Jefferies Financial Group Investor Day Presentation Deck
Reconciliation To Remove the Impact of the Bache Business From Fixed
Income Capital Markets Historical Results
($ Millions)
Fixed Income Net Revenues (GAAP)
Adjustments to Remove Bache(1)
Adjusted Fixed Income Net Revenues
(non-GAAP)
Fiscal Year Ended
11/30/15
$271
(80)
$191
Note: The above tables reconcile certain Jefferies Financial Group non-GAAP financial information to their respective U.S. GAAP measures. Jefferies Financial Group believes that the disclosed Adjusted non-GAAP measures and any adjustments thereto, when
presented in conjunction with comparable U.S. GAAP measures are useful to investors as they enable investors to evaluate Jefferies Financial Group results through the eyes of management. These measures should not be considered a substitute for, or
superior to, measures of financial performance prepared in accordance with U.S. GAAP.
(1) Revenues generated by the Bache business, including commissions, principal transaction revenues and net interest revenue, for the presented period have been classified as a reduction of revenue in the presentation of Adjusted financial measures.
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