Singapore Exchange Ltd. · SGX:S68
Singapore Exchange — H1 FY2003 Earnings Presentation
20 slides from Singapore Exchange's earnings presentation, Feb 21, 2003
Slide 1: Singapore Exchange Limited FY2003 Half Year Results
Singapore Singapore Exchange Exchange Limited Limited FY2003 FY2003 Half Half Year Year Results Results 21 21 February February 2003 2003
Slide 2: Market Performance
SGX: Building Tomorrow’s Market, Today Market Market Performance Performance FY2003 FY2003 Half Half Year Year Results Results SGX SGX Share Share Price Price and and Interim Interim Dividend Dividend
Slide 3: Market Performance
SGX: Building Tomorrow’s Market, Today Market Market Performance Performance FY2003 FY2003 Half Half Year Year Results Results SGX SGX Share Share Price Price and and Interim Interim Dividend Dividend
Slide 4: Market Performance – Securities Market
Market Performance – Securities Market Trading Volume Trading Value (billions) (S$ billion) 140 200 180 120 160 100 140 80 120 64.6 60 100 90.2 44.8 46.3 44.1 76.2 80 40 36.3 58.8 61.6 58.2 25.0 26.4 60 21.8 48.0 47.9 47.7 20 13.5 40 35.2 0 20 FY95 FY96 FY97 FY98 FY99 FY00 FY01 FY02 FY03 FY95 FY96 F
Slide 5: Market Performance – Securities Market
Market Performance – Securities Market Trading Volume Trading Value (billions) (S$ billion) 140 200 128 186 119 180 120 109 160 155 146 100 94 132 140 80 120 109 107 64 101 100 91 60 46 44 40 39 80 40 60 48 20 40 0 20 FY95 FY96 FY97 FY98 FY99 FY00 FY01 FY02 FY03 FY95 FY96 FY97 FY98 FY99 FY00 FY01 FY
Slide 6: Market Performance – Derivatives Market
Market Performance – Derivatives Market Trading Volume (millions) 35 32 30 28 28 27 26 25 22 22 20 17 15 10 5 FY96 FY97 FY98 FY99 FY00 FY01 FY02 FY03 FY First Half (Jul – Dec) FY Second Half (Jan – Jun)
Slide 7: Market Performance
SGX: Building Tomorrow’s Market, Today Market Market Performance Performance FY2003 FY2003 Half Half Year Year Results Results SGX SGX Share Share Price Price and and Interim Interim Dividend Dividend
Slide 8: FY2003 Half Year Results
FY2003 Half Year Results
Slide 9: SGX – Consolidated Profit And Loss
SGX – Consolidated Profit And Loss First Half First Half Variance (S$MM) FY2003 FY2002 % Operating Revenue 107.5 103.6 3.7 Operating Expenses (78.9) (76.3) 3.4 Operating Profit 28.6 27.3 4.7 Non-Operating Revenue 11.6 10.7 9.3 Exceptional Item - (7.0) (100.0) Net Profit Before Tax 40.2 31.0 29.9 Tax
Slide 10: Performance By Market – Operating Revenue
Performance By Market – Operating Revenue First Half FY2003 First Half FY2002 7% 6% 29% 28% 64% 66% Total Operating Revenue = S$107.5MM Total Operating Revenue = S$103.6MM Securities Market Derivatives Market Other Operations
Slide 11: Performance By Market – Operating Revenue
Performance By Market – Operating Revenue First Half First Half (S$MM) FY2003 FY2002 Variance Securities Market 69.3 68.6 0.7 Derivatives Market 30.9 28.9 2.0 Other Operations 7.3 6.1 1.2 Total Operating Revenue 107.5 103.6 3.9
Slide 12: Revenue Mix
Revenue Mix First Half FY2003 First Half FY2002 6% 6% 6% 7% 7% 8% 16% 16% 50% 48% 15% 15% Total Operating Revenue = S$107.5MM Total Operating Revenue = S$103.6MM Clearing & Related Income Access & Terminal Fees Account Maintenance & Processing Fees Listing & Membership Fees Price Information Fees Ot
Slide 13: Operating Revenue
Operating Revenue First Half First Half (S$MM) FY2003 FY2002 Variance Clearing & Related Income 53.5 49.8 3.7 Access & Terminal Fees 16.4 15.8 0.6 Account Maintenance & Processing Fees 16.8 16.8 - Listing & Membership Fees 7.9 8.3 (0.4) Price Information Fees 6.3 5.9 0.4 Others 6.6 7.0 (0.4) Total O
Slide 14: Operating Expenses
Operating Expenses First Half FY2003 First Half FY2002 17% 19% 15% 13% 44% 13% 43% 14% 12% 10% Total Operating Expenses = S$78.9MM Total Operating Expenses = S$76.3MM Staff Costs Occupancy Costs System Maintenance & Rental Depreciation Others
Slide 15: Operating Expenses
Operating Expenses First Half First Half (S$MM) FY2003 FY2002 Variance Staff Costs 35.0 33.1 1.9 Occupancy Costs 7.9 8.8 (0.9) System Maintenance & Rental 11.0 9.8 1.2 Depreciation 11.6 10.2 1.4 Other Operating Expenses 13.4 14.4 (1.0) Total Operating Expenses 78.9 76.3 2.6
Slide 16: SGX – Consolidated Balance Sheet
SGX – Consolidated Balance Sheet As At As At (S$MM) 31 Dec 2002 30 Jun 2002 Net Current Assets 559.5 565.8 Net Non-Current Assets 274.7 272.1 Net Assets 834.2 837.9 Shareholders’ Equity 833.9 836.6 Minority Interests 0.3 1.3 Total Equity & Minority Interests 834.2 837.9 Net Tangible Assets Per Share
Slide 17: SGX Share Price and Interim Dividend
SGX: Building Tomorrow’s Market, Today Market Market Performance Performance FY2003 FY2003 Half Half Year Year Results Results SGX SGX Share Share Price Price and and Interim Interim Dividend Dividend
Slide 18: Relative Prices / Indices
SGX Share Price Performance Against STI 140 Relative Prices / Indices * 130 120 110 100 90 80 70 60 Dec'00 Feb'01 Apr'01 Jun'01 Aug'01 Oct'01 Dec'01 Feb'02 Apr'02 Jun'02 Aug'02 Oct'02 Dec'02 High : S$ 1.440 SGX STI Low : S$ 0.880 31 Dec 02 Last Done : S$ 1.230 * SGX’s IPO Price of S$1.10 was used as
Slide 19: Interim Dividend
Interim Dividend First Half First Half (Cents Per Share) FY2003 FY2002 Gross Dividend 3.000 2.904 Tax at 22% 0.660 0.639 Net Dividend 2.340 2.265 Books Closure Date 10 Mar 2003 15 Mar 2002 Payment Date 20 Mar 2003 27 Mar 2002
Slide 20: Singapore Exchange Limited FY2003 Half Year Results
Singapore Singapore Exchange Exchange Limited Limited FY2003 FY2003 Half Half Year Year Results Results 21 21 February February 2003 2003