1 2 2

09:00 am WELCOME Stéphanie LAVAL, Head of Investor Relations Guillaume DEBRÉ, Executive Producer News TF1 09:05 am INTRODUCTION Gilles PÉLISSON, Chairman & CEO, TF1 Group

09:30 am FUTURE OF TV Ara APRIKIAN, Executive VP Content, TF1 Group Régis RAVANAS, Executive VP Advertising & Diversification, TF1 Group Christine BELLIN, VP Strategy, Development and Transformation, TF1Group

10:15 am NEWS STUDIO TOUR / START-UP MEETUP Thierry THUILLIER, Executive VP News, TF1 Group FACIL’ITI & SYNCHRONIZED

10:55 am PRODUCTION: NEWEN Bibiane GODFROID, CEO, Newen Romain BESSI, Managing Director, Newen Guillaume DE MENTHON, CEO, Telfrance Guillaume THOURET, Managing Director, CAPA

12:10 am Q&A 12:30 am LUNCH BREAK 2 3 3

01:30 pm DIGITAL BUSINESS Olivier ABECASSIS, CEO, aufeminin Group Céline ORJUBIN, Co-founder & CEO, My Little Paris Agnès ALAZARD, COO, aufeminin Group Christophe DECKER, COO, aufeminin Group

03:00 pm CONCLUSION Gilles PÉLISSON, Chairman & CEO, TF1 Group Philippe DENERY, Executive VP, Finance and Procurement, TF1 Group

03:15 pm Q&A

3 4 4

STÉPHANIE LAVAL

HEAD OF INVESTOR RELATIONS

4 5 5

GUILLAUME DEBRÉ

EXECUTIVE PRODUCER NEWS TF1

5 1 6

GILLES PÉLISSON

CHAIRMAN & CHIEF EXECUTIVE OFFICER

6 AMBITION

CONTENT BROADCASTING DIGITAL /DISTRIBUTION

A LEADING PLAYER IN MEDIA CONTENT, ENTERTAINMENT AND NEWS, INTEGRATED FROM PRODUCTION THROUGH TO DISTRIBUTION

MULTI-CHANNEL, MULTI-PLATFORM, MULTI-BUSINESS

7 3 83

AN OMNI-CHANNEL CONTENT POWERHOUSE ADDRESSING ALL VIEWING HABITS

5 FREE-TO-AIR 3 PAY-TV DIGITAL CHANNELS THEME CHANNELS PLATFORMS

LIVE #1AUDIENCE SHARE #1 AUDIENCE SHARE REPLAY #1 32.3% NOTORIETY* VOD #1 21K HOURS AUDIENCE SHARE ON W<50PDM #1 ATTRACTIVITY** YOUTH CONTENTS AT T TIME

Sources: CSA*, NPA** 8 4 49

EXPANDED MONETIZATION OF OUR OFFER

ADVERTISING Power ratio unrivalled in Europe Growing value of DTT channels through specific targets

+ + +

TECH DATA DISTRIBUTION

SYGMA Carriage fees One-stop + services replay platform

SALTO IS UNDER CLEARANCE OF COMPETENT AUTHORITIES 9 REINVENTING THE MODEL

USER- AGGREGATION NEW ONLINE DATA ADDRESSABLE CENTRIC DIGITAL BRANDS PLATFORM BRAND OFFERS TV MEDIA DATA AT THE CENTER OF THE USER-CENTRIC MASS MEDIA MODEL MASS ADVERTISING PRODUCTION MULTI-CHANNEL OFFER & DIVERSIFICATION DISTRIBUTION MEDIA

CONTENT & AUDIENCES MONETISATION

10 10 Unique Identifier 5 115

STRONG ACCELERATION IN NEW TERRITORIES

CONTENT BROADCASTING DIGITAL

MULTI-CHANNEL CORE BUSINESS

SALTO IS UNDER CLEARANCE OF COMPETENT AUTHORITIES 11 A NEW INTERNATIONAL FOOTPRINT 300 FTEs IN 10 COUNTRIES

Local staff (Excl.)

12 Unique Identifier 8 138

KEY TAKEAWAYS

1 MOVING TO A USER-CENTRIC MASS MEDIA MODEL

2

TWO NEW BUSINESSES GENERATING GROWTH AND CREATING VALUE

3

A MORE BALANCED MODEL WITH DIVERSIFICATION OF REVENUE STREAMS

4

IMPROVEMENT OF PROFITABILITY

13 14 14

ARA APRIKIAN REGIS RAVANAS CHRISTINE BELLIN

EXECUTIVE VP, VP, STRATEGY, EXECUTIVE VP, CONTENT ADVERTISING & DEVELOPMENT AND DIVERSIFICATION TRANSFORMATION

14 15 15

ARA APRIKIAN

EXECUTIVE VP, CONTENT

15 16 16

A UNIQUE POWERFUL MEDIA PLAYER

SPECIAL RELATIONSHIP WITH FRENCH AUDIENCE

47m 81% 1/3 FRENCH PEOPLE WATCH OF FRENCH PEOPLE WATCH FRENCH AUDIENCES TF1 GROUP CHANNELS A TF1 GROUP CHANNEL EVERY WEEK EVERY WEEK 32.3% W<50PDM IN 2017

