Margins % of 2008-12 2009-12 2010-12 2011-12 2012-12 2013-12 2014-12 2015-12 2016-12

Sales

Revenue 100 100 100 100 100 100 100 100 100

COGS 39.56 37.39 35.53 34.79 37.31 39.61 38.93 37.56 38.92

Gross Margin 60.44 62.61 64.47 65.21 62.69 60.39 61.07 62.44 61.08

SG&A 17.2 15.44 16.24 19.29 19.43 19.79 21.18 20.25 19.35

R&D 12.82 12.02 12.83 13.62 13.21 12.86 14.9 16.38 15.45

Other — — — — — — — — —

Operating 30.43 35.14 35.4 32.3 30.05 27.74 24.99 25.82 26.27
Margin

Net Int Inc & -3.57 0.29 1.42 0.22 1.38 0.89 1.16 0.39 0.48
Other

EBT Margin 26.86 35.44 36.82 32.52 31.43 28.64 26.15 26.21 26.75

Profitability 2008-12 2009-12 2010-12 2011-12 2012-12 2013-12 2014-12 2015-12 2016-12

Tax Rate % 27.79 22.2 21.22 21 19.41 15.74 19.3 16.81 19.35

Net Margin % 19.39 27.57 29.01 25.69 21.4 21.6 21.88 21.1 21.58

Asset Turnover 0.76 0.65 0.6 0.58 0.6 0.58 0.55 0.54 0.57
(Average)

Return on 14.8 18.05 17.3 14.93 12.91 12.62 11.93 11.36 12.37
Assets %
Financial
Leverage 1.13 1.12 1.25 1.25 1.31 1.27 1.25 1.23 1.2
(Average)

Return on 16.6 20.3 20.68 18.66 16.54 16.25 15.06 14.08 15.02
Equity %

Return on
Invested 15.49 19.74 18.05 15.89 14.66 14.52 13.77 12.82 14.02
Capital %

Interest — — — 213.52 160.36 175.65 171.88 189.95 195.76

Coverage
2017-12 TTM

100 100

41.12 42.59

58.88 57.41

17.83 17.87

15 15.06

— —

26.05 24.48

-1.52 0.35

24.53 24.82

2017-12 TTM

53.44 46.97

11.42 13.16

0.61 0.64

6.94 8.36
 1.29 1.31

8.69 10.51

7.98 9.59

250.48 257.29
Revenue %

Year over Year 31.35 8.51 23.98 29.28 32.37 19.23 10.32 13.62

3-Year Average 52.56 30.65 20.9 20.26 28.49 26.83 20.31 14.33

5-Year Average 71.57 49.29 36.72 29.01 24.77 22.38 22.78 20.66

10-Year Average — — 108.26 83.74 60.6 44.9 35.39 28.44

Operating Income %

Year over Year 30.44 25.34 24.89 13.11 8.67 9.45 18.12 17.36

3-Year Average 48.69 32.79 26.86 20.98 15.36 10.39 12 14.91

5-Year Average 80.89 66.99 38.77 27.03 20.2 16.06 14.69 13.27

10-Year Average — — — 70.76 52.59 44.89 38.39 25.38

Net Income %

Year over Year 0.55 54.26 30.44 14.49 10.27 20.33 11.8 13.18

3-Year Average 42.35 28.44 26.48 32.07 18.09 14.96 14.05 15.04

5-Year Average 109.14 74.84 42.15 25.91 20.63 25.04 17.24 13.96

10-Year Average — — — 106.27 59.68 61.71 43.17 27.28

EPS %

Year over Year 0.15 53.34 28.91 13.11 8.57 18.01 10.15 8.66

3-Year Average 38.41 27.1 25.56 30.76 16.55 13.17 12.17 12.2

5-Year Average 100.58 69.47 39.28 24.52 19.44 23.43 15.53 11.64

10-Year Average — — — 93.71 54.76 57.34 39.92 24.7

20.38 22.8 25.56

14.7 18.87 —

18.95 17.18 —

23.88 20.92 —

22.5 21.78 14.71

19.3 20.53 —

15.1 17.75 —

20.92 18.97 —

19.15 -34.99 —

14.66 -4.29 —

14.87 3.35 —

20.26 11.66 —
21.94 -35.37 -9.38

13.43 -5.04 —

13.33 2.17 —

18.8 10.47
 2008-12 2009-12 2010-12 2011-12 2012-12 2013-12 2014-12 2015-12 2016-12 2017-12

Operating
Cash Flow 0.36 0.19 0.19 0.31 0.14 0.12 0.2 0.16 0.38
Growth %
YOY

Free Cash
Flow Growth 0.63 0.55 -0.17 0.58 -0.75 2.55 -0.34 1.43 0.56
% YOY

Cap Ex as a % 10.82 3.42 13.7 9.07 30.06 15.86 24.01 13.54 12.4
of Sales

Free Cash 25.21 35.97 24.09 29.35 6.03 17.75 9.89 21.17 27.51
Flow/Sales %

Free Cash
Flow/Net 1.3 1.3 0.83 1.14 0.26 0.77 0.46 0.97 1.28
Income
TTM

0.03 —

-0.05 —

12.15 17.92

21.31 15.91

1.87 1.21
Efficiency 2008-12 2009-12 2010-12 2011-12 2012-12 2013-12 2014-12 2015-12

Days Sales 40.23 44.92 46.25 46.6 48.42 51.15 50.5 50.96
Outstanding

Days Inventory — — — — 8.93 6.57 — —

Payables Period 9.74 8.13 12.24 14.82 22.99 31.51 29.61 23.63

Cash Conversion — — — — 34.36 26.21 — —

Cycle

Receivables 9.07 8.13 7.89 7.83 7.54 7.14 7.23 7.16

Turnover

Inventory Turnover — — — — 40.86 55.55 — —

Fixed Assets 4.7 4.69 4.65 4.37 4.68 4.22 3.27 2.84
Turnover

Asset Turnover 0.76 0.65 0.6 0.58 0.6 0.58 0.55 0.54
2016-12 2017-12 TTM

51.94 53.46 45.73

2.78 4.07 3.79

20.63 20.73 20.26

34.1 36.8 29.26

7.03 6.83 7.98

131.11 89.64 96.29

2.85 2.89 2.77

0.57 0.61 0.64