Bolsa de Valores de Colombia S.A. · BVC:BVC

Bolsa de Valores de Colombia — Investor Presentation (2012)

30 slides from Bolsa de Valores de Colombia's investor presentation, Nov 1, 2012

  1. Slide 1: Bolsa de Valores de Colombia

    Bolsa de Valores De Colombia 1

  2. Slide 2: Agenda

     BOLSA DE VALORES DE COLOMBIA - BVC  BVC Evolution  Colombian Macroeconomic Indicators  Business Environment  Colombian Capital Markets Evolution  MILA: Integrated Market of Latin America  BVC in numbers

  3. Slide 3: BVC Evolution

    BVC Evolution Colombia New Fixed Capital Income Became a program trading BVC is member of 80 Years of Foundation created with platform established as World legacy of the FX IDB to promote (MEC Plus) the result of the Federation of Colombian trading the market merger of the Exchanges Stock company de

  4. Slide 4: BVC Evolution

    BVC Evolution MILA: Integrated Historic record on Follow On & New equity Market of Latin IPOs, more than USD 7 billion trading platform: America issued by Colombian companies. Launching of Nasdaq OMX the new New regulation for New trading board for securities BVC became a Standardized Launching SAE:

  5. Slide 5: Colombian Macroeconomic Indicators

    Colombian Macroeconomic Indicators 9,0 Colombian Inflation % 8,0 7,65 7,67 7,0 6,99 6,49  One digit Inflation since 1999. 6,0 5,69 5,50  The inflation rate to September 5,0 4,85 4,48 2012 is 2.32% 4,0 3,73 3,0 3,17 2,0 2,00 2,32 1,0 0,0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012*

  6. Slide 6: Colombian Macroeconomic Indicators

    Colombian Macroeconomic Indicators 80 AUM Pension Funds 77 (USD Billions) 70 66  Sustained growth of the 6 60 Colombian pension funds. 54 50 CAGR: 30%  Multi-fund Scheme since 2010 40 39  10.5 Million affiliates 30 26 25 19 20 15 11 10 5 7 5 0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201

  7. Slide 7: Business Environment

    Business Environment General Ranking 2012 ¿Where are the companies more protected? 1 Singapore 1 New Zeland 2 Hong Kong, China 2 Singapore 3 New Zeland Ranking Changes 3 Hong Kong 2007-2012 4 USA 4 Malasya 5 (…) Denmark 5 Canada 39 (…) Chile 41 Peru 6 Colombia 42 Colombia 7 Ireland 43 Puerto Rico 8

  8. Slide 8: Business Environment

    Business Environment IN FORCE The opportunities and IN SIGNED NEGOTIATION FUTURE challenges of the free • United States • South Korea • Japan trade agreements • Canada • CAN (Peru, Ecuador y • EFTA (Iceland and • Panama • Australia in a positive business Norway) • Turkey • New Zealand Bolivia) • Eur

  9. Slide 9: Agenda

     BOLSA DE VALORES DE COLOMBIA - BVC  BVC Evolution  Colombian Macroeconomic Indicators  Business Environment  Colombian Capital Markets Evolution  MILA: Integrated Market of Latin America  BVC in numbers

  10. Slide 10: BVC is a multi-product exchange across the value chain

    BVC is a multi-product Exchange with presence in the all value chain EQUITY FIXED MARKET* DERIVATIVES CURRENCIES US$ 1,220 BN US$ 37 BN INCOME US$ 47 BN US$ 220 BN US$ 917 BN TRADING OTC/ SEN OTC OTC CLEARING SEN CRCC (1) SETTLEMENT BR d DCV BR BR BVC’s Shareholding: Deceval: 23% CUSTODY SETFX: 55%

  11. Slide 11: Capital Markets Evolution

    Capital Markets Evolution (USD billions) Total Markets  At the end of 2011 the traded CAGR: 26% volume at BVC closed in USD 1.220 billion  Up to September 2012 USD$754 billion has been traded. Fixed Income CAGR: 26%  In Fixed Income the average daily traded volume in 2011 closed in USD 3.7 Billio

  12. Slide 12: Capital Markets Evolution

    Capital Markets Evolution (USD billions) Equity Market*  The average daily traded volume in the equity market in 2011 closed in USD$150 million CAGR: 53%  Up to September 2012 USD$32 billion has been traded.  At the end of September 2012 the foreign investors represent 13% of the traded volume Ma

  13. Slide 13: Capital Markets Evolution

    Capital Markets Evolution (USD billions) Derivatives Market  The standardized derivatives market in Colombia has futures on government CAGR: 57% bonds, FX, single stocks, indices, interbank rates and CPI.  Up to September 2012 USD$29 billion has been traded in the derivatives market. Currency Mark

  14. Slide 14: Capital Market Contribution to Country Development

    Capital Market Contribution to Country Development Total 2009-2011 (USD millions) Since 2009 the companies have raised resources through BVC more than USD 26 billion TOTAL 2009 2010 2011 Equity: 7.464 Equity Equity: Equity: 7.002 Fixed Income: 18.644 188 274 Fixed Income: Fixed Income: Fixed Income:

  15. Slide 15: Equity Market

    Equity Market (USD millions) Public Offerings 2010 2011 2012 Total Allocated Demand Total Allocated Demand USD224 13,2 times USD388 1 time USD50 12,7 times USD1.871 1 time USD271 5,9times USD624 1 time USD1.126 1,5 times USD$91 2 times USD283 17,2 times USD$109 1 time USD1.355 1,7 times USD$148 3 ti

