Capital with confidence - ASX · Capital with confidence - Listing with ASX Source: Willis Towers Watson Global Pension Assets Study 2019 ... Source: Bloomberg & ASX Official List,

Capital with confidenceA launch pad to accelerate your growthQ1 2020

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Agenda

Introduction 01

Why ASX? 02

Technology

Healthcare

Resources03

Your home market 04

How to list 05

Sector Specialities:

01Introduction

4 |

As one of the world’sleading exchange groups,ASX offers access to a large pool of capital in the world’sfastest growing region

Listed entities^

Consistently ranks as a global exchange leader

Largest pension pool globally*

#4 Top 10

2,200+

Listing your company with ASX

Capital with confidence - Listing with ASXSource: *Willis Towers Watson Global Pension Assets Study 2019

ÂSX Official List 31 December 2019

5 |

Australia is home to one of the world’s largest pools of capital

Capital with confidence - Listing with ASX Source: Willis Towers Watson Global Pension Assets Study 2019 ^Deloitte: Dynamics of the Australian Superannuation System November 2019

131%Ratio of Australian Pension

Assets to GDP

~A$10TnProjected Australian

Superannuation Assets by 2038^

10.2%10-year CAGR in Australian

Pension Assets

11.8

3.3

1.40.7 0.8 0.9 0.5

24.7

3.1 2.9

1.9 1.6 1.50.9

US Japan UK Australia Canada Netherlands Switzerland

Global Pension Market Assets (US$ Tn)

2008

2018

6 |

Proven track record

ASX underpins Australia’s robust capital markets in an economy that holds the record for the longest period of recession-free growth of any developed country

Achieve your growth ambitions, and take your place in the world’s markets

Capital with confidence - Listing with ASX

Robust regulatoryenvironment

Long history of successfullylisting and funding earlystage growth companies

Strong trackrecord of growth

Source: November 2018 Austrade Investor Update (28 years of recession-free growth as of 2019)

7 |

185

164

92 9080

57

36

112

An active capital raising platform

ASX is one of the world’s most active exchanges by volume of listings

Number of new listings by exchange: CY2019


Selected exchanges as at 31 December 2019.Source: NASDAQ, HKEX, ASX, TSE, TSX, NYSE, LSE and SGX data from exchange website. NZX data from Dealogic.

ASX includes stapled securities and debt listings; HKEX includes GEM; JPX includes TSE, JASDAQ, MOTHERS, TOKYO PRO;LSE includes AIM listings; NZX includes NXT listings; SGX includes Catalist; TSX includes TSX-V listings.

02Why ASX?

9 |9 |

The launch pad to accelerate your growth

ASX sits at the heart of

Australia’s financial markets

It is a highly active capital raising platform, consistently ranking in the world’s top equity markets.

IPO capital raised AUD

New listings

Annual average 2014-2019

#125+$10b


Follow-on capital raised AUD$42bSource: ASX data, 31 December 2019

10 |

One of the world’s leading exchanges


3rd largest stock market in the Asian region*

9th largest stock market globally*

Market capitalisation of approx. $2.6 trillion

ASX has outperformed its global peers since

2000, throughout the ‘Asian Century’

At the forefront of electronic trading and capital

raising

Efficient capital raising processes with minimal

documentation

Strong track recordof growth

Stand tall in theworld’s markets

Pioneering marketinnovation

Source: Austrade Benchmark Report 2019*by free-float market capitalization

11 |

ASX has outperformed leading global indices since 2000

Global index performance since 2000


0

50

100

150

200

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

S&P/ASX 200 S&P 500 FTSE 100 Hang Seng FTSE EUROTOP 100 Nasdaq Composite

Source: Bloomberg, 15 January 2020

Why list with ASX?

13 |

0 1 2 3 4 5 6 7 8 9 10

1998

2001

2004

2007

2010

2013

2016

2019

2022

2025

2028

2031

2034

2037


IPO Capital Raisedby Exchange 2014-19 (US$m)

Australian Superannuation Sector Growth Trajectory

Source: Dealogic, 31 December 2019, figures include junior markets where applicable

Access the 4th largest pension pool globally

> Supportive domestic investor base

> Investable funds forecast to grow to A$10 trillion by 2038*

> Robust economy and well-regulated financial markets

1Raise capital in a top-ranking equity market

$146,789

$135,024

$90,478

$75,885

$74,462

$51,102

$44,924

$39,136

$37,196

$32,310

$25,900

NYSE

Hong Kong

Nasdaq

London SE

Shanghai SE

Tokyo SE

Shenzhen SE

ASX

Frankfurt SE

Saudi SE

Mexican SE

National SE India

Source: Deloitte and APRA, November 2019^ Projected to 31 December 2038

Compulsory super introduced in 1992

Currently A$2.7 trillion

Growing to A$10 trillion in

2038^

$ 210,162

* Deloitte: Dynamics of the Australian Superannuation System, November 2019

14 | Capital with confidence - Listing with ASX

Breakdown by Number Breakdown by Market Cap

Join an impressive peer group of both mature and growth companies

> Small and mid-cap growth companies

> Dominant resources and financials sectors

> An emerging technology sector

> World-class healthcare sector

2Proven track record across all industry sectors

26% Resources (Energy + M&M)

25% Financials

11% Consumer Discretionary & Staples

11% Industrials & Materials (ex M&M)

10% Health Care

7% Real Estate

7% IT and Communication Services

3% Utilities

Source: Bloomberg & ASX Official List, 7 January 2020 aggregated across global markets. May exclude companies with suspended securities or subject to poor liquidity where market capitalisation cannot be determined.

42% Resources (Energy + M&M)

15% IT and Communication Services

11% Consumer Discretionary & Staples

11% Industrials & Materials (ex M&M)

8% Health Care

7% Financials

4% Real Estate

2% Utilities

Total Listed Entities: 2,240

Total Market Cap: A$2.6 trillion

15 |

Active market for both early stage and mature companies


Access a well-educated, sophisticated investor base interested in growth opportunities, as an attractive alternative to private funding

3Strength in small and mid-cap as well as early stage IPOs

Proportion of Listed Companies by Market Capitalisation (A$)

22%

29%

12%

18%

6%

13%

<$10m $10m-$50m $50m-$100m $100m-$500m $500m-$1b >$1b

Source: Bloomberg, 31 December 2019. Excludes suspended companies and those with $0 market capitalisation. Excludes ETFs, retail and wholesale debt listings, stapled duplicates and entities with no GICS classification.

