Altamir - Registration Document 2016

1

FINANCIAL AND LEGAL INFORMATION

Selected financial information

PORTFOLIO PERFORMANCE 19% average Ebitda growth in 2016 Year-over-year Ebitda growth, in % (Sources: company reports or analysts’ consensus as of 3 March 2017)

19%

15%

12%

9%

9%

7%

7%

4%

2%

-5%

-1%

-1%

2011 vs 2010

2012 vs 2011

2013 vs 2012

2014 vs 2013

2015 vs 2014

2016 vs 2015

CAC 40 companies excluding financials (sample of 34 companies) Apax Partners France portfolio; sample of 17 companies accounting for 91% of Altamir total portfolio value as of 31/12/2016 (7.2% average Ebitda growth in 2016 for the companies held via Apax VIII LP)

VALUATION MULTIPLES Average multiples at 31/12 weighted by each company’s contribution to NAV

DEBT MULTIPLES Average multiples at 31/12

(Enterprise value / LTM Ebitda)

(Total net debt / LTM Ebitda)

10.46x 10.66x

3.1

4.1x

1.0

17

17

2016

2016

14

2015

2.9

3.9x

1.0

14

2015

14

2014

9.46x

2.8

3.7x

0.9

14

2014

15

8.86x

2013

2.7

3.8x

1.1

15

2013

15

8.30x

2012

2.4

3.7x

1.3

16

2012

16

9.00x

2011

2.5

3.8x

1.3

16

2011

19

8.83x

2010

3.0

4.0x

1.0

18

2010

20

9.31x

2009

3.2

4.6x

1.4

21

2009

8.47x

21

2008

4.1x

3.1

1.0

21

12.34x

16

2007

2008

Enterprise value / LTM Ebitda # of companies*

LBO debt

Operating debt

# of companies*

* 17 companies accounting for 91% of portfolio value. 11.9x in 2016 for companies held via the Apax VIII LP fund, vs 11.9x in 2015.

* 17 companies accounting for 91% of portfolio value. 4.8x in 2016 for companies held via the Apax VIII LP fund, vs 5.3x in 2015.

10 REGISTRATION DOCUMENT 1 ALTAMIR 2016

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