NZX Shareholder Metrics – March 2020

NZX Limited - Monthly Shareholder Metrics
March 2020
These shareholder metrics represent the key operations of NZX's business.
Core Markets
NZX Listed IssuersMar 2020Change YoYCapital RaisingMar 2020YTDChange YoY
Total equity securities131-3.0%Total capital raisings $444 m$1,597 m-49.9%
Total fund securities4521.6%
Total retail debt securities1372.2%New Capital Listed
Total wholesale debt securities5-Total capital listed by all issuers-$500 m-77.5%
Total other securities5-16.7%
Total listed securities3233.2%Equity listings---
Fund listings---
Retail debt listings-$500 m-75.7%
Total NZX Main Board equity issuers1296.6%Wholesale debt listings---
Total NZX Main Board fund issuers4521.6%
Total NZX Debt Market retail debt issuers510.0%Secondary Capital Raisings
Total NZX Debt Market wholesale debt issuers2-Total capital raised by all issuers$444 m$1,097 m13.8%
Total other issuers4-20.0%
Total unique issuers2002.0%Total equity raised - NZ issuers$44 m$80 m-82.3%
Total equity raised - dual or foreign issuer---100.0%
Total funds raised - NZ issuers$146 m$335 m151.6%
Market CapitalisationMar 2020Change YoY% of GDP
Total funds raised - dual or foreign issuer$43 m$256 m61.4%
Total market capitalisation$172,171 m-2.3%57.2%Total retail debt raised$211 m$426 m113.9%
Total wholesale debt raised---
All equity$131,695 m-7.3%43.8%
All funds$4,360 m8.2%1.4%
All other$6 m-5.9%0.0%Total number of secondary capital raising events190667131.6%
Total NZX Main Board$136,061 m-6.9%45.2%Equity issuers - capital raised < $10m29644.9%
Equity issuers - capital raised ≥ $10m < $100m12-33.3%
Retail debt$32,753 m8.1%10.9%Equity issuers - capital raised ≥ $100m---100.0%
Green bonds$900 m3.2%0.3%Fund issuers - capital raised156592171.6%
Wholesale debt$2,457 m-0.8%Retail debt issuers - capital raised49125.0%
Total NZX Debt Market$36,110 m15.2%12.0%Wholesale debt issuers - capital raised---
Cash MarketMar 2020Change YoYDerivativesMar 2020Change YoY
Total value traded$6,543 m67.9%Futures - total lots traded36,660-11.9%
Daily average value traded$297 m59.9%Options - total lots traded7,40070.9%
On-market value traded$4,127 m124.3%Total derivatives lots traded44,060-4.1%
% of value on-market63.1%33.6%Total derivatives lots traded - YTD108,83714.0%
Total trades1,151,662290.1%Open interest67,39016.0%
Daily average trades52,348272.4%Notional value traded ($USD)$151 m-17.6%
Options to futures ratio20.2%93.9%
Block trade %0.0%-
Total Equity Transactions
Total trades1,147,735292.5%
Derivatives Total Lots Traded 2018 / 2019 / 2020
Value traded$6,329 m68.2%
% of value on-market64.3%33.2%
Average on-market trade size$3,561-43.3%
Total Debt Transactions
Total trades3,92740.1%
Value traded $214 m48.2%
Cumulative Numbers - YTD
Number of trades2,219,171194.9%
Total value traded$13,453 m44.5%
% of value on-market58.4%21.6%

NZX Indices PerformanceMar 2020Change YoYClearing House / DepositoryMar 2020Change YoY
S&P/NZX 50 Index (Gross)9,797-0.5%Gross value of cleared trades over month$6,520 m67.0%
S&P/NZX 50 Index (Capital)4,161-3.6%Collateral held at month end$82 m276.5%
S&P/NZX 50 Portfolio Index5,660-7.3%Depository transactions7,861374.1%
S&P/NZX Primary Sector Index14,548-12.4%Assets under custody in depository$3,017 m279.8%
S&P/NZX NZ Fixed Interest Composite Index1254.8%Value of stock lent over month*--100.0%
S&P/NZX A-Grade Bond Index5,7384.2%
* Due to changes in custodian, NZX Clearing currently has no Participants offering lending
through its centralised clearing book. Smartshares is completing its own bilateral lending
programme.

