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Page 1: Hilton – Investor Relations · 2016-12-23 · Profits from property sales are allocated to each year in proportion to the percent- age of the sales price received in such year
Page 2: Hilton – Investor Relations · 2016-12-23 · Profits from property sales are allocated to each year in proportion to the percent- age of the sales price received in such year
Page 3: Hilton – Investor Relations · 2016-12-23 · Profits from property sales are allocated to each year in proportion to the percent- age of the sales price received in such year
Page 4: Hilton – Investor Relations · 2016-12-23 · Profits from property sales are allocated to each year in proportion to the percent- age of the sales price received in such year
Page 5: Hilton – Investor Relations · 2016-12-23 · Profits from property sales are allocated to each year in proportion to the percent- age of the sales price received in such year
Page 6: Hilton – Investor Relations · 2016-12-23 · Profits from property sales are allocated to each year in proportion to the percent- age of the sales price received in such year
Page 7: Hilton – Investor Relations · 2016-12-23 · Profits from property sales are allocated to each year in proportion to the percent- age of the sales price received in such year
Page 8: Hilton – Investor Relations · 2016-12-23 · Profits from property sales are allocated to each year in proportion to the percent- age of the sales price received in such year
Page 9: Hilton – Investor Relations · 2016-12-23 · Profits from property sales are allocated to each year in proportion to the percent- age of the sales price received in such year
Page 10: Hilton – Investor Relations · 2016-12-23 · Profits from property sales are allocated to each year in proportion to the percent- age of the sales price received in such year
Page 11: Hilton – Investor Relations · 2016-12-23 · Profits from property sales are allocated to each year in proportion to the percent- age of the sales price received in such year
Page 12: Hilton – Investor Relations · 2016-12-23 · Profits from property sales are allocated to each year in proportion to the percent- age of the sales price received in such year
Page 13: Hilton – Investor Relations · 2016-12-23 · Profits from property sales are allocated to each year in proportion to the percent- age of the sales price received in such year
Page 14: Hilton – Investor Relations · 2016-12-23 · Profits from property sales are allocated to each year in proportion to the percent- age of the sales price received in such year
Page 15: Hilton – Investor Relations · 2016-12-23 · Profits from property sales are allocated to each year in proportion to the percent- age of the sales price received in such year
Page 16: Hilton – Investor Relations · 2016-12-23 · Profits from property sales are allocated to each year in proportion to the percent- age of the sales price received in such year
Page 17: Hilton – Investor Relations · 2016-12-23 · Profits from property sales are allocated to each year in proportion to the percent- age of the sales price received in such year
Page 18: Hilton – Investor Relations · 2016-12-23 · Profits from property sales are allocated to each year in proportion to the percent- age of the sales price received in such year
Page 19: Hilton – Investor Relations · 2016-12-23 · Profits from property sales are allocated to each year in proportion to the percent- age of the sales price received in such year
Page 20: Hilton – Investor Relations · 2016-12-23 · Profits from property sales are allocated to each year in proportion to the percent- age of the sales price received in such year
Page 21: Hilton – Investor Relations · 2016-12-23 · Profits from property sales are allocated to each year in proportion to the percent- age of the sales price received in such year
Page 22: Hilton – Investor Relations · 2016-12-23 · Profits from property sales are allocated to each year in proportion to the percent- age of the sales price received in such year
Page 23: Hilton – Investor Relations · 2016-12-23 · Profits from property sales are allocated to each year in proportion to the percent- age of the sales price received in such year
Page 24: Hilton – Investor Relations · 2016-12-23 · Profits from property sales are allocated to each year in proportion to the percent- age of the sales price received in such year
Page 25: Hilton – Investor Relations · 2016-12-23 · Profits from property sales are allocated to each year in proportion to the percent- age of the sales price received in such year
Page 26: Hilton – Investor Relations · 2016-12-23 · Profits from property sales are allocated to each year in proportion to the percent- age of the sales price received in such year
Page 27: Hilton – Investor Relations · 2016-12-23 · Profits from property sales are allocated to each year in proportion to the percent- age of the sales price received in such year
Page 28: Hilton – Investor Relations · 2016-12-23 · Profits from property sales are allocated to each year in proportion to the percent- age of the sales price received in such year

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