Slide 1: (S) CN S N = N al; =e) =|5 oO ce} o —- |
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Slide 2: Forward-looking statements
This presentation contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on expectations and assumptions that we believe to be reasonable when made, but that may not prove to be accurate. By their nature,
Slide 3: Cegedim
Cegedim
Slide 4: Cegedim
Cegedim Bj cegedim Institutional Labrune’s family and private Data, digital, and network technology investors experts. Cegedim is specialized in healthcare sector and B2B digital data flow mana- gement, and in business software for healthcare and insurance professionals. The Group is also active in
Slide 5: Our offering
Our offering Bj cegedim H1- Earnings Corporate & Others Wharmastock Health Insurance, HR & e-services Payers Hospitals CEGEDIM acTIY, Hospitals Cet ip Hosting Picestion cegedim.cloud Pharma H Healthcare FUTURAMEDIA 2 cegedim Professionals ame EE GERSDATA Providers Bg cegedim Pharmacists sin _ Boeged
Slide 6: A global presence
A global presence GERMANY Ximantix UNITED KINGDOM BELGIUM Cegedim Insurance Solutions / HDMP Cegedim RX / INPS / NetEDI IRELAND ROMANIA CwisL SWITZERLAND — Cegedim Service Center i Cegedim RX cc » ITALY Millennium EGYPT ft R&D Center MOROCCO Cegedim Insurance Solutions Cegedim Outsourcing Cegedim SR
Slide 7: A unique, diversified Group creating synergies and opportunities
A unique, diversified Group creating synergies and opportunities 7
Slide 8: Business group review
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Slide 9: The Big Picture
The Big Picture Bj cegedim +3.3% (8.0)% (2.5)% €121.5m €114.7m €236.2m Revenue Revenue Revenue (50.1) % €6.3m Recurring Operating Income Covid 19 pandemic
Slide 10: Covid-19 and lockdown
How we got through the crisis + Priorities: personal safety and business continuity * Telework: deployed in all countries during lockdown + Limited recourse to partial unemployment + Solid business model focusing largely on the healthcare sector Covid-19 and lockdown Bj cegedim + Product development
Slide 11: Disciplined financial management
Disciplined financial management 11
Slide 12: Impact on operation
Impact on operation Health insurance, HR & e-services + Health insurance sector and Cegedim e-business activity: some project delays and difficulty winning new clients + Cegedim e-business: launched a simplified version of its digitization solution + Third-party payments and outsourced management: b
Slide 13: FY 2020 Outlook
FY 2020 Outlook Bj cegedim HI1-2020 performance H2-2020 outlook FY. 20 outlook First-half revenues fell 2.5% The Group operates predominantly in Consequenily, relative to 2019, like for like, and current operating the healthcare sector and expects Cegedim is looking for nearly stable FY income fell
Slide 14: Finance
Finance Im mi ceged X Ws i —— —_ Ni) it i} ‘my
Slide 15: H1 2020 The big picture
H1 2020 The big picture ma cegedim REVENUE RECURRING OPERATING INCOME © i [ HI-2019 H1-2020 H1-2019 HI-2020 NET DEBT EXD. LEASE LIABILITIES €12.6m MARGIN 5.1% HI - 2019 H1-2020 HI-2019 HI-2020 15
Slide 16: H1 2020 Revenue overview
H1 2020 Revenue overview HY 2019 HY 2020 ma cegedim @.0.0 REPORTED ORGANIC REVENUE BREAKDOWN BY: aA CURRENCY STRUCTURE COSYTEC NetEDI © PUuLse's ASSETS, a em So NC =p oc G go ae S Re 5 ad R 16
Slide 17: L-f-l revenue growth by business group
L-f-l revenue growth by business group 17
Slide 18: Recurring Operating Income Trend
Recurring Operating Income Trend 18
