MidcapEventsUK

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Presentation Midcap Events 19 & 20 September 2005

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Our Business: ONLINE MULTIMEDIA To create, deliver & promote online contents for the mass market To host & manage corporate online services

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History Activities BtoC + BtoBtoC business 5 BtoB business 14 Market & Strategy 20 Financial Results 23 Conclusion 33

History: 

History Founded in 1989 Listed on Euronext Paris since 1996 Around 600 people Offices in France, Spain, Italy, Morocco & Canada Lyon Paris Toulouse Hold to 57% by Grenoble Chambéry Madrid Milan Casablanca Montreal

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History Activities BtoC + BtoBtoC business BtoB business Market & Strategy Financial Results Conclusion

BtoC + BtoBtoC Business: 

BtoC + BtoBtoC Business

Mediaplazza : Mobile Content: 

Mediaplazza : Mobile Content Mediaplazza is the largest affiliation platform for mobile content in the world : 35,000+ affiliates (Internet web sites, medias, webmasters etc) have already joined our affiliation program in 50 countries Sonnerie.net network of affiliated web sites entered this year the Top300 of worldwide Internet audience (*) more than 60 million unique visitors / month more than 90 million viewed pages / day Business model is based on « revenue sharing » with various payment systems: Audiotex Premium SMS A delivery platform interconnected with 130 telcos (*) source Alexa Credit Card Prepaid Card ISP Billing

Mediaplazza : Mobile Content: 

Mediaplazza : Mobile Content Largest mobile content database in the world, with a catalog of 80,000+ items: ring tones (mono, polyphonic & MP3), logos (B&W, color) voice mail messages, Java games…

Mediafusion: 

Mediafusion 2005: Acquisition of the leading online service provider in Spain, for voice & mobile services on BtoC & BtoB markets High-capacity multi-channel online server with Mobility: SMS, MMS, WAP value-added services for content providers & publishers (vote, chat, games, promotion, news, …) mobile personalization with in-house & third-party content (logos, ring tones, pictures, games…) Wireline telephony: 80x et 902 Audiotex BtoB: value-added services for companies (customer service, helpdesk, virtual call center…) BtoC: entertainment voice services SMS Marketing: advertising & promotion campaigns 100+ people in Madrid

Business Case: 

Business Case i-mode services: content (customization, lottery results…) games, event-driven services … Voice portal on the 3214 short number SMS Games: 30+ event-driven games per year Premium SMS services on 31234, 51234 & 71234 short codes SMS -> voice platform hosting Content providing for Orange World & the voice portal Content providing for Vodafone Live! & the voice portal

Business Case: 

Business Case Interactive voice services based on TV programs & real TV with news, games, voting: “Ferme des Célébrités”, “Star Academy”, “Nice People”, “Who wants to be a millionaire”, “Miss France”... Voice Portal using speech recognition on a short number: 3280 Summer 2005 : hosting of the Internet / Web platform for all the TF1 group web sites managed by

Business Case : WAP / i-mode services: 

Business Case : WAP / i-mode services

Jet Media : Advertising Agency: 

Jet Media : Advertising Agency An agency selling ad-space to promote online services Audiotex number Premium SMS short code Minitel service Focused on classified ads press groups, with 400 titles : Paru-Vendu, SPIR Communication… weekly magazines TV press : Télé 2 Semaines, Télé Grandes Chaînes, TV Magazine, Télé Poche, Télé Star… women’s press : Voici, Maxi, Nous Deux, Mon Jardin-Ma Maison...

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History Activities BtoC + BtoBtoC business BtoB business Market & Strategy Financial Results Conclusion

BtoB Business: 

BtoB Business Our business: multichannel value-added hosting for online services combining Internet, Wireline, Mobile Phone, Minitel in addition to telco offers Our market: the demand from large companies & administrations is for transactional & complex applications: CRM, e-business, online administration... ... Two value offers: hosting & managed services application service provider (ASP) Our partners: solutions fitting the needs of our customers, designed in partnership with reknown hardware & software vendors

Hosting + Business Solutions: 

Hosting + Business Solutions From ”Value-added Hosting” to “Managed Services” Jet Multimédia has developed expertise on the hosting of multi-channel online services From being a Minitel + Audiotel hosting center, Jet Multimédia is now a major player for Internet ans Mobile services Our expertise allows us to host in our Data Centers most complex platforms, including those of Media companies, demanding the most recent technologies Working for large companies and administrations has allowed Jet Multimédia to acquire reknown competences in integration and maintenance of hosted platforms with the highest level of quality of service Today, more and more companies give us the outsourcing of IS infrastructures with managed services contracts Ths approach is directly complementary among that of

Hosting + Business Solutions: 

