Singapore Exchange Limited (OTCPK:SPXCF) Q2 2024 Earnings Conference Call January 31, 2024 8:00 PM ET Company Participants Dominic Lim - Head of Investor Relations Ng Yao Loong - Chief Financial Officer Loh Boon Chye - Chief Executive Officer Lee Beng Hong - Head of Wholesale Markets and Platforms Michael Syn - President Pol de Win - Head of Global Sales and Origination Conference Call Participants Harsh Modi - JPMorgan Chase & Co. Nick Lord - Morgan Stanley Thilan Wickramasinghe - Maybank Jovi Ho - The Edg ...

| --- | --- | |------------------------------------------------------------------------------|-------| | | | | | | | 1H FY2024 Results | | | Analyst and Media Briefing | | | | | | Loh Boon Chye, Chief Executive Officer Ng Yao Loong, Chief Financial Officer | | | 1 February 2024 | | | Singapore Exchange | | Commodities | Equity Derivatives | Fixed Income | FX | Indices | Securities Forward Looking Statements This presentation may contain forward-looking statements that involve assumptions, risks and uncertai ...

| --- | --- | |------------------------------------------------------------------------------|-------| | | | | | | | FY2023 Results | | | Analyst and Media Briefing | | | | | | Loh Boon Chye, Chief Executive Officer Ng Yao Loong, Chief Financial Officer | | | 17 August 2023 | | | Singapore Exchange | | Commodities | Equity Derivatives | Fixed Income | FX | Indices | Securities Forward Looking Statements This presentation may contain forward-looking statements that involve assumptions, risks and uncertaintie ...

Singapore Exchange Ltd (OTCPK:SPXCF) Q4 2023 Earnings Conference Call August 16, 2023 9:00 PM ET Company Participants Dominic Lim - Head, IR Ng Yao Loong - CFO Loh Boon Chye - CEO Conference Call Participants Jayden Vantarakis - Macquarie Capital Securities Tan Yong Hong - Citi Thilan Wickramasinghe - Maybank Harsh Modi - JPMorgan Gurpreet Singh Sahi - Goldman Sachs Andrea Choong - CIMB Research Tabitha Foo - DBS Bank Dominic Lim Good morning to everybody here today, and to those viewing this session over w ...

Singapore Exchange Ltd (OTCPK:SPXCF) Q2 2023 Earnings Conference Call February 8, 2023 8:00 PM ET Company Participants Dominic Lim - Head, IR Ng Yao Loong - CFO Loh Boon Chye - CEO Mike Syn - Head, Equities & Senior MD Conference Call Participants Nicholas Lord - Morgan Stanley Harsh Modi - JPMorgan Chase & Co. Andrea Choong - CIMB Research Tabitha Foo - DBS Bank Dominic Lim Good morning, ladies and gentlemen. Welcome to SGX Group's First Half FY 2023 Results Briefing. Today's agenda will be as follows: Fir ...

| --- | --- | |------------------------------------------------------------------------------|-------| | | | | | | | FY2022 Results | | | Analyst and Media Briefing | | | | | | Loh Boon Chye, Chief Executive Officer Ng Yao Loong, Chief Financial Officer | | | 18 August 2022 | | | Singapore Exchange | | Commodities | Equity Derivatives | Fixed Income | FX | Indices | Securities Forward Looking Statements This presentation may contain forward-looking statements that involve assumptions, risks and uncertaintie ...

