Slide 1: ASX Limited 2022 Full-Year Results Presentation Slides (cover letter)
18 August 2022 For personal use only Australian Securities and Investments Commission ASX Market Announcements Office Mr Nathan Bourne ASX Limited Senior Executive Leader, Market Infrastructure 20 Bridge Street Level 5, 100 Market Street SYDNEY NSW 2000 SYDNEY NSW 2000 ASX LIMITED – 2022 FULL-YEAR R
Slide 2: Full-Year Results 18 August 2022
use only 2022 ASX Limited ° Full-Year Results ® 18 August 2022 rson For ASX
Slide 3: Agenda
Agenda FY22 results overview Helen Lofthouse, CEO Financial performance Gillian Larkins, CFO Strategy update Helen Lofthouse Outlook Helen Lofthouse Q&A - analysts and media Helen Lofthouse and Gillian Larkins
Slide 4: FY22 results overview
For personal use only Helen Lofthouse, CEO FY22 results overview GD ASX
Slide 5: FY22 financial results
FY22 financial results Solid result creating reliable returns to shareholders Change on § % change me onpcp EBIT $689.2m $48.0m 4 | Variance relative to the prior comparative period (FY21 pcp) expressed favourable/(unfavourable). Strong equities activity and greater demand for market data and techno
Slide 6: For personal use only
For personal use only 217 176 111 83 FY19 FY20 FY21 FY22
Slide 7: Strong year for equity market activity
Strong year for equity market activity Multiple ASX businesses benefited from equity market growth and volatility 6| Cash market trading - ASX on-market value (Sbillion) FY19 FY20 +15% Growth of on-market value traded vs pcp +14% Growth of cash market value cleared vs pcp Fy21 FY22 Jan-21 S&P/ASX 20
Slide 8: Mixed performance for futures
Mixed performance for futures Challenging interest rate and monetary policy environment Futures - contracts traded (million) Electricity futures and options net revenue as a % of total futures and OTC revenue 15% 10% 5% 0% FY18 FY19 FY20 FY21 FY22 1H18. 2H18 = 1H19.- 2H19. 1H20. 2H20-)1H21— 2H21— 1H
Slide 9: Financial performance
For personal use only Gillian Larkins, CFO Financial performance GD ASX
Slide 10: FY22 ASX financial results
FY22 ASX financial results Growth in profitability with revenue profile delivering solid returns FY22 2H22 1H22 FY21| FY22v $m Siu) $m Siu) FY21 | Listings 213.9 109.8 104.1 182.9 16.9% ——) Markets 298.6 156.7 141.9 287.0 41% Technology and Data 2219 113.3 108.6 204.0 8.8% Operating revenue increase
Slide 11: Listings
Listings Elevated new and secondary capital raisings aided by notable transactions FY22v Initial listing fee revenue contribution per period cerns Revenue (Smillion) 213.9 109.8 1041 182.9 16.9% 229 Annual listing 108.8 55.6 53.2 89.9 21.1% 18.4 18.6 kas Initial listing 22.9 11.8 1.1 18.6 22.9% 12.5
Slide 12: Markets
Markets Growth in trading activity and commodities products, partly offset by lower rates environment 200 Revenue (Smillion) 298.6 156.7 141.9 287.0 41% Futures and OTC 211.8 111.0 100.8 214.4 (1.2%) 150 Equity options 15.5 8.5 7.0 11.6 33.4% 400 Cash market trading 71.3 37.2 341 61.0 16.8% 50 Key d
Slide 13: Technology and Data
Technology and Data Growing demand for market data and expansion of the ecosystem FY22v FY22 2H22 1H22 IF FY21 Revenue ($million) 221.9 113.3, 108.6 204.0 8.8% Information services 130.5 66.9 63.6 118.0 10.6% Technical services 91.4 46.4 45.0 86.0 6.3% Key drivers (spot) ALC cabinets 386 386 369 368
Slide 14: Securities and Payments
Securities and Payments Result reflects market activity, partly offset by continued investment in Sympli FY22v FY22 2H22 1H22 FY21 FY21 On-market value cleared (Sbillion) Revenue (Smillion) 288.3 1415 146.8 277.6 Issuer services 78.5 36.1 42.4 75.3 ia Equity post-trade services 153.1 75.7 77.4 143.7
Slide 15: FY22 ASX total expenses
FY 22 ASX total expenses Underlying expense growth led by higher staff and costs associated with key initiatives FY22v Staff 1717 86.0 85.7 154.3 (11.3%) Occupancy 8.9 44 45 9.4 5.7% Equi t 47.8 24.2 23.6 42.5 (12.7% . A aemen - (errs, Staff expense growth reflects costs associated with Administrati
Slide 16: ASX FY23 total expense and capital expenditure guidance
ASX FY23 total expense and capital expenditure guidance Annual growth composition 9.0% : i Fy23) | H 8.4% guidance | H 10-12% } Hl FY23 FY20 FY21 FY22 FY23 mStaff mEquipment m Variable and ASIC levy = Other Since FY17, ASX has invested in technology, risk and governance foundations Gy Expense guidan
Slide 17: FY22 ASX net interest income
FY22 ASX net interest income Lower investment earnings in the period given FY22 interest rate environment Po FY22| 2H22 4H22 FY21 aa Average collateral balance ($billion) Group net interest income c 6) 12.3% Lease financing cost 2.9) (1. im sy 3 11.2% Group net interest income _ (1.2) oy Gy 12.0% Ne
