Slide 1: Annual General Meeting 2011
For personal use only Presentation 2011 Title Annual General Meeting ASX Limited 22 September 2011 Sydney, Australia
Slide 2: Address by the Chairman
Introduction For personal use only Address by the Chairman Mr David Gonski AC
Slide 3: Address by the Managing Director and CEO
Managing Director and CEO For personal use only Address by the Managing Director and CEO Mr Robert Elstone
Slide 4: Operating Revenue
Operating Revenue For personal use only OPERATING REVENUE • $450.4 million in FY06 to $617.6 700 million in FY11 600 • Absolute growth 500 37% $ Millions 400 • Average annual 300 growth 7% 200 • Revenue per FTE 100 employee 0 increased from FY06 FY07 FY08 FY09 FY10 FY11 $0.686 million in FY06 to $1.
Slide 5: Cash Operating Expenses
Cash Operating Expenses For personal use only CASH OPERATING EXPENSES • $168.8 million in FY06 to $135.6 175 million in FY11 170 165 160 • Absolute reduction 155 20% 150 $ Millions 145 140 • Average annual 135 reduction 4% 130 125 120 • CPI increase over 115 the five-year 110 period of 13.7% FY06 FY
Slide 6: Underlying Net Profit After Tax
Underlying Net Profit After Tax For personal use only UNDERLYING NET PROFIT AFTER TAX • $215 million in FY06 to $356.6 400 million in FY11 350 • FY11 cash 300 earnings (EBITDA) 250 the strongest in $ Millions 200 ASX's history, surpassing the 150 FY08 peak prior to 100 the GFC 50 • Underlying profit
Slide 7: Dividend Per Share
Dividend Per Share For personal use only DIVIDEND PER SHARE • $198 million in FY06 to $321 250.0 million in FY11 200.0 58.5 • 70% uplift in dividends Cents per share 150.0 93.9 93.0 74.5 84.0 91.5 100.0 • Maintained 90% 63.9 dividend payout 50.0 98.5 90.4 89.1 90.2 ratio of underlying 56.2 72.3 NPAT
Slide 8: Earnings Per Share
Earnings Per Share For personal use only EARNINGS PER SHARE • FY11 EPS of 204 cents per share, 225.0 53% higher than 200.0 FY06 175.0 150.0 • Absolute growth Cents per share 125.0 53% 100.0 • Average annual 75.0 growth 9% 50.0 25.0 0.0 FY06 FY07 FY08 FY09 FY10 FY11
Slide 9: Capital Expenditure
Capital Expenditure For personal use only CAPITAL EXPENDITURE • Total capital expenditure of 60.0 $157 million since FY06 50.0 40.0 • Annual capex increased from $ Millions 30.0 $13.9 million in FY06 to $50.2 20.0 million in FY11 10.0 • Suite of new 0.0 products delivered FY06 FY07 FY08 FY09 FY10 FY
Slide 10: Listings
Listings For personal use only LISTINGS • Number of listed companies 100 GFC impact 2,300 increased from 90 2,250 2,200 1,930 to 2,247, a 80 16% increase over Number of listed entities 2,150 70 60 2,100 the past five years $ Billions 2,050 50 2,000 40 • Facilitated $74 1,950 30 1,900 billion of init
Slide 11: ASX Trade - Spreads
ASX Trade - Spreads For personal use only • Average equity ASX Trade AVERAGE ANNUAL BID-OFFER SPREADS - EQUITIES bid-offer spreads have decreased 0.66% 35%, from 0.62% 0.63% GFC impact to 0.40% since 0.60% 0.57% FY06 (based on 0.54% weighted average 0.51% of all companies 0.48% 0.45% listed on ASX)
Slide 12: ASX Trade - Daily Average Trades
ASX Trade - Daily Average Trades For personal use only ASX Trade • Cash market daily DAILY AVERAGE CASH MARKET TRADES average trades have grown from 600 125,000 to 550 500 570,000 over the 450 five-year period 400 (and in FY12 are Trades '000 350 more than 300 250 715,000) 200 150 • Absolute growth
Slide 13: ASX Trade – Fee Per Trade
