Antalis is a leading European distributor of paper, visual communication and packaging solutions with 5,585 employees across 44 countries. In 2014, Antalis reported €2.5 billion in sales. The company has four business sectors: print (60% of sales), office (22%), packaging (12%), and visual communication (6%). Antalis aims to strengthen its leadership position in paper distribution through value-added products and supply chain optimization, while expanding in packaging and visual communication through organic growth and acquisitions.

1. JUNE 2014
Antalis
Corporate Presentation
July 2015

2. Overview
5,585
Employees
in 44 countries
2
1.8
Million tons
of paper delivered
each year
€ 2.5
Billion in sales
120,000
Customers
118
Distribution
centres
14,000
Deliveries per day
in the World
• No.1 European merchant for paper, visual communication and packaging solutions
• No.2 Worldwide
Click here to see Antalis movie
2014 figures

3. Antalis Presentation September 2014 3
Worldwide Presence
3
44
Countries
5
Continents
1.8
Million tons of
paper delivered
each year
41%
25%
12%
13%
9%
Rest of Europe 41%
UK 25%
Eastern Europe 12%
France 13%
Rest of the World 9%
2014
Turnover
by geographic
areas

4. 60%
PRINT
6%
VISUAL COMMUNICATION
22%
OFFICE
12%
PACKAGING
4 Business Sectors
4
2014 Turnover by business sector
Print
Office
Packaging
Visual
Communication
Widest range of coated and uncoated papers, creative papers and envelopes as well as specialty products such as carbonless,
self adhesive papers and paper for digital printing - Printers, graphic designers, advertising agencies
Complete range of cutsize papers, with envelopes, suitable for all digital printing techniques - Large corporations, Government
organisations, trade resellers
Large offer of consumables, machines, solutions and additional services for protecting goods in transit and in storage - Manufacturing
and service companies
Large Format Printing materials (boards, plastics, papers) for indoor and outdoor advertising and interior decoration to the graphic
industry - Large Format Printing specialists, screen-printers, commercial printers, repro houses

5. Antalis Presentation September 2014 5
Leading the European Market
5
28
European
countries
No.1
In 10
countries
Around
20%
Paper merchanting
market share
Source: Antalis estimates
1
1
1
1
1
1
1
11
2
2
2
2
2
2
5
3
2
4
4
2
1
4
3
3 3
2

6. Antalis is a fully owned subsidiary of Sequana, a French company listed on the Paris stock exchange
6
Solid Financial Results
€ Millions 2014 2013 2012
Sales 2,585 2,528 2,695
EBITDA 80 70 83
% EBITDA 3.1% 2.8% 3.1%
ROI 55 44 52
% ROI 2.1% 1.7% 1.9 %
Net Debt 250 199 245
Antalis Financial Results
Turnover 2014:
3.4 billion €
Turnover 2014:
2.5 billion €
Turnover 2014:
1 billion €

7. 7
Treasury Shares:
0.19%
Bpifrance
participations: 19.68%
DLMD (incl. Pascal
Lebard): 3,28%
Group Allianz: 8,06%
• Repositioning the Group on promising segments
• Strengthening its financial structure
Sequana Pursuing its
Long Term Development
Shareholding structure
30th April 2015
Public:
68,79%

8. Management Team
8
Marketing & Purchasing
Xavier JOUVET
Packaging
Tassilo STEINBACH
Creative Papers
Jonathan MITCHELL
Human Resources
Andrew JORDAN
Western Europe
Stéphane COURTOT
UK, Ireland & South Africa
David HUNTER
South Africa
Raymond WALDECK
Middle Europe
Dieter BECKER
Central, South, East Europe
Christophe HUNAUT
Nordic & East
Jukka SILVENTOLA
Hervé PONCIN
Pascal LEBARD
CFO
Xavier ROY-CONTANCIN
MIS
Philippe MENILLET
Communication
Sylvie NOQUE
General Counsel
Antoine COURTEAULT
COO
CEO
Asia Pacific
Miranda HUI
Latin America
Alvaro IDE

