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Omnicom Group

SECOND QUARTER 2008 RESULTS
     Investor Presentation


                   July 22, 2008
The following materials have been prepared for use in the July 22, 2008 conference call on Omnicom’s results of
operations for the period ended June 30, 2008. The call will be archived on the Internet at
http://www.omnicomgroup.com/financialwebcasts.

Forward-Looking Statements
Certain of the statements in this document constitute forward-looking statements within the meaning of the Private
Securities Litigation Act of 1995. These statements relate to future events or future financial performance and involve
known and unknown risks and other factors that may cause our actual or our industry’s results, levels of activity or
achievement to be materially different from those expressed or implied by any forward-looking statements. These risks
and uncertainties include but are not limited to our future financial condition and results of operations changes in
                    include,                    to,                                                operations,
general economic conditions, competitive factors, changes in client communication requirements, the hiring and
retention of human resources and our international operations, which are subject to the risks of currency fluctuations and
exchange controls. In some cases, forward-looking statements can be identified by terminology such as “may,” “will,”
“could,” “would,” “should,” “expect,” “plan,” “anticipate,” “intend,” “believe,” “estimate,” “predict,” “potential” or “continue”
or the negative of those terms or other comparable terminology. These statements are present expectations. Actual
events or results may differ materially. We undertake no obligation to update or revise any forward-looking statement,
except as required b l
      t         i d by law.

Other Information
All dollar amounts are in millions except for EPS. The financial information contained in this document has not been
audited, although some of it has been derived from Omnicom’s historical financial statements, including its audited
financial statements. In addition, industry, operational and other non-financial data contained in this document have been
derived from sources we believe to be reliable but we have not independently verified such information and we do not
                                         reliable,                                             information,           not,
nor does any other person, assume responsibility for the accuracy or completeness of that information.

The inclusion of information in this presentation does not mean that such information is material or that disclosure of
such information is required.




                                                                                                                          1
2008 vs. 2007 P&L Summary

                                Second Quarter                           Year to Date
                           2008       2007                    2008             2007
                                                   %                                      %
                       $ 3,476.9
                          ,          $ 3,126.1
                                        ,         11.2%   $ 6,672.3
                                                             ,              $ 5,966.7
                                                                               ,         11.8%
Revenue

                            516.8       461.6     12.0%        867.6            777.1    11.6%
Operating Profit
                            14.9%       14.8%                  13.0%            13.0%
% Margin

                             18.7
                             18 7        22.2
                                         22 2                   29.7
                                                                29 7             40.5
                                                                                 40 5
Net Interest Expense

                            498.1       439.4     13.4%        837.9            736.6    13.8%
Profit Before Tax
                            14.3%       14.1%                  12.6%            12.3%
% Margin

                            167.2
                            167 2       148.8
                                        148 8                  282.4
                                                               282 4            249.3
                                                                                249 3
Taxes
                            33.6%       33.9%                  33.7%            33.8%
% Tax Rate

                            330.9       290.6     13.9%        555.5            487.3    14.0%
Profit After Tax

                             11.0
                             11 0         12.5
                                          12 5                   19.1
                                                                 19 1            17.7
                                                                                 17 7
Equity in Affiliates
                            (34.9)       (26.4)                 (59.0)          (45.3)
Minority Interest

                       $    307.0    $ 276.7      11.0%   $    515.6        $   459.7    12.2%
Net Income




                                                                                          2
2008 vs. 2007 Earnings Per Share


                                       Second Quarter         Year to Date
                                       2008                2008
                                                 2007                  2007
Earnings per Share:
Basic                                 $ 0.97                          $ 1.40
                                                 $ 0.85   $ 1.62
Diluted                                 0.96                            1.38
                                                   0.84     1.61
                                        14 3 %              16.7 %
 Growth Rate, Dil d
 G      hR    Diluted                   14.3

Weighted Average Shares (millions):
Basic                                  317.5                           328.4
                                                  325.8    317.9
Diluted                                320.8
                                       320 8                           333.5
                                                                       333 5
                                                  330.8
                                                  330 8    321.1
                                                           321 1

Dividend Declared Per Share           $0.150                          $0.275
                                                 $0.150   $0.300




                                                                             3
2008 Total Revenue Growth


                                                         Second Quarter                                   Year to Date
                                                            $                     %                      $                       %

Prior Period Revenue                                 $ 3,126.1                                    $    5,966.7

