Digital Media Solutions for Global Advertisers

Digital media solutions for global advertisers o Reworld Media (ALREW PA) is a unique digital media group expert at revitalizing media brands and applying technologies to the fast moving ad-tech market

 ENTREPRENEURIAL CULTURE: Successful acquisitions in the media sector: magazines from Axel Springer, Lagardere; controlling stake (30%) in TradeDoubler  TURNAROUND EXPERTISE: Adjusting costs, culture and business model to digital

 DIGITAL AUDIENCE GROWTH: Strong brands strategy. Audience x3 since 2015.

 MONETISATION: Advertiser-centric strategy, comprehensive offer to global clients

 TECHNOLOGY: Full ownership of cutting edge technology in Europe

 INTERNATIONAL GROWTH: Large international footprint to service global advertisers (50% of the revenue)  BRAND-PERFORMANCE SYNERGIES – Reworld Media is unique in the market with a fully integrated offer: Competitive advantage through superior data on internet consumer behaviour.

EXECUTIVE SUMMARY REWORLD MEDIA AT A GLANCE MEDIA BRANDING MEDIA PERFORMANCE 2  STRONG REVENUE BASE - Consolidated pro forma sales: €200m in 2016, fully consolidating TradeDoubler. €52m of digital revenue already achieved in 1H16.  PROFITABILITY BOOST expected in 2017 driven by shift to digital and self-help. Sharp increase in new business’ gross margin. Higher structural margin.  GROWTH FOCUS – Leaner business ready for digital growth following 2 years of asset restructuring (2014-16). Digital revenues in Branding: +15% in 1H16 YoY.  SOLID BALANCE SHEET – No debt leverage / Consolidated equity : €16.6m

Consolidated revenue Media performance  STRONG GROWTH IN H1 2016 RESULTS Media branding digital €47,1M • BRANDING: Print Strong EBITDA increase to €1.1M €3,5M (€0.5m in 1H15) €4,8M

• PERFORMANCE: €26,6M €25,4M Turned EBITDA positive in 3Q16

S1 - 2015 S1 - 2016

EXECUTIVE SUMMARY REWORLD MEDIA AT A GLANCE MEDIA BRANDING MEDIA PERFORMANCE Reworld Media Share Price (€) o Share Price: €1.12 - November 25th, 2016 1,5 o Listed on Alternext since 16/06/14 o ISIN : FR 001082027 1,25 o MNEMO : ALREW o TICKER Bloomberg : ALREW FP 1

0,75 o Shareholders : 0,5 Public Dec-14 Mar-15 Jun-15 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Founders 20% 30%

At 25th November 2016

Market cap. €35m Highest (since 1-01-16) €1.42 Lowest (since 1-01-16) €0.78 Investors 50% Average volume since 1-01-16 19285 shares Average volume 2015 11615 shares

EXECUTIVE SUMMARY REWORLD MEDIA AT A GLANCE MEDIA BRANDING MEDIA PERFORMANCE 4 • Former chairman at Netbooster • Former CEO of La Tribune, (Alternext Paris ALNBT) • Head of Projects at NextRadio • Former Director of Prosodie (now Cap TV, and notably secured the Gemini) in London, Chairman of CPI purchase of La Tribune from Venture. LVMH. • Board member of: Nextedia, Lead • Former Development Director Media Group, Mobile Network Group, at Axel Springer France (2006) 50 partners, Sportever, Tradedoubler • Former Media Sector Director Pascal Chevalier Gautier Normand at Deloitte (2001). Co-founder & Chairman Co-founder & CEO • Board member of: Tradedoubler, Sportever

Reworld Media Group 100% 30%

Reworld Media TradeDoubler Controlling stake with 3 seats Branding activities on the board

EXECUTIVE SUMMARY REWORLD MEDIA AT A GLANCE MEDIA BRANDING MEDIA PERFORMANCE 5 Acquisition of established magazine brands and Digital Marketing Performance cross-over e-commerce extension with Tradedoubler

2012 Acquisition by 2015 Acquisition from Lagardère consortium led by Reworld Media takes a Group of Be, Auto Moto, Pascal Chevalier & 19% stake in Maison & Travaux, etc. Gautier Normand Tradedoubler - Raised to controlling Acquisition from Axel 30% in 2016 Springer of Télé Magazine, (3 Board seats) Gourmand, Vie Pratique, etc Acquisition from Solocal of Zoom On

Acquisition from Marie Claire Group of Marie France Merger with Emailing network

2012-2015 2015-2016 onwards

EXECUTIVE SUMMARY REWORLD MEDIA AT A GLANCE MEDIA BRANDING MEDIA PERFORMANCE 6 • 12 magazine brands • Digital marketing partner for • 3 clusters: Women, Lifestyle, o 2000+ advertisers Entertainment o 180,000 publishers • €60m revenue in 2015 • Leading technology solutions • 69 countries • €174m revenue in 2015

