2015 2016630 21 2002142015 2007 2015 201562016 2017 2013 488.92014597.82015 802.82015630301.4 2016630390.1201320142015 39.95.729.120152016 63047.712.2 20132014201520152016630 EBITDA125.1117.2173.820.4 80.8 1
20152002 2016 63023 2016630 72,08452071 21 201320142015 20152016630635,744752,9191,046,464 392,808509,131 20156 2016630 1,9782024 2017 2017 2018 20162017 2016 10 2
2013201420152016630 8.8%9.4%10.4%9.5% 35.8%34.2%35.5%34.3% 5% (i)(ii) 2013201420152016630 4.0%3.7%3.9%4.4% 1.1%1.1%1.5%1.8% 5% 3
1231 630 2013 2014 2015 2015 2016.................... 16,438 16,814 18,045 9,054 9,046...... 520 520 520 520 520 (1). 10,291 11,608 11,538 11,260 11,949............ 11.1 11.2 10.8 10.7 10.5................ 4,804 5,240 5,252 2,551 2,495 (2)................. 97.1% 99.8% 102.9% 103.7% 101.5%.................... 258,939 254,919 268,017 130,711 139,187 (3). 225.1 249.6 260.3 258.5 262.2 (1) (2) 36520152016630 20157212016223201671 (3) 1231 630 2013 2014 2015 2015 2016 (1). 217,667 272,435 417,306 127,856 195,545................ 4,887 6,098 7,766 4,329 4,850.................... 537,625 626,651 851,644 294,669 415,937 (2)......... 404.9 434.7 490.0 433.9 470.9.. 43,844 65,869 104,398 37,136 47,671................ 98,119 126,268 194,820 71,459 93,194 (3)......... 446.8 521.7 535.9 519.7 511.5 (1) 201320142015201520166300.17 0.600.30 (2) (3) 4
5
1231 630 2013 2014 2015 2015 2016....................... 488,919 597,750 802,796 301,373 390,050.................... (323,922) (408,808) (522,753) (239,684) (278,546)....................... 164,997 188,942 280,043 61,689 111,504.......... (27,967) (42,507) (67,613) (24,865) (30,272).................... (70,894) (116,882) (151,628) (79,890) (76,944) (1).................. 5,324 6,594 13,294 1,307 4,095.................... (69) (2,924) (811) (148) (272)............ 71,391 33,223 73,285 (41,907) 8,111.................... (22,908) (26,210) (22,477) (13,529) (10,157).................... 414 914 731 354 620................ (22,494) (25,296) (21,746) (13,175) (9,537) (2)....... (69) (1,994) (1,952) (1,042) (836)...... 48,828 5,933 49,587 (56,124) (2,262).................. (8,974) (265) (20,471) 8,377 (9,897)...... 39,854 5,668 29,116 (47,747) (12,159).............. 36,520 8,319 28,982 (47,029) (10,802)................ 3,334 (2,651) 134 (718) (1,357)...... 39,854 5,668 29,116 (47,747) (12,159) (1) 20132014201520152016630 4.44.87.10.22.0 (2) 60% 201339.920145.7 (i) (ii) (iii)201420152016 6
63047.712.2 (i) (ii) 1231 630 2013 2014 2015 2015 2016 % % % % %.............. 227,460 46.5% 258,794 43.3% 297,695 37.1% 144,380 47.9% 155,869 40.0%.............. 261,628 53.5% 338,956 56.7% 525,435 (1) 65.5% 166,172 55.1% 245,771 (3) 63.0% (2).............. (169) 0.0% (20,334) (2.5)% (9,179) (3.0)% (11,590) (3.0)%................. 488,919 100.0% 597,750 100.0% 802,796 100.0% 301,373 100.0% 390,050 100.0% (1) 0.6 (2) (4)(6) (3) 0.9 1231 630 2013 2014 2015 2015 2016 % % % % %.......... 100,068 44.0% 114,021 44.1% 121,362 43.7% 59,850 44.3% 62,131 43.0%.......... 69,101 30.4% 81,157 31.3% 86,843 31.2% 42,102 31.1% 45,960 31.8%.......... 30,814 13.5% 34,043 13.2% 35,480 12.8% 17,439 12.9% 17,588 12.2%.......... 27,477 12.1% 29,573 11.4% 34,280 12.3% 15,810 11.7% 18,901 13.0% (4)................ 227,460 100.0% 258,794 100.0% 277,965 100.0% 135,201 100.0% 144,580 100.0% 7
