ODDO BHF Corporate Finance

2021
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ODDO BHF
Our values ODDO BHF

Entrepreneurial A unique Franco-German model

A family-owned company in which

employees have a stake in the
share capital and thus similar Why did the Group make this choice ? Our day-to-day cooperation enriches our businesses,
interests to clients
France and Germany are key players in the eurozone our cultures and our services to our clients

Independent
France and Germany represent:

Freedom of spirit and action France: Germany:

acknowledged by our clients

60% 50% 1,000

employees (43%)
1,300
employees (57%)
Unique of the eurozone’s stockmarket
of European exports
capitalisation

A unique Franco-German group

offering a matchless quality of
client relationship

Our positioning in these two countries enables us to provide our international clientele of retail,
corporate and institutional investors with unique expertise in the eurozone
Stable
Determination to work on a long-
term basis with clients, partners
and employees ensuring trust
and integrity Capital structure
10%
Other
Driven
Employees driven by an ideal of 30% 60%
excellence and a constantly
renewed commitment Employees Oddo family

Strictly confidential 3
ODDO BHF

The leading independent Franco-German financial group

Our Offices Key figures

Clients’ assets Net banking income

Asset
Management
Private wealth
management
Corporates & Markets
> €100bn €591m

FRANCE & TUNISIA

Solvency ratio Shareholders’ equity
1,000
16.6% €866m

Employees Fitch Ratings note

GERMANY 2,300 BBB

1,300

Strictly confidential 4
ODDO BHF

Our businesses

Asset Management Private Wealth Management Corporates & Markets

Asset Management Private Wealth Management Corporate Finance

Long-term view, long-lasting partnership Wealth management experts at the service of private clients The independent Franco-German investment bank
focusing on French and German midcaps

€59 bn €30 bn
assets under management assets under management Securities
Leading-edge research activities on the equity
and bond markets at the heart of intermediation

#1 in 2016, 2017, 2018 & 2019

Independent Financial Advisors
Innovation & expertise at the service of our IFAs partners
14 For French stocks

#1
€uro Magazin / Elite Report 2020, in 2017, 2018 & 2019

€7 bn €uro am Sonntag Handelsblatt in High Yield Research

assets under management Golden Bull in asset #1 14 times in a row

Management 2017 & 2018
International Banking
Expert in trade and export finance

Corporate Banking
Account Safekeeping & Custodial Long-term banking partner for a long-term relationship
Services
A front-to-back offer to boost our clients’ operating efficiency Metals
Global market access for metal industry

Foreign Exchange & Funds

An interface between institutional investors, issuers and the
markets

Strictly confidential 5
2
ODDO BHF CORPORATE FINANCE
ODDO BHF Corporates & Markets

A European independent player

▪ 40 FTEs
Corporate ▪ Extensive network in France & Germany
Finance ▪ Unique Franco German franchise
▪ Highly recognized expertise on 6 sectors & 5 know-hows

▪ 200 FTEs of which 60 analysts (Europe & US)

▪ #1 EXTEL in France with c. 450 stocks covered
Equities ▪
CHRISTOPHE TADIÉ 400+ roadshows
Head of Corporate & Markets ▪ Long-term partnership with Natixis

▪ 50 FTEs, sales traders & research analysts

Fixed Income ▪ #1 European Fixed Income Research
▪ 900 clients

▪ 50 FTEs
✓ c. 400 FTEs International ▪ Unique network in Emerging Markets
Banking ▪ Strong positioning in Africa & South-East Asia
✓ Wide portfolio of activities ▪ Letters of credit, pre-export financing, and structured finance

✓ Undisputable Franco German network ▪ 15 FTEs

Corporate ▪ Access to German corporates
Banking ▪ Corporate loans, payments & financial advisory

▪ 15 FTEs
Metals ▪ Acknowledged expertise in aluminum, copper and zinc
▪ Specific know-how combining hedging & logistics

▪ 10 FTEs
Foreign
▪ Current trading in all major currencies and in many emerging market
Exchange & currencies
Funds ▪ More than €16bn of assets under administration

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ODDO BHF Corporate Finance

An integrated and independent investment bank with a comprehensive offer

SECTOR COVERAGE
KNOW-HOW
and M&A

Agrifood Public M&A

ECM

Business
✓ 40 FTEs Services
✓ Leading M&A expertise in 6 sectors Debt Advisory

✓ A global offer covering all Corporate Finance

activities: Healthcare
✓ Acquisitions, disposals
DCM
✓ Financing, access to capital markets

