Presentation

September 10, 2015

Summary

First half consolidated results

(January 1, 2015 – June 30, 2015

CONSOLIDATED DATA

SALESEconomic weight (100%) and consolidated data by activity

(in € millions) 1H 2014

(Jan 14 – June 14)

1H 2015

(Jan 15 – June 15)

Conso

1H 2014

Conso

1H 2015

Fitch 396.6 540.6+ 36.3 % as reported

+ 14.4 % like for like0.0 0.0

Barrière 295.3 301.5 + 2.1 % 0.0 0.0

Digital 26.5 45.8 26.5 45.8

Entertainment 98.3 89.9 21.1 32.9

Real Estate 4.5 6.8 4.5 6.8

Sales 821.1 984.6 + 19.9 % 52.1 85.5

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Economic weight 100%

Change

EBITDA Economic weight (100%) and consolidated data by activity

(in € millions) 1H 2014

(Jan 14 – June 14)

1H 2015

(Jan 15 – June 15)Change

Conso

1H 2014

Conso

1H 2015

Fitch 165.8 246.4+ 48.6 % as reported

+ 28.2 % like for like0.0 0.0

Barrière 59.6 62.4 + 4.7 % 0.0 0.0

Digital 2.4 2.9 2.4 2.9

Entertainment 13.0 3.1 2.6 - 0.7

Real Estate 3.3 6.6 3.3 6.6

Parent Company and

others- 4.7 - 6.0 - 4.7 - 6.0

EBITDA 239.4 315.4 + 31.7 % 3.6 2.8

Economic weight 100%

Page 5

Consolidated net earnings – simplified presentation

(in € millions)1H 2014

(Jan. 14 - June 14)

1H 2015(Jan. 15 - June 15)

Net result from fully consolidated companies - 5.1 1 570.5

Fitch Group profit for the period(50% in 2014 – 20 % in 2015)

42.3 25.0

Barrière profit for the period (40 %) 3.2 6.3

Profit of others associates 0.7 0.0

NET EARNINGS – Group share / Published 41.1 1 601.8

Total net impact of the sale of 30 % of Fitch Group - 1 560.9

NET EARNINGS - Group share / Restated(excluding sale of 30 % of FG)

40.9

Page 6

FITCH GROUP

Fitch GroupSales by segment

(in € millions) 1H 2014(Jan. 14 - June 14)

1H 2015(Jan. 15 - June 15)

Change

reported

Change

like for like

Fitch Ratings (ratings):

Corporate Finance 173.0 225.6 30.4 % 12.3 %

Structured Finance 76.0 108.5 42.8 % 21.7%

Public Finance 28.0 42.8 52.9 % 28.9 %

Others (***) 14.9 18.5 24.2 % 5.5 %

291.9 395.4 35.5 % 16.0 %

Fitch Solutions (research, subscriptions)

61.1 82.5 35.0 % 13.1 %

Fitch Learning (specialized training)

18.2 22.3 21.4 % 4.9 %

BMI(sectorial and country analyses)

10.4 20.6 NC (*) NC (*)

Others (**) 15.0 19.8 32.0 % 12.7 %

SALES

FITCH GROUP396.6 540.6 36.3 % 14.4 %

(*) BMI (Business Monitor International) was acquired mid-March(**) « Non-ratings » activity of Korea Ratings(***) Mainly Korea and India Page 8

Fitch GroupSales by region

(in € millions) 1H 2014(Jan. 14 - June 14)

1H 2015(Jan. 15 - June 15)

Change

reported

Change

like for like

North America 146.0 235.9 61.6 % 31.8 %

EMEA

(Europe, Middle East, Africa)162.9 198.2 21.7 % 4.1 %

Asia Pacific 58.0 75.6 30.3 % 10.7 %

Latin America 29.7 30.9 4.0 % - 7.6 %

SALES - FITCH GROUP 396.6 540.6 36.3 % 14.4 %

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Fitch Group - EBITDA (*)

(*) EBITDA : Recurring Operating Income + Depreciation, amortization and provisions

(in € millions). 1H 2014(Jan. 14 - June 14)

1H 2015(Jan. 15 - June 15)

Change

EBITDA reported 165.8 246.4 48.6 %

Currency translation impact and change

in perimeter- 33.8

EBITDA like-for-like 165.8 212.6 28.2 %

EBITDA / Sales margin reported 41.8 % 45.6 %

EBITDA / Sales margin like-for-like 41.8 % 46.9 %

Page 10

BARRIERE

39 casinos (*)

Including 35 in France, 3

in Switzerland and 1 in

Egypt

15 luxury hotels

Including 14 in France

and 1 in Morocco

Almost 130 restaurants and

bars

(*) The casinos located in Cap d’Agde and Megève have joinedthe group during the first half of FY14

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(in € millions) 1H 2014(Nov 13 –April 14)

1H 2015(Nov 14 –April 15)

Change

Summary income statement

Revenue (before gambling taxes) 497.9 505.9 + 1.6 %

Revenue (after gambling taxes) 295.3 301.5 + 2.1 %

EBITDA 59.6 62.4 + 4.7 %

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ENTERTAINMENT

Fimalac

Fimalac Développement

100 %

Vega

Ellipse/Carilis

Gilbert CoullierProductions

AuguriProductions

100 %

40 %

40 %

K-WetProductions

40 %

Simplified Group structure – Entertainment

Trois S

100%

100 %

AP2S

Kyro

100 %

50 %

Encore Productions

40 %

Debjam / Comedy Club

50 %

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Pôle Nord100 %

Miala50 %

Venue and aquatic facility managementShow Productions Services and ticketing

(in € millions) 1H 2014(Jan. 14 - June 14)

1H 2015(Jan. 15 - June 15)

Show Production 79.3 56.4

Entertainment and sports venues 18.2 28.0

Ticketing 0.0 4.8

Services 0.8 0.7

TOTAL SALES 98.3 89.9

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Page 17

(in € millions) 1H 2014(Jan. 14 - June 14)

1H 2015(Jan. 15 - June 15)

Show Production 10.2 1.9

Entertainment and sports venues 2.6 0.8

Ticketing 0.0 1.2

Services 0.2 - 0.8

TOTAL EBITDA 13.0 3.1

DIGITAL

(in € millions)1H 2014

(Jan. 14 - June 14)

1H 2015(Jan. 15 - June 15)

SALES 26.5 45.8

EBITDA 2.4 2.9