5653 ise_indecon irish support global reach infographics

IRISH STOCK EXCHANGE

LOCAL SUPPORT GLOBAL REACH

FACTS & STATISTICS ON THE IRISH STOCK EXCHANGE, ITS LISTED COMPANIES AND THE ISE-RELATED CAPITAL MARKETS INDUSTRY IN IRELAND

JUNE 2016

OUR VISION #1 EU EXCHANGE CHOICE FOR ISSUERS OF GLOBAL FIXED INCOME, FUNDS AND IRISH SECURITIES

KEY STATISTICS

38INTERNATIONAL

MEMBERS

47MEMBER FIRMS

IRISH STOCK EXCHANGE LOCAL SUPPORT GLOBAL REACH 5

Source: ISE and World Federation of Exchanges June 2016

COUNTRIES WITH ISSUERS ON ISE

MARKETS

>80THE ISEA GLOBAL LEADING INTERNATIONAL BUSINESS

4

>4kISSUERS

35,137 SECURITIES

201 ETFS

6,855 INVESTMENT FUNDS

27,991 BONDS & DEBT

33 IRISH GOVERNMENT BONDS & T-BILLS

57 EQUITIES

#2 NEW BOND

LISTINGS WORLDWIDE

#2 BOND

LISTINGS WORLDWIDE

#1 LIQUIDITY

IRISHSHARES

#1 FUND

LISTINGS WORLDWIDE


ENTERPRISESECURITIES MARKET

for high growth companies raising equity in earlier stages of development

MAINSECURITIES MARKET

for issuers listing debt, equity, funds and exchange traded funds (ETFs)

on an EU regulated market

ATLANTICSECURITIES MARKET

for multinational companies that want to broaden their investor

reach to include $ and pools of capital in a streamlined manner

OUR 4 MARKETS

GLOBALEXCHANGE MARKET

for banks, companies and sovereigns listing debt and investment fund managers listing funds or ETFs

THE ISE PROVIDING ISSUER CHOICE

6


THE ISEA FULL SERVICE STOCK EXCHANGE

8

OUR SERVICES

MARKET DATA, ISEQ INDICES & STATISTICSWe are the offi cial source of market data on ISE markets, providing standardised and tailored data solutions to meet your business needs.

#IPOREADY PROGRAMMEOur education programme for high potential companies equips executives with key skills in raising capital, investor relations and business management.

LEI SERVICESOur online LEI (Legal Entity Identifi er) service allows international organisations to apply for, update, renew or port LEIs required for regulatory or legal purposes.

ISIN SERVICESWe issue ISINs (International Security Identifi cation Number) for Ireland enabling securities to be identifi ed by international markets meeting regulatory or trading requirements.

REGULATORY ANNOUNCEMENTSWe fi le and publish regulatory documents and announcements for issuers enabling them to comply with their regulatory obligations.

BOND LISTINGWe provide a streamlined listing service on our two debt markets for issuers of bank, corporate and sovereign bonds and other debt related securities.

FUND & ETF LISTINGWe enable investment fund managers access global investors through the listing of a broad range of investment funds and exchange traded funds (ETFs).

EQUITY LISTINGWe operate three equity markets suited to companies in various stages of their lifecycle looking to access international pools of capital and investors.

TRADING & MEMBERSHIPWe offer membership for trading in shares, ETFs, Irish Government bonds and other securities using world-class, easily accessible and cost-effective trading and post-trade infrastructure.

10

TOP 6 MOST SIGNIFICANT FACTORS IN COMPANIES DECISION TO LIST ON IRISH STOCK EXCHANGE

Access to Irish investors

Access to international investors

Achieving the best valuation for the company

Ability to maintain or grow liquid market for shareholders

Profi le of company raised with investors, customers, suppliers, other fi nance providers and employees

Access to option of dual listing with certain international markets

Source: Indecon analysis of Confidential Survey of ISE-listed Companies

88.4%

72%

69.2%

68%

80.8%

77%


WHY COMPANIES LIST ON THE ISE

ISE LISTED COMPANIES RAISING FUNDS INTERNATIONALLY

12

26bn

87%

13%3.4bn

22.6bn

% OF TOTALFUNDS RAISEDbn

Irish Companies

Other Companies


Source: ISE *Equity funds raised relate to all listings and include equity monies raised through introductory offers, share placings, open offers, rights issues, share allotments, and other means.

