Magazine Luiza

Omni-channel durable retailers ([Link])

Model published on 07/25/2022

Irma Sgarz
[Link]@[Link]
+1 (212) 357-3770

Felipe Rached
[Link]@[Link]
+55 (11) 3372-0104

Gustavo Fratini
[Link]@[Link]
+55 (11) 3372-0825
([Link])
Magazine Luiza
Summary Model and Valuation

Pricing
Current No. of Current Net Current 12-m fwd. 12-m fwd. 12-m fwd.
ON share price (R$) Price shares Mkt. cap Debt EV GMV EBITDA Net income
[Link] 2.86 6,665.6 19,064 8,429 27,493 46,688 2,306 15

Valuation, R$ basis New

Multiple-based valuation (50% weight) 4.10
Target multiple, 12m fwd. EV/EBITDA (b) 12.4x
Q5-Q8 recurring EBITDA 2,995
- Q4 consolidated net debt 9,798
- Q4 share count 6,666
DCF-based valuation (50% weight) 4.00
Blended target price 4.10
Upside (%) +43%
Implied 12-m fwd. P/E 1611.8x
Implied 12-m fwd. EV/EBITDA 14.0x
Implied 12-m fwd. EV/GMV 0.7x
Current 12-m fwd. P/E 1294.4x
Current 12-m fwd. EV/EBITDA 11.9x
Current 12-m fwd. EV/GMV 0.6x

2017 2018 2019 2020 2021 2022E 2023E 2024E 2025E 2026E
EV/GMV (online only) 3.8X 5.0X 2.3X 1.0X 0.7X 0.6X 0.5X 0.4X 0.4X 0.3X
EV/Sales 1.4X 2.2X 1.4X 0.9X 0.8X 0.7X 0.6X 0.5X 0.5X 0.4X
EV/Recurring EBITDA 16.1X 28.0X 16.6X 18.3X 18.6X 12.7X 9.7X 7.7X 6.2X 5.1X
P/E 44.8X 59.2X 37.8X 50.5X 166.9X -261.9X 43.7X 18.2X 11.2X 8.1X
FCF yield 2.1% 1.3% 3.5% -8.5% -25.0% 1.6% 8.5% 5.6% 8.5% 11.5%
Dividend yield -0.17% -0.60% -0.95% -1.57% -0.77% 0.00% -0.57% -1.37% -2.22% -3.10%

Magazine Luiza financials (R$mn) 2017 2018 2019 2020 2021 2022E 2023E 2024E 2025E 2026E
Gross sales volume (bricks + GMV) 14,440 19,582 26,968 42,743 54,301 61,812 73,588 84,339 96,220 109,558
yoy growth (%) +27.9% +35.6% +37.7% +58.5% +27.0% +13.8% +19.1% +14.6% +14.1% +13.9%
Gross revenue 14,321 18,897 24,377 36,116 42,983 47,271 54,132 61,112 68,472 76,410
yoy growth (%) +25.9% +31.9% +29.0% +48.2% +19.0% +10.0% +14.5% +12.9% +12.0% +11.6%
Bricks gross sales 10,052 12,643 14,905 14,991 15,856 17,228 19,341 21,181 22,676 23,902
yoy growth (%) +17.4% +25.8% +17.9% +0.6% +5.8% +8.7% +12.3% +9.5% +7.1% +5.4%
GMV 4,388 6,940 12,063 27,752 38,445 44,584 54,247 63,157 73,545 85,656
yoy growth (%) +60.9% +58.2% +73.8% +130.1% +38.5% +16.0% +21.7% +16.4% +16.4% +16.5%

Net revenues 11,984 15,590 19,886 29,177 35,278 38,904 44,509 50,285 56,388 62,986
yoy growth (%) +26.0% +30.1% +27.6% +46.7% +20.9% +10.3% +14.4% +13.0% +12.1% +11.7%
Gross profit 3,606 4,537 5,554 7,520 8,487 10,597 12,299 14,083 16,054 18,287
Gross margin 30.1% 29.1% 27.9% 25.8% 24.1% 27.2% 27.6% 28.0% 28.5% 29.0%
Recurring EBITDA 1,031 1,245 1,660 1,506 1,477 2,170 2,843 3,567 4,411 5,414
yoy growth (%) +44.3% +20.8% +33.3% -9.3% -1.9% +46.9% +31.0% +25.5% +23.7% +22.7%
Recurring EBITDA margin 8.6% 8.0% 8.3% 5.2% 4.2% 5.6% 6.4% 7.1% 7.8% 8.6%
Net income 389 597 922 392 581 (135) 436 1,048 1,696 2,363
yoy growth (%) +349.4% +53.6% +54.3% -57.5% +48.4% -123.3% -422.6% +140.2% +61.8% +39.3%
Basic EPS 0.07 0.10 0.15 0.06 0.09 (0.02) 0.07 0.16 0.25 0.35
yoy growth (%) +329.0% +46.3% +52.8% -59.9% +47.8% -122.7% -422.6% +140.2% +61.8% +39.3%
Recurring net income 389 597 504 378 114 (73) 436 1,048 1,696 2,363
yoy growth (%) +349.4% +53.6% -15.6% -25.1% -69.8% -163.7% -699.4% +140.2% +61.8% +39.3%
Recurring EPS 0.07 0.10 0.08 0.06 0.02 (0.01) 0.07 0.16 0.25 0.35
yoy growth (%) +331.6% +45.9% -18.5% -27.5% -70.2% -162.8% -699.4% +140.2% +61.8% +39.3%

Capex (171) (364) (521) (544) (1,164) (724) (937) (1,054) (1,178) (1,311)
as a % of sales 1.2% 1.9% 2.1% 1.5% 2.7% 1.5% 1.7% 1.7% 1.7% 1.7%
Free cash flow 408 238 676 (1,620) (4,764) 309 1,628 1,076 1,622 2,191
FCF per share 0.07 0.04 0.11 (0.25) (0.73) 0.05 0.24 0.16 0.24 0.33
Dividends (32) (114) (182) (299) (146) - (109) (262) (424) (591)
Dividend per share -0.01 -0.02 -0.03 -0.05 -0.02 0.00 -0.02 -0.04 -0.06 -0.09
Net debt (not adj. for discounted rec.) (801) (552) (1,625) 1,310 6,125 6,354 5,956 5,675 4,954 3,789
Net Debt/ EBITDA -0.8X -0.4X -1.0X 0.9X 4.1X 2.9X 2.1X 1.6X 1.1X 0.7X
No. of shares 5,751 6,051 6,265 6,473 6,564 6,666 6,666 6,666 6,666 6,666

Operating highlights 2017 2018 2019 2020 2021 2022E 2023E 2024E 2025E 2026E

Bricks SSS (%) +14.0% +18.9% +7.6% -9.3% +16.1% +3.6% +9.7% +2.9% +3.1% +3.0%

Total GMV 4,388 6,940 12,063 27,752 38,445 44,584 54,247 63,157 73,545 85,656
growth yoy (%) +60.9% +58.2% +73.8% +130.1% +38.5% +16.0% +21.7% +16.4% +16.4% +16.5%
Direct sales (1P) GMV 4,158 6,085 9,036 20,012 25,382 26,968 30,465 34,619 39,298 44,560
growth yoy (%) +52.7% +46.3% +48.5% +121.5% +26.8% +6.2% +13.0% +13.6% +13.5% +13.4%
1P as % of consolidated GMV 94.8% 87.7% 74.9% 72.1% 66.0% 60.5% 56.2% 54.8% 53.4% 52.0%
Marketplace (3P) GMV 230 855 3,027 7,739 13,063 17,617 23,782 28,539 34,246 41,096
growth yoy (%) +5201.9% +271.7% +254.0% +155.7% +68.8% +34.9% +35.0% +20.0% +20.0% +20.0%
3P as % of consolidated GMV 5.2% 12.3% 25.1% 27.9% 34.0% 39.5% 43.8% 45.2% 46.6% 48.0%

Ecommerce weight in total sales (%) 30% 35% 45% 65% 71% 72% 74% 75% 76% 78%

Total number of stores 857 953 1,107 1,147 1,287 1,366 1,486 1,572 1,634 1,680
Total traditional stores 716 791 912 942 1,051 1,110 1,200 1,264 1,310 1,343
Total virtual stores 141 162 195 205 236 256 286 308 324 337
Store net additions (#) +58 +96 +154 +40 +140 +79 +120 +86 +62 +46

Total selling area ('000 SQM) 526 572 648 666 723 754 802 853 891 918
growth yoy (%) +4.9% +8.8% +13.2% +2.8% +8.6% +4.2% +6.4% +6.4% +4.4% +3.0%
 18 19 20 21

Magazine Luiza
In BRL$mn
2018 2019 2020 2021
q s t u

P&L Figures from 2019 include IFRS-16 adjustments

Revenue

Gross revenue 18,897 24,377 36,116 42,983

Gross revenue yoy growth (%) +32% +29% +48% +19%
Check -0.2 -0.1 0.0 0.0

Taxes on sales & rebates -3,306 -4,491 -6,939 -7,704

Sales tax rate (%) 17.5% 18.4% 19.2% 17.9%

Net revenue 15,590 19,886 29,177 35,278

Net revenue yoy growth (%) +30% +28% +47% +21%
Seasonality (%) - - - -
Check 0.0 -0.1 -0.2 0.0

COGS -11,053 -14,332 -21,657 -26,791

COGS yoy growth (%) +32% +30% +51% +24%

Gross profit 4,537 5,554 7,520 8,487

Gross margin (%) 29.1% 27.9% 25.8% 24.1%
Change yoy (bps) -99bp -118bp -216bp -172bp
Check 0.1 0.0 0.0 -395.1

SG&A

Selling Expenses -2,747 -3,444 -5,163 -6,374

Selling, % of net revenue (%) 17.6% 17.3% 17.7% 18.1%
Change yoy (bps) -7bp -30bp +38bp +37bp

G&A -596 -702 -907 -1,032

G&A, % of net revenue (%) 3.8% 3.5% 3.1% 2.9%
Change yoy (bps) -65bp -30bp -42bp -18bp

Cash SG&A -3,344 -4,146 -6,069 -7,406

Cash SG&A yoy growth (%) +26% +24% +46% +22%
Cash SG&A, % of net revenue (%) 21.4% 20.8% 20.8% 21.0%
Change yoy (bps) -72bp -60bp -5bp +19bp

D&A -164 -487 -703 -817

Total SG&A -3,507 -4,633 -6,772 -8,223

Total SG&A, % of net revenue (%) 22.5% 23.3% 23.2% 23.3%
Change yoy (bps) -86bp +80bp -9bp +10bp

Other Expenses

(i) Provisions for loan losses -60 -76 -118 -154

Provisions growth yoy (%) +42% +27% +55% +31%
Provisions as % of net revenue (%) 0.4% 0.4% 0.4% 0.4%
Change yoy (bps) +3bp -0bp +2bp +3bp

(ii) Equity income 58 27 120 99

Equity income growth yoy (%) -33% -54% +351% -17%
Equity income as % of net revenue (%) 0.4% 0.1% 0.4% 0.3%
Change yoy (bps) -35bp -24bp +28bp -13bp

Other operating revenues (net) 53 417 75 252

Operating Profit

EBIT (co. def.) 1,082 1,289 825 461

EBITDA 1,245 1,776 1,527 1,278

EBITDA margin (%) 8.0% 8.9% 5.2% 3.6%

Recurring EBITDA 1,245 1,660 1,506 1,477

Recurring EBITDA margin (%) 8.0% 8.3% 5.2% 4.2%
Change yoy (bps) -61bp +36bp -318bp -97bp

Adj. EBITDA (GS def.) 1,192 1,359 1,452 1,421

Adj. EBITDA (GS def.) margin (%) 7.6% 6.8% 5.0% 4.0%
Change yoy (bps) -65bp -81bp -186bp -95bp

Adj. Retail EBITDA 1,134 1,332 1,332 1,322

Adj. Retail EBITDA margin 7.3% 6.7% 4.6% 3.7%
Change yoy (bps) -30bp -57bp -213bp -82bp

Financial Position

Financial expenses -429 -729 -594 -1,046

% of net revenue 2.7% 3.7% 2.0% 3.0%
Change yoy (bps) -160bp +92bp -163bp +93bp

Financial income 134 659 183 357

% of net revenue 0.9% 3.3% 0.6% 1.0%
Change yoy (bps) -6bp +245bp -268bp +38bp

Net financial income -295 -70 -410 -689

% of net revenue 1.9% 2.7% 1.4% 2.0%
Change yoy (bps) -154bp +78bp -126bp +55bp
% of EBITDA 23.7% 4.0% 26.9% 53.9%

Net income and EPS

Other non-operating income (exp.) 0 0 0 0

PBT 787 1,218 414 -228
As % of net revenue 5.0% 6.1% 1.4% -0.6%
Change yoy (bps) +107bp +108bp -471bp -206bp

Total income tax -189 -296 -22 809

Effective current tax rate 24.1% 24.3% 5.4% 355.2%

Minority interest + other 0 0 0 0

 Net income 597 922 392 581
Net income yoy growth (%) +54% +54% -58% +48%
Net margin (%) 3.8% 4.6% 1.3% 1.6%
Change yoy (bps) +59bp +80bp -329bp +31bp

Recurring Net income 597 504 378 114

Net margin (%) 3.8% 2.5% 1.3% 0.3%

Basic EPS (R$) 0.10 0.15 0.06 0.09

Basic EPS (R$) yoy growth (%) +46% +53% -60% +48%
Weighted avg shares outstanding 6,051.13 6,264.63 6,472.90 6,564.45

Basic EPS (single period) (R$) 0.10 0.15 0.06 0.09

Growth yoy (%) +48% +52% -60% +47%
Basic shares outstanding 6,046.85 6,482.41 6,463.39 6,665.52

Cash dividends -114 -182 -299 -146

Payout ratio (%) 19.1% 19.7% 76.4% 25.1%

Pre- IFRS 16 Figures below exclude IFRS-16 adjustments

Lease calculations

Operational summary

Bricks sales growth (yoy %) +25.8% +17.9% +0.6% +5.8%

Bricks SSS growth (yoy %) +18.9% +7.6% -9.3% +16.1%
GMV growth (yoy %) +58.2% +73.8% +130.1% +38.5%
Total retail gross revenue growth (yoy %) +31.9% +29.0% +48.2% +19.0%
Total retail net revenue growth (yoy %) +30.1% +27.6% +46.7% +20.9%

Total # of stores (Ex-kiosks) 953 1,107 1,147 1,287

# of new stores 96 154 40 140
Total selling area (000 sqm) 572.4 648.2 666.1 723.1
Growth (yoy %) +8.8% +13.2% +2.8% +8.6%
Average selling area per store (sqm) 600.6 585.6 580.7 561.8

Store base and SSS growth

Consolidated store count 953 1,107 1,147 1,287

Net additions 96 154 40 140

Consolidated sales area ('000 sqm) 572.39 648.23 666.09 723.09

Growth yoy (%) +9% +13% +3% +9%

Net sales per store (R$mn) 16.4 18.0 25.4 27.4

Growth yoy (%) +17% +10% +42% +8%

Consolidated gross SSS growth (%) +18.9% +7.6% -9.3% +16.1%

2Y CAGR SSS growth (%) +16.4% +13.1% -1.2% +2.6%
Estimated gross SSS growth (%) +15.6% +4.1% -2.1% -2.6%
Multiplier (implied) 1.2X 1.9X 4.4X -6.3X

Retail net revenue build up

Total retail gross revenue 18,831 24,273 35,815 42,524

Growth yoy (%) +32% +29% +48% +19%
 Merchandise gross revenue 18,016 23,141 34,177 40,283
Growth yoy (%) +32% +28% +48% +18%
Physical stores gross revenue 12,643 14,905 14,991 15,856
Growth yoy (%) +26% +18% +1% +6%
E-commerce gross revenue (1P) 6,170 9,138 20,012 25,382
Growth yoy (%) +48% +48% +119% +27%
Others (matching line) -797 -901 -826 -955
Retail services gross revenue 815 1,132 1,638 2,241
Growth yoy (%) +27% +39% +45% +37%

Total retail sales taxes and discounts 11,607 -347 -6,870 -7,437
Sales taxes (%) 62% -1% -19% -17%
Merchandise sales taxes and discounts -3,204 -4,355 -6,724 -7,288
Merchandise sales taxes (%) -18% -19% -20% -18%
Retail services sales taxes and discounts -96 -120 -147 -149
Retail services sales taxes (%) -12% -11% -9% -7%

Total retail net revenue 15,531 19,799 28,945 35,088

Growth yoy (%) +30% +27% +46% +21%
Merchandise net revenue 14,812 18,786 27,454 32,996
Growth yoy (%) +30% +27% +46% +20%
Retail services net revenue 719 1,013 1,492 2,092
Growth yoy (%) +27% +41% +47% +40%

Retail gross profit build up

Total retail gross profit 4,500 5,539 7,632 9,019

Gross margin (%) 29.0% 28.0% 26.4% 25.7%
Merchandise gross profit 3,781 4,527 6,141 6,952
Merchandise gross margin (%) 25.5% 24.1% 22.4% 21.1%
Services gross profit 719 1,013 1,492 2,067
Services gross margin (%) 100.0% 100.0% 100.0% 98.8%

Physical stores forecasts

Store base

Total stores: Traditional, virtual 953 1,107 1,147 1,287

Stores net additions (#) 96 154 40 140
Total selling area (000 sqm) 572.4 648.2 666.1 723.1
Growth yoy (%) +9% +13.2% +2.8% +8.6%
Growth qoq (%)

Total selling area > 1 year old 526.0 572.4 648.2 666.1
Total selling area < 1 year old 46.4 75.8 17.9 57.0

(i) Total traditional stores 791 912 942 1,051

BOQ # traditional stores 716 791 912 942
New stores 78 121 32 109
Closures
EOQ # of traditional stores 791 912 942 1,051
Sales area ('000 sqm) traditional stores 547.27 617.99 634.01 686.69
Area per store (sqm) 691.9 677.6 673.0 653.4

(ii) Total virtual stores 162 195 205 236

BOQ # virtual stores 141 162 195 205
New stores 22 33 10 31
Closures
 EOQ # of virtual stores 162 195 205 236
Sales area ('000 sqm) virtual stores 25.12 30.24 32.08 36.40
Area per store (sqm) 155.1 155.1 156.5 154.2

(iii) Others 1 6 154 194

Total (traditional, virtual, others)

Gross revenue build up

Physical stores gross revenues 12,643 14,905 14,991 15,856

% of total revenues 67% 61% 42% 37%
Growth yoy (%) +26% +18% +1% +6%

Gross revenue traditional stores 11,734 13,786 13,860 14,669

As % of Physical stores sales 93% 92% 92% 93%
Productivity (BRL/'000 sqm) traditional stores 22.5 23.9 22.2 22.5
Growth yoy (%) +18% +6% -7% +1%
Readl GDP growth multiplier 14.2X 5.4X 1.8X 0.3X

Gross revenues virtual stores 909 1,119 1,131 1,187

As % of Physical stores sales 7% 8% 8% 7%
Productivity (BRL/'000 sqm) virtual stores 38.7 40.4 36.1 34.9
Growth yoy (%) +13% +4% -11% -3%
Readl GDP growth multiplier 9.9X 3.9X 2.7X -0.7X
As % of Traditional stores productivity growth 70% 73% 151% -239%

E-commerce forecasts

Total Brazil online market (Brazil GMV) 75,365 92,507 155,277 212,975
Growth yoy (%) +23% +68% +37%
Magazine Luiza market share (%) 9.2% 13.0% 17.9% 18.1%

Total GMV adj 6,940 12,063 27,752 38,445

Growth yoy (%) +58% +74% +130% +39%
2-year stack%
Ecommerce share in total sales 35.4% 44.7% 64.9% 70.8%

Total GMV as reported 7,025 12,366 28,526 39,752

Growth yoy (%) +76% +131% +39%
2-year stack%

1 Direct sales (1P) GMV adj 6,085 9,036 20,012 25,382

Growth yoy (%)
Direct sales (1P) GMV 6,170 9,339 20,786 26,689
Growth yoy (%) +46% +49% +121% +27%
2-year stack%
2-year stack (1P + Bricks) %

Marketplace (3P) GMV adj. 855 3,027 7,739 13,063

Growth yoy (%)
Marketplace (3P) GMV
Growth yoy (%) +272% +254% +156% +69%
Multiplier to Brazil GMV (X) 11.2X 2.3X 1.9X
2-year stack%

3P as % of consolidated GMV 12% 25% 28% 34%

Change qoq (bps)
Change yoy (bps) +708bp +1277bp +279bp +609bp

Gross revenue build up

E-commerce gross revenues (total) 6,256 9,440 20,786 26,689

Growth yoy (%) +13% +17% +49% +8%
% of total revenues 33% 39% 58% 63%

E-commerce gross revenues (1P) 6,170 9,138 20,012 25,382

Growth yoy (%) +48% +48% +119% +27%
% of e-commerce sales 99% 97% 96% 95%

Gross commissions from marketplace (3P) 86 303 774 1,306

Growth yoy (%) +272% +254% +156% +69%
% of e-commerce sales 1% 3% 4% 5%
Take rate (%) 10.00% 10.00% 10.00% 10.00%

Operational data

Delivery within 24hrs (1P)

Magalu Entregas penetration (3P sellers)
Delivery within 48hrs in Magalu Entregas (1P+3P)
No. of 3P sellers ('000)
No. of 1P+3P SKU (mn)
MAU (Monthly Active Users, mn)

Services forecasts

Services gross revenue 815 1,132 1,638 2,241

Growth yoy (%) +27% +39% +45% +37%
Commissions from marketplace (3P e-commerce sales) 86 303 774 1,306
Revenue from services other than commissions (warranties 729 829 864 935
% of physical stores gross revenue (traditional stores) 6% 6% 6% 6%

Other (consortium, LogBee, software) forecasts

Other gross revenue 80 159 517 821

Growth yoy (%) +13.5% +98.6% +224.8% +58.9%
% of retail gross revenue 0.4% 0.7% 1.4% 1.9%
Sales taxes & discounts -6 -16 -68 -268
Sales taxes (%) -7.6% -10.3% -13.2% -32.6%
Net revenues 74 143 449 553
Gross Profit 40 55 93 219
Gross margin (%) 53.5% 38.8% 20.7% 39.6%

Inter-company eliminations for Net Revenue -14 -55 -216 -363

Inter-company eliminations for Gross Profit -2 -40 -205 -356

SG&A

Cash selling expenses -2,747 -3,444 -5,163 -6,374

Growth yoy (%) +30% +25% +50% +23%
% of net revenue 17.6% 17.3% 17.7% 18.1%
Change yoy (bps) -7bp -30bp +38bp +37bp
 Cash G&A -596 -702 -907 -1,032
Growth yoy (%) +11% +18% +29% +14%
Multiplier to inflation 2.7X 4.1X 6.5X 1.4X
% of net revenue -3.8% -3.5% -3.1% -2.9%
Change yoy (bps) +65bp +30bp +42bp +18bp

Provisions for loan losses -60 -76 -118 -154

% of net revenue 0.4% 0.4% 0.4% 0.4%
Change yoy (bps) +3bp -0bp +2bp +3bp

Other operating revenue, net 53 417 75 262

Growth yoy (%) +43% +682% -82% +250%
Gain on sale of assets 0 7 -3 1
Deferred revenue 77 53 57 55
Tax liability provision (operacoes de credito pessoal) -10 484 92 428
Non-recurring expenses -13 -88 -59 -569
Other 0 -40 -12 346
Check -0.1 0.0 0.1 9.8

LuizaCred & Fintech forecasts

Operating data - Fintech

Total credit cards base (active and inactive, '000s) 4,253 5,220 5,315 7,205
Growth yoy (%) +26% +23% +2% +36%

# of Magalu pay accounts ('000s)

Growth yoy (%)

Total Payment Volume (TPV), R$mn

Growth yoy (%)
Credit card
Digital account + payments
Banking as a service

Sales breakdown (%)

Luiza card 28% 26% 16% 18%
CDC 6% 5% 4% 3%
Third-party credit cards 45% 49% 56% 56%
Cash 22% 20% 25% 23%

Credit sales

Gross retail sales 18,831 24,273 35,815 42,524

Sales within Magazine Luiza as a % of retail sales 27.6% 27.6% 17.2% 19.0%

Gross LuizaCred sales 20,565 27,250 29,361 41,435

Growth yoy (%) +36% +33% +8% +41%
LuizaCred sales within Magazine Luiza 5,194 6,708 6,164 8,073
LuizaCred sales outside Magazine Luiza 15,059 20,390 23,183 33,357
Growth yoy (%) +32% +35% +14% +44%
Consumer credit and personal loan sales 312 152 14 6
Growth yoy (%) +0% -51% -91% -59%

Portfolio

BOP gross portfolio 5,729 8,407 11,549 12,092

(+) New loans 20,565 27,250 29,361 41,435
 (-) Ageing -17,747 -23,429 -27,831 -35,310
% of LTM LuizaCred sales 86.3% 86.0% 94.8% 85.2%
(-) Write-offs -140 -679 -987 -756
EOP gross portfolio 8,407 11,549 12,092 17,461
Growth yoy (%) +47% +37% +5% +44%
LuizaCred gross portfolio 8,149 11,414 11,456
Consumer credit and personal loans gross portfolio 258 135 635

Credit metrics

Past dues
Past dues from 91 to 120 days 96 123 76
Past dues from 121 to 150 days 82 116 69
Past dues from 151 to 180 days 74 110 74
Past dues from 180 to 360 days 356 602 565
Total NPLs 608 951 784 977
NPL ratio 10.6% 11.3% 6.8% 8.1%

NPL formation
Write-offs as a % of NPL formation

BOP loan loss reserves 552 1,135 1,614 1,377

(+) Gross provisions 723 1,158 749 1,165
% of credit card sales 3.5% 4.2% 2.6% 2.8%
(-) Write-offs -140 -679 -987 -756
EOP loan loss reserves 1,135 1,614 1,377 1,786
Coverage ratio (%) 187% 170% 176% 183%

Recoveries
% of gross receivables

Interest income

Gross interest income (gross of recoveries) 1,357 1,717 1,441 1,749

Growth yoy (%) +13% +27% -16% +21%
Monthly yield on portfolio (%) 1.5% 1.3% 1.0% 0.9%

Interest income (net of recoveries) 1,243 1,601 1,296 1,600

Growth yoy (%) +14% +29% -19% +23%

Cost of funding -183 -254 -127 -178

Monthly funding cost 0.2% 0.2% 0.1% 0.1%

Net interest income (net of recoveries and funding) 1,059 1,346 1,169 1,422
Growth yoy (%) +17% +27% -13% +22%
Net interest margin (%) 15.0% 13.5% 9.9% 9.6%

Other income and expenses

Non-interest income (services) 645 851 901 1,162

Growth yoy (%) +34% +32% +6% +29%
% of net interest income 60.9% 63.2% 77.0% 81.8%
% of LuizaCred sales 3.1% 3.1% 3.1% 2.8%

Credit loss provision (net of recoveries) -723 -1,158 -749 -1,165

Growth yoy (%) +69% +60% -35% +55%
 Total income (gross profit) 981 1,040 1,321 1,419
Growth yoy (%) +2% +6% +27% +7%

Non-financial expenses -804 -971 -978 -1,138

Growth yoy (%) +8% +21% +1% +16%
Opex ratio (%) 40.1% 37.8% 41.7% 39.1%

Consumer financing result

PBT 178 69 343 282

Growth yoy (%) -18% -61% +394% -18%

Total income tax -90 -29 -138 -128

Effective tax rate (%) -50.5% -41.9% -40.3% -45.6%

Net income 88 40 205 153

Growth yoy (%) -36% -54% +408% -25%

Equity income

Total equity income 58 27 120 99

% of retail revenue 0.3% 0.1% 0.3% 0.2%
Consumer financing (LuizaCred) 44 20 102 77
Insurance (LuizaSeg) 14 6 18 23

