Profit and Loss statement, k USD, Global

U18T1 U18T2 U18T3 U18T4 U18T5

Sales revenue 1,897,897 1,829,469 1,236,596 2,574,346 1,101,621

Costs and expenses

Variable production costs 531,216 491,061 77,543 531,068 205,734
Feature costs 376,030 549,462 280,353 668,869 173,158
Contract manufacturing costs 261,994 433,888 412,591 472,214 332,908
Transportation and tariffs 40,226 39,065 30,578 81,227 49,763
R&D 163,243 0 0 50,587 5,300
Sustainability 0 0 0 0 0
Promotion 196,000 45,000 32,000 187,000 49,680
Administration 155,528 151,358 161,593 134,565 133,848
Costs and expenses total 1,724,236 1,709,835 994,657 2,125,530 950,390

OPERATING PROFIT BEFORE DEPR. (EBITDA) 173,661 119,634 241,939 448,816 151,231
Depreciation from fixed assets 122,580 56,437 24,293 88,447 45,655

OPERATING PROFIT (EBIT) 51,081 63,197 217,646 360,369 105,576

Net financing expenses -31,292 78,633 35,942 -40,375 191,242

PROFIT BEFORE TAXES 82,373 -15,436 181,704 400,744 -85,667

Income taxes 39,938 29,932 6,145 80,795 151

PROFIT FOR THE ROUND 42,435 -45,368 175,559 319,950 -85,818

Balance sheet, k USD, Global

U18T1 U18T2 U18T3 U18T4 U18T5
ASSETS
Fixed assets 994,620 319,809 137,659 501,198 258,713
Inventory 203,853 353,730 470,821 149,713 89,891
Receivables 73,069 70,435 47,609 99,112 42,412
Cash and cash equivalents 706,994 208,605 6,000 1,451,531 86,595
Total assets 1,978,536 952,579 662,089 2,201,555 477,611
SHAREHOLDERS' EQUITY AND LIABILITIES
Equity
Share capital 423,550 369,000 436,000 357,000 439,000
Additional paid-in capital 909,689 354,247 597,767 296,956 663,692
Profit for the round 42,435 -45,368 175,559 319,950 -85,818
Retained earnings 539,280 -281,738 -854,609 1,160,143 -1,853,373
Total equity 1,914,954 396,141 354,717 2,134,049 -836,499

Liabilities
Long-term loans 0 400,000 0 0 1,284,789
Short term loans (unplanned) 17,018 98,169 276,530 0 0
Payables 46,564 58,269 30,841 67,505 29,320
Total liabilities 63,582 556,438 307,371 67,505 1,314,109

Total shareholders' equity and liabilities 1,978,536.00 952,579.00 662,089.00 2,201,555.00 477,611.00

Profit and Loss statement, k USD, USA

U18T1 U18T2 U18T3 U18T4 U18T5
Sales revenue
from markets 436,949 395,089 281,923 606,743 136,530
from internal transfers 445,265 432,050 312,227 627,619 514,053
Sales revenue total 882,215 827,139 594,150 1,234,362 650,583

Costs and expenses

Variable production costs 355,911 368,482 77,543 393,041 205,734
Feature costs 101,741 132,111 64,882 188,722 26,720
Contract manufacturing costs 172,393 257,504 194,053 235,725 176,214
Transportation and tariffs 0 0 0 0 0
R&D 112,230 0 0 43,842 4,417
Sustainability 0 0 0 0 0
Promotion 55,000 14,500 10,000 52,000 11,100
Administration 108,109 104,835 130,312 100,483 101,660
Costs of imported products 0 0 0 0 0
Costs and expenses total 905,385 877,431 476,789 1,013,812 525,845
OPERATING PROFIT BEFORE DEPR. (EBITDA) -23,170 -50,292 117,361 220,550 124,739
Depreciation from fixed assets 36,996 0 12,496 55,395 27,552

OPERATING PROFIT (EBIT) -60,166 -50,292 104,864 165,154 97,187

Net financing expenses -1,446 85,429 8,722 -19,490 194,003

PROFIT BEFORE TAXES -58,720 -135,722 96,143 184,644 -96,817

Income taxes 0 0 0 29,102 0

PROFIT FOR THE ROUND -58,720 -135,722 96,143 155,542 -96,817

Balance sheet, k USD, USA

U18T1 U18T2 U18T3 U18T4 U18T5
ASSETS
Fixed assets 349,642 0 70,813 313,906 156,128
Inventory 173,587 299,557 400,785 127,825 89,891
Receivables 16,823 15,211 10,854 23,360 5,256
Cash and cash equivalents 2,000 2,000 2,000 832,906 35,838
Total assets 542,051 316,768 484,452 1,297,997 287,113

SHAREHOLDERS' EQUITY AND LIABILITIES

Equity
Share capital 383,550 329,000 396,000 317,000 399,000
Additional paid-in capital 909,689 354,247 597,767 296,956 663,692
Profit for the round -58,720 -135,722 96,143 155,542 -96,817
Retained earnings 96,257 -1,668,112 -1,250,037 171,024 -2,541,285
Total equity 1,330,776 -1,120,587 -160,127 940,523 -1,575,410

Liabilities
Long-term loans 0 400,000 0 0 1,284,789
Short term loans (unplanned) 17,018 98,169 30,625 0 0
Internal loans -830,000 910,000 601,000 326,000 562,000
Payables 24,257 29,187 12,954 31,473 15,734
Total liabilities -788,725 1,437,355 644,579 357,473 1,862,523
Total shareholders' equity and liabilities 542,051 316,768 484,452 1,297,997 287,113

PARENT COMPANY'S CASH FLOW STATEMENT, k USD

U18T1 U18T2 U18T3 U18T4 U18T5
Cash provided by operating activities
Operating profit before depreciation (EBITDA) -23,170 -50,292 117,361 220,550 124,739
Change in receivables (incr - / decr +) -1,359 2,407 -789 1,077 205
Change in inventories (incr - / decr +) 190,142 353,288 12,255 -63,802 193,475
Change in payables (incr + / decr -) 1,567 9,900 -7,059 -2,850 5,225
Net financing expenses 1,446 -85,429 -8,722 19,490 -194,003
Income taxes 0 0 0 -29,102 0
Total 168,625 229,873 113,046 145,362 129,641

Plant investments -140,000 32,403 0 0 0

Cash flow before financing activities 28,625 262,276 113,046 145,362 129,641

Cash provided by financing activities

Dividends 0 0 0 -100,000 0
Proceeds from equity issues and buybacks -454,947 0 0 -58,851 0
Dividends received from subsidiaries 0 0 0 85,258 0
Change in long-term debt (incr + / decr -) 0 0 0 -99,789 0
Change in short-term debt (incr + / decr -) 17,018 -582,276 -158,046 0 -155,803
Change in internal loans 250,000 320,000 45,000 -25,000 60,000
Total -187,929 -262,276 -113,046 -198,381 -95,803
Change in cash and cash equivalents -159,304 0 0 -53,019 33,838

Cash 1.1. 161,304 2,000 2,000 885,926 2,000

Cash 31.12. 2,000 2,000 2,000 832,906 35,838

Profit and Loss statement, k USD, Asia

 U18T1 U18T2 U18T3 U18T4 U18T5
Sales revenue
from markets 1,103,975 859,680 842,398 1,233,650 801,838
from internal transfers 0 101,590 0 186,619 0
Sales revenue total 1,103,975 961,270 842,398 1,420,269 801,838

Costs and expenses

Variable production costs 175,304 122,580 0 138,028 0
Feature costs 215,375 262,461 197,847 295,262 119,226
Contract manufacturing costs 89,600 176,384 218,538 236,489 156,694
Transportation and tariffs 25,886 17,334 27,053 56,001 40,350
R&D 51,013 0 0 6,745 883
Sustainability 0 0 0 0 0
Promotion 70,000 16,500 12,000 85,000 27,500
Administration 37,419 36,523 21,281 24,082 22,188
Costs of imported products 201,163 197,209 262,068 396,059 418,931
Costs and expenses total 865,761 828,991 738,787 1,237,665 785,772

OPERATING PROFIT BEFORE DEPR. (EBITDA) 238,214 132,279 103,611 182,604 16,066
Depreciation from fixed assets 85,584 56,437 11,796 33,052 18,103

