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1Q 2011 Financial Results19 April 2011
BURSA MALAYSIA BERHADDestination of choice for listings and investments in the region
2
Financial Highlights
Strong Profit Performance 3
Strong Profit Performance
Snapshot 1Q11 1Q10 Δ% 4Q10 Δ%
Operating Revenue (RM mil) 107.8 81.2 33 94.3 14
PAT (RM mil) 41.9 29.0 44 29.8 41
PATAMI (RM mil) 40.5 28.1 44 29.8 36
Ratios 1Q11 1Q10 Δ% 4Q10 Δ%
Net Profit Margin (%) 36.1 33.0 9 29.2 24
Annualised ROE (%) 18.6 13.1 42 14.3 30
Stronger group performance contributed by higher trading volume in securities market and contracts traded in derivatives market
3
Market Performance
Positive Securities Market Momentum 5
Steady Securities Market Progress 6
Increasing Interest in Derivatives Market 7
4
35
2831
3742
1,061 1,0441,150
1,275 1,311
Positive Securities Market MomentumFBMKLCI Hit an All Time High at 1574.49 on 17 Jan 2011
1,53
2
1,28
8
1,48
2
1,74
9
2,23
4
1Q10 2Q10 3Q10 4Q10 1Q11Daily Average Trading Value: OMT + DBT (RM mil)
Turnover Velocity as at 31st March (%)Market Capitalisation as at 31st March (RM bil)
5FBM KLCI Index
1,272.7831 Dec 2009
1,518.9131 Dec 2010
1,545.1331 Mar 2011
1429
9
2009 2010 1Q11
2833
3
2009 2010 1Q11
124
204
115
2009 2010 1Q11
Steady Securities Market Progress
No. of New Structured Warrants
(Incl. CBBCs & put warrants)
Number of IPOs(Incl. 2 REITs in 2010)
Total Funds Raised (RM bil)(From IPO & secondary
offerings)
6
Increasing Interest in the Derivatives MarketFCPO & Total Volume Reach All Time Monthly Highs of 619,326 & 856,791 contracts in March 2011
23,8
89
22,5
17
25,1
11
24,2
55
36,7
85
1Q10 2Q10 3Q10 4Q10 1Q11
128,988114,820 113,565
132,151 136,202
Daily Average Contracts 1Q11 1Q10 Δ% 4Q10 Δ%
FCPO 25,606 15,794 62 17,030 50
FKLI 10,274 7,316 40 7,065 45
Daily Average Contracts (Units) Open Positions
7
Financial Review
Improved Financial Performance 9
Increased Revenue 10
Higher Operating Expenses 11
Sustainable Performance Ratios 12
Strong Reserves 13
8
Improved Financial Performance
Operating Revenue(RM mil)
Other Income(RM mil)
81.2 10
7.8
1Q10 1Q11
6.9 8.3
1Q10 1Q11
48.4 57
.81Q10 1Q11
29.0 41.9
1Q10 1Q11
5.3
7.6
1Q10 1Q11
Operating Expenses(RM mil)
PAT(RM mil)
Earnings Per Share(sen)
33%
20%
19%44%
43%
9
54%25%
12%9% 39.6
8.5
25.9
7.2
57.7
13.0
27.5
9.6
Securities Trading Revenue
Derivatives Trading Revenue
Stable Revenue Other Operating Revenue
8.8 7.8
4.02.7
1.80.7
10.0
7.8
4.5 2.9
1.80.6
Listing Fees Depository Services
Information Services
Broker Services
Access Fee Participants' Fees
Operating Revenue
Increased Revenue Driven by Securities Market
10* Other operating revenue mainly comprises conference fees , interest earned from participants’ contribution and perusal & processing fees.
1Q2011
46% 6% 33%53%
RM107.8 mil in 1Q2011 33% (1Q2010: RM81.2 mil)
• Securities trading revenue increased due topositive market sentiment
• Derivatives revenue increased due toincreased volatility of commodity prices andmigrations to CME Globex
• Stable revenue grew from higher annual listingfees (higher market cap), increase in listing ofstructured warrants & IPOs as well as increasein information services subscribers
• Other operating revenue grew due to higherconference fees (POC) and interest earnedfrom participants’ contribution
Stable Revenue
(RM mil) 1Q10 1Q11
14% 7%13%
Other Operating Revenue*
Securities Trading Revenue
Stable Revenue
Derivatives Trading Revenue
14%
10
`
45%
17%
9%
12%
4%
2% 11%
11
21.5
11.1
4.8 3.6 2.50.5
4.4
25.9
9.9
5.46.8
2.61.0
6.2
• Other OPEX comprises administrative expenses, CDS consumables & other miscellaneous expenses..
1Q2011
Staff Cost
Depreciation & Amortisation(D & A)
Market Development
Technology Charges
Building Management Costs
Professional Fees
Other OPEX
Higher Operating Expenses Talent Investment for Future Growth
(RM mil) 1Q10 1Q11
RM57.8 mil in 1Q2011 19% (1Q2010: RM48.4 mil)
Staff Cost D&A Market Development
Technology Charges
Building Management
Costs
Professional Fees
Other OPEX
20% 11% 12% 40%89% 3% 100%
• Higher staff costs due to increased headcount as well as talent attraction &development.
• Higher technology charges due to Globex service fee charged by CME (RM3 mil) forthe use of Globex electronic trading platform which commenced in September 2010.
• Operating expenses increase was further attributable to a write off of computersoftware, the postage hike in July 2010 which raised the cost of CDS consumables,higher market development expenses and higher consultancy fees.
