Singapore Exchange Ltd. · SGX:S68

Singapore Exchange — FY2001 Earnings Presentation

28 slides from Singapore Exchange's earnings presentation, Aug 16, 2001

  1. Slide 1: Singapore Exchange Limited FY2001 Annual Results

    Singapore Exchange Limited FY2001 Annual Results 16 August 2001 © SGX FY2001 Results Briefing - August 2001 1

  2. Slide 2: Creating Value For Tomorrow's Market

    Creating Value For Tomorrow’s Market Overview : SGX’s Value Drivers FY2001 Financial Results Strategic Direction : SGX’s Four Strategic Pillars Conclusion © SGX FY2001 Results Briefing - August 2001 2

  3. Slide 3: Overview: SGX's Value Drivers

    Overview : SGX’s Value Drivers  Innovative industry leader with strong brand value  Vertically & horizontally integrated marketplace  Solid financial position / attractive dividend potential  Creating efficient, world-class infrastructure  Well established market alliances  Excellent distribut

  4. Slide 4: Creating Value For Tomorrow's Market

    Creating Value For Tomorrow’s Market Overview : SGX’s Value Drivers FY2001 Financial Results Strategic Direction : SGX’s Four Strategic Pillars Conclusion © SGX FY2001 Results Briefing - August 2001 4

  5. Slide 5: FY2001 Financial Results

    FY2001 Financial Results 12 Months ended 30 June 2001

  6. Slide 6: Securities Market

    Securities Market Annual Trading Volume Annual Trading Value Turnover Velocity (billion units) (S$ billions) (%) 140 200 186 50 128 119 180 45 120 160 155 160 40 146 100 94 140 35 120 107 109 30 80 101 71 64 100 91 25 60 80 20 44 57 40 39 40 33 60 15 31 40 27 10 16 20 12 20 5 0 0 0 91 92 93 94 95 96

  7. Slide 7: Derivatives Market

    Derivatives Market Number of Contracts Traded Volume by Contracts (FY2001) (millions) 30 27.9 28.1 27.2 25.8 MSCI Taiwan 13% Others 25 22.4 Nikkei 8% 22.0 16% 20 15 10 Euroyen 17% Eurodollar 5 46% 0 96 97 98 99 00 01 FY © SGX FY2001 Results Briefing - August 2001 7

  8. Slide 8: SGX - Consolidated Profit And Loss

    SGX - Consolidated Profit And Loss S$MM FY2001 FY2000 * Operating Revenue 208.4 238.1 Operating Expenses (136.0) (112.0) Operating Profit 72.4 126.1 Non-Operating Revenue 17.0 18.9 Profit/(Loss) From Associate (0.4) - Net Profit Before Tax & Exceptional Items 89.0 145.0 Exceptional Items (20.6) - Ta

  9. Slide 9: Performance By Market

    Performance By Market FY2001 FY2000 * 6% 3% 27% 21% 67% 76% Total Operating Revenue = S$208.4MM Total Operating Revenue = S$238.1MM Securities Market Derivatives Market Other Operations * Stated on a pro-forma basis © SGX FY2001 Results Briefing - August 2001 9

  10. Slide 10: Performance By Market Operating Revenue

    Performance By Market Operating Revenue S$MM FY2001 FY2000 * Securities Market 140.7 180.6 Derivatives Market 55.4 49.1 Other Operations 12.3 8.4 Total Operating Revenue 208.4 238.1 * Stated on a pro-forma basis © SGX FY2001 Results Briefing - August 2001 10

  11. Slide 11: Revenue Mix

    Revenue Mix FY2001 FY2000 * 5% 3% 4% 3% 1% 4% 5% 8% 17% 15% 52% 11% 59% 13% Total Operating Revenue = S$208.4MM Total Operating Revenue = S$238.1MM Clearing Fees Rental of Computer Terminals Account Maintenance & Processing Fees Listing & Membership Fees Price Information Sale of Softwares & Other C

  12. Slide 12: FY2001 Breakdown of Operating Revenue

    FY2001 Breakdown of Operating Revenue S$MM Securities Derivatives Others Total Clearing Fees 73.4 33.8 - 107.2 Rental of Computer Terminals 26.4 1.3 - 27.7 Account Maintenance & 24.8 - 6.8 31.6 Processing Fees Listing & Membership Fees 9.5 7.8 - 17.3 Price Information 2.8 8.4 - 11.2 Sale of Software

  13. Slide 13: Operating Expenses

    Operating Expenses FY2001 FY2000 * 13% 15% 15% 17% 13% 45% 15% 46% 10% 11% Total Operating Expenses = S$136.0MM Total Operating Expenses = S$112.0MM Staff Costs Occupancy Costs System Maintenance & Rental Depreciation Other Operating Expenses * Stated on a pro-forma basis © SGX FY2001 Results Briefi

  14. Slide 14: Operating Expenses

    Operating Expenses S$MM FY2001 FY2000 * Staff Costs 62.5 49.9 Occupancy Costs 14.5 11.1 System Maintenance & Rental 21.0 14.6 Depreciation 19.7 19.0 Other Operating Expenses 18.3 17.4 Total Operating Expenses 136.0 112.0 * Stated on a pro-forma basis © SGX FY2001 Results Briefing - August 2001 14

