Nairobi Securities Exchange PLC · NSEKE:NSE
Nairobi Securities Exchange — Nairobi Stock Exchange — Q1 2006 Earnings Presentation
27 slides from Nairobi Securities Exchange's earnings presentation, Apr 6, 2006
Slide 1: Nairobi Stock Exchange 1st Quarter Media Brief
Nairobi Stock Exchange 1st Quarter Media Brief 6 April Mr. Chris Mwebesa Chief Executive April 6 2006 NAIROBI STOCK EXCHANGE
Slide 2: Table of Contents
TABLE OF CONTENTS Market Performance Overview – Quarter 1 2006 – Business Development – Corporate Actions Market Outlook
Slide 3: 1st Quarter Performance Overview - Changes from Previous Quarter
1st Quarter Performance Overview - Market Indicators: Changes from the Previous Mkt. indicatorQuarter Oct. - Dec. Jan. –Mar. % Change 2005 2006 NSE 20 Share 3,973.04 4,101.64 3.24 Index Mkt Cap. 462.48 484.18 4.69 (Kshs. Bn) No. of Shares 226.73 274.65 21.13 Traded (Mn) Equity Turnover 12,262.11 13,
Slide 4: Quarter One 2006 Performance Overview vs Corresponding Quarter 2005
Quarter One 2006 Performance Overview Market Indicators: Corresponding Quarter 2005 Mkt. Indicator Q1 Q1 2006 % Change 2005 NSE 20 Share Index 3,208.6 4,101.64 27.83 6 Mkt Cap. 329.01 484.18 47.16 (Kshs. Bn) No. of shares Traded 112.78 274.65 143.53 (Mn) Equity Turnover 4,609.4 13,231.09 187.04 (Ksh
Slide 5: Equity Market Performance: NSE 20-Share Index and Market Capitalization
NSE 20-Share Index 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 Dec-03 Jan-04 Feb-04 Mar-04 April-04 May-04 Jun-04 Jul-04 Aug-04 10 Sep-04 24-Sep-04 13-Oct-04 Nov-04 NSE 20 -Share Index Month Dec-04 Jan-05 Feb-05 Mar-05 Apr-05 Performance May- 05 Equity Market Jun-05 1 Jul-05 Market Capitalizatio
Slide 6: Debt Securities Market Performance Overview
Debt Securities Market Performance Overview Jan 2005 – March 2006 5,000 4,500 4,000 3,500 Kshs. Millions 3,000 2,500 2,000 1,500 1,000 500 0 5 05 05 06 6 5 5 5 -0 -0 -0 l-0 -0 p- n- n- ov ar ar ay Ju Se Ja Ja M M N M Bonds
Slide 7: Business Development
BUSINESS DEVELOPMENT Mr. Chris Mwebesa Chief Executive March 30 2006 NAIROBI STOCK EXCHANGE
Slide 8: Market Interventions to Stimulate New Listings
Market Interventions to Stimulate New Listings On February 9 2006, the Nairobi Stock Exchange and the Tourism Trust Fund cosponsored a Tourism Seminar “Financing Tourism Development in Kenya through the Nairobi Stock Exchange” at the Nairobi Serena. It is part of the NSE’s efforts to demystify t
Slide 9: Corporate Actions in Q1 2006
CORPORATE ACTIONS IN Q1 2006 Mr. Chris Mwebesa Chief Executive March 30 2006 NAIROBI STOCK EXCHANGE
Slide 10: Official Listing of TPS Eastern Africa Serena
Official Listing of TPS Eastern Africa “Serena” March 20 2006 marked the official introduction of the 89,865,587 ordinary shares of one shilling each, of TPS Eastern Africa (formerly TPS Holdings Ltd.) - also the only publicly listed holding company in East Africa’s tourism industry. The introdu
Slide 11: Official Listing of TPS Eastern Africa Serena
Official Listing of TPS Eastern Africa “Serena” We are also aware that the future development of the business includes the integration of the other Serena Group properties in Uganda and Mozambique and the cross listing of the shares of TPS Eastern Africa on the Dar-es-Salaam Stock Exchange and the
Slide 12: KenGen Initial Public Offering (Ongoing)
KenGen Initial Public Offering (IPO) (Ongoing) Kenya’s largest IPO to date KenGen is Kenya’s leading electrical power generating company producing approximately 80% of the electricity consumed in the country. The Government of Kenya is selling a 30 per cent stake (659,508,437 shares) in the Keny
Slide 13: Corporate Actions BOC Kenya (Ongoing)
Corporate Actions BOC Kenya (Ongoing) On December 1, 2005, BOC Kenya made clear its intention to acquire effective control of Carbacid Investment Company. Both companies are listed on the Nairobi Stock Exchange. BOC Kenya made a conditional offer to all the shareholders of Carbacid Investments
Slide 14: Debt
