Philippine Stock Exchange, Inc. · PSE:PSE
Philippine Stock Exchange — The Philippine Stock Exchange — Q1 2024 Earnings Presentation
26 slides from Philippine Stock Exchange's earnings presentation, May 17, 2024
Slide 1: Analysts' Briefing Q1 2024 Financial Results
Analysts’ Briefing Q1 2024 Financial Results Atty. Roel A. Refran EVP & COO May 17, 2024
Slide 2: Agenda
Agenda 01 | Key Highlights 02 | Financial Performance 03 | Strategic Initiatives
Slide 3: Key highlights
Key highlights Stock Market Highlights (as of April 30, 2024) 282 Php9.17bn Php17.41tn Listed companies Capital raised (-61.4% YOY) Total MCap (+4.0% YTD) 6,700.49 pts Php6.18bn (Php13.57bn) PSEi (+3.9% YTD) AVTO (+1.4% YTD) Net foreign transactions • The PSEi closed at 6,700.49 points at the end of
Slide 4: 3M 2024 Financial Performance
02 | 3M 2024 Financial Performance
Slide 5: Consolidated financial performance
Consolidated financial performance % to Total Operating Revenues (3M 2024) YOY % in Php mn 2022 2023 3M23 3M24 Change Other revenues Operating Revenues 1,537.03 1,401.26 382.29 353.34 -7.6% 14.7% Listing 32.5% Total Expenses 707.29 750.22 172.71 174.99 +1.3% Technology 6.0% Operating Income 829.75 6
Slide 6: Listing-related revenues
Listing-related revenues Listing 3M24 vs 3M23 Initial Listing Listing maintenance Php51.56 million (down 36.2%) Php63.15 million (down 3.7%) Initial listing revenue declined due to subdued capital raising activities posted at Php4.89 billion for 3M 2024, compared to Capital Raising Activities (in Ph
Slide 7: Capital raising activities
Capital raising activities Listing Forthcoming listings 2024 Total Capital Raised : Php15.25 billion ~Php29.56 billion (as of May 15, 2024) IPO FOO SRO IPO Jollibee Foods Citicore Renewable Corporation* Union Bank of the Energy Corporation Philippines ~Php8 billion OceanaGold (Philippines), Inc. ~Ph
Slide 8: Programs to drive new listings
Programs to drive new listings Listing The PSE has a total of 65 companies currently PSE takes an active role in participating in SEC’s On July 17, 2023 PSE partnered with MOBILIST enrolled under its LEAP program to date. roadshow for capital formation across various (Mobilising Institutional Capita
Slide 9: Trading-related revenues
Trading-related revenues Trading 3M24 vs 3M23 Trade Transaction SCCP Clearing and Settlement Php36.77 million (down 24.0%) Php65.66 million (down 24.0%) Trading-related revenues declined by 24.0% as of 3M 2024 as total value turnover Average Value Turnover and Total Value Turnover decreased by 24.0%
Slide 10: Products and services
Products and services Trading Short Selling Program Facility for VWAP Trading Launched: November 6, 2023 Go-Live Date: March 1, 2024 Salient Features Enhancements to the Short Selling Program • Enables investors to execute trades on a trading day • All PSEi, MidCap, and DivY constituent using that d
Slide 11: Strategic initiatives in the pipeline
Strategic initiatives in the pipeline Trading Depositary Receipts (DRs) Derivatives Target Launch: 2025 Target Launch: 2026 • Allows local investors to hold foreign securities • Ongoing learning sessions and consultations with without the need to trade directly in the foreign stock exchanges and oth
Slide 12: Improving liquidity
Improving liquidity Trading Expanding the investor base in collaboration with government institutions 5-year CAGR Partnership with DMW 11.8% February 29, 2024 1,906,019 PSE and the Department of Migrant Workers 1,712,734 (DMW) signed an MOU to collaborate in 1,620,017 financial literacy initiatives
Slide 13: Improving liquidity
Improving liquidity Trading Expanding the investor base through the digital space Increasing LSI participation through PSE EASy PSE EASy is an online application that enables local small investors (LSI) to register and subscribe to the LSI tranche of an IPO and FOO. Phase 2 Launched on March 7, 2024
Slide 14: Improving liquidity
Improving liquidity Trading Expanding the investor base through the digital space Stock investing enabled via fintech platforms The launch of stock trading on e-wallet apps such as GCash and Maya platforms enabled its users to buy, sell and manage shares directly through the respective platforms.
