Valuation Khakis‘R Us

Appendix 1 ‐ Khakis‘R Us Financial Data Selected Market Data current prise dividend per share fully diluted share outstanding equity value plus: total debt plus: preferred stock plus: non‐controlling interest Less: Cash and cash equivalent enterprise value

($ in million except per share data) Income statement 12 1% 10 120.0 50.5 0 19.8 150.7 2011 Actual               635.8               501.5               134.3                  68.3                  14.6                  23.9                  27.5                    3.9 23.6 9.5 14.2 4.2 2.2 2012 Actual       585.2       475.0       110.2         59.6         16.4         23.6         10.6            3.7            6.9            2.8            4.1            4.4            2.4 2013 Estimated        558.4        448.9        109.5           58.8           15.9           21.2           13.6             3.3           10.3             4.1             6.2             4.7             1.9 2014 Projected        586.3        470.3        116.0           57.4           12.3           23.2           23.0             3.1           19.9             8.0           12.0             4.9             1.9

EV/Sales Metric EV/EBIDA Metric EV/EBIT Metric P/E Metric

Trading multiples 12/30/2013  2014E 0.27 0.26 558.4 586.3 4.80 4.04           31.4                          37.27 9.72 6.04           15.5                          24.95 19.42 10.03 0.62 1.20

Sales COGS Gross Profit Personnel expenses D&A Other Expense Operating Income Interest Expense Pre‐tax Income Income taxes Net Income Capital expenditures Stock Based Compensation Cash Flow Statement Data D&A %sales Capital expenditures %sales Adjusted EBIT/ EBITDA EBIT EBITDA

                 14.6         16.4           15.9           12.3 2.30% 2.80% 2.85% 2.10%                    4.2            4.4             4.7             4.9 0.66% 0.75% 0.84% 0.84%

              29.67               44.27

      13.01           15.5        24.95         29.4           31.4...