A SOLID FIRST HALF 2016 3...Exits Investments Total investments in 2016 YTD €752m** Asset Rotation...

A SOLID FIRST HALF 2016

A CONTINUING DYNAMIC MOMENTUM & ACTIVE TRANSFORMATION

FOCUSING ON VALUE CREATION AT ALL STAGES

3

12

19

2 H1 2016 RESULTS

H1 2016

A SOLID FIRST HALF 2016

1

H1 2016 RESULTS 3

Solid revenue growth in H1 2016

4

614 716

1,143 1,154

H1 2015 PF H1 2016

+0.9%

+16.7%

Companies consolidated under equity method

Fully consolidated companies

ECONOMIC REVENUES (in €m)

Growth at constant Eurazeo scope

H1 2016 RESULTS

+6.4%

1,870 1,757

Continued increase in companies’ contribution

5

H1 2016 H1 2015 PF Change

Adjusted EBIT of Group consolidated companies 89.6 79.8 +12%

Cost of financial debt of Group consolidated companies (net) (49.8) (36.8) +35%

Results for companies consolidated by the equity method, net cost of debt 13.1 (6.9) N/A

Contribution of companies’ net cost of debt 52.9 36.1 +47%

H1 2016 RESULTS

CONTRIBUTION OF COMPANIES NET OF FINANCE COSTS In €m

176

8

190

18

36

3

205

35 42

46

7

125

29

205

46 60

14

71

14

92

44

216

53

55

15

78

18

71

46

Increasing EBITDA

x%

CAGR

H1 20

12

H1 2

013

H1 20

14

H1 20

15

H1 20

16

EBITDA in €m

+5.3%

+22.9%

+5.3% +82.4%

-24.3%

+25.8%

+23.9%

* ** ***

(*) Eurazeo PME: majority investments (portfolio as of June 30, 2016) (**) Europcar: adjusted Corporate EBITDA (***) Asmodee: comparable change excluding acquisitions

H1 2016 RESULTS 6

+61.7%

Profit & Loss details

7

(€m) H1 2016 H1 2015 PF

Contribution of companies’ net cost of debt 52.9 36.1

Change in value of real estate properties (2.9) 13.0

Capital gains (net) 123.1 1,724.8

Other(1) (19.0) (25.3)

Taxes (2.7) (24.8)

Non-recurring items (66.3) (147.5)

Net consolidated income 85.2 1,576.3

Net consolidated income Group share 73.5 1,319.5

(1) Revenue at the holding company, net cost of financial debt of holding sector, operating costs and amortization of commercial contracts

H1 2016 RESULTS

Strong financial position

8

AT EURAZEO LEVEL

No structural debt at Eurazeo level

Solid cash position: c.€780m* as of June 30, 2016

Portfolio companies’ debts are non recourse to Eurazeo

AT CONSOLIDATED LEVEL

6,307 6,021

3,619

4,587

355

1,823

2011 2012 2013 2014 2015 H1 2016

Consolidated net debt in €m

H1 2016 RESULTS

(*) Proforma of Foncia sale and Elis debt reimbursement

Reasonable leverage at portfolio level

H1 2016 RESULTS 9

5.2 5.0 4.7

3.1

4.8

3.4

2.7

0.9 0.8

4.0

3.1 3.4

0.8 0.9

1.4 33%

40%

48% 43%

45%

x

1x

2x

3x

4x

5x

6x

Corporate Net debt / Corporate EBITDA

2014 loan-to-value

ratio

Proforma for the full year impact of

acquisitions

2015 2012 2013 2014

H1

2016

0x

39.3 45.7

60.0 61.7 67.8 68.1

Dec. 31,2011

Dec. 31,2012

Dec. 31,2013

Dec. 31,2014

Dec. 31,2015

June 30,2016

Continuous NAV growth

10

NAV*

In € per share

(*) Adjusted for bonus share allocations and 2016 exceptional dividend

H1 2016 RESULTS

+13% +15%

CAGR

Ordinary dividend included

5,074 4,889

-425

519 67

-16

65 8 0

18 13

-13

150 34

-356

-249

Change in NAV

11

Disposals & dividends

Change in value

Acquisitions

Cash & other

+€171m +€31m +€57m +€161m

NAV Dec. 31, 2015

NAV June 30, 2016

In €m

H1 2016 RESULTS

Dividend & share

buy-back

H1 2016

A CONTINUING DYNAMIC MOMENTUM & ACTIVE TRANSFORMATION

2

H1 2016 RESULTS 12

€519m(1)

€65m

€18m(2)

€150m

Acquisitions across all divisions

13

Total investments: €752m

C L O S I N G D A T E

March 2016 May 2016 June 2016 H1 2017E Investment

(1) Not taking into account the investment in the European chocolate & confectionery brands, to be closed in H1 2017 (2) Equivalent to the $20m

8 investments closed or announced since the begining of 2016

H1 2016 RESULTS

Health awareness

Digital world

New investments in our priority sectors

H1 2016 RESULTS 14

Market characteristics

Company characteristics • Internationalization • Emerging markets • Build-up

• Attractive iconic brands • Great reputation

• Ramp-up of new campuses • Build-up

• Access to health • Customer driven • Strong barriers to entry • The growth of Y generation • Niche market

• Shortage of supply

Education

Engagement in a new sector

Brands

Demography & globalization

MEGA-TRENDS:

Consolidation of existing sectors

Digital Services Brands/

Consumer Goods Healthcare

Market Drivers • Growing middle-class in emerging markets

• Increasing demand for cosmetics

• Innovation • Marketing

• Globalization • Digitization • Market place penetration

• Internationalization of education

• Ground-breaking business model • Tech-enabled innovation

In-depth transformation of Foncia

15

• Stable & strong & simplified management team • Improved mobility and training • Redefined compensation to align objectives

