Leaders Adelaide Brighton ABC AU Mkt Cap: A$2,255m Adelaide Brighton Limited (ABC) is an integrated supplier of cement and lime to the construction, engineering and infrastructure and resource sectors in Australia. The Group's activities are the production of clinker, cement and lime products, premixed concrete and aggregates and concrete products. AGL AGK AU Mkt Cap: A$8,374m AGL (AGK) is a diversified and integrated energy company with power generation, distribution, retail, and management companies. The merger between AGL and Alinta has been completed. 2 new companies established to operate the merge operations are AGL Energy Limited (AGK) and Alinta Mergeco Limited (AAN). AGL s trading is now suspended. AGK and AAN started trading on ASX on 11 October 2005. Amcor AMC AU Mkt Cap: A$11,343m Amcor Limited (AMC) is a global packaging company with operation across five major geographic areas (over 42 countries); Australasia, North America, Latin America, Europe and Asia. Amcor offers a broad range of plastic, fibre, metal and glass packaging related products and services as well as recycling services in Australia and distribution services in North America. APA Group APA AU Mkt Cap: A$5,030m APA Group (APA), comprising the Australian Pipeline Trust and APT Investment Trust, owns Australia s largest natural gas distribution and storage infrastructure network, constituting mainly gas transmission and distribution, mostly servicing power generation, industrial, and commercial customers. Asciano AIO AU Mkt Cap: A$5,355m Asciano Limited (AIO) is a transport infrastructure business, with a focus on ports and rail. Its portfolio includes Pacific National's rail and coal operations and Patrick's port and stevedoring businesses. These businesses own and operate container terminals, bulk export facilities, stevedoring equipment and associated services, and extensive rail operations. ASX ASX AU Mkt Cap: A$6,338m ASX Limited (ASX) operates Australia's primary national securities exchanges. These include the provision of securities exchange services, derivatives exchange services, central counterparty clearing services, and registry, settlement, and delivery-versus-payment clearing financial products and associated ancillary services. It also provides market data services and investor education courses. Aurizon Holdings AZJ AU Mkt Cap: A$8,485m Aurizon Holdings Limited (AZJ) is a rail freight operator company. AZJ offers rail and road-based freight transport and infrastructure solutions across Australia. AZJ consists of seven operating businesses including Coal, Bulk Freight, Intermodal Freight, Iron Ore, Rollingstock Maintenance, Rail & Track Services, and Rail Construction. Bank of Queensland BOQ AU Mkt Cap: A$2,825m Bank of Queensland Limited (BOQ) is a financial institutional offering core banking (commercial/retail) services, equipment finance, wealth management and insurance. BOQ uses its unique concept of the Owner-Managed Branch (OMB), which is a partnership between the Bank of Queensland (franchisor) and experienced bank managers (franchisees) to provide banking services. The bank operates a network of over 280 branches Australia-wide.
Leaders Boral BLD AU Mkt Cap: A$3,694m Boral Limited (BLD) is an international building and construction materials company headquartered in Sydney, Australia. Boral s core businesses are Cement and Constructions Materials in Australia, Plasterboard in Australia and Asia, and Bricks and Roof tiles in Australia and USA. Caltex Australia CTX AU Mkt Cap: A$5,041m Caltex Australia Limited (CTX) is a transport fuel supplier, convenience retailer and an integrated oil refining and marketing company. It operates two major refineries at Kurnell in Sydney and Lytton in Brisbane. The company also operates with a myriad of subsidiaries; Caltex Australia Custodians, Caltex Australia Petroleum, Caltex Fuel Services, Petroleum Services, Hunter Pipe Line Company, B&S Distributors and Jet Fuels Petroleum Distributors. Fletcher Building FBU NZ Mkt Cap: N$6,013m Fletcher Building Limited (FBU) delivers building products, construction materials and services across Australasia, Asia, the Americas, Europe, the Middle East and the South Pacific. Its main divisions are building products, concrete, construction, crane, distribution, laminates & panels and steels. Flight Centre FLT AU Mkt Cap: A$3,345m Flight Centre Limited (FLT) is engaged in travel agency business. The Company provides a complete travel service for leisure and business travelers in Australia, New Zealand, the United States, Canada, the United Kingdom, Africa, Middle East, Asia, New Zealand, and Europe. Fortescue Metals Group FMG AU Mkt Cap: A$15,040m Fortescue Metals Group Ltd (FMG, formerly Allied Mining & Processing Limited) is an iron ore production and exploration company with assets located in Western Australia. Myer MYR AU Mkt Cap: A$1,814m Myer Holdings Limited (MYR) operates department store. MYR has a national network of 67 stores in Australia including MYR retails designer, national, and international fashion and apparel for men, women, and children, and operates a consumer loyalty program. MYR focuses on its retail presence and execution, with a mix of house-brand and leased retail space areas. Oil Search OSH AU Mkt Cap: A$9,851m Oil Search Limited (OSH) is engaged in the exploration, development and production of oil and gas in Papua New Guinea (PNG). OSH s main producing operations are Kutubu, Moran, SE Mananda, Gobe and Hides, which provided total oil and gas production of 7.657 MMboe (net) for FY10. Origin Energy ORG AU Mkt Cap: A$12,581m Origin Energy (ORG) is an Australasian integrated energy company focusing on energy markets in Australia and New Zealand. Origin has diverse operations spanning across the energy supply chain; from gas exploration and production to power generation and energy retailing. Origin also has minor operations in the Pacific, South East Asia, Papua New Guinea, Chile, Indonesia and Kenya.
