Slide 1: Positioning Cegedim for Growth: SaaS
2015 - 2016: Positioning Cegedim for Growth SaaS
Slide 2: Safe Harbor Statement
SAFE HARBOR STATEMENT This presentation contains forward-looking statements (made pursuant to the safe harbour provisions of the Private Securities Litigation Reform Act of 1995). By their nature, forward-looking statements involve risk and uncertainty. Forward-looking statements represent the compa
Slide 3: Cegedim at a Glance
Legedim at Glance More than 3,600 employees Vv ¢ Present in 11 countries v ¢ €510m Revenues 2015 figures Bu cegedim Fy 2015 Revenue - Jan.2016 Health Insurance, Healthcare H.R. & e-services Professionals Cegelease WL dé dcdddddeddecdddeddd ee edd. Software & IT for Health Insurance Companies SartWaT
Slide 4: A Well-Balanced and Diversified Revenue Mix
A Well-Balanced and Diversified Revenue Mix FY 2015 Revenue - Jan.2016 4
Slide 5: Q4 and FY 2015 Revenue Highlights
Q4 2015 €143.4m ¢ Reviewed downward due * Group offering shifting to BPO and SaaS/Cloud AP 13.5% reported to the cloud transition * Group cloud and BPO ¢ 2015 EBITDA expected — (O. 1 )% LL offerings a succes stable relative to 2014 ¢ BPO revenues up by double digits in Q4 2015 * The peak of transiti
Slide 6: Cegedim Growth Story
Cegedim Growth Story Market Strategy FY 2015 Revenue - Jan.2016 6
Slide 7: Positioning Cegedim for Growth
> i 2015 - 2016: Positioning Cegedim for Growth 7 cegedim FY 2015 Revenue - nos
Slide 8: Why SaaS, Cloud, BPO and Digitalization?
Why SaaS, Cloud, BPO and Digitalization ? Creat for Customers customers, are ready Cegedim and shareholders and we are ready . cegedim ENE INES ir . --
Slide 9: Great for Customers, Cegedim, Shareholders
Great Great Great for customers for Cegedim for shareholders ¢ Flexibility in scaling ¢ Simplifies our business e Increases customer v v lifetime value ¢ Optimizes usage * Accelerates adoption vy v v ¢ Increases addressable ¢ Simplifies business ¢ Gets us closer to the market v customer v * Access t
Slide 10: Customers Are Ready, Cegedim Is Ready
Customers are Cegedim is ready ready ¢ More deployments ¢ Robust IT infrastructure Vv v ¢ Demand take-off e Experience of SaaS, BPO, ¥ Digitalization e Existing product catalyzed v demand ¢ Talented and motivated people v ¢ Financial flexibility 7 cegedim FY 2015 Revenue - Jan.2016 ir F 10
Slide 11: Drivers for BPO
FOCUS on core business Drivers for BPO ae cegedim FY 2015 Revenue - nos v Process efficiency Vv ¥ Reduce costs: Staff costs operational expenses financial expenses v v Reliability / quality of service Vv ¥ Staff motivation / retention v v Flexibility in scaling nn
Slide 12: BPO - Business Process Outsourcing
BPO - Business Process Outsourcing Human Payment resources services Benefits Insurance Premium Customer enrollment processing administration support Medical Appointment Third party billing scheduling verification 7 cegedim FY 2015 Revenue - os 12
Slide 13: Bolt-on Acquisitions
Bolt-on acquisitions Activus UK ¢ UK's leading suppliers of health and protection insurance software wv ¢ Revenue of around €7 million in 2014 Nightingale USA ¢ Pulse Systems, Inc., had acquired the US healthcare management activities of Nightingale v ¢ EHR in client-server and cloud formats 7 ceged
Slide 14: Cloud, Geographical Expansion, SaaS Offer
> m Cloud Geographical expansion SaaS D ia Offer 14
Slide 15: FY 2015 Revenues Review
FY 2015 Revenues review FY 2015 Revenue - Jan.2016 15
Slide 16: FY 2015 Revenue Growth
FY-2015 Revenue Growth | FY-2014 Ea Structure Currency — . K \ HR&eservics 222m 9 +8.7% +1.7% +0.0% 46.5% €236.6m N \ Gegelease €115.1m_+1.7% _ _ 17% = €117.0m S — \ nat alecsted 3.9m +7.8% +7.8% €4.2m Cegedim €493.5m +0.7% +3.3% €509.9m Acquisition of GBP: Activus July 2015 €6.7m / 12.6%!" USD: €2.
Slide 17: 9M 2015 Performance by Division
9M 2015 Performance by Division FY 2015 Revenue - Jan.2016 17
Slide 18: Health Insurance, HR & e-services Division Overview
Health Insurance, HR & e-services Division Overview FY 2015 Revenue - Jan.2016 18
Slide 19: Healthcare Professionals Division Overview
Healthcare Professionals Division Overview FY 2015 Revenue - Jan.2016 19
Slide 20: Cegelease Division Overview
Cegelease Division Overview FY 2015 Revenue - Jan.2016 20
Slide 21: Managing the Debt Profile
Managing the Deot Protile ¢ New RCF facility of €200m with a 5 years maturity. Signed on January 2016 ¢ Shareholder loan : Viaturity extended to Jan. 2021 ¢ 6.75% bond 2020 : Full redemption before end of June 2016. Call option on April 1, 2016 7 cegedim FY 2015 Revenue - nos 21
Slide 22: Upgraded to BB-, Positive Outlook
Upgraded to BB-, Positive Outlook FY 2015 Revenue - Jan.2016 22
Slide 23: Outlook
Outlook Revised downward Cegedim expects™ ¢ 2015 EBITDA to be stable relative to 2014 e Achieve stability with respect to both revenues and EBITDA in 2016 despite the transition peak (” These projections are publicly disclosed on January 28, 2016. The fact that Cegedim includes these projections in
Slide 24: Positioning Cegedim for Growth
@ »> 2015 - 2016: Positioning Cegedim for Growth 24
Slide 25: FY2015 Earnings, March 23, 2016 and IR app
BY on March 23, 2016 FY2015 Earnings The Cegedim IR app for Android, iPhone* and iPad* lets you follow Cegedim Financial news and receive customized push notifications, and gives access to all the information an investor or journalist might want. > http://www.cegedim.com/CegedimIR 25
Slide 26: Annexes
Annexes FY 2015 Revenue - Jan.2016 26
Slide 27: Cegedim's Strengths
Stable, well-balanced and diversified revenue mix Leading market positions in each of our divisions Unique presence in the Healthcare Ecosystem High barriers to entry Recognized portfolio of Long-standing shareholder innovative and integrated support and experienced solutions management Cegedim’s St
Slide 28: Leading Market Positions by Activity
Cegedim Health Insurance Cegedim SRH ) Software & IT Third-Party Payment In France +40,000 in 2013 in France in France +50,000 in 2014 Acquisitions of payslips Cegedim e-business Cegedim Healthcare Software European +300 million in 2014 UK Pharmacists French Pharmacists Network Electronic Documents
Slide 29: FY Performance by Division
FY Performance by Division FY 2015 Revenue - Jan.2016 29
Slide 30: Financial Calendar 2016
me a8 Analyst Meeting A H1 2016 Results A Q2 2016 Q1 2016 Q3 2016 Results : cegedim FY 2015 Revenue - nos a 30
Slide 31: We welcome your questions and comments
We welcome your questions and comments Jan Eryk Umiastowski Chief Investment Officer - Head of Investor Relations janeryk.umiastowski@cegedim.com