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FY2010 FINANCIAL RESULTS
Dato’ Yusli Mohamed Yusoff, CEONadzirah Abdul Rashid, CFO
27 January 2011
Highlights
Improved Financial Performance 3
Our Securities Market Progressed Steadily 4
Derivatives Market Remained Stable 5
2009 20104Q09 4Q104Q09 4Q10 2009 2010
3
Improved Financial PerformanceOperating Revenue (RM mil)
Net Profit Margin & ROE (%)
31.2 32.0
13.6 13.4
05
10152025303540
2009* 2010
94.3 297.8
331.3
Net Profit (RM mil)
Net Profit Margin ROE
27% 11% 11%47%
74.220.3*
29.8 101.6*113.0
* excluding gain on disposal of 25% equity in Bursa Malaysia Derivatives of RM76.0 mil in 2009. Net profit for the year 2009was RM177.6 mil.
9991,275
2009 2010
34% 33%
1,518.91 (31 Dec 2010)
4
Our Securities Market Progressed Steadily
3%
28%
Daily Average Trading Value - OMT + DBT*(RM mil)
Turnover Velocity
Market Capitalisation (RM bil)
FBM KLCI Index
1,272.78(31 Dec 2009)
19%
1,2211,574
29%
FBMKLCI Hits All Time High at 1528.01 on 10 Nov 2010
124
204
2009 2010
14
29
2009 2010
No. of New Structured WarrantsIncl. 19 CBBCs & 2 put warrants
Number of IPOsIncl. 2 REITs
107% 65%28
2009
33
2010
Total Funds Raised (RM bil)From IPO & secondary offerings
18%
* OMT - On Market TransactionDBT - Direct Business Transaction
16,165
2009
24,749
2009
16,389
2010
8,056
2009
8,044
2010
24,818
2010
5
Derivatives Market Remained Stable
FCPO
Daily Average Contracts (Units)
FKLI
123,141132,151
Open Positions
1.4%
0.3%
Financial Review & Performance
Positive Revenue Growth 7
Increased Revenue 8
Higher Operating Expenses 9
Sustainable Performance Ratios 10Strong Reserves 11High Dividend Payout 12
7
Positive Revenue Growth
* including gain on disposal of 25% equity in Bursa Malaysia Derivatives of RM76.0 mil in 2009.
297.8
104.6*
182.6 177.6*
33.7*
331.3
28.6
196.7
101.6
19.329.8
113.0
21.3
OperatingExpenses (RM mil)
Other Income(RM mil)
OperatingRevenue(RM mil)
Net Profit(RM mil)
EPS(sen)
11% 4% 8% 11% 10%
2009 2010
139.1
38.5
103.6
16.7
167.9
37.6
107.8
17.9
Securities Trading Revenue
Derivatives Trading Revenue
Stable Revenue Other Operating Revenue
32.0 32.9
17.4
10.97.4
3.0
36.133.1
17.0
11.37.3
3.0
Listing Fees Depository Services
Information Services
Broker Services
Access Fee Participants' Fees
Operating Revenue
8
Increased Revenue Driven by Securities Market
8* Other operating revenue mainly comprises conference fees , interest earned from participants’ contribution and perusal & processing fees.
FY2010
21% 4% 7%2%
RM331.3 mil in 2010 11% (2009: RM297.8 mil)
• Revenue increased primarily due to:1. Improved ADV for the securities market2. Increase in structured warrants, IPOs and
secondary issues.
• Derivatives trading revenue declined mainly dueto lower guarantee fees as a result of loweraverage daily open positions.
• Other operating income increased mainly due tonew processing fees.
Stable Revenue
RM mil 2009 2010
13% 3%
Derivatives Trading Revenue
Other Operating Revenue*
2%
51%33%
11%5%
1%
Securities Trading Revenue
Stable Revenue
47%
22%
6%
9%5%
2%9% 83.3
38.9
15.4 14.2 10.13.2
17.5
92.4
43.2
12.317.7
10.22.7
18.2
9• Other OPEX comprises operational expenses, CDS consumables, Directors’ fees, etc.
