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FTSE Factsheet FTSE COMPANY REPORT Share price analysis relative to sector and index performance Aquis Exchange AQX Investment Banking and Brokerage Services — GBP 7.1 at close 29 September 2021 Absolute Relative to FTSE UK All-Share Sector Relative to FTSE UK All-Share Index PERFORMANCE 29-Sep-2021 29-Sep-2021 29-Sep-2021 7.5 170 160 1D WTD MTD YTD 7 Absolute 0.0 -1.0 0.7 51.1 160 150 Rel.Sector -0.4 0.7 7.1 50.3 6.5 Rel.Market -0.9 -1.3 1.6 36.3 150 140 6 140 VALUATION 5.5 130 130 Trailing 5 120 Relative Price Relative Price Relative 120 4.5 PE +ve Absolute Price (local currency) (local Price Absolute 110 110 EV/EBITDA +ve 4 100 PB 12.8 3.5 100 PCF 79.3 3 90 90 Div Yield 0.0 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Price/Sales +ve Absolute Price 4-wk mov.avg. 13-wk mov.avg. Relative Price 4-wk mov.avg. 13-wk mov.avg. Relative Price 4-wk mov.avg. 13-wk mov.avg. Net Debt/Equity 0.1 100 100 100 Div Payout 0.0 90 90 90 ROE 6.8 80 80 80 70 Index) Share Share Sector) Share - - 70 70 60 DESCRIPTION 60 60 50 50 50 The Company operates equities exchange and 40 RSI RSI (Absolute) 40 40 multilateral trading facility, and provides technology 30 services in Europe. 20 30 30 10 20 20 RSI (Relative to FTSE UKFTSE All to RSI (Relative RSI (Relative to FTSE UKFTSE All to RSI (Relative 0 10 10 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Past performance is no guarantee of future results. Please see the final page for important legal disclosures. 1 of 4 FTSE COMPANY REPORT: Aquis Exchange 29 September 2021 Valuation Metrics Price to Earnings (PE) EV to EBITDA Price to Book (PB) 31-Aug-2021 31-Aug-2021 31-Aug-2021 100 ‖ ‖ +1SD 100 ‖ ‖ ‖ 25 ‖ ‖ 80 80 20 Avg 60 60 +1SD Avg 15 40 40 10 Avg 20 20 -1SD -1SD 0 ‖ ‖ -1SD 0 ‖ ‖ 5 Sep-2016 Sep-2017 Sep-2018 Sep-2019 Sep-2020 Sep-2016 Sep-2017 Sep-2018 Sep-2019 Sep-2020 Sep-2016 Sep-2017 Sep-2018 Sep-2019 Sep-2020 Aquis Exchange 120.0 Aquis Exchange 100.0 Foresight Group Holdings 21.8 JTC 96.5 Foresight Group Holdings 46.9 AJ Bell 16.1 Sanne Group 88.2 Sanne Group 32.9 City Of London Investment Group 13.7 Foresight Group Holdings 70.1 AJ Bell 32.7 Integrafin Holdings 13.6 Liontrust Asset Management 51.9 JTC 29.5 Aquis Exchange 12.8 Investment Banking and Brokerage Services 11.7 Investment Banking and Brokerage Services 9.9 Investment Banking and Brokerage Services 2.0 CMC Markets 6.9 Georgia Capital 3.6 IP Group 1.0 Draper Esprit 6.2 Plus500 2.8 M&G 1.0 M&G 4.7 TP ICAP Group 2.5 TP ICAP Group 1.0 Plus500 3.9 M&G 1.8 Abrdn 0.9 Georgia Capital 3.7 Quilter 1.6 Georgia Capital 0.6 0 20 40 60 80 100 120 140 0 20 40 60 80 100 120 0 5 10 15 20 25 Price to Cash Flow (PCF) Dividend Yield % Price to Sales (PS) 31-Aug-2021 31-Aug-2021 31-Aug-2021 80 ‖ ‖ 1 15 ‖ ‖ ‖ ‖ ‖ 70 0.9 0.8 14.5 Avg 60 Avg 0.7 50 0.6 14 40 0.5 -1SD 0.4 13.5 30 -1SD 0.3 20 0.2 13 10 0.1 0 ‖ ‖ 0 12.5 Sep-2016 Sep-2017 Sep-2018 Sep-2019 Sep-2020 Sep-2016 Sep-2017 Sep-2018 Sep-2019 Sep-2020 Sep-2016 Sep-2017 Sep-2018 Sep-2019 Sep-2020 Abrdn 80.0 M&G 8.8 Draper Esprit 15.0 Aquis Exchange 79.3 Plus500 7.6 3i Group 15.0 Investment Banking and Brokerage Services 60.0 Real Estate Credit Investments 7.6 Integrafin Holdings 15.0 Intermediate Capital Group 57.5 CMC Markets 7.3 Aquis Exchange 15.0 AJ Bell 45.3 Jupiter Fund Management 6.4 AJ Bell 13.9 JTC 42.0 Investment Banking and Brokerage Services 3.4 Investment Banking and Brokerage Services 3.4 Quilter 1.8 JTC 0.8 Plus500 2.2 3i Group -21.5 IP Group 0.8 St. James's Place 1.1 IP Group -49.6 Georgia Capital 0.0 TP ICAP Group 0.9 St. James's Place -69.9 Draper Esprit 0.0 Quilter 0.6 Georgia Capital -100.0 Aquis Exchange 0.0 M&G 0.3 -120 -100 -80 -60 -40 -20 0 20 40 60 80 100 0 1 2 3 4 5 6 7 8 9 10 0 2 4 6 8 10 12 14 16 Note: bar chart reflects the top and bottom five current values for the valuation ratio in question for FTSE All Shares stocks in the same sector as the stock concerned. All valuation metrics are trailing. 