WestIieId roup w0C

westielJ C|uuu ,w0C is or irte|roll] aoroeJ, .e|ticoll]

irte|oteJ, s|uuuir cert|e |uuu urJe|to|ir uwre|s|iu,
Je.eluuaert, Jesir, curst|uctiur, urJslosset
aoroeaert, u|uue|t] aoroeaert, leosir orJ ao||etir
octi.ities. w0C |os irte|ests ir orJ uue|otes s|uuuir
cert|e uu|tulius wit| ir.estaert irte|ests ir 111 s|uuuir
cert|es oc|uss /ust|olio, t|e uriteJ Stotes, t|e uriteJ
KirJua, lew ZeolorJ orJ B|o/il, ercuauossir o|uurJ
Z3,+00 |etoil uutlets.
C|oi|aor || |uw]
CE0lM0 |S |uw], SM |uw]
Sec|eto|] MT McC|ot|, SJ Turer
/uJitu| E|rst 8 Yuur
Teleu|ure. -1 Z 935c /000
weusite. www.westielJ.cua.ouloul
/JJ|ess. c5 Costle|eo| St
S]Jre] lSw Z000
Reist|] weusite. www.cuauute|s|o|e.cua.ou
8trategy AoaIysis os ot 15.0Z.Z01Z
w0C curtirues tu eruorJ its uu|tuliu, u|iao|il] t||uu| t|e
Je.eluuaert u suue||eiurol cert|es. lr u|Je| tu uuust
|etu|r ur euit], w0C |os sirce Z010, ueer u|u|essi.el]
|eJucir its uwre|s|iu irte|est ir its ossets. T|is u|u.iJes
|eote| uue|otiurol le.e|oe os w0C curtirues tu aoirtoir
uwre|s|iu u t|e utu|e Je.eluuaert uiuelire orJ cert|e
aoroeaert. /cuisitiurs orJ cu|uu|ote octi.it] o|e
cursiJe|eJ less ott|octi.e t|or Je.eluuaert Jue tu st|ur
cuauetitiur u| uolit] cert|es. |urJir is suu|ceJ |ua
Jeut, euit] orJ juirt .ertu|e uo|tre|s os well os st|oteic
osset soles.
FioaociaI Fositioo
1Z10 SMil 1Z11 SMil
Cos| Z10 19
lr.estaerts 0 0
Recei.oules / 131
Cu||ert /ssets Z0+/ Z0c0
|ur Te|a lr.estaerts 91cZ 10501
||uue|t] ZZ9ZZ Z310c
Tutol /ssets 35950 3c5c
|o]oules 130/ 193c
Cu||ert |iouilities Z/c +10Z
|urTe|a 0eut 1+353 1Z00+
Tutol |iouilities 191+/ 19c3/
Tutol Euit] 15Z 1/+c
6ooseosus uut u + orol]sts
Cu||ert Z01ZE Z013E
||icelEo|rirs 1/.0c 1.+ 15.Z5
0i.iJerJ YielJ +. +./ +./5
E|S,S 0.Z 0.+ 0.9
0|S,S 0.+c 0.5 0.5
Mkt 6ap MiI Iovesteot 8tyIe Last Frice 8hares Issued I68 Iodustry roup
SZ3,+/1

10.53 ZZZc.93 Reol Estote
- 1.c 1c.3+ Z1.1c Z3.+9 Z1.3c 1+.33 13.+/ 10.Z0 10./ /rruol ||ice |i|
- 1+.+5 15.c 1.ZZ 1c.15 1Z.35 c.c 9.5c /.Z1 /./ |uw
1.9
11.3
5.
0oil] Cluse
S8|l/SX /ll 0|Js
Sectu| /.e|oe
5Z w| |i|l|uw
10./l/.c
Z3+.
