1.FY 2012 RESULTS Accelerating change March 20, 2013

2. Contents FY 2012 RESULTS2 03 2012, a dynamic activity New momentum in asset rotation 11 FY 2012 Results Continued increase in Group companies contribution 36 Outlook Our ambition: value creation 22 Strategy Detecting, accelerating and providing value to our companies 3. 2012, A DYNAMIC ACTIVITY New momentum in asset rotation FY 2012 RESULTS3 4. Continued increase in companies contribution FY 2012 RESULTS4 238 -59 7 2011 PF*2009 20122010 138 CONTRIBUTION OF COMPANIES Net of finance costs (in m) (*) Proforma : impact of acquisitions of Eurazeo PME, Foncia, Moncler, and 3SPGroup. 90m as reported 5. NAV In per share Strong NAV growth FY 2012 RESULTS5 2011 2012 March 11, 2013 (*) NAV with ANF Immobilier taken at its NAV: 57.6 as of December 31, 2012 and 60.1 as of March 11, 2013 +16% 59.2* 56.8* 48.9 6. Smartly rotating our assets FY 2012 RESULTS AVERAGE WEIGHTED AGE in years DISPOSALS in % of NAV as of Jan.1 2009 2010 2011 2012 2008 2009 2010 2011 2012 YTD 2013 A progressively maturing portfolio Strong acceleration in the asset rotation 6 3.3 4.2 4.3 5.3 6.0% 4.0% 2.0% 13.0% 14.0% 7. A strong track record over the long-term: weighted average multiple of 2.1x FY 2012 RESULTS7 0.0x 0.5x 1.0x 1.5x 2.0x 2.5x 3.0x 3.5x 4.0x Fraikin Eutelsat Terreal Station Casinos Sirti B&B Rexel Rexel Edenred 2005 2007 2010 2012 YTD 2013 Mors Smitt 0.0 3.5 3.4 0.2 Multiple 150m Investment size: x Year of disposal Weighted average multiple of 2.1x 2.02.1 2.0 2.4 2.0 3.5 8. Dedicated resources to source and develop attractive opportunities FY 2012 RESULTS8 Sectors that benefit from long-term growth prospects Companies with strong transformation potential European companies with international exposure/potential Focus on growth Alliances with Asian or American investors to get the most relevant expertise and make our offer more attractive Additional network for our portfolio companies Development of partnerships to reinforce our expertise in non-European geographies Proactive approach of attractive targets (direct sourcing) If needed, senior advisors relationships help originate and analyze investment opportunities Strong European network to source deals Opening of an office in China to raise the international business of our companies A platform to accelerate the deployment of its investments Extension of our network of strategic partners in Asia New joint investment opportunities with Asian partners 9. An organization dedicated to value creation FY 2012 RESULTS9 MAIN INVESTMENTS POSITIONING SIZE Mid-to-large companies > 150/200m EV > 75/100m equity Accor, APCOA, Elis, Europcar, Foncia, Moncler, Rexel, Small / midcap < 150/200m EV 15-75m equity Dessange, Lon de Bruxelles, The Flexitallic Group (FDS), Gault & Frmont Growth equity Equity tickets of 30-70m ANF Immobilier Colyzeo Real estate Fonroche, 3SPGroup, l-PuIse One focus: accelerating change of our companies One firm, 4 investment strategies, 21 portfolio companies Proactive sourcing: investing in growth-potential companies 10. Strong NAV growth FY 2012 RESULTS10 3,231 3,751 +85 +462 -143 +30 +35 -22 +51 +17 +3 +84 -271 +189 NAV 12/31/11 NAV 12/31/12 +404m ANFRexel Mors Smitt +43m +68m -184m Cash & others Investments Change in fair value Disposals 11. FY 2012 RESULTS Continued increase in Group companies contribution FY 2012 RESULTS11 12. Eurazeo keeps outperforming the Eurozone FY 2012 RESULTS12 4,372 4,421 3,722 3,906 2011(1) 2012 +4.9% +1.1% Companies consolidated under equity method Fully consolidated companies 8,094 8,327 +2.9% ECONOMIC REVENUES In m (1) Restated for the sale of Mors Smitt at Eurazeo PME, Motel 6 / Studio 6 at Accor and a portion of ANF Immobiliers assets and on a pro forma basis adjusted for the acquisitions of Moncler, Foncia, 3SP Group and Eurazeo PME (2) Source: Eurostat-ECB Eurozone 17 countries: Belgium, Germany, Estonia, Irland, Greece, Spain, France, Italy, Cyprus, Luxembourg, Malta, Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland EUROZONE GDP 2012(2) -0.6% 13. Continued increase in companies contribution FY 2012 RESULTS13 (m) 2009 2010 2011 PF(1) 2012 Change Adjusted EBIT of Group consolidated companies 485 512 570 608 +7% Cost of financial debt of Group consolidated companies (net) (463) (476) (521) (475) (9%) Results for companies consolidated by the equity method, net cost of debt (80) (30) 88 105 +19% Contribution of companies net cost of debt (59) 7 138 238 +73% CONTRIBUTION OF COMPANIES Net of finance costs (1) Proforma = impact from the acquisitions of Moncler, Eurazeo PME, Foncia, 3SP Group and from