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NZX Limited — Interim / Quarterly Report 2021
Oct 28, 2021
66248_rns_2021-10-29_3c471e3f-062a-4dae-8e1e-282021ce9587.pdf
Interim / Quarterly Report
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NZX Limited - Quarterly Operating Revenue Q3 2021
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| Q3 | Operating Revenue | Operating Revenue | YTD | Operating Revenue | Operating Revenue | |
|---|---|---|---|---|---|---|
| Q3 2021 NZ $000 |
Q3 2020 NZ $000 |
Change YOY | YTD 2021 NZ $000 |
YTD 2020 NZ $000 |
Change YOY | |
| Annual listing fees ¹ | 2,544 | 2,394 | 6.3% | 7,525 | 7,282 | 3.3% |
| Primary listing fees | 481 | 262 | 83.6% | 1,036 | 470 | 120.4% |
| Secondary issuance fees | 1,004 | 852 | 17.8% | 2,263 | 3,047 | -25.7% |
| Total Issuer Relationships revenue | 4,029 | 3,508 | 14.9% | 10,824 | 10,799 | 0.2% |
| Participant services ¹ | 121 | 173 | -30.1% | 478 | 540 | -11.5% |
| Securities trading | 1,372 | 1,288 | 6.5% | 4,012 | 4,150 | -3.3% |
| Securities clearing | 2,122 | 2,119 | 0.1% | 6,312 | 6,585 | -4.1% |
| Dairy derivatives | 345 | 269 | 28.3% | 867 | 1,042 | -16.8% |
| Consulting & development ² | 398 | 413 | -3.6% | 2,254 | 752 | 199.7% |
| Contractual revenue ³ | 2,441 | 2,111 | 15.6% | 7,215 | 6,638 | 8.7% |
| Total Secondary Markets revenue | 6,799 | 6,373 | 6.7% | 21,138 | 19,707 | 7.3% |
| Royalties from terminal | 1,853 | 1,719 | 7.8% | 5,493 | 5,079 | 8.2% |
| Subscriptions and licenses | 1,154 | 1,090 | 5.9% | 3,441 | 3,183 | 8.1% |
| Indices | 229 | 238 | -3.8% | 733 | 728 | 0.7% |
| Dairy data subscriptions | 152 | 151 | 0.7% | 480 | 466 | 3.0% |
| Audit and back-dated licenses | 303 | 3 | 10000.0% | 909 | 779 | 16.7% |
| Connectivity | 653 | 588 | 11.1% | 1,914 | 1,761 | 8.7% |
| Total Data & Insights revenue | 4,344 | 3,789 | 14.6% | 12,970 | 11,996 | 8.1% |
| FUM based revenue⁴ | 4,276 | 2,719 | 57.3% | 11,881 | 8,327 | 42.7% |
| Member based revenue | 490 | 497 | -1.4% | 1,588 | 1,412 | 12.5% |
| Other revenue | 167 | 123 | 35.8% | 405 | 360 | 12.5% |
| Funds Management revenue | 4,933 | 3,339 | 47.7% | 13,874 | 10,099 | 37.4% |
| Wealth Technologies revenue | 1,047 | 544 | 92.5% | 3,121 | 1,393 | 124.0% |
| Regulation revenue | 980 | 860 | 14.0% | 2,645 | 2,601 | 1.7% |
| Corporate revenue | 4 | 11 | -63.6% | 15 | 200 | -92.5% |
| Total Revenue | 22,136 | 18,424 | 20.1% | 64,587 | 56,795 | 13.7% |
Please note revenue numbers are based on NZX's internal records, which are unaudited.