Foreign Exchange (FX) Impact (a)                             162.9                5.2%                    308.5                  5.2%

Acquisition Revenue (b)                                         38.0              1.2%                       65.9                1.1%

Organic Revenue (c)                                          149.9                4.8%                    331.2                  5.6%

Current Period Revenue                               $ 3,476.9                  11.2%             $    6,672.3                 11.8%




(a)   To calculate the FX impact, we first convert the current period’s local currency revenue using the average exchange rates from the
      equivalent prior period to arrive at constant currency revenue. The FX impact equals the difference between the current period
      revenue in U.S. dollars and the current period revenue in constant currency.
(b)   Acquisition revenue is the aggregate of the applicable prior period revenue of the acquired businesses. Netted against this number
      is the revenue of any business included in the prior period reported revenue that was disposed of subsequent to the prior period.
()
(c)   Organic revenue is calculated by subtracting both the acquisition revenue and the FX impact from total revenue g
         g                              y           g           q                               p                     growth.




                                                                                                                                   4
2008 Revenue By Discipline

 Second Quarter                                                       Year to Date
                                                                                              PR
                                 PR
                                                                                             9.7%
                                9.6%
                                9 6%
                                               CRM                                                       CRM
                                               37.8%                               Advertising           37.2%
              Advertising
                                                                                     43.3%
                43.1%

                                       Specialty                                                   Specialty
                                         9.5%                                                       9.8%


                                                               Pie Chart

                                        % Growth (a)                                                    % Growth (a)
                       $ Mix                                                               $ Mix
Advertising                                                                Advertising
                       1,499.9                 9.8%                                        2,891.2         11.5%
                                                               ####

CRM                                                                        CRM
                       1,313.8                17.2%                                        2,481.3         16.1%
                                                               ####

PR                                                                         PR
                          333.4                3.7%                                         648.4              5.3%
                                                               9.6%

Specialty                                                                  Specialty
                          329.8
                          329 8                4.1%
                                               4 1%                                         651.4
                                                                                            651 4              4.9%
                                                                                                               4 9%
                                                               9.5%
                                                               9 5%


 (a) “Growth” is the year-over-year increase or decrease from the prior period.

                                                                                                                      5
2008 Revenue By Geography

Second Quarter                                                           Year to Date
                                                    Euro
                                                   Euro                                                                     Euro
                                                  Markets
                                                  Markets                                                                  Markets
                                                                                                                           M kt
                         United                                                                    United
                                                   22.8%
                                                   23.0%                                                                    22.5%
                         States                                                                    States
                         50.4%                                                                     51.1%
                                                       UK
                                                      UK                                                                      UK
                                                      9.9%
                                                     9.9%                                                                    10.3%
                                               Other
                                                Other                                                                  Other
                                               16.7%
                                                16.6%                                                                  16.1%



                                                             (a)                                                                      (a)
                                                  $ Growth                                                                     $ Growth
                                    $ Mix                                                                      $ Mix
United States                   $    1,751.3       $      91.6                     United States           $    3,412.5        $   209.0
Organic                                                   71.7                     Organic                                         175.1
Acquisition                                               19.9                     Acquisition                                      33.9
International                   $    1,725.6       $     259.2                     International           $    3,259.8        $   496.6
Organic                                                   78.2                     Organic                                         156.1
Acquisition                                               18.1                     Acquisition                                      32.0
FX                                                       162.9                     FX                                              308.5
                                                             (a)                                                                          (a)
                                                  % Growth                                                                   % Growth
                                    $ Mix                                                                      $ Mix
United States                                                                      United States
                                $    1,751.3              5.5%                                             $     3,412.5            6.5%
Euro Currency M k t
E    C        Markets                                                              Euro Currency M k t
                                                                                   E    C        Markets
                                       798.6
                                       798 6             19.6%
                                                         19 6%                                                   1,499.6
                                                                                                                 1 499 6           20.6%
                                                                                                                                   20 6%
United Kingdom                                                                     United Kingdom
                                       345.9             -0.4%                                                     688.9            2.3%
Other                                                                              Other
                                       581.1             28.8%                                                   1,071.3           26.5%


(a)   “Growth” is the year-over-year increase or decrease from the prior period.                                                      6
Cash Flow – GAAP Presentation (condensed)

                                                                            6 Months Ended June 30,
                                                                            2008                2007

Net Income                                                              $    515.6          $    459.7