(4) 20132014201520152016630 19.739.1811.29 1231 630 2013 2014 2015 2015 2016 % % %.............. 261,342 100.0% 338,304 99.8% 521,100 (5) 99.3% 164,992 99.3% 242,914 (5) 99.0%............ 217,498 83.2% 272,435 80.4% 416,702 79.4% 127,856 76.9% 195,243 79.4%............ 43,844 16.8% 65,869 19.4% 104,398 19.9% 37,136 22.3% 47,671 19.6%................. 117 0.0% 652 0.2% 3,731 0.7% 1,180 0.7% 2,555 1.0% (6)................ 261,459 100.0% 338,956 100.0% 524,831 100.0% 166,172 100.0% 245,469 100.0% % % (5) (6) 201320142015201520166300.17 0.600.30 1231 630 2013 2014 2015 2015 2016.......... 68,140 30.0% 80,343 31.0% 90,234 30.3% 41,857 29.0% 45,846 29.4%.............. 96,857 37.0% 108,599 32.0% 189,809 36.1% 19,832 11.9% 65,658 26.7%................. 164,997 33.7% 188,942 31.6% 280,043 34.9% 61,689 20.5% 111,504 28.6% 201337.0%201432.0%2015 36.1%201563011.9%20166 8
3026.7%201333.7%2014 31.6%201534.9%201563020.5%20166 3028.6%20142014 2016630 (i) (ii)20142015 201663020132014 201520130.12014 5.120158.320132014 201596.7113.7 181.539.3%33.8%38.8% 20142014 2015 20152013 EBITDA EBITDA(i) (ii) (iii) EBITDA 1231 630 2013 2014 2015 2015 2016 EBITDA...... 39,854 5,668 29,116 (47,747) (12,159).................. 8,974 265 20,471 (8,377) 9,897.................... 22,494 25,296 21,746 13,175 9,537.................. 47,047 51,014 68,862 30,376 40,598 (1)......... 1,259 1,500 1,500 EBITDA (2).................... 6,771 33,731 23,202 27,055 16,861 (3).................. 8,905 4,374 16,042 EBITDA............... 125,140 117,233 173,802 20,356 80,776 EBITDA (4)........ 25.6% 19.7% 21.6% 6.8% 21.0% (1) 9
(2) (i) (ii)ebitda (3) 20152015201663011.75.8 22.18.94.416.02015 20152016630 (4) EBITDAEBITDA100% 20132014EBITDA(i) (ii) 2016630EBITDA80.82015630 20.4(i)20142015 (ii)20166302015 201520156 30EBITDA 1231 630 2013 2014 2015 2016................. 368,351 443,623 462,936 484,762................... 525,918 931,338 428,174 434,242................... 894,269 1,374,961 891,110 919,004................. 26,205 56,034 61,572 46,499................... 519,258 750,573 621,689 674,415................... 545,463 806,607 683,261 720,914......... 375,011 624,388 269,421 244,589 (1)...... 6,660 180,765 (193,515) (240,173) (2)...... 266,898 557,318 207,160 196,358................. 81,908 11,036 689 1,732 (3)................. 348,806 568,354 207,849 198,090 (1) 2016630240.2 2016630 (2) 2016630161.3 18 (3) 20141231568.420151231207.8 2015581.1153.7 343.1 10
1231 630 2013 2014 2015 2015 2016........ 97,297 63,736 159,285 10,616 17,212.............. (166,194) (230,731) 77,991 (45,562) (43,859)............ 63,850 424,323 (350,019) (193,551) 47,679.......... (5,047) 257,328 (112,743) (228,497) 21,032.... 94,120 89,073 346,401 346,401 233,658.... 89,073 346,401 233,658 117,904 254,690 1231 2016 2013 2014 2015 630 (1)................... 33.7% 31.6% 34.9% 28.6% (2)................... 8.2% 0.9% 3.6% (4) (3)................ 13.7% 1.5% 14.0% (4) (5).............. 38.9% 4.5% 19.5% 46.4% (1) 100% (2) 100% (3) 100% (4) 2016630 (5) 100% 55.62.69 33.78.916.02015 20166308.8 11
21.98.72016 13.2 25% 15% 2.562.82 90%10% 2.56 2.82.................................... 4,071.3 4,484.8 (1)....... 0.63 0.68 (1) 2015 581.1 2016630 20151231201663040.7 51.5 2015 2016 630109.5 2.69 12
830.2.................................. 660.1 79.5%.................................. 87.1 10.5%...................... 83.0 10.0%......................................... 830.2 100.0% 2.69207.5 20141267,715,000 201512Victory 60,225 31,076,100 Victory54.83%16.87%2.50% 0.80% 2016919 E. 47,710,500 1.60 3% 13
47,710,500 20151120151231 0.0182 0.0177 2016919 79,517,500 5% F. 20167 2017 2015 2016620169 2016630 12.22016 2016630 14