Slide 15: Improving liquidity
Improving liquidity Trading Expanding the investor base by educating the market Certified Securities Specialist Course The PSE Certified Securities Specialist Course is a 124-hour continuing education program on financial PSE Academy is an interactive web-based market theories and real-world applica
Slide 16: Making stock market investing more affordable
Making stock market investing more affordable Trading Board Lot Amendment Advocating for the passage of the Capital Markets Efficiency PSE submitted to the SEC proposed Promotion Act amendments to the board lot structure to make stock investing The 0.6% stock transaction tax accessible and affordabl
Slide 17: Market and technology platform revenues
Market and technology platform revenues Market data Technology platform Php63.18 million (up 58.1%) Php21.13 million (up 72.3%) 3M24 vs 3M23 3M24 vs 3M23 As of 3M 2024, market data revenues picked up by 58.1% primarily from Subscriptions revenues increased by 72.3% year-on-year to Php21.13 payments
Slide 18: Expenses
Expenses % to Total Expenses (3M 2024) YoY % in Php mn 2023 3M 2023 3M 2024 Other expenses Change Compensation 7.7% 31.2% Compensation 254.49 53.39 54.60 2.3% Occupancy costs Depreciation 154.10 30.28 39.86 31.6% 6.7% Repairs and maintenance 144.68 46.06 37.67 -18.2% Professional fees 85.33 17.39 17
Slide 19: Balance sheet
Balance sheet YOY % in Php mn 2023 3M 2023 3M 2024 Change Current Assets 4,072.20 4,746.06 4,378.29 -7.7% Non-Current Assets 3,071.08 2,764.35 3,033.98 9.8% Total Assets 7,143.28 7,510.41 7,412.27 -1.3% Current Liabilities 650.64 1,774.27 1,679.33 -5.4% Non-Current Liabilities 960.89 776.98 775.90 -
Slide 20: Asset Mix
Asset Mix % to Total Assets (3M 2024) Other Assets 12.5% Cash and Cash Investment in an Equivalents associate 37.4% 3.1% In 3M 2024, PSE’s cash and cash Property and equipment Total Assets: equivalents comprised 37.4% of its total 15.2% Php7.41bn assets, minimizing its need to borrow. (-1.3%) As of
Slide 21: Financial ratios
Financial ratios 2022 2023 3M 2024* Return on Assets (in %) 10.5 10.7 11.0 Return on Equity (in %) 13.3 13.9 16.4 Earnings per share (in Php) 9.12 9.47 9.93 Price per share (in Php) 158.00 170.00 192.90 Price to Earnings ratio 17.3x 17.9x 19.4x Dividends per share** (in Php) 10 10 - Dividend Yield**
Slide 22: Strategic Initiatives
03 | Strategic Initiatives
Slide 23: PSE Strategic Plan (2024 to 2026)
PSE Strategic Plan (2024 to 2026) A premier exchange with world-class standards for trading securities and VISION raising capital that serves as a strong engine for a robust economy. THREE CORE STRATEGIES FIVE STRATEGIC PRIORITIES INCREASE MARKET through the development of new products, addition of
Slide 24: PSE aims to achieve Net Zero by 2050
PSE aims to achieve Net Zero by 2050 PSE joins NZFSPA December 4, 2023 • PSE formalized its membership to the Net Zero Financial Service Providers Alliance (NZFSPA), a member coalition of the broader Glasgow Financial Alliance for Net Zero (GFANZ). • GFANZ is a coalition of eight independent net-zer
Slide 25: Investment highlights
Investment highlights Revenue streams from market data and technology businesses provide resiliency when market conditions are muted Consistent annual dividend payouts with relatively high yields Significant upside potential to grow the investor base, number of issuers and increase product portfolio
Slide 26: THANK YOU.
THANK YOU. DOWNLOAD on the App Store and Google Play FOLLOW US ON The Philippine Stock Exchange, Inc. @phstockexchange CONTACT US ON VISIT Philippine Stock Exchange Tower For Corporate Information 5th Avenue corner 28th Street www.pse.com.ph Bonifacio Global City Taguig City 1634 Philippines For Dis
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