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August 2015 Investor Presentation – GRP Corporation

GRP Corporation · Aug 20, 2015 · 40 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. August 2015 Investor Presentation – GRP Corporation – slide 1
    Full-Year 2015 Results Presentation ASX Limited The Heart of Australias Financial Markets Elmer Funke Kupper, Managing Director and CEO Peter Hiom, Deputy CEO 20 August 2015
  2. August 2015 Investor Presentation – GRP Corporation – slide 2
    Financial Results FY15 Underlying Underlying Statutory Underlying Revenues EBITDA DPS Expenses NPAT NPAT EPS 700.7m 540.6m 187.4c 160.1m 403.2m 397.8m 208.4c 6.4% 7.1% 5.2% (4.2%) 5.2% 3.8% 5.0% Positive revenue performance…
  3. August 2015 Investor Presentation – GRP Corporation – slide 3
    Income Statement FY15 FY14 % Variance Million Million Operating Revenues 700.7 658.3 6.4% Operating Expenses 160.1 153.6 (4.2%) EBITDA 540.6 504.7 7.1% Depreciation and Amortisation 38.6 33.8 (14.3%) EBIT 502.0 470.9 6.6%…
  4. August 2015 Investor Presentation – GRP Corporation – slide 4
    Revenue Movement (M) Interest rate and electricity futures fee reductions 4.2 0.8 700.7 4.4 4.9 7.9 (1.5) 21.7 658.3 Up Up Down Up Up Up Up 13.9% 6.7% 0.7% 7.0% 8.3% 10.4% 4.8% Operating Revenues Up 6.4% FY14…
  5. August 2015 Investor Presentation – GRP Corporation – slide 5
    Activity Levels by Half-year Listings Total Capital Raised Billion ASX Cash Market Average Daily On-Market Value Traded Billion Up 5.1% Up 71.6% Up 34.6% Up 8.9% Up 22.8% Up 15.9% 88.9 4.1 3.8 66.0 3.5 3.4 3.3 3.2 50.3 36.7…
  6. August 2015 Investor Presentation – GRP Corporation – slide 6
    Key Themes Global Leader in A and NZ Innovate in fragmented equity market Financial Markets Build on leadership in A and NZ derivatives markets Grow listings franchise Investment Supermarket Extend suite of investment options…
  7. August 2015 Investor Presentation – GRP Corporation – slide 7
    Listings and Issuer Services Highlights Areas of Focus Revenue 176.6 million, up 13.9% Grow Listings Franchise All revenue categories higher New Zealand simplify dual listings process 120 IPOs; IPO capital 38.9 billion, up 40.7% Tech…
  8. August 2015 Investor Presentation – GRP Corporation – slide 8
    Cash Market Highlights Areas of Focus Revenue 125.2 million, up 6.7% Trading Trading 35.5 million, up 7.4%, clearing 47.1 million, up On-market trading market share 90% (91% pcp) 9.2%, settlement 42.6 million, up 3.6% Growth in ASX…
  9. August 2015 Investor Presentation – GRP Corporation – slide 9
    Derivatives and OTC Markets Highlights Areas of Focus Revenue 206.2 million, down 0.7% Product Development Futures 181.6 million, down 2.1% Energy gas futures April 2015 Contracts traded up 7.0% ETOs Flexclear OTC Clearing May 2015…
  10. August 2015 Investor Presentation – GRP Corporation – slide 10
    Impact of Fee Changes on Futures Revenue (M)1 14.6 (7.4) (17.8) 185.5 Fee reductions in electricity (1 July 6.7 181.6 2014) and interest rate futures (1 October 2014) FY15 part-year impact 17.8 million, partially offset by…
  11. August 2015 Investor Presentation – GRP Corporation – slide 11
    Information and Technical Services Highlights Areas of Focus Information Services 73.7 million, up 7.0% Information Services Pricing changes implemented 1 July 2014 Multi-year enterprise agreements established with key Technical…
  12. August 2015 Investor Presentation – GRP Corporation – slide 12
    Austraclear Highlights Areas of Focus Revenue 45.3 million, up 10.4% Renminbi Settlement Service Transaction volumes down 1.9% Launched July 2014 Average balances up 13.3% to 1.7 trillion Provides real-time RMB settlement facility…
  13. August 2015 Investor Presentation – GRP Corporation – slide 13
    Focus on Customers Customer Experience Engagement and Alignment Improving Capabilities Investments New ASX Customer Experience Team in place, member Acquired 49% stake in the Yieldbroker bond/swap of Group Executive Committee platform,…
