Slide 1: H1 2017 Results
1 2017 RESULTS
Slide 2: Bruno Grossi, Galliane Touze
Bruno Grossi Executive Director Galliane Touze Company Secretary
Slide 3: Key facts & figures, financial results, outlook
O17 Key facts & Figures O53 H1 2017 Financial results O4 Outlook for 2017
Slide 4: Key facts & figures
O17 Key facts & figures
Slide 5: Key H1 2017 events
KEY H1 20177 EVENTS » One-Galaxy model confirmed, with acceleration of the growth of Satellites, and continued strength of Strategic Accounts and cross-disciplinary offers » Continuation of the targeted acquisitions strategy with the acquisition of BIS (Netherlands / Belgium), LP Digital (France) an
Slide 6: H1 2017: Key figures
H1 2017: KEY FIGURES REVENUE ROP' €1,280 mM +5.7% 2.4% of which is organic (1) Recurring Operating Profit, before amortisation of intangible assets from acquisitions NET FINANCIAL DEBT €204m ( H1 gearing down to 46%o H1 2017 Results 5
Slide 7: Slide 7
Slide 8: "One Galaxy": a unique business model
“ONE GALAXY”: A UNIQUE BUSINESS MODEL a growing ‘ SATELLITES’ ‘ PLANET" & acting as boosters Technology with cutting-edge Management expertises [ & Financing \ F Products Services & Solutions No H1 2017 Results 7
Slide 9: A stronger coordination between our businesses sustains growth
A STRONGER COORDINATION BETWEEN OUR BUSINESSES SUSTAINS GROWTH + 10% Revenue from multi-business line solutions +1O0% organic growth for our 25 largest accounts with cross-business line management + 15°% organic growth of Satellites in H1 2017 H1 2017 Results 8
Slide 10: Continuing the targeted acquisitions strategy
CONTINUING THE TARGETED ACQUISITIONS STRATEGY BIS (100%) LP DIGITAL (100%) JTRS (40%) » » » » » » » A leading multimedia solutions integrator on the Benelux market (€50 M revenue in 2016) Deploy entire offering and develop new cross-business line solutions in the key Benelux area Synergies expected
Slide 11: Success stories
SUCCESS STORIES
Slide 12: A partner of choice in large modernization projects
A PARTNER OF CHOICE IN LARGE MODERNIZATION PROJECTS Several contracts Econocom ranging from seen a prime €15 M to €100 M contractor signed in last 12 months by large clients H1 2017 Results 11
Slide 13: Transforming business operations
TRANSFORMING BUSINESS OPERATIONS HOME BUILDER H1 2017 Results 12
Slide 14: Financial results
O53 H1 2017 Financial results
Slide 15: Steady revenue growth
STEADY REVENUE GROWTH +5.7% ow +2.4% organic €1,212M €1,280 M Technology Management & Financing -1.5% +10.9% 4.4% organic €211M +16.8% H1 2017 €246 M 9.0% organic H1 2017 Results 14
Slide 16: Rise in recurring operating profit
RISE INRECURRING OPERATING PROFIT” 4.4% 45 (1) Before amortisation of intangible assets from acquisitions » Slight improvement in margin at group level » A semester of operational investments: €6 M additional opex engaged in H1 (recruitments, marketing, new offers) H1 2017 Results 15
Slide 17: Technology Management & Financing
TECHNOLOGY MANAGEMENT & FINANCING Contract portfolio (as of 30 June 2017) €5.5 Bn €2.4 Bn €0.1 Bn Outstandings Portfolio (original Residual purchase price) interest? (1) In-house refinancing company (2) Estimated value of assets at the expiry of the lease contract » » » » » Revenue at €604 Mi (-1.5%
Slide 18: Services
SERVICES Revenue +10.9% 4.4% organic Recurring operating profit™ (1) Before amortisation of intangible assets from acquisitions » » » Positive sales impact of the roll-out of large multi-year contracts Strong contribution of Services satellites at +717 organically Short-term profitability impacted b
Slide 19: Products & Solutions
PRODUCTS & SOLUTIONS Revenue +16.8% 9% organic Recurring operating profit™ (1) Before amortisation of intangible assets from acquisitions » » » Continued growth in France and Spain Significant contracts won notably in the public sector (education, healthcare) Integration of BIS in Benelux H1 2017 Re
Slide 20: Consolidated income statement
CONSOLIDATED INCOME STATEMENT (In €M) H1 2016 H1 2017 CHANGE REVENUE 1,211.6 1,280.2 RECURRING OPERATING PROFIT before amortisation of intangible assets 53.3 58.2 from acquisitions Recurring operating profit 51.2 56.1 » Non-recurring items to prepare Nom-recurring operating incomes and expenses (1.5
Slide 21: Consolidated balance sheet
CONSOLIDATED BALANCE SHEET ACTIF (in €M) 31/12/2016| 30/06/2017 EQUITY & LIABILITIES (in €M) 31/12/2016] 30/06/2017 9 S57 Goodwill 53: Equity attributable to owners of the parent 201 373 Residual interest in leased assets 77 95 Non-controlling interests 78 67 Other nom-current assets 160 171 EQUITY
Slide 22: Structure of net financial debt
STRUCTURE OF NET FINANCIAL DEBT Contracts and receivables Refinanced with recourse Schuldschein Euro PP Net debt » » » 100% of ORNANE convertible bonds converted in April 2017 NBD under control: €204 M €163 M of which backed by lease contracts H1 2017 Results 21
Slide 23: Net of the ORNANE conversion, financial debt showed the usual seasonality
NET OF THE ORNANE CONVERSION, FINANCIAL DEBT SHOWED THE USUAL SEASONALITY NBD NBD 311216 ORNANE 31/126 Financial 15 expenses @taxes CAPEX eae 20 Share buy-back” (1) Impact on cash of exceptional costs (2) Net of disposals and financial debt (3) Net of sales made for the exercise of options » » » » U
Slide 24: A stable ownership structure to ensure a long-term vision
A STABLE OWNERSHIP STRUCTURE TO ENSURE A LONG-TERM VISION 36.4% Companies controlled by JL Bouchard 3.36% Treasury shares 60.21% Floating shares » » » Appointment of Robert Bouchard as Group coo Two-for-one share split on 02/06/17 * 245.2 M outstanding shares * 8.2 M treasury shares The board of dir
Slide 25: Outlook for 2017
O4 Outlook for 2017
Slide 26: 2017: Confirming our growth prospects
2017: CONFIRMING OUR GROWTH PROSPECTS ORGANIC A FURTHER GROWTH DOUBLE-DIGIT RISE > 5% IN RECURRING OPERATING PROFIT! (1) Before amortisation of intangible assets from acquisitions H1 2017 Results 25
Slide 27: After the success of the last two strategic plans...
AFTER THE SUCCESS OF THE LAST TWO STRATEGIC PLANS... >€2,700 M @ Consolidatedrevenue ———s—“‘“—<“‘<‘<i‘i‘it MRI I @ Recurring operating profit() HORIZON 2012 PLAN MUTATION 2017 PLAN E FOR EXCELLENCE (1) Before amortisation of intangible assets from acquisitions 11 2017 Results 6
Slide 28: For excellence: Investor Day October 2017
for excellence Investor Day 3 OCTOBER 2017
Slide 29: Results 2017
C€COnNOco!:M) 1 2017 RESULTS