9. Antalis Presentation September 2014 9
To strengthen our leadership in our
core Paper distribution activities,
focusing on added value products and
optimised sales channel, as well as
supply chain organisation, supported by
expansion in emerging countries.
To develop additional business in the
Packaging and Visual Communication
sectors through organic growth and
acquisitions.
Strategy
9

10. * Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Norway, Portugal, Spain, Sweden,
Switzerland, United Kingdom.
Abitek
Packaging merchant
2012
Ambassador
Packaging merchant
2012
Pack 2000
Packaging solution
provider
2012
Branopac
Packaging merchant +
converting
2012
Xerox Document Supplies
Europe Business
in 16 countries
In Western Europe*
2013
Macron
Visual communication
merchant
2011
Main Acquisitions since 2011
10
1st Class Packaging
Donington Packaging Supplies
Parkside Packaging
(From PaperlinX UK)
2015
PaperlinX A/S
Packaging+ Visual Com
2015
Hansapakend
Packaging
2015
Cadorit i Boras AB
Visual Com
2015

11. 11
Print Business
• Largest European merchant for paper, boards, envelopes and added value products such as synthetic & labels
• Committed to developing key initiatives that have a positive impact on the future business:
– d2b: to help our customers develop their digital business
– Green Connection: to help our customers achieve Green excellence
– Creative Power: to support our customers in expressing their creativity
• Strong brands deployed worldwide
• Strategic suppliers: Arjowiggins, UPM, Stora Enso, Portucel Soporcel, …
Print 60%
2014 Turnover by business sector

12. 12
Office Business
• European leader for office papers (A4, A3,
digital formats)
– Covering the needs of Trade Resellers as well as of
large Corporations and Government organisations
– Extensive range of papers for colour printing,
optimum white papers, everyday papers, light
weight papers, recycled and tints
• Key customer benefits
– Full product range throughout Europe
– Local expertise backed by strength of international
group
– Supply chain optimisation for improved efficiency
2014 Turnover by business sector
Office 22%
Key
milestones
2013
Antalis acquires
Xerox Document
Supplies Europe
business
2015
Antalis buys
Data Copy brand
from Metsä Board

13. 13
Packaging Business
• A large offer for all Antalis customers
– Packaging materials, systems, solutions and services
• Key customer benefits
– One stop shop for packaging
– International key account management
• Masterline
– Antalis Brand for packaging material and machines
Packaging 12%
2014 Turnover by business sector

14. 14
Visual Communication Business
• Complete line of flexible and rigid media for signage, decoration, outdoor and POS advertising
• Dedicated sales force in every country to provide reliable expertise on all materials
• Dedicated service of our logistic facilities enabling non-standard formats converting
• Distribution of leading brands i.e. Oracal, Avery, Forex, Dibond for plastic or aluminium plates
• Coala: comprehensive range of flexible LFP media to be recognised by the digital community as a specialist
2014 Turnover by business sector
Visual Communication 6%

15. 15
d2b: “digital-to-business”
• Rapid growth of the digital printing market enhanced by high-technology
• The d2b initiative acts on the market to strengthen cooperation between OEM, printers and brand-owners
• The Antalis portfolio offers the broadest range of substrates suitable for digital printing presses
• Certified for dry toner, liquid toner and high-speed inkjet
$141 Million*
Global Digital Print
2014
$200 Million*
Global Digital print
2019
*Source: PIRA Digital Printing 2012
(constant 2012 prices and exchange rates)

16. 16
The Antalis Creative Power Initiative
• Antalis is “the” creative papers merchant: a multi-specialist with the broadest range of creative papers in
the market
• Full range of services to help designers, printers and end-users choose the right media :
samples, show-room, trial packs, training, dummies
• A dedicated team of experts
• Participation in local design events and partnerships with local design schools