  14. August 2015 Investor Presentation – GRP Corporation – slide 14
    Impact of Fee Reductions on FY16 Revenues Derivative fee reductions were implemented replacing other rebate schemes Variance FY15 FY16 FY15-FY16 Million Million Million Derivatives and OTC Markets FY16 full-year impact estimated at…
  15. August 2015 Investor Presentation – GRP Corporation – slide 15
    Interest and Dividend Income FY15 FY14 % Highlights Million Million Variance Total net interest income down 1.1% ASX Group Net ASX Group net interest income down 5.7% as 26.9 28.6 (5.7%) market rates fell Interest Income Net…
  16. August 2015 Investor Presentation – GRP Corporation – slide 16
    Expenses (M) Highlights 160.1 153.6 146.2 Staff costs up 4.4% 141.1 63.7 135.5 61.2 Higher salaries and incentives 59.0 58.5 56.7 Higher recruitment costs Average headcount down 1.9% to 524 FTEs 96.4 Other costs up 4.1%…
  17. August 2015 Investor Presentation – GRP Corporation – slide 17
    Capital Expenditure (M) 50.2 45-50 43.2 44.4 39.1 38.9 FY11 FY12 FY13 FY14 FY15 FY16 1 Normal (118.3m) ALC (Data & Customer Support Centre 42.5m) Post-Trade (55.0m) Highlights Average total capital expenditure since 2011:…
  18. August 2015 Investor Presentation – GRP Corporation – slide 18
    Infrastructure Investment Program Cash Futures Trading Market Trading platforms Trading Cash Equity Clearing/ Clearing & Phase I (Feb 15 Dec 16) Options settlement Settlement Clearing platforms (CHESS)1 Market Market integrity…
  19. August 2015 Investor Presentation – GRP Corporation – slide 19
    Regulatory Environment Developments - Last Three Years Outstanding Clearing Market Structure Investors Compelling case for single clearing facility Equity market regulations supporting end-investors Most efficient model for market the…
  20. August 2015 Investor Presentation – GRP Corporation – slide 20
    Capital Attribution (Net of Goodwill) Majority of capital supports clearing and settlement risks for equities and exchange-traded derivatives 30 Jun-15 Capital Supporting Drivers/Comments Million Clearing Default Risk Financial…
  21. August 2015 Investor Presentation – GRP Corporation – slide 21
    Post Balance Date Activity (to 14 August) Total Capital raised 9.2 billion July 2015 35.0% Cash market trading Cash market trading (Total Market - all (ASX on-market) venues) 3.8 billion 5.1 billion Average value per day…
  22. August 2015 Investor Presentation – GRP Corporation – slide 22
    Financial Results FY15 Underlying Underlying Statutory Underlying Revenues EBITDA DPS Expenses NPAT NPAT EPS 700.7m 540.6m 187.4c 160.1m 403.2m 397.8m 208.4c 6.4% 7.1% 5.2% (4.2%) 5.2% 3.8% 5.0% Positive revenue performance…
  23. August 2015 Investor Presentation – GRP Corporation – slide 23
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  24. August 2015 Investor Presentation – GRP Corporation – slide 24
    Appendices 1. Income Statement 2. Balance Sheet 3. Key Financial Ratios 4. Transaction and Activity Levels 5. Free Cash Flow Summary 6. Capital Supporting Clearing and Settlement 7. Cash Market Clearing and Settlement Income…
  25. August 2015 Investor Presentation – GRP Corporation – slide 25
    1. Income Statement FY11 FY12 FY13 FY14 FY15 Million Million Million Million Million Listings and Issuer Services 150.3 133.4 139.7 154.9 176.6 Listings 122.1 109.9 113.2 127.0 143.3 Annual Listing Fees 57.8 60.6 60.0 62.1 70.7…
  26. August 2015 Investor Presentation – GRP Corporation – slide 26
    1. Income Statement (Continued) FY11 FY12 FY13 FY14 FY15 Million Million Million Million Million Staff 78.8 82.6 87.2 92.4 96.4 Occupancy 13.6 15.5 13.7 14.3 13.7 Equipment 21.3 21.6 22.4 23.0 24.0 Administration 13.9 13.5 15.6 16.3…
  27. August 2015 Investor Presentation – GRP Corporation – slide 27
