NZX Limited — Annual Report 2020

Feb 1, 2021

NZX Limited - Full Year Shareholder Metrics

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FY 2020

These shareholder metrics represent the key operations of NZX's business.

Markets

NZX Listed Issuers 31.12.2020 Change YoY	Capital Raising FY 2020 Change YoY	Capital Raising FY 2020 Change YoY	Capital Raising FY 2020 Change YoY	Capital Raising FY 2020 Change YoY	Capital Raising FY 2020 Change YoY	Capital Raising FY 2020 Change YoY	Capital Raising FY 2020 Change YoY	Capital Raising FY 2020 Change YoY	Capital Raising FY 2020 Change YoY	Capital Raising FY 2020 Change YoY	Capital Raising FY 2020 Change YoY	Capital Raising FY 2020 Change YoY	Capital Raising FY 2020 Change YoY
Total equity securities 131 0.0%	Total capital raisings $17,630 m -5.5%
Total fund securities 49 8.9%
Total debt securities 142 2.9%	New Capital Listed
Total wholesale debt securities 8 60.0% Total other securities 4 0.0% Total listed securities 334 3.4% Total NZX Main Board equity issuers 129 0.0% Total NZX Main Board fund issuers 49 8.9% Total NZX Debt Market retail debt issuers 51 0.0% Total NZX Debt Market wholesale debt issuers 2 0.0% Total other issuers 4 33.3% Total unique issuers 206 3.0%	Total capital listed by all issuers $5,981 m -16.5%
	Equity listings $487 m -22.8% Fund listings $44 m 13.9% Retail debt Listings $4,150 m -17.3% Wholesale debt listings $1,300 m -11.6%
	Secondary Capital Raisings
	Total capital raised by all issuers $11,649 m 1.2% Total equity raised - NZ issuers $4,417 m 76.4% Total equity raised - dual or foreign issuer $1,825 m -66.2%
Market Capitalisation 31.12.2020 Change YoY % of GDP	Total funds raised - NZ issuers $1,187 m 59.6%
Total market capitalisation $232,716 m 15.2% 76.6% All equity $185,461 m 14.8% 61.1% All funds $6,237 m 25.6% 2.1% All other $34 m 569.5% 0.0% Total NZX Main Board $191,732 m 15.2% 63.1% Retail debt $34,221 m 6.4% 11.3% Green bonds $2,400 m 166.7% 0.8% Wholesale debt $4,363 m 76.7% 1.4% Total NZX Debt Market $40,984 m 15.3% 13.5%	Total funds raised - dual or foreign issuer $518 m -0.5% Total retail debt raised $3,145 m 150.8% Total wholesale debt raised $557 m -48.7% Total number of secondary capital raising events 3,243 48.6% Equity issuers - capital raised < $10m 407 7.7% Equity issuers - capital raised ≥ $10m < $100m 46 27.8% Equity issuers - capital raised ≥ $100m 14 0.0% Fund issuers - capital raised 2,731 58.2% Retail debt issuers - capital raised 44 63.0% Wholesale debt issuers - capital raised 1 -66.7%
Cash Market FY 2020 Change YoY	Derivatives FY 2020 Change YoY
Total value traded $53,673 m 41.8%	Futures - total lots traded 281,800 -4.3%
Daily average value traded $213 m 41.3% On-market value traded $33,274 m 62.0% % of value on-market 62.0% 14.3% Total trades 12,113,347 149.1% Daily average trades 48,069 148.1%	Options - total lots traded 79,087 22.5%
	Total derivatives lots traded 360,887 0.5%
	Open interest at period end 58,287 34.0% Notional value traded ($USD) $1,474 m -1.9%
	Options to futures ratio 28.1% 28.0%
	Block trade % 0.0% -100.0%
Total Equity Transactions
Total trades 12,076,040 149.9%	Derivatives Total Lots Traded 2018 / 2019 / 2020
Value traded $52,052 m 42.5% % of value on-market 63.0% 13.9% Average on-market trade size $2,793 -37.4%
Total Debt Transactions
Total trades 37,307 21.6% Value traded $1,620 m 22.8%

