Markets Overview Reflationary theme Is it peaking? We think so China Healthcare Future stays good Flashing a toothpaste smile 4Q: In line & strong operating results; EPS miss on higher financing expenses Positioned to be the first to step up returns Takeaways from the China smartphone trip Q4 EPS Way Ahead 1H17 result: APLNG on track to hit 9 mtpa in FY18 Let's Play Q&A: Second Significant EPS Shortfall of 2016; This Time For A Different Reason…(erratum)