SOURCE: MÉDIAMÉTRIE 16 17 17

MULTI-CHANNEL STRATEGY: SUCCESSFUL TRANSFORMATION

SHARP UPTREND FOR TF1 GROUP TF1 CHANNEL IS INCREASING SUCCESSFUL REBRANDING OVER LAST 2 YEARS ITS LEAD OVER M6 CHANNEL OF OUR DTT CHANNELS

25-49

No.3 No.1 +1.2pt +23% Among W<50PDM Millennials 32,3% W<50PDM

No.4 No.2

W. 25-59

+1.0pt +8pts No.6 No.5 25-49 y.o. Among W<50PDM News

No.3 No.2

Source: Médiamétrie – Médiamat – January-August 2018 vs the same period in 2016 17 AMONG DTT CHANNELS 18 18 BUILDING MOMENTUM: OUTSTANDING CONTENT FOR UNIQUE RENDEZ-VOUS

AT THE HEART OF LIVE BROADCASTING THE EVENT TV CHANNEL THE GREATEST BRANDS & TALENTS

ORIGINAL PRODUCTIONS DAILY SOAP 2 DAILY NEWS CASTS

CREATING BRAND VALUE AND VIEWER ENGAGEMENT

18 19 19

MAXIMIZING FLOW THROUGH OF CONTENT

REPLAY (FULL-STACK)

RE-RUN

D-DAY BROADCAST

INTERNATIONAL 1ST EP. PREMIERE DISTRIBUTION ON TELCO’S STB D-7 PAID PREMIERE FULL-STACK BEFORE TF1 RUN

19 20 20

TV RATINGS IN FRANCE: ONE OF THE MOST RELIABLE METRICS GATHERING ALL PLAYERS

NOW 2020

TV (MÉDIAMAT) LIVE CATCH-UP 4 SCREENS AND OUT-OF-HOME

3 SCREENS (CONSOLIDATED PARALLEL METRICS IN MÉDIAMAT) (NOT CONSOLIDATED IN MÉDIAMAT)

20 21 21

RÉGIS RAVANAS

EXECUTIVE VP, ADVERTISING & DIVERSIFICATION

21 22 22

RELIABLE MEASURE + STRONG VIEWER ENGAGEMENT = HIGHER AD EFFICIENCY

BRAND RECALL BRAND IMAGE BRAND ATTRACTIVENESS

DIFFERENCE ON AD EFFICIENCY BETWEEN TV VIEWERS WITH A HIGH ENGAGEMENT LEVEL AND LOW ENGAGEMENT LEVEL

SOURCE: TF1 PUBLICITÉ / TNS SOFRES 22 26 23

A MOMENTUM FOR CHANGE

INCREASING NUMBER HIGH LEVEL OF AD VOLUME PUTS MORE ADTECH & DATA OF TOUCHPOINTS PRESSURE ON INVENTORY CREATE NEW OPPORTUNITIES

23 27 24 REACHING 97% OF WOMEN EACH MONTH 1ST FEMALE COMMUNITY IN FRANCE

2018

2017

2016

2015

SOURCE : CROSS MEDIAS STUDY 2018 - MÉDIAMÉTRIE / AFFIMÉTRIE / ACPM SALTO: SUBJECT TO THE APPROVAL OF COMPETENT AUTHORITIES DOCTISSIMO: EXCLUSIVE NEGOTIATIONS 28 25

MORE REFINED CROSS MEDIA DATA

ONE DATA | TV & DIGITAL | >1000 DATA SEGMENTS

GEO-TARGETING SOCIO- MEDIA BEHAVIOUR VIEWER SHOPPER GEO-TARGETING SOCIO-DEMOGRAPHIC LIFESTYLE MEDIA BEHAVIOUR VIEWER ENGAGEMENT DEMOGRAPHIC ENGAGEMENT

SOURCE : TF1 PUBLICITÉ / TNS SOFRES 25 29 26

NEW DEAL ON DATA

NEW TARGET DIGITAL: A NEW SINGLE PROCESS

SYGMA DATA VIDEO ACCESS 2018

DIGITAL DATA & CATCH-UP PROGRAMMATIC GRP BRAND INVENTORY GRP QA AD BUYING FROM 3 LOVERS BROADCASTERS

2019

SINGLE PROCESS GRP SHOPPER

26 1 27

CHRISTINE BELLIN

VP, STRATEGY, DEVELOPMENT AND TRANSFORMATION

27 FIVE KEY TRENDS FOR THE MEDIA SECTOR

Leadership A tremendous Key value Digital monetization of global digital switch of powered by Multiplication platforms of the video user experience data and of Alliances (GAFAN) consumption and personalization AdTech

1 3 2 DIGITAL DATA ALLIANCE strategy strategy strategy

Credits : William Iven / Derick Anies / Rob Hampson / Stephen Dawson/ Raw Pixel on unsplash.com 28 Unique Identifier 1 VIDEO EXPERIENCE: A FULL RANGE OF DIGITAL PRODUCTS

