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SHAREHOLDERS ANNUAL GENERAL AND SPECIAL MEETING 2010

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shareholders annual general and special meeting 2010 september 16, 2010 – PowerPoint PPT presentation

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Title: SHAREHOLDERS ANNUAL GENERAL AND SPECIAL MEETING 2010


1
SHAREHOLDERS ANNUAL GENERAL AND SPECIAL MEETING
2010
  • SEPTEMBER 16, 2010

2
SHAREHOLDERS ANNUAL MEETING 2010
OPENING OF MEETING
3
AGENDA
  • MEETING PROCEEDINGS
  • NOMINATION OF SCRUTINEERS
  • NOTICE OF MEETING
  • ADOPTION OF AGENDA
  • SCRUTINEERS REPORT
  • RECEIPT OF FINANCIAL STATEMENTS AND AUDITORS
    REPORT
  • ELECTION OF DIRECTORS
  • APPOINTMENT OF AUDITORS
  • CANCELLATION OF SHAREHODLERS RIGHTS PLAN
  • ADJOURNMENT OF MEETING
  • MANAGEMENTS REPORT AND
    FINANCIAL ANALYSIS
  • QUESTION PERIOD

4
SHAREHOLDERS ANNUAL MEETING 2010
MEETING PROCEEDINGS
5
SHAREHOLDERS ANNUAL MEETING 2010
NOMINATION OF SCRUTINEERS
6
SHAREHOLDERS ANNUAL MEETING 2010
NOTICE OF MEETING
7
SHAREHOLDERS ANNUAL MEETING 2010
ADOPTION OF AGENDA
8
SHAREHOLDERS ANNUAL MEETING 2010
SCRUTINEERS REPORT
9
SHAREHOLDERS ANNUAL MEETING 2010
RECEIPT OF FINANCIAL STATEMENTS AND AUDITORS
REPORT
10
SHAREHOLDERS ANNUAL MEETING 2010
ELECTION OF DIRECTORS
11
SHAREHOLDERS ANNUAL MEETING 2010
  • ANDRÉ GAUTHIER
  • QUÉBEC, CANADA
  • MARC P. BRUNET
  • QUÉBEC, CANADA
  • ANDRÉ COURTEMANCHE
  • QUÉBEC, CANADA
  • MICHEL DUBÉ
  • QUÉBEC, CANADA
  • GILLES LAURIN
  • QUÉBEC, CANADA
  • CLAUDE ROY
  • QUÉBEC, CANADA
  • JEAN-FRANÇOIS SABOURIN
  • QUÉBEC, CANADA

12
SHAREHOLDERS ANNUAL MEETING 2010
APPOINTMENT OF AUDITORS
13
SHAREHOLDERS ANNUAL MEETING 2010
CANCELLATION OF SHAREHOLDERS RIGHTS PLAN
14
SHAREHOLDERS ANNUAL MEETING 2010
ADJOURNMENT OF MEETING
15
SHAREHOLDERS ANNUAL MEETING 2010
MANAGEMENTS REPORT AND FINANCIAL ANALYSIS
16
SHAREHOLDERS ANNUAL MEETING 2010
QUESTION PERIOD
17
SUZANNE MERCIERChief Financial Officer
REVIEW OF 2010 RESULTS
18
CONSOLIDATED RESULTS 2010
Revenues decreased in TBF, PSO, MVI and Polygon,
All were impacted by the economic conditions in
their respective markets
FX gain of 0.6 M
Original currencies revenues decreased by 2.8 M
compared to 2009
Severance payments in the amount of 4.3 M
Cost savings of 2.9 M due to general headcount
reduction 2.9 M
Unrealized acquisition in the amount of 0.4 M
46
18
19
CONSOLIDATED RESULTS 2010
Earning (loss) per share 2009 - (0.09)
2010 - 0.18
Impairment on acquired intangible assets 3.6
M Impairment on intangible assets 3.0 M
Fx gain of 2.3 M Tax provision reversal of 2.1 M
Cost saving due to general headcount reduction
Fx loss of 2.5 M
Fx rate 2009 - 1.2602 2010 - 1.0156
20
CASH FLOWS
Increase of net earnings combined to a better
cash management
Free cash flows Cash flow from operating
activities less acquisition of premises and
equipment, intangible assets and less dividends
Less needed acquisitions of premises and equipment
No business acquisition in 2010
21
BALANCE SHEET
Cash increase of 24
  • Shares outstanding
  • - 14.0 M
  • - 13.9 M
  • Stock options outstanding
  • - 0.7 M
  • - 0.6 M