Macroeconomic variables
Brazil
Real GDP growth yoy 1.3% 1.2% -3.9% 4.8%
CPI Inflation, eop 4.1% 4.3% 4.5% 10.1%
BRL/USD, eop 3.88 4.03 5.20 5.57
Interest rate, eop 6.50% 4.50% 2.00% 9.25%

Balance sheet (R$mn)

Assets
Current assets
Total cash 1,008 4,754 2,903 4,123
Cash & equivalents 599 306 1,681 2,566
Securities 409 4,448 1,222 1,556
Exclusive fund 397 205 205 205
Others (cash in non-exclusive fund) 12 12 12 12
Accounts receivable 2,052 2,915 4,762 5,651
Inventories 2,810 3,802 5,927 9,112
Related parties 190 370 2,330 3,707
Taxes recoverable 304 864 716 1,514
Other 49 136 161 403
Total current assets 6,412 12,841 16,799 24,510

Non-current assets
Other assets 723 1,749 1,851 3,859
Right of use asset 0 2,274 2,466 3,363
Investments in subsidiaries 309 305 387 408
Property, plant & equipment 754 1,077 1,258 1,939
Intangible assets 599 1,546 1,887 4,307
Total long-term assets 2,384 6,950 7,848 13,875
 Total assets 8,797 19,791 24,647 38,385

Liabilities
Current liabilities
Suppliers 4,105 5,935 8,501 10,099
Loans and financing 131 10 1,667 408
Payroll, vacation and related charges 259 355 360 370
Taxes payable 141 352 401 240
Related parties 125 152 130 125
Taxes in installments 0 0 0 0
Deferred revenue 39 43 43 50
Dividends payable 182 124 40 41
Technical insurance provisions 0 0 0 0
ST lease liability 0 331 351 434
Other accounts payable 406 702 1,922 3,490
Total current liabilities 5,389 8,003 13,416 15,257

Non-current liabilities
Loans and financing 325 839 20 6,385
Provision for tax, civil and labor risks 387 39 25 114
Technical insurance provisions 0 0 0 0
Deferred income tax and social contribution 391 1,037 1,380 1,154
Deferred revenue 0 357 301 245
LT lease liability 0 1,950 2,175 3,021
Other accounts payable 2 2 5 947
Total long-term liabilities 1,105 4,224 3,906 11,866

Total liabilities 6,494 12,226 17,322 27,123

Net equity

Minority interest 0 0 0 0
Total shareholders' equity 2,303 7,565 7,325 11,261

Total Liabilities and shareholders' equity 8,797 19,791 24,647 38,385

Check 0.00 0.00 0.00 0.00

Financial leases

Right of use assets 1,882 2,274 2,466 3,363

ST lease liability 331 351 434
LT lease liability 1,950 2,175 3,021
Total lease liabilities 1,892 2,280 2,526 3,455

Balance sheet metrics

Includes IFRS 16 leases from 2019
Gross debt incl. leases 456 3,129 4,213 10,248
Cash position 1,008 4,754 2,903 4,123

Net debt (cash) incl. leases -552 -1,625 1,310 6,125

Net debt / LTM adj. EBITDA (co.) -0.5X -1.2X 0.9X 4.3X

Adjusted net debt (GS) - includes discounted receivable 834 55 5,858 11,291
Adj. net debt (GS) / LTM adj. EBITDA (co.) 0.7X 0.0X 4.0X 7.9X
 Excludes Leases
Gross debt ex. Leases 456 849 1,687 6,793
Cash position 1,008 4,754 2,903 4,123
Net debt (cash) [Link] -552 -3,905 -1,216 2,670
Net debt / LTM adj. EBITDA (co.) -0.5X -2.9X -0.8X 1.9X
Adjusted net debt (GS) - includes discounted receivable 834 -2,225 3,331 7,836
Adj. net debt (GS) / LTM adj. EBITDA (co.) 0.7X -1.6X 2.3X 5.5X

For covenants
Gross debt ex. Leases
Cash position (includes CC receivables not discounted)
Company adjusted net debt (cash) [Link]
Company adjusted EBITDA (recurring EBIDA)
Adj. net debt / EBITDA for covenants

Asset turnover 6.5X 4.5X 5.0X 4.4X

Inventory turnover 15.1X 15.7X 14.7X 13.3X
Inventory growth to gross sales growth 1.08X 1.05X 1.05X 1.29X

Balance sheet (R$mn)

Working capital cycle

Assets
Gross receivables (days of NR) 79 83 115 110
Net receivables (days of NR) 16 18 22 20
Inventories (days of cogs) 31 34 39 44
Other non-financial current assets (days of NR) 4 9 15 20
Liabilities
Accounts payable (days of cogs) 46 53 55 49
Other accounts payable (days of cogs)
Other non-financial liab. (days of NR) 8 10 13 15

Cash conversion cycle

Gross receivable days, yoy -4 +4 +32 -4

Inventory days, yoy +6 +3 +5 +6
Payable days, yoy +9 +7 +2 -6

CCC 65 64 98 106
CCC deterioration (improvement) -6d -1d +34d +7d

Working capital changes

Net working capital demanded (total) 367 261 2,230 5,630

% of LTM gross revenue 1.9% 1.1% 6.2% 13.1%
Change yoy (bps) +202bp -87bp +510bp +692bp

Decrease (increase) in net WK (for DCF) -378 106 -1,968 -3,400

Decrease (increase) in WK (cross check) -378 -224 -1,989 -3,483

Core working capital 757 782 2,188 4,664

% of LTM gross revenue 4.0% 3.2% 6.1% 10.9%

Discounting of receivables (3rd party CC)

Gross receivables (Third party card) 2,878 3,801 8,395 9,784

Third party card gross receivables days (days of NR) 66 69 104 100
 Discounted receivables -6,138 -7,773 -11,397 -21,449
Amount discounted as % of gross receivables 213% 205% 136% 219%

Net receivables 2,052 2,915 4,762 5,651

Credit Card - Third party card 1,492 2,121 3,847 4,618
Others 559 794 915 1,033
Other net receivables days (days of NR) 13 14 11 11

Financial result

Financial expenses -429 -729 -594 -1,046

Interest on loans and financing -50 -56 -47 -173
Interest on prepayment of receivables -305 -402 -240 -568
Other expenses -73 -118 -128 -80
Interest on lease 0 -152 -179 -225
Check 0.0 0.0 0.0

Interest on loans and financing -50 -56 -47 -173

Annualized yield (%) 5.8% 12.4% 5.5% 10.2%
Multiplier to Selic 89% 275% 274% 111%

Interest on prepayment of receivables total -305 -402 -240 -568

vv
Interest on prepayment of receivables - 3rd party CC -73 -139 -124
Interest on prepayment of receivables - Luiza Card -233 -263 -115
Annualized yield (%) 4.7% 6.6% 3.1% 5.0%
Multiplier to Selic 72% 146% 154% 54%

Interest on leases -152 -179 -225

Annualized yield (%) 8.1% 7.9% 8.9%
Multiplier to Inflation 187% 174% 89%

Other financial expenses -73 -118 -128 -80

Financial revenues 134 659 183 357

Gains on marketable securities 9 9 19
Other financial revenues 125 650 164
Annualized yield (%) 8.0% 65.3% 3.9% 12.3%
Multiplier to Selic 123% 1452% 193% 133%
Check 0.0 0.0 0.0

Total financial results -295 -70 -410 -689

Income tax and IOC

PBT (excluding equity income) 729 1,192 294 -327

Tax rate (%) 34.0% 34.0% 34.0% 34.0%
Theoretical income tax 248 405 100 -111

(-) IOC tax benefit -38 -58 -58 -34

(-) Share-based compensation 0 0 0 0
(-) Others -20 -51 -20 -495

Effective income tax 189 296 22 -641

Effective tax rate (%) 26% 25% 8% 196%

Amount of IOC declared -182 -170 -170 -100

IOC declared as a % of max. payable 113% 40% 57% 68%

Max. IOC payable -161 -421 -299 -146

TJLP * Shareholders' equity 161 421 333 599
TJLP rate (%) 7.0% 5.6% 4.6% 5.3%
50% * EBT post CSLL 332 542 134 -149

IOC tax deductibility -62 -58 -58 -34

IOC tax benefit as a % of IOC declared 34.0% 34.0% 34.0% 34.0%

Total payout -114 -182 -299 -146

Payout ratio (%) 19% 20% 76% 25%

Short- & long-term debt projection

Change in ST debt -304 -121 1,657 -1,259

Change in LT debt -112 514 -819 6,365

PP&E & intangibles

Depreciation 164 487 703 817

Depreciation / PP&E + ROU 28.8% 18.5% 21.0% 21.9%

Capex

New store capex (R$mn) 87 179 93 222

Avg. capex per new sqm opened (R$) 1,866 2,362 5,209 3,898
New traditional stores capex (R$mn) - - - -
# of new traditional stores opened - - - -
Average capex per new traditional store opened (R$) - - - -
New virtual stores capex (R$mn) - - - -
# of new virtual stores opened - - - -
Average capex per new virtual store opened (R$) - - - -
Store reform capex (R$mn) 54 47 33 50
Technology capex (R$mn) 85 119 197 331
Other / Logistics (R$mn) 139 176 220 561
Total Capex 364 521 544 1,164

New store capex as % of net revenue 0.6% 0.9% 0.3% 0.6%

Store reform capex as % of net revenue 0.3% 0.2% 0.1% 0.1%
Technology capex as % of net revenue 0.5% 0.6% 0.7% 0.9%
Logistics and other capex as % of net revenue 0.9% 0.9% 0.8% 1.6%
Total capex as % of net revenue 2.3% 2.6% 1.9% 3.3%

Statement of Cash Flows (R$mn)

Cash flow from operating activities

Net income 597 922 392 581
Minority interest 0 0 0 0
Deprec. and amortization 164 211 326 353
(Increase)/decrease in working capital -378 106 -1,968 -3,400
Other operating cash flow items -32 367 -174 1,251
Net cash provided by operating activities 351 1,606 -1,424 -1,214

Cash flow from investing activities

 Incr. or decrease in investments 3 3 -82 -21
Capital expenditures, Capex -364 -521 -544 -1,164
Acquisitions 0 -392 -26 -132
Other investing items 0 0 0 0
Net cash used in investing activities -362 -910 -651 -1,318

Cash flow from financing activities

Dividends or Interest on equity ("JCP") -114 -182 -299 -146
Incr. or decrease in equity -76 4,301 0 3,981
Incr. or decrease in loans (borrowings) -416 393 838 5,106
Other financing (goodwill reserve, etc.) -48 -1,462 -314 -5,190
Net cash provided by financing activities -654 3,049 225 3,751

Net increase in cash and cash equivalents -664 3,746 -1,851 1,219
Cash & cash equivalents at beg of period 1,672 1,008 4,754 2,903
Cash & cash equivalents at end of period 1,008 4,754 2,903 4,123
Check 0.00 0.00 0.00 0.00

Cash flow forecasts for DCF purposes

Operating income 1,024 1,110 525 137

Theoretical tax rate (%) 26% 25% 8% 196%
Theoretical tax on operating income -265 -256 -80 -789
NOPLAT 759 853 446 -653
(+) Depreciation and amortization 164 211 326 353
(+/-) Other cash items 58 27 120 99
Gross cash flow 981 1,091 892 -200
(+/-) Change in working capital -378 106 -1,968 -3,400
(-) Capex -364 -521 -544 -1,164
Gross investment -742 -415 -2,512 -4,564
Free cash flow to all investors 238 676 -1,620 -4,764
(+/-) Change in debt -416 393 838 5,106
(+/-) Net financial expenses -295 82 -231 -464
Free cash flow to equity -472 1,150 -1,014 -122

Profitability
Invested capital (non financial [assets-liabilities]) 1,442 3,355 5,722 13,524

ROIC 68% 37% 17% -18%

ROE 27% 10% 5% 1%
ROA 13% 8% 2% 0%

Net revenue 15,542 19,789 28,822 34,997

Bricks 10,394 12,100 12,042 12,988
1P 5,073 7,418 16,075 20,790
3P 75 271 705 1,220

Gross profit 3,849 4,842 6,346 7,709

Bricks 3,118 3,630 3,613 3,896
1P 663 969 2,100 2,715
3P 68 244 634 1,098

Gross margin 24.8% 24.5% 22.0% 22.0%

Growth (bp yoy) -29 -245 1
Bricks 30.0% 30.0% 30.0% 30.0%
1P 13.1% 13.1% 13.1% 13.1%
3P 90.0% 90.0% 90.0% 90.0%
 22 23 23 23 23 25 26

2022E 2023E 2024E 2025E 2026E P

v w w w w y z

S-16 adjustments

47,271 54,132 61,112 68,472 76,410 85,141

+10% +15% +13% +12% +12% +11%
0.0 0.0 0.0 0.0 0.0 0.0

-8,367 -9,623 -10,827 -12,084 -13,424 -14,882

17.7% 17.8% 17.7% 17.6% 17.6% 17.5%

38,904 44,509 50,285 56,388 62,986 70,259

+10% +14% +13% +12% +12% +12%
- - - - - -
-0.1 0.0 0.0 0.0 0.0 0.0

-28,307 -32,210 -36,202 -40,335 -44,699 -49,388

+6% +14% +12% +11% +11% +10%

10,597 12,299 14,083 16,054 18,287 20,871

27.2% 27.6% 28.0% 28.5% 29.0% 29.7%
+318bp +39bp +37bp +46bp +56bp +67bp
-0.1 0.0 0.0 0.0 0.0 0.0

-6,983 -7,900 -8,926 -10,009 -11,180 -12,471

17.9% 17.7% 17.7% 17.7% 17.7% 17.7%
-12bp -20bp -0bp -0bp -0bp -0bp

-1,387 -1,480 -1,540 -1,591 -1,640 -1,689

3.6% 3.3% 3.1% 2.8% 2.6% 2.4%
+64bp -24bp -26bp -24bp -22bp -20bp

-8,370 -9,381 -10,466 -11,600 -12,820 -14,160

+13% +12% +12% +11% +11% +10%
21.5% 21.1% 20.8% 20.6% 20.4% 20.2%
+52bp -44bp -26bp -24bp -22bp -20bp

-1,080 -1,147 -1,241 -1,341 -1,447 -1,551

-9,449 -10,528 -11,707 -12,941 -14,267 -15,711

24.3% 23.7% 23.3% 23.0% 22.7% 22.4%
+98bp -63bp -37bp -33bp -30bp -29bp

-192 -193 -218 -245 -273 -305

 +24% +1% +13% +12% +12% +12%
0.5% 0.4% 0.4% 0.4% 0.4% 0.4%
+6bp -6bp +0bp +0bp +0bp +0bp

70 150 201 237 257 272

-30% +114% +35% +18% +8% +6%
0.2% 0.3% 0.4% 0.4% 0.4% 0.4%
-10bp +16bp +6bp +2bp -1bp -2bp

-30 -32 -34 -35 -36 -37

996 1,695 2,325 3,070 3,967 5,089

2,076 2,843 3,567 4,411 5,414 6,640

5.3% 6.4% 7.1% 7.8% 8.6% 9.5%

2,170 2,843 3,567 4,411 5,414 6,640

5.6% 6.4% 7.1% 7.8% 8.6% 9.5%
+139bp +81bp +71bp +73bp +77bp +86bp

2,105 2,875 3,600 4,446 5,450 6,678

5.4% 6.5% 7.2% 7.9% 8.7% 9.5%
+138bp +105bp +70bp +72bp +77bp +85bp

2,036 2,725 3,399 4,209 5,194 6,406

5.2% 6.1% 6.8% 7.5% 8.2% 9.1%
+149bp +89bp +64bp +70bp +78bp +87bp

-2,085 -1,764 -1,497 -1,371 -1,400 -1,479

5.4% 4.0% 3.0% 2.4% 2.2% 2.1%
+240bp -140bp -98bp -55bp -21bp -12bp

741 591 475 437 517 680

1.9% 1.3% 0.9% 0.8% 0.8% 1.0%
+89bp -58bp -38bp -17bp +5bp +15bp

-1,344 -1,173 -1,022 -934 -884 -799

3.5% 2.6% 2.0% 1.7% 1.4% 1.1%
+150bp -82bp -60bp -38bp -25bp -27bp
64.8% 41.2% 28.7% 21.2% 16.3% 12.0%

0 0 0 0 0 0
-348 523 1,303 2,136 3,083 4,290
-0.9% 1.2% 2.6% 3.8% 4.9% 6.1%
-25bp +207bp +142bp +120bp +111bp +121bp

213 -86 -255 -440 -721 -1,087

61.2% 16.5% 19.6% 20.6% 23.4% 25.3%

0 0 0 0 0 0
 -135 436 1,048 1,696 2,363 3,203
-123% -423% +140% +62% +39% +36%
-0.3% 1.0% 2.1% 3.0% 3.8% 4.6%
-200bp +133bp +110bp +92bp +74bp +81bp

-73 436 1,048 1,696 2,363 3,203

-0.2% 1.0% 2.1% 3.0% 3.8% 4.6%

-0.02 0.07 0.16 0.25 0.35 0.48

-123% -423% +140% +62% +39% +36%
6,665.55 6,665.58 6,665.58 6,665.58 6,665.58 6,665.58

(0.02) 0.07 0.16 0.25 0.35 0.48

-123% -423% +140% +62% +39% +36%
6,665.58 6,665.58 6,665.58 6,665.58 6,665.58 6,665.58

0 -109 -262 -424 -591 -801

0.0% 25.0% 25.0% 25.0% 25.0% 25.0%

+8.7% +12.3% +9.5% +7.1% +5.4% +4.3%

+3.6% +9.7% +2.9% +3.1% +3.0% +3.0%
+16.0% +21.7% +16.4% +16.4% +16.5% +16.5%
+10.0% +14.5% +12.9% +12.0% +11.6% +11.4%
+10.3% +14.4% +13.0% +12.1% +11.7% +11.5%

1,366 1,486 1,572 1,634 1,680 1,714

79 120 86 62 46 34
753.8 802.2 853.4 890.5 917.5 937.3
+4.2% +6.4% +6.4% +4.4% +3.0% +2.2%
551.8 539.8 542.9 545.0 546.2 546.8

1,366 1,486 1,572 1,634 1,680 1,714

79 120 86 62 46 34

753.78 802.20 853.38 890.50 917.55 937.29

+4% +6% +6% +4% +3% +2%

28.5 30.0 32.0 34.5 37.5 41.0

+4% +5% +7% +8% +9% +9%

+3.6% +9.7% +2.9% +3.1% +3.0% +3.0%

+9.6% +6.6% +6.2% +3.0% +3.0% +3.0%
+4.2% +5.5% +2.9% +2.6% +2.3% +2.2%
0.8X 1.8X 1.0X 1.2X 1.3X 1.4X

46,798 53,606 60,518 67,806 75,667 84,313

+10% +15% +13% +12% +12% +11%
43,909 49,805 55,800 61,974 68,462 75,405
+9% +13% +12% +11% +10% +10%
17,228 19,341 21,181 22,676 23,902 24,941
+9% +12% +10% +7% +5% +4%
26,968 30,465 34,619 39,298 44,560 50,464
+6% +13% +14% +14% +13% +13%
-287 0 0 0 0 0
2,889 3,800 4,718 5,833 7,205 8,908
+29% +32% +24% +24% +24% +24%

-7,958 -9,159 -10,303 -11,496 -12,769 -14,152

-17% -17% -17% -17% -17% -17%
-7,699 -8,815 -9,876 -10,969 -12,117 -13,346
-18% -18% -18% -18% -18% -18%
-260 -344 -427 -527 -652 -806
-9% -9% -9% -9% -9% -9%

38,840 44,447 50,215 56,310 62,898 70,161

+11% +14% +13% +12% +12% +12%
36,210 40,990 45,924 51,005 56,345 62,059
+10% +13% +12% +11% +10% +10%
2,629 3,457 4,291 5,305 6,553 8,102
+26% +31% +24% +24% +24% +24%

10,597 12,299 14,083 16,054 18,287 20,871

27.3% 27.7% 28.0% 28.5% 29.1% 29.7%
7,965 8,842 9,792 10,749 11,734 12,769
22.0% 21.6% 21.3% 21.1% 20.8% 20.6%
2,632 3,457 4,291 5,305 6,553 8,102
100.1% 100.0% 100.0% 100.0% 100.0% 100.0%

1,366 1,486 1,572 1,634 1,680 1,714

79 120 86 62 46 34
753.8 802.2 853.4 890.5 917.5 937.3
+4% +6% +6% +4% +3% +2%

723.1 753.8 802.2 853.4 890.5 917.5

30.7 48.4 51.2 37.1 27.0 19.7

1,110 1,200 1,264 1,310 1,343 1,367

1,051 1,110 1,200 1,264 1,310 1,343
59 90 64 46 33 24

1,110 1,200 1,264 1,310 1,343 1,367

713.86 758.44 805.62 839.78 864.51 882.41
643.1 632.0 637.4 641.1 643.7 645.5

256 286 308 324 337 347

236 256 286 308 324 337
20 30 22 16 13 10
 256 286 308 324 337 347
39.92 43.76 47.76 50.72 53.04 54.88
155.9 153.0 155.1 156.5 157.4 158.2

194 194 194 194 194 194

17,228 19,341 21,181 22,676 23,902 24,941

37% 36% 35% 33% 32% 30%
+9% +12% +10% +7% +5% +4%

15,927 17,842 19,492 20,832 21,931 22,858

92% 92% 92% 92% 92% 92%
22.9 24.4 24.8 25.2 25.7 26.1
+2% +7% +2% +2% +2% +2%
0.8X 9.3X 0.7X 0.7X 0.7X 0.7X

1,301 1,499 1,689 1,844 1,971 2,084

8% 8% 8% 8% 8% 8%
33.9 36.2 36.7 37.3 37.9 38.5
-3% +7% +1% +2% +2% +2%
-1.3X 9.3X 0.6X 0.7X 0.7X 0.7X
-164% 99% 92% 95% 97% 96%

252,440 314,696 376,911 442,148 512,092

+19% +25% +20% +17% +16%
17.7% 17.2% 16.8% 16.6% 16.7%

44,584 54,247 63,157 73,545 85,656 99,779

+16% +22% +16% +16% +16% +16%

72.1% 73.7% 74.9% 76.4% 78.2% 80.0%

46,375 56,855 66,572 77,985 91,395 107,159

+17% +23% +17% +17% +17% +17%

26,968 30,465 34,619 39,298 44,560 50,464

28,759 33,072 38,033 43,738 50,299 57,844

+6% +13% +14% +14% +13% +13%

17,617 23,782 28,539 34,246 41,096 49,315

+35% +35% +20% +20% +20% +20%

1.9X 1.4X 1.0X - - -

40% 44% 45% 47% 48% 49%

+553bp +433bp +135bp +138bp +141bp +145bp

28,759 33,072 38,033 43,738 50,299 57,844

-2% +0% +2% +3% +3% +3%
61% 62% 63% 65% 66% 69%

26,968 30,465 34,619 39,298 44,560 50,464

+6% +13% +14% +14% +13% +13%
94% 92% 91% 90% 89% 87%

1,791 2,608 3,415 4,440 5,739 7,380

+37% +46% +31% +30% +29% +29%
6% 8% 9% 10% 11% 13%
10.15% 10.93% 11.93% 12.93% 13.93% 14.93%

2,889 3,800 4,718 5,833 7,205 8,908

+29% +32% +24% +24% +24% +24%
1,788 2,598 3,403 4,426 5,723 7,360
1,101 1,202 1,314 1,406 1,482 1,548
7% 7% 7% 7% 7% 7%

473 526 594 666 743 828

-42.4% +11.3% +12.9% +12.0% +11.6% +11.4%
1.0% 1.0% 1.0% 1.0% 1.0% 1.0%
-408 -464 -524 -587 -655 -730
-86.4% -88.2% -88.2% -88.2% -88.2% -88.2%
65 62 70 79 88 98
0 0 0 0 0 0
0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

0 0 0 0 0 0
0 0 0 0 0 0

-6,983 -7,900 -8,926 -10,009 -11,180 -12,471

+10% +13% +13% +12% +12% +12%
17.9% 17.7% 17.7% 17.7% 17.7% 17.7%
-12bp -20bp -0bp -0bp -0bp -0bp
-1,387 -1,480 -1,540 -1,591 -1,640 -1,689
+34% +7% +4% +3% +3% +3%
4.7X 1.3X 1.2X 1.0X 1.0X 1.0X
-3.6% -3.3% -3.1% -2.8% -2.6% -2.4%
-64bp +24bp +26bp +24bp +22bp +20bp

-192 -193 -218 -245 -273 -305

0.5% 0.4% 0.4% 0.4% 0.4% 0.4%
+6bp -6bp +0bp +0bp +0bp +0bp

-30 -32 -34 -35 -36 -37

-111% +7% +6% +3% +3% +3%
0 0 0 0 0 0
14 0 0 0 0 0
-10 0 0 0 0 0
-106 0 0 0 0 0
21 0 0 0 0 0

-100%

46,798 53,606 60,518 67,806 75,667 84,313

21.1% 23.3% 25.6% 27.0% 27.0% 27.0%

51,004 57,738 65,211 73,036 80,631 84,772

+23% +13% +13% +12% +10% +5%
9,894 12,516 15,468 18,319 20,443 22,778
41,105 45,215 49,737 54,711 60,182 61,987
+23% +10% +10% +10% +10% +3%
6 6 6 6 7 7
-6% +5% +4% +3% +3% +3%

17,461 20,626 22,985 25,543 28,118 30,595

51,004 57,738 65,211 73,036 80,631 84,772
-46,909 -54,027 -61,062 -68,720 -76,158 -81,561
92.0% 93.6% 93.6% 94.1% 94.5% 96.2%
-931 -1,353 -1,591 -1,740 -1,996 -2,335
20,626 22,985 25,543 28,118 30,595 31,471
+18% +11% +11% +10% +9% +3%

1,581 1,859 2,060 2,280 2,479 2,550

9.1% 9.0% 9.0% 8.9% 8.8% 8.3%

1,786 2,709 3,186 3,531 3,907 4,248

1,853 1,830 1,936 2,117 2,337 2,457
3.6% 3.2% 3.0% 2.9% 2.9% 2.9%
-931 -1,353 -1,591 -1,740 -1,996 -2,335
2,709 3,186 3,531 3,907 4,248 4,371
171% 171% 171% 171% 171% 171%

3,134 3,782 4,193 4,650 5,074 5,317

+79% +21% +11% +11% +9% +5%
1.3% 1.3% 1.3% 1.3% 1.3% 1.3%

2,945 3,554 3,941 4,370 4,768 4,997

+84% +21% +11% +11% +9% +5%

-914 -1,306 -1,448 -1,605 -1,752 -1,835

0.4% 0.5% 0.5% 0.5% 0.5% 0.5%

2,032 2,249 2,493 2,765 3,017 3,161

+43% +11% +11% +11% +9% +5%
10.7% 10.3% 10.3% 10.3% 10.3% 10.2%

1,556 1,815 2,049 2,295 2,534 2,664

+34% +17% +13% +12% +10% +5%
76.6% 80.7% 82.2% 83.0% 84.0% 84.3%
3.1% 3.1% 3.1% 3.1% 3.1% 3.1%

-1,703 -1,602 -1,683 -1,837 -2,031 -2,137

+46% -6% +5% +9% +11% +5%
 1,885 2,461 2,859 3,223 3,519 3,688
+33% +31% +16% +13% +9% +5%

-1,736 -2,059 -2,297 -2,555 -2,799 -2,934

+53% +19% +12% +11% +10% +5%
37.0% 36.8% 36.8% 36.8% 36.8% 36.8%

149 402 562 668 721 754

-47% +171% +40% +19% +8% +5%

-60 -161 -225 -267 -288 -302

-40.1% -40.0% -40.0% -40.0% -40.0% -40.0%

89 241 337 401 432 453

-42% +171% +40% +19% +8% +5%

70 150 201 237 257 272

0.1% 0.3% 0.3% 0.3% 0.3% 0.3%
45 121 169 0 0 0
25 29 33 0 0 0

2.1% 0.7% 2.3% 2.5% 2.4% 2.4%

7.3% 5.4% 3.4% 3.3% 3.0% 3.0%
5.59 5.95 6.10 6.18 6.25 6.30
13.75% 10.25% 8.00% 7.00% 7.00% 7.00%