ISP OTT

SALTO: SUBJECT TO THE APPROVAL OF COMPETENT AUTHORITIES 29 Unique Identifier 2 ALLIANCES: SALTO

30 Unique Identifier 3 DATA: TRANSFORMING CUSTOMER RELATIONSHIPS (B2B + B2C)

1. B2C: CUSTOMER EXPERIENCE

3. B2B: MONETISATION 2. OMNI-CHANNEL CONTINUUM

31 31 Unique Identifier expectations

3 DATA - STEP 1: MYTF1 PLATFORM EXPANDED THROUGH SYNERGIES AND PARTNERSHIPS

REACH

Addressable TV target 100% pop TV sets (linear & IPTV)

+ SYNERGIES + PARTNERSHIPS A Digital screens (desktops, (*) smartphones, A B pads)

CUSTOMERS SOCIO-DEMOGRAPHIC LIFESTYLE PURCHASING INSIGHTS + MEDIA FAN & INTERESTS BEHAVIORS

(*) : DOCTISSIMO – EXCLUSIVE NEGOTIATIONS IN PROGRESS 32 32 Unique Identifier 3 DATA - STEP 2: TOWARDS A ONE-TO-ONE DATA TV

REACH

Addressable+ ADDRESSABLE TV target TV ON LINEAR ON ISP SET-TOP-BOXES 100% pop TV sets + ADDRESSABLE TV ON LINEAR ON HBBTV DEVICES (linear & IPTV) + ADDRESSABLE TV ON AVOD ON ISP SET-TOP-BOXES

Digital screens (desktops, PLATFORM + SYNERGIES + PARTNERSHIPS smartphones, MYTF1 AUFEMININ WITH RELEVANC pads)

CUSTOMERS SOCIO-DEMOGRAPHIC LIFESTYLE PURCHASING INSIGHTS + MEDIA FAN & INTERESTS BEHAVIORS

33 33 Unique Identifier DATA & DIGITAL ENABLE THE SHIFT TO USER-CENTRIC MASS MEDIA MODEL

DIGITAL BRANDS AGGREGATION DIGITAL DATA ADDRESSABLE USER- PLATFORM SEGMENTS OFFERS TV CENTRIC MEDIA DATA AT THE CENTER OF THE ONE-TO-ONE MASS MEDIA PRODUCTION MULTI-CHANNEL OFFER MODEL ADVERTISING & DISTRIBUTION MASS DIVERSIFICATION MEDIA

CONTENT & AUDIENCES MONETISATION

SALTO: SUBJECT TO THE APPROVAL OF COMPETENT AUTHORITIES

DOCTISSIMO – EXCLUSIVE NEGOTIATIONS IN PROGRESS 34 34 Unique Identifier 37 35

NEWS STUDIO TOUR START-UP MEETUP

THIERRY THUILLIER EXECUTIVE VP, NEWS

35 38 36

BIBIANE GODFROID ROMAIN BESSI GUILLAUME THOURET GUILLAUME DE MENTHON

NEWEN’S CEO NEWEN’S MANAGING CAPA’S MANAGING TELFRANCE’S CEO DIRECTOR DIRECTOR

36 4040 37 GROWTH OF NEWEN GROUP SINCE CREATION

70 % ACQUISITION BY 100 % ACQUISITION BY

INTERNATIONAL

(launch of unscripted brand)

2010 2015 2017

2008 2011 2016 2018

INTERNATIONAL

(launch of Newen distribution brand) 37 41 3841 NEWEN TODAY ?

4 1,000 7 DAILY HOURS OF PROGRAMS PRODUCTION COMPANIES « RENDEZ-VOUS » PRODUCED IN 2018

8 5,000 30 MILLION VIEWERS HOURS FOR DISTRIBUTION LABELS EACH DAY

38 42 4239 AN INDUSTRIAL APPROACH COMBINING

CREATIVITY FINANCIAL EXPERTISE

ABLE TO PRODUCE LOW BUDGET WORKING WITH LOCAL & CONTENT TO HIGH END INTERNATIONAL TALENTS INTERNATIONAL PRODUCTIONS

39 43 4043 NEWEN CAN DELIVER ALL KINDS OF CONTENT

INTERNATIONAL LOCAL DAILY SOAPS DRAMA RETURNING SERIES

Deutsch-les-Landes

40 4444 41 DAILY SOAPS PROVIDE:

INDUSTRIALIZED PROCESSES ACCESS TO TALENTS LONG-TERM VISIBILITY RECURRING CASH FLOWS

58 33 26 22 YEARS YEARS YEARS YEARS 41 45 4542 NEWEN IS FRENCH ONLY PRODUCER OF 2 DAILY SOAPS

DOUBLED THE LEADER IN THEIR CHANNEL’S SLOT ON ALL AVERAGE TARGETS + RATINGS

= 8 75 80 300 MILLION VIEWERS AUTHORS MAIN CHARACTERS TECHNICIANS/WEEK

42 46 4643 VERSAILLES: A MILESTONE IN NEWEN’S INTERNATIONAL IMAGE

AN INTERNATIONAL COPRODUCTION SOLD WORLDWIDE 3 600 135 €30M SEASONS TEAM COUNTRIES PER SEASON

GEORGES BLAGDEN ANNA BREWSTER ALEX VLAHOS ALEXIS MICHALIK JALIL LESPERT SIMON MIRREN DAVID WOLSTENCROFT ACTOR V ACTRESS ACTOR ACTOR DIRECTOR SHOW-RUNNER SHOW-RUNNER VIKINGS, BLACK MIRROR STAR WARS, THE TUDORS MERLIN KABOUL KITCHEN, EDMOND YVES SAINT LAURENT CRIMINAL MINDS PERFECT CRIME, MI5 46 47 4447 HOW TO PRODUCE COST EFFECTIVE DRAMA?

