Bursa De Valori Bucuresti · BVB:BVB
Bursa De Valori Bucuresti — Investor Presentation (April 2012)
13 slides from Bursa De Valori Bucuresti's investor presentation, April 2012
Slide 1: Bucharest Stock Exchange Presentation
Bucharest Stock Exchange Presentation
Slide 2: Synopsis - BVB Group companies
Synopsis - BVB Group companies Operator of the leading Romanian cash, derivatives & structured Bucharest Stock products markets. Integrated Group: Trading, Clearing, Settlement and Registry Exchange Systems Cash & Derivatives Trading BVB Shareholder Structure as of December 31, 2011 Number of % of s
Slide 3: New Board of Governors
New Board of Governors A new BoG was elected through the cumulative voting method on January 9, 2012. The new BoG was approved by CNVM on January 30, 2012 and has the following structure: • Lucian Anghel (BCR) – President • Adrian Lupsan (SSIF Intercapital Invest) - Vice-President • Dan Paul (Broker
Slide 4: BVB Strategic Priorities
BVB Strategic Priorities 1. Support the successful closing of the state companies public offers 2. List new companies on Bucharest Stock Exchange and increase number of active investors 3. Develop capabilities, products and services offered by Bucharest Stock Exchange Group 4. Improve the corporate
Slide 5: BVB in the region
BVB in the region Domestic Market Cap (EUR bn) - Main Market 125.0 % % 74.2 Change Change 16.7 27.7 31.3 in Market in Market 4.9 6.3 13.1 Exchange Cap in Cap in CEESEG - Bulgarian Bucharest CEESEG - Athens CEESEG - CEESEG - Warsaw Q1.2012 2011 Ljubljana Stock Stock Budapest Exchange Prague Vienna St
Slide 6: BVB Market Data
BVB Market Data Main Market Average Daily Turnover Most traded companies in Q1.2012 (EUR m) % of 9.2 Symbol Company 8.5 turnover 7.6 FP Fondul Proprietatea 42% BRD Brd Gr.Soc-Gen 9% 5.3 4.8 SIF3 SIF Transilvania 9% SIF5 SIF Oltenia 9% 2.5 1.2 1.4 SIF2 SIF Moldova 7% 0.3 0.5 0.4 0.6 0.0 0.1 SIF1 SIF
Slide 7: BVB Market Data
BVB Market Data 120,000 Investors’ accounts 101,254 100,000 92,865 94,545 87,664 86,453 88,143 80,000 65,304 60,000 40,000 20,000 0 31.12.2006 31.12.2007 31.12.2008 30.06.2009 31.12.2009 31.12.2010 31.12.2011 Fully compensated investors Ceiling compensated investors Excluded investors Total investor
Slide 8: BVB Pricing Policy
BVB Pricing Policy Current pricing policy Historical pricing policy Section Sell Buy Cash Equity Market Sell Buy* Shares, Fund Units 11.7bps 4.5bps* Jan 2006 - May 2007 15 bps 7bps Main Market + Deal Bonds 2.16 bps June 2007 - Sep 2008 14bps 6bps 0.08bps, Oct 2008 - February 2009 13bps 5bps T-bills
Slide 9: Recovering operating performance
Recovering operating performance Individual P&L overview RAS figures 2012 2008 2009 2010 2011 RON m Budget Net Turnover 20.9 12.4 13.1 21.7 25.2 Operating Revenues 20.9 12.4 13.2 21.7 25.2 Operating Expenses 15.5 13.9 12.9 15.3 17.6 Operating result 5.4 -1.5 0.3 6.4 7.6 Financial Result 6.8 11.1 6.2
Slide 10: Key Financials-Recovering operating performance
Key Financials-Recovering operating performance Operating profit, Net profit and yearly Main ratios margins (RON m) 2009.8 2010 2010.2 2010.4 2010.6 2010.8 2011 2011.2 Year 2008 2009 2010 2011 25 90% 21.7 Operating 80% 34% -1% 2% 29% 78% margin 20 70% Net profit 17.0 51% 67% 44% 78% 60% margin 15 13
Slide 11: Key financials
Key financials Individual Balance Sheet overview RAS figures Ordinary dividend (RON per share, gross amount, 2008 2009 2010 2011 year paid) (RON m) Dec 31 Dec 31 Dec 31 Dec 31 2.14 Fixed assets 20.1 25.4 25.4 28.7 Current assets 73.4 67.2 64.6 77.5 -21% +205% of which: cash, 1.30 cash equivalents 70
Slide 12: BVB share data
BVB share data BVB vs. BET and S&P500 - YTD BVB since listing (RON) BVB 30.00 50.0 BET 25.00 45.0 S&P500 20.00 40.0 15.00 35.0 10.00 30.0 5.00 25.0 0.00 30-Dec-11 30-Jan-12 29-Feb-12 31-Mar-12 20.0 08-Jun-10 08-Oct-10 08-Feb-11 08-Jun-11 08-Oct-11 08-Feb-12 -5.00 Source: BVB, Reuters; 18-apr-2012 Li
Slide 13: Financial Calendar and Contact Info
Financial Calendar and Contact Info Financial Calendar Bursa de Valori Bucuresti S.A. Symbol: BVB 34 - 36 Carol I Boulevard, 14th 2/10/2012-2011 Preliminary results ISIN: ROBVBAACNOR0 2/10/2012- Earnings Conference Call Floor, Bucharest, sector 2, Reuters: ROBVB.BX 4/25/2012-GSM ROMANIA Bloomberg: B
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