The AE Portfolio Conservative Holdings generated an average US dollar total return of 4.8 percent from Dec. 31, 2012, through Dec. 31, 2013. The Aggressive Holdings, meanwhile, posted an average loss including dividends of 15.3 percent.

Total return calculations, detailed in the table “Performance,” are based on time held in the Portfolio during the year.

Amalgamated Holdings Ltd (ASX: AHD, OTC: None), for example, which we added to the Aggressive Holdings in November 2012, posted a total return of 9.8 percent from Dec. 31, 2012, through Dec. 31, 2013.

Newcrest Mining Ltd’s (ASX: NCM, OTC: NCMGF, ADR: NCMGY) 51.6 percent loss was achieved for the Dec. 31, 2012, through June 14, 2013, the date of the issue in which we issued our “sell” recommendation.

Crown Resorts Ltd (ASX: CWN, OTC: CWLDF, ADR: CWLDY) and Sydney Airport (ASX: SYD, OTC: SYDDF) posted a loss of 3.8 percent and a gain of 4.1 percent from Nov. 15 and Dec. 13, respectively, through Dec. 31, 2013.

For purposes of comparison, iShares MSCI Australia Index Fund (NYSE: EWA), a decent benchmark for the Conservative Holdings, posted a total return of 1.8 percent for the relevant time period.

IQ Australia Small Cap ETF (NYSE: KROO), a reasonable analog for the Aggressive Holdings, was down 12.6 percent for the year.

The broad-based S&P/ASX 200 Index, meanwhile, posted a US dollar total return of 3.3 percent. In local terms the main Australian benchmark was up 20.2 percent in 2013.

The S&P 500 Index gained 32.4 percent for the year, while the MSCI World Index was up 27.4 percent.

A significant factor for US investors who are long Australian stocks in 2013 was the weakening of the Australian dollar.

The aussie closed 2012 at USD1.0394, just above its average for the year of USD1.0357.

The aussie hit a closing peak of USD1.0598 on Jan. 10, 2013, trading as high as USD1.0545 as late as April 10.

The aussie closed 2013 at USD0.8917, down 14.2 percent for the year. From its 2013 peak the decline was 15.9 percent. From its all-time high closing high of USD1.0993 on July 29, 2011, the slide was 18.9 percent. As of this writing the Australian dollar is valued at USD0.8781.

The decline has had a profound impact on US investors who own dividend-paying Australian equities. Not only are capital gains eroded by the depreciation of the aussie. So too is the value of dividends paid in the currency.

But there’s still a solid case in favor of holding dividend-paying Australian equities. A broadly diversified equities portfolio will include a significant allocation to foreign stocks. And Australia still boasts the highest average dividend yield in the world.

Note too that the Australian dollar, like the Canadian dollar has likely reached a status where its new lows versus the US dollar will be much higher than those of the past. The aussie enjoys a new, higher profile among global central banks, which continue to accumulate assets denominated in the currency.

And Australia’s resource base, coupled with a mature, reliable institutional framework, makes it an attractive destination for foreign capital.

Australia’s long-term growth is underpinned by a strong trading relationship with China, the world’s second-largest economy.

Caution is certainly warranted in the aftermath of such a steep slide for the Australian dollar. But the Land Down Under is still home to some of the most attractive assets in the world.

Dividend-focused investors can still benefit from exposure to its high-quality businesses.

APA Seals Envestra Deal

Its initial attempt rebuffed by the target, in on Dec. 17, 2013, APA Group (ASX: APA, OTC: APAJF) boosted its offer to approximately AUD1.17 per share, or AUD1.4 billion, and now has a deal to acquire the 67 percent of fellow Australia-based natural gas infrastructure outfit and AE Portfolio Conservative Holding Envestra Ltd (ASX: ENV, OTC: EVSRF) it didn’t already own.

Buying Envestra will bring the 14,000 miles of pipelines that APA already operates on a contract basis in house. Envestra’s infrastructure supplies gas to customers primarily in the states of Victoria and South Australia.

APA came off its original bid of approximately AUD1.07 per share, made in July 2013, as the acquisition will significantly–and immediately–boost its operating cash flow per share.

Billionaire Li Ka-shing‘s Cheung Kong Infrastructure Holdings Ltd (Hong Kong: 1038, OTC: CKISF), which owns 17.5 percent of Envestra, hasn’t yet indicated whether it will endorse APA’s bid. But the solid premium offers a compelling exit point, with several other potential Australian energy infrastructure targets still on the board.

