2015 AD-TO-SALES RATIOS Industry Name ABRASIVE,ASBESTOS,MISC MINRL ACCIDENT & HEALTH INSURANCE ACCOUNT,AUDIT,BOOKKEEP SVCS ADHESIVES AND SEALANTS ADVERTISING ADVERTISING AGENCIES AGRIC PROD-LVSTK,ANIMAL SPEC AGRICULTURAL CHEMICALS AGRICULTURE PRODUCTION-CROPS AIR COURIER SERVICES AIR TRANSPORT, SCHEDULED AIR-COND,HEATING,REFRIG EQ AIRCRAFT AIRPORTS & TERMINAL SERVICES AMUSEMENT & RECREATION SVCS AMUSEMENT PARKS APPAREL & OTHER FINISHED PDS APPAREL AND ACCESSORY STORES APPAREL,PIECE GDS,NOTNS-WHSL ARRANGE TRANS-FREIGHT, CARGO AUTO AND HOME SUPPLY STORES AUTO DEALERS, GAS STATIONS AUTO RENT & LEASE,NO DRIVERS AUTO REPAIR,SERVICES,PARKING BAKERY PRODUCTS BALL AND ROLLER BEARINGS BEVERAGES BIOLOGICAL PDS,EX DIAGNSTICS BITUMINOUS COAL, LIGNITE MNG BLANKBOOKS,BINDERS,BOOKBIND BLDG MATL,HARDWR,GARDEN-RETL BOOKS: PUBG, PUBG & PRINTING BRDWOVEN FABRIC MILL, COTTON BTLD & CAN SOFT DRINKS,WATER BUSINESS SERVICES, NEC CABLE AND OTHER PAY TV SVCS CALCULATE,ACCT MACH,EX COMP CAN FRUIT,VEG,PRESRV,JAM,JEL CAN,FROZN,PRESRV FRUIT & VEG CARPETS AND RUGS CATALOG, MAIL-ORDER HOUSES CEMENT, HYDRAULIC CHEMICALS & ALLIED PRODUCTS CIGARETTES CMP AND CMP SOFTWARE STORES CMP INTEGRATED SYS DESIGN CMP PROCESSING,DATA PREP SVC CMP PROGRAMMING,DATA PROCESS COGENERATN-SM POWER PRODUCER COML PHYSICAL, BIOLOGCL RESH COMMERCIAL BANKS COMMERCIAL PRINTING COMMUNICATIONS EQUIP, NEC COMMUNICATIONS SERVICES, NEC SIC Code No. 3290 6321 8721 2891 7310 7311 200 2870 100 4513 4512 3585 3721 4581 7900 7996 2300 5600 5130 4731 5531 5500 7510 7500 2050 3562 2080 2836 1220 2780 5200 2731 2211 2086 7389 4841 3578 2033 2030 2273 5961 3241 2800 2111 5734 7373 7374 7370 4991 8731 6020 2750 3669 4899 2014 Ad Spending ($Millions) 507.787 229 20.7 0.02 132.165 10.033 12.26 3564.254 173.612 517.178 2707.697 175.501 7.938 0.117 335.555 232.1 1847.697 581.487 11.633 3.988 359.426 839.213 423.479 2.585 3.67 0.2 2300 1296.288 1 222.737 118.122 2155.239 1.903 5168.45 132.936 5688.916 328.418 138.093 928.558 45.487 6094.508 3.316 0.093 720.445 65.038 261.733 2650.06 19656.13 1.247 41.806 0.475 4.133 51.198 1883.016 Annual Annual 2015 Ad Ad Sales 2015 Ad 2015 Ad Spending Growth Growth $ as % of $ as % of ($Millions) Rate (%) Rate (%) Sales Margin 528.905 3.3 1.3 8.2 31.4 219.83 -4.3 -3.4 1 4.4 19.97 -3.4 3.1 1.1 3 0.016 -21.6 7.3 1.5 5.6 133.913 2.6 4.2 2 4 8.666 -11.1 3.5 0 0 13.823 12.4 13.3 0.6 2.2 3312.839 -7.1 -2.2 5 14.4 171.539 0.5 6.4 0.7 1.5 529.505 2.4 2.1 0.7 2.7 2634.352 -1.7 5.2 0.7 3 179.851 2.2 2.2 1.1 3.1 8.009 0.9 3 0.1 0.5 0.15 25.9 6.7 0.8 1.6 366.011 8.8 9.2 3.7 12.8 236.695 1.6 2.3 6.2 13 2014.898 8.8 9.6 4.4 8.7 616.822 5.9 3.8 3.5 9.3 12.678 6.9 3.9 2.8 7.7 4.104 2.9 8.8 0.1 0.3 387.553 7.7 9 1.2 2.5 912.892 8.2 5.6 0.6 4.5 456.462 7.8 7 1.4 3.1 3.177 21.2 14.7 0.1 0.9 4.187 13.2 9.3 0.4 1.2 0.1 -100 -9.4 0.1 0.3 2482.292 6 1 3.7 6.4 1488.055 14.9 17 1.4 1.9 0 -100 -10.3 0 0 230.423 2.4 1.5 6.7 13.3 126.044 6.5 8.3 1.2 3.5 2044.664 -6.2 -1.8 18.1 33 1.926 1.3 0.5 0.2 1.1 5155.193 -0.5 -1.5 4.9 9.1 126.346 -2.4 3.8 0.4 2.2 6230.451 9.8 5.5 2.8 6.5 378.028 14.1 3.3 2.4 7.3 140.996 2.2 2.3 1.7 