Slide 1: LiveRamp / Publicis Groupe
/LiveRamp PUBLICIS GROUPE 18 May 2026
Slide 2: Forward-looking statement
Forward-looking statement This communication contains forward-looking statements within the meaning of, and subject to the protections of, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, concerning Publicis, LiveRamp, the pro
Slide 3: Executive Summary
Executive Summary • Publicis to acquire LiveRamp, a global data collaboration platform, for an enterprise value of $2.2B in an all-cash deal • This acquisition will allow Publicis to: • become a leader in a new high growth segment: data co-creation to fuel AI • Strengthen its ability to deliver agen
Slide 4: Overview of LiveRamp, Transaction Details, Strategic Rationale
4 01 / OVERVIEW OF LIVERAMP 02 / TRANSACTION DETAILS 03 / STRATEGIC RATIONALE 04 / 3 KEY QUESTIONS TODAY: 4
Slide 5: Overview of LiveRamp
5 01 / OVERVIEW OF LIVERAMP
Slide 6: LiveRamp is a data collaboration platform for the agentic era
LiveRamp is a data collaboration platform for the agentic era, enabling companies to unify, manage, and activate data across the entire digital ecosystem K E Y F I N A N C I A L S F Y 2 6 N E T R E V E N U E $813m 13% 5-year CAGR vs. 3.6% in 2021 expansion within existing base F Y 2 6 N O N - G A A
Slide 7: Transaction Details
7 02 / TRANSACTION DETAILS
Slide 8: Transaction highlights
1 Based on Emerald calendarized 2026 consensus non GAAP EBITDA of $123 million, including share based compensation of $80m to align with Publicis’ accounting policy, excluding transaction costs and including $50 million run-rate cost improvements and synergies 2 Headline EPS on a fully diluted basis
Slide 9: Acquisition financing and financial policy
100% cash transaction, fully financed with cash on hand and debt Anticipate issuing new bonds in H2 2026 Resulting in maximum net financial leverage of 1.2x in 20271 Expecting to maintain current BBB+ / Baa1 ratings 1 Assuming closing of the transaction in Q4 2026 Acquisition financing and financial
Slide 10: Accretive to headline EPS
1 Source: Publicis’ internal consensus based on analyst coverage 2 Based on consensus full year calendarized results, including share-based compensation costs Data per share, euro €8.07 Combined proforma 2026 headline EPS LiveRamp operating margin2 after tax €7.84 +0.31 Run-rate savings, after tax P
Slide 11: Strong track record in accelerating growth of our acquisitions
THROUGH THE POWER OF ONE • Epsilon delivered double digit growth each year over 2021-2024 vs. single digit growth expected at time of the acquisition • Bolt on acquisitions in the past 2 years have delivered circa 20% per annum organic growth, above their standalone business plan BY PRESERVING FULL
Slide 12: Significant cost improvement opportunities
Targeting > $50 million1 on a run-rate basis • LiveRamp standalone continued margin improvement efforts (“Rule of 40”) • Elimination of public company costs • Integration into Publicis Groupe shared service centers backbone • Synergies from combining procurement efforts including IT, hosting, and re
Slide 13: Outlook and capital allocation
Confirming 2026 guidance Raising 2027-2028 objectives Capital allocation +7% to +8% annual Net revenue growth at constant currency vs. +6% to +7% +8% to +10% annual Headline EPS growth at constant currency vs. +7% to +9% 45% to 50% of FCF in cash dividend, with a floor of €3.75 per share3 Share buyb
Slide 14: Next steps
Scott Howe to remain CEO of LiveRamp, reporting to Arthur Sadoun Approval of LiveRamp shareholders Regulatory approvals Expected closing by year end 2026 For external reporting purposes, LiveRamp to be mapped as part of our technology pillar post closing Next steps 14
Slide 15: Strategic Rationale
15 03 / STRATEGIC RATIONALE
Slide 16: Data Co-Creation
The process by which companies connect multiple high value data sources across partners in a secure environment – generating new data assets that the companies could not build alone. B u s i n e s s D a t a P a r t n e r D a t a M o r e I n t e l l i g e n t A g e n t s A I C o m p e t i t i v e = =
