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CREATINGOPPORTUNITIES, GROWINGVALUE
43rd Annual General Meeting
29 April 2020
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43rd AGM OF BURSA MALAYSIA BERHAD
Welcome Remarks
by the Chairman,
Datuk Shireen Ann Zaharah binti Muhiudeen
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43rd AGM OF BURSA MALAYSIA BERHAD
Poll Administrator : Tricor Investor & Issuing House
Services Sdn Bhd
Scrutineers : Deloitte Risk Advisory Sdn Bhd
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43rd AGM OF BURSA MALAYSIA BERHAD
Briefing by Poll Administrator on STEPS TO CAST YOUR VOTE REMOTELY
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STEPS TO CAST YOUR VOTE REMOTELY
• Click on the “Corporate Exercise/Event” button on the left side of the screen and open link in new window
Select “(Remote Voting) Bursa Adjourned 43rd AGM
Click on the “Next” button to proceed
Read and agree to the “Terms & Conditions” and confirm the “Declaration”
Select your CDS account number ( the box) and click the “Vote” button
Indicate your voting instructions – “FOR” or “AGAINST” or “ABSTAIN” and click the “Next” button
Review your votes casted and click on “Confirm” to submit
Download the document (remote voting) for your record, if required
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43rd AGM OF BURSA MALAYSIA BERHAD
To receive the Audited Financial Statements for the
financial year ended 31 December 2019 and the
Reports of the Directors and Auditors thereon.
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Presentation to ShareholdersDatuk Muhamad Umar Swift
Chief Executive Officer
• 2019 Financial Performance
• 2019 Market Performance
• Looking Ahead
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2019 Financial Performance
• Financial Trends
• Growing Shareholders’ Value
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Financial TrendLower PATAMI affected both the ROE and Cost to Income Performance
55 51 49
48 46 46 47 45 44
49
331
382 389
440 471
488 473
522 523
480
112 143 151
173 198 199 194
223 224
186
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
13
17 18 21
25 26 23
26 26 23
Operating Revenue
(RM mil)
PATAMI
(RM mil)Cost to Income Ratio (%)
PATAMI
RM186m
COST TO
INCOME
49%
RETURN ON
EQUITY
23%
FY2019 IN BRIEF
ROE (%)
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Growing Shareholders’ ValuePaid a Total Dividend of 20.8 sen for FY2019
6.3 8
.7
9.0 10.7
10.7
11.0
11.3
13.3
14.0
10.4
7.0
8.7 9.0
10.7
12.0
12.0
11.3 1
2.3
11.6
10.4
13.3 13.3 10.0
8.0
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
Final Dividend (sen)Interim Dividend (sen) Special Dividend (sen) Dividend Yield (%)
* Payout Ratio (Exclude special dividend)
2.63.9 4.3
6.3 6.7
4.1 3.85.3 4.9
3.4
92%*
93%*
94%*93%*
92%*98%*
95%*95%*
94%*
Bursa Malaysia’s dividend payout ratio of 90.5% in 2019 is the highest among listed peers regionally.
91%*
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Growing Shareholders’ ValueRelatively stable Price Earnings Ratio
RM Share Price
14
.1 17
.9
18
.9 21
.7 24
.8
24
.8
24
.1 27
.7
27
.8
23
.0
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
EPS vs PE Ratio
Bursa’s earnings per share and the price earnings ratio have been relatively steady.
37
2522
2522 22 24 24
25 26
3
4
5
6
7
8
9
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
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2019 Market Performance
• Market Trend
• 2019 Developments & Initiatives
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684825 822
992 1,039 990 956
1,291 1,214
891
386
446 354
424530
464371
525538
473384
428397
499484
537485
498 640
566
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
33 33 28 30 29 30 27 32 32 28
1,275 1,285 1,4661,702 1,651 1,695 1,667 1,907 1,700 1,712
Securities Market Trend
ADV of Retail
Average Daily Value (OMT)
(RM mil)
Velocity (%)
ADV of Domestic Institutions ADV of Foreign Institutions
Market Cap
(RM billion)
2,392
1,930
2,314
1,5731,699
1,454
1,9152,053
1,9911,812
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11 138 9 7
15
95
107
21 21 23 17 16 22 22 19 16 18
Derivatives Market Trend
8.0 10.1 8.7 10.8 8.812.3 11.2 8.4 10.3 9.4
16.4
24.030.4
32.441.3
44.7 46.4 49.1 43.1 43.9
0.4
0.4
0.3
0.3
0.6
0.2 0.2 0.23.1 2.1
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Crude Palm Oil Futures
Volatility of Crude Palm Oil Futures (%)
FBMKLCI FuturesVolatility of FBMKLCI Futures (%)
55.456.5
Average Daily Contracts (‘000) & Volatility
Others
50.7
43.5
39.4
34.5
24.8
57.2 57.757.8
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Bursa Suq Al-Sila’ Trend
2.75.5
13.5 13.415.1
18.1
25.1
1.2
1.4
1.7 2.9
4.5
6.2
5.5
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
3355
69 7893
109124
141
173
222
No. of Trading ParticipantsDomestic Foreign
30.6
24.3
Bursa Suq Al-Sila’ ADV
(RM bil)
16.315.2
6.9
3.9
1.20.32.3
19.6
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2019 Key Developments & Initiatives
11 June
• Launched Bursa Anywhere, the first mobile CDS electronic platform in ASEAN
19 November
• Launched Mirror, Learn & Trade, Malaysia’s first virtual education trading platform
SERVICES
31 May
• Bursa Malaysia classified as Shariah-compliant securities
18 September
• Extended agreement to host Derivatives products on CME Globex
21 November
• Announced new organisation structure to accelerate growth and improve organisational effectiveness
6 December
• Completed the acquisition of the remaining 25% equity interest in Bursa Malaysia Derivatives from CME Group
CORPORATE DEVELOPMENT
8 January
• Expanded trading features to execute variety of trading strategies
29 April
• Migrated to T+2 settlement cycle for the Securities Market
18 June
