Dividends: Maximizing shareholders returns
BME’s Business model: Positive Results
Pay Out
82%
86%
89%
86%
86%
98%
1.972
1.972
1.972
1.972
1.972
1.972
(
1
) (
2
)
(
1
)
Dividend
Total/ Share
2009
2008
2007
2010
2011
2012
First Interim Dividend
Second Interim Dividend
Suplementary Dividend
Extraordinary Dividend
1.016
0.956
0.986
0.986
0.60
0.60
0.372
0.60
0.372
0.60
0.60
0.372
0.372
0.40
0.60
0.40
0.60
0.40
0.60
0.40
49%
51%
52%
48%
56%
44%
60%
60%
26%
16%
18%
40%
40%
2010
2009
2008
2011
2012
Spain EU OECD Rest
Free cash- ow generation
Low maintenance capex
Critical mass
E ciency
High margin+Leverage
Integration
Diversi cation
In-house technology
Low marginal cost new
Products/ projects
Regulatory map
MiFlr
Transaction Tax
Short selling Ban
T
2
S
EMIR/ ESMA
Projects in process to cope with regulatory changing times
Collateral Services
CCP Equity
MEFF Power
Regis-TR
Diversified Market
Break-down by market of turnover of IBEX 35 companies (2008-2012)
Business drivers: Regulatory drivers
Regulation: Driver for Business performance. Wind for Transparency and risk control represents business
oportunities for Regulated Markets
Source: Periodical financial information reported to CNMV by listed companies.
(1) Pending approval by the Shareholders’General Meeting.
(2) The Board of Directors has submitted to the General Shareholders´ Meeting a proposal for a decrease in the share capital
with the refund of contributions to the shareholders by means of a reduction of €0.23 in the nominal value of each share
and a €0.142 extraordinary dividend.
9
Year Highlights
Annual
Report 2012
/ BME
1
1,2,3,4,5,6,7,8 10,11,12,13,14,15,16,17,18,19,...222