Slide 1: ASX Limited: Presentation to Daiwa Asset Management and Resona Bank
ASX Limited Presentation to Daiwa Asset Management and Resona Bank Dimitri Burshtein General Manager, Investor Relations and Corporate Finance ASX AUSTRALIAN SECURITIES EXCHANGE Sydney, Australia
Slide 2: The material contained in this document is a presentation of
The material contained in this document is a presentation of general information about ASX’s activities current as at the date of this presentation (8 May 2007). It is provided in summary and does not purport to be complete. You should not rely upon it as advice for investment purposes as it does no
Slide 3: Basis of financial statistics
The financial statistics, including comparables, in this report are based on ASX’s pro-forma income statement which itself is not audited, but is based upon external auditor reviewed accounts. The pro-forma income statement is presented as if ASX and SFE were one during the relevant periods. All ref
Slide 4: Formed in 1987
Formed in 1987 Demutualised and listed October 1998 Vertically integrated exchange * Trading, clearing, settlement, depository, market information and market supervision ¢ Equities, warrants, interest rate securities, equity options, index futures and options, debt futures and options, electricity f
Slide 5: ASX Performance Summary — HY07
ASX Performance Summary — HY07 ¢ Normal profit after tax up 39.6% to $139.3 million « EPS up 30.8% to 81.6 cents per share ¢ Dividend up 28.6% to 72.3 cents per share ¢ Capital reduction of 58.5 cents per share * Revenue up 19.6% to $259.7 million * Expenses (ex D&A) down 11.3% to $75.2 million ¢ Ph
Slide 6: ASX Result Highlights
€ ASX Result Highlights Half-year ended 31 December 2006 $3.9 $0.0 [im c 2 E a $99.8 | — r r — 1 o co) D ho) ae) x © £ 2 s oS es) © E 5k 8 $ E28 5 i. Se 2a a ae £°s ee — Sz a og Ss Gz 52 = = x ans) ca = - a Ul s & — - § B= a Based on ASX’s Normal Pro-Forma accounts. © ASX Comparisons relative to pr
Slide 7: Financial Performance — Revenue
i ¥ RY aes wd cial Performance — Revenue 6 mths to vs. Revenue Dec 2005 $ million Pcp ASX listings 41.8 34.7% ASX cash market 59.3 29.1% SFE derivatives 48.9 17.8% ASX derivatives 16.4 -2.3% Information services 21.6 21.2% Technology infrastructure 10.6 9.6% Au taclear depository and 6.7 3.6% Austra
Slide 8: Other revenue
Other revenue a HIT On 6 months to 31 December 2006. @ ASX
Slide 9: Market Activity — ASX Cash Market
NVarke million * $8.00 14.0 4 G55 Total trades (LHS) ‘cm: otal fee per trade (RHS) + $6.00 |+ $4.00 $2.00 t Activity — ASX Cash Market 600.0 4.90 400.0 4 $ billion nN i=] Co Q 1 0.0 (59 Total Value (LHS) vito BPS par $ Value (RHS) i+ 1.60 BPS 4 1.30 1.00
Slide 10: Superannuation Growth
Ce , tat Latataue aa % te GPty % gts Superannuation Growth 4,000 3,500 3,000 2,500 2,000 Forecast 1,500 1,000 600 Jun-97 Jun-99 Jun-01 Jun-03 Jun-05 Jun-07 Jun-09 Jun-t1 Jun-13 Jun-15 Jun-17 Source: APRA, Rainmaker {Apr 2006), ASX 4,000 3,500 3,000 2,500 2,000 1,500 1,000 500
Slide 11: Market Activity — Derivatives