ASX Trade – Fee Per Trade For personal use only ASX Trade • Cash market AVERAGE FEE PER TRADE - CASH MARKETS average fee per $3.50 trade decreased $3.30 from $3.25 to $3.10 $2.90 $0.93, a 71% $2.70 $2.50 decrease $2.30 $2.10 $1.90 $1.70 $1.50 $1.30 $1.10 $0.90 $0.70 $0.50 FY06 FY07 FY08 FY09 FY10 FY
Slide 14: ASX Trade - Capacity
ASX Trade - Capacity For personal use only ASX Trade • Cash market daily CAPACITY average trade 5.5 capacity has 5.0 increased 900%, 4.5 from 0.5 million to 4.0 5 million Trades - Millions 3.5 3.0 • Current daily 2.5 2.0 average trades in 1.5 FY12 are more 1.0 than 715,000 0.5 0.0 FY06 FY07 FY08 FY0
Slide 15: ASX Trade - Latency
ASX Trade - Latency For personal use only ASX Trade • ASX Trade order 10.0 LATENCY execution latency 9.5 9.0 has improved from 8.5 SEATS 8.0 70,000 microseconds 70,000 7.5 7.0 microseconds to 6.5 300 microseconds Microseconds '000 6.0 5.5 5.0 4.5 ITS 4.0 3.5 3.0 2.5 2.0 ASX Trade 1.5 1.0 0.5 0.0 FY0
Slide 16: ASX Trade – Fee Per Value Traded
ASX Trade – Fee Per Value Traded For personal use only ASX Trade • Cash market AVERAGE FEE PER VALUE TRADED - CASH MARKETS average fee per value traded has 1.30 1.25 decreased from 1.20 1.04 basis points 1.15 to 1.00 bps 1.10 Basis Points 1.05 • Headline trade 1.00 execution fee 0.95 0.90 reduced fr
Slide 17: ASX Trade – Average Daily Contracts
ASX Trade – Average Daily Contracts For personal use only ASX Trade24 • Futures and FUTURES & OPTIONS AVERAGE DAILY CONTRACTS options average 420 daily contracts 400 traded have 380 increased from Number of contracts '000 360 around 283,000 in 340 FY06 to 383,000 320 GFC in FY11(and in 300 280 FY12
Slide 18: ASX Trade24 - Latency/Capacity
ASX Trade24 - Latency/Capacity For personal use only ASX Trade24 • ASX Trade24 LATENCY / CAPACITY latency has 90 250 improved from 85 80 225 85,000 75 70 200 microseconds to 65 2,000 Microseconds '000 175 60 microseconds Trades '000 55 150 50 45 125 40 100 35 30 • Daily average 75 25 20 capacity has
Slide 19: Address by the Managing Director and CEO
Managing Director and CEO For personal use only Address by the Managing Director and CEO Mr Robert Elstone
Slide 20: Agenda Item: ASX Financial Report
Agenda Item 1 For personal use only ASX Financial Report
Slide 21: Agenda Item: SEGC Financial Report
Agenda Item 2 For personal use only Securities Exchanges Guarantee Corporation (SEGC) Financial Report
Slide 22: Agenda Item: Re-Election of Director
Agenda Item 3 For personal use only Re-Election of Director Mr Russell Aboud
Slide 23: Re-Election of Russell Aboud
Re-Election of Russell Aboud For personal use only This Resolution will be decided on a poll For Against Open Direct Votes 3.27% 0.65% - 2,903,679 578,858 Proxy Votes 93.93% 0.42% 1.73% 83,503,266 377,676 1,540,461 Total 97.20% 1.07% 1.73% 86,406,945 956,534 1,540,461
Slide 24: Agenda Item: Remuneration Report
Agenda Item 4 For personal use only Remuneration Report
Slide 25: Remuneration Report
Remuneration Report For personal use only This Resolution will be decided on a poll For Against Open Direct Votes 2.18% 1.42% - 1,898,840 1,240,026 Proxy Votes 95.01% 1.00% 0.39% 82,857,499 873,926 340,850 Total 97.19% 2.42% 0.39% 84,756,339 2,113,952 340,850
Slide 26: Collection of Poll Cards
Collection of Poll Cards For personal use only Please complete and submit your poll card
Slide 27: Annual General Meeting 2011
For personal use only Presentation 2011 Title Annual General Meeting ASX Limited 22 September 2011 Sydney, Australia