Philippine Stock Exchange, Inc. · PSE:PSE
Philippine Stock Exchange — The Philippine Stock Exchange — FY2015 Earnings Presentation
34 slides from Philippine Stock Exchange's earnings presentation, Feb 29, 2016
Slide 1: SEC Form 17-C Current Report
SECURITIES AND EXCHANGE COMMISSION SEC FORM 17-C CURRENT REPORT UNDER SECTION 17 OF THE SECURITIES REGULATION CODE AND SRC RULE 17.2(c) THEREUNDER Date of Report (Date of earliest event reported): 29 February 2016 2. SEC Identification Number: ANO92-002557 3. BIR Tax Identification No.: 002-333-130
Slide 2: Item 9. Other Events
Item 9. Other Events Please see attached presentation materials for the analysts’ briefing today, 29 February 2016 at 3:00 p.m: at the PSE Ayala Boardroom, 3/F PSE Plaza, Ayala Triangle, Ayala Avenue, Makati City. SIGNATURES Pursuant to the requirements of the Securities Regulation Code, the Issuer
Slide 3: Full Year 2015 Analysts' Briefing
Full Year 2015 Analysts’ Briefing February 29, 2016 HANS B. SICAT President & CEO
Slide 4: Presentation Outline
Presentation Outline Stock Market Highlights 2015 Milestones PSE Strategy and Initiatives The Philippine Stock Exchange, Inc.
Slide 5: 2015 Recap
2015 Recap Volatilities hounded the market.. GREECE Fears of a Grexit Third bailout deal with EU September 2015 snap elections THE UNITED STATES Uncertainty in timing of a rate hike Increase in volatility of US markets US Fed raised interest rates in Dec CHINA Economy growing at its slowest pace Chi
Slide 6: Stock Market Performance
Stock Market Performance 8,500 8,000 7,500 6,771.30 7,000 all time high points 6,500 8,127.48 points 6,000 on 10 April 2015 down by 2.6% 5,500 as of 26 February 2016 9,000 8,000 63% 38% 4% 33% 1% 23% 7,000 6,000 5,000 4,000 3,000 2,000 1,000 3.9% 0 2008 2009 2010 2011 2012 2013 2014 2015 2009 2010 2
Slide 7: PSEi vs. Asian Indices
PSEi vs. Asian Indices PSEi Performance vs Select Asian PSEi Performance vs Select Asian Indices, Indices, 2010 to 2015 as of February 26, 2016 86.1% Nikkei 4.3% SET 78.9% SzSE 3.1% JCI 72.2% Topix 0.9% Taiex 65.5% PSEi -1.7% KLCI 29.5% Nifty -2.1% KOSPI 27.3% Sensex -2.2% VNI 26.0% ShSE -2.6% PSEi
Slide 8: Stock Market Indicators
Stock Market Indicators 2014 2015 (in Php Bn) (in Php Bn) Total MCAP 14,251.72 13,465.15 5.5% Domestic MCAP 11,712.79 11,187.81 4.5% Total Value 1.0% 2,130.12 2,151.41 Turnover Average Daily 1.8% 8.80 8.96 Value Turnover Net Foreign 207.8% 55.45 -59.76 Transactions The Philippine Stock Exchange, Inc
Slide 9: Stock Market Indicators
Stock Market Indicators As of 26 Feb 2015 down by down by php 31.1% down by 2.8% 43.3% -5.29 YTD bn YTD YOY AVERAGE DAILY NET FOREIGN VALUE SELLING P6.17 billion five-year CAGR of 12.6% TOTAL MARKET TOTAL CAPITALIZATION VALUE TURNOVER P13.09 trillion P234.57 billion five-year CAGR of 8.7% five-year
Slide 10: Capital Raising Activities
Capital Raising Activities Total Capital Raised in PhP Bn 250.00 219.07 200.00 175.07 184.60 153.08 150.00 107.50 100.00 84.94 50.00 31.55 38.77 20.6% - 2008 2009 2010 2011 2012 2013 2014 2015 IPO (Primary Offerings) FOO (Primary Offerings) Private Placement Stock Rights Offering Number of Listing T
Slide 11: 2015 Milestones: PSETrade XTS
2015 Milestones PSETrade XTS Enhanced disaster recovery feature Additional order types More products Increased risk management parameters Expanded capacity The Philippine Stock Exchange, Inc.