11/.3
T|oJir Vuluae ,Mil
003 1Z0+ 1Z05 1Z0 1Z0/ 1Z0c 1Z09 1Z10 1Z11 1Z1Z FerIoraoce
- 0.00 1/.30 Z3.Z9 +.9+ 3+.50 5.++ +.3 13.35 +Z.00 Tutol Retu|r
- 0.00 3.c0 1./0 13.03 5.c9 3+.13 0.1/ 1.1c - -l Mo||et
003 1Z0+ 1Z05 1Z0 1Z0/ 1Z0c 1Z09 1Z10 1Z11 Cu||ert aIuatioo
0.00 /.05 Z1.5 39.1 Z.1/ 1Z.cZ 15.+1 1Z.1 1Z./ 1.+Z ||icelEo|rirs
1+.3 1.Z 15.1 1.11 1c.c3 1Z.Zc 1Z.11 13.0 13./3 13.99 Mo||et |lE
- 1.+9 1.1 1.5c 1.+ 1.0Z 1.19 1.3Z 1.0 1.+5 ||icelBuu|
0.00 /.59 1.Z 19.3 Z5.91 11.+9 ZZ.13 10.c 11.01 1+.c9 ||icelCos| |luw
0 Z/53 31+0 3/ZZ5 +03 Z5+++ Zcc ZZ1Z0 1/9c/ Z3+/1 Mo||et Cou SMil
- 3.1/ 5.c/ 5.05 5.0/ c.ZZ /.50 .3 .Z0 +.5 0i.iJerJ YielJ
003 1Z0+ 1Z05 1Z0 1Z0/ 1Z0c 1Z09 1Z10 1Z11 FioaociaIs
0 151/ 30c9 3+0+ 31c9 3Z13 3+59 331 19Z3 - Rertol lrcuae SM
0.00 1/.90 Z++.+0 1/.00 Zc./0 +/.50 c.90 1Z.50 5Z.0 - lr.estaert lrcuae SM
Z9+3./0 3+5.10 100c./0 +0+.10 10+/.+0 1Z11./0 /0/.0 9Z.+0 Z0c3.30 - 0t|e| lrcuae SM
c/1 0 99Z - - - - - - - ||uue|t] Eruerses SM
1095 c33 1++5 935 1+9Z 19Z 1cZ5 1/5c 1+Z+ - l|/T Beu|e /us SMil
1095 c33 +Z+/ 55c3 3+3/ - +5c 111+ 1533 - Reuu|teJ let ||uit SMil
Z.+9 3c.10 5.+9 +1.3/ Z.1 /c./c 3.+ /5.9 1.+ - Eo|rirs |e| S|o|e (
1/5Z 1c3 1/1 1/5/ 1c59 19+3 ZZ+3 Z30Z Z303 - S|o|es Mil
0.00 c.Z5 c.9 10.3Z 11.1Z 9.c3 c.1/ /.1 /.Z/ - Buu| Volue |e| S|o|e S
Z11+ 1101 ZZ1 Z53+ Zc/Z Z/05 Z9 Z+5/ Z335 - 0ue| Cos| |luw SMil
- cZ0 c3 c1 5Z 9 +3 +Z Zc - Cou SuerJir SMil
003 1Z0+ 1Z05 1Z0 1Z0/ 1Z0c 1Z09 1Z10 1Z11 FroIitabiIity
- .05 +.// 3./ 3./ 5.c 3./+ .++ 5.53 - Retu|r ur /ssets
- +./ /.+Z 3.99 5.+1 /.9Z /.5/ 10.+ c.50 - Retu|r ur Euit]
- 1c5.Z/ Z19./ Z0.c/ 1cZ.c5 ZZ+.0Z 19+.0+ Z13.95 Z1.55 - |irorciol |e.e|oe
003 1Z0+ 1Z05 1Z0 1Z0/ 1Z0c 1Z09 1Z10 1Z11 FioaociaI heaIth
0 1/c51 19+ Z3+53 Z/59Z Z+/Z Z+113 15Z 1/+c - Tutol Euit] SMil
key ates
|iscol Yeo| ErJ 31 0ec Z01Z |istir 0ote 05 Jul Z00+
/CM Z5 Mo] Z011 0Rl| SusuerJeJ
ivideod history
lrte|ia |irol
0i.iJerJ Er 0ote 13 /u Z01Z 09 |eu Z01Z
0i.iJerJ |o] 0ote 31 /u Z01Z Z9 |eu Z01Z
0|S ( Z+./5 Z+.Z0
||or|ir 0 0
Iodustry peers by Market 6ap
M|t Cou SMil Re. SMil |lE R0E
Stuc|lorJ //53.3 /3 1Z.01 c.ZZ
C|T C|uuu 3+Z./ 5/+ ZZ.0+ +.0/
Major 8harehoIders lu. u s|o|es (Mil[
Meaue|s u t|e |uw] oail] orJ ossuciotes 1c0
Bloc|Ruc| lr.estaert Moroeaert ,/ust... 1+/
Voruo|J lr.estaerts /ust|olio |tJ 1+0
Iovesteot etaiI ||irt 0ote. Z01ZZ01Z |oe 1 u Z
Reu|eserts irorciol ]eo| tu Jote t|e Jo] ote| lost irorciol ]eo| tu o Jo] ueu|e uuulicotiur Jote.