  16. Slide 16: Fixed Income

    Fixed Income Bond Issuances thorough BVC (2008 – 2012) In 2009 GrupoSura issued bonds Emisiones de Deuda Debt Issuances 2008-2012 2008 – 2012* * with maturity of 40 years $ 14,00 $7.000 USD$) COP$) deUSD) $$7.208 13,79 $$6.796 13,40 $ 12,00 $6.000 In 2010 (millionde (Billones (millones Ecopetrol mad

  17. Slide 17: Market Developments

    Renta Market Developments Variable • International standards for issuers Quality seal: • International quotation system of foreign securities for any investor type • Derivatives Market: • IBR Futures • CPI index futures • Pacific Rubiales Future. • OTC Derivatives • MILA products Futures • Electroni

  18. Slide 18: Equity: ETF iCOLCAP

    Renta ETF: iCOLCAP Variable ETF iCOLCAP: Distribution  ICOLCAP Launching Date: September 6th, 2011.  Administrator: Cititrust.  Agent: BlackRock. It has been widely adopted by all investor types exceeding USD 750 million in assets under management in 2011. The amount traded in 2011 was USD 215 mi

  19. Slide 19: More than 1,000,000 retail investors

    More than 1.000.000 retail Investors ! 25 BVC Show Rooms •At the end of 2011, Colombia had 1'093.882 individuals trading at BVC. In agreement with •In 2011, 211 students participated in universities and education programs in 15 cities and chambers of commerce strengthened agreements with 28 universi

  20. Slide 20: Agenda

     BOLSA DE VALORES DE COLOMBIA - BVC  BVC Evolution  Colombian Macroeconomic Indicators  Business Environment  Colombian Capital Markets Evolution  MILA: Integrated Market of Latin America  BVC in numbers

  21. Slide 21: Integrated Market of Latin America - MILA

    INTEGRATED MARKET OF LATIN AMERICA - MILA: MILA’sVIRTUOUS CYCLE: •Economies of scale. •Streamlined Access to MILA. MORE LIQUIDITY •New Products Developments. •Regional Trading MORE INTL MORE •Regulatory Changes CAPITAL FLOWS INVESTORS (Chile / Peru / Colombia) •Marketing, positioning and visibility

  22. Slide 22: MILA in Numbers

    MILA in Numbers: 2012* Peru Colombia Chile MILA Brasil México BVL BVC BCS BOVESPA BMV Market Cap 97 242 307 646 1.186 490 (USD Billions) Number of Issuers 212 79 228 519 356 131 Traded Volume on Equities 3 32 35 70 682 91 (USD Billions) Number of Transactions 188 696 1.496 2.380 121.949 13.374 (Thou

  23. Slide 23: Index: S&P MILA 40

    Renta Variable INDEX: S&P MILA 40 Colombian Stocks in the Participation by Country Index composition: Participation Companies % BOGOTA GRUPOSURA Chile 22 50,4% CEMARGOS INVERARGOS CORFICOLCF ISA Colombia 12 32,4% ECOPETROL NUTRESA Peru 6 17,2% EXITO PFBCOLOM GRUPOAVAL PREC Today on the MILA market C

  24. Slide 24: Benefits for non-regional investors

    BENEFITS FOR NON-REGIONAL INVESTORS: •Single access point and single account opening to trade in MILA. •Transactions in local currencies (Colombian pesos / Peruvian soles / Chilean pesos). •Three different economies, systemic risk reduced. •Tax treatment: Colombian Shares Peruvian Shares Chilean Sha

  25. Slide 25: Agenda

     BOLSA DE VALORES DE COLOMBIA - BVC  BVC Evolution  Colombian Macroeconomic Indicators  Business Environment  Colombian Capital Markets Evolution  MILA: Integrated Market of Latin America  BVC in numbers

  26. Slide 26: BVC in Numbers

    BVC in Numbers  At the end of September 2012 the operating revenues closed in USD$35. BVC has strengthened its operational structure and technology to further enhance the capital market *YTD September 2012

  27. Slide 27: BVC in Numbers

    BVC in Numbers At the en of September 2012:  The EBITDA margin closed 46% and the net margin 43%  EBITDA: USD$13 million.  Operating profits: USD$12 million  Net profits: USD$13 million At the end of September 2012:  Assets: USD$71  Liabilities: USD$13  Shareholders’ Equity: USD$58

  28. Slide 28: BVC in Numbers: Stock Evolution

    BVC in Numbers: Stock Evolution  Listed since June 2007.  Floating: 85%  Shares Outstanding: 18.672.822.217.  The BVC’s Market Cap at the end of September 2012 closed USD$306 million. At the end of September 2012:  Closing price: COP$29,5. (USD$1,6 cents)  Traded volume: USD$95M.  Daily tradi

  29. Slide 29: Principal Shareholders and Corporate Governance

    Principal Shareholders: CORPORATE GOVERNANCE Board of Directors: 13 Members • 7 Independents • 6 Non – Independents Committees: • Audit • Corporate Governance • Regulation • Administration & Finance Management: • CEO • 5 Vice-presidencies: ►Markets ►Corporate ►Commercial ►Legal ►Technology 10 % shar

  30. Slide 30: Thank You

    Thank You For more information please contact: Carlos Barrios Director of Investor Relations Office & Corporate Matters. Bolsa de Valores de Colombia Tel. (+57 1) 3139800 Ext. 1167 Email: cbarrios@bvc.com.co

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