 Stock-Based Compensation Expense                                              27.8               36.2
 Depreciation and Amortization                                                115.7               98.3
 Other Non-Cash Items to Reconcile to Net Cash Provided by Operations          58.6               43.4
 Other Changes in Working Capital                                            (799.6)            (670.6)
 Excess Tax Benefit on Stock Compensation
 E      TB        fit  St k C          ti                                      (9.6)
                                                                               (9 6)             (14.5)
                                                                                                 (14 5)
Net Cash Used by Operations                                                   (91.5)             (47.5)
 Capital Expenditures                                                         (92.7)            (101.2)
 Acquisitions                                                                (210.1)            (143.9)
 Other Investing Activities, net                                               (0.2)             141.3
Net Cash Used by Investing Activities                                        (303.0)            (103.8)
 Dividends                                                                    (97.3)             (84.2)
 Stock Repurchases                                                           (407.8)            (756.8)
 Share Transactions Under Employee Stock Plans                                 63.7               66.3
 Excess Tax Benefit on Stock Compensation                                       9.6               14.5
 Other Financing Activities                                                   (48.0)             (43.0)
Net Cash Used by Financing Activities                                        (479.8)            (803.2)

Effect of exchange rate changes on cash and cash equivalents                   (3.1)             (12.6)
Net Decrease in Cash and Cash Equivalents
                               q                                        $    (
                                                                             (877.4)
                                                                                   )        $   (
                                                                                                (967.1)
                                                                                                      )




                                                                                                       7
Current Credit Picture
                                                                                                     LTM Ended June 30,
                                                                                                    2008           2007
                                         (a)
   Operating Income (EBIT)                                                                     $     1,750               $      1,559
                        (a)
   Net Interest Expense                                                                        $      63.3               $       91.4
   EBIT / Net Interest                                                                                27.6 x                     17.1 x
   Net Debt / EBIT                                                                                      1.2 x                      1.4 x


   Debt:
   Bank Loans (Due Less Than 1 Year)                                                           $         23              $         11
   CP Issued Under $2.5B - 5 Year Revolver Due 6/23/11                                                    -                         -
   Convertible Notes Due 2/7/31                                                                         847                       847
   Convertible Notes Due 7/31/32                                                                        727                       727
   Convertible Notes Due 6/15/33                                                                          -                         -
   Convertible Notes Due 7/1/38                                                                         468                       467
   10 Year Notes Due 4/15/16                                                                            996                       996
   Other Debt                                                                                            20                        19

   Total Debt                                                                                 $      3,081               $      3,067

   Cash and Short Term Investments                                                                     959                        821

   Net Debt                                                                                   $      2,122               $      2,246
(a) “Operating Income (EBIT)” and “Net Interest Expense” calculations shown are the latest twelve month (“LTM”) figures for the periods specified.
( ) “O                 (    )     “                                                                     (“    )f        f                    f
     Although our bank agreements reference EBITDA, we have used EBIT for this presentation because EBITDA is a non-GAAP measure.



                                                                                                                                             8
Current Liquidity Picture


                                                                  Total Amount                     As of June 30, 2008
                                                                    Of Facility              Outstanding             Available
      Committed Facilities
        5 Year Revolver (a)                                        $        2,500              $        -            $     2,500

       Other Committed Credit Facilities                                        23                       23                  -
      Total Committed Facilities                                            2,523                        23                2,500
                                   (b)                                                                                               (b)
      Uncommitted Facilities                                                  598                       -                    -
      Total Credit Facilities                                      $        3,121
                                                                            3 121              $         23          $     2,500
                                                                                                                           2 500


           Cash and Short Term Investments                                                                                  959
           Total Liquidity Available                                                                                 $     3,459




(a)       Credit facility expires June 23, 2011.
(b)       Represents uncommitted facilities in the U.S., U.K. and Canada as of June 30, 2008. These amounts are excluded
          from our available liquidity for purposes of this presentation.

