?th nddunl Sprodb vnlue odvestodb cidbress •
Nprol 0, :6>0 • Lns Qebns, DQ Ho``ed od Vlnod Sobht Osnnc Schwnrtz, Zijitto & Cimpndy
QNLUE ODQESPODB ODQESPOD B CIDBZESS :6>0 Osnnc Schwnrtz, Zijitto & Cimpndy N`vosirs LLC
@osclnomer Phe Aorm os dit privo`odb odvestmedt n`voce thriubh thos mnteronl. Phos presedtntoid os privo`e` air odairmntoidnl purpise ns nd ollustrntoid ia the aorm‟s odvestmedt pholisiphy nd` shnll dit je cidso`ere` odvestmedt n`voce ir n recimmed`ntoid ir silocotntoid silocotntoid ti juy ir sell ndy securotoes `oscusse` hereod. Ns ia the `nte ia thos presedtntoid the aorm cidtodues ti iwd the securotoes `oscusse` hereod. Phese ipodoids nre dit odted`e` ti je n airecnst ia auture evedts, n bunrndtee ia auture results, ir odvestmedt n`voce. Vnst perairmndce os dit od`ocntove ia auture results, nd` di represedtntoid ir wnrrndty, express ir omploe`, os mn`e rebnr`odb auture perairmndce.
Zijitto & Cimpndy N`vosirs, LLC ir ots naaolontes mny edbnbe od securotoes trndsnctoids thnt nre odcidsostedt woth thos cimmudocntoid nd` mny hnve lidb ir shirt pisotoids od such securotoes. Phe odairmntoid nd` ndy ipodoids cidtnode` hereod nre ns ia the `nte ia thos mnteronl nd` the aorm `ies dit ud`ertnge ndy ijlobntoid ti up`nte them. Odairmntoid cidtnode` od thos presedtntoid hns jeed ijtnode` arim siurces whoch we jeloeve ti je relonjle jut we `i dit mnge ndy represedtntoid ns ti ots nccurncy ir ots cimpletedess nd` ot shiul` dit je reloe` id ns such.
Phos mnteronl `ies dit tnge odti ncciudt od`ovo`unl cloedt corcumstndces nd` os dit odted`e` ns n recimmed`ntoid ti ndy persid whi os dit n cloedt ia the aorm. Securotoes, aodndconl odstrumedts, pri`ucts, ir strnteboes medtoide` od thos mnteronl mny dit je suotnjle air nll odvestirs. Zijitto & Cimpndy N`vosirs, LLC `ies dit privo`e tnx n`voce. Odvestirs shiul` seeg tnx n`voce jnse` id theor pnrtoculnr corcumstndces arim nd od`eped`edt tnx n`vosir.
BEM OD O D GN[NGHSP GN[N GHSPND ND
HNL_G SNQODBS JNDG QO C :6 :6>3 ZE@ U X
Gnznghstnd‟s Renlth Phiusnd` Jnrrels / @ny
US@ Jolloid
>,166
:66
>,:66
>56
iol pri`uctoid
866
>66
b`p 066
56
6
6 >??:
>??0
>??1
>??8
:666
:66:
:660
:661
:668
:6>6
:6>:
Gnzngh Mnod Equoty Od`ex Od`ex Vroce :,566
@iwd 26% Up :,566%
:,666
>,566
>,666
566
…stoll, up jy ?66% iver n `ized yenrs 6 :66:
:660
:661
:668
:6>6
:6>:
:6>0
Gnzngh Jndgodb System G[P trolloid >:
8
`episots linds
0
6 >??8
:666
:66:
:660
:661
:668
:6>6
:6>:
:6>0
Pomelode ia Gnzngh Jndgs Hnlyg Jndg OVI
VJ 1.:
Juyer; GDB Seller; NPA
Juyer; UdoCre`ot Seller; NPA
VJ >.6
VJ 3.5 Juyer; GGJ Seller; JPN Gnzngimmertsjndg OVI Juyer; Giigmod Jndg Seller; CedterCre`ot CedterCre`ot
VJ 5.3
VJ 3.>
VJ 6.5
Juyer; Hnlyg Seller; HSJC Gnz
VJ >.6
Hnlyg Snvodbs Jndg (LSE; HSJG) Vroce id 3/3>/>0 Shnres Mnrget Cnp
$
Pitnl Nssets Equoty Det Odcime (PPM)
8.36 :28 :,362
VE VJ _oel` ZIE ZIN
>1,:1> :,:?5 025
0.? >.6 3.5% :6.2% :.?%
od US@ molloid
US@
Jii g Qnlue Ver Shnre Hnlyg‟s Sticg Vroce vs. Jiig
36
proce :6
jiig >6
6 :662
:668
:66?
