E Term. Value V=(m) x (XPS1) Weight (w) V*w Must Equal 100% AUD 0.000 A B D 79 18 2037 #VALUE! 80 19 2038 81 82 83 Part 5: Equity Valuation (Multiples) 84 Expected Per Share Peers Multiple (m) 85 Earnings 2.993 P/E 17.625 86 Book Value 5.091 P/Book 1.105 87 Tangible Book Value 5.091 P/Tangible Book 1.165 88 Revenue 14.085 P/Sales 2.295 89 Cash Flow 3.757 P/Cash Flow 7.340 90 Free Cash Flow 3.189 P/Free Cash Flow 16.643 91 92 93 Part 6: Enterprise Valuation (Multiples) 94 Expected Per Share Peers 95 Revenue 14.085 EV/Sales 0.681 96 EBITDA 4.140 EV/EBITDA 4.373 97 EBIT 3.597 EV/EBIT 9.033 98 Book Value 5.091 EV/B 0.951 99 Tangible Book Value 5.091 EV/Tangible Bool 1.032 100 Cash Flow 3.757 EV/Cash Flow 5.921 101 Free Cash Flow 3.189 EV/Free Cash Flo 14.541 102 Cash & Equivalents 5.658 103 Preferred and Others 0.000 104 Total Debt 6.079 705 EV to P Adj. (EV_P) -0.421 106 107 Part 7: Final (Weighted) Valuation 100 method of volunties Financials Valuation [(m) x (XPS1)]+(EV_P) w Valuation Must Equal 100% AUD 0.000