2.47 per share
1.98 per share
46
21
21
22
REVIEW OF 1st QUARTER 2011
Earning (loss) per share T1 2010 -
(0.01) T1 2011 - 0.19
Fx loss of 0.2 M
Lower revenues in GWS, PSO, MVI, Polygon
Cost savings due to general headcount reduction
Original currencies revenues decreased by 0.3 M
23
CLAUDE ROYPresident and Chief Executive Officer
REPORT ON OPERATIONS
24
Agenda
1 FY 10 Highlights 2 Our quest for growth 3
QA
25
FY10 Highlights Focus on Value Creation
Management change Dec 08
27
FY 06
EBITDA margin (Without Capitalization)
EBITDA margin
2006 C 2.8M for the sale of Flow system
license
26
FY11 Trend Focus on Value Creation
Management change Dec 08
FY 06
Q1 FY 11
EBITDA margin (Without Capitalization)
EBITDA margin
2006 C 2.8M for the sale of Flow system
license
26
27
FY10 Highlights Operating Expenses Streamlining
Management change Dec 08
23
Q1 FY 11
Technology (RD) Expenses
SGA Expenses
Costs of Goods
28
FY10 Highlights EBITDA Improvements
  • 25 Corporate cost reduction
  • Integration of business operations
  • US Tenders operations mgmt consolidation in
    Albany (BN, GB, EPI, IPT)
  • Operations mgmt consolidation in Tampa
    Atlanta (PSO, TF, MEFX, MVI)
  • Significant business process improvements

FY 09 vs. FY 10
Savings
CGS 828
SGA 9,978
Tech 768
Total 11,574
CAD currency, in thousands of
29
FY10 Highlights A Diversified Portfolio
Government Opportunities
Computer, IT Telecom
Electronic Components
Medical Equipment
Automotive Aftermarket
Wine Spirits
Diamonds Jewelry
30
Our quest for growth
Organic MA
31
Strong Financial Position
  • Cash on hand C 36M
  • EBITDA Margin Q1-11 33
  • Balance sheet Debt free
  • Borrowing capacity Up to 2 times EBITDA
  • Market Capitalization 120 M
  • Stock Price 8.51 (Up 4
    x since Dec 08)

32
Organic Growth Government Opportunities
Benefiting from increased US CAN government spending Demand for a centralized tendering system (QC) Open Gov policy Demand for procurement services to make all federal agencies data easily accessible

33
Organic Growth Electronic Components
Positive membership trend Strong demand for our escrow services

34
Organic Growth Automotive Aftermarket
High single digit growth Stronger market presence New value added services

35
Organic Growth Computer, IT, Telecom Medical
including
New auction services Sales initiatives to increase revenues

36
Organic Growth Diamonds Jewelry
Positive trends expected in Q2 New membership acquisition strategy Increased sales marketing efforts

37
Organic Growth Wine Spirits
SAQ partnership 5 year agreement renewal

38
MA Objective
Double Our Market Cap.
39
MA Acquisition Criteria
  • North American location
  • Ethical diversified business sectors
  • Strong business models
  • High profitability
  • Transactional revenues
  • Web solutions

40
Management Team
Claude Roy President and Chief Executive Officer
Stéphane Anglaret Vice President Technology
Mark Eigenbauer Senior Vice President
Hélène Hallak Senior Vice President and General Counsel
Richard Lampron Vice President Research Development
Suzanne Mercier Chief Financial Officer
Paul Saunders Senior Vice President
Andreanne Simon Vice President, Innovation and Business Development
41
Board Members
Claude RoyChairman and CEO Mediagrif André
Courtemanche President and Chief Executive
Officer VIAVAR Capital Michel Dubé Consultant
Savaria Corporation André Gauthier President An
dré Gauthier Holding Inc.
Gilles Laurin Chartered Accountant Advisor and
Director of different corporations Marc P.
Brunet President and Chief Executive
Officer Logibec Groupe Informatique
Ltd. Jean-François Sabourin President and Chief
Executive Officer  FinlogiK Inc.
42
Ownership Structure As of Sep. 14th 2010
Shares of total
Claude Roy 2,774,300 19,9
Directors and Officers 375,759 2.7
Employees 207,653 1.5
Subtotal 3,357,712 24.1

Institutional Investors 5,478,503 39.4

Public 5,079,529 36,5

Outstanding shares 13,915,744 100
Options outstanding 269,900
43
Q A
44
MEDIAGRIF E-BUISNESS NETWORKS bidnet.com

brokerforum.com carrustechnologies.com
ebidboard.com
epipeline.com globalwinespirits.com
governmentbids.com iptbybidnet.com marketveloci
ty.com medicalequipmentfinders.com merx.com
polygon.net
powersourceonline.com telecomfinders.com
truckpartslocator.com www.mediagrif.com
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