JSE : FY2022 Results Presentation Final

JSE Limited

Annual Results Presentation

9 March 2023

2022

©Johannesburg Stock Exchange.

Key highlights

3-10

Financial review

11-18

Conclusion19-21

Appendix22-37

©Johannesburg Stock Exchange.	2

Key highlights

©Johannesburg Stock Exchange.	3

FY 2022 key highlights

Diversified revenue growth, with non-trading Group revenue of 25%; 40% growth in net finance income

Cost growth reflects operating environment pressures across the board, including electricity and building utilities (e.g., diesel)

Continued strong cash generation alongside increased investing activities

Ordinary dividend of 769 cents per share for the year

Operational resilience (99.9%) above long-term average of 99.83%

Quality earnings underpinned by strategic delivery and innovation

R2.7bn

Operating

revenue

+5% YoY

R978m

Cash generated from operations +7% YOY

R1.9bn

Operating

expenses

+7.5% YoY

R749m

NPAT

+4% YoY

4

Diversified market structure and segments support performance

All Share index hits record high

and ends the year ahead of

major markets

Lower volatility in H2 vs H1, although structurally higher than the previous 5 years

South Africa's weighting within FTSE emerging markets index moved from 3.88% (31 Dec 2021) to 4.20% (31 Dec 2022)

Moderation in net foreign outflows in equity market with continued net inflows in bond

market

Global Indices FY 2022 Performance
10%
5%
0%
-5%
-10%
-15%
-20%
-25%
-30%
-35%
JALSH index	S&P 500 index	MSCI World index	MSCI EM index

Equities market - Average Daily Value Traded (bn) / Average Daily

Volume Traded (x10 mn)

50

45

40

35

30

25

20

15

10

5

0

2013	2014	2015	2016	2017	2018	2019	2020	2021	2022
			Value Traded - annual avg.			Volume divided by 10

Net foreign flows (Rbn)

150

100

50

0 -50

-100
-150
-200
2019	2020	2021	2022
	Bond Market	Equity Market

VIX half-year average

34

31

28

25

22

19

16

13

10

VIX half-year avg.

5