A week prior to the announcement of the Envestra deal APA announced an increase in its fiscal 2014 EBITDA to AUD730 million to AUD740 million, an increase of approximately 2 percent on the previous guidance of AUD715 million to AUD730 million.

Management noted the strong performance of both APA’s assets and the company’s investments during the first half of the year as well as the visibility that APA has of its expected business performance through June 30, 2014.

APA has also revised down its interest cost guidance. Management now expects net interest cost to be within the range of AUD315 million to AUD325 million, a decrease of approximately 4 percent on the previous guidance of AUD330 million to AUD340 million.

As an invest-to-grow story, APA’s long-term fortunes are tied to its ability to maintain assets and also add pieces to its portfolio. The 2012 acquisition of Hastings Diversified Utilities Fund (HDF) has already contributed to operating cash flow, and the complementary infrastructure the deal brought to APA’s table looks likely to boost the bottom line as Australia’s gas renaissance matures.

This latest deal to acquire 100 percent ownership of Envestra will have similar long-term benefits.

In addition to consistently adding assets on an efficient basis, APA has posted regular dividend growth: Since fiscal 2009 APA has raised its distribution by an average of 4.4 percent per year.

Gas is in favor among investors in Australia, which started taxing carbon emissions on July 1, 2012, to encourage greater use of cleaner-burning fuels. The country is also experiencing a surge in demand for gas from nearby Asian countries, including China, and has seven liquefied natural gas (LNG) terminals worth AUD180 billion under construction on its coastline to feed utilities overseas.

For investors seeking low-risk exposure to gas, pipelines that connect gas fields to export plants, power generators and homes are typically monopoly assets that can provide steady returns. APA owns big pipelines to export hubs and cities, while Envestra owns pipes that go onward to homes. Combining the two businesses is a win-win.

APA Group is a strong buy for long-term growth up to USD6.50 on the ASX using the symbol APA and on the US OTC market using the symbol APAJF.

Through Jan. 16, 2014, Envestra had posted a total return in US dollar terms since Sept. 26, 2011, of 87.9 percent versus 37.7 percent for the S&P/ASX 200 Index and 34.3 percent for the S&P/ASX 200 Utilities Index. The S&P 500 Index had returned 67 percent for the comparable period.

Envestra is a hold pending completion of the deal. US-based investors will receive all cash rather than cash and shares. Reinvest the proceeds from your Envestra position in APA.

Please note that we’re adding Duet Group (ASX: DUE, OTC: DUETF), which owns energy utility assets including Western Australia’s principal gas transmission pipeline, an electricity distribution network, a gas distribution company and DBP Development Group, which focuses on opportunities to build own and/or operate new pipelines and laterals, as a de facto replacement for Envestra in the AE Portfolio Conservative Holdings.

Duet Group, which is currently yielding 8.2 percent, is a buy under USD2.20.

For more on Duet Group, see this Sector Spotlight.

Conservative Roundup

Cardno Ltd (ASX: CDD, OTC: COLDF) announced on Jan. 6, 2014, that CEO and Managing Director Andrew Buckley, who has led the company for 16 years, will retire on March 1, 2014.

Since Cardno’s initial listing on the Australian Securities Exchange (ASX) in 2004, the company has increased its market capitalization from AUD30 million to AUD933.8 million as of this writing, with the number of employees growing from 250 to more than 8,000.

Net profit after tax (NPAT) has increased at a compound annual growth rate of 22.8 percent through fiscal 2013, and dividends have grown at a compound annual growth rate of 14.8 percent. Cardno has also grown from an Australian consulting services organization to an international business with operations in 85 countries and 290 offices worldwide.

Mr. Buckley will be succeeded by Michael Renshaw, who is currently Executive General Manager for Cardno’s International unit. With Cardno since 2003, Mr. Renshaw has led the company’s evolution into a global operator.

In particular, Mr. Renshaw drove the development of Cardno’s North American operations from virtually nothing in 2007 to a business that currently contributes approximately 50 percent of overall revenue.

Previous roles with Cardno include Group Business Development Manager, Manager of Software Operations and Division Manager of New Markets. Mr. Renshaw played key roles in securing commercial projects in North America, South America, the United Arab Emirates, Europe and Asia

Before joining Cardno he spent five years at the Queensland Department of State Development in international and regional trade development roles. He also worked as general manager at Gladstone Area Promotion & Development Ltd for five years.