4.9 903.301 -3 1.8 3.3 9 50.792 10.7 12.3 0.6 1.7 7040.926 14.6 14.4 3.8 13.4 3.201 -3.8 -6.5 0.8 1.6 0.12 27.1 -3 0.9 2.1 763.118 5.6 -1.9 0.7 1.4 66.178 1.7 2.1 0.7 2.3 298.252 13.7 -0.5 0.3 0.5 2946.017 0.8 3.2 3.3 8.2 22509.44 13.2 7.5 6.3 9.8 1.613 23.9 7.1 0.5 2.1 45.771 8.5 10.2 0.3 0.9 0.515 8.5 -4.6 0.9 3.3 4.565 9.6 7.6 0 0.1 13.41 -48.6 -0.3 0.1 0.3 1934.46 2.9 3.2 5.8 13.1 Source: Schonfeld and Associates, Inc. - 2015 Advertising Ratios and Budgets 1 2015 AD-TO-SALES RATIOS Industry Name COMPUTER & OFFICE EQUIPMENT COMPUTER COMMUNICATION EQUIP COMPUTER PERIPHERAL EQ, NEC COMPUTER PROGRAMMING SERVICE COMPUTER STORAGE DEVICES COMPUTERS & SOFTWARE-WHSL CONCRETE PDS, EX BLOCK,BRICK CONCRETE,GYPSUM,PLASTER PDS CONGLOMERATE CONSTR,MINING,MATL HANDLE EQ CONSTRUCTION MACHINERY & EQ CONSTRUCTION-SPECIAL TRADE CONVENIENCE STORES CONVRT PAPR,PAPRBRD,EX BOXES COOKIES AND CRACKERS CREDIT REPORTING SERVICES CRUDE PETROLEUM & NATURAL GS CUT STONE AND STONE PRODUCTS CUTLERY, HANDTOOLS,GEN HRDWR DAIRY PRODUCTS DEEP SEA FRN TRANS-FREIGHT DENTAL EQUIPMENT & SUPPLIES DEPARTMENT STORES DETECT,GUARD,ARMOR CAR SVCS DISTILLED AND BLENDED LIQUOR DIVERSIFIED MULTI-MEDIA DOLLS AND STUFFED TOYS DRAWNG,INSULATNG NONFER WIRE DRUG & PROPRIETARY STORES DRUGS AND PROPRIETARY-WHSL DURABLE GOODS-WHOLESALE EATING AND DRINKING PLACES EATING PLACES EDUCATIONAL SERVICES ELEC APPARATUS & EQUIP-WHSL ELEC MEAS & TEST INSTRUMENTS ELECTR COIL,TRANSFRM,INDUCTR ELECTR, OTH ELEC EQ, EX CMP ELECTRIC HOUSEWARES AND FANS ELECTRIC LIGHTING, WIRING EQ ELECTRIC SERVICES ELECTRICAL INDL APPARATUS ELECTROMEDICAL APPARATUS ELECTRONIC COMP, ACCESSORIES ELECTRONIC COMPONENTS, NEC ELECTRONIC COMPUTERS ELECTRONIC CONNECTORS ELECTRONIC PARTS,EQ-WHSL,NEC EMPLOYMENT AGENCIES ENGINEERING SERVICES ENGINES AND TURBINES ENGR,ACC,RESH,MGMT,REL SVCS EQUIP RENTAL & LEASING, NEC FABRICATED PLATE WORK SIC Code No. 3570 3576 3577 7371 3572 5045 3272 3270 9997 3530 3531 1700 5412 2670 2052 7323 1311 3281 3420 2020 4412 3843 5311 7381 2085 4888 3942 3357 5912 5122 5000 5810 5812 8200 5063 3825 3677 3600 3634 3640 4911 3620 3845 3670 3679 3571 3678 5065 7361 8711 3510 8700 7359 3443 2014 Ad Spending ($Millions) 1092.067 293.326 977.268 0.2 229.506 604.109 23.935 173.729 1518.034 53.811 89.336 14.459 0.113 587.781 34.1 225.783 22.754 18.557 116.777 1010.547 0.063 160.825 4553.509 0.137 2811.324 12831.66 752.543 25.127 1476.811 483.233 245.068 76.334 3877.643 1643.684 37.156 31.718 0.023 694.68 153.21 46.552 269.852 116.218 936.47 131.623 216.332 2.9 0.152 2.531 61.567 128.119 255.368 44.208 360.168 6.014 Annual Annual 2015 Ad Ad Sales 2015 Ad 2015 Ad Spending Growth Growth $ as % of $ as % of ($Millions) Rate (%) Rate (%) Sales Margin 945.051 -14.5 -6 0.5 1.7 270.64 -8.1 2.8 0.4 0.6 865.547 -13 -10.9 2.4 4.2 0.21 5.2 6.9 0.7 0.9 256.774 11.5 4.2 0.4 0.7 646.947 6.8 7 0.5 6.1 26.705 10.9 12 1 4 161.079 -6.5 9.1 1.8 6.9 1434.791 -7 -0.7 1 11.8 58.346 8.3 1.9 0.4 1.2 81.038 -9.4 -12 0.1 0.4 14.682 1.6 7.8 0.3 1 0.118 4.9 1.3 0.4 1.2 547.373 -6.9 1.9 0.8 1.9 39.143 13.5 1.5 2.3 5.8 234.11 3.2 6 1.6 2.3 20.5 -7.2 7.5 0 