Leaders Qantas Airways QAN AU Mkt Cap: A$3,676m Qantas Airways Limited (QAN) main business is the transportation of passengers. In addition to its Qantas and Jetstar brand flying operations, the Qantas Group operates a portfolio of airline related businesses. These include Qantas Engineering, Airports, Q Catering, Qantas Freight, Qantas Defence Services, Qantas Holidays and the Qantas Frequent Flyer Program. Ramsay Health Care RHC AU Mkt Cap: A$6,145m Ramsay Health Care Limited (RHC) is Australia s largest private hospital operator. The company has grown through acquisitive consolidation and has become a global hospital group operating across Australia, the United Kingdom, France and Indonesia. Santos STO AU Mkt Cap: A$11,263m Santos Limited (STO) operates in the exploration, development, production, transportation and marketing of hydrocarbons. Santos produces natural gas to Australian, Indonesian and other Asian markets. Santos has also developed oil and liquids businesses in Australia, Indonesia and Vietnam. Santos also focuses on transformational liquefied natural gas (LNG) strategy and has interests in four LNG projects in Australia. Skycity Entertainment SKC AU Mkt Cap: A$2,412m Skycity Entertainment Group (SKC) operates gambling and entertainment business in Australia and New Zealand. SKC has casinos in Auckland, Hamilton, Queenstown, Adelaide and Darwin. SKC also operates restaurants, bars, hotels and convention centres. Sydney Airport SYD AU Mkt Cap: A$5,919m Sydney Airport (SYD) is one of the oldest continually operating airports in the world. It is an international gateway and a part of Australia's transport network that connects Sydney to 46 international, 23 domestic interstate and 28 regional destinations. Sydney Airport is conveniently located only 8km from the city centre and less than 10km from major tourist attractions. Telstra Corporation TLS AU Mkt Cap: A$59,229m Telstra Corporation Limited (TLS) is a provider of telecommunications and information products and services through its Australian and offshore operations. TLS has a wide range of businesses namely fixed broadband, mobile, data and IP, network application & services (NAS), digital media and international. Transurban Group TCL AU Mkt Cap: A$9,038m Transurban Group (TCL) is involved in the development, operation, and maintenance of toll roads business in Australia and North America. Wesfarmers WES AU Mkt Cap: A$40,075m Wesfarmers Limited (WES) is a diversified covering supermarkets, department stores, home improvement and office supplies; coal mining; insurance; chemicals, energy and fertilisers; and industrial and safety products. List of Participating Companies is subject to change Reference: IRESS ** Source: Company data
Emerging Leaders Amcom Telecommunications AMM AU Mkt Cap: A$429m Amcom Telecommunications Limited (AMM) provides fibre-based telecommunications services to corporate, government, SME, retail and other telecommunications. ARB Corporation ARP AU Mkt Cap: A$892m ARB Corporation Limited (ARP) manufactures, distributes and sells four-wheel drive vehicle accessories in Australia and internationally, as well as some light engineering works. Ardent Leisure AAD AU Mkt Cap: A$597m Ardent Leisure Group (AAD) is a specialist operator of leisure and entertainment assets across Australia, New Zealand and the United States. AAD operates Dreamworld, WhiteWater World, SkyPoint, d Albora Marinas, AMF and Kingpin bowling centres and Goodlife fitness centres across Australia and New Zealand. AAD also operates the Main Event family entertainment centres in the United States. Austal ASB AU Mkt Cap: A$228m Austal Limited (ASB) designs and manufactures customised aluminium defence and commercial vessels and its customers include many of the world s leading ferry operators and defence forces. Austal s product range includes passenger and vehicle-passenger ferries, patrol boats, theatre support vessels, combat ships, multi-role vessels and luxury private live-aboards. Austal is also an established provider of worldwide vessel maintenance and management services. Austbrokers Holdings AUB AU Mkt Cap: A$524m Austbrokers Holdings Limited (AUB) operates as a network of insurance broking and financial services focusing on clients across Australia. AUB provides underwriting agency and financial services to brokers. AUB services include general insurance, life insurance and investment products. Brickworks BKW AU Mkt Cap: A$1,880m Brickworks Limited (BKW) is a diversified group of companies that engage in manufacturing and distribution of clay and concrete product, property development and realisation, and investment. BKW operates in Australia and New Zealand. BKW also owns a 42.72% interest in associate Washington H Soul Pattinson (SOL). Cardno CDD AU Mkt Cap: A$1,039m Cardno Limited (CDD) is an integrated professional services provider delivering the specialist expertise necessary to create and improve the physical and social infrastructure that underpins communities around the world. Clough CLO AU Mkt Cap: A$1,005m Clough Limited (CLO) is an Australia based integrated engineering, procurement and construction company specializing in the delivery of oil and gas projects across Australia, South East Asia and the USA. The Group s services range from concept development through design, construction, installation, commissioning, operations and maintenance. CLO s operating structure includes Capital Projects, Marine Construction and Asset Support. Corporate Travel Management CTD AU Mkt Cap: A$297m Corporate Travel Management Limited (CTD) is a provider of travel management solutions to the corporate market. CTD is a member of the GlobalStar worldwide network of 70 travel management companies which allows them to provide a seamless international service for its clients.
