Titre #Q1 2016

RESULTS

19 MAY 2016

DISCLAIMER

This document contains forward-looking statements. Although SoLocal Group believes its expectations are based on reasonable assumptions, these statements are subject to numerous risks and uncertainties. Important factors that could cause actual results to differ materially from the results anticipated in the forward-looking statements include the effects of competition, usage levels, the success of the Group's investments in France and abroad, and the effects of the economic situation.

A description of the risks to which the Group is exposed appears in section 4 "Risk Factors" of the SoLocal Group's "Document de référence", which was filed with the French financial markets authority (AMF) on 29 April 2016.

The forward-looking statements contained in this document apply only from the date of this document. SoLocal Group does not undertake to update any of these statements to take account of events or circumstances arising after the date of said document or to take account of the occurrence of unexpected events.

Accounting data presented on an annual basis are in audited consolidated form, but accounting data indicated on a quarterly or half-yearly basis are in unaudited consolidated form.

Business indicators covered in the presentation are for continued activities.

All financial data and indicators are published in details within the report of Consolidated financial information as of 31 March 2016 which is available on the corporate website, www.solocalgroup.com (finance area).

2 #Q1 2016 results

BUSINESS UPDATE

JEAN-PIERRE REMY

CHIEF EXECUTIVE OFFICER

Q1 2016 HIGHLIGHTS
  • Stable Internet revenues at €157M in Q1 2016 vs Q1 2015, as the growth remains constrained by bank covenants :

    Audience growth: visits +7%1, of which +27%1 mobile (representing 41% of total audience) Local Search ARPA:-1%1 (quarterly one-off step down but annual trend expected to remain within the positive long-term historical trend)

    Client base -6%1 still limited by reduced investments in client acquisition

    Digital Marketing revenues +25%1 with a very strong acceleration of local programmatic

  • Q1 2016 EBITDA2 of €52M and EBITDA2 margin of 27% flat compared to Q1 2015 thanks to

    significant cost reduction driven by sales and non sales staff decrease

  • Full compliance with bank covenants as of 31 March 2016
  • SoLocal Group is working with various investors to present an offer to its lenders and
shareholders that would drastically reduce its debt

1 Q1 2016 vs Q1 2015 2 Total (Internet + Print & Voice) recurring EBITDA

4 #Q1 2016 results

Solocal Group SA published this content on 19 May 2016 and is solely responsible for the information contained herein.
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