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Bursa Malaysia Berhad
Q3 2006 Results
YusliYusli MohamedMohamed YusoffYusoff,, CEOCEO
31 October 200631 October 2006
2
PerformancePerformance
ReviewReview
3
Financial PerformanceFinancial Performance
3Q06 3Q05 9M06 9M05
Operating revenue 59.1 48.4 22% 186.9 148.0 26%
Operating expenses 31.3 33.7 -7% 95.1 98.1 -3%
Operating EBITDA 27.8 14.7 89% 91.8 49.9 84%
Depreciation and
amortisation 3.9 3.5 11% 11.5 9.8 17%
Other income 9.0 15.8 -43% 30.3 52.3 -42%
PBT 32.8 26.9 22% 110.1 92.2 19%
Taxation 7.7 5.7 35% 29.8 26.8 11%
Net profit attributable to
equity holders of the Parent 25.1 19.6 28% 79.5 62.4 27%
ROE (annualised) % 11.3 6.2 82% 12.0 6.1 97%
EPS (sen) 4.9 3.9 26% 15.4 13.1 18%
(%)Quarterly 9 MonthsKey results
(RM mil) (%)
Note : Comparatives have been restated to reflect PYA relating to share-based payment under the ESOS
4
Operating RevenueOperating Revenue
YT-Sep 05 : RM148.0 mil YT-Sept 06 : RM186.9 mil
30%
12%
56%
2%
39%
10%
49%
2%
Trading revenue
(Equities)
RM72.2 mil
Stable income
RM57.4 mil
Other operating
Revenue*
RM3.2 mil
Trading revenue
(Derivatives)
RM15.2 mil
Trading revenue
(Equities)
RM103.5 mil
Stable income
RM56.5 mil
Other operating
Revenue*
RM4.0 mil
Trading revenue
(Derivatives)
RM22.9 mil
Note : * Comprised mainly of perusal and processing fees
5
Operating Revenue (Operating Revenue (QoQQoQ))
19.2 19.0
1.0
1.1
29.6 (50%)22.6 (47%)
9.4 (16%)
5.5 (11%)
Q305 Q306Stable Income Trading Revenue (Equity)Trading Revenue (Derivatives) Others
Note:
1. Stable income = Information Services + Listing Fees + Depository Services + Participants’ Subscription Fees +
Broker Services
2. Others = perusal and processing fees
48.348.3 59.159.1
RM Mil
28.1 mil
58%
40%
39.0 mil
66%
32%
Our positive results
were driven by the
more buoyant equity
market as a result of
improved investor
sentiment and a fresh
interest in the
derivatives markets, in
particular the CPO, KLI
and KLIBOR futures
6
Information services Depository services
Listing fees Broker services
Participants' subscription fees
RM9.6 mil17%
YT-Sept 05 : RM57.4 mil
Stable IncomeStable Income
YT-Sept 06 : RM56.5 mil
RM14.3 mil25%
RM19.8 mil35%
RM14.5 mil25%
RM2.7 mil5%
RM11.6 mil21%
RM8.1 mil14%
RM2.5 mil4%
RM10.9 mil19%
RM19.9 mil35%
7
Breakdown of Stable Income (Breakdown of Stable Income (QoQQoQ))
0.7 0.9
2.8 2.9
3.7 3.8
4.8 4.9
6.57.2
Q305 Q306
Participants' Subscription Listing FeeBroker Services Information ServicesDepository
19.219.2 19.019.0
RM Mil
8
Total Operating ExpensesTotal Operating Expenses
YT Sept 06 – RM106.6milYT Sept 05 – RM107.9mil
10%
9%
52%
23%
6%
Staff cost
RM56.0 mil
Depreciation & Amortisation
RM9.8 mil
Otheroperatingexpenses*
RM24.7 mil
Staff cost
RM55.8 mil
IT maintenance
RM11.1 mil
Buildingmaintenance
RM6.3 mil
12%
11%
52%
19%
6%
Staff cost
RM55.8 mil
Depreciation & Amortisation
RM11.5 mil
Otheroperatingexpenses*
RM20.3 mil
IT maintenance
RM12.9 mil
Buildingmaintenance
RM6.1 mil
Other operating expenses = market promotion, legal, audit and professional fees etc.
9
Total Operating Expenses (Total Operating Expenses (QoQQoQ))
19.2
4.5 3.9
3.5 3.9
2.0 2.2
8.5 6.0
18.7
Q305 Q306
Manpower IT Maintenance
Depreciation & Amortisation Building Maintenance
Others
37.237.2 35.235.2
Others = market promotion, legal, audit and professional fees etc.
