Athens Stock Exchange
Socrates LazaridisATHEX GROUP CEO
Financial Instruments
Athens Exchange Group Page 2
Cash Market Structure & ProductsRe
gulated Market
Alternative Market
Exchange Traded Funds
Shares
Warrants
Bonds Corporate / Government
213
3 3
4 / 23
Shares Bonds Corporate
ENA Step ENA Plus
14 1
Source : ATHEX GROUP October 14th 2016
Market Capitalization Breakdown
Cash Market Liquidity
Athens Exchange Group Page 3
ATHEX Market CredentialsRe
gulated Market
Alternative Market
Exchange Traded Funds
Shares
Warrants
Bonds Corporate / Government
213
3 3
4 / 23
Shares Bonds Corporate
ENA Step ENA Plus
14 1
Source : ATHEX GROUP October 14th 2016
Fully Compliantwith the European Union regulatory environment
Settlement efficiency rate 100% (ECSDA Statistical Exercise)
3rd best performing market in the world in failed trades (OMGEOReport)
Transactions settlement through Eurosystem (Target 2)
ATHEXClear is EMIR compliant for cash and derivatives marketclearing
With a highest standard Risk Management System for centralcounterparties
ATHEXCSD’s Depository Risk Rating (by specialized auditor ThomasMurray) remains at A+ since 2008
ATHEX GROUP certified according to the international standardISO22301:2012 of Business Continuity System by Lloyd’s RegisterAssurance (LRQA)
ATHEX GROUP is recognized by the SEC as a Designated Offshore Securities Market (DOSM) from July 2016
Athens Exchange Group Page 4
Capital Raised Activity in 2016Re
gulated Market
Alternative Market
Exchange Traded Funds
Shares
Warrants
Bonds Corporate / Government
213
3 3
4 / 23
Shares Bonds Corporate
ENA Step ENA Plus
14 1
Source : ATHEX GROUP October 14th 2016
House MarketCorporate Bond Issue: €40mil, 04/10/2016Underwriters: National Bank of Greece, Euroxx Securities,Pantelakis Securities
MLS MultimediaCorporate Bond Issue: €4mil, 19/07/2016Consultant: Beta Securities
Intercontinental InternationalListing on Main Market: €14.5mil, 02/08/2016Consultant: NBG Securities
Corporate ActionsCapital Raised: €57.5mil
Total Capital Raised€116mil
Athens Exchange Group
Significant Returns C.A.G.R 2011 ‐ 2016
Page 5
Source : Reuters, ATHEX GROUP October 14th 2016
Athens Exchange Group
International investors increase their holdings
Page 6
Source : ATHEX GROUP September 30th 2016
Investor Participation in Cash Market
Market Capitalization €34.4bil
International Inv. Holdings€20.5bil
(as % of total market capitalization)
Top 10 Holdings
by Country of OriginFor 2016
Athens Exchange Group
International investors highly active trading activity
Page 7
Source : ATHEX GROUP September 30th 2016
Investor Participation in Cash Market
Total Market Turnover €11.8bil
International Inv. Turnover€6.9bil
(as % of total trading activity)
Top 10 Positive Flows
by Country of Originfor 2016
Athens Exchange Group
Strong capital flows
Page 8
Source : ATHEX GROUP September 30th 2016
(€mil, Buys minus Sells)Capital Flows from International Investors
Total Positive Flows fromInternational Investors of€4.8bil in 2013 – 2016
€16.7bil the new capital fromInternational Investorsduring Greek Banksrecapitalizations on 2014 &2015
Athens Exchange Group
Significant Contributionin Capital Raising
Page 9
Source : ATHEX Group, FESE Members September 30th 2016
Capital Raised Capital Raised 2012 ‐ 2016
Athens Exchange Group
Comparison with European Peers
Page 10
Source : FESE Members, September 30th 2016
Market Capitalization to GDP
Turnover Velocity(total trade value vs market capitalization)
Athens Exchange Group
Optimistic Messagesfrom Listed Company Results
Source : ATHEX Group, € mil., #: excluding banks
Net Profits before Tax Net Profits after TaxEBITDA
EBITDA Price to Book ValueRevenues
Athens Stock Exchange
Socrates LazaridisATHEX GROUP CEO
Financial Instruments