OPERATING PROFIT (EBIT) 152,629 75,842 91,815 149,552 -2,037

Net financing expenses -28,906 -5,902 26,077 -20,423 -2,723

PROFIT BEFORE TAXES 181,535 81,744 65,738 169,975 686

Income taxes 39,938 17,984 0 37,395 151

PROFIT FOR THE ROUND 141,597 63,761 65,738 132,581 535

Balance sheet, k USD, Asia

U18T1 U18T2 U18T3 U18T4 U18T5
ASSETS
Fixed assets 644,979 319,809 66,846 187,292 102,585
Inventory 30,266 54,173 70,036 21,888 0
Receivables 42,503 33,098 32,432 47,496 30,871
Cash and cash equivalents 511,673 68,058 2,000 506,816 43,379
Total assets 1,229,421 475,137 171,314 763,492 176,834

SHAREHOLDERS' EQUITY AND LIABILITIES

Equity
Share capital 20,000 20,000 20,000 20,000 20,000
Profit for the round 141,597 63,761 65,738 132,581 535
Retained earnings 438,336 849,094 -28,816 801,969 484,123
Total equity 599,934 932,855 56,922 954,550 504,658

Liabilities
Short term loans (unplanned) 0 0 216,320 0 0
Internal loans 610,000 -480,000 -119,000 -219,000 -340,000
Payables 19,487 22,282 17,072 27,943 12,176
Total liabilities 629,487 -457,718 114,392 -191,057 -327,824

Total shareholders' equity and liabilities 1,229,421 475,137 171,314 763,492 176,834

Profit and Loss statement, k USD, Europe

U18T1 U18T2 U18T3 U18T4 U18T5
Sales revenue
Sales revenue 356,973 574,700 112,275 733,953 163,253

Costs and expenses

Feature costs 58,914 154,890 17,624 184,885 27,212
Transportation and tariffs 14,340 21,731 3,525 25,226 9,413
Promotion 71,000 14,000 10,000 50,000 11,080
Administration 10,000 10,000 10,000 10,000 10,000
Costs of imported products 244,102 336,431 50,159 418,180 95,122
Costs and expenses total 398,356 537,053 91,308 688,291 152,827

OPERATING PROFIT BEFORE DEPR. (EBITDA) -41,383 37,648 20,967 45,662 10,426
Depreciation from fixed assets 0 0 0 0 0

OPERATING PROFIT (EBIT) -41,383 37,648 20,967 45,662 10,426

Net financing expenses -940 -894 1,143 -462 -38

PROFIT BEFORE TAXES -40,442 38,542 19,824 46,125 10,464

Income taxes 0 11,948 6,145 14,299 0

PROFIT FOR THE ROUND -40,442 26,594 13,679 31,826 10,464

Balance sheet, k USD, Europe

U18T1 U18T2 U18T3 U18T4 U18T5
ASSETS
Fixed assets 0 0 0 0 0
Receivables 13,743 22,126 4,323 28,257 6,285
Cash and cash equivalents 193,321 138,548 2,000 111,808 7,378
Total assets 207,064 160,674 6,323 140,066 13,663

SHAREHOLDERS' EQUITY AND LIABILITIES

Equity
Share capital 20,000 20,000 20,000 20,000 20,000
Profit for the round -40,442 26,594 13,679 31,826 10,464
Retained earnings 4,686 537,280 424,244 187,150 203,789
Total equity -15,756 583,874 457,922 238,976 234,253

Liabilities
Short term loans (unplanned) 0 0 29,586 0 0
Internal loans 220,000 -430,000 -482,000 -107,000 -222,000
Payables 2,820 6,800 814 8,089 1,410
Total liabilities 222,820 -423,200 -451,600 -98,911 -220,590

Total shareholders' equity and liabilities 207,064 160,674 6,323 140,066 13,663
Ratios and key financial indicators

Ratios
U18T1 U18T2 U18T3 U18T4 U18T5
Market capitalization of the company, k USD 5,653,433 2,295,754 1,337,189 8,980,860 696,124
Shares outstanding at the end of round, k shares 38,355 32,900 39,600 31,700 39,900
Share price at the end of round, USD 147 69.78 33.77 283 17.45
Average trading price during the round, USD 152 58.76 17.48 294 5.77
Dividend yield, % 0 0 0 1.11 0
P/E ratio 133 n/a 7.62 28.07 n/a
Cumulative total shareholder return (p.a.), % -3.01 -11.02 -17.84 4.56 -22.96

Key financial indicators, %

U18T1 U18T2 U18T3 U18T4 U18T5
Operating profit before depreciation (EBITDA) 9.15 6.54 19.56 17.43 13.73
Operating profit (EBIT) 2.69 3.45 17.60 14 9.58
Return on sales (ROS) 2.24 -2.48 14.20 12.43 -7.79
Equity ratio 96.79 41.59 53.58 96.93 n/a
Net debt to equity (gearing) -36.03 73.10 76.27 -68.02 n/a
Return on capital employed (ROCE) 2.40 5.23 32.64 17.13 18.55
Return on equity (ROE) 2 -10.83 65.77 15.58 n/a
Earnings per share (EPS), USD 1.11 -1.38 4.43 10.09 -2.15

Market report, global

Global market shares, %
U18T1 U18T2 U18T3 U18T4 U18T5
Total 11.40 10.77 6.64 14.08 7.38

Tech 1 20.52 22.87 13.62 0 0

Tech 2 0 6.44 0 0 21.80
Tech 3 16.59 0 0 19.70 12.18
Tech 4 7.37 17.47 12.65 20.81 0
Market report, USA
U18T1 U18T2 U18T3 U18T4 U18T5
Tech 1
Selling Price, USD 200
Number of offered features 8
Marketing strategy focus Features
Sales, k units 580
Demand, k units 580

Tech 2
Selling Price, USD 158 140
Number of offered features 10 5
Marketing strategy focus Features Balanced
Sales, k units 853 552
Demand, k units 853 552

Tech 3
Selling Price, USD 139 140 140
Number of offered features 5 9 4
Marketing strategy focus Low price Brand Balanced
Sales, k units 931 1,146 423
Demand, k units 931 1,146 423

Tech 4
Selling Price, USD 200 193 215 190
Number of offered features 8 10 8 9
Marketing strategy focus Balanced Footprint Low price Footprint
Sales, k units 1,538 1,348 772 2,349
Demand, k units 1,538 1,348 772 2,349

USA market shares, %

U18T1 U18T2 U18T3 U18T4 U18T5
Total 12.01 10.71 6.58 17.00 4.74

Tech 1 0 0 35.50 0 0
Tech 2 0 20.21 0 0 13.09
Tech 3 29.23 0 0 35.98 13.28
Tech 4 13.35 11.71 6.70 20.40 0

Market report, Asia

U18T1 U18T2 U18T3 U18T4 U18T5
Tech 1
Selling Price, RMB 1,139 1,090 1,500
Number of offered features 7 9 8
Marketing strategy focus Low price Balanced Low price
Sales, k units 2,794 2,199 988
Demand, k units 2,794 2,199 988

Tech 2
Selling Price, RMB 1,250
Number of offered features 5
Marketing strategy focus Low price
Sales, k units 1,723
Demand, k units 1,723

Tech 3
Selling Price, RMB 1,380 1,500 1,220
Number of offered features 5 9 4
Marketing strategy focus Low price Footprint Balanced
Sales, k units 3,268 3,500 2,813
Demand, k units 3,306 3,500 3,312

Tech 4
Selling Price, RMB 1,500 1,400 1,700
Number of offered features 10 8 9
Marketing strategy focus Balanced Low price Footprint
Sales, k units 2,395 3,134 1,968
Demand, k units 2,395 3,134 1,968
Asia market shares, %
U18T1 U18T2 U18T3 U18T4 U18T5
Total 12.67 9.61 8.62 11.43 9.49

Tech 1 25.92 20.40 9.16 0 0

Tech 2 0 0 0 0 29.23
Tech 3 14.96 0 0 16.02 12.88
Tech 4 0 25.74 33.69 21.15 0

Market report, Europe

U18T1 U18T2 U18T3 U18T4 U18T5
Tech 1
Selling Price, EUR 180 240
Number of offered features 9 8
Marketing strategy focus Low price Low price
Sales, k units 914 288
Demand, k units 914 288

Tech 2
Selling Price, EUR 125
Number of offered features 5
Marketing strategy focus Balanced
Sales, k units 613
Demand, k units 613

Tech 3
Selling Price, EUR 155 150 143
Number of offered features 5 9 4
Marketing strategy focus Low price Low price Balanced
Sales, k units 710 1,185 367
Demand, k units 710 1,185 367
Tech 4
Selling Price, EUR 220 165 249 180
Number of offered features 8 10 8 9
Marketing strategy focus Balanced Low price Features Brand
Sales, k units 783 1,759 80 2,239
Demand, k units 783 1,759 265 2,239

