TP Catalyst Brussels, September 2013

Modules and versions TP Catalyst • 3 modules Companies Royalty agreements Inter-company loans • 2 versions Standard: wizard-led, ends with the generation of a TP report Pro: search similar to Orbis, ends with a list to be exported (switch via settings/user preferences) • Monthly updating • Historical releases are available on the internet. (This is unique for BvD products) Any saved analysis (tpb file) can be used in more recent releases September 2013

TP methods TP Catalyst Profit based methods • Scope of analysis: Orbis or subset of Orbis ( region/ listed companies) • Standard version: wizard with 8 steps. Output is a TP report. • Pro version: more selection criteria (including boolean searches) Output is a customisable list of companies, which can be exported to Excel. Transaction based methods • Royalty agreements database (ktMINE) • Intercompany loans database (CUFTanalytics) September 2013

Companies database TP Catalyst • Based on Orbis indexation, but limited to Industrial companies Companies with recent accounts ( LAY >= 2008)  this explains the difference between Orbis (120 mil cos) and TP (20 mil cos) • Data source for analysis: Access by region / size of companies ( based on access granted on the admin site + selection in step 1 of TPC) Any companies: Orbis global format Listed companies: idem or Detailed format level financials September 2013

Royalty agreements database TP Catalyst Royalty agreements database • IP : ktMINE (US company) 13,500 agreements sourced mainly from SEC filings • Content of a record Synopsis and structured information Royalty rate summary: level, agreement base and value Original text of the agreement • This data is also available in other BvD products ( Orbis, Osiris, Amadeus, …) September 2013

Loan agreements database TP Catalyst Loan agreements database • IP : Cuft Analytics (Canadian company) 4,000 agreements sourced mainly from SEC filings • Content of a record Transaction overview: lender, borrower … Transaction terms: date, amount, borrower probability of default… Pricing details: reference rate, lending margin, other fees Original text of the agreement • Credit rating and Probability of default based on ModeFinance models. S&P models will be added in the future (reserved for selected clients) • The CUFT data is not available in other BvD products September 2013

The wizard led approach (standard version) TP Catalyst The wizard led approach (standard version) • Step 1 - General parameters • Step 2 - Tested party selection (optional) • Step 3 - Documentation narrative and functional analysis (optional) • Step 4 - Transfer pricing method selection overview (optional) • Step 5 - Potential comparable population selection (max 2,000 companies, 50 royalty agreements, 30 loan agreements) • Step 6 - Detailed review and rejection matrix • Step 7 - PLI selection and parameters for adjustments • Step 8 – Benchmark analysis results At any time, the TP analysis report can be generated, then exported September 2013

The wizard led approach (pro version) TP Catalyst The wizard led approach (pro version) • Step 1 - General parameters • Step 2 - Potential comparable population selection • Step 3 - Selection of comparables and rejection matrix • Step 4 - List of comparables and benchmarking data • Step 5 - Statistical distribution Specific list formats can be created in step 3 and 4. These lists can be exported September 2013

Features recently added TP Catalyst Features recently added • The « shield »: ignore screening for manually added companies (standard version) • Weighted averages for all ratios in the search/screening functions • Languages: Spanish, German, Chinese, Japanese, Korean, Russian (end 2013) • Own data: at level of Global format , but also for Detailed financials and TP specific items (for scope = listed companies) • Working capital adjustments using distinct interest rates (companies database) • Screening on 10 years of financials • Statistical distribution of the companies accepted ( Pro version) September 2013

Other important features TP Catalyst Other important features • Add-in • Webservice Possibility to save a search in TP Catalyst (Pro version) This can be used in a webservice • Links to Orbis: original documents, industry research reports • IBFD documentation (International Bureau of Fiscal Documentation) September 2013

Pricing ( revision in Feb 2013) TP Catalyst Pricing ( revision in Feb 2013) (See new price list on the Intranet ) • Subscription: allows access to both standard and Pro versions - in house analyses: surcharge of 25% of the fee paid for the product(s) of BvD used with TP Catalyst (with a minimum of 8,000 EUR). - analyses(2) on behalf of third parties only: surcharge of 33% of the fee paid for the product(s) of BvD used with TP Catalyst (with a minimum of 20,000 EUR). • PPV per analysis (including access to the data): - 3,000 credits (companies database) - 2,000 credits ( Royalty / Intercompany loans databases) Note: A company benchmark analysis on the Standard version will be counted once a search for potentially comparable companies (step 5) has been launched and the benchmark report has been printed or exported. - A company analysis on the Professional version will be counted once the list is displayed (step 3), with the possibility to modify the list as long as the results of step 2 remain unchanged September 2013

Request for access to TP Catalyst • Trials can be set by the BvD offices • Paying access can be granted by BvD Brussels  You create the client + users on the admin site  Then contact invoices@bvdinfo.com  Clearly indicate the client name as on the admin site  Precise the type of access requested September 2013

Contacts and support TP Catalyst • Luis Carrillo is our TP specialist • Contacts in Brussels Alexis Tsitrimbinis: Qualtity control and user support Rita Delacroix : product manager Audrey Simonian and Sophie Karassavidis: access granting September 2013

User support TP Catalyst Levels • First line: BvD local office • You can contact Luis Carrillo for questions related to TP practices • For more “technical” questions or trouble shooting, you can contact Brussels (Alexis / Rita) . Please also copy Luis What to do ? Carefully check options in step 1 and selection criteria (years selected, financial format selected Always compare against Orbis corresponding indexation  If you cannot solve the issue, we need the following information - TP release - tpb file - version (std or pro) and module - scope of analysis - user login - date and time when problem occurred - confirm whether or not you reproduce the issue September 2013