The comparative information has been reclassified to ensure consistency with the 2020 year end presentation. ¹ net of internal revenue allocation
² Consulting and development revenue includes revenue from the development of the carbon managed auction service for the Ministry for the Environment
³ Contractual revenue includes revenue from the ongoing operation of the carbon managed auction service provided for the Ministry for the Environment
⁴ 2020 FUM based revenue was negatively impacted by a historic pricing provision.
| NZX Limited - Quarterly Shareholder Metrics | NZX Limited - Quarterly Shareholder Metrics | NZX Limited - Quarterly Shareholder Metrics | ||||
|---|---|---|---|---|---|---|
| Q3 2021 | ||||||
| 30/09/202 | Q3 2021 | |||||
| These shareholder metrics represent the key operations of | NZX's business. | |||||
| Core Markets | ||||||
| NZX Listed Issuers | **30.09.21 ** | Change YoY | Capital Raising | **Q3 2021 ** | Change YoY | |
| Total equity securities | 132 | 3.1% | Total capital raisings | $3,430 m | -22.80% | |
| Total fund securities | 48 | -2.0% | ||||
| Total retail debt securities | 141 | 2.9% | New Capital Listed | |||
| Total wholesale debt securities | 8 | - | Total capital listed by all issuers | $1,175 m | -45.90% | |
| Total other securities | 4 | - | ||||
| Total listed securities | 333 | 2.1% | Equity listings | - | -100.0% | |
| Fund listings | - | -100.0% | ||||
| Retail debt listings | $1,175 m | -25.4% | ||||
| Total NZX Main Board equity issuers | 131 | 4.0% | Wholesale debt listings | - | -100.0% | |
| Total NZX Main Board fund issuers | 48 | -2.0% | ||||
| Total NZX Debt Market retail debt issuers | 49 | 2.1% | Secondary Capital Raisings | |||
| Total NZX Debt Market wholesale debt issuers | 2 | - | Total capital raised by all issuers | $2,255 m | -0.5% | |
| Total other issuers | 4 | - | ||||
| Total unique issuers | 205 | 2.5% | Total equity raised - NZ issuers | $667 | 89.5% | |
| Total equity raised - dual or foreign issuer $46 |
-89.4% | |||||
| Total funds raised - NZ issuers | $706 | 193.0% | ||||
| Market Capitalisation | **30.09.21 ** | Change YoY | % of GDP | Total funds raised - dual or foreign issuer $103 |
57.2% | |
| Total market capitalisation | $232,268 m | 11.6% | 68.3% | Total retail debt raised | $733 | -37.7% |
| Total wholesale debt raised | - | - | ||||
| All equity | $182,084 m | 11.4% | 53.6% | |||
| All funds | $7,366 m | 37.6% | 2.2% | |||
| All other | $27 m | 39.9% | - | Total number of secondary capital raising events 939 |
14.4% | |
| Total NZX Main Board | $189,477 m | 12.2% | 55.8% | Equity issuers - capital raised < $10m 160 |
8.8% | |
| Equity issuers - capital raised ≥ $10m < $100m 14 |
55.6% | |||||
| Retail debt | $33,775 m | 2.7% | 9.9% | Equity issuers - capital raised ≥ $100m 1 |
- | |
| Green bonds | $3,250 m | 54.8% | 1.0% | Fund issuers - capital raised | 751 | 15.0% |
| Wholesale debt | $5,766 m | 35.3% | 1.7% | Retail debt issuers - capital raised | 13 | 18.2% |
| Total NZX Debt Market | $42,791 m | 9.0% | 12.6% | Wholesale debt issuers - capital raised - |
- | |
| Cash Market | **Q3 2021 ** | Change YoY | Clearing House / Depository | **Q3 2021 ** | Change YoY | |
| Total value traded | $13,717 m | 8.9% | Gross value of cleared trades over period $13,726 m |
8.7% | ||
| Daily average value traded | $208 m | 8.9% | Collateral held at period end | $88 m | 31.6% | |
| On-market value traded | $7,957 m | 7.5% | Depository transactions over period | 23,296 | -0.8% | |
