Asx Limited · ASX:ASX
Asx — Citi's Australian and New Zealand Investment Conference 2015
19 slides from Asx's conference presentation, Mar 9, 2015
Slide 1: ASX Presentation to Investors (cover announcement)
9 March 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 ASX PRESENTATION TO INVESTORS
Slide 2: Half-Year 2015 Results Presentation
Half-Year 2015 Results Presentation ASX Limited For personal use only Elmer Funke Kupper, Managing Director and CEO March 2015
Slide 3: Disclaimer
Disclaimer For personal use only 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 (9 March 2015). It is provided in summary and does not purport to be complete. You should not rely upon it as
Slide 4: Financial Results 1H15
Financial Results 1H15 For personal use only Revenues Expenses EBITDA Net profit EPS DPS $348.7m $81.4m $267.3m $198.6m 102.7c 92.3c 5.9% (5.4%) 6.0% 4.7% 4.5% 4.6% • Profit after tax $198.6m, up 4.7% ‒ EBITDA up 6.0% driven by revenue growth • Revenues $348.7m, up 5.9% ‒ Growth in all major revenue
Slide 5: Income Statement
Income Statement For personal use only 1H15 1H14 % Variance $ Million $ Million Operating Revenues 348.7 329.3 5.9% Operating Expenses 81.4 77.2 (5.4%) EBITDA 267.3 252.1 6.0% Depreciation and Amortisation 18.6 16.3 (14.0%) EBIT 248.7 235.8 5.5% Interest and Dividend 34.4 34.2 0.3% Profit Before Tax
Slide 6: Revenue Performance
Revenue Performance For personal use only 1H15 1H14 % Variance $ Million $ Million to PCP Listings and Issuer Services 87.9 81.5 7.9% Cash Market 61.9 59.2 4.6% Derivatives and OTC Markets 103.2 99.8 3.3% Information Services 36.7 33.9 8.2% Technical Services 28.8 26.2 9.9% Austraclear 22.3 20.5 9.0
Slide 7: Revenue Movement ($M)
Revenue Movement ($M) For personal use only 1.8 348.7 2.6 2.8 (0.3) 3.4 2.7 6.4 329.3 Up Up Up Up Up Up Down 7.9% 4.6% 3.3% 8.2% 9.9% 9.0% 3.1% Operating Revenues Up 5.9% 1H14 Listings Cash Market Derivatives Information Technical Austraclear Other Revenue 1H15 and Issuer and OTC Services Services S
Slide 8: Listings and Issuer Services
Listings and Issuer Services Highlights Areas of Focus For personal use only Revenue $87.9 million, up 7.9% Listings and Issuer Services • Higher annual listing fees and issuer services revenue • Growth in ETFs – 104 ETFs listed totalling $15 billion • 71 IPOs (69 pcp), IPO capital $19.0 billion, up
Slide 9: Cash Market
Cash Market Highlights Areas of Focus For personal use only Revenue $61.9 million, up 4.6% Trading • Trading $17.4 million, up 5.1%, Clearing $23.0 million, up • Increased use of ASX auctions, 20.1% of ASX on-market 6.2% and Settlement $21.5 million, up 2.5% value • Total on-market value traded per
Slide 10: Derivatives and OTC Markets
Derivatives and OTC Markets Highlights Areas of Focus For personal use only Revenue $103.2 million, up 3.3% Product Development • ASX 24 derivatives $90.4 million, up 0.6% • ETOs – continued focus on education and marketing ‒ Contracts traded up 2.5% • Energy – launch of gas futures CY15 ‒ Higher re
Slide 11: ASX Revenue and OTC Clearing Growth
ASX 24 Revenue and OTC Clearing Growth For personal use only Futures Revenue Movement ($ Million) OTC Notional Value Cleared ($ Billion) 71 5.3 (4.6) (4.0) 3.9 90.4 89.8 43 20 16 15 5 1H14 Volume & Fee Cuts Prop Removal 1H15 2 Product Trader Other Mix Rebates Rebates Jul-14 Aug-14 Sep-14 Oct-14 Nov-
Slide 12: Information and Technical Services
Information and Technical Services Highlights Areas of Focus For personal use only Information Services $36.7 million, up 8.2% Information Services • Pricing changes implemented 1 July 2014 • Alignment to changing user profiles Technical Services $28.8 million, up 9.9% Technical Services • Hosting:
Slide 13: Austraclear
Austraclear Highlights Areas of Focus For personal use only Revenue $22.3 million, up 9.0% Renminbi Settlement Service • Transaction volumes down 5.3% • Launched July 2014 • Average balances up 12.9% to $1.6 trillion • Provides real-time RMB settlement facility • Number of debt issuances up 9.5% • B
Slide 14: Interest and Dividend Income
Interest and Dividend Income For personal use only 1H15 1H14 % $ Million $ Million Variance Highlights ASX Group Net • Total net interest income down 4.7% 14.9 14.5 2.7% Interest Income • ASX Group net interest income up 2.7% from higher cash balances Net Interest Earned on Collateral 14.6 16.4 (11.
Slide 15: Expenses ($M)
Expenses ($M) For personal use only Highlights 81.4 • Total expenses up 5.4% 74.9 77.2 76.4 31.5 ‒ Staff costs up 5.6%. Average headcount 71.3 30.0 30.9 31.2 down 1.1% to 526 FTEs. Salary increases 28.1 and lower staff capitalisation ‒ Other costs up 5.1%. 49.9 • Guidance FY15 operating expenses: 47
Slide 16: Capital Expenditure ($M)
Capital Expenditure ($M) For personal use only 34.8 23.5 24.6 20.5 18.5 18.6 15.4 15.4 13.0 1H11 2H11 1H12 2H12 1H13 2H13 1H14 2H14 1H15 Normal ($95.3m) Data Centre ($36.0m) Post-Trade ($53.0m) Highlights • Average total capital expenditure since 2011: $41 million per annum • Guidance FY15 capital e
Slide 17: Technology Transformation
Technology Transformation For personal use only ASX 24 Trading Cash Derivatives Market Trading platforms Trading Clearing/ Cash ASX Clearing & Derivatives settlement Phase I (Jan 15 – Dec 16) Clearing Settlement (CHESS)1 platforms Market Market integrity Risk Phase II Monitoring Management and risk
Slide 18: Financial Results 1H15
Financial Results 1H15 For personal use only Revenues Expenses EBITDA Net profit EPS DPS $348.7m $81.4m $267.3m $198.6m 102.7c 92.3c 5.9% (5.4%) 6.0% 4.7% 4.5% 4.6% • Profit after tax $198.6m, up 4.7% ‒ EBITDA up 6.0% driven by revenue growth • Revenues $348.7m, up 5.9% ‒ Growth in all major revenue
Slide 19: For personal use only
For personal use only @ Internationally competitive Customer driven Globally e connected World class ih ASX e Www.asx.com.au Customer service 131 ASX (131 279) | International +61 2 9338 0000
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