ASX LIMITED — AGM Information 2011

Sep 21, 2011

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Presentation Title 2011 Annual General Meeting

ASX Limited Sydney, Australia

22 September 2011

Introduction

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Address by the Chairman Mr David Gonski AC

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Managing Director and CEO

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Address by the Managing Director and CEO Mr Robert Elstone

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Operating Revenue

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•
OPERATING REVENUE $450.4 million in
FY06 to $617.6
700 million in FY11
600
•
Absolute growth
500 37%
400
•
Average annual
300
growth 7%
200
•
Revenue per FTE
100
employee
0 increased from
FY06 FY07 FY08 FY09 FY10 FY11
$0.686 million in
FY06 to $1.223
million in FY11
$ Millions
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Cash Operating Expenses

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•
CASH OPERATING EXPENSES $168.8 million in
FY06 to $135.6
175 million in FY11
170
165
•
160 Absolute reduction
155 20%
150
145
•
140 Average annual
135 reduction 4%
130
125
•
CPI increase over
120
115 the five-year
110
period of 13.7%
FY06 FY07 FY08 FY09 FY10 FY11
$ Millions
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Underlying Net Profit After Tax

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•
UNDERLYING NET PROFIT AFTER TAX $215 million in
FY06 to $356.6
400 million in FY11
350
•
FY11 cash
300 earnings (EBITDA)
250
the strongest in
200 ASX's history,
surpassing the
150
FY08 peak prior to
100 the GFC
50
•
Underlying profit
0 FY06 FY07 FY08 FY09 FY10 FY11 per FTE employee
increased from
$ Millions
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• Underlying profit per FTE employee increased from $0.33 million in FY06 to $0.71 million in FY11

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Dividend Per Share

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•
DIVIDEND PER SHARE $198 million in
FY06 to $321
250.0 million in FY11
200.0
58.5 •
70% uplift in
dividends
150.0
93.9 93.0
74.5 84.0
91.5
•
Maintained 90%
100.0
63.9 dividend payout
50.0 98.5 ratio of underlying
90.4 89.1 90.2
72.3
56.2
NPAT (fully
0.0 franked)
FY06 FY07 FY08 FY09 FY10 FY11
Capital Return Final Dividend Interim Dividend
Cents per share
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Earnings Per Share

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EARNINGS PER SHARE
225.0
200.0
175.0
150.0
125.0
100.0
75.0
50.0
25.0
0.0
FY06 FY07 FY08 FY09 FY10 FY11
Cents per share
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• FY11 EPS of 204 cents per share, 53% higher than FY06 • Absolute growth 53% • Average annual growth 9%

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Capital Expenditure

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•
CAPITAL EXPENDITURE Total capital
expenditure of
60.0 $157 million since
FY06
50.0
•
40.0 Annual capex
increased from
30.0
$13.9 million in
FY06 to $50.2
20.0
million in FY11
10.0
•
Suite of new
0.0
products delivered
FY06 FY07 FY08 FY09 FY10 FY11
•
Core technology
platforms
upgraded
$ Millions
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Listings

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•
Number of listed
LISTINGS
companies
100 GFC impact 2,300 increased from
90 2,250
1,930 to 2,247, a
80 2,200
16% increase over
2,150
70
2,100 the past five years
60
2,050
50
2,000 •
40 Facilitated $74
1,950
30 billion of initial
1,900
20
1,850 capital raising
10 1,800 since FY06
0 1,750
FY06 FY07 FY08 FY09 FY10 FY11
•
Facilitated $296
Initial capital raised (LHS) Secondary capital raised (LHS)
Total number of listed entities (RHS) billion of
secondary capital
raisings since
FY06
$ Billions
Number of listed entities
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ASX Trade - Spreads

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ASX Trade
AVERAGE ANNUAL BID-OFFER SPREADS - EQUITIES
0.66%
0.63%
0.60% GFC impact
0.57%
0.54%
0.51%
0.48%
0.45%
0.42%
0.39%
0.36%
0.33%
0.30%
FY06 FY07 FY08 FY09 FY10 FY11
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• Average equity bid-offer spreads have decreased 35%, from 0.62% to 0.40% since FY06 (based on weighted average of all companies listed on ASX)

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ASX Trade - Daily Average Trades