✓ Restructuring Real Estate

✓ Local access to midmarket companies with 13
offices in Germany and 3 in France
Restructuring
Shipping

German CMA(1)
TMT and M&A

Strictly confidential Note: (1) Capital Markets Advisory 8

 Selected credentials

Agrifood Business services Healthcare

2020 2020 2019 2018 2020 2018 2017 2017 2021 2021 2021 2020

For the sale of For the sale of For the sale of

For the For the disposal For the its glazing and its vending Capital increase Capital increase For the tender
Buy-side Capital increase acquisition of the vending For the sale to
acquisition of of the French and facade business in business in €55.7m €29.8m offer on
Luxembourgish business Belgium
Norway
activities Joint Global Coordinator Joint Global Coordinator
& Joint Bookrunner & Joint Bookrunner

2018 2017 2016 2016 2016 2016 2016 2015 2020 2020 2020 2020

Disposal of For the sale of its For the sale of

Disposal of For the sale of its For the sale of
Carve-out and event catering its subsidiary in Capital increase Structured sale &
Capital increase For the transportation its subsidiary in Capital increase €27m / Secondary
business in the €20m Lease Back
sale to acquisition of Poland business Germany to placement €10m
to to Netherlands to c. €100m
Joint Global Coordinator Exclusive M&A and
Exclusive financial advisor Joint Bookrunner & Joint Bookrunner financial advisor

Deal with Natixis

Real Estate Shipping TMT

2020 2020 2020 2020-17 Ongoing Ongoing 2019 2018 - 2019 Ongoing 2021 2020 2020
Sale of
Hybrid Bond Advisory Geogas Maritime Geogas Group
Structured sale & Sell-side M&A mission on For the sale to For the carve
Public Euro Bond €145m Strategic For the
to Lease Back For the creation out and sale of Restructuring
€250m Step up €15m mission Sale & lease advisory
c. €100m for a PE fund back
of Geogas LNG acquisition of advisor to
Exclusive M&A and transactions creditor
financial advisor Joint Bookrunner Settlement Agent France

2019 2018 2018 2017 2018 2018 2020 2020 2020 2020

Advisory and
Revolving Revolving Settlement of a Advisory
valuation of the For the For the For the acquisition
Acquisition Acquisition facility Capital partnership with mission
management investment in investment from of a 35% stake in
Facility €50m €50m restructuring Financial
package
valuation
Financial advisor Exclusive financial
Financial advisor since 2013 advisor & placing agent Financial advisor
Sector expertise

Sector coverage and M&A

Agrifood Business services Healthcare

Thomas DEVINEAU Olivier LE MAIRE Christophe
Managing Director Managing Director BOURRILLY
Managing Director

Nicolas Félix ROY Félix ROY Joséphine HICTER

ECOT Director Director VP
Director

Michel Frédéric
LÉONARD DE VILLELE Leaders League 2020:
Silver Trophy M&A
Senior Senior advisory - high-tech &
Advisor Advisor healthcare

Real Estate Shipping TMT

Nadine VELDUNG Olivier LE MAIRE Jean-François
Senior Managing Director Managing Director DELPECH
Managing Director

Stéphane REMUS- Nicolas ECOT Axel ROUVIN

BOREL Director Senior VP
Managing Director

Sophie HEROUARD Philippe Sixte DE Max

Senior Advisor HETLAND GASTINES GREGGORY Leaders League 2020:
BRAULT Silver Trophy M&A
Senior Advisor VP advisory - high-tech &
Senior Advisor Partner Hetland healthcare
CEO Hetland Maritime Maritime
Strictly confidential 10
 Selected credentials

Simplified tender offer and

Initial Public Offerings & Fully Marketed Offerings squeeze out / Squeeze out

2020 2020 2019 2019 2019 2018 2018 2018 2020 2019 2019

IPO - IPO For the simplified

IPO IPO IPO IPO IPO For the simplified For the squeeze
US Nasdaq IPO Privatisation Euronext
Frankfurt SE $69m Nasdaq €7.9m Nasdaq €697m tender offer and out on tender offer and
Euronext Paris €22.4m squeeze out on
€81m $155m $604m squeeze out on
€1.9bn(1) Global Coordinator & Joint Global Coordinator Joint Global Coordinator
Joint Bookrunner Co-Manager Europe Joint Bookrunner European Bookrunner Bookrunner Co-manager & Joint Bookrunner & Joint Bookrunner