Slide 19: Recurring operating income by division
H1-2019 H1-2020 RECURRING OPERATING INCOME BY DIVISION €(6.6)m +€0.1m +€0.1m H1-2019 H1-2020 (0) Health Insurance, HR & e-services (I) Healthcare Professionals GEN Corporate and others 19
Slide 20: Health Insurance, HR & E-Services Division Overview
Health Insurance, HR & E-Services Division Overview 20
Slide 21: Healthcare Professionals Division Overview
Healthcare Professionals Division Overview
Slide 22: H1 2020 Financial Performance
H1 2020 Financial Performance In € million H1 2019 H1 2020 % change REVENUE 245.8 236.2 (3.9)% EBITDA 45.5 38.2 (15.9)% Margin 18.5% 16.2% (231)bps D&A (32.8) (31.9) (2.7)% RECURRING OPERATING INCOME 12.6 6.3 (50.1)% Margin 5.1% 2.7% (247)bps Other non-recurring operating income and expenses (16.3)
Slide 23: June 2020 Balance Sheet
June 2020 Balance Sheet Sound Financial Structure In € million Dec. 19 Jun. 20 ASSETS Goodwill 192.7 186.0 Intangible assets 157.5 163.9 Tangible assets 99.2 102.7 Financial assets 19.8 22.0 Other non-current assets 47.6 48.4 Cash & cash equivalents 29.1 26.1 Includes sums managed on behalf of mutua
Slide 24: FCF from operations
FCF from operations In € million June 2019 June 2020 Cash flow before taxes and interests 43.1 34.7 The improvement in WCR is attributable to: Change in working capital requirement (47.6) +18.1 ! Corporate tax paid (0.5) (2.1) • a €15 million boost from the postponement of social Net cash flow from
Slide 25: Change in Net Financial Debt
Change in Net Financial Debt 25
Slide 26: FY 2020 Financial Agenda
FY 2020 Financial Agenda ma cegedim September 25 October 28 December 15 at 10:00am CET after the market close Analyst meeting (SFAF) in SFAF’s offices Third quarter Investor Day 2020 revenues 26
Slide 27: Annexes
Annexes \y NN Hh Wh MM) x RY % SK We Ny Ny ie Ro Pa ee FSEE — ZZZEFESEE ZZ
Slide 28: Alternative Performance Indicator
Alternative Performance Indicator This financial performance indicator is equivalent to “operating profit from continuing activities” plus net depreciation and amortization expenses. Operating profit from continuing activities is defined as the sum of « recurring operating income » and « other non-r
Slide 29: Recurring operating income and EBITDA
Recurring operating income and EBITDA in € million In € million H1 2019 H1 2020 Operating income (a) (3.6) 0.1 Non-recurring operating income and expenses (b) (13.8) (6.2) Amortization of goodwill (c) (2.5) (0.0) Recurring operating income (REBIT) (d= a-b-c) 12.6 6.3 Depreciation and amortization ex
Slide 30: H1 2020 Revenue
H1 2020 Revenue In € thousands Division 1 Division 2 Division 3 Group 2019 REVENUE (a) 162,498 81,572 1,724 245,795 Impact of disposals 0 (5,584) 0 (5,584) 2019 Revenue before impact of disposals 162,498 75,988 1,724 240,211 Currency impact (11) (69) 0 (79) 2019 Revenue at 2020 exchange rate (b) 162
Slide 31: Recurring operating income and EBITDA IFRS 16 bridge
Recurring operating income and EBITDA IFRS 16 BRIDGE In € million H1 2020 IFRS 16 H1 2020 Reported Treatment Adjusted EBITDA 38.2 8.0 30.2 margin 16.2% - 12.8% D&A (31.9) (7.7) (24.3) RECURRING OPERATING INCOME 6.3 0.3 6.0 Margin 2.7% - 2.5% Other non-recurring operating income and expenses (6.2) -
Slide 32: Thank you for your attention
Thank you for your attention Jan Eryk Umiastowski Chief Investment Officer - Head of Investor Relations janeryk.umiastowski@cegedim.com Tel: 00 33 1 49 09 33 36 - Mob: 00 33 6 73 25 96 34 Design: Group Communication Service