This document is being provided for the exclusive use of GABRIELA BARRENO at [FIRM]. Not for redistribution.

ADS GR Equity
ADIDAS AG (Diseño de ropa/calzado/acc)
adidas AG fabrica calzado y equipos deportivos. Elabora productos que incluyen calzado, ropa deportiva, palos de golf y pelotas. Vende sus productos en todo el mundo.
[FIGI BBG000FR1Q22]

Beneficios y estimaciones Datos del mercado

199.00
Próxima fecha de anuncio 03/14/18
PER EUR 27.44 190.60
PER est 12/17 27.32 182.20
BPA U12m 6.63
173.80
BPA est 6.66
165.40
157.00
3/ 4/ 5/ 6/ 7/ 7/ 8/ 9/ 10 11 12 1/
3/ 2/ 2/ 1/ 1/ 31 30 29 /2 /2 /2 27
20 20 20 20 20 /2 /2 /2 9/ 8/ 8/ /2
17 17 17 17 17 01 01 01 20 20 20 01
7 7 7 17 17 17 8

Info corporativa
Prc/Var1D (EUR) 181.95/
Máx 52s (08/04/17) 202.10
Adi-Dassler-Strasse 1 www.adidas-group.com
Mín 52s (02/27/17) 153.70
D-91074 Herzogenaurach T: 49-9132-84-0
Var YTD/% 14.80/8.85%
Germany Empleados 55,414 (09/30/17)
Cap merc EUR 38,066.9M
Chairman-Mgmt Board/CEO Kasper B Rorsted
Acc circ/flot 209.2M/203.7M
CFO/Member-Mgmt Board Harm Ohlmeyer
Chief Human Resources Officer Karen Parkin

Ingreso Beneficios por acción

30B 10

25B 8

20B 6

15B 4

10B 2

5B

B -2

2014 2015 2016 2017 2018 2019 2014 2015 2016 2017 2018 2019
FY 14.53B 16.92B 19.29B 21.29B 23.16B 25.30B FY 3.38 3.27 4.99 6.66 7.89 9.38
Q1 3.53B 4.08B 4.77B 5.67B 5.89B -- Q1 0.98 1.23 1.71 2.23 2.46 --
Q2 3.47B 3.91B 4.40B 5.04B 5.53B -- Q2 0.69 0.73 1.45 0.78 1.91 --
Q3 4.01B 4.76B 5.41B 5.68B 6.34B -- Q3 1.34 1.78 1.88 2.46 3.10 --
Q4 3.61B 4.17B 4.69B 5.12B 5.63B -- Q4 0.03 -0.11 -0.03 0.11 0.30 --

Ratios
Fin año fiscal * Fin últ trimestre ~ Current/T12M
12/2016 09/17 Q3 EUR
Emisión Por acción Análisis de flujos de caja
~ Last Px EUR/181.95 ~ EPS 5.08 ~ P/CF 21.0
~ P/E 27.4 ~ EPS T12M 6.63 ~ Curr P/FCF 35.1
~ Dvd Ind Yld 1.1% ~ DPS 2.00 ~ CF/NI 1.3
~ P/B 5.71 ~ Bk Val Per Sh 31.89 ~ Dvd P/O 39.7%
~ P/S 1.7 ~ Rev/Bas Sh 96.36 ~ Cash Gen/Cash Reqd 1.5
~ Curr EV/T12M EBITDA 15.8 ~ T12M CPS 8.65 ~ Csh Dvd Cov 2.5
~ Mkt Cap 38,066.9M ~ Curr Shares Out 209.2M ~ CFO/Sales 7.1%
~ Curr EV 37,983.9M ~ Eff IR 4.1%

Crecimiento Rentabilidad Estructura

~ EPS - 1 Yr Gr 50.7% ~ EBITDA 1.9B ~ Curr Ratio 1.3
~ Cap 1Y Gr 8.0% ~ EBIT 1.5B ~ Quick Ratio 0.6
~ BPS 1Y Gr 13.5% ~ OPM 7.7% ~ Debt/Assets 10.7%
~ Retntn Rt 60.3% ~ Prtx Mrgn 7.5% ~ Debt/Com Eq 25.0%
~ Rev - 1 Yr Gr 14.0% ~ ROA 7.8% ~ A/R Trnovr 7.6
~ Empl 1Y Gr 9.1% ~ ROE 17.9% ~ EBIT/Tot Int Exp 21.3
~ Ast 1Y Gr 13.7% ~ ROC 14.6%
~ Ast TO 1.4

This report may not be modified or altered in any way. The BLOOMBERG PROFESSIONAL service and BLOOMBERG Data are owned and distributed locally by Bloomberg Finance LP (“BFLP”) and its subsidiaries
in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the (“BFLP Countries”). BFLP is a wholly-owned subsidiary of Bloomberg LP (“BLP”). BLP provides BFLP with all the global marketing
and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. BFLP, BLP and their affiliates do not provide investment advice,
and nothing herein shall constitute an offer of financial instruments by BFLP, BLP or their affiliates.

Bloomberg ® 02/26/2018 18:39:18 1

 This document is being provided for the exclusive use of GABRIELA BARRENO at [FIRM]. Not for redistribution.

ADS GR Equity
Segmentación geográfica Resumen de tenencias
2016 Rev 3Yr Gr Tenencias instituc | OWN »
Western Europe 5.29B 11.89% Titulares 681
North America 3.41B 2.13% Acciones 145.24M
Greater China 3.01B 22.06% Vigentes/Flot 69.4%/71.3%
MEAA 2.69B N.A. Compradores/vend 234/224
Other 3.42B N.A. Vendidas 1.21M

Segmentación por producto

2016 Rev 3Yr Gr
Reportable Segments 17.82B N.A.
Other Businesses(continuing operations) 1.48B -3.80%

Accionistas | HDS »
Info de emisión | RELS » GROUPE BRUXELLES LAMBERT SA 7.50%
BLACKROCK 7.04%
Valor Common Stock FMR LLC 5.31%
Bolsa pr Xetra NNS LUXEMBOURG SARL 3.46%
Pri MIC XETR CAPITAL GROUP COMPANIES INC 3.02%
Incorp ALEMANIA SOUTHEASTERN ASSET MANAGEMENT I 3.00%
FIGI BBG000FR1Q22 LONE PINE CAPITAL LLC 3.00%
ISIN DE000A1EWWW0
SEDOL1 4031976 DE
Common 054153597
Núm WPK A1EWWW
Ponderaciones bursátiles
Sicovam 936246
Euro Stoxx 50 Pr N.A.
DAX INDEX N.A.
STXE 600 € Pr N.A.
ESTX € Pr N.A.
BLOOMBERG EUROPEAN 500 0.410%
MSCI EURO 1.049%
MSCI PAN-EURO 0.551%
STXE 600 Per&HouGds € Pr N.A.
HDAX INDEX N.A.
DAX PRICE INDEX N.A.

Dividendo | DVD »
EUR
Rend bruto ind 1.10%
Crec neto 5AÑ 14.87%

This report may not be modified or altered in any way. The BLOOMBERG PROFESSIONAL service and BLOOMBERG Data are owned and distributed locally by Bloomberg Finance LP (“BFLP”) and its subsidiaries
in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the (“BFLP Countries”). BFLP is a wholly-owned subsidiary of Bloomberg LP (“BLP”). BLP provides BFLP with all the global marketing
and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. BFLP, BLP and their affiliates do not provide investment advice,
and nothing herein shall constitute an offer of financial instruments by BFLP, BLP or their affiliates.

Bloomberg ® 02/26/2018 18:39:18 2