This is his first CEO appointment, which will likely invite some skepticism among investors until he proves his mettle.

Acquisitions have been a major driver of Cardno’s strong profit growth over the last decade–the engineering and environmental services firm acquired seven businesses during fiscal 2013–but Mr. Renshaw recently said that the company will shift its focus to organic growth for the next several years. A key strategic emphasis will be to maximize the potential to cross-sell its services to its customers.

Cardno will, however, likely make strategic moves in markets where it has limited presence, including Asia, Europe and Africa.

Cardno hasn’t yet announced a successor for Mr. Renshaw at the International unit, a key appointment as the Americas account for half of overall sales. This will form more cause for investor caution.

In addition to leadership-change headwinds, Cardno could see a negative impact on North American utilization rates due to severe snowstorms and extreme cold in the US Midwest and Northeast in December 2013 and January 2014. And this could drag on fiscal 2014 second-half revenue and profit.

Cardno is a well-diversified–by discipline and geography–engineering and environmental services firm, working across multiple sectors in North America and Australia.

It is well-placed to benefit from a broad-based US recovery and should also benefit from a weaker Australian dollar, though a weaker aussie may impede efforts to make acquisitions in international markets.

The major driver going forward will be levels of private-sector and government spending on infrastructure projects. Greater economic activity will drive utilization and charge-out rates.

And then it boils down to project execution and delivery, including cost and/or time overruns and quality issues. Cardno has proven itself on these fronts, building a solid track record and establishing ongoing, lucrative relationships with major public and private entities.

Short-term skepticism about new leadership provides an opportunity for new investors to buy Cardno under USD8.05 and lock in a yield of 5.6 percent.

Telstra Corp Ltd (ASX: TLS, OTC: TTRAF, ADR: TLSYY) this week agreed to sell a 70 percent stake in its struggling phone directories business, Sensis, to US-based private equity fund Platinum Equity for AUD454 million in cash.

Sensis publishes the White Pages and the Yellow Pages in Australia. Telstra will retain control of its Trading Post and voice directory services, and it will continue to publish the White Pages directory, which it’s required to do by law, though the government is conducting a review of whether a print edition is necessary in the digital age.

The sale price values Sensis at approximately AUD649 million, which is down from about AUD12 billion in 2005, when Telstra’s board rejected a recommendation that it be sold then.

Telstra chief executive David Thodey says he will continue to streamline the company’s operations and increase divi­dends after selling its ailing Sensis phone directories business.

During a conference call to discuss the deal with analysts Mr. Thodey said Platinum Equity would continue to print the Yellow Pages “where we think it is necessary,” most likely in rural and regional areas, where it has more value than in dense metro areas.

Proceeds from the sale will add to the AUD4.6 billion to AUD5.1 billion in free cash flow Telstra forecasts it will generate by June 30, 2014. Mr. Thodey and CFO Andrew Penn both suggested that this free cash flow could fund a dividend increase. Timing remains a question.

“Over the longer term,” said Mr. Penn, “our aspiration is to grow Telstra’s dividend.”

Another positive outcome is that the drag of Sensis’ declining earnings will be removed from Telstra’s bottom line.

The sale is the latest in a series of floats and divestments by Telstra as it sheds businesses that are not part of its growth strategy. In November 2013 it listed its Chinese internet company Autohome on the New York Stock Exchange in a move that valued its stake at USD1.9 billion. Last month it sold its Hong Kong mobile service provider CSL for USD2.42 billion.

Telstra’s cash position puts it in position to not only boost its dividend and/or set about on an aggressive share-buyback program but also to extend its network dominance with increased capital investment.

Telstra is a buy under USD4.60 on the Australian Securities Exchange (ASX) using the symbol TLS and on the US over-the-counter (OTC) market using the symbol TTRAF.

Telstra also trades on the US OTC market as an American Depositary Receipt (ADR). Telstra’s ADR, which represents five ordinary, ASX-listed shares, is a buy under USD23.

Transurban Group (ASX: TCL, OTC: TRAUF) reported this week that fiscal 2014 second-quarter proportional toll revenue increased by 12.6 percent over the prior corresponding period to AUD281.3 million.

For the six months ended Dec. 31, 2013, proportional toll revenue climbed 13.1 percent to AUD556.2 million compared to the prior corresponding period.