NINA IN FRANCE THE FIRST YEARS IN NETHERLANDS

3 ≈ 20% 6 4 >600 COUNTRIES EPISODES EPISODES BELOW THE AVERAGE SEASONS ADAPTED SHOT / DAY PRODUCED DRAMA COST THE SHOW SO FAR 44 48 4845 NEWEN IS THE ONE-STOP SHOP FOR LOCAL AND GLOBAL PLAYERS

AND MANY OTHERS…

45 MORE CLIENTS, MORE GENRES, MORE COUNTRIES IN THE LAST 3 YEARS

2015 2018 2015 2018

DRAMA DRAMA

DOCUMENTARIES DOCUMENTARIES

NON SCRIPTED NON SCRIPTED

ANIMATION (NEW)

INTERNATIONAL NON SCRIPTED (NEW) INTERNATIONAL SCRIPTED (NEW) 46 OSMOSIS: 2nd ORIGINAL FRENCH SERIES PRODUCED FOR NETFLIX

Agathe BONITZER Hugo BECKER 47 ACTRESS ACTOR THE NUN GOSSIP GIRL – BARON NOIR

SHOOTING IN PROGRESS – UNDER NON DISCLOSURE AGREEMENT

47 DEUTSCH-LES-LANDES: 1st ORIGINAL FRENCH SERIE FOR AMAZON PRIME

A FRENCH AND GERMAN COPRODUCTION

MARIE-ANNE SYLVIE TESTUD CHRISTOPH MARIA A.CHARLOT & CHAZEL ACTRESS HERBST F. MAGNIER ACTRESS LA VIE EN ROSE, ACTOR AUTHORS LES BRONZES, FEAR AND 3 TÜRKEN & EIN BABY BIENVENUE CHEZ LES 48 LES VISITEURS TREMBLING LADYKRACHER CH’TIS

48 2 DAILY HEALTH TALK SHOWS ON AIR FOR 20 YEARS!

380 DOUBLED HOURS PRODUCED CHANNEL’S AVERAGE PER YEAR RATINGS

SEASON 20 SEASON 18

FAITES ENTRER L’ACCUSÉ LIVE 4 ON AIR FOR IN-HOUSE FACILITIES MILLION VIEWS PER MONTH 18 YEARS

SEASON 20

49 49 CAPA: FROM FACTUAL TO HIGH-END AND INTERNATIONAL DOCUMENTARIES

INVESTIGATION, WILDLIFE, SCIENCE, SPORT, CULTURE AND HISTORY

TALENT ATTACHED TO PROJECTS

THOMAS PESQUET CÉLINE COUSTEAU STÉPHANE BERN JEAN-PAUL GAULTIER NIKOLA KARRABATIC ASTRONAUT EXPLORER JOURNALIST STYLIST WW HANDBALL PLAYER 50 BLUE SPIRIT: ONE OF THE MAIN PLAYERS IN ANIMATION GROWING RAPIDLY WORLDWIDE

OPERATING ALL ACROSS THE VALUE CHAIN

FOR OUR PRODUCTIONS AND THIRD PARTIES

51 51 NEWEN ENABLING A UNIQUE COLLECTION OF INDEPENDENT PRODUCERS AND TALENTS

LAURENCE BACHMAN VINCENT MESLET FLORENCE LEVARD EMMANUELLE SAMOYAULT SÉBASTIEN CHARBIT

CLEMENT BIRNBAUM JEAN-BENOIT GILLIG CHRISTINE PALLUEL LISSA PILLU HUBERT BESSON JOACHIM NAHUM

52 A UNIQUE COLLECTION OF TALENTS

CLAUDE CHELLI PHILIPPE LEVASSEUR SARAH AKNINE ARNAUD FIGARET AUDE ALBANO PALOMA MARTIN Y PRADA

MICHEL CYMES BENOIT THEVENET ALEXANDRA CRUCQ AURELIEN LIPIANSKI FANCHON GIORDA TACO ZIMMERMAN MARINA CARRERE D’ENCAUSSE

53 57 5457 OPERATING ACROSS ALL THE VALUE CHAIN

TO GENERATE LONG-TERM VALUE

DEVELOPMENT PRODUCTION, DISTRIBUTION OF ORIGINAL CONTENT SHOOTING, EDITING AND MERCHANDISING

ANIMATION PRODUCTION FACILITIES IN ANGOULÊME & MONTREAL POST&PROD STUDIOS IN PARIS, SÈTE & MARSEILLE STUDIOS AND FACILITIES IN AMSTERDAM

54 58 5855 INDUSTRIAL TOOLS

45 EDITING ROOMS 13 FILM SETS ILE DE FRANCE 8% OF THE TOTAL FILM SETS IN FRANCE 3D AND 2D ANIMATION SOFTWARE UHD, HVR, VR WORKSTATIONS