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•
ASX Trade Cash market daily
DAILY AVERAGE CASH MARKET TRADES average trades
have grown from
600 125,000 to
550
570,000 over the
500
450 five-year period
400
(and in FY12 are
350 more than
300
715,000)
250
200
150 •
Absolute growth
100 356%
50
0
FY06 FY07 FY08 FY09 FY10 FY11 •
Average annual
growth 35%
Trades '000
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• Cash market daily average trades have grown from 125,000 to 570,000 over the five-year period (and in FY12 are more than 715,000)

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ASX Trade – Fee Per Trade

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ASX Trade
AVERAGE FEE PER TRADE - CASH MARKETS
$3.50
$3.30
$3.10
$2.90
$2.70
$2.50
$2.30
$2.10
$1.90
$1.70
$1.50
$1.30
$1.10
$0.90
$0.70
$0.50
FY06 FY07 FY08 FY09 FY10 FY11
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• Cash market average fee per trade decreased from $3.25 to $0.93, a 71% decrease

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ASX Trade - Capacity

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ASX Trade •
CAPACITY
5.5
5.0
4.5
4.0
3.5
3.0
•
2.5
2.0
1.5
1.0
0.5
0.0
FY06 FY07 FY08 FY09 FY10 FY11
Trades - Millions
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Cash market daily average trade capacity has increased 900%, from 0.5 million to 5 million

• Current daily average trades in FY12 are more than 715,000

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ASX Trade - Latency

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•
ASX Trade order
ASX Trade
10.0 LATENCY execution latency
9.5
9.0 has improved from
SEATS
8.5
8.0 70,000 microseconds 70,000
7.5 microseconds to
7.0
6.5 300 microseconds
6.0
5.5
5.0
4.5 ITS
4.0
3.5
3.0
2.5
2.0 ASX Trade
1.5
1.0
0.5
0.0
FY06 FY07 FY08 FY09 FY10 FY11
Microseconds '000
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ASX Trade – Fee Per Value Traded

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•
Cash market
ASX Trade
AVERAGE FEE PER VALUE TRADED - CASH MARKETS average fee per
value traded has
1.30
decreased from
1.25
1.20 1.04 basis points
1.15
to 1.00 bps
1.10
1.05 •
Headline trade
1.00
execution fee
0.95
reduced from 0.28
0.90
0.85 to 0.15 bps in
0.80 FY11
0.75
FY06 FY07 FY08 FY09 FY10 FY11
Basis Points
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ASX Trade – Average Daily Contracts

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ASX Trade24
FUTURES & OPTIONS AVERAGE DAILY CONTRACTS
420
400
380
360
340
320
300 GFC
280
260
240
220
200
FY06 FY07 FY08 FY09 FY10 FY11
Number of contracts '000
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• Futures and options average daily contracts traded have increased from around 283,000 in FY06 to 383,000 in FY11(and in FY12 are more than 470,000)

• Absolute growth 35%

• Average annual growth 6%

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ASX Trade24 - Latency/Capacity

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•
ASX Trade24
ASX Trade24
LATENCY / CAPACITY latency has
90 250 improved from
8580 225 85,000
75 200 microseconds to
70
65
175 2,000
60
55 150 microseconds
50
45 125
40
35 100 • Daily average
30
75
25 capacity has
20
50
15 increased from
10 25
5 70,000 to 230,000
0 0
FY06 FY07 FY08 FY09 FY10 FY11 trades
Latency (LHS) Daily capacity (RHS)
Trades '000
Microseconds '000
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Managing Director and CEO

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Address by the Managing Director and CEO Mr Robert Elstone

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Agenda Item 1

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ASX Financial Report

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Agenda Item 2

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Securities Exchanges Guarantee Corporation (SEGC) Financial Report

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Agenda Item 3

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Re-Election of Director Mr Russell Aboud

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Re-Election of Russell Aboud

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This Resolution will be decided on a poll

	For	Against	Open
Direct Votes	3.27% 2,903,679	0.65% 578,858	-
Proxy Votes	93.93% 83,503,266	0.42% 377,676	1.73% 1,540,461
Total	97.20% 86,406,945	1.07% 956,534	1.73% 1,540,461

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Agenda Item 4

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Remuneration Report

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Remuneration Report

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This Resolution will be decided on a poll

	For	Against	Open
Direct Votes	2.18% 1,898,840	1.42% 1,240,026	-
Proxy Votes	95.01% 82,857,499	1.00% 873,926	0.39% 340,850
Total	97.19% 84,756,339	2.42% 2,113,952	0.39% 340,850

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Collection of Poll Cards

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Please complete and submit your poll card

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Presentation Title 2011 Annual General Meeting

ASX Limited Sydney, Australia

22 September 2011