Direct Data ProductsMar 2020Change YoYDairy Data SubscriptionsMar 2020Change YoY
Proprietary security subscription products*312-0.3%Dairy data subscriptions*495-8.7%
- products ≥ $3,000 p.a.*1090.0% - products ≥ $1,500 p.a. *116-12.8%
- products < $3,000 p.a.*203-0.5% - products < $1,500 p.a. *379-7.3%
* Proprietary security subscription products have been restated (including comparatives) to
exclude subscriptions relating to the FundSource business which was sold during June 2019
and to consolidate multi-user licences to reflect the parent subscription only.
* Dairy Data Subscriptions have been restated (including comparatives) to consolidate multi-
user licences to reflect the parent subscription only.
Wholesale DataMar 2020Change YoYEnergy ContractsMar 2020Change YoY
Terminal numbers - professional*6,079-2.9%Operating / Technology contracts176.3%
Terminal numbers - retail*1,49215.7%- contracts ≥ $500k p.a.40.0%
Licences - value ≥ $20k p.a.4316.2%- contracts < $500k p.a.138.3%
Licences - value < $20k p.a.8015.9%
* 3 month average
Fund Management
Total external funds under management$3,407 m6.7%
SuperLifeMar 2020Change YoY
Funds under management - KiwiSaver$881 m1.5%
Funds under management - other$1,367 m-1.1%
Total$2,248 m-0.1%
SmartsharesMar 2020Change YoY
Funds under management - external$1,159 m22.9%
Funds under management - SuperLife funds$1,882 m4.1%
Total$3,041 m10.6%
Units on issue1,279 m22.4%
Value of stock lent over month*226 m-
* Due to changes in custodian, Smartshares is no longer offering securities through the NZX Clearing centralised clearing book and is now lending
exclusively through its own stock lending programme.
Wealth Technologies
Funds under administration$2,186 m7.0%
Notes
1. All figures are measured at the end of the last trading day of each month unless otherwise stated.
Change refers to the change since the same period last year unless otherwise stated.

2. Equity market capitalisation includes all securities quoted on the NZX Main Board (NZSX).
With an overseas domiciled Issuer, the market capitalisation represents the amount that is held in New Zealand.

3. Market capitalisation for the NZX Debt Market is the total nominal (face) value of all listed securities, excluding New Zealand Government stock.

4. Funds include exchange traded funds, managed funds, listed investment companies and trusts.

5. "Other" securities include options, warrants and options quoted on the NZX Main Board (NZSX).

6. Please note these operational statistics are based on NZX’s internal records, which are unaudited.
Differences may arise between this data and that disclosed in subsequent audited financial statements.
Differences may also arise between this data and the previously reported data due to rounding and classification restatements.

To enquire about information listed on this sheet, or to find out more about NZX products or services, please email: data@nzx.com

1. All figures are measured at the end of the last trading day of each month unless otherwise stated.
Change refers to the change since the same period last year unless otherwise stated.

2. Equity market capitalisation includes all securities quoted on the NZX Main Board (NZSX).
With an overseas domiciled Issuer, the market capitalisation represents the amount that is held in New Zealand.

3. Market capitalisation for the NZX Debt Market is the total nominal (face) value of all listed securities, excluding New Zealand Government stock.

4. Funds include exchange traded funds, managed funds, listed investment companies and trusts.

5. "Other" securities include options, warrants and options quoted on the NZX Main Board (NZSX).

6. Please note these operational statistics are based on NZX’s internal records, which are unaudited.
Differences may arise between this data and that disclosed in subsequent audited financial statements.
Differences may also arise between this data and the previously reported data due to rounding and classification restatements.

To enquire about information listed on this sheet, or to find out more about NZX products or services, please email: data@nzx.com