No surprises in the results Roadshow feedback: Investors bearish on grid companies' power equipment subsidiaries Q4 Trends Generally Track Expectations; 2017 Outlook Brackets Consensus 4Q16 small beat on higher NII but provisions elevated What is the potential impact from the Odebrecht case? UBS Evidence Lab Survey: CapEx budget outlook solid post-election; Health IT remains priority Operating leverage turns negative Financials hold up while metrics weaken Sustainable growth in FY17 & beyond Have mobile FCF's peaked?