RM Mil
10
Key RatiosKey Ratios(Quarterly analysis)(Quarterly analysis)
59%
54%
47%
37%
71%
71%
77%
82%
49%
64%
55%
61%
48%
52% 53% 50%
37%
37%
28%32%
56%
42%
33%
30% 31%
26%
41%
31%
Q105 Q205 Q305 Q405 Q106 Q206 Q306
Operating Cost / Operating Revenue
Stable Income / Total Operating Expenses
Operating EBITDA margin
Net profit margin
Note: Stable income = Information Services + Listing Fees + Depository Services + Participants’ Subscription
Fees + Broker Services
11
Gross Dividend Per ShareGross Dividend Per Share
28 sen*
12.5 sen
10 sen 10 sen
1H FY2005 2H FY2005 1H FY2006 3Q FY2006
Gross Dividend / Share
* The special dividend is
part of Bursa Malaysia’s
capital management plan
and is aimed at creating
value to shareholders by
enabling them to utilise the
company’s excess cash for
their respective investment
needs
12
We are generating value for our shareholdersWe are generating value for our shareholders
0
1
2
3
4
5
6
7
8
Jan-06 Feb-06 Mar-06 Apr-06 May-06 Jun-06 Jul-06 Aug-06 Sep-06 Oct-06
0
1000000
2000000
3000000
4000000
5000000
6000000
7000000
8000000
9000000
10000000
Da
ily
Vo
lum
e(M
illi
on
Un
it)
Volume Price
Pri
ce (
RM
)P
rice (
RM
)
Assumption: Based on IPO price of RM3.00 and last done price on 27th October 2006 of RM6.00
Total ShareholdersTotal Shareholders’’
Return = 135%Return = 135%
(Capital Gain + Dividend(Capital Gain + Dividend
+ Capital Repayment)+ Capital Repayment)
100% increase in share100% increase in share
price since listingprice since listing
64% increase in share64% increase in share
price in YTD 2006price in YTD 2006
13
Appendix :Appendix :
Market StatisticsMarket Statistics
14
Increased Listings & Market ValuationIncreased Listings & Market Valuation
M a r k e t Va l ua t i on & Li st e d Compa ni e s
375
553
444465
482
640
722695
745
10 2 710 2 19 6 3
9 0 6
73 6758
79 8 8 168 6 5
300
400
500
600
700
800
1998 1999 2000 2001 2002 2003 2004 2005 YT-Sept 2006
300
400
500
600
700
800
900
1000
1100
1200
Market Valuation Total Listed Cos
Mark
et
Va
luati
on
(R
Mb
)
Nu
mb
er
of
Co
mp
an
ies
Funds mobilised (primary and secondary markets) YT Sept06 = RM1.8b, 2005 = RM8.9b
15
New listingsNew listingsRate of new listings decreased due to tightening of entry criterRate of new listings decreased due to tightening of entry criteriaia
Number of New Listings
6
1012
6
22
16 15 16
5
26
14
22
26
17
7
0 1 2 1
31
1922
11
22
8
20
46
31
22
2821
40
52
58
72
79
0
10
20
30
40
50
60
70
80
90
1998 1999 2000 2001 2002 2003 2004 2005 YT-Sept
2006
Main Board Second Board MESDAQ Market Total New Listings
16
Increased VelocityIncreased Velocity
Daily Average Volume, Value and Velocity
225254
505 495 481
394
534
839
1019
830814
983
19%
25%
32%33%
32%
25%
0
100
200
300
400
500
600
700
800
900
1000
1100
1200
2001 2002 2003 2004 2005 YT-Sept 2006
Daily A
vera
ge V
ol &
Val (m
illion)
0%
5%
10%
15%
20%
25%
30%
35%
Velo
city
Daily Average Volume (million units) Daily Average Value (million RM) YTD Velocity
17
Foreign Investors Continue to ParticipateForeign Investors Continue to Participate
73%
27%
83%
17%
78%
22%
71%
29%
68%
32%
76%
24%
69%
31%
63%
37%
65%
35%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
1998 1999 2000 2001 2002 2003 2004 2005 YT-Sept
2006
Proportion of Local & Foreign Trading Participation 1998 to YT-Sept 2006
Local Investors Foreign Investors
18
Retail Trading Participation Has ImprovedRetail Trading Participation Has Improved
Breakdown of trading (by value)
1998 to YT-Sept 2006
49%59% 54%
43% 40%50%
43%
29%36%
43%35% 40%
51% 54%45% 53%
71%63%
9% 6% 6% 6% 6% 5%3%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
1998 1999 2000 2001 2002 2003 2004 2005 YT-Sept
2006Retail Institutions Others
“Others”- refers to trades conducted for accounts not belonging to individuals/ institutions. Definitions of investors’ type
clarified in 2004, hence reducing the type of investor falling under “others” category.
19
Improved Activity in DerivativesImproved Activity in Derivatives
Derivatives Market
19
,10
4
14
,50
0
11
,70
3
9,5
78
9,8
23
9,5
42
10
,93
9162,628
128,000
105,500
84,00092,00081,800
93,600
0
5,000
10,000
15,000
20,000
25,000
Q105 Q205 Q305 Q405 Q106 Q206 Q306
Year
Vo
lum
e
0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
160,000
180,000
Op
en
Po
sit
ion
Daily AverageVolume Open Position
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