40NEW COMPANY LISTINGS ON ISE MARKETS 2006 - 2015

DALATA HOTEL GROUPMAINSTAY MEDICAL

MALIN CORPORATION

PETROCELTIC INTL

PETRONEFT RESOURCES

IRISH RESIDENTIAL PROPERTIES REIT

PERMANENT TSB

TOTAL PRODUCE

APPLEGREEN

SMURFIT KAPPA GROUPORIGIN ENTERPRISES

FIRST DERIVATIVES

MERRION PHARMACEUTICALS ARYZTAHOSTELWORLD

FASTNET OIL AND GAS

FALCON OIL AND GAS

GREEN REIT

HIBERNIA REIT

GAMEACCOUNT NETWORK

MINCON

67% Source: Federation of European Securities Exchanges (FESE) - market research 2007

INTERNATIONAL INVESTORS IN IRISH LISTED COMPANIES

EQUITY FUNDS RAISED 2006 - 2015

SECTORAL PROFILE

27

26

53

Enterprise Securities

Market (ESM)

Total

Main Securities Market (MSM)

Food & Beverage 17%

Mining 13%

Travel & Leisure 11%

Health Care 9%

Financial Services 9%

Technology 8%

Oil & Gas 7%

Construction & Materials 6%

Industrial Goods & Services 6%

Real Estate 6%

Retail 4%

Media 4%

ISE MARKET

ISE LISTED COMPANIES MARKET PROFILE

COMPANIES ON ISE MARKETS

# COMPANIES


Source: ISE - June 2016


89%

67%

DUAL LISTED

PRIMARY LISTED IN IRELAND



ISE LISTED COMPANIES TOP 20 COMPANIES INCLUDED IN ISEQ

16

ISEQ 20 CONSTITUENTS

Travel & Leisure 31%

Food & Beverage 27%

Construction & Materials 26%

Financial Services 7%

Industrial Goods & Services 6%

Real Estate 3%

SECTORAL PROFILE OF ISEQ 20

INTERNATIONAL PARTNERSWORLD CLASS ACCESSIBLE SYSTEMS

IRISH LISTED COMPANIES #1 TRADINGVENUE

18 IRISH STOCK EXCHANGE LOCAL SUPPORT GLOBAL REACH 19

CREST

SETTLEMENT

XETRA

TRADING

EUREX

CLEARING

EQUITY TRADING MEMBERSSOURCING GLOBAL INVESTORS


FACTORS INFLUENCING DECISIONS BY DEBT ISSUERS TO LIST ON ISE - VIEWS OF ISE DEBT LISTING AGENTS

Effi ciency of listing process

Experience and reputation of the ISE and the Central Bank

Expertise and technical knowledge

Communication and willingness to engage

Competitive listing fees

Choice of markets

Source: Indecon Confidential Survey of Irish Stock Exchange Debt Listing Service Providers

100%

88.9%

88.9%

66.6%

100%

100%


WHY GLOBAL DEBT ISSUERS CHOOSE THE ISE


DEBT LISTINGGLOBAL FOOTPRINT

AUTOPISTAS METROPOLITANAS DE PUERTO RICO

FOSUN INTERNATIONALFOSUN INTERNATIONALFOSUN INTERNATIONALFOSUN INTERNATIONALFOSUN INTERNATIONALFOSUN INTERNATIONALFOSUN INTERNATIONALFOSUN INTERNATIONALFOSUN INTERNATIONALFOSUN INTERNATIONALFOSUN INTERNATIONAL

TRINITY BIOTECHTRINITY BIOTECHTRINITY BIOTECH

FANNIE MAE

COMISIN FEDERAL DE ELECTRICIDADCOMISIN FEDERAL DE ELECTRICIDADCOMISIN FEDERAL DE ELECTRICIDADCOMISIN FEDERAL DE ELECTRICIDADCOMISIN FEDERAL DE ELECTRICIDADCOMISIN FEDERAL DE ELECTRICIDADCOMISIN FEDERAL DE ELECTRICIDAD

