Philippine Stock Exchange, Inc. · PSE:PSE
Philippine Stock Exchange — The Philippine Stock Exchange — FY2014 Earnings Presentation
38 slides from Philippine Stock Exchange's earnings presentation, Feb 26, 2015
Slide 1: SEC Form 17-C Cover Sheet
COVER SHEET [ATN]o[9 {270 /0{2[5/5 [7 | S.E.C. Registration Number [Tafel [Pp jalticir[PvPi[Njie| TT | PT PT Pd Pc PUTT dT Td (strjofciIk] TT TTTTTT TTT Ti ttt tit tit felx[dujatnicgfef TT TTT TTT TT i Pi tet tp i td GIniel-TTTTTTT TTT rit rei te tT i PT Pt (Company’s Full Name) (P[s[e| [P[Llalzjal,
Slide 2: SEC Form 17-C Current Report
SECURITIES AND EXCHANGE COMMISSION SEC FORM 17-C CURRENT REPORT UNDER SECTION 17 OF THE SECURITIES REGULATION CODE AND SRC RULE 17.2(c) THEREUNDER Date of Report (Date of earliest event reported): © February 26, 2015 2. SEC Identification Number: ANO092-002557 3. BIR Tax Identification No.: 002-333-
Slide 3: Item 9. Other Events
|tem No, 9. Other Events Please see attached presentation materials during the analysts’ briefing to be held on 26 February 2015. SIGNATURES Pursuant to the requirements of the Securities Regulation Code, the Issuer has duly caused this report to be signed on its behalf by the undersigned hereunto d
Slide 4: News Release: PSE 2014 income at P867M
NEWS RELEASE February 26, 2015 PSE 2014 income at P867M The Philippine Stock Exchange (PSE) reported that its 2014 net income grew by 2.7 percent to Php867.55 million from Php844.77 million in the same period last year. Total revenues, including operating revenues and other income, went up by 4.1 pe
Slide 5: Full Year 2014 Analysts' Briefing
THE PHILIPPINE STOCK EXCHANGE, INC. FULL YEAR 2014 ANALYSTS’ BRIEFING February 26, 2015 Hans B. Sicat President & CEO
Slide 6: Presentation Outline
Presentation Outline Stock Market Highlights PSE Strategy 2014 Milestones 2015 Initiatives The Philippine Stock Exchange, Inc.
Slide 7: PSEi Performance
PSEi Performance 9,000 8,000 63% 38% 4% 33% 1% 23% 7,000 6,000 5,000 4,000 3,000 One of two indices globally to post 2,000 growth for six consecutive years 1,000 Source: World Federation of Exchanges 0 2008 2009 2009 2010 2010 2011 2011 2012 2012 2013 2013 2014 20142015 PSEi up by 8.5% as of Feb. 25
Slide 8: PSEi vs. Asian Indices
PSEi vs. Asian Indices PSEi Performance vs Select Asian Indices, PSEi Performance vs Select Asian Indices, 2010 to 2014 as of February 25, 2015 72.1% PSEi 12.9% SzSE 70.6% Nikkei 8.6% VNI 56.6% Topix 8.5% PSEi 45.0% SET 7.1% Topix 41.1% JCI 6.5% Nikkei 35.0% Nifty 6.1% SET 34.1% Sensex 5.9% Nifty 16
Slide 9: Stock Market Highlights
Stock Market Highlights Total and Domestic Market Capitalization, Total Value Turnover, in PhP Trillion in PhP Billion 14.25 14.91 2,546.18 2,130.12 12.57 1,771.71 11.93 11.71 1,422.59 10.93 67.1% 16.3% 9.42 9.65 241.68 403.79 8.70 7.24 2011 2012 2013 2014 Feb 25, Feb 25, 2014 2015 19.4% 4.6% Averag
Slide 10: Stock Market Highlights
Stock Market Highlights Total Foreign and Total Local Transactions, Net Foreign Transaction, in PhP Trillion in PhP Billion 109.98 3.00 2.60 56.52 255.7% 55.45 1,302.3% 2.49 40.39 2.50 2.17 15.59 2.09 2.00 1.95 1.77 (3.36) 1.59 19.6% 2011 2012 2013 2014 Feb 25, Feb 25, 1.50 33.1% 2014 2015 1.00 1.08
Slide 11: Stock Market Highlights
Stock Market Highlights Total Capital Raised, in PhP Billion 250.00 219.07 200.00 175.07 153.08 150.00 107.50 100.00 50.00 12.6% - 2011 2012 2013 2014 IPO (Primary Offerings) FOO (Primary Offerings) Private Placement Stock Rights Offering No. of Deals 2014 YTD Five new companies listed on the PSE
Slide 12: PSE Strategy
PSE Strategy Improve technical expertise Develop New Products and Strengthen market framework Services A World-Class PSE Enhance technology structure The Philippine Stock Exchange, Inc.
