Sectorfocused news data and essential business intelligence SNL

Sector-focused news, data and essential business intelligence.

SNL: the single best source for financial information worldwide. § Foremost authority in the critical business sectors we cover § Data, news, analytics § Relied upon by leading investors and corporate decision makers for: – Selecting stocks – Planning mergers – Mapping competitive strategies 2

Our difference: Depth & breadth of coverage in each sector. Banks & Thrifts Real Estate Financial Services Energy Insurance Media & Communications Coverage includes 40% of the U. S. market with a growing international focus 3

One template doesn’t fit all. Only SNL standardizes data in each industry’s own terms. Banks & Thrifts Real Estate Financial Services Energy Insurance Media & Communications § SNL’s standardized templates use each industry’s fields and performance metrics § Balance sheet and income statement ratios are recalculated accordingly § Result: Relevant comparisons made easy 4

A single source for more comprehensive data than available from generalist providers. § A single platform eliminates tedious task of extracting data from multiple sources § Advanced analytical tools help you make better decisions 5

Broad coverage and an extensive client base. § 3, 300+ public companies covered § 50, 000+ private companies covered § 4, 000+ client companies § 20, 000+ active users § 75% of the top 100 investors in each covered sector are SNL clients § SNL is addictive: The average client accesses SNL over 600 times each month § 93% subscription renewal rate reflects client satisfaction 6

The four core tenets of SNL. 1 Accuracy 2 Relevance 3 Completeness 4 Timeliness 7

1 Accuracy Our clients place tremendous trust in our data. Our QC systems ensure that we earn this trust. § Compiled by sector experts, carefully scrubbed § Rigorous quality control and fast turnaround § The SNL Information Guarantee: Find an error, receive a reward! 8

1 Accuracy § Walking our talk: “Data Challenge” program offers subscribers $50 reward for finding an error § Obsession with data quality and accuracy is part of the SNL culture. 9

1 Accuracy means you can trust SNL data for critical decisions. Mission-Critical Data When inaccuracy is not an option: client recommendations, modifying portfolios, running your business, structuring mergers. SNL Merger Model Evaluate M&A transactions the smart way. Drag and drop to create deals. Buyer + target = deal. Example: Energy load forecasts 10

1 Accuracy Accurate SNLxl updates: refresh your models instantly from our database. You can be sure they’re correct. Accuracy is guaranteed. Example: REIT portfolio values and exposure based on $ values of individual holdings 11

2 Relevance The granularity you require for meaningful analysis in specific sectors or sub-sectors. 12

2 Relevance SNL Mapping: Easily convert data into sector-specific geographical overviews for planning and presentation. § Map against competitors and demographics § Banking: Map competitive branch locations to guide M&A § Real estate: Map properties § Energy: Map plant locations 13

2 Relevance SNL standardizes and analyzes data in an industry's own language, format and fields. SNL Analytics: Exposure SNLxl: Peer Evaluation Industry-specific exposure reports based on positions held or industry risk criteria. Peer comparison made simple. Refresh your reports on command, with new data in real-time. Example: Real Estate Example: Banking 14

3 Completeness The broadest possible spectrum of information, easily molded to your objectives. 15

3 Completeness We have information others don’t, updated 24/7. 16

3 Completeness Briefing Books § Point-and-click menus build corporate summaries of investment banker quality § In 2 minutes: Presentation-ready “pitch book” with in-depth data § For M&A profiles: Choose reports on deal pricing, financials, related news 17

3 Completeness Ownership: Peer comparison Compare the ownership profile of a company against its peers. Example: Real Estate M&A Briefing Book Create multi-page profiles of M&A transactions. Example: Banking 18

4 Timeliness The latest news and the most current data. Link your proprietary models for automatic updates. 19

4 Timeliness § § Data is scrubbed, approved and published in the industry's fastest cycle time 30, 000 securities filings processed quarterly in under 8 hours Extensive range of daily, weekly and monthly newsletters with proprietary content News is linked to SNL’s vast databases 20

4 Timeliness SNL integrates news, data and analytics in real time. SNL News: My Home Fast and easy access to complete news coverage form more than 50 reporters and editors. SNLxl: Real-Time Updates Click and refresh your models in seconds. You have 24/7 online access to all SNL data. 21

SNL Continuously adding value Content upgrades, coverage of new sectors, and global expansion keep SNL at the forefront § New products and upgrades. Statutory Insurance Data § New sectors: Media & Communications (SNL Kagan) § Global expansion: Europe/Asia-Pacific Real Estate 22

Statutory Insurance Data: immense, overwhelming dataset made simple the SNL way. § Landmark agreement with National Association of Insurance Commissioners (NAIC) to publish stat data in improved form § Instant access to key ratios, group & ratings data, Schedule P analysis, reinsurance relationships, loss triangles, investment portfolio analysis, market share and more § The missing link for analyzing nationwide insurance companies from top to bottom § All included in SNL subscription at no extra charge 23

SNL Kagan: First single source for in-depth analysis and quantitative data on Media & Communications. Cable Wireless TV Networks Filmed Entertainment Broadcast International Multichannel 24

SNL Kagan : Exclusive data not available anywhere else. Easy to access, online. § Proprietary data, forecasts and studies provide the recognized benchmarks by which investors measure the performance and value of media companies § Operational and financial data on private companies (such as cable MSO’s) compiled by industry experts who also do valuations and M&A deal appraisals § News, data and analysis available online, linked and updated 24/7 25

SNL global real estate: bridging currency, cultural, and regulatory reporting differences § The first central online database for global real estate data § Standardized templates broad enough to encompass all the differences while allowing applesto-apples comparisons § Instantly convert any screen or report into the currency of your choice § News and analysis 26

SNL Real Estate - Europe /Asia-Pacific: Drive Your real estate investment strategy across the board § Coverage of over 200 companies in more than 20 countries across Europe and the Asia-Pacific region § Run performance comparisons for multiple companies in multiple countries, from Osaka to Oslo § Peer-to-peer data is truly comparable § Customize your models with SNLxl and update them automatically § Data you can trust: SNL’s hallmark accuracy, relevance and timeliness 27

SNL IR Solutions If you are an SNL-covered company, our online IR solution gives you a unique perspective. An investor relations Web site enriched with sector-specific data, documents and other SNL exclusives for one flat fee. 28

SNL IR Solutions Smart. IR provides public companies with everything they need to manage investor relations from one source. IR Web Site Management SNL builds & manages your IR Web site, automatically posting key updates, sectorspecific data and other exclusives. Conference Calls & Webcasting Use SNL's best-in-class technology for all your investor communications, low cost guaranteed. Press Releases via Business. Wire Simultaneous disclosure to media, investors, analysts and regulatory authorities right from your IR Console. 29

SNL Other products and services: Reference books, custom research, training. § Data publications: Authoritative desk references per sector § Specialized reports and performance graphs § § 30

SNL Support Talk to an expert SNL experts help you harness the power of SNL, maximize the ROI on your SNL subscription. § SNL customer support advisers: experts in finance, your sector, and the SNL system. § Show you how to build pitch books, customize SNLxl templates, make SNL work for you § Help you use SNL to gain a competitive edge § 888. 275. 2822; support@snl. com 31

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