• Monitoring of clients’ satisfaction • Reinforced commercial organization

• Enlarged services range • Increased international

exposure • Broadened client base

from individual to corporate

• Creating scale effect on purchases as a differentiating factor: savings passed on clients (gas, elevator, electricity)

• Pricing strategy implementation

NETWORK • Reduced number of agencies • Cost efficiency through shared service center

DIGITAL INITIATIVES • Direct and interactive dialogue with clients • Dematerialization of processes & documents • On-line payment

EXTERNAL GROWTH

HUMAN RESOURCES

OPERATIONAL EFFICIENCY INNOVATION

CLIENTS

H1 2016 RESULTS

Positive organic growth of dwellings managed in Joint Property achieved since 2014 vs (2.5)% at acquisition (« Cap-zero » objective reached)

74 acquisitions completed since 2011* with a total of c. €202m revenues acquired

Turnover down to 18% (vs. 21% in 2011)

Over €10m operational costs improvement since 2011

(*) Including acquisitions closed or signed as of June 2016

Gas invoicing reduced by c. -34% on average over 2014-16

Foncia: Successful value creation

H1 2016 RESULTS 16

86 90 103

125 132 137

0

20

40

60

80

100

120

140

160

2011 PF 2012 2013 2014 2015 2016 LTM*

585 565 595 641 696 719

2011 PF 2012 2013 2014 2015 2016 LTM*

+4.7%

CAGR Revenues (€m)

+10.9%

CAGR EBITDA (€m)

EBITDA Margin 14.7% 16.0% 17.2% 19.5% 18.9% 19.0%

(*) LTM as of June 30, 2016 (**) Excluding refinancing impact (***) From July 2011 to July 2016

Net proceeds

€467m

Multiple

2.4x

NAV appreciation** (during Eurazeo’s holding period)***

70%

29% 1% Organic growth

contribution Multiple growth contribution

+430 bps

Others

Building new groups

17

• Renovation/refurbishment

• Investment in actual and new campuses

• Investment in innovation & marketing

Reference Partner

Transformation

Platform

Carve-out: Building new corporate structures

• Moving from the periphery of a large group to a “Core” asset • Separating shared services from its parent organization to build at all levels:

Governance, Legal, Accounting, Tax, HR, IT, Employee empowerment • Strong commitment of Corporate teams at Eurazeo

H1 2016 RESULTS

• Extending current portfolio to other hotels

• Extending current portfolio to other schools

• Extending current portfolio to other brands

USA

development

Europe

Eurazeo Capital: a very active dealflow

H1 2016 RESULTS 18

Targeted sourcing in a deep pool of opportunities

At the core of the European dealflow

8 investments announced since Jan.1, 2016

Dealflow: • Actively looking at

9 investment oportunities

New York Office: • 6-7 investors • Mix of skills, cultures and seniority

Dealflow: • Equity investments between

$100m and $500m • North American growth-oriented

buyouts with an international angle

H1 2016

EURAZEO FOCUSING ON VALUE CREATION AT ALL STAGES

3

19 H1 2016 RESULTS

Eurazeo has stepped up the momentum of asset rotation

20

1%

13%

30%

11%

25%

17%

16%

5%

3%

13%

14%

15%

2011

2012

2013

2014

2015

2016 YTD*

Exits Investments

Total investments in 2016 YTD €752m**

Asset Rotation in % of NAVn-1, since 2011

Net proceeds in 2016 YTD* €861m

(*) As of July 27, 2016

2016 YTD*: Strong investment

and disposal momentum

(**) Not taking into account the European chocolate & confectionery brands

2016 YTD*

H1 2016 RESULTS

Market recognition of our transformation work

H1 2016 RESULTS 21

237 394

197

467

861

434

2.0x

Cost base of the stakes sold Net proceeds 2016 YTD

(*) Disposal to be closed by Sept. 30, 2016

2.4x

1.7x

In €m

CoC multiple

*

22

Conservative NAV

15

22

8

11 11

16

+98%

+55%

+44%

+26%

+47%

+52%

Last NAV before disposal Net proceeds from disposals

B&B Hotels

Sept. 2010

Mors Smitt

June 2012

The Flexitallic Group

July 2013

Moncler

Dec. 2013

IMV Technologies

Dec. 2014

Gault & Frémont

Dec. 2014

Cap Vert Finance

July 2015

979

240

50

32

+55%

Elis

February 2015

Europcar

June 2015

NAV as of December 31, 2015

359

963

+11%

541

+15% 621

541

NAV as of December 31, 2013

707

496

125

709

270

495 145

115

184

121

NAV (in€m)

Companies

Exit date

1,066

+40%

Foncia

July 2016*

H1 2016 RESULTS

467

334

(*) Closing expected in September 2016

A well-balanced portfolio in terms of transformation

23

End of transformation

process Recent investments

DEAL FLOW EXIT

III

II I IV

End of transformation

process

DEAL FLOW EXIT Recent investments

Stage III

Stage I

Stage II

Stage IV

Specific and structuring transformation process

Integration

Beginning transformation process

Activation of Eurazeo’s transformation levers

End of Eurazeo’s transformation process ; ready for a new stage of development

* Foncia not taken into account

2014: Transformation process 2016: Transformation process*

NAV BREAKDOWN BY STAGE OF MATURITY In %

H1 2016 RESULTS

III

I

II

IV

2008 H1 2016

11 33*

Eurazeo: focus on value creation

H1 2016 RESULTS 24

# Portfolio companies

Investment divisions

# Headcount

# Investment professionals

Eurazeo A strategy focusing on high growth and low risk

Team A lean structure

1

50

20

4

93

35

Capture new business opportunities

Strong commitment of the Corporate team

Highly qualified / Senior at all stages

* Excluding the European chocolate and confectionery brands

More diversified, less risky

NAV (€m) 2,941 4,889

H1 2016

CONCLUSION

H1 2016 RESULTS 25

Comparison with CAC40 over the period of June 30, 2012 – June 30, 2016

Deliver attractive returns to shareholders

H1 2016 RESULTS 26

Decreasing Beta on par with the market(1) Consistently outperforming indices(1)