Slide 13: 2014 Milestones
2014 Milestones The Philippine Stock Exchange, Inc.
Slide 14: New FTSE ASEAN Indices
New FTSE ASEAN Indices FTSE ASEAN All- FTSE ASEAN Share Index Stars Index represents 90-95% of 180 companies, 30 from ASEAN MCAP each country FTSE ASEAN All Share Ex- Developed Index Performance of all ex- developed countries The Philippine Stock Exchange, Inc.
Slide 15: New Trading System
New Trading System Concept of Private Order Unplaced Book Orders Same-Day Recovery User Acceptance Industry-Wide Testing Testing Go Live! 2015 XTS January to March March to May Pre-Launch May 2015 2015 2015 Timeline The Philippine Stock Exchange, Inc.
Slide 16: PSE Mobile Apps
PSE Mobile Apps Five Brokers Offering the Service As of February 25, 2015 BA Securities, Inc. 35,149 users Coherco Securities, Inc. 252,825 sessions DA Market Securities 1,360,849 screen views Optimum Securities Corporation Regina Capital The Philippine Stock Exchange, Inc.
Slide 17: MOU with Deutsche Boerse
MOU with Deutsche Boerse To build and develop a cooperative relationship in the areas of market data and information services Collaboration on: Licensing of current market data offerings Increasing distribution channels for real-time data New product design and innovation The Philippine Stock
Slide 18: PDS Stake Acquisition
PDS Stake Acquisition The Board of PSE authorized the offer to purchase the stake of PDS shareholders last August 2014 PSE, BAP, San Miguel, and Golden Astra have agreed on the indicative terms and conditions for PSE’s proposed purchase of their respective stakes in PDS The Philippine Stock Exchange
Slide 19: Stock Market 101 Webinar
Stock Market 101 Webinar 57% FEMALE 43% MALE 18-25 26-39 40-59 30% 52% 13% NATIONWIDE PARTICIPATION plus participants from Australia, Bahrain, United States, Dubai, Hong Kong, etc. The Philippine Stock Exchange, Inc.
Slide 20: 2015 Initiatives
2015 Initiatives The Philippine Stock Exchange, Inc.
Slide 21: 2015 Initiatives
2015 Initiatives Implementation of short selling and PERA Regulatory framework for index options and futures Develop New Introduction of new benchmark indices Products and Additional ETF listings Services Collaboration with Deutsche Boerse on market data products Listing rules for struct
Slide 22: 2015 Initiatives
2015 Initiatives Enhance Market Internet-based market education initiatives Education and Local and international roadshows Governance Philippine Corporate Governance Blueprint The Philippine Stock Exchange, Inc.
Slide 23: Preparing for ASEAN Economic Community 2015
Preparing for ASEAN Economic Community 2015 Marketing ASEAN as one asset class ASEAN Trading Link Composed of the following stock exchanges: Bursa Malaysia ASEAN Capital Markets CEO Summit In Kuala Lumpur, Malaysia (February 12, 2015) Singapore Exchange Stock Exchange of Thailand Broker Networking S
Slide 24: Enhanced ASEAN Exchanges Common Website
Enhanced ASEAN Exchanges Common Website www.aseanexchanges.org New header with ASEAN trivia and quick links ASEAN Stars by rank, market, or sector Real-time benchmark indices stats Twitter feed and ASEAN FTSE Analytics Market news The Philippine Stock Exchange, Inc.
Slide 25: Thank You
Thank You Please follow us on: Download: PSE EDGE @PhStockExchange Mobile App Visit: PSE Academy The Philippine Stock Exchange, Inc. www.pseacademy.com.ph © The Philippine Stock Exchange, Inc. (PSE). All rights reserved. This document is a property of the PSE and cannot be used or reproduced, distri
Slide 26: Financial Report Full Year 2014 Analysts' Briefing
THE PHILIPPINE STOCK EXCHANGE, INC. Financial Report Full Year 2014 Analysts’ Briefing February 26, 2015 Omelita J. Tiangco Treasurer
Slide 27: Consolidated Financial Performance
Consolidated Financial Performance 2014 2013 Change Net Income After Tax 867.55 844.77 3% (in million Php) Operating Revenues (in million Php) 1,519.85 1,528.00 1% Total Expenses (in million Php) 592.16 527.97 12% Other Income (in million Php) 194.22 117.87 65% The Philippine Stock Exchange, Inc.