Slide 12: 2015 Milestones: PPP Forum
2015 Milestones PPP Forum A series of conferences/forums were held in collaboration with the PPP Center and the Asian Development Bank PSE to submit proposed listing rules for infrastructure project companies to the SEC this year The Philippine Stock Exchange, Inc.
Slide 13: 2015 Milestones: Stock Market Webinars
2015 Milestones Stock Market Webinars EIGHT WEBINARS AVE. OF 380 PARTICIPANTS COVERING A WIDE RANGE OF TOPICS: PER WEBINAR basic stock market concepts investment procedures understanding stock market quotations online trading technical and fundamental analysis exchange traded funds The Philippine St
Slide 14: PDS Acquisition
PDS Acquisition Shareholder-approved offer to purchase PDS shares PSE will be the parent company of PDS Holdings Awaiting regulatory approval Targeting over 2/3 equity in PDS Current Shareholders of PDS: Golden Astra Capital The Philippine Stock Exchange, Inc.
Slide 15: Looking Ahead in 2016
Looking Ahead in 2016 A bright outlook anchored on sound and intact economic fundamentals 5.8% 6.0% GDP Growth in 2015 Projected Growth in 2016 47th Real economy is generally stable WEF Competitiveness Ranking in 2015 Financial markets more volatile than the real market 1.3% Ave. Inflation as of 1M1
Slide 16: PSE Strategy
PSE Strategy New and Enhanced Products and Services WORLD-CLASS PSE Expanding Technology and People the Investor Base Capacity-Building The Philippine Stock Exchange, Inc.
Slide 17: Dollar Denominated Securities (DDS)
Dollar Denominated Securities (DDS) Securities denominated in US dollars which are listed and quoted on the Exchange Board approved for public comment Objectives To provide issuers the flexibility to meet their capitalization Traded and settled in US dollars requirements Alternative investment i
Slide 18: Upcoming Initiatives
Upcoming Initiatives Expanding the Investor Base New PSE Website New and Enhanced Social Media Campaign Products & Services IPO Kiosk for Local Small Enhancements to Short Investors (LSI) Program Selling New PSE Listing Guidebook PSE Rules for Structured Warrants New Market Data Produc
Slide 19: Future Headquarters
Future Headquarters Soon: PSE at Bonifacio Global City Unified trading floor Move to BGC in 2017 The Philippine Stock Exchange, Inc. 17
Slide 20: Thank you!
Thank you! Please follow us on: IR Contact Person: @PhStockExchange John Benette B. Mamañgun The Philippine Stock 2/F PSE Plaza, Ayala Triangle, Exchange, Inc. Ayala Avenue, Makati City Download: 1226 Philippines jbmamangun@pse.com.ph PSE EDGE Mobile App Tel No.: (632) 688-7524 Visit: PSE Academy ww
Slide 21: Financial Report
FINANCIAL REPORT Full Year 2015 Analysts’ Briefing 29 February 2016 Omelita J. Tiangco 1 Treasurer
Slide 22: Consolidated Financial Performance
Consolidated Financial Performance 2015 2014 Change Net Income After Tax (in million Php) 682.81 867.55 21% Operating Revenues (in million Php) 1,214 1,520 20% Total Expenses (in million Php) 601.91 592.16 2% Other Income (in million Php) 235.69 194.22 21% The Philippine Stock Exchange, Inc.