0.1 20.216 8.7 15.5 3.9 8.5 120.226 3 4 1.3 2.8 1058.899 5.6 0.6 3.2 14.5 0.069 8.5 2.5 0.3 1.2 170.133 5.5 3.8 3.3 5.3 4298.237 -5.8 -4.9 4.2 12.7 0.142 3.8 -17.2 0 0 2889.199 2.7 2.1 13 20.1 12881.35 0.1 2 7.9 20.6 759.553 0.9 -1.3 11.2 22.5 27.621 9.2 6.7 0.4 1.8 1481.969 1.8 4.6 0.4 2 500.247 3.4 12.1 0.1 1.6 255.342 3.3 -4.7 0.4 1.6 79.534 4.1 3.8 1.8 7.8 3970.207 2.2 2.5 2.5 9.5 1578.83 -4.2 -4.8 8.5 16.8 39.723 6.4 5 0.2 0.9 32.752 2.9 0.3 0.4 0.6 0.025 8.5 18.2 0.2 0.4 239.254 -45 -10.2 0.2 0.6 172.816 9.7 5 5.6 16 51.449 10.1 8.8 0.5 1.5 249.452 -8.3 0.9 0.4 5.3 129.718 10.1 10.1 0.3 0.9 1043.868 10.9 3 2.2 3.6 135.437 3.8 -0.3 0.8 2.9 216.868 0.3 -2.2 0.6 1.6 3.697 24.3 11.9 0.6 1.6 0.119 -24.5 4.7 0.5 1.1 2.49 -1.9 3.8 0 0 66.458 8.8 7 0.9 3.4 161.963 26.4 -6.8 0.4 1.4 224.335 -7.5 2.3 0.6 2.4 46.424 5.1 5.5 0.4 0.7 341.611 -0.8 12.8 1.8 2.1 6.153 1.1 6.2 0.4 1.2 Source: Schonfeld and Associates, Inc. - 2015 Advertising Ratios and Budgets 2 2015 AD-TO-SALES RATIOS Industry Name FABRICATED RUBBER PDS, NEC FAMILY CLOTHING STORES FARM MACHINERY AND EQUIPMENT FARM-PRODUCT RAW MATL-WHSL FINANCE LESSORS FINANCE SERVICES FIRE, MARINE, CASUALTY INS FOOD AND KINDRED PRODUCTS FOOD STORES FOOTWEAR, EXCEPT RUBBER FUNCTIONS REL TO DEP BKG,NEC FURNITURE STORES GAMES,TOYS,CHLD VEH,EX DOLLS GENERAL INDL MACH & EQ, NEC GENERAL INDUSTRIAL MACH & EQ GLASS PD,MADE OF PURCH GLASS GOLD AND SILVER ORES GRAIN MILL PRODUCTS GROCERIES & RELATED PDS-WHSL GROCERIES, GENERAL LINE-WHSL GROCERY STORES HARDWARE-WHOLESALE HARDWR, PLUMB, HEAT EQ-WHSL HAZARDOUS WASTE MANAGEMENT HEAVY CONSTR-NOT BLDG CONSTR HELP SUPPLY SERVICES HOBBY, TOY, AND GAME SHOPS HOME FURNITURE & EQUIP STORE HOME HEALTH CARE SERVICES HOSPITAL & MEDICAL SVC PLANS HOSPITALS HOTELS AND MOTELS HOTELS, OTHER LODGING PLACES HOUSEHOLD APPLIANCES HOUSEHOLD AUDIO & VIDEO EQ HOUSEHOLD FURNITURE ICE CREAM & FROZEN DESSERTS IN VITRO,IN VIVO DIAGNOSTICS INDL COML FANS,BLOWRS,OTH EQ INDL INORGANIC CHEMICALS INDL TRUCKS,TRACTORS,TRAILRS INDUSTRIAL MACH & EQ-WHSL INDUSTRIAL MEASUREMENT INSTR INDUSTRIAL ORGANIC CHEMICALS INS AGENTS,BROKERS & SERVICE INVESTMENT ADVICE INVESTORS, NEC IRON AND STEEL FOUNDRIES JEWELRY STORES JEWELRY,SILVERWR,PLATED WARE KNIT OUTERWEAR MILLS KNITTING MILLS LAB ANALYTICAL INSTRUMENTS LAB APPARATUS AND FURNITURE SIC Code No. 3060 5651 3523 5150 6172 6199 6331 2000 5400 3140 6099 5712 3944 3569 3560 3231 1040 2040 5140 5141 5411 5072 5070 4955 1600 7363 5945 5700 8082 6324 8060 7011 7000 3630 3651 2510 2024 2835 3564 2810 3537 5084 3823 2860 6411 6282 6799 3320 5944 3910 2253 2250 3826 3821 2014 Ad Spending ($Millions) 18.592 1890.907 652.625 4.5 220.382 1379.447 5038.482 10268.72 115.641 246.839 3154.655 354.815 850.347 27.283 218.052 1.421 104.07 2899.653 1442.276 41.1 2450.808 34.094 44.538 15.034 458.279 159.017 572.759 918.522 91.213 1386.432 16.336 703.431 0.047 637.506 6613.868 822.554 0.265 63.115 1 96.263 12.535 76.335 14.005 113.674 74.311 3450.534 0.643 0.014 661.521 2.455 1.042 183.333 211.74 0.467 Annual Annual 2015 Ad Ad Sales 2015 Ad 2015 Ad Spending Growth Growth $ as % of $ as % of ($Millions) Rate (%) Rate (%) Sales Margin 20.105 7.4 5.2 1.3 3.3 2012.144 6.2 3.9 2.1 5.8 669.896 2.6 0.8 0.7 2.4 4.405 -4.2 1.3 0.1 0.9 258.806 16.1 7.8 1.1 2.5 1856.776 34.5 -2.9 2.1 9.6 5443.111 8 3.3 0.9 4.6 9980.483 -3.9 -1.3 4.9 11.3 125.396 7.6 7.1 2.3 6.6 271.636 9.8 11.4 2.5 6 3296.592 4.3 7.4 8.7 15.6 402.22 12.6 14.4 6.8 16.3 696.515 -20.1 -12.9 9.3 18.2 28.204 3.3 4.3 0.6 1 210.855 -2.9 -3.2 0.5 1.2 1.583 9.1 17.3 0.1 0.4 109.66 5.4 -14.3 0.4 1.4 2971.188 2.6 -0.2 6 16.8 1488.57 3.2 4.6 1.8 9.8 49.733 20.8 12.2 0.5 3.5 2535.589 3.3 3.1 0.8 3 32.612 -5.3 5.6 2.1 13.6 42.681 -5.4 9.4 0.1 0.5 19.656 25.1 16.5 0.2 0.7 458.337 -0.2 3.7 0.8 5.8 161.823 1.8 3.1 0.4 1.7 548.249 -4.4 -2.4 3.3 8.6 984.392 6.9 4.2 4.1 10.6 96.453 5.5 1.4 1.7 5.3 1443.636 4.3 10.6 0.3 1.5 18.585 13.1 9.1 0.2 1 737.801 4.7 5 1.4 5.2 0.041 -14.5 6.2 0.5 0.6 654.262 2.4 0 1.8 8.1 6684.125 1.1 -2.8 7 64.7 927.069 11.8 9.1 7.3 20.1 0.274 2 0.4 1.9 6.3 73.187 13.7 8.8 0.8 1.5 1.24 22.7 13.7 0.4 1.1 96.488 0.5 1.8 0.1 0.5 13.605 7 5.9 0.4 2.2 80.906 5.8 4.9 0.6 1.4 15.068 7.8 8.2 0.1 0.2 113.103 -0.5 1.8 0.1 0.4 83.282 10.2 9.6 0.2 0.8 3586.064 3.6 4.8 2.7 7 0.747 15.7 6.8 1.7 2.6 0 -100 9.4 0 0 716.532 8 10.4 5.5 11.5 0.275 -65.3 -27.9 0.1 4.2 1.122 7.4 7.5 0.9 3.3 195.897 6.9 7 3.4 8.3 225.204 6.2 7.2 0.5 0.9 0.488 4.3 2.5 0.3 1.3 Source: Schonfeld and Associates, Inc. - 2015 Advertising Ratios and Budgets 3 2015 AD-TO-SALES RATIOS Industry Name LEATHER AND LEATHER PRODUCTS LIFE INSURANCE LOAN BROKERS LUMBER & OTH BLDG MATL-RETL LUMBER AND WOOD PDS, EX FURN LUMBER, PLYWD, MILLWORK-WHSL MACHINERY AND EQUIPMENT-WHSL MAGNETC,OPTIC RECORDNG MEDIA MAILING,REPRO,COMML ART SVCS MALT BEVERAGES MANAGEMENT CONSULTING SVCS MANAGEMENT SERVICES MANIFOLD BUSINESS FORMS MEAS & CONTROLLING DEV, NEC MEAT PACKING PLANTS MED, DENTAL, HOSP EQ-WHSL MEDICAL LABORATORIES MEDICINAL CHEMS,BOTANICL PDS MEMBERSHIP SPORT & REC CLUBS MENS,BOYS FRNSH, WORK CLTHNG METAL DOORS,FRAMES,MOLD,TRIM METAL MINING METALS SERVICE CENTERS-WHSL METALWORKING MACHINERY & EQ MILLWORK,VENEER,PLYWOOD MISC AMUSEMENT & REC SERVICE MISC BUSINESS CREDIT INSTN MISC BUSINESS SERVICES MISC CHEMICAL PRODUCTS MISC DURABLE GOODS-WHSL MISC ELEC MACHY,EQ,SUPPLIES MISC EQUIP RENTAL & LEASING MISC FABRICATED METAL PRODS MISC FOOD PREPS, KINDRED PDS MISC FURNITURE AND FIXTURES MISC HEALTH & ALLIED SVC,NEC MISC INDL, COML, MACHY & EQ MISC MANUFACTURNG INDUSTRIES MISC NONDURABLE GOODS-WHSL MISC PDS OF PETROLEUM & COAL MISC PLASTICS PRODUCTS MISC SHOPPING GOODS STORES MISC TRANSPORTATION EQUIP MISCELLANEOUS METAL ORES MISCELLANEOUS PUBLISHING MISCELLANEOUS RETAIL MOBILE HOMES MORTGAGE BANKERS & LOAN CORR MOTION PIC, VIDEOTAPE PRODTN MOTION PICT, VIDEOTAPE DISTR MOTION PICTURE THEATERS MOTOR HOMES MOTOR VEH PARTS, SUPPLY-WHSL MOTOR VEH SUPLY,NEW PTS-WHSL SIC Code No. 3100 6311 6163 5211 2400 5031 5080 3695 7330 2082 8742 8741 2761 3829 2011 5047 8071 2833 7997 2320 3442 1000 5051 3540 2430 7990 6159 7380 2890 5090 3690 7350 3490 2090 2590 8090 3590 3990 5190 2990 3080 5940 3790 1090 2741 5900 2451 6162 7812 7822 7830 3716 5010 5013 