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\fTSR performance Americas Europe Asia 21 Feb '20 - 21 Feb '20- 21 Feb '20- 21 Feb '20- 21 Feb 20 - 21 Feb '20 - 20 Mar '20 22 Apr '20 20 Mar '20 22 Apr '20 20 Mar '20 22 Apr '20 Observations Food/staples Retail -10% -3% -15% -12% -8% -10% Pharma -19% 1% -20% -5% -22% -1% Healthier sectors Household Products -19% -6% -16% 8% -5% 5% Non-discretionary/essential service less hit but Telecom still had recovery -17% -11% -20% -19% -14% 6% Semiconductors -30% -10% -43% -24% -27% -17% Food & Beverage -26% -14% -24% -17% -12% -3% Utilities -33% -17% -30% -28% -6% 7% Health Equipment -33% -14% -31% -15% -11% -4% Software -30% -14% -32% -22% -28% Broad set of industries experiencing -16% Tech Hardware pressure, with some regions particularly Pressured sectors -29% -17% -25% -11% -23% -18% affected for certain sectors Prof. Services -30% -21% -29% -21% -31% -23% Materials -34% -20% -31% -19% -30% -23% Utilities and health equipment generally Retailing -42% -28% -36% -29% -24% -8% better off in Asia Capital Goods -38% -24% -35% -27% -29% -23% Financials -36% -22% -35% -25% -19% -12% Transport -37% -25% -38% -33% -13% -14% Media -36% -24% 47% 42% -14% 0% Insurance -42% -34% -40% -32% -27% -19% Hospitality -44% -30% -47% -37% -23% -17% Vulnerable sectors Banks -41% -37% -44% -47% -26% -23% Hardest hit sectors had some recoveries but Real Estate -42% -33% -26% -22% -22% -11% still performing way below 21 Feb 2020 levels Auto -47% -38% -45% -35% -32% -25% Durable Goods -49% -38% -32% -23% -21% -14% Energy -57% -43% -45% -30% -41% -31%