Skip to main content Sanford C Bernstein And Co Strategic Decisions conference – Loews Corporation Investor Presentation | Shale Experts
Loading...
Pm

Sanford C Bernstein And Co Strategic Decisions conference – Loews Corporation

Loews Corporation · Jun 3, 2011 · 14 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Sanford C Bernstein And Co Strategic Decisions conference – Loews Corporation – slide 1
    Sanford C. Bernstein Strategic Decisions Conference Commitment to Value JAMES S. TISCH President and Chief Executive Officer Loews Corporation June 3, 2011
  2. Sanford C Bernstein And Co Strategic Decisions conference – Loews Corporation – slide 2
    Loews Corporation Our Goal is Straightforward. . . . Superior long-term stock price appreciation 50-Year Stock Price Performance from 12/31/1960 to 12/31/2010 1,000,000% Cumulative Percent Change (Log Scale) 100,000% Avg.…
  3. Sanford C Bernstein And Co Strategic Decisions conference – Loews Corporation – slide 3
    Loews Corporation Property-casualty insurance Market cap: 8.2 billion L ownership: 90%, 7.4 billion Offshore drilling Market cap: 10.2 billion L ownership: 50.4%, 5.2 billion Natural gas pipelines Market cap: 5.6 billion L…
  4. Sanford C Bernstein And Co Strategic Decisions conference – Loews Corporation – slide 4
    Loews Corporation The Conglomerate Advantage Cash flow from subsidiaries Freedom to invest across industries Financial flexibility Transparency of publicly traded subsidiaries One class of stock 4
  5. Sanford C Bernstein And Co Strategic Decisions conference – Loews Corporation – slide 5
    Loews Corporation Primary Means of Value Creation Maximizing subsidiary values Making acquisitions and investments Repurchasing stock Executing corporate transactions 5
  6. Sanford C Bernstein And Co Strategic Decisions conference – Loews Corporation – slide 6
    Loews Corporation Maximizing the Value of Subsidiaries Advise on major capital and strategic initiatives Confer regularly with management teams Monitor operational and financial performance 6
  7. Sanford C Bernstein And Co Strategic Decisions conference – Loews Corporation – slide 7
    CNA Financial CNAs operating and financial priorities Operating Priorities Financial Priorities Increase industry-specific technical Deliver solid operating income expertise while maintaining a broad appetite for good risk Align…
  8. Sanford C Bernstein And Co Strategic Decisions conference – Loews Corporation – slide 8
    Diamond Offshore Drilling Three Newbuild Ultra-Deepwater Drillships Diamond Offshore has capitalized on industry cyclicality by upgrading its fleet at a discount during downturns Three construction contracts signed in 2011 First two…
  9. Sanford C Bernstein And Co Strategic Decisions conference – Loews Corporation – slide 9
    Loews Corporation Pursuing Acquisitions and Investments Value-oriented approach Freedom to consider any industry Long-term investment horizon Careful attention to downside risks Patient investors 9
  10. Sanford C Bernstein And Co Strategic Decisions conference – Loews Corporation – slide 10
    Loews Corporation Share Repurchases From 1.3 billion shares (12/31/71) to 408 million shares (04/29/11) 1,400 As part of the Lorillard Separation, 1,200 Loews acquired 93.5 million of its shares in exchange for 65.4 million…
  11. Sanford C Bernstein And Co Strategic Decisions conference – Loews Corporation – slide 11
    Loews Corporation Corporate Transactions Diamond Offshore IPO Carolina Group Each Action Has Tracking Stock Increased the Value of Loews Lorillard Separation Common Stock Boardwalk IPO 11
  12. Sanford C Bernstein And Co Strategic Decisions conference – Loews Corporation – slide 12
    Loews Corporation Sum of the Parts Valuation Value Per Share 55 Net 50 Cash&Inv. 10.27 Discount 45 HM 9.08 3.52 40 BWP 35 8.94 30 Total No value is included for DO 52.29 Loews Hotels 25 12.63 NYSE:L General partnership 20…
  13. Sanford C Bernstein And Co Strategic Decisions conference – Loews Corporation – slide 13
    Loews Corporation 50-Year Total Return Performance Loews Stock vs. the S&P 500 Total Return from 12/31/1960 to 12/31/2010 1,000,000% Cumulative Percent Change (Log Scale) Average Annual Total Return 100,000% Loews: 17.6%…
  14. Sanford C Bernstein And Co Strategic Decisions conference – Loews Corporation – slide 14
    Loews Corporation Summary We own great businesses We are patient value investors We are focused on superior long-term returns 14

From the store

Browse maps, data & reports in the Shale Experts store