2018 2018 2018 2018 2018 2018 2018 2017 2019 2017 2017
Pixel Holding French
For the State
IPO For the
IPO IPO IPO IPO IPO IPO NASDAQ simplified Buyout offer
Euronext IPO simplified
Euronext Euronext New York SE London SE Frankfurt SE Copenhagen tender offer on
€30.1m Frankfurt SE tender offer on
€38m €50m $2,745m £360m €328m €81m
€80.5m
Joint Global Coordinator Global Coordinator & Global Coordinator & Tessi
& Joint Bookrunner Joint Bookrunner Bookrunner Joint Bookrunner Joint Bookrunner Co-Lead Manager Co-Lead Manager Co-Lead Manager

Takeover: Tender offer /

Capital increase & Secondary share offerings Simplified tender offer, and others

2021 2020 2020 2020 2020 2020 2019 2019 2021 2020 2020
Sale of

Capital increase Capital increase For the acquisition Capital increase Capital increase For the tender For the tender
€29.8m Capital increase €27m / Secondary of a 35% stake in €15.6m $500m Capital increase Capital increase to offer on
€20m offer on
placement €10m €217m €35m
Joint Global Coordinator Joint Global Coordinator Sole Global Coordinator Sole Global Coordinator
& Joint Bookrunner Joint Bookrunner & Joint Bookrunner Joint Bookrunner Co-manager & Bookrunner & Bookrunner

2019 2019 2019 2019 2019 2019 2019 2019 2020 2020 2019

Min. €19m
Capital increase financing
€600m (o/w €3.6m
Rights Issue Capital increase Capital increase Capital increase Capital increase Capital Rights issue €7m conv. bonds For the sale to
€150m placed to Redeemable
€92m €200m €35m €200m €60m increase €700m with warrants
preferred shares
the market) €12m equity line
Sole Global Coordinator Sole Global Coordinator Sole Global Coordinator Joint Global Coordinator Sole Global Coordinator
€28m Global Coordinator & Financial advisor &
& Bookrunner & Bookrunner & Bookrunner & Joint Bookrunner Co Lead Manager & Bookrunner Joint Bookrunner Joint Bookrunner Lead manager Financial advisor

(1) Including the base deal + greenshoe + employee offering Deal with Natixis Frankfurt office deals
 1
Public M&A / ECM
Know-How

A leading player in Public M&A and ECM and one of the leading tender offer presenting bank on Euronext Paris

Dedicated common team Rankings and rewards Midcap ECM, France

2015 – 2019
Number of tender offers presented (excluding share buy-back offers) since 2010*
# Bookrunner €m
ROMAIN ATTARD
BNP Paribas 47 1 ODDO BHF + Natixis 2 171
▪ Managing Director
2 BNP Paribas 1 824
▪ Head of Public M&A / ECM ODDO BHF 36
3 SG CIB 1 420
France
Natixis 35
4 Credit Agricole CIB 831
5 Deutsche Bank 550
NICOLAS DELAGE CACIB 34 6 Goldman Sachs 390
▪ Head of Legal Corporate 7 JPMorgan 346
SG CIB 33
Finance 8 Midcap Partners 293
Portzamparc 20 9 CM-CIC 255
10 Citi 242
Rothschild 19
Midcap IPOs, France
CM-CIC 15 2018 – 2019
# Bookrunner €m
Note: * Including all takeover offers but excluding share buy-back offers and tender offers
ECM add on team targeting only dilutive-financial instruments – Source: AMF 1 BNP Paribas 146
2 SG CIB 71
SYLVAIN TESSIER 3 ODDO BHF + Natixis 70
▪ Deputy Head of Equity Recognized sales force and equity research 4 Midcap Partners 67
5 Bryan Garnier & Co 31
6 Credit Suisse 19
▪ Extel 2019 ranking: #1 broker in France
7 Credit Agricole CIB 16
▪ Thomson Reuters 2019 ranking: #1 Midcap Research in France 8 Berenberg 12
AUDE BOUTARD
Source: Dealogic. Market cap.
▪ ODDO BHF Syndicate ▪ A leader on Small & Mid Caps: #1 on Midcap Research in France, < €1bn; IPO size > €20m
#1 on Sale and #1 on French Execution (Extel Survey 2019)

▪ Leading research coverage of the Mittelstand market: 134

companies followed
Décideurs Leaders
▪ Privileged access to Tier 2/ Tier 3 funds in France, in Europe et in the League 2020:
US for MidCap values, reinforced by the integration of ODDO BHF Gold Trophy in
Capital Markets
▪ Exclusive partnership on ECM transactions with Natixis since 2018