Slide 28: Operating Revenues
Operating Revenues 2014 2013 Change % Change Listing-related income 816,365 722,111 94,254 13% Trading-related income 299,255 316,782 (17,527) -6% SCCP revenues 380,379 454,676 (74,297) -16% Other income 23,850 34,437 (10,587) -31% 1,519,849 1,528,006 (8,157) -1% Other income, 1% SCCP service fees,
Slide 29: Operating Revenues
Operating Revenues 2014 2013 Change % Listing-related income 816,365 722,111 94,254 13% Listing fees 590,266 495,404 94,862 19% Listing maintenance fees 223,919 223,846 72 0% Processing fees 2,180 2,860 (680) -24% Processing fees/fines & penalties, 1% In Million ₱ Listing maintenance FOO/Additional
Slide 30: Operating Revenues
Operating Revenues 2014 2013 Change % Trading-related income 299,256 330,563 (31,307) -9% Transaction fees 213,003 254,618 (41,615) -16% Market data revenue 61,210 56,503 4,707 8% Subscription fees 25,043 19,442 5,601 29% Total Turnover Value (In Billion PhP) Total Transactions Fees 2,546 2,600 (In
Slide 31: Operating Revenues
Operating Revenues 2014 2013 Change % SCCP service fees 380,379 454,676 (74,297) -16% ₱ 1.9 M ₱1.13 M P 282 M CMIC, CMIC, 0% 0% P 380 M P 1,137 M SCCP, P 579 M SCCP, 25% 33% PSE, 75% PSE, 67% Consolidated Operating Revenues Consolidated Net Income The Philippine Stock Exchange, Inc.
Slide 32: Other Income
Other Income 2014 2013 Change % Equity Fund 106,952 7,034 99,919 1421% Interest income 43,763 69,990 -26,227 -37% Equity in net income of an associate 43,503 40,848 2,655 7% 194,219 117,872 76,347 65% Equity Fund ₱23.77 M Net realized gain of ₱45.97M + ₱ 106.95 M 55% M2M gain of ₱60.98M 2014 EQUITY
Slide 33: Total Expenses
Total Expenses 2014 2013 Inc. (Dec.) % Change Compensation & other related staff costs 214,789 250,385 (35,596) -14% Depreciation 145,171 86,128 59,043 69% Professional fees 59,769 44,272 15,497 35% Occupancy cost 50,958 48,668 2,290 5% Repairs & maintenance 42,535 36,660 5,875 16% Other expenses 78
Slide 34: Total Assets
Total Assets Amount (in Million P) Cash & cash equivalents 1,061 Investments 1,449 14% Receivables 93 P& E, etc. 533 0.49% Total 3,137 P&E, etc. Receivables, P & E, etc., 3% 17% Cash & cash equivalents, 34% Investments, 46% The Philippine Stock Exchange, Inc.
Slide 35: Investments
Investments Amount (in Million P) Fixed income securities 673 Equity fund 459 Investment in PDSH 317 Total 1,449 Investment in PDSH, 22% Fixed income securities, 46% Equity fund, 32% The Philippine Stock Exchange, Inc.
Slide 36: Fundamentals
Fundamentals 2014 2013 Current Ratio 5.17 3.03 Book Value per Share ₱38.11 ₱34.99 Earnings per Share (EPS) ₱11.81 ₱11.53 Market Value per Share ₱297.80 ₱300 Price-Earnings Ratio (PER) 25.22 26.02 Price to Book 7.83 8.57 The Philippine Stock Exchange, Inc.
Slide 37: Cash Dividend
Cash Dividend Regular ₱5.50/share Special ₱3.50/share Total ₱9.00/share Amount ₱ 660 M Payout Ratio 82% The Philippine Stock Exchange, Inc.
Slide 38: Thank You
Thank You Please follow us on: Download: PSE EDGE @PhStockExchange Mobile App The Philippine Stock Exchange, Inc. © The Philippine Stock Exchange, Inc. (PSE). All rights reserved. This document is a property of the PSE and cannot be used or reproduced, distributed or forwarded by any person or compa
The Philippine Stock Exchange — FY2014 Earnings Presentation on 6ix