4,067 4,464 4,746 5,467 6,631 8,452

3,849 4,247 4,528 5,250 6,414 8,234
217 217 217 217 217 217
205 205 205 205 205 205
12 12 12 12 12 12
6,807 6,594 7,450 8,354 9,332 10,409
8,645 9,837 11,056 12,318 13,651 15,083
2,887 2,887 2,887 2,887 2,887 2,887
1,567 1,567 1,567 1,567 1,567 1,567
267 267 267 267 267 267
24,240 25,617 27,973 30,861 34,335 38,665

4,085 4,085 4,085 4,085 4,085 4,085

3,397 3,397 3,397 3,397 3,397 3,397
378 378 378 378 378 378
2,158 2,533 2,932 3,355 3,806 4,191
4,327 4,327 4,327 4,327 4,327 4,327
14,345 14,720 15,119 15,542 15,993 16,378
38,584 40,337 43,092 46,403 50,328 55,043

10,277 11,694 13,143 14,644 16,228 17,931

494 494 494 494 494 494
376 376 376 376 376 376
199 199 199 199 199 199
115 115 115 115 115 115
0 0 0 0 0 0
50 50 50 50 50 50
41 41 41 41 41 41
0 0 0 0 0 0
440 440 440 440 440 440
3,687 4,195 4,715 5,254 5,822 6,433
15,680 17,605 19,574 21,613 23,766 26,079

6,417 6,417 6,417 6,417 6,417 6,417

101 101 101 101 101 101
0 0 0 0 0 0
1,112 1,112 1,112 1,112 1,112 1,112
231 231 231 231 231 231
3,069 3,069 3,069 3,069 3,069 3,069
830 830 830 830 830 830
11,760 11,760 11,760 11,760 11,760 11,760

27,440 29,365 31,334 33,373 35,526 37,839

0 0 0 0 0 0
11,144 10,972 11,757 13,029 14,801 17,204

38,584 40,337 43,092 46,403 50,328 55,043

0.00 0.00 0.00 0.00 0.00 0.00

3,397 3,397 3,397 3,397 3,397 3,397

440 440 440 440 440 440
3,069 3,069 3,069 3,069 3,069 3,069
3,509 3,509 3,509 3,509 3,509 3,509

10,421 10,421 10,421 10,421 10,421 10,421

4,067 4,464 4,746 5,467 6,631 8,452

6,354 5,956 5,675 4,954 3,789 1,969

3.0X 2.1X 1.6X 1.1X 0.7X 0.3X

9,798 9,172 9,308 9,027 8,340 7,045

4.7X 3.2X 2.6X 2.0X 1.5X 1.1X
 6,912 6,912 6,912 6,912 6,912 6,912
4,067 4,464 4,746 5,467 6,631 8,452
2,845 2,447 2,166 1,444 280 -1,540
1.4X 0.9X 0.6X 0.3X 0.1X -0.2X
6,289 5,663 5,799 5,518 4,831 3,536
3.0X 2.0X 1.6X 1.2X 0.9X 0.5X

5.2X 4.9X 5.0X 4.5X 4.8X 5.0X

15.9X 16.0X 14.5X 12.8X 13.8X 13.7X
0.86X 0.99X 1.00X 0.99X 0.99X 0.99X

95 79 79 79 79 79
20 16 16 16 16 16
34 32 32 32 32 32
14 11 10 9 8 7

41 39 38 38 38 38

13 12 12 11 11 11

-16 -16 +0 +0 +0 +0
-10 -2 -0 +0 -0 -0
-9 -2 -0 +0 -0 -0

88 73 73 73 73 73
-17d -15d +0d -0d +0d +0d

5,080 4,133 4,239 4,367 4,524 4,720

10.7% 7.6% 6.9% 6.4% 5.9% 5.5%
-235bp -311bp -70bp -56bp -46bp -38bp

550 946 -106 -128 -157 -196

544 946 -106 -128 -157 -196

5,175 4,737 5,362 6,028 6,754 7,561

10.9% 8.8% 8.8% 8.8% 8.8% 8.9%

9,113 8,507 9,611 10,777 12,038 13,428

84 69 69 69 69 69
-15,787 -12,904 -15,886 -17,866 -19,987 -22,305
173% 152% 165% 166% 166% 166%

6,807 6,594 7,450 8,354 9,332 10,409

5,668 5,291 5,978 6,703 7,488 8,352
1,139 1,303 1,472 1,651 1,844 2,057
11 11 11 11 11 11

-2,085 -1,764 -1,497 -1,371 -1,400 -1,479

-770 -713 -516 -427 -412 -412
-875 -673 -592 -545 -579 -646
-183 -127 -138 -148 -158 -169
-257 -251 -251 -251 -251 -251

-770 -713 -516 -427 -412 -412

11.3% 10.3% 7.5% 6.2% 6.0% 6.0%
82% 101% 93% 88% 85% 85%

-875 -673 -592 -545 -579 -646

4.1% 4.3% 4.6% 3.4% 3.2% 3.2%

30% 42% 57% 49% 46% 46%

-257 -251 -251 -251 -251 -251

7.4% 7.2% 7.2% 7.2% 7.2% 7.2%
101% 132% 210% 220% 238% 238%

-183 -127 -138 -148 -158 -169

741 591 475 437 517 680

18.0% 14.5% 10.6% 9.2% 9.4% 10.2%

131% 142% 133% 132% 135% 146%

-1,344 -1,173 -1,022 -934 -884 -799

-418 373 1,102 1,899 2,826 4,018

34.0% 34.0% 34.0% 34.0% 34.0% 34.0%
-142 127 375 646 961 1,366

0 -40 -119 -206 -240 -279

0 0 0 0 0 0
-71 0 0 0 0 0

-213 86 255 440 721 1,087

51% 23% 23% 23% 26% 27%

0 -119 -351 -605 -707 -821

 0% 70% 70% 70% 70% 70%

0 -170 -501 -864 -1,009 -1,173

760 748 802 889 1,009 1,173
6.8% 6.8% 6.8% 6.8% 6.8% 6.8%
-190 170 501 864 1,286 1,828

0 -40 -119 -206 -240 -279

34.0% 34.0% 34.0% 34.0% 34.0% 34.0%

0 -109 -262 -424 -591 -801

0% 25% 25% 25% 25% 25%

0 0 0 0 0 0
0 0 0 0 0 0

1,080 1,147 1,241 1,341 1,447 1,551

20.4% 20.7% 20.9% 21.2% 21.4% 21.5%

19 0 0 0 0 0
603 0 0 0 0 0
0 0 0 0 0 0
63 90 64 46 33 24
0 0 0 0 0 0
0 0 0 0 0 0
20 30 22 16 13 10
0 0 0 0 0 0
45 47 49 51 52 54
342 458 517 580 648 667
319 432 488 547 611 629
724 937 1,054 1,178 1,311 1,350

0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

0.1% 0.1% 0.1% 0.1% 0.1% 0.1%
0.9% 1.0% 1.0% 1.0% 1.0% 0.9%
0.8% 1.0% 1.0% 1.0% 1.0% 0.9%
1.9% 2.1% 2.1% 2.1% 2.1% 1.9%

-135 436 1,048 1,696 2,363 3,203

0 0 0 0 0 0
503 561 655 755 861 965
550 946 -106 -128 -157 -196
413 0 0 0 0 0
1,331 1,943 1,597 2,323 3,066 3,971
 30 0 0 0 0 0
-724 -937 -1,054 -1,178 -1,311 -1,350
-529 0 0 0 0 0
0 0 0 0 0 0
-1,222 -937 -1,054 -1,178 -1,311 -1,350

0 -109 -262 -424 -591 -801

0 -500 0 0 0 0
119 0 0 0 0 0
-283 0 0 0 0 0
-165 -609 -262 -424 -591 -801

-56 398 281 721 1,164 1,820

4,123 4,067 4,464 4,746 5,467 6,631
4,067 4,464 4,746 5,467 6,631 8,452
0.00 0.00 0.00 0.00 0.00 0.00

670 1,295 1,873 2,582 3,459 4,566

51% 23% 23% 23% 26% 27%
-231 -386 -493 -646 -918 -1,264
439 908 1,380 1,936 2,542 3,302
503 561 655 755 861 965
70 150 201 237 257 272
1,012 1,619 2,236 2,927 3,659 4,539
550 946 -106 -128 -157 -196
-1,253 -937 -1,054 -1,178 -1,311 -1,350
-702 10 -1,160 -1,305 -1,468 -1,547
309 1,628 1,076 1,622 2,191 2,992
119 0 0 0 0 0
-1,088 -921 -771 -683 -633 -548
-660 707 305 939 1,558 2,444

13,612 13,041 13,546 14,096 14,704 15,286

3% 11% 14% 18% 21% 25%

-1% 4% 9% 14% 17% 20%
2% 3% 4% 6% 7% 9%

38,077 43,362 49,030 55,043 61,565 68,772

14,207 15,918 17,432 18,662 19,672 20,527
22,240 25,073 28,491 32,343 36,673 41,532
1,630 2,372 3,106 4,039 5,220 6,713

8,634 10,185 11,746 13,457 15,389 17,624

4,262 4,775 5,230 5,599 5,901 6,158
2,905 3,275 3,721 4,224 4,790 5,424
1,467 2,135 2,795 3,635 4,698 6,041

22.7% 23.5% 24.0% 24.4% 25.0% 25.6%

65 81 47 49 55 63
30.0% 30.0% 30.0% 30.0% 30.0% 30.0%
13.1% 13.1% 13.1% 13.1% 13.1% 13.1%
90.0% 90.0% 90.0% 90.0% 90.0% 90.0%
 63 64 65 66 67 68 70 70

1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19

bk bl bm bn bo bp bq br

Figures from 1Q19 include IFRS-16 adjustments

4,366 4,487 4,444 5,599 5,313 5,196 5,999 7,868

+30% +39% +30% +30% +22% +16% +35% +41%
(0.1) (0.1) (0.0) (0.0) (0.1) 0.0 0.0 (0.1)

-753 -791 -774 -988 -984 -888 -1,135 -1,483

17.2% 17.6% 17.4% 17.6% 18.5% 17.1% 18.9% 18.9%

3,613 3,696 3,670 4,611 4,329 4,308 4,864 6,385

+29% +37% +29% +27% +20% +17% +33% +38%
23% 24% 24% 30% 22% 22% 24% 32%
(0.1) 0.1 0.1 (0.0) 0.0 (0.0) (0.0) (0.1)

-2,570 -2,588 -2,581 -3,314 -3,118 -3,216 -3,439 -4,560

+30% +39% +31% +29% +21% +24% +33% +38%

1,043.4 1,108.0 1,089.9 1,296.2 1,211.4 1,092.2 1,424.9 1,825.4

28.9% 30.0% 29.7% 28.1% 28.0% 29.3% 30.6% 28.6%
-78bp -95bp -121bp -104bp -89bp -68bp +91bp +48bp
(0.0) 0.1 0.0 (0.0) 0.0 (0.0) 0.0 (0.0)

-642 -661 -669 -775 -693 -726 -890 -1,135

17.8% 17.9% 18.2% 16.8% 16.0% 16.9% 18.3% 17.8%
-35bp -23bp +5bp +16bp -176bp -104bp +6bp +97bp

-133 -138 -144 -181 -136 -155 -207 -203

3.7% 3.7% 3.9% 3.9% 3.1% 3.6% 4.3% 3.2%
-60bp -95bp -70bp -41bp -53bp -13bp +33bp -75bp

-775 -799 -813 -956 -829 -881 -1,097 -1,338

+23% +30% +25% +26% +7% +10% +35% +40%
21.4% 21.6% 22.2% 20.7% 19.2% 20.5% 22.6% 21.0%
-95bp -118bp -65bp -25bp -229bp -116bp +39bp +22bp

-37 -39 -46 -41 -104 -97 -164 -122

-812 -838 -860 -997 -933 -978 -1,261 -1,461

22.5% 22.7% 23.4% 21.6% 21.6% 22.7% 25.9% 22.9%
-115bp -142bp -67bp -38bp -92bp +2bp +250bp +124bp

-12 -15 -15 -17 -12 -13 -20 -30

+123% +49% +34% +14% -1% -13% +31% +81%
0.3% 0.4% 0.4% 0.4% 0.3% 0.3% 0.4% 0.5%
+15bp +3bp +2bp -4bp -6bp -10bp -1bp +11bp

23 10 10 15 0 -3 11 18
-0% -45% -51% -40% -100% -126% +5% +26%
0.6% 0.3% 0.3% 0.3% 0.0% -0.1% 0.2% 0.3%
-19bp -38bp -45bp -36bp -64bp -32bp -6bp -3bp

21 9 8 16 26 184 183 24

263 273 233 312 291 283 337 377

301 312 279 353 395 380 501 499

8.3% 8.5% 7.6% 7.7% 9.1% 8.8% 10.3% 7.8%

301 312 279 353 386 381 398 496

8.3% 8.5% 7.6% 7.7% 8.9% 8.8% 8.2% 7.8%
+6bp -28bp -117bp -97bp +59bp +38bp +57bp +10bp

279 304 271 338 370 196 318 475

7.7% 8.2% 7.4% 7.3% 8.5% 4.5% 6.5% 7.4%
-16bp -19bp -103bp -111bp +81bp -368bp -84bp +12bp

256 294 261 323 370 198 308 457

7.1% 8.0% 7.1% 7.0% 8.5% 4.6% 6.3% 7.2%
+3bp +20bp -58bp -75bp +145bp -336bp -79bp +15bp

-84 -112 -107 -126 -142 -229 -147 -211

2.3% 3.0% 2.9% 2.7% 3.3% 5.3% 3.0% 3.3%
-317bp -204bp -113bp -43bp +96bp +229bp +13bp +56bp

24 40 35 36 43 485 108 23
0.7% 1.1% 1.0% 0.8% 1.0% 11.3% 2.2% 0.4%
-18bp +5bp +16bp -23bp +33bp +1020bp +127bp -42bp

-60 -73 -72 -91 -99 256 -39 -188

1.7% 2.0% 2.0% 2.0% 2.3% -5.9% 0.8% 2.9%
-299bp -208bp -129bp -20bp +63bp -791bp -114bp +98bp
19.9% 23.2% 25.7% 25.7% 25.0% -67.4% 7.9% 37.7%

0 0 0 0 0 0 0 0
203 201 161 222 192 539 298 189
5.6% 5.4% 4.4% 4.8% 4.4% 12.5% 6.1% 3.0%
+324bp +204bp +14bp -63bp -119bp +708bp +174bp -185bp

-56 -60 -41 -32 -60 -152 -63 -21

31.1% 31.4% 27.4% 15.5% 31.4% 28.1% 21.8% 12.2%

0 0 0 0 0 0 0 0
 147 141 120 190 132 387 235 168
+152% +95% +29% +15% -10% +175% +97% -11%
4.1% 3.8% 3.3% 4.1% 3.1% 9.0% 4.8% 2.6%
+200bp +113bp +2bp -46bp -103bp +517bp +158bp -148bp

147 141 120 190 126 85 127 166

4.1% 3.8% 3.3% 4.1% 2.9% 2.0% 2.6% 2.6%

0.02 0.02 0.02 0.03 0.02 0.06 0.04 0.03

+127% +75% +23% +15% -10% +174% +95% -15%
6,052.38 6,047.92 6,048.46 6,048.65 6,047.71 6,070.82 6,089.74 6,284.41

0.02 0.02 0.02 0.03 0.02 0.06 0.04 0.03

+127% +75% +29% +15% -10% +173% +95% -17%
6,049.36 6,046.47 6,050.45 6,046.85 6,048.57 6,093.07 6,086.41 6,482.41

0 -114 0 0 0 -182 0 0
0.0% 20.9% 0.0% 0.0% 0.0% 22.0% 0.0% 0.0%

Figures below exclude IFRS-16 adjustments

+21.4% +34.1% +24.0% +24.2% +16.0% +8.7% +19.0% +26.1%

+15.9% +27.1% +16.3% +16.1% +8.1% +0.3% +9.4% +12.6%
+63.3% +64.5% +52.6% +54.8% +48.5% +53.9% +93.4% +90.7%
+30.3% +39.5% +29.6% +29.5% +21.7% +15.8% +35.0% +40.5%
+28.7% +36.9% +28.5% +27.3% +19.8% +16.6% +32.5% +38.5%

857 884 912 953 958 986 1,038 1,107

0 27 28 41 5 28 52 69
526.1 538.8 551.4 572.4 574.8 585.3 612.4 648.2
+4.4% +5.7% +6.7% +8.8% +9.3% +8.6% +11.0% +13.2%
613.8 609.4 604.6 600.6 600.0 593.7 589.9 585.6

857 884 912 953 958 986 1,038 1,107

0 27 28 41 5 28 52 69

526.1 538.8 551.4 572.4 574.8 585.3 612.4 648.2

+4% +6% +7% +9% +9% +9% +11% +13%

4.2 4.2 4.0 4.8 4.5 4.4 4.7 5.8

+21% +26% +17% +14% +7% +4% +16% +19%

+15.9% +27.1% +16.3% +16.1% +8.1% +0.3% +9.4% +12.6%

+13.7% +20.6% +15.6% +15.5% +11.9% +12.9% +12.8% +14.3%
+16.3% +27.0% +16.2% +14.1% +6.2% +0.1% +7.2% +11.4%
1.0X 1.0X 1.0X 1.1X 1.3X 3.2X 1.3X 1.1X

4,350 4,472 4,429 5,580 5,289 5,167 5,966 7,851

+30% +40% +30% +30% +22% +16% +35% +41%
 4,177 4,275 4,225 5,340 5,060 4,907 5,685 7,489
+31% +40% +30% +30% +21% +15% +35% +40%
2,889 3,092 2,959 3,702 3,350 3,363 3,522 4,670
+21% +34% +24% +24% +16% +9% +19% +26%
1,452 1,376 1,468 1,874 1,935 1,801 2,357 3,044
+54% +55% +44% +44% +33% +31% +61% +62%
-163 -194 -203 -237 -226 -257 -193 -225
173 197 205 240 229 260 281 363
+25% +38% +29% +20% +32% +32% +37% +51%

2,714 2,743 2,729 3,422 3,146 -885 -1,130 -1,478

62% 61% 62% 61% 59% -17% -19% -19%
-732 -766 -748 -959 -957 -857 -1,102 -1,439
-18% -18% -18% -18% -19% -17% -19% -19%
-20 -24 -25 -27 -25 -28 -29 -38
-12% -12% -12% -11% -11% -11% -10% -11%

3,599 3,683 3,657 4,593 4,307 4,282 4,836 6,374

+29% +37% +29% +27% +20% +16% +32% +39%
3,446 3,509 3,477 4,381 4,103 4,050 4,584 6,050
+29% +37% +29% +28% +19% +15% +32% +38%
153 174 180 213 204 232 252 324
+25% +39% +29% +19% +34% +34% +40% +53%

1,033 1,099 1,082 1,286 1,203 1,081 1,416 1,839

28.7% 29.8% 29.6% 28.0% 27.9% 25.2% 29.3% 28.9%
880 926 902 1,074 999 849 1,164 1,515
25.5% 26.4% 25.9% 24.5% 24.3% 25.2% 26.8% 25.0%
153 174 180 213 204 232 252 324
100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%

857 884 912 953 958 986 1,038 1,107

0 27 28 41 5 28 52 69
526.1 538.8 551.4 572.4 574.8 585.3 612.4 648.2
+4% +6% +7% +9% +9% +9% +11% +13%
+0% +2% +2% +4% +0% +2% +5% +6%

503.9 509.9 516.6 526.0 526.1 538.8 551.4 572.4

22.1 28.8 34.8 46.4 48.7 46.6 60.9 75.8

716 736 760 791 795 810 855 912

716 716 736 760 791 795 810 855
3.0 20.0 24.0 31.0 4.0 15.0 45.0 57.0
-3.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
716 736 760 791 795 810 855 912
503.5 515.6 527.4 547.3 548.8 558.2 583.6 618.0
703.2 700.6 694.0 691.9 690.3 689.2 682.6 677.6

141 148 152 162 163 176 183 195

141 141 148 152 162 163 176 183
0.0 7.0 5.0 10.0 1.0 13.0 7.0 12.0
0.0 0.0 -1.0 0.0 0.0 0.0 0.0 0.0
 141 148 152 162 163 176 183 195
22.6 23.1 24.0 25.1 26.0 27.1 28.7 30.2
160.0 160.0 160.0 160.0 160.0 160.0 160.0 160.0

1 1 1 1 1 1 1 6

858 885 913 954 959 987 1,039 1,113

2,889 3,092 2,959 3,702 3,350 3,363 3,522 4,670

66% 69% 67% 66% 63% 65% 59% 59%
+21% +34% +24% +24% +16% +9% +19% +26%

2,688 2,876 2,744 3,425 3,108 3,106 3,252 4,320

93% 93% 93% 93% 93% 92% 92% 93%
5.3 5.7 5.3 6.4 5.7 5.6 5.7 7.2
+16% +28% +17% +15% +6% -1% +8% +13%
13.2X 23.7X 15.5X 9.4X 10.6X -0.6X 6.9X 7.7X

201 216 215 277 242 257 270 350

7% 7% 7% 7% 7% 8% 8% 7%
8.9 9.3 9.0 11.0 9.3 9.5 9.4 11.6
+12% +16% +11% +12% +5% +1% +5% +5%
9.6X 13.2X 10.3X 7.4X 7.8X 1.2X 4.1X 2.9X
72% 56% 66% 79% 73% -197% 60% 38%

16,977 17,231 18,501 22,656 20,032 20,454 22,833 29,189

na na na na +18% +19% +23% +29%
9.2% 8.8% 9.0% 9.7% 11.6% 11.4% 14.1% 14.4%

1,565 1,511 1,660 2,203 2,324 2,326 3,210 4,203

+63% +64% +53% +55% +49% +54% +93% +91%
+143% +153% +195% +195%
35.1% 32.8% 35.9% 37.3% 41.0% 40.9% 47.7% 47.4%

1,578 1,526 1,681 2,240 2,368 2,384 3,296 4,318

+67% +72% +65% +72% +50% +56% +96% +93%
+151% +168% +223% +231%

1,439 1,361 1,447 1,837 1,892 1,743 2,357 3,044

+52% +53% +42% +41% +31% +28% +63% +66%
1,452 1,376 1,468 1,874 1,935 1,801 2,442 3,160
+54% +55% +44% +44% +33% +31% +66% +69%
+138% +138% +119% +107% +100% +96% +131% +134%
+60% +75% +65% +64% +58% +60% +73% +80%

126 150 213 366 432 583 854 1,158

+812% +409% +220% +205% +244% +289% +300% +216%
126 150 213 366 432 583 854 1,158
na na na na +244% +289% +300% +216%
13.5X 15.4X 12.8X 7.5X
+3035% +1877% +1180% +865%

8% 10% 13% 17% 19% 25% 27% 28%

 -40bp +188bp +293bp +376bp +199bp +645bp +153bp +96bp
+660bp +671bp +671bp +817bp +1056bp +1514bp +1374bp +1095bp

1,464 1,391 1,489 1,911 1,978 1,860 2,442 3,160

+19% +12% +12% +12% +11% +16% +22% +18%
34% 31% 34% 34% 37% 36% 41% 40%

1,452 1,376 1,468 1,874 1,935 1,801 2,357 3,044

+54% +55% +44% +44% +33% +31% +61% +62%
99% 99% 99% 98% 98% 97% 97% 96%

13 15 21 37 43 58 85 116
+812% +409% +220% +205% +244% +289% +300% +216%
1% 1% 1% 2% 2% 3% 3% 4%
10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00%

6 6 12 14 19

173 197 205 240 229 260 281 363

+25% +38% +29% +20% +32% +32% +37% +51%
13 15 21 37 43 58 85 116
160 182 183 203 186 202 195 247
6% 6% 7% 6% 6% 6% 6% 6%

19 18 19 23 30 35 43 52
+18.6% +7.1% +6.6% +21.2% +57.1% +90.1% +120.1% +121.4%
0.4% 0.4% 0.4% 0.4% 0.6% 0.7% 0.7% 0.7%
-2 -2 -2 -2 -3 -3 -5 -6
-7.9% -8.2% -8.2% -6.4% -8.7% -9.2% -11.2% -11.2%
18 17 18 22 27 31 38 46
11 9 9 11 10 13 15 17
60.2% 53.9% 50.6% 50.2% 37.2% 42.7% 38.3% 37.4%

-2.7 -3.2 -4.0 -4.5 -5.6 -5.3 -9.4 -34.7

-0.3 -0.8 -0.9 -2.0 -1.7 -5.5 -31.1

-642 -661 -669 -775 -693 -726 -890 -1,135

+26% +35% +29% +29% +8% +10% +33% +46%
17.8% 17.9% 18.2% 16.8% 16.0% 16.9% 18.3% 17.8%
-35bp -23bp +5bp +16bp -176bp -104bp +6bp +97bp
 -133 -138 -144 -181 -136 -155 -207 -203
+11% +9% +9% +15% +3% +13% +44% +12%
4.0X 2.7X 2.0X 3.7X 0.5X 3.7X 15.0X 2.8X
3.7% 3.7% 3.9% 3.9% 3.1% 3.6% 4.3% 3.2%
-60bp -95bp -70bp -41bp -53bp -13bp +33bp -75bp

-12 -15 -15 -17 -12 -13 -20 -30

0.3457% 0.4% 0.4% 0.4% 0.3% 0.3% 0.4% 0.5%
+15bp +3bp +2bp -4bp -6bp -10bp -1bp +11bp

21 9 8 16 26 184 183 24
+105% -3% -28% +118% +21% +2020% +2245% +52%
0 0 0 0 3 0 2 3
11 11 10 46 13 13 14 14
12 1 1 -24 16 238 224 6
-1 -3 -3 -6 -6 -67 -12 -3
0 0 0 0 0 0 -44 5
0.0 -0.1 0.0 0.0 0.0 0.0 -0.1 0.1

3,495 3,735 3,971 4,253 4,413 4,638 4,889 5,220

+7% +15% +22% +26% +26% +24% +23% +23%

25% 28% 29% 28% 26% 28% 26% 24%

5% 6% 7% 6% 5% 5% 5% 4%
46% 45% 43% 45% 47% 47% 50% 52%
24% 21% 21% 21% 22% 20% 19% 20%

4,350 4,472 4,429 5,580 5,289 5,167 5,966 7,851

23.6% 28.4% 29.2% 28.8% 27.1% 30.2% 27.4% 26.5%

4,218 4,872 5,239 6,236 5,749 6,389 6,989 8,123

+32% +37% +38% +38% +36% +31% +33% +30%
1,025 1,268 1,292 1,609 1,431 1,562 1,633 2,082
3,137 3,512 3,852 4,558 4,260 4,784 5,317 6,028
+29% +29% +33% +37% +36% +36% +38% +32%
56 92 95 69 58 42 39 14
-45% +19% +44% +1% +3% -54% -59% -80%

5,729 5,949 6,624 7,265 8,407 8,820 9,542 10,335

4,218 4,872 5,239 6,236 5,749 6,389 6,989 8,123
 -4,196 -4,079 -4,492 -4,979 -5,138 -5,491 -6,089 -6,713
26.1% 23.4% 23.8% 24.2% 23.3% 23.3% 24.0% 24.6%
198 -118 -106 -115 -198 -177 -107 -197
5,949 6,624 7,265 8,407 8,820 9,542 10,335 11,549
+31% +38% +44% +47% +48% +44% +42% +37%
5,743 6,397 7,013 8,149 8,573 9,321 10,147 11,414
206 227 252 258 247 221 189 135

55 69 92 96 95 124 133 123

57 74 74 82 96 140 118 116
54 64 68 74 88 107 122 110
258 261 303 356 399 440 536 602
424 468 537 608 678 811 909 951
7.4% 7.9% 8.1% 8.4% 8.1% 9.2% 9.5% 9.2%