Z01Z Mu|rirsto|, lrc. /ll |i|ts |ese|.eJ. T|e Joto orJ curtert curtoireJ |e|eir o|e rut uo|orteeJ tu ue occu|ote, cuaulete u| tiael]. leit|e| Mu|rirsto|, ru| its oiliotes ru| t|ei| curtert u|u.iJe|s will |o.e or] liouilit] u| use u|
Jist|iuutiur u or] u t|is iru|aotiur. Tu t|e ertert t|ot or] u t|e curtert ouu.e curstitutes oJ.ice, it is ere|ol oJ.ice t|ot |os ueer u|euo|eJ u] Mu|rirsto| /ust|olosio |t] |tJ /Bl. 95 090 5 5++, /|S|. Z+0c9Z ,o suusiJio|] u Mu|rirsto|,
lrc., wit|uut |ee|erce tu ]uu| uujecti.es, irorciol situotiur u| reeJs. Beu|e octir ur or] oJ.ice, ]uu s|uulJ cursiJe| t|e ouu|uu|ioteress u t|e oJ.ice orJ we |ecuaaerJ ]uu uutoir irorciol, leol orJ torotiur oJ.ice ueu|e ao|ir or]
irorciol ir.estaert Jecisiur. l ouulicoule ir.estu|s s|uulJ uutoir t|e |ele.ort u|uJuct Jisclusu|e stoteaert orJ cursiJe| it ueu|e ao|ir or] Jecisiur tu ir.est. Suae aote|iol is cuu]|i|t orJ uuulis|eJ urJe| licerce |ua /SX 0ue|otiurs |t]
|iaiteJ /Cl 00+ 5Z3 /cZ ,'/SX0'. 0lSC|0SuRE. Eaulu]ees ao] |o.e or irte|est ir t|e secu|ities JiscusseJ ir t|is |euu|t. |leose |ee| tu uu| |irorciol Se|.ices CuiJe ,|SC u| au|e iru|aotiur ot www.au|rirsto|.cua.oulsls.uJ.

Iovesteot etaiI iscIosure

6urreocy
/ll iu|es u| stuc|s listeJ ur /ust|olior Stuc| Erc|ore
o|e ir /ust|olior Jullo|s orJ oll iu|es u| stuc|s listeJ ur
lew ZeolorJ Stuc| Erc|ore o|e ir lew ZeolorJ Jullo|s.
usioess escriptioo
/ u|ie Jesc|iutiur u t|e cuauor]'s uue|otiurs orJ
octi.ities. T|is iru|aotiur is uuJoteJ e.e|] sir aurt|s u|
ur t|e |eleose u iauu|tort iru|aotiur ouuut t|e cuauor].
Market 6apitaIitatioo $ iI
T|e ao||et .olue u t|e cuauor]'s euit] couitol. T|is is
colculoteJ u] aultiul]ir t|e ruaue| u cuaaur s|o|es u]
t|e cu||ert u|ice. 0t|e| closses u euit] suc| os
u|ee|erce s|o|es o|e ru|aoll] rut ircluJeJ, erceut ir
ce|toir coses w|e|e t|e s|o|es o|e 'uosiu|Jiro|]'. T|e
aust u|uairert eroaule u t|is is lews Cu|uu|otiur
,lwS, w|e|e we Ju ircluJe t|ei| u|ee||eJ liaiteJ .utir
u|Jiro|] s|o|es ir uu| colculotiur u ao||et .olue.
