A Capital Opportunity A Global Market for Oil & Gas Companies CAPP ScotiaBank Investment Symposium ? April 2014
3 Canada and TSX: Strong Fundamentals Economically stable ? Canada is the fifth largest equity market by float capitalization in the MSCI World Index ? World?s soundest banking system ? Lowest debt-to-GDP among G7 ? Strong equity…
Canadian Markets?Global Leaders 4 1st In Listed Renewable Energy and Clean Technology Companies 2nd In New Listings 3rd In New International Listings In Equity Capital Raised 7th In Market Capitalization and Value Traded 2nd…
The World Lists on TSX and TSXV 5 TSX and TSXV International Listings by Country/Region Total International Listings as at December 31 2013= 314 TSX = 164 Listings | QMV=$151 B TSXV = 150 Listings | QMV= $2.8 B
The World Trades on TSX and TSXV ~40% of daily trading originates from international brokers 7th in the world in value traded
583 graduates +147 M&A* Market Capitalization, December 31, 2013 Service at All Stages of Growth Serving all Market Caps A Unique Market Structure with Strong Feeder System From January 1, 2000 ? December 31, 2013 35% 29% 36%…
Access to Capital 8 Toronto Stock Exchange and TSX Venture Exchange Total Financings (C$ Billions) 1999 ? 2013 TSX Venture Exchange commenced operations on November 29, 1999 19.2 23.1 20.9 25.8 29.1 28.4 46.2 41.8 47.6 35.3…
Oil & Gas by the Numbers $5.2B Equity Capital Raised $3.9B TSX + $1.3B TSXV 15 New Listings 9 TSX + 6 TSXV $375B Market Capitalization $364B TSX + $11B TSXV 369 Issuers 110 TSX + 259 TSXV Number of Financings 72 TSX + 174…
Leader in Energy Services 11 #1 in listed energy services companies globally 21% of the world?s public energy services companies Number of Listed Energy Services Issuers Source: Capital IQ, as at December 31, 2013 80 59 46…
Access to Capital 12 $5.2B Raised by oil and gas companies in 2013 246 Financings in 2013 Oil & Gas Equity Capital Raised on Toronto Stock Exchange and TSX Venture Exchange (C$ Billions) 2004 2005 2006 2007 2008 2009 2010 2011…
Service at All Stages of Growth Companies of all sizes receive analyst coverage Oil and Gas Analyst Coverage 200+ Oil & Gas Equity Analysts Cover the Sector 13 Source: Capital IQ
Who is Attracting Capital? ? They have a good story ? Strong balance sheet ? Room for growth ? Strong management team ? Are they known in the energy community? ? Are they known in the investment community: bankers, analysts,…
Where Is the Capital Going? Africa: $789M USA: $980M Latin America: $75M Equity capital raised on TSX and TSXV for oil & gas companies by location of project Source: TSX/TSXV Market Intelligence Group, 2014 UK/Europe, Middle East…
Clean Tech Sector Growth and Performance Growth of Sector: Year-End Market Capitalization (C$B) Performance: S&P/TSX Renewable Energy and Clean Technology Index $12.9 $18.0 $16.8 $18.1 $21.8 2009 2010 2011 2012 2013 16
2013 Oil & Gas Junior Market Overview ? Depressed Capital Market Activity ? Increased Private Equity financing ? Junior companies traded up approximately 17% in the last half of 2013 ? A lot of consolidation, only 50% of juniors…
General Trends ? Increased interest in yield/dividends ? Private Equity filled the gap that the sluggish capital markets created ? Thirst for international projects ? Increased activity and capital raising for African based projects…
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