DEBT Mr. Chris Mwebesa Chief Executive March 30 2006 NAIROBI STOCK EXCHANGE
Slide 15: Official Listing of the Medium Term Notes of Shelter Afrique
Official Listing of the Medium Term Notes of Shelter Afrique February 10 2006 marked the official listing of the first tranche of Shelter Afrique’s Kshs. 0.5 billion, 3- year, floating/fixed rate, medium term notes. The first tranche of Kshs. 0.2 billion – is the floating rate component with the
Slide 16: Official Listing of the Medium Term Notes of Shelter Afrique
Official Listing of the Medium Term Notes of Shelter Afrique This is the second time that Shelter Afrique, has come to the market. In 2000, Shelter Afrique came to the market to access funds by issuing a Kshs. 0.35 billion, 3-year medium term floating rate note. Shelter Afrique has a pipeline of
Slide 17: Asset Backed Securities Rules and Regulations
Asset Backed Securities Rules and Regulations The finalisation by the Capital Markets Authority of the rules and regulations on asset backed securities shall further expand the scope of the capital markets, to enable firms such as Shelter Afrique to issue securities backed by the mortgages of thei
Slide 18: New Issues: Equity Bank Kenya
New Issues Equity Bank Kenya Introduction of the entire issued shares of Equity Bank. In December 2004, Equity Building Society converted to a fully fledged commercial bank. Today, Equity is a public company that is 80.56% owned by over 2,416 indigenous shareholders, 8.20% by Britak Investment
Slide 19: New Issues: Scan Group
New Issues Scan Group Listing of Scan Group Limited in an IPO. The Group which has interests in a number of advertising companies including Lowe Scanad, Thompson Kenya, and McCann Kenya is the largest media and advertising company in East Africa. The listing will provide a previously unavailab
Slide 20: Outlook for Economy
Outlook for Economy Mr. Chris Mwebesa Chief Executive March 30 2006 NAIROBI STOCK EXCHANGE
Slide 21: Economic Assumptions: GDP Growth
Economic Assumptions Factors that will affect NSE’s performance Macro Assumptions GDP Growth • The Central Bank of Kenya has forecast that the economy will expand by 6 per cent in 2006. • Tourism, transport and communications and trade, continue to drive economic expansion. • Because of the drought,
Slide 22: Economic Assumptions: Inflation at the end of March 2006
Economic Assumptions Inflation at the end of March 2006 • The month-on-month underlying inflation rate which excludes food items from the consumer price index, declined to 5.3 per cent in March 2006 from 5.4 per cent in February 2006; • Overall month-on month inflation increased to 19.1 per cent in
Slide 23: 12-Month Inflation Trends
12-Month Inflation 10 15 20 0 5 Jan-05 Feb-05 Mar-05 Apr-05 May-05 Jun-05 Jul-05 Trends Month Aug-05 Unde rlying Sept-05 Oct-05 Nov-05 12 Month Inflationary O ve rall Dec-05 Jan-06 Feb-06
Slide 24: Economic Assumptions: Interest Rates
Economic Assumptions Interest Rates • For the March 30 2006 auction, the 91-day and 182 – day treasury bill rates fell by 12 basis points and 25 basis points to average 7.225 per cent and 7.876 per cent respectively. Short term interest rates will stabilise at around 7 – 9% for the following reasons
Slide 25: Economic Assumptions: Liquidity and Money Supply
Economic Assumptions • High liquidity in the economy – The oversubscription witnessed in the Government securities auction in the last 3 months points to continuing liquidity in the market; • Money supply, M3, grew by 11.2 per cent in the year to January 2006 compared with 12.8 per cent a year ago a
Slide 26: Interest Rate Trends 2004 – End Mar 2006
Interest Rate (per cent) 10 0 1 2 3 4 5 6 7 8 9 Feb-04 Apr-04 Jun-04 Aug-04 Oct-04 Dec-04 Feb-05 Month 91Day TBill Apr-05 Jun-05 Aug-05 Oct-05 Average Monthly 182 Day TBill Dec-05 Interest Rate Trends 2004 – End Mar 2006 Feb-06
Slide 27: End
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Nairobi Stock Exchange — Q1 2006 Earnings Presentation on 6ix