8tyIe
T|e Mu|rirsto| St]le cursists u rire coteu|ies t|ot
u|u.iJe or u.e|.iew u t|e ir.estaert st|ote]. T|e st]le is
cuau|iseJ u o cuauirotiur u ao||et couitoli/otiur u t|e
secu|it] orJ t|e ir.estaert st]le ,.olue, ulerJ, u| |uwt|.
Last Frice
Stuc| u|ice s|uwr |eu|eserts t|e ao||et u|ice u t|e stuc|
os u t|e aust |ecert cluse u t|oJir os ot t|e |eleose Jote
ruteJ ot t|e tuu u t|e ir.estaert Jetoil uoe.
8hares Issued
Cu||ert ruaue| u u|Jiro|] s|o|es listeJ ur t|e
/ust|oliorllew ZeolorJ Stuc| Erc|ore.
8ector
BoseJ ur StorJo|J 8 |uu|'s Cluuol lrJust|] Clossiicotiur.
/ll cuauories listeJ ur t|e /ust|oliorllew ZeolorJ Stuc|
Erc|ore o|e |uuueJ irtu ure u Z+ irJust|] sectu|s. T|is
clossiicotiur is useJ tu cuauute sectu| o.e|oes orJ
irJust|] uee|s.
FerIoraoce
Tutol Retu|r |eu|eserts s|o|e|ulJe|s' oirs |ua o stuc|
u.e| o i.er ue|iuJ u tiae ,YT0, ure aurt|, t||ee aurt|,
ure, t||ee, orJ i.e ]eo|. Tutol |etu|r ircluJes uut|
couitol oirs orJ lusses orJ Ji.iJerJ uo]aerts. lt is
colculoteJ u] to|ir t|e c|ore ir t|e stuc|'s u|ice os u
t|e cluse u t|oJir u t|e |esuecti.e ue|iuJ, ossuair t|e
|eir.estaert u oll Ji.iJerJs, t|er Ji.iJir u] t|e iritiol
stuc| u|ice, orJ eru|essir t|e |esult os o ue|certoe.
Retu|rs u| ue|iuJs lure| t|or ure ]eo| o|e orruoli/eJ.
Retu|rs Ju rut ircluJe u|u|e|oe cuaaissiur u| t|e eects
u torotiur.
8trategy AoaIysis
Mu|rirsto| /rol]sts' .iew u t|e cuauor]'s st|ote]
uoseJ ur t|e lotest irorciol |euu|t.
FioaociaIs
Re.erue orJ Mo|ir lire iteas will JeuerJ ur t|e t]ue u
cuauor] selecteJ - i.e. lrJust|iol, Bor|, lrsu|orce,
||uue|t] u| |isteJ lr.estaert Cuauor]. let ||uit SMil
|eu|eserts ret uue|otir u|uit ote| tor, airu|ities,
u|ee|erce Ji.iJerJs, siriicort, orJ rur|ecu||ir iteas
,l|/T. Eo|rirs |e| S|o|e S is l|/T Ji.iJeJ u] t|e
wei|teJ o.e|oe ruaue| u u|Jiro|] s|o|es ur issue
Ju|ir t|e ]eo|. Buu| Volue |e| S|o|e S is o cuauor]'s
cuaaur stuc| euit] os it ouueo|s ur o uolorce s|eet
Ji.iJeJ u] t|e ruaue| u s|o|es uutstorJir. 0ue| Cos|
|luw SMil is ret cos| luw ote| uo]ir suuulie|s,
eaulu]ees, irte|est eruerse orJ tor uoiJ |ua |eceiuts
|ua custuae|s, Ji.iJerJs orJ irte|est |ecei.eJ. Cou
SuerJir S Mil is aure] suert tu ocui|e u| uu|oJe
u|]sicol ossets suc| os uuilJirs orJ aoc|ire|]. ||ee Cos|
|luw SMil is t|e oauurt u cos| t|ot o cuauor] |os let
u.e| ote| it |os uoiJ oll u its eruerses, ircluJir
ir.estaerts ,0ue| Cos| |luw airus Cou SuerJir orJ
Ji.iJerJs.
Avg oo. oI 8hares
T|e wei|teJ o.e|oe ruaue| u u|Jiro|] s|o|es Ju|ir t|e
irorciol ]eo|. T|is iu|e is useJ tu colculote uosic
eo|rirs ue| s|o|es ,E|S.
FroIitabiIity
Retu|r ur /ssets ,R0/ is t|e ue|certoe o cuauor]
eo|rs ur its ossets ir o i.er ]eo|. lt is aeosu|eJ u]
Ji.iJir l|/T ueu|e ouru|aols u] tutol ossets. Retu|r ur
Euit] ,R0E is t|e ue|certoe o cuauor] eo|rs ur its
tutol euit] ir o i.er ]eo|. T|e colculotiur is l|/T ueu|e
ouru|aols Ji.iJeJ u] s|o|e|ulJe| euit]. let Mo|ir is
/ aeosu|e u u|uitouilit] orJ is euol tu l|/T Ji.iJeJ u]
|e.erues |ua t|e soae ue|iuJ. /sset Tu|ru.e| |eu|eserts
|uw aor] Jullo|s ir |e.erue o cuauor] |os ere|oteJ ue|
eoc| Jullo| u ossets. lt is colculoteJ u] Ji.iJir tutol
|e.erues u| t|e ue|iuJ u] tutol ossets u| t|e soae ue|iuJ.
|irorciol le.e|oe is colculoteJ u] Ji.iJir tutol ossets u]
tutol s|o|e|ulJe|s' euit].
FioaociaI Fositioo
Curtoirs o suaao|] u t|e lotest uolorce s|eet.
FioaociaI heaIth
wu||ir Couitol SMil is cu||ert ossets airus cu||ert
liouilities. wu||ir couitol aeosu|es |uw auc| ir liuiJ
ossets o cuauor] |os o.oiloule tu uuilJ its uusiress.
|urTe|a 0eut SMil ircluJes luors orJ uuliotiurs wit| o
aotu|it] u lure| t|or ure ]eo|, usuoll] occuauorieJ u]
irte|est uo]aerts. Tutol Euit] SMil is uwre|s|iu irte|est
ir o cu|uu|otiur ir t|e u|a u cuaaur stuc| u| u|ee||eJ
stuc|. lt olsu |ee|s tu tutol ossets airus tutol liouilities, ir
w|ic| cose it is olsu |ee||eJ tu os s|o|e|ulJe|'s euit] u|
ret wu|t| u| uuu| .olue. 0eutleuit] |otiu is euol tu
s|u|tte|a orJ lurte|a Jeut airus cos| Ji.iJeJ u]
cuaaur s|o|e|ulJe|s' euit].
aIuatioo
||icelEo|rirs ,|E is t|e cu||ert u|ice Ji.iJeJ u] t|e
cuauor]'s t|oilir 1Zaurt| eo|rirs ue| s|o|e. ||icelBuu|
,|B is t|e aust |ecert stuc| u|ice Ji.iJeJ u] t|e aust
|ecert uuu| .olue ue| s|o|e. ||icelSoles ,|S is t|e cu||ert
u|ice Ji.iJeJ u] t|e cuauor]'s soles ue| s|o|e u.e| t|e
t|oilir 1Z aurt|s. ||icelCos| |luw ,|C is t|e aust |ecert
u|ice Ji.iJeJ u] t|e cos| luw ue| s|o|e u t|e lotest iscol
]eo|.
key ates
|iscol Yeo| ErJ is t|e Jote ir w|ic| t|e cuauor] cluses its
uuu|s u| t|e u|e.iuus 1Zaurt| ue|iuJ u.e| w|ic| o
cuauor] uuJets its suerJir. /CM is t|e orruol cuauor]
ot|e|ir, usuoll] |elJ ot t|e erJ u eoc| iscol ]eo|, ot
w|ic| t|e u|e.iuus ]eo| orJ t|e uutluu| u| t|e utu|e o|e
JiscusseJ orJ Ji|ectu|s o|e electeJ u] cuaaur
s|o|e|ulJe|s. |istir 0ote Jeires t|e Jote t|e cuauories
s|o|e u|ice wos i|st uuteJ ur t|e stuc| erc|ore. 0R| is
t|e Ji.iJerJ |eir.estaert ulor ue|eJ u] suae
cu|uu|otiurs eroulir s|o|e|ulJe|s tu outuaoticoll]
|eir.est cos| Ji.iJerJs orJ couitol oirs Jist|iuutiurs,
t|e|eu] occuaulotir au|e stuc| wit|uut uo]ir u|u|e|oe
cuaaissiurs.
