Our Consumption Assumption Shop WI You Drop America (and the World!) Key Trends to Continue in 2016 Internet 8 Catalog Retail Department Stores ... 1 Home Improvement Retail Hotel Restaurants and LeSure Apparel I PI 1 -Is Automotive Retail Automobile Manufacturers 1 i Advertising Broadcasting I -50.0% -25.0% 0.0% 25.0% 50.0% 75.0% 100.0% 2015 Total Return Footnotes: Data as of December 31, 2015 Source Bloomberg_ Finance L.P. Deutsche Bank Wealth Management Deutsche Bank Wealth Mormgerneht Mobile Spending Skyrocketing 80% - 70% - 60% - 50% - 40% - 30% - 20% - 10% - 0% ■3013 ■3Q15 Total Discretionary Retail e-Commerce 5% 1% 13% Footnotes Data a e -LI r.) Source: Comsc.ore. Deutsche Bank Wean Management Real Spending on Tourism 70% m-Commerce $850.000 $800.000 $750,000 $700,000 $650,000 $600.000 Real spending on travel and tourism reached a record high $839 billion in 3015. 1098 3003 1Q03 3Q05 1008 3Q10 1Q13 3015 Real Spending on Travel and Tourism Footnotes Data as of:3a15 Source: bea.ctov Deutsche Bank Wean Management:. 9 CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 120270 CONFIDENTIAL SDNY_GM_00266454 EFTA01459670