:6>6
:6>>
:6>:
:6>3
:6>0
Ecidimoc Briwth nd` Jndgodb Vedetrntoid
ID PHE BZIUD@ ALIIZ IA BLIJNL BZIR BZIRPH PH
Odvestmedt Hobhlobhts @evelipe`-mnrget cimpndy sellodb ti emerbodb mnrgets
Anmoly-iwde` woth hostiry ia smnrt cnpotnl nllicntoid
Blijnl len`er od nd od`ustry woth bii` ecidimocs, briwth
Iverliige`, od iut-ia-anvir mnrgets, nt `osciudt ti peers
Re thodg the sticg cnd `iujle od aove yenrs
Pnrgett – Pnrgett – Phe Phe Ultomnte Aliirodb Experoedce Pocger Exchndbe Vroce (nt 3/3>/>0) Shnres iut
PGPP Euridext-Vnros :5.22 10
Mnrget Cnp
>,10>
EQ
:,>0>
Zevedues
:,5>1
Det Odcime VE ZICE od EUZ molloid
>66 >1 >8%
Pnrgett Shnrehil`ers @ecidodcg anmoly GGZ Mndnbemedt Strnteboc Shnrehil`ers Shnrehil`ers
56% ::% :% 20%
Alint
:1%
Pnrgett‟s Shnre Pnrgett‟s Shnre sodce Divemjer :6>3 OVI
Arim Aliir ti Shododb Aliir
O‟ve Bit Aliirodb Ud`er My Sgod •
Blijnlly cidsilo`nte` ┆ Sebmedtntoid thriubh culturnl, clomntoc `oaaeredces
•
Liw proce elnstocoty ┆ @eceddonl purchnse ┆ Cidtrnctirs mu``y proces
•
Sobdoaocndt `emnd` od Zusson nd` emerbodb mnrgets
Aliir‟s-eye Aliir‟s -eye Qoew
od US@, ttm
Mnrget Cnp
EQ*
Zevedues
EJOP@N EJOP@N Det Odcime EQ/EJOP@N
Mihnwg
?,2?1
>:,626
2,18?
>,630
023
>>.2
:6.2
Airji
:,0>>
:,>??
>,352
>?5
>:5
>>.3
>?.3
K Hnlsten`
>,6>?
?11
31:
2:
5>
>3.5
:6.6
Nrmstridb
:,82:
3,8:3
:,2:6
32>
>6>
>6.3
:8.0
Odterance
>,:??
>,:32
?16
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08
>6.:
:1.?
>>.0
:3.>
1.?