Management noted “another strong quarter of patronage” on its Sydney network, reflecting the travel time improvements achieved through the completion of the M2 Upgrade in August 2013. Average traffic growth across the Westlink M7, Hills M2 and Lane Cove Tunnel was 10.7 percent for the quarter.

CityLink toll revenue increased 7.9 percent to AUD134.7 million on a 1.5 percent increase in average daily traffic (ADT) to 797,741 transactions.

For the half-year CityLink toll revenue increased 8.6 percent to AUD269.2 million, as ADT increased 2.1 percent to 799,255 transactions.

Hills M2 toll revenue increased 35.3 percent to AUD49.1 million. ADT increased 14.9 percent to 105,344 trips, as car traffic increased 15.6 percent and trucks increased 7.7 percent.

Six-month Hills M2 toll revenue was up 32.3 percent to AUD94.2 million. ADT was up 12.6 percent to 102,727 trips. The addition of new ramps accounted for 5,370 daily trips during the quarter.

Lane Cove Tunnel/MRE revenue grew by 12.3 percent to AUD17.5 million, as ADT rose 9.1 percent. For the half year revenue increased 11.5 percent to AUD34.3 million on 8.7 percent traffic growth.

M1 Eastern Distributor toll revenue was up 3.5 percent to AUD26.8 million for the quarter and 3.7 percent to AUD52.9 million for the six months, as ADT increased 1.5 percent and 2.5 percent, respectively.

Quarterly Westlink M7 toll revenue increased 10.3 percent to $57.9 million on ADT growth of 8.1 percent, while six-month revenue increased 9.5 percent to AUD114.8 million on 7.5 percent traffic growth.

M5 South West Motorway toll revenue slipped 3 percent to AUD46.7 million due to a 2.4 percent decline in ADT, as construction continues on the motorway.

Revenue for the half-year was off 3.2 percent on a 2.6 percent decline in ADT.

Growth on the 495 Express Lanes project in Northern Virginia was impressive, as daily average toll revenue grew 24.2 percent from USD51,736 for the first quarter of fiscal 2014 to USD64,277.

Compared to the prior corresponding period average daily toll revenue grew 249.2 percent on a 63.6 percent increase in ADT.

Discussions with lenders to transfer the Pocahontas 895 asset in Virginia continue.

Transurban, which has guided to distribution growth of 9.7 percent for fiscal 2014 versus fiscal 2013, is a buy under USD6.50.

Aggressive Roundup

Mineral Resources Ltd (ASX: MIN, OTC: MALRF, ADR: MALRY) announced this week that Fortescue Metals Group Ltd (ASX: FMG, OTC: FSUMF, ADR: FSUGY) has taken full ownership and operational responsibility for the two processing facilities at its Christmas Creek mine in Western Australia.

The miner purchased the plants from Mineral Resources subsidiary Crushing Services International (CSI) under an option granted in the original build-own-operate contracts.

Fortescue exercised its step-in rights in September 2013 following a fatality at the mine and has since employed 121 members of its workforce on the two plants.

Mineral Resources management noted today that the transaction won’t materially impact fiscal 2014 results. Though the exact purchase price wasn’t revealed due to commercial confidence concerns, management suggested it was approximately AUD300 million. Cash from the sale will strengthen Mineral Resources’ balance sheet.

Guidance for net profit after tax remains AUD247.8 million to AUD252.8 million.

Mineral Resources is a buy under USD11 on the ASX using the symbol MIN and on the US OTC market using the symbol MALRF.

Mineral Resources also trades on the US OTC market as an ADR under the symbol MALRY. Mineral Resources’ ADR, which is worth one ordinary, ASX-listed share, is also a buy under USD11.

Origin Energy Ltd (ASX: ORG, OTC: OGFGF, ADR: OGFGY) has reached an agreement with Gladstone LNG partner Santos Ltd (ASX: STO, OTC: STOSF, ADR: SSLTY) to supply the project with “at least” 100 petajoules (PJ) of gas over five-year period beginning Jan. 1, 2016. Origin has an option to supply up to another 94 PJ.

This is another positive step as Origin attempts to monetize its east coast gas portfolio. The deal could add between AUD100 million and CAD270 million per year in cash flow.

Origin, Australia’s largest vertically integrated energy retailer, has diverse operations spanning the energy supply chain, from oil and gas exploration and production to power generation and energy retailing.

