Investor Day Presentation

INVESTOR DAY H hachette - LIVRE PRESENTATION IN FRANCE, ITS HOME TURF, HACHETTE LIVRE IS THE #1 PUBLISHING PLAYER France** CONTRIBUTION TO 2013 GLOBAL SALES* (€ 2,066m) 37% 3 BUSINESSES IN FRANCE 2013 ranking and market Focus on France TRADE EDUCATION 20.5% # 1 Lagardère PUBLISHING SPLIT OF 2013 SALES BY BUSINESS Distribution 25% 50% 25% Trade Education DISTRIBUTION 45% 33% *** # 1 # 1 Primary ÉDUCATION Hhachette Hatier Hhachette LIVRE DISTRIBUTION share in value Main segments of presence and examples of imprints Fiction & Non Fiction Stock JC Lattès calmann-lévy fayard Grasset 00 ⚫ Illustrated & Children ⚫ MARABOUT • Secondary MFOUCHER didier Owned imprints Third-party clients (40%) 16 DUNOD Academic & Professional Albin Michel DELCOURT DALLOZ ARMAND COLIN Key business factors LES EDITIONS ALBERT Pika chêne hachette RENÉ EDITION Reference LAROUSSE High level of production From "boutique" to mass market Exceptional brands Outstanding performances in 2013 (Fiction bestsellers, new album of Asterix, Violetta) 75% backlist Dependant on curriculum change (none in 2013/2015) High margins associated with high market shares *Sales by country of origin ** Including other French-speaking countries ***Distribution in Trade (internal estimates for print market) Sources: Ipsos (physical sales only), Education group of Syndicat National de l'Edition, internal estimates Working capital negative Extremely resilient 4

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