EFTA01371092.pdf

*au' sentirnes lung 014051110O Figuie 13. DO North American Class I Hail Comparative Valuation Table F I• all Corp. 033) 6...3 51.60 60 Blended Avg. NOG 18% 2.21 2.80 2.93 1.91 21.5% 26.6% 4.5% 2134 15.44 12.64 12.24 14.34 Its 6.4x 10.14 8.1.4 Nodolk Southern [Ng) Held 132.60 135 17.5x 2014 EPS 37,669 1011 6.45 6.90 7.75 7.61 14.4% 7.0% 12.2% 20.64 19.2x 17.14 17.5x 14.1, 10.0* 944 1034 6.3* On. cn Pac44 (IMP) Hold 116.37 129 17.0x2018 EPS 8.8.818 2.5% 5.81 6.69 7.60 7.45 14.6% 15.2% 13.5% 20.0s 17.44 1534 15.64 15.64 9.64 9.0* 9.11, ttts Canada., National ICNI) Sell 81.21 73 1554 2018 EPS 59.924 1.9% 3.92 4.26 4.70 4.63 13.1% 8.9% 10.3% 20.7s 19.th 17.34 17.5* 15.4 12.5x 11.7s 1110 1091 Canadian Peak ICP) Sw 174.74 209 17.5s 2019 EP5 34.362 17% 4.54 1046 11.93 11.69 14.0% 15.5% 13.8% 19.1ts 16.7s 14.6s 15.0s 16.5x 11.4s 10.5s 10.4 11.1a Class 1Aver • • 1.9% 10.7. 10.4% 10.34 939 Ma won 94991•00 Crud*, falmerges Co USD eon 9“9009 ma a US&CAD of t 25 Soap DK.acne ark Cthrosoy Athas, AtcrSer CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0064279 CONFIDENTIAL SDNY_GM_00210463 EFTA01371092