INVESTOR PRESENTATION - Eurazeo€¦ · emerging markets Middle class in Asia Pacific x6 in 2009-2030, i.e. +2.7bn new people** Luxury & global brands Changing business & consumer

INVESTOR PRESENTATION

ACCELERATING TRANSFORMATION

June 2016

Eurazeo, a long term professional investor

2

ACTIVE PROFESSIONAL INVESTOR

A committed & hands-on investor

Crystallizing value through Asset rotation

130+ years existence

Investment cases built on a mid-long horizon

STRONG BALANCE SHEET

Permanent capital

No structural debt at Eurazeo level

Net cash position: c.€1bn as of December 2015

Limited leverage at portfolio companies’ level

EXPERIENCED TEAMS

34 Investment professionals

Stable & recognized investment teams

Long-term experience, deep industry

knowledge & sector specific

Incentivized on value creation

CSR

A strong CSR commitment embedded

in investment process and portfolio companies

management

Member of Ethibel Sustainability Index

Excellence Europe* (sole Private Equity company

in this index) & Euronext Vigeo Eurozone 120*

34 portfolio companies

> €5bn NAV


* Both are Vigeo indices

DIRECT INVESTMENT

CORPORATE TEAM SUPPORT

A major evolution to a leading diversified& international Private Equity company

3

HR

Financing, cash mgt & hedging

CSR / Digital Accounting (IFRS)

* Equity investments for Eurazeo stake** Opening in Summer 2016


Financial control

Internal audit

LegalCom. & IR

Risk management

>€75m-750m*

€15-75m*

€15-20m*

>€25m*

Mid to large companies

Growth investments with a resilient base

Small midcaps

French-based international buy&build

Growth equity

High growth minority investments

Real assets

Real asset opportunities in Western Europe

EURAZEODEVELOPMENT

INTERNATIONALPRESENCE

Support team

Support& Investment team**

SMC & debtAsset ManagementPLATFORMS

Sourcing, Syndication & Fund raising

A major transformation over the recent period

4

2012 2013 20142010 2011 2015 2016**

Number of companies

* Colyzeo & ANF Hôtels not included

** As of May 2016, with 1 in exclusive discussions

10

2

6

Sourcing

10

3

5

#

Shanghai office

8

4

7

Sao Paulo office

10

6

NEW

6

2*

Platforms

2

New York office

14

7

8

3*

2

8

3

8

1*

9

1


Eurazeo teams

5

Philippe Audouin*CFO

Virginie Morgon*Deputy CEO

Patrick Sayer*CEO

EXECUTIVE BOARD

Financial

control

Edward Portet

Communication

Sandra Cadiou

Investor

Relations

Caroline Cohen

Internal audit /

Risk mgt

Pierre-Alain

Aubin

CSR / Digital

Sophie Flak

Human

Resources

Ewa Brandt

Accounting (IFRS)

Bérengère

de Barmon

Financing / Cash mgt /

Hedging

Stéphane Bostyn

CORPORATE TEAM SUPPORT

INTERNATIONAL

China

Marcos GrassoManaging Director

Eddie ChenManagingDirector

Chao SunAnalyst

Frank GongSenior Advisor

Brazil

9

Olivier

Millet*

3

Yann-Hervé

Du Rusquec

13

Marc

Frappier*

3

Renaud

Haberkorn*

Eurazeo

Development

3

Frans

Tieleman*

DIRECT INVESTMENT

investment professionals#

* Member of the Executive Committee

Nicolas Huet*

General Secretary& Legal


Seeking growth through megatrends

6

MEGATRENDS KEY SECTORS INVESTMENTS(1)

Longevity/Health awareness

Longevity continues to increase

for advanced economies by 5

years every 20 years (70 yrs

in 1970 vs 80 yrs in 2010)*

Healthcare&

related services

GrowingMiddle Class in

emerging markets

Middle class in Asia Pacific x6

in 2009-2030,

i.e. +2.7bn new people**

Luxury&

global brands

Changing business& consumer patterns

New forms of commerce continue to transform how people access products & services. (The number of connected devices in OECD countries will be approx 14x larger in 2022 than in 2015).***

E-CommerceConsumer & Bus.

