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Investor Day Presentation

hachette PRESENTATION INVESTOR DAY - HIG CONTEXT: TRADE EBOOK PENETRATION IS ABOUT TO STABILIZE AT 25%-35% IN THE USA AND LIKELY TO REACH 35% IN THE UK Lagardère Ebooks share of total sales in the USA should continue to increase but at a lower pace to stabilize between 25-35% by 2017 UK market will follow the US market trend with ebook share reaching-35% of 2017 total market PUBLISHING In France, despite a protracted take-off, ebooks will account for 10-15% of Trade market with Hachette Livre leading eBook Trade market growth scenario (% total Trade market in value) 40% 35% 30% 22% 25% 20% 15% 10% 1-2% 5% 0% 25%-35% 10%-15% 2007 2008 2009 2010 2011 2012 2013f 2014f 2015f 2016f 2017f Sources: The Publishers Association; Bookstats; SNE; Hachette Livre estimates 35
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