-198 162 175 186 268 310 205 239

-191.0% -59.3% 65.6% 65.6% 106.5% 66.0% 34.5% 96.2%

552 872 935 1,016 1,135 1,210 1,363 1,539

122 181 187 234 273 330 283 272
2.9% 3.7% 3.6% 3.7% 4.7% 5.2% 4.0% 3.3%
198 -118 -106 -115 -198 -177 -107 -197
872 935 1,016 1,135 1,210 1,363 1,539 1,614
206% 200% 189% 187% 178% 168% 169% 170%

31 28 27 28 27 28 28 33
0.5% 0.4% 0.4% 0.4% 0.3% 0.3% 0.3% 0.3%

303 331 347 377 393 436 438 449

-3% +8% +18% +29% +30% +32% +26% +19%
1.7% 1.7% 1.6% 1.6% 1.5% 1.6% 1.4% 1.3%

272 303 319 348 366 409 410 416

-4% +10% +21% +33% +35% +35% +28% +20%

-39 -43 -49 -52 -60 -64 -71 -59

0.2% 0.2% 0.2% 0.2% 0.2% 0.2% 0.2% 0.2%

232 261 270 296 306 345 339 357

+1% +14% +23% +32% +32% +32% +26% +20%
4.0% 4.1% 3.9% 3.8% 3.6% 3.8% 3.4% 3.3%

139 151 164 190 191 207 215 240

+27% +32% +34% +40% +37% +37% +31% +26%
60.0% 58.0% 60.8% 64.3% 62.4% 60.0% 63.3% 67.1%
3.3% 3.1% 3.1% 3.1% 3.3% 3.2% 3.1% 2.9%

-122 -181 -187 -234 -273 -330 -283 -272

+17% +59% +81% +121% +124% +83% +51% +16%
 250 232 247 253 224 221 271 325
+5% +1% +4% -1% -10% -4% +10% +28%

-179 -201 -204 -221 -225 -234 -247 -265

+8% +12% +16% -0% +26% +17% +21% +20%
40.4% 41.6% 39.9% 38.9% 38.5% 36.4% 37.8% 38.5%

71 31 44 32 -1 -13 24 59
-0% -38% -30% -3% -102% -142% -44% +83%

-34 -14 -26 -17 0 5 -10 -24

-47.1% -45.4% -59.1% -51.5% -24.4% -38.4% -40.7% -41.3%

38 17 18 16 -1 -8 14 35
-4% -38% -46% -59% -102% -148% -19% +122%

23 10 10 15 0 -3 11 18
0.5% 0.2% 0.2% 0.3% 0.0% 0.0% 0.2% 0.2%
19 8 9 8 0 -4 7 17
4 1 1 7 1 1 3 1

+1.2% +1.2% +1.1% +1.6% +0.6% +1.1% +1.2% +1.7%

2.7% 3.3% 4.4% 4.1% 4.6% 3.4% 2.9% 4.3%
3.31 3.86 3.71 3.88 3.90 3.83 4.16 4.03
6.50% 6.50% 6.50% 6.50% 6.50% 6.50% 5.50% 4.50%

1,075 863 673 1,008 511 1,067 461 4,754

775 681 419 599 293 626 222 306
299 183 254 409 217 441 239 4,448
288 171 242 397 205 205 205 205
11 11 11 12 12 12 12 12
1,411 1,507 1,657 2,052 1,761 1,461 1,875 2,915
1,937 2,110 2,106 2,810 2,485 2,556 2,886 3,802
86 101 158 190 260 126 239 370
192 190 227 304 222 713 746 864
72 70 72 49 95 113 145 136
4,772 4,842 4,892 6,412 5,333 6,036 6,351 12,841

751 759 728 723 837 1,498 1,856 1,749

0 0 0 0 1,882 1,805 2,168 2,274
277 285 294 309 295 294 305 305
566 608 663 754 789 941 1,016 1,077
535 546 556 599 605 1,510 1,556 1,546
2,129 2,197 2,242 2,384 4,408 6,047 6,902 6,950
6,901 7,039 7,135 8,797 9,741 12,083 13,253 19,791

2,457 2,750 2,653 4,105 2,974 3,396 3,803 5,935

381 255 252 131 129 43 313 10
189 209 269 259 270 302 350 355
92 110 85 141 203 174 209 352
83 95 90 125 106 113 126 152
0 0 0 0 0 0 0 0
41 40 39 39 39 43 43 43
114 0 0 182 166 0 112 124
0 0 0 0 0 0 0 0
0 0 0 0 225 213 213 331
255 267 315 406 447 688 688 702
3,612 3,724 3,704 5,389 4,559 4,973 5,857 8,003

437 327 325 325 322 1,120 833 839

343 347 352 387 381 58 65 39
0 0 0 0 0 0 0 0
459 449 440 391 378 813 941 1,037
0 0 0 0 0 384 371 357
0 0 0 0 1,667 1,621 1,991 1,950
2 2 2 2 2 2 2 2
1,242 1,126 1,118 1,105 2,750 3,999 4,203 4,224

4,854 4,850 4,822 6,494 7,308 8,972 10,059 12,226

0 0 0 0 0 0 0 0
2,048 2,188 2,312 2,303 2,433 3,111 3,194 7,565

6,901 7,039 7,135 8,797 9,741 12,083 13,253 19,791

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

1,882 1,882 1,805 2,168 2,274

225 213 213 331
1,667 1,621 1,991 1,950
1,892 1,892 1,834 2,204 2,280

819 582 578 456 2,342 2,998 3,350 3,129

1,075 863 673 1,008 511 1,067 461 4,754

-256 -281 -95 -552 1,832 1,931 2,890 -1,625

-0.2X -0.2X -0.1X -0.5X 1.4X 1.6X 2.4X -1.2X

1,309 1,367 1,444 834 3,610 4,254 4,883 55

1.2X 1.2X 1.2X 0.7X 2.8X 3.6X 4.0X 0.0X
 819 582 578 456 451 1,164 1,146 849
1,075 863 673 1,008 511 1,067 461 4,754
-256 -281 -95 -552 -60 97 686 -3,905
-0.2X -0.2X -0.1X -0.5X 0.0X 0.1X 0.6X -2.9X
1,309 1,367 1,444 834 1,718 2,420 2,679 -2,225
1.2X 1.2X 1.2X 0.7X 2.8X 3.6X 4.0X 0.0X

819 582 578 456 451 1,164 1,146 849

2,485 2,370 2,330 3,060 2,272 2,528 2,336 7,669
-1,666 -1,788 -1,752 -2,604 -1,821 -1,364 -1,189 -6,820
301 312 279 353 386 381 398 496
-1.4X -1.0X -0.8X -4.1X

2.1X 2.2X 2.2X 1.9X 2.0X 1.8X 1.8X 1.4X

5.3X 5.5X 5.6X 4.6X 5.2X 5.2X 5.2X 4.3X
1.02X 1.06X 1.05X 1.10X 1.05X 1.05X 1.01X 0.96X

84 82 79 79 78 81 77 83
40 39 41 47 39 31 37 53
78 78 74 92 77 75 79 95
10 9 11 13 13 20 22 25

99 102 93 134 92 100 105 149

10 10 11 13 14 20 19 18
11 12 12 13 14 13 14 16

+5 +7 +4 -4 -6 -2 -2 +4
+3 +9 +2 +7 -1 -3 +6 +4
+8 +11 -5 +8 -6 -2 +12 +15

63 59 60 37 63 56 52 30
+0d +4d +11d -5d +0d -3d -8d -8d

622 548 807 367 598 82 502 261

4.1% 3.3% 4.6% 1.9% 3.0% 0.4% 2.3% 1.1%
+257bp +384bp +532bp +202bp -104bp -290bp -231bp -87bp

-633 74 -259 440 -231 516 -420 241

-633 74 -259 440 -231 516 -420 241

891 868 1,111 757 1,272 621 958 782

5.8% 5.2% 6.3% 4.0% 6.4% 3.0% 4.3% 3.2%

2,557 2,668 2,659 2,878 2,924 3,140 3,135 3,801

72 70 66 66 65 67 62 69
-1,564 -1,649 -1,539 -1,386 -1,778 -2,323 -1,993 -1,680
61% 62% 58% 48% 61% 74% 64% 44%

1,411 1,507 1,657 2,052 1,761 1,461 1,875 2,915

993 1,019 1,120 1,492 1,147 817 1,142 2,121
418 488 537 559 615 644 733 794
12 13 13 13 14 14 15 14

-84 -112 -107 -126 -142 -229 -147 -211

-17 -15 -10 -8 -7 -15 -19 -16
-59 -80 -75 -92 -94 -122 -94 -93
-8 -17 -22 -26 -20 -46 -29 -23
0 0 0 0 -21 -46 -5 -79
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

-17 -15 -10 -8 -7 -15 -19 -16

7.5% 7.2% 6.5% 5.7% 6.0% 12.5% 6.4% 5.3%
116% 111% 100% 88% 92% 192% 117% 118%

-59 -80 -75 -92 -94 -122 -94 -93

-15 -23 -18 -17 -37 -47 -29 -26
-44 -57 -58 -75 -56 -75 -64 -67
16.4% 22.0% 19.5% 26.0% 29.9% 30.4% 17.1% 20.0%
252% 338% 300% 400% 460% 468% 311% 445%

-21 -46 -5 -79

4.4% 9.5% 1.2% 13.6%
96% 278% 40% 317%

-8 -17 -22 -26 -20 -46 -29 -23

24 40 35 36 43 485 108 23
1 2 3 2 1 2 1 4
22 37 31 34 41 483 107 19
5.8% 15.5% 17.2% 23.0% 18.0% 1348.0% 47.0% 21.4%
89% 239% 264% 354% 278% 20738% 855% 476%
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

-60 -73 -72 -91 -99 256 -39 -188

180 191 151 207 192 542 287 170

34.0% 34.0% 34.0% 34.0% 34.0% 34.0% 34.0% 34.0%
61 65 51 70 65 184 98 58

0 0 0 -38.1 0 0 -38.1 -19.7

0 0 0 0 0 0 0 0
-5 -5 -10 0 -5 -32 3 -17

56 60 41 32 60 152 63 21
31.1% 31.4% 27.4% 15.5% 31.4% 28.1% 21.8% 12.2%

-182 -112 -58

6.75% 6.60% 6.56% 6.98% 7.03% 6.26% 5.95% 5.57%

-20
34.0%

0 -114 0 0 0 -182 0 0
0% 81% 0% 0% 0% 47% 0% 0%

-53 -127 -2 -122 -2 -86 270 -303

0 -110 -2 0 -4 799 -288 6

37 39 46 41 104 97 164 122

6.5% 6.9% 7.6% 6.2% 3.9% 3.6% 6.0% 3.8%

6 25 24 32 9 18 95 57
83,428 1,984 1,885 1,507 3,788 1,725 3,502 1,594
- - - - - - - -
- - - - - - - -
- - - - - - - 0
- - - - - - - -
- - - - - - - -
- - - - - - - 0
4 5 16 30 8 22 8 9
17 18 29 20 21 31 33 34
10 36 44 49 42 54 51 30
36 85 113 130 80 124 186 131

0.2% 0.7% 0.7% 0.7% 0.2% 0.4% 1.9% 0.9%

0.1% 0.1% 0.4% 0.6% 0.2% 0.5% 0.2% 0.1%
0.5% 0.5% 0.8% 0.4% 0.5% 0.7% 0.7% 0.5%
0.3% 1.0% 1.2% 1.1% 1.0% 1.2% 1.0% 0.5%
1.0% 2.3% 3.1% 2.8% 1.9% 2.9% 3.8% 2.0%

147 141 120 190 132 387 235 168

0 0 0 0 0 0 0 0
37 39 46 41 39 43 59 71
-633 74 -259 440 -231 516 -420 241
-29 14 -24 7 133 161 237 -164
-477 268 -117 678 73 1,106 111 316
 34 -7 -10 -14 14 1 -11 0
-36 -85 -113 -130 -80 -124 -186 -131
0 0 0 0 0 -386 0 -6
0 0 0 0 0 0 0 0
-2 -92 -123 -144 -67 -509 -198 -137

0 -114 0 0 0 -182 0 0
-52 -4 0 -20 1 0 0 4,300
-53 -237 -4 -122 -5 713 -18 -297
-14 -32 54 -56 -500 -572 -502 111
-118 -387 50 -198 -504 -41 -520 4,114

-598 -211 -191 335 -498 556 -606 4,293

1,672 1,075 863 673 1,008 511 1,067 461
1,075 863 673 1,008 511 1,067 461 4,754
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

240 264 222 298 270 239 321 279

31% 31% 27% 16% 31% 28% 22% 12%
-75 -83 -61 -46 -85 -67 -70 -34
165 181 161 252 185 172 251 245
37 39 46 41 39 43 59 71
23 10 10 15 0 -3 11 18
226 230 218 307 224 212 320 334
-633 74 -259 440 -231 516 -420 241
-36 -85 -113 -130 -80 -124 -186 -131
-669 -11 -372 310 -311 392 -606 110
-443 219 -154 617 -88 604 -285 445
-53 -237 -4 -122 -5 713 -18 -297
-60 -73 -72 -91 -78 302 -34 -109
-556 -91 -230 404 -171 1,619 -337 39
 71 72 73 74 75 76 77 78 79

1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22

bs bt bu bv bw bx by bz ca

6,486 6,817 10,349 12,464 10,118 10,913 10,475 11,477 10,577

+22% +31% +73% +58% +56% +60% +1% -8% +5%
(0.0) (0.0) (0.0) 0.1 (0.0) - - - -

-1,252 -1,248 -2,041 -2,398 -1,866 -1,900 -1,863 -2,077 -1,815

19.3% 18.3% 19.7% 19.2% 18.4% 17.4% 17.8% 18.1% 17.2%

5,235 5,568 8,308 10,066 8,253 9,013 8,612 9,400 8,762

+21% +29% +71% +58% +58% +62% +4% -7% +6%
18% 19% 28% 34% 23% 26% 24% 27% 23%
(0.1) (0.1) (0.1) (0.0) 0.0 - - - (0.1)

-3,814 -4,133 -6,130 -7,580 -6,183 -6,705 -6,878 -7,026 -6,330

+22% +29% +78% +66% +62% +62% +12% -7% +2%

1,420.5 1,435.2 2,178.7 2,485.6 2,070.1 2,308.3 1,734.1 2,374.3 2,431.7

27.1% 25.8% 26.2% 24.7% 25.1% 25.6% 20.1% 25.3% 27.8%
-85bp -353bp -438bp -390bp -205bp -16bp -609bp +57bp +267bp
(0.0) (0.1) 0.0 0.1 0.0 (0.1) (395.0) - (0.1)

-938 -1,116 -1,433 -1,675 -1,420 -1,611 -1,583 -1,760 -1,589

17.9% 20.0% 17.2% 16.6% 17.2% 17.9% 18.4% 18.7% 18.1%
+192bp +319bp -105bp -113bp -71bp -217bp +114bp +208bp +93bp

-195 -182 -241 -289 -226 -256 -222 -328 -352

3.7% 3.3% 2.9% 2.9% 2.7% 2.8% 2.6% 3.5% 4.0%
+57bp -33bp -136bp -31bp -98bp -43bp -32bp +62bp +129bp

-1,133 -1,298 -1,673 -1,965 -1,646 -1,867 -1,805 -2,088 -1,942

+37% +47% +53% +47% +45% +44% +8% +6% +18%
21.6% 23.3% 20.1% 19.5% 19.9% 20.7% 21.0% 22.2% 22.2%
+249bp +287bp -241bp -144bp -170bp -260bp +82bp +269bp +222bp

-175 -172 -169 -186 -178 -205 -208 -226 -265

-1,308 -1,471 -1,842 -2,151 -1,824 -2,072 -2,013 -2,314 -2,207

25.0% 26.4% 22.2% 21.4% 22.1% 23.0% 23.4% 24.6% 25.2%
+342bp +371bp -375bp -151bp -288bp -343bp +120bp +325bp +308bp

-30 -29 -25 -34 -34 -33 -32 -56 -61

 +142% +121% +25% +12% +13% +13% +25% +66% +81%
0.6% 0.5% 0.3% 0.3% 0.4% 0.4% 0.4% 0.6% 0.7%
+29bp +22bp -11bp -14bp -16bp -16bp +6bp +26bp +29bp

2 27 66 24 23 31 46 -1 -8
+2617% -1198% +521% +31% +839% +12% -30% -102% -135%
0.0% 0.5% 0.8% 0.2% 0.3% 0.3% 0.5% 0.0% -0.1%
+4bp +55bp +58bp -5bp +23bp -15bp -26bp -25bp -37bp

73 8 0 -6 282 16 192 -238 -82

158 -29 377 318 517 251 -73 -234 74

333 144 546 505 696 456 135 -8 340

6.4% 2.6% 6.6% 5.0% 8.4% 5.1% 1.6% -0.1% 3.9%

274 147 561 524 427 455 351 244 434

5.2% 2.6% 6.8% 5.2% 5.2% 5.1% 4.1% 2.6% 5.0%
-367bp -619bp -142bp -257bp -6bp +241bp -268bp -261bp -22bp

260 135 546 511 413 439 338 230 421

5.0% 2.4% 6.6% 5.1% 5.0% 4.9% 3.9% 2.4% 4.8%
-358bp -211bp +3bp -237bp +4bp +244bp -264bp -263bp -21bp

258 108 480 487 391 409 292 230 429

4.9% 1.9% 5.8% 4.8% 4.7% 4.5% 3.4% 2.5% 4.9%
-362bp -266bp -55bp -232bp -19bp +260bp -239bp -239bp +16bp

-137 -140 -159 -158 -204 -282 -126 -435 -627

2.6% 2.5% 1.9% 1.6% 2.5% 3.1% 1.5% 4.6% 7.2%
-65bp -281bp -112bp -174bp -15bp +61bp -45bp +306bp +468bp

43 46 56 39 34 52 85 187 205
0.8% 0.8% 0.7% 0.4% 0.4% 0.6% 1.0% 2.0% 2.3%
-17bp -1045bp -154bp +3bp -41bp -24bp +31bp +160bp +193bp

-94 -95 -103 -119 -170 -230 -41 -248 -422

1.8% 1.7% 1.2% 1.2% 2.1% 2.5% 0.5% 2.6% 4.8%
-48bp +764bp +42bp -176bp +26bp +85bp -76bp +146bp +275bp
28.4% 65.8% 18.8% 23.5% 24.5% 50.4% 30.3% -3139.2% 124.3%

0 0 0 0 0 0 0 0 0
63 -123 274 200 347 21 -114 -482 -348
1.2% -2.2% 3.3% 2.0% 4.2% 0.2% -1.3% -5.1% -4.0%
-324bp -1472bp -282bp -97bp +299bp +245bp -462bp -711bp -817bp

-33 59 -68 20 -88 65 258 575 186

53.5% 38.9% 32.9% -6.9% 27.3% 675.0% 160.8% 119.4% 54.9%

0 0 0 0 0 0 0 0 0
 31 -65 206 219 259 86 144 93 -161
-77% -117% -12% +31% +740% -233% -30% -58% -162%
0.6% -1.2% 2.5% 2.2% 3.1% 1.0% 1.7% 1.0% -1.8%
-246bp -1013bp -235bp -45bp +255bp +211bp -81bp -119bp -497bp

(8) (62) 216 232 82 89 23 (79) (99)

-0.2% -1.1% 2.6% 2.3% 1.0% 1.0% 0.3% -0.8% -1.1%

0.00 -0.01 0.03 0.03 0.04 0.01 0.02 0.01 -0.02

-78% -116% -18% +27% +743% -234% -31% -59% -160%
6,479.96 6,480.35 6,479.55 6,469.64 6,455.48 6,450.61 6,528.25 6,634.18 6,665.55

0.00 (0.01) 0.03 0.03 0.04 0.01 0.02 0.01 (0.02)

-78% -116% -18% +31% +744% -234% -32% -59% -160%
6,477.51 6,483.20 6,475.90 6,463.39 6,447.57 6,453.65 6,602.84 6,665.52 6,665.58

0 0 -299 0 0 -146 0 0 0
0.0% 0.0% 88.0% 0.0% 0.0% 19.0% 0.0% 0.0% 0.0%

+6.7% -45.1% +18.3% +15.7% +3.7% +111.6% -8.0% -18.4% +6.2%

-4.5% -50.9% +7.2% +10.9% -0.5% +102.2% -14.6% -22.8% -2.8%
+70.5% +181.1% +148.5% +120.6% +114.9% +46.0% +21.0% +15.7% +15.3%
+22.1% +31.2% +72.5% +58.4% +56.0% +60.1% +1.2% -7.9% +4.5%
+20.9% +29.3% +70.8% +57.6% +57.7% +61.9% +3.7% -6.6% +6.2%

1,105 1,105 1,121 1,147 1,156 1,168 1,229 1,287 1,283

-2 0 16 26 9 12 61 58 -4
647.2 647.2 656.2 666.1 670.2 674.8 700.3 723.1 719.1
+12.6% +10.6% +7.2% +2.8% +3.6% +4.3% +6.7% +8.6% +7.3%
585.7 585.7 585.4 580.7 579.8 577.8 569.8 561.8 560.5

1,105 1,105 1,121 1,147 1,156 1,168 1,229 1,287 1,283

-2 0 16 26 9 12 61 58 -4

647.2 647.2 656.2 666.1 670.2 674.8 700.3 723.1 719.1

+13% +11% +7% +3% +4% +4% +7% +9% +7%

4.7 5.0 7.4 8.8 7.1 7.7 7.0 7.3 6.8

+5% +15% +58% +52% +51% +53% -5% -17% -4%

-4.5% -50.9% +7.2% +10.9% -0.5% +102.2% -14.6% -22.8% -2.8%

+1.6% -29.8% +8.3% +11.7% -2.5% -0.4% -4.3% -7.5% -1.7%
-5.2% -50.4% +10.4% +12.6% +0.2% +102.9% -13.8% -24.9% -1.0%
0.9X 1.0X 0.7X 0.9X -2.7X 1.0X 1.1X 0.9X 2.8X

6,449 6,754 10,265 12,347 10,030 10,752 10,363 11,379 10,461

+22% +31% +72% +57% +56% +59% +1% -8% +4%
 6,134 6,429 9,817 11,797 9,567 10,208 9,783 10,725 9,817
+21% +31% +73% +58% +56% +59% -0% -9% +3%
3,576 1,845 4,167 5,404 3,710 3,904 3,835 4,408 3,940
+7% -45% +18% +16% +4% +112% -8% -18% +6%
2,732 4,708 5,884 6,689 6,081 6,554 6,154 6,593 6,163
+41% +161% +150% +120% +123% +39% +5% -1% +1%
-174 -123 -234 -295 -223 -250 -206 -276 -287
315 325 448 550 463 544 580 654 644
+38% +25% +60% +52% +47% +68% +29% +19% +39%

-1,244 -1,237 -2,021 -2,368 -1,815 -1,837 -1,802 -1,984 -1,721

-19% -18% -20% -19% -18% -17% -17% -17% -16%
-1,217 -1,206 -1,980 -2,320 -1,775 -1,841 -1,747 -1,925 -1,665
-19.8% -18.8% -20.2% -19.7% -18.6% -18.0% -17.9% -17.9% -17.0%
-27 -30 -41 -48 -40 4 -54 -59 -57
-9% -9% -9% -9% -9% 1% -9% -9% -9%

5,205 5,517 8,244 9,979 8,216 8,915 8,562 9,396 8,740

+21% +29% +70% +57% +58% +62% +4% -6% +6%
4,917 5,223 7,837 9,477 7,793 8,366 8,036 8,801 8,153
+20% +29% +71% +57% +58% +60% +3% -7% +5%
288 294 407 502 423 548 526 595 587
+41% +27% +62% +55% +47% +86% +29% +19% +39%

1,432 1,442 2,213 2,546 2,162 2,390 2,092 2,374 2,432

27.5% 26.1% 26.8% 25.5% 26.3% 26.8% 24.4% 25.3% 27.8%
1,144 1,148 1,806 2,044 1,739 1,842 1,575 1,796 1,842
23.3% 22.0% 23.0% 21.6% 22.3% 22.0% 19.6% 20.4% 22.6%
288 294 407 502 423 548 517 578 590
100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 98.4% 97.1% 100.0%

1,105 1,105 1,121 1,147 1,156 1,168 1,229 1,287 1,283

-2 0 16 26 9 12 61 58 -4
647.2 647.2 656.2 666.1 670.2 674.8 700.3 723.1 719.1
+13% +11% +7% +3% +4% +4% +7% +9% +7%
-0% +0% +1% +2% +1% +1% +4% +3% -1%

574.8 585.3 612.4 648.2 647.2 647.2 656.2 666.1 670.2

72.4 61.8 43.8 17.9 23.0 27.6 44.1 57.0 48.9

910 910 925 942 949 959 1,010 1,051 1,047

912 910 910 925 942 949 959 1,010 1,051
0.0 0.0 15.0 17.0 7.0 10.0 51.0 41.0 -4.0
-2.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
910 910 925 942 949 959 1,010 1,051 1,047
616.0 616.0 624.9 634.0 637.2 641.5 666.1 686.7 681.3
676.9 676.9 675.6 673.0 671.5 669.0 659.5 653.4 650.7

195 195 196 205 207 209 219 236 236

195 195 195 196 205 207 209 219 236
0.0 0.0 1.0 9.0 2.0 2.0 10.0 17.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
 195 195 196 205 207 209 219 236 236
31.2 31.2 31.3 32.1 33.0 33.3 34.2 36.4 37.8
160.0 160.0 160.0 160.0 160.0 160.0 160.0 160.0 160.0

52 52 116 154 154 171 184 194 194

1,157 1,157 1,237 1,301 1,310 1,339 1,413 1,481 1,477

3,576 1,845 4,167 5,404 3,710 3,904 3,835 4,408 3,940

55% 27% 41% 44% 37% 36% 37% 39% 38%
+7% -45% +18% +16% +4% +112% -8% -18% +6%
-5.5%
3,306 1,663 3,877 5,014 3,419 3,614 3,560 4,076 3,662
92% 90% 93% 93% 92% 93% 93% 92% 93%
5.4 2.7 6.3 8.0 5.4 5.7 5.5 6.1 5.4
-6% -52% +9% +11% +0% +110% -12% -24% -0%
44.4X 4.8X -2.5X -11.5X 0.3X 8.9X -3.1X -14.6X -0.2X

270 182 290 389 291 290 275 332 278

8% 10% 7% 7% 8% 7% 7% 8% 7%
8.7 5.8 9.3 12.1 8.8 8.7 8.0 9.1 7.4
-7% -38% -1% +5% +2% +49% -13% -25% -17%
57.1X 3.6X 0.4X -5.2X 1.7X 4.0X -3.3X -15.1X -9.9X
129% 74% -15% 45% 515% 45% 108% 103% 4510%

25,080 39,250 42,122 48,825 46,622 51,774 53,371 61,208 50,951

+25% +92% +84% +67% +86% +32% +27% +25% +9%
15.8% 16.7% 18.9% 19.0% 18.3% 18.4% 18.1% 17.5% 19.3%

3,963 6,539 7,979 9,270 8,519 9,544 9,659 10,724 9,818

+71% +181% +149% +121% +115% +46% +21% +16% +15%
+153% +333% +381% +321% +267% +310% +201% +155% +148%
52.6% 78.0% 65.7% 63.2% 69.7% 71.0% 71.6% 70.9% 71.4%

4,087 6,722 8,189 9,529 8,763 9,843 10,009 11,137 10,184

+73% +182% +148% +121% +114% +46% +22% +17% +16%
+159% +340% +387% +325% +270% +313% +204% +158% +149%
-15%
2,732 4,708 5,884 6,689 6,081 6,554 6,154 6,593 6,163
+44% +170% +150% +120% +123% +39% +5% -1% +1%
2,855 4,891 6,094 6,947 6,324 6,853 6,505 7,007 6,529
+48% +172% +150% +120% +122% +40% +6.74% +0.86% +3.23%
+90% +246% +307% +264% +221% +276% +161% +117% +126%
+46% +47% +128% +118% +87% +105% +70% +43% +60%