Emerging Leaders ERM Power EPW AU Mkt Cap: A$393m ERM Power (EPW) is one of the electricity suppliers to the business customer market in Queensland and a growing presence in other States. ERM Power develops, has ownership interests in, and operates low emission gas-fired power stations, sells electricity to the larger end of the business customer market, and has a small but complementary gas business focused on procurement of long term gas supplies. FlexiGroup FXL AU Mkt Cap: A$1,200m FlexiGroup Limited (FXL) is a provider of vendor and retail point-of-sale finance and telecommunication services in Australia, New Zealand and Ireland. FXL provides credit facilities and other financing methods to customers acquiring goods or services at the time of their initial purchase of these goods and services. FXL operates four main businesses, namely, Leasing Retail, Leasing Vendor & Commercial, Telecommunications, and Interest Free Loan. Goodman Fielder GFF AU Mkt Cap: A$1,437m Goodman Fielder Limited (GFF) is a food company owing the major grocery brands Meadow Lea, Praise, White Wings, Pampas, Mighty Soft, Helga's, Wonder White, Vogel's (under licence), Meadow Fresh and Irvines. GFF manufactures products in almost 50 plants in Australia, New Zealand, Papua New Guinea, Fiji and New Caledonia and distributes to over 30,000 outlets every day including supermarkets, route outlets and food service customers. iinet IIN AU Mkt Cap: A$779 iinet Limited (IIN) is a DSL Internet Service Provider (ISP) supporting over 1.3 million broadband, telephony and Internet Protocol TV services across Australia. The company employs over 1,800 staff across Australia, New Zealand and South Africa. In March 2011, iinet had the second most DSL subscribers in the country. Products include: internet access, phone, domains & hosting, hardware & software, fetchtv, and BoB. Invocare IVC AU Mkt Cap: A$1,197m Invocare Limited (IVC) owns and operates funeral homes, cemeteries and crematoria around Australia, New Zealand and Singapore. The company operates funeral homes under the brands White Lady Funerals and Simplicity Funerals among others. IOOF Holdings IFL AU Mkt Cap: A$1,908m IOOF Holdings Limited (IFL) is an Australian financial services provider, offering financial products and portfolio administration services including investments, superannuation, immediate and deferred annuities, and investment trusts, in addition to financial planning and advisory, stockbroking, estate planning and administration, and trustee services. At March 2011, IFL had $104.5 billion in Funds Under Management, Administration, Advice and Supervision. JB Hi-Fi JBH AU Mkt Cap: A$1,340m JB Hi-Fi Limited (JBH) is a specialty discount retailer of branded home entertainment products. The Group's products particularly focus on consumer electronics, electrical goods and software including music, games and movies. The company primarily operates from stand alone destination sites and shopping centre locations in Australia and New Zealand. Jumbo Interactive JIN AU Mkt Cap: A$93m Jumbo Interactive Limited (JIN) is an online lottery business. JIN has created the Ozlotteries.com website which sells lottery tickets both in Australia and legible international jurisdictions, and internet database management/marketing. JIN has three divisions namely, OzLotteries.com; Jumbo Studios; and The Lottery Results Network. Kathmandu KMD AU Mkt Cap: A$392m Kathmandu Holdings Limited (KMD) designs, markets and retails of clothing and equipment for travel and adventure market. KMD has 44 stores in New Zealand, 74 stores in Australia and 6 stores in UK.
