Jet Multimdia Investors Presentation

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Presentation Investors Analysts
September 2003
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• Facts Figures p 3
• Market Strategy p 13
• Activities Offers p 19
• Clients p 26
• Future p 30

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Facts Figures
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Facts Figures

• Listed on Euronext Paris Second Marché since
  1996
• 370 employees
• Lyon
• Paris
• Oxone Technologies 50 employees in Grenoble
• 2 major activities
• Hosting Services 86
• Jet Multimedia Hosting subsidiaries
• Advertising Promotion 14
• Jet Media

• Toulouse
• Chambéry

• Milan

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Facts Figures Activities

• 2002 Sales

• 2002 Gross margins

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Facts Figures Revenue Growth
M Euros
Revenue
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Facts Figures Back to profitability
Half-year revenue (M Euros)
Half-year operating income (M Euros)
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Facts Figures Back to profitability

• Rationale for growth
• Growth on the telecom industry is driven by
• Broadband Internet deployment more bandwidth
  increases usage and traffic and attracts more
  content providers
• Mobile telephony penetration and evolution have
  same effect on telephony voice data services
• Development of telephony services (audiotex)
• MA opportunities

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Facts Figures Back to profitability

• Rationale for profitability
• Downsizing
• Adjustment of all parameters, including
  investments, to the level of the demand
• A relevant strategy the partnership with a
  telco to have better conditions on voice data
  traffic
• Development of profitable business (Audiotex)
• Break-even for previously non-profitable business
  (Internet)

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Facts Figures H1 2003
P L 000 euros H1 2003 H1
2002 2002 Turnover 55 761 53 635 108
464 Operating income 1 945 -2 226 -3 543 Net
income 3 118 -1 181 1 854 before goodwill
amortization Net income 2 295 -1 996 150
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Facts Figures H1 2003
ASSETS 000 euros H1 2003 H1
2002 2002 Fixed assets 18 611 23 775 20
328 Current assets 41 808 47 118 41 958 Deferred
charges 7 110 3 096 6 322 Cash 31 427 66 757 69
105 LIABILITIES Stockholders equity 54
660 90 441 92 570 Prov. / liabilities charges
3 250 3 441 3 227 Current liabilities 38 193 41
106 37 606 Other debts 2 853 5 758 4
310 TOTAL 98 956 140 746 137 713
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Facts Figures Stock chart
Reminder Listing on OTC market (1995)
3 Listing on Second Marché (1996) 6
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Market Strategy
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Multi-channel hosting

• In France, end-user market is made of
• 21 millions Internet users
• 39 millions mobile phones users
• 50 millions fixed phones users
• 15 millions Minitel users

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Core business value-added hosting

• Our Background Multi-channel online
  applications involving Internet, Fixed phone,
  Mobile Phone, Minitel,...
• Our Mission  a one-stop-shop for corporate
• voice data online services  

VALUE ADDED HOSTING
Marketing Advertising
Consulting Development
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Our business-model
Users
Service Content Providers

Audiotex, SMS, Minitel... Business Model based on
Premium Revenue sharing - telco - hosting
server - content provider
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Our business-model
Users
Service Content Providers

Internet Standard B to B Business Model the
client is billed, the monthly fee is based on -
Resource usage (bandwidth, servers, storage) -
Service level (technical staff)
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Value-added hosting market
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Activities Offers
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Value Added Hosting

• A global approach of hosting project management
• definition of software architecture and
  components
• development of specific software modules, if
  needed
• integration of packaged solutions
• deployment
• performance tests
• Evolution - Proactive maintenance

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Multi-channel Hosting Technologies

• Internet
• Internet / Extranet Dedicated Managed Hosting
• Video Audio Streaming
• Micro-payment systems
• Voice
• Audiotex Premium Services with IVR -
  Interactive Voice Response
• Integration of VoiceXML stanrard with TTS ASR
  technologies
• CRM inbound/outbound calls management with ACD
  (Automated Call Distribution) CTI (Computer
  Telephony Integration)
• Mobility SMS, WAP, MMS, i-mode
• Telematics Web to Minitel with our own VdXML
  technology

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Multi-channel Hosting Hosting platforms

• 6 Audiotex/Telephony Datacenters
• 5 in France Paris, Lyon, Toulouse, West Indies,
  Reunion Island
• 1 in Italy Milan
• 2 Internet/E-business Datacenters Paris, Lyon
• 1 Mobiles/Minitel Datacenter Lyon

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Jet Media Advertising

• Jet Media the advertising agency of the group
• Jet Media a service to promote
• a web site
• an Audiotex service 0 900
• a Premium SMS short number
• a Minitel service

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Jet Media Advertising

• Business buy / sell advertising space on free
  newspapers, magazines, radio
• Jet Media is the main advertising agency for
  Audiotex Minitel mass market services in France
• In the top 5 on free newspapers 300 titles
• Strong presence on magazines
• Weekly Voici, Maxi, Nous Deux, TV Magazine,
  Télé Poche, Télé Star
• Monthly Mon Jardin-Ma Maison...