EXECUTIVE SUMMARY REWORLD MEDIA AT A GLANCE MEDIA BRANDING MEDIA PERFORMANCE 7 Unique combination of knowhow for digital advertisers

Increase visibility Increase sales Build up brand Strengthen distribution • Print & digital activities • Big Data on Leads • Diversification • Affiliation & retargeting technologies • Strong ROI for advertisers

EXECUTIVE SUMMARY REWORLD MEDIA AT A GLANCE MEDIA BRANDING MEDIA PERFORMANCE 8 Reworld Media is addressing 60% of a €22bn advertising market*

Search (Google)

20% 14% 26% 40%

Branding Affiliate Display (targeting & retargeting)

BRANDING PERFORMANCE MARKETING Main Objective Visibility, brand construction ROI : Audience, leads, sales

KPI Public exposure, memorisation Page views, CAC Monetisation Audience New lead, average spending per customer Purchase method CPM - CPC Optimized CPC & CPM, CPA (CPL & CPS)

*Source: eMarketer Western Europe Digital Ad Spending - March 2015; Tradedoubler estimates.

EXECUTIVE SUMMARY REWORLD MEDIA AT A GLANCE MEDIA BRANDING MEDIA PERFORMANCE 9 Revenue Leading publishing & industrial Comprehensive synergies marketing performance Profitable print services - tools magazines Balanced IP portfolio Web traffic monetisation Acquisitions of media Reactivity brands to technological change Digital transition

Turnaround of Efficient build up underperforming assets strategy ENTREPRENEURIAL CULTURE

EXECUTIVE SUMMARY REWORLD MEDIA AT A GLANCE MEDIA BRANDING MEDIA PERFORMANCE 10 o : : Ongoing developments • New technologies for increased market coverage from affiliation only to display and retargeting • Strategic partnerships & acquisitions (video & mobile) • New international subsidiaries asserting global market presence (focus on Asia) Objective: operational profitability by end 2016 – Already delivered in Q3 2016 o : Profitable path to increased footprint • Increased overall profitability • New digital revenue streams: events, custom publishing • Sustained investment in video content and monetisation • Stronger position in South-East Asia o Intelligence watch of external growth opportunities • Brand diversification • Digital and event management targets - France and international

EXECUTIVE SUMMARY REWORLD MEDIA AT A GLANCE MEDIA BRANDING MEDIA PERFORMANCE 11 Established brands generating qualified traffic, with focus on digital redeployment and international development

• Massive audience progression since takeover Women (x7) • International redeployment with focus on Asia: Be and Marie France: 1st in Singapour

• 2nd most significant audience progression in Lifestyle the field (+40%) • Increased brand awareness

• Auto Moto: Audience x4.5 last year Entertainment • Leading brands in their respective fields

EXECUTIVE SUMMARY REWORLD MEDIA AT A GLANCE MEDIA BRANDING MEDIA PERFORMANCE 12 WEBSITES News Letters 13M visits 15M subscribers

MOBILE 85 millions 6M visits PRINT Monthlycontacts 12M readers

VIDEOS TRADE 6000 videos 20 millions de people 7 000 points sales point 20M views

EXECUTIVE SUMMARY REWORLD MEDIA AT A GLANCE MEDIA BRANDING MEDIA PERFORMANCE 13 Readership/Audience 2 3 Neglect factor: perceived Reworld Media’ brand rejuvenation readership peak by historic process via: magazine groups - Digitalisation - New products - New revenue streams 1

The magazine launch trap: new magazine launches by major media groups to sustain organic revenue growth

Acquisition by REWORLD MEDIA Time

EXECUTIVE SUMMARY REWORLD MEDIA AT A GLANCE MEDIA BRANDING MEDIA PERFORMANCE 14 Acquisition from Lagardère Successful Brand Refocus and Digital Turnaround #2 digital Media Automotive Print-only Website makeover brand in France Traffic x4.5 in the last 12 months

New magazine formula

• Print magazine business only - NO €3M Cost-cutting From loss to profit in 18 months digital footprint

• NO digital monetisation Event Auto Moto Awards organisation

EXECUTIVE SUMMARY REWORLD MEDIA AT A GLANCE MEDIA BRANDING MEDIA PERFORMANCE 15 Acquisition from Marie Claire Group Successful Brand Refocus and Digital Turnaround

#1 audience in Singapore Print-only Website makeover (Women media, June 2016) Best feminine Media New magazine Digital in Asia-Pacific formula

Newsletter & social • Symbolic acquisition network build-up price (1€) • No brand digital monetisation Asian market • Poor recognition expansion outside France

Event organisation, Pop- up store concept

EXECUTIVE SUMMARY REWORLD MEDIA AT A GLANCE MEDIA BRANDING MEDIA PERFORMANCE 16 Leading partner of advertisers’ marketing departments

41 2,000+ 180,000 MILLIONS 174 M€

Advertiser customers Affiliated websites Triggered Revenue* sales*

PRODUCT OFFERING Target existing and new TD ENGAGE uses behavioural data to target customers with relevant advertising that customers: Retargeting delivers the results our clients want