Services

Digital Economy & Big Data

Big data and intelligent automation allow unprecedented amounts of data to be analyzed, enabling the creation of new solutions that can fundamentally change organizations.

HealthcareTelecom

Bus. ServicesFIG

• Source: OECD & World Bank ** Source: OECD. The Middle class is defined as households with daily expenditures between USD10

and USD100 per person in purchasing power parity terms *** Source: OECD. OECD Digital Economy Outlook 2015.

• (1) Investments 2016YTD


Build-ups

Digital / Innovation

Corporate

governance

Management

International

Strategy

Organic

growth

Growth drivers supported by accelerating transformation of our portfolio companies

7

China & Brazil

Corporate Teams


Process optimization

reinforcement

Eurazeo has stepped up the momentum of asset rotation

8

1%

13%

30%

11%

25%

16%

5%

3%

13%

14%

2011 2012 2013 2014 2015

Investments

Exits

Net proceeds in 2015

€1,192m

Total investments in 2015

~€550m + €100m committed*

Asset Rotation in % of NAVn-1, since 2011

(*) €100m committed in Capzanine


2015: A record year for both investments and exits

Cash-on-cash multiple: a strong track record

9

0,0x

0,5x

1,0x

1,5x

2,0x

2,5x

3,0x

3,5x

4,0x

4,5x

5,0x

2016 YTD

1.7

Fraikin

Eutelsat

Terreal

Station

Casinos

B&B

2005

3.53.4

0.2

2.1

2.4

2013

Multiple

<€50m

€50–100m

€100–150m

>€150m

Investment size:

x

Sirti

Edenred

0.0

3.5

2.9

Flexitallic

Group (1)

APCOA

0.0

Mors Smitt (1)

ANF

Immobilier (2)

0.7

0.0

Intercos

3SP

2014

Rexel (3)

(1) At Eurazeo PME level(2) Sale of part of ANF Immobilier’s portfolio (Lyon)(3) On average over the entire investment: 4 disposals in June & August 2013 and April & Sept. 2014(4) Sale of part of Elis on February 2015, April 2016 and

May 2016 respectively

2015

1.8Gault &

Frémont (1)

2.0

Accor

3.3

Moncler

2.4

2.0

2.3 2.2

1.2

Elis (4)

1.4

Europcar

2.0

Cap Vert

Finance

IMV

Techno. (1)


Elis (4)

+14% average annual NAV growth (dividend not included)

10

40.3

46.7

61.162.8

2011 2012 2013 2014 2015

+14%

CAGR

68.9

NAV

as of Dec. 31*

In € per share

(*) Adjusted for bonus share allocations, including 2016 (i.e. based on 73,665,278 shares)

NAV/ share as of April 29, 2016**: €68.3

(**) With listed companies valued at their spot share prices


We are steadily increasing our dividend distribution

11

38 45 4557 63 63 64 67 74 76 75 79 80

29364

80

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014* 2015 2016

Special dividend

Ordinary dividend

ANF Immobilier shares

FY 2015 Dividend

€1.20 /share+ €1.20 special dividend

(*) Purchase and cancellation of 5.8% of total shares in 2013

Ordinary dividend CAGR: +6.4% over 12 years

DIVIDEND DISTRIBUTION in €m

Bonus share

1 for 20


We have delivered a solid return to shareholders

12

1,925

4,150

2,225

865

436

1076

2,377

June 30, 2002 May 19, 2016 Ordinary dividend Special dividend Share buyback Shareholder value,

May 19, 2016

Shareholders’ return

Increase in

market cap up to

May 19, 2016(1)

Market cap

1,925

6,527

Eurazeo outperformed the index over a long period of c.14 years(2):

Active share buyback policy

and regular dividend

distribution:

Eurazeo has returned to its shareholders

more than its initial market capitalization

since June 30, 2002

Share price: €55.79 (3)