FY2010
Staff Cost
(D & A)
Market Development
Technology Charges
Building Management Costs
Professional Fees
Other OPEX
Higher Operating Expenses Talent Investment for Future Growth
`RM mil 2009 2010
• Operating expenses increased mainly due to:
1. Stepping up efforts to recruit and retain talent.
2. Migration from Bursa Trade Derivatives (BTD) to Globex Accelerated depreciation of BTD License fee for Globex (higher technology charges)
RM196.7 mil in 2010 8% (2009: RM182.6 mil)
Staff Cost Depreciation&
Amortisation(D & A)
Market Development
Technology Charges
Building Management
Costs
Professional Fees
Other OPEX
11% 11% 1%20% 16% 4%25%
10
Sustainable Performance Ratios
Stable Revenue + Derivatives Trading Revenue :
Operating Expenses
31.2*
51.7
77.8
13.6*
32.0
53.7
74.0
13.4
Net Profit Margin Operating EBITDA Margin Return on Equity
5%
(%)
4%
2009 2010`
* excluding gain on disposal of 25% equity in Bursa Malaysia Derivatives of RM76.0 mil in 2009.
840852
2009 2010
11
Strong Reserves
Shareholders’ Fund
Financial Resources Available for Use
RM mil
RM mil
1%
13%453
512
2009 2010
`
The Company has sufficient financial resources to cover its Clearing Guarantee Fund commitment, CAPEX and working capital requirements.
`
High Dividend Payout Surpassed 75% Payout Policy
12
(sen/net) % of Dividend Payout
2010 94%
FINANCIAL YEAR
93%2009
Interim Dividend 9.5Final Dividend 10.5
20.0
Interim Dividend- Franked Dividend 3.8- Single Tier 5.0
Final Dividend 9.017.8
2008 91%Interim Dividend 12.2Final Dividend 5.9
18.1
Business Highlights & Initiatives
Key Development in 2010 14
Global Recognition 15
Our Direction and Strategy for 2011 16
Setting Priorities and Areas for Future Growth 17
Market Outlook 18
14
Enhance standard of CG
Market education & engagement
CME’s KL Hub as a gateway for
trading derivatives products
Expanding reach & profile of
Islamic market
Upgradedto FTSE Advanced Emerging Market
status
Key Development in 2010
CBBCsNew ETFsNew REITs
E-services• E-dividend• E-shares
ASEAN Link
Migration of Derivatives products to
CME Globex®
Internet trading for futures products
InternationalisingOur Market
ImprovingLiquidity
Building Quality
Enhancing Efficiency
Launch Business SustainabilityProgramme
15
Global Recognition
CMEPartnership
QDII – Malaysia Investment destination for China investorsCBRCRecognition
Approval from US Commodity Futures Trading Commission (CFTC) to enable Malaysian Futures brokers to deal with US customers
CFTCApproval
Malaysia promoted to Advanced Emerging Market status in FTSE Global Equity Index Series
FTSEUpgrade
“Designated Offshore Securities Market” recognition to ease trading in Malaysian listed securities & shelf listed bonds by U.S. investors
U.S. SEC Approval
Migration of Malaysian derivatives products to CME Globex®
16
StrengthenEquity Market
Expand Derivatives
MarketWiden &
InternationaliseIslamic Market
TO REMAIN COMPETITIVE AND RELEVANT IN THE REGION
Our Direction and Strategy for 2011
OPTIMISATION
17
2 Developing World Class Capability and Capacity
1 Revitalising the Market
3 Improving the Ecosystem
4 Improving Efficiency & Productivity
5 Internationalising the Market
Setting Priorities and Areas for Future Growth…
1818
Market OutlookSecurities Market
Derivatives Market
• Migration of products to CME Globex® expected to enhance visibility andtrading activity in 2011.
• CME partnership will help globalise the Malaysian CPO futures market andimprove derivatives revenue.
• Expect continued interest on the back of continued global economicrecovery and international investor interest in emerging markets.
• Domestically, potential catalysts include new projects under EconomicTransformation Plan, Budget 2011 & the Tenth Malaysia Plan, greater M&Aactivities and further divestments by government-linked companies.
• Expect to retain leadership position as no. 1 destination for sukuk.
• To expand our penetration to GCC market.
Islamic Market
Q & AFY2010 FINANCIAL RESULTS
27 January 2011
Additional Information
Equities Market Activity 21
Equities Trading Participation 22
Equities Market Foreign Ownership 23
Derivatives Market Activity 24
Derivatives Market Demography 25
Islamic Market Activity 26
68%
54%50%
41%46%
31%25%
32%23%
48%
36%28%
35%28% 31%
37%
1,924
497 805 911
350 472 748
874 718
1,019
2,179
1,181 1,129 1,454
-
400
800
1,200
1,600
2,000
2,400
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
RM mn
Annual DAV & Velocity57%
31%40% 39%
20% 23%
34% 32%
25%
34%
53%
34% 34% 33%
2,610 2,303
2,069 1,751 1,907
1,187 823 854
615
1,490 1,266 1,099 1,435 1,209 1,387
1,793
-
400
800
1,200
1,600
2,000
2,400
2,800
1Q07 2Q07 3Q07 4Q07 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10
RM mn
21
Equities Market ActivityQuarterly DAV & Velocity
Daily Average Trading Value (RM mn) Turnover Velocity
Daily Average Trading Value (RM mn) Turnover Velocity
22
Equities Trading Participation
43 40 50 43 29 34 37 24 33 26
51 5445
53
7166 63
7667
74
6 6 5 4
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
%
Retail vs Institutions
“Others”- refer to trades conducted for accounts notbelonging to individuals/ institutions. Definitions ofinvestors’ type clarified in 2004, hence reducing thetype of investor falling under “others” category.
