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

  1. 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

  2. Slide 2: Table of Contents

    TABLE OF CONTENTS  Market Performance Overview – Quarter 1 2006 – Business Development – Corporate Actions  Market Outlook

  3. 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,

  4. 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

  5. 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

  6. 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

  7. Slide 7: Business Development

    BUSINESS DEVELOPMENT Mr. Chris Mwebesa Chief Executive March 30 2006 NAIROBI STOCK EXCHANGE

  8. 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

  9. Slide 9: Corporate Actions in Q1 2006

    CORPORATE ACTIONS IN Q1 2006 Mr. Chris Mwebesa Chief Executive March 30 2006 NAIROBI STOCK EXCHANGE

  10. 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

  11. 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

  12. 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

  13. 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

  14. Slide 14: Debt

    DEBT Mr. Chris Mwebesa Chief Executive March 30 2006 NAIROBI STOCK EXCHANGE

  15. 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

  16. 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

  17. 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

  18. 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

  19. 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

  20. Slide 20: Outlook for Economy

    Outlook for Economy Mr. Chris Mwebesa Chief Executive March 30 2006 NAIROBI STOCK EXCHANGE

  21. 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,

  22. 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

  23. 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

  24. 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

  25. 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

  26. 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

  27. Slide 27: End

    E LTD. ANG 3 @ & = Zz NAIROBI STOCK EXCHANGE

Nairobi Stock Exchange — Q1 2006 Earnings Presentation on 6ix