Europe market shares, %

U18T1 U18T2 U18T3 U18T4 U18T5
Total 7.63 13.66 1.88 17.49 5.01

Tech 1 0 76.06 23.94 0 0

Tech 2 0 0 0 0 19.57
Tech 3 15.58 0 0 25.99 8.05
Tech 4 7.34 16.48 0.75 20.97 0

Production report

In-house manufacturing, k units

U18T1 U18T2 U18T3 U18T4 U18T5
USA
Tech 1 693
Tech 2 165
Tech 3 2,317 6,793 440

Tech 4 358

Asia
Tech 1 1,045 2,200
Tech 2
Tech 3 1,650
Tech 4 1,100

Contract manufacturing, k units

USA
Tech 1 1,000
Tech 2 500 2,100
Tech 3 105
Tech 4 1,930 2,145 1,555 2,645

Asia
Tech 1 2,335 1,400
Tech 2 850
Tech 3 1,165
Tech 4 1,245 2,431 2,645

Capacity usage, %
USA
Tech 1 14
Tech 2 5
Tech 3 38 95 8
Tech 4 5
Free capacity 62 95 86 0 92

Asia
Tech 1 38 100
Tech 2
Tech 3 60
Tech 4 100
Free capacity 2 0 100 0 100

Inventory, k units
USA
Tech 1 0 0 3,030 0 0
Tech 2 613 431 2,361 0 1,333
Tech 3 0 0 0 962 0
Tech 4 1,265 2,501 0 715 0

Asia
Tech 1 586 968 0 0 0
Tech 2 0 0 612 271 0
Tech 3 0 0 0 0 0
Tech 4 0 0 0 0 0
Inventory management costs, k USD 27,495 45,787 58,996 12,895 22,493

Origin of products sold in USA, k units

USA 2,469 2,202 1,352 3,495 975
Asia

Origin of products sold in Asia, k units

USA 1,618 1,083 1,691 3,500 2,522
Asia 4,444 3,511 2,431 1,968 2,015

Origin of products sold in Europe, k units

USA 1,494 1,759 367 1,647 981
Asia 914 1,777

Number of plants this round

USA 11 6 9 13 10
Asia 5 4 1 2 2

Number of plants next round

USA 12 6 9 13 10

Asia 6 4 1 2 2

Number of plants after next round

USA 12 6 9 13 10
Asia 6 4 1 2 2

Cost report

Logistics
U18T1 U18T2 U18T3 U18T4 U18T5
Average logistics cost per sold product, USD
Products sold in USA 0 0 0 0 0
Products sold in Asia 4.27 3.77 6.56 10.24 8.89
Products sold in Europe 9.60 8.13 9.60 7.37 9.60
Production cost per unit, USD
USA
Tech 1 61.61
Tech 2 101
Tech 3 60.70 56.58 89.87
Tech 4 129

Asia
Tech 1 63.26 60.42
Tech 2
Tech 3 73.13
Tech 4 125

Contract manufacturing cost per unit, USD

USA
Tech 1 54.20
Tech 2 77.70 67.43
Tech 3 69.73
Tech 4 102 101 104 99.09

Asia
Tech 1 46.42 48.98
Tech 2 85.51
Tech 3 72.11
Tech 4 96.74 89.90 89.41

Average unit cost per sold product, USD

USA
Tech 1 58.29
Tech 2 88.39 77.87
Tech 3 62.17 56.58 85.81
Tech 4 127 121 104 106
Weighted average 103 109 84.66 89.52 81.31

Asia
Tech 1 51.63 55.60 58.29
Tech 2 81.64
Tech 3 67.70 56.58 80.14
Tech 4 108 93.16 100
Weighted average 60.29 82.71 84.81 72.21 80.71

Europe
Tech 1 55.60 58.29
Tech 2 77.87
Tech 3 62.17 56.58 85.81
Tech 4 127 121 104 101
Weighted average 96.13 98.88 68.31 85.73 80.84

Production scrap, %
USA
Tech 1 1.38
Tech 2 1.52
Tech 3 1.48 1.46 1.86
Tech 4 1.55

Asia
Tech 1 2.28 2.19
Tech 2
Tech 3 2.39
Tech 4 2.59

HR report

Human resources
U18T1 U18T2 U18T3 U18T4 U18T5
Wage / month, USD 3,075 1,400 4,000 3,800 5,400
Training budget / month, USD 2,500 0 0 5,000 500

Number of R&D personnel 1,155 0 0 284 0

Personnel turnover, % 0.00 0 0 0.00 0.17
Recruitments + / Layoffs - 402 0 0 -757 -294
Allocation of person-days, % 99.96 0 0 100 0
HR Efficiency Multiplier 1.05 N/A N/A 1.16 N/A

Total costs 108,243 0 0 50,587 5,300

Total monthly costs per employee, USD 7,810 N/A N/A 14,843 N/A

Social responsibility report

Social responsibility by team U18T1 U18T2 U18T3 U18T4 U18T5
Ethics 4.17 4.17 3.10 4.17 3.17
Sustainability 4.17 4.17 3.40 4.17 3.83

Average component supplier cost per product sold, USD 10.67 10.67 10.40 10.67 10.33

Average image per supplier

Supplier 1 4.50
Supplier 2 2.50
Supplier 3 1.25
Supplier 4 5
Supplier 5 3

Supplier cost, USD

Supplier 1 11
Supplier 2 10
Supplier 3 10
Supplier 4 11
Supplier 5 10

Valuation - Global
U18T1 U18T2 U18T3 U18T4 U18T5
Enterprise value, k USD 4,955,139 2,332,644 1,607,056 7,535,328 1,272,338
Excess cash (+), k USD 700,994 202,605 0 1,445,531 80,595
Value of debt (-), k USD -2,699 -239,495 -269,867 0 -656,809
Market capitalization, k USD 5,653,433 2,295,754 1,337,189 8,980,860 696,124

Discounted cash flow -valuation

Beta 0.55 1.18 0.94 0.52 2.15
Required return on equity, % 6.63 10.94 9.39 6.36 17.92
After tax cost of debt, % 3.43 7.10 4.15 3.35 11.00
Debt to equity 0.01 1.26 0.78 0 NA
WACC, % 6.60 8.80 7.09 6.36 11.07
Enterprise value, k USD 5,722,514 1,630,206 1,136,912 7,994,421 827,209

Multiple valuation
EV/Sales 4 4 4 4 4
Adjusted sales, k USD 1,711,252 1,714,397 1,160,309 2,536,152 936,542
Enterprise value, k USD 6,845,010 6,857,588 4,641,237 10,144,608 3,746,167

EV/EBITDA 11.65 11.65 11.65 11.65 11.65

Adjusted EBITDA, k USD 270,686 208,868 121,187 474,661 117,947
Enterprise value, k USD 3,153,488 2,433,311 1,411,826 5,529,799 1,374,087

EV/EBIT 14.63 14.63 14.63 14.63 14.63

Adjusted EBIT, k USD 187,977 147,790 105,447 403,218 92,659
Enterprise value, k USD 2,750,099 2,162,163 1,542,689 5,899,084 1,355,600

EV/NOPLAT 17.30 17.30 17.30 17.30 17.30

Adjusted NOPLAT, k USD 142,642 120,933 95,568 336,027 74,236
Enterprise value, k USD 2,467,708 2,092,146 1,653,334 5,813,265 1,284,277

Credit rating AAA B+ A AAA D

Gross margin, % 36.27 17.27 35.22 31.89 30.87

Logistics details

Tech 1, k units
U18T1 U18T2 U18T3 U18T4 U18T5
USA
Beginning inventory 0 0 3,191
Production 0 0 693
Contract manufacturing 0 0 1,000
Imported from Asia 0 0 0
Total products 0.00 0.00 4,884.27
Sales in USA 0 0 -580
Exported to Asia 0 0 -988
Exported to Europe 0 0 -288
Ending inventory 0 0 3,030
Unsatisfied demand 0 0 0

Asia
Beginning inventory 0 481 0
Production 1,045 2,200 0
Contract manufacturing 2,335 1,400 0
Imported from USA 0 0 988
Total products 3,380.00 4,080.81 987.51
Sales in Asia -2,794 -2,199 -988
Exported to USA 0 0 0
Exported to Europe 0 -914 0
Ending inventory 586 968 0
Unsatisfied demand 0 0 0

Europe
Imported from USA 0 0 288
Imported from Asia 0 914 0
Total products 0.00 913.59 287.55
Sales in Europe 0 -914 -288
Unsatisfied demand 0 0 0