Over the past c. 14 years(2):

TSR CAGR

Eurazeo +213% +8%

CAC 40 +74% +4%

(1) Source: Bloomberg (2) Between July 1st, 2002 and June 30, 2016

0,6

0,7

0,8

0,9

1

1,1

1,2

1,3

1,4

1,5

06/2012 06/2013 06/2014 06/2015 06/2016

Deliver attractive returns to shareholders

27

1,925

3,847

1,922

2,389 2,389

June 30, 2002 Increase in market cap up toJune 30, 2016*

Shareholders' return June 30, 2016

1,925

6,236

Share price: €53.50

In €m

(1) Including capital increases. Source: Bloomberg

Active share buyback policy and regular dividend distribution:

(Ordinary dividend, Special dividend &

Share buyback)

Eurazeo has returned to its shareholders more than its initial market capitalization since June 30, 2002

Total Shareholder Value

Distribution to shareholders

Market cap

H1 2016 RESULTS

H1 2016

APPENDICES

H1 2016 RESULTS 28

Including Group companies’ detailed information

FINANCIAL APPENDICES

GROUP COMPANIES’ DETAILED INFORMATION

OTHER

30

32

71

29 H1 2016 RESULTS

Net Asset Value as of June 30, 2016

30 H1 2016 RESULTS

(*) Net allocated of debt (1)AccorHotels shares held indirectly through Colyzeo funds are included on the line for these funds. (2)Eurazeo investments in Eurazeo Partners are included on the Eurazeo Partners line. (3)The % interest is equal to Eurazeo’s direct interest, with any interest held through Eurazeo Partners now included on the Eurazeo Partners line.

% held (3) Nb shares Share price NAV as of June 30, 2016 with ANF at its NAV

€ En M€ ANF @ 26.2 € Eurazeo Capital Listed (2) 1,417.8

Europcar 42.22% 60,545,838 8.89 538.2 Elis 14.22% 16,217,087 16.25 263.5 Elis debt -126.4 Elis net* 137.1 Moncler 12.95% 32,363,814 14.80 479.0 AccorHotels 4.42% 10,510,003 37.24 391.4 AccorHotels net debt -128.0 AccorHotels net* (1) 263.4

Eurazeo Capital Unlisted (2) 1,877.9 Eurazeo Croissance 220.3 Eurazeo PME 340,8 Eurazeo Patrimoine 492.5 529.3

ANF Immobilier 50.48% 9,596,267 22.32 214.1 250.9

Other 278.3 Other securities 78.1

Eurazeo Partners(2) 34.7 Other (1) 43.5

Cash 439.3 Tax on unrealized capital gains -63.1 -73.5 Treasury shares 3.31% 2,382,316 85.4 Total value of assets after tax 4,889.1 4,915.5 NAV per share 68.1 68.4 Number of shares 71,825,537 71,825,537

Strong cash position

31

CASH POSITION In €m

1,038

439

411 26

-159 -89

-752 -36

341**

31/12/2015 Net disposals Dividendsreceived &

Other*

Dividends paid Sharesrepurchased

Investments Other 30/06/2016proforma

(*) Mostly related to Eurazeo PME syndication (**) Net proceeds of Foncia (closing expected in September 2016) and Elis debt reimbursement

780

H1 2016 RESULTS

GROUP COMPANIES’ DETAILED INFORMATION

32 H1 2016 RESULTS

1

DETAILED INFORMATION ON

H1 2016 RESULTS 33

3.7%* ECONOMIC INTEREST

In €m H1 2016 H1 2015 PF PF Reported

change Comparable

change

Revenue 2,598 2,726 -4.7% +2.0%

EBITDAR

% margin 763

29.4% 837

30.7% -8.8% n/a

EBIT

% margin 239 9.2%

263 9.6% -9.1% -4.0%

Net debt 511 118

H1 2016 results reflect a contrasted business environment Solid revenue growth in H1: €2,598m, up 2.0% L/L Record room growth expansion expected for 2016, with new flagships in key gateways Net debt position reflecting ambitious acquisition policy €2.3bn cash, €511m net debt

(acquisitions partly offset by disposals: €206m cash-in from Huazhu and Grape Hospitality)

FRHI to be consolidated in H2 Full-Year 2016 EBIT: €660m - €720m to be fine-tuned in October

EQUITY METHOD 4.3% through LH19

(*) Post Shareholder Meeting as of July 12, 2016 H1 2016 RESULTS 34

1st Half 2016 Highlights A rich semester for AccorHotels Extensive integration process of FRHI: transaction closed at the AGM on July 12th,

with 98% of approval from shareholders

Strong entry in the Upscale Private Home rental business: acquisition of onefinestay - minority stakes in Square Break & Oasis Collections

Sustainable performance for HotelServices €6.3bn in gross volume up 5% vs. H1 2015

A record semester for organic growth: 110 hotels and 19,366 rooms added (vs. 15,014 rooms in H1 2015)

Fast recruitment of 1,600 independent hotels added to the Marketplace

Successful deployment of the digital plan

Continued progress for HotelInvest Continued growth in EBIT margin to 6.6% (+100 bps vs. H1 2015)

Creation of Grape Hospitality in Partnership with Eurazeo

Preliminary work to turn HotelInvest into a subsidiary

H1 2016 RESULTS 35

79.4% ECONOMIC INTEREST

FULLY CONSOLIDATED

Extremely robust growth at +40% Supported both by organic (+17%) and M&A (+23%) Organic sales driven by all categories and geographies International representing 70% of topline in H1-16 with North America over 30%

Non structural slowdown in margin in H1-16 EBITDA margin decreased by 140bp between H1-15 & H1-16 Negative impact of discontinued activities, expected to be abandoned in 2017 (non-core products) Ramp-up of team reinforcement to support further development

(*) Post refinancing of Eurazeo Shareholder Loans

In €m H1 2016 H1 2015 Reported change

Comparable change

Revenue 144.5 103.3 +40% +17%

EBITDA

% margin

18.2

12.6%

13.7

13.3%

+33% +7%

Net debt 153.6* 93.1 +65% n.m.

