1. Corporate Profile
Antalis is the leading European distributor of papers and packaging products, ranking #4 worldwide, with sales of 3.4 billion Euros in Our 7,100 employees serve more than 230,000 print and business customers worldwide, in 53 countries.

2. Our Business Scope Antalis operates in four business areas
20/04/2017
Our Business Scope
Antalis operates in four business areas
Print: providing coated, uncoated, specialty & creative papers, envelopes and graphic supplies for printers and graphic designers, publishers, communications agencies
Office: distributing copier paper, envelopes and office consumables to resellers, companies and to corporation and public sector administrations
Packaging: offering packaging consumables, machines, systems, solutions and additional services for the protection of goods to all industries, printers and offices
Visual Communication: supplying specialists with paper, board, plastics used to create quality signage and display 2

3. Our Presence in the World
Quick facts
Present in 53 countries across 5 continents
2,6 million tonnes of paper sold every year
7,100 professionals worldwide out of which more than 2,500 sales representatives
Antalis operates in Europe from South to North and Eastern countries and in Asia Pacific, South Africa and South America
Through a commercial alliance with xpedx, Antalis can serve its international customers in North America 3

4. Our Strategy
To propose value added product ranges and innovative services for our Business-to-Business customers, based on optimised sales channels and supply chain organisations
To enter resolutely into the e-world to increase our efficiency and better meet our customers needs
To provide our customers with a large range of environmentally friendly and recycled papers, in line with our commitment to sustainable growth. 4

5. 2008 Sales Breakdown
By segments
By geographic areas
7 %
Rest of the world
3 %
VisCom
1 %
Others
3 %
Promotional
Products*
20 % UK
5 %
Packaging
15 %
Eastern Europe
12 %
France
23 %
Office
65 %
Print
* Disposal of Promotional Products activity in March 2009
46 %
Western Europe (exl. France & UK) 5

6. Leading the European Market#1 #2 #3
Quick facts
Present in 27 European countries and #1 in 16 countries
30,000 deliveries per day throughout Europe
Critical mass in Europe
Market shares
>20%
<20% #4 6

7. Merchanting Market Consolidation7

8. Our Financial Status On solid ground Quick facts (2008 figures)
Antalis is a fully owned subsidiary of Sequana, a French company listed on the Paris stock exchange.
Antalis is a profitable paper distributor
Quick facts (2008 figures)
Turnover: 3.4 billion €
Current Operating Income: 92 million €
ROS: 2.7%
ROCE: 12.5% 8

9. 2009 Interim Results Key Figures Fist Half 2009 Highlights
Turnover: 1.4 billion €
Recurring Operating Income: 39 million €, down 24% vs H1 08
Operating margin very resilient at 2.8%, down 0.3 points vs H1 08
ROCE: 10.8%
Fist Half 2009 Highlights
A particularly tough market environment in H1 2009
Sharp decline in volumes, down 17%
Downturn worse in Europe and Asia; South America is the only region to report growth
Positive impact of the synergies from the integration of Map activities
Tight cost management to counter the decline in volumes 9

10. 20/04/2017
Our Management 10

11. Customer Focus
From printers, publishers and advertising agencies to major corporations and public administrations, our customers are at the heart of our strategy.
Anticipating our customers needs and developing comprehensive product ranges and services are constant drivers for our people.

12. Providing Full Services
Professional and experienced staff to guide our customers to find the most appropriate solution
A wide range of services
Sampling
E-commerce solutions
Converting for paper and visual communication products
Showrooms
Strong logistics to respond quickly and fully to customers needs in all our markets
Complete national coverage in all countries
Coverage same day delivery or D+1 for all main cities worldwide
Availability of our ranges
Solutions activity either for our customers or for third parties
Rack jobbing, storage and deliveries management
Paper management 12

13. Our Products Well-known local and international brands A vast choice
Antalis offers the widest and most consistent range of products wherever our customers are present in Print, Office, Packaging and Visual Communication.
A vast choice
The largest number of references of paper and envelopes
An extended range of visual communication products
A full range of packaging solutions 13

