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M is distributed in the Uni nang h reports of the following non-US a ard; MLI (UK}: Merrill Lynch Internati Lynch Securities (Taiwan) Ltd., regu Financial Services Authority (DI he FCA and iliates I Lyne ment (Argentina): > Merri ated b errill Lynch Lynch Securi Lynch Banco onal, regulated by the Financial Conduct A
Page: HOUSE_OVERSIGHT_014729 →sclaims any liability for them. he date of the report and are subject toc notice. BofA Merrill Lynch is under no obligation to update this report and BofA Merrill Lynch's ability to publish research ont periods. You should therefore assume that BofA Merrill Lynch will not update any Certain outstanding reports may cont
Page: HOUSE_OVERSIGHT_014730 →Estimate Change
% EV / EBITDA* 17.2x NM 9 9x 6.4x 5 Ax Free Cash Flow Yield* -13.2% 81% 3.8% -0.3% 3.17% * For full definitions of ‘Qnethod™ measures, see page 11. BofA Merrill Lynch does and seeks to do business with issuers covered in its research reports. As a result, investors should be aware that the firm may have a conflict
Page: HOUSE_OVERSIGHT_014873 →ill Lynch | Lynch (Asia hority of h Mexico, SA de Lynch he DSP Merrill Lynch Limited, Il Lynch (Israel): Merrill an Federation; Merrill Lynch Financial Services Authority (DFSA); Merrill Lynch (Spain): Merrill Lynch Capital Markets Espana, S.AS.V., regu Comisién Nacional del Mercado De Valores; Merrill Lynch (Brazil):
Page: HOUSE_OVERSIGHT_014885 →LPF&S and is not registered/qualified as a research analyst under the FINRA rules. Refer to "Other Important Disclosures" for information on certain BofA Merrill Lynch entities that take responsibility for this report in particular jurisdictions. BofA Merrill Lynch does and seeks to do business with issuers covered
Page: HOUSE_OVERSIGHT_014972 →int foreign afi LPI the following non-US affi ernati Merri Argent ndonesia): PT Merrill Lyn errill Lynch (Russia}: O00 Dubai }: Bank he errill Financial Services Authority ingdom (UK) to professional clients and eligible counterparties hich are authorized tional Bank Limi FCA and PRA are availab| hange Act in Japan; is
Page: HOUSE_OVERSIGHT_014999 →Entities connected to both BofA Merrill Lynch and Financial Services Authority

Bank of America
ORGANIZATION
Merrill Lynch
ORGANIZATION
Bank of America Corporation
ORGANIZATION
Donald Trump
PERSON
Merrill Lynch Global Wealth Management
ORGANIZATION
United Kingdom
LOCATION
Frankfurt
LOCATION
Michael Bloomberg
PERSONPierce, Fenner & Smith Incorporated
ORGANIZATIONMerrill Lynch International Incorporated
ORGANIZATION
Merri
ORGANIZATIONMerchant Bank
ORGANIZATIONILynch
ORGANIZATIONMerrill Lynch (Asia Pacific) Limited
ORGANIZATIONOtoritas Jasa Keuangan
ORGANIZATIONMerrill Lynch Canada Inc
ORGANIZATIONMerrill Lynch KSA Company
ORGANIZATIONMerrill Lynch International Bank Limited
ORGANIZATIONthe Central Bank of Ireland
ORGANIZATION
Seoul
LOCATION