                                                                                                                                 9
Acquisitions Summary




                       10
Acquisition Related Expenditures

                                                                                                   6 Months YTD 2008
                                                      (a)
     New Subsidiary Acquisitions                                                                                $ 53

                                                (b)
     Affiliates to Subsidiaries                                                                                          -

                     (c)
     Affiliates                                                                                                         9

                                          (d)
     Existing Subsidiaries                                                                                            57

                       (e)
     Earn-outs
     E      t                                                                                                       109

     Total Acquisition Expenditures                                                                             $ 228



Note: See appendix for subsidiary acquisition profiles.
(a) Includes acquisitions of a majority interest in agencies resulting in their consolidation.
(b) Includes acquisitions of additional equity interests in existing affiliate agencies resulting in their majority ownership and consolidation.
(c) Includes acquisitions of less than a majority interest in agencies in which Omnicom did not have a prior equity interest and the acquisition
    of additional interests in existing affiliated agencies that did not result in majority ownership.
(d) Includes the acquisition of additional equity interests in already consolidated subsidiary agencies.
(e) Includes additional consideration paid for acquisitions completed in prior periods.

                                                                                                                                   11
Potential Earn-out Obligations

The following is a calculation of future earn-out obligations as of
June 30, 2008, assuming that the underlying acquired agencies
continue to perform at their current levels: (a)



       2008                2009                 2010                2011              Thereafter            Total
      $     75            $ 104               $      82            $     28            $               23   $ 312




 (a) The ultimate payments will vary as they are dependent on future events and changes in FX rates
                                                                                              rates.




                                                                                                                    12
Potential Obligations

 In conjunction with certain transactions, Omnicom has agreed to
 acquire (at the sellers’ option) additional equity interests. If these rights
 are exercised, th
            i d there would likely b an i
                            ld lik l be    increase i our net i
                                                     in        t income as a
 result of our increased ownership and the reduction of minority interest
 expense. The following is a calculation of these potential future
 ob ga o s
 obligations (as o Ju e 30, 2008), assu
                  of June        008), assuming these u de y g acqu ed
                                               g ese underlying acquired
 agencies continue to perform at their current levels: (a)

                                                   Currently                 Not Currently
                                                  Exercisable                 Exercisable                 Total

   Subsidiary Agencies                            $           186             $              86       $       272
   Affiliated Agencies                                         56                             6                62
   Total                                         $            242             $              92       $       334




(a) The ultimate payments will vary as they are dependent on future events and changes in FX rates.



                                                                                                                    13
Second Quarter Acquisitions




Sterling Brands

Sterling Brands is a leading brand consultancy specializing in
brand strategy and design. Specific services offered include
brand positioning, strategic research, innovation, design
planning, brand identity and packaging design.

Sterling Brands is based in New York and San Francisco.




                                                                 14

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omnicom group Q2 2008 Investor Presentation