16 |

Australia North America Europe Asia RoW


Minimum Company Size* US$

Institutional Ownership of S&P/ASX 200 Index**

ASX is optimised for early stage growth companies, with a minimum market capitalisation of ~US$200 million for entry into the S&P/ASX 300 Index

> Early entry into a globally recognised index

> Attract institutional investment sooner

> Enhance liquidity in your company’s shares

4Access benchmark indices at a comparatively early stage

45% of institutional ownership by overseas institutions

Top institutional investors^

Source: *indicative values based on eligibility criteria or inclusions as at last rebalance. Exchange rates as at 8 Jan 19. **Orient Capital ^Factset

NASDAQ100

$19.1b

S&P 500

$8.2bHang Seng

$15.0b

FTSE 100

$7.1b

S&P/ASX 200

$853mS&P/ASX 300

$214m

Straits Times

$5.9bS&P/TSX Comp

$503m


5Overall ASX valuations match or exceed those in other major markets

Valuations reflect demand/price dynamics:

> Demand from:

• Australian institutional investors

• International institutions (Asia/US/Europe

based)

• Retail/HNW investors

> Critical mass and growth of Australian pension fund market

> Investor knowledge and sophistication

IndexPrice/Sales

(forward)P/E

(forward)EV/EBITDA

(forward)

ASX 200 2.4 18.5 11.3

ASX 300 2.4 18.6 11.3

ASX 300 Info Tech 5.2 47.5 24.8

NASDAQ COMPOSITE 3.0 25.6 16.1

NASDAQ 100 3.7 23.5 14.6

S&P 500 2.3 18.9 12.8

S&P 500 Info Tech 5.0 23.5 15.9

FTSE 100 1.2 13.6 8.2

HANG SENG 1.8 10.8 9.8

STRAITS TIMES 1.8 12.9 14.9

Source: Bloomberg, 31 December 2019

Valuation indicators by index


ASX is increasingly a destination for foreign companies seeking growth capital

> Critical mass of Technology and Healthcare listings to complement well established Financial and Resource sectors

> Sweet spot for companies listing with market capitalisations between $50 million and $1 billion

> Success in attracting foreign listings from markets such as New Zealand, Singapore, Malaysia, Israel, Ireland and the United States

6An expanding and diversified listings franchise

Top Ten Tech ‘Unicorns’

Top Ten Healthcare ‘Unicorns’

Source: Bloomberg Market Capitalisations (AUD) GICS Sector Information Technology, GICS Industry Communications Services

and GICS Sector Healthcare, 31 December 2019

$7.6b

$4.5b

$13.6b $7.4b

$2.7b $2.6$3.1b

$11.3b $9.1b

$4.1b

$125.2b $13.0b$13.7b$31.5b

$2.3b$12.1b $3.8b $3.7b $2.0b

$14.7b


7Innovation and efficiency in follow on capital raising

Equity capital raising methods:

> Placements

> Rights Issues

> Share Purchase Plan

> Accelerated Issues

PlacementsCan issue up to 15% of your register with minimal documentation within 2 days

Rights IssuesAnother minimal documentation method with no limit to share issues if made pro-rata to existing shareholders

Share Purchase PlanCan issue up to $30,000 worth of additional shares in the company to existing shareholders in any 12 month period

Accelerated IssuesCapital raised quickly with limited exposure to market, with an offer price either fixed or determined by a book build process


ASX Evolve is a program of initiatives designed to enhance the value of listing on ASX – providing services that connect listed companies to potential investors both locally and internationally

8Post-listing support:ASX Issuer Services

ASX CEO Connect Connect with retail investors on a scale never seen before in the Australian market – tell your story to the Australian investment community via a bi-monthly presentations livestreamed across the country.

ASX International Conferences ASX has been hosting investment conferences across Asia and the United States for over 10 years – giving our listed companies the chance to showcase their business strategies and achievements to an international audience through presentations and strategic one-on-one meetings with investors.

ASX Equity Research Scheme ASX has been funding the production of high-quality, independent research on micro and small-cap ASX-listed companies for over 5 years – this initiative has been able to provide multiple listed companies with the additional research coverage and analyst support they need, many for the first time.More information at:

asx.com.au/evolve

03 Sector Speciality:

Technology

22 |

Why Tech companies list with ASX


A strong market for early stage growth

companies

More than 100technology listings

2014-19

Strong peer groups in fintech, online

marketplaces and SaaS

An attractive fundraising alternative

Source: ASX data, 31 December 2019

23 |

A vibrant exchange for listed tech companies> Earlier entry to a globally recognised index

> Main board listing

> Active network of tech brokers and analysts

> Over $4.7b in IPO capital raised 2014-19*

> 100+ Tech IPOs 2014-19* with a strong

pipeline

> 18 ASX listed Tech ‘unicorns’


Market Cap at IPO^

$610m

$1.36b

$325m

Source: ^Company prospectuses*ASX Data

50

70

90

110

130

150

170

190

210

FY2014 FY2015 FY2016 FY2017 FY2018 FY2019

Total ASX Listed Technology Companies

$689m

$974m

Source: Bloomberg, 28 June 2019. GICS Information Technology sector. Australian Financial Year

$661m

24 |24 |

Appen (APX)


Established in 1996, Appen provides high quality language technology data and services in more than 140 languages and dialects to leading technology companies and government agencies via its two business lines, Content Relevance, which focuses on improving search products, and Speech and Data Collection, which provides training data

Listing on ASX provided Appen with:

> Financial flexibility to pursue growth opportunities

> Improved access to capital markets

> Improved capacity to attract and retain staff

> Allow existing investors the opportunity to monetise their investment

Listing milestones:

> March 2017 – S&P/ASX All Ords Index inclusion

> September 2017 – S&P/ASX 300 Index inclusion

> June 2018 – S&P/ASX 200 Index inclusion

Price performance, rebased at listing date Listing Snapshot

Institutional shareholders by geography*

At Listing

Listing Date: 07 January 2015

Market Cap at Listing: $47.3m

Capital Raised: $15.0m

Price/Sales: 11.8

EV/EBITDA: NA

Lead Manager(s): Bell Potter

Current (31 December 2019)

Market Cap: $2,720.1m

Share Price: $22.46

Price/Sales (Forward): 4.0

APX4392%

ASX20025%

ASX300Info.Tech

95%

0

1000

2000

3000

4000

5000

6000

7000

Jan

-15

Jul-

15

Jan

-16

Jul-

16

Jan

-17

Jul-

17

Jan

-18

Jul-

18

Jan

-19

Jul-

19

40% AUS

28% US

24% Asia

8% EU

Follow on raisings, $25m, 30 Nov 17$5m, 19 Dec 17

Follow on raisings, $285m, 12 Mar 19

$15m, 8 Apr 19

Source: Bloomberg, FactSet, 31 December 2019*Does not include insider ownership

25 |25 |

Kogan (KGN)