1,232 1,831 2,095 2,582 2,438 2,990 3,505 4,130 3,655

+185% +214% +145% +123% +98% +63% +67% +60% +50%
1,232 1,831 2,095 2,582 2,438 2,990 3,505 4,130 3,655
+185% +214% +145% +123% +98% +63% +67% +60% +50%
7.3X 2.3X 1.7X 1.8X 1.1X 2.0X 2.5X 2.4X 5.4X
+879% +1121% +882% +605% +464% +413% +310% +257% +197%

31% 28% 26% 28% 29% 31% 36% 39% 37%

 +352bp -307bp -175bp +160bp +77bp +270bp +496bp +223bp -129bp
+1247bp +295bp -34bp +29bp -245bp +332bp +1003bp +1067bp +860bp

2,855 4,891 6,094 6,947 6,324 6,853 6,505 7,007 6,529

+18% +101% +45% +40% +42% -12% +6% +9% -1%
44% 72% 59% 56% 63% 64% 63% 62% 62%

2,732 4,708 5,884 6,689 6,081 6,554 6,154 6,593 6,163

+41% +161% +150% +120% +123% +39% +5% -1% +1%
96% 96% 97% 96% 96% 96% 95% 94% 94%

123 183 209 258 244 299 350 413 365

+185% +214% +145% +123% +98% +63% +67% +60% +50%
4% 4% 3% 4% 4% 4% 5% 6% 6%
10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00%

42% 51% 57%

40% 65% 80% 80%
13% 28% 30% 31%
26 32 40 47 56 82 120 160 180
15 17 21 26 30 41 50 57 64
19 30 30 33 31 32 38 45 40

315 325 448 550 463 544 580 654 644

+38% +25% +60% +52% +47% +68% +29% +19% +39%
123 183 209 258 244 299 350 413 365
192 141 239 292 219 245 229 241 278
6% 9% 6% 5.8% 6.4% 6.8% 6.4% 5.9% 7.6%

66 81 140 231 229 383 112 97 116

+119.0% +132.9% +226.9% +345.8% +249.0% +374.8% -19.8% -57.9% -49.4%
1.0% 1.2% 1.4% 1.9% 2.3% 3.6% 1.1% 0.9% 1.1%
-7 -12 -20 -29 -51 -63 -61 -93 -94
-11.0% -14.6% -14.3% -12.7% -22.3% -16.3% -54.9% -95.7% -80.7%
59 69 120 202 178 320 51 4 22
15 9 20 50 46 136 37 0 0
24.8% 13.1% 16.6% 24.6% 25.5% 42.5% 73.5% 0.0% 0.0%

-28.7 -17.5 -55.5 -114.5 -141.2 -221.6

-25.6 -16.1 -54.0 -109.6 -137.7 -218.0

-938 -1,116 -1,433 -1,675 -1,420 -1,611 -1,583 -1,760 -1,589

+35% +54% +61% +48% +51% +44% +11% +5% +12%
17.9% 20.0% 17.2% 16.6% 17.2% 17.9% 18.4% 18.7% 18.1%
+192bp +319bp -105bp -113bp -71bp -217bp +114bp +208bp +93bp
 -195 -182 -241 -289 -226 -256 -222 -328 -352
+43% +18% +16% +42% +16% +40% -8% +13% +56%
13.0X 8.2X 5.2X 9.4X 2.6X 4.8X -0.7X 1.3X 5.0X
3.7% 3.3% 2.9% 2.9% 2.7% 2.8% 2.6% 3.5% 4.0%
+57bp -33bp -136bp -31bp -98bp -43bp -32bp +62bp +129bp

-30 -29 -25 -34 -34 -33 -32 -56 -61

0.6% 0.5% 0.3% 0.3% 0.4% 0.4% 0.4% 0.6% 0.7%
+29bp +22bp -11bp -14bp -16bp -16bp +6bp +26bp +29bp

73 9 0 -6 282 26 192 -238 -82

+185% -95% -100% -127% +289% +201% n.a. +3614% -129%
0 -2 0 -1 0 1 0 1 0
14 14 15 14 14 15 13 13 14
75 15 0 2 331 36 44 18 -10
-16 -18 -3 -21 -62 -26 -119 -362 -106
0 0 -12 0 0 0 254 93 21
0.0 0.1 -0.1 0.0 0.1 9.7 0.0 0.0 0.0

5,318 4,998 4,981 5,315 5,524 5,972 6,638 7,205 7,324

+21% +8% +2% +2% +4% +19% +33% +36% +33%

76 568 1,756 2,482 2,850 3,281 4,001 4,789 5,049

n.a. n.a. n.a. n.a. +3650% +478% +128% +93% +77%

9,316 11,627 10,996 13,184 18,496 22,343 20,776

+42% +59% +103% +58%
7,409 9,052 8,223 9,578 10,911 12,717 12,319
1,907 2,575 2,773 3,606 4,551 5,606 5,133
3,034 4,020 3,324

21% 12% 14% 17% 17% 17% 19% 20% 18%

4% 3% 4% 3% 3% 3% 3% 3% 3%
53% 62% 55% 54% 58% 56% 54% 54% 52%
22% 23% 27% 26% 22% 24% 24% 23% 27%

6,449 6,754 10,265 12,347 10,030 10,752 10,363 11,379 10,461

23.9% 13.0% 14.9% 17.9% 17.3% 18.3% 20.4% 19.8% 20.2%

7,021 5,874 7,411 9,055 8,225 9,580 10,912 12,719 12,321

+22% -8% +6% +11% +17% +63% +47% +40% +50%
1,544 880 1,532 2,208 1,739 1,965 2,113 2,256 2,118
5,469 4,994 5,877 6,844 6,484 7,613 8,798 10,461 10,202
+28% +4% +11% +14% +19% +52% +50% +53% +57%
8 1 3 2 2 2 1 1 1
-85% -97% -94% -83% -79% +52% -48% -47% -41%

11,549 11,551 10,646 10,872 12,092 12,306 13,521 15,145 17,461

7,021 5,874 7,411 9,055 8,225 9,580 10,912 12,719 12,321
-6,757 -6,511 -6,953 -7,610 -7,738 -8,147 -9,152 -10,274 -10,932
23.7% 23.2% 24.5% 25.9% 25.3% 23.8% 24.2% 24.8% 24.0%
-263 -268 -231 -225 -273 -217 -136 -129 -211
11,551 10,646 10,872 12,092 12,306 13,521 15,145 17,461 18,639
+31% +12% +5% +5% +7% +27% +39% +44% +51%
11,456 10,586 10,835 12,068 12,291 13,510 15,137 17,454 18,634
94 60 38 24 15 11 9 7 5

122 182 92 76 77 122 130 185 211

117 151 83 69 67 111 112 148 195
113 129 140 74 61 87 108 119 170
592 573 619 565 415 320 397 524 658
944 1,036 933 784 620 640 747 977 1,234
8.2% 9.0% 8.8% 7.2% 5.1% 5.2% 5.5% 6.4% 7.1%

255 359 129 76 109 238 243 359 468

109.9% 104.7% 64.4% 174.4% 360.3% 199.5% 57.2% 53.3% 58.8%

1,614 1,655 1,662 1,467 1,377 1,342 1,420 1,477 1,786

304 275 36 135 238 295 193 439 560
4.3% 4.7% 0.5% 1.5% 2.9% 3.1% 1.8% 3.4% 4.5%
-263 -268 -231 -225 -273 -217 -136 -129 -211
1,655 1,662 1,467 1,377 1,342 1,420 1,477 1,786 2,135
175% 161% 157% 176% 216% 222% 198% 183% 173%

26 28 45 46 32 34 45 38 38
0.2% 0.3% 0.4% 0.4% 0.3% 0.3% 0.3% 0.2% 0.2%

423 415 304 298 353 426 449 521 634

+8% -5% -31% -34% -17% +3% +48% +75% +80%
1.2% 1.2% 0.9% 0.9% 1.0% 1.1% 1.0% 1.1% 1.2%

398 387 259 252 321 392 404 483 596

+9% -5% -37% -39% -19% +1% +56% +91% +86%

-52 -38 -19 -17 -18 -35 -51 -74 -107

0.2% 0.1% 0.1% 0.1% 0.0% 0.1% 0.1% 0.2% 0.2%

346 349 239 235 303 357 352 409 489

+13% +1% -29% -34% -12% +2% +47% +74% +61%
3.0% 3.1% 2.2% 2.0% 2.5% 2.8% 2.5% 2.5% 2.7%

230 211 218 242 254 272 302 334 341

+21% +2% +1% +1% +10% +29% +39% +38% +34%
66.6% 60.5% 90.9% 102.7% 83.9% 76.2% 85.8% 81.6% 69.6%
3.3% 3.6% 2.9% 2.7% 3.1% 2.8% 2.8% 2.6% 2.8%

-304 -275 -36 -135 -238 -295 -193 -439 -560

+11% -17% -87% -51% -22% +7% +434% +226% +135%
 272 286 421 342 319 333 462 305 270
+22% +29% +55% +5% +17% +17% +10% -11% -15%

-255 -244 -225 -254 -259 -270 -298 -311 -314

+14% +4% -9% -4% +2% +11% +33% +22% +21%
39.1% 38.9% 43.1% 47.0% 42.7% 38.7% 39.7% 36.3% 32.2%

16 42 196 88 60 64 164 -6 -44

-1504% -424% +709% +49% +263% +52% -17% -106% -174%

-7 -17 -79 -36 -24 -16 -80 -9 18

-41.9% -40.4% -40.1% -40.4% -40.3% -24.5% -48.9% 154.3% -39.8%

10 25 118 53 36 48 84 -14 -27

-1178% -414% +718% +52% +273% +93% -29% -127% -175%

2 27 66 24 23 31 46 -1 -8
0.0% 0.4% 0.6% 0.2% 0.2% 0.3% 0.4% 0.0% -0.1%
5 12 59 26 18 24 42 -7 -13
-2 15 7 -2 5 7 4 7 5

Macro

-0.1% -10.7% -3.7% -0.9% +1.3% +12.3% +4.0% +1.6% +1.7%

3.3% 2.1% 3.1% 4.5% 6.1% 8.3% 10.2% 10.1% 11.3%
5.21 5.36 5.61 5.20 5.82 5.20 5.44 5.57 4.77
3.75% 2.25% 2.00% 2.00% 2.75% 4.25% 6.25% 9.25% 11.75%

2,620 2,982 2,916 2,903 1,385 1,757 2,105 4,123 1,992

389 1,104 1,190 1,681 640 1,288 751 2,566 1,407
2,231 1,879 1,726 1,222 745 469 1,354 1,556 584
205 205 205 205 205 205 205 205 205
12 12 12 12 12 12 12 12 12
2,147 4,386 4,034 4,762 3,714 3,779 5,428 5,651 4,801
4,075 4,198 5,006 5,927 6,808 7,497 8,126 9,112 8,077
726 863 1,380 2,330 1,634 1,747 2,825 3,707 2,887
877 749 932 716 895 976 1,148 1,514 1,567
143 100 88 161 184 237 242 403 267
10,590 13,279 14,356 16,799 14,621 15,993 19,874 24,510 19,591

1,859 1,938 1,672 1,851 1,821 2,113 2,728 3,859 4,085

2,295 2,362 2,381 2,466 2,473 2,946 3,048 3,363 3,397
288 319 383 387 382 412 455 408 378
1,103 1,100 1,153 1,258 1,308 1,461 1,747 1,939 1,983
1,575 1,562 1,870 1,887 2,006 2,142 2,698 4,307 4,327
7,120 7,280 7,459 7,848 7,990 9,073 10,676 13,875 14,170
17,710 20,559 21,815 24,647 22,611 25,066 30,550 38,385 33,761

4,133 5,334 6,104 8,501 7,071 8,242 9,178 10,099 6,249

6 1,651 1,659 1,667 847 12 12 408 494
263 329 445 360 380 372 438 370 376
177 206 300 401 211 169 144 240 199
53 103 110 130 36 63 57 125 115
0 0 0 0 0 0 0 0 0
43 43 43 43 43 43 50 50 50
124 124 0 40 40 0 0 41 41
0 0 0 0 0 0 0 0 0
331 334 348 351 354 398 412 434 440
783 1,445 1,711 1,922 1,890 2,113 3,054 3,490 2,919
5,912 9,569 10,720 13,416 10,873 11,413 13,345 15,257 10,883

847 14 17 20 822 2,320 2,340 6,385 6,417

33 26 28 25 21 16 24 114 101
0 0 0 0 0 0 0 0 0
1,066 1,112 1,274 1,380 1,131 1,148 992 1,154 1,112
343 329 315 301 287 273 259 245 231
1,981 2,064 2,082 2,175 2,192 2,625 2,713 3,021 3,069
0 0 2 5 13 6 4 947 830
4,270 3,545 3,718 3,906 4,467 6,387 6,332 11,866 11,760

10,182 13,115 14,438 17,322 15,340 17,801 19,677 27,123 22,643

0 0 0 0 0 0 0 0 0
7,528 7,444 7,377 7,325 7,271 7,266 10,873 11,261 11,118

17,710 20,559 21,815 24,647 22,611 25,066 30,550 38,385 33,761

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

2,295 2,362 2,381 2,466 2,473 2,946 3,048 3,363 3,397

331 334 348 351 354 398 412 434 440
1,981 2,064 2,082 2,175 2,192 2,625 2,713 3,021 3,069
2,312 2,398 2,430 2,526 2,546 3,024 3,125 3,455 3,509

3,166 4,062 4,106 4,213 4,215 5,356 5,477 10,248 10,421

2,620 2,982 2,916 2,903 1,385 1,757 2,105 4,123 1,992

545 1,080 1,190 1,310 2,830 3,599 3,371 6,125 8,429

0.4X 0.9X 0.8X 0.9X 1.8X 1.9X 2.0X 4.3X 5.9X

3,162 2,563 3,940 5,858 8,001 9,946 8,137 11,291 14,202

2.5X 2.2X 2.8X 4.0X 5.0X 5.2X 4.8X 7.9X 9.9X
 854 1,665 1,676 1,687 1,670 2,332 2,352 6,793 6,912
2,620 2,982 2,916 2,903 1,385 1,757 2,105 4,123 1,992
-1,766 -1,318 -1,240 -1,216 285 575 247 2,670 4,920
-1.4X -1.1X -0.9X -0.8X 0.2X 0.3X 0.1X 1.9X 3.4X
850 165 1,510 3,331 5,455 6,922 5,012 7,836 10,693
2.5X 2.2X 2.8X 4.0X 5.0X 5.2X 4.8X 7.9X 9.9X

854 1,665 1,676 1,687 1,670 2,332 2,352 6,793 6,912

4,767 7,368 6,950 7,665 5,100 5,536 7,533 9,773 6,793
-3,913 -5,704 -5,274 -5,978 -3,430 -3,204 -5,181 -2,980 119
274 147 561 524 427 455 351 244 434
-2.5X -4.3X -3.6X -4.0X -2.1X -1.6X -2.9X -2.0X 0.1X

1.5X 1.4X 1.5X 1.3X 1.6X 1.6X 1.4X 1.1X 1.3X

4.6X 4.7X 4.7X 4.5X 4.4X 4.5X 4.2X 3.6X 3.6X
1.34X 1.25X 1.01X 0.98X 1.07X 1.12X 1.60X 1.67X 1.13X

82 96 96 115 99 102 102 110 106

37 72 57 59 42 38 54 58 48
98 95 97 99 102 101 107 122 108
30 28 34 40 30 30 42 57 47

99 120 118 141 106 112 121 136 84

19 33 33 32 28 29 40 47 39
9 11 13 12 7 7 7 8 7

+4 +15 +19 +32 +17 +6 +6 -4 +7

+21 +20 +17 +3 +4 +7 +10 +24 +6
+7 +20 +13 -8 +7 -9 +3 -6 -22

81 70 75 72 95 92 88 97 131
+18d +14d +23d +42d +14d +22d +14d +25d +35d

2,231 2,544 2,422 2,230 3,294 2,879 4,487 5,630 7,303

8.7% 9.4% 7.7% 6.2% 8.3% 6.6% 10.2% 13.1% 16.8%
+571bp +896bp +541bp +510bp -44bp -280bp +252bp +692bp +853bp

-1,969 -314 122 193 -1,064 415 -1,608 -1,143 -1,674

-1,969 -314 122 193 -1,064 415 -1,608 -1,143 -1,674

2,090 3,250 2,936 2,188 3,452 3,034 4,377 4,664 6,630

8.2% 12.0% 9.3% 6.1% 8.7% 6.9% 10.0% 10.9% 15.3%

3,982 5,188 6,078 8,395 8,061 8,957 8,953 9,784 9,450

69 85 86 104 90 90 90 100 95
-2,616 -1,483 -2,750 -4,548 -5,170 -6,347 -4,765 -5,166 -5,773
66% 29% 45% 54% 64% 71% 53% 53% 61%

2,147 4,386 4,034 4,762 3,714 3,779 5,428 5,651 4,801

1,366 3,705 3,328 3,847 2,891 2,610 4,187 4,618 3,676
781 681 706 915 823 1,169 1,241 1,033 1,125
14 11 10 11 9 12 12 11 11

-137 -140 -159 -158 -204 -282 -126 -435 -627

-11 -15 -11 -10 -15 -27 -38 -93 -183
-60 -54 -47 -78 -113 -150 -102 -203 -280
-23 -28 -53 -24 -29 -46 71 -76 -96
-43 -43 -47 -46 -46 -60 -57 -62 -68
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

-11 -15 -11 -10 -15 -27 -38 -93 -183

5.0% 6.8% 2.7% 2.3% 3.6% 5.2% 6.3% 7.9% 10.2%
133% 300% 136% 114% 129% 123% 101% 85% 87%

-60 -54 -47 -78 -113 -150 -102 -203 -280

-22 -24 -28 -50 -71 -90 -58 -151
-38 -30 -19 -28 -42 -60 -44 -53
15.2% 8.5% 13.3% 11.9% 10.3% 10.8% 7.5% 17.4% 23.5%
404% 378% 666% 595% 376% 254% 120% 188% 200%

-43 -43 -47 -46 -46 -60 -57 -62 -68

7.4% 7.3% 7.7% 7.3% 7.1% 9.1% 7.3% 7.7% 7.7%
223% 342% 244% 162% 117% 109% 71% 77% 68%

-23 -28 -53 -24 -29 -46 71 -76 -96

43 46 56 39 34 52 85 187 205
2 6 5 6 3 3 12 25 35
41 39 51 33 31 49 72 162 170
3.7% 7.1% 7.7% 5.4% 4.7% 15.9% 20.7% 40.4% 21.4%
98% 318% 387% 271% 171% 374% 331% 437% 182%
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

-94 -95 -103 -119 -170 -230 -41 -248 -422

61 -151 208 175 324 -10 -160 -481 -340

34.0% 34.0% 34.0% 34.0% 34.0% 34.0% 34.0% 34.0% 34.0%
21 -51 71 60 110 -3 -54 -164 -115

0 0 0 -57.8 0 0 0 0 0
0 0 0 0 0 0 0 0 0
12 -7 -3 -22 -22 -62 -1 -411 -71

33 -59 68 -20 88 -65 -55 -575 -186

53.5% 38.9% 32.8% -11.3% 27.3% 675.0% 34.4% 119.4% 54.9%

0 0 0 -170 0 0 -100 0 0
 5.09% 4.94% 4.91% 4.55% 4.39% 4.61% 4.88% 5.32% 6.82%

0 0 0 -58 0 0 -34 0 0
34.0% 34.0% 34.0% 34.0% 34.0% 34.0% 34.0% 34.0% 34.0%

0 0 -299 0 0 -146 0 0 0
0% 0% 145% 0% 0% 170% 0% 0% 0%

-3 1,644 8 8 -820 -835 0 396 0

9 -833 3 3 803 1,498 20 4,045 0

175 172 169 186 178 205 208 226 265

5.2% 5.1% 4.9% 5.3% 4.8% 5.4% 4.7% 4.7% 5.0%

36 12 21 24 29 72 58 63 19
-33,996 0 2,351 2,432 7,028 15,656 2,261 2,782 -4,626
- - - - - - - - -
- - - - - - - - -
0 0 0 0 0 0 0 0 0
- - - - - - - - -
- - - - - - - - -
0 0 0 0 0 0 0 0 0
5 3 6 19 16 16 9 9 8
36 43 69 50 72 101 74 84 85
28 12 58 122 43 117 249 151 63
105 69 154 215 160 306 391 307 175

0.7% 0.2% 0.3% 0.2% 0.3% 0.8% 0.7% 0.7% 0.2%

0.1% 0.1% 0.1% 0.2% 0.2% 0.2% 0.1% 0.1% 0.1%
0.7% 0.8% 0.8% 0.5% 0.9% 1.1% 0.9% 0.9% 1.0%
0.5% 0.2% 0.7% 1.2% 0.5% 1.3% 2.9% 1.6% 0.7%
2.0% 1.2% 1.9% 2.1% 1.9% 3.4% 4.5% 3.3% 2.0%

31 -65 206 219 259 86 144 93 -161

0 0 0 0 0 0 0 0 0
74 85 78 90 85 82 89 98 128
-1,969 -314 122 193 -1,064 415 -1,608 -1,143 -1,674
104 52 -417 87 228 302 771 -50 413
-1,761 -242 -11 589 -493 886 -605 -1,003 -1,293
 17 -31 -64 -4 5 -30 -43 47 30
-105 -69 -154 -215 -160 -306 -391 -307 -175
-47 42 12 -32 -42 1 -59 -32 -529
0 0 0 0 0 0 0 0 0
-135 -58 -207 -251 -197 -335 -493 -292 -673

0 0 -299 0 0 -146 0 0 0
0 0 0 0 0 0 3,981 0 0
5 811 11 11 -17 662 20 4,441 119
-243 -149 440 -362 -811 -695 -2,555 -1,129 -283
-238 662 152 -351 -828 -179 1,446 3,312 -165

-2,134 362 -66 -13 -1,518 372 349 2,017 -2,131

4,754 2,620 2,982 2,916 2,903 1,385 1,757 2,105 4,123
2,620 2,982 2,916 2,903 1,385 1,757 2,105 4,123 1,992
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

112 -99 264 249 448 160 -176 -296 14

53% 39% 33% -11% 27% 675% 34% 119% 55%
-60 39 -86 28 -122 -1,081 60 353 -8
52 -61 177 277 326 -921 -115 57 6
74 85 78 90 85 82 89 98 128
2 27 66 24 23 31 46 -1 -8
128 51 321 391 433 -807 19 155 127
-1,969 -314 122 193 -1,064 415 -1,608 -1,143 -1,674
-105 -69 -154 -215 -160 -306 -391 -307 -703
-2,075 -383 -32 -22 -1,224 109 -1,999 -1,450 -2,377
-1,946 -332 289 368 -791 -698 -1,979 -1,296 -2,250
5 811 11 11 -17 662 20 4,441 119
-51 -51 -55 -73 -124 -170 16 -186 -354
-1,992 428 245 306 -932 -206 -1,944 2,959 -2,485
 80 81 82 83 84 85 86 83 84

2Q22E 3Q22E 4Q22E 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24

cb cc cd ce cf cg ch ce cf

11,072 11,748 13,874 12,328 12,608 13,354 15,842 13,940 14,273

+1% +12% +21% +17% +14% +14% +14% +13% +13%
- - - - - - - - -

-1,979 -2,098 -2,475 -2,198 -2,243 -2,372 -2,810 -2,478 -2,531

17.9% 17.9% 17.8% 17.8% 17.8% 17.8% 17.7% 17.8% 17.7%

9,092 9,650 11,399 10,130 10,364 10,982 13,032 11,462 11,741

+1% +12% +21% +16% +14% +14% +14% +13% +13%
23% 25% 29% 23% 23% 25% 29% 23% 23%
- - - - - - - - -

-6,603 -7,040 -8,334 -7,333 -7,490 -7,960 -9,427 -8,262 -8,444

-2% +2% +19% +16% +13% +13% +13% +13% +13%

2,490 2,610 3,065 2,798 2,874 3,023 3,605 3,200 3,297

27.4% 27.0% 26.9% 27.6% 27.7% 27.5% 27.7% 27.9% 28.1%
+177bp +691bp +163bp -13bp +35bp +47bp +77bp +30bp +35bp
- - - - - - - - -

-1,644 -1,702 -2,048 -1,817 -1,853 -1,914 -2,316 -2,056 -2,099

18.1% 17.6% 18.0% 17.9% 17.9% 17.4% 17.8% 17.9% 17.9%
+20bp -75bp -75bp -20bp -20bp -20bp -20bp +0bp +0bp

-347 -335 -352 -335 -381 -375 -390 -350 -397

3.8% 3.5% 3.1% 3.3% 3.7% 3.4% 3.0% 3.1% 3.4%
+98bp +89bp -40bp -72bp -14bp -6bp -10bp -25bp -29bp

-1,990 -2,037 -2,401 -2,152 -2,234 -2,289 -2,706 -2,406 -2,496

+7% +13% +15% +11% +12% +12% +13% +12% +12%
21.9% 21.1% 21.1% 21.2% 21.6% 20.8% 20.8% 21.0% 21.3%
+118bp +14bp -115bp -92bp -34bp -26bp -30bp -25bp -29bp

-268 -272 -275 -279 -284 -289 -295 -302 -307

-2,259 -2,308 -2,675 -2,431 -2,518 -2,579 -3,001 -2,709 -2,803

24.8% 23.9% 23.5% 24.0% 24.3% 23.5% 23.0% 23.6% 23.9%
+186bp +54bp -115bp -119bp -55bp -44bp -44bp -36bp -42bp

-39 -42 -49 -44 -45 -48 -57 -50 -51

 +20% +32% -11% -28% +14% +14% +14% +13% +13%
0.4% 0.4% 0.4% 0.4% 0.4% 0.4% 0.4% 0.4% 0.4%
+7bp +7bp -16bp -26bp +0bp +0bp +0bp +0bp +0bp

28 18 31 53 35 23 38 68 46
-9% -61% -5342% -768% +23% +28% +22% +27% +32%
0.3% 0.2% 0.3% 0.5% 0.3% 0.2% 0.3% 0.6% 0.4%
-3bp -35bp +28bp +62bp +2bp +2bp +2bp +7bp +6bp

17 17 17 -86 18 18 18 -90 19

237 296 389 290 364 438 603 419 507

505 567 664 569 648 727 898 722 815

5.6% 5.9% 5.8% 5.6% 6.3% 6.6% 6.9% 6.3% 6.9%

505 567 664 569 648 727 898 722 815

5.6% 5.9% 5.8% 5.6% 6.3% 6.6% 6.9% 6.3% 6.9%
+50bp +180bp +323bp +67bp +69bp +75bp +107bp +67bp +69bp

488 550 647 656 630 709 880 812 796

5.4% 5.7% 5.7% 6.5% 6.1% 6.5% 6.8% 7.1% 6.8%
+49bp +177bp +323bp +167bp +71bp +76bp +108bp +61bp +70bp

460 532 615 602 595 686 842 744 750

5.1% 5.5% 5.4% 5.9% 5.7% 6.2% 6.5% 6.5% 6.4%
+53bp +212bp +294bp +105bp +69bp +73bp +106bp +54bp +65bp

-511 -469 -479 -478 -464 -432 -390 -407 -403

5.6% 4.9% 4.2% 4.7% 4.5% 3.9% 3.0% 3.5% 3.4%
+249bp +340bp -42bp -244bp -114bp -93bp -121bp -117bp -104bp

117 185 235 143 82 163 203 131 70

1.3% 1.9% 2.1% 1.4% 0.8% 1.5% 1.6% 1.1% 0.6%
+71bp +94bp +7bp -93bp -49bp -43bp -50bp -27bp -20bp

-394 -284 -244 -335 -382 -269 -187 -276 -333

4.3% 2.9% 2.1% 3.3% 3.7% 2.4% 1.4% 2.4% 2.8%
+179bp +247bp -50bp -151bp -65bp -49bp -71bp -90bp -85bp
78.0% 50.1% 36.8% 58.8% 58.9% 37.0% 20.8% 38.2% 40.9%