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Debt Advisory 2

Know-How

Leading player in financial advisory in traditional and alternative financing

Dedicated team Selected credentials

2020 2019 2019 2019 2019 2019 2019

LAURENT BONNIN
▪ Managing Director For the investment
For the
Bank refinancing
For the sale to acquisition of Unitranche €50m + €30m
▪ Head of Debt Advisory from
RCF financing refinancing Facility Acquisition
€140m
M&A and financing M&A and financing M&A and financing c. €240m
advisory advisory advisory Syndicated loan
2018 2018 2018 2018 2017 2017 2017
BENOIT SERINGE
▪ Executive Director
Unitranche for the
▪ Debt Advisory Acquisition of Debt advisory Acquisition Refinancing & Refinancing &
carve-out and Acquisition
c. €400m sale to financing growth financing exit of Pragma
financing
€24m €41m + €15m Capital
advisory TLB €55m
LBO Financing Capex

JEAN-MICHEL MOINADE
Management Packages Interest rate risk management
▪ Senior Advisor
▪ Risk hedging, valuation & 2020 2020 2020 2020 Since 2017 Since 2013
management packages Large Cap
Company

Valuation of Valuation of Valuation of

Foreign Exchange
performance performance performance Interest rate risk Interest rate risk
risk
shares shares shares

Structuring of bank debt, institutional

private debt, senior stretch, unitranche, 2020 2020 Since 2009 Since 2009
mezzanine or special situation instruments

Co-investment Co-investment Interest rate risk Interest rate risk

managers managers

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Debt Capital Markets 3
Know-How

A DCM specialist with solid German footprint

Dedicated team Selected credentials

2021 2020 2020 2019-20 2019

NADINE VELDUNG

Public Bond
▪ Senior Managing Director Min. €19m

issues
Convertible Bond financing Public Euro Bond Convertible Bond
▪ Head of DCM High Yield Bond
€1.1bn €7m conv. bonds €250m €50m 2.35% -
with warrants €400m
2025 / 2028 3.625% - 2023 2024
€12m equity line 9.625% - 2024
Joint Global Coordinator Financial advisor & Tap €40m / 2.75%
& Joint Bookrunner Lead manager Joint Lead Manager Sole Bookrunner Co Lead manager

RAPHAËL DE RIBEROLLES 2019-17 2019-18 2018 2018 2017

▪ Managing Director

Euro Private
Placements
▪ Head of DCM & Syndicate Euro Private Euro Private
Private Placement Euro Private
Placement Private Placement
€33m / 4.5% Placement Placement
€20m / 5.4% €90m / 2.98%
+ €21m / 4.25% €135m / 3.5% €25m / n.d.
+ €10m / 5.1%
Financial advisor & Exclusive financial Exclusive financial Exclusive financial Financial advisor &
Sole Bookrunner advisor & placing agent advisor & placing agent advisor & placing agent bookrunner
LINDA SIMONET
▪ Director Transaction executed within the JV framework with ABN AMRO

Expertise of DCM Team Expertise of Fixed Income Team

▪ Rating advisory ▪ European Credit Research: over 400

NICOLAS DELAGE
▪ Head of Legal Corporate
Finance
Assisting non-rated mid-sized companies
to access the primary Bond market or to
optimise their ALM
Assisting High Yield Bond issuers in their
placement syndicate by bringing
diversification and liquidity
▪ Structuration of Bond issues: companies covered thanks to 12
analysts
− Senior
− Convertible ▪ Issues on the primary bond market and
market making on the second market
− Subordinated / Hybrid
− 1,500 bonds listed in real time
− Euro PP
− 36 professionals / Over 900 clients
− Schuldschein
▪ Décideurs Leaders League 2020: ▪ Euromoney 2019:
− Gold Trophy in Capital − #1 on Fixed Income
Markets Research (Europe)
− #1 in High Yield Research
(Global)

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Special situations & restructuring 4

Know-How

Longstanding expertise

Dedicated team Selected credentials

Private companies Listed companies

NADINE VELDUNG Ongoing Ongoing Ongoing 2020 2020 2020

▪ Senior Managing Director Project V
Project D Disposal of the Company
▪ Head of Special situations & For the sale of French and
advisor for the
Shareholder Company public takeover
Restructuring its French Restructuring Luxembourgish
advisor advisor in distressed
activities to advisor to activities
context of
creditor M&A advisor to
Vapiano SE