Kogan.com is an Australian based online retail website focusing on the sale of both in-house brand and third party electronics

In FY2015 Kogan also launched Kogan Travel and Kogan Mobile in partnership with Vodafone

Listing on ASX provided Kogan with:

> Funding support for marketing and inventory investment

> A liquid market

> The ability to pay down $4m of debt

> A platform for future growth through providing access to capital markets

Listing milestones:





At Listing

Listing Date: 07 July 2016



Price/Sales: 0.7

EV/EBITDA: 20.2

Lead Manager(s): Canaccord Genuity


Market Cap: $713.2m

Share Price: $7.59


KGN322%

ASX20029%

ASX300Info.Tech

86%

0

100

200

300

400

500

600

Jul-

16

No

v-16

Mar

-17

Jul-

17

No

v-17

Mar

-18

Jul-

18

No

v-18

Mar

-19

Jul-

19

No

v-19

72% AUS

24% US

3% EU

1% Asia


26 |26 |

WiseTech Global (WTC)


A home grown SaaS success story built over 20 years, WiseTech listed on ASX in April 2016 as a billion dollar tech firm. WiseTech is a cloud based provider of software solutions for the logistics industry, and has over 6,000 customers in more than 125 countries

Listing on ASX provided WiseTech with:

> Funding to pursue future growth opportunities, and the flexibility to support that strategy

> The ability to repay existing debt

> An opportunity for existing investors to monetise their investment

> Increased brand profile and broaden their shareholder base

Listing milestones:

> December 2017 – S&P/ASX 200 Index inclusion



At Listing

Listing Date: 11 April 2016



Price/Sales: 9.5

EV/EBITDA: 29.7

Lead Manager(s): Credit Suisse, Morgan Stanley



Share Price: $23.37


WTC598%

ASX20035%

ASX300Info.Tech

93%

0

200

400

600

800

1000

1200

Ap

r-1

6

Au

g-16

Dec

-16

Ap

r-1

7

Au

g-17

Dec

-17

Ap

r-1

8

Au

g-18

Dec

-18

Ap

r-1

9

Au

g-19

Dec

-19

66% US

22% AUS

10% EU

2% Asia

Follow on raising, $100m, 24 May 18

Follow on raising, $300m, 27 Mar 19$35.9m, 15 Apr 19



Acquired by: Acquired by:

December 2017* August 2019*

Listing SnapshotAt ListingListing Date: 09 December 2014Market Cap at Listing: $312.3mCapital Raised: $140.0mPrice/Sales: 4.7Lead Managers: Macquarie, UBSValuation at acquisition: $1,600.0mP/S (Forward) at acquisition: 8.4

Price performance, rebased at listing date

ACX333%

ASX2009%

ASX300Info.Tech

39%

0

150

300

450

600D

ec-1

4

Au

g-15

Ap

r-16

Dec

-16

Au

g-17

Ap

r-18

At ListingListing Date: 8 December 2017Market Cap at Listing: $306.2mCapital Raised: $67.0mPrice/Sales: NALead Manager: Bell Potter SecuritiesValuation at acquisition: $585.0mP/S (Forward) at acquisition: 8.8

Listing Snapshot

0

50

100

150

200

Jan

-18

May

-18

Sep

-18

Jan

-19

May

-19

Sep

-19

CRD67%

ASX20011%

ASX300Info. Tech

45%


Notable ASX Tech Acquisitions

Source: Bloomberg*publicly announced

Acquired by:

2016

Listing SnapshotAt ListingListing Date: 10 September 2007Market Cap at Listing: $25.6mCapital Raised: $7.5mPrice/Sales: 25.1Lead Manager: BBYValuation at acquisition: $750.8mP/S (Forward) at acquisition: 16.0

Acquired by:

November 2015*

0

500

1000

1500

2000

Oct

-07

Ap

r-09

Oct

-10

Ap

r-12

Oct

-13

Ap

r-15

IPP1430%

ASX20025%

ASX300Real Estate

25%


28 |

Technology and Communication Services Indices S&P/ASX 200


A proven platform for tech growth

Total Capital Raised by Technology andCommunication Services Companies

Source: ASX data, 31 December 2019. Excludes capital raised through backdoor listing.

0

0.5

1

1.5

2

2.5

3

3.5

4

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

$A

Bill

ion

s

Secondary Capital Raised IPO Capital Raised

Source: Bloomberg, 31 December 2019.

50

100

150

200

250

300

350

400

Jan

-09

Jan

-10

Jan

-11

Jan

-12

Jan

-13

Jan

-14

Jan

-15

Jan

-16

Jan

-17

Jan

-18

Jan

-19

Jan

-20

S&P/ASX 200 Index S&P/ASX 200 Info Tech S&P/ASX 200 Communication Services


Healthcare

30 |

Why healthcare companies list with ASX


Strong Australian healthcare, biotech and

med-tech ecosystem

More than 65healthcare listings

since 2013

Raise capital for commercialisation and future growth

Join an impressive peer group of emerging and

mature companies


65

31 |31 |

A diverse healthcare sector

Combined market capitalisation

Healthcare, biotech & med-tech companies

are listed on ASX

S&P/ASX 200 v Healthcare Indices

170+$248b

Capital with confidence - Listing with ASX Source: Bloomberg, 31 December 2019

0

100

200

300

400

500

600

700

20

09

20

10

20

11

20

12

20

13

20

14

20

15

20

16

20

17

20

18

20

19

S&P/ASX 200S&P/ASX 300 Health CareS&P/ASX 300 Pharma, Biotech & Life SciencesS&P/ASX 300 Health Care Equipment & Services

#16 Listed healthcare unicorns

32 |32 |

0

200

400

600

800

1000

1200

1400

1600

May

-07

May

-08

May

-09

May

-10

May

-11

May

-12

May

-13

May

-14

May

-15

May

-16

May

-17

May

-18

May

-19

Nanosonics (NAN)


A manufacturer and distributor of the trophon® EPR ultrasound probe disinfector and its associated consumables and accessories

Nanosonics is also involved in research, development and commercialisation of infection control and decontamination products and related technologies

Listing on ASX provided Nanosonics with:

> Funding to advance commercialisation efforts

> Funding to conduct R&D on further products and innovation

> Support for business development activities

> Working capital

Listing milestones:


> March 2015 – S&P/ASX 300 Index inclusion



At Listing

Listing Date: 17 May 2007



Price/Sales: NA

EV/EBITDA: NA

Lead Manager(s): Wilson HTM



Share Price: $6.35


NAN1170%

ASX300Healthcare Services &

Equipment

134%

52% AUS

41% US

7% EU

Follow on raisings, $12m, 7 Dec 09

$3.6m, 11 Dec 09

Follow on raisings, $15.5m, 4 May 12$380k, 16 May 12

GE Investment$7.5m, 25 Jun 12

Follow on raisings, $25m, 5 Mar 15$3m, 5 Mar 15

ASX2006%


33 |33 |

Telix Pharmaceuticals (TLX)


An Australian oncology company developing targeted radiopharmaceuticals, with a portfolio of products for kidney, prostate and brain cancer that has the potential to significantly impact the diagnosis and treatment of cancer

Listing on ASX provided Telix with:

> The ability to fund portfolio development, including milestone payments to third parties

> The financial flexibility to pursue further growth opportunities

> A liquid market for its shares

> An increased public profile



At Listing

Listing Date: 15 November 2017



Price/Sales: NA

EV/EBITDA: NA

Lead Manager(s): Taylor Collison, Wilsons


Market Cap: $392.6m

Share Price: $1.55


ASX300Pharma.