17. 17
Providing Full Services
• Strong logistics network to quickly and fully respond to customer needs all over the world
National
coverage
in all
countries
Same day
delivery
for all main
cities
D+1
delivery
Availability
of all
ranges
• Professional and experienced staff to guide our customers to find the most appropriate solution: full array of
services from business networking, selection assistance, expert consulting in graphic arts and packaging,
sustainable development support, online, product personalisation, value added logistic to customer care
• Supply chain service provider for our customers or for third parties

18. 18
Sales/Commercial Approach
• The Antalis commercial approach:
Sales
advisorsTelephone
account
managers
Field
sales
Backselling
/ paper
consultant
@
E-commerce
• Antalis customers can access a full webstore catalogue in more than 30 countries
• Over the world, Antalis websites received more than 2,8 million visits in 2014
• Antalis served more than 1.5 million e-commerce orderlines, saving users time and effort
• 8,000 regular customers take advantage of our new website, definitively easier, faster and
richer!

19. 19
International Sales
• AIKA: Antalis International Key Accounts
– Large international companies and printing groups are more and more requesting to centralise their
paper and packaging sourcing at European and Worldwide level
– Antalis has dedicated international key accounts teams in charge of supplying solutions to companies
with offices all over Europe
• Serving the needs of international companies
– Participation in tenders (RFI, RFP)
– European negotiations and contracts
– Introducing the local Antalis teams for day to day management of the business
– Follow-up during the implementation of the contract and provision of reliable management information
at European level

20. 20
Responsible Business
Pascal Lebard, CEO
“Sequana aims to make profitable business on the long term, with
strong ethical and responsible values, including economic,
human, social and environmental issues. Our Responsibility is to
ensure that the core values of the group are implemented and
reinforced in our day to day business”.

21. 21
4 Key Pillars of CSR Policy
Elaborate a CSR
policy and related
reporting processes
and network
1
Implement a
Business ethics
policy
2
Enhance product
traceability
3
Better manage
energy consumption
and energy
efficiency
4
Improve water
consumption and
water discharge
5
Insure a safe and
healthy work
environment
Develop diversity
and skills policy
Enrich eco-
responsible
products range
Governance
NaturalReosurces
People
6
7
ProductsOffer
7

22. 22
The Antalis Green Connection Strategy
• To commit to environmental excellence in Antalis’ every day business
– Multi-site FSC & PEFC certification with 35 Antalis entities
– Local initiatives: Green Days, services, catalogues…
• To support Antalis customers in their own commitment
– Full range of services (consulting, training..) and tools (environmental calculator, samples, brochures…)
– Eco-responsible product offering: one of the broadest ranges on the market, ranked through the Green Star System taking into
account the origin of the fibres and the manufacturing process
• To ensure responsible sourcing of the products
– Supplier code of conduct
– Sustainable wood pulp and paper sourcing policy
– Product traceability process with the implementation
of a unique on-line suppliers platform

23. 23
Employee Focus
2014 EMPLOYEES BY GEOGRAPHIC AREA
FRANCE
8%
UK
19%
WESTERN EUROPE
(excl FR & UK)
34%
EASTERN EUROPE
18%
REST OF THE WORLD
21%
With 5,585 employees across 44 countries, employee welfare is a constant and primary consideration, spanning
health and safety in the workplace, through training and career development

24. 24
Employee Focus
• Antalis Values
– Team : Respect, Openness and Honesty, Collaboration
– Empowerment & Trust : Partnership, Support, Recognition
– Accountability : Taking Responsibility, Customer Focus, Health & Safety
– Mindset for Change : Flexibility, Leadership, Continuous Improvement
• WeConnect is a portal which provides access to our talent management system, used for managing learning,
performance, talent and other HR processes across the group as well as encouraging group-wide
collaboration and knowledge sharing.
– Connect
• A social network that enables the employees across the group to better work together by sharing information and
collaborating among communities
– Learning Management System
• Many learning items such as e-learning modules, covering a wide range of topics
• The platform is progressively enriched with new contents throughout the year
– Performance and Development Reviews
• The system also enables management of the Performance and Development reviews

25. antalis.com
Just Ask Antalis!
25