NZX Full Year 2022 Shareholder & NZ RegCo Qrtly Metrics

NZX Listed Issuers31/12/2022Change YoYCapital Listed and RaisedFY 2022Change YoY
Total equity securities133-2.9%Total capital listed and raised$20,889 m5.7%
Total fund securities492.1%
Total retail debt securities1452.8%New Capital Listed
Total wholesale debt securities912.5%Total capital listed by all issuers$7,730 m-28.1%
Total other securities2-33.3%
Total listed securities3380.3%Equity listings$138 m-97.0%
Fund listings$7 mn/a
Retail debt Listings$6,785 m10.7%
Total NZX Main Board equity issuers132-2.9%Wholesale debt listings$800 mn/a
Total NZX Main Board fund issuers492.1%
Total NZX Debt Market retail debt issuers506.4%Secondary Capital Raised
Total NZX Debt Market wholesale debt issuers2-Total capital raised by all issuers$13,159 m45.9%
Total other issuers2-33.3%
Total unique issuers2090.5%Total equity raised - NZ issuers$2,954 m-15.5%
Total equity raised - dual or foreign issuer$4,532 m4096.6%
Total funds raised - NZ issuers$1,255 m-49.8%
Market Capitalisation31/12/2022Change YoY% of GDPTotal funds raised - dual or foreign issuer$659 m47.3%
Total market capitalisation$216,368 m-6.0%57.9%Total retail debt raised$3,348 m85.9%
Total wholesale debt raised$411 m-38.4%
All equity$155,943 m-14.4%41.7%
All funds$7,536 m-5.8%2.0%
All other$1 m-93.2%-Total number of secondary capital raising events*2,219-37.5%
Total NZX Main Board$163,480 m-14.1%43.7%Equity issuers - capital raised < $10m274-39.4%
Equity issuers - capital raised ≥ $10m < $100m25-32.4%
Retail debt$39,129 m12.8%10.5%Equity issuers - capital raised ≥ $100m1137.5%
Green bonds$5,710 m56.4%1.5%Fund issuers - capital raised1,873-38.0%
Wholesale debt$8,049 m32.7%2.2%Retail debt issuers - capital raised35-
Total NZX Debt Market$52,888 m19.1%14.2%Wholesale debt issuers - capital raised1-
Clearing House / DepositoryFY 2022Change YoY
Gross value of cleared trades over year$37,294 m-28.9%
Cash MarketFY 2022Change YoYAssets under custody in depository at period end$6,321 m-0.6%
Total value traded$37,438 m-28.6%Depository Uplifts105,372 -7.1%
Auction value traded$9,048 m-19.0%Settlement Lines231,910 -3.6%
On-market value traded$23,892 m-26.6%OTC Trades79,707 -13.5%
% of value on-market63.8%2.7%
Total trades11,681,418 -24.3%
Daily average value traded$151 m-27.7%DerivativesFY 2022Change YoY
Daily average trades47,102 -23.4%Futures - total lots traded401,66841.1%
Options - total lots traded26,50524.2%
Total derivatives lots traded428,17340.0%
Total Equity TransactionsOpen interest62,241-8.1%
Total trades11,624,405 -24.4%Notional value traded ($USD)$3,254 m71.4%
Value traded $35,138 m-30.5%Options to futures ratio6.6%-12.1%
% of value on-market66.3%4.7%Negotiated Large Trade (NLT) %*33.2%n/a
Average on-market trade size$2,008-3.7%
Total Debt TransactionsEnergy and Environment Contracts31/12/2022Change YoY
Total trades57,013 21.5%Operating / Technology contracts17-5.6%
Value traded $2,300 m22.6%- contracts ≥ $500k p.a.4-20.0%
- contracts < $500k p.a.13-
*Following SGX-NZX partnership, block trades are now represented by SGX Negotiated
Large Trades
NZX Limited - Full Year Shareholder Metrics
FY 2022
These shareholder metrics represent the key operations of NZX's business.
Markets