95%

65% Asia

33% AUS

1% US

1%EU

TLX138%

ASX20012%

0

50

100

150

200

250

300

350

No

v-17

Jan

-18

Mar

-18

May

-18

Jul-

18

Sep

-18

No

v-18

Jan

-19

Mar

-19

May

-19

Jul-

19

Sep

-19

No

v-19


Follow on raising, $5m, 24 Dec 18

Follow on raising, $40m, 23 July 19


Resources

35 |

Why resource companies list with ASX


Over 375 resource listings since 2009

Specific gold and resources indices

A world leader in resource capital raising

145 year track record in a major global

mining region


36 |36 |

From junior explorers to world leaders

Countries where ASX listed companies operate

Listed companies

Join the world’s largest diversified and specialised resource companies

800+80+


Value of Metals and Mining Stocks by Sub-industry

Value of Energy Stocks by Sub-industry ASX’s largest industry sector

by number of companies#1

56% Diversified Metals & Mining

27% Gold

14% Steel

2% Aluminum

1% Copper

Market Cap:$353 billion

58% Oil & Gas Exploration & Production

12% Coal & Consumable Fuels

12% Integrated Oil & Gas

11% Oil & Gas Refining & Marketing

7% Oil & Gas Equipment & Services

Market Cap:$125 billion

Source: Bloomberg, 31 December 2019, aggregated across global markets. May exclude companies with suspended securities or subject to poor liquidity where market capitalisation cannot be determined.Metals and Mining market capitalisation numbers reflect ASX listed entity valuations for BHP & Rio Tinto

.

37 |

$11.1b

$13.5b

$7.6b

ASX: The global resources hub


$114.7b* $32.4b$37.3b*

$14.9b

$23.3b

$17.0b

Source: Bloomberg 31 December 2019*Market Capitalisation based on ASX listing entity only. BHP & Rio Tinto have a dual listed company structure

$32.9b

$13.3b

$8.5b $8.3b $8.0b

$13.2b

38 |

ASX: Global mining community by numberOver 80 nations with ASX listed mining explorers and producers

40

Source: Austex, 2019

South America

North America

87

112Africa

31Asia 36

24Pacific

Australia 410

Europe

32


39 |

A proven platform for resources growth

Developing exploration

projects requires the capital

equity markets can provide

Total Capital Raised by Resource Companies


Source: ASX data, 31 December 2019. Excludes capital raised through backdoor listings.

0

5

10

15

20

25

30

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019$

A B

illio

ns

Secondary Capital Raised IPO Capital Raised

04 Your home market

Australia

42 |

Equities traded daily**

Listing on ASX puts your

company at the heart of Australia’s financial markets,

in a highly active and globally

connected capital market

Listed Entities^

New listings per year*+125 2,200+

$6.9b

Why Australian companies list with ASX

Capital with confidence - Listing with ASX* Annual average 2014-2019

ÂSX Official List, 31 December 2019**Includes ASX and CXA average for 2019

43 |

Be the next local success story

Join a peer group of leading local and international companies across a diverse range of sectors


Raise funds for growth

Build awareness of your brand, products and services

Access key indices, local and international institutional investors at an early stage

44 |44 |

-

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

May

-16

Au

g-16

No

v-16

Feb

-17

May

-17

Au

g-17

No

v-17

Feb

-18

May

-18

Au

g-18

No

v-18

Feb

-19

May

-19

Au

g-19

No

v-19

Afterpay Limited (APT)


Fintech Afterpay is a payments company, allowing customers to purchase an item and repay it in interest free instalments. It listed with ASX in 2016, raising $25 million at its IPO

Listing on ASX provided Afterpay with:

> Funding to accelerate Afterpay’s client base and product offering Capital for acquisitions

> A liquid market for its current shareholders

> Opportunities to expand its shareholder register

> The financial flexibility to pursue possible growth opportunities

Afterpay merged with Touchcorp in July 2017 to form Afterpay Touch Group

Listing milestones:




Listing Snapshot


55% US

27% AUS

15% EU

3% Asia

At Listing




Price/Sales: NA

EV/EBITDA: NA

Lead Manager(s):Wilson HTM

Bell Potter Securities



Share Price: $29.28


APT2828%

ASX20025%

ASX300Info. Tech

82%

Follow on raising, $36m, 18 Oct 16

Matrix Partners Investment

US$15m, 16 Jan 18



Follow on raisings, $117m, 23 Aug 18$25m, 19 Sep 18

Touchcorp merger announced

23 Feb 17

Follow on raising, $317m, 12 June 19

45 |45 |

0.0

50.0

100.0

150.0

200.0

May

-17

Jul-

17

Sep

-17

No

v-17

Jan

-18

Mar

-18

May

-18

Jul-

18

Sep

-18

No

v-18

Jan

-19

Mar

-19

May

-19

Jul-

19

Sep

-19

No

v-19

BINGO Industries (BIN)


Bingo is a vertically integrated waste management operator having capabilities across the waste collection, processing, separation and recycling components of the waste value chain operating primarily in NSW

Listing on ASX provided BINGO with:

> Capital for acquisitions

> Ongoing access to capital markets

> A liquid market for its shares

> Capital to repay existing debt facilities

Listing milestones:

> September 2017 – S&P/ASX 300 Index Inclusion


Price performance, rebased at listing dateListing Snapshot


51% AUS

37% US

12% EU

At Listing




Price/Sales: 2.4

EV/EBITDA: 8.8

Lead Managers: Macquarie Capital



Share Price: $2.84


BIN58%

ASX300Industrials

25%

ASX20012%

Follow on raisings, $106m, 29 Nov 17$14m, 18 Dec 17

Follow on raisings, $352m, 23 Aug 18$73m, 11 Sep 18


46 |46 |

0

200

400

600

800

1000

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-11

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Dec

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Jun

-19

Dec

-19

NEXTDC (NXT)


