Slide 1: Q1 2016 Revenue
Q1 2016 Revenue April 14, 2016
Slide 2: Q1 2016 Highlights
Q1 2016 HIGHLIGHTS Solid L/L(1) performance in line with expectations Acceleration in Europe & sustained growth in Latin America Europe Latin America Rest of the world +7.4% in issue volume 52% 44% 4% of total IV of total IV of total IV +5.2% in total revenue including: +5.8% in operating revenue
Slide 3: Q1 2016 Issue Volume: €4,284M
Q1 2016 ISSUE VOLUME: €4,284M +7.4% L/L growth, on a high basis of comparison in Latin America Q1 2015 IV €4,553m €338m L/L issue volume increase Solid Q1 16 growth, reflecting in Like-for-like +7.4% 10.0% 9.3% 8.7% particular: 8.4% 7.0% 7.4% improving momentum in Europe a high basis of compar
Slide 4: Europe Issue Volume: €2,219M
Q1 2016 EUROPE ISSUE VOLUME: €2,219M Up +6.9% L/L, reflecting continued acceleration in the region L/L growth Q1 France +4.2% Rest of Europe +8.4% Total Europe +6.9% France: positive momentum maintained Rest of Europe: strong performance across the Steady growth for Ticket Restaurant®, up +3.6% L/
Slide 5: Latin America Issue Volume: €1,872M
Q1 2016 LATIN AMERICA ISSUE VOLUME: €1,872M Sustained +7.5% L/L growth, despite tough basis of comparison L/L growth Q1 Brazil +5.3% Hispanic Latin America +11.1% Total Latin America +7.5% Brazil: performance driven by Expense Hispanic Latin America: sustained growth Management Strong growth for E
Slide 6: Total Revenue: €249M
Q1 2016 TOTAL REVENUE: €249M Up +5.2% L/L, and -5.2% as reported, reflecting currency impacts Q1 2015 Revenue €263m €14m L/L total revenue increase Q1 2016 L/L in €m growth Like-for-like +5.2% Operating revenue with IV 197 +5.8% Operating revenue without IV(3) 36 +6.6% Financial revenue 16 -3.1% S
Slide 7: Revenue Details
Q1 2016 REVENUE DETAILS Good performance in operating revenue with issue volume Operating revenue with IV: €197m Financial revenue: L/L growth €16m by region Q1 2016 L/L Q1 2016 L/L in €m growth in €m growth Latin America 83 +6.2% Latin America 7 +7.1% Europe 105 +5.1% Europe 7 -16.3% Rest of the wo
Slide 8: Conclusion
Conclusion
Slide 9: Conclusion
CONCLUSION A good performance (+7.4% L/L) in line with expectations, reflecting an acceleration of growth in L/L issue Europe and a high basis of comparison in Latin America volume Full-year 2016 growth expected to remain within the +8-14% historical medium-term target range, growth at the lower
Slide 10: Appendices
Appendices
Slide 11: Issue Volume
ISSUE VOLUME Q1 In € millions 2016 2015 France 767 735 Rest of Europe 1,452 1,346 Latin America 1,872 2,284 Rest of the world 193 188 Issue volume 4,284 4,553 Q1 Change Change In % reported L/L France 4.4% 4.2% Rest of Europe 7.9% 8.4% Latin America -18.0% 7.5% Rest of the world 2.7% 12.1% Issue vol
Slide 12: Operating Revenue with Issue Volume
OPERATING REVENUE WITH ISSUE VOLUME Q1 In € millions 2016 2015 France 32 31 Rest of Europe 73 68 Latin America 83 104 Rest of the world 9 10 Operating revenue with IV 197 213 Q1 Change Change In % reported L/L France 1.4% 1.9% Rest of Europe 6.3% 6.6% Latin America -20.1% 6.2% Rest of the world -2.2
Slide 13: Operating Revenue without Issue Volume
OPERATING REVENUE WITHOUT ISSUE VOLUME Q1 In € millions 2016 2015 France 13 6 Rest of Europe 10 11 Latin America 5 6 Rest of the world 8 8 Operating revenue without IV 36 31 Q1 Change Change In % reported L/L France 129.0% 4.4% Rest of Europe 0.7% 8.7% Latin America -23.6% 4.4% Rest of the world 3.2
Slide 14: Financial Revenue
FINANCIAL REVENUE Q1 In € millions 2016 2015 France 3 4 Rest of Europe 4 4 Latin America 7 10 Rest of the world 2 1 Financial revenue 16 19 Q1 Change Change In % reported L/L France -25.1% -25.1% Rest of Europe -9.8% -9.1% Latin America -19.4% 7.1% Rest of the world 2.5% 14.3% Financial revenue -17.
Slide 15: Total Revenue
TOTAL REVENUE Q1 In € millions 2016 2015 France 48 41 Rest of Europe 87 83 Latin America 95 120 Rest of the world 19 19 Total revenue 249 263 Q1 Change Change In % reported L/L France 16.7% -0.3% Rest of Europe 4.7% 6.0% Latin America -20.3% 6.2% Rest of the world 0.5% 8.0% Total revenue -5.2% 5.2%
Slide 16: Average Exchange Rates
AVERAGE EXCHANGE RATES 2016 vs. 2015 vs. 2015 vs. 2015 vs. 2015 vs. 2015 2014 2014 2014 2014 €1 = X foreign currency Q1 2016 Q1 2015 Q2 2015 Q3 2015 Q4 2015 FY 2015 Change Change Change Change Change (in % ) (in % ) (in % ) (in % ) (in % ) Bolivar Fuerte (VEF) 232.99 134.41 -42.3% 218.57 -68.8% 221.
Slide 17: 2016 Expected Calendar Effects
2016 EXPECTED CALENDAR EFFECTS Q1 Q2 Q3 Q4 2016 Nb of Nb of Nb of Nb of Nb of Working days % change % change % change % change % change days days days days days Europe 0 -0.4% 2 3.1% -1 -1.8% -1 -2.2% -1 -0.4% Latin America 0 -0.1% 1 1.9% -1 -1.0% 0 -0.1% 0 0.2% Rest of the world 1 0.9% 1 1.7% 0 -0.