| % of value on-market | 58.0% | -1.2% | Assets under custody in depository at period end $5,729 m |
40.9% | ||
| Total trades | 3,908,505 | 26.7% | ||||
| Daily average trades | 59,220 | 26.7% | ||||
| Derivatives | **Q3 2021 ** | Change YoY | ||||
| Futures - total lots traded | 88,859 | 38.9% | ||||
| Total Equity Transactions | Options - total lots traded | 4,545 | -73.3% | |||
| Total trades | 3,897,659 | 26.7% | Total derivatives lots traded | 93,404 | 15.4% | |
| Value traded | $13,319 m | 8.8% | Total derivatives lots traded - YTD | 233,354 | -18.6% | |
| % of value on-market | 58.6% | -1.8% | Open interest | 67,374 | -8.3% | |
| Average on-market trade size | $2,007 | -15.8% | Notional value traded ($USD) | $512 m | 54.8% | |
| Options to futures ratio | 5.1% | -80.7% | ||||
| Total Debt Transactions | Block trade % | $0 | - | |||
| Total trades | 10,846 | 29.1% | ||||
| Value traded | $398 m | 10.5% | Energy Contracts | **30.09.21 ** | Change YoY | |
| Operating / Technology contracts | 18 | 5.9% | ||||
| Cumulative Numbers - YTD | - contracts ≥ $500k p.a. | 5 | 25.0% | |||
| Number of trades | 11,951,574 | 33.1% | - contracts < $500k p.a. | 13 | - | |
| Total value traded | $40,864 m | 0.8% | ||||
| % of value on-market | 61.9% | 1.0% |
| NZX Indices Performance | **30.09.21 ** | Change YoY | Wholesale Data | **30.09.21 ** | Change YoY |
|---|---|---|---|---|---|
| S&P/NZX 50 Index (Gross) | 13,276 | 13.0% | Terminal numbers - professional | 6,692 | 7.2% |
| S&P/NZX 50 Index (Capital) | 5,447 | 10.3% | Terminal numbers - retail | 2,063 | -23.2% |
| S&P/NZX 50 Portfolio Index | 8,469 | 20.8% | Licences - value ≥ $20k p.a. | 57 | 23.9% |
| S&P/NZX Primary Sector Index | 14,409 | -7.2% | Licences - value < $20k p.a. | 81 | 1.3% |
| S&P/NZX NZ Fixed Interest Composite Index | 124 | -5.5% | |||
| S&P/NZX A-Grade Bond Index | 5,789 | -4.1% | |||
| Direct Data Products | **30.09.21 ** | Change YoY | Dairy Data Subscriptions | **30.09.21 ** | Change YoY |
| Proprietary security subscription products | 309 | -4.0% | Dairy data subscriptions | 447 | -3.0% |
| - products ≥ $3,000 p.a. | 110 | -0.9% | - products ≥ $1,500 p.a. | 106 | 2.9% |
| - products < $3,000 p.a. | 199 | -5.7% | - products < $1,500 p.a. | 341 | -4.7% |
| Smartshares | **30.09.21 ** | Change YoY | |||
| Total external funds under management | $5,875 m | 31.5% | |||
| Scheme FUM | **30.09.21 ** | Change YoY | |||
| SuperLife Kiwisaver | $1,382 m | 27.3% | |||
| SuperLife Workplace Savings | $1,430 m | 14.6% | |||
| Smartshares Exchange Traded Funds - External | $2,234 m | 42.3% | |||
| Smartshares Exchange Traded Funds - Total (external and internal) | $5,326 m | 38.8% | |||
| Other Metrics | **Q3 2021 ** | Change YoY | |||
| Units on issue at period end | 1,784 m | 26.0% | |||
| Value of stock lent over period | $405 m | 3.8% | |||
| Wealth Technologies | **30.09.21 ** | Change YoY | |||
| Funds under administration | $7,951 m | 142.2% | |||
| Notes |
-
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.
-
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.
-
Market capitalisation for the NZX Debt Market is the total nominal (face) value of all listed securities, excluding New Zealand Government stock.
-
Funds include exchange traded funds, managed funds, listed investment companies and trusts.
-
"Other" securities include rights, warrants and options quoted on the NZX Main Board (NZSX).
-
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: [email protected]