TD CONVERT enables advertisers to access More sales or leads international publisher network to deliver incremental sales and leads

Manage your digital TD CONNECT is a white-label partner marketing activity in-house management platform allowing clients to manage their digital marketing in-house

* Data for 31-12-15

EXECUTIVE SUMMARY REWORLD MEDIA AT A GLANCE MEDIA BRANDING MEDIA PERFORMANCE 17 o 1H16 Revenue Breakdown : 33% UK, 22% France, 21% Nordic, 13% Germany, 11% Italy and Spain o 11 international sites in 10 countries (Germany, UK, France, Spain, Italy, Holland, Singapore, Sweden, Switzerland, Brazil) and a network of 69 countries

EXECUTIVE SUMMARY REWORLD MEDIA AT A GLANCE MEDIA BRANDING MEDIA PERFORMANCE 18 EXECUTIVE SUMMARY REWORLD MEDIA AT A GLANCE MEDIA BRANDING MEDIA PERFORMANCE 19 APPENDIX 1H16 Results o Strong revenue growth thanks to: • Organic digital sales increase • Tradedoubler consolidation starting from the 1st of March 2016

Consolidated sales (M€) 77,3M€ x 2,5

Tradedoubler "Media performance" 47,1M€ Historic perimeter "Media Branding" 30,1M€

30,2M€

S1 - 2015 S1 - 2016 21 Stable revenues at €30.2m BUT Media Branding Turnover evolution (€m) o 37% turnover increase from 30,1€M 30,2€M digital* in Media Branding • Exclusively organic growth 3,5€M 4,8€M • Succesful diversification strategy of Media brands • Efficient monetisation of fast- growing audiences

26,6€M o Small turnover decline of 25,4€M Branding Print, in line with S1 - 2015 S1 - 2016 market trend Turnover "Branding Digital" Turnover "Branding Print"

* Digital turnover and diversification 22 Consolidated revenue Consolidated revenue breakdown (30/06/2016) Media branding print Media branding digital Media performance

Media performance 32,9%

47,1€M Media branding 51,9€M 60,9% digital

Print 6,2% 3,5€M 4,8€M

€26,6M €25,4M « Media Performance » + S1 - 2015 S1 - 2016 « Media Branding Digital » = €52m of turnover achieved in digital in 1H16 67% of revenues

23 EBITDA Evolution o Media Branding (historic scope) • EBITDA increase from €0.5m to €1.1m Total consolidated Media Performance Branding Digital Branding Print • Profitability of historic digital activities • Sustained profitability of Print Media despite a declining market 1M€ -0,1M€ S1 - 2016 0,2M€ o Media Performance (Tradedoubler) 0,9M€ • Consolidated EBITDA close to the balance • Strong profitability recovery with a sharply 0,5M€ reduced loss

• Rationalization and improvement in gross S1 - 2015 -0,5M€ margin 1M€

-0,5 0 0,5 1 1,5

24 Income Statement o Operating profitability driven Audited, in M€ S1 2016 S1 2015 by digital shift of revenues Revenues 77,26 30,13 and on-going restructuring EBITDA 1,0 0,5 benefits Allowances to depreciation and reserves -1,26 -0,36 o One-off restructuring charges Operating Income - 0,26 0,14 impacting Net Income Financial Income - 0,67 - 0,06 o Healthy balance sheet (net Exceptionnal result - 0,95 - 2,04 cash positive) Net income of the integrated companies -1,99 -2,00 Subsidy / occasions in goodwill -0,06 2,8 o Debt breakdown: amortisationsInterests of the members of a minority party -1,14 0 • €26.6m of senior bonds (Tradedoubler AB), maturing Net income Group share -0,91 0,82 November 2018 Balance Sheet (selected parts) • €7.8m Bank loan Audited, in M€ 30/06/16 31/06/15 (Reworld Media) Equity after minority interests and other 16,6 18,1 stockholders' equity Cash 32,7 13,6 Debt 34,4 2,3

25 Reworld Media Assets Dedicated content AUDIENCE BEHAVIOUR AUDIENCE PROFILS DATA DATA

RETARGETING TARGETING TECHNOLOGY

ADS BANNERS

Client e-commerce’s website NETWORK

CONVERSION RATE AND PERFORMANCE TRACKING

Cost Per Clic Existing clients to our holistic approach: (CPC)

EXECUTIVE SUMMARY REWORLD MEDIA AT A GLANCE MEDIA BRANDING MEDIA PERFORMANCE 26 REWORLD MEDIA GROUP Investor Relations 16 rue du Dôme David Chermont 92100 Boulogne Billancourt [email protected] Tél : +33 (0)1 74 31 36 36 Frederic Portier [email protected] [email protected]

Listing Sponsor Communication Contact : Julia Bridger Ségolène de St Martin - PCE [email protected] [email protected]