Emerging Leaders Macquarie Atlas Roads MQA AU Mkt Cap: A$775m Macquarie Atlas Roads (MQA) is a global toll road developer and operator with a stapled structure made up of one security of Macquarie Atlas Roads Limited, stapled to one in Macquarie Atlas Roads International Limited. McMillan Shakespeare MMS AU Mkt Cap: A$1,108m McMillan Shakespeare Limited (MMS) provide salary packaging to public and private organisations in Australia and New Zealand. MMS also provides a complementary fleet management service, including the procurement of motor vehicles and finance and the management of fuel card and service maintenance programs. Mermaid Marine Australia MRM AU Mkt Cap: A$900m Mermaid Marine Australia Limited (MRM) is Australia s largest marine services provider to the offshore oil and gas industry. The business is split into three divisions: Vessels, Supply Bases and Slipway. The company has a range of supply bases and modern offshore vessels to provide clients with marine logistics services throughout all phases of the offshore and gas development cycle. Mineral Resources MIN AU Mkt Cap: A$2,106m Mineral Resources Limited (MIN) is a leading Australian based diversified mining service, contracting, processing and commodities production company which operates its activities through subsidiaries. MIN s portfolio of market brands includes PIHA, Crushing Services International, Process Minerals International, Polaris Metals and Mesa Minerals. MYOB MYO AU Mkt Cap: A$401m The MYOB Group (MYO) is a global developer and publisher of accounting and business management software, and a provider of services for Small and Medium sized Enterprises (SME). MYOB has operations in Australia, New Zealand, USA, Latin America, UK, Malaysia, Singapore and Hong Kong. Navitas NVT AU Mkt Cap: A$1,888m Navitas Limited (NVT, formerly IBT Education Ltd) is an education services provider operating in multiple cities around the world, providing educational services including university programs, language training, workforce education, and student recruitment. Principally, it offers pathway programs at colleges and universities in Australia, the UK, Canada, Singapore, and the USA. NIB Holdings NHF AU Mkt Cap: A$1,005m NIB Holdings Limited (NHF) is a national provider of private health insurance, life insurance, travel insurance and related health care activities to more than 900,000 people nationwide. NHF s strategy is to provide innovative, low cost health insurance products. Nufarm NUF AU Mkt Cap: A$1,256m Nufarm Limited (NUF) is a global crop protection company. NUF develops, manufactures and sells a wide range of crop protection products, including herbicides, insecticides and fungicides. NUF sells its products in most of the world s major agricultural regions, and operates primarily in the off-patent segment of the crop protection market. NUF operates along two business lines, being crop protection and seed technologies. Pacific Energy PEA AU Mkt Cap: A$163m Pacific Energy Limited (PEA) is a power generation project developer and owner, headquartered in Perth, Western Australia. PEA is focused on the development, ownership and maintenance of mine site and renewable energy power stations. Currently, PEA operates two main businesses namely Kalgoorlie Power Systems and Victorian Hydro Generation.
Emerging Leaders Peet PPC AU Mkt Cap: A$336m Peet Limited (PPC) is an Australian property company, dedicated to asset and funds management, land and property development and land syndication. The company is currently developing land estates in Western Australia, Victoria, Queensland and New South Wales. RCR Tomlinson RCR AU Mkt Cap: A$293m RCR Tomlinson Limited (RCR) is a multi-disciplined engineering company with operations from over 60 locations across Australia, New Zealand and Asia. The company operates four business divisions: RCR Mining, RCR Energy, RCR Resources and RCR Power. Royal Wolf Holdings RWH AU Mkt Cap: A$297m Royal Wolf Holdings Limited (RWH) is a provider of portable container solutions to the resources, construction, retail and manufacturing industries in Australia and New Zealand. The company sells and leases its fleet of containers through 23 customer service centres. RWH operates 3 product segments: 1) Portable Storage, 2) Portable Buildings and 3) Freight. Ryman Healthcare RYM NZ Mkt Cap: N2,265m Ryman Healthcare Limited (RYM) is the provider of Retirement Living options for New Zealanders over the age of 70. The company provides a range of retirement living and care options, including Independent Townhouses & Apartments, Serviced Apartments and a Care Centre providing Resthome, Hospital & Dementia level care. SAI Global SAI AU Mkt Cap: A$733m SAI Global Limited (SAI) is an applied information services company that helps organisations manage risk, achieve compliance and drive business improvement through its information services, compliance and assurance divisions. Products and services are based on a collection of more than 6,500 Australian Standards, in addition to foreign standards, International Standards and other business improvement methodologies. Sigma Pharmaceuticals SIP AU Mkt Cap: A$787m Sigma Pharmaceuticals Limited (SIP) is a full line wholesale and distribution business to pharmacy. SIP is also the owner of the Amcal, Guardian and Amcal Max brands. Silver Chef SIV AU Mkt Cap: A$191m Silver Chef Limited (SIV) provides equipment funding small-to-medium business through its unique funding models, namely, Rent-Try-Buy, Rent.Grow.Own and Own.plus Solutions. SIV focuses on long term rentals of commercial equipment to small-to-medium enterprises across Australia and New Zealand. SIV operates under two brands: Silver Chef hospitality assets; and GoGetta broader commercial equipment. Sirtex Medical SRX AU Mkt Cap: A$627m Sirtex Medical Limited (SRX) is a biotechnology and medical device group whose primary objective is to manufacture and to distribute effective liver cancer treatments utilising small particle technology to approved markets in Asia Pacific, EMEA (Europe, Middle East & Africa) and USA. SRX s key product is SIR-Spheres microspheres, the treatment for liver cancer. Skilled Group SKE AU Mkt Cap: A$794m Skilled Group Limited (SKE) is Australia and New Zealand s provider of labour and workforce services. The Company provides total workforce management, flexible labour solutions and project-based workforce solutions. SKE has four operating segments, being Workforce Services, Other Staffing Services, Engineering and Marine Services and Business Services. It has a network of over 170 offices across Australia, New Zealand, United Kingdom, Malta and United Arab Emirates.