Tech 2, k units
U18T1 U18T2 U18T3 U18T4 U18T5
USA
Beginning inventory 613 619 2,361 0 1,272
Production 0 165 0 0 0
Contract manufacturing 0 500 0 0 2,100
Imported from Asia 0 0 0 0 0
Total products 613.06 1,283.93 2,361.06 0.00 3,372.30
Sales in USA 0 -853 0 0 -552
Exported to Asia 0 0 0 0 -873
Exported to Europe 0 0 0 0 -613
Ending inventory 613 431 2,361 0 1,333
Unsatisfied demand 0 0 0 0 0

Asia
Beginning inventory 0 0 612 271 0
Production 0 0 0 0 0
Contract manufacturing 0 0 0 0 850
Imported from USA 0 0 0 0 873
Total products 0.00 0.00 611.63 270.62 1,723.44
Sales in Asia 0 0 0 0 -1,723
Exported to USA 0 0 0 0 0
Exported to Europe 0 0 0 0 0
Ending inventory 0 0 612 271 0
Unsatisfied demand 0 0 0 0 0

Europe
Imported from USA 0 0 0 0 613
Imported from Asia 0 0 0 0 0
Total products 0.00 0.00 0.00 0.00 613.35
Sales in Europe 0 0 0 0 -613
Unsatisfied demand 0 0 0 0 0

Tech 3, k units
U18T1 U18T2 U18T3 U18T4 U18T5
USA
Beginning inventory 942 0.00 1,893
Production 2,317 6,793 440
Contract manufacturing 0 0 105
Imported from Asia 0 0 0
Total products 3,258.78 6,792.50 2,438.32
Sales in USA -931 -1,146 -423
Exported to Asia -1,618 -3,500 -1,648
Exported to Europe -710 -1,185 -367
Ending inventory 0 962 0
Unsatisfied demand 0 0 0

Asia
Beginning inventory 0 0 0
Production 1,650 0 0
Contract manufacturing 0 0 1,165
Imported from USA 1,618 3,500 1,648
Total products 3,267.88 3,500.06 2,813.44
Sales in Asia -3,268 -3,500 -2,813
Exported to USA 0 0 0
Exported to Europe 0 0 0
Ending inventory 0 0 0
Unsatisfied demand 38 0 499

Europe
Imported from USA 710 1,185 367
Imported from Asia 0 0 0
Total products 710.34 1,184.98 367.16
Sales in Europe -710 -1,185 -367
Unsatisfied demand 0 0 0

Tech 4, k units
U18T1 U18T2 U18T3 U18T4 U18T5
USA
Beginning inventory 1,656 4,547 0.00 523
Production 0 0 0 358
Contract manufacturing 1,930 2,145 1,555 2,645
Imported from Asia 0 0 0 0
Total products 3,586.11 6,691.72 1,555.00 3,525.80
Sales in USA -1,538 -1,348 -772 -2,349
Exported to Asia 0 -1,083 -703 0
Exported to Europe -783 -1,759 -79.62 -462
Ending inventory 1,265 2,501 0 715
Unsatisfied demand 0 0 0 0

Asia
Beginning inventory 0 66.55 0 0
Production 0 0 0 1,100
Contract manufacturing 0 1,245 2,431 2,645
Imported from USA 0 1,083 703 0
Total products 0.00 2,394.95 3,134.30 3,745.00
Sales in Asia 0 -2,395 -3,134 -1,968
Exported to USA 0 0 0 0
Exported to Europe 0 0 0 -1,777
Ending inventory 0 0 0 0
Unsatisfied demand 0 0 0 0

Europe
Imported from USA 783 1,759 79.62 462
Imported from Asia 0 0 0 1,777
Total products 783.41 1,759.28 79.62 2,238.81
Sales in Europe -783 -1,759 -79.62 -2,239
Unsatisfied demand 0 0 185 0

Cost report - Transportation cost incl. tariffs per sold product, USD
U18T1 U18T2 U18T3 U18T4 U18T5
USA
Tech 1 0
Tech 2 0 0
Tech 3 0 0 0
Tech 4 0 0 0 0
Asia
Tech 1 0 0 16
Tech 2 8.11
Tech 3 7.92 16 9.37
Tech 4 7.24 3.59 0
Europe
Tech 1 5.30 9.60
Tech 2 9.60
Tech 3 9.60 9.60 9.60
Tech 4 9.60 9.60 9.60 6.19
U18T6 U18T7 U18T8 U18T9 U18T10
1,971,871 1,401,037 1,738,349 1,997,672 1,607,081

542,314 355,497 245,522 312,124 241,345

570,657 394,668 415,594 540,615 393,992
407,163 255,195 499,207 374,107 480,791
75,087 59,303 12,667 77,414 28,386
31,152 18,010 15,761 56,359 66,491
0 0 0 0 0
141,000 94,000 170,000 143,000 71,000
132,946 123,500 107,629 140,845 141,102
1,900,318 1,300,174 1,466,379 1,644,464 1,423,108

71,552 100,864 271,970 353,208 183,973

81,933 46,793 74,776 89,204 75,164

-10,381 54,071 197,194 264,004 108,809

30,776 133,034 -42,525 -22,510 -11,815

-41,157 -78,963 239,720 286,514 120,624

0 35,940 41,067 39,049 21,739

-41,157 -114,902 198,652 247,465 98,885

U18T6 U18T7 U18T8 U18T9 U18T10

464,289 265,158 423,730 505,488 425,932

67,604 200,237 77,842 176,981 35,365
75,917 53,940 66,926 76,910 61,873
19,483 11,046 1,911,202 756,381 609,921
627,293 530,381 2,479,700 1,515,761 1,133,090
 310,000 371,000 440,000 422,500 337,000
0 58,226 1,219,101 434,720 83,968
-41,157 -114,902 198,652 247,465 98,885
88,858 -838,497 376,786 360,861 569,173
357,701 -524,174 2,234,540 1,465,547 1,089,026

159,789 729,789 200,000 0 0

48,387 283,776 0 0 0
61,416 40,990 45,160 50,214 44,064
269,592 1,054,554 245,160 50,214 44,064

627,293.00 530,381.00 2,479,700.00 1,515,761.00 1,133,090.00

U18T6 U18T7 U18T8 U18T9 U18T10

454,583 301,969 373,929 391,198 346,791

432,593 309,588 174,583 521,726 277,584
887,176 611,557 548,513 912,924 624,376

167,044 328,608 23,511 288,202 81,081

144,581 99,170 94,887 117,998 88,798
197,368 85,606 277,205 203,948 268,827
18,927 12,695 0 0 0
22,845 16,509 7,005 40,256 48,760
0 0 0 0 0
45,000 35,000 45,000 25,000 15,000
88,417 96,093 58,536 93,979 93,245
159,238 45,610 0 0 0
843,419 719,291 506,144 769,384 595,712
 43,757 -107,735 42,369 143,540 28,664
29,305 22,793 0 37,756 26,012

14,453 -130,527 42,369 105,784 2,652

21,987 126,965 -31,397 -7,248 -6,356

-7,534 -257,492 73,766 113,032 9,008

0 0 0 0 0

-7,534 -257,492 73,766 113,032 9,008

U18T6 U18T7 U18T8 U18T9 U18T10

166,060 129,158 0 213,950 147,403

33,590 193,538 0 146,245 15,556
17,501 11,626 14,396 15,061 13,351
2,000 2,000 1,557,334 203,679 393,601
219,152 336,322 1,571,730 578,936 569,911

270,000 331,000 400,000 382,500 297,000

0 58,226 1,219,101 434,720 83,968
-7,534 -257,492 73,766 113,032 9,008
-210,306 -1,810,559 -107,368 -292,194 -361,955
52,160 -1,678,825 1,585,499 638,059 28,021

159,789 729,789 200,000 0 0

29,878 224,104 0 0 0
-43,000 1,041,000 -229,000 -82,614 525,000
20,325 20,254 15,231 23,491 16,890
166,992 2,015,147 -13,769 -59,123 541,890
 219,152 336,322 1,571,730 578,936 569,911

U18T6 U18T7 U18T8 U18T9 U18T10

43,757 -107,735 42,369 143,540 28,664

-423 -3,218 998 -628 51
36,255 -146,355 42,275 -72,562 141,699
-2,634 6,820 -1,532 1,665 -2,297
-21,987 -126,965 31,397 7,248 6,356
0 0 0 0 0
54,969 -377,453 115,506 79,263 174,473

0 0 83,300 0 0

54,969 -377,453 198,806 79,263 174,473

0 0 -7,500 -50,000 -10,000

0 4,287 -70,031 -492,205 -52,137
0 0 9,637 90,486 16,359
0 0 200,000 0 0
-59,969 166,165 0 0 0
5,000 207,000 -48,000 200,000 150,000
-54,969 377,453 84,106 -251,719 104,222
0 0 282,913 -172,457 278,695

