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Australian stock exchange LIMITED – report to shareholders 2004/05 www.asx.com.au Directory
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1 0 5 Shaping for growth is about more than reducing costs. It’s about being able to focus… to focus on promoting market integrity; on meeting our customers’ needs; on growing Australia’s capital markets. This report shows how ASX is shaping for growth in response to six fundamental challenges about our business:
1. Market integrity is more than just a licence responsibility. 2. Our shareholders are entitled to outstanding returns. 3. Our markets should be the best supervised markets in the world. 4. Our people should see a clear strategy. 5. Exchanges need to rethink their technology platforms. 6. Scale does matter.
Our Scorecard
“Shareholders are entitled to outstanding returns. Customers deserve outstanding service. Our people need to be engaged and happy. Our markets need first rate supervision, and our systems have to be world class. ASX is delivering on each of these fundamentals. We will continue to measure our progress in these and other areas and report back to all our stakeholders.” Tony D’Aloisio Managing Director and Chief Executive Officer
Our People ASX in the Community Building a great business means developing great people ASX aspires to be a leader in corporate responsibility. and creating a great work place – one where our people Via payroll giving, our people contribute to a range feel inspired and engaged. Our people are diverse and of community groups and we match these staff gifts talented, take pride in their success and derive a sense dollar-for-dollar. Following the Boxing Day tsunami, of achievement from their work. While our restructure our people contributed generously to the relief efforts and profit and loss drivers review has resulted in changes and these gifts were also matched by the company. to our workplace, our ongoing challenge is to stay focused on our people and implement the necessary With more Australians than ever owning shares, initiatives to enable them to grow. promoting financial literacy continues to be important for ASX. We offer ten online education classes, clear and accessible explanatory booklets, and “Investor Hour” seminars. Students at more than half the secondary schools in Australia participate in our share market game for schools.
Our Shareholders Our profit surpassed $100 million for the first time...
Net Profit After Tax Revenue by Category – FY05
/THER 2EVENUE 3IGNIFICANT )TEMS .ET 0ROFIT !FTER 4AX -ARKET $ATA ,ISTINGS $ERIVATIVES MILLION %QUITIES &9 &9 &9 &9 &9 &9 &9 Increases on previous corresponding period are bracketed.
...And shareholders enjoyed outstanding returns...
Normal Earnings Per Share – Pre Goodwill Dividend Per Share
3PECIAL $IVIDEND 4OTAL $IVIDENDS $OLLARS $OLLARS
&9 &9 &9 &9 &9 &9 &9 &9 &9 &9 &9 &9 &9 &9
Supervision of our Markets Our Customers …While our market supervision was among the Our customers gave us generally good ratings, around best in the world. six and seven out of 10… We will improve.
Regulation of Securities Exchanges. We ranked third among 104 countries. Participant satisfaction with our performance in key areas
3%!43#(%33
!#($#3
%QUITIES -ARKET !CCOUNT -ANAGEMENT )NTEREST 2ATE -ARKET 3CORE 7ARRANTS
!CCOUNTS "ILLINGS /PTIONS -ARKET -ARKET )NTEGRITY $ISCIPLINARY 4RIBUNALS /PERATING 2ULES %XECUTIVE -ANAGEMENT "USINESS $EVELOPMENT )TALY +OREA *APAN #ANADA !USTRALIA 'ERMANY $ENMARK
(ONG +ONG )MPORTANCE 2ATING .EW :EALAND
5NITED 3TATES 0ERFORMANCE 2ATING )MPORTANT %XTREMELY )MPORTANT 5NITED KINGDOM
Source: The Global Competitiveness Report 2004–2005, World Economic Forum Source: ASX Participation Satisfaction Survey, 2004
CHAIRMAN’S AND managing director ’ s R E P O R T
Market integrity is more than just a licence responsibility...
...it is a fundamental driver of our success.
Integrity is the core value of ASX and ensuring market integrity is It is the key to our brand and reputation, and a priority of our our point of difference. Board, senior management, people and all our stakeholders.
The Australian Stock Exchange can appear to be a complex and “The story of Australia’s multi-faceted business, but at its heart, we are guided by one simple mandate: to improve the quality of our services so as to equity market is one of increase returns for shareholders. Although a number of factors contribute to achieving this, we growth and depth. This is believe that ensuring market integrity – a market that is fair, orderly and transparent – underpins this goal. A market of integrity benefits &IXED