H1 2016 RESULTS 36

H1 2016 highlights Successful refinancing

CHANGE IN BUSINESS PROFILE justifying a new financing structure i.e. larger, more structured and more diversified asset

CORPORATE REFINANCING with a pool of 11 French & international banks willing to further support Asmodee’s development worldwide

ATTRACTIVE PRICING between 2.75% and 3.00% depending on tranches, well below former Unitranche financing at 7.15%

FLEXIBILITY still critical with i) limited covenant (leverage) and ii) significant undrawn facilities for both liquidity and acquisitions with €100m available

Further developments ongoing

M&A: Asmodee announced exclusive discussions with F2Z owners for the acquisition of this tier-1 publisher and distributor. Most prominent published title : worldwide best-seller Pandemic

DIGITAL: Several developments ongoing with third parties publishers as well as internal IP, leveraging on recent strengthening of Asmodee digital team

NORTH AMERICAN INTEGRATION: Strong growth potential in the United States justifying further reinforcement in the structure, to integrate recent M&A and get ready for next phase

H1 2016 RESULTS 37


EQUITY METHOD


Revenue 418.1 451.9 -7.5%

EBITDA % margin

71.4 17.1%

92.3 20.4%

-22.6% -3.3pt

Net cash 317.7 225.7 +40.8%

Sales down by -7,5% in the first half 2016

Second quarter is down 2,8%, thanks to first actions to increase conversion rate of customers

Negative performance across main historical countries in the first half of the year

Implementation of the store network rationalization plan

EBITDA is down by -22.6% mainly as a consequence of the sales’ drop

Net cash position increasing by €92m yoy to €317,7m

H1 2016 RESULTS 38

1st Half 2016 Highlights

Revenue down by 7.5% in the first semester due to reduced traffic in the main countries Impact of the store network rationalization weighing on sales Slight improvement in the second quarter across main channels including digital

EBITDA is negatively impacted by sales’ reduction and the effect of a stronger USD Most raw materials and products are bought in USD Currency hedge is set a year in advance. Last year purchases were covered at 2014

exchange rate, while current year is affected by the realignment of USD and euro in 2015.

Sound financial position €317.7m net cash position Positive cash flow generation compared to last year of c. €92m yoy

The implementation of actions decided during the strategic review continues

H1 2016 RESULTS 39


EQUITY METHOD


Revenue 730 682 +7.0%

EBITDA % margin

216 29.6%

205 30.0%

+5.6%

EBIT

% margin 93

12.7% 88

12.9% +5.5%

Net debt 1,506 1,405

Robust revenue growth of +7.0% in H1 2016 to €730 million +3.1% ORGANIC GROWTH FRANCE: +1.3% organic growth, driven by commercial dynamism within a challenging economic

environment INCREASING MARKET SHARES IN EUROPE thanks to solid organic growth (+6%, of which +10% in Southern

Europe) and M&A especially in Northern Europe LATIN AMERICA: +33% revenue growth, boosted by external growth in Brazil and Chili (Albia being

consolidated since October 2015) as well as strong organic performance (+12% in Brazil)

EBITDA up +5.6%, in line with expectations Increase in margin in Europe (+71bps) and Latin America (+176bps) Slight margin erosion in France at -27bps, as anticipated

H1 2016 RESULTS 40

1st Half 2016 Highlights Pursued M&A dynamism CONSOLIDATION OF PLATFORMS since the beginning of the year in EUROPE and LATIN AMERICA

• Two significant acquisitions in Germany and Brazil • Another major acquisition finalized in July in Switzerland

SUCCESSFUL INTEGRATION OF THE CHILEAN SUBSIDIARY

Strong commercial activity in all geographies FRANCE: Strong commercial dynamism in Services and roll-over of large contracts, especially

in Healthcare and Hospitality, supporting organic growth despite current economic environment EUROPE: Very robust commercial trends, driven by Southern Europe and in particular Spain

in each industry end market LATIN AMERICA: Gain of new contracts in Brazil with large accounts, using Elis rental and

maintenance business model for the first time

2016 outlook confirmed €1.5bn REVENUES with +3% organic growth and +4% external growth EBITDA MARGIN LEVEL IN LINE WITH H1 PERFORMANCE, with -30bps decrease in France

and further margin improvement in Europe and in Latin America

H1 2016 RESULTS 41


EQUITY METHOD

In €m H1 2016

H1 2015 Reported change

Change at Constant

currency *

Revenue 947.9 960.5 -1.3% +0.5%

Adj. Corp. EBITDA

% margin

54.7

5.8%

60.2

6.3%

-9.0%

-7.5%

LTM adj. Corp. EBITDA

% margin

245

11.5%

231

11.2%

Corp. Net debt 200 209

Total revenue amounted to €948 million, up +0.5% at constant exchange rate, mainly driven by a +0.9% growth in rental revenue (€883 million) RENTAL DAYS VOLUME INCREASED BY +3% in H1 2016 vs H1 2015 CONSOLIDATED REVENUE PER RENTAL DAY DECREASED BY -2% at constant currency