>5.8
(3?.3%)
(3>.5%)
Nvernbe
Pnrgett
:,>85
:,?53
@osciudt *Edterprose vnlue odclu`es det pedsoid lonjolotoes
3,018
0:2
>38
VE
Pnrgett‟s Viweraul Pnrgett‟s Viweraul Visotoid od Zusson •
Pwi-thor`s shnre od mist pipulnr cntebiry, vodyl
•
Vroce len`er 85% himeiwdershop – woth twi-thor`s “od dee` ia sujstndtonl redivntoid”
•
Jnrroers ti edtry ┆ Rirl`‟s lnrbest lnrbest vodyl anctiry (8x (8x clisest cimpetotir) ┆ @ecn`e ti juol` `ostrojutoid nd` jrnd`
Phe Bii` Loae
Ndtocopnte` Mnrbod Omprivemedt •
Zille`-up twelve cimpndoes, :66?-:6>3 ┆ Mndnbemedt primite` arim ncquorees
•
“Rirl` Clnss Mnduancturodb”
•
N``ressodb mnrbods vs. cimpetotirs ┆ Scnle odcrense
┆ Idbiodb odtebrntoid, mive ti liw-cist nrens ┆ Licnloze` mnduancturodb
Dirth Nmerocn; Oa Phese Aliirs Ciul` Pnlg •
Mistly reso`edtonl udtol :6>:
•
Pnd`us ┆ Cillods & Nogmnd von Ingtree Cnpotnl
┆ Aove yenrs ia mnrget shnre bnods ┆ Expisure ti cimmerconl ┆ Sobdoaocndt scnle nd` criss-sellodb
Spirts Surances nd` Ither Vrispects •
Spirts; hobhly cidsilo`nte` ┆ 56% mnrget shnre od certnod pri`ucts ┆ Pwi recedt ncquosotoids jy Jergshore Hnthnwny Shnw ┆ Zejiud` arim recessoidnry ud`erodvestmedt
•
Nson nd` Lntod Nmerocn
•
Cedtrnl Euripe
Buo`e ti Dnysnyodb •
Zusson/COS os n triujle` reboid `eservodb n liw multople
•
USN cimmerconl recivery `ostndt
•
Spirts os n jn` jusodess – kust liig nt the lnst `ecn`e
Iur Qoew •
Zussond briwth cnd cidtodue ┆ Scnle, jrnd`odb juolt iver n `ecn`e ┆ Lits ia il` hiuses dee` reaurjoshmedt ┆ N did-`oscretoidnry purchnse
•
Dirth Nmerocn ┆ Ippirtudostoc ncquosotoid
┆ Cimmerconl mnrget hns yet ti reciver
Pnrgett‟s Vitedtonl Pnrgett‟s Vitedtonl •
Multople pnths ti 56% EJOP@N briwth od aove yenrs ┆ Sustnodnjle vilume, proce odcrenses od Zusson ┆ Mnrbod omprivemedt, od`ustry recivery od US ┆ Upso`e iptoidnloty thriubh spirts, Euripe, Nson
•
Anmoly `o` dit sell od OVI, jiubht n``otoidnl € ? mol wirth
•
Sells nt 35-06% `osciudt ti peers
Njiut Zijitto & Cimpndy N`vosirs, LLC •
•
•
•
Estnjloshe` od >?83 jy Zijert Zijitto
Re mndnbe mire thnd $266 molloid ia equotoes od sepnrnte ncciudts nd` pnrtdershops id jehnla ia odstotutoids nd` od`ovo`unls
Re nre lidb-term odvestirs od jusodesses nd` nre cidstotutoidnlly ncclomntoze` ti jeodb cidtrnrond
Re nre jnse` od Dew _irg nd` trnvel extedsovely, especonlly thriubhiut the Dirtherd Hemosphere
@osclisure; Iwdershop Odairmntoid
Hnlyg Snvodbs Jndg (HSJG LO)
Pnrgett SN (PGPP AV)
Osnnc Schwnrtz nd`/ir memjers ia hos hiusehil` hnve n aodndconl odterest od the ailliwodb securotoes
_es
_es
Zijitto ir ots naaolontes jedeaoconlly iwd cimmid equoty ia the ailliwodb securotoes
_es
_es
Zijitto ir ots naaolontes jedeaoconlly iwd >% ir mire ia ndy clnss ia cimmid equoty ia the ailliwodb securotoes
Di
Di
Osnnc Schwnrtz serves ns n @orectir ir Iaaocer ir N`vosiry Jinr` Memjer ia the ailliwodb securotoes
Di
Di
@osclisures
Cimpndoes hnve jeed chised silely ns n cnse stu`y ti o llustrnte the odvestmedt pricess nd` npprinch ia Zijitto & Cimpndy N`vosirs, LLC. LLC. Phos odairmntoid shiul` dit je odterprete` ns n perairmndce perairmndce recir` ir ns nd od`ocntoid ia auture perairmndce results.
Zijitto & Cimpndy N`vosirs, LLC 1 Enst 03r` Street :3r` Aliir Dew _irg, _irg, D_ >66>2
Air mire odai, cidtnct Susnd Gnplnd nt +>-101-00:-12:? sgnplndFrijitto.cim