• Bursa Malaysia and the Securities Commission Malaysia issued a joint-statement re-affirming commitment to continue supporting a facilitative and market-friendly ecosystem
14 August
• Revamped and liberalised its Derivatives Market rules and directives to enhance business efficiency and flexibility of doing business
1 November
• Completed the first securities borrowing and lending Proof-of-Concept blockchain technology solution
18 December
• Amended the Main and ACE Market listing requirements to strengthen anti-corruption measures
ECOSYSTEM
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Moving Forward
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Moving Forward
• Future proofing of the Exchange• Moving towards greater efficiency & better
process
ELEVATE ORGANISATIONAL EFFECTIVENESS
• Technology refresh – for increased capacity & performance to meet future needs
• Build innovative capacity to spur growth
TECHNOLOGY & INNOVATION
• Forging growth and tapping new opportunities through strategic partnerships
• Greater collaboration with international players to widen reach and offering
INTERNATIONALISATION
Bursa In 2020 : Restructuring For Business Agility & Accelerate Growth
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Thank You
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43rd Annual General Meeting
Independent Auditors’ Report
to the Members of
Bursa Malaysia Berhad
by
Dato’ Megat Iskandar Shah bin Mohamad Nor
Partner
Messrs. Ernst & Young PLT
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REPLY TO MSWG QUESTIONQuestion: Corporate Governance Matters
There were a lot of governance issues highlighted in the media and by the SC relating to
certain board members of Bursa and the CG structures at Bursa.
Please explain the Board’s position on these issues.
Answer:
The reputation and integrity of Bursa Malaysia as the market operator of the stock exchange
has always been the utmost priority of the Board of Directors of Bursa Malaysia (“Board”).
Hence, the Board is always mindful to ensure the Group governance structure remains
effective and efficient in the best interest of the Malaysian capital market and our
stakeholders.
Towards this end, Bursa Malaysia has always engaged with its relevant stakeholders, including
the Securities Commission Malaysia, to provide feedback or updates on governance practices
and other relevant matters relating to the capital market and will continue to do so on a
regular basis. The Board would like to re-affirm our common objectives with our stakeholders
in ensuring the orderly functioning, good governance and stability of Malaysia’s capital markets
particularly at a time of unprecedented pressures to markets, both in Malaysia and globally.
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43rd AGM OF BURSA MALAYSIA BERHAD
AGENDA 1
To receive the Audited Financial Statements for the
financial year ended 31 December 2019
and the Reports of the Directors and Auditors thereon.
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43rd AGM OF BURSA MALAYSIA BERHAD
AGENDA 2
To re-elect the following Directors who retire by rotation in
accordance with Article 18.4 of the Company’s Constitution
and who being eligible offer themselves for re-election:
1) Datuk Karownakaran @ Karunakaran a/l Ramasamy; and
2) Encik Pushpanathan a/l S.A. Kanagarayar.
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43rd AGM OF BURSA MALAYSIA BERHAD
AGENDA 2 (Resolution 1)
Re-election of
Datuk Karownakaran
@ Karunakaran a/l
Ramasamy
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43rd AGM OF BURSA MALAYSIA BERHAD
AGENDA 2 (Resolution 2)
Re-election of
Encik Pushpanathan
a/l S.A. Kanagarayar
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43rd AGM OF BURSA MALAYSIA BERHAD
AGENDA 3 (Resolutions 3 and 4)
To re-elect the following Directors who retire in accordance
with Article 18.11 of the Company’s Constitution and who
being eligible offer themselves for re-election:
1) Puan Uji Sherina binti Abdullah; and
2) Professor Joseph Cherian.
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43rd AGM OF BURSA MALAYSIA BERHAD
AGENDA 3 (Resolution 3)
Re-election of
Puan Uji Sherina binti
Abdullah
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43rd AGM OF BURSA MALAYSIA BERHAD
AGENDA 3 (Resolution 4)
Withdrawn
Professor Joseph Cherian
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43rd AGM OF BURSA MALAYSIA BERHAD
AGENDA 4 (Resolution 5)
To approve the payment of Directors’ fees amounting to
RM300,000 per annum for the Non-Executive Chairman and
RM200,000 per annum for each of the Non-Executive
Directors in respect of the financial year ended 31 December
2019.
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43rd AGM OF BURSA MALAYSIA BERHAD
AGENDA 5 (Resolution 6)
To approve the payment of benefits payable to the Non-
Executive Chairman and Non-Executive Directors up to an
amount of RM2,200,000 from 1 April 2020 until the next AGM
of the Company.
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43rd AGM OF BURSA MALAYSIA BERHAD
AGENDA 6 (Resolution 7)
To appoint Ernst & Young PLT as Auditors of the Company for
the financial year ending 31 December 2020 and to authorise
the Board of Directors to determine their remuneration.
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43rd AGM OF BURSA MALAYSIA BERHAD
AGENDA 7
ANY OTHER BUSINESS
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43rd AGM OF BURSA MALAYSIA BERHAD
VOTING SESSION
ENDS IN 10 MINUTES
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43rd AGM OF BURSA MALAYSIA BERHAD
VERIFICATION OF POLL RESULTS BY
SCRUTINEERS – IN PROGRESS
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43rd AGM OF BURSA MALAYSIA BERHAD
ANNOUNCEMENT OF POLL RESULTS
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CONCLUSION
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