0 0 0 0 0 0 0 0 0
-157 12 145 -45 -18 169 416 143 174
-1.7% 0.1% 1.3% -0.4% -0.2% 1.5% 3.2% 1.3% 1.5%
-197bp +144bp +640bp +353bp +156bp +142bp +192bp +169bp +166bp

63 2 -39 33 18 -50 -88 -26 -44

34.0% 34.0% 34.0% 34.0% 34.0% 34.0% 23.3% 34.0% 34.0%

0 0 0 0 0 0 0 0 0
 -94 14 106 -11 0 119 328 118 131
-210% -90% +14% -93% -100% +760% +208% -1143% +474783%
-1.0% 0.1% 0.9% -0.1% 0.0% 1.1% 2.5% 1.0% 1.1%
-199bp -152bp -6bp +173bp +104bp +94bp +158bp +114bp +111bp

(94) 14 106 (11) 0 119 328 118 131

-1.0% 0.1% 0.9% -0.1% 0.0% 1.1% 2.5% 1.0% 1.1%

-0.01 0.00 0.02 0.00 0.00 0.02 0.05 0.02 0.02

-206% -91% +14% -93% -100% +760% +208% -1143% +474783%
6,665.58 6,665.58 6,665.58 6,665.58 6,665.58 6,665.58 6,665.58 6,665.58 6,665.58

(0.01) 0.00 0.02 (0.00) 0.00 0.02 0.05 0.02 0.02

-206% -90% +14% -93% -100% +760% +208% -1143% +474783%
6,665.58 6,665.58 6,665.58 6,665.58 6,665.58 6,665.58 6,665.58 6,665.58 6,665.58

0 -109
0.0% 25.0%

+0.9% +6.0% +19.9% +12.3% +12.1% +11.4% +13.0% +10.0% +10.2%

-9.1% +1.9% +24.3% +9.5% +9.5% +9.7% +10.0% +2.5% +2.9%
+9.1% +18.1% +20.7% +21.4% +21.6% +21.7% +21.9% +16.4% +16.4%
+1.5% +12.2% +20.9% +16.6% +13.9% +13.7% +14.2% +13.1% +13.2%
+0.9% +12.1% +21.3% +15.6% +14.0% +13.8% +14.3% +13.1% +13.3%

1,290 1,327 1,366 1,364 1,369 1,392 1,486 1,485 1,488

7 37 39 -2 5 23 94 -1 3
721.1 733.7 753.8 762.6 763.4 771.2 802.2 826.3 826.7
+6.9% +4.8% +4.2% +6.1% +5.9% +5.1% +6.4% +8.4% +8.3%
559.0 552.9 551.8 559.1 557.6 554.1 539.8 556.4 555.6

1,290 1,327 1,366 1,364 1,369 1,392 1,486 1,485 1,488

7 37 39 -2 5 23 94 -1 3

721.1 733.7 753.8 762.6 763.4 771.2 802.2 826.3 826.7

+7% +5% +4% +6% +6% +5% +6% +8% +8%

7.0 7.3 8.3 7.4 7.6 7.9 8.8 7.7 7.9

-9% +4% +14% +9% +7% +8% +5% +4% +4%

-9.1% +1.9% +24.3% +9.5% +9.5% +9.7% +10.0% +2.5% +2.9%

+35.6% -6.7% -2.1% +3.2% -0.2% +5.7% +16.9% +6.0% +6.1%
-4.6% +7.2% +15.8% +10.0% +7.6% +8.1% +7.3% +4.4% +4.5%
1.6X 1.6X 1.6X 1.6X 1.6X 1.6X 1.6X 1.6X 1.6X

10,964 11,634 13,739 12,208 12,485 13,225 15,688 13,805 14,134

+2% +12% +21% +17% +14% +14% +14% +13% +13%
10,314 10,918 12,860 11,413 11,625 12,265 14,501 12,819 13,064
+1% +12% +20% +16% +13% +12% +13% +12% +12%
3,937 4,065 5,285 4,426 4,411 4,530 5,974 4,869 4,863
+1% +6% +20% +12% +12% +11% +13% +10% +10%
6,377 6,853 7,574 6,988 7,214 7,736 8,528 7,951 8,201
-3% +11% +15% +13% +13% +13% +13% +14% +14%
0 0 0 0 0 0 0 0 0
650 716 879 795 860 959 1,187 985 1,070
+19% +24% +34% +23% +32% +34% +35% +24% +24%

-1,884 -1,997 -2,356 -2,092 -2,135 -2,258 -2,674 -2,358 -2,409

-17% -17% -17% -17% -17% -17% -17% -17% -17%
-1,825 -1,932 -2,276 -2,020 -2,058 -2,171 -2,567 -2,269 -2,312
-17.7% -17.7% -17.7% -17.7% -17.7% -17.7% -17.7% -18% -18%
-59 -65 -79 -72 -78 -87 -107 -89 -97
-9% -9% -9% -9% -9% -9% -9% -9% -9%

9,080 9,637 11,383 10,116 10,350 10,967 13,014 11,446 11,725

+2% +13% +21% +16% +14% +14% +14% +13% +13%
8,488 8,986 10,584 9,393 9,568 10,095 11,935 10,551 10,752
+1% +12% +20% +15% +13% +12% +13% +12% +12%
591 651 799 723 782 872 1,079 896 973
+8% +24% +34% +23% +32% +34% +35% +24% +24%

2,490 2,610 3,065 2,798 2,874 3,023 3,605 3,200 3,297

27.4% 27.1% 26.9% 27.7% 27.8% 27.6% 27.7% 28.0% 28.1%
1,898 1,959 2,266 2,075 2,092 2,150 2,525 2,304 2,324
22.4% 21.8% 21.4% 22.1% 21.9% 21.3% 21.2% 21.8% 21.6%
591 651 799 723 782 872 1,079 896 973
100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%

1,290 1,327 1,366 1,364 1,369 1,392 1,486 1,485 1,488

7 37 39 -2 5 23 94 -1 3
721.1 733.7 753.8 762.6 763.4 771.2 802.2 826.3 826.7
+7% +5% +4% +6% +6% +5% +6% +8% +8%
+0% +2% +3% +1% +0% +1% +4% +3% +0%

674.8 700.3 723.1 719.1 721.1 733.7 753.8 762.6 763.4

46.3 33.4 30.7 43.5 42.2 37.5 48.4 63.7 63.4

1,053 1,084 1,110 1,108 1,112 1,131 1,200 1,199 1,201

1,047 1,053 1,084 1,110 1,108 1,112 1,131 1,200 1,199
6.0 31.0 26.0 -2.0 4.0 19.0 69.0 -1.0 2.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
1,053 1,084 1,110 1,108 1,112 1,131 1,200 1,199 1,201
683.3 695.3 713.9 721.7 722.3 729.8 758.4 780.6 780.9
650.7 650.7 650.7 650.7 650.7 650.7 650.7 650.7 650.7

237 243 256 256 257 261 286 286 287

236 237 243 256 256 257 261 286 286
1.0 6.0 13.0 0.0 1.0 4.0 25.0 0.0 1.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
 237 243 256 256 257 261 286 286 287
37.8 38.4 39.9 41.0 41.0 41.4 43.8 45.8 45.8
160.0 160.0 160.0 160.0 160.0 160.0 160.0 160.0 160.0

194 194 194 194 194 194 194 194 194

1,484 1,521 1,560 1,558 1,563 1,586 1,680 1,679 1,682

3,937 4,065 5,285 4,426 4,411 4,530 5,974 4,869 4,863

36% 35% 38% 36% 35% 34% 38% 35% 34%
+1% +6% +20% +12% +12% +11% +13% +10% +10%
-5.5% -5.5% -5.3% 0.2% 0.0% 0.1% 0.4%
3,628 3,761 4,875 4,106 4,057 4,182 5,497 4,506 4,461
92% 93% 92% 93% 92% 92% 92% 93% 92%
5.3 5.4 6.8 5.7 5.6 5.7 7.2 5.8 5.7
-6% -1% +13% +6% +6% +6% +6% +1% +2%
-2.5X -0.5X 8.0X 32.0X 28.0X 8.5X 3.5X 0.8X 0.8X

309 304 410 320 354 348 477 363 402

8% 7% 8% 7% 8% 8% 8% 7% 8%
8.2 7.9 10.3 7.8 8.6 8.4 10.9 7.9 8.8
-6% -1% +13% +6% +6% +6% +6% +1% +2%
-2.5X -0.5X 8.0X 32.0X 28.0X 8.5X 3.5X 0.8X 0.8X
100% 100% 100% 100% 100% 100% 100% 100% 100%

60,107 62,427 78,956 66,847 74,052 76,819 96,978 80,218 88,711

+16% +17% +29% +31% +23% +23% +23% +20% +20%
17.3% 18.3% 16.4% 17.8% 17.1% 18.1% 16.3% 17.3% 16.6%

10,413 11,409 12,944 11,922 12,663 13,886 15,776 13,872 14,740

+9% +18% +21% +21% +22% +22% +22% +16% +16%
+59% +43% +40% +40% +33% +44% +47% +41% +42%
72.6% 73.7% 71.0% 72.9% 74.2% 75.4% 72.5% 74.0% 75.2%

10,821 11,873 13,497 12,442 13,251 14,566 16,596 14,555 15,511

+10% +19% +21% +22% +22% +23% +23% +17% +17%
+61% +45% +42% +42% +35% +46% +49% +43% +43%
-18% -5% -5%
6,377 6,853 7,574 6,988 7,214 7,736 8,528 7,951 8,201
-3% +11% +15% +13% +13% +13% +13% +14% +14%
6,785 7,318 8,128 7,508 7,802 8,415 9,347 8,634 8,973
-1% +13% +16% +15% +15% +15% +15% +15% +15%
+35% +16% +13% +15% +10% +26% +29% +29% +29%
+57% +9% +6% +17% +11% +23% +32% +27% +27%

4,036 4,556 5,370 4,934 5,449 6,150 7,249 5,921 6,539

+35% +30% +30% +35% +35% +35% +35% +20% +20%
4,036 4,556 5,370 4,934 5,449 6,150 7,249 5,921 6,539
+35% +30% +30% +35% +35% +35% +35% +20% +20%
n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.
+120% +117% +108% +102% +82% +76% +76% +62% +62%

39% 40% 41% 41% 43% 44% 46% 43% 44%

+154bp +117bp +155bp -10bp +164bp +126bp +166bp -326bp +168bp
+743bp +365bp +297bp +416bp +427bp +436bp +446bp +130bp +133bp

6,785 7,318 8,128 7,508 7,802 8,415 9,347 8,634 8,973

-3% +0% -4% -1% +1% +1% +1% +2% +2%
62% 63% 59% 62% 62% 64% 60% 63% 63%

6,377 6,853 7,574 6,988 7,214 7,736 8,528 7,951 8,201

-3% +11% +15% +13% +13% +13% +13% +14% +14%
94% 94% 93% 93% 92% 92% 91% 92% 91%

408 465 553 521 588 680 819 684 772

+36% +33% +34% +42% +44% +46% +48% +31% +31%
6% 6% 7% 7% 8% 8% 9% 8% 9%
10.1% 10.2% 10.3% 10.6% 10.8% 11.1% 11.3% 11.6% 11.8%

650 716 879 795 860 959 1,187 985 1,070

+19% +24% +34% +23% +32% +34% +35% +24% +24%
408 465 553 521 588 680 819 684 772
243 251 326 274 271 280 367 301 298
7% 7% 7% 7% 7% 7% 7% 7% 7%

108 114 135 120 123 130 154 136 139

-71.9% +2.1% +38.8% +3.3% +13.9% +13.7% +14.2% +13.1% +13.2%
1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0%
-95 -101 -119 -106 -108 -115 -136 -120 -122
-88.2% -88.2% -88.2% -88.2% -88.2% -88.2% -88.2% -88.2% -88.2%
13 13 16 14 14 15 18 16 16
0 0 0 0 0 0 0 0 0
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

-1,644 -1,702 -2,048 -1,817 -1,853 -1,914 -2,316 -2,056 -2,099

+2% +7% +16% +14% +13% +13% +13% +13% +13%
18.1% 17.6% 18.0% 17.9% 17.9% 17.4% 17.8% 17.9% 17.9%
+20bp -75bp -75bp -20bp -20bp -20bp -20bp +0bp +0bp
 -347 -335 -352 -335 -381 -375 -390 -350 -397
+36% +51% +7% +12% +10% +12% +11% +5% +4%
3.0X 6.0X 1.0X 2.0X 2.0X 2.0X 2.0X 1.0X 1.0X
3.8% 3.5% 3.1% 3.3% 3.7% 3.4% 3.0% 3.1% 3.4%
+98bp +89bp -40bp -72bp -14bp -6bp -10bp -25bp -29bp

-39 -42 -49 -44 -45 -48 -57 -50 -51

0.4% 0.4% 0.4% 0.4% 0.4% 0.4% 0.4% 0.4% 0.4%
+7bp +7bp -16bp -26bp +0bp +0bp +0bp +0bp +0bp

17 17 17 -86 18 18 18 -90 19
+12% +8% +7% +6% +5% +6% +5% +5% +4%

10,964 11,634 13,739 12,208 12,485 13,225 15,688 13,805 14,134

20.8% 21.4% 21.9% 22.5% 23.0% 23.6% 24.1% 24.7% 25.2%

11,038 12,604 15,042 13,965 12,506 14,248 17,019 15,751 14,162

+15% +16% +18% +13% +13% +13% +13% +13% +13%
2,281 2,485 3,010 2,742 2,873 3,117 3,784 3,406 3,566
8,756 10,118 12,030 11,222 9,631 11,129 13,233 12,344 10,594
+15% +15% +15% +10% +10% +10% +10% +10% +10%
2 1 1 1 2 2 1 1 2
+12% +8% +7% +6% +5% +6% +5% +5% +4%

18,639 18,062 18,386 20,626 21,696 20,693 20,660 22,985 24,014

11,038 12,604 15,042 13,965 12,506 14,248 17,019 15,751 14,162
-11,526 -11,941 -12,510 -12,914 -13,274 -13,677 -14,162 -14,600 -15,006
24.5% 24.5% 24.5% 24.5% 24.5% 24.5% 24.5% 24.5% 24.5%
-90 -339 -291 18 -235 -603 -532 -122 -266
18,062 18,386 20,626 21,696 20,693 20,660 22,985 24,014 22,904
+34% +21% +18% +16% +15% +12% +11% +11% +11%

1,412 1,461 1,581 1,856 1,952 1,862 1,859 2,068 2,161

7.6% 8.1% 8.6% 9.0% 9.0% 9.0% 9.0% 9.0% 9.0%

268 388 411 257 331 513 529 331 359

19.1% 126.6% 75.0% -4.4% 91.4% 182.0% 103.8% 23.0% 80.4%

2,135 2,420 2,503 2,709 3,180 3,345 3,191 3,186 3,544

375 422 496 454 400 449 527 480 425
3.4% 3.3% 3.3% 3.2% 3.2% 3.1% 3.1% 3.0% 3.0%
-90 -339 -291 18 -235 -603 -532 -122 -266
2,420 2,503 2,709 3,180 3,345 3,191 3,186 3,544 3,703
171% 171% 171% 171% 171% 171% 171% 171% 171%

49 49 52 57 57 56 59 63 63
0.3% 0.3% 0.3% 0.3% 0.3% 0.3% 0.3% 0.3% 0.3%

818 812 869 943 945 922 973 1,047 1,046

+92% +81% +67% +49% +15% +13% +12% +11% +11%
1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5%

769 763 817 886 888 866 914 984 983

+96% +89% +69% +49% +15% +13% +12% +11% +11%

-264 -262 -281 -326 -326 -318 -336 -362 -361

0.5% 0.5% 0.5% 0.5% 0.5% 0.5% 0.5% 0.5% 0.5%

505 501 536 561 562 548 578 623 622

+41% +42% +31% +15% +11% +9% +8% +11% +11%
2.8% 2.8% 2.8% 2.7% 2.7% 2.7% 2.7% 2.7% 2.7%

347 396 473 439 393 448 535 495 445

+28% +31% +42% +29% +13% +13% +13% +13% +13%
68.7% 79.0% 88.1% 78.3% 70.0% 81.7% 92.5% 79.5% 71.6%
3.1% 3.1% 3.1% 3.1% 3.1% 3.1% 3.1% 3.1% 3.1%

-326 -373 -444 -397 -343 -393 -469 -417 -362

+10% +94% +1% -29% +5% +5% +6% +5% +5%
 526 524 565 603 612 603 644 701 705
+58% +13% +85% +123% +16% +15% +14% +16% +15%

-455 -480 -487 -446 -523 -544 -547 -497 -582

+69% +61% +57% +42% +15% +13% +12% +12% +11%
39.1% 39.7% 36.3% 32.2% 39.1% 39.7% 36.3% 32.2% 39.1%

71 44 78 157 89 59 97 203 123

+11% -73% -1471% -454% +26% +33% +24% +29% +38%

-28 -18 -31 -63 -36 -24 -39 -81 -49

-40.0% -40.0% -40.0% -40.0% -40.0% -40.0% -40.0% -40.0% -40.0%

42 27 47 94 53 35 58 122 74
-12% -68% -423% -453% +26% +33% +24% +29% +38%

28 18 31 53 35 23 38 68 46
0.3% 0.2% 0.2% 0.4% 0.3% 0.2% 0.2% 0.5% 0.3%
21 13 23 47 27 18 29 61 37
7 5 8 6 8 6 9 7 9

+2.5% +2.7% +1.6% +0.2% +0.2% +0.7% +1.7% +2.0% +2.3%

11.9% 8.5% 7.3% 5.8% 4.9% 5.9% 5.4% 4.7% 4.2%
5.26 5.47 5.59 5.72 5.84 5.90 5.95 5.99 6.04
13.25% 13.75% 13.75% 13.75% 13.25% 12.00% 10.25% 9.75% 9.25%

2,447 4,108 4,067 911 1,992 4,150 4,464 1,659 1,777

2,230 3,890 3,849 693 1,774 3,932 4,247 1,442 1,560
217 217 217 217 217 217 217 217 217
205 205 205 205 205 205 205 205 205
12 12 12 12 12 12 12 12 12
5,810 5,696 6,807 5,159 5,923 5,693 6,594 4,632 6,732
7,748 7,795 8,645 8,869 8,719 8,984 9,837 10,029 9,844
2,887 2,887 2,887 2,887 2,887 2,887 2,887 2,887 2,887
1,567 1,567 1,567 1,567 1,567 1,567 1,567 1,567 1,567
267 267 267 267 267 267 267 267 267
20,728 22,321 24,240 19,661 21,355 23,548 25,617 21,041 23,074

4,085 4,085 4,085 4,085 4,085 4,085 4,085 4,085 4,085

3,397 3,397 3,397 3,397 3,397 3,397 3,397 3,397 3,397
378 378 378 378 378 378 378 378 378
2,033 2,082 2,158 2,235 2,324 2,411 2,533 2,615 2,708
4,327 4,327 4,327 4,327 4,327 4,327 4,327 4,327 4,327
14,220 14,269 14,345 14,422 14,511 14,598 14,720 14,802 14,895
34,948 36,590 38,584 34,083 35,865 38,146 40,337 35,842 37,969

8,316 9,061 10,277 6,798 9,357 10,443 11,694 7,687 10,565

494 494 494 494 494 494 494 494 494
376 376 376 376 376 376 376 376 376
199 199 199 199 199 199 199 199 199
115 115 115 115 115 115 115 115 115
0 0 0 0 0 0 0 0 0
50 50 50 50 50 50 50 50 50
41 41 41 41 41 41 41 41 41
0 0 0 0 0 0 0 0 0
440 440 440 440 440 440 440 440 440
2,132 3,015 3,687 3,175 2,399 3,475 4,195 3,590 2,709
12,164 13,792 15,680 11,689 13,472 15,634 17,605 12,993 14,989

6,417 6,417 6,417 6,417 6,417 6,417 6,417 6,417 6,417

101 101 101 101 101 101 101 101 101
0 0 0 0 0 0 0 0 0
1,112 1,112 1,112 1,112 1,112 1,112 1,112 1,112 1,112
231 231 231 231 231 231 231 231 231
3,069 3,069 3,069 3,069 3,069 3,069 3,069 3,069 3,069
830 830 830 830 830 830 830 830 830
11,760 11,760 11,760 11,760 11,760 11,760 11,760 11,760 11,760

23,924 25,552 27,440 23,450 25,232 27,394 29,365 24,753 26,749

0 0 0 0 0 0 0 0 0
11,024 11,038 11,144 10,633 10,633 10,752 10,972 11,089 11,220

34,948 36,590 38,584 34,083 35,865 38,146 40,337 35,842 37,969

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

3,397 3,397 3,397 3,397 3,397 3,397 3,397 3,397 3,397

440 440 440 440 440 440 440 440 440
3,069 3,069 3,069 3,069 3,069 3,069 3,069 3,069 3,069
3,509 3,509 3,509 3,509 3,509 3,509 3,509 3,509 3,509

10,421 10,421 10,421 10,421 10,421 10,421 10,421 10,421 10,421

2,447 4,108 4,067 911 1,992 4,150 4,464 1,659 1,777

7,973 6,313 6,354 9,510 8,429 6,271 5,956 8,762 8,643

5.4X 3.7X 3.0X 4.1X 3.4X 2.4X 2.1X 2.9X 2.7X

11,175 9,680 9,798 12,839 11,580 9,479 9,172 13,792 12,225

7.6X 5.7X 4.7X 5.5X 4.7X 3.6X 3.2X 4.6X 3.8X
 6,912 6,912 6,912 6,912 6,912 6,912 6,912 6,912 6,912
2,447 4,108 4,067 911 1,992 4,150 4,464 1,659 1,777
4,464 2,804 2,845 6,001 4,920 2,762 2,447 5,253 5,134
3.0X 1.7X 1.4X 2.6X 2.0X 1.0X 0.9X 1.7X 1.6X
7,666 6,171 6,289 9,330 8,071 5,970 5,663 10,283 8,715
7.6X 5.7X 4.7X 5.5X 4.7X 3.6X 3.2X 4.6X 3.8X

6,912 6,912 6,912 6,912 6,912 6,912 6,912 6,912 6,912

8,258 9,804 10,874 6,070 7,915 9,843 11,058 6,291 8,509
-1,346 -2,892 -3,962 842 -1,003 -2,931 -4,147 621 -1,598
505 567 664 569 648 727 898 722 815
-0.9X -1.7X -1.8X 0.4X -0.4X -1.1X -1.5X 0.2X -0.5X

1.2X 1.1X 1.0X 1.2X 1.2X 1.1X 1.1X 1.3X 1.3X

3.5X 3.4X 3.2X 3.5X 3.7X 3.7X 3.5X 3.5X 3.7X
1.02X 0.86X 0.78X 0.94X 0.99X 1.01X 1.00X 1.00X 1.00X

90 88 95 76 79 75 79 76 79
58 56 63 46 51 48 53 36 51
104 104 110 109 104 104 110 109 104
30 32 57 47 30 32 57 47 30

112 121 131 84 112 121 131 84 112

29 40 47 39 29 40 47 39 29
7 7 7 7 6 6 6 6 6

-12 -14 -16 -30 -12 -14 -16 +0 +0

+2 -3 -13 +1 +0 +0 +0 +0 +0
+0 +0 -5 +0 +0 +0 +0 +0 +0

83 72 74 101 71 58 59 101 71
-9d -17d -23d -29d -12d -14d -16d +0d +0d

6,703 5,007 5,080 7,647 6,477 4,351 4,133 6,975 6,894

15.4% 11.2% 10.7% 15.6% 12.8% 8.3% 7.6% 12.5% 12.0%
+881bp +95bp -235bp -121bp -256bp -282bp -311bp -309bp -80bp

601 1,696 -72 -2,567 1,170 2,126 218 -2,842 81

601 1,696 -72 -2,567 1,170 2,126 218 -2,842 81

2,320 1,621 1,255 4,958 2,249 1,428 1,030 5,229 2,166

5.3% 3.6% 2.7% 10.1% 4.4% 2.7% 1.9% 9.4% 3.8%

7,836 7,790 9,113 7,223 7,711 7,421 8,507 8,222 8,764

79 76 84 65 67 62 69 65 67
-3,202 -3,367 -3,445 -3,329 -3,151 -3,208 -3,216 -5,030 -3,581
40.9% 43.2% 37.8% 46.1% 41% 43% 38% 61% 41%

5,810 5,696 6,807 5,159 5,923 5,693 6,594 4,632 6,732

4,634 4,422 5,668 3,894 4,560 4,213 5,291 3,191 5,183
1,176 1,274 1,139 1,266 1,363 1,480 1,303 1,441 1,549
12 12 11 11 12 12 11 11 12

-511 -469 -479 -478 -464 -432 -390 -407 -403

-191 -198 -198 -198 -191 -174 -149 -142 -135
-228 -179 -189 -188 -176 -163 -146 -170 -169
-29 -29 -29 -29 -33 -33 -32 -32 -36
-63 -63 -63 -63 -63 -63 -63 -63 -63

-191 -198 -198 -198 -191 -174 -149 -142 -135

11.5% 12.0% 12.0% 12.0% 11.5% 10.5% 8.9% 8.5% 8.1%
87% 87% 87% 87% 87% 87% 87% 87% 87%

-228 -179 -189 -188 -176 -163 -146 -170 -169

21.9% 23.6% 24.1% 24.1% 23.6% 22.1% 19.5% 17.5% 16.6%

175% 175% 175% 175% 175% 175% 175% 175% 175%

-63 -63 -63 -63 -63 -63 -63 -63 -63

7.3% 7.3% 7.3% 7.3% 7.3% 7.3% 7.3% 7.3% 7.3%
62% 87% 100% 126% 150% 124% 136% 156% 174%

-29 -29 -29 -29 -33 -33 -32 -32 -36

117 185 235 143 82 163 203 131 70

22.8% 24.6% 25.0% 25.0% 24.6% 23.0% 20.3% 18.2% 17.3%

182% 182% 182% 182% 182% 182% 182% 182% 182%

-394 -284 -244 -335 -382 -269 -187 -276 -333

-185 -7 114 -98 -52 146 378 75 129

34.0% 34.0% 34.0% 34.0% 34.0% 34.0% 34.0% 34.0% 34.0%
-63 -2 39 -33 -18 50 129 26 44

0 0 0 0 0 0 -40 0 0
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0

-63 -2 39 -33 -18 50 88 26 44

34.0% 34.0% 34.0% 34.0% 34.0% 34.0% 23.3% 34.0% 34.0%

0 -119
6.82% 6.82% 6.82% 6.82% 6.82% 6.82% 6.82% 6.82% 6.82%

0 -40
34.0% 34.0% 34.0% 34.0% 34.0% 34.0% 34.0% 34.0% 34.0%

0 0 0 0 0 0 -109 0 0
0% 0% 0% 0% 0% 0% 33% 0% 0%

0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0

268 272 275 279 284 289 295 302 307

5.0% 5.0% 5.0% 5.0% 5.0% 5.1% 5.1% 5.1% 5.1%

0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
6 31 26 -2 4 19 69 -1 2
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
1 6 13 0 1 4 25 0 1
0 0 0 0 0 0 0 0 0
18 10 9 8 19 11 10 9 19
77 82 97 114 104 110 130 129 117
77 82 97 88 104 110 130 99 117
172 174 203 210 226 230 270 237 254

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

0.2% 0.1% 0.1% 0.1% 0.2% 0.1% 0.1% 0.1% 0.2%
0.9% 0.9% 0.9% 1.1% 1.0% 1.0% 1.0% 1.1% 1.0%
0.9% 0.9% 0.9% 0.9% 1.0% 1.0% 1.0% 0.9% 1.0%
1.9% 1.8% 1.8% 2.1% 2.2% 2.1% 2.1% 2.1% 2.2%

-94 14 106 -11 0 119 328 118 131

0 0 0 0 0 0 0 0 0
122 125 128 133 137 143 148 156 161
601 1,696 -72 -2,567 1,170 2,126 218 -2,842 81
0 0 0 0 0 0 0 0 0
628 1,834 162 -2,446 1,307 2,388 694 -2,569 373
 0 0 0 0 0 0 0 0 0
-172 -174 -203 -210 -226 -230 -270 -237 -254
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
-172 -174 -203 -210 -226 -230 -270 -237 -254

