Bolsa de Valores de Colombia S.A. · BVC:BVC

Bolsa de Valores de Colombia — Investor Presentation (June 2012)

30 slides from Bolsa de Valores de Colombia's investor presentation, June 2012

  1. Slide 1: Bolsa de Valores de Colombia

    Bolsa de Valores De Colombia 1

  2. Slide 2: Agenda

     BOLSA DE VALORES DE COLOMBIA - BVC  BVC Evolution  Colombian Macroeconomic Indicators  Business Environment  Colombian Capital Markets Evolution  MILA: Integrated Market of Latin America  BVC in numbers

  3. Slide 3: BVC Evolution

    BVC Evolution Colombia New Fixed Capital Income Became a program trading BVC is member of 80 Years of Foundation created with platform established as World legacy of the FX IDB to promote (MEC Plus) the result of the Federation of Colombian trading the market merger of the Exchanges Stock company de

  4. Slide 4: BVC Evolution

    BVC Evolution MILA: Integrated Historic record on Follow On & New equity Market of Latin IPOs, more than USD 7 billion trading platform: America issued by Colombian companies. Launching of Nasdaq OMX the new New regulation for New trading board for securities BVC became a Standardized Launching SAE:

  5. Slide 5: Colombian Macroeconomic Indicators

    Colombian Macroeconomic Indicators 9,0 Colombian Inflation % 8,0 7,65 7,67 7,0 6,99 6,49  One digit Inflation since 1999. 6,0 5,69 5,50  The inflation rate to May 2012 is 5,0 4,85 4,48 1.92% 4,0 3,73 3,0 3,17 2,0 2,00 1,92 1,0 0,0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012* •Colom

  6. Slide 6: Colombian Macroeconomic Indicators

    Colombian Macroeconomic Indicators 80 AUM Pension Funds 74 70 (USD Billions) 66  Sustained growth of the 6 60 54 Colombian pension funds. 50 CAGR: 30%  Multi-fund Scheme since 2010 40 39  *Up to April 2012 30 25 26 19 20 15 11 10 5 7 5 0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

  7. Slide 7: Business Environment

    Business Environment General Ranking 2012 ¿Where are the companies more protected? 1 Singapore 1 New Zeland 2 Hong Kong, China 2 Singapore 3 New Zeland Ranking Changes 3 Hong Kong 2007-2012 4 USA 4 Malasya 5 (…) Denmark 5 Canada 39 (…) Chile 41 Peru 6 Colombia 42 Colombia 7 Ireland 43 Puerto Rico 8

  8. Slide 8: Business Environment: Free Trade Agreements

    Business Environment: Free Trade Agreements IN FORCE The opportunities and IN SIGNED NEGOTIATION FUTURE challenges of the free • United States • South Korea • Japan trade agreements • Canada • CAN (Peru, Ecuador y • EFTA (Iceland and • Panama • Australia in a positive business Norway) • Turkey • New

  9. Slide 9: Agenda

     BOLSA DE VALORES DE COLOMBIA - BVC  BVC Evolution  Colombian Macroeconomic Indicators  Business Environment  Colombian Capital Markets Evolution  MILA: Integrated Market of Latin America  BVC in numbers

  10. Slide 10: BVC is a multi-product Exchange across the value chain

    BVC is a multi-product Exchange with presence in the all value chain EQUITY FIXED MARKET* DERIVATIVES CURRENCIES US$ 1,220 BN US$ 37 BN INCOME US$ 47 BN US$ 220 BN US$ 917 BN TRADING OTC/ SEN OTC OTC CLEARING SEN CRCC (1) SETTLEMENT BR d DCV BR BR BVC’s Shareholding: Deceval: 23% CUSTODY SETFX: 55%

  11. Slide 11: Capital Markets Evolution

    Capital Markets Evolution (USD billions) Total Markets  At the end of 2011 the traded CAGR: 26% volume at BVC closed in USD 1.220 billion  Up to May 2012 USD$406 billion has been traded. Fixed Income CAGR: 26%  In Fixed Income the average daily volume traded in 2011 closed in USD 3.7 Billion.  t

  12. Slide 12: Capital Markets Evolution

    Capital Markets Evolution (USD billions) Equity Market*  The average daily traded volume in the equity market in 2011 closed in USD$150 million CAGR: 53%  Up to May 2012 USD$20 billion has been traded.  At the end of May 2012 the foreign investors represent 10,8% of the traded volume Market Capit

  13. Slide 13: Capital Markets Evolution

    Capital Markets Evolution (USD billions) Derivatives Market  The standardized derivatives market in Colombia has futures on government CAGR: 54% bonds, FX, single stocks and indices.  UP to May 2012 USD$16 billion has been traded in the derivatives market.  The average daily volume traded in the

  14. Slide 14: Capital Market Contribution to Country Development

    Capital Market Contribution to Country Development Total 2009-2011 (USD millions) Since 2009 the companies have raised resources through BVC of more than USD 26 billion TOTAL 2009 2010 2011 Equity: 7.464 Equity Equity: Equity: 7.002 Fixed Income: 18.644 188 274 Fixed Income: Fixed Income: Fixed Inco

  15. Slide 15: Equity Market

    Equity Market (USD millions) Public Offerings 2010 2011 2012 Total Allocated Demand Total Allocated Demand USD224 13,2 Times USD388 1 Time USD50 12,7 Times USD1.871 1 Time USD271 5,9Times USD624 1 Time USD1.126 1,5 Times USD$91 2 Times USD283 17,2 Times USD$109 1 Time USD1.355 1,7 Times USD$148 3 Ti