Emerging Leaders Slater & Gordon SGH AU Mkt Cap: A$403m Slater & Gordon Limited (SGH) is a law firm specialising in personal injury, insurance claims, commercial, family and asbestos-related law. The company has 50 offices in Australia. SMS Management & Technology SMX AU Mkt Cap: A$364m SMS Management & Technology Limited (SMS) is a consulting, technology and systems integration company. SMS specialise in improving operational performance and IT delivery by addressing everything from business integration to compliance, process improvement to change management and technology strategy to systems integration and application development. Offices are located in Australia and Hong Kong. Summerset Group SUM NZ Mkt Cap: NZ$639m Summerset Group (SUM) is reportedly the third largest operator and the second largest developer of retirement villages and aged care facilities in New Zealand. Summerset is one of the few retirement village operators to provide a continuum of care at its Villages. Super Retail Group SUL AU Mkt Cap: A$2,171m Super Cheap Auto Group (SUL) is a retailer of auto parts, auto accessories, auto tools and equipment, boating, camping, and fishing equipment, and a wholesaler, retailer and distributor of bicycles and bicycle accessories. Tox Free Solutions TOX AU Mkt Cap: A$354m Tox Free Solutions Limited (TOX) is an integrated waste management and environmental service provider in Australia. The Company provides a range of waste management services including hazardous and non hazardous waste disposal, solid waste management and recycling, liquid waste treatment and household hazardous waste collection. The company has 23 strategically located sites to enable the management of a broad range of industrial and hazardous wastes. The Reject Shop TRS AU Mkt Cap: A$446m The Reject Shop Limited (TRS) is a discount variety retailer of general merchandise products. The discount variety retailer has around 247 stores as of November 2012 in its total network focusing on low price points, convenient store locations offering a variety of merchandise. TRS offers a variety of general consumer merchandise, with particular focus on everyday needs and lifestyle and seasonal merchandise. Stores are spread across Australia. Transpacific Industries TPI AU Mkt Cap: A$1,468m Transpacific Industries Group (TPI) provides integrated industrial cleaning, recycling and total waste management solutions to customers across Australia and New Zealand. TPI is also a player in the domestic heavy-duty commercial vehicles industry. Virgin Australia Holdings VAH AU Mkt Cap: A$1,081m Virgin Australia Holdings Limited (VAH, formerly Virgin Blue Holdings Limited) established itself as a low-cost carrier under the new brand 'Virgin Australia' for both domestic and international operations. List of Participating Companies is subject to change Reference: IRESS
Resources Aquila Resources AQA AU Mkt Cap: A$745m Aquila Resources Limited (AQA) is an ASX listed company with project interests in iron ore, coal and manganese in Australia and South Africa. The Company's primary focus is the development of the West Pilbara Iron Ore Project and Eagle Downs Hard Coking Coal Project. Arrium ARI AU Mkt Cap: A$1,480m Arrium Limited (ARI) is an international diversified mining and materials company with three key businesses: Arrium Mining, Arrium Mining Consumables and OneSteel Steel & Recycling. Atlas Iron AGO AU Mkt Cap: A$1,406m Atlas Iron Limited (AGO) is an iron ore producer located in Western Australia. Projects are predominantly located within the Northeast Pilbara region and cover approximately 26,000km2 of ground prospective for iron ore. AWE AWE AU Mkt Cap: A$694m AWE Limited (AWE, formerly Australian Worldwide Exploration Limited) is engaged in exploration, development and production of oil, gas and condensate primarily in Australia and New Zealand. AWE concentrate on exploration and appraisal-type assets, in regions of proven prospectivity and where there is a high chance of commercial success. BC Iron BCI AU Mkt Cap: A$491m BC Iron Limited (BCI) is an iron ore development and mining company with key project in the Pilbara region of Western Australia. BCI s core proejct is the Nullagine Iron Ore Project, a 75/25 joint venture with Fortescue Metals Group (FMG). Beach Energy BPT AU Mkt Cap: A$1,773m Beach Energy Limited (BPT, formerly Beach Petroleum) is involved in oil and gas exploration, development and production, as well as investment in resource industry. BPT has interests in more than 300 exploration and production tenements both in Australia and internationally, with its primary production and exploration focus in the Cooper-Eromanga Basin in central Australia. As at June 2011, BPT had 2P reserves of 77 MMboe and 2C contingent resources of 660 MMboe. The FY11 production was 6.6 MMboe. Beadell Resources BDR AU Mkt Cap: A$609m Beadell Resources Limited is a gold development company with portfolio of gold exploration tenements in Australia and Brazil. BDR s flagship projects are Tucano and Tartaruga project in Brazil. Buru Energy BRU AU Mkt Cap: A$630m Buru Energy Limited (BRU) is oil and gas exploration and production company, focusing on the Canning Superbasin, in the southwest Kimberley region of Western Australia. BRU has net equity acreage position of approximately 58,000sqkm in the prospective onshore basin, with the current focuses on Ungani Field and Regional Gas Accumulations. Chesser Resources CHZ AU Mkt Cap: A$29m Chesser Resources Limited (CHZ) is an exploration company focusing on gold and base metals exploration in Turkey. CHZ s primary focus is exploration program on Kestanelik Epithermal Gold Project. Cockatoo Coal COK AU Mkt Cap: A$71m Cockatoo Coal Limited (COK) is an emerging PCI and thermal coal production company, with operations in the Bowen and Surat Basins of central Queensland, Australia. The company acquired control of the Baralaba Coal Mine, adding to numerous other projects in the Bowen Basin and the Surat Basin.