  15. Slide 15: SGX - Consolidated Balance Sheet

    SGX - Consolidated Balance Sheet S$MM 30 June 2001 30 June 2000 Current Assets - Others 933 1,046 - Member Funds 1,846 2,423 Non-Current Assets 330 204 3,109 3,673 Current Liabilities - Others 411 399 - Member Funds 1,846 2,423 Non-Current Liabilities 2 4 2,259 2,826 Net Assets 850 847 Shareholders’

  16. Slide 16: SGX Share Price Performance

    SGX Share Price Performance S$/Share 1.60 1.55 1.50 IPO Price on 23 Nov 2000 : S$1.10 1.45 1.40 1.35 1.30 1.25 1.20 1.15 1.10 1.05 1.00 0.95 0.90 Last Done Price on 29 Jun 2001 : S$1.16 0.85 0.80 0.75 0.70 0.65 0.60 0.55 0.50 23-Nov-00 04-Dec-00 13-Dec-00 22-Dec-00 05-Jan-01 29-Jan-01 07-Feb-01 16-F

  17. Slide 17: SGX Share Price Performance Against STI

    SGX Share Price Performance Against STI 130.0 125.0 RELATIVE PRICES/INDICES WITH 120.0 115.0 23/11/00 AS BASE 100 110.0 105.0 100.0 95.0 90.0 85.0 80.0 23/11/00 30/11/00 29/12/00 31/01/01 28/02/01 30/03/01 30/04/01 31/05/01 29/06/01 SGX * STI * SGX’s IPO Price of S$1.10 was used as Base 100 © SGX FY

  18. Slide 18: Creating Value For Tomorrow's Market

    Creating Value For Tomorrow’s Market Overview : SGX’s Value Drivers FY2001 Financial Results Strategic Direction : SGX’s Four Strategic Pillars Conclusion © SGX FY2001 Results Briefing - August 2001 18

  19. Slide 19: Strategic Direction: SGX's Four Strategic Pillars

    Strategic Direction SGX’s Four Strategic Pillars :  Create a more exciting product array supported by an efficient, world class infrastructure  Extend global distribution of SGX products  Establish SGX as an Asian access point for global markets  Unlock existing asset value © SGX FY2001 Results

  20. Slide 20: Create a More Exciting Product Array supported by Efficient Infrastructure

    Create a More Exciting Product Array supported by an Efficient, World Class Infrastructure  Implement Stock Borrowing and Lending  Develop Straight Through Processing capability for the institutional market  Develop and implement a listing strategy with a regional outlook  ITS Joint Venture © SG

  21. Slide 21: Create a More Exciting Product Array: New Product Launches

    Create a More Exciting Product Array supported by an Efficient, World Class Infrastructure  Launch new securities and derivatives products :  ETFs • Amex ETFs began trading on 4 May 2001 • STI ETFs to be launched 2H 2001  5-Year Singapore Government Bond Futures launched on 29 June 2001  Single

  22. Slide 22: Extend Global Distribution of SGX Products

    Extend Global Distribution of SGX Products  SGX Access  SGX-ASX Linkage  Enhanced DT-ETS Access  ETS products available on Bloomberg terminals  Internet connectivity to ETS © SGX FY2001 Results Briefing - August 2001 22

  23. Slide 23: Establish SGX as an Asian Access Point for Global Markets

    Establish SGX as an Asian Access Point for Global Markets  Successfully launched and trade foreign equity ETFs  Create necessary infrastructure for B2B alliances  Create further market linkages, both within Asia and outside Asia © SGX FY2001 Results Briefing - August 2001 23

  24. Slide 24: Unlock Existing Asset Value

    Unlock Existing Asset Value  Unlock hidden assets embedded in SGX  Continue to seek acquisition opportunities around our core businesses  Identify new revenue streams while managing costs and headcount © SGX FY2001 Results Briefing - August 2001 24

  25. Slide 25: Creating Value For Tomorrow's Market

    Creating Value For Tomorrow’s Market Overview : SGX’s Value Drivers FY2001 Financial Results Strategic Direction : SGX’s Four Strategic Pillars Conclusion © SGX FY2001 Results Briefing - August 2001 25

  26. Slide 26: FY2001 Dividend

    FY2001 Dividend Cents per share Interim Final Total Gross Dividend 3.0000 4.3000 7.3000 Tax at 24.5% 0.7350 1.0535 1.7885 Net Dividend 2.2650 3.2465 5.5115 Books Closure Date 23 Feb 2001 2 Oct 2001 Payment Date 8 Mar 2001 12 Oct 2001 © SGX FY2001 Results Briefing - August 2001 26

  27. Slide 27: Conclusion

    Conclusion  Strong brand value  Attractive high margin and well diversified business lines  Creating efficient, world-class infrastructure  Forging international strategic alliances and new distribution channels  Strong dividend potential offers attractive yield  Management committed to shareh

  28. Slide 28: Thank You

    Thank You © SGX FY2001 Results Briefing - August 2001 28

Singapore Exchange — FY2001 Earnings Presentation on 6ix