42013526 - Horizons - Q4_v04c

ISSUE 4 | 2021

06

PERCENT CHANGE IN 2020 EBIT ESTIMATED IN FEBRUARY 2020 TO ACTUAL RESULTS

Construction - Commercial: -44.3% Oil & Gas: -98.2% Gaming, Hospitality, Leisure: -168.9% Airlines: -278.3%

Restaurants: -41.5%

Telecommunications: -39.0%

Manufacturing: -35.6%

Banks: -34.3%

Distribution: -33.0%

Healthcare - Medical Devices: -14.6% Media & Entertainment: -11.3% Retail - Discretionary & Luxury: -27.0%

Asset Management: -9.8%

Healthcare - Life Sciences: -3.4% Insurance: -1.3%

Technology - Hardware & Equipment: -0.1%

Healthcare - Payer: 0.4%

Technology - Software & Services: 1.8%

Retail - Consumer Staples: 4.0%

Technology - Semiconductors & Products: 5.4%

Construction - Multi-Family: 9.3%

Healthcare - Provider: 13.8%

Construction - Single-Family: 18.7%

Retail - Online: 29.4%

*For the Banks industry set we have utilized earnings before taxes (EBT) instead of EBIT.

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