NEXTDC develops next generation data centres focused on delivering smart, secure, scalable and energy efficient facilities to the Australian and New Zealand markets

Listing on ASX provided NEXTDC with:

> Funding for the establishment of initial facilities

> Capital for the acquisition of a site in Sydney

> A liquid markets for its shares

> A broader shareholder base

Listing milestones:

> March 2012 – S&P/ASX 300 Index inclusion




68% AUS

19% US

11% EU

2% Asia

At Listing

Listing Date: 13 December 2010



Price/Sales: NA

EV/EBITDA: NA

Lead Managers:Moelis

RBS Morgans



Share Price: $6.58


NXT575%

ASX20041%

ASX300Info. Tech

102%

Follow on raising, $41m, 20 Apr 12$10m, 20 Apr 12

Follow on raising, $50m, 21 Aug 13

Follow on raising, $150m, 6 Sept 16

Follow on raisings, $33.6m, 18 Mar 11$15.3m, 18 Mar 11

Follow on raisings, $50m, 1 Aug 11

Follow on raisings, $120m, 23 Nov 15


Follow on raisings, $297m, 17 Apr 18$80m, 21 May 18

Constrained by home market

48 |

Connect with one of the world’s

largest pool of investable funds in a highly active capital market

– ideal if your home market has

limited access to capital or a relatively small listed peer group

Equities traded daily**

Listed Entities^

New listings per year*+125 2,200+

$6.9b

Outward looking opportunities for growth

Capital with confidence - Listing with ASX* Annual average 2014-2019

ÂSX Official List, 31 December 2019**Includes ASX and CXA average for 2019

49 |49 |

ASX International Listings – Key Markets

Where are the ASX International Listings coming from?


56 47 21 17 10

New Zealand United States SingaporeIsrael Canada Ireland

3

Total Foreign Listings: 270+

Source: ASX Data, 22 January 2020

10

Malaysia

50 |50 |

Fluence (FLC)


Fluence is the global leader in the delivery of innovative, cost-effective decentralised water, wastewater, and reuse solutions for businesses and communities anywhere in the world

Listing on ASX provided Fluence with:

> Capital for further Research and Development

> Funding for ongoing company administration expenses

> Working Capital

RWL Water LLC and Emefcy Ltd merged to become Fluence in July 2017

Listing milestones:

> March 2017 – All Ordinaries Index Inclusion


0

100

200

300

400

500

600

Dec

-15

Mar

-16

Jun

-16

Sep

-16

Dec

-16

Mar

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Jun

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-17

Mar

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-19

Listing Snapshot


90% US

10% EU

At Listing




Price/Sales: NA

EV/EBITDA: NA

Lead Managers: Henslow


Market Cap: $268.6m

Share Price: $0.43


FLC115%

ASX20031%

ASX300Industrials

45%

Follow on raising $31.6m, 25 Jul 16

RWL Water merger announcement

5 May 17

Follow on raising$33.1m, 30 Oct 18$3.3m, 26 Nov 18


Follow on raisings, $36.0m, 18 Nov 19$2.4m, 20 Nov 19

New Zealand

52 |

0

100

200

300

400

Total Funds UnderManagement

Fund Mandate Available to ASX-listedNZ Companies

Fund Mandate Available to NZX-listedNZ Companies

$ b

illio

n

$342b

$254b

$61b

Orient Capital Australian Institutional Investor Survey, June 2019

Multiply your business impact,

attract a diversified investor base and benefit from a

streamlined dual listing process

New Zealand-based companies have found their natural

home on ASX

Access a pool of investable funds over four times larger

than available in NZ4x56

Why New Zealand companies list with ASX


53 |

ASX-Listed New Zealand Companies

$130m

Total NZX Market$144m

Total ADV:$274m

48% Market Share

Australian vs New Zealand market trading activityAverage Daily Value Traded comparison (A$)

Capital with confidence - Listing with ASXSource: Bloomberg, ‘ASX-Listed’ includes ASX and Chi-X trading, 31 December 2019

* Excludes delisted companies

2017

Top NZX Value Traded Top ASX-Listed Traded

1 Fletcher Building Ltd. a2 Milk Co.

2 Spark NZ Ltd. Fletcher Building Ltd.

3 Fisher & Paykel Health. Fisher & Paykel Health.

4 a2 Milk Co. Trade Me Group Ltd.

5 Contact Energy Ltd. Spark NZ Ltd.

6 Auckland Intl. Airport Ltd. Sky City Ent. Group.

Total ADV:$243m

2019

Top NZX Value Traded Top ASX-Listed Traded*

1 Spark NZ Ltd. a2 Milk Co.

2 a2 Milk Co. Xero Ltd.

3 Fisher & Paykel Health. Fisher & Paykel Health.

4 Contact Energy Ltd. Fletcher Building Ltd.

5 Auckland Intl. Airport Ltd. Spark NZ Ltd.

6 Meridan Energy. Chorus Ltd.

ASX-Listed New Zealand Companies

$85m

35% Market Share

Total NZX Market$158m


-100

-50

0

50

100

150

200

250

3 months 6 months 9 months 12 months

% C

han

ge in

Tra

din

g V

olu

me

acro

ss b

oth

ASX

& N

ZX

Change in total monthly trading volumes since ASX listing*

Source: Bloomberg *Selected companies**Pushpay Holdings raised capital at the time of ASX listing. 9 months after listing Pushpay experienced a 307% increase in monthly trading volumes

^Contact Energy figures exclude Origin Energy Sell-down Transaction

New Zealand companies

dual listing on ASX

16 New Zealand companies have undertaken a secondary listing on ASX since 2010.

> Trading volumes increased regardless of free float

> One company raised capital at the time of listing**

> On average, there was a 145% increase in trading volume across all companies within 12 months of listing on ASX^.

> Half of the companies experienced greater than 100% increase in trading volume within the first three months of listing on ASX^.