2,000 2,000 1,274,421 376,136 114,906

2,000 2,000 1,557,334 203,679 393,601
U18T6 U18T7 U18T8 U18T9 U18T10

810,055 789,334 1,066,317 1,225,450 779,392

456,369 45,610 255 162,206 108,318
1,266,424 834,944 1,066,572 1,387,656 887,709

375,270 26,888 222,010 23,922 160,264

220,018 212,870 249,386 335,288 187,719
209,796 169,590 222,002 170,159 211,964
29,892 31,884 0 65,277 9,996
8,307 1,501 8,756 16,103 17,731
0 0 0 0 0
45,000 30,000 75,000 75,000 33,000
34,529 17,408 39,093 36,866 37,856
301,350 151,355 0 450,086 86,353
1,224,162 641,495 816,247 1,172,702 744,883

42,262 193,449 250,324 214,954 142,826

52,629 24,000 74,776 51,448 49,152

-10,367 169,449 175,549 163,506 93,674

8,915 6,087 -11,121 -13,989 -5,137

-19,282 163,362 186,670 177,495 98,812

0 35,940 41,067 39,049 21,739

-19,282 127,422 145,603 138,446 77,073

U18T6 U18T7 U18T8 U18T9 U18T10

298,229 136,000 423,730 291,538 278,529

34,014 6,699 77,842 30,737 19,809
31,187 30,389 41,053 47,180 30,007
 2,000 2,000 325,620 360,791 150,010
365,430 175,089 868,246 730,245 478,355

20,000 20,000 20,000 20,000 20,000

-19,282 127,422 145,603 138,446 77,073
312,056 758,007 481,947 536,815 629,338
312,775 905,429 647,550 695,261 726,412

18,509 59,672 0 0 0
2,000 -807,000 194,000 12,091 -270,000
32,147 16,987 26,696 22,894 21,943
52,655 -730,341 220,696 34,985 -248,057

365,430 175,089 868,246 730,245 478,355

U18T6 U18T7 U18T8 U18T9 U18T10

707,233 309,735 298,103 381,025 480,898

206,058 82,628 71,321 87,329 117,476

26,267 14,724 12,667 12,137 18,390
51,000 29,000 50,000 43,000 23,000
10,000 10,000 10,000 10,000 10,000
428,374 158,233 174,838 233,846 299,549
721,699 294,585 318,826 386,311 468,415

-14,467 15,150 -20,723 -5,286 12,483

 0 0 0 0 0

-14,467 15,150 -20,723 -5,286 12,483

-126 -18 -7 -1,274 -321

-14,341 15,168 -20,716 -4,013 12,804

0 0 0 0 0

-14,341 15,168 -20,716 -4,013 12,804

U18T6 U18T7 U18T8 U18T9 U18T10

0 0 0 0 0
27,228 11,925 11,477 14,669 18,515
15,483 7,046 28,247 191,910 66,310
42,711 18,970 39,724 206,580 84,824

20,000 20,000 20,000 20,000 20,000

-14,341 15,168 -20,716 -4,013 12,804
-12,892 214,054 2,207 116,240 301,790
-7,233 249,222 1,491 132,227 334,594

0 0 0 0 0
41,000 -234,000 35,000 70,523 -255,000
8,945 3,748 3,234 3,829 5,231
49,945 -230,252 38,234 74,352 -249,769

42,711 18,970 39,724 206,580 84,824

U18T6 U18T7 U18T8 U18T9 U18T10
3,404,384 1,660,866 5,691,457 5,317,621 3,919,359
27,000 33,100 40,000 38,250 29,700
126 50.18 142 139 132
107 42.87 140 116 104
0 0 0.13 0.94 0.26
n/a n/a 28.65 21.49 39.64
-4.97 -13.99 -3.44 -3.67 -4.22

U18T6 U18T7 U18T8 U18T9 U18T10

3.63 7.20 15.65 17.68 11.45
-0.53 3.86 11.34 13.22 6.77
-2.09 -8.20 11.43 12.39 6.15
57.02 n/a 90.11 96.69 96.11
52.75 n/a -76.58 -51.61 -56.01
-1.56 12.46 8.67 16.37 10.16
-10.88 n/a 9.14 15.34 9.24
-1.52 -3.47 4.97 6.47 3.33

U18T6 U18T7 U18T8 U18T9 U18T10

11.39 8.06 8.75 11.47 10.06

0 7.74 0 18.90 16.35

37.14 26.25 3.50 0 4.88
6.09 8.64 9.50 17.07 10.23
10.46 0 14.04 7.84 9.36
 U18T6 U18T7 U18T8 U18T9 U18T10

170
10
Features
1,053
1,053

143 205 270 155

10 10 9 7
Balanced Features Brand Low price
1,249 600 321 646
1,249 600 321 646

155
9
Low price
685
685

214 200 190 192

9 9 9 8
Features Footprint Low price Low price
1,290 1,436 1,500 1,285
1,290 1,436 1,500 1,285

U18T6 U18T7 U18T8 U18T9 U18T10

 12.35 8.04 8.55 10.63 9.39

0 64.50 0 0 0
29.58 14.20 7.61 0 15.30
0 0 0 21.52 0
11.20 0 12.47 13.02 11.15

U18T6 U18T7 U18T8 U18T9 U18T10

1,200 1,050
9 6
Low price Low price
2,573 2,225
2,573 2,225

1,310 1,250
10 10
Low price Low price
2,044 2,128
2,044 2,128

1,645 1,600 1,550 1,499 1,380

9 8 9 9 8
Low price Low price Footprint Footprint Low price
1,803 1,775 2,811 3,636 2,242
1,803 1,775 2,811 3,636 3,190

1,700
9
Brand
1,807
1,807
 U18T6 U18T7 U18T8 U18T9 U18T10
8.04 8.16 9.66 12.98 9.34

0 0 0 23.87 20.65
34.67 36.10 0 0 0
8.25 8.12 12.87 16.64 10.26
0 0 19.42 0 0

U18T6 U18T7 U18T8 U18T9 U18T10

128 170 250

10 10 9
Low price Balanced Brand
1,628 751 142
1,923 751 176

150 149 148

8 8 8
Low price Low price Low price
783 729 785
783 729 785
 175 170 199 159
9 9 9 8
Balanced Footprint Brand Low price
2,007 1,179 969 1,663
2,007 1,652 969 1,808

U18T6 U18T7 U18T8 U18T9 U18T10

18.57 7.84 6.75 8.68 12.50

0 0 0 0 0
51.95 23.95 4.52 0 0
0 17.17 0 15.99 17.21
18.79 0 11.04 9.07 15.57

U18T6 U18T7 U18T8 U18T9 U18T10

2,299
1,942 1,513 5,500

517 354 220

2,546 1,397
2,191
2,596 330
1 2,148 773
2,612 1,735 1,760

393 1,775 2,125

1,979 1,910
750 220
558 1,810

38
32 25 100

68 37 100 0 100

94 16 10

93 64
100
0 6 7 84 27

0 0 0 339 0
0 731 0 192 195
418 1,399 0 1,222 0
0 0 0 235 0

0 117 0 0 414
0 0 0 280 0
0 0 775 0 0
253 0 0 42 0
 9,059 13,834 6,042 20,458 17,215

1,356 859 1,757 2,185 1,931

1,183 793

1,868 1,993 4,080 625

1,979 1,910 4,618 2,129 3,842

1,628 1,534 1,318 729 1,260

2,007 3 969 1,187

11 11 4 10 11
4 1 5 4 4

11 11 4 10 11

4 1 5 4 4

11 11 4 10 11
4 1 5 4 4

U18T6 U18T7 U18T8 U18T9 U18T10

7.46 7.68 0 0 0
7.77 8.17 0 10.51 2.24
7.23 9.60 9.59 7.15 7.51
 140
80.28 77.14 61.12

59.65 67.54 56.99

108 99.72
142

66.32 79.73
71.56 57.09 63.35
98.94 104 103

54.64 47.77 46.87

78.69 78.99
75.31 81.61
104 92.71

59.46
67.17 140 91.27 102
61.39
139 98.94 104 103
104 88.58 97.54 90.30 103

52.67 47.91
78.33 85.22
81.14 68.11 98.73 61.39 89.41
 92.71 88.11
79.64 77.44 96.37 57.78 68.74

