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2.0 Francia Management 22 Francia Marageer Conca an Tecnu Pant, Canal & Dackon Marg 221 Neen sean Commie nace! sere) 2212 Nowa ataus end peremages ange sh 2213 Ceantow ana mopevaion cf cas towne cosh Now canes) 2214 Gro ret var ray lve, on a yur 3212 emanate src. acy poi glow rte ros: u Part moss) 2218 Fnanaa feos tg cate unseen ABN 2.21 Francis statement ane rasa corset oc it ptr ti, et ts rg, emt en seine a cee eave seine eng mrsvemmeenceecenesn omee * Promo of he business tm 8 meiceso ete the peo carps ron elon me st of me bushes, PMs zest of eine nt vio 5 ‘tera re ur eo of pay seer yl aie smo anneen cn en ee cpa ih hae etn Ah ey {Snrectn apo, ts covsnetrecestny neat ha he pany poate 2 Th aby fo meets obigntone Seung iq nesses twee wth ich navi ecorpsy can meth Mariage he au eet vai ere Big ote cee yh yy ry rer ep stop ecto pte me tea is + Sty ttn vesowe nin tudes ay Peay was enpray pe such a decree es ck cap croc erly cme Arango {sat fo ants van eat eta nl ht yu ceive neta ot ot bees ary se «tectnenes ef management infringe tm Tver scouring crap hata hon que 9 buses cond opens Mos! cen AeTove se una om ‘cays cangany cee cash fo scoinsecehaahaw ae cmeny ste sve + Ste compary marsetaby Wasatyameasie he sty cect be Dah nS. tee en ace wares oa ech as goo rake, May ‘Start tut, eop tlt res ae va oh sac I reare, wees manta mp races Rae sory can bebe aNs sal sey. 224: Verte anajse common ie rani satan ears any is merci sstret ras tecngue wn ac ne sie 8 pereran nthe steer Tos, ome sxe ne has canbe genes prcerng ges nes Saane atest ne on an cprsses as 8 puters ta Sees or ashen, sa vone saya fsa tow Henan she earn soon nano aon ses Fc fel cash ows 7 e ‘eral ani nates comping arta sates moe cary a read sos te uch eal. Ts uo ably ose teetering of scat ane xpi ate compar ep rr srs raya oh ce: ua aaa ies peta ran ona whe meee we MO For explain he vats exponen tare nh cone stone 2 percentage of ls, on can cee thay fet prt mari nd wheter potaiy mgrovig ve ee AS sreut in daer to corps nconpans Sosy at es compos es : 2 Ihnetescomerng he ues nthe satenees a concn ste eas, pecenanes. Comer frac sstenors aca Conon Sze Far Steers, Gonmonsie far Fotange otal aes une conmorsee esha sumer ass een an capes ssa pearage oes ern Relocate ASU AS | Camoteend oval te changes nisl erst ave kn place om yearn yin elton he tas, tl ates an ane ey ota net ss 2 Camgteatunt of omar congas a saree one cman) we seers nee est a eve Pe cur nae potion se pea 5 Conon rane saeners often negate camara rani semen al else colins compat ec ne leno a ey fpr pts For ang spore Cte as os Ss OPS radi tts GIP oan rd ae pn oP a 2% ao eat nai ete maa ea Cent gate stant 2 eset ‘oco00 oo ‘Genera Adrirsie Expenses zo os ‘pert nae Zone os Tas 5) soon ‘oe Netneone isan oo 22:12 Horontal ana rend pareenages and nex onais rayne io mouse eae dagen totes tetera ere at poet me no te ise examen ae Rca eran Plc Seton h on Sera et ere BONSaS ‘imprenanse per topes rete venga aves companys pearance onsen peng enemy mean Return on Cue ony = Eng ter Tere. Ouer Et, |. Earns Pe hae = Earns Ar Tx Petered viens (3) \Sfbsues enon oret cme ea buy ech crn stare ‘Measures ie oman o creases este, Stone peta each omar cure ares ‘Tres ene os comony used aos Rutan ass Markets res ow ran Wstunens canbe qc carvers to ash a easnebie pe, | Pctzarings Ratio) = Pre Pe Shae Eamngs Pr stre ites tena psas eed uP of earings 2 Denard ren rds Se 2 Oaend Payouts Oxdnay OMdend Pc Sate Earngs Par Share ‘seas te poprban tears dod 2 Maen Pow bck on 1 Payout ato “emis parr of omhgs vod orto anche + Eamnge vie = Euings Pa Shae Pee Pat Share ‘exemies now much i be same ee 1 rose, 6 He recpocl ot PReSESngS to. DuPont Equation The DuPont nays (ao iawn a te DsPontcenty or DuPont moh a tamswor ran unanentpeomanc pepe ye DuPont Cerprton DuPont sais ust secre tea rrp re as emo ay (ROR) Te Ganon NOE slows ass fos on Meh Mia nee Proare MeM e Teas ‘sbuPont stale ued erate canpentt part a empan/teen o equly ROE) Te lows an resto etre a nal cies ae corp Ne mle cane ‘ROE het at a esheets oeinl MSecy eo: anaerca ae SuPer ape ey eo eataanes ia Se beaten, Tete at yee map Marca mee mat cv reo ety ROE> peg een att we eficency. an ran eeag, Opting eficency reared rl ptt argh at lnc ea alse reve Ree ee ay trated by eae teak Levine Massey he egy mister nich seas mera ass dey Breage ey raroneeemeas ‘Teaeice™ Tomcaime Shoes ney Te nett magn ne to of torneo cngate nl even alan, Tis ne fe rst as memes of prefab Te ase eroverato measures hotest 2 compan ae ear eaa gaara tevrun Fara loteage or eee nan nas eras a Carparys aot atts ane macs i «bigot rarest an anya cng to wat dives anges ROE, hy an ROE ls caneree gh row Tali, «Dupe ral can ap dese whee fs ray se ca auui reat as erg ROE 2256 Francia forecasting sng atonal uns needed) en 2 Eye how mn ea wr been ate cn ats ok etn Pe Wn ss hears a ee eee Tre aipites mu AF roca ncrese in atts —speaous ine nates ayer nad aig, Ire yaue reat, smears he aon ret which beg deren wl generate ea ize te cangany mich an be neste shee Tre matters rule sedn dere AF te ze on shows nl ow rae ow anaes ase hen pec erate aca eed os tcelarine vata a greet of operaonal panes worn sen ass Wiss -US1R) {genes ies te aoe es Fite eterno fom net nome aq 1 nse Mens payout: gar cons te ot ected)

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