Graph based presentation reviewing Australian Energy Leaders Woodside, Origin Energy, Santos and Beach Energy against various metrics and valuation data including the ASX 100 Index and historic performance on TEV / EBITDA. Presentation also looks at commodity and currency movements in a very volatile period (since April / May 2013)
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Lincoln crowne energy leaders 21062013
1. Graphs
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AUSTRALIAN ENERGY LEADERS
Overview of ASX Performance & TEV / EBITDA Valuations
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General Graph Based Observations – 21 June 2013
2. Graphs
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Contents
• Section 1: Index, Currency & Commodity Movements
• Section 2: Energy Leaders vs ASX 100 Index
» 3 year display
» 1 year display
• Section 3: Energy Leaders TEV / EBITDA (F)
» 3 year display
» 1 year display
Australian Energy Leaders Selected : Woodside Petroleum Limited
Origin Energy Limited
Santos Limited
Beach Energy Limited
Appendix
4. Graphs
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ASX 100 Index vs AUD – 1 Year Horizon
Since May 2013 both ASX 100 INDEX and AUD have deteriorated
Source : CapitalIQ, LCC, Exchange Data
5. Graphs
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ASX 100 Index – 3 Year Horizon
Technical indicators like MACD suggest ASX 100 Index ‘oversold’
Source : CapitalIQ, LCC, Exchange Data
6. Graphs
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USD AUD FX Rate – 3 Year Horizon
……but will the Currency test the USD $0.92 level ?
Source : CapitalIQ, LCC, Exchange Data
7. Graphs
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ASX 100 Index TEV / EBITDA (A) – 1 Year Horizon
Overall market average valuations moved down over 2 month period
Source : CapitalIQ, LCC, Exchange Data
8. Graphs
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NYMEX Crude Oil – 1 Year Horizon
Crude oil price moving rapidly higher since May 2013
Source : CapitalIQ, LCC, Exchange Data
9. Graphs
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NYMEX Natural Gas – 1 Year Horizon
Natural gas prices cycling in a range since mid April 2013
Source : CapitalIQ, LCC, Exchange Data
10. Graphs
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ENERGY LEADERS VS
ASX 100 INDEX
Section 2
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• Woodside Petroleum
• Santos
• Beach Energy
• Origin Energy
11. Graphs
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Leaders vs ASX 100 – 3 Year Horizon
Beach Energy outperforming Index & Peers over 3 year horizon
Source : CapitalIQ, LCC, Exchange Data
12. Graphs
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Leaders vs ASX 100 – 1 Year Horizon
Comparative performance of Leaders has compressed in Q2 2013
Source : CapitalIQ, LCC, Exchange Data
13. Graphs
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ENERGY LEADERS
VALUATION PERFORMANCE
Section 3
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• Woodside Petroleum
• Santos
• Beach Energy
• Origin Energy
14. Graphs
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Despite recent global markets volatility Leaders values holding up vs ASX 100 Index
Leaders TEV / EBITDA (F) – 1 Year Horizon
Source : CapitalIQ, LCC, Exchange Data
15. Graphs
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Leaders TEV / EBITDA (F) – 3 Year Horizon
ORG slightly ahead, other Leaders valuations below ASX 100 average
Source : CapitalIQ, LCC, Exchange Data
16. Graphs
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LCC CAPABILITIES, SOCIAL RESPONSIBILITY,
IMPORTANT INFORMATION & CONTACT DETAILS
Appendix
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17. Graphs
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ACADEMIA
LCC and Bond University has established a relationship
around the importance of success, academic integrity and
outstanding performance. To this end, LCC has
sponsored various faculty awards in both the Business
and Law Schools.
bond.edu.au
SPORT
LCC has sponsored 12 and 16ft skiffs in Sydney, over
numerous sailing seasons and championships.
In 2012, in partnership with Variety the Children’s Charity,
Nicholas Assef proudly supported the Variety Port
Jackson 12ft Skiff Championships.
This event marked the launch of a series of projects
committed to raising support for Alopecia Areata, which is
a medical condition of which there is no known cure.
lincolncrownesailing.com.au
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LCC’s Community Focus
LCC strives to make a positive difference… PHILANTHROPY
The Lincoln Crowne Foundation is an extension of the
Firm’s corporate social responsibility arm that director,
Nicholas Assef initiated.
The foundation’s main purpose is to support and extend
partnership development to grass roots charities in the
Asia Pacific region, understanding the need to invest in
the future of children in neighbouring communities.
lincolnecrownefoundation.org
GOVERNANCE
We are governed by our commitment as a signatory to
the UN Global Compact.
The UN Global Compact is a strategic policy initiative for
businesses that are committed to aligning their operations
and strategies to ten universally accepted principles in the
areas of human rights, labour, environment and
anti-corruption.
unglobalcompact.org
18. Graphs
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Contact us
Important Information
Information that has been prepared in this general presentation has been done
so by Lincoln Crowne & Company (‘LCC’) in good faith based on information
sourced from a variety of information points including public data, company
published information and third party data sources such as Capital IQ,
Bloomberg, IRESS, Merger Market, MDS News, Thomson Reuters and various
other news and information outlets.
Whilst it is believed that the information is accurate at the date of publication, no
responsibility will be accepted in any way from any party seeking to rely upon
this basic publicly available information for any business or investment decision.
The information has been provided by way of background general only, and
given its content is subject to continual change in fluctuating markets.
This type of presentation is intended to be used to generate high level discussion
only – and its intended use is not for any specific purpose. It is made available
on an ‘open source’ basis for convenience of the reader.
This presentation makes no prediction, projection, forecast or any other forward
looking statement, and in no way can it in any way be construed as amounting to
‘advice’ in any shape or form. No opinion, recommendation or counsel is given
nor intended to be given in this presentation. Content is provided for observation
purposes only.
Lincoln Crowne & Company holds a series of registered trademarks in the United
States of America and Australia to protect its intellectual property. Those
trademarks are “Lincoln Crowne & Company”: Reg. No. 4,107,955 with the
United States Patent & Trademark Office and the following with the Australian
Government as certified by the Registrar of Trade Marks : “Lincoln
Crowne” (Trade Mark No. 1423960); “Lincoln Crowne & Company” (Trade Mark
No. 1423961); “LCC” (Trade Mark No. 142116) and “lincolncrowne” (Trade Mark
No. 1424175).
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