2014 Ad Spending ($Millions) 281.804 8 161.942 2405.176 20.8 21.56 7.037 14 299.136 4706.308 230.966 7.769 0.91 389.309 774.923 87.482 27.826 704.993 21.779 1338.138 25.308 335.241 0.77 439.291 289.175 1197.834 3096.964 171.773 284.421 6.975 790.848 112.327 98.801 363.936 7.927 36.235 0.026 181.106 3.38 5.112 1.64 1739.818 121.639 0.4 55.321 139.544 0.266 137.616 762.109 5.446 106.628 5.389 7.715 71.3 Annual Annual 2015 Ad Ad Sales 2015 Ad 2015 Ad Spending Growth Growth $ as % of $ as % of ($Millions) Rate (%) Rate (%) Sales Margin 315.683 11.3 4.2 3.8 5.8 5.588 -34.2 0.1 0.1 0.6 211.932 22.7 27.4 7.4 21.6 2449.275 1.8 4.2 1.4 4 21.923 4.8 6.2 5.1 12.2 21.561 1.4 5.8 0.3 1.6 6.98 -0.8 7.4 0.1 0.4 18 25.4 -30.2 3.3 14.2 328.507 9.4 8.9 22.4 32.1 4844.842 2.9 1 4.4 7.9 234.617 1.4 3.5 0.6 1.7 8.116 4.3 11.3 0.1 0.7 0.865 -5 3.6 0.1 0.5 409.113 5.1 4.5 1.6 2.8 817.935 5.4 7 1.3 9.7 87.893 0.9 4.9 0.3 1.2 29.775 7 2.6 0.2 0.4 734.688 4.2 4.2 15.8 32.1 22.577 3.7 5 0.6 2.1 1426.921 6.3 3.5 5 9.7 26.843 5.9 3.2 0.9 3.3 142.917 -59.3 -3.4 0.1 0.2 0.692 -10.7 0.4 0 2.3 462.393 4.7 4.1 1.7 4.7 296.094 2.6 7.9 3.4 12.2 1343.566 11.3 6.8 2 4.8 3955.561 27.7 -2 7.2 36.4 177.771 3.4 4.5 4.3 4.8 291.566 2.4 2.8 1.7 4.5 7.358 5.6 6.2 0.3 1 791.935 0.7 4.1 2.5 8.5 116.939 4 6.1 1.1 1.6 100.403 1.7 1.8 0.4 1.5 378.199 4 5.5 3.1 6.9 9.019 12.9 1.5 0.5 1 37.99 5.2 11.5 0.1 0.3 0.03 14.2 6.1 0.1 1.7 183.54 1.2 -1.4 5.3 11.9 3.564 5 6.8 0 0.3 5.025 -1.6 10.2 0.2 0.9 1.243 -28.2 2.7 0.1 0.4 1799.141 3.5 3.5 2.9 10.2 136.621 11.3 9.5 1.2 4.8 0 -100 2.2 0 0 54.728 -1.8 -3.7 0.4 1.3 149.12 5.9 9.9 0.8 2.7 0.291 9.1 3.2 1.2 5.5 147.465 10.1 19.3 2.5 5 856.942 11.8 2.2 9.7 25.2 7.492 32.3 32.6 2.2 10 113.215 5.3 7.6 0.7 3.2 5.959 10.1 16.5 0.5 3.9 7.293 -5.5 20 0 0.1 79.426 11.2 7.3 0.5 1.6 Source: Schonfeld and Associates, Inc. - 2015 Advertising Ratios and Budgets 4 2015 AD-TO-SALES RATIOS Industry Name MOTOR VEHICLE PART,ACCESSORY MOTOR VEHICLES & CAR BODIES MOTORCYCLES,BICYCLES & PARTS MOTORS AND GENERATORS NEWSPAPER:PUBG, PUBG & PRINT NON-OPERATING ESTABLISHMENTS OFFICE FURNITURE OFFICES OF MEDICAL DOCTORS OIL & GAS FIELD MACHY, EQUIP OIL & GAS FIELD SERVICES,NEC OIL AND GAS FIELD EXPL SVCS OPERATIVE BUILDERS OPERATORS-APARTMENT BLDGS OPHTHALMIC GOODS OPTICAL INSTRUMENTS & LENSES ORDNANCE AND ACCESSORIES ORTHO,PROSTH,SURG APPL,SUPLY PAINTS, VARNISHES, LACQUERS PAPER & PAPER PRODUCTS-WHSL PAPER MILLS PARTITIONS,SHELVING,LOCKERS PATENT OWNERS AND LESSORS PENS,PENCILS,OTH ARTIST MATL PERFUME,COSMETIC,TOILET PREP PERIODICAL:PUBG,PUBG & PRINT PERSONAL CREDIT INSTITUTIONS PERSONAL SERVICES PETROLEUM BULK STATIONS-WHSL PETROLEUM REFINING PETROLEUM,EX BULK STATN-WHSL PHARMACEUTICAL PREPARATIONS PHONE COMM EX RADIOTELEPHONE PHONO RECRDS,AUDIO TAPE,DISK PHOTOGRAPHIC EQUIP & SUPPLY PLASTC,SYNTH MATLS;EX GLASS PLASTICS PRODUCTS, NEC PLASTICS,RESINS,ELASTOMERS POULTRY SLAUGHTER & PROCESS PREFAB METAL BLDGS AND COMP PREFAB WOOD BLDGS,COMPONENTS PREP FRESH,FROZN FISH, SEAFD PREPACKAGED SOFTWARE PRIM SMELT,REFIN NONFER METL PRINTED CIRCUIT BOARDS PRINTING TRADES MACHY, EQUIP PROF & COML EQ & SUPPLY-WHSL PUBLIC BLDG & REL FURNITURE PUMPS AND PUMPING EQUIPMENT PWR,DISTR,SPECL TRANSFORMERS RACING,INCL TRACK OPERATIONS RADIO BROADCASTING STATIONS RADIO, TV BROADCAST, COMM EQ RADIO,TV,CONS ELECTR STORES RADIOTELEPHONE COMMUNICATION SIC Code No. 3714 3711 3751 3621 2711 9995 2520 8011 3533 1389 1382 1531 6513 3851 3827 3480 3842 2851 5110 2621 2540 6794 3950 2844 2721 6141 7200 5171 2911 5172 2834 4813 3652 3861 2820 3089 2821 2015 3448 2452 2092 7372 3330 3672 3555 5040 2531 3561 3612 7948 4832 3663 5731 4812 2014 Ad Spending ($Millions) 1660.306 42087.47 113.959 143.498 1313.799 176.575 4.471 96.533 111.179 179.033 24.431 428.751 0.119 742.592 6.281 227.965 496.427 1138.899 0.753 1258.409 0.103 297.166 324.8 17289.56 287.736 1816.494 1017.225 2.027 3317.337 273.724 22023.99 14727.26 83.701 319.393 847.098 308.31 13.521 41.956 7.728 4.863 30.584 7432.587 29.425 3.3 0.437 15.6 1.165 141.631 1.512 34.05 623.338 1800.474 891.417 22136.9 Annual Annual 2015 Ad Ad Sales 2015 Ad 2015 Ad Spending Growth Growth $ as % of $ as % of ($Millions) Rate (%) Rate (%) Sales Margin 1782.166 6.8 3.8 0.8 3.6 43473.18 2.8 1.1 2.9 12 119.295 5.4 6 1.7 3.8 157.005 8.6 5.6 1 3 1637.039 24.7 1.1 7.7 18.5 172.257 -2.5 -8.6 10.4 47.9 4.771 6.5 3.9 0.2 0.6 127.877 32.2 15.5 2.6 15.7 136.788 23 5.8 0.3 0.4 202.531 13.1 7.2 0.1 0.5 19.521 -16.8 2.2 0.3 0.7 489.429 13.1 18.3 0.7 3.2 0.128 7.5 -10.5 0.3 0.6 758.865 2.2 2.1 6.6 10 6.759 7.2 -1.1 0.2 0.3 258.325 12.5 7 2.6 7.9 513.244 3.3 3.9 1.5 2.1 1193.245 4 -0.8 2.2 5 0.753 0.4 7.1 0 0.1 1237.018 -1.9 -2.8 1.6 6.9 0.105 1.6 4 0.7 3.6 313.644 5.6 1.1 4.9 6.1 326.4 0.9 -1.6 5.8 13.8 18038.76 4.2 3.4 21.2 29.9 283.943 -1.3 -0.5 4.3 6.6 1911.822 4.6 6.1 1.6 3.8 1029.091 0.7 0.7 8.8 24.2 2.364 15.4 9.8 0 0.2 3547.998 6.9 -4.2 0.1 1.5 269.169 -1.7 4.6 0.3 2.9 21750.25 -1.7 -0.2 3.8 5.1 14618.43 -1.8 -4.2 2.8 6.3 86.98 3.8 4 2.7 5.6 282.558 -9.9 -7 0.7 1.6 728.64 -14.1 -1.2 0.8 2.7 323.703 4.9 5.3 1.7 4.5 13.542 0.3 0.8 0 0.1 48.504 14.7 2.2 0.3 1.2 8.596 10.7 7.4 0.6 2.4 4.7 -2.1 14.5 0.2 0.8 36.694 17.9 8.8 0.9 2.8 7773.421 4.5 6.6 2.7 3.5 28.545 -2.7 10.4 0.1 0.3 3.565 8 -3.9 0.5 1.2 0.373 -15.9 22.1 0.4 1 15 -3.9 2.7 0.3 1.1 1.123 -3.6 2.9 0.8 1.7 139.362 -0.9 7.2 0.5 1.2 1.729 12.9 5 0.3 0.7 33.999 -0.4 1.3 2.8 6.2 710.757 13 5.6 3.7 7.2 1887.544 4.3 4.1 0.7 1.7 778.453 -12.6 -6 1.8 7.8 22721.88 2 -0.7 2.8 5.7 Source: Schonfeld and Associates, Inc. - 2015 Advertising Ratios and Budgets 5 2015 AD-TO-SALES RATIOS Industry Name REAL ESTATE REAL ESTATE AGENTS & MGRS REAL ESTATE DEALERS REAL ESTATE INVESTMENT TRUST REAL ESTATE OPERATORS,LESSOR RECORD AND TAPE STORES REFRIG & SERVICE IND MACHINE REFUSE SYSTEMS RETAIL STORES, NEC ROLLING & DRAW NONFER METAL RUBBER AND PLASTICS FOOTWEAR SANITARY SERVICES SAUSAGE,OTH PREPARED MEAT PD SAWMILLS, PLANING MILLS, GEN SCRAP & WASTE MATERIALS-WHSL SEC SMELT,REFIN NONFER METAL SECURITY & COMMODITY BROKERS SECURITY BROKERS & DEALERS SEMICONDUCTOR,RELATED DEVICE SHIP & BOAT BLDG & REPAIRING SHOE STORES SHORT-TERM BUS CREDIT, EX AG SKILLED NURSING CARE FAC SOAP,DETERGENT,TOILET PREPS SOCIAL