Table of Contents Page Leucadia Overview 1 Jefferies Overview 9 Leucadia Investments Overview 16 Appendix 32 June 2016 ii
Leucadia Overview June 2016 1
Unique merchant and investment banking platform that builds shareholder value by creating, acquiring and operating a diversified group of businesses Leading diversified financial services and merchant banking platform Jefferies Other…
Leucadia Overview as of 3/31/16 Common Equity 10.1 Billion (1) Leucadia National Corporation Preferred Equity 0.125 Billion Parent Capital 11.2 Billion Parent Debt 1.0 Billion Financial Services Merchant Banking Corporate /…
Leucadias Opportunity (As of 3/31/16) Leucadia Tangible Opportunity (1) % Capital ( Millions) Free-Cash Generating Jefferies Grow Investment Banking and Equities; Fixed Income Refocused and Performing 3,385 39.45% Berkadia…
Leucadia Strategy and Overview Leucadia Business Update Jefferies recorded solid Equities and Fixed Income results in Q2 2016; Investment Banking backlog showing encouraging improvement National Beef is benefiting from cyclical…
A Unique and Diversified Financial Services and Merchant Banking Platform Financial Services Our historic sector; post-crisis opportunity Jefferies Drive market share, margin expansion and earnings growth by growing Investment Banking,…
A Unique and Diversified Financial Services and Merchant Banking Platform (Continued) HomeFed Otay Ranch's 13,050 entitled units expected to be the market leader in San Diego county (which had 2,000+ home sales in 2015) for years to…
A Unique and Diversified Financial Services and Merchant Banking Platform (Continued) Linkem Increase coverage through LTE network deployment Prepare for launch in major Italian cities Conwed Drive organic growth with new…
Jefferies Overview June 2016 9
Jefferies Strategic Update We are building a leading, client-focused global investment banking firm, with our focus to provide clients with the best ideas, expertise and execution in global capital markets Investment Banking and…
Global Full-Service Capabilities Investment Banking Equities Fixed Income Equity Cash Electronic Leveraged Investment Consumer Energy Capital Equities Trading Credit Grade Markets Debt Capital Listed Prime Emerging MBS /…
Business Strategic Priorities Investment Banking Continue to increase managing director productivity Capitalize on revenue opportunities in recently entered sectors Capitalize on revenue opportunities in recently entered…
Balance Sheet and Funding Overview Jefferies continues to manage the size of its balance sheet in response to market conditions Tangible assets / tangible common equity at 5/31/16: 10.2x(1) Jefferies long-standing liquidity and…
Leucadia Investments Overview June 2016 16
Berkadia Overview Overview Strategic Priorities Berkadia is a full-service mortgage banking firm focused on providing Increase Business with Existing Clients clients best of class middle market mortgage finance and advisory Deliver…
FXCM Overview Overview Transaction Summary FXCM Inc. (NYSE: FXCM) is a leading online provider of foreign Leucadia provided a two-year 300 million senior secured financing in exchange trading services to over 175,000 retail customers…
Leucadia Asset Management Overview Diversified alternative asset management platform supporting and developing focused funds managed by distinct management teams Fee-generating assets, long-term stable cash flows, able to recycle…
Leucadia Asset Management (Continued) Platforms and Strategies Folger Hill Asset Management (Multi-Manager) Multi-manager discretionary long/short equity hedge fund platform; 873 million AUM Topwater Capital (Multi-Manager /…
HomeFed Overview Company Overview Strategic Priorities Developer/owner of residential and mixed-use real estate projects in Optimize Otay Ranch assets focus on expediting development programs California, New York, Florida, South…
Specialty Finance Overview Foursight Chrome Auto loan originator and servicer Lessor of used Harley-Davidson motorcycles Surpassed 330 million in assets and currently pacing Chrome Capital is the nations largest independent lessor of…
National Beef Overview Overview Recent Developments National Beef processes 3 million fed cattle per year Operating environment has become favorable after extreme volatility in the cattle markets led to adverse conditions 2…
HRG Group Overview Overview Financial Results NYSE-listed diversified holding company (NYSE: HRG) that operates in four business segments: Consumer Products Spectrum Brands (NYSE: SPB, 58% FYE September 30, ownership) ( Millions)…
Garcadia Overview Overview Strategic Priorities A top 12 U.S. dealership group Simplify car buying experience 4 clusters, 27 dealerships as of 3/31/16 - 14 domestic brands, 13 Bring the average transaction time below one hour…
Vitesse Energy Overview Company Overview Strategic Priorities Denver-based oil and gas company led by Bob Gerrity, CEO, and Brian Continue to participate in lower risk infill horizontal development drilling Cree, CFO in the core areas…
Juneau Energy Overview Company Overview Formed in February 2014 Leucadia and management has funded 250 million to date for acquisitions and property development Focus areas are: 20,000+ net acre position in East Texas Eagle Ford…
Linkem Overview Overview Strategic Priorities Fast-growing fixed wireless broadband provider in Italy Deploy new LTE base stations and overlay LTE on existing towers to 78% annualized subscriber growth rate since Leucadias initial…
Conwed Overview Overview Recent Developments Leading manufacturer of extruded, oriented and knitted plastic netting Despite increased competition and a weak euro, Conweds legacy used in a variety of applications, including…
Idaho Timber Overview Overview Recent Developments Manufacturer and distributor of wood products Market volatility, caused by oversupply of Canadian lumber due to Remanufacturing, Home Center Board and Sawmill segments weakening…
Golden Queen Overview Overview Key Ownership Details Golden Queen Mining Company LLC (Golden Queen) owns 100% of Date of Initial Investment: September 2014 the Soledad Mountain gold and silver project in Kern County, Book Value at…
Appendix June 2016 32
Leucadia Tangible Book Value GAAP Reconciliation Reconciliation of Book Value to Tangible Book Value ( Millions) Book Value Goodwill and Tangible Book (GAAP) (1) Intangibles, Net Value (Non-GAAP) Jefferies 5,310 1,925 3,385…
Leucadia Tangible Book Value and Fully-Diluted Shares Outstanding GAAP Reconciliations Reconciliation of Leucadia Book Value (Leucadia's Shareholders' Equity) to Tangible Book Value ( millions) 3/31/2016 Leucadia Book Value…
Jefferies Bache Adjusted Earnings GAAP Reconciliation Reconciliation of Consolidated Adjusted Financial Information ( millions) Successor Twelve Months Ended 11/30/2015 Full Year Ended 11/30/2014 LTM Ended 2/28/2014 GAAP Adjustments…
National Beef Pre-tax Income to EBITDA GAAP Reconciliation ( in Millions) Reconciliation of Pre-Tax Income to EBITDA 3 months ending March 2016 Pre-Tax Income (GAAP) 21.4 Interest Expense 4.0 Non-Operating Income (3.1)…
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