NZX Limited — Fund Information / Factsheet 2018

Dec 5, 2018

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NZX Limited - Monthly Shareholder Metrics

November 2018

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

Core Markets

NZX Listed Issuers	**Nov 2018 **	Change YoY
Total equity securities	138	-5.5%
Total fund securities	36	2.9%
Total debt securities	132	14.8%
Total other securities	4	0.0%
Total listed securities	310	3.3%
Total NZSX equity issuers	119	-3.3%
Total NZAX equity issuers	14	-17.6%
Total NXT equity issuers	2	-33.3%
Total NZSX fund issuers	36	2.9%
Total NZDX issuers	49	8.9%
Total other issuers	4	-20.0%
Total unique issuers	198	-2.0%
Market Capitalisation	Nov 2018 Change YoY	% of GDP

	Capital Raising	Nov 2018	YTD
	New Capital Listed
	IPOs and compliance equity listings	-	$20 m
	Fund listings	$1 m	$1 m
	Debt listings	$951 m	$4,301 m
	Secondary Capital Raisings
	Total capital raised by all issuers	$271 m	$4,270 m
	Total equity raised - NZ issuers	$20 m	$1,400 m
	Total equity raised - dual or foreign issuer	-	$668 m
	Total funds raised - NZ issuers *	$31 m	$777 m
	Total funds raised - dual or foreign issuer *	$19 m	$174 m
	Total debt raised	$201 m	$1,251 m
	Number of Capital Raising Events
	Total number of capital raising events	97	1,205
	Equity issuers - capital raised < $10m	19	327
	Equity issuers - capital raised ≥ $10m < $100m	-	19
	Equity issuers - capital raised ≥ $100m	-	3
	Fund issuers - capital raised *	74	829
	Debt issuers - capital raised	4	27

NZX Listed Issuers Nov 2018 Change YoY		Capital Raising Nov 2018 YTD	Capital Raising Nov 2018 YTD	Capital Raising Nov 2018 YTD	Capital Raising Nov 2018 YTD	Capital Raising Nov 2018 YTD	Capital Raising Nov 2018 YTD	Capital Raising Nov 2018 YTD	Capital Raising Nov 2018 YTD	Capital Raising Nov 2018 YTD	Capital Raising Nov 2018 YTD	Capital Raising Nov 2018 YTD	Capital Raising Nov 2018 YTD	Capital Raising Nov 2018 YTD	Capital Raising Nov 2018 YTD	Capital Raising Nov 2018 YTD
Total equity securities 138 -5.5% Total fund securities 36 2.9% Total debt securities 132 14.8% Total other securities 4 0.0% Total listed securities 310 3.3% Total NZSX equity issuers 119 -3.3% Total NZAX equity issuers 14 -17.6% Total NXT equity issuers 2 -33.3% Total NZSX fund issuers 36 2.9% Total NZDX issuers 49 8.9% Total other issuers 4 -20.0% Total unique issuers 198 -2.0%		New Capital Listed
		IPOs and compliance equity listings - $20 m Fund listings $1 m $1 m Debt listings $951 m $4,301 m
		Secondary Capital Raisings
		Total capital raised by all issuers $271 m $4,270 m Total equity raised - NZ issuers $20 m $1,400 m Total equity raised - dual or foreign issuer - $668 m Total funds raised - NZ issuers $31 m $777 m Total funds raised - dual or foreign issuer $19 m $174 m Total debt raised $201 m $1,251 m
Market Capitalisation Nov 2018 Change YoY % of GDP		Number of Capital Raising Events
All equity $130,215 m 2.2% 45.0% All funds $3,730 m 1.5% 1.3% All other $4 m -91.4% 0.0% Total equity $133,949 m 2.1% 46.3% Debt $29,834 m 9.3% 10.3% Green bonds $672 m - 0.2% Total NZDX $30,506 m 11.8% 10.5%		Total number of capital raising events 97 1,205 Equity issuers - capital raised < $10m 19 327 Equity issuers - capital raised ≥ $10m < $100m - 19 Equity issuers - capital raised ≥ $100m - 3 Fund issuers - capital raised * 74 829 Debt issuers - capital raised 4 27
		* Funds include Smartshares ETFs. These figures include fund raising events that were not previously reported.
Cash Market Nov 2018 Change YoY		Derivatives Nov 2018 Change YoY
Total value traded $3,164 m -43.3% Daily average value traded $144 m -43.3% On-market value traded * $1,684 m -39.2% % of value on-market 53.2% 7.2% Total trades 294,112 35.4% Daily average trades 13,369 35.4% Average on-market trade size $8,610 -46.9%		Futures - total lots traded 24,791 16.2% Options - total lots traded 6,700 127.1% Total derivatives lots traded 31,491 29.6% Open interest 62,756 27.6% Notional value traded ($USD) $107 m 6.2% Options to futures ratio 27.0% 95.5% Block trade % 7.5% -8.9%
Total Equity Transactions
Total trades 290,956 35.9% Value traded * $3,015 m -44.5% % of value on-market 51.2% 5.3%		Derivatives Total Lots Traded 2016 / 2017 / 2018
Total Debt Transactions
Total trades 3,156 3.7% Value traded $149 m 5.6% % of value on-market 94.2% 5.0%
Cumulative Numbers - YTD
Number of trades 3,010,991 60.2% Total value traded $35,725 m -12.9% % of value on-market 53.1% 29.0% * Trading activity in the prior period (November 2017) included the largest ever trading day ($1.5b total value traded) on the NZX, with Fisher & Paykel Healthcare replacing Contact Energy in the MSIC Index