  16. Slide 16: Fixed Income

    Fixed Income Bond Issuances thorough BVC (2008 – 2012) In 2009 GrupoSura issued bonds Emisiones de Deuda Debt Issuances 2008-2012 2008 – 2012* * with maturity of 40 years $ 14,00 $7.000 USD$) deCOP$) $$7.208 13,79 (USD millions) $$6.796 13,40 $ 12,00 $6.000 In 2010 (million (Billones de Ecopetrol ma

  17. Slide 17: Market Developments

    Renta Market Developments Variable • International standards for issuers Quality seal: • International quotation system of foreign securities for any investor type • Derivatives Market: • IBR Futures – New • Pacific Rubiales stock Future • CPI index futures • OTC Derivatives • MILA products Futures

  18. Slide 18: ETF: iCOLCAP

    Renta ETF: iCOLCAP Variable  ICOLCAP Launching Date: July 6th, 2011.  Administrator: Cititrust.  Agent: BlackRock. It has been widely adopted by all investor types exceeding USD 750 million in assets under management in 2011. 20 Stocks The amount traded in 2011 was USD 215 $1.400.000 ICOLCAP – AU

  19. Slide 19: More than 1,000,000 retail Investors

    More than 1.000.000 retail Investors ! 25 BVC Show Rooms •At the end of 2011, Colombia had 1'093.882 individuals trading at BVC. In agreement with •In 2011, 211 students participated in universities and education programs in 15 cities and chambers of commerce strengthened agreements with 28 universi

  20. Slide 20: Agenda

     BOLSA DE VALORES DE COLOMBIA - BVC  BVC Evolution  Colombian Macroeconomic Indicators  Business Environment  Colombian Capital Markets Evolution  MILA: Integrated Market of Latin America  BVC in numbers

  21. Slide 21: Integrated Market of Latin America - MILA

    INTEGRATED MARKET OF LATIN AMERICA - MILA: MILA’s VIRTUOUS CYCLE: •Economies of scale. •Streamlined Access to MILA. MORE LIQUIDITY •New Products Developments. •Regional Trading MORE INTL MORE •Regulatory Changes CAPITAL FLOWS INVESTORS (Chile / Peru / Colombia) •Marketing, positioning and visibility

  22. Slide 22: MILA in Numbers

    MILA in Numbers: 2011 Peru Colombia Chile MILA Brasil México BVL BVC BCS BOVESPA BMV Market Cap 120.6 209 296.2 626.4 1,350.4 418.9 (USD Billions) Number of Issuers 265 84 266 615 363 128 Traded Volume on Equities 5 37 47 89 801.4 102.1 (USD Billions) Number of Transactions 318 703 1,916 2,937 98,60

  23. Slide 23: MILA it's a reality

    MILA it‘s a reality Traded Volume in MILA Up to May 2012 USD$33,2 billion Public Offerings 2011 Allocated amount AviancaTaca · Grupo Aval (USD, approx) Colombia · Grupo Nutresa · Almacenes Éxito · 38% Ecopetrol · Empresa de Energía de Bogotá · USD 7.002 Chile Banco Davivienda · Grupo millones de Inv

  24. Slide 24: Index: S&P MILA 40

    Renta Variable INDEX: S&P MILA 40 Colombian Stocks in the Participation by Country Index composition: Participation Companies % BOGOTA GRUPOSURA Chile 22 50,4% CEMARGOS INVERARGOS CORFICOLCF ISA Colombia 12 32,4% ECOPETROL NUTRESA Peru 6 17,2% EXITO PFBCOLOM GRUPOAVAL PREC Today on the MILA market C

  25. Slide 25: Agenda

     BOLSA DE VALORES DE COLOMBIA - BVC  BVC Evolution  Colombian Macroeconomic Indicators  Business Environment  Colombian Capital Markets Evolution  MILA: Integrated Market of Latin America  BVC in numbers

  26. Slide 26: BVC in Numbers

    BVC in Numbers  At the end of May 2012 the operating revenues closed in USD$17. BVC has strengthened its operational structure and technology to further enhance the capital market

  27. Slide 27: BVC in Numbers

    BVC in Numbers At the end of May 2012:  The EBITDA margin closed 50% and the net margin 51%  EBITDA: USD$9 million.  Operating profits: USD$8 million  Net profits: USD$9 million At the end of May 2012:  Assets: USD$74  Liabilities: USD$21  Shareholders’ Equity: USD$53

  28. Slide 28: BVC in Numbers: Stock Evolution

    BVC in Numbers: Stock Evolution  Listed since June 2007.  Floating: 85%  Shares Outstanding: 18.672.822.217.  The BVC’s Market Cap at the end of May 2012 closed USD$338 million. At the end of May 2012:  Closing price: COP$32,5. (USD$1,8 cents)  Traded volume: USD$62M.  Daily trading volume av

  29. Slide 29: Principal Shareholders and Corporate Governance

    Principal Shareholders: CORPORATE GOVERNANCE Board of Directors: 13 Members • 7 Independents • 6 Non – Independents Committees: • Audit • Corporate Governance • Regulation • Administration & Finance Management: • CEO • 5 Vice-presidencies: ►Markets ►Corporate ►Commercial ►Legal ►Technology 10 % shar

  30. Slide 30: Thank You

    Thank You For more information please contact: Carlos Barrios Director of Investor Relations Office & Corporate Affairs. Bolsa de Valores de Colombia Tel. (+57 1) 3139800 Ext. 1167 Email: [email protected]

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