ANGOULÊME

MONTRÉAL

SÈTE MARSEILLE

AMSTERDAM EXPORTING OUR CREATIVITY THROUGHOUT THE WORLD

THE MYSTERIOUS CITIES OF GOLD CANDICE RENOIR 71 TERRITORIES 60 TERRITORIES

VERSAILLES LOOPDIDOO TERROR STUDIOS 135 TERRITORIES* 145 TERRITORIES 130 TERRITORIES

* BANIJAY RIGHTS 56 56 ROBUST BUSINESS MODEL

LOCAL DRAMA INTERNATIONAL DRAMA ANIMATION

• MAINLY FINANCED LOCALLY • 75% FINANCED THROUGH CO • FINANCED THROUGH PRE PRODUCERS AND SOFTMONEY SALES 2 - 3 COUNTRIES • DISTRIBUTION DELIVERING (AND SOFTMONEY) THE UPSIDE • 25 % TO BE COVERED BY DISTRIBUTION • DISTRIBUTION DELIVERING • €1 - 1.3 MILLION / HOUR THE UPSIDE • €2.5 - 3 MILLION / HOUR • €0.7 MILLION / HOUR

57 57 A EUROPEAN BUILD-UP TO ACCELERATE GROWTH

NETWORK OF INTERNATIONAL PARTNERS ACQUISITIONS

58 58 TUVALU MEDIA GROUP A KEY PLAYER IN A DYNAMIC MARKET

+ TOP 3 OF THE INDEPENDENT COMPANIES IN HOLLAND BASED IN AMSTERDAM

+ SCRIPTED, UNSCRIPTED, DIGITAL, FEATURE FILMS

+ OWNER OF COLUMN (SCRIPTED)

NEW 60% OWNED BY NEWEN

+ ONE OF THE LEADING, INDEPENDENT SCRIPTED PRODUCTION COMPANIES IN THE NETHERLANDS

+ PRODUCER OF THE FIRST SERIES FOR IN THE NETHERLANDS

+ FEATURE FILMS, TV DRAMA

+ MULTI-AWARDED 59 NEW

33% OWNED BY NEWEN

• NIMBUS IS THE MOST REWARDED DANISH PRODUCER, PRODUCED THE MOST FAMOUS TV SERIES (THE BRIDGE) AND MOVIE (FESTEN)

• DENMARK IS ONE OF THE MOST PERFORMING DRAMA MARKET

• TALENTS: LARS VON TRIER, THOMAS VINTERBERG, NICOLA WINDING REFN, HANS ROSENFELDT

MIFUNES ANTBOY BRON / THE BRIDGE FESTEN « SILVER BEAR » AT BROADCASTED IN 174 COUNTRIES JURY PRIZE AT THE BERLIN INTERNATIONAL CANNES FESTIVAL FILM FESTIVAL ADAPTED IN FRANCE THE TUNNEL CANAL+ & SKY ATLANTIC

60 60 64 6461

61 65 62

OLIVIER ABECASSIS CELINE ORJUBIN AGNES ALAZARD CHRISTOPHE DECKER

AUFEMININ GROUP MY LITTLE PARIS AUFEMININ GROUP AUFEMININ GROUP CEO CEO COO COO

62 63

AGENDA FOR TODAY

AUFEMININ GROUP VISION FOR GROWTH

STRATEGIC PILLAR #1: PROGRAMMATIC AND CONTENT MARKETING

STRATEGIC PILLAR #2: BRAND SOLUTIONS

STRATEGIC PILLAR #3: SOCIAL ECOMMERCE

WHAT’S NEXT AND GUIDANCE

63 64

IN A GAFA WORLD, THE GROWTH WAY FOR A PUBLISHER GROUP

NEW AUDIENCE DRIVERS

ORGANIC REACH NEW AUDIENCE DRIVERS DATA BRANDS

COMMUNITY COMMUNITY COMMUNITY REACH

OWNED

EARNED

DATA

ADVERTISERS PROGRAMMATIC SOCIAL ECOMMERCE

64 65

FROM A PURE TRADITIONAL « ADVERTISING MODEL »

TO A DIVERSIFIED « DIGITAL MODEL »…

MARKET TRENDS

AUFEMININ GROUP DECREASE OF AUFEMININ WAS A PURE TRADITIONAL DISPLAY DECREASE OF TRADITIONAL GROUP INVENTORY COMPETITION ADBLOCKERS PRICING AND ADVERTISING MARKET: SOCIAL NETWORKS “TRADITIONAL DISPLAY ADVERTISING BECAME A PURE & PROGRAMMATIC & MOBILE SHIFT MARGIN DECLINE ADVERTISERS LOOKING AND TRANSACTIONAL DIGITAL MARKET: ADVERTISERS ACCELERATION (LOW CPM) FOR NEW CREATIVE BOOMING “DIVERSIFIED ADVERTISING LOOKING FOR NEW CREATIVEEXPERIENCES EXPERIENCES DIGITAL MODEL“ MODEL”

65 66

…TO GROW AUDIENCES ON KEY CENTER OF INTERESTS AND DIVERSIFY REVENUE STREAMS

#1 #2 #3 VIEWERS USERS CUSTOMERS

MEDIA SPACE CONTENT COMMUNITIES OF PROGRAMMATIC DISTRIBUTION BUYERS, SOCIAL DISPLAY BRAND CONTENT ECOMMERCE & CONTENT BRAND PRINT MARKETING PUBLISHING INFLUENCE

