Financing Tools for Business & Investment Projects Today. Socrates Lazaridis ATHEX GROUP CEO
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1 Financing Tools for Business & Investment Projects Today Socrates Lazaridis ATHEX GROUP CEO
2 The Green Bible The Green Bible for the union of the European Capital Markets Compared to other parts of the world, European businesses remain heavily reliant on banks for funding and relatively less on capital markets. Strong capital markets would complement banks as a source of financing and would: unlock more investment for all companies, especially SMEs, and for infrastructure projects attract more investment into EU from the rest of the world Make the financial system more stable by opening up a wide range of funding sources Source: European Commission, February 2015 Page 2
3 Investment Plan for Europe Boost Competitiveness & Support Economic Recovery Source : EY Report November 14 th 2016 Page 3
4 Global Coverage through a Pan European Network ATHEX - NET London Hub Cash Market: 5 BoA Merrill Lynch UBS Deutsche Bank Citigroup Credit Suisse Derivatives Market: 1 Deutsche Bank Cash Market: 1 Derivatives Market: 1 Societe General Cash Market: 38 Derivatives Market: 29 ATHEX - SIBEX Regional Cooperation Common Trading Platform & Clearing Services Provision Clearing Members: 5 ATHEX - CSE Common Trading Platform Clearing & Registry Systems Provision Cash Market: 11 Derivatives Market: 4 Main Data Center Disaster Recovery Site, Collocation Services Secondary Data Center Page 4
5 ATHEX A Reliable Developed Market Capital markets Legal and Regulatory environment is fully harmonized within the European Union (MiFID, Transparency Directive, Prospectus Directives, Market Abuse Directive) ATHEX Members and Issuers have EU wide passports, therefore, EU wide cross-border access ATHEXClear is EMIR compliant for cash and derivatives clearing ATHEXCSD Settlement efficiency 3rd best performing market in the world (OMGEO Report) ATHEXCSD Transactions settlement through ECB - Target2 (using settlement Method 6) ATHEXCSD Risk Rating (by specialized auditor Thomas Murray) remains at A+ since 2008 ATHEX GROUP certified according to the international standard ISO22301:2012 of Business Continuity System by Lloyd s Register Assurance (LRQA) ATHEX GROUP named «2015 Outstanding Data Provider» (by Financial Information Services Association - FISD) ATHEX is approved by SEC as Designated Offshore Securities Market under 902(b) Reg S ATHEX is approved by the Mandatory Provident Fund Schemes Authority (MPFA) of Hong Kong Page 5
6 Increasing Market Liquidity the Key Issue for Business Development Historical Turnover Velocity in European Level Evolution of Cash Market Liquidity Source : FESE Members September 30 th 2016, ATHEX GROUP November 25 th 2016 Page 6
7 High Levels of Participation of International Investors Participation in Cash Market as % of Trading Activity Participation in Cash Market as % of Market Capitalization Source : ATHEX GROUP October 31 st 2016 Page 7
8 Capital Raised Ability Historical Proven Capital Raised Capital Raised Capital Flows from International Investors (Buys minus Sells) Source : ATHEX Group, October 31 st 2016, FESE Members September 30 th 2016, data in mil Page 8
9 ATHEX Initiatives for Integrated Financing Solutions Capital Raised mil House Market S.A. Corporate Bond Issue: 40mil, Oct16 MLS Multimedia S.A. Corporate Bond Issue: 4mil, Jul16 Intercontinental International S.A. Listing on Main Market: 14.5mil, Aug16 EBB Fund Raising Equities New Listings Products & Initiatives SME s Funding Corporate Actions Total Capital Raised: 127.5mil Corporate Bonds Listed Funds CEEB: Electronic Book Building Page 9
10 Entry Opportunity Historical Market Capitalization vs GDP in European Level Market Capitalization Breakdown Source : FESE Members September 30 th 2016, ATHEX GROUP November 25 th 2016 Page 10
11 Decrease of Volatility will Boost Prices Up Source : ATHEX GROUP November 25 th 2016 Page 11
12 Financing Tools for Business & Investment Projects Today Socrates Lazaridis ATHEX GROUP CEO
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