Bond Investors Presentation

Free cash flow evolution (in € million) 367 +90 +130 Bond investors presentation June 2015 +10 +40 +60 -85 -15 -50 -22 500 to 550 FCF 2014 Bull synergies Operating margin improvement Xerox ITO FCF Provisions on project Change in working capital Restruct, Ratio, & Integration Tax paid Stock options exercise Others FCF 2016 Your business technologists. Powering progress 31 Atos

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