2010 statistics were based on Bursa’s internal system.From 2001 to 2009, the statistics were based onBrokers’ submission.
71 68 76 69 63 65 63 58 73 73
29 3224
3137 35 37
42
27 27
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
%Foreign vs Local
Retail Institutions Others Local Foreign
23
7.6%
1.7%
0.9%
0.3%
0.1%
14.6%
Singapore
Hong Kong
UK
USA
Mid-East
Others
25.1%
74.9%
Foreign Ownership by Nationality
Foreign Nominees
Based on Market Capitalisation(as at month end)
26.5
25.7
24.1
21.7
20.9
20.7
20.7
20.9
20.4
20.4
20.6
20.8
21.8
21.9
Dec2010
%
Equities Market Foreign Ownership
1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10
139K
122K
136K
156K148K
117K142K
124K
2003 2004 2005 2006 2007 2008 2009 2010
49K
66K
85K
159K
125K
156K
123K
24
Derivatives Market Activity
2.0
2.6
2.5 4.
2
6.2
6.1
6.1
Annually (Total, million units)
KLCI Futures
Crude Palm Oil Futures Open Position
Others
29%
24K 29
K
24K
70%
Quarterly (Daily Average Contracts 000’)
KLCI Futures
Crude Palm Oil Futures Open Position
Others
22K
132K
6.2
24K
32%
66%
25K
23K 28
K
25
Derivatives Market Demography
* Local - A local participant is an individual who has been admitted as a participant in accordance with The Rules, registered with SC and has the rightto trade for himself - all futures contracts listed on the Derivatives Exchange.
31 19 14 16 16 13 15 15 15 21
45
4845 43 40
40 41 46 4544
3
65
3 32 2
2 2
2
14
23
3137 40
45 4237 38
33
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
%
FKLI
LocalDomestic Retail
Domestic InstitutionsForeign Institutions
40 38 35 33 35 31 25 27 33 34
15 2126 24 23
2734 38
24 26
2721 18
20 22 25 2214
27 15
14 14 17 20 18 16 18 2016
25
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
%
FCPO
LocalDomestic Retail
Domestic InstitutionsForeign Institutions
26
Islamic Markets Activity
No. of Listings 19
% of Total Global Listings 77%
Value listed* USD 27.7 billion
Exchange Global Ranking 1
Sukuk Listings Bursa Suq Al-Sila’
Foreign Membership Admission1. Saudi Hollandi Bank2. Nafaes International Group General Trading
and Contracting Company3. The Islamic Bank of Asia Limited4. Central Bank of United Arab Emirates
Foreign Membership Shari’ah Approvals1. Al Rajhi Bank2. Alinma Bank3. Bank Albilad
% of Shari’ah Compliant
PLCs 88
ETFs 50
REITs 22
Market Capitalisation 63
Key Statistics
Daily Average Value Commodity Traded RM351 million
No. of Trading Participants 33
Thank you
KOAY LEAN [email protected]
603-2034 7306
Disclaimer :
Bursa Malaysia and its Group of Companies (the Company) reserve all proprietary rights to the contents of this Presentation.
Whilst the Company endeavours to ensure that the contents in the presentation booklet are accurate, complete or have been obtained from sources believedby the Company to be accurate and reliable, neither the Company nor the Presenter make any warranty, express or implied, nor assume any legal liability orresponsibility for the accuracy, completeness or currency of the contents of this Presentation.
In no event shall the Company be liable for any claim, howsoever arising, out of or in relation to this presentation booklet to the recipient of this presentationbooklet and/or to any other third party.
© Bursa Malaysia 2011
INTAN DIYANA [email protected]
603-2034 7049
INVESTOR RELATIONS CONTACT INFORMATION
E-mail : [email protected] : 603-2026 3684
MUHAMMAD [email protected]
603-2034 7673