Investor Day Presentation

INVESTOR DAY - H hachette LIVRE PRESENTATION DIGITAL REMAINS MARGINAL IN EDUCATION TO DATE Lagardère PUBLISHING Hachette Livre has successfully concentrated its investment and strategic focus on organic development when other players (Vivendi,...) did proceed to very expensive build up of digital acquisitions In European countries, the pace of penetration of digital depends on: - - The funding of equipment in classes and broadband infrastructure in schools The training and use of technology by teachers: today's teaching methodologies are based on print content in a context of tight budget availability and high conservatism Therefore, the weight of digital within education activities remains marginal in the countries in which Hachette Livre operates (UK, France and Spain observing similar trends as France) Share of digital within Education sales Share of digital within Education sales 4,8% 2012 3.0% 2013 0,2% 0,2% 2012 2013 Note: UK figures include revenues from Dynamic Learning and ebook sales; figures for France includes educational ebooks and apps Source: Hachette Livre data 28

View entire presentation