Eurazeo NAV/Share growth:

(Including dividends)

In €m

TSR CAGR

Eurazeo +226% +9%

CAC 40 +74% +4%

SBF 120 +95% +5%

CAGR

Dec. 31st, 2011-April 29th, 2016 +15.3%

(1) Including capital increases. Source: Bloomberg

(2) Between July 1st, 2002 and May 19, 2016

(3) Adjusted for bonus share allocation in 2016

Historical performance of Total Shareholder Return

13

9% 9%9% 8%

4%

1%

3%

18%

13%

11%

33%

30%

13%

17%

5%

7%6% 5%

4%

2% 1%

9%

7%8%

14%

12%

7%

12%

2002*

2015

2002

2015

2003

2015

2004

2015

2005

2015

2006

2015

2007

2015

2008

2015

2009

2015

2010

2015

2011

2015

2012

2015

2013

2015

2014

2015

(*) As of July 1st, 2002

Source: Bloomberg

Eurazeo CAC 40

- =

+4.8 +2.6 +2.8 +2.8 +0.7 (0.8) +1.5 +8.2 +6.2 +3.1 +18.8 +17.5 +5.8 +4.8

2002-08 vs. 2009-15

CAGR for an investment in Eurazeo as of Dec. 31st, 20xx until Dec. 31st, 2015

Relative performance of Eurazeo vs. CAC 40

1%

18%

0%

9%

June2002

2008

2008

2015

+1.6 +8.2

Basic Points


From Dec. 31st:

To Dec. 31st:

A long-term shareholder base and a strong corporate governance

14

Crédit Agricole(2)

14.6%

Sofina

5.3%

Concert(1)

16.5%

Joliette Matériel

2.2%

(1) Concert as of December 31, 2015

(2) Including 8.0% of capital related to exchangeable bonds

(3) 3.8% of treasury shares

• Separation of the roles of Chairman and CEO

• Independence of the Supervisory Board: 8 independent members out of 13

• Audit Committee, Finance Committee, Compensation and Appointments Committee, CSR Committee

• Existence of a shareholder agreement between founding families (“Concert”, former SCHP)

SHAREHOLDING STRUCTURE

as of December 31, 2015(1)

A STRONG CORPORATE GOVERNANCE

Free float(3)

61.4%


INVESTOR PRESENTATION15

Eurazeo’s vision: CSR as a source of sustainable value creation

Eurazeo, a Responsible Shareholder

• Signatory of the UN PRI since 2011

• Signatory of the UN Global Compact since 2014

• Presence in Ethibel Sustainability Index (ESI) Excellence Europe (sole Private Equity company in

this index) & Euronext Vigeo Eurozone 120, both are Vigeo indices

• Prize for the Best Registration Document at the Grands Prix de la Transparence

• CSR Committee within the Supervisory Board

• Dedicated CSR department and operational internal CSR committee

In an increasingly complex and demanding environment, Eurazeo continues to develop its CSR commitment in keeping with a practical

approach focused on continuous improvement and extending well beyond the timeframe of the investment.

Integral part of Eurazeo’s responsible shareholder role, the implementation of a CSR approach helps bring out the potential of companies

to create value, while combining economic development, reduced environmental impacts, social progress and balanced governance.

Eurazeo’s CSR strategy and 2020 objectives

Breakdown of NAV

16

As of Dec. 31, 2015*

NAV

% of total

As of April 29, 2016**

(*) Split after tax

23%

39%

4%

6%

6%

20%

2%Unlisted

Others

Listed

Total NAV =

€5 074M

26%

33%4%

7%

7%

19%

4% Unlisted

Others

Treasury

EurazeoPATRIMOINE

Eurazeo PME

Eurazeo CROISSANCE

Listed

Total NAV =

€5 031M

EurazeoCAPITAL

(**) With listed companies valued at their spot share prices


Treasury

EurazeoCAPITAL

Eurazeo CROISSANCE

Eurazeo PME

EurazeoPATRIMOINE

Eurazeo: A diversified group of market leaders (1/3)

