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A Capital Opportunity A Global Market for Your Company. Disclaimer.
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A Capital Opportunity A Global Market for Your Company
Disclaimer This document is for information purposes only. While the information herein is collected and compiled with care, neither TMX Group Limited nor any of its affiliated companies represents, warrants or guarantees the accuracy or the completeness of the information. You agree not to rely on the information contained herein for any trading, legal, accounting, tax, investment, business, financial or other purpose. This information is provided with the express condition, to which by making use thereof you expressly consent, that no liability shall be incurred by TMX Group Limited and/or any of its affiliates as a result of any errors or omissions herein or any use or reliance upon this information. © 2013 TSX Inc. All rights reserved. Do not sell or modify without the prior written consent of TSX Inc.
Canada and TSX: Strong Fundamentals • Economically stable • Canada is the fourth largest equity market by float capitalization in the MSCI World Index • World’s soundest banking system* • Lowest debt-to-GDP among G7 • Strong equity culture • The global exchange leader for new listings in the past four years • ~$2.2 trillion in market cap • Resource rich • World’s largest producer of zinc and uranium and major producer of gold, nickel, aluminum and lead • 3rd largest oil reserves in the world • Global supplier of wheat, canola and grains (picture of canadian flag) * World Economic Forum, September 2012, five years in a row
Canadian Markets… Global Leaders 1st 1st 1st In Listed Mining Companies Worldwide In Listed Oil and GasCompanies Worldwide In Listed Clean TechnologyCompanies Worldwide 1st 1st 1st In Global Mining and Global Gold S&P/TSX Indices In Exchange-Traded Funds (ETFs) Originator of the World’s First ETF In the World by Number of New Listings 2nd 7th 3rd In Market Capitalization In Equity Capital Raised In the World by Number of Listed Companies Source: World Federation of Exchanges, December 2012, TSX and TSXV Market Intelligence Group, Capital IQ 4
TSX and TSXV by the Numbers 3827 $56.5B Issuers Equity raised $69.9M Average Financing on TSX 372 Going public events $3.2M Average Financing on TSXV * As of or YTD December 31, 2012
The World Lists on TSX and TSXV (picture of globe) Total international listings as at December 31, 2012= 339 TSX = 183 listings | QMV=$178.7 B TSXV = 156 listings | QMV= $3.4 B TSX and TSXV International Listings by Country/Region
Why the World Lists on TSX and TSXV • Access to Capital • Liquidity • Diverse Issuer Base • Service at All Stages of Growth • Partner with a Global Leader • Access to Capital • Improved Liquidity • Diverse Issuer Base • Service at All Stages of Growth • Partner with a Global Leader
Access to Capital Average Financing Size: TSX: $70M TSXV: $3M Toronto Stock Exchange and TSX Venture ExchangeTotal Financings (C$ Billions) 1999 – 2012 * TSX Venture Exchange commenced operations on November 29, 1999
The World Trades on TSX and TSXV ~40% of daily trading originates from international brokers TSX and TSX Venture Exchange Volume & Transactions (2004-2012)
Diverse Issuer Base Real Estate 83 Structured Products 216 Financial Services121 CPC 170 Utilities &Pipelines 28 Oil & Gas & Energy Services 474 Diversified Industrials 312 Mining 1,673 Forest Products22 Technology171 Clean Technology118 Comm & Media 46 ETFs282 Life Sciences111 Number of Issuers by Sector * As at December 31, 2012, includes issuers on Toronto Stock Exchange and TSX Venture Exchange (100% = 3,827)
Service at All Stages of Growth • Serving all Market Caps • A Unique Feeder System 563graduates +128 M&A* 555 Issuers 530 Issuers 2,089 Issuers 484 Issuers 147 22 11 11 * Market Capitalization, December 31, 2012 *From January 1, 2000 – December 31, 2012
Partner with a Global Leader A leader in growth A leaderin SMEs A leader in new issuers A leader in number of issuers listed #1 2567 85% #2 equity financings on TSX and TSXV in the world, by number of new listings in the world, by number of listed issuers of TSX and TSXV listed issuers have less than $250 million market cap $56.5B $18M 372 3827 equity raised average size on TSXV new listings Issuers on TSX and TSXV
Global Exchange Leader for New Listings in 2012 Source: World Federation of Exchanges, December 2012 * NASDAQ information does not include secondary financings 13
The TSX and TSXV Advantage for Your Company The TSX and TSXV Advantage for Your Company
The Ideal Equity Marketplace • Total Corporate IPOs in Canada and U.S.* • Average IPO Size on TSX: $139 M • Average IPO Size in USA: $307 M • Top 10 Corporate IPOs on TSX in 2012 Top 10 Corporate IPOs on Toronto Stock Exchange in 2012 as measured by Gross Proceeds (C$) *Source: Hoovers IPO Central
Support for Companies of all Sectors and Sizes • New Listings by Sector • Equity Financings by Sector $56.5B Value of Financings by Sector TSX and TSXV 2012
Support for International Companies of all Sectors and Sizes • TSX and TSXV International New Listings by Region • TSX and TSXV International New Listings by Sector 71 55 49 49 40 36 31 339 Total International Listings 31 2012 New Listings
How to List on TSX and TSX Venture Exchange
Multiple Pathways to Listing IPOInitial Public Offering RTOReverse Takeover/ Reverse Merger CPCCapital Pool Company QTQualifying Transaction/Acquisition SPACSpecial PurposeAcquisition Corp. Dual or Interlisting
Capital Pool Company™ (CPC) Program has a Strong Track Record • Anatomy of a Qualifying Transaction (QT) • Since inception • 2364 CPCs were created • 82% have completed their QT —1949 companies • Currently • 351 Graduates now trade on TSX • 93 of the grads were CPCs • 61 QTs in 2011 CPC Private Company Qualifying Transaction Coinciding Private Placement New TSX Venture Company • A new clean CPC shell has none of the hidden costs of a shell with previous operating history
Toronto Stock Exchangeand TSX Venture Exchange are Your Exchanges
TSX and TSXV Support Your Growth • Support included in your listing • TSX InfoSuite, access to the Institute of Corporate Directors, listed logo program, data, anonymous activity reports, all with dedicated personal support, workshops and more! • Access to additional products and services • Investor Relations, Visibility and Outreach Services, Research and Educational Support, Market Intelligence and more! • Ongoing access to strategic partnerships • MinesOnline.com
The Right Fundamentals for Growth+ Dynamic Market • Access to Equity Capital • $56.5 Billion was raised on TSX and TSXV in 2012 • Strong Liquidity • 126 Billion shares were traded on TSX and TSXVin 2012, with a value of more than $1.2T • Increased Visibility • With more than 3,800 listed issuers, TSX and TSXV are first in North America for number of listed issuers
Contact our Business Development Team to learn more about your Capital Opportunity A Capital Opportunity A Global Market for Your Company Europe · 44 20 3194 2529 China · (+86 10) 6505-8011 North America · 1 888 873 8392