Download - Lincoln crowne energy leaders 21062013
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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
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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
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INDEX, CURRENCY & COMMODITY MOVEMENTS
Section 1
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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
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ASX 100 Index – 3 Year Horizon
Technical indicators like MACD suggest ASX 100 Index ‘oversold’ Source : CapitalIQ, LCC, Exchange Data
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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
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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
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NYMEX Crude Oil – 1 Year Horizon
Crude oil price moving rapidly higher since May 2013 Source : CapitalIQ, LCC, Exchange Data
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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
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ENERGY LEADERS VS ASX 100 INDEX
Section 2
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• Woodside Petroleum • Santos • Beach Energy • Origin Energy
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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
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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
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ENERGY LEADERS VALUATION PERFORMANCE
Section 3
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• Woodside Petroleum • Santos • Beach Energy • Origin Energy
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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
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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
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LCC CAPABILITIES, SOCIAL RESPONSIBILITY, IMPORTANT INFORMATION & CONTACT DETAILS
Appendix
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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
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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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