EFTA01459760.pdf

Deutsche Bank Securities Inc Figure 55' S&P 500 Annual EPS Outlook by Industry (2 of 2) harneente 2016 20054 2006A 20034 203171 2009* 20104 2011.4 20124 20114 20144 y4 2015E en? 416E 14 2015E yN 210E sty (SI % ol 2016 TT • Tite tn.,0, tn-n, .• ...ypnac....., ,... y.,.... -7,, .2 ,,, .., re% ta .,,c, Astonc• 40.N,1. 1400E 16,150 21,103 21,297 17772 20,551 23132 23397 26.458 29,333 ,•6 29377 .16% 33902 70% 39,000 ' r. 30.000 14% 33,500 95% An 6,44 8 Legota 4972 5610 5811 4.766 3,499 3795 5,902 6,045 6.054 6.370 t, a 7A63 164% 8.306 11.0% 7.500 In ra. 9,000 679 8603 103% .:Jonas 12941 (3681 1.4153 12.9071 0.330 2.611 1.589 4.695 9.698 9.932 .9, 17.004 712% MAIM •l9% 17,000 11:% 20,000 73% 16,000 90% &tong Produce 954 978 (66 104 24 56 7 III 475 599 00% OK 149% litt HP% 700 164 750 71% 150 100% Commensal Sena% S. Sumas 5933 5.115 3.291 3.577 3.275 3.610 3.648 3.304 1039 31)36 0% 4.002 44% 4244 60% 4600 41% 4,200 50% 4.370 100% Consents.) A frown; 839 335 627 7217 11% 847 1041 1.329 1.347 14472 0%' 7154 -M9% 1.334 47% 1,300 -127% 1,300 06% 1.236 95% Hootsel Cousmeoi 3036 3645 4,046 4129 2704 3,952 4,10% 5198 5.935 6.167 O. 5.713 43% 5247 .22% 5.700 . 7 6% 5,500 .39% 4.950 X% inynetren Conglomeestet 21.062 23.59 25.759 21.686 14.539 17337 19.794 21.671 22913 23271 lb 20275.129% 23.143 141% 20,560 .119% 22,000 73% 22030 100% Machthen 9.917 11.661 12.3$ MHO 6.5241 11.00 16.870 18.150 16151 16902 0% 15.127 -707% 14.132 -60% 15.000 IT^ 132030 40% 12.420 90% Profoseortel Sever 910 910 1.003 577 109 1393 7599 1.995 2.090 2.374 U'S 2.819 103% 2906 84% 2,000 99% 2,900 72% 2.970 100% Rood & Roe 3,208 41305 5073 6,045 4,204 6.246 7,626 9,255 8.975 10.113 ,t.. 9.004 44% 9.474 -20% 9,740 .47% 9,900 10% 9.310 95% Trento Campanile 8 Casstatone 0% 784 9,2 921 499 720 1.050 1,416 1676 1160 , r,r6 2.078 60% 2.070 .04% 2600 16% 1.600 ,) 2% 1.710 95% Consommes.% ConOsece 11.433 13476 1160 133% 121133 15712 16.951 14617 21.277 21311 .. 21226 444 21393 21% 21.500 08% 22,100 7.5% 22,100 100% Technology Hotdroto. Stomp* & Peripherals 15,916 26,148 38041 37,398 20025 31,936 41.419 33461 52,121 58993 SA 68,758 113% 29542 1.7% 70.020 :35% 73,000 434 73,000 100% INICIndik Eeposent, Ineetuneree &Cetapes 1,553 2093 3903 1909 2.148 5.051 4,713 1973 3934 4,429 /4% 4266 .33% 4,540 64% 4.203 52% 4,400 48% 443) 100% ateeno1 00twato & Swami 3.528 6.137 7,095 6.438 9.110 11.754 11911 16.026 19.9% 24253 I-, 25,035 36% 32597 118% 25,3:0 421 29,500 166% 29,500 100% IT Xmas 14.156 16926 10.179 21.500 22.831 27527 30.534 31.793 36912 X94 : 10 371356 39% 3$5/73 30% 30,003 31% 40,000 53% 43.010 100% Seaseeslusso & Unless' buoys% 14.965 12.790 14,557 9.436 7.989 23305 23,191 19,799 19602 27,319 39% 27,335 27% 33249 33% 27,500 074 21000 18% 332C0) 100% Softwat• 19,974 21.117 24229 25.379 27.413 33.613 37.949 32701 39.953 37270 IN 37356 08% 40%67 95% 17,50) :2% 40,000 57% 40,070 100% OilinipOila 10,771 11,798 14516 7930 9011 14991 19,093 201% 21.996 23597 23 646 02% 24.139 11% 24100 26% 24,000 -09% 24.00) 100% Corosuchon Malenale 524 707 714 359 102 % 126/ as 128 332 y ... 522 575% WI 532% 500 503% two 206% CO) 100% COril•ntr• a PocIneen0 7063 1,117 1,595 1971 1,493 1.016 1.565 1653 1.958 2.171 : , 'a 2,100 .33% 2.154 28% 3,200 13% 2933 45% 2,300 100% Orate. %how 4.203 6.749 950 6.201 3.176 7.339 9.763 6.001 4.965 3584 4. 1210-044% 1.523 09% LOCO .87 7% 1,500 00% 1.500 100% Popo, & roTO PrOcluCtS 517 631 053 946 312 all 1.3$5 1.158 1.405 1,293 ,t 1.512 202% 1.451 43% 1100 742% 1.000 00% 1,0)0 103% 1 CLECOMMUNICATION SEROACt 511473 111 167 339 746 T0.0 71.1 20,4 720 232 714 .--,. 11711.11045 1349 214 234 25.9 26.8 20.0 29.2 295 299 305 332 f ', 230 , , 'a 312 • ' "a Dears 6101.1 12,387 ibrisi is.:21 15.273 14,667 10161 17.817 17,601 16,831 19.0113 - 18952 0" 20274 21% 20.000 10% 20.900 15% 29540 100% GO* 01144 194 213 211 209 222 233 236 290 304 562 .. 351 .Y742% 367 I" 350 -376% 379 77% 375 103% Irchepeodtml Poor PO Rinewel:NDeelmity 706 1.077 1234 1,901 1.931 1.159 1.129 987 577 102 ' '. 965 .70" 972 079 1,00 4% MOO 100% 1.100 100% MukalMhoe 9.085 8422 1229 9.430 9.904 10.401 10,047 10,586 10,770 11569 , 17945 -02% 12.574 62% 12,100 79% 12900 33% 12.500 100% Rove Ccows% repot* MI5 Amato am. miners Nemeth W CONFIDENTIAL - PURSUANT TO FED. R. CRIM, P. 6(e) DB-SDNY-0 120427 CONFIDENTIAL SDNY_GM_00266611 EFTA01459760