Adjusted Corporate EBITDA margin at 5.8% H1 2016 ADJUSTED CORPORATE EBITDA STOOD AT €54.7m (down -7.5% at constant exchange

rate) compared to €60.2 million in H1 2015 Corporate net debt decreased to €200 million, i.e. a 0.8x leverage (based on LTM EBITDA)

(*) UK pound and Australian dollar H1 2016 RESULTS 42


(1) At constant currency and perimeter, excluding petrol impact (2) Based on a 1.20 £/€ exchange rate for H2 2016. The previous guidance provided was based on a 1.42 £/€ exchange rate for the full year 2016 (3) To be paid from 2017 based on 2016

H1 2016 RESULTS 43

Three acquisitions in H1 2016: Locaroise in May 2016: the third French Franchisee Bluemove in June 2016: a mobility tech start-up and car sharing leader in Spain Wanderio (minority investment): a multi modal search and comparison platform

New organization in 5 Business Units to strengthen competitiveness and agility and to accelerate its development BU Cars BU Vans & Trucks BU Low Cost BU Mobility BU International coverage

Revised 2016 FY guidance Slight increase of Revenues on an organic basis (1)

Adjusted Corporate EBITDA above last year €251million (2)

Adjusted Corporate EBITDA Conversion to Corporate Free Cash Flow above 50% Dividend pay out ratio at least 30% of Net Income (3)

Roll out of our ambitious acquisition plan and opportunistic execution of our Share Buy back program


FULLY CONSOLIDATED*

* Consolidated as of January 1st, 2016

In €m H1 2016

H1 2015 Reported change

Comparable change

Revenue 94.5 91.8 +3.0% +4.4%

EBITDA

% margin

14.5

15.4%

13.8

15.0%

+5.2%

Net debt 239

Strong growth in H1 2016 Regular growth in Tax Free Shopping, thanks to a well balanced matrix of tourism flows

and retailers’ performance Improvement in all geographies despite slowdown in France due to current environment Still a solid increase in DCC topline

H1 2016 EBITDA of €14.5 million, up 5% vs H1 2015, with a 15.4% margin

Net debt of €239 million as of 30 June 2016

H1 2016 RESULTS 44

1st Half 2016 Highlights Tax Free Shopping vouchers up 3% in H1 2016 Positive organic growth, mainly fueled by tourists coming from the US, the Middle East, Thailand

and India Strong performance seen in Spain, Germany and Italy A more difficult environment in France since the beginning of the year, due to social climate,

terrorist attacks and an unfavorable retailer mix effect on the average transaction value

Outstanding growth in DCC Fueled by organic growth, especially in the UK and in Latin America… … as well as the gain of new contracts in various geographies

Next steps in Fintrax evolution Several international M&A opportunities under study, both in TFS and in DCC Focus on innovation and digitization, both towards merchants and tourists, in order to provide

a customized offer to retailers and to improve customer experience Upgrade of business organization through a reinforced structure to support long-term

development

H1 2016 RESULTS 45

100%* ECONOMIC INTEREST

H1 2016 RESULTS 46

June 14, 2016: Eurazeo announces the completion of its investment in Glion & Les Roches, with CHF248m equity investment Smooth transition from Laureate ongoing Relocation of HQ functions in Europe Implementation of a new standalone entity benefitting from all necessary resources to ensure

strong development of both institutions

Satisfying financial performance during the first semester Revenue resilience, with revenues amounting to CHF92.8m for the semester, notably on the

back of recently-launched campus development, in a context of relatively stable prices Lack of true comparison basis for the semester as a consequence of the ongoing carve-out

Eurazeo strategy for the Group Reinforcement of management team at HQ level following carve-out Support opening & ramp-up of recently-launched campuses, with Chicago campus for Les

Roches opening in August 2016, and further integrate campuses around the globe to facilitate students’ movements

Invest in Sales & marketing and improve Enrollment organization through additional human & financial resources, roll-out of industry’s best practices and increased proximity with agents

(*) Fully consolidated from July 1, 2016


EQUITY METHOD


Comparable change

Revenue 79 71 +10.3% +10.3%

Strong organic revenue growth in H1 2016

Sustained opening of new cradles (+9.5% compared to H1 2015)

Sustained commercialization rate of newly opened places, with improvements on overall rate of owned and public nurseries

New opening have been particularly strong on the micro-nurseries segment

Hours of care billed to parents growing at a slightly faster pace +10.5% compared to H1 2015

H1 2016 RESULTS 47


LPCR has maintained its strong commercial momentum in the first half of 2016 attracting both: Private enterprises looking to support their employees’ work-life balance As well as local authorities looking for professional management of nurseries offered to citizens

following the public service delegation model (“DSP”)

The group’s private clients in H1 2016 count: The arrival of new partners such as Criteo, BPI France, RTE, Thalès Services and Lazard The renewed confidence of the Ile-de-France prefecture, the Caisse des Dépôts et

Consignations, the city of Courbevoie, the Ambroise Paré Hospoital and the CNRS

The Chaperons et Compagnie keeps growing with today more than a thousand nurseries throughout France

With public institutions, LPCR has won the management of 8 municipal nurseries including: Blagnac, Montigny en Gohelle, 2 nurseries in Boulogne Billancourt, 2 new nurseries for Paris

in the 16th and 11th districts and the outsourcing of the municipal nursery in Yerres

H1 2016 RESULTS 48


EQUITY METHOD

(€m) H1 2016 H1 2015 Change

Net sales 346.5 295.8 +17%

EBITDA Adjusted* 78.3 70.9 +10%

% margin 22.6% 24.0%

Net debt 84.9 175.3 -52%

* Before non-recurring items: include mainly non-cash costs related to stock based compensation plans and, in H1 2015, extraordinary costs related to the Other Brands Division