Hosting + Business Solutions Application platforms to deliver multi-channel business solutions Jet Multimédia datacenters are directly connected to fixed and mobile telecom backbones, in France and outside of France. This infrastructure is hosting application platforms providing value added to the networks by offering multi-channel solutions : Internet, Fixed & Mobile telephony Jet Multimédia has developed a wide range of business solutions answering the needs of companies and administrations, especially for communication (e-mail, collaborative teamwork…), customer relationship management (voice portal, multi-channel virtual contact center…), interactive marketing (SMS, SMS+, MMS, i-mode, WAP, e-mailing…) and online payments (Audio+, SMS+, Internet+, credit card…)

Business Case: 

Business Case “Plate-Formes de Services” nationwide IVR+ACD+CTI server to collect & route the phone calls thru a "global virtual call center" 95% deployed - more than 3 million calls per month Contact Centers for management of incoming phone calls and e-mails smart routing

Business Case: 

Business Case "Contacteur Hyperphone" system to automatically link recruitment agencies to people seeking jobs when a job mission meets people's profile, the server automatically issues a call by phone / SMS / e-mail / fax more than 1 million contacts monthly, 90% successful within less than one hour system deployed in France and Benelux Hosting of Internet portals & event-driven web sites fully redundant servers with firewalling & load balancing capabilities, e-mail platform, audio & video streaming millions of visits per month

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History Activities BtoC + BtoBtoC business BtoB business Market Financial Results Conclusion

Online multimedia: 

Online multimedia 2005, market for online services : Worldwide 900 millions Internet users 1400 millions mobile users France 50 millions wireline users 45 millions mobile users 24 millions Internet users 15 millions Minitel (sources ART, France Telecom, Mediamétrie, iData)

Mobile services: 

Mobile services 2005-2010: explosion of mobile services 64% of French teenagers have already downloaded a ringtone (source Médiamétrie ) in France, 10 million mobiles are using WAP, i-mode, MMS or e-mail multimedia services - 25% of the total customer base (source ART ) Mobile contents could reach 45 bn€ by 2009 (source Juniper Research) Mobile Java services could reach 15 bn$ by 2008 (source ARC Group) Java games market could be 1 bn$ by 2005 and 6 bn$ by 2010 (source ScreenDigest) Mobile TV could reach 52 millions people and 6.7 bn$ by 2009 (source Strategy Analytics )

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History Activities BtoC + BtoBtoC business BtoB business Market & Strategy Financial Results Conclusion

2004 : Revenue Growth: 

Consolidated 2004 revenue: E 144.2 Mln Cumulated 2004 revenue: E 200 Mln approx. (after Mediafusion acquisition in January 2005) 2004 : Revenue Growth Consolidated Revenue +20% E Mln

2004-2005 : Business breakdown: 

2004-2005 : Business breakdown

2004-2005 : Business breakdown: 

2004-2005 : Business breakdown Breakdown by Technologies for Multimedia Hosting

2005 : Growth driven by Mobile: 

2005 : Growth driven by Mobile H1 2005 revenue (IFRS): E 112.4 Mln +41% Evolution: "Multimédia Hosting" +45% E 100.7 Mln Mobile services: from E 4.3 mln to E 28.2 Mln Telephony Services: +25% Internet & E-business: +18% Minitel : -34% " Advertising & Communication " + 14% E 11.7 Mln

Simplified P & L: 

Simplified P & L Million of euros 2004 2003 2002 Turnover 144.2 120.0 108.5 Operating income 6.0 4.9 -3.5 Operating + financial income 7.0 6.2 -1.2 Net income 8.3 7.5 1.8 before goodwill amortization Net income 6.1 5.8 0.1

Simplified balance sheet: 

Simplified balance sheet ASSETS 000 euros 2004 2003 2002 Fixed assets 22 568 17 331 20 328 Current assets 51 453 47 328 41 958 Deferred charges 9 774 8 147 6 322 Cash 41 051 33 757 69 105 LIABILITIES Stockholder’s equity 70 527 59 422 92 570 Prov. / liabilities & charges 2 051 2 544 3 227 Current liabilities 44 781 41 768 37 606 Other debts 7 487 (*) 2 829 4 310 TOTAL 124 846 106 563 137 713 (*) including E 2.8 Mln for Mediaplazza acquisition earn-out

Stock Chart: 

Stock Chart Mediafusion Acquisition Listed on Eurolist C

Shareholders: 

Shareholders Free Float Capital : 9 219 311 shares Market Cap : E 190 Mln (approx.)

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History Activities BtoC + BtoBtoC business BtoB business Market & Strategy Financial Results Conclusion

Conclusion: 

Conclusion IN 2005, THE EUROPEAN LEADER FOR MULTIMEDIA ONLINE SERVICES A unique global player, making more than E 200 Mln annual sales More focused on mass market and mobile business More international, with more than 1/3 of the business outside of France More profitable, accelerated growth, with cash and a free credit-worthiness: To be a player of the sector consolidation in Europe

Strategy for 2005-2007: 

Strategy for 2005-2007 To boost the growth and to improve the profitability by being more focused on BtoC mass market and mobile services To be a key player in Europe for providing, aggregating, delivering & promoting multimedia online services for the mass market To develop worldwide, taking advantage of huge growth in America and Asia