Altamir - Registration Document 2016

FINANCIAL AND LEGAL INFORMATION Presentation and history of the Company

1

www.altran.com

1) Business description Altrafin Participations, a holding company controlled by the Apax Funds, is the principal shareholder of Altran, with 16.8% of its capital and 27.4% of its voting rights. Altran is listed on Euronext Paris, Compartment A. Altran is a world leader in innovation and high-tech engineering consulting. Altran works with its clients over the entire value chain, fromdesign to production. The group has been providing its expertise for over 30 years to key players in the Aerospace, Automotive, Defence, Energy, Finance, Life Sciences, Railway, Telecoms andother sectors. Altran has nearly 29,000employees in over 20 countries. 2) Why did we invest? As the pioneer in its industry, Altran has developed the only international network with a comprehensive offering in innovation consulting. The company has a very strong brand in the industry and a diversified and well-balanced portfolio of blue-chip clients. At the time of investment, Apax became the core shareholder that the Group needed. 3) How do we intend to create value? The investment thesis is based upon growing sales and EBITDA through organic growth, increasing Altran’s share of the outsourced R&D market, rationalising its portfolio of activities and geographies, taking advantage of build-up opportunities and optimising costs. 4) What has been achieved? Altran’s portfolio of activities andgeographies has been actively managed. The group has exited from loss-making countries, like Brazil, and reinforced its presence in key markets such as Germany, the UK and the US. It has also targeted investments

in emerging markets (India and China) and exited from underperforming activities that were not in linewith its strategy (Arthur D. Little). The company has implemented an active build-up strategy focused on Altran’s key markets, i.e., Germany, the UK, the US, India, China, and key strategic sectors such as Embedded Software and Intelligent Systems. In 2011, Philippe Salle was appointed as CEO to implement and accelerate Altran’s growth strategy. He was replaced in 2015 by Dominique Cerutti, who presented an ambitious strategic plan called “Altran 2020. Ignition” in November 2015. 5) How is it performing? In 2016, Altran continued to grow and posted record-high revenue of €2,120m, up 9% (5.9% organic growth) compared to 2015. EBIT came in at €220m, up 18.2% compared to 2015, representing a 10.4% margin vs. 9.6% in 2015. This performance was driven by a continued positive trend in most regions where the group operates, notably France, Southern Europe and India; an encouraging turnaround in activity in Germany; and a series of acquisitions in 2016. The group completed five strategic acquisitions: Synapse (USA), Lohika (USA), Benteler Engineering (Germany), Swell (Czech Republic) and Pricol Technologies (India). Taking intoaccount the increase in its shareprice, the valuationof our investment inAltran gained€17.6mduring the 2016 financial year. 6) How will we crystallise value? The successful transformation of the company, its financial performance and ambitious objectives for 2016-2020 should increase market investor interest, as well as that of trade or financial buyers.

Sector

Country

Date of investment

Residual cost in €m

Fair value in €m 105.9

% of the portfolio at fair value

France

2008

43.0

12.1

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REGISTRATION DOCUMENT 1 ALTAMIR 2016