Resources Evolution Mining EVN AU Mkt Cap: A$1,307m Evolution Mining Limited (EVN) is a mining exploration and development company focusing on gold. In June 2011, Evolution Mining was formed by the merger of equals of Catalpa Resources and Conquest Mining. During the same period, the newly formed company also purchased the interests of Newcrest Mining in the Cracow and Mr Rawdon gold projects. Gryphon Minerals GRY AU Mkt Cap: A$138m Gryphon Minerals Limited (GRY) is a minerals exploration company with a specific focused on gold, uranium and base metals. GRY s flagship project is Banfora Gold Project in Burkina Faso, West Africa. GRY also has interests in projects located in Australia and West Africa. Horizon Oil HZN AU Mkt Cap: A$294m Horizon Oil Limited (HZN) is an oil and gas exploration, development and production company with projects located in New Zealand, Papua New Guinea and China. The company focuses on three main areas, being the producing Maari field offshore New Zealand, and Papua New Guinea and assets under development in China. Independence Group IGO AU Mkt Cap: A$1,060m Independent Group NK (IGO) is a mining and exploration company focusing primarily on mineral exploration and nickel, copper and zinc mining in Australia. IGO operates mainly in four segments, being Long Nickel Mine, Jaguar/Bentley, Development Projects (Tropicana Gold and Stockman Projects), and other regional exploration. Indochine Mining IDC AU Mkt Cap: A$54m Indochine Mining Limited (IDC) is a mining and exploration company focusing on gold and copper exploration. IDC s projects are located in Papua New Guinea and Cambodia. Ivanhoe Australia IVA AU Mkt Cap: A$1,046m Ivanhoe Australia Limited (IVA) is a minerals exploration and development company with projects located in northwest Queensland near Cloncurry. Following the ASX listing, IVA s parent Vancouver-based Ivanhoe Mines Ltd retains 62% of the company. IVA s key assets are its Cloncurry district exploration tenements covering an area of over 2,250 square kilometres and it has a direct investment in Exco Resources. Kingsgate Consolidated KCN AU Mkt Cap: A$1,096m Kingsgate Consolidated Limited (KCN) is a gold producer and exploration company. The company owns and operates the Chatree Gold Project, located in central Thailand. Through the acquisition of Dominion Mining, KCN is also operator of the Challenger gold project as well as numerous smaller projects. Mirabela Nickel MBN AU Mkt Cap: A$482m Mirabela Nickel Limited (MBN) is a base metals exploration, development and production company with a specific focused on nickel. The flagship s project is Santa Rita in Brazil. OceanaGold Corporation OGC AU Mkt Cap: A$613m OceanaGold Corporation Limited (OGC) is a gold producer with a portfolio of operating, development and exploration assets. Assets are located on the South Island of New Zealand and the Philippines. PanAust PNA AU Mkt Cap: A$1,423m PanAust Limited (PNA) is a copper-gold producer with operations in South East Asia and has a portfolio of growth projects in Laos and Chile. Key producing assets are the Phu Kham Operation and the Ban Houayxai Operation. PNA is headquartered in Brisbane with its operations in Laos, Chile and Thailand.
