Prsentation Corporate groupe Jet Multimdia

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2003 Results March 2004
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• Facts Figures
• Market Strategy Activities
• 2003 Results
• Prospects

Eric Peyre Chairman Founder eric_at_jetmultimedia.
com Manuel Cruz C.E.O. mcruz_at_jetmultimedia.com
Pierre Col Marketing, Communication
IR pcol_at_jetmultimedia.com
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Facts Figures
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History

• Founded in 1989 15 years expertise of online
  multimedia Minitel, Audiotel, Internet, Web,
  Wap, SMS, i-mode, MMS
• Listed on Euronext Paris / Second Marché since
  1996
• 420 people, 400 in France 20 in Italy
• Lyon
• Paris
• 2 majors activities
• Value Added Hosting Services
• Advertising Promotion

• Toulouse
• Grenoble

• Chambéry
• Milan

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Group

• 3rd French telco with
• 70,000 business customers
• 1,400,000 residential customers
• Strong shareholders, no debt, 400 ME net cash, 1
  billion E revenues with 100 ME EBITDA for 2003
• A network with 12 000 km optic fiber connecting
  60 cities, huge investments on LL unbundling
  DSL access
• A large sales network (30 agencies, 250 people)
  organized by markets) with 2 brands
• neuf telecom voice data IP wireline network
  solutions
• Jet Multimédia hosting solutions for online
  services

• 200 telcos ISPs
• 2,000 hosting customers

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Market Strategy - Activities
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"Multichannel Hosting"
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"Multichannel Hosting"

• French market for multi-channel online services
• 50 millions wireline users
• 42 millions mobile users
• 22 millions Internet users
• 15 millions Minitel users
• (sources ART, France Telecom, Mediamétrie)

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Strategy

• 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  "
• Our Core Business Value Added Hosting

MULTI-CHANNEL VALUE ADDED HOSTING
Marketing Advertising
Consulting Integration
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Mission
Content Service Providers
Users
Internet, Minitel, Audiotex, SMS, WAP, I-mode ...
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Mission
Content Service Providers
Dedicated Hosting Application Management IS
Outsourcing -----------------------------
Shared Hosting --------------------------------
------ Housing / Colocation
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Business Case

• "Plate-Formes de Services"
• nationwide IVRACDCTI server to collect the
  phone calls thru a "global virtual call center"
• 70 already deployed, 2 million calls - 6
  millions min. per month
• Web portals of the Ministère
• de l'Education Nationale
• www.education.fr - www.education.gouv.fr
• www.debatnational.education.gouv.fr (thematic
  site)
• OpenSource LAMP - Linux, Apache, MySQL, PHP
  technologies
• full redundant servers with firewalling load
  balancing capabilities, e-mail platform, audio
  video streaming
• millions of visits per month

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Business Case

• Intranet / Extranet applications
• on a Microsoft high-performance shared platform
  www.dhl.fr site Danzas, Ducros Euro Express,
  DHL International sites
• Extranet "e-Office" application on a dedicated
  platform with N-tier architecture integrating
  Windows, J2EE, BEA Weblogic, Oracle
• "Contacteur Hyperphone" system
• to automatically link recruitment agencies to
  people seeking jobs
• when a job mission meets people's profile, the
  server automatically issues a call by phone / SMS
  / e-mail / fax
• more than 1 million contacts monthly, 90
  successful within less than one hour
• system deployed in France, Benelux and being
  deployed in the UK

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Jet Media Advertising

• Jet Media an advertising communication agency
  
• Consulting marketing strategic advice, direct
  marketing
• Design publishing studio, publishing
  printing, packaging
• Media planning ad space buying
• A buying agency to promote online services
• web site
• Audiotex service
• In the top five for free newspapers, with 400
  titles
• Presence on targeted magazines
• Weekly Voici, Maxi, Nous Deux, TV Magazine, Télé
  Poche, Télé Star
• Monthly Mon Jardin-Ma Maison
• Business newsletters Revue Fiduciaire, Revue
  Comptable

• Minitel service
• Premium SMS service

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2003 Results
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Revenue Growth
Annual Sales
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Revenue Growth
"Proforma 12 month" data
M Euros
7
15
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Activity breakdown
"Proforma 12 month" data
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Activity breakdown
"Proforma 12 month" data for Hosting
M Euros
0
53
- 31
39
15
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Activity breakdown
"Proforma 12 month" data for Hosting
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Business growth

• Development of telephony services
• Audiotex media content providers
• CRM virtual call-centers
• Broadband Internet deployment more bandwidth
  increases usage and traffic, Internet users
• Are viewing more pages / resources on the sites
  -gt positive trend for Internet hosting
• are accepting to pay for premium services,
  attracting more content providers -gt positive
  trend for Internet micropayment
• Mobile telephony
• Personalization services logos, ringtones
• Interactive WAP / i-mode services games
• External growth with Oxone

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Simplified P L
millions of euros 2003 2002 () 2002 Turnover
120.0 111.4 108.5 Operating income
4.9 -1.6 -3.5 Operatingfinancial income
6.2 0.8 -1.2 Net income 7.5 3.7 1.8 before
goodwill amortization Net income 5.8 2.0 0.1 (
) proforma data integrating for 2002 four month
of Oxone Technologies activity and excluding
commpanies sold by the end of 2002
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Simplified balance sheet
ASSETS 000 euros 2003 2002 () 2002 Fixed
assets 17 331 21 769 20 328 Current assets 47
328 47 641 41 958 Deferred charges 8 147 6 383 6
322 Cash 33 757 70 441 69 105 LIABILITIES
Stockholders equity 59 422 94 609 92
570 Prov. / liabilities charges 2 544 3 227 3
227 Current liabilities 41 768 44 073 37
606 Other debts 2 829 4 325 4 310 TOTAL 106
563 146 234 137 713 () proforma data
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Back to profitability

• Stopping of non-core business activities
  downsizing
• A relevant strategy the partnership with a
  telco to obtain better conditions on voice data
  traffic
• Increase of sales on the existing customer base
• Break-even for previously non-profitable business
  in investment phase (Internet)
• Adjustment of all parameters, including
  investments, to the level of the demand

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Infrastructure optimization

• 2001 9 datacenters in France

Backbone Leased lines
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Infrastructure optimization

• 2003 3 datacenters in France

Backbone Secured VPN-IP
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Stock Chart
Private placement
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Shareholders Brokers
Free float
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Prospects
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Prospects

• Source ACSEL / CoPilot Partners january 2004

Online services market in France (M Euros)
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Prospects - in France

• Audiotex telephony services
• To increase market share on Audiotex / short
  numbers
• To grow aggressively on CRM / 0 800 services, for
  inbound calls (Contact Access) and outbound calls
  (Contacteur Hyperphone)
• Internet E-Business
• Hosting Applications Management, with
• Micro-payment growth with a new offer
  integrating EasyClick PMV with Oxone solution
• Mobile
• Growth of the SMS / Premium SMS business
• To provide vaule added in technologies,
  applications and contents for WAP / i-mode
  personnalization, games, video, entertainment
• To anticipate the opening of new markets MMS,
  3G
• Jet Média to develop value added

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Prospects - international

• Italy
• Growth of Jet Multimédia srl (14.7 M Euros, 12
  in 2003)
• Acquisitions to increase the market share and and
  diversify the business
• Morocco
• Operations are beginning in March 2004 Maroxone
  
• Audiotex / SMS mobile services
• CRM inbound outbound traffic management
• Opportunities in other countries

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