INVESTOR SUPPORT PARIS, 2015

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INVESTOR SUPPORT PARIS, 2015

ROLAND BERGER S INVESTOR SUPPORT EXPERTISE In order to make the right investment decisions, you require a partner who identifies the right targets and provides comprehensive and holistic commercial due support. Prior to and upon successful acquisitions, we can put you on course for increasing value within the first 100 days or launching a performance improvement program. Eventually, we will help you to prepare a successful exit from your investment. Whether companies are bought or divested, Roland Berger Strategy Consultants offers comprehensive commercial advice for the entire investment cycle. We support you during target assessments as part of your due. Our service offering comprises commercial, operational and re-financing due and covers all industries together with our industry competence centers. We also provide restructuring due for underperforming companies together with our restructuring experts. The difference between success and failure of an investment is often determined during the initial 100 days after an acquisition. This applies to employee commitment and the attitude of top management. Prior to and upon the transaction, our 100-day programs outline action plans and show how to organize and monitor the key initiatives. Growth strategies as well as performance improvement programs support the portfolio company during the holding period. Our strategic reviews and optimization tools are targeted to prepare and fine-tune your intended exits. Roland Berger's vendor commercial due support provides a comprehensive view of a company's attractiveness to potential investors. In short, regardless of the phase of the investment, Roland Berger Strategy Consultants helps you to maximize the value of your portfolio. Olivier de Panafieu Senior Partner / Global Head Investor Support Benjamin Entraygues Senior Partner 2

Investor Support team in Paris The complexity of transactions has increased in recent years due to scarcity of high quality assets, increasing competition for these assets, and uncertain market environment. This has generated growing requirements from investors in terms of strategic assessment of the Targets. Roland Berger is leader on due (Buy-side & Sell-side) on mid and large cap deals (>EUR 200 m valuation), serving major investors and collaborating with investment banks. The firm has provided consultancy services on 43 closed deals over the single year 2014 and was nominated M&A Consultancy Firm of the Year 2014. In Paris, the firm has developed for over 10 years a cumulated experience of 500+ projects for investors, covering all business segments. Our customers are investors including private equity funds specialized in LBOs, infrastructure funds, sovereign wealth funds and also corporate clients. The Investor Support team in Paris comprises a team of 20 dedicated people and leverages a pool of 100+ consultants with experience in deals. Globally, the team can also rely on numerous deal experts and sector advisors. Roland Berger services cover all needs of investors 1 2 3 4 PRE-ACQUISITION ACQUISITION HOLDING PERIOD EXIT PHASE > > Target screening > > M&A strategy > > Investment thesis > > Red-flag review > > Commercial due > > Operational due > > Re-financing due > > Restructuring due > > 100 day plan > > Post-merger integration > > Fitness program > > Performance improvement > > Business plan review > > Growth strategy > > Market and business strategies > > Strategic review > > Exit strategy > > Exit value optimization > > Vendor commercial due > > Commercial factbook > > IPO 3

43 major acquisitions/mergers/ sales/refinancing advised by Roland Berger in Europe in 2014 (IPO documentation support) (Refinancing strategic report) in the IPO of GROUP in its refinancing (Vendor CDD, Post Merger Integration) (Post Merger Integration) in the merger of in the merger of France (Refinancing strategic report) (Refinancing strategic report) in its refinancing in the refinancing of (Refinancing strategic report) in its refinancing 4

in acquiring a stake in CZ Mergermarket, an independent mergers and acquisitions intelligence and data service operating across Europe, awarded Roland Berger Strategy Consultants European M&A Consultancy of the Year 2014 5

More than 500 projects conducted in Paris for investors in all sectors Retail and consumer goods Services Industries > > B2C retailers > > Services to retailers > > B2B distribution > > Food service > > Telecommunications > > Call centers > > Media: press & internet > > Digital services > > Food & nonfood consumer goods manufacturers > > Transportation & Logistics > > Leisure & Tourism > > Consulting & other business services > > Pharmaceutical manufacturers > > Health providers > > Health insurers > > CMO > > Medical diagnosis > > Financial services > > Insurance > > Real estate services > > Construction/ Manufacturing materials > > Building materials > > Process industries > > Paper & Packaging > > Automotive > > Automotive retail & Repair > > Car rental > > Trains > > Aerospace & Defense > > Energy Oil & Gas > > Utilities > > Chemistry > > Engineered products > > Heating & Cooling 6

Some of our latest publications on Private Equity Annual European Private Equity Outlook [since 2008] What does the future hold for private equity in China? 7

OUR TEAM Our Investor Support team in Paris OLIVIER DE PANAFIEU SENIOR PARTNER GLOBAL HEAD INVESTOR SUPPORT BENJAMIN ENTRAYGUES SENIOR PARTNER GAËLLE DE LA FOSSE PRINCIPAL EMERIC DERAMAUX PRINCIPAL CIRIL FAIA PRINCIPAL DOMINIQUE TRANCART PRINCIPAL MARIE COLLIGNON SENIOR PROJECT MANAGER SÉBASTIEN MANCEAU SENIOR PROJECT MANAGER MATTHIEU DUQUESNE PROJECT MANAGER MATTHIEU SIMON PROJECT MANAGER Contact: +33 1 53 67 03 20 / Private_Equity_PAR@rolandberger.com The Investor Support team of the Paris office relies on a core team of 20 consultants fully dedicated to Investor Support & a pool of 100+ consultants with experience in deals, sectorial experts from the Paris office and from our international network, a network of former CEOs who bring specific contacts and external points of view, a worldwide network of Investor Support consultants & experts. Our international network of Investor Support experts Bahrain Tobias Plate Belgium Grégoire Tondreau Brazil Stephan Keese Canada Alexis Gardy Serge Lhoste China Ignatius Tong Sarna Yeung Czech Republic Roland Zsilinszky France Olivier de Panafieu Benjamin Entraygues Germany Sascha Haghani Christof Huth Sven Kleindienst Gerd Sievers Neil Checker Holland Rene Seyger David van der Does Sameer Mehta Hong Kong Alain Lecouedic India Wilfried Aulbur Italy Andrea Marinoni Poland Przemyslaw Vonau Romania Codrut Pascu Singapore Nitin Mahajan South Korea Soosung Lee Sangdo Lee Spain Joao Saint-Aubyn Sweden Jan Beckeman United Kingdom Friedrich Demmer Paul Jowett Anand Raghavan United States Roberts Henske Gillian Morris Zwitzerland Philipp Angehrn Roland Berger Strategy Consultants, founded in 1967, is one of the world s leading strategy consultancies. With 2,400 employees working in 50 offices in 36 countries worldwide, we have successful operations in all major international markets.