NZX Revenue & Shareholder Metrics | NZ RegCo Metrics

NZX Listed Issuers30.06.22Change YoYCapital Listed and RaisedHY 2022Change YoY
Total equity securities133-0.7%Total capital listed and raised$9,372 m28.0%
Total fund securities492.1%
Total retail debt securities1453.6%New Capital Listed
Total wholesale debt securities912.5%Total capital listed by all issuers$4,226 m23.2%
Total other securities3-25.0%
Total listed securities3391.5%Equity listings$59 m-93.3%
Fund listings$7 mn/a
Retail debt Listings$3,360 m31.5%
Total NZX Main Board equity issuers1320.8%Wholesale debt listings$800 mn/a
Total NZX Main Board fund issuers492.1%
Total NZX Debt Market retail debt issuers48-5.9%Secondary Capital Raised
Total NZX Debt Market wholesale debt issuers2-Total capital raised by all issuers$5,146 m32.1%
Total other issuers3-25.0%
Total unique issuers2081.5%Total equity raised - NZ issuers$2,097 m106.0%
Total equity raised - dual or foreign issuer$4 m237.7%
Total funds raised - NZ issuers$556 m-50.1%
Market Capitalisation30.06.22Change YoY% of GDPTotal funds raised - dual or foreign issuer$339 m3.5%
Total market capitalisation$216,270 m-3.9%60.8%Total retail debt raised$1,739 m127.1%
Total wholesale debt raised$411 m-38.4%
All equity$161,091 m-10.0%45.3%
All funds$7,171 m1.7%2.0%
All other$2 m-93.3%-Total number of secondary capital raising events1,160-38.9%
Total NZX Main Board$168,264 m-9.6%47.3%Equity issuers - capital raised < $10m119-34.6%
Equity issuers - capital raised ≥ $10m < $100m1220.0%
Retail debt$34,694 m6.2%9.8%Equity issuers - capital raised ≥ $100m4100.0%
Green bonds$5,610 m74.0%1.6%Fund issuers - capital raised1,007-40.3%
Wholesale debt$7,702 m40.9%2.2%Retail debt issuers - capital raised176.3%
Total NZX Debt Market$48,006 m16.1%13.5%Wholesale debt issuers - capital raised1-
Cash MarketHY 2022Change YoYClearing House / DepositoryHY 2022Change YoY
Total value traded$20,813 m-23.3%Gross value of cleared trades$20,823 m-23.4%
Auction Value Traded$5,227 m-12.2%Assets under custody in depository at period end$5,704 m6.1%
On-market value traded$13,707 m-20.9%Depository uplifts53,132-0.8%
% of value on-market65.9%3.2%Settlement lines114,579-2.0%
Total trades7,075,326 -12.0%OTC trades40,283-12.2%
Daily average value traded$172 m-23.3%
Daily average trades58,474 -11.0%
DerivativesHY 2022Change YoY
Futures - total lots traded187,60247.0%
Options - total lots traded11,318-7.9%
Total Equity TransactionsTotal derivatives lots traded198,92042.1%
Total trades7,049,763 -12.1%Open interest as at period end103,94271.5%
Value traded $19,891 m-24.1%Notional value traded ($USD)$1,668 m88.3%
% of value on-market67.6%4.0%Options to futures ratio6.0%-37.4%
Average on-market trade size$1,901-10.9%Negotiated Large Trade (NLT) %*39.8%6533.3%
Total Debt TransactionsEnergy Contracts30.06.22Change YoY
Total trades25,563 13.1%Operating / Technology contracts18-
Value traded $923 m-1.2%- contracts ≥ $500k p.a.5-
- contracts < $500k p.a.13-
NZX Limited - Half Year Shareholder Metrics
HY 2022
These shareholder metrics represent the key operations of NZX's business.
Core Markets
*Following SGX-NZX partnership, block trades are now represented by SGX Negotiated Large
Trades

