News

News

ASX Limited (ASX) has entered into an underwriting agreement to sell its 18.6% shareholding in IRESS Limited (IRESS) (Sale). The Sale has been fully underwritten at a fixed price of $11.95 per share and is expected to realise gross proceeds of $385 million.

Dominic Stevens, ASX's Managing Director and CEO, said: "IRESS has been an attractive investment for ASX over many years. But we believe now is the right time to divest as it no longer provides the strategic value to ASX that it once did. ASX is focused on a multi-layered growth strategy built upon our position as an independent and reliable operator of financial market infrastructure.

ASXtosellentireinvestmentinIRESS.pdf

 Strong result amid market volatility – statutory NPAT up 6.8% to $246.1m

 Continued growth in earnings per share – statutory EPS up 6.7% to 127.1 cents

 On a like-for-like accounting basis NPAT1 up 10.2% and EPS up 10.1%

 Solid performance in all major businesses and increased interest income drove higher shareholder returns – interim dividend up 6.7% to 114.4 cents per share

 Investing in technology, risk management and operational infrastructure to strengthen foundations and create opportunities for growth that leverage ASX's core competencies

ASX1HY19ResultsMediaRelease.pdf

• 6 th consecutive first-half increases in NPAT and DPS

• Solid growth in all businesses driven by market activity and initiatives

• Enhanced enterprise risk management practices and policies

• Technology upgrades on-track

ASX2019HalfYearResultsPresentation.pdf

The directors present their report together with the financial statements of ASX Limited (ASX or the Company) and its subsidiaries (together referred to as the Group), for the half-year ended 31 December 2018 and the auditor's report thereon. The financial statements have been reviewed and approved by the directors on the recommendation of the ASX Audit and Risk Committee

ASX1HY19Appendix4DFinStatements.pdf

First half revenue has increased to $424.7 million, a rise on the prior comparative period (pcp) of $26 million. This equates to an increase of 6.5% on a like-for-like basis with a new accounting standard that took effect this financial year, and up 3.8% on a statutory basis, which is particularly pleasing given the pcp was a record half.

Expenses for the half were broadly on track with guidance, up $9 million to $105.2 million, which is an increase of 9.4%. As discussed at the 2018 full-year results, ASX is strengthening its foundations in risk management, technology and operations. I will talk about the significant progress we've made in a moment.

Notwithstanding this investment in resilience, ASX's EBITDA is up $17 million to $319.5 million, a rise of 5.6% on a likefor-like accounting basis and 2.1% on a statutory basis. Our EBITDA margin remains at 75% for the half.

ASX2019HalfYearResultsPresentationSpeakingNotes.pdf

ASX is scheduled to announce its financial results for the half-year ended 31 December 2018 on Thursday, 14 February 2019. After the results have been announced,

2019-half-year-financial-results-webcast-details-and-key-dates.pdf

Attached is a copy of the ASX Group Monthly Activity Report for December 2018.

asx-group-monthly-activity-report-december2018.pdf

Trading – Cash Markets (including equities, interest rate and warrant trades)

• In November 2018, the average daily number of trades was 17% higher than the pcp. The average daily valuetraded on-market of $4.7 billion was up 11% on the pcp.

• Volatility (as measured by the average daily movement in the All Ordinaries Index) was 0.6% in November down on the previous month 0.7%.

• Expected future volatility (as measured by the S&P/ASX 200 VIX) in November was an average of 16.2 (compared to 16.4 in October)

5dec-asx-group-monthly-activity-report-november2018.pdf

Trading – Cash Markets (including equities, interest rate and warrant trades)

* In October 2018, the average daily number of trades was 22% higher than the pcp. The average daily value traded
on-market of $4.6 billion was up 25% on the pcp.
* Volatility (as measured by the average daily movement in the All Ordinaries Index) was 0.7% in October up on the
previous month (0.4%).
* Expected future volatility (as measured by the S&P/ASX 200 VIX) in October was an average of 16.4 (compared to
12.4 in September).5nov-asx-group-monthly-activity-report-october2018.pdf

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