#1 #2 #3 REACH ENGAGEMENT CONVERSION

66 AUFEMININ GROUP: A LEADING INTERNATIONAL DIGITAL67 PUBLISHER TARGETING WOMEN

ATTRACTIVE BRANDS CREATING THE BEST CONTENT ON KEY CENTER OF INTERESTS

MUMS / LIFESTYLE FASHION & FOOD WELLNESS BEAUTY PARENTHOOD WOMEN EMPOWERMENT 67 THREE STRATEGIC PILLARS 68

PROGRAMMATIC & CONTENT MARKETING

BRAND CONTENT, SOCIAL ECOMMERCE BRAND PUBLISHING & INFLUENCE INTERNATIONAL REACH AND AUDIENCE EXPERTISE69

MORE THAN 100 MILLION OF MONTHLY UNIQUE VISITORS

AUDIENCE SOURCES: 66% SEARCH 15% PAID 11% DIRECT 7% SOCIAL 1% OTHER

69 70

AGENDA FOR TODAY

AUFEMININ GROUP VISION FOR GROWTH

STRATEGIC PILLAR #1: PROGRAMMATIC AND CONTENT MARKETING

STRATEGIC PILLAR #2: BRAND SOLUTIONS

STRATEGIC PILLAR #3: SOCIAL ECOMMERCE

WHAT’S NEXT AND GUIDANCE

70 LIVINGLY MEDIA AUDIENCE

20M 500M 1.2B 3.9M Unique Visitors Monthly Pageviews Advertising Impressions Social Followers

7070 % % female FEMALE 25-3925-39 Average AVERAGE AGE Age 75K+75K+ Household HOUSEHOLD INCOME Income

Ranked #1 Ranked #6 Ranked #9

in Beauty / Fashion / Style in Home in Entertainment News Category Category Category

71 Rank: Total Views, ComScore - May 2018 LIVINGLY MEDIA 3 YEARS PERFORMANCE

REVENUE CAGR: 43% GROSS MARGIN CAGR: 31%

REVENUE

GROSS MARGIN

OPERATING EBITDA

2015 2016 2017

72 79 73

LIVINGLY MEDIA: GAME-CHANGING DECISIONS

HOW DID WE DO IT?

1. Automate content marketing

2. Full programmatic monetization

3. Invest in data tools and projects

73 80 74

TRADITIONAL ORGANIC AUDIENCE SOURCES

7 MILLION VISITS

Search

Social

Links

RELEVANT AND VALUABLE CONTENT MONETIZE CONTENT WITH ADS

SOURCE GA: AUGUST 2018 74 81 75

CONTENT MARKETING

14 MILLION VISITS

Acquire target audience Relevant and valuable content Monetize content with ads

ROI SOURCE GA: AUGUST 2018 CONTENT MARKETING

OPTIMIZE REVIEW CREATE

Daily optimisation: Promotion of each content: Analyse performance: • • Optimize bids and budgets • 10 to 30 creatives Clicks and cost • • 3000+ campaigns • 58 target audiences Audience and engagement • • Intraday trading for top • 1000+ ads Ad impresions and revenus performers

LARGE SCALE THANKS TO AUTOMATED TOOL CONTENT MARKETING: CASE STUDY

PROMOTION OF 8 CONTENTS AND REALTIME OPTIMIZATION

$2 MILLION SPENT FOR CONTENT PROMOTION

22 MILLION VISITS

762 MILLION PAGEVIEWS (34 PV/S)

$3 MILLION REVENUE FOR $1 MILLION PROFIT

SOURCE: LIVINGLY MEDIA ANALYTICS, GA, DFP, MAY 19TH-31ST 2018 77 84 78

LIVINGLY MEDIA: GAME-CHANGING DECISIONS

HOW DID WE DO IT?

1. Automate content marketing

2. Full programmatic monetization

3. Invest in data tools and projects

78 TRADITIONAL AD SERVING

Direct sales

AD SERVER

DIRECT SALES

Direct sales

79 TRADITIONAL ADS WITH RTB BACKFILL

Direct sales

RTB AD SERVER PROGRAMMATIC

DIRECT SALES AD EXCHANGE

Direct sales

80 HEADER BIDDING

Direct sales

Ad server RTB PROGRAMMATIC Rubicon

Pubmatic AD EXCHANGE

OpenX

Index Livingly’s technology:

Bid caching Sovrn Direct sales Dynamic flooring Multi-sizes … up to 13 … Discounting Real-time analytics Viewability

81 HEADER-BIDDING COMPETITION DRIVES DIVERSIFICATION, CPM AND REVENUE GROWTH

Direct: 40% Google: 43.4%

Google: 60%

$1.2m revenue $4.9m revenue $1.24 CPM $2.17 CPM

May 2015 May 2018 82 89 83

LIVINGLY MEDIA: GAME-CHANGING DECISIONS

HOW DID WE DO IT?

