FTSE COMPANY REPORT Share price analysis relative to sector and index performance Data as at: 25 November 2015 BCA Marketplace BCA Support Services — GBP 1.695 at close 25 November 2015 Absolute Relative to FTSE UK All-Share Sector Relative to FTSE UK All-Share Index PERFORMANCE 25-Nov-2015 25-Nov-2015 25-Nov-2015 1.8 140 150 1D WTD MTD YTD Absolute -0.3 -0.3 -4.1 34.0 1.7 130 140 Rel.Sector -1.6 -0.6 -7.1 27.0 Rel.Market -1.2 -0.2 -3.8 36.3 1.6 120 130 VALUATION (local currency) (local 1.5 110 120 Trailing Relative Price Relative Price 1.4 100 110 PE - Absolute Price Price Absolute EV/EBITDA - 1.3 90 100 PCF - PB - 1.2 80 90 Price/Sales - Nov-2014 Feb-2015 May-2015 Aug-2015 Nov-2015 Nov-2014 Feb-2015 May-2015 Aug-2015 Nov-2015 Nov-2014 Feb-2015 May-2015 Aug-2015 Nov-2015 Div Yield - Absolute Price 4-wk mov.avg. 13-wk mov.avg. Relative Price 4-wk mov.avg. 13-wk mov.avg. Relative Price 4-wk mov.avg. 13-wk mov.avg. Div Payout - 100 100 90 ROE - 90 90 80 Net Debt/Equity - 80 80 70 70 70 60 60 DESCRIPTION 60 50 50 50 The Company owns and operates Europe's largest 40 40 RSI (Absolute) RSI 40 used vehicle marketplace (which it operates through 30 30 its Vehicle Remarketing Division), both in terms of the 20 30 number of vehicles sold and revenue, as well as the 10 20 20 UK's market-leading provider of vehicle buying RSI (Relative to FTSE UK All-Share Index) UK All-Share to FTSE (Relative RSI RSI (Relative to FTSE UK All-Share Sector) UK All-Share to FTSE (Relative RSI 0 10 10 services, We Buy Any Car Limited ("˜"˜WBAC'') Nov-2014 Feb-2015 May-2015 Aug-2015 Nov-2015 Nov-2014 Feb-2015 May-2015 Aug-2015 Nov-2015 Nov-2014 Feb-2015 May-2015 Aug-2015 Nov-2015 See final page and http://www.londonstockexchange.com/prices-and-markets/stocks/services-stock/ftse-note.htm for further details. Past performance is no guarantee of future results. Please see the final page for important legal disclosures. 1 of 4 FTSE COMPANY REPORT: BCA Marketplace 25 November 2015 Valuation Metrics Price to Earnings (PE) EV to EBITDA Price to Book (PB) 30-Oct-2015 30-Oct-2015 30-Oct-2015 1 14 25 ǁǁ 0.9 12 +1SD 0.8 20 +1SD 0.7 10 0.6 8 15 0.5 Avg 0.4 6 10 0.3 4 Avg 0.2 5 2 0.1 0 ǁǁ 0 ǁǁ 0 ǁǁ Nov-2010 Nov-2011 Nov-2012 Nov-2013 Nov-2014 Nov-2010 Nov-2011 Nov-2012 Nov-2013 Nov-2014 Nov-2010 Nov-2011 Nov-2012 Nov-2013 Nov-2014 Sanne Group 57.7 DCC 19.8 Rentokil Initial 25.0 Acal 54.6 Michael Page International 15.8 Howden Joinery Group 10.2 Wolseley 46.6 Bunzl 15.5 Capita 9.9 Regus 44.5 Capita 15.1 SThree 8.9 Support Services 33.2 Support Services 10.3 Support Services 3.9 Exova Group -12.4 Northgate 3.6 De La Rue 0.0 HSS Hire Group -16.5 Communisis 3.4 HSS Hire Group 0.0 Shanks Group -22.1 Carillion 1.9 Sanne Group 0.0 Lakehouse -120.0 Serco Group 0.0 Serco Group 0.0 BCA Marketplace -120.0 BCA Marketplace 0.0 BCA Marketplace 0.0 -140 -120 -100 -80 -60 -40 -20 0 20 40 60 80 0 5 10 15 20 25 0 5 10 15 20 25 30 Price to Cash Flow (PCF) Dividend Yield % Price to Sales (PS) 30-Oct-2015 30-Oct-2015 2 0.0725 +1SD 0.0724 1.5 0.0723 0.0722 0.0721 1 Data unavailable Avg 0.072 0.0719 0.5 0.0718 0.0717 0 ǁǁ 0.0716 Nov-2010 Nov-2011 Nov-2012 Nov-2013 Nov-2014 Nov-2010 Nov-2011 Nov-2012 Nov-2013 Nov-2014 Acal 80.0 Carillion 5.8 Energy Assets Group 3.8 SThree 76.5 Electrocomponents 5.7 Experian 3.6 Northgate 62.9 Connect Group 5.5 PayPoint 3.1 Sanne Group 55.0 De La Rue 5.4 Howden Joinery Group 2.7 Support Services 14.9 Support Services 2.4 Support Services 1.0 HSS Hire Group -47.0 DCC 1.5 Interserve 0.3 Exova Group -100.0 Exova Group 1.3 Serco Group 0.3 Ashtead Group -100.0 Regus 1.1 Connect Group 0.2 Brammer -100.0 Energy Assets Group 0.0 Menzies (John) 0.1 BCA Marketplace -100.0 BCA Marketplace 0.0 BCA Marketplace 0.0 -120 -100 -80 -60 -40 -20 0 20 40 60 80 100 01234567 00.511.522.533.54 Note: bar chart reflects the top and bottom five current values for the valuation ratio in question for FTSE All Shares stocks in the same sector as the stock concerned. All valuation metrics are trailing. 