0 0 0 0 0 0 -109 0 0
0 0 0 -500 0 0 0 0 0
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
0 0 0 -500 0 0 -109 0 0

456 1,660 -41 -3,156 1,081 2,158 315 -2,805 118

1,992 2,447 4,108 4,067 911 1,992 4,150 4,464 1,659
2,447 4,108 4,067 911 1,992 4,150 4,464 1,659 1,777
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

146 215 295 174 267 352 502 288 399

34% 34% 34% 34% 34% 34% 23% 34% 34%
-50 -73 -100 -59 -91 -120 -117 -98 -136
96 142 195 115 176 232 385 190 263
122 125 128 133 137 143 148 156 161
28 18 31 53 35 23 38 68 46
246 285 354 301 348 398 572 414 470
601 1,696 -72 -2,567 1,170 2,126 218 -2,842 81
-172 -174 -203 -210 -226 -230 -270 -237 -254
428 1,522 -275 -2,777 944 1,896 -53 -3,079 -173
674 1,806 79 -2,476 1,292 2,294 519 -2,665 297
0 0 0 0 0 0 0 0 0
-331 -221 -181 -272 -319 -206 -124 -213 -270
343 1,585 -103 -2,749 973 2,088 395 -2,878 26
 85 86 83 84 85 86

3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26

cg ch ci cf cg ch

15,105 17,794 15,637 16,020 16,954 19,861 17,458 17,899 18,955

+13% +12% +12% +12% +12% +12% +12% +12% +12%
- - - - - - - - -

-2,674 -3,144 -2,770 -2,831 -2,989 -3,495 -3,080 -3,149 -3,326

17.7% 17.7% 17.7% 17.7% 17.6% 17.6% 17.6% 17.6% 17.5%

12,432 14,649 12,868 13,189 13,966 16,366 14,378 14,750 15,630

+13% +12% +12% +12% +12% +12% +12% +12% +12%
25% 29% 23% 23% 25% 29% 23% 23% 25%
- - - - - - - - -

-8,960 -10,535 -9,227 -9,428 -9,996 -11,683 -10,243 -10,465 -11,094

+13% +12% +12% +12% +12% +11% +11% +11% +11%

3,472 4,114 3,640 3,761 3,969 4,683 4,134 4,285 4,536

27.9% 28.1% 28.3% 28.5% 28.4% 28.6% 28.8% 29.0% 29.0%
+40bp +43bp +37bp +44bp +50bp +53bp +46bp +53bp +60bp
- - - - - - - - -

-2,167 -2,603 -2,308 -2,358 -2,435 -2,908 -2,579 -2,637 -2,725

17.4% 17.8% 17.9% 17.9% 17.4% 17.8% 17.9% 17.9% 17.4%
+0bp +0bp +0bp +0bp +0bp +0bp +0bp +0bp +0bp

-389 -404 -362 -410 -402 -417 -374 -423 -414

3.1% 2.8% 2.8% 3.1% 2.9% 2.5% 2.6% 2.9% 2.7%
-28bp -24bp -24bp -27bp -25bp -21bp -22bp -24bp -23bp

-2,556 -3,007 -2,670 -2,768 -2,837 -3,325 -2,953 -3,060 -3,139

+12% +11% +11% +11% +11% +11% +11% +11% +11%
20.6% 20.5% 20.8% 21.0% 20.3% 20.3% 20.5% 20.7% 20.1%
-28bp -24bp -24bp -27bp -25bp -21bp -22bp -24bp -23bp

-313 -319 -327 -332 -338 -344 -353 -358 -365

-2,869 -3,326 -2,997 -3,100 -3,175 -3,669 -3,305 -3,418 -3,504

23.1% 22.7% 23.3% 23.5% 22.7% 22.4% 23.0% 23.2% 22.4%
-40bp -33bp -34bp -37bp -35bp -28bp -30bp -33bp -32bp

-54 -64 -56 -57 -61 -71 -62 -64 -68

 +13% +12% +12% +12% +12% +12% +12% +12% +12%
0.4% 0.4% 0.4% 0.4% 0.4% 0.4% 0.4% 0.4% 0.4%
+0bp +0bp +0bp +0bp +0bp +0bp +0bp +0bp +0bp

34 53 83 55 40 58 91 60 43
+48% +39% +22% +20% +18% +10% +10% +9% +7%
0.3% 0.4% 0.6% 0.4% 0.3% 0.4% 0.6% 0.4% 0.3%
+6bp +7bp +5bp +3bp +1bp -1bp -1bp -1bp -1bp

19 19 -93 19 20 19 -96 20 20

602 797 577 678 794 1,020 761 882 1,028

915 1,116 904 1,010 1,132 1,364 1,114 1,241 1,393

7.4% 7.6% 7.0% 7.7% 8.1% 8.3% 7.7% 8.4% 8.9%

915 1,116 904 1,010 1,132 1,364 1,114 1,241 1,393

7.4% 7.6% 7.0% 7.7% 8.1% 8.3% 7.7% 8.4% 8.9%
+73bp +72bp +73bp +72bp +75bp +72bp +72bp +75bp +80bp

896 1,097 997 991 1,113 1,345 1,210 1,220 1,372

7.2% 7.5% 7.8% 7.5% 8.0% 8.2% 8.4% 8.3% 8.8%
+75bp +74bp +67bp +73bp +76bp +73bp +67bp +76bp +81bp

861 1,044 914 936 1,072 1,287 1,119 1,161 1,329

6.9% 7.1% 7.1% 7.1% 7.7% 7.9% 7.8% 7.9% 8.5%
+68bp +67bp +62bp +71bp +75bp +74bp +68bp +77bp +83bp

-350 -338 -364 -360 -325 -323 -355 -366 -339

2.8% 2.3% 2.8% 2.7% 2.3% 2.0% 2.5% 2.5% 2.2%
-112bp -69bp -72bp -70bp -49bp -33bp -35bp -25bp -15bp

115 159 110 60 108 159 117 74 132

0.9% 1.1% 0.9% 0.5% 0.8% 1.0% 0.8% 0.5% 0.8%
-56bp -47bp -28bp -14bp -16bp -12bp -4bp +4bp +8bp

-235 -178 -253 -300 -217 -164 -238 -292 -207

1.9% 1.2% 2.0% 2.3% 1.6% 1.0% 1.7% 2.0% 1.3%
-56bp -22bp -44bp -56bp -33bp -22bp -31bp -29bp -23bp
25.7% 16.0% 28.0% 29.7% 19.2% 12.0% 21.4% 23.6% 14.9%

0 0 0 0 0 0 0 0 0
367 619 324 378 577 856 523 590 821
3.0% 4.2% 2.5% 2.9% 4.1% 5.2% 3.6% 4.0% 5.3%
+141bp +103bp +127bp +138bp +118bp +101bp +112bp +113bp +112bp

-113 -73 -82 -110 -182 -66 -147 -180 -264

34.0% 12.9% 34.0% 34.0% 34.0% 8.2% 34.0% 34.0% 34.0%

0 0 0 0 0 0 0 0 0
 254 546 242 269 395 791 376 410 556
+113% +66% +105% +106% +55% +45% +55% +53% +41%
2.0% 3.7% 1.9% 2.0% 2.8% 4.8% 2.6% 2.8% 3.6%
+95bp +121bp +85bp +92bp +78bp +111bp +74bp +74bp +73bp

254 546 242 269 395 791 376 410 556

2.0% 3.7% 1.9% 2.0% 2.8% 4.8% 2.6% 2.8% 3.6%

0.04 0.08 0.04 0.04 0.06 0.12 0.06 0.06 0.08

+113% +66% +105% +106% +55% +45% +55% +53% +41%
6,665.58 6,665.58 6,665.58 6,665.58 6,665.58 6,665.58 6,665.58 6,665.58 6,665.58

0.04 0.08 0.04 0.04 0.06 0.12 0.06 0.06 0.08

+113% +66% +105% +106% +55% +45% +55% +53% +41%
6,665.58 6,665.58 6,665.58 6,665.58 6,665.58 6,665.58 6,665.58 6,665.58 6,665.58

-262 -424
25.0% 25.0%

+9.8% +8.4% +7.5% +7.4% +7.2% +6.3% +5.6% +5.7% +5.5%

+3.1% +3.0% +3.1% +3.1% +3.1% +3.1% +3.0% +3.0% +3.0%
+16.4% +16.5% +16.4% +16.4% +16.5% +16.5% +16.4% +16.4% +16.5%
+13.1% +12.3% +12.2% +12.2% +12.2% +11.6% +11.6% +11.7% +11.8%
+13.2% +12.4% +12.3% +12.3% +12.3% +11.7% +11.7% +11.8% +11.9%

1,501 1,572 1,571 1,573 1,581 1,634 1,633 1,635 1,640

13 71 -1 2 8 53 -1 2 5
831.2 853.4 871.5 871.6 874.3 890.5 904.0 904.1 905.9
+7.8% +6.4% +5.5% +5.4% +5.2% +4.4% +3.7% +3.7% +3.6%
553.8 542.9 554.7 554.1 553.0 545.0 553.6 552.9 552.3

1,501 1,572 1,571 1,573 1,581 1,634 1,633 1,635 1,640

13 71 -1 2 8 53 -1 2 5

831.2 853.4 871.5 871.6 874.3 890.5 904.0 904.1 905.9

+8% +6% +5% +5% +5% +4% +4% +4% +4%

8.3 9.3 8.2 8.4 8.8 10.0 8.8 9.0 9.5

+5% +6% +6% +6% +7% +7% +7% +8% +8%

+3.1% +3.0% +3.1% +3.1% +3.1% +3.1% +3.0% +3.0% +3.0%

+6.3% +6.5% +2.8% +3.0% +3.1% +3.1% +3.0% +3.1% +3.0%
+5.0% +5.6% +6.4% +6.5% +6.7% +7.0% +7.6% +7.7% +7.9%
1.6X 1.6X 1.6X 1.6X 1.6X 1.6X 1.6X 1.6X 1.6X

14,958 17,621 15,485 15,864 16,789 19,668 17,288 17,725 18,771

+13% +12% +12% +12% +12% +12% +12% +12% +12%
13,763 16,154 14,270 14,540 15,306 17,858 15,792 16,088 16,933
+12% +11% +11% +11% +11% +11% +11% +11% +11%
4,975 6,475 5,232 5,225 5,333 6,885 5,528 5,521 5,627
+10% +8% +7% +7% +7% +6% +6% +6% +6%
8,788 9,679 9,038 9,314 9,973 10,973 10,264 10,567 11,305
+14% +13% +14% +14% +13% +13% +14% +13% +13%
0 0 0 0 0 0 0 0 0
1,196 1,467 1,215 1,324 1,483 1,810 1,496 1,637 1,839
+25% +24% +23% +24% +24% +23% +23% +24% +24%

-2,544 -2,992 -2,636 -2,693 -2,843 -3,324 -2,930 -2,995 -3,163

-17% -17% -17% -17% -17% -17% -17% -17% -17%
-2,436 -2,859 -2,526 -2,573 -2,709 -3,161 -2,795 -2,847 -2,997
-18% -18% -18% -18% -18% -18% -18% -18% -18%
-108 -133 -110 -120 -134 -164 -135 -148 -166
-9% -9% -9% -9% -9% -9% -9% -9% -9%

12,414 14,629 12,850 13,171 13,946 16,344 14,358 14,729 15,608

+13% +12% +12% +12% +12% +12% +12% +12% +12%
11,327 13,294 11,745 11,966 12,597 14,697 12,997 13,240 13,936
+12% +11% +11% +11% +11% +11% +11% +11% +11%
1,087 1,335 1,105 1,204 1,349 1,646 1,361 1,489 1,672
+25% +24% +23% +24% +24% +23% +23% +24% +24%

3,472 4,114 3,640 3,761 3,969 4,683 4,134 4,285 4,536

28.0% 28.1% 28.3% 28.6% 28.5% 28.7% 28.8% 29.1% 29.1%
2,384 2,780 2,535 2,557 2,620 3,036 2,773 2,796 2,864
21.1% 20.9% 21.6% 21.4% 20.8% 20.7% 21.3% 21.1% 20.6%
1,087 1,335 1,105 1,204 1,349 1,646 1,361 1,489 1,672
100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%

1,501 1,572 1,571 1,573 1,581 1,634 1,633 1,635 1,640

13 71 -1 2 8 53 -1 2 5
831.2 853.4 871.5 871.6 874.3 890.5 904.0 904.1 905.9
+8% +6% +5% +5% +5% +4% +4% +4% +4%
+1% +3% +2% +0% +0% +2% +2% +0% +0%

771.2 802.2 826.3 826.7 831.2 853.4 871.5 871.6 874.3

60.0 51.2 45.2 44.8 43.1 37.1 32.5 32.5 31.5

1,212 1,264 1,263 1,264 1,271 1,310 1,309 1,310 1,314

1,201 1,212 1,264 1,263 1,264 1,271 1,310 1,309 1,310
11.0 52.0 -1.0 1.0 7.0 39.0 -1.0 1.0 4.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
1,212 1,264 1,263 1,264 1,271 1,310 1,309 1,310 1,314
785.1 805.6 822.2 822.2 824.8 839.8 852.1 852.1 853.8
650.7 650.7 650.7 650.7 650.7 650.7 650.7 650.7 650.7

289 308 308 309 310 324 324 325 326

287 289 308 308 309 310 324 324 325
2.0 19.0 0.0 1.0 1.0 14.0 0.0 1.0 1.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
 289 308 308 309 310 324 324 325 326
46.1 47.8 49.3 49.4 49.5 50.7 51.8 51.9 52.1
160.0 160.0 160.0 160.0 160.0 160.0 160.0 160.0 160.0

194 194 194 194 194 194 194 194 194

1,695 1,766 1,765 1,767 1,775 1,828 1,827 1,829 1,834

4,975 6,475 5,232 5,225 5,333 6,885 5,528 5,521 5,627

33% 37% 34% 33% 32% 35% 32% 31% 30%
+10% +8% +7% +7% +7% +6% +6% +6% +6%

4,581 5,945 4,834 4,784 4,902 6,312 5,101 5,048 5,166

92% 92% 92% 92% 92% 92% 92% 91% 92%
5.8 7.4 5.9 5.8 5.9 7.5 6.0 5.9 6.1
+2% +2% +2% +2% +2% +2% +2% +2% +2%
0.8X 0.8X 0.8X 0.8X 0.8X 0.8X 0.8X 0.8X 0.8X

394 530 398 441 431 573 426 472 462

8% 8% 8% 8% 8% 8% 8% 9% 8%
8.5 11.1 8.1 8.9 8.7 11.3 8.2 9.1 8.9
+2% +2% +2% +2% +2% +2% +2% +2% +2%
0.8X 0.8X 0.8X 0.8X 0.8X 0.8X 0.8X 0.8X 0.8X
100% 100% 100% 100% 100% 100% 100% 100% 100%

92,063 115,920 94,134 104,058 108,039 135,917 109,118 120,509 125,221

+20% +20% +17% +17% +17% +17% +16% +16% +16%
17.6% 15.9% 17.1% 16.5% 17.4% 15.8% 17.2% 16.6% 17.5%

16,169 18,377 16,143 17,161 18,830 21,411 18,790 19,983 21,933

+16% +16% +16% +16% +16% +17% +16% +16% +16%
+42% +42% +35% +36% +36% +36% +35% +36% +36%
76.5% 73.9% 75.5% 76.7% 77.9% 75.7% 77.3% 78.4% 79.6%

17,058 19,447 17,035 18,165 19,986 22,799 19,945 21,282 23,426

+17% +17% +17% +17% +17% +17% +17% +17% +17%
+44% +44% +37% +37% +37% +37% +37% +37% +37%

8,788 9,679 9,038 9,314 9,973 10,973 10,264 10,567 11,305

+14% +13% +14% +14% +13% +13% +14% +13% +13%
9,677 10,749 9,930 10,319 11,129 12,361 11,419 11,866 12,798
+15% +15% +15% +15% +15% +15% +15% +15% +15%
+28% +28% +29% +29% +29% +29% +29% +29% +29%
+26% +26% +25% +25% +25% +23% +23% +23% +23%

7,380 8,699 7,105 7,846 8,857 10,438 8,526 9,416 10,628

+20% +20% +20% +20% +20% +20% +20% +20% +20%
7,380 8,699 7,105 7,846 8,857 10,438 8,526 9,416 10,628
+20% +20% +20% +20% +20% +20% +20% +20% +20%
n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.
+62% +62% +44% +44% +44% +44% +44% +44% +44%

46% 47% 44% 46% 47% 49% 45% 47% 48%

+129bp +169bp -332bp +171bp +131bp +172bp -338bp +174bp +134bp
+135bp +139bp +133bp +136bp +139bp +142bp +136bp +140bp +142bp

9,677 10,749 9,930 10,319 11,129 12,361 11,419 11,866 12,798

+2% +2% +3% +2% +2% +3% +3% +3% +3%
65% 61% 64% 65% 66% 63% 66% 67% 68%

8,788 9,679 9,038 9,314 9,973 10,973 10,264 10,567 11,305

+14% +13% +14% +14% +13% +13% +14% +13% +13%
91% 90% 91% 90% 90% 89% 90% 89% 88%

889 1,070 892 1,004 1,156 1,388 1,155 1,299 1,493

+31% +31% +30% +30% +30% +30% +30% +29% +29%
9% 10% 9% 10% 10% 11% 10% 11% 12%
12.1% 12.3% 12.6% 12.8% 13.1% 13.3% 13.6% 13.8% 14.1%

1,196 1,467 1,215 1,324 1,483 1,810 1,496 1,637 1,839

+25% +24% +23% +24% +24% +23% +23% +24% +24%
889 1,070 892 1,004 1,156 1,388 1,155 1,299 1,493
306 397 323 320 328 422 341 337 345
7% 7% 7% 7% 7% 7% 7% 7% 7%

147 173 152 156 165 193 170 174 184

+13.1% +12.3% +12.2% +12.2% +12.2% +11.6% +11.6% +11.7% +11.8%
1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0%
-130 -153 -134 -137 -145 -170 -150 -154 -163
-88.2% -88.2% -88.2% -88.2% -88.2% -88.2% -88.2% -88.2% -88.2%
17 20 18 18 19 23 20 21 22
0 0 0 0 0 0 0 0 0
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

-2,167 -2,603 -2,308 -2,358 -2,435 -2,908 -2,579 -2,637 -2,725

+13% +12% +12% +12% +12% +12% +12% +12% +12%
17.4% 17.8% 17.9% 17.9% 17.4% 17.8% 17.9% 17.9% 17.4%
+0bp +0bp +0bp +0bp +0bp +0bp +0bp +0bp +0bp
 -389 -404 -362 -410 -402 -417 -374 -423 -414
+4% +3% +3% +3% +3% +3% +3% +3% +3%
1.0X 1.0X 1.0X 1.0X 1.0X 1.0X 1.0X 1.0X 1.0X
3.1% 2.8% 2.8% 3.1% 2.9% 2.5% 2.6% 2.9% 2.7%
-28bp -24bp -24bp -27bp -25bp -21bp -22bp -24bp -23bp

-54 -64 -56 -57 -61 -71 -62 -64 -68

0.4% 0.4% 0.4% 0.4% 0.4% 0.4% 0.4% 0.4% 0.4%
+0bp +0bp +0bp +0bp +0bp +0bp +0bp +0bp +0bp

19 19 -93 19 20 19 -96 20 20
+4% +3% +3% +3% +3% +3% +3% +3% +3%

14,958 17,621 15,485 15,864 16,789 19,668 17,288 17,725 18,771

25.8% 26.3% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0% 27.0%

16,100 19,198 17,763 15,941 18,004 21,327 19,608 17,610 19,886

+13% +13% +13% +13% +12% +11% +10% +10% +10%
3,856 4,640 4,184 4,286 4,536 5,314 4,671 4,789 5,071
12,242 14,557 13,578 11,654 13,466 16,012 14,936 12,819 14,813
+10% +10% +10% +10% +10% +10% +10% +10% +10%
2 1 1 2 2 1 1 2 2
+4% +3% +3% +3% +3% +3% +3% +3% +3%

22,904 22,897 25,543 26,710 25,444 25,339 28,118 29,219 27,712

16,100 19,198 17,763 15,941 18,004 21,327 19,608 17,610 19,886
-15,461 -15,995 -16,489 -16,925 -17,392 -17,914 -18,367 -18,776 -19,238
24.5% 24.5% 24.5% 24.5% 24.5% 24.5% 24.5% 24.5% 24.5%
-646 -557 -107 -282 -717 -634 -140 -341 -809
22,897 25,543 26,710 25,444 25,339 28,118 29,219 27,712 27,551
+11% +11% +11% +11% +11% +10% +9% +9% +9%

2,061 2,060 2,298 2,403 2,289 2,280 2,530 2,629 2,493

9.0% 9.0% 9.0% 9.0% 9.0% 9.0% 9.0% 9.0% 9.0%

546 557 345 387 603 625 390 440 673

180.2% 102.1% 19.2% 81.8% 185.2% 105.2% 22.4% 87.4% 183.9%

3,703 3,532 3,531 3,939 4,119 3,923 3,907 4,336 4,505

475 556 515 462 522 618 568 510 576
2.9% 2.9% 2.9% 2.9% 2.9% 2.9% 2.9% 2.9% 2.9%
-646 -557 -107 -282 -717 -634 -140 -341 -809
3,532 3,531 3,939 4,119 3,923 3,907 4,336 4,505 4,273
171% 171% 171% 171% 171% 171% 171% 171% 171%

61 65 70 70 68 72 77 76 74
0.3% 0.3% 0.3% 0.3% 0.3% 0.3% 0.3% 0.3% 0.3%

1,021 1,080 1,164 1,162 1,132 1,191 1,278 1,269 1,232

+11% +11% +11% +11% +11% +10% +10% +9% +9%
1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5%

959 1,014 1,094 1,092 1,064 1,120 1,201 1,192 1,157

+11% +11% +11% +11% +11% +10% +10% +9% +9%

-352 -373 -402 -401 -391 -411 -441 -438 -425

0.5% 0.5% 0.5% 0.5% 0.5% 0.5% 0.5% 0.5% 0.5%

607 642 692 691 673 708 760 754 732

+11% +11% +11% +11% +11% +10% +10% +9% +9%
2.7% 2.7% 2.7% 2.7% 2.7% 2.7% 2.7% 2.7% 2.7%

506 603 558 501 566 670 616 553 625

+13% +13% +13% +13% +12% +11% +10% +10% +10%
83.4% 94.0% 80.6% 72.5% 84.1% 94.6% 81.1% 73.4% 85.4%
3.1% 3.1% 3.1% 3.1% 3.1% 3.1% 3.1% 3.1% 3.1%

-413 -491 -445 -392 -454 -546 -491 -434 -502

+5% +5% +7% +8% +10% +11% +10% +11% +11%
 700 754 806 800 785 832 885 874 855
+16% +17% +15% +13% +12% +10% +10% +9% +9%

-606 -611 -555 -650 -674 -676 -611 -712 -737

+11% +12% +12% +12% +11% +11% +10% +10% +9%
39.7% 36.3% 32.2% 39.1% 39.7% 36.3% 32.2% 39.1% 39.7%

93 143 251 150 111 156 274 162 118

+59% +47% +23% +22% +19% +9% +9% +8% +6%

-37 -57 -100 -60 -44 -63 -110 -65 -47

-40.0% -40.0% -40.0% -40.0% -40.0% -40.0% -40.0% -40.0% -40.0%

56 86 150 90 67 94 164 97 71
+59% +47% +23% +22% +19% +9% +9% +8% +6%

34 53 83 55 40 58 91 60 43
0.2% 0.3% 0.5% 0.3% 0.2% 0.3% 0.5% 0.3% 0.2%
28 43 75 45 33 47 82 49 35
6 10 8 10 7 11 9 11 8

+2.4% +2.4% +2.5% +2.5% +2.5% +2.5% +2.4% +2.4% +2.4%

3.9% 3.4% 3.3% 3.3% 3.3% 3.3% 3.2% 3.1% 3.1%
6.07 6.10 6.12 6.15 6.16 6.18 6.20 6.22 6.23
8.25% 8.00% 7.75% 7.25% 7.00% 7.00% 7.00% 7.00% 7.00%

4,342 4,746 1,727 1,982 4,969 5,467 2,236 2,621 6,063

4,125 4,528 1,510 1,764 4,752 5,250 2,019 2,404 5,846
217 217 217 217 217 217 217 217 217
205 205 205 205 205 205 205 205 205
12 12 12 12 12 12 12 12 12
6,462 7,450 5,223 7,576 7,259 8,354 5,850 8,477 8,116
10,133 11,056 11,247 11,015 11,314 12,318 12,513 12,239 12,555
2,887 2,887 2,887 2,887 2,887 2,887 2,887 2,887 2,887
1,567 1,567 1,567 1,567 1,567 1,567 1,567 1,567 1,567
267 267 267 267 267 267 267 267 267
25,658 27,973 22,918 25,294 28,264 30,861 25,321 28,058 31,456

4,085 4,085 4,085 4,085 4,085 4,085 4,085 4,085 4,085

3,397 3,397 3,397 3,397 3,397 3,397 3,397 3,397 3,397
378 378 378 378 378 378 378 378 378
2,801 2,932 3,017 3,116 3,215 3,355 3,445 3,549 3,655
4,327 4,327 4,327 4,327 4,327 4,327 4,327 4,327 4,327
14,988 15,119 15,204 15,303 15,402 15,542 15,632 15,736 15,842
40,647 43,092 38,123 40,596 43,666 46,403 40,953 43,794 47,298

11,778 13,143 8,621 11,822 13,151 14,644 9,591 13,135 14,594

494 494 494 494 494 494 494 494 494
376 376 376 376 376 376 376 376 376
199 199 199 199 199 199 199 199 199
115 115 115 115 115 115 115 115 115
0 0 0 0 0 0 0 0 0
50 50 50 50 50 50 50 50 50
41 41 41 41 41 41 41 41 41
0 0 0 0 0 0 0 0 0
440 440 440 440 440 440 440 440 440
3,919 4,715 4,027 3,031 4,376 5,254 4,480 3,368 4,857
17,413 19,574 14,363 16,568 19,243 21,613 15,787 18,218 21,166

6,417 6,417 6,417 6,417 6,417 6,417 6,417 6,417 6,417

101 101 101 101 101 101 101 101 101
0 0 0 0 0 0 0 0 0
1,112 1,112 1,112 1,112 1,112 1,112 1,112 1,112 1,112
231 231 231 231 231 231 231 231 231
3,069 3,069 3,069 3,069 3,069 3,069 3,069 3,069 3,069
830 830 830 830 830 830 830 830 830
11,760 11,760 11,760 11,760 11,760 11,760 11,760 11,760 11,760

29,173 31,334 26,123 28,328 31,003 33,373 27,547 29,979 32,927

0 0 0 0 0 0 0 0 0
11,474 11,757 11,999 12,268 12,663 13,029 13,405 13,815 14,371

40,647 43,092 38,123 40,596 43,666 46,403 40,953 43,794 47,298

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

3,397 3,397 3,397 3,397 3,397 3,397 3,397 3,397 3,397

440 440 440 440 440 440 440 440 440
3,069 3,069 3,069 3,069 3,069 3,069 3,069 3,069 3,069
3,509 3,509 3,509 3,509 3,509 3,509 3,509 3,509 3,509

10,421 10,421 10,421 10,421 10,421 10,421 10,421 10,421 10,421

4,342 4,746 1,727 1,982 4,969 5,467 2,236 2,621 6,063

6,078 5,675 8,694 8,439 5,451 4,954 8,185 7,800 4,357

1.8X 1.6X 2.3X 2.1X 1.3X 1.1X 1.8X 1.6X 0.8X

9,720 9,308 14,366 12,469 9,542 9,027 14,538 12,309 8,931

2.9X 2.6X 3.8X 3.1X 2.3X 2.0X 3.1X 2.5X 1.7X
 6,912 6,912 6,912 6,912 6,912 6,912 6,912 6,912 6,912
4,342 4,746 1,727 1,982 4,969 5,467 2,236 2,621 6,063
2,569 2,166 5,185 4,930 1,942 1,444 4,675 4,290 848
0.8X 0.6X 1.4X 1.2X 0.5X 0.3X 1.0X 0.9X 0.2X
6,210 5,799 10,856 8,960 6,033 5,518 11,029 8,800 5,421
2.9X 2.6X 3.8X 3.1X 2.3X 2.0X 3.1X 2.5X 1.7X

