2013

337,8M€+21% vs 2012

2013

Gross Margin17,6%

+21% vs 2012

2013

Ebitda4,9%

+21% vs 2012

2013

2012 to 2013 budget

Growth 2013 vs 2012

2012 to 2013 budget

Growth 2013 vs 2012

Split per country

The future..

Why and how Exclusive can sustain

a 20% CAGR Organic Growth

on long term?

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2011-16CARG (%)

FIREWALL 2,198.2 2,170.1 2,191.4 2,290.0 2,355.6 2,390.1 2,420.2 2,425.2 2,415.2 2,390.2 0.3

UTM 1,290.1 1,502.1 1,594.0 1,905.5 2,237.6 2,568.0 2,944.6 3,357.4 3,803.5 4,316.6 14

IDP 1,615.0 1,903.1 1,696.8 1,800.7 1,882.0 1,960.4 2,078.7 2,202.6 2,333.7 2,473.7 5.6

VPN 1,050.3 1,119.1 1,092.2 994.0 940.8 945.1 948.3 950.1 951.2 951.4 0.2

Total 6,153.6 6,694.5 6,574.4 6,990.2 7,416.0 7,863.6 8,391.9 8,935.3 9,503.6 10,131.9 6.4

Worldwide Network Security Revenue By Function 2007-2016 ($M)

Source: IDC, June 2012

Our vendors outperform the market

N°2

N°4

N°5

N°37

Our vendors outperform the market

We are still young!

Potential

In a perfect World…

20% CAGR organic growth on long term is achievable!

But it’s not enough!

We will launch an agressive acquisition

program

Investor Validation

• Investor checklist very near SuperVAD vision• Worlds Leading Investment Bank on Exclusive

Networks – Market Opportunity – Critical Scale – Business Focus & Expertise – Competitive Position – Strong Management Team – Established Client Base – Significant Long Term Prospects – Financial Performance

Acquisition strategy

• Western Europe: Denmark• EMEA: Middle East, South Africa,

Turkey…Geographical

• Reach in some countries critical size faster

• Portfolio consolidationConsolidation

• Datacenter & Storage• Mobility• Unified Communication

New market

Acquisition strategy

• New Funding (50 to 60M€)– New equity from investors– New acquisition debt from banks

• Ability to acquire:– 100M€ turnover in 2013– 100M€ turnover in 2014

• Up to 3 acquisition per year

5 years strategy

20% organic growth

Acquisition in 2017

Market

•CAGR 2012/2016 : 7,6% •Strong drivers: New vulnerabilities/Mobility / Datacenter

Portfolio

•New vendors•Extension of existing vendors•Vendors that outperform the market

Improveme

nt

•Strong growth in new countries•High potential countries•Quality of execution everywhere

Geographic

al

•Western Europe: Denmark•EMEA: Middle East, South Africa, Turkey…

Consolidat

ion

• Reach in some countries critical size faster

• Portfolio consolidation

New mark

et

• Datacenter or Storage• Mobility• Unified Communication

1B€

Road to the Billion…

Summary – The Planets are Aligned. . . .

• Ahead of Market Growth • Taking Market Share • Independent Validation of our PLAN • Great People • Strong Mngt team • Great Presence • . . .Great Exclusive Networks Experience

Are you ready For the Euro-

Billion €?Because . . . . .

The Opportunity

It’s RIGHT Here. . . .Right NOW!

1B€1B€

Thank You