H1 2016 RESULTS 49

1st Half 2016 Highlights Consolidated revenues: €346.5m, +17% YoY growth reported (+17% constant currencies)

International markets: €292.3m, 84% of total revenues (83% in H1 2015)

Retail Revenues: €245.9m, 71% of total revenues (68% in H1 2015)

Comparable Store Sales Growth: +5%

EBITDA Adjusted*: €78.3m, margin on sales of 22.6% (24.0% in H1 2015)

- €3m net negative impact of rents for stores not yet opened

EBIT Adjusted*: €59.0m, margin on sales of 17.0% (18.2% in H1 2015)

Net Income, Group share: €33.6m, margin on sales of 9.7% (11.5% in H1 2015)

Net Debt: €84.9m vs. € 49.6m as of December 2015 and vs. €175.3m as of June 2015

(*) Before non-recurring items

H1 2016 RESULTS 50

Revenues by Region

52 54

99 106

103 134

43

53

H1 2015 H1 2016

Italy

EMEA

Asia & RoW

Americas

H1 2016

H1 2015 YoY growth Reported Const. curr.

+17% +17%

+23% +20%

+30% +30%

+7% +8%

+5% +5%

296 17%

33% 35%

15%

16%

30% 39%

15%

REVENUES ANALYSIS (in €m)

Positive revenue growth trend continued in the second quarter in all regions Good performance of the domestic market continued European markets showed solid growth driven, in particular, by UK and Germany. Asia showed a good double-digit growth, driven by positive performances

in all markets, in particular Mainland China and Japan Revenues in Americas showed strong performances with double digit growth

in both channels.

347

H1 2016 RESULTS 51

Asia & RoW Italy EMEA

Americas

Revenues by Distribution Channel

Retail Wholesale

H1 2015

H1 2016 94 101

201 246

H1 2015 H1 2016

296

Wholesale

Retail

YoY growth Reported Const. curr.

+17% +17%

+22% +22%

+7% +6%

Both distribution channels registered solid performance Retail revenues continued to show double-digit growth,

supported by organic growth and well performing new openings Sales of comparable DOS (Comp-Store Sales) rose 5% in the first

six months of 2016, with positive performances in all regions Wholesale sales achieved a +6% growth at constant exchange rates, largely

due to the good contribution of the North American and the European markets

32%

68%

29%

71%

347

REVENUES ANALYSIS (in €m)

H1 2016 RESULTS 52


EQUITY METHOD

In €m H1 2016* H1 2015* Reported change

Comparable change

Revenue 768 761 +1.0% +5.6%

EBITDA

% margin

46

5.9%

44

5.8%

+3.5% +8.5%

Net debt 135 41 +229%

(*) Calendar year

Strong organic revenue and EBITDA performance in H1 2016

STRONG GROWTH IN MEXICO both in complete feed and premix as well as in pet food

RETURN TO GROWTH IN ASIA especially in Vietnam

STRONG CONTINUED GROWTH OF ADDITIVES

GOOD PERFORMANCE IN BRAZIL despite difficult economic situation

Offset by difficult market environment in France

H1 2016 RESULTS 53

EBITDA LTM pro forma for 2015–16 acquisitions: €101m


Recent acquisitions have known a strong performance, continuing to balance InVivo NSA’s mix across products, geographies and species

Over the last twelve months, strong M&A momentum has amounted to €100m in acquisitions, with 4 companies bought in the 1st semester of 2016: B-TECH: Leading player in the Brazilian feed additives market (c. €20m revenue)

DAAVISION: Additives specialist, adding innovative fatty acids solutions to the current portfolio (c. €12m annual revenue)

AGRINDUSTRIA: Italian analysis laboratories (c. €2.5m annual revenue)

POPULAR FEEDMILL CORPORATION ASSETS: Complete feed manufacturing in the Philippines (c. €60m annual revenue)

H1 2016 RESULTS 54


FULLY CONSOLIDATED

In €m H1 2016

Reported H1 2015

Reported Reported change

Comparable change(1)

Revenue 300.7 309.3 (2.8)% (9.3)%

EBITDA

% margin

45.8*

15.2%

37.9

12.2%

+20.8% (1)%

Net debt 411 n.m(2) n.m

Resilient volumes and profitability in tough market environment Sustained market demand and volumes on most products Lower revenue vs. H1 2015 mostly driven by lower crude oil prices Competitive tensions in PAP market affecting the Pharma & Cosmetics division Increased EBITDA vs. H1 2015 thanks to Uetikon acquisition in 2015. EBITDA margin improved by

170bps

4.5x leverage

(1) At constant perimeter and FX (2) Debt financing package pre Eurazeo acquisition

(*) Restated from €1.5m negative impact at French strikes on EBITDA

H1 2016 RESULTS 55


June 23, 2016: Eurazeo announces the completion of its investment in Novacap, with €160m equity investment

Our ambition for Novacap in the future

Accelerate the group’s growth by bolstering its position in 5 resilient and growing target markets (pharma & healthcare, cosmetics & fragrances, food & feed, home care and environment)

Continue to develop high added-value specialty products such as APIs, sodium bicarbonate or oxygenated solvents

Further expand the company’s international coverage, both industrially and commercially

Leverage of 4.5x: €435m Term Loan B with a 7-year maturity and a 5.00% coupon

Start of the construction of a greenfield Sodium Bicarbonate production unit in Singapore which is expected to be operational in Q2 2017

H1 2016 RESULTS 56


In €m H1 2016 H1 2015** Change

Total net revenue** 28.1 36.7 -23.3%

Operating result**

% margin -0.3 n.m.

4.8 13.0%

N.M.

Group net profit % margin

0.2 0.9%

20.5 55.9%

N.M.

