EFTA01459081.pdf

20 November 2015 US Equity Insights Figure 62: S&P 500 quarterly EPS SW SOO Ounderly EN MAN S&P 500Ø Pro-fornm Nat Son. CS On) 071.4P Pro -forma EPS litigation EPS ox. EPS S&P MO Pinar«Is Non.financials EPS Wnteoffs EPS y/c. % Charges Litigation y& % v5r % WV% viv ili 2007 01 22.79 026 23 06 104% 180 4 12.0% 472 14% 133.1 71% 02 2338 143 24 81 I00% 1943 7/.7% 48.9 72% 145.4 72% 03 23 16 021 23 36 36% 184 9 39% Me -7% 145.0 7% 04 18 02 221 2024 117% 161 8 -85% 8.4 .87% 153.4 77% War 67.35 4.11 91.47 721.4 144.4 676,9 200601 18.35 2.16 20.60 -II I% 166 7 -76% 188 -60% 147.9 rs% 02 1823 424 22 47 -9.4% 182 9 -59% 228 -53% 160,1 70% 03 1536 469 2006 44.2% 165.5 -105% 6.0 49% 160.6 71% 04 •1718 23 84 666 -67I% 54.9 46 I% 46.7 NM 121.7 47% Var 34.77 34.92 69.69 5'70.0 -20.1 680.1 2009 01 9.01 437 13 39 347% 1105 -337% 8.1 -57% 102.6 -37% 02 14 70 133 1603 -286% 133 5 -270% 215 4% 112.0 -30% 03 1623 094 17.17 444% 13.6 -720% 171 244% 128.6 -20% 04 7692 018 17 10 1569% 1448 1674% 3.5 NM 1433 19% We 5617 633 63.80 536.5 50.3 496.2 2010 01 1918 129 20 47 530% 020 20.68 I782 612% 319 795% 146.3 43% 02 21.44 027 22.31 391% 0.00 22.31 194 8 459% 31.1 44% 163.7 46% 03 21 74 106 22 81 329% 015 22.96 I992 368% 336 96% 165.7 29% 04 22 01 125 2325 360% 030 23 55 Ø5 393% 322 872% 172.3 20% Year 84.37 4.47 88.85 0.85 89.60 776.7 1287 647.9 2011 01 22 76 127 2403 174% 021 24.24 172% 2130 196% 385 rsx 176.5 21% 02 24.38 0.40 24.75 71.0% 0.33 25.09 125% 219 3 126% 25.7 -17% 193,6 78% 03 24 38 168 2606 142% 0.20 26.25 144.3% 2301 75.5% 343 2% 196.8 78% 04 22 36 296 2532 89% 0.26 2558 8.6% 2220 85% 340 6% 187 9 9% War 11306 6.30 100.18 1.00 101.10 884.4 190.8 763.9 2012 01 24 49 169 26 18 89% 0.27 26.45 9. 1% 2306 82% 424 162% 188.2 66% 02 23 21 309 2630 62% 0.04 26.33 5.0% 233 0 62% 397 54.5% 193.3 -02% 03 22 74 375 26 49 I7% 024 26.74 1.8% 234 1 17% 419 222% 192 2 -78% 04 22 91 371 28 62 57% 039 27.01 5.6% 235 8 62% 30 2 152% 1968 46% We 9334 12.24 105.59 594 101.53 933.5 163.1 770.4 2013 01 2806 105 27 12 36% 021 27.33 3.3% 239 8 40% 478 12.8% 192 0 20% 02 27 34 042 27.76 56% 0.13 27.89 5.9% 245.5 53% 574 295% 194.1 044% 03 26 58 116 27 74 44 7% 092 2966 72% 245 1 4796 416 49% 2035 59% 04 27 72 136 2908 92% 0.34 29.42 89% 256 4 87% 489 24.7% 207.6 56% Year 107.70 3.99 111.69 1.61 11330 903.8 189.8 797.2 2014 01 25.13 266 27.79 25% 0.64 28.33 3.7% 248 3 3.5% 477 -0 3% 200.7 45% 02 27 64 213 29.78 73% 0.79 30.66 9.6% 265.1 80% 477 -7.1% 217.4 12.0% 03 2804 219 30 23 90% 0.81 31.04 9.3% 268 5 96% 482 /59% 220.3 83% 04 2316 726 3043 a 7% 0.48 30.90 57% 2936 4 7% 46 5 49% 223.2 75% War 103.56 14.25 115.23 2.61 120.84 10619 180.0 861.5 2016 01 21.95 6.62 28.68 28% 0.14 28.70 13% 2623 2.8% 641 14.3% 187.8 4.4% 02 2240 772 30 12 7.2% 0.23 30.35 -0 7% 2863 72% 66.1 15.5% 210.3 33% 03E 2444 558 3002 -07% 0.23 30.25 46% 2648 -07% 52.0 79% 212.8 -34% 04E 23 26 700 30 25 -06% 010 30 35 -18% 2780 -06% NA 248% 220.0 -14% Year E 92.04 26.91 118.95 0.70 119.66 1080.4 219.5 840.9 2018 Year E 113.00 12.00 125.00 0.20 125.20 11149 233.0 864.9 .,Seri. 4-a tts ce,ren MIS Page 32 Deutsche Bank Securities Inc. CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0119301 CONFIDENTIAL SDNY_GM_00265485 EFTA01459081