Short-term car rentals with a fleet of ca.200,000 vehicles

Rental and cleaning of textiles and hygiene services

Hotel manager: Accor operates in 92 countries with 160,000 employees 4.5%

42.4%

14.2%

#1 IN THE WORLD

#1 IN EUROPE

#1 IN EUROPE

Leading player in Tax Free Shopping & Dynamic Currency Conversion

90.0% #2 IN THE WORLD

17.3% Leader in the animal nutrition and health sectorFAST GROWING MARKET

(1) Minority positions in Banca Leonardo & Fraikin not included

(2) % of sales outside Europe

(3) InVivo NSA: based on FY2014/15 figures

(4) In exclusive discussions. Closing expected in H1 2017

Leading European board games and trading cards publisher & distributors (Closing on 21 January 2014)79.4%

FAST GROWING MARKET

9.8% FAST GROWING MARKET

High-growth clothing and accessories designer & distributor

49.9% Leader in property management in France #1 IN FRANCE

5,581 70%

30%

83%

73%

10%

10%

% International

2015 sales (€ m)

(1)

% Economic interest

(2)

13.0% Leading brand in luxury outerwear FAST GROWING LUXURY BRAND 84%

(2)

270

933

2,142

212

696

1,517

880

Pioneer in employer-sponsored nurseries #2 IN FRENCH NURSERY MARKET

144

Global leasers in the hospitality and services management education sector

#2 & #3 IN THE WORLD

1,415

CHF173100.0%

17

79%(3)


Leading global pharmaceutical and essential chemicals company

Leading positions in its target growing end-markets 634 -

-

-

-41.0%

A new group dedicated to more than 10 iconic European chocolate and confectionery brands from Mondelez International --

(4)

67%


French real estate investment company with downtown trophy assets in major French cities

49.7%LARGE OPERATOR IN LYON, BORDEAUX AND MARSEILLE

(1) Not included minority positions in The Flexitallic Group & Fondis(2) Based on FY2014 results(3) Our limited partner position in Colyzeo not included

(3)

49

%

International2015 sales (€ m)

% Economic interest

-

Leading ready-to-wear wholesale center in Europe LOCATED IN PARIS INNER RIM -

78.0%

Fourth-largest French group specialized in accommodation for the dependent elderly persons (medical senior nursing homes)64.1%

%

International

(1)

76.3% Global network of c. 1,900 franchised hair care and beauty salons

Belgian Brasserie theme-based restaurant chain59.7%

87.2%Leading player in the design, manufacture and distribution of sutures and other single-use sterilized surgical devices

77.1% European leader in signaling and lighting for industrial and commercial vehicles

264

40%

2015 sales (€ m)

% Economic interest

3%

0%

European leader in premium freight, specialized in urgent and critical shipment for automotive, industrial sectors and lab testing

42.9%

65

63

83

166

114

World leader in critical GPS applications

Grape

HospitalityA platform dedicated to the hotel business

PORTFOLIO OF 85 ACCORHOTELS HOTESL IN EUROPE

15

18

50.1% 99

77%

60%

50%

88%


(2)

-216

Complementary brands specializing in home linen 18654.0%


Major player in renewable energies

Hi-tech company specialized in high power electronics solutions

Leading peer-to-peer lending platform in Continental Europe

A pioneer in electric vehicle fast chargers

Leading marketplace of pre-owned fashion and luxury products

The leading provider of cloud-based human resources service delivery solutions

Europe’s first investment and development platform dedicated to the asset management industry

Independent investment company specialized in ‘capital and private debt’ financing to French SMEs and SMIs for development projects and transmission transactions.

PLATFORMS

19 INVESTOR PRESENTATION

OTHER

A private and independent investment bank founded in Milan.18.3%

% Economic interest

Online market place for luxury goods and beauty products

Documents

INVESTOR PRESENTATION - Eurazeo€¦ · emerging markets Middle class in Asia Pacific x6 in 2009-2030, i.e. +2.7bn new people** Luxury & global brands Changing business & consumer