67.17 140 91.27

68.11 61.39 69.11
135 98.93 88.11 94.70
104 103 98.11 76.64 86.49

2
1.77 1.79 1.55

2.20 2.22 2.10

3.18 2.98
2.84

U18T6 U18T7 U18T8 U18T9 U18T10

1,999 2,200 1,000 1,500 3,600
550 50 0 600 550

596 317 0 1,237 131

39.67 100 0.76 49.10 8.59
228 317 -876 607 -138
99.98 99.96 0 48.08 100
 0.93 0.89 N/A 0.93 0.96

31,152 18,010 15,761 56,359 11,491

4,356 4,735 N/A 3,797 7,310

U18T6 U18T7 U18T8 U18T9 U18T10

4.17 4.17 3.10 4.17 4.17
4.17 4.17 3.40 4.17 4.17

10.67 10.67 10.40 10.67 10.67

U18T6 U18T7 U18T8 U18T9 U18T10

3,560,109 1,991,044 3,981,701 4,566,957 3,315,439
13,483 5,046 1,905,202 750,381 603,921
-169,208 -335,223 -195,446 284 0
3,404,384 1,660,866 5,691,457 5,317,621 3,919,359
 0.85 2.14 0.59 0.52 0.52
8.75 17.72 6.90 6.49 6.46
7.09 10.76 3.44 3.52 3.44
0.58 NA 0.09 0 0
8.14 10.83 6.62 6.49 6.46
3,263,064 1,613,862 3,903,880 5,188,321 3,675,278

4 4 4 4 4
1,873,165 1,232,696 1,751,839 1,707,931 1,470,318
7,492,658 4,930,783 7,007,356 6,831,724 5,881,272

11.65 11.65 11.65 11.65 11.65

263,231 146,338 280,218 253,466 172,643
3,066,640 1,704,840 3,264,535 2,952,878 2,011,286

14.63 14.63 14.63 14.63 14.63

190,390 126,987 210,505 166,663 113,372
2,785,401 1,857,814 3,079,695 2,438,277 1,658,636

17.30 17.30 17.30 17.30 17.30

154,798 100,222 175,847 133,917 89,683
2,678,004 1,733,833 3,042,146 2,316,760 1,551,522

B+ D AAA AAA AAA

19.10 24.01 32.52 34.71 28.78

U18T6 U18T7 U18T8 U18T9 U18T10

260 783 0
0 0 0
0 0 0
793 0 0
1,053.18 782.82 0.00
-1,053 0 0
 0 -443 0
0 0 0
0.00 339 0
0 0 0

0 0 295
517 354 220
393 1,775 2,125
0 443 0
910.00 2,572.63 2,639.64
0 -2,573 -2,225
-793 0 0
0 0 0
117 0 414
0 0 0

0 0 0
0 0 0
0.00 0.00 0.00
0 0 0
0 0 0

U18T6 U18T7 U18T8 U18T9 U18T10

347 0.00 463 192 511

0 2,299 0 0 0
2,596 0 0 0 330
0 0 0 0 0
2,942.59 2,299.00 463.17 191.51 841.16
-1,249 -600 -321 0 -646
-65.22 -218 0 0 0
-1,628 -751 -142 0 0
0.00 731 0 192 195
0 0 0 0 0
 0 0 0 280 0
0 0 0 0 0
1,979 1,910 0 0 0
65.22 218 0 0 0
2,044.22 2,128.15 0.00 280.00 0.00
-2,044 -2,128 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 280 0
0 0 0 0 0

1,628 751 142 0 0

0 0 0 0 0
1,628.29 750.68 141.79 0.00 0.00
-1,628 -751 -142 0 0
295 0 34 0 0

U18T6 U18T7 U18T8 U18T9 U18T10

278 296 0 0.00 1,410

1,942 1,513 0 5,500 0
1 2,148 0 773 0
0 0 0 0 0
2,221.48 3,956.58 0.00 6,273.00 1,409.57
0 0 0 -685 0
-1,803 -1,775 0 -3,636 -625
0 -783 0 -729 -785
418 1,399 0 1,222 0
0 0 0 0 0

0 0 290 0.00 0
0 0 2,547 0 1,397
0 0 750 0 220
1,803 1,775 0 3,636 625
1,803.05 1,774.61 3,586.00 3,636.41 2,241.74
-1,803 -1,775 -2,811 -3,636 -2,242
 0 0 0 0 0
0 0 0 0 0
0 0 775 0 0
0 0 0 0 948

0 783 0 729 785

0 0 0 0 0
0.00 783.07 0.00 729.31 784.83
0 -783 0 -729 -785
0 0 0 0 0

U18T6 U18T7 U18T8 U18T9 U18T10

107 0 0 0
0 0 0 0
0 2,612 1,735 1,760
1,183 0 0 0
1,289.55 2,612.00 1,735.00 1,760.00
-1,290 -1,436 -1,500 -1,285
0 0 0 0
0 -1,176 0 -475
0.00 0 235 0
0 0 0 0

693 0 1,011 1,187

2,191 0 0 0
558 1,810 0 0
0 0 0 0
3,442.15 1,810.00 1,011.05 1,187.24
0 -1,807 0 0
-1,183 0 0 0
-2,007 -2.75 -969 -1,187
253 0 42.13 0.00
0 0 0 0
 0 1,176 0 475
2,007 2.75 969 1,187
2,006.68 1,178.96 968.92 1,662.59
-2,007 -1,179 -969 -1,663
0 473 0 145

U18T6 U18T7 U18T8 U18T9 U18T10

12.05
0 0 0 0
0
14.68 0 0 0

2.76 0
0.51 1.64
16 16 0 16.00 4.46
0

9.60 9.60 9.60

9.60 9.60 9.60
5.30 9.59 5.30 6.53
 Team
Values U18T1 U18T2 U18T3 U18T4 U18T5 U18T6 U18T7
Share Price at the end of the round 147.40 69.78 33.77 283.31 17.45 126.09 50.18
EBITDA 173,661.00 119,634.00 241,939.00 448,816.00 151,231.00 71,552.00 100,864.00
Net Profit for the round 42,435 -45,368 175,559 319,950 -85,818 -41,157 -114,902
Market Share (Global) 11.40 10.77 6.64 14.08 7.38 11.39 8.06
Cumulative Shareholder Return -3.01 -11.02 -17.84 4.56 -22.96 -4.97 -13.99
Inventory Management Cost 27,495 45,787 58,996 12,895 22,493 9,059 13,834
Short Term Loans Unplanned 17,018 98,169 276,530 0 0 48,387 283,776

Ranks U18T1 U18T2 U18T3 U18T4 U18T5 U18T6 U18T7

Share Price at the end of the round 2 7 9 1 10 6 8
EBITDA 6 8 4 1 7 10 9
Net Profit for the round 6 8 4 1 9 7 10
Market Share (Global) 3 5 10 1 9 4 8
Cumulative Shareholder Return 2 7 9 1 10 6 8
Inventory Management Cost 8 9 10 3 7 2 4
Short Term Loans Unplanned 6 8 9 1 1 7 10

Score U18T1 U18T2 U18T3 U18T4 U18T5 U18T6 U18T7

Share Price at the end of the round 0.90 0.40 0.20 1.00 0.10 0.50 0.30
EBITDA 0.50 0.30 0.70 1.00 0.40 0.10 0.20
Net Profit for the round 0.50 0.30 0.70 1.00 0.20 0.40 0.10
Market Share (Global) 0.80 0.60 0.10 1.00 0.20 0.70 0.30
Cumulative Shareholder Return 0.90 0.40 0.20 1.00 0.10 0.50 0.30
Inventory Management Cost 0.30 0.20 0.10 0.80 0.40 0.90 0.70
Short Term Loans Unplanned 0.50 0.30 0.20 1.00 1.00 0.40 0.10
Total Score 4.40 2.50 2.20 6.80 2.40 3.50 2.00
Final Rank 5 7 9 1 8 6 10
 U18T8 U18T9 U18T10
142.29 139.02 131.96
271,970.00 353,208.00 183,973.00
198,652 247,465 98,885
8.75 11.47 10.06
-3.44 -3.67 -4.22
6,042 20,458 17,215
0 0 0

U18T8 U18T9 U18T10

3 4 5
3 2 5
3 2 5
7 2 6
3 4 5
1 6 5
1 1 1

U18T8 U18T9 U18T10

0.80 0.70 0.60
0.80 0.90 0.60
0.80 0.90 0.60
0.40 0.90 0.50
0.80 0.70 0.60
1.00 0.50 0.60
1.00 1.00 1.00
5.60 5.60 4.50
3 2 4
 Team
Values U18T1 U18T2 U18T3 U18T4 U18T5 U18T6 U18T7
Share Price at the end of the round 173.57 157.89 119.71 207.92 133.35 243.37 177.26
EBITDA -89,429.00 164,488.00 50,999.00 257,986.00 152,159.00 316,975.00 255,186.00
Net Profit for the round -317,387 -128,456 -256,225 22,833 -107,101 71,474 57,007
Market Share (Global) 14.08 11.73 6.95 10.77 7.16 12.89 5.95
Cumulative Shareholder Return -13.00 -20.86 -40.00 4.22 -33.16 21.99 -11.15
Inventory Management Cost 5628 15258 19687 11631 20458 8807 13298
Short Term Loans Unplanned 0 303,545 641,005 159,305 308,701 120,740 0

