AUSTRIAN CAPITAL MARKET DAY Toronto November 23, 2017 Reinhard Krakauer
Austrian Capital Market Day 2017 The Austrian Capital Market Day will focus on recent trends in the European market and the impact on Austria and the CEE region. The event will look at the significant changes in global and European markets this year and give an outlook for the near future. Also under consideration will be the emergence of Vienna as the Central European financial center, with presentations by securities market professionals. 2
Agenda I 08:30 am 09:00 am - 09:10 am 09:10 am - 09:20 am 09:20 am - 09:30 am Registration Breakfast will be served Welcome Words by the Organizer Reinhard Krakauer Krakauer Management GmbH, Vienna Austria: Economics Strenght & Focus on Sustainability Christian Lassnig, Austrian Trade Commissioner in Canada Advantage Austrian Laurent Angliviel de la Beaumelle, Head of Sales Mirabaud Securities Limited, Geneva Company presentations: 3
Agenda II 09:30 am - 09:55 am 09:55am - 10:20 am 10:20 am 10:45 am Austrian Post AG Harald Hagenauer Head of Investor Relations Palfinger AG Hannes Roither Head of Corporate Communications & Investor Relations Uniqa Insurance Group AG Michael Oplustil, Head of Investor Relations Tiana Majstorovic, Investor Relations 10:50 am 11:00 am Discussion Q & A Session One on ones, please register for the meetings 08:30 am 11:00 am 11:30 am 12:00 pm 02:00 pm 4
Vienna Stock Exchange at a Glance Regulated Markets and Third Market as MTF September 2017 Source: Wiener Börse AG 5
Vienna Stock Exchange News since last ACMD 2 IPOs: April 20, Cleen Energy AG, market cap EUR 15 Mio. October 25, BAWAG Group AG in ATX, market cap EUR 4.7 bn, issuing volume EUR 1.9 bn. BAWAG Group AG is one of Austria s leading financial institutions Biggest IPO in the history of the Vienna Stock Exchange RHI leaves ATX after merger; RHI Magnesita (global leader in refractory products) now in global segment, London Stock Exchange September: Austria sold EUR 3.5 bn of 100-year bond (yield 2.112 %) 6
1 year ATX DAX Eurostoxx Nasdaq Source: http://http://www.finanzen.at/nachrichten/aktien/ 7
10 years ATX Source: https://www.wienerborse.at/indizes/aktuelle-indexwerte/chart 8
Long-term performance of the ATX Source: Wiener Börse 9
Financial and basic industries dominate the leading ATX index Sector comparison in % 12% 3% 2% 47% Financials Basic Industries Industrial Goods & Services Utilities Technology & Telecom 35% September 2017 Source: Wiener Börse AG 10
Market capitalization at record level since 2011 80 87.93 95.2 120.58 in EUR bn 2014 2015 2016 Sep.17 including domestic shares, dividend rights certificates and participation certificates Regulated Markets and Third Market as MTF Source: FESE 11
39 % rise in average monthly turnover 4.87 4.66 5.55 in EUR bn 3.98 2014 2015 2016 2017* * January - September including domestic and foreign shares. Dividend rights certificates and participation certificates Regulated Markets and Third Market as MTF Source: Wiener Börse AG 12
Institutional investors are largest investor group and account for 2/3 of free float in % 11.4% 20% Austrian private investors institutional investors non-financial institutions EUR 38.5bn free float (market cap. EUR 88.2bn), of which: EUR 7.7bn (20%) Austrian private investors EUR 26.4bn (68.6%) institutional investors EUR 4.4bn (11.4%) non-financial institutions 68.6% Base: ATX prime, December 2016 Source: Ipreo 13
USA and UK dominate international investor interest Institutional investors in the ATX prime by country, in 2016 Switzerland 2.3% Canada 2.4% Netherlands 2.6% Germany 6% France 6.6% Poland 2% Others* 10.2% USA 27.7% Norway 7.3% Austria 19.6% UK 13.3% *Among others, Belgium, Sweden, HK/China, Japan, VAE December 2016 Source: Ipreo 14
Majority of institutions are long-term investors 2.8% 6.2% Turnover velocity of institutional investors 56.5% 34.5% very high high moderate low ATX prime, December 2016 Source: Ipreo 15
Majority of institutional investors are growth or value investors 16.2% 2.1% 6.4% 3.5% 36.0% Motivation of institutional investors 35.8% Value+deep Value Growth Index GARP Yield Other ATX prime, December 2016 Source: Ipreo 16
ATX prime companies with attractive dividend yields 5.3%Ð 4.8%Ð 4.0%Ð 3.9%Ð 3.4%Ð 3.3%Ð 3.2%Ð 3.2%Ð 3.0%Ð 6.5%Ð June 2017 Source: Raiffeisen Centrobank estimates, consensus 17
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