  • 1. Omnicom Group SECOND QUARTER 2008 RESULTS Investor Presentation July 22, 2008
  • 2. The following materials have been prepared for use in the July 22, 2008 conference call on Omnicom’s results of operations for the period ended June 30, 2008. The call will be archived on the Internet at http://www.omnicomgroup.com/financialwebcasts. Forward-Looking Statements Certain of the statements in this document constitute forward-looking statements within the meaning of the Private Securities Litigation Act of 1995. These statements relate to future events or future financial performance and involve known and unknown risks and other factors that may cause our actual or our industry’s results, levels of activity or achievement to be materially different from those expressed or implied by any forward-looking statements. These risks and uncertainties include but are not limited to our future financial condition and results of operations changes in include, to, operations, general economic conditions, competitive factors, changes in client communication requirements, the hiring and retention of human resources and our international operations, which are subject to the risks of currency fluctuations and exchange controls. In some cases, forward-looking statements can be identified by terminology such as “may,” “will,” “could,” “would,” “should,” “expect,” “plan,” “anticipate,” “intend,” “believe,” “estimate,” “predict,” “potential” or “continue” or the negative of those terms or other comparable terminology. These statements are present expectations. Actual events or results may differ materially. We undertake no obligation to update or revise any forward-looking statement, except as required b l t i d by law. Other Information All dollar amounts are in millions except for EPS. The financial information contained in this document has not been audited, although some of it has been derived from Omnicom’s historical financial statements, including its audited financial statements. In addition, industry, operational and other non-financial data contained in this document have been derived from sources we believe to be reliable but we have not independently verified such information and we do not reliable, information, not, nor does any other person, assume responsibility for the accuracy or completeness of that information. The inclusion of information in this presentation does not mean that such information is material or that disclosure of such information is required. 1
  • 3. 2008 vs. 2007 P&L Summary Second Quarter Year to Date 2008 2007 2008 2007 % % $ 3,476.9 , $ 3,126.1 , 11.2% $ 6,672.3 , $ 5,966.7 , 11.8% Revenue 516.8 461.6 12.0% 867.6 777.1 11.6% Operating Profit 14.9% 14.8% 13.0% 13.0% % Margin 18.7 18 7 22.2 22 2 29.7 29 7 40.5 40 5 Net Interest Expense 498.1 439.4 13.4% 837.9 736.6 13.8% Profit Before Tax 14.3% 14.1% 12.6% 12.3% % Margin 167.2 167 2 148.8 148 8 282.4 282 4 249.3 249 3 Taxes 33.6% 33.9% 33.7% 33.8% % Tax Rate 330.9 290.6 13.9% 555.5 487.3 14.0% Profit After Tax 11.0 11 0 12.5 12 5 19.1 19 1 17.7 17 7 Equity in Affiliates (34.9) (26.4) (59.0) (45.3) Minority Interest $ 307.0 $ 276.7 11.0% $ 515.6 $ 459.7 12.2% Net Income 2
  • 4. 2008 vs. 2007 Earnings Per Share Second Quarter Year to Date 2008 2008 2007 2007 Earnings per Share: Basic $ 0.97 $ 1.40 $ 0.85 $ 1.62 Diluted 0.96 1.38 0.84 1.61 14 3 % 16.7 % Growth Rate, Dil d G hR Diluted 14.3 Weighted Average Shares (millions): Basic 317.5 328.4 325.8 317.9 Diluted 320.8 320 8 333.5 333 5 330.8 330 8 321.1 321 1 Dividend Declared Per Share $0.150 $0.275 $0.150 $0.300 3
  • 5. 2008 Total Revenue Growth Second Quarter Year to Date $ % $ % Prior Period Revenue $ 3,126.1 $ 5,966.7 Foreign Exchange (FX) Impact (a) 162.9 5.2% 308.5 5.2% Acquisition Revenue (b) 38.0 1.2% 65.9 1.1% Organic Revenue (c) 149.9 4.8% 331.2 5.6% Current Period Revenue $ 3,476.9 11.2% $ 6,672.3 11.8% (a) To calculate the FX impact, we first convert the current period’s local currency revenue using the average exchange rates from the equivalent prior period to arrive at constant currency revenue. The FX impact equals the difference between the current period revenue in U.S. dollars and the current period revenue in constant currency. (b) Acquisition revenue is the aggregate of the applicable prior period revenue of the acquired businesses. Netted against this number is the revenue of any business included in the prior period reported revenue that was disposed of subsequent to the prior period. () (c) Organic revenue is calculated by subtracting both the acquisition revenue and the FX impact from total revenue g g y g q p growth. 4