SAXO BANKSAXO BANK


DISCOVERY COMMUNICATIONSDISCOVERY COMMUNICATIONS

SKY PLC

DEBENHAMSDEBENHAMSDEBENHAMS

VODAFONEVODAFONEVODAFONE

FERRARIHIPERCORHIPERCOR

VERIZON COMMUNICATIONSVERIZON COMMUNICATIONSVERIZON COMMUNICATIONSVERIZON COMMUNICATIONSVERIZON COMMUNICATIONS

IBERIAIBERIAIBERIAIBERIAIBERIA

SACYR

ALITALIAALITALIAALITALIAALITALIAALITALIAALITALIAALITALIAALITALIAALITALIA

AERCAP

BANCO DE SABADELLBANCO DE SABADELLBANCO DE SABADELLBANCO DE SABADELLBANCO DE SABADELLBANCO DE SABADELL


#2 BOND LISTINGS WORLDWIDE JUNE 2016ACROSS 63 EXCHANGES


#2 NEW BOND LISTINGS WORLDWIDE JUNE 2016ACROSS 46 EXCHANGES

Source: World Federation of Exchanges (WFE) Source: World Federation of Exchanges (WFE)

IRISH STOCK EXCHANGE LOCAL SUPPORT GLOBAL REACHIRISH STOCK EXCHANGE LOCAL SUPPORT GLOBAL REACH 2524

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

Tel-Aviv Sto

ck Exchang

e

Bo

lsa de Valo

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olo

mb

ia

Ho

ng K

ong

Exchang

es and C

learing

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Mo

scow

Exchang

e

Bo

lsa Nacio

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res

Taipei E

xchange

SIX Sw

iss Exchang

e

Shenzhen Stock E

xchange

Johannesb

urg Sto

ck Exchang

e

Bo

lsa de C

om

ercio d

e Bueno

s Aires

Oslo

Bo

rs

Singap

ore E

xchange

BM

E Sp

anish Exchang

es

Wiener B

orse

Shanghai Sto

ck Exchang

e

BSE

India Lim

ited

Euro

next

Natio

nal Stock E

xchange o

f India

NA

SDA

Q O

MX

No

rdic E

xchange

Ko

rea Exchang

e

Lond

on SE

Gro

up

Irish Stock E

xchange

Luxemb

ourg

Stock E

xchange

28,020

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

Kazakhstan Sto

ck Exchang

e

Mo

scow

Exchang

e

Bo

lsa Nacio

nal de Valo

res

SIX Sw

iss Exchang

e

Taipei E

xchange

Wiener B

orse

Oslo

Bo

rs

Bo

rsa Istanbul

Johannesb

urg Sto

ck Exchang

e

Shenzhen Stock E

xchange

Bo

lsa de C

om

ercio d

e Bueno

s Aires

NA

SDA

Q O

MX

No

rdic E

xchange

Natio

nal Stock E

xchange o

f India

Euro

next

BSE

India Lim

ited

Ko

rea Exchang

e

Irish Stock E

xchange

Luxemb

ourg

Stock E

xchange

3,148

WHY GLOBAL INVESTMENT MANAGERS CHOOSE THE ISE


FACTORS INFLUENCING DECISIONS TO LIST INVESTMENT FUNDS ON ISE VIEWS OF ISE FUND SPONSORS

100%

75.0%

62.5%

87.5%

75.0%

Effi ciency of listing process

Experience and reputation of the ISE and Central Bank

Open communication and willingness to engage

ISE Competitive listing fees

Expertise and technical knowledge

Source: Indecon Confidential Survey of Irish Stock Exchange Funds Listing Service Providers

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

Ko

rea Exchang

e

Mo

scow

Exchang

e

Japan E

xchange G

roup

Nasd

aq - U

S

NA

SDA

Q O

MX

No

rdic E

xchange

Shenzhen Stock E

xchange

Bo

lsa de C

om

ercio d

e Santiago

TMX

Gro

up

SIX Sw

iss Exchang

e

Euro

next

NYSE

Lond

on SE

Gro

up

BM

E Sp

anish Exchang

es

Deutsche B

oerse

Natio

nal Stock E

xchange o

f India

Luxemb

ourg

Stock E

xchange

Irish Stock E

xchange

7,056

IRISH STOCK EXCHANGE LOCAL SUPPORT GLOBAL REACH28 IRISH STOCK EXCHANGE LOCAL SUPPORT GLOBAL REACH 29

GLOBAL INVESTMENT MANAGERSWITH ISE LISTED FUNDS

Source: ISE - June 2016Source: World Federation of Exchanges (WFE)

INVESTMENT FUNDS AND ETFS

#1 FUND LISTINGSWORLDWIDE JUNE 2016ACROSS 57 EXCHANGES

3030

BENEFITS OF HAVING A LOCAL STOCK MARKET

Source of equity funding for enterprise

Lowers the cost of capital for domestic fi rms

Creates local knowledge and specialisation

Delivers macroeconomic benefi ts including greater R&D intensity and higher levels of foreign direct investment (FDI)