NZX Indices Performance	**Nov 2018 **	Change YoY	Clearing House / Depository	**Nov 2018 **	Change YoY
S&P/NZX50 Index	8,824	7.8%	Gross value of cleared trades over month	$3,229 m	-42.9%
S&P/NZX 50 Portfolio Index	5,516	7.9%	Collateral held at month end	$35 m	-22.5%
S&P/NZX Primary Sector Index	15,439	5.6%	Depository transactions	2,167	-34.6%
			Assets under custody in depository	$706 m	52.4%
S&P/NZX NZ Fixed Interest Composite Index	115	3.8%	Value of stock lent over month	$375 m	-34.1%
S&P/NZX A-Grade Bond Index	5,336	3.8%
Wholesale Data	**Nov 2018 **	Change YoY	Direct Data Products	**Nov 2018 **	Change YoY
Terminal numbers - professional*	5,995	-1.3%	Dairy data subscriptions	961	24.0%
Terminal numbers - retail*	1,308	3.2%
Licences - value ≥ $20k pa	35	2.9%	Proprietary security subscription products	404	-0.2%
Licences - value < $20k pa	70	11.1%	- products ≥ $3,000 p.a	146	-8.2%
* 3 month average			- products < $3,000 p.a.	258	4.9%
Energy Contracts				**Nov 2018 **	Change YoY
Operating / Technology contracts				16	-5.9%
- contracts ≥ $500k p.a.				4	0.0%
- contracts < $500k p.a.				12	-7.7%
Fund Management
SuperLife				**Nov 2018 **	Change YoY
Funds under management - KiwiSaver				$810 m	10.1%
Funds under management - other				$1,325 m	7.8%
Total				$2,135 m	8.6%
Smartshares				**Nov 2018 **	Change YoY
Funds under management - external				$824 m	23.6%
Funds under management - SuperLife funds				$1,673 m	17.1%
Total				$2,497 m	19.1%
Units on issue				1,000 m	15.5%
Wealth Technologies
Funds under administration *				$2,011 m	71.2%

• Increase in funds under administration due to the on-boarding of NZX Wealth Technologies foundation client in November

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), NZX Alternative Market (NZAX) and NXT Market, with a dual-listed or an overseas domiciled Issuer, the market capitalisation represents the amount that held in New Zealand.

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

4. 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.

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