Bank of America Investment Banking Pitch Book
Introduction
2014 Analyst Estimates by Quarter vs. Budget - EBITDA
5
Wall Street Consensus
% of Full Year EBITDA
Management
% of Full Year EBITDA
Difference vs. Consensus
% Difference vs. Consensus
Wall Street Analysts
Avondale Partners
BB&T Capital Markets
FBR
Janney Montgomery Scott
Jefferies
KeyBanc
Stifel Nicolaus
Consensus
(2)
Source: Pioneer Base Case as of April 9, 2014 and Wall Street Research.
Note: Dollars amounts in U.S. milions.
Not including 03 actual.
Including 03 actual
LOX For more investment banking materials, visit www.10xebitda.com
Q3 FY2014
$17.9
24.9%
Actual
$17.1
24.7%
($0.8)
(4.6%)
$19.0
16.4
17.8
20.0
17.3
17.1
$17.9
Q4 FY2014
$19.9
27.6%
Current Forecast
$17.7
25.6%
($2.1)
(10.8%)
$20.0
19.5
19.8
20.0
18.4
21.5
$19.9
Bank of America
Merrill Lynch
FY 2014
$72.1(¹)
$69.1(²)
($3.0)
(4.1%)View entire presentation