Resources Panoramic Resources PAN AU Mkt Cap: A$111m Panoramic Resources (PAN) is a mining company focusing on two nickel operating mine, Savannah and Lanfranchi Projects, in Western Australia. PAN also holds development projects, with a focus on gold and PGMs. Papillon Resources PIR AU Mkt Cap: A$389m Papillon Resources Ltd (PIR) is a gold developer in West Africa. The company focuses on fast-tracking the exploration, appraisal and development of its flagship Fekola Project, located in South Western Mali. PIR has joint venture interests in a portfolio of gold tenements totaling approximately 1,500 sqkm (granted licences and applications) in Western and Southern Mali. Perseus Mining PRU AU Mkt Cap: A$623m Perseus Mining Limited (PRU) is a gold mining, exploration, evaluation and development corporation with activities focussed on under-explored gold belts located in West Africa. PRU s principal assets are located in Ghana and the Ivory Coast in Africa, comprising Edikan Gold Mine,Tengrela Gold Project and Grumesa Gold Project. PRU s shares are also listed on the Toronto Stock Exchange (TSX) and the German Stock Exchange. Senex Energy SXY AU Mkt Cap: A$798m Senex Energy Limited (SXY) is a diversified energy company engaged in exploration and production of oil and gas in Cooper Basin and coal seam gas in the Surat Basin. The Company also engages in the exploration and development of unconventional gas in the South Australia Cooper Basin. Tiger Resources TGS AU Mkt Cap: A$205m Tiger Resources Limited (TGS) is an Australian-based company focused on the discovery and development of copper/cobalt deposits in the Africa Copper Belt in the Democratic Republic of Congo (DRC). The Company s two main projects are the Kipoi and Lupoto Projects. Western Areas WSA AU Mkt Cap: A$799m Western Areas Limited (WSA) is an Australian-based nickel sulphide explorer and producer. The Company's core asset is the 100% owned Forrestania Nickel Project, 400km east of Perth, Western Australia. Flying Fox and Spotted are WSA's two operating mines, producing approx 25,000tpa nickel in ore. WSA also has interest in projects overseas through investments in Mustand Minerals (Canada) and FinnAust Mining (Finland), and 100% interest in Bioheap Ltd, a patented bacterial leaching technology. List of Participating Companies is subject to change. Reference: IRESS
Property / Contractors CFS Retail Property Trust CFX AU Mkt Cap: A$5,770m CFS Retail Property Trust (CFX) is a retail sector-specific Australian Real Estate Investment Trust (A-REIT) which invests in high quality regional and sub-regional shopping centres across Australia. It boasts some of Australia's premier centres including Chadstone in Melbourne, Chatswood Chase in Sydney and the Myer Centre in Brisbane. It is managed by a subsidiary of Commonwealth Bank of Australia. Charter Hall Group CHC AU Mkt Cap: A$1,070m Charter Hall Group (CHC) is a property fund manager and developer, manages a suite of wholesale and retail unlisted property funds in which it holds investments. The managed funds are of a core-plus or opportunistic style comprising assets of varying quality in pre, during and post development stages, being diversified across the commercial, retail and industrial sectors and geographically across the larger Australian and New Zealand cities. Dexus Property Group DXS AU Mkt Cap: A$5,154m Dexus Property Group (DXS) is an Australian property groups specialising in owning, managing and developing office, industrial and retail properties. Dexus invests in office and industrial properties and, on behalf of third party clients, is a manager and developer of office, industrial and retail properties. The company operates in Australia, New Zealand, North America and Europe. Federation Centres FDC AU Mkt Cap: A$3,398m Federation Centres (FDC) is a vertically integrated Australian Real Estate Trust specialising in the ownership and management of Australian shopping centres. It provides a full suite of property services including retail development, property management, leasing, financial, sustainability and fund administration. The company has over $6 billion of shopping centres under management with offices in Melbourne, Sydney, Brisbane, Perth and Adelaide. Investa Office Fund IOF AU Mkt Cap: A$1,879m The Investa Office Fund (IOF,formerly ING Office Fund) has been formed by the stapling of the units in two Australian registered schemes, Armstrong Jones Office Fund and Prime Credit Property Trust. The principal activity of the Trusts is investment in real estate. IOF owns an internationally diversified portfolio of office properties, many leased to government and blue chip tenants. Downer EDI DOW AU Mkt Cap: A$2,283m Downer EDI Limited (DOW) provides comprehensive engineering and infrastructure management services to customers in the Minerals & Metals, Oil & Gas, Power, Transport, Telecommunications, Water and Property sectors. Downer employs over 20,000 people, primarily in Australia and New Zealand but also in the Asia-Pacific region, South America and South Africa. Downer s three business divisions are Downer Infrastructure, Downer Mining and Downer Rail. Forge FGE AU Mkt Cap: A$460m Forge Group Limited (FGE) is Engineering, Procurement and Construction (EPC) service provider delivering end-to-end EPC turnkey solutions to the power and infrastructure, minerals and resources, and oil and gas sectors in Australasia and Africa. FGE s head quarter is located in Perth, Western Australia. FGE consists of four business units: Forge Group Minerals & Resources, Forge Group Power, Forge Group Construction and Forge Group Asset Management. Transfield Services TSE AU Mkt Cap: A$933m Transfield Services Limited (TSE) is an international provider of operations, maintenance, asset management and project management services. It operates in Australia, New Zealand, the United States, the United Arab Emirates, Qatar, South East Asia, India and Canada across diverse industries, including mining and process, hydrocarbons, roads, rail and public transport, water, power, telecommunications, facilities management and defence.