6,912 6,912 6,912 6,912 6,912 6,912 6,912 6,912 6,912

10,804 12,195 6,950 9,557 12,229 13,821 8,086 11,098 14,179
-3,893 -5,284 -38 -2,646 -5,317 -6,910 -1,175 -4,187 -7,268
915 1,116 904 1,010 1,132 1,364 1,114 1,241 1,393
-1.2X -1.5X 0.0X -0.7X -1.3X -1.6X -0.3X -0.9X -1.4X

1.2X 1.2X 1.4X 1.4X 1.3X 1.3X 1.5X 1.4X 1.3X

3.7X 3.5X 3.5X 3.7X 3.7X 3.5X 3.5X 3.6X 3.6X
1.00X 1.00X 1.00X 1.00X 0.99X 1.00X 1.00X 0.99X 0.99X

75 79 76 79 75 79 76 79 75
48 53 36 51 48 53 36 51 48
104 110 109 104 104 110 109 104 104
32 57 47 30 32 57 47 30 32

121 131 84 112 121 131 84 112 121

40 47 39 29 40 47 39 29 40
5 5 5 5 5 5 5 4 4

+0 +0 +0 +0 +0 +0 +0 +0 +0
+0 +0 +0 +0 +0 +0 +0 +0 +0
+0 +0 +0 +0 +0 +0 +0 +0 +0

58 59 101 71 58 59 101 71 58
+0d +0d +0d +0d +0d +0d +0d +0d +0d

4,489 4,239 7,415 7,330 4,638 4,367 7,884 7,805 4,813

7.6% 6.9% 11.8% 11.4% 7.0% 6.4% 11.2% 10.8% 6.5%
-75bp -70bp -71bp -65bp -60bp -56bp -59bp -54bp -50bp

2,405 250 -3,176 85 2,692 271 -3,518 80 2,992

2,405 250 -3,176 85 2,692 271 -3,518 80 2,992

1,242 800 5,513 2,080 1,050 561 5,809 1,991 848

2.1% 1.3% 8.8% 3.2% 1.6% 0.8% 8.3% 2.8% 1.1%

8,424 9,611 9,271 9,863 9,463 10,777 10,384 11,036 10,580

62 69 65 67 62 69 65 67 62
-3,641 -3,633 -5,672 -4,030 -4,091 -4,074 -6,353 -4,510 -4,573
43% 38% 61% 41% 43% 38% 61% 41% 43%

6,462 7,450 5,223 7,576 7,259 8,354 5,850 8,477 8,116

4,782 5,978 3,599 5,833 5,372 6,703 4,031 6,527 6,006
1,680 1,472 1,624 1,743 1,887 1,651 1,820 1,950 2,110
12 11 11 12 12 11 11 12 12

-350 -338 -364 -360 -325 -323 -355 -366 -339

-121 -117 -114 -107 -103 -103 -103 -103 -103
-131 -123 -153 -152 -121 -120 -153 -159 -133
-35 -35 -34 -39 -38 -37 -37 -41 -40
-63 -63 -63 -63 -63 -63 -63 -63 -63

-121 -117 -114 -107 -103 -103 -103 -103 -103

7.2% 7.0% 6.8% 6.3% 6.1% 6.1% 6.1% 6.1% 6.1%
87% 87% 87% 87% 87% 87% 87% 87% 87%

-131 -123 -153 -152 -121 -120 -153 -159 -133

15.3% 14.2% 13.8% 13.1% 12.5% 12.3% 12.3% 12.3% 12.3%

175% 175% 175% 175% 175% 175% 175% 175% 175%

-63 -63 -63 -63 -63 -63 -63 -63 -63

7.3% 7.3% 7.3% 7.3% 7.3% 7.3% 7.3% 7.3% 7.3%
188% 216% 219% 222% 223% 226% 232% 237% 240%

-35 -35 -34 -39 -38 -37 -37 -41 -40

115 159 110 60 108 159 117 74 132

15.9% 14.8% 14.3% 13.7% 13.0% 12.7% 12.7% 12.7% 12.7%

182% 182% 182% 182% 182% 182% 182% 182% 182%

-235 -178 -253 -300 -217 -164 -238 -292 -207

332 566 241 324 537 798 432 530 777

34.0% 34.0% 34.0% 34.0% 34.0% 34.0% 34.0% 34.0% 34.0%
113 192 82 110 182 271 147 180 264

0 -119 0 0 0 -206 0 0 0
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0

113 73 82 110 182 66 147 180 264

34.0% 12.9% 34.0% 34.0% 34.0% 8.2% 34.0% 34.0% 34.0%

-351 -605
6.82% 6.82% 6.82% 6.82% 6.82% 6.82% 6.82% 6.82% 6.82%

-119 -206
34.0% 34.0% 34.0% 34.0% 34.0% 34.0% 34.0% 34.0% 34.0%

0 -262 0 0 0 -424 0 0 0
0% 48% 0% 0% 0% 54% 0% 0% 0%

0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0

313 319 327 332 338 344 353 358 365

5.1% 5.1% 5.2% 5.2% 5.2% 5.2% 5.2% 5.2% 5.3%

0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
11 52 -1 1 7 39 -1 1 4
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
2 19 0 1 1 14 0 1 1
0 0 0 0 0 0 0 0 0
11 10 9 20 11 11 9 21 12
124 146 145 132 140 164 162 147 156
124 146 112 132 140 164 125 147 156
260 303 265 284 291 338 296 316 324

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

0.1% 0.1% 0.1% 0.2% 0.1% 0.1% 0.1% 0.1% 0.1%
1.0% 1.0% 1.1% 1.0% 1.0% 1.0% 1.1% 1.0% 1.0%
1.0% 1.0% 0.9% 1.0% 1.0% 1.0% 0.9% 1.0% 1.0%
2.1% 2.1% 2.1% 2.2% 2.1% 2.1% 2.1% 2.1% 2.1%

254 546 242 269 395 791 376 410 556

0 0 0 0 0 0 0 0 0
166 172 180 185 191 198 206 212 218
2,405 250 -3,176 85 2,692 271 -3,518 80 2,992
0 0 0 0 0 0 0 0 0
2,825 968 -2,753 539 3,278 1,259 -2,935 701 3,767
 0 0 0 0 0 0 0 0 0
-260 -303 -265 -284 -291 -338 -296 -316 -324
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
-260 -303 -265 -284 -291 -338 -296 -316 -324

0 -262 0 0 0 -424 0 0 0
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
0 -262 0 0 0 -424 0 0 0

2,565 403 -3,019 255 2,988 498 -3,231 385 3,442

1,777 4,342 4,746 1,727 1,982 4,969 5,467 2,236 2,621
4,342 4,746 1,727 1,982 4,969 5,467 2,236 2,621 6,063
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

505 681 431 560 691 899 607 760 922

34% 13% 34% 34% 34% 8% 34% 34% 34%
-172 -88 -147 -191 -235 -74 -206 -258 -313
333 593 285 370 456 825 401 501 608
166 172 180 185 191 198 206 212 218
34 53 83 55 40 58 91 60 43
534 819 548 610 688 1,081 698 773 870
2,405 250 -3,176 85 2,692 271 -3,518 80 2,992
-260 -303 -265 -284 -291 -338 -296 -316 -324
2,145 -53 -3,441 -199 2,402 -67 -3,813 -236 2,668
2,679 766 -2,893 411 3,089 1,014 -3,115 537 3,538
0 0 0 0 0 0 0 0 0
-172 -116 -191 -237 -154 -101 -175 -230 -144
2,507 650 -3,083 174 2,935 913 -3,291 307 3,393
 83 84 85 86

4Q26 1QP 2QP 3QP 4QP

ce cf cg ch

22,098 19,454 19,963 21,161 24,564

+11% +11% +12% +12% +11%
- - - - -

-3,869 -3,417 -3,495 -3,693 -4,277

17.5% 17.6% 17.5% 17.5% 17.4%

18,229 16,037 16,468 17,468 20,287

+11% +12% +12% +12% +11%
29% 23% 23% 25% 29%
- - - - -

-12,897 -11,336 -11,579 -12,274 -14,199

+10% +11% +11% +11% +10%

5,332 4,701 4,888 5,194 6,088

29.3% 29.3% 29.7% 29.7% 30.0%
+64bp +56bp +64bp +71bp +76bp
- - - - -

-3,239 -2,877 -2,944 -3,045 -3,605

17.8% 17.9% 17.9% 17.4% 17.8%
+0bp +0bp +0bp +0bp +0bp

-429 -385 -435 -427 -442

2.4% 2.4% 2.6% 2.4% 2.2%
-19bp -20bp -22bp -21bp -18bp

-3,669 -3,261 -3,380 -3,472 -4,047

+10% +10% +10% +11% +10%
20.1% 20.3% 20.5% 19.9% 20.0%
-19bp -20bp -22bp -21bp -18bp

-371 -381 -385 -390 -396

-4,040 -3,642 -3,764 -3,862 -4,443

22.2% 22.7% 22.9% 22.1% 21.9%
-26bp -28bp -31bp -31bp -26bp

-79 -70 -71 -76 -88

 +11% +12% +12% +12% +11%
0.4% 0.4% 0.4% 0.4% 0.4%
+0bp +0bp +0bp +0bp +0bp

63 99 63 44 64
+8% +9% +6% +3% +2%
0.3% 0.6% 0.4% 0.3% 0.3%
-1bp -1bp -2bp -2bp -3bp

20 -99 21 21 21

1,296 990 1,137 1,321 1,642

1,667 1,370 1,521 1,711 2,038

9.1% 8.5% 9.2% 9.8% 10.0%

1,667 1,370 1,521 1,711 2,038

9.1% 8.5% 9.2% 9.8% 10.0%
+81bp +80bp +83bp +89bp +90bp

1,647 1,470 1,501 1,690 2,017

9.0% 9.2% 9.1% 9.7% 9.9%
+82bp +75bp +84bp +90bp +91bp

1,584 1,370 1,437 1,646 1,953

8.7% 8.5% 8.7% 9.4% 9.6%
+83bp +76bp +86bp +92bp +93bp

-339 -376 -388 -358 -357

1.9% 2.3% 2.4% 2.0% 1.8%
-11bp -13bp -13bp -12bp -10bp

193 150 107 176 247

1.1% 0.9% 0.6% 1.0% 1.2%
+9bp +12bp +15bp +16bp +16bp

-146 -226 -281 -182 -111

0.8% 1.4% 1.7% 1.0% 0.5%
-20bp -25bp -28bp -29bp -26bp
8.8% 16.5% 18.5% 10.6% 5.4%

0 0 0 0 0
1,150 764 856 1,139 1,531
6.3% 4.8% 5.2% 6.5% 7.5%
+108bp +113bp +120bp +127bp +124bp

-129 -226 -269 -372 -220

11.9% 34.0% 34.0% 34.0% 15.0%

0 0 0 0 0
 1,021 538 586 767 1,312
+29% +43% +43% +38% +29%
5.6% 3.4% 3.6% 4.4% 6.5%
+77bp +74bp +78bp +83bp +87bp

1,021 538 586 767 1,312

5.6% 3.4% 3.6% 4.4% 6.5%

0.15 0.08 0.09 0.12 0.20

+29% +43% +43% +38% +29%
6,665.58 6,665.58 6,665.58 6,665.58 6,665.58

0.15 0.08 0.09 0.12 0.20

+29% +43% +43% +38% +29%
6,665.58 6,665.58 6,665.58 6,665.58 6,665.58

-591 -801
25.0% 25.0%

+5.0% +4.5% +4.5% +4.4% +4.0%

+3.0% +3.0% +3.0% +3.0% +3.0%
+16.5% +16.4% +16.5% +16.5% +16.5%
+11.3% +11.4% +11.5% +11.6% +11.2%
+11.4% +11.5% +11.6% +11.8% +11.3%

1,680 1,679 1,681 1,684 1,714

40 -1 2 3 30
917.5 927.5 927.6 928.8 937.3
+3.0% +2.6% +2.6% +2.5% +2.2%
546.2 552.4 551.8 551.5 546.8

1,680 1,679 1,681 1,684 1,714

40 -1 2 3 30

917.5 927.5 927.6 928.8 937.3

+3% +3% +3% +3% +2%

10.9 9.6 9.8 10.4 11.8

+8% +8% +9% +9% +9%

+3.0% +3.0% +3.0% +3.0% +3.0%

+3.0% +3.0% +3.0% +3.0% +3.0%
+8.0% +8.6% +8.7% +8.9% +8.8%
1.6X 1.6X 1.6X 1.6X 1.6X

21,883 19,264 19,769 20,955 24,325

+11% +11% +12% +12% +11%
19,650 17,420 17,744 18,675 21,566
+10% +10% +10% +10% +10%
7,226 5,776 5,770 5,877 7,518
+5% +4% +5% +4% +4%
12,424 11,643 11,974 12,799 14,048
+13% +13% +13% +13% +13%
0 0 0 0 0
2,233 1,845 2,024 2,280 2,759
+23% +23% +24% +24% +24%

-3,680 -3,250 -3,324 -3,512 -4,067

-17% -17% -17% -17% -17%
-3,478 -3,083 -3,141 -3,305 -3,817
-18% -18% -18% -18% -18%
-202 -167 -183 -206 -250
-9% -9% -9% -9% -9%

18,203 16,014 16,445 17,443 20,259

+11% +12% +12% +12% +11%
16,172 14,337 14,604 15,370 17,749
+10% +10% +10% +10% +10%
2,031 1,678 1,841 2,073 2,510
+23% +23% +24% +24% +24%

5,332 4,701 4,888 5,194 6,088

29.3% 29.4% 29.7% 29.8% 30.1%
3,301 3,023 3,047 3,120 3,578
20.4% 21.1% 20.9% 20.3% 20.2%
2,031 1,678 1,841 2,073 2,510
100.0% 100.0% 100.0% 100.0% 100.0%

1,680 1,679 1,681 1,684 1,714

40 -1 2 3 30
917.5 927.5 927.6 928.8 937.3
+3% +3% +3% +3% +2%
+1% +1% +0% +0% +1%

890.5 904.0 904.1 905.9 917.5

27.0 23.6 23.6 22.9 19.7

1,343 1,342 1,343 1,345 1,367

1,314 1,343 1,342 1,343 1,345
29.0 -1.0 1.0 2.0 22.0
0.0 0.0 0.0 0.0 0.0
1,343 1,342 1,343 1,345 1,367
864.5 873.6 873.6 874.6 882.4
650.7 650.7 650.7 650.7 650.7

337 337 338 339 347

326 337 337 338 339
11.0 0.0 1.0 1.0 8.0
0.0 0.0 0.0 0.0 0.0
 337 337 338 339 347
53.0 53.9 54.0 54.2 54.9
160.0 160.0 160.0 160.0 160.0

194 194 194 194 194

1,874 1,873 1,875 1,878 1,908

7,226 5,776 5,770 5,877 7,518

33% 30% 29% 28% 31%
+5% +4% +5% +4% +4%

6,616 5,325 5,270 5,388 6,875

92% 92% 91% 92% 91%
7.7 6.1 6.0 6.2 7.8
+2% +2% +2% +2% +2%
0.8X 0.8X 0.8X 0.8X 0.8X

611 452 500 489 643

8% 8% 9% 8% 9%
11.5 8.4 9.3 9.0 11.7
+2% +2% +2% +2% +2%
0.8X 0.8X 0.8X 0.8X 0.8X
100% 100% 100% 100% 100%

157,244
+16%
15.9%

24,950 21,875 23,273 25,552 29,079

+17% +16% +16% +17% +17%
+36% +36% +36% +36% +36%
77.5% 79.1% 80.1% 81.3% 79.5%

26,741 23,363 24,945 27,472 31,379

+17% +17% +17% +17% +17%
+38% +37% +37% +37% +38%

12,424 11,643 11,974 12,799 14,048

+13% +13% +13% +13% +13%
14,215 13,132 13,646 14,718 16,347
+15% +15% +15% +15% +15%
+28% +29% +29% +28% +28%
+22% +22% +22% +22% +21%

12,526 10,231 11,299 12,753 15,031

+20% +20% +20% +20% +20%
12,526 10,231 11,299 12,753 15,031
+20% +20% +20% +20% +20%
n.a. n.a. n.a. n.a. n.a.
+44% +44% +44% +44% +44%

50% 47% 49% 50% 52%

+175bp -343bp +178bp +136bp +178bp
+145bp +140bp +143bp +146bp +149bp

14,215 13,132 13,646 14,718 16,347

+3% +3% +3% +3% +3%
65% 68% 69% 70% 67%

12,424 11,643 11,974 12,799 14,048

+13% +13% +13% +13% +13%
87% 89% 88% 87% 86%

1,791 1,489 1,672 1,919 2,300

+29% +29% +29% +29% +28%
13% 11% 12% 13% 14%
14.3% 14.6% 14.8% 15.1% 15.3%

2,233 1,845 2,024 2,280 2,759

+23% +23% +24% +24% +24%
1,791 1,489 1,672 1,919 2,300
442 356 352 360 460
7% 7% 7% 7% 7%

215 189 194 206 239

+11.3% +11.4% +11.5% +11.6% +11.2%
1.0% 1.0% 1.0% 1.0% 1.0%
-190 -167 -171 -181 -211
-88.2% -88.2% -88.2% -88.2% -88.2%
25 22 23 24 28
0 0 0 0 0
0.0% 0.0% 0.0% 0.0% 0.0%

-3,239 -2,877 -2,944 -3,045 -3,605

+11% +12% +12% +12% +11%
17.8% 17.9% 17.9% 17.4% 17.8%
+0bp +0bp +0bp +0bp +0bp
 -429 -385 -435 -427 -442
+3% +3% +3% +3% +3%
1.0X 1.0X 1.0X 1.0X 1.0X
2.4% 2.4% 2.6% 2.4% 2.2%
-19bp -20bp -22bp -21bp -18bp

-79 -70 -71 -76 -88

0.4% 0.4% 0.4% 0.4% 0.4%
+0bp +0bp +0bp +0bp +0bp

20 -99 21 21 21
+3% +3% +3% +3% +3%

21,883 19,264 19,769 20,955 24,325

27.0% 27.0% 27.0% 27.0% 27.0%

23,527 20,590 18,546 20,920 24,715

+10% +5% +5% +5% +5%
5,912 5,205 5,341 5,661 6,572
17,614 15,384 13,204 15,257 18,142
+10% +3% +3% +3% +3%
2 1 2 2 2
+3% +3% +3% +3% +3%

27,551 30,595 31,039 28,868 28,346

23,527 20,590 18,546 20,920 24,715
-19,777 -20,018 -20,248 -20,502 -20,793
24.5% 24.5% 24.5% 24.5% 24.5%
-707 -128 -469 -941 -797
30,595 31,039 28,868 28,346 31,471
+9% +6% +4% +3% +3%

2,479 2,753 2,793 2,597 2,550

9.0% 9.0% 9.0% 9.0% 9.0%

692 401 509 746 750

105.0% 18.4% 116.9% 184.9% 106.9%

4,273 4,248 4,718 4,786 4,451

682 597 538 606 716
2.9% 2.9% 2.9% 2.9% 2.9%
-707 -128 -469 -941 -797
4,248 4,718 4,786 4,451 4,371
171% 171% 171% 171% 171%

78 83 80 77 80
0.3% 0.3% 0.3% 0.3% 0.3%

1,296 1,374 1,335 1,275 1,333

+9% +7% +5% +4% +3%
1.5% 1.5% 1.5% 1.5% 1.5%

1,218 1,291 1,255 1,198 1,253

+9% +7% +5% +4% +3%

-447 -474 -461 -440 -460

0.5% 0.5% 0.5% 0.5% 0.5%

770 817 794 758 793

+9% +7% +5% +4% +3%
2.7% 2.7% 2.7% 2.7% 2.7%

739 647 583 657 777

+10% +5% +5% +5% +5%
96.0% 79.2% 73.4% 86.7% 98.0%
3.1% 3.1% 3.1% 3.1% 3.1%

-604 -514 -457 -530 -636

+11% +5% +5% +5% +5%
 906 950 919 886 933
+9% +7% +5% +4% +3%

-739 -651 -749 -767 -766

+9% +7% +5% +4% +4%
36.3% 32.2% 39.1% 39.7% 36.3%

167 298 170 119 167

+7% +9% +5% +1% +0%

-67 -119 -68 -47 -67

-40.0% -40.0% -40.0% -40.0% -40.0%

100 179 102 71 100

+7% +9% +5% +1% +0%

63 99 63 44 64
0.3% 0.5% 0.3% 0.2% 0.3%
50 89 51 36 50
13 10 12 9 14

+2.4% +2.4% +2.4% +2.4% +2.4%

3.0% 3.0% 3.0% 3.0% 3.0%
6.25 6.26 6.28 6.29 6.30
7.00% 7.00% 7.00% 7.00% 7.00%

6,631 3,224 3,787 7,776 8,452

6,414 3,007 3,570 7,558 8,234
217 217 217 217 217
205 205 205 205 205
12 12 12 12 12
9,332 6,532 9,461 9,056 10,409
13,651 13,857 13,543 13,884 15,083
2,887 2,887 2,887 2,887 2,887
1,567 1,567 1,567 1,567 1,567
267 267 267 267 267
34,335 28,334 31,513 35,436 38,665

4,085 4,085 4,085 4,085 4,085

3,397 3,397 3,397 3,397 3,397
378 378 378 378 378
3,806 3,876 3,963 4,054 4,191
4,327 4,327 4,327 4,327 4,327
15,993 16,063 16,150 16,241 16,378
50,328 44,398 47,663 51,677 55,043

16,228 10,621 14,535 16,138 17,931

494 494 494 494 494
376 376 376 376 376
199 199 199 199 199
115 115 115 115 115
0 0 0 0 0
50 50 50 50 50
41 41 41 41 41
0 0 0 0 0
440 440 440 440 440
5,822 4,961 3,727 5,370 6,433
23,766 17,298 19,977 23,224 26,079

6,417 6,417 6,417 6,417 6,417

101 101 101 101 101
0 0 0 0 0
1,112 1,112 1,112 1,112 1,112
231 231 231 231 231
3,069 3,069 3,069 3,069 3,069
830 830 830 830 830
11,760 11,760 11,760 11,760 11,760

35,526 29,058 31,737 34,984 37,839

0 0 0 0 0
14,801 15,339 15,926 16,693 17,204

50,328 44,398 47,663 51,677 55,043

0.00 0.00 0.00 0.00 0.00

3,397 3,397 3,397 3,397 3,397

440 440 440 440 440
3,069 3,069 3,069 3,069 3,069
3,509 3,509 3,509 3,509 3,509

10,421 10,421 10,421 10,421 10,421

6,631 3,224 3,787 7,776 8,452

3,789 7,197 6,633 2,645 1,969

0.7X 1.3X 1.1X 0.4X 0.3X

8,340 14,290 11,666 7,748 7,045

1.5X 2.5X 1.9X 1.2X 1.1X
 6,912 6,912 6,912 6,912 6,912
6,631 3,224 3,787 7,776 8,452
280 3,688 3,124 -864 -1,540
0.1X 0.6X 0.5X -0.1X -0.2X
4,831 10,781 8,157 4,239 3,536
1.5X 2.5X 1.9X 1.2X 1.1X

6,912 6,912 6,912 6,912 6,912

15,963 9,756 13,248 16,831 18,861
-9,051 -2,844 -6,337 -9,920 -11,949
1,667 1,370 1,521 1,711 2,038
-1.7X -0.5X -1.1X -1.6X -1.8X

1.3X 1.5X 1.5X 1.4X 1.3X

3.4X 3.5X 3.6X 3.6X 3.4X
1.00X 0.99X 0.99X 0.99X 0.99X

79 76 79 75 79
53 36 51 48 53
110 109 104 104 110
57 47 30 32 57

131 84 112 121 131

47 39 29 40 47
4 4 4 4 4

+0 +0 +0 +0 +0
+0 +0 +0 +0 +0
+0 +0 +0 +0 +0

59 101 71 58 59
+0d +0d +0d +0d +0d

4,524 8,399 8,335 5,023 4,720

5.9% 10.7% 10.4% 6.1% 5.5%
-46bp -50bp -46bp -41bp -38bp

289 -3,875 64 3,312 303

289 -3,875 64 3,312 303

310 6,123 1,895 633 39

0.4% 7.8% 2.4% 0.8% 0.0%

12,038 11,594 12,318 11,805 13,428

69 65 67 62 69
-4,550 -7,093 -5,033 -5,103 -5,076
38% 61% 41% 43% 38%

9,332 6,532 9,461 9,056 10,409

7,488 4,500 7,284 6,702 8,352
1,844 2,032 2,177 2,354 2,057
11 11 12 12 11

-339 -376 -388 -358 -357

-103 -103 -103 -103 -103
-134 -171 -178 -149 -149
-40 -39 -44 -43 -42
-63 -63 -63 -63 -63

-103 -103 -103 -103 -103

6.1% 6.1% 6.1% 6.1% 6.1%
87% 87% 87% 87% 87%

-134 -171 -178 -149 -149

12.3% 12.3% 12.3% 12.3% 12.3%

175% 175% 175% 175% 175%

-63 -63 -63 -63 -63

7.3% 7.3% 7.3% 7.3% 7.3%
245% 245% 245% 245% 245%

-40 -39 -44 -43 -42

193 150 107 176 247

12.7% 12.7% 12.7% 12.7% 12.7%

182% 182% 182% 182% 182%

-146 -226 -281 -182 -111

1,087 665 792 1,095 1,467

34.0% 34.0% 34.0% 34.0% 34.0%
370 226 269 372 499

-240 0 0 0 -279
0 0 0 0 0
0 0 0 0 0

129 226 269 372 220

11.9% 34.0% 34.0% 34.0% 15.0%

-707 -821
6.82% 6.82% 6.82% 6.82% 6.82%

-240 -279
34.0% 34.0% 34.0% 34.0% 34.0%

-591 0 0 0 -801
58% 0% 0% 0% 61%

0 0 0 0 0
0 0 0 0 0

371 381 385 390 396

5.3% 5.3% 5.3% 5.3% 5.3%

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
29 -1 1 2 22
0 0 0 0 0
0 0 0 0 0
11 0 1 1 8
0 0 0 0 0
11 9 21 12 11
182 166 152 161 188
182 129 152 161 188
375 304 325 334 387

0.0% 0.0% 0.0% 0.0% 0.0%

0.1% 0.1% 0.1% 0.1% 0.1%
1.0% 1.0% 0.9% 0.9% 0.9%
1.0% 0.8% 0.9% 0.9% 0.9%
2.1% 1.9% 2.0% 1.9% 1.9%

1,021 538 586 767 1,312

0 0 0 0 0
225 234 238 244 249
289 -3,875 64 3,312 303
0 0 0 0 0
1,534 -3,103 889 4,322 1,864
 0 0 0 0 0
-375 -304 -325 -334 -387
0 0 0 0 0
0 0 0 0 0
-375 -304 -325 -334 -387

-591 0 0 0 -801
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
-591 0 0 0 -801

568 -3,407 563 3,988 676

6,063 6,631 3,224 3,787 7,776
6,631 3,224 3,787 7,776 8,452
0.00 0.00 0.00 0.00 0.00

1,170 828 1,010 1,214 1,515

12% 34% 34% 34% 15%
-139 -281 -344 -413 -227
1,031 546 667 801 1,288
225 234 238 244 249
63 99 63 44 64
1,319 880 969 1,089 1,602
289 -3,875 64 3,312 303
-375 -304 -325 -334 -387
-87 -4,179 -261 2,978 -84
1,232 -3,300 707 4,067 1,518
0 0 0 0 0
-83 -163 -218 -119 -48
1,149 -3,463 489 3,948 1,470