2 of 4 FTSE COMPANY REPORT: BCA Marketplace 25 November 2015 Valuation Metrics Net Debt to Equity Dividend Payout (DP) Return on Equity (RoE) 30-Oct-2015 30-Oct-2015 1 1 0.9 0.9 0.8 0.8 0.7 0.7 0.6 0.6 0.5 0.5 Data unavailable 0.4 0.4 0.3 0.3 0.2 0.2 0.1 0.1 0 0 Nov-2010 Nov-2011 Nov-2012 Nov-2013 Nov-2014 Nov-2010 Nov-2011 Nov-2012 Nov-2013 Nov-2014 Rentokil Initial 10.1 St.Ives 100.0 Premier Farnell 50.0 Premier Farnell 4.4 Acal 100.0 Howden Joinery Group 50.0 Capita 2.4 Aggreko 100.0 Atkins (WS) 50.0 Shanks Group 2.3 Brammer 100.0 Hays 41.4 MITIE Group 100.0 PayPoint 35.7 Support Services 0.9 Support Services 83.0 Support Services 10.6 Howden Joinery Group 0.0 Serco Group 0.0 Shanks Group -7.3 PayPoint 0.0 Exova Group 0.0 Communisis -11.8 Michael Page International 0.0 Tribal Group 0.0 Tribal Group -12.9 Diploma 0.0 Communisis 0.0 Exova Group -38.3 BCA Marketplace 0.0 Shanks Group 0.0 Serco Group -50.0 024681012 0 20 40 60 80 100 120 -60 -40 -20 0 20 40 60 ROE vs. PB — sector Du Pont Analysis 12 HWDN 10 CPI STHR 8 MPI HAS ATK PB BNZL 6 RGU EXPN PAY Data unavailable CTRITRK PFL DCC AHT RCDO 4 Support ServicesGFS DPLM WOS ESNTRWAMNZS EAS HSVBRSN LAKE MTO VP. ECM MER BAB AGK 2 SKS XCH SIVACL BRAMGFTUTPKIRV TRB RPS CLLN EXO SHILVD NTG CMS SDY 0 SRP 0 102030405060 ROE Note: bar chart reflects the top and bottom five current values for the valuation ratio in question for FTSE All Shares stocks in the same sector as the stock concerned. All valuation metrics are trailing. 3 of 4 FTSE COMPANY REPORT: BCA Marketplace 25 November 2015 Brief description Brief description Price to Earnings Price to Earnings (PE) is price over earnings per share. Earnings are based on the latest Gearing Gearing is Total Assets divided by Common Equity. Total Assets and Common Equity are (PE) available fiscal year earnings. each averaged over two years, that is, t and (t-1). Price to Sales (PS) Price to Sales (PS) is price divided by sales per share. It is based on sales from continuing Asset Turnover Asset turnover is Sales divided by Total Assets. Total Assets is averaged over two years, operations for the fiscal year. that is, t and (t-1). Price to Book (PB) Price to Book (PB) is price at the indicated date divided by common equity per share. Dupont Breakdown Return on Equity (RoE) = Net Margin * Gearing * Asset Turnover Common/ordinary equity is generally as reported at the most recent fiscal year-end but is Analysis adjusted to exclude minority interest, preferred stock and selected items as appropriate. RoE vs PB Plot of RoE versus PB at last month end for all FTSE UK All Share stocks in the sector Price to Cash Flow Price to Cash Flow (PCF) is price at the indicated date divided by cash flow per share. relative to the stock in question. Data may be limited to the stock in question if there are (PCF) currently no stocks in the corresponding FTSE UK All Share sector. Net Debt Equity Net Debt Equity is Net Debt as a percentage of common equity. Not calculated if Absolute Absolute graphs reflect performance for the stock in question for up to 366 days adjusted denominator (common equity) is negative for intervening corporate actions. EV to EBITDA EV to EBITDA is Enterprise Value divided by EBITDA (Earnings before Interest and Taxes, Relative Relative charts reflect the performance for the stock in question relative to the depreciation and amortisation). EV is full company Market Capitalisation at the data date corresponding sector of the FTSE All Share Index for up to 366 days, rebased to the start plus last annual net debt and Preferred Stock. Net Debt is total financial debt less cash date. Note that the stock itself may not be a FTSE All share constituent. Relative Chart and short-term investments. EBITDA is operating income plus depreciation and may be null if there are no stocks in the corresponding FTSE UK All Share sector.