Property / Contractors Worley Parsons WOR AU Mkt Cap: A$6,353m Worley Parsons Limited (WOR) provides professional services to the oil & gas, power, minerals & metals and infrastructure & environment industries, including feasibility studies, design, project services, upgrade services and maintenance services. WOR service capability covers the entire asset lifecycle: from identifying the opportunity to the operating phase. List of Participating Companies is subject to change. Reference: IRESS
International Companies Sanofi SAN FP F$99k Sanofi (SAN) is a global pharmaceutical company that researches, develops and manufactures prescription pharmaceuticals and vaccines. The Company develops cardiovascular, thrombosis, metabolic disorder, central nervous system, internal medicine and oncology drugs, and vaccines. Macquarie Analysts Vikas Dwivedi Global Oil & Gas Sector Head Vikas has a 20 year career in the oil, gas, and power sectors that spans operations, trading, and research. Vikas was most recently a derivatives trader at BTU Capital in Houston, TX. Prior, he was a Principal at Quantum Energy Partners, a $5 billion AUM, an upstream oil and gas focused private equity firm. Between 2001 and 2008, Vikas was the senior research analyst and executive director at Morgan Stanley and Prudential Equity Group covering the power sector. Prior to equity research, Vikas worked in Enron's natural gas trading and power plant development groups. He began his career at Shell Oil where he was a crude and products derivatives trader and a refinery operations engineer. He holds bachelors and masters degrees in chemical engineering and an MBA. David Ng Senior Chinese Property Analyst David Ng, joined Macquarie in September 2011 as the Head of China & HK Property Research. Before joining Macquarie, David worked as the Regional Head of Property at RBS, covering HK and China real estate companies. Prior to that, he was a Director at UBS covering China properties. Before that, he was at Morgan Stanley focusing on Hong Kong conglomerates and at BOCI analysing the China pharmaceutical sector. David graduated from UBC in Vancouver, with a Bachelor of Science Degree in Pharmaceutical Science, where he subsequently obtained an MBA degree. In addition, David is a qualified member of the CFA Institute. Graeme Train Senior Commodities Analyst
Important disclosures: Recommendation definitions Macquarie - Australia/New Zealand Outperform return >3% in excess of benchmark return Neutral return within 3% of benchmark return Underperform return >3% below benchmark return Benchmark return is determined by long term nominal GDP growth plus 12 month forward market dividend yield Macquarie Asia/Europe Outperform expected return >+10% Neutral expected return from -10% to +10% Underperform expected return <-10% Macquarie First South - South Africa Outperform expected return >+10% Neutral expected return from -10% to +10% Underperform expected return <-10% Macquarie - Canada Outperform return >5% in excess of benchmark return Neutral return within 5% of benchmark return Underperform return >5% below benchmark return Macquarie - USA Outperform (Buy) return >5% in excess of Russell 3000 index return Neutral (Hold) return within 5% of Russell 3000 index return Underperform (Sell) return >5% below Russell 3000 index return Volatility index definition* This is calculated from the volatility of historical price movements. Very high highest risk Stock should be expected to move up or down 60 100% in a year investors should be aware this stock is highly speculative. High stock should be expected to move up or down at least 40 60% in a year investors should be aware this stock could be speculative. Medium stock should be expected to move up or down at least 30 40% in a year. Low medium stock should be expected to move up or down at least 25 30% in a year. Low stock should be expected to move up or down at least 15 25% in a year. * Applicable to Australian/NZ/Canada stocks only Recommendations 12 months Note: Quant recommendations may differ from Fundamental Analyst recommendations Financial definitions All "Adjusted" data items have had the following adjustments made: Added back: goodwill amortisation, provision for catastrophe reserves, IFRS derivatives & hedging, IFRS impairments & IFRS interest expense Excluded: non recurring items, asset revals, property revals, appraisal value uplift, preference dividends & minority interests EPS = adjusted net profit / efpowa* ROA = adjusted ebit / average total assets ROA Banks/Insurance = adjusted net profit /average total assets ROE = adjusted net profit / average shareholders funds Gross cashflow = adjusted net profit + depreciation *equivalent fully paid ordinary weighted average number of shares All Reported numbers for Australian/NZ listed stocks are modelled under IFRS (International Financial Reporting Standards). Recommendation proportions For quarter ending 31 December 2012 AU/NZ Asia RSA USA CA EUR Outperform 47.87% 54.89% 54.41% 41.93% 60.86% 44.14% (for US coverage by MCUSA, 6.10% of stocks followed are investment banking clients) Neutral 37.94% 26.41% 38.24% 52.16% 33.70% 27.73% (for US coverage by MCUSA, 4.91% of stocks followed are investment banking clients) Underperform 14.19% 18.70% 7.35% 5.91% 5.44% 28.13% (for US coverage by MCUSA, 3.33% of stocks followed are investment banking clients) Company Specific Disclosures: Important disclosure information regarding the subject companies covered in this report is available at www.macquarie.com/research/disclosures. Analyst Certification: The views expressed in this research accurately reflect the personal views of the analyst(s) about the subject securities or issuers and no part of the compensation of the analyst(s) was, is, or will be directly or indirectly related to the inclusion of specific recommendations or views in this research. 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