Ranks U18T1 U18T2 U18T3 U18T4 U18T5 U18T6 U18T7

Share Price at the end of the round 6 7 10 3 9 1 5
EBITDA 10 6 9 2 7 1 3
Net Profit for the round 10 7 9 5 6 1 2
Market Share (Global) 2 4 9 5 8 3 10
Cumulative Shareholder Return 6 7 10 3 9 1 5
Inventory Management Cost 2 8 9 6 10 4 7
Short Term Loans Unplanned 1 8 10 6 9 5 1

Score U18T1 U18T2 U18T3 U18T4 U18T5 U18T6 U18T7

Share Price at the end of the round 0.50 0.40 0.10 0.80 0.20 1.00 0.60
EBITDA 0.10 0.50 0.20 0.90 0.40 1.00 0.80
Net Profit for the round 0.10 0.40 0.20 0.60 0.50 1.00 0.90
Market Share (Global) 0.90 0.70 0.20 0.60 0.30 0.80 0.10
Cumulative Shareholder Return 0.50 0.40 0.10 0.80 0.20 1.00 0.60
Inventory Management Cost 0.90 0.30 0.20 0.50 0.10 0.70 0.40
Short Term Loans Unplanned 1.00 0.30 0.10 0.50 0.20 0.60 1.00
Total Score 4.00 3.00 1.10 4.70 1.90 6.10 4.40
Final Rank 6 7 10 4 9 2 5
U18T8 U18T9 U18T10
156.96 188.80 235.38
65,020.00 234,540.00 206,351.00
-137,131 53,195 25,837
8.84 7.18 14.45
-21.33 -5.36 17.98
7375 9597 3330
247,104 0 0

U18T8 U18T9 U18T10

8 4 2
8 4 5
8 3 4
6 7 1
8 4 2
3 5 1
7 1 1

U18T8 U18T9 U18T10

0.30 0.70 0.90
0.30 0.70 0.60
0.30 0.80 0.70
0.50 0.40 1.00
0.30 0.70 0.90
0.80 0.60 1.00
0.40 1.00 1.00
2.90 4.90 6.10
8 3 1
 Team
Values U18T1 U18T2 U18T3 U18T4 U18T5 U18T6 U18T7
Share Price 136.43 140.93 107.59 233.36 12.14 276.74 134.10
EBITDA 192,977.00 252,982.00 191,074.00 277,611.00 44,138.00 411,596.00 38,954.00
Net Profit 83,641 16,570 23,179 115,082 -268,699 222,567 -155,382
Market Sha 9.52 9.63 8.48 13.55 4.43 14.72 8.78
Cumulative -17.30 -15.95 -26.56 8.15 -74.44 17.78 -17.81
Inventory 19584 40949 40528 19461 65674 12475 21247
Short Term 0 572,631 0 0 1,053,796 0 0

Ranks U18T1 U18T2 U18T3 U18T4 U18T5 U18T6 U18T7

Share Price 6 5 8 2 10 1 7
EBITDA 5 4 6 3 8 1 9
Net Profit 4 7 6 3 10 1 8
Market Sha 6 5 8 2 10 1 7
Cumulative 6 5 8 2 10 1 7
Inventory 5 9 8 4 10 3 6
Short Term 1 8 1 1 10 1 1

Score U18T1 U18T2 U18T3 U18T4 U18T5 U18T6 U18T7

Share Price 0.50 0.60 0.30 0.90 0.10 1.00 0.40
EBITDA 0.60 0.70 0.50 0.80 0.30 1.00 0.20
Net Profit 0.70 0.40 0.50 0.80 0.10 1.00 0.30
Market Sha 0.50 0.60 0.30 0.90 0.10 1.00 0.40
Cumulative 0.50 0.60 0.30 0.90 0.10 1.00 0.40
Inventory 0.60 0.20 0.30 0.70 0.10 0.80 0.50
Short Term 1.00 0.30 1.00 1.00 0.10 1.00 1.00
Total Sc 4.40 3.40 3.20 6.00 0.90 6.80 3.20
Final Ra 5 6 7 2 10 1 7
 U18T8 U18T9 U18T10
197.76 103.77 217.95
176,324.00 13,480.00 304,600.00
82,867 -248,719 171,796
12.52 6.28 12.10
-0.44 -27.88 4.56
9450 38972 9585
0 805,330 0

U18T8 U18T9 U18T10

4 9 3
7 10 2
5 9 2
3 9 4
4 9 3
1 7 2
1 9 1

U18T8 U18T9 U18T10

0.70 0.20 0.80
0.40 0.10 0.90
0.60 0.20 0.90
0.80 0.20 0.70
0.70 0.20 0.80
1.00 0.40 0.90
1.00 0.20 1.00
5.20 1.50 6.00
4 9 2
 Team
Values U18T1 U18T2 U18T3 U18T4 U18T5 U18T6 U18T7 U18T8
Share Price at the end of the round 131.08 113.47 108.65 215.29 13.32 230.62 112.07 171.70
EBITDA 244,475.00 -522,121.00 113,969.00 166,295.00 -18,789.00 107,133.00 -25,137.00 141,444.00
Net Profit for the round 182,504 -805,750 46,142 18,803 -391,986 -114,402 -219,098 62,257
Market Share (Global) 8.58 10.40 10.37 13.04 5.89 12.35 8.50 11.77
Cumulative Shareholder Return -13.01 -17.15 -18.29 2.77 -58.47 4.95 -17.31 -4.88
Inventory Management Cost 30077 40988 27556 22863 76958 20723 30564 12706
Short Term Loans Unplanned 0 629,281 0 0 0 0 0 91,523

Ranks U18T1 U18T2 U18T3 U18T4 U18T5 U18T6 U18T7 U18T8

Share Price at the end of the round 5 6 8 2 10 1 7 4
EBITDA 1 10 5 3 8 6 9 4
Net Profit for the round 1 10 3 5 9 6 8 2
Market Share (Global) 7 5 6 1 10 2 8 3
Cumulative Shareholder Return 5 6 8 2 10 1 7 4
Inventory Management Cost 6 8 5 3 10 2 7 1
Short Term Loans Unplanned 1 10 1 1 1 1 1 9

Score U18T1 U18T2 U18T3 U18T4 U18T5 U18T6 U18T7 U18T8

Share Price at the end of the round 0.60 0.50 0.30 0.90 0.10 1.00 0.40 0.70
EBITDA 1.00 0.10 0.60 0.80 0.30 0.50 0.20 0.70
Net Profit for the round 1.00 0.10 0.80 0.60 0.20 0.50 0.30 0.90
Market Share (Global) 0.40 0.60 0.50 1.00 0.10 0.90 0.30 0.80
Cumulative Shareholder Return 0.60 0.50 0.30 0.90 0.10 1.00 0.40 0.70
Inventory Management Cost 0.50 0.30 0.60 0.80 0.10 0.90 0.40 1.00
Short Term Loans Unplanned 1.00 0.10 1.00 1.00 1.00 1.00 1.00 0.20
Total Score 5.10 2.20 4.10 6.00 1.90 5.80 3.00 5.00
Final Rank 4 9 6 1 10 2 7 5
U18T9 U18T10
102.94 190.74
54,411.00 203,663.00
-121,977 42,255
8.18 10.91
-19.79 -1.28
43485 25658
0 0

U18T9 U18T10
9 3
7 2
7 4
9 4
9 3
9 4
1 1

U18T9 U18T10
0.20 0.80
0.40 0.90
0.40 0.70
0.20 0.70
0.20 0.80
0.20 0.70
1.00 1.00
2.60 5.60
8 3
 Team
Values U18T1 U18T2 U18T3 U18T4 U18T5 U18T6 U18T7
Share Price at the end of the round 147.40 69.78 33.77 283.31 17.45 126.09 50.18
EBITDA 173,661.00 119,634.00 241,939.00 448,816.00 151,231.00 71,552.00 100,864.00
Net Profit for the round 42,435 -45,368 175,559 319,950 -85,818 -41,157 -114,902
Market Share (Global) 11.40 10.77 6.64 14.08 7.38 11.39 8.06
Cumulative Shareholder Return -3.01 -11.02 -17.84 4.56 -22.96 -4.97 -13.99
Inventory Management Cost 27,495 45,787 58,996 12,895 22,493 9,059 13,834
Short Term Loans Unplanned 17,018 98,169 276,530 0 0 48,387 283,776

