SINGAPORE EXCHANGE LIMITED Twenty-Fourth
Annual General Meeting
5 October 2023
Singapore Exchange
Commodities | Equity Derivatives | Fixed Income | FX | Indices | Securities
Annual General Meeting
Koh Boon Hwee
Chairman, SGX Group
2
Annual General Meeting
Ng Yao Loong
Chief Financial Officer, SGX Group
3
FY2023 Highlights
Resilient growth in a challenging macroeconomic environment
Group Revenue & Expenses
8.7% | 7.7% |
1,099 1,194
562 605
Revenue Expenses
FY2022 | FY2023 | |
Group NPAT1
26.5% | 10.3% |
451 | 571 | 456 | 503 | |||
Reported | Adjusted2 | |||||
FY2022 | FY2023 | |||||
Group Margins (%)
0.5% pts | 0.6% pts |
48.9 | 49.4 | 41.5 | 42.1 |
Op. Profit Margin | Adj. NPAT Margin | ||||
FY2022 | FY2023 | ||||
- NPAT relates to 'Net profit attributable to equity holders of the Company'.
-
Adjusted NPAT excludes certain non-cash and non-recurring items that have less bearing on SGX's operating performance. Hence, they better reflect the group's underlying performance.
Adjusted figures are non-SFRS(I) measures. Please refer to Section 8 of our financial results for reconciliations between the adjusted and their equivalent measures.
Note: All figures in $ millions unless otherwise stated and may be subject to rounding 4
FY2023 Highlights
Diversified Revenue Streams | Strong Derivatives1 Performance |
Total Derivatives Vol ('M contracts) | |||||
& Average Fee per contract | |||||
12% | |||||
28% | $1.51 | $1.61 | |||
FY2023 | 29% | 248 | 251 | ||
Currencies | |||||
Commodities | |||||
31% | |||||
EQD | |||||
FICC | DCI | EQC | EQD | ||
FY2022 | FY2023 |
FICC Growth Drivers
Commodities DAV2 | Combined ADV3 of |
('000) | IRFX & OTC FX4 |
(US$'B) |
15… | |
160 | 14… |
85 | |
77 | |
118 | |
FY2022 | FY2023 |
- Derivatives revenue includes Equities Derivatives, Currencies and Commodities futures and options trading and clearing revenue and associated treasury income
- Daily average volume
- Average daily volume
- OTC FX comprise BidFX, MaxxTrader and SGX CurrencyNode in 2H FY2022 and FY2023, but only BidFX and SGX CurrencyNode for 1H FY2022 as MaxxTrader was acquired in January 2022.
Note: All figures are subject to rounding
5
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Disclaimer
SGX - Singapore Exchange Limited published this content on 05 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 October 2023 08:04:02 UTC.