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Clients
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(No Transcript)
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Clients

• Administration State Agencies
• Ministries, UNEDIC (Agency for unemployed
  people), CNAM (National Health Service), cities
• Press Media
• TF1, France Television, Canal, Hachette
  Filipacchi, Disney Channel, Canal J, Europe2,
  RFM, RAI, Mediaset
• Retail
• Auchan, Carrefour, Grand Optical, Marionnaud,
  Morgan, Pelikan, PhotoService, Champagnes Mumm,
  Roederer, Ruinart, Veuve-Clicquot, Subaru,
  TechData

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Clients

• Bank Finance
• BNP Paribas, BIPOP, Crédit Agricole, Crédit
  Lyonnais, Crédit du Nord, Caisses dEpargne, CCF,
  CIC, Dresdner Bank, Société Générale ...
• Tourism
• Aix en Provence, Chamonix, La Clusaz,
  Courchevel, Les Deux Alpes, Dijon, Evian, Lille,
  Megève , Quiberon, Val d'Isère, Val Thorens,
  Andorra, Senegal, Havas ...

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Future
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Future of the market for multi-channel hosting
Internet
Fixed Mobile Telephony
Minitel
1995
2005
2003
1985
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Future of the market the service

• Infrastructure is not enough !
• Internet Datacenters oversupply the hosting
  infrastructure is not by itself an advantage
• Clients need more more services
• They want to be managed in their online/CRM
  strategy, involving all the online channels - not
  only the Internet !
• Jet Multimedia infrastructure service
• 15 years of expertise, through the integration
  of all channel sand technologies fixed mobile
  telephony, Minitel, fixed mobile Internet, SMS,
  WAP,

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Internet Hosting a maturing market

• A growing demand
• Internet / E-business, Intranet, Extranet the
  demand from the blue chips is growing again
• Oversupply is declining
• Client needs are expanding
• Less service providers
• Evolution to paying Internet services
• Especially for  Medias Press , development
  of paying Internet services, accepted by
  end-users (ex FranceTV with Roland Garros and
  Tour de France)

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Telephony hosting a growing market

• Voice Services a growing demand
• Special phone numbers (0 800 0 900)
  integrating IVR call-centers are the core of
  CRM corporate strategies
• Data Services an emerging market
• Mobile Intranet / Extranet mobile
• BtoB et BtoC SMS Services (Premium SMS)
• Mobile multimedia is coming
• Development of new generation of BtoB and BtoC
  mobile services, demanding huge server
  capacities, expertise and service

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The Hosting Company of

• 3rd French telco, with more than
• 60.000 business customers
• 800.000 residential customers
• Strong shareholders, no debt, 500 M Euros net
  cash, 1 billion euros revenues for 2003
• A network with 11 000 km optic fiber covering 60
  cities, the first multi-technology access network
  (radio, DSL )
• A large sales network (30 agencies, 250 people)
  organized by markets Telcos ISPS, Businesses,
  Residential, Hosting (Jet Multimédia)

• 200 telco ISP clients
• 2 000 hosted clients

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Rationale for this operation

• LDCOM wants to increase the existing synergies
  but also to give its hosting division the means
  for its development
• LDCOM wants to remain major shareholder and to
  maintain Jet Multimedias independency and
  ability to work with other telcos
• To benefit of MA opportunities, during this
  consolidation phase of a market where only a few
  strong player will remain
• To use stock markets for Jet Multimedias image
  and European development

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Contacts

• Headquarters 51 rue Montgolfier 69006
  LYON Phone [phone]
• Fax [phone]
• Eric Peyre Chairman of the Board
• eric_at_jetmultimedia.com
• Manuel Cruz CEO
• mcruz_at_jetmultimedia.com
• Jérôme Bourgoin CFO
• jbourgoin_at_jetmultimedia.com
• Pierre Col Head of Marketing Communication pcol_at_
  jetmultimedia.com