Ranks U18T1 U18T2 U18T3 U18T4 U18T5 U18T6 U18T7

Share Price at the end of the round 2 7 9 1 10 6 8
EBITDA 6 8 4 1 7 10 9
Net Profit for the round 6 8 4 1 9 7 10
Market Share (Global) 3 5 10 1 9 4 8
Cumulative Shareholder Return 2 7 9 1 10 6 8
Inventory Management Cost 8 9 10 3 7 2 4
Short Term Loans Unplanned 6 8 9 1 1 7 10

Score U18T1 U18T2 U18T3 U18T4 U18T5 U18T6 U18T7

Share Price at the end of the round 0.90 0.40 0.20 1.00 0.10 0.50 0.30
EBITDA 0.50 0.30 0.70 1.00 0.40 0.10 0.20
Net Profit for the round 0.50 0.30 0.70 1.00 0.20 0.40 0.10
Market Share (Global) 0.80 0.60 0.10 1.00 0.20 0.70 0.30
Cumulative Shareholder Return 0.90 0.40 0.20 1.00 0.10 0.50 0.30
Inventory Management Cost 0.30 0.20 0.10 0.80 0.40 0.90 0.70
Short Term Loans Unplanned 0.50 0.30 0.20 1.00 1.00 0.40 0.10
Total Score 4.40 2.50 2.20 6.80 2.40 3.50 2.00
Final Rank 5 7 9 1 8 6 10
 U18T8 U18T9 U18T10
142.29 139.02 131.96
271,970.00 353,208.00 183,973.00
198,652 247,465 98,885
8.75 11.47 10.06
-3.44 -3.67 -4.22
6,042 20,458 17,215
0 0 0

U18T8 U18T9 U18T10

3 4 5
3 2 5
3 2 5
7 2 6
3 4 5
1 6 5
1 1 1

U18T8 U18T9 U18T10

0.80 0.70 0.60
0.80 0.90 0.60
0.80 0.90 0.60
0.40 0.90 0.50
0.80 0.70 0.60
1.00 0.50 0.60
1.00 1.00 1.00
5.60 5.60 4.50
3 2 4
 Team
Values U18T1 U18T2 U18T3 U18T4 U18T5 U18T6 U18T7
Share Price at the end of the round 147.40 69.78 33.77 283.31 17.45 126.09 50.18
EBITDA 173,661.00 119,634.00 241,939.00 448,816.00 151,231.00 71,552.00 100,864.00
Net Profit for the round 42,435 -45,368 175,559 319,950 -85,818 -41,157 -114,902
Market Share (Global) 11.40 10.77 6.64 14.08 7.38 11.39 8.06
Cumulative Shareholder Return -3.01 -11.02 -17.84 4.56 -22.96 -4.97 -13.99
Inventory Management Cost 27,495 45,787 58,996 12,895 22,493 9,059 13,834
Short Term Loans Unplanned 17,018 98,169 276,530 0 0 48,387 283,776

Ranks U18T1 U18T2 U18T3 U18T4 U18T5 U18T6 U18T7

Share Price at the end of the round 2 7 9 1 10 6 8
EBITDA 6 8 4 1 7 10 9
Net Profit for the round 6 8 4 1 9 7 10
Market Share (Global) 3 5 10 1 9 4 8
Cumulative Shareholder Return 2 7 9 1 10 6 8
Inventory Management Cost 8 9 10 3 7 2 4
Short Term Loans Unplanned 6 8 9 1 1 7 10

Score U18T1 U18T2 U18T3 U18T4 U18T5 U18T6 U18T7

Share Price at the end of the round 0.90 0.40 0.20 1.00 0.10 0.50 0.30
EBITDA 0.50 0.30 0.70 1.00 0.40 0.10 0.20
Net Profit for the round 0.50 0.30 0.70 1.00 0.20 0.40 0.10
Market Share (Global) 0.80 0.60 0.10 1.00 0.20 0.70 0.30
Cumulative Shareholder Return 0.90 0.40 0.20 1.00 0.10 0.50 0.30
Inventory Management Cost 0.30 0.20 0.10 0.80 0.40 0.90 0.70
Short Term Loans Unplanned 0.50 0.30 0.20 1.00 1.00 0.40 0.10
Total Score 4.40 2.50 2.20 6.80 2.40 3.50 2.00
Final Rank 5 7 9 1 8 6 10
 U18T8 U18T9 U18T10
142.29 139.02 131.96
271,970.00 353,208.00 183,973.00
198,652 247,465 98,885
8.75 11.47 10.06
-3.44 -3.67 -4.22
6,042 20,458 17,215
0 0 0

U18T8 U18T9 U18T10

3 4 5
3 2 5
3 2 5
7 2 6
3 4 5
1 6 5
1 1 1

U18T8 U18T9 U18T10

0.80 0.70 0.60
0.80 0.90 0.60
0.80 0.90 0.60
0.40 0.90 0.50
0.80 0.70 0.60
1.00 0.50 0.60
1.00 1.00 1.00
5.60 5.60 4.50
3 2 4
Score U18T1 U18T2 U18T3 U18T4 U18T5 U18T6 U18T7 U18T8 U18T9 U18T10
Round 1 4.00 3.00 1.10 4.70 1.90 6.10 4.40 2.90 4.90 6.10
Round 2 4.40 3.40 3.20 6.00 0.90 6.80 3.20 5.20 1.50 6.00
Round 3 5.10 2.20 4.10 6.00 1.90 5.80 3.00 5.00 2.60 5.60
Round 4 2.60 4.10 3.20 6.40 1.80 3.50 1.90 4.70 5.30 5.40
Round 5 4.40 2.50 2.20 6.80 2.40 3.50 2.00 5.60 5.60 4.50
Round 6 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Round 7 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Round 8 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Round 9 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Round 10 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Scores 20.5 15.2 13.8 29.9 8.9 25.7 14.5 23.4 19.9 27.6
Score U18T1 U18T2 U18T3 U18T4 U18T5 U18T6 U18T7 U18T8
Round 1 4 3 1.1 4.7 1.9 6.1 4.4 2.9
Round 2 4.4 3.4 3.2 6 0.9 6.8 3.2 5.2
Round 3 5.1 2.2 4.1 6 1.9 5.8 3 5
Round 4 2.6 4.1 3.2 6.4 1.8 4.6 1.9 4.7
Round 5 3.6 5.4 0.9 5.9 2.2 4.6 2.2 4.5
Round 6 3.6 5.8 1 6.7 1.7 6 2.5 4.6
Round 7 6 3.6 1.7 7 1.5 3.9 1.8 5.4
Round 8 6 2.3 1.5 7 1.6 3.9 2.7 5.1
Round 9 4.4 2.5 2.2 6.8 2.4 3.5 2 5.6
Round 10 0 0 0 0 0 0 0 0
Total Scores 39.7 32.3 18.9 56.5 15.9 45.2 23.7 43
Rank 5 7 9 1 10 2 8 4
U18T9 U18T10
4.9 6.1
1.5 6
2.6 5.6
5.3 5.4
5.7 5
4.1 4
4.4 3.8
5.1 3.9
5.6 4.5
0 0
39.2 44.3
6 3
Scoring Criteria for Evaluation Based on Outcome of Performance at the end of each round
Group Rank in the Defined Parameter
Parameter Maximum Score
1 2 3 4 5 6 7 8 9 10 11 12
Share Price at the end of the
1 1.00 0.90 0.80 0.70 0.60 0.50 0.40 0.30 0.20 0.10 0.05 0.00
round
EBITDA 1 1.00 0.90 0.80 0.70 0.60 0.50 0.40 0.30 0.20 0.10 0.05 0.00
Net Profit for the round 1 1.00 0.90 0.80 0.70 0.60 0.50 0.40 0.30 0.20 0.10 0.05 0.00
Market Share (Global) 1 1.00 0.90 0.80 0.70 0.60 0.50 0.40 0.30 0.20 0.10 0.05 0.00

Cumulative Shareholder Return 1 1.00 0.90 0.80 0.70 0.60 0.50 0.40 0.30 0.20 0.10 0.05 0.00

Inventory Management Cost 1 1.00 0.90 0.80 0.70 0.60 0.50 0.40 0.30 0.20 0.10 0.05 0.00

Short Term Loans Unplanned 1 1.00 0.90 0.80 0.70 0.60 0.50 0.40 0.30 0.20 0.10 0.05 0.00