ANF Immobiliers assets disposals 14. Increasing EBITDA despite tough economic conditions FY 2012 RESULTS14 51 128 80 102 61 92 87 123 66 119 90 170 2010 2011 2012 CAGR 2010-2012 +4% +14% -4% +6% +29%347 371 377 x% (*) Companies EBITDA (portfolio as of 12/31/2012) (**) Adjusted Corporate EBITDA ** EBITDA in m * +24% 72 5047 15. Profit & Loss details FY 2012 RESULTS15 (m) 2011 PF 2012 Contribution of companies net cost of debt 138 238 Change in value of real estate properties 41 (16) Losses and disposal of real estate properties - (54) Capital gains 36 10 Other(1) (93) (99) Taxes (2) (50) Non-recurring items (219) (298) Net consolidated income (100) (269) Net consolidated income Group share (112) (198) (1) Amortization of commercial contracts, net cost of financial debt of holding sector and operating costs 16. 2 50 8 13 11 16 2011 tax Limitation of deductibility of financial costs Limitation on tax loss carried forward 3% tax on dividends on ANF Other 2012 tax RECURRING TAX in m 21m in costs and 1m in cash Plus the one-off 3%-tax on dividends on the pay-out carried out by ANF Immobilier (11m in cost and in cash) (*) French tax dedicated to encouraging the competitiveness of companies The main tax measures of the 2012/2013 Financial Law have a negative impact of: Positive CICE* impact Positive impact of + 15m expected from 2013 at EBIT level FY 2012 RESULTS16 Change in tax 17. One-off items FY 2012 RESULTS17 ASSET ROTATION EUROPCAR REFINANCING GOODWILLS OTHER 298 77% 23% Sale of part of ANF Immobiliers portfolio 20 Accor 91 Impact of Motel 6 sale 69 Other products and charges 22 Renegotiation of swaps 35 Depreciation on goodwills 84 Elis, Fraikin & other Other products & charges 68 Including restructuring costs 39 For Eurazeo: 271m cash impact For ANF: sale of mature assets, enabling further development. IRR of 15.2% on Lyon since 2004, and cap rate close to 4% For Accor: Net debt reduced to 780m Reduction in capital employed: 2011 ROCE proforma: 13.9% vs. 12.3% 2011 EBIT proforma: 9.2% vs 8.7% For Europcar: 34m savings in financial costs on a full year basis Corporate debt maturity postponed from 2013 to 2017 2 1 3 4 TOTAL BENEFITS: 18. Net income group share bridge FY 2012 RESULTS18 -127 -198 +197 -155 -43 -24 -20 -26 June 30, 2012 net income group share Dec. 31, 2012 net income group share Companies contribution Other recurring items Impairments (Elis, Fraikin, APCOA, add. Motel 6) Restruct. Various depreciations (Accor, Moncler) Other costs In m 19. Decrease in financial leverage FY 2012 RESULTS19 x 2x 4x 6x 8x 10x 12x 14x 2010 2011 2012 (1) Europcar: Corporate Net debt / Corporate EBITDA (1) Portfolio companies debts are non recourse to Eurazeo 20. CONSOLIDATED NET DEBT In m Decrease in consolidated net debt(1) FY 2012 RESULTS20 4,434 4,176 3,348 1,209 1,157 1,157 2011 2012 2012PF** Net debt excl. EC fleet debt* Europcar fleet debt* (*) Excluding debt equivalent of fleet operating leases (**) Proforma from the sale of Rexel and Edenred shares 5,643 5,333 4,506 Consolidated leverage as of Dec. 31, 2012(2): 2.1x and 1.9x proforma Decrease in IFRS consolidated net debt from 6.3 bn to 6.0 bn as of Dec. 31, 2012 and 4.5bn proforma (1) Excluding Danone exchangeable bonds (2) Consolidated leverage as of December 31, 2012= (Consolidated net debt Value of assets which do not contribute to adjusted consolidated EBITDA) / Adjusted consolidated EBITDA 21. Strengthened cash position FY 2012 RESULTS21 138 292 642 436 125 73 169 164 520 170 31-Dec-11 Disposals Dividends received Dividends paid Investments Other 31-Dec-12 Disposals 11-March-13 CASH POSITION In m A fully available revolving credit line of 1bn Debt reimbursement and other 22. STRATEGY Detecting, accelerating and providing value to our companies FY 2012 RESULTS22 23. Detecting growth potential FY 2012 RESULTS23 Identifying and selecting key sectors 2Strategic monitoring of social trends 1 Targeting and pro-actively approaching investment opportunities Defining target companys true potential 3 Possible support from partners and senior advisors Increasing purchasing power in the emerging markets Evolution of purchasing patterns Longevity Health awareness Environmental concern, natural resources scarcity, etc. Luxury & global brands Technology & digital Health care Energy-driven businesses Financial services 4 DETECTING TRANSFORMATION01 GROWTH POTENTIAL DETECTION IN 4 STAGES 24. Moncler: a true gem detected by Eurazeo FY 2012 RESULTS24 2010 Mid-term targets* 75% 25% Distribution Channel Wholesale Retail >50% 80% 83 stores vs. 55 as of June 2011 +50%) Geography 43% 57% Italy RoW >70%