It also has a 37.5 percent interest in Australia Pacific LNG (APLNG), which is expected to commence delivery of cargoes mid-2015. The project continues to track in line with expectations for project delivery and cost.

The company’s retail transformation and cost reduction programs are set to contribute improved operating performance in the Energy Markets business over the coming years. Fiscal 2014 will likely be another tough one for energy retailers, but fiscal 2014 and fiscal 2016 should be much better.

Origin Energy is a buy on the ASX using the symbol ORG and on the US OTC market using the symbol OGFGF under USD15. Origin’s ADR, which represents one ordinary, ASX-listed share, is also a buy under USD15.

Sydney Airport (ASX: SYD, OTC: SYDDF), a December 2013 addition to the AE Portfolio Aggressive Holdings, reported international passenger growth during November 2013 of

3.7 percent, driven primarily by an airline capacity increase of 4.7 percent.

Australian outbound traffic grew by 4.3 percent, significantly higher than the year-to-date growth rate.

Sichuan Airlines’ new service from Chengdu-Chongqing to Sydney commenced in mid-December. This represents a new airline and new route for Sydney Airport, providing direct access to western China.

The service will provide more than 50,000 seats per year, with the route serving Chengdu and

Chongqing. Chengdu is an economic, transport and communication hub, with around 14 million residents, and Chongqing is an important industrial center for manufacturing and transport, with a population of around 30 million people.

This service consolidates Sydney Airport’s position as Australia’s gateway to China, with 94 weekly flights to eight major Chinese cities and greater China, increasing to 99 flights per week in the peak season during January and February to coincide with Chinese New Year.

Sydney Airport is a buy up to USD4 on the ASX using the symbol SYD and on the US OTC market using the symbol SYDDF.

Woodside Petroleum Ltd (ASX: WPL, OTC: WOPEF, ADR: WOPEY) posted a 7 percent decline in fourth-quarter sales after a delay in restarting its Vincent oil project off the west coast of Australia. Sales for the quarter were down to USD1.65 billion from USD1.77 billion a year earlier.

Production declined 5 percent to 23.2 million barrels of oil equivalent (MMboe) compared to the fourth quarter of 2012. But that 23.2 million MMboe represents a 5.9 percent quarter-over-quarter increase. And sales were up 23.2 percent on a sequential basis.

Management had reduced its 2013 production target in July after an unplanned shutdown at its AUD15 billion Pluto LNG plant in Western Australia and delays to the refurbishment of the Vincent floating production storage and offloading vessel. The vessel re-started production on Nov. 29, 2013.

Nevertheless, production for the year was up 2.5 percent compared to 2012 to 87 MMboe, a company record.

Management took initial steps on its global exploration strategy, with new projects in Ireland and New Zealand.

Also, Woodside reached an agreement to supply natural gas from its AUD15 billion Pluto LNG project in Western Australia to Japan-based Chubu Electric Power Co Inc (Japan: 9502, OTC: CHUEF).

Woodside will sell as much as 1.5 million metric tons of LNG over three years to Chubu, Japan’s third-biggest power utility. Financial terms weren’t disclosed.

The deal adds to purchases of Australian fuel by Japan, the world’s biggest importer of LNG.

Woodside will send gas to Chubu mainly from previously uncommitted Pluto supplies.

Woodside owns 90 percent of Pluto, while Tokyo Gas Co Ltd (Japan: 9531, OTC: TKGSF, ADR: TKGSY) and Kansai Electric Power Co Inc (Japan: 9503, OTC: KAEPF, ADR: KAEPY) each has 5 percent.

Mitsubishi Corp (Japan: 8058, OTC: MSBHF, ADR: MSBHY) and Mitsui & Co Ltd (Japan: 8031, OTC: MITSF, ADR: MITSY) earlier this month withdrew from an agreement to buy LNG from Woodside’s proposed Browse LNG venture in Australia after delays to the project. The Japanese companies, which reached a deal in 2012 to buy a 14.7 percent stake in Browse for USD2 billion, will continue to work with Woodside to jointly sell LNG from the development to the Asian market.

Woodside will report full operating and financial results for 2013 on Feb. 19, 2014.

Woodside Petroleum is a buy under USD42 on the ASX using the symbol WPL and on the US OTC market using the symbol WOPEF.

Woodside also trades as an ADR on the US OTC market under the symbol WOPEY. Woodside’s ADR is also a buy under USD42.