Slide 18: FY22 ASX balance sheet and shareholder returns
FY22 ASX balance sheet and shareholder returns Financially stable balance sheet; 90% dividend payout policy FY22v FY Cash and other financial assets 14,457.0 13,381.9 Earnings per share (cents) 262.7 133.4 129.3 2484 5.7% Intangibles (excluding software) 23255 2,325.6 _ Dividends per share (cents) 2
Slide 19: Strategy update
For personal use only Helen Lofthouse, CEO Strategy update GD ASX
Slide 20: Focusing on customers - communication and support
Focusing on customers - communication and support Understanding customers is vital for effective ASX operations oO) > E: LS = : Customers are Effective two-way Listening and Realigned business our priority communication understanding model to focus customer needs on customer 19 | @aAsx
Slide 21: Focusing on customers - innovation and growth
Focusing on customers - innovation and growth ASX’s products and services evolve and grow based on customer needs Equity options pricing structure Agribusiness index launched updated, new products launched tor (eel Ioorehedbe Customer-driven OTC clearing eligibility expanded KPMe areineo, Askew . pr
Slide 22: Supporting the nation's financial system stability
Supporting the nation’s financial system stability Focused on the highest standards of risk management and regulatory compliance Fair, orderly and transparent markets Fair and effective clearing and Strong risk management foundations settlement systems, reducing counterparty risk Continuous improvem
Slide 23: Technology strategy
Technology strategy Technology is fundamental to ASX for current services and business growth Ongoing investment in technology Enable Australia and New Zealand's financial markets to operate on contemporary, Technology transformation flexible technology Reduce incidents and outages across the portfo
Slide 24: For personal use only
For personal use only Equity trading Website Market surveillance ASX Net Market announcements Reference data Australian Liquidity Centre Equity data warehouse Equity clearing and settlement (CHESS) Secondary data centre 0 10 20 30 0 10 20 30 Derivatives trading Austraclear Futures clearing ETO clear
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For personal use only 692 181 595 441 FY14 FY22 Connections with ASX Customer-to-customer connections
Slide 26: Technology - CHESS update
Technology - CHESS update Focused on delivering CHESS replacement safely ASX continues to invest in the existing CHESS system. Existing CHESS Capacity, speed and resilience are significantly strengthened CHESS remains reliable and robust. Distributed ledger technology (blockchain) Application softwa
Slide 27: Focusing on people and culture
Focusing on people and culture Our people are proud to work at ASX and understand the criticality of what we do Overall engagement score aa oh 6 A % FY22 staff survey rustworthy (e) Original The Example Creating a healthy, safe and inclusive work environment FOR THE BENEFIT OF OURSELVES, OUR CUSTOME
Slide 28: Sustainability
Sustainability ASX recognises the importance of its role in supporting a sustainable future for Australia ASX'S PATHWAY TO NET ZERO BY FY25 FY21 FY23 FY25 - Announced target of net zero Scope 1 - 100% renewable energy sourced - Targeting net zero Scope 1 and and Scope 2 emissions by FY25 - Reduce to
Slide 29: Outlook
For personal use only Helen Lofthouse, CEO Outlook GD ASX
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Slide 33: Appendices
Appendices 4) Transaction and activity levels 5] Free cash flow summary
Slide 34: 1. Income statement
1. Income statement FY18 FY FY20 FY21 FY22 S$million S$million S$million S$million S$million Annual listing 85.8 93.8 92.4 89.9 108.8 Initial listing 18.6 19.2 18.4 18.6 22.9 Subsequent raisings 58.9 51.2 56.1 64.1 73.1 Investment products and other listing 93 8.0 94 10.3 941 Listings 172.6 172.2 17
Slide 35: 1. Income statement (continued)
1. Income statement (continued) Staff 145.4 154.3 171.7 Occupancy 97 9.4 8.9 Equipment 35.4 42.5 47.8 Administration 22.4 22.5 26.0 27.9 31.6 Variable 7.9 8.4 10.7 14.2 15.5 AsIClevy 6.3 7.6 85 8.5 77 Operating expenses 195.5 214.8 235.7 256.8 283.2 EBITDA 627.2 649.0 702.7 694.7 739.5 Depreciation
Slide 36: 2. Balance sheet
2. Balance sheet 30 Jun18 30 Jun19 30 Jun20 30 Jun21 30 Jun 22 Smillion S$million Smillion S$million Smillion Assets Cash and other financial assets 9,570.1 12,2703 13,857.0 13,3819 14,457.0 Intangibles (excluding software) 2,326.3 2,326.1 2,325.9 2,325.6 2,325.5 Software 11.7 132.2 170.9 240.9 311.
