 2015
Post balance date activity 1 July to 25 September 2015 For personal use only Total capital raised Number of IPOs 100% $26.1 billion 31% 34 Cash market trading (ASX on-market) 24.5% $4.2 billion Daily average value Futures trading Equity options trading 7.0% 497,561 13.1% 425,507 Daily average volume
Slide 20: Formal Business
For personal use only Formal Business Rick Holliday-Smith Chairman
Slide 21: Agenda Item: ASX Financial Report
For personal use only Agenda Item 1 ASX Financial Report
Slide 22: Agenda Item: Securities Exchanges Guarantee Corporation Financial Report
For personal use only Agenda Item 2 Securities Exchanges Guarantee Corporation Financial Report
Slide 23: Agenda Item: Election of Directors
For personal use only Agenda Item 3 Election of Directors
Slide 24: Re-election of Mr Rick Holliday-Smith
Agenda Item 3(a) Re-election of Mr Rick Holliday-Smith - Proxy and Direct Votes (Combined) For personal use only For Against Open 99,993,168 1,843,805 1,532,138 96.74% 1.48% 1.78% 23
Slide 25: Re-election of Mr Peter Marriott
Agenda Item 3(b) Re-election of Mr Peter Marriott - Proxy and Direct Votes (Combined) For personal use only For Against Open 100,967,760 417,720 1,844,305 97.81% 0.40% 1.79% 24
Slide 26: Re-election of Mrs Heather Ridout
Agenda Item 3(c) Re-election of Mrs Heather Ridout - Proxy and Direct Votes (Combined) For personal use only For Against Open 100,946,919 461,500 1,843,834 97.77% 0.45% 1.78% 25
Slide 27: Election of Ms Yasmin Allen
Agenda Item 3(d) Election of Ms Yasmin Allen - Proxy and Direct Votes (Combined) For personal use only For Against Open 101,034,732 292,986 1,842,290 97.93% 0.28% 1.79% 26
Slide 28: Agenda Item: Remuneration Report
For personal use only Agenda Item 4 Remuneration Report
Slide 29: Item – Remuneration Report
Item 4 – Remuneration Report For personal use only STI Awards – applies to all Group Executives • 50% cash 40% cash 50% deferred for two years 30% deferred for two years 30% deferred for four years • Deferral in cash Deferral in equity LTI Awards – applies to CEO and Deputy CEO • 3 year performance
Slide 30: Remuneration Report: Proxy and Direct Votes
Item 4 – Remuneration Report Proxy and Direct Votes (Combined) For personal use only For Against Open 99,106,602 2,088,704 1,770,180 96.25% 2.03% 1.72% 29
Slide 31: Agenda Item: Grant of Performance Rights
For personal use only Agenda Item 5 Grant of Performance Rights
Slide 32: Grant of Performance Rights: Proxy and Direct Votes
Item 5 – Grant of Performance Rights Proxy and Direct Votes (Combined) For personal use only For Against Open 98,874,071 2,397,746 1,818,341 95.91% 2.33% 1.76% 31
Slide 33: Questions
For personal use only Questions
Slide 34: Please complete and submit your voting card
For personal use only Please complete and submit your voting card