1. Automate content marketing

2. Full programmatic monetization

3. Invest in data tools and projects

83 REALTIME ANALYSIS AND OPTIMISATION OF REVENUE AND COSTS

REVENUE ANALYSIS & DASHBOARDS

DATA WAREHOUSE

AUDIENCE

CONTENT PROMOTION & OPTIMIZATION

COST

84 LIVINGLY MEDIA EXPERTISE BENEFITS AUFEMININ GROUP

MID-2016: MID-2017: HEADER-BIDDING CONTENT MARKETING EXPERTISE EXPERTISE

85 86

AGENDA FOR TODAY

AUFEMININ GROUP VISION FOR GROWTH

STRATEGIC PILLAR #1: PROGRAMMATIC AND CONTENT MARKETING

STRATEGIC PILLAR #2: BRAND SOLUTIONS

STRATEGIC PILLAR #3: SOCIAL ECOMMERCE

WHAT’S NEXT AND GUIDANCE

86 BRANDING GENERATES SALES

Direct sales ENGAGING OUR COMMUNITY ON TEX-MEX FOOD GENERATED A GROWTH OF:

• +22% OF THE BRANDS’ TURNOVER

• +19% OF THEIR SALES IN VOLUME

• +25% CUSTOMERS

RELEVAN C MESURE (SAMPLE OF 4 958 EXPOSED MARMITON USERS WHO VISITED A – PURCHASE ANALYSIS FROM FEB 19 TO JUNE 10 2018) HOLISTIC COLLABORATION: FROM INSIGHTS TO ACTIVATION

PRODUCT INNOVATION

STRATEGIC PLANNING BRAND EXPERIENCE

DATA INFLUENCE

REACH SOCIAL CONTENT

88 MAXIMIZING THE POTENTIAL OF OUR PARTNERSHIPS

89 ENGAGING OUR BRANDS AND COMMUNITIES

AND BUILDING DATA KNOWLEDGE FOR COCA-COLA More than 7 million qualified cookies collected (March-Dec 2017)

90 91 INFLUENCE MARKETING AND THE CREATIVITY WITH YKONE AGENCY

92 FROM TOP TO MICRO: REACH, CONTENT, ENGAGEMENT

93 USING DATA-DRIVEN PLATFORM TO WORK WITH 500,000 INFLUENCERS

Direct sales Direct sales

94 BUILDING BRAND ASSETS ACCROSS PLATFORMS WITH MAGNETISM AGENCY

95 96

AGENDA FOR TODAY

AUFEMININ GROUP VISION FOR GROWTH

STRATEGIC PILLAR #1: PROGRAMMATIC AND CONTENT MARKETING

STRATEGIC PILLAR #2: BRAND SOLUTIONS

STRATEGIC PILLAR #3: SOCIAL ECOMMERCE

WHAT’S NEXT AND GUIDANCE

96 MY LITTLE PARIS: A MEDIA AND ECOMMERCE BRAND THAT HAS EVERYTHING TO DO WITH PARIS

97 FROM A NEWSLETTER, TO A THRIVING BUSINESS A COMMUNITY ACQUIRED BY WORD OF MOUTH

SEPTEMBER 2018 4.5 MILLION SUBSCRIBERS

FEBRUARY 2008 1st EMAIL SENT TO 50 FRIENDS

99 WHY SOCIAL ECOMMERCE IN A MEDIA GROUP?

« When you have a media audience, they trust you, they spend time with your brand, they share and promote your content. This relationship can be monetized one-on-one : it’s called commerce. »

Ben Lerer, Thrillist - SxSW

100 MY LITTLE BOX: THE FIRST SOCIAL ECOMMERCE VENTURE

LAUNCHED IN 2011 DEVELOPMENT OF A WORD OF MOUTH 2.0 MY LITTLE BOX FRENCH NUMBER OF ACTIVE SUBSCRIBERS FROM 2011

PHASE 1 PHASE 2 PHASE 3

ORGANIC GROWTH AND RETENTION WORD OF YOUTUBE AND MOUTH INSTAGRAM MY LITTLE WORD OF MOUTH OUR MODEL FOR INTERNATIONAL GROWTH: PARIS

« L’APPARTEMENT DE LA PARISIENNE », IN TOKYO AND BERLIN COLLABORATIONS IN 2016 AND 2017 WITH EVIAN 103 MY LITTLE BOX JAPAN: A COMMUNITY BUILT FROM SCRATCH

COLLAB’ WITH JILL STUART

COLLAB’ WITH EVIAN + MÉTRO DISPLAY

TV APPEARANCE + COLLAB’ WITH L’OCCITANE

104 THE « MY LITTLE » EXPERTISE BENEFITS AUFEMININ GROUP

105 THE AUFEMININ GROUP SOCIAL ECOMMERCE MODEL

1. INSIGHT

1. 2. INSIGHT TEST AND LEARN

3. SCALE IT OR KILL IT

106 SOCIAL ECOMMERCE: MORE THAN 200K MONTHLY SUBSCRIBERS IN EUROPE AND JAPAN

#OF MONTHLY SUBSCRIBERS JAN 14-JULY 18 Launch of EU Gambettes Box Launch of MLB Launch of 1. INSIGHTLaunch of Germany Beautiful by Gretel aufeminin