NZX Indices Performance31/12/2022Change YoYWholesale Data31/12/2022Change YoY
S&P/NZX 50 Index (Gross)11,473-12.0%Terminal numbers - professional6,691-2.6%
S&P/NZX 50 Index (Capital)4,555-14.5%Terminal numbers - retail1,304-28.4%
S&P/NZX 50 Portfolio Index7,288-12.0%Licences - value ≥ $20k pa636.8%
S&P/NZX NZ Fixed Interest Composite Index113-6.9%Licences - value < $20k pa836.4%
S&P/NZX A-Grade Bond Index5,418-5.1%
Direct Data Products31/12/2022Change YoYDairy Data Subscriptions31/12/2022Change YoY
Proprietary security subscription products308-0.3%Dairy data subscriptions439-1.3%
- products ≥ $3,000 p.a104-5.5% - products ≥ $1,500 p.a.105-0.9%
- products < $3,000 p.a.2042.5% - products < $1,500 p.a.334-1.5%
31/12/2022Change YoY
Total external funds under management$8,264 m26.4%
Scheme FUM31/12/2022Change YoY
SuperLife Kiwisaver$1,789 m-2.7%
Workplace Savings Master Trusts$2,869 m96.8%
Smartshares Exchange Traded Funds - External$2,261 m-3.4%
Smartshares Exchange Traded Funds - Total (external and internal)$5,800 m-1.5%
Other Metrics31/12/2022Change YoY
Units on issue$2,202 m12.4%
Value of stock lent over year$2,668 m-12.6%
Funds under administration $9,958 m-9.7%
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
Smartshares
Wealth Technologies
Notes

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NZ RegCo – Quarterly Regulation Metrics
Q4 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

Q4 2021 Q4 2022
Total announcements released
5,307 5,058
Trading halts at request of Issuer or NZ RegCo¹
15 10
Documents approved and waivers² granted to Issuers
27 15
Complaints received concerning Issuers
1 2
Price enquiries concerning Issuers
1 1
Investigations³ begun in relation to Issuers
3 7
Investigations ongoing at the end of the quarter/period in relation to Issuers
4 3




Waivers², Exemptions and Rulings granted to Participants
16 11
Inspections commenced
2 2
Complaints received concerning Participants
0 0
Investigations³ begun in relation to Participants
9 8
Investigations ongoing at the end of the quarter/period in relation to
Participants
2 4


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
Q4 2022
This section outlines the key NZX rules and policy activity over the preceding quarter.
NZX RULES AND POLICY
Corporate Governance Code and ESG Guidance Note review
The second phase of consultation on the Corporate Governance Code, and consultation on the
review of the ESG Guidance Note both closed in late September. NZX would like to thank those who
have attended our workshops and provided submissions.
We have since released the consultation response paper to the Corporate Governance Code which
is available for review on our website, linked here. We intend to release an exposure draft of the
amendments to both the Code and ESG guidance note in Q1 of 2023.
Capital Raisings review
NZX’s consultation relating to the review of the capital raising settings contained in the Listing Rules
concluded in early September 2022. NZX received extensive engagement from submitters in relation
to this review, and we would like to thank those who submitted for their time and efforts in
participating in our consultation process. NZX is currently considering submission feedback with a
view to publishing a consultation response paper in Q1 2023.
Major and Related Party Transactions Guidance Note
NZX has commenced consultation on its review of the Major and Related Party Transactions
Guidance Note. As the Guidance Note has not undergone a holistic review since its last update in
2018, NZX has collaborated with NZ RegCo in designing amendments to the Guidance Note to
ensure that it appropriately reflects current market practices, and provides context to the
interpretation and application of the Rules.
The consultation paper and exposure draft of the proposed amendments to the Guidance Note are
available on our website, linked here. We invite interested parties to provide their views on the
proposed amendments by emailing a written submission to policy@nzx.com. Please note that the
final date for submissions is Friday, 24 February 2023.