Slide 23: Operating Revenues
Operating Revenues 2015 2014 Change % Change Listing-related income 483,431 816,365 (332,934) -41% SCCP revenues 384,181 380,379 3,802 1% Trading-related income 309,870 299,255 10,615 4% Other income 36,725 23,850 12,875 54% 1,214,207 1,519,849 (305,642) -20% Other income, 3% Trading- Listing-relate
Slide 24: Operating Revenues: Listing-related income
Operating Revenues 2015 2014 Change % Listing-related income 483,431 816,365 (332,934) -41% Listing fees 244,889 590,266 (345,377) -59% Listing maintenance fees 236,992 223,919 13,073 6% Processing fees 1,550 2,180 (630) -29% 2015 2014 Nature Fees Nature Fees Private placements (18) - SMC, ALI, PAL,
Slide 25: Operating Revenues: Trading-related income
Operating Revenues 2015 2014 Change % Trading-related income 309,870 299,256 10,614 4% Transaction fees 215,132 213,003 2,129 1% Market data revenue 71,354 61,210 10,144 17% Subscription fees 23,384 25,043 (1,659) -7% Total Turnover Value (In Billion PhP) ₱350 M 2,151 Block 2,160 sales, 204 ₱ 1,801
Slide 26: Operating Revenues: Trading Data 2015
Operating Revenues TRADING DATA (2015) VALUE TURNOVER Average Daily Turnover Value (in Billion Php) (in Billion Php) MONTH For the Month For the Month YTD January 221.52 12.31 12.31 February 206.55 10.87 11.57 March 213.51 9.70 10.87 April 215.07 11.32 10.98 May 186.21 9.31 10.64 June 152.29 7.25 10
Slide 27: Operating Revenues: SCCP service fees
Operating Revenues 2015 2014 Change % SCCP service fees 384,181 380,379 3,802 1% CMIC CMIC, 0% 1% SCCP, 32% SCCP 41% PSE PSE, 68% 58% Consolidated Operating Revenues Consolidated Net Income The Philippine Stock Exchange, Inc.
Slide 28: Other Income
Other Income 2015 2014 Change % Income from donation 115,417 115,417 Gain on sale of CWDC shares 41,635 41,635 Interest & other investment income 40,524 150,716 (110,571) -73% Equity in net income of PDSH 38,118 43,503 (5,385) -12% 235,694 194,219 41,475 21% Equity Funds Net realized income of ₱ 33.
Slide 29: Total Expenses
Total Expenses 2015 2014 Change % Change Compensation & other related staff costs 219,434 214,789 4,645 2% Depreciation 123,038 145,171 (22,133) -15% Maintenance and insurance 73,982 44,824 29,158 65% Professional fees 65,484 59,769 5,715 10% Occupancy costs 48,283 51,750 (3,467) -7% Taxes and licen
Slide 30: Total Assets
Total Assets 2015 2014 Change % Change Cash & cash equivalents 559,143 1,045,476 (486,333) -47% Other current assets 167,694 136,110 31,584 23% Investments 1,394,469 1,448,866 (54,397) 14% -4% Property & equipment 415,068 464,586 (49,518) -11% Other non-current assets 584,914 42,044 542,870 1291% To
Slide 31: Investments
Investments Investment in PDSH Amount 25% (in Million P) Fixed income securities 635 Fixed income securities Equity fund 408 46% Investment in PDSH 351 Total 1,394 Equity fund 29% The Philippine Stock Exchange, Inc.
Slide 32: Fundamentals
Fundamentals 2015 2014 Current Ratio 3.87:1 5.17: 1 Book Value per Share ₱38.27 ₱38.11 Earnings per Share (EPS) ₱9.31 ₱11.83 Market Value per Share ₱275 ₱288 Price-Earnings Ratio (PER) 29.54 24.34 Price to Book 7.18 7.56 The Philippine Stock Exchange, Inc.
Slide 33: Cash Dividend
Cash Dividend Regular ₱4.29/share Special ₱2.71/share Total ₱7.00/share Amount ₱ 514 M Payout Ratio 82% The Philippine Stock Exchange, Inc.
Slide 34: Thank You
Thank You Please follow us on: Download: PSE EDGE @PhStockExchange Mobile App The Philippine Stock Exchange, Inc. © The Philippine Stock Exchange, Inc. (PSE). All rights reserved. This document is a property of the PSE and cannot be used or reproduced, distributed or forwarded by any person or compa
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