Investor Day Presentation

INVESTOR DAY - H hachette LIVRE PRESENTATION STRATEGIC PRIORITIES (1/3): STRENGTHEN SUCCESSFUL BUSINESS MODEL Stand by our economic business model in which value is preserved: - - - Promote interoperability through unique format & DRM Retain control over ebook pricing Support sales in bookstores Be vigilant on intellectual property and protect author rights Lagardère PUBLISHING Complete the construction of digital infrastructures: Digital Asset Delivery, Sales Scan,... Pursue innovation policy (services to authors, R&D) in order to maintain leadership in digital landscape Applications Social network dedicated to books Enriched trade ebooks and illustrated books Asteri Aster-Pete's LE GLIDE HACHETTE DES VINS 2013 LE COURS DE CUBED L'ATELIER DES CHEFS Video Gain scale to successfully ensure a profitable digital transition: - Keep pace on digital development: economies of scale in R&D and infrastructure costs will represent a tangible competitive advantage Maintain bargaining power in commercial negotiations with retailers 36

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