55 |

ASX ‘NZ Foreign Exempt’ listing category


Listing rule category NZ ‘Standard’ Listing NZ Foreign Exempt*

Admission: Information Memorandum(compliance listings)

ASX requirement Not required

Admission: Prospectus (capital raising)Trans-Tasman mutual

recognitionTrans-Tasman mutual

recognition

Admission: Good fame & character ASX ASX

Release of information and announcements ASX & NZX ASX & NZX

Continuous disclosure standard ASX & NZX NZX only

Periodic disclosure (format and timetable) NZX only – waiver required NZX only

Subsequent capital raising limits NZX only – waiver required NZX only

Corporate Governance code ASX & NZX NZX only

Significant transactions ASX & NZX NZX only

Related party transactions ASX & NZX NZX only

Trading halts and suspensions ASX & NZX ASX & NZX

Share registry ASX & NZX ASX & NZX

* Listing requirements indicative only

Streamlines dual listing process for NZ companies

56 |56 |

Pushpay Holdings (PPH)


Pushpay was established in New Zealand in 2011 and dual listed on ASX in 2016, raising $40m in the process

Pushpay dual listed on ASX in 2016, allowing it to:

> Attract international investors, particularly from the US

> Diversify the current shareholder base

> Gain index inclusion

The company is now based in Seattle, with a US centric business operating a SaaS model focused on the faith sector providing mobile commerce tools that facilitate fast, secure and easy mobile payments

Listing milestones:



0

50

100

150

200

250

Oct

-16

Dec

-16

Feb

-17

Ap

r-17

Jun

-17

Au

g-17

Oct

-17

Dec

-17

Feb

-18

Ap

r-18

Jun

-18

Au

g-18

Oct

-18

Dec

-18

Feb

-19

Ap

r-19

Jun

-19

Au

g-19

Oct

-19

Dec

-19

Listing Snapshot


49% US

34% NZ

16% AUS

1% EU

At Listing

Listing Date: 12 October 2016

Market Cap at Listing: $525m^

Capital Raised: $40m

Price/Sales: NA

EV/EBITDA: NA

Lead Managers: Ord Minnett



Share Price: $3.92


PPH87%

ASX20022%

ASX300Info. Tech

70%

Follow on raising, NZ$35m, 12 July 17

Source: Bloomberg, FactSet, 31 December 2019^First trading day closing price

*Does not include insider ownership

Follow on raising, NZ$100m, 19 June 18

Follow on raising, NZ$45m, 4 July 19

57 |57 |

0

500

1000

1500

2000

Nov-12 Nov-13 Nov-14 Nov-15 Nov-16 Nov-17 Nov-18 Nov-19

Xero (XRO)


Xero was founded over 10 years ago in New Zealand, and provides cloud based accounting software targeted at SMEs. It is a market leader in New Zealand, Australia and the UK. Forbes recognised Xero as the world’s most innovative company in 2014 and 2015

Xero dual listed on ASX in 2012, allowing it to:

> Improve visibility, awareness and marketing within Australia

> Improve liquidity and access to capital markets

> Give Australian investors direct access to its shares

In February 2018, Xero consolidated to a sole listing on ASX

Xero communicated that the consolidated listing:

> was in the best interests of its shareholders

> provide access to a larger market, increased liquidity, increased relevance to a more diverse range of larger investors and broader analyst and broker coverage

Shortly after its consolidation on ASX, Xero entered the S&P/ASX 100 Index



51% US

27% Asia

14% AUS

8% EU

At Listing

Listing Date: 08 November 2012


Capital Raised: NA

Price/Sales: 31.7

EV/EBITDA: NA

Lead Managers: NA



Share Price: $80.00


XRO1686%

ASX20049%

ASX300Info. Tech

131%

Follow on raising, NZ$180m, 14 Oct 13

Accel, Matrix Investment

US$111m, 25 Feb 15Matrix, Valar Investment

NZ$60m, 30 Nov 12

Follow on raising, A$413m, 27 Sep 18

Follow on raising, NZ$95m, 17 Nov 17



58 |58 |

$0

$10

$20

$30

$40

$50

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$70

$80

$90

Jan

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-19

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25

30

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ce (

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D)

Vo

lum

e (

mill

ion

s)

XRO (NZX) Volume XRO (ASX) Volume XRO (ASX) Price


Xero (XRO) ASX consolidation case study

> Dual listing on ASX and NZX in 2012, de-listing from NZX to consolidate on ASX in February 2018

> Consolidated listing to increase liquidity and attract new investors

ASX Listing8 November 2012

Sole Listing on ASX5 February 2018

S&P/ASX 100 Index Inclusion

19 March 2018



18 September 2017

59 |59 |

The a2 Milk Company (A2M)


A2 Milk was founded in New Zealand in 2000 with a core focus on understanding the A2 protein type so that people who have digestive discomfort as a result of drinking ordinary cows milk can obtain the nutritional goodness that comes from milk containing only the A2 protein type

The company has trading activities in Australia, New Zealand, China, USA and the UK

A2 Milk dual listed on ASX in 2015, allowing it to:

> More closely align its business with its capital markets profile given A2 Milk’s Australian operations were the most significant

> Provide Australian investors with an easier opportunity to own shares in the company

> Improve liquidity and access to capital markets


0

500

1000

1500

2000

2500

3000

3500

Mar

-15

Jul-

15

No

v-15

Mar

-16

Jul-

16

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Mar

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17

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18

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v-18

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-19

Jul-

19

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v-19

Listing Snapshot


39% AUS

28% US

20% EU

13% NZ

At Listing

Listing Date: 31 March 2015


Capital Raised: NA

Price/Sales: NA

EV/EBITDA: NA

Lead Manager: Goldman Sachs NZ



Share Price: $14.30


A2M2818%

ASX300Consumer Stap.

32%

ASX20014%

Follow on raisings, NZ$40m, 8 Oct 15NZ$3m, 8 Oct 15



60 |60 | Capital with confidence - Listing with ASX

The a2 Milk Company (A2M) dual listing case study

Dual listing on ASX in 2015. ‘Compliance’ listing (without capital raise) offered:

> Incremental investor access and liquidity in Australia

> Increased liquidity in New Zealand

> Subsequent visibility and capital raising opportunities

$0

$2

$4

$6

$8

$10

$12

$14

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$18

0

100

200

300

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600

700

800

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ce (

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D)

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mill

ion

s)

ATM (NZX) Volume A2M (ASX) Volume A2M (ASX) Price

ASX Listing31 March 2015


18 March 2016


17 September 2016


14 December 2017


61 |61 |

0

20

40

60

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100

120

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2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Vo

lum

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ion

s)

Pri

ce (

NZD

)

FPH (NZX) Volume FPH (ASX) Volume FPH (NZX) Price


Fisher & Paykel Healthcare (FPH) ASX dual listing case study

> Fisher & Paykel is a designer, manufacturer and marketer of medical device products and systems for use in respiratory care, acute care and the treatment of obstructive sleep apnea.

