EFTA01452610.pdf

28 January 2014 Brokers. Asset Managers & Exchanges Alternative Assot Manager Initiation rFigure 54: KKR Capital Markets Segment Income Statement Forecasts lICONESTATEIIENT 2012 1019 2013 3013 4013E 0136 10145 20146 30146 40 2014E 2015E 2011E lee revenue: 114.5agemenl 6 encortbre fees NooperenlICS Kaye Imo R0050•16 root)* Ion Uostoiso 6 barnectot tem. kbOtrng less Treneclen lees 122 206 303 516 349 1398 436 302 31.4 47.1 161.2 166.4 20/9 rot codes (3.0) (20 00 03 0) ' TO17100910169 & eInsecilm Ice 1292 206 3).3 536 349 1396 40.6 37.2 304 471 155.2 185.4 me TOO Me moose 1212 919 913 516 34,0 1346 Cl. 37.2 30,4 41.1 155.2 1914 20/9 Mommeweincect0ost RsaloOsorledinlerol Unreelsed amidIrotte41 Tclel Otos curled 0Wol Ofxr rwatred exam no5 3222 113 900.1 2933 9298 156.5 1646 200 0 29.0 732.4 624.1 7Ii 4 Tot.l IMIN10•0114 bitten. (Ion) 1.1105 122.2 11.3 39.1 2813 9208 198.5 1(16 203.0 209.0 7724 4.34.1 7114 Tool Revenue 1.2307 343.0 41.6 353.7 331.1 ' 1,069A tilt 2021 230.4 Mt 887.6 SCA 915.4 ramp TOO Ran nel r caved rawest coop rap 12317 3430 416 3537 3311 1.0694 COI 2021 2304 2561 887.6 694 9154 Eons, Correnmentuccoperpose Aroxitco to KKR cony pod 0 0 0 0 - 0 Itroperent lee Won% 0 0 0 0 • 0 TOO De e m640 170/740 mono 0 0 0 0 0 Cceeensaeco &tweet. 231 75 69 6.2 70 236 74 94 110 17. CS Oanpwcyro relined dopes 09 04 03 06 16 04 04 0 05 17 1 21 Oter spoofing operate 106 29 19 36 47 131 35 35 3 40 14 6 16 17.7 tots Ibipeaose Olt 117 41 123 121 142 121 114 10 131 OA 54 WS IWO' TON Coretrop avails la cory440161op) 406 107 91 123 121 ' 442 121 114 10 138 474 56 606 Vicar* Oass) atInttaatie loncer.oraolrg rants 26 03 05 14 to 33 1.0 to 1.0 40 4 4.0 Roo &rem Eeonemk IC Income 0341 1.1062 331.9 US mos 3140 ' 1,0220 110.0 109.7 211 241.2 9361 750 0548 Snos.- Conway of as et 0.14001* IV* Deutsche Bank Securities Inc. Pago 63 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0109749 CONFIDENTIAL SDNY_GM_00255933 EFTA01452610