2020 2019 2019 2019-20 2018 2017

French State
Thanks to an extensive know-how in For the carve out Financial advisor
distressed situations, we are able to advise and sale of / acquisition of Buyout offer
Shareholder Company Capital increase
companies (especially listed), advisor advisor €112m
shareholders, creditors in special cases
France

2017 2016 2016 2016 2014 2014

Décideurs Leaders League 2020:

Silver Trophy in Financial Restructuring For the simplified For the simplified For the squeeze
Restructuring Restructuring tender offer and out of
restructuring advisory advisor / sale of tender offer on
squeeze out on

Our mission Our Unique Selling Proposition

✓ Advising companies in stressed and distressed situations ✓ Recognized expertise

✓ Advising shareholders on their different options including distressed sale ✓ Understanding of Capital Markets Restructuring
✓ Advising investors in special situations, recovery cases ✓ Long standing contracts to distressed investors
✓ Advising creditors when they have credible plans

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 5
Capital Market Advisory and M&A in Germany
Know-How

Recognised know-how in complex transactions

Dedicated team Selected credentials

2020 2019 2019 2019 2019 2019 2019

NADINE VELDUNG
▪ Senior Managing Director
For the sale of
▪ Head of Corporate Finance its subsidiary in Schuldschein- Schuldschein- Admission of
Germany Germany to darlehen / Rights offering Issuing of a Tap of a secured darlehen /
secured bond bond shares /
Promissory notes Promissory notes regulated market
Exclusive financial advisor loan (SSD) loan (SSD)

JOHANNES VON NEIPPERG 2018 2018 2018 2018 2018 2018 2018
▪ Managing Director
▪ Head of M&A Germany Public takeover FAIR
VALUE REIT-AG and Comfort Enterprise
Capital increase Settlement of mandatory takeover Takeover of Admission of (Germany) GmbH For the sale to
with subscription scrip dividend offer DEMIRE Constantin conditional Additional Payment
rights Deutsche Mittlestand Medien AG capital of the minority
Real Estate AG shareholders
DIETMAR SCHIEBER
Introduction through Private Wealth Management
▪ Managing Director
▪ Head of CMA
Focus on German SMEs Tailor-made approach

✓ Small & Mid Cap companies in the DACH region, ✓ Long-lasting customer relationships, short decision
with an international dimension paths and customized solutions
SANDRINE RICHARD
✓ Opportunity for cross selling and high export quota ✓ Constant advisory support on strategic issues
▪ Managing Director
related to business development and financial
planning

Germany-wide coverage Independent consulting

✓ Local access to mid market companies ✓ Independent evaluation of different financing

The CMA team advises listed and unlisted
companies on all Capital Markets issues
(mittelstand) with 13 offices products with 30 years of experience in leveraged
operations
✓ An experienced and very reliable team of 10
professionals ✓ Structuring of loans, securities issues and
guarantees with short and medium-term maturities

Strictly confidential 16
 CONTACT

ODDO BHF

12 Boulevard de la Madeleine
75009 Paris
+33 1 44 51 82 86

Bockenheimer Landstraße 10
60323 Frankfurt
+49 69 718 2906

oddo-bhf.com

This document has been prepared by ODDO BHF SCA – Corporates & Markets for information purpose only.
The materials contained in this document have been prepared by ODDO BHF SCA – Corporates & Markets from public information available on the Company. ODDO BHF SCA – Corporates &
Markets assesses that such information is fair, true and accurate and therefore did not carry out any independent verification in connection therewith. ODDO BHF SCA – Corporates & Markets
gives no guarantee, representation or warranty, express or implied, as to the accuracy, completeness and correctness of the information contained in this document.
The information and analysis included in such document shall not create any liability towards ODDO BHF SCA – Corporates & Markets nor constitute the unique basis of an investment making
decision. Opinions expressed herein reflect the judgement of ODDO BHF SCA – Corporates & Markets as of the date hereof and may be subject to change without notice if ODDO BHF SCA –
Corporates & Markets becomes aware of any information which may have a material impact on any such opinions. ODDO BHF SCA – Corporates & Markets does not accept liability for any direct,
consequential or other losses arising out from reliance on these materials.
This document, including its content, belongs to ODDO BHF SCA – Corporates & Markets and is strictly confidential. It must not be disclosed or made available, by any means, in whole or in part,
or summarized, without the prior written consent of ODDO BHF SCA – Corporates & Markets , to any third party (individual or legal entity).

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