SERVICES SPEC OUTPATIENT FACILITY,NEC SPECIAL CLEAN,POLISH PREPS SPECIAL INDUSTRY MACHINERY SPECIAL INDUSTRY MACHY, NEC SPORTING & ATHLETIC GDS, NEC SRCH,DET,NAV,GUID,AERO SYS STEEL WORKS & BLAST FURNACES STEEL WRK, ROLL&FINISH MILL SUBDIVIDE, DEV, EX CEMETERY SUGAR & CONFECTIONERY PRODS SURGICAL,MED INSTR,APPARATUS SVCS TO DWELLINGS, OTH BLDGS SWITCHGEAR & SWITCHBOARD APP TELE & TELEGRAPH APPARATUS TELEVISION BROADCAST STATION TESTING LABORATORIES TEXTILE MILL PRODUCTS TIRES AND INNER TUBES TRANSPORTATION SERVICES TRUCK AND BUS BODIES TRUCKING, EXCEPT LOCAL TRUCKING,COURIER SVC,EX AIR VARIETY STORES VIDEO TAPE RENTAL WATCHES, CLOCKS AND PARTS WATER TRANSPORTATION WATER,SEWER,PIPELINE CONSTR WINE,BRANDY & BRANDY SPIRITS WMNS,MISS,CHLD,INFNT UNDGRMT SIC Code No. 6500 6531 6532 6798 6510 5735 3580 4953 5990 3350 3021 4950 2013 2421 5093 3341 6200 6211 3674 3730 5661 6153 8051 2840 8300 8093 2842 3550 3559 3949 3812 3312 3310 6552 2060 3841 7340 3613 3661 4833 8734 2200 3011 4700 3713 4213 4210 5331 7841 3873 4400 1623 2084 2340 2014 Ad Spending ($Millions) 115.431 994.421 15.6 7010.308 0.029 1.598 31.222 12.769 650.009 603.179 3322.064 0.652 168.928 0.764 0.033 0.14 549.986 2944.739 4581.289 2.291 379.45 744.055 0.3 19758.86 12.7 16.233 2170.23 5.474 99.698 221.236 1408.455 123.639 22.344 121.068 610.081 41.914 307.91 2.8 221.535 3030.43 1.273 4.208 487.444 3075.693 0.067 117.812 350.688 5693.506 533.1 232.7 1618.706 3.557 555.961 144.395 Annual Annual 2015 Ad Ad Sales 2015 Ad 2015 Ad Spending Growth Growth $ as % of $ as % of ($Millions) Rate (%) Rate (%) Sales Margin 124.838 7.3 14.8 1 6.8 1094.545 9.8 10 4.7 14.1 17.085 9.1 10.6 2.5 4.6 7228.494 2.4 9.2 4.6 12.3 0.023 -20.4 -8.5 0.8 -0.8 0 -100 -36.4 0 0 35.028 11.4 12.3 1 2.4 12.785 0 3.1 0 0.1 722.691 10.6 5.1 4.1 10.9 661.273 12.3 -0.5 1.1 6.4 3502.412 5.3 5.7 10.4 21.5 0.782 21.5 5.9 0 0.5 183.913 8.2 5.8 1.1 8.1 0.923 18.1 11.1 0.3 1.1 0.044 29.1 -22.1 2.8 5.8 0.155 8.5 -16.5 0.1 0.9 595.168 7.9 12 3 7.2 3158.02 6.9 1.1 1.8 4.5 4852.835 6.4 7.1 1.4 2.6 2.643 12.8 -5.1 1.4 7.3 407.372 7.1 6.3 2.3 6.4 737.198 -1.5 8.9 9.1 13.7 0.294 -4.3 1.1 0.1 1 20495.85 3.7 2.4 12.3 25.3 14.168 11.2 5.9 3.4 13.8 23.322 36.8 11.9 1.6 7.7 2339.453 7.4 6.1 10.4 20.7 5.441 -0.5 3.7 0.2 0.5 106.004 6.1 6.3 0.4 0.8 232.686 4.7 4.7 8.9 20.7 1403.005 0.3 -3.9 2.5 8.5 150.899 17.4 -3.5 0.3 1.6 23.928 6.7 5.3 0.4 2.2 130.982 4.1 -1.6 2.6 4.8 689.647 10.6 4.4 4.8 15.9 44.184 5.6 5.8 0.2 0.2 263.751 -17.6 2.2 2 6.8 3.048 9.1 1.6 0.3 0.8 221.368 -1.8 -2.1 0.9 2.1 3414.463 12.9 3.7 10.4 18.5 1.363 6.8 6.1 0.9 1.5 4.751 12.2 -0.9 0.7 4.1 455.487 -6.5 -8.9 2.3 7.7 3476.587 12.5 14 29 42 0.062 -9.5 7 0 0.1 128.941 9.1 6.9 0.4 2.9 362.03 3.2 2.6 0.2 4.6 5826.093 2.3 1.5 0.9 3.3 607.764 13.3 15.8 9.4 11.1 256.561 10 8.7 6.6 11 1722.48 6.2 3.6 3.4 9.4 4.233 15.8 4.3 0 0.2 662.503 17.6 17.9 6.4 13.9 140.725 -2.6 1.2 4.8 10.1 Source: Schonfeld and Associates, Inc. - 2015 Advertising Ratios and Budgets 6 2015 AD-TO-SALES RATIOS Industry Name WOMEN'S CLOTHING STORES WOMENS,MISSES,JRS OUTERWEAR WOOD HSHLD FURN, EX UPHOLSRD X-RAY & RELATED