NZX Indices Performance30.06.22Change YoYWholesale Data30.06.22Change YoY
S&P/NZX50 Index (Gross)10,869-14.1%Terminal numbers - professional6,7312.0%
S&P/NZX 50 Index (Capital)4,385-16.4%Terminal numbers - retail1,678-15.2%
S&P/NZX 50 Portfolio Index7,020-12.9%Licences - value ≥ $20k p.a.6210.7%
S&P/NZX NZ Fixed Interest Composite Index115-8.4%Licences - value < $20k p.a.77-4.9%
S&P/NZX A-Grade Bond Index5,465-6.8%
Direct Data Products30.06.22Change YoYDairy Data Subscriptions30.06.22Change YoY
Proprietary security subscription products307-1.3%Dairy data subscriptions*447-3.7%
- products ≥ $3,000 p.a.107-2.7% - products ≥ $1,500 p.a. *105-3.7%
- products < $3,000 p.a.200-0.5% - products < $1,500 p.a. *342-3.7%
Smartshares
30.06.22Change YoY
Total external funds under management$7,553 m32.7%
Scheme FUM30.06.22Change YoY
SuperLife Kiwisaver$1,688 m27.9%
Workplace Savings Master Trusts$2,900 m100.5%
Smartshares Exchange Traded Funds - External$2,151 m-0.4%
Smartshares Exchange Traded Funds - Total (external and internal)$5,371 m7.1%
Other Metrics30.06.22Change YoY
Units on issue2,045 m23.7%
Value of stock lent over period$1,596 m4.4%
30.06.22Change YoY
Funds under administration$9,911 m28.2%
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 rights, 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
Wealth Technologies
Notes

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NZ RegCo – Quarterly Regulation Metrics
Q2 2022
These Regulation Metrics represent the key features of NZ RegCo’s activities in regulating NZX’s
markets. The metrics focus on key activities so as to provide transparency and a means of comparison
across periods.

ISSUERS – KEY METRICS

Q2 2021 Q2 2022
Total announcements released
4803 4796
Trading halts at request of Issuer or NZ RegCo¹
12 15
Documents approved and waivers² granted to Issuers
14 19
Complaints received concerning Issuers
0 3
Price enquiries concerning Issuers
3 1
Investigations³ begun in relation to Issuers
9 6
Investigations ongoing at the end of the quarter/period in relation to Issuers
5 2


PARTICIPANTS – KEY METRICS

Waivers², Exemptions and Rulings granted to Participants
14 10
Inspections commenced
4 5
Complaints received concerning Participants
2 0
Investigations³ begun in relation to Participants
24 12
Investigations ongoing at the end of the quarter/period in relation to
Participants
17 12


NOTES
The metrics are derived from NZX’s internal records.
1. Trading halts imposed routinely, for example on release of price-sensitive information or in the
context of corporate actions are excluded.
2. Details of waivers granted by NZX are released to the Market, and available on https://nzx.com/ and
through i-search except where the decisions are confidential.
3. NZX will commence an investigation when it identifies a possible breach of rules.

NZX Limited – Quarterly Policy Update
Q2 2022
This section outlines the key NZX rules and policy activity over the preceding quarter.
NZX RULES AND POLICY
Corporate Governance Code Review
NZX has competed its first round of consultation on the review of the NZX Corporate Governance Code and the
establishment of the NZ Corporate Governance Institute. NZX received significant feedback through both written
and oral submissions across the full spectrum of the market eco-system. NZX has since considered the
submissions received and undertaken additional research to develop a suite of proposals for the second round of
consultation.
The second round of consultation will include an exposure draft of amendments to the Corporate Governance
Code and the ESG Guidance Note, and will be supported by a program of workshops designed to inform our
consideration of the more detailed recommendations. NZX Policy is currently in the process of finalising the
consultation documents in anticipation of commencing the second round of consultation by the end of July 2022.
Capital Raising Review
NZX is conducting a review of the capital raising settings in the Listing Rules following the temporary relief from the
Listing Rule requirements granted to listed companies raising capital during the initial Covid period. The objective
of this review is to ensure that NZX’s rules facilitate current transaction structures with necessary shareholder
protections and ensure that NZX’s rule settings reflect international developments in quoted product design and
primary and secondary capital raisings. NZX is also seeking preliminary feedback on whether to enable additional
pathways to the listed market in New Zealand. NZX Policy is in the process of finalising the consultation
documents and intends to formally consult on the proposed capital raising settings via an exposure draft of the
proposed rule amendments in Q3 2022.
NZMDT Rules and Procedures Amendments
NZX consulted on the proposed amendments to the NZMDT Rules and Procedures in relation to (i) Tribunal
composition, (ii) appeals, and (iii) penalty provisions of the Rules. NZX Policy considered the matters raised in the
submissions in consultation with NZ RegCo, and has provided the FMA with an application for approval of the
proposed amendments to the NZMDT Rules and Procedures. An announcement regarding the Rule amendments
will be made later in Q3, once the FMA has completed its review of the proposed changes.
Related Party and Major Transactions Guidance Note
NZX has conducted a review of the Related Party and Major Transactions Guidance Note, in consultation with NZ
RegCo. The objective of this review is to clarify the operation of the relevant Listing Rules and provide guidance in
relation to current market practices. NZX Policy and NZ RegCo are in the process of finalising the consultation
documents and intend to formally consult on the proposed changes to the Guidance Note in Q3 2022.