Slide 37: 3. Key financial ratios
3. Key financial ratios FY18 FY19 Fy2i FY21 FY22 Basic earnings per share (EPS) * 230.0¢ 254.1¢ 257.6 248.4c 262.7 Diluted EPS" 230.0¢ 254.1¢ 257.6¢ 248.4c 262.7 Underlying EPS? 240.4¢ 254.1¢ 265.4c 248.4c 262.7 Dividend per share - interim 107.2 114.4c 116.4¢ 112.4c 116.4c Dividend per share - fina
Slide 38: 4.1 Listings
4.1 Listings FY18 FY19 FY20 FY21 FY22 Total domestic market capitalisation (Sbn) - period end $1,957 $2,069 $1,918 $2,498 $2,308 Total number of listed entities (includes all stapled entities) - period end 2,285 2,269 2,188 2,228 2,317 Number of new listings 137 m1 83 176 217 Average annual listing
Slide 39: 4.2 Markets: Futures and OTC
4.2 Markets: Futures and OTC FY18 FY19 FY20 FY21 FY22 Trading days 255 255 257 256 256 Total contracts traded - futures (‘000) ASX SPI 200 13,782 15,994 19,246 14,425 14,815 90 day bank bills 33,226 34,698 24,967 12,833 21,235 3 year bonds 56,041 60,488 58,091 45,598 42,618 5 year bonds* - - - 1,138
Slide 40: 4.2 Markets: Futures and OTC (continued)
4.2 Markets: Futures and OTC (continued) FY18 FY19 FY22 Total contracts traded - options on futures (‘000) ASX SPI 200 140 98 65 28 9 3 year bonds 85 227 177 3 0 Overnight 3 year bonds 314 279 269 ie} 5 Intra-day 3 year bonds 344 610 508 27 7 10 year bonds* 36 4 25 61 3 Electricity 36 56 79 116 101
Slide 41: 4.2 Markets: Equity Options
4.2 Markets: Equity Options FY18 FY19 FY20 FY21 FY22 Trading days 252 252 255 254 253 Single stock options (‘000) 80,091 73,825 65,894 56,887 60,172 Index options and futures ('000) 12,461 11,282 9,842 5,328 5,896 Average daily single stock options contracts 317,822 292,957 258,406 223,964 237,835 A
Slide 42: 4.2 Markets: Cash Market Trading
4.2 Markets: Cash Market Trading FY18 FY19 FY20 FY21 FY22 Trading days 252 252 255 254 253 Total cash market trades ('000) 292,528 359,985 460,789 384,150 448,276 Average daily cash market trades 1,160,826 1,428,512 1,807,015 1,512,400 1,771,841 Continuous trading value (Sbn) $677.893 $722.11 $995,3
Slide 43: 4.3 Technology & Data: Technical Services
4.3 Technology & Data: Technical Services FY18 FY1 FY22 Technical Services (number at period end) ASX Distribution Platform Australian Liquidity Centre cabinets 301 324 326 368 386 Connection Services ASX Net connections 2 104 103 103 106 ASX Net service feeds 444 447 455 452 476 Australian Liquidit
Slide 44: 4.4 Securities & Payments: Austraclear
4.4 Securities & Payments: Austraclear FY18 FY19 FY22 Settlement days 252 253 255 254 253 Transactions ('000) Cash transfers 605 610 645 565 560 Fixed interest securities 770 812 975 1,100 1,229 Discount securities 146 147 131 103 104 Foreign exchange 9 9 6 5 4 Other 1 - - 1 : Total transactions 1,5
Slide 45: 4.5 CCP participant collateral balances
4.5 CCP participant collateral balances Balances at periodend ASX Clear - initial margins 567.3 843.6 1,286.4 971.3 1,257.7 ASX Clear (Futures) - initial margins Houset 1,920.6 2,369.7 2,763.2 2,628.2 2,449.3 ASX Clear (Futures) - initial margins Client! 4,182.7 5,548.9 6,797.1 6,597.0 5,389.4 ASX C
Slide 46: 5. ASX Group own cash movement
5. ASX Group own cash movement ASX Group cash Total cash and short-term investments. 9,565.3 12,265.0 13,857.0 13,381.9 14,457.0 Less participants’ margins and commitments (8,495.8) (10,801.0) (12,677.2) (12,214.8) (13,276.7) ASX Group own cash reserves 1,069.5 1,464.0 1,179.8 1,167.1 1,180.3 Openin
Slide 47: Disclaimer
Disclaimer The material contained in this document is a presentation of general information about the ASX Group’s activities current as at the date of this presentation (18 August 2022). It is provided in summary and does not purport to be complete. You should not rely upon it as advice for investme