APPARATUS SIC Code No. 5621 2330 2511 3844 Annual Annual 2014 Ad 2015 Ad Ad Sales 2015 Ad 2015 Ad Spending Spending Growth Growth $ as % of $ as % of ($Millions) ($Millions) Rate (%) Rate (%) Sales Margin 1058.796 1093.17 3.3 3.6 3.7 8.1 4278.918 4582.941 4.7 0.9 11.3 17 16.207 17.911 10 3.4 4.7 8.7 13.391 10.482 -24.8 7.4 0.4 0.5 Source: Schonfeld and Associates, Inc. - 2015 Advertising Ratios and Budgets 7 2015 AD-TO-SALES RATIOS AND GROSS MARGINS NOTES: Advertising Ratios & Budgets are based on data from government filings and published financial records. Three accounting measures are reviewed: Advertising Expenditures, Net Sales and Cost of Goods Sold. SIC No. = Standard Industrial Classification Number as established by the U.S. Department of Commerce. Ad Dollars as Percent of Sales = Advertising Expense Divided by Net Sales (after returns, allowances, discounts). For practical purposes, Net Sales can be thought of as the "Top Line" of the company's income statement. The ratio shown is an estimate for the current year based on forecasting models. It can be thought of as the "most likely" advertising-to-sales ratio for the specified industry. Ad Dollars as Percent of Margin - Advertising Expense Divided by Net Sales Minus Cost of Goods Sold. (Includes production, labor, materials, and appropriate overhead; does not include non-production expenses, taxes, interest, depreciation, amortization, selling, general, and administrative expenses. For Non-Manufacturing companies, cost of goods sold represent total operating costs.) The ratio shown is an estimate for the current year based on forecasting models. It can be thought of as the "most likely" advertising-to-gross margin ratiio for the specified industry. Annual Ad Growth Rate (%) and Annual Sales Growth Rate (%): Two growth rates are reported for each industry. These growth rates are based on forecasted advertising spending and forecasted sales from the models applied to historical data. They are the average annual compound growth rate in advertising and in net sales expressed as a percentage, calculated over the current period, last year to next year. In some instances, the growth rate of advertising and the growth rate of net sales will be the same. This event indicates that the Constant Ratio Model was mainly or entirely used to estimate advertising spending. Since this model uses forecasted sales to estimate advertising spending, the growth rates will b the same or similar. In this report, a zero value such as 0 or 0.0 are "legitimate" numeric values which indicate that spending for the year was under $1,000. N/A is used to indicate missing data (ad spending not published or released; or the forecasting models were not able to derive estimates). In the industry summary tables, where figures are composites of data values for the set of all firms in the industry, the difference between N/A and "zero" is important. In calculating industry summary figures, N/A values are omitted from the calculations while "zero" values are included. Source: Schonfeld & Associates - 2015 Advertising Ratios & Budgets