Total customer financial assets* 7,063 8,183 -13.7%

Total equity*** 191 262 -27.1% (*) AuM: Assets under Management. Excluding €446m AuM accounted for as «double counting» in France (€ 399 in H1 2015) (**) Normalized to take into account the extraordinary items, the impact of the organizational measures.

2015 numbers are pro-forma of discontinued activities, to show the same perimeter as 2016 (***) After €55m distribution to the shareholders in 2016

After last year disposal of the advisory business, Banca Leonardo is now a pure player in the Private Banking with operations in Italy, France and Switzerland and €7.1bn AuM* Leading independent private banking in Italy Fast developing player in France

Negative performance in the first half of the year Difficult market conditions affect both AuM evolution and recruitment of bankers A team of private bankers left the company last year and this temporarily generates an AuM outflow

H1 2016 RESULTS 57


6 months revenue down 32% due to slow down in Italy, while France keeps growing

Market conditions and the consequences of the Brexit affected the performance of the AuM

A net loss in the MtM of the investment in the listed company basic net is accounted for as a negative revenue (-€0.6m, which compares to +€1.9m in H1 2015)

The departure of a team of private bankers temporarily reduces the AuM and revenue generated

Revenue in France has been growing mid-single digit in the first half of the year

Asset under management are down to €7bn, due to the departure of a team of private bankers in Italy and to the negative market performance across all geographies

The recruitment of new bankers is ongoing and should allow to fill the gap in the future

€10,1m dividend paid out to Eurazeo (vs €6,1m paid out in H1 2015)

H1 2016 RESULTS 58

2


H1 2016 RESULTS 59

Financials

(€m) H1 2016 H1 2015 PF Like-for-like

change H1 2015 Reported change

Revenue 411.4 362.6 +13.5% 342.5 +20.1%

EBITDA(1)

% margin

53.2

13%

46.5

13% +14.3%

46.3

14%

+14.8%

Net debt

Portfolio leverage(2)

410.6

3.1x

292.6

2.5x

(1) Majority investments (2) Excluding Capital lease debt

H1 2016 RESULTS 60

Portfolio

€341m*

(*) As of June 30, 2016, the total value of the portfolio under management is €502m compare to €414m last year (**) Dessange : Post shareholders loans reimbursement €16m (***) Half-year 2016 acquisitions

As of December 31, 2015 As of June 30, 2016

€284m*

**

***

***

H1 2016 RESULTS 61


0,4

55,5

88,1

43,5

35,5

50,1

138,2

411,4

0,3

55,3

83,1

42,9

31,0

32,1

117,9

362,6

Change in l.f.l. basis (*)

+17%

+56%

+15%

+1%

+14%

+6%

+0%

• NHS closing in May: homecare services for seniors via 12 offices in the Ile-de-France and PACA regions

• Total of 75 facilities: + 28 facilities since the acquisition in Sept. 2014

2015 PF 2016 REVENUE (€m)

Other (*) adjusted for Cap Vert Finance sale and Flash Europe acquisition MKDirect and Orolia will be integrated in the consolidated accounts as at July 1st, 2016

• Acquisition in January 2016 of Coiff’Idis, French leader in professional care products (revenue of €35 million)

• On a like for like basis, sales increase by 1%

• Impact of decrease in Parisian attendance, good performance in the rest of France

• New concept Léon de B. opening in Paris 19ème

• Good performance overall both in France and abroad • Pursuing integration of the Indian subsidiary

• Steady growth in the valuable aftermarket segment • Development of LED products

• Wins of significant contracts

H1 2016 RESULTS 62

3


H1 2016 RESULTS 63


• Strong activity with c.30% y-o-y sales growth and over 100% growth in bookings

• Acceleration in China through successful roll out JV operations with Wanma

• Launch of a new division investing in O&G discovery leveraging I Pulse technology: first investment of $10m made in June

• Slight improvement in O&G services with the increase in crude prices

• Promising discoveries in the mining sector

• New name and brand identity

• Opening of the Italian office with strong performance in the 1st months

• Strong emphasis placed on innovation and service quality

• Solid performance of newly opened countries such as the US and Germany

• Key hires in editorial and marketing team

• Improvement of user experience on web and mobile

• Solid growth in H1, notably thanks to new large customer accounts

• Ongoing ramp up of activity in the US, UK and Germany

• Continued development of solar power plants in France

• Ongoing construction of 1st solar power plant in Puerto Rico (26 MWc)

• Connection and start of production of first biogas plant

• Strong growth in H1, in particular in Asia

• Successful launch of first monobrand e-commerce platform with Manolo Blahnik

H1 2016 RESULTS 64

4


H1 2016 RESULTS 65


ANF Immobilier Strong growth of rental income (+11%) and Recurring Net Income group share (+15%),

fueled by deliveries and strong performance of core business Comprehensive strategic plan implemented in Marseille to counter decline in NAV resulting

from decreasing retail sales

CIFA Occupancy, cash flow generation and deleveraging in line with expectations over the first year Launch of an online market place in June 2016, available to CIFA and other wholesalers On-going development of a c. 3,000 sqm extension program

Grape Hospitality Acquisition of a portfolio of 85 hotels from AccorHotels closed on June 30, 2016 Asset value of €504m, equity investment for Eurazeo Patrimoine of €150m for 70% of the capital Pre closing S1 2016 performance comforting established business plan

H1 2016 RESULTS 66


H1 Rents increase through high frequency of project deliveries H1 2016 rents +11% increase compared with H1 2015 and stable on a like-for-like scope Confirmed guidance: a FY 2016 EPRA Recurring Net Income, Group share increase of +10% €162 million commercial real estate projects successfully delivered since end-june 2015

A strong focus on recurring cash flows H1 2016 recurring EBITDA +12% increase compared with H1 2015 Recurring Cash Flow of €10.4 million at end-june 2016

