EFTA01452609.pdf

28 January 2014 Brokers. Asset Managers & Exchanges Alternative Asset Manager Initiation [Figure 53: KKR Public Markets Segment Income Statement Forecasts INCOME STATENBC 2012 1013 2013 3013 4013E 2013( 1014E 2014! 3014E 1014! 2014E 2015E 2010( For 101010101: lbnep»6Milltellthe See lAsnagentml lees 1052 484 495 538 559 205 5 58.4 589 617 643 241 4 2994 349 9 accobv• tea 438 166 166 12 121 47.6 11 192 67 ti2 0 740 822 972 Tool owl 6 wawa toes ' 1490 662 661 561 650 • 2533 636 781 664 1063 315 4 381 6 4472 Mcniang 60Yu4Won 504 lkonorhg lees • • Trantecbto fan 145 31 72 205 15 32.4 15 15 15 15 60 15 15 rue enalls 184) (211 (52) (1521 106) (23 21 105) 105) 1061 (05 120) 10 5) 1151 Total woolarc 0 Invisaclatollos 1 20 63 07 9.1 10 10 f0 '0 40 10 10 TotalIn tovonoa 1512 as VT OA 817 202.5 636 Ttl MA 107.3 3114 MI 4412 In n income(ID*: Wad Carred Interosl - - - - - - Unreaiza0 cured rarest 392 204 108 140 285 737 15.6 136 11.4 90 495 415 311 Tow Goss 'ens oases, 392 204 108 140 28 5 737 15.6 13.6 114 90 495 41.5 312 Ora ovesarant awe i 0 0) (I I 00 1001' 01 02 01 • Ol • 01' 01 04 • i0 05 Total Invootmori Income (Iowa) 391 215 108 140 214 738 15.7 13.7 11.6 91 as 423 31.7 Total Revenue 194.3 917 77.9 744 17.3 3313 742 027 60.6 116.4 303 425.1 470.0 norm Total Revoltsnog c SINN COTO 9111 1786 786 736 SS 8 859 3368 760 893 774 1128 355 5 4065 479 7 Emenes: Carrxd Acres! coup =Prime Alamo to ix pool 167 62 43 56 114 295 62 54 46 36 198 166 02 Minnow," Ice refunds . . - ISO) 1201 (101 - 180) - - Toll, carp moors* NOW cam/0 oWosi CI1/914 157 82 43 56 114 295 32 34 36 36 138 166 02 ConatoSato 4 tOnett 507 197 220 186 336 80.9 254 31.6 278 429 1277 1530 179 3 Ottuperoy and rested Chinn 56 1S 16 19 20 71 1.9 19 19 21 79 86 95 Ono opottlnottpenses 114 7.6 91 197 148 514 11,1 10,6 102 112 430 473 520 Total Boa ono Ma 37.2 37.1 44.0 497 lap 41.4 47.6 43.6 499 1924 226.5 241.0 Tomo Tow Coarsen expenses (ex wry-rowed Sep 74 7 291 728 402 374 1334 384 440 399 563 MG 2W0 240 6 Moms (loss) atirtolaDO to noncroicang Monts 11 04 04 02 05 14 0.5 0.6 0.5 05 20 20 2-0 Pretax Segment &onus k FYI Income lel) 10111 40.1 4125 20A 410 165.0 31.1 441 27.0 58.0 1741 1,7.5 MO Sane Cowry worn 444 Oman* 04at Page 62 Deutsche Bank Securities Inc. CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0109748 CONFIDENTIAL SDNY_GM_00255932 EFTA01452609