Gielda Papierow Wartosciowych W Warszawie S.a. · GPW:GPW
Gielda Papierow Wartosciowych W Warszawie — Giełda Papierów Wartościowych w Warszawie S.A. (Warsaw Stock Exchange) — FY2010 Earnings Presentation
17 slides from Gielda Papierow Wartosciowych W Warszawie's earnings presentation, March 2011
Slide 1: Warsaw Stock Exchange in 2010
LOGO Warsaw Stock Exchange in 2010 Presentation of WSE Group full-year results
Slide 2: Warsaw Stock Exchange, a WSE-listed company
Warsaw Stock Exchange, a WSE-listed company 2010: Important year for the Polish capital market Spectacular IPO of the WSE attracted 323 thousands of individual investors and mass interest from international investment community Financial highlights 2009 2010 change Partner of choice in Central and E
Slide 3: WSE’s position in the CEE
WSE’s position in the CEE Domestic market capitalization (EUR bn)1 Equity turnover (EUR bn)2 142 52.3 2009 2010 31.12.2009 31.12. 2010 36.8 94 19.9 15.3 32 20.6 9.8 7 5.5 3.4 0.5 0.4 0.3 0.02 WSE Vienna Prague Budapest Bucharest Ljubljana Sofia Bratislava WSE Vienna Budapest Prague Bucharest Ljublja
Slide 4: WSE’s Main Market
WSE’s Main Market Value of equity trading 33.2% growth of total turnover value in Block trades Obroty pakietowe Obroty Sessionsesyjne trades the Main Market in 2010 2010: 27.4 PLN bn Increase of foreign investor activity 2009: 9.2 PLN bn Open pension funds share in equity 2010: 206.9 PLN bn turnover
Slide 5: WSE’s Main Market, continued
WSE’s Main Market, continued Domestic companies market capitalization 34 IPOs on the Main Market in 2010, including 4 foreign companies Debiutanci Companies2010 listed Companies 2009 Debiutanci listed Domestic Spółki krajowe in 2010 in 2009 companies Very active SPO market 2010: Ongoing privatizatio
Slide 6: WSE members
WSE members Main Market: number of exchange members Remote UBS, Nomura, Morgan Stanley, Local Renaissance and IP Intercapital joined 18 21 WSE as remote members in 2010 18 17 Remote members’ share in turnover1 10 7 amounted to 15.4% compared to 8.4% in 2009 31 28 28 26 24 25 26 22 market participant
Slide 7: WSE: the source of financing for companies
WSE: the source of financing for companies Value of 2010 main market IPOs in Number of 2010 main market IPOs in Value of IPOs as a percentage of market Europe1 (EUR bn) Europe2 capitalization (domestic companies)3 9.0 WSE 2.7% 53 Oslo 1.1% Luxembo… 1.1% LSE 0.6% Total 0.3% 26 N.OMX 3.8 0.3% D.Boerse
Slide 8: WSE’s derivatives market
WSE’s derivatives market Derivatives turnover volume Opcje WIG20naoptions WIG20 Inne kontrakty Other futures Kontrakty na WIG20 WIG20 futures 6%: growth of futures and options volume in 2010, to a new all-time high 0.7 0.4 m m 91.8%: share of WIG20 futures 14% 0.5 10% m in total derivatives turnover
Slide 9: WSE Group’s prospective markets
WSE Group’s prospective markets NewConnect Catalyst Treasury BondSpot Poland Capitalization and turnover value Value of session turnover Value of turnover in cash and Repo/BSB (PLN m) (PLN m) markets (PLN bn) 2009 2010 Cash Repo/BSB 750 188.1 5 138 135.4 2 554 1 847 170 53.9 47.1 581 Market Capitali
Slide 10: Financial Performance
Financial Performance 10
Slide 11: Consolidated profit and loss account
Consolidated profit and loss account Growth in EBITDA1 and operating profit PLN m 2009 2010 change Revenues 199.5 225.6 13.1% Operating expenses 118.6 132.3 11.6% Other income 2.5 1.1 -54.3% Other expenses 3.9 2.7 -31.4% Increase in 2010 operating profit Operating profit 79.5 91.7 15.4% driven by fa
Slide 12: Consolidated revenues
Consolidated revenues Growth in business in 2010 achieved with a relatively stable revenue structure PLN m 2009 2010 change In 2010 share of revenues from listing increased as a percentage of total revenues to 9% from 7.5% at Lisitng, including: 14.9 20.2 35.6% the end of 2009 Decrease of informatio
Slide 13: Operating expenses overview
Operating expenses overview 2009 2010 change Operating expenses structure PLN m Total operating costs of which: 104.1 115.7 11.1% Salaries 32.7 35.2 7.6% 27,6% 26,6% Salaries Other employee costs 8.2 8.7 6.1% Other employee costs 6,9% 6,6% External services 32.6 42.1 29.1% External services Rent and
Slide 14: Profitability measures
Profitability measures Clear growth trend in EBITDA1 margin and return on equity EBITDA1 (PLN bn) EBITDA1 Zysk Netnetto profit (PLN bn) EBITDA marża margin EBITDA RoE2 RoE1 122.6 100.7 105.1 94.8 89.7 91.8 54.3% 18.1% 52.7% 49.7% 13.9% 10.2% 2008 2009 2010 2008 2009 2010 Resilient and highly-profita
Slide 15: Stand-alone profit and loss account
Stand-alone profit and loss account Significant increase in stand-alone net profit due to dividend from KDPW PLN m 2009 2010 change financial income (PLN m) dividend from KDPW Revenue 192.5 216.5 12.5% Operating expenses 110.2 124.5 13.0% Other income 1.7 2.5 47.1% Other expenses 3.5 2.5 -26.5% Oper
Slide 16: Balance Sheet Overview
Balance Sheet Overview Transparent balance sheet structure supports WSE’s business PLN m 2009 2010 Non-current assets 390 338 Property and equipment 124 120 High levels of liquidity, Intangible assets 36 60 PLN 108m in cash and Investments in associates 179 139 cash equivalents Available-for-sale fi
Slide 17: Investor Relations
Investor Relations ir@gpw.pl ul. Ksiazeca 4 00-498 Warsaw Poland Disclaimer This presentation has been prepared by Giełda Papierów Wartościowych w Warszawie S.A. (the “Company” or “WSE”) solely for use by its shareholders, clients or analysts and should not be treated as a part of any invitation or