14. Our Print and Office Businesses
20/04/2017
Our Print and Office Businesses
Largest European distributor for specialty papers
Covering the needs of the graphic arts and design industries
An extensive range including creative, coated, offset and carbonless paper, boards, labels and envelopes
Key customer benefits
Professional advice and personalised services
Innovative solutions adapted to new developments in printing technologies
European leader for paper and office consumables
Covering the needs of resellers as well as of companies and administrations
Full product range throughout Europe
Local expertise with backing of international group
Supply chain optimisation for improved efficiency 14

15. Our Envelopes Business
20/04/2017
Our Envelopes Business
European manufacturer and distributor of stock and bespoke envelopes serving the needs of printers, office customers and administration
Quick facts
Factories located in Belgium, Spain and Portugal
Total annual production capacity of 2 billion envelopes
Over 1,600 stock references
Key customer benefits
Assorted range of paper and matching envelopes for mailing machines and business stationery, standard and customised formats
Unique source for all paper and envelopes
Distribution of leading brands
Next day delivery 15

16. Our Visual Communication Business
20/04/2017
Our Visual Communication Business
The widest range of paper, board, plastics to apply on commercial signs, advertising panels, point-of-sale materials, LFP, etc.
Key customer benefits
Dedicated European sales force
Widest range of services available in the market
Converting centres for non-standard formats in small quantities
Distribution of leading brands 16

17. Our Packaging Business
20/04/2017
Our Packaging Business
A large offer of Packaging solutions
Industrial Packaging: solutions to ensure that industrial goods remain in perfect condition throughout the entire production, transportation and storage chain
Packaging for Print and Office customers
Quick facts
35,000 customers in Europe
Over 1,500 references
Team composed of more than 250 sales people
Key customer benefits
Full range of products, consumables, equipment and systems throughout Europe
Customised services and solutions
Single sales contact thanks to international business scope
Expert advice for supply chain optimisation 17

18. Responsible Business
Antalis is committed to contributing to sustainable development through our businesses, operations and people. Our sustainable development charter guides our actions for responsibility in economic, social and environmental issues

19. Responsible Choices Sustainable development
Products: in keeping with strict standards for sustainable development and environmental impact reduction
A full range of environmental friendly products: recycled, FSC and PEFC
Chain of custody ensured throughout the product lifecycle
Certification: FSC and PEFC implemented or under way in all the countries
Partners: with demonstrated environmental and social achievements and goals
Communities: local economic development supported through our activities
Charities: local programmes and national charities sponsored 19

20. Employee Focus
With 7,100 employees across 53 countries, employee welfare is a constant and primary consideration, spanning health and safety in the workplace through training and career development

21. Assuring Staff Personal Development
Antalis ensures
A safe and healthy working environment
Work practices based on respect, empowerment and trust
Training programmes for career development
Diversity in management personnel
Antalis’ values 21

22. APPENDIX

23. International Sales AIKA: Antalis International Key Accounts
Large international companies are more and more willing to centralise their paper purchase at European and Worldwide level.
Antalis has a dedicated International Key Accounts team responsible for supplying solution to companies with offices all over Europe, offering consistency of a wide range of paper and packaging products and services.
Serving the needs of international companies
Requests for information and proposals
Participation in tenders
European negotiations
Introducing the local Antalis contacts
Supporting local teams in the implementation of the contract and provision of management information at European level 23

24. xpedx Commercial Alliance
Objectives of the alliance
Antalis has signed a commercial alliance in the US and Mexico with xpedx in order to better answer the needs of very large international companies
Accompany some of our international customers in their worldwide development, in a region where we are not present
In the same way, offer xpedx customers a wide range of products and services in regions where they are not present (Europe, Asia, South America)
The alliance encompasses the following product families
Paper (Print and Office)
Packaging 24

25. xpedx Commercial Alliance
Who is xpedx
xpedx: largest distributor in North America
Over 7,640 employees of which 1,540 salespeople
10 million sq. feet of warehousing
1,300 trucks
108 divisions and 157 retail stores
Third largest division of International Paper
World leader in forest products
Presence in 50 countries
Leading national distributor
Graphic imaging equipment and supplies
Printing paper and publishing sales
Packaging equipment and supplies
Global leadership in environmental issues
First North American paper merchant to have both SFI and FSC chain-of-custody certifications
One of the largest providers of post-consumer waste content and recycled printing papers in North America 25