2014 annual general meeting - asx · 2014 annual general meeting asx limited 23 september 2014,...
TRANSCRIPT
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2014 Annual General Meeting ASX Limited
23 September 2014, Sydney
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Opening Address
Rick Holliday-Smith Chairman
2
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Financial Results FY14
3
Profit after tax
$383.2 million
Total FY14 dividend
178.1 cents per share
Capital expenditure
$43.2 million
Progress in positioning ASX in changing global market
Up 10%
Up 6.6%
Up 4.6%
Expenses
$153.6 million
Up 5.1%
Revenues
$658.3 million
Growth in all major revenue categories
Increase in staff to support business
initiatives
Backed by strong capital position and AA- long-term S&P credit rating
Infrastructure investments and greater regulatory clarity
Revenues and expenses as per the Group segment reporting (excludes interest, and depreciation and amortisation)
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ASX’s Achievements
4
Collateral management
Meeting highest standards
Innovation & savings
client choice & control
Centre Point
US & EU regulatory relief
Renminbi settlement
Customer command centre
Connectivity to other centres
Code of Practice
OTC & client clearing
T+2
ASX Evolve mFund Efficiency
Transparency
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AGM Address
Elmer Funke Kupper Managing Director and CEO
5
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6
Priorities as a Leading Multi-Asset Class Exchange
Global leader in A$ and NZ$ markets
World-class, globally connected infrastructure
Outstanding customer experience
Regulations that support investors and growth
Employer of choice in financial markets
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Listings and Issuer Services $154.9m
Cash Market $117.3m
Derivatives and OTC Markets $207.7m
Information Services $68.8m
Technical Services $52.9m
Austraclear $41.1m
Business Performance FY14
7
10.9%
2.3%
5.2%
11.4%
6.2%
6.4%
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Top 10 IPOs in FY14
8
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Cash Market Highlights
9
Revenue $117.3 million, up 2.3%
Equities trading, clearing and settlement revenues all grew
Total on-market value traded per day rose 4.3%
On-market trading market share 91%
Continued innovation in execution services:
Centre Point
Code of Practice delivering benefits to industry and investors:
Customer input
T+2 settlement
Transparent and competitive pricing
Focus areas
Activity
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Listings and Issuer Services $154.9m
Cash Market $117.3m
Derivatives and OTC Markets $207.7m
Information Services $68.8m
Technical Services $52.9m
Austraclear $41.1m
Business Performance FY14
10
10.9%
2.3%
5.2%
11.4%
6.2%
6.4%
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Leader in A$ and NZ$
financial markets
Building a Globally Competitive Derivatives Market
11
Regulation
US and EU recognition
Location requirement certainty
Competitiveness of Australia
Balance sheet
Highest global capital standards
AA- long-term credit rating
Business model to invest
Market infrastructure
Full suite of post-trade and risk management services
Efficiencies for intermediaries and investors
Converging futures and OTC
Customer alignment
Advisory committees
24/6 service
Lower fees and higher growth incentives
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ASX Offer to Invest in Yieldbroker
12
49% $65 million
ASX proposal to acquire 49% shareholding in Yieldbroker for $65 million
Non-controlling stake, Yieldbroker to remain independently managed, ASX to have two board seats
Partnership brings together exchange-traded and OTC debt and interest rate derivatives markets
New services and efficiencies for customers
Deliver next generation of Australia’s financial market trading infrastructure
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Listings and Issuer Services $154.9m
Cash Market $117.3m
Derivatives and OTC Markets $207.7m
Information Services $68.8m
Technical Services $52.9m
Austraclear $41.1m
Business Performance FY14
13
10.9%
2.3%
5.2%
11.4%
6.2%
6.4%
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27.6
50.2
39.1 38.9
43.2
FY10 FY11 FY12 FY13 FY14
Normal Data Centre Post-Trade
Capital Expenditure ($M)
14
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Trading Update – FY15 to 17 September 2014
15
9.1
10.1
YTD 2014* YTD 2015*
475 471
YTD 2014 YTD 2015
4.0 3.9
YTD 2014 YTD 2015
Total Capital Raised ($bn) Cash Market Average Daily Value ($bn)
ASX 24 Average Daily Contracts (‘000)
* from 1 July to 31 August
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ASX’s Achievements
16
Collateral management
Meeting highest standards
Innovation & savings
client choice & control
Centre Point
US & EU regulatory relief
Renminbi settlement
Customer command centre
Connectivity to other centres
Code of Practice
OTC & client clearing
T+2
ASX Evolve mFund Efficiency
Transparency
![Page 17: 2014 Annual General Meeting - ASX · 2014 Annual General Meeting ASX Limited 23 September 2014, Sydney . Opening Address Rick Holliday-Smith Chairman 2 . Financial Results FY14 3](https://reader034.vdocuments.us/reader034/viewer/2022050610/5fb11c30b3dd1c0f2455e8ca/html5/thumbnails/17.jpg)
Formal Business
Rick Holliday-Smith Chairman
17
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ASX Financial Report
18
Agenda Item 1
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Agenda Item 2
Securities Exchanges
Guarantee Corporation (SEGC)
Financial Report
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Agenda Item 3
Election of Directors
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Agenda Item 3(a)
21
Re-election of Director
Mr Peter Warne Independent Non-executive Director
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Item 3(a) - Re-election of Mr Peter Warne
22
Proxy and Direct Votes (Combined)
For Against Open
78,769,271 20,661,788 2,248,065
77.47% 20.32% 2.21%
Percentage voting numbers rounded to two decimal places
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Agenda Item 3(b)
23
Election of Director
Mr Dominic Stevens Independent Non-executive Director
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Item 3(b) - Election of Mr Dominic Stevens
24
Proxy and Direct Votes (Combined)
For Against Open
98,655,550 2,390,599 2,244,462
95.51% 2.32% 2.17%
Percentage voting numbers rounded to two decimal places
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Agenda Item 3(c)
25
Election of Director
Mr Damian Roche Independent Non-executive Director
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Item 3(c) - Election of Mr Damian Roche
26
Proxy and Direct Votes (Combined)
For Against Open
100,808,124 142,115 2,245,512
97.69% 0.14% 2.17%
Percentage voting numbers rounded to two decimal places
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Agenda Item 4
Remuneration Report
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Item 4 – Remuneration Report
28
Proxy and Direct Votes (Combined)
For Against Open
99,337,705 1,276,038 2,211,867
96.61% 1.24% 2.15%
Percentage voting numbers rounded to two decimal places
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Agenda Item 5
Grant of Performance Rights
to Managing Director and CEO
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Item 5 - Grant of Performance Rights
30
Proxy and Direct Votes (Combined)
For Against Open
97,719,363 1,833,327 2,183,709
96.05% 1.80% 2.15%
Percentage voting numbers rounded to two decimal places
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Questions
31
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Please complete and submit your voting card
32