Slide 1: 2016 Half-year results
CECOMNOCOTT) 2016 Half-year results 8'® September 2016
Slide 2: Presenters
Bruno GROSSI Bruno LEMAISTRE Galliane TOUZE Executive Director Strategy, Acquisitions, Communications Executive Director Chief Operating Officer Company Secretary 1
Slide 3: Key figures and highlights
Key figures and highlights ) Implementing growth drivers for the Mutation 2017 plan »-H1 2016 results ~ Qutlook for 2016 12
Slide 4: Key figures & highlights
OT Key figures & highlights
Slide 5: Key figures and highlights
Co] Key figures and highlights Continuing the growth dynamic Recurring net profit, f i it) Revenue €1,212 M ReSalithits) Ofearehols) Plieiin attributable to owners of €53.3M Of which © the parent?) €31.7 M All the activities Sharp rise in Financial expenses and have reported growth profitability for
Slide 6: Key figures and highlights
Co] Key figures and highlights A first half of investments, innovation and commitment 4 acquisitions at end of August to strengthen Reinforcing strategic and technological our business and geographical footholds partnerships Developing “incubators” to transform digital Launch of the CSR barometer: i
Slide 7: Implementing growth drivers for the Mutation 2017 plan
op Implementing growth drivers forthe Mutation 2017 plan
Slide 8: Growth drivers
GROWTH DRIVERS TT a INTERNATIONAL cc DIGITAL - a] SYNERGIES
Slide 9: Growth drivers: acquisitions
(o2] GROWTH DRIVERS © . . . . . . . ACQUISITIONS So far, controlling interests acquired in 4 companies in our key sectors and countries Digital services for hospital patients cineolia on multimedia equipment | | €2 M revenue January 2016 60% of the share capital caverin Digital multimedia solutions
Slide 10: Growth drivers: acquisitions in e-education
(o2] GROWTH DRIVERS © . a . ACQUISITIONS Econocom, a dedicated digital transformation player, supports innovative new companies in the e-education sector Learning for everyone throughout junior and senior secondary school 22% of the share capital Speeding up deployment of creative programming for yo
Slide 11: Growth contribution from the Econocom satellites
(o2] GROWTH DRIVERS A growing contribution from the Econocom satellites to the group’s growth security a DIGITAL SECURITY EXAPROBE €106 M H1 consolidated revenue web & mobile apps oy ALTER WAY BIZMATICA + 71.5% Growth ACQUISITIONS _ digital ole transformation consulting DIGITAL DIMENSION HELIS CAVER
Slide 12: Growth drivers
GROWTH DRIVERS cc DIGITAL Tk a INTERNATIONAL cic y - La SYNERGIES 11
Slide 13: Growth drivers: digital market
cd) (o2] GROWTH DRIVERS DIGITAL The digital market confirms its growth potential MARKET SEGMENTS POSTING STRONG GROWTH(*) A profoundly changing market > Shift towards solutions on a per-use basis (aaS) in a cloud approach <> ~~ CLOUD > Bringing all objects into the communicating world Py lot > Major
Slide 14: Strengthening strategic partnerships in growth segments
cd) (o2] GROWTH DRIVERS DIGITAL Strengthening strategic partnerships in these growth segments Econocom, the n° 1 Apple integrator for education and B2B in France, mobility solutions and the application ecosystem Creation of Infeeny, a dedicated division for cloud-based, mobile Microsoft solutions |
Slide 15: Digital Security becomes one of the added-value services
Digital Security becomes one of the added-value services, with Europe’s A solution to address 14
Slide 16: Secure access in the banking world
(o2] GROWTH DRIVERS DIGITAL Secure access in the banking world With the aim of streamlining and harmonising its IT system and complying with the regulatory requirements of Basel III, this French bank with a global presence called upon Econocom Digital Security to build and secure its IT access. Scop
Slide 17: Connected handbag for a French luxury brand
GROWTH DRIVERS IDEATION Connected handbag for a French luxury brand New Attracting new audiences thanks to an “all-in-one” . connected kiosk for this French horse-racing betting services company Offering personalised services for this heating specialist Optimising logistics for this leading airline
Slide 18: Growth drivers
GROWTH DRIVERS cc DIGITAL ) ACQUISITIONS - a] SYNERGIES 17
Slide 19: Multi-activity model implemented
revenue: € growth Multi-activity model implemented revenue: € growth of which is organic With the acquisition of Asystel Italia, threefold increase in revenue for Services in 2 years 18
Slide 20: Growth drivers: international
GROWTH DRIVERS cob (+) DIGITAL ACQUISITIONS oN ° Oe” INTERNATIONAL
Slide 21: Synergies: integrator of technological and financial solutions
SYNERGIES Positioned as an integrator of technological and financial solutions that address a growing demand from the market 23% increase in multi-business line offerings, 82% of which is outside France I 20