ASX ListingNovember 2001

S&P/ASX 200 InclusionMay 2015


Stand out

63 |

If your business could be

lost in your larger home market, ASX is a chance to gain

visibility on a world leading

exchange with a flexible fundraising strategy

Option to dual-list once you scale

Cost-effective IPO and ongoing expenses

Average market cap requirement for the S&P/ASX 300 Index*US$300m

Stand out in an active market

Capital with confidence - Listing with ASXSource: S&P/ASX 300 rebalance announcements:

*Calculated using the average minimum of the last rebalance

64 |64 |

0

100

200

300

400

500

600

Sep

-15

Dec

-15

Mar

-16

Jun

-16

Sep

-16

Dec

-16

Mar

-17

Jun

-17

Sep

-17

Dec

-17

Mar

-18

Jun

-18

Sep

-18

Dec

-18

Mar

-19

Jun

-19

Sep

-19

Dec

-19

LiveTiles (LVT)


LiveTiles is a United States incorporated company that develops tools to easily create dashboards, employee portals, and corporate intranets that can be further enhanced by artificial intelligence and analytics features

Listing on ASX provided LiveTiles with the ability to:

> Fund enhanced product development and other products and services opportunities;

> Expand sales and marketing with direct sales and partner sales teams focused on increasing penetration with existing customers and seeking new customers;

> Fund the operating costs of the Company;

> Benefit from an increased profile that arises from being listed.

Listing milestones:




92% AUS

8% US

At Listing

Listing Date: 18 September 2015



Price/Sales: NA

EV/EBITDA: NA

Lead Managers: NA


Market Cap: $236.6m

Share Price: $0.28


LVT83%

ASX20030%

ASX300Info. Tech

96%

Follow on raising, A$11m, 2 Aug 2017

Follow on raising, A$25m, 8 Aug 2018A$2m, 12 Sep 2018

Follow on raising, A$20m, 15 Feb 2018

Follow on raising, A$15m, 12 Feb 2019

Follow on raising, A$50m, 25 Sep 2019A$12.8m, 3 Dec 2019


65 |65 | Source: Bloomberg, 31 December 2019*Ord Minnett, 3 September 2019

50

100

150

200

250

Jul-

19

Au

g-19

Sep

-19

Oct

-19

No

v-19

Dec

-19

Sezzle (SZL)


Sezzle is a company incorporated and based in the United States with a mission to ‘Financially Empower the Next Generation’.Sezzle’s base product is an interest-free instalment payment solution that reaches consumers through its merchant partners as a payment option in the online checkout

Listing on ASX provided Sezzle with the ability to:

> Funding and financial flexibility to support the Company’s growth strategy and future growth opportunities

> A liquid market for its CDIs and the opportunity for others to invest in its Securities

> Benefits of an increased brand profile that arises from being a listed entity.


Shareholders at IPO by geography*

80% USA

19% AUS

1% Asia

At Listing

Listing Date: 30 July 2019



Price/Sales: NA

EV/EBITDA: NA

Lead Manager: Ord Minnett


Market Cap: $415.7m

Share Price: $2.09


SZL71%

ASX300Info. Tech

1%ASX200

-2%

66 |66 |

0

50

100

150

200

250

300

Dec

-03

Dec

-04

Dec

-05

Dec

-06

Dec

-07

Dec

-08

Dec

-09

Dec

-10

Dec

-11

Dec

-12

Dec

-13

Dec

-14

Dec

-15

Dec

-16

Dec

-17

Dec

-18

Dec

-19

Janus Henderson Group PLC (JHG)


Janus Henderson, created from the merger between Janus Capital and Henderson Group in May 2017, is dual listed across ASX and NYSE. Janus Henderson provides investment management services throughout Europe, North America, Asia, Australia, Middle East and Africa

> Prior to merging with Janus Capital, Henderson Group (UK incorporated) had maintained a dual listing between the LSE and ASX, first listing in December 2003

> Henderson Group and Janus Capital Group merged in May 2017

> The ASX listing of Henderson Group had greater liquidity on ASX and was included in the S&P/ASX 100 index

> As a result the newly formed Janus Henderson made the decision to delist from LSE and commenced a dual listing of Janus Henderson on NYSE and ASX.

Price performance, rebased at listing date^ Listing Snapshot


82% Aus

14% EU

3% Asia

1% US

At Listing


Market Cap at Listing: $1,760.0m


Price/Sales: NA

EV/EBITDA: NA

Lead Managers: NA



Share Price: $35.09


JHG51%

ASX 200105%

ASX300Financials

49%

Janus Henderson created - 31 May

2017


^ Rebased at close of first trading day

67 |67 |

0

20

40

60

80

100

120

140

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

$0

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$30

$40

$50

$60

$70

Vo

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e (

mill

ion

s)

Pri

ce (

AU

D)

JHG (ASX) Volume JHG (NYSE) Volume HGG (London) Volume* JHG (ASX) Price


Janus Henderson Group (JHG) ASX/NYSE dual listing case study

> A global asset management group incorporated in USA. JHG provides a wide range of financial products to retail investors, intermediary advisors and institutional investors.

Source: Bloomberg, 31 December 2019 *HGG LN volume adjusted to reflect split consolidation ratio applied to JHG AU line after Janus Capital merger

Janus Capital / Henderson Groupmerger - LSE delisting

ASX/NYSE listings maintained – 31 May 2017

05How to list

69 |

When can you IPO?

ASX offers a main board IPO at an

earlier stage than other major markets


A ‘traditional’ funding cycle…

70 |

ASX listing criteria

You must satisfy minimum admission criteria, including:


Note: This is a general guide to listing requirements and is not exhaustive, nor a guarantee of a successful listing application. For full details of the ASX Listing Rules please refer to ASX Compliance at www.asx.com.au/regulation/compliance/listings.htm

Admission Criteria General Requirement

Number of shareholders Minimum 300 non-affiliated investors @ A$2,000

Free float 20%

Company size

Profit test:

A$1 million aggregated profit from continuing operationsover past 3 years + A$500,000 consolidated profit fromcontinuing operations over the last 12 months

Assets test:

A$4 million net tangible assetsorA$15 million market capitalisation

or

71 |

Is listing for you?


Raise capital at IPO and through follow-on offerings

Use shares for acquisitions

What is your growth strategy?

Media and research coverage

Share market indices

Do you want to raise your company profile?

Increased business credibility

Wider and stable business networks

Would you like to attract institutional investment?

Easier to offer shares

Incentives attract and retain quality staff

Would you like to reward key employees?

Perception of financial and business strength

Reassurance through due diligence and compliance

What will listing mean for your customers and suppliers?