11
`
33.0
54.0
13.1
36.1
55.6
18.6
Net Profit Margin Operating EBITDA Margin
Return on Equity
12
Sustainable Performance Ratios
(%)
9%
1Q10 1Q11
42%3%
12
`
870
886
1Q10 1Q11
(RM mil)
504
594
1Q10 1Q11
13
Strong Reserves
Shareholders’ Fund
Financial Resources Available for Use
(RM mil)
2%
18%
`
`
13
The Company has sufficient financial resources to cover its Clearing Guarantee Fund commitment, CAPEX and working capital requirements.
14
2011 Focus & Outlook
Key Focus for 2011 15
Positive Prospect & Outlook 16
14
15
StrengthenEquity Market
Expand Derivatives
MarketWiden &
InternationaliseIslamic Market
TO REMAIN COMPETITIVE IN THE REGION
Key Focus for 2011
15
• Increasing PDTs• Collaboration of
ASEAN Exchanges
• More BSASParticipants
• Dual licensing• New Derivatives
Clearing System
Other initiatives will be updated as we progress throughout the year
16
Positive Prospect & Outlook
Barring any adverse developments, we expect improved level of activity in our marketsand financial results for the financial year ending 31 December 2011.
Potential Market Catalysts
Acceleration in the implementation of various economic transformationprogrammes.
Greater M&A activities & government transformation programmes. Prospects for further divestments by government-linked companies.
Bursa remains committed in ensuring markets continues to be sustainable and vibrantdespite increasing volatility from external factors.
Malaysia’s strong economic fundamentals. Liberalisation efforts by the government. Sustained domestic corporate earnings growth attracting portfolio inflows.
Strong and Solid System
ProgressiveDevelopmental
Efforts
We continue to invest in the development of the capital market and theregulatory environment.
And at the same time, putting a close watch on our expenditure.
16
17
Additional Information
Board of Directors & Shareholdings Structure 18Securities Market Trading Activity 19Securities Market Trading Participation 20Securities Market Foreign Ownership 21Derivatives Market Activity 22Derivatives Market Demography 23
17
18
Board of Directors & Shareholdings StructureAs at 31 March 2011
12 Members
7 Independent Non-executive Directors1 Senior Independent Non-Executive
Director (also an INED)
1 Non-Independent Executive Director
3 Public Interest Directors (also independent)
20.6%
79.4%
Foreign
Local
Substantial Shareholders Shareholding by Size
Minister of Finance Inc.
Capital Market Development Fund
19%
19%
Market Capitalisation of Bursa Malaysia : RM4.3 bil (USD1.4 bil)
18
57%
31%40% 39%
20% 23%
34% 32%25%
34%
53%
34% 34% 33%42%
1,924
497 805 911
350 472 748
874 718
1,019
2,179
1,181 1,129 1,403
2,161
-
400
800
1,200
1,600
2,000
2,400
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 1Q2011
RM mil
Annual DATV & Velocity
68%
54%50%
41%46%
31%25%
32%23%
48%
36%28%
35%28% 31%
37%42%
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
1,566 2,161
-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 1Q11
RM mil
Securities Market Trading Activity Quarterly DATV & Velocity
Daily Average Trading Value (RM mil) Turnover Velocity
Daily Average Trading Value (RM mil) Turnover Velocity
19
346
806
283 373 378
583
34 3724
3326 27
66 63 76 67 74 73
2006 2007 2008 2009 2010 1Q2011
Securities Market Trading Participation
From 2006 to 2009, the statistics were based on Brokers’ submission. From 2010 onwards statistics were based on Bursa’s internal system.
65 63 58
73 73 76
35 37 42 27 27 24
2006 2007 2008 2009 2010 1Q2011
Retail (%)
Institutions (%)
Local (%)
Foreign (%)
Retail DATV (RM mil)
Foreign DATV (RM mil)
357
806
496
305393
519
Retail vs Institutions Foreign vs Local
20
21
Securities Market Foreign Ownership
7.8%
1.9%
0.9%
0.4%
0.1%
13.2%
Singapore
Hong Kong
UK
USA
Mid-East
Others
25.8%
74.2%
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
22.0
21.4
Mar2011
%
1.6%China / Taiwan
21
66K
85K
159K
125K
156K
123K131K 136K
2004 2005 2006 2007 2008 2009 2010 1Q11
139K
122K
136K
156K148K
117K142K
124K
136K
1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10 1Q11
22
Derivatives Market Activity
2.6
2.5 4.
2
6.1
6.1
6.2
Annually (Total, million units)
KLCI Futures
Crude Palm Oil Futures Open Position
Others
28%
24K 29
K
24K
70%
Quarterly (Daily Average Contracts 000’)
KLCI Futures
Crude Palm Oil Futures Open Position
Others
22K
2.2
24K
28%
70%25
K23K
28K 37
K
226.
2
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 andhas the right to trade for himself - all futures contracts listed on the Derivatives Exchange.
31 19 14 16 16 13 15 15 15 21 21
45
4845 43 40
40 41 46 4544 41
3
65
3 32 2
2 2
22
14
23
3137 40
45 4237 38
33 36
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 1Q2011
%
FKLI
LocalsDomestic Retail
Domestic InstitutionsForeign Institutions
40 38 35 33 35 31 25 27 33 34 31
15 2126 24 23
2734 38
24 26 25
2721 18
20 22 25 2214
27 1515
14 14 17 20 18 16 18 2016
2529
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 1Q2011
%
FCPO
LocalsDomestic Retail
Domestic InstitutionsForeign Institutions
23
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
24