NZX Indices Performance	**31.12.2020 **	Change YoY	Clearing House / Depository	FY 2020 Change YoY	FY 2020 Change YoY
S&P/NZX 50 Index (Gross)	13,092	13.9%	Gross value of cleared trades	$53,768 m	41.5%
S&P/NZX 50 Index (Capital)	5,487	11.4%	Collateral held at period end	$66 m	45.6%
S&P/NZX 50 Portfolio Index	8,151	14.7%	Depository transactions	88,920	104.6%
S&P/NZX Primary Sector Index	15,466	-7.8%	Assets under custody in depository at period end	$4,790 m	37.9%
S&P/NZX NZ Fixed Interest Composite Index	128	5.1%	Value of stock lent*	$526 m	-88.9%
S&P/NZX A-Grade Bond Index	5,971	5.4%	* Due to changes in custodian, NZX Clearing ceased offering stock lending to
			Participants in March 2020. Smartshares is completing its own bilateral lending
			programme.
Wholesale Data	**31.12.2020 **	Change YoY	Dairy Data Subscriptions	31.12.2020 Change YoY
Proprietary security subscription products	310	0.0%	Dairy data subscriptions*	474	-6.0%
- products ≥ $3,000 p.a	110	0.9%	- products ≥ $1,500 p.a. *	103	-12.0%
- products < $3,000 p.a.	200	-0.5%	- products < $1,500 p.a. *	371	-4.1%
* Proprietary security subscription products have been restated (including			* Dairy Data Subscriptions have been restated (including	comparatives) to consolidate
comparatives) to exclude subscriptions relating to the FundSource business which			multi-user licences to reflect the parent subscription only.
was sold during June 2019 and to consolidate multi-user licences to reflect the parent
subscription only.
Wholesale Data	**31.12.2020 **	Change YoY	Energy Contracts	31.12.2020 Change YoY
Terminal numbers - professional	6,214	3.7%	Operating / Technology contracts	17	0.0%
Terminal numbers - retail	2,506	72.4%	- contracts ≥ $500k p.a.	4	0.0%
Licences - value ≥ $20k pa	47	9.3%	- contracts < $500k p.a.	13	0.0%
Licences - value < $20k pa	83	3.8%

Smartshares

	**31.12.2020 **	Change YoY
Total external funds under management	$5,078 m	28.0%
Scheme FUM	**31.12.2020 **	Change YoY
SuperLife Kiwisaver	$1,191 m	16.5%
SuperLife Workplace Savings	$1,351 m	5.0%
Smartshares Exchange Traded Funds - External	$1,897 m	42.3%
Smartshares Exchange Traded Funds - Total (external and internal)	$4,401 m	27.0%
* Metrics reported by NZX for Smartshares and Superlife have changed as Smartshares has started to support institutional investors with both
managed funds and separately managed portfolios.
Other Metrics	**31.12.2020 **	Change YoY
Units on issue	1,518 m	21.5%
Value of stock lent*	$3,233 m	-
* Due to changes in custodian, Smartshares ceased offering securities through the NZX Clearing centralised clearing book in March 2020 and is
now lending exclusively through its own stock lending programme.
Wealth Technologies
	**31.12.2020 **	Change YoY
Funds under administration	$7,197 m	213.4%

Notes

1. All figures are measured at the end of the last trading day of each month unless otherwise stated. Change refers to the change since the same period last year unless otherwise stated.

2. Equity market capitalisation includes all securities quoted on the NZX Main Board (NZSX). With an overseas domiciled Issuer, the market capitalisation represents the amount that is held in New Zealand.

3. Market capitalisation for the NZX Debt Market is the total nominal (face) value of all listed securities, excluding New Zealand Government stock.

4. Funds include exchange traded funds, managed funds, listed investment companies and trusts.

5. "Other" securities include options, warrants and options quoted on the NZX Main Board (NZSX).

6. Please note these operational statistics are based on NZX’s internal records, which are unaudited. Differences may arise between this data and that disclosed in subsequent audited financial statements. Differences may also arise between this data and the previously reported data due to rounding and classification restatements.

To enquire about information listed on this sheet, or to find out more about NZX products or services, please email: data@nzx.com