Singapore Exchange Limited FY2001 Annual Results 16 August 2001

Transcription

1 Singapore Exchange Limited FY2001 Annual Results 16 August

2 Creating Value For Tomorrow s Market Overview : SGX s Value Drivers FY2001 Financial Results Strategic Direction : SGX s Four Strategic Pillars Conclusion 2

3 Overview : SGX s Value Drivers Innovative industry leader with strong brand value Vertically & horizontally integrated marketplace Solid financial position / attractive dividend potential Creating efficient, world-class infrastructure Well established market alliances Excellent distribution network: presence of global players 3

4 Creating Value For Tomorrow s Market Overview : SGX s Value Drivers FY2001 Financial Results Strategic Direction : SGX s Four Strategic Pillars Conclusion 4

5 FY2001 Financial Results 12 Months ended 30 June 2001

6 Securities Market Annual Trading Volume Annual Trading Value Turnover Velocity (billion units) (S$ billions) (%) FY FY FY Main Board & SESDAQ CLOB, Xtranet & Foreign Board Main Board & SESDAQ 6

7 Derivatives Market Number of Contracts Traded Volume by Contracts (FY2001) (millions) Nikkei 16% MSCI Taiwan 13% Others 8% Euroyen 17% Eurodollar 46% FY 7

8 SGX - Consolidated Profit And Loss S$MM FY2001 FY2000 * Operating Revenue Operating Expenses Operating Profit Non-Operating Revenue Profit/(Loss) From Associate Net Profit Before Tax & Exceptional Items Exceptional Items Tax (136.0) (0.4) 89.0 (20.6) (19.4) (112.0) (37.1) Net Profit After Tax * Stated on a pro-forma basis 8

9 Performance By Market FY2001 FY2000 * 27% 6% 21% 3% 67% Total Operating Revenue = S$208.4MM 76% Total Operating Revenue = S$238.1MM Securities Market Derivatives Market Other Operations * Stated on a pro-forma basis 9

10 Performance By Market Operating Revenue S$MM FY2001 FY2000 * Securities Market Derivatives Market 55.4 Other Operations Total Operating Revenue * Stated on a pro-forma basis 10

11 Revenue Mix 8% 5% 3% FY2001 FY2000 * 4% 3% 1% 4% 5% 17% 15% 13% 52% 11% 59% Total Operating Revenue = S$208.4MM Total Operating Revenue = S$238.1MM Clearing Fees Rental of Computer Terminals Account Maintenance & Processing Fees Listing & Membership Fees Price Information Sale of Softwares & Other Computer Other Operating Revenue Services * Stated on a pro-forma basis 11

12 FY2001 Breakdown of Operating Revenue S$MM Securities Derivatives Others Total Clearing Fees Rental of Computer Terminals Account Maintenance & Processing Fees Listing & Membership Fees Price Information Sale of Softwares & Other Computer Services Other Operating Revenue Total

13 Operating Expenses FY2001 FY2000 * 15% 13% 17% 15% 15% 11% 46% 13% 10% 45% Total Operating Expenses = S$136.0MM Total Operating Expenses = S$112.0MM Staff Costs Depreciation Occupancy Costs Other Operating Expenses System Maintenance & Rental * Stated on a pro-forma basis 13

14 Operating Expenses S$MM FY2001 FY2000 * Staff Costs Occupancy Costs System Maintenance & Rental Depreciation Other Operating Expenses Total Operating Expenses * Stated on a pro-forma basis 14

15 SGX - Consolidated Balance Sheet S$MM 30 June June 2000 Current Assets - Others - Member Funds Non-Current Assets Current Liabilities - Others - Member Funds Non-Current Liabilities Net Assets 933 1, , , , ,046 2, , , , Shareholders Equity Fidelity Funds Total Equity & Fidelity Funds Net Tangible Assets Per Share (cents)

16 SGX Share Price Performance Nov Dec Dec Dec Jan Jan Jan Feb Feb Feb Mar Mar Mar Apr Apr Apr May May May Jun Jun Jun-01 S$/Share IPO Price on 23 Nov 2000 : S$1.10 Last Done Price on 29 Jun 2001 : S$1.16

17 SGX Share Price Performance Against STI RELATIVE PRICES/INDICES WITH 23/11/00 AS BASE /11/00 30/11/00 29/12/00 31/01/01 28/02/01 30/03/01 30/04/01 31/05/01 29/06/01 SGX * STI * SGX s IPO Price of S$1.10 was used as Base

18 Creating Value For Tomorrow s Market Overview : SGX s Value Drivers FY2001 Financial Results Strategic Direction : SGX s Four Strategic Pillars Conclusion 18

19 Strategic Direction SGX s Four Strategic Pillars : Create a more exciting product array supported by an efficient, world class infrastructure Extend global distribution of SGX products Establish SGX as an Asian access point for global markets Unlock existing asset value 19

20 Create a More Exciting Product Array supported by an Efficient, World Class Infrastructure Implement Stock Borrowing and Lending Develop Straight Through Processing capability for the institutional market Develop and implement a listing strategy with a regional outlook ITS Joint Venture 20

21 Create a More Exciting Product Array supported by an Efficient, World Class Infrastructure Launch new securities and derivatives products : ETFs Amex ETFs STI ETFs began trading on 4 May 2001 to be launched 2H Year Singapore Government Bond Futures launched on 29 June 2001 Single Stock Futures to be launched 2H

22 Extend Global Distribution of SGX Products SGX Access SGX-ASX Linkage Enhanced DT-ETS Access ETS products available on Bloomberg terminals Internet connectivity to ETS 22

23 Establish SGX as an Asian Access Point for Global Markets Successfully launched and trade foreign equity ETFs Create necessary infrastructure for B2B alliances Create further market linkages, both within Asia and outside Asia 23

24 Unlock Existing Asset Value Unlock hidden assets embedded in SGX Continue to seek acquisition opportunities around our core businesses Identify new revenue streams while managing costs and headcount 24

25 Creating Value For Tomorrow s Market Overview : SGX s Value Drivers FY2001 Financial Results Strategic Direction : SGX s Four Strategic Pillars Conclusion 25

26 FY2001 Dividend Cents per share Interim Final Total Gross Dividend Tax at 24.5% Net Dividend Books Closure Date Payment Date 23 Feb Oct Mar Oct

27 Conclusion Strong brand value Attractive high margin and well diversified business lines Creating efficient, world-class infrastructure Forging international strategic alliances and new distribution channels Strong dividend potential offers attractive yield Management committed to shareholder-value creation 27

28 Thank You 28