Numbers to Come

Here’s when AE Portfolio Holdings will report their next sets of financial and operating numbers.

A couple Holdings have “confirmed” or “tentative” dates, while for others we’ve provided an “estimate.”

For most this will cover the first half of fiscal 2014, which ends Dec. 31, 2013. We’ve noted for others that report on a different schedule the period to which the announcement pertains.

Conservative Holdings

• Aberdeen Asia-Pacific Income Fund (NYSE: FAX)–N/A (fund, reports holdings on a quarterly basis)
• AGL Energy Ltd (ASX: AGK, OTC: AGLNF, ADR: AGLNY)–Feb. 27, 2014 (FY 2014 H1, estimate)
• APA Group (ASX: APA, OTC: APAJF)–Feb. 20, 2014 (FY 2014 H1, estimate)
• Australand Property Group Ltd (ASX: ALZ, OTC: AUAOF)–Feb. 16, 2014 (2013, confirmed)
• Australia & New Zealand Banking Group Ltd (ASX: ANZ, OTC: ANEWF, ADR: ANZBY)–Feb. 11, 2014 (FY 2014 Q1, confirmed)
• Cardno Ltd (ASX: CDD, OTC: COLDF)–Feb. 19, 2014 (FY 2014 H1, estimate)
• CSL Ltd (ASX: CSL, OTC: CMXHF, ADR: CMXHY)–Feb. 13, 2014 (FY 2014 H1, estimate)
• DUET Group (ASX: DUE, OTC: DUETF)–Feb. 17, 2014 (FY 2014 H1, estimate)
• Envestra Ltd (ASX: ENV, OTC: EVSRF)–Feb. 21, 2014 (FY 2014 H1, estimate)
• GPT Group (ASX: GPT, OTC: GPTGF)–Feb. 12, 2014 (2013, confirmed)
• M2 Telecommunications Group Ltd (ASX: MTU, OTC: MTCZF)–Feb. 25, 2013 (FY 2014 H1, estimate)
• Ramsay Health Care Ltd (ASX: RHC, OTC: RMSUF)–Feb. 24, 2014 (FY 2014 H1, tentative)
• Telstra Corp Ltd (ASX: TLS, OTC: TTRAF, ADR: TLSYY)–Feb. 7, 2014 (FY 2014 H1, estimate)
• Transurban Group (ASX: TCL, OTC: TRAUF)–Feb. 13, 2014 (FY 2014 H1, confirmed)
• Wesfarmers Ltd (ASX: WES, OTC: WFAFF, ADR: WFAFY)–Feb. 18, 2014 (FY 2014 H1, tentative)

Aggressive Holdings

• Amalgamated Holdings Ltd (ASX: AHD, OTC: None)–Feb. 21, 2014 (FY 2014 H1, estimate)
• Ausdrill Ltd (ASX: ASL, OTC: AUSDF)–Feb. 26, 2014 (FY 2014 H1, estimate)
• BHP Billiton Ltd (ASX: BHP, NYSE: BHP)–Feb. 20, 2014 (FY 2014 H1, estimate)
• GrainCorp Ltd (ASX: GNC, OTC: GRCLF)–May 15, 2014 (FY 2014 H1, estimate)
• Mineral Resources Ltd (ASX: MIN, OTC: MALRF)–Feb. 14, 2014 (FY 2014 H1, estimate)
• Oil Search Ltd (ASX: OSH, OTC: OISHF, ADR: OISHY)–Feb. 26, 2014 (2013, estimate)
• Origin Energy Ltd (ASX: ORG, OTC: OGFGF, ADR: OGFGY)–Feb. 21, 2014 (FY 2014 H1, estimate)
• Rio Tinto Ltd (ASX: RIO, NYSE: RIO)–Feb. 14, 2014 (2013, estimate)
• SMS Management & Technology Ltd (ASX: SMX, OTC: SMSUF, ADR: SMSUY)–Feb. 20, 2014 (FY 2014 H1, confirmed)
• Spark Infrastructure Group (ASX: SKI, OTC: SFDPF)–Feb. 23, 2014 (2013, tentative)
• Woodside Petroleum Ltd (ASX: WPL, OTC: WOPEF, ADR: WOPEY)–Feb. 19, 2014 (FY 2013, confirmed)
• WorleyParsons Ltd (ASX: WOR, OTC: WYGPF, ADR: WYGPY)–Feb. 13, 2014 (FY 2014 H1, estimate)