8

107 108

AGENDA FOR TODAY

AUFEMININ GROUP VISION FOR GROWTH

STRATEGIC PILLAR #1: PROGRAMMATIC AND CONTENT MARKETING

STRATEGIC PILLAR #2: BRAND SOLUTIONS

STRATEGIC PILLAR #3: SOCIAL ECOMMERCE

WHAT’S NEXT AND GUIDANCE

108 A NEW DIGITAL MARKETING OFFER IS EMERGING, 109 USING DATA TO CARRY HIGHLY-TARGETED CAMPAIGNS FROM INSIGHT TO CONVERSION

INFLUENCE • SOCIAL NETWORKS BRAND CONTENT • INFLUENCERS • BRAND CONTENT • VIDEO PRODUCTION RECOMMANDATION • AFFILIATION • PRODUCT TESTING

STRATEGY • COMMUNITIES • STRATEGIC PLANNING INSIGHTS & DATA • INSIGHTS / DATA AMPLIFICATION • ANALYTICS TOOLS • DISPLAY, REACH • PROGRAMMATIC ADVERTISING • TRADING DESK

ROI ANALYTICS CONVERSION • SOCIAL ECOMMERCE • ANALYTICS TOOLS • • DATA (1ST, 2ND & 3RD EVENT PARTY) 109 DEVELOP A « ONE-STOP SHOP » OFFER: 110 ABLE TO ANSWER ALL THE NEEDS OF AN ADVERTISER

PROGRAMMATIC & CONTENT MARKETING

BRAND CONTENT, SOCIAL ECOMMERCE BRAND PUBLISHING & INFLUENCE

(*) : DOCTISSIMO – EXCLUSIVE NEGOTIATIONS IN PROGRESS 110 DEVELOP A « ONE-STOP SHOP » OFFER: 111 ABLE TO ANSWER ALL THE NEEDS OF AN ADVERTISER

ADDED-VALUE CREATION MODEL B2B REVENUES OUR COMMUNITIES BY VERTICAL SOCIAL ECOMMERCE AUDIENCES AND ENGAGEMENT REVENUES

MEDIA THEMATICS BOX / SUBSCRIPTIONS ADVERTISING WOMEN FOOD WELLNESS CONSULTING aufeminin Marmiton Onmeda incl. Magnetism / Mayanne

BRAND CONTENT

TECH INTER- LIFESTYLE LIFESTYLE /GAMING INFLUENCE NATIONAL USA URBAIN Les Num UK / SP / Livingly MLP, … / Cnet / Zdnet / GameKult IT / GE SOLUTIONS PERFORMANCE

AFFILIATION

PROGRAMMATIC DATA CRM Data Management

INTEGRATED ORGANIZATION AUFEMININ GROUP AND TF1 GROUP SYNERGIES112

• TV EXPOSITION OF BRANDS & COMMUNITIES CROSS CANAL • ONLINE VIDEO ACCELERATION OF AUFEMININ GROUP BRANDS

• A UNIQUE REACH AND DATA SEGMENTATION IN FRANCE (30M+ UNIQUES, SOCIO DEMO & « INTENTIONNISTES SEGMENTS ») COMMUNITIES • A UNIQUE PROPOSAL FOR ADVERTISERS MIXING MASS MEDIA (TF1) AND TAILOR-MADE (AUFEMININ)

• HEADER BIDDING EXTENSION TO ALL THE TF1 GROUP INVENTORIES TRANSFORMATION • BOOSTING SOCIAL ECOMMERCE BUSINESS WITH TV ACQUISITION • INTERNATIONAL SCALING

112 OUR PRIORITIES 113

#1: EXPAND THE REACH AND ENGAGEMENT OF OUR COMMUNITIES

#2: CREATE A JOINT ADVERTISING BRANCH

#3: ACCELERATE OUR VERTICALIZED DATA STRATEGY AND OUR ABILITY TO ENGAGE OUR COMMUNITIES

#4: SCALE OUR SOCIAL ECOMMERCE

113 65 11465

GUIDANCES FOR DIGITAL BUSINESS

REVENUE EBITDA MARGIN 2021E 2021E

≈ €250 m >15%

114 65 115

GILLES PÉLISSON PHILIPPE DENERY

CHAIRMAN & CHIEF EXECUTIVE EXECUTIVE - VP FINANCE OFFICER & PROCUREMENT

115 65 11665

OUR AMBITION RELIES ON 3 PILLARS:

• TF1 GROUP CORE BUSINESS MOVING TOWARDS MORE FLEXIBILITY AND NEW DIVERSIFIED REVENUE STREAMS

•NEWEN BRINGS VALUE THROUGH LONGER-TERM CYCLES AND VARIABLE COSTS

•DIGITAL ENTITY REINFORCES THE GLOBAL BUSINESS MODEL THROUGH GROWTH, INNOVATION & A HIGHER MARGIN RATE

116 65 11765

THIS AMBITION WILL DELIVER:

• LESS DEPENDENCY ON TV ADVERTISING MARKET THANKS TO A COMBINATION OF ORGANIC GROWTH AND M&A

• A TARGET OF DOUBLE-DIGIT CURRENT OPERATING MARGIN RATE IN 2019

• INVESTMENT BUDGET FOR ACQUISITIONS OF AROUND €50 MILLION A YEAR OVER THREE YEARS

• IMPROVEMENT OF THE RETURN ON CAPITAL EMPLOYED THREE YEARS FROM NOW *

*(8.9% IN 2017). 117 64118 64

118