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Chairman’s Address Rick Holliday-Smith Chairman
Pleasing overall performance in FY16 up 6.5% $45.6m up 7.1% $28.4m up 5.7% $746.3 m up 6.5% Operating revenue $426.2 m Statutory profit after tax 198.1c $170.6 m Operating Dividends expenses per share Revenues and expenses as per the Group segment reporting 3
Chairman’s Address Rick Holliday-Smith Chairman
CEO’s Address Dominic Stevens Managing Director and CEO
High availability of systems over past 10 years 100.00% 99.99% 99.98% 99.97% 99.96% up 6.5 99.95% 99.94% 3 year moving average of system uptime for ITS/ASX Trade, CHESS, 99.93% ASX 24, Futures Clearing, Austraclear 99.92% 99.91% 2009 FY09 2010 FY10 2011 FY11 2012 FY12 2013 FY13 2014 FY14 2015 FY15 2016 FY16 6
Strong financial performance in FY16 Income statement FY16 $ million Variance to FY15 Operating Revenue 746.3 $45.6m 6.5% Operating Expenses (170.6) $10.5m 6.5% EBITDA 575.7 $35.1m 6.5% Statutory profit after tax 426.2 $28.4m 7.1% Dividends (cents per share) 198.1 cents 10.7c 5.7% EBITDA margin 77.1% Revenues and expenses as per the Group segment reporting 7
All major business lines contributing to growth ($million) 1.4 746.3 11.9 10.2 12.9 9.2 700.7 Up Up Up Up Up 5.0% 7.7% 11.1% 4.7% 89.5% Operating Revenue Up 6.5% FY15 Listings and Trading Equity Post-Trade Derivatives and OTC Other FY16 Issuer Services Services Services Markets Revenue $192.7 $182.8 $102.0 $265.8 $3.0 $192.7 $182.8 $102.0 $265.8 $3.0 Operating revenue as per the Group segment reporting 8
Growing superannuation balances create increased demand for assets Treasury 2016 forecast 2030 * c. $4.2t $2.1t Super balances CHESS and Austraclear balances $3.6t versus Super System FUM base lined CHESS/Austraclear from 2007 – Treasury forecast growth balances post 2016 @6.35% Treasury forecast 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 *Projected superannuation asset balance based on Treasury forecast of $7.75t by 2040 9
Listings franchise is expanding New Zealand Technology Sector A$ b Number Number A$ b 90 50 50 180 45 80 45 160 Total Listings (RHS) 40 40 70 140 35 35 60 120 30 30 50 100 25 25 40 80 Total 20 20 30 60 Market 15 15 20 Cap 40 10 10 (LHS) 10 5 20 5 - 0 - 0 FY14 FY15 FY16 FY14 FY15 FY16 10
Centre Point providing greater order choice for end-users 90 80 Single Fill 70 Dark Limit 60 Preference 50 $ Billion Sweep 40 30 Block 20 10 Standard 0 FY12 FY13 FY14 FY15 FY16 11
Technical services business at the heart of Australia’s financial markets 12
OTC derivatives clearing volumes are growing OTC Notional Cleared Value 1,283 FY15 FY16 $806 bn $2,742 bn 642 498 360 344 319 78 24 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 13
Distributed ledger technology – ‘ blockchain ’ 14
Strategy delivering results Global leader in A$ and NZ$ markets Outstanding customer World-class infrastructure Investment experience supermarket Upgrade technology Deepen customer engagement Expand listings franchise Lead post-trade innovation across all services Enhance listing standards Build global connectivity Deliver 24 hour service to local and Extend suite of Integrating complementary services global clients investment options Innovate in fragmented equity market 15
Formal Business
Agenda Item 1 ASX Financial Report
Agenda Item 2 Securities Exchanges Guarantee Corporation Financial Report
Agenda Item 3 Election of Directors
Agenda Item 3(a) - Proxy and Direct Votes (Combined) Re-election of Dr Ken Henry AC For Against Open 101,812,581 1,532,746 1,583,906 97.03% 1.46% 1.51% 20
Agenda Item 3(b) Election of Ms Melinda Conrad - Proxy and Direct Votes (Combined) For Against Open 102,924,297 409,314 1,582,527 98.10% 0.39% 1.51% 21
Agenda Item 4 Remuneration Report
Item 4 – Remuneration Report Proxy and Direct Votes (Combined) For Against Open 99,263,082 4,031,384 1,567,298 94.66% 3.84% 1.50% 23
Agenda Item 5 Grant of Performance Rights
Item 5 – Grant of Performance Rights Proxy and Direct Votes (Combined) For Against Open 101,087,124 2,216,618 1,580,381 96.38% 2.11% 1.51% 25
Questions
AGM Closed Thank you Please complete your voting card and deposit it at the exit
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