Iodustry Feers by Market 6ap
T|is ircluJes |e] stots ur t||ee u t|e cuauor]'s uee|s
t|ot uue|ote ir t|e soae irJust|] orJ |o.e siailo| ao||et
couitoli/otiur.
6ooseosus
Cu||ert,lotest octuol ||icelEo|rirs, 0i.iJerJ YielJ, E|S
orJ 0|S o|e u|u.iJeJ u| |ee|erce. |u|ecosts o|e irJicoteJ
u] 'E' orJ o|e o.oiloule u| u|wo|J ]eo|s url]. But| octuol
orJ u|ecost E|S o|e u|eserteJ ur o u|euuJwill
oau|ti/otiur uosis.
ivideod history
0i.iJerJ Er0ote is t|e i|st Jo] u t|e erJi.iJerJ ue|iuJ.
l or ir.estu| Jues rut uwr t|e stuc| ueu|e t|e erJote, |e
u| s|e will ue ireliiule u| t|e Ji.iJerJ uo]uut. 0i.iJerJ
|o] 0ote is t|e Jote ur w|ic| t|e Ji.iJerJ will octuoll] ue
uoiJ tu s|o|e|ulJe|s. 0|S ( is Tutol Ji.iJerJ u| t|e ]eo|,
Ji.iJeJ u] t|e ruaue| u s|o|es |or|eJ u| Ji.iJerJ.
||or|ir s|uws t|e ue|certoe u t|e Ji.iJerJ w|ic|
curtoirs o Ji.iJerJ iauutotiur c|eJit.
Major 8harehoIders
T|e 3 lo|est s|o|e|ulJe|s ,irJi.iJuols u| cuauories orJ
t|e ruaue| u .utir s|o|es t|e] o|e ertitleJ tu.
Iovesteot etaiI ||irt 0ote. Z0 0ec Z01Z |oe Z u Z
Z01Z Mu|rirsto|, lrc. /ll |i|ts |ese|.eJ. T|e Joto orJ curtert curtoireJ |e|eir o|e rut uo|orteeJ tu ue occu|ote, cuaulete u| tiael]. leit|e| Mu|rirsto|, ru| its oiliotes ru| t|ei| curtert u|u.iJe|s will |o.e or] liouilit] u| use u|
Jist|iuutiur u or] u t|is iru|aotiur. Tu t|e ertert t|ot or] u t|e curtert ouu.e curstitutes oJ.ice, it is ere|ol oJ.ice t|ot |os ueer u|euo|eJ u] Mu|rirsto| /ust|olosio |t] |tJ /Bl. 95 090 5 5++, /|S|. Z+0c9Z ,o suusiJio|] u Mu|rirsto|,
lrc., wit|uut |ee|erce tu ]uu| uujecti.es, irorciol situotiur u| reeJs. Beu|e octir ur or] oJ.ice, ]uu s|uulJ cursiJe| t|e ouu|uu|ioteress u t|e oJ.ice orJ we |ecuaaerJ ]uu uutoir irorciol, leol orJ torotiur oJ.ice ueu|e ao|ir or]
irorciol ir.estaert Jecisiur. l ouulicoule ir.estu|s s|uulJ uutoir t|e |ele.ort u|uJuct Jisclusu|e stoteaert orJ cursiJe| it ueu|e ao|ir or] Jecisiur tu ir.est. Suae aote|iol is cuu]|i|t orJ uuulis|eJ urJe| licerce |ua /SX 0ue|otiurs |t]
|iaiteJ /Cl 00+ 5Z3 /cZ ,'/SX0'. 0lSC|0SuRE. Eaulu]ees ao] |o.e or irte|est ir t|e secu|ities JiscusseJ ir t|is |euu|t. |leose |ee| tu uu| |irorciol Se|.ices CuiJe ,|SC u| au|e iru|aotiur ot www.au|rirsto|.cua.oulsls.uJ.