* Market Activity — Derivatives 15.0 - $1.90 50.0 $1.80 Total contracts traded (LHS) (509 Total contracts traded (LHS) oon A Yeorage fee per contract (RHS} oom A yerage fee per contract (RHS) — _ 40.0 + |+ $1.70 10.0 4 LH $1.60 a {lt 30.0 + 711 1] 11 $1.60 < < 7 I | 2 2 ] c : E inte TH : = Tudou Ban
Slide 12: Fixed Interest
28,000 Fixed Interest $00 Futures Trading 24,000 Value (RHS) $00 20,000 Stock of Debt 400 Securities 000 Outstanding (LHS) 16,0 300 + 12,000 200 7 + 8,000 foo 7 + 4,000 0 4 i . 0 1996-97 1997-98 1998-99 1999-00 2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 @ ASX Source — ASX, RBA
Slide 13: Equity Futures
Equity Futures 4,200 7 1,200 SPI Trading 4,000 + Value 1,000 800 + 800 ASX Market Capitalisation = 600 + 2 600 400 + 400 200 + 200 ot | Eee ab = a 1996-97 1997-98 1998-99 1999-00 2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 @ ASX Source — ASX, RBA
Slide 14: Market Activity — Listings
Market Period Listings A PA. ctivity — Listings 2,400 180 ined oO n fez] oO (mg 1HFY Listings (LHS) 2HFY Listings (LHS) xm Total Listed Entities (RHS) + 1,600 + 800 FY02 FY03 FY04 FY05 FY 06 FY07 Total Listed Entities @ ASX
Slide 15: Financial Performance — Expenses
A cia i x RY saree wd Performance — Exp 6 mths to vs Expenses Dec 2005 cr $ million Pep Staff expenses 46.2 -11.2% Occupancy expenses 10.2 -11.6% Equipment expenses 14.0 2.6% Administration expenses 14.4 -24.8% Total Cash Operating 84.8 11.3% Expenses Based on ASX’s Normal Pro-Forma accounts. © ASX
Slide 16: Financial Performance — Expenses
"yg Financial Performance — Ex Change from half-year ended 30 June 2006 (2H06) enses $84.0 - $4.6 5 - $4.6 - $8.8m = - 10.4% E wn $0.4 $75.2 == 2H06 Cash Synergies Other Net ASXMS 1HO7 Cash Operating Savings Investments Operating Expenses Expenses Based on ASX’s Normal Pro-Forma accounts. Comparison
Slide 17: Capital Structure and Management
Capital Structure and Management ¢ Dividend policy — 90% of Normal NPAT, fully franked ¢ FY07 Interim dividend = 99% of Statutory NPAT * $100 million returned in October 2006 150 Capital Return @ Special Dividend 7 G Final Dividend oy G Interim Dividend im ie 100 4 a 2 es) 5 mm Oe £ ay w ie a. |) gy
Slide 18: Share Price Performance
Share Price Perform @ ASX S&P/ASX200 <=ASX f 2002 4eW F 9002 Int - $002 AON | $002 49d } oo? unr F £002 HO r £002 484 + co0z Aew + b00z des ; boog uer 000g Aew 5.0 2 3 Source - IRESS
Slide 19: Exchange comparison: market capitalisation and 2007E EPS growth
ae e Cor Zo Exchanc 2007E EPS Growth tion at 1 May 2007 isa Exchange Market Capital KIEL 4619 EEE 150% 100% 50% 30 XSL XWO Swe aBueyoxg o1ue||oy @ ASX asiaog ayosineq WO 3st X3H bepsen xsv Logo Bor 387 SWAN x9S }X@U0UNZ SSAN eishelew esing abueyox3 o1ua|9H eiskejen esing 3st XWO xsl bepsen, 3W8 x98
Slide 20: 2008E and 2007E Price/Earnings Ratio
2008E Price/Earnings Ratio XSL XWO asiaog ayosineg 3W8 bepsen, 337 aBueyoxg s1ua\@4 XSyH eishelew esing X98 yxeuoln3 3SAN XS¥ 301 BNO 3st L090 SWAN @ ASX ys 60.0 0. 20.0 ae e Cor Zo 2007E Price/Earnings Ratio abueyoxg 9|va/}94 XWO swa XSL asiaog ayosineq 3s) X2H bepsen eisejew esing x98 i Xs awWo I
Slide 21: ASX Limited
ASX Limited Presentation to Daiwa Asset Management and Resona Bank Dimitri Burshtein General Manager, Investor Relations and Corporate Finance ASX AUSTRALIAN SECURITIES EXCHANGE Sydney, Australia