72 |

Key ingredients for a successful IPO


$

$

$

A clear,understandablemarket andcompellinggrowth story

Potentialfor globaloperationsand scale

A backableteam, with atrack record ofmeeting keymilestones

Strong supportfrom foundationand/or cornerstoneinvestors

Revenue andgood year onyear growth

Significantassets witha clearpathto revenue

Experiencedadvisersguidingthe companythrough thelisting process

An understanding that an IPO at an early stage is a fundraising event and the start of your journey

Commitment toongoinginvestorrelations andPR programs

73 |

The listing process


1 2 3 4 5 6 7 8 109 11 12 13 14 15 16 17 18

Step 3

Institutional marketing

program commences

Step 2Preparatory Work

ASX

Step 5Processing of

listing application by ASX

$

Step 6Marketing and offer period

ASIC

Step 4Lodge prospectus with ASIC

Step 7Closing the offer, shares allocated, trading commences

$

Step 1Appointment of Advisors

19 WEEKS

74 |

Corporate governance


Principles

8

Lay solid foundations

for management

and oversight

Structure the board

to add value

Promote ethical and

responsible decision

making

Safeguard

integrity in financial

reporting

Remuneratefairly

and responsiblyRecognise and

manage risk

Make timely and

balanced

disclosure

Respect the rights

of shareholders

Source: ASX Corporate Governance Principles and Recommendations 3rd Edition

75 |

Escrow requirements


Profit TestASX does not require escrow

for companies admitted under the profits test

Voluntary Escrow

Underwriting Agreement

Assets Test

Arm’s length 12 months from issue

Non-Arm’s length 24 months from listing

Pre-float investors

Recognition for cash or equivalent contribution of pre-float investors – allows proportion to be unrestricted that represents the cash component

Escrow may not be applied to companies with revenue, IPO capital raised and post money valuations acceptable to ASX, or companies with a substantial proportion of assets such as tangible assets

Company

76 |

CHESS Depository Interests (CDI)

Enabling foreign companies to list on ASX


A CDI is a financial product which is a unit of beneficial ownership in an underlying financial product which is quoted on the ASX market. A CDI confers a beneficial interest in the underlying financial product to which it relates

• CDIs came into existence because it is often not possible for companies incorporated overseas to allow share transfers through the ASX's paperless settlement system - CHESS. CDIs therefore enable foreign companies to have their securities cleared and settled electronically through CHESS

• Holders of the CDIs obtain beneficial ownership of those foreign shares instead of legal title. Legal title to the shares is held by a nominee company on behalf of CDI holders

• CDIs can trade on either a one-for-one basis with the overseas listed stock, or, as in many cases, on a broader basis such as ten-for-one

• CDI holders have the same rights as holders whose financial products are legally registered in their own name. This means that all economic benefits such as dividends, bonus issues, rights issues, interest payments and maturity payments or similar corporate actions flow through to CDI holder as if they were the legal owner of the corresponding financial product

• Voting is carried out by directing the depository nominee to cast proxy votes in accordance with the CDI holder’s written instructions

• CDIs are not required for companies incorporated in New Zealand, Israel, Bermuda and Papua New Guinea

77 |

Total IPO Costs

Market Capitalisation

% of capital raised

(median)

Median Capital Raised

$10m to $50m

10.1% $8,000,000

$50m to $100m

8.9% $25,000,000

$100m to $500m

6.6% $81,800,000

$500m to $1,000m

4.6% $331,600,000

More than $1,000m

3.9% $877,666,540

Listings CostASX Costs


Source: compiled by ASX from disclosed figures in company prospectuses 2010-2017.

Market Capitalisation

Initial Fee Annual Fee

$50m $120,755 $35,347

$100m $159,177 $45,901

$200m $205,832 $50,167

$500m $345,799 $62,964

$1,000m $554,376 $84,292

The above fees apply as of 1 January 2020.Calculation based on securities for which quotation is sought.

All figures in AUD


Listing Process

The listing rules are a minimum guidance, recommend to raise sufficient capital to gain investor attention

Be an industry leader, standout from local companies in the same industry

Have business ties to Australia

Leverage local expertise; engage quality local corporate advisors, lawyers and accountancy firms

Have a well known industry name on your share register ahead of listing – run a pre-IPO round to facilitate

Appoint a local director with previous ASX experience in a relevant industry

Have a reason to list beyond visibility e.g. raising capital

Tips for overseas companies Ongoing Engagement

Listing creates a new facet to the business prepare for this additional work

Spend on investor relations, employ a local firm to ensure ongoing communication in the local market

Investors want to hear directly from the CEO, be prepared to make regular trips to Australia

Engage with investors, particularly if you foresee needing to raise follow on capital

Be realistic with financial projections, investors judge companies against targets which are reflected in share price performance

Post Listing Support

80 |

Supporting our listed companies – Investor Access


Largest diversified small and mid-cap

conference in Australia

450+ investors in person, 20+ companies,

and Trade Stands

Amplified reach via live national broadcast

Gain necessary access to capital overseas

Quality 1on1 and group meeting schedules

Cost and conflict-free for investors and corporates

National exposure to sophisticated investors

Distribution of your presentation and interview

videos

250+ investors in person and amplified reach via

live national broadcast

ASX Small and Mid-Cap Conference ASX CEO Connect ASX International Corporate Days

81 |

Supporting our listed companies – Research, Analytics and Compliance


Access to Orient Capital’s IR Platform

Analyse in-depth share trading data on your stock,

peers, sectors and indices

Market Analytics

ASX-subsidised equity research for small-caps

Research provided by ASX brokers

Distributed widely through broker and ASX

networks

ASX Equity Research Scheme

Dedicated listings compliance advisor

Review of key documents prior to release

Distribution of news to market and media via ASX

Market Announcements Platform – no need to use

third party distribution service

Regular compliance roadshows and updates

Compliance Support

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Supporting our listed companies – Community and recognition


Well-respected investor relations publication

Published twice a year in hardcopy and via app

Widely distributed to capital markets professionals

Best practice, profile raising and compliance tips

Listed@ASX

Celebrate your listing ceremony, anniversary or

other special milestone at ASX

Open the market in front of your stakeholders

Videos provided for distribution

Ringing the Bell Peer to Peer Events

ASX hosted and sponsored luncheons, seminars

and networking events designed to create a

network of peers amongst ASX-listed company

management and the wider capital markets

community


Be the next ASX success story

Strong track record of growth

Access one of the largest pension pools globally

A leading global stock exchange

Early access to globally recognised market indices

Main board listing

Innovative platforms and service

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Eddie GrieveGeneral Manager, Listings & Issuer Services

T: +61 2 9227 0519E: [email protected]


Next steps We are here to help at every stage

James PosnettSenior Manager,Listings Business Development

T: +61 2 9227 0282E: [email protected] Kate Galpin

Business Development Manager


Josh CollardBusiness Development Manager


More information at:asx.com.au/listings

Blair HarrisonSenior Manager,Listings & Issuer Services,

ASX New Zealand


Documents

Capital with confidence - ASX · Capital with confidence - Listing with ASX Source: Willis Towers Watson Global Pension Assets Study 2019 ... Source: Bloomberg & ASX Official List,