Asset rotation generating significant positive yield spread between new investments and disposals H1 effective asset rotation: €45 million commercial real estate projects delivered featuring yields

above 7% compared with €21 million heritage mostly vacant assets disposed €97 million Bordeaux flagship project launched in partnership with Foncière des Régions Asset value of €1.08 billion, pipeline of €152 million to be delivered by 2018/2019,

additional 10,500 sqm land banks to fuel further growth at end-june 2016

Triple Net NAV decreased by 4% compared to H1 2015 mainly due to retail assets in Marseille (local temporary oversupply and decreasing turnovers in France regarding ground floor retail premises) and financial instruments fair value change

Payment of a €1.24 dividend per share, up 13% from H1 2015 due to FY 2015 disposals and French REIT regulatory requirements

H1 2016 RESULTS 67

Financials IFRS (in €m) H1 2016 Reported Change H1 2015 Reported

Gross Rental Income 25.8 +11% 23.2

EBITDA 16.8 14.9

% margin 65% 64%

Recurring EBITDA 17.6 +12% 16.3

% margin 68% 70%

Recurring cash flow 10.4 +12% 9.3

RCF per share 0.6 0.5

(In €m) H1 2016 Reported H1 2015 Reported

Real Estate portfolio 1,082 -7% 1,165

Net Debt 492 531

NAV per share 27.4 29.2

Triple Net NAV 26.2 27.9

LTV 45.5% +50bps 45.0%

H1 2016 RESULTS 68

CIFA

Perspectives / Valuation Banks Real estate leasing

Wholesalers

Rents

100%

Seller

€227m asset value

7.2% net acquisition yield (ie NOI / EV)

85% leverage on cost with a 12 year loan

Eurazeo Patrimoine: €26.5m investment, for a 78% ownership

RoE before debt amortization of 30%

Revenues H1 2016: €9.1m Rental income H1 2016: €7.6m

Key financial data

Stable, defensive and resilient cash flow stream, allowing for an efficient financial operation

Strategic location in the heart of the wholesale district of Aubervilliers

High quality, modern building compared to the surrounding wholesale centres

Leading and internationally recognized site, with a unique and differentiated positioning

CIFA* key advantages

Solid rental income is warranted by: – prime asset situation within its sector – high tenant captivity – low deficiency rate (unpaid rents)

Yet low rental growth is forecast due to the almost full occupancy rate of the building and projected low indexation rate

Valuation as of June 30, 2016 (performed by CBRE) is higher than acquisition value (+12.4%) and end of last year valuation (+3.2%), change is mainly driven by yield compression across markets

(*) CIFA: Centre International France Asie

H1 2016 RESULTS 69

Grape Hospitality Acquisition of a significant pan European portfolio of 85 budget and

mid-range hotels, most of which located in France (69 % of revenues) and in major European cities – Proprietary transaction negotiated off market with Accor, which

holds a 30% stake of the capital*

Hotels grouped within a newly created platform, dedicated to the hotel business, and headed by a team of experienced professionals

Main axes for significant value creation: – Strategic repositioning and performance improvement – Switch from a model where misalignment of interests between

owners of freeholds and leaseholds has led to significant under-investment, to an integrated model

– Massive capex plan and productivity enhancement – Dynamic asset and hotel management led by a light non-

AccorHotels structure – Market risk mitigation thanks to geographical and product diversity

across the portfolio – Hotels under various AccorHotels brands (franchise contracts)

Acquisition of 57 hotels freehold from Foncière des Murs, Axa and Invesco, alongside with all the leaseholds and 28 of the freeholds from AccorHotels

Opportunity to further develop the portfolio, through other acquisitions

Mapping of the hotels

Hotels 85

Rooms upscale midscale budget

9,125 1.1%

45.9% 53.0%

Total revenues (€m) 215.6

Normative EBITDA (€m) % margin

44.5 20.8%

Financial data for 2015

61 hotels

9 hotels 2 hotels

3 hotels

4 hotels

1 hotel 4 hotels

1 hotel

*Subject to a subsequent syndication

H1 2016 RESULTS 70

OTHER

H1 2016 RESULTS 71

A long-term shareholder base and a strong corporate governance

72

Crédit Agricole(2) 14.9%

Sofina 5.4%

Concert(1)

17.0%

Joliette Matériel 2.2%

(1) Concert as of June 30, 2016 (2) Including 8,19% of capital related to exchangeable bonds (3) 3.3% 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 June 30, 2016(1)

A STRONG CORPORATE GOVERNANCE

Free float(3)

60.5%

H1 2016 RESULTS

November 18, 2016 Eurazeo Investor Day

November 10, 2016 3rd Quarter 2016 Revenues

Financial Agenda

73 H1 2016 RESULTS

About us

74

Investor Relations Caroline Cohen

• [email protected] + 33 (0)1 44 15 16 76

Communication Sandra Cadiou • [email protected] + 33 (0)1 44 15 80 26

• ISIN code: FR0000121121 • Bloomberg/Reuters: RF FP, Eura.pa • Indices: SBF120, DJ EURO STOXX, DJ STOXX

EUROPE 600, MSCI, NEXT 150, LPX Europe, CAC MID&SMALL, CAC FINANCIALS

• 71,908,807 shares in circulation • Statutory threshold declarations 1%

• HSBC Pierre Bosset

• JP Morgan Cazenove Christopher Brown

• Kepler Cheuvreux David Cerdan

• Natixis Céline Chérubin

• Oddo Christophe Chaput

• SG Patrick Jousseaume

www.eurazeo.com

EURAZEO CONTACTS RESEARCH ON EURAZEO

EURAZEO SHARES

H1 2016 RESULTS

A SOLID FIRST HALF 2016 3...Exits Investments Total investments in 2016 YTD €752m** Asset Rotation...

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