Research compiled by Indecon


WORLDWIDE REVENUES

WORLDWIDE EMPLOYEES

7

6,5

61

m

9

0,6

79

m

8

0,9

80

m

7

8,1

93

m

7

3,4

91

m

7

8,6

53

m

8

2,8

67

m

20

07

28

4,1

36

20

08

28

6,6

70

20

09

27

1,8

19

20

10

25

6,3

15

20

11

26

0,2

15

20

12

26

3,3

01

WORLDWIDE EARNINGS

6

,83

6m

8

,16

8m

7

,27

3m

6

,16

0m

6

,78

3m

8

,14

0m

7

,97

6m

263,000

8bn

EMPLOYEES

EARNINGS

83bnREVENUES

25

8,0

55

20

06

20

07

20

08

20

09

20

10

20

11

20

12

20

06

20

07

20

08

20

09

20

10

20

11

20

12

20

06

Source: Indecon analysis based on Bloomberg 2012 data. Figures exclude Tesco and Diageo.


ISE LISTED COMPANIES GLOBAL FOOTPRINT

DIRECT

m m

ECONOMY WIDE

24.0bn

97,435

12.1bn

7.3bn

5.3bn

49,148

15.0bn

9.5bn

Output/Sales Revenues from Irish Operations

Irish Employment Supported Full Time Equivalents (FTEs)

Irish Non-Labour Business Expenditure

Irish Employment Incomes Supported

GVA/GDP Contribution

2.5bn 4.2bn

Source: Estimated impact based on Indecon analysis of 2012 figures. Figures exclude Tesco and Diageo.

ECONOMIC IMPACT AND CONTRIBUTION IN IRELANDIRISH OPERATIONS OF ISE LISTED COMPANIES

ISE LISTED COMPANIES SUPPORTING THE IRISH ECONOMY


LAWYERS

ACCOUNTANTSRESEARCH ANALYSTS

STOCKBROKERSINVESTMENT FIRMS

INTERNATIONAL BANKS

Member fi rms supporting trading, corporate broking and research

Fund sponsors Equity sponsors and ESM advisors

Legal and accountingprofessionals supporting listing

THE ECOSYSTEM SUPPORTING LISTING AND TRADING ON THE ISE

CAPITAL MARKETS IN IRELANDEMPLOYING HIGHLY SKILLED PROFESSIONALS

DEBT EQUITIES

IRISH GOVERNMENT

BONDSFUNDS


Debt listing agents

DIRECT

m m

ECONOMY WIDE

704m

2,977

377m

130m

207m

2,101

177m 314m

242m

325m

Output/Sales Revenues from Irish Operations

Irish Employment Supported - Full-Time Equivalents (FTEs)

Irish Employment Incomes Supported

Irish Non-Labour Business Expenditure

Tax Contribution (incl. Stamp Duty)

GVA/GDP Contribution

230m -

Source: Estimated impact based on Indecon analysis of 2012 figures

ECONOMIC IMPACT AND CONTRIBUTION IN IRELANDIRISH OPERATIONS OF ISE-RELATED ECOSYSTEM


CAPITAL MARKETS IN IRELAND SUPPORTING THE LOCAL ECONOMY

Indecon statistics and analysis from research conducted on behalf of the Irish Stock Exchange - published October 2014.

Irish Stock Exchange 2016The Irish Stock Exchange plc is regulated by the Central Bank of Ireland.

Source: Indecon Research of market participants 2013

IRISH STOCK EXCHANGE LOCAL SUPPORT GLOBAL REACH40

A key advantage of the ISE is the flexibility of approach that it can offer to issuers via GEMThe openness of the ISE to converse with legal counsel/issuers directly has become a marked advantage over its competitors.

The ISE was important to the development of the company as it enabled us to raise equity in order to grow the business and pay down debt.

The ISE is still seen as the exchange of choice for listing investment funds. Clients appreciate the smooth listing process. Costs are on a par with various exchanges around the world.

VIEWS ON THE ISEVIEWS ON THE ISEVIEWS ON THE ISEVIEWS ON THE ISEVIEWS ON THE ISE

INVESTMENT FUND SPONSOR

DEBT LISTING AGENT

ISE-LISTED COMPANY

Irish Stock Exchange28 Anglesea StreetDublin 2, Ireland

T +353 1 617 4200F +353 1 677 6045

www.ise.ie

5653 ise_indecon irish support global reach infographics

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