Financial Data and Key Metrics Changes - Group revenue for the first half of FY 2022 was $522 million, comparable to the previous year, but underlying business revenue increased by 6% when excluding treasury income [2][3] - Group total expenses rose by 6% to $262 million, with underlying expenses increasing by 5% when excluding two subsidiaries [3][9] - Group NPAT (Net Profit After Tax) decreased by 9% to $219 million, while adjusted earnings fell by 3% to $222 million [3][18] Business Line Data and Key Metrics Changes - FICC (Fixed Income, Currencies, and Commodities) revenue increased by $15 million, now contributing 22% to group revenue, up 3 percentage points from a year ago [5] - Equity derivatives revenue rose by 19% to $132 million, while cash equities revenue declined due to weaker trading activity, with SDAV (Securities Daily Average Value) down 7% to just under $1.2 billion [7][8] - FX revenue saw a 46% increase in average daily value (ADV) to USD 57 billion, with exchange-traded currency futures volumes up by 6% [6][51] Market Data and Key Metrics Changes - The average clearing fee for equity, currency, and commodity derivatives increased by 19% to 150 [7] - The iron ore futures volume was up 17%, and freight volume surged by 90%, with market share increasing by 12 percentage points to over 17% [5][44] - The SGX FTSE China A50 contract remains the most liquid China futures contract, with open interest growing by more than 10% between October and December 2021 [36][38] Company Strategy and Development Direction - The company is focused on executing a multi-asset strategy, investing in growth, and expanding its addressable market through acquisitions and partnerships [2][22] - Recent acquisitions, including Scientific Beta, BidFX, and MaxxTrader, are aimed at enhancing technology and knowledge transfer, as well as expanding customer base [22][23] - The company plans to broaden its product offerings, including new thematic ETFs and access to emerging markets [31][41] Management's Comments on Operating Environment and Future Outlook - Management expects treasury income to recover as interest rates rise, although a lag effect is anticipated [13][99] - The company is optimistic about the growth of the offshore market and the potential for increased liquidity as market liberalization occurs in China [72] - Management highlighted the importance of maintaining a strong cash flow to support dividends and investments, with a focus on organic growth in key areas [94][96] Other Important Information - The Board declared a quarterly dividend of $0.08 per share, maintaining the total dividends for the first half of FY 2022 at $0.16 per share [26] - The company has made investments of about $1 billion over the last two years, leading to increased leverage levels but maintaining a healthy interest coverage ratio [21] Q&A Session Summary Question: Interest from Chinese homecoming companies listing on SGX - Management noted ongoing discussions and highlighted Singapore's neutral venue as an opportunity for attracting listings from Chinese companies [66] Question: Market share expectations for Hong Kong Exchange A50 futures - Management emphasized the importance of overall market growth and noted that SGX's open interest has grown by 10% [68][72] Question: Operational timeline for NSC Gift City Connect - Management indicated that the launch is expected this year, with ongoing regulatory discussions [74][77] Question: Revenue and expense contributions from recent acquisitions - Combined revenue from the two subsidiaries increased by 20% year-on-year, while expenses rose by 15%, indicating positive revenue growth [78] Question: Revenue implications from SPAC listings - Management stated that listing fees for SPACs are similar to regular IPOs, ranging from SGD 100,000 to 200,000, with additional revenue expected from business combinations [84][82]

SGX (OTCPK:SPXCF) Q4 2021 Earnings Conference Call August 5, 2021 9:00 PM ET Company Participants Loh Boon Chye - CEO Ng Yao Loong - CFO Conference Call Participants Gurpreet Singh Sahi - Goldman Sachs Nick Lord - Morgan Stanley Harsh - JPMorgan Operator Good morning, ladies and gentlemen. Welcome to the SGX FY 2021 results briefing. The agenda for this morning will be as follows. First the presentation of our financial highlights and performance by Ng Yao Loong, our CFO. This will be followed by business u ...

| --- | --- | |--------------------------------------------------------------------------------|-------| | | | | | | | FY2021 Results Analyst and Media Briefing (Virtual) | | | Loh Boon Chye, Chief Executive Officer Ng Yao Loong, Chief Financial Officer | | | 5 August 2021 | | | Singapore Exchange | | Forward Looking Statements This presentation may contain forward-looking statements that involve assumptions, risks and uncertainties. Statements in this presentation that are not historical facts are statemen ...