S.R.I.B. Group

14 May 2014

Company presentation 1

Diversified financial solutions through dedicated business units

To support SMEs growth and creation in the Brussels-Capital Region

To perform delegated projects for the Brussels Region

Mission

Creation: 1984

Shareholding: 73% Brussels Region 27% Institutional Equity = €131 mios 35 headcounts

Key figures

+/- 300 Brussels companies are currently funded by the SRIB :

Portfolio Set up in 2006

Cofinancing with banks (pari passu)

Set up in 2010

Financing of exporting SMEs

Set up in 1984

Financing of Brussels-based SMEs:

• Growth capital • Capital Buyouts

financing

Set up in 2001 Micro-finance & social economy

Set up in 1992 Financing of startups Focus on innovative projects

Brucofin + Delegated missions on behalf of the Brussels Capital Region : « Fonds Bruxellois de Garantie » and « SFAR » (construction of social and middle class accomodations)

45 companies in equity (or financed with mixed instruments equity + loan)

End 2012

246 companies financed by a

loan

Some companies in portfolio

Total of 291 companies in portfolio

Current portfolio includes investments in nearly 300 Brussels-based businesses

SRIB in the Brussels financial landscape

Equity or long term Debt

Alternative financing

Leverage effect

No sectoral specificity

Partnership mindset: • Personalized support • Strong image

Regional focus – proximity with supported companies

Purpose:

Eligibility:

Capital-development

Amounts:

Companies growth, transmision and/or reorganization

For brussels based SMEs

Brussels-based SME’s (head office and operating headquarters)

No sectorial specificity (excluding real estate and non ethics activities)

Equity:

• Minority Stake • Next to other investors or not • Requirements: Partnership mindset Growth potential Return in line with project risk Exit options (5 to 7 years)

Equity - mezzanine financing - long term loan

Tailor made financing

Loan: • Limited collateral • monthly installments • Term : 4 - 7 years • Interest rate : depending on risk

Form:

100 k€ minimum (average 500k€ 1st round)

SRIB

SRIB Examples

Radionomy is a free ground-breaking platform that is changing the way connected people from around the world discover, listen to and create online radio stations Jobs: 27 people in Brussels

Convertible loan : 1M€

Cameleon is the leading private sales outlet in the Benelux 2 private sales venues Alongside its physical sites, Cameleon also developped Snapstore, a private online sales space Jobs: 230 people in Brussels

Equity stake : 500 k€ Loan : 3,5 M€

Start up financing

Young and innovating start ups financing

Starter companies : < 5 years old

Based in Brussels

Innovating (in various aspects: technology, services, sales,…)

Focus on ICT sector

Max €250k

Max €150k for ICT pre-commercialization project

Brustart

Purpose:

Eligibility:

Amounts:

Form:

Equity:

• Minority Stake • Next to other investors or not • Requirements: Partnership mindset Growth potential Return in line with project risk Exit options (5 to 7 years)

Equity - mezzanine financing - long term loan

Tailor made financing

Loan: • Limited collateral • monthly installments • Term : 4 - 7 years • Interest rate : depending on risk

Vadis Smart Business Intelligence Methodologies and Processes boosting Sales Effectiveness, Risk Management and Big Data Analytics Jobs: 21

Loan : 150 k€

PROXYCLICK

Applications that simplify office life for employees. Specialized in processes typically managed by the Facility Manager and/or the Office Manager, providing an integrated communication platform between them, employees and suppliers. Jobs: 7

Loan : 180 k€

Brustart Examples

Micro-finance

Financial support for companies located in the « Zone d’Intervention Prioritaire » in Brussels through local and sustainable job creation

Support from European Regional Development Fund (ERDF)

Everyone or small company not eligible for bank support Located in the « Zone d’Intervention Prioritaire » Starter or already established

Brusoc

Eligibility:

Form:

Purpose:

• For self employed • Loan: 1,250 – 25,000€ • Required personal

contribution : 620€ • Interest rate : 4% • Constant monthly

instalments • Term:2-5 years

« Micro-crédit » « Fonds d’amorçage » « Crédit de trésorerie » « Prêt subordonné »

• SMEs • Loan: max 95,000€ • Required personal

contribution : 6,200€ • Interest rate : 4% • Constant monthly

instalments • Term:2-5 years

• SMEs or self employed • Loan: max 7,500€ • Interest rate : 5% • Constant monthly

instalments • Term:1 year

• Social integration companies

• Loan or equity: max 95,000€

• Interest rate : 4% • Constant monthly

instalments

KAMILOU SPRL

Activity : Restaurant

Loan: 83,000€

Headcount:18

Localisation: Village Partenaire

Histoires de Femmes SPRL Activity: costume jewellery sales

Loan : 15,000€

Headcount: 1

Localisation: Atelier des Tanneurs

SECRET GOURMAND SPRL Activity: Sales and production of home-made pies

Loan: 20,000€

Headcount:3

Localisation: Atelier des Tanneurs

Brusoc Examples

Mission:

Sociétés éligibles:

Cofinancing

Montants:

To facilitate LT financing of Brussels-based SME’s

Based in Brussels No sectoral specificities

Modes d’intervention:

B2E loan = max. 50 % of the needed financing

Min. 100k€ - Max. 2 millions €

Brucofin

LT loans (min. 2 years) Cofinancing pari passu with a bank Investments, buy outs, working capital needs

Procédure: Request to be introduced by the bank institution

Decision process : 15 days

Brucofin Examples

The Egg The Egg is offering original et modular spaces for various purposes, ranging from simple meeting room into a large press room or prestigious hall for a business reception or walking dinner Jobs: 4

Loan : 600 k€

Beweb (Kadensa)

Kadensa is a holding company, main shareholder of Beweb, a web advertising agency Jobs: 20

Loan : 450 k€

Purpose:

Amounts:

Form:

International expansion: Investments to be made in connection with the launch of an export activity (expansion of the production facility, costs of adapting the products to the new markets, ….) and working capital needs

Investment projects abroad: launch of a subsidiary abroad, acquisition of a foreign company or setting up of a joint-venture, … with the objective to strengthen the activities of the operating base in Brussels

In case of equity

• Minority participation (max 30%) • Necessary conditions: Growth potential Shared vision of the partnership Possible return and exit with a time

horizon of 5 to 7 years

Exportbru financing can take various forms : equity, convertible bonds, non secured loans, …

Custom-made financing, suited to the needs and the current situation of the company and also to the purpose of the financing

In case of a loan:

• Lending Term: from 4 to 7 years • Repayment profile: generally, amortisation

of the principal loan in monthly payments and during the term of the loan

• Possible initial reimbursement-free period • Rate : interest rate in line with the risk

profile assumed by Exportbru • Standard rate: 6% (fixed rated) • Generally, non secured loan (quasi-equity

instrument)

Financing from € 50.000 to € 500.000 (or higher amount in some cases)

Complementary to additional financing sources (equity, banks, …)

Up to 50% of the global financing needs

Eligibility:

Exportbru Export support

Companies located in Brussels (head office and operating headquarters)

More than 3 headcounts and more than 2 years old

Tangible and intangible investments and working capital related to the exporting activity

Object:

Amount:

1. Financing Export

Form:

Financing from €50k to 500k

Up to 50% of the global financing need

Different forms possible: loan, capital (minority participation) or mixed instrument

No standard product / Custom-made financing

Example

Brussels company active in the production and the sale of food products

Project: commercial launch on three new markets – employment of 3 sales

people dedicated to the prospection of these markets

Estimation of the financing need

Sales force - costs 6 months 120k

Travel expenses / accommodation - costs 6 months 30k

Costs of adapting products 60k

Commercial brochures & various costs 40k

Working capital (including stock) 50k

Total: 300k

Planned financing:

4-year loan Exportbru 150k

For the remaining 50% : self-financing + financial incentives BIE

Investments related to the creation of a new operating site abroad (creation of a subsidiary, succursale, acquisition of a foreign company, joint-venture)

Object:

Amount:

2. Financing implementation abroad

Form:

Various forms are possible: loan / equity / mixed instruments

No standard product but custom-made financing

Example

Brussels SME in the ICT sector – Taking of a majority participation in a computer

company based in France

Estimation of the financing need:

Purchase price of the shares 750k

Reinforcement of equity new french subsidiary 250k

Global need: 1.000k

Planned financing:

7-year loan Exportbru 500k

For the remaining 50% : Self-financing & bankloan for the balance

Financing from €50k to 500k

Up to 50% of the global financing need

Sigma Conso is offering a comprehensive range of software products and services in the field of Corporate Performance Management, including statutory, management and budgetary consolidation and management reporting. Headcount : 23

Loan : 350 k€

EXKi is a restaurant where you can enjoy local, natural and seasonal ingredients and recipes. From breakfast to dinner, EXKi has you covered offering healthy meals that are ready when you are! Headcount : 800

Loan: 250 k€

Exportbru Examples

Process Main Investment Criteria

1. Submitting your financing request

• General information about the

company (history, management,

shareholders, products and market,

competition, export activity, financial

statements, …)

• Detailed description of the projet

Financial forecasts

• Financing request

2. Meeting with an analyst

3. Additional Q & A

4. Presentation to the Board

• Track record of the company (if not

starter)

• Professionalism and continuity of the

management team

• Sustainable project / in adequation with

the human and financial ressources of the

company

• Growth potential in international markets

(for Exportbru)

• Added value for the Brussels Region

(employment, innovation, …)

Timing of decision

+/- 1 month for a loan

+/- 3 months in case of an intervention in capital

SRIB Group Processes

Team and Contacts

Rue de Stassart 32

1050 Brussels

Tel : 02/548.22.11

Fax : 02/511.90.74

Visit our website www.srib.be

Committee

• Serge Vilain, CEO • Jean-Luc Vanraes • Eddy Van Gelder • Etienne-Jean Noël

Contact:

