DECEMBER 3, 2014 | SLIDE 1

ANNOUNCING THE REALDOLMEN HALF YEAR RESULTS

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2014

PRESS & ANALYST MEETING

DECEMBER 3, 2014 | SLIDE 2

AGENDA

RealDolmen – overview

Key Figures Half Year 2014-2015

Operational Review & Outlook

Q & A

DECEMBER 3, 2014 | SLIDE 3

OVERVIEW

Marc De Keersmaecker

General Manager RealDolmen

DECEMBER 3, 2014 | SLIDE 4

OVERVIEW - HIGHLIGHTS

Half year turnover growth of 1,5% in continuing

operations

after divesting our French subsidiary Airial Conseil

with strong products turnover

slightly decreasing service turnover

1,4% REBIT margin from continuing operations

Solid financial structure reflected by a sound net cash

situation

DECEMBER 3, 2014 | SLIDE 5

OVERVIEW - COMMENTS

Weak H1 results

Infrastructure Products business has been performing well

Professional Services Infrastructure is lagging behind. Corrective

actions taken in the meantime

Professional Services Application picking up speed after slow first

quarter

Business Solutions division showing successes with Hospital/AX and

our archiving solutions (AOFXDM), but other solutions slower to

improve

Intensified sales effort & close cost monitoring should substantially

improve the results of H2

Turnover and EBIT of our French subsidiary Airial, sold to Gfi

Informatique in June 2014, are recorded as discontinued business

DECEMBER 3, 2014 | SLIDE 6

SOME REALIZATIONS

2 new Hospital/AX customers signed, bringing the total

to 6 Hospitals running on our healthcare solution.

RealDolmen will run the VO Store, the ICT-products

purchasing channel for all Flemish government

instances

Won the DELL EMEA Mobility Solutions Award for the

Solution Delivered at Wit-Gele Kruis

DECEMBER 3, 2014 | SLIDE 7

2014 CLASS OF ACADDEMICTS STARTED

DECEMBER 3, 2014 | SLIDE 8

ETHICAL & SUSTAINABLE BUSINESS INITIATIVES

DECEMBER 3, 2014 | SLIDE 9

KEY FIGURES HY 2014/2015

Paul De Schrijver

CFO RealDolmen

DECEMBER 3, 2014 | SLIDE 10

Professional

Services

TURNOVER H1 2013/14 TO H1 2014/15*

Infrastructure Products

Business Solutions

Total Group

H1

2013/14H1

2014/15

€19,8

mio€19,6

mio

H1

2013/14H1

2014/15

€34,0

mio€30,8

mio

H1

2013/14

H1

2014/15

€49,1

mio

€51,0

mio

Services

H1

2014/15

€102,8

mio€101,3

mio

H1

2013/14

* Of continuing operations

DECEMBER 3, 2014 | SLIDE 11

H1

2013/14

6,2%

14,0%

Professional ServicesH1

2013/14

H1

2014/15

-7,6%-6,5%

Business

Solutions

H1

2013/14

H1

2014/15

-1,6%-1,4%

Corporate

1,4%

5,6%

Total Group

H1

2013/14H1

2014/15

4,6%

4,1%

Infrastructure

Products

H1

2014/15

MARGINS BEFORE NON-RECURRING H1 2013/14 TO

H1 2014/15*

H1

2013/14H1

2014/15

* Of continuing operations

DECEMBER 3, 2014 | SLIDE 12

NET PROFIT BREAKDOWN

€-0,3

mio

Financial

Result

H1

2013/14

H1

2014/15

€1,4

mio

€5,7

mio

REBIT Taxes

H1

2014/15

-€3,3

mio

-€0,9

mio

Net Profit

discontinued

operations

€0,1

mio-€0,1

mio

EBIT

H1

2013/14H1

2014/15

€0,8

mio

€5,7

mio

-€0,1

mio

-€0,6

mio

€0,0

mio

Non-

recurring

Items

FY

2012/13

€0,7

mio

€5,5

mio

Net Profit

continuing

operations

H1

2013/14

H1

2014/15

-€2,6

mio

€4,5

mio

Net Profit

H1

2013/14

OUTLOOKWe expect REBIT to be around mid-single digits in H2.

FY

2013/14H1

2013/14

H1

2014/15

H1

2014/15H1

2013/14

H1

2014/15

H1

2013/14

DECEMBER 3, 2014 | SLIDE 13

CASH/DEBT POSITION

Cash (2)

Convertible debt (July 2012)

Other debt

(1) Last Twelve Months (LTM) Ebitda at relevant date

(2) Cash = Cash + Assets held for trading + other Financial Assets

Net debt

Ebitda (1)0,0

March ‘12

€51,6

mio€51,1

mio

€9,7

mio

€41,4

mio

-1,2

March ‘13

€23,6

mio €20,1

mio

-0,3

March ‘14

€23,4

mio€19,6

mio

September ‘14

€25,2

mio€16,9

mio

-1,1

DECEMBER 3, 2014 | SLIDE 14

OPERATIONAL REVIEW &

OUTLOOK

Marc De Keersmaecker

General Manager RealDolmen

DECEMBER 3, 2014 | SLIDE 15

SUMMARY & OUTLOOK FOR H2

For entire FY 2014/2015 expectations for turnover of

our continued operations close to last year

Professional Services to grow slightly

Business Solutions revenue limited growth

Product turnover to decrease due to a more challenging

datacenter market

H2 REBIT margins on continued business to be mid-

single digit

Confident towards future

DECEMBER 3, 2014 | SLIDE 16

Q & A

DECEMBER 3, 2014 | SLIDE 17

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