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?th nddunlSprodbvnlue odvestodb cidbress
Nprol 0, :6>0 Lns Qebns, DQ
Ho``ed od Vlnod Sobht
Osnnc Schwnrtz, Zijitto & Cimpndy
www.QnlueOdvestodbCidbress.cim
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QNLUE ODQESPODB CIDBZESS :6>0
Osnnc Schwnrtz, Zijitto & Cimpndy N`vosirs LLC
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@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 aorms odvestmedt pholisiphy nd` shnll dit je cidso`ere`
odvestmedt n`voce ir n recimmed`ntoid ir 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` ndyipodoids 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, irstrnteboes 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.
:
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BEM OD GN[NGHSPND
HNL_G SNQODBS JNDG
QO C :6>3 ZE@UX
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Gnznghstnds Renlth
0Siurce; US EON, Zijitto & Ci n`kustmedts, Rirl` Jndg, Jliimjerb
6
56
>66
>56
:66
6
066
866
>,:66
>,166
>??: >??0 >??1 >??8 :666 :66: :660 :661 :668 :6>6 :6>:
US@ JolloidPhiusnd` Jnrrels / @ny
iol pri`uctoid
b`p
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6
566
>,666
>,566
:,666
:,566
:66: :660 :661 :668 :6>6 :6>: :6>0
Od`ex Vroce
Gnzngh Mnod Equoty Od`ex
5
Up :,566%
stoll, up jy ?66% iver n `ized yenrs
Siurce; Jliimjerb
@iwd 26%
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7/281Siurce; Dntoidnl Jndg ia Gnznghstnd
Gnzngh Jndgodb System
6
0
8
>:
>??8 :666 :66: :660 :661 :668 :6>6 :6>: :6>0
G[P trolloid
linds
`episots
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Gnzngimmertsjndg OVI
VJ 5.3
Hnlyg Jndg OVI
VJ 1.:
Juyer; Giigmod Jndg
Seller; CedterCre`ot
VJ 3.>
Juyer; UdoCre`ot
Seller; NPA
VJ 3.5
Juyer; GDB
Seller; NPA
VJ >.6
Juyer; GGJ
Seller; JPN
VJ 6.5 Juyer; HnlygSeller; HSJC GnzVJ >.6
Siurce; cimpndy press relenses, Zijitto & Ci. n`kustmedts
Pomelode ia Gnzngh Jndgs
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6
>6
:6
36
:662 :668 :66? :6>6 :6>> :6>: :6>3 :6>0
US@
Vroce id 3/3>/>0 $ 8.36
Shnres :28 VE 0.?Mnrget Cnp :,362 VJ >.6
_oel` 3.5%
Pitnl Nssets >1,:1> ZIE :6.2%
Equoty :,:?5 ZIN :.?%
Det Odcime (PPM) 025
od US@ molloid
Siurce; Jliimjerb
Hnlyg Snvodbs Jndg (LSE; HSJG)
proce
jiig
HnlygsSticg Vroce vs. Jiig Qnlue Ver Shnre
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Ecidimoc Briwth nd` Jndgodb Vedetrntoid
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ID PHE BZIUD@ ALIIZIA BLIJNL BZIRPH
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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-anvirmnrgets, nt `osciudt ti peers
Re thodg the sticg cnd `iujle od aove yenrs
>>
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PnrgettPhe Ultomnte Aliirodb Experoedce
>:
Pocger PGPP
Exchndbe Euridext-Vnros
Vroce (nt 3/3>/>0) :5.22
Shnres iut 10
Mnrget Cnp >,10>
EQ :,>0>
Zevedues :,5>1
Det Odcime >66VE >1
ZICE >8% Pnrgett Shnrehil`ers
@ecidodcg anmoly 56%
GGZ ::%
Mndnbemedt :%
Strnteboc Shnrehil`ers 20%
Alint :1%
od EUZ molloid
Siurce; Jliimjerb
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PnrgettsShnre sodce Divemjer :6>3 OVI
>3Siurce; JobChnrts.cim
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Arim Aliir ti Shododb Aliir
>0Siurce; Pnrgett :6>3 results presedtntoid
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Ove 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
>5
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Aliirs-eye Qoew
>1
od US@, ttm Mnrget Cnp EQ* Zevedues EJOP@N Det Odcime EQ/EJOP@N VE
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 >:> 08 >6.: :1.?
Nvernbe >>.0 :3.>
Pnrgett :,>85 :,?53 3,018 0:2 >38 1.? >5.8
@osciudt (3?.3%) (3>.5%)
Siurce; Jliimjerb, Zijitto & Ci. n`kustmedts
*Edterprose vnlue odclu`es det pedsoid lonjolotoes
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PnrgettsViweraul Visotoid od Zusson
Pwi-thor`s shnre od mist pipulnr cntebiry, vodyl
Vroce len`er
Jnrroers ti edtry
Rirl`s lnrbest vodyl anctiry (8x clisest cimpetotir)
@ecn`e ti juol` `ostrojutoid nd` jrnd`
>2
85% himeiwdershop
woth twi-thor`s od dee`ia sujstndtonl redivntoid
Siurce; Pnrgett mndnbemedt cimmedts
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Phe Bii` Loae
>8
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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
:6
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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
:>Siurce; Pnrgett prispectus
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Buo`e ti Dnysnyodb
Zusson/COS os n triujle` reboid `eservodb n liw multople
USN cimmerconl recivery `ostndt
Spirts os n jn` jusodesskust liig nt the lnst `ecn`e
::
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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
Omprivemedt od Spirts Surances
:3
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PnrgettsVitedtonl
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
:0Siurce; Zijitto & Ci. prikectoids, Pnrgett prispectus
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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
:5
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@osclisure; Iwdershop Odairmntoid
@osclisuresHnlyg 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
Cimpndoes hnve jeed chised silely ns n cnse stu`y ti ollustrnte the odvestmedt pricess nd` npprinch ia Zijitto &
Cimpndy N`vosirs, LLC. Phos odairmntoid shiul` dit je odterprete` ns n perairmndce recir` ir ns nd od`ocntoid
ia auture perairmndce results.
:1
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Zijitto & Cimpndy N`vosirs, LLC
1 Enst 03r`Street
:3r`AliirDew _irg, D_ >66>2
Air mire odai, cidtnct Susnd Gnplnd
nt +>-101-00:-12:?
sgnplndFrijitto.cim
www.rijitto.cim
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