Team

Exportbru

Brucofin

Brusoc

• Barbara Roose • Sarah Unger • Julien Jacquet

b.roose@srib.be s.unger@srib.be j.jacquet@srib.be

• Sandrine Evrard s.evrard@srib.be

• Sophie de Jaer s.de.jaer@srib.be

• Hamed Ben Abdelhadi • Nawfal Jorio • Mamadou Cherif Ly • Lionel Surmont

h.ben.abdelhadi@srib.be n.jorio@srib.be mc.ly@srib.be l.surmont@srib.be

Brustart

srib

Appendices 2

Investissements 2013 1

78 projets ont

été financés pour un montant total de

9,9 mios

en capital en prêt total

4 6 10 5.288.719 528.872

3 3 425.000 141.667

55 55 1.564.900 28.453

3 3 1.075.000 358.333

7 7 1.595.000 227.857

Total 4 74 78 9.948.619 127.546

Nombre d'investissements Montant investi

(en EUR)

Moyenne par

dossier

Evolution des investissements

depuis 5 ans

Fin 2013, la

valeur nette comptable du portefeuille

s’élève à € 65,2 mios (€64,7 mios € fin 2012)

Répartition de la VNC par filiale

• Les 47 sociétés dans le capital desquelles nous sommes présents représentent 49% de la valeur nette du portefeuille:

30% investi en capital, 19% sous forme de prêts.

• 51% du portefeuille est investi exclusivement sous forme de prêts.

Portefeuille au 31.12.2013 2

Participations

en capital

Prêts sur

sociétés avec

lien de part.

Autres prêts Total en %

14.536 11.813 12.106 38.455 59%

4.200 4.200 6%

604 1.185 1.789 3%

337 337 0,5%

55 6.023 6.078 9%

11.661 11.661 18%

102 2.604 2.706 4%

Total fin 2013 19.778 11.868 33.579 65.225 100%

en % 30% 19% 51% 100%

Total fin 2012 19.934 12.442 32.367 64.743

en % 31% 19% 50% 100%

Données en K€

Le groupe SRIB soutient plus de 20.000 emplois en RBC

Entreprises de moins de 10 personnes: - 180 entreprises financées

- 18% du montant investi

Entreprises de 11 et 50 personnes: - 90 entreprises financées

- 22% du montant investi

Entreprises de 51 à 100 personnes: - 9 entreprises financées

- 6% du montant investi

Entreprises de plus de 100 personnes: - 20 entreprises financées

- 54% du montant investi

SRIB HELLOBRU BRUSTART BRINFIN B2E EXPORTBRU BRUSOC Total

Moins de 10 personnes 23 20 13 3 121 180

Entre 11 et 50 personnes 28 10 1 26 8 17 90

Entre 51 et 100 personnes 2 3 4 9

De plus de 100 personnes 10 1 3 1 4 1 20

Total 63 1 30 4 43 19 139 299

Répartition des sociétés en portefeuille suivant le personnel occupé

1. Communications & médias: 42%

2. Alimentaire : 13%

3. Services B2C : 12%

4. Services B2B : 8%

5. ICT : 6%

Ventilation suivant le secteur d’activité

Top 5 sectoriel en montant Top 3 sectoriel en nombre d’entreprises

1. Services B2C : 26%

2. Alimentaire : 16%

3. Services B2B : 12%

impact prépondérant des métiers généralement financés par Brusoc (TPE)

SRIB HELLOBRU BRUSTART BRINFIN B2E EXPORTBRU BRUSOC Total En % Nombre En %

1 Secteur alimentaire 6.119 113 1.119 494 421 8.265 13% 49 16%

2 Construction & Immobilier 844 55 1.003 69 1.971 3% 9 3%

3 Communication & Medias 19.171 4.200 207 1.212 2.580 160 27.530 42% 25 8%

4 Audiovisuel 1.274 19 168 56 1.517 2% 9 3%

5 Informatique & Electronique 1.597 789 310 889 64 3.648 6% 25 8%

6 Télécommunications 57 400 457 1% 2 1%

7 Services B2B 2.942 113 1.957 165 311 5.488 8% 37 12%

8 Services B2C 116 83 5 6.590 1.008 7.803 12% 77 26%

9 Textile, confection et manufacture 3.017 101 140 3.258 5% 19 6%

10 Biotech et Santé 1.469 178 1.647 3% 9 3%

11 Transports 261 331 424 1.016 2% 24 8%

12 Développement durable 525 170 500 53 1.248 2% 8 3%

13 Fonds d'investissement 1.063 314 1.377 2% 6 2%

Total 38.455 4.200 1.789 337 11.661 6.078 2.706 65.225 100% 299 100%

En nb sociétésRépartition sectorielle de la valeur nette comptable

Données en K€