    2. Balance Sheet 30 Jun 11 30 Jun 12 30 Jun 13 30 Jun 14 30 Jun 15 Million Million Million Million Million Assets Cash and Available-For-Sale Financial Assets 3,318.6 3,696.2 4,496.2 5,015.6 4,879.0 Goodwill 2,262.8 2,262.8 2,317.6…
  28. August 2015 Investor Presentation – GRP Corporation – slide 28
    3. Key Financial Ratios FY11 FY12 FY13 FY14 FY15 Basic EPS (including significant items) 198.4c 190.6c 195.5c 198.5c 205.7c Diluted EPS (including significant items) 198.4c 190.6c 195.5c 198.5c 205.7c Underlying EPS (excluding…
  29. August 2015 Investor Presentation – GRP Corporation – slide 29
    4.1 Listings and Issuer Services FY11 FY12 FY13 FY14 FY15 Total domestic market capitalisation (bn) period end 1,349 1,186 1,347 1,552 1,612 Total number of listed entities (includes all stapled entities) - period end 2,247 2,211…
  30. August 2015 Investor Presentation – GRP Corporation – slide 30
    4.2 Cash Market FY11 FY12 FY13 FY14 FY15 Trading days 253 253 252 253 254 Total cash market trades ('000) 144,321 165,806 174,750 181,861 190,647 Average daily cash market trades 570,440 655,359 693,454 718,817 750,578 Open…
  31. August 2015 Investor Presentation – GRP Corporation – slide 31
    4.3 Equity Options FY11 FY12 FY13 FY14 FY15 Trading days (exchange traded options) 253 253 252 253 254 Equity options (000) 153,553 151,619 145,531 116,343 109,546 Index options and futures (000) 7,016 12,125 11,762 8,249…
  32. August 2015 Investor Presentation – GRP Corporation – slide 32
    4.4 Futures FY11 FY12 FY13 FY14 FY15 Trading days (futures and options) 256 256 255 256 256 Total contracts - futures ('000) ASX SPI 200 10,506 11,811 10,259 9,715 10,301 90 day bank bills 20,729 21,652 25,866 25,903 28,706…
  33. August 2015 Investor Presentation – GRP Corporation – slide 33
    4.4 Futures (Continued) FY11 FY12 FY13 FY14 FY15 Total contracts - options on futures ('000) ASX SPI 200 379 477 349 473 454 90 day bank bills 52 25 7 4 - 3 year bonds 562 347 526 416 245 Overnight 3 year bonds 2,039 1,029…
  34. August 2015 Investor Presentation – GRP Corporation – slide 34
    4.5 Information and Technical Services FY11 FY12 FY13 FY14 FY15 Technical Services (number at period end) Liquidity access ASX sessions 1,737 1,737 1,526 1,431 1,185 ASX gateways 321 302 248 233 207 ASX liquidity cross…
  35. August 2015 Investor Presentation – GRP Corporation – slide 35
    4.6 Austraclear FY11 FY12 FY13 FY14 FY15 Settlement days 253 253 252 253 254 Transactions ('000) Cash transfers 613 616 587 600 602 Fixed interest securities 638 733 763 800 774 Discount securities 237 217 183 162 157 Foreign…
  36. August 2015 Investor Presentation – GRP Corporation – slide 36
    4.7 CCP Participant Collateral Balances FY11 FY12 FY13 FY14 FY15 Million Million Million Million Million Balances at period end ASX Clear initial margins 290.6 254.5 561.4 549.8 673.7 ASX Clear (Futures) initial margins House 495.3…
  37. August 2015 Investor Presentation – GRP Corporation – slide 37
    5. Free Cash Flow Summary FY11 FY12 FY13 FY14 FY15 Million Million Million Million Million ASX Group cash Total cash and short-term investments 3,318.6 3,696.1 4,496.2 5,015.6 4,879.0 Less participants margins and cash commitments…
  38. August 2015 Investor Presentation – GRP Corporation – slide 38
    6. Capital Supporting Clearing and Settlement FY11 FY12 FY13 FY14 FY15 Million Million Million Million Million ASX Group shareholders equity 3,021.1 2,995.0 3,321.8 3,670.9 3,759.7 Capital supporting clearing and settlement entities…
  39. August 2015 Investor Presentation – GRP Corporation – slide 39
    7. Cash Market Clearing and Settlement Income Statements Cash Market Cash Market Cash Market Cash Market Clearing Clearing Settlement Settlement FY15 FY14 FY15 FY14 Million Million Million Million Operating Revenues 47.5 43.5 45.1…
  40. August 2015 Investor Presentation – GRP Corporation – slide 40
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