Slide 22: H1 2016 results
O= H1 2016 results
Slide 23: Continuing the growth in revenue
(o3] 1 2016 FINANCIAL RESULTS Continuing the growth in revenue 1,122 7 H1 2015 H1 2016 Mixed growth dynamic: 5.1% organic growth Confirms the performance of the investment strategy and development model 22
Slide 24: Growth driven by all activities
(o3] 1 2016 FINANCIAL RESULTS Growth driven by all 3 activities +8.1% 7 7.9% organic 613 567 H1 _H1 2015 2016 Technology Management & Financing ‘7 4.3% organic 388 345 H1_H1 2015 2016 Services a 1.1% organic 210 211 H1_H1 2015 2016 Products & Solutions Technology Management & Financing and Services:
Slide 25: Revenue by geographical area
(o3] 1 2016 FINANCIAL RESULTS Revenue by geographical area +6.4% 7 4.9% organic 641 603 H1 1 2015 2016 France H1 1 2015 2016 Benelux +16.6% 7 5.8% organic 229 196 H1 HI 2015 2016 Southern Europe 7 15.8% organic 168 142 H1 HI 2015 2016 Rest of the world France +6.4% - healthy business trend driven by
Slide 26: Recurring operating profit
(o3] 1 2016 FINANCIAL RESULTS Recurring operating profit! eS) 43.4 H1 2015 H1 2016 Sharp increase in ROP of 22.7% and operating margin rate (+0.5pt) > Continuing improvement in profitability for Services (+0.9pt to 4.8%) and TMF (+0.5pt to 5.0%) > Full positive effect of synergies (Osiatis), savings
Slide 27: Technology Management & Financing
(o3] 1 2016 FINANCIAL RESULTS Technology Management & Financing CONTRACT PORTFOLIO €5.3 Bn €2.2 Bn €101M Residual Outstandings Purchase price eee Revenue rose €613 M, up 8.1%, 7.9% of which was organic Recurring operating profit2: € 30.7 M, up 21% Residual interest of €101 M, which accounts for less
Slide 28: Products & Solutions
(o3] 1 2016 FINANCIAL RESULTS Products & Solutions Revenue rose slightly (0.2%) to € 211 M, driven by: 211 210 A > Acquisition of Caverin Solutions, which contributed €8.9 M > 2.6% growth in Benelux, which reported a good second quarter Recurring operating profit of €4.1 M Some successful deals whic
Slide 29: Services
(o3] 1 2016 FINANCIAL RESULTS Services H1H1 2015 2016 Revenue H1_H1 2015 2016 ROP Revenue of €388 M, i.e. 12.6% mixed growth: > Strong organic growth dynamic: Planet (+3.2%) and for the whole activity (+4.3%) Recurring operating profit™ stands at €18.5 M > 35.5% rise > Substantial improvement in ope
Slide 30: Consolidated income statement
(o3] H1 2016 FINANCIAL RESULTS Consolidated income statement In €M H1 2015 REVENUE 1122.3 RECURRING OPERATING PROFIT! 43.4 Recurring operating profit 41.4 Non-recurring operating expenses aa) OPERATING PROFIT 40.3 Financial result (6.2) Change in fair value of ORNANE derivative PROFIT BEFORE TAX Inc
Slide 31: Consolidated balance sheet
(o3] H1 2016 FINANCIAL RESULTS Consolidated balance sheet In €M ASSETS Goodwill Leasing residual interest Other non-current assets NON-CURRENT ASSETS Leasing residual interest Trade and other receivables Other current assets Cash CURRENT ASSETS Assets held for sale TOTAL BALANCE SHEET 31.12.15 484 I
Slide 32: Structure of net financial debt on 30 June 2016
(o3] H1 2016 FINANCIAL RESULTS Structure of net financial debt on 30 June 2016 Net cash €41M Net cash: Net book debt of under control and in line Short-term credit lines & commercial papers fi} fj 9 Gross cash andcash -151 g with expectations: ‘contracts and equivalents receivables 2x 12 months EBIT
Slide 33: Change in net book financial debt over 6 months
(o3] H1 2016 FINANCIAL RESULTS Change in net book financial debt over 6 months Typically seasonal nature of WCR in H1 +52 per gon ies mee A half-year of major ww investments: #1 nopecurring wo in our activities (investments in TMF, CAPEX, M&A) 2 -21 Financial expenses &Incometaxes -2 Redemption of ~
Slide 34: Change in net book financial debt over 12 months
(o3] H1 2016 FINANCIAL RESULTS Change in net book financial debt over 12 months NBD 30.06.15 -251 +120 Cash flow from ~ perating salves 46 -33 RTE wa TERRE & income taxes. H1 nopsecuring D items Redemption of 7 UG ENE 2B wy carex WCR -32 & 39 U wee -16 Share St n acquired compani ut for the exercise
Slide 35: Outlook for 2016
O4 Outlook for 2016
Slide 36: Outlook: organic growth, recurring operating profit, EPS
Organic growth A double-digit rise in recurring Another increase in net earnings per above the market rate K operating profit share
Slide 37: Outlook for 2016
(04) (QUTLOOK FOR ET NSS Recurring operating Revenue profit
Slide 38: Outlook for 2016: strong assets
@ OUTLOOK FOR 2016 Strong assets Presence in high growth-potential markets Combination of technological expertise and financial innovation The group’s attractiveness increased by its size and position in the digital market Solid financial structure, a balanced risk profile and strong cash flow gener
Slide 39: Econocom
CECOMOCOTT)