Slide 17: The AI Paradox: Massive Investment, Minimal Returns
1: IDC 2: Gartner B I G B E T Global AI Infrastructure Spend1 L O W R E T U R N 5% of AI projects capture meaningful value 2 $153B ~$1T 2024 2029E $318B 2025 $487B 2026 T H E $ 1 T P R O B L E M C R E A T I N G A G E N E R A T I O N A L O P P O R T U N I T Y The AI Paradox: Massive Investment, Minim
Slide 18: It's not the AI models that are the problem — it's the data foundation
It's not the AI models that are the problem — it's the data foundation. — M I T N A N D A , 2 0 2 5 of organizations don’t have the right data to support AI 1 1: Harvard Business Review Analytics Services 93% P R O B L E M · 0 1 Legacy Enterprise Data Built for reporting, not real-time decisioning F
Slide 19: Collaborate with Greater Speed, Security & Scale
Collaborate with Greater Speed, Security & Scale Unify fragmented internal and partner data, enabling seamless collaboration without exposing sensitive underlying data. WEALTH MANAGEMENT LIFECYCLE AGENT Retail Bank Credit Wealth Mgmt ✓ Faster cross-sell ✓ Sharper fraud detection ✓ Higher customer LT
Slide 20: Together, an end-to-end platform for agentic business transformation
B U I L D TECH & DATA INFRASTRUCTURE Modernize legacy systems into scalable, cloud-based, AI-ready architectures. C O N N E C T IDENTITY RESOLUTION Resolve data to real people, behaviors, & transactions with deterministic certainty A C T I V A T E AGENTIC PLATOFRM Activate intelligent agents that au
Slide 21: Publicis Groupe's Architecture for Agentic Transformation
M R C L CONNECTED AGENTS DATA CO-CREATION CLIENT DATA WALLED GARDENS RETAILERS PUBLISHERS 3P DATA DATA COLLABORATION IDENTITY RESOLUTION TECHNOLOGY AND DATA INFRASTRUCTURE E N T E R P R I S E A G E N T S PRICING M E D I A COMMERCE PRODUCT DEVELOPMENT C R E A T I V E P R O D U C T I O N C R M MARKET
Slide 22: Key Questions
22 04 / 3 KEY QUESTIONS
Slide 23: Epsilon and LiveRamp: complementary models
M A R K E T I N G A C T I V A T I O N E N G I N E D A T A C O L L A B O R A T I O N P L A T F O R M D A T A DATA OWNER Organizes deterministic consumer and transaction data to power personalization and direct activation DATA CONNECTOR Connects and enables secure collaboration across fragmented enter
Slide 24: LiveRamp independence charter
LiveRamp will not prohibit or restrict access to its services for any current or potential customer and will remain fully interoperable. LiveRamp will not engage in pricing changes to its services beyond standard business practices. LiveRamp will not use or share any client, publisher, or partner da
Slide 25: New addressable market and deeper collaboration
25 In 2019, Epsilon was acquired to scale personalization and enable our clients to take back control of their data from the walled gardens. With LiveRamp, we look to build the future of co-creation to power our clients with the best data and on top of the LLMs. This helps our clients grow while unl
Slide 26: Q&A
/LiveRamp PUBLICIS GROUPE Q&A
Slide 27: Key takeaways
Key takeaways... 27 • Continued investment in new talents and capabilities at a moment when clients need them the most in an AI world • LiveRamp to continue to thrive as a neutral and inter-operable platform while fitting perfectly into our proven growth model • A new addressable market for Publicis
Slide 28: Merci !
/LiveRamp PUBLICIS GROUPE Merci !
Slide 29: Definitions
29 Net revenue : Revenue less pass -through costs which comprise amount paid to external suppliers engaged to perform a project and charged directly to clients . These costs are mainly production and media costs, and out of pocket expenses . Organic growth on net revenue : Change in net revenue excl
Slide 30: Contact
30 Press Amy Hadfield, Director of Global Communications | Email . amy .hadfield@publicisgroupe .com Investor Relations Jean -Michel Bonamy, Deputy CFO - Investor Relations | Email . jean -michel .bonamy@publicisgroupe .com Carla Foucaud | Email . carla .foucaud@publicisgroupe .com Download the Publ