Altamir - Registration Document 2016

FINANCIAL AND LEGAL INFORMATION Analysis and comments on the financial year

CONSOLIDATED (IFRS) BALANCE SHEET

2016

2015

2014

(in thousands of euros) Total non-current assets

1

875,162 79,846

697,392 47,095 744,487 679,281

555,148

Total current assets TOTAL ASSETS

75,150

955,008 789,503

630,297 585,826

Total shareholders’ equity

Amount attributable to general partner and Class B shareholders

44,011 34,048 87,447

39,143 16,399 9,663

28,850

Other non-current liabilities

10,159 5,462

Other current liabilities

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY

955,008

744,487

630,297

The change in non-current assets, composed of the total of equity investments held, directly or through the Apax France VIII, Apax VIII LP, Apax France IX andApax IX LP funds, resulted principally fromdivestments, investments and value creation in portfolio companies. The change in shareholders’ equity for the year was as follows:

(in thousands of euros) Shareholders’ equity as of 31 December 2015 Consolidated (IFRS) earnings for the period

679,281 129,020

Transactions on treasury shares

207

Other adjustments

1,426

Distribution of dividends to holders of Class A shares SHAREHOLDERS’ EQUITY AS OF 31 DECEMBER 2016

-20,432 789,503

THE COMPANY’S STATUTORY EARNINGS

Statutory net income for the financial year 2016 was €79.3m, compared with net income of €38.2m for 2015. Accordingly, at their 28April 2017 General Meeting, shareholders will be asked to approve the statutory earnings for the year ended 31 December 2016, showing a profit of €79,331,454.

Due to the specific nature of its business, the Company does not post sales revenues. Statutory net income is not representative of the quality of Altamir’s portfolio, nor of its performance. This is because, in contrast to IFRS, the statutory statements reflect impairment recognised against securities held, but not unrealised capital gains.

This item breaks down as follows:

2016 -9,310 88,596

2015

2014

(in thousands of euros)

Income from revenue transactions Income from capital transactions

-8,899 47,060

-9,853 65,819

Extraordinary income Extraordinary expenses

98 52

142

97 49

118

Purchases and other external expenses NET INCOME

79,331

38,186

56,015

63

REGISTRATION DOCUMENT 1 ALTAMIR 2016