2 of 4 FTSE COMPANY REPORT: Aquis Exchange 29 September 2021 Valuation Metrics Net Debt to Equity Dividend Payout (DP) Return on Equity (RoE) 31-Aug-2021 31-Aug-2021 31-Aug-2021 0.09 1 7 0.9 0.08 +1SD 6 0.07 0.8 0.7 5 0.06 Avg 0.6 0.05 4 0.5 0.04 Avg 0.4 3 0.03 0.3 2 -1SD 0.02 0.2 1 0.01 0.1 0 0 0 ‖ ‖ Sep-2016 Sep-2017 Sep-2018 Sep-2019 Sep-2020 Sep-2016 Sep-2017 Sep-2018 Sep-2019 Sep-2020 Sep-2016 Sep-2017 Sep-2018 Sep-2019 Sep-2020 Intermediate Capital Group 2.5 XPS Pensions Group 100.0 Plus500 50.0 M&G 1.5 River and Mercantile Group 100.0 Ninety One Plc 50.0 Sanne Group 1.0 Rathbone Brothers 100.0 CMC Markets 50.0 JTC 0.9 Sanne Group 100.0 Hargreaves Lansdown 50.0 Foresight Group Holdings 0.7 Man Group 100.0 City Of London Investment Group 40.0 Investment Banking and Brokerage Services 0.3 Investment Banking and Brokerage Services 35.7 Investment Banking and Brokerage Services 18.4 Aquis Exchange 0.1 JTC Aquis Exchange Record 0.0 0.0 6.8 Plus500 0.0 Georgia Capital 0.0 XPS Pensions Group 5.9 Ashmore Group 0.0 Foresight Group Holdings 0.0 TP ICAP Group 5.7 Draper Esprit 0.0 Draper Esprit 0.0 Rathbone Brothers 5.3 Georgia Capital 0.0 Aquis Exchange 0.0 Quilter 4.5 0 0.5 1 1.5 2 2.5 3 0 20 40 60 80 100 120 0 10 20 30 40 50 60 ROE vs. PB — sector Du Pont Analysis 25 scatter 1.5 8 7 1 20 FSG 6 5 AJB 0.5 15 IHP CLIG 4 PB AQX HL. 0 3 10 N91 SNN LIO STJ 2 JTC REC -0.5 5 1 ICP PLUS RIV BRW ASHM EMG IGG CMCX RAT SDR -1 0 XPS JUP Investment Banki GROW ‖ ‖ QLT RECI III TCAP ABDNIPO CGEO MNG 2017 2018 2019 2020 2021 0 0 10 20 30 40 50 60 Net Margin Asset Turnover Gearing ROE (rhs) ‖ ROE Note: bar chart reflects the top and bottom five current values for the valuation ratio in question for FTSE All Shares stocks in the same sector as the stock concerned. All valuation metrics are trailing. 3 of 4 FTSE COMPANY REPORT: Aquis Exchange 29 September 2021 Brief description Brief description Price to Earnings Price to Earnings (PE) is price over earnings per share. Earnings are based on the latest Gearing Gearing is Total Assets divided by Common Equity. Total Assets and Common Equity are (PE) available fiscal year earnings. each averaged over two years, that is, t and (t-1). Price to Sales (PS) Price to Sales (PS) is price divided by sales per share. It is based on sales from continuing Asset Turnover Asset turnover is Sales divided by Total Assets. Total Assets is averaged over two years, operations for the fiscal year. that is, t and (t-1). Price to Book (PB) Price to Book (PB) is price at the indicated date divided by common equity per share. Dupont Breakdown Return on Equity (RoE) = Net Margin * Gearing * Asset Turnover Common/ordinary equity is generally as reported at the most recent fiscal year-end but is Analysis adjusted to exclude minority interest, preferred stock and selected items as appropriate. RoE vs PB Plot of RoE versus PB at last month end for all FTSE UK All Share stocks in the sector Price to Cash Flow Price to Cash Flow (PCF) is price at the indicated date divided by cash flow per share. relative to the stock in question. Data may be limited to the stock in question if there are (PCF) currently no stocks in the corresponding FTSE UK All Share sector. Net Debt Equity Net Debt Equity is Net Debt as a percentage of common equity. Not calculated if Absolute Absolute graphs reflect performance for the stock in question for up to 366 days adjusted denominator (common equity) is negative for intervening corporate actions. EV to EBITDA EV to EBITDA is Enterprise Value divided by EBITDA (Earnings before Interest and Taxes, Relative Relative charts reflect the performance for the stock in question relative to the depreciation and amortisation).
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