Epstein Secrets

ed economies US Japan Euro area Germany France Italy Spain Netherlands Belgium Austria Finland Greece Portugal Ireland United Kingdom Denmark Norway Sweden Switzerland Canada Australia New Zealand EEMEA Czech Republic Egypt Hungary Israel Kazakhstan Nigeria Poland Romania Ru

800 1000 1200 0 2011 2012 2013 Base case 2014 2015E 2016E Risk case Note: *Mkt cap weighted BHPB, Rio, Barrick, Freeport, Alcoa, Norilsk, Alcoa, Glencore, Southern Copper, Anglo American and Vale Source: Deutsche Bank Research, Company reports, Source: Deutsche Bank Research, Bloomberg Fi

200 400 600 800 1000 1200 0 2011 2012 2013 Base case 2014 2015E 2016E Risk case Note: *Mkt cap weighted BHPB, Rio, Barrick, Freeport, Alcoa, Norilsk, Alcoa, Glencore, Southern Copper, Anglo American and Vale Source: Deutsche Bank Research, Company reports, Source: Deutsche Bank Resear

ing the retail side of the business due to the oil crisis. As a matter of fact. ATD recently announced two acquisitions — one in Ireland and one in Denmark. C. Best-in-class management with integration expertise • In 1980. Alain Bouchard purchased one convenience store in Canada. Today the company ow

egment. Arconic. has a 10% EBITDA margin lag relative to PCP. which features a similar product catalogue) 2) Misunderstanding of quality nature of Alcoa's core businesses 3 ) Aluminum market may remain oversupplied. but alumina should be supportive (China will likely replace its high cost smelters.

hWest Energy (HK) Ltd HSBC Bank Plc Schindler Holding Ltd Attar Group Bahrain Poland India Bahrain Switzerland Switzerland Thailand India Denmark USA Norway USA Germany Indonesia USA USA USA Germany Japan Colombia Belgium USA India United Kingdom United Kingdom USA USA USA U

or and Political Commentator Vice-President, Intel Capital and Managing Director Senior Editor-at-Large President Group Chief Financial Officer. Alcoa Global Rolled Products Chairman of the Board and Managing Officer Chief Executive Officer Chief Executive Officer Executive Chairman Albert L.

anies Emke Group LLC MSD USA Germany USA India USA Indonesia USA Malaysia United Kingdom Japan Nigeria Kuwait Nigeria Greece Canada Denmark United Kingdom Spain France United Kingdom Chile Russian Federation Italy United Arab Emirates Kuwait Kuwait United Arab Emirates Switzer

and Chief Executive Officer Director Ambassador Extraordinary and Plenipotentiary, Permanent Representative of Latvia Executive Vice-President, Alcoa, and Group President, Engineered Products and Solutions Professor Acting Chief Executive Officer Founder and Executive Director Chief Executive