45 th IAFEI World Congress

Transcription

1 45 th IAFEI World Congress Raffaele Jerusalmi CEO Borsa Italiana Director Capital Markets LSEG Milan, 15 October 2015

2 # of Companies* By # of Companies LONDON STOCK EXCHANGE HUB OF INTERNATIONAL BUSINESSES Cross Border Listings on International Exchanges SGX 10% HKSE 2% NASDAQ 21% LSEG 43% NYSE 24% ,536 More international companies choose London for listing than any other exchange. Over 40% of all major exchange listed international companies are listed on LSE. Tried and tested market expertise, developed financing infrastructure and internationallyminded investor community ,074 2,010 1, LSEG NYSE NASDAQ SGX HKSE Domestic International Source: Bloomberg * International classification based on country of domicile

3 LONDON STOCK EXCHANGE ACCESS TO GLOBAL COMMUNITY Number of Companies Our issuers operate in more than 115 different countries across the world Source: London Stock Exchange statistics. Based on country of primary business.

4 LONDON STOCK EXCHANGE CONNECTS INVESTORS AROUND THE WORLD Selected Major Institutional Investors in London Listed Equities Americas Capital Research Vanguard SSgA Funds Fidelity Blackrock Thornburg Investment Artisan Partners Alliance Bernstein T. Rowe Price Caisse de dépôt et placement du Québec Itau Unibanco Brazil Europe Blackrock Legal & General Scottish Widows Invesco M&G Standard Life AXA Societe Generale Alecta Pension DWS Investment Swedbank Robur Allianz Global Investors BNP Paribas Union Investment Privatfonds GMBH Norges Bank Africa and Middle East QIA P.I.C South Africa Kuwait Investment Authority Investec ABC Islamic Bank Abu Dhabi Investment Authority Asia Pacific State Administration of Foreign Exchange (China) GIC BNY Mellon Hong Kong Blackrock Japan Mitsubishi UFJ Trust Sumitomo Mitsui Aberdeen Asset Management Asia Hang Seng Investment London trading hours GMT Source: Factset

5 BORSA ITALIANA: KEY FIGURES N. of Italian listed companies 308 N. of domestic non financial co s 238 N. of domestic non fin. SMEs 173 which SMEs N. of Closed-End Funds Bn FINANCIALS 35% CONSUMER GOODS 15% UTILITIES 14% INDUSTRIALS 13% OIL & GAS 11% TELECOMMUNICATIONS 4% CONSUMER SERVICES 3% BASIC MATERIALS 2% HEALTH CARE 2% TECHNOLOGY 1% N. 93 Breakdown by market capitalisation ranges 73 co s over 1Bn Index N. Mkt Cap ( Bn) FTSE MIB FTSE Italia STAR FTSE AIM Italia Mkt Cap ranges Data in M Italian companies only, not suspended. Data as of August Source: Borsa Italiana, MA, PMK, August 2015

6 LEADER IN TURNOVER VELOCITY A WIDE AND DIVERSIFIED SHAREHOLDERS BASE The highest turnover velocity among major exchanges in the latest ten years A stable wide and diversified institutional shareholders base Jan - Jun 2015 Borsa Italiana Spanish Exchanges (BME) Deutsche Börse NYSE SIX Swiss Exchange HKEx Euronext NASDAQ OMX Nordic CEESEG - Budapest 56 from Canada 426 from USA & Bermuda 166 from UK 612 from Cont. Europe (ex Italy) 67 from North. Europe 9 from Africa 8 Middle East 56 from Asia 15 from Pacific regions Oslo Bors Athens Exchange 0% 50% 100% 150% 200% Steadily more liquid than competitors, also thanks to an active retail base, representing ~ 25-30% of the total turnover. Over 7,000 funds and almost 1,400 investment firms from all continents invest in FTSE MIB companies Source: WFE for TV, FactSet for shareholders base data - May 2015

7 A STRONG IPO MOMENTUM In the last 2 years: 44 IPOs, 36 further capital increase deals Privatisations, Large Corporates, Spin-off and SMEs deals will animate the market

8 ELITE

9 WHAT IS ELITE? ELITE is a platform to facilitate long-term structured engagement between Europe s most ambitious growing businesses, industry experts and the corporate advisory and investor communities. The programme helps high-growth, private companies prepare and structure for external investment and the next stage of growth.

10 ELITE COMPANIES AT A GLANCE 17 COUNTRIES 271 COMPANIES Basic Materials Consumer Goods 14 companies 54 companies 25 bn AGGREGATE REVENUE 30 + SECTORS EMPLOYEES Consumer Services Financials 32 companies 4 companies Health Care Industrials 14 companies 90 companies Oil & Gas Technology 3 companies 44 companies Telecommunications Utilities 8 companies 8 companies In June 2015 we have announced a collaboration agreement with Casablanca Stock Exchange to build an efficient ecosystem to support the financing of Moroccan and North and West African SMEs

11 ELITE ACCELLERATES CULTURAL CHANGES AND ACCESS TO CAPITAL Since joining ELITE companies have accelerated their growth plans and gained access to funding opportunities Companies have completed a deal with a Private Equity firm Companies publicly announced an IPO in the short - medium term: 4 company listed on a public market Companies issued a bond raising over 350 m M&A / JV deals completed by ELITE companies 250 Mln Euro raised by state owned institutions 40 Listed companies play as mentor for ELITE companies

12 This publication contains text, data, graphics, photographs, illustrations, artwork, names, logos, trade marks, service marks and information ( Information ) connected with London Stock Exchange Group ( LSEG ). LSEG attempts to ensure Information is accurate, however Information is provided AS IS and on an AS AVAILABLE basis and may not be accurate or up to date. Information in this publication may or may not have been prepared by LSEG but is made available without responsibility on the part of LSEG. LSEG does not guarantee the accuracy, timeliness, completeness, performance or fitness for a particular purpose of the publication or any of the Information. No responsibility is accepted by or on behalf of LSEG for any errors, omissions, or inaccurate Information in this publication. No action should be taken or omitted to be taken in reliance upon Information in this publication. We accept no liability for the results of any action taken on the basis of the Information. The publication of this document does not represent solicitation, by LSEG, of public saving and is not to be considered as a recommendation by LSEG as to the suitability of the investment, if any, herein described. This document is not to be considered complete and is meant for information and discussion purposes only. LSEG accepts no liability, arising, without limitation to the generality of the foregoing, from inaccuracies and/or mistakes, for decisions and/or actions taken by any party based on this document. ELITE trademark and any other trademark owned by LSEG cannot be used without express written consent by LSEG having the ownership on the same.