  • 6. 2008 Revenue By Discipline Second Quarter Year to Date PR PR 9.7% 9.6% 9 6% CRM CRM 37.8% Advertising 37.2% Advertising 43.3% 43.1% Specialty Specialty 9.5% 9.8% Pie Chart % Growth (a) % Growth (a) $ Mix $ Mix Advertising Advertising 1,499.9 9.8% 2,891.2 11.5% #### CRM CRM 1,313.8 17.2% 2,481.3 16.1% #### PR PR 333.4 3.7% 648.4 5.3% 9.6% Specialty Specialty 329.8 329 8 4.1% 4 1% 651.4 651 4 4.9% 4 9% 9.5% 9 5% (a) “Growth” is the year-over-year increase or decrease from the prior period. 5
  • 7. 2008 Revenue By Geography Second Quarter Year to Date Euro Euro Euro Markets Markets Markets M kt United United 22.8% 23.0% 22.5% States States 50.4% 51.1% UK UK UK 9.9% 9.9% 10.3% Other Other Other 16.7% 16.6% 16.1% (a) (a) $ Growth $ Growth $ Mix $ Mix United States $ 1,751.3 $ 91.6 United States $ 3,412.5 $ 209.0 Organic 71.7 Organic 175.1 Acquisition 19.9 Acquisition 33.9 International $ 1,725.6 $ 259.2 International $ 3,259.8 $ 496.6 Organic 78.2 Organic 156.1 Acquisition 18.1 Acquisition 32.0 FX 162.9 FX 308.5 (a) (a) % Growth % Growth $ Mix $ Mix United States United States $ 1,751.3 5.5% $ 3,412.5 6.5% Euro Currency M k t E C Markets Euro Currency M k t E C Markets 798.6 798 6 19.6% 19 6% 1,499.6 1 499 6 20.6% 20 6% United Kingdom United Kingdom 345.9 -0.4% 688.9 2.3% Other Other 581.1 28.8% 1,071.3 26.5% (a) “Growth” is the year-over-year increase or decrease from the prior period. 6
  • 8. Cash Flow – GAAP Presentation (condensed) 6 Months Ended June 30, 2008 2007 Net Income $ 515.6 $ 459.7 Stock-Based Compensation Expense 27.8 36.2 Depreciation and Amortization 115.7 98.3 Other Non-Cash Items to Reconcile to Net Cash Provided by Operations 58.6 43.4 Other Changes in Working Capital (799.6) (670.6) Excess Tax Benefit on Stock Compensation E TB fit St k C ti (9.6) (9 6) (14.5) (14 5) Net Cash Used by Operations (91.5) (47.5) Capital Expenditures (92.7) (101.2) Acquisitions (210.1) (143.9) Other Investing Activities, net (0.2) 141.3 Net Cash Used by Investing Activities (303.0) (103.8) Dividends (97.3) (84.2) Stock Repurchases (407.8) (756.8) Share Transactions Under Employee Stock Plans 63.7 66.3 Excess Tax Benefit on Stock Compensation 9.6 14.5 Other Financing Activities (48.0) (43.0) Net Cash Used by Financing Activities (479.8) (803.2) Effect of exchange rate changes on cash and cash equivalents (3.1) (12.6) Net Decrease in Cash and Cash Equivalents q $ ( (877.4) ) $ ( (967.1) ) 7
  • 9. Current Credit Picture LTM Ended June 30, 2008 2007 (a) Operating Income (EBIT) $ 1,750 $ 1,559 (a) Net Interest Expense $ 63.3 $ 91.4 EBIT / Net Interest 27.6 x 17.1 x Net Debt / EBIT 1.2 x 1.4 x Debt: Bank Loans (Due Less Than 1 Year) $ 23 $ 11 CP Issued Under $2.5B - 5 Year Revolver Due 6/23/11 - - Convertible Notes Due 2/7/31 847 847 Convertible Notes Due 7/31/32 727 727 Convertible Notes Due 6/15/33 - - Convertible Notes Due 7/1/38 468 467 10 Year Notes Due 4/15/16 996 996 Other Debt 20 19 Total Debt $ 3,081 $ 3,067 Cash and Short Term Investments 959 821 Net Debt $ 2,122 $ 2,246 (a) “Operating Income (EBIT)” and “Net Interest Expense” calculations shown are the latest twelve month (“LTM”) figures for the periods specified. ( ) “O ( ) “ (“ )f f f Although our bank agreements reference EBITDA, we have used EBIT for this presentation because EBITDA is a non-GAAP measure. 8
  • 10. Current Liquidity Picture Total Amount As of June 30, 2008 Of Facility Outstanding Available Committed Facilities 5 Year Revolver (a) $ 2,500 $ - $ 2,500 Other Committed Credit Facilities 23 23 - Total Committed Facilities 2,523 23 2,500 (b) (b) Uncommitted Facilities 598 - - Total Credit Facilities $ 3,121 3 121 $ 23 $ 2,500 2 500 Cash and Short Term Investments 959 Total Liquidity Available $ 3,459 (a) Credit facility expires June 23, 2011. (b) Represents uncommitted facilities in the U.S., U.K. and Canada as of June 30, 2008. These amounts are excluded from our available liquidity for purposes of this presentation. 9
  • 12. Acquisition Related Expenditures 6 Months YTD 2008 (a) New Subsidiary Acquisitions $ 53 (b) Affiliates to Subsidiaries - (c) Affiliates 9 (d) Existing Subsidiaries 57 (e) Earn-outs E t 109 Total Acquisition Expenditures $ 228 Note: See appendix for subsidiary acquisition profiles. (a) Includes acquisitions of a majority interest in agencies resulting in their consolidation. (b) Includes acquisitions of additional equity interests in existing affiliate agencies resulting in their majority ownership and consolidation. (c) Includes acquisitions of less than a majority interest in agencies in which Omnicom did not have a prior equity interest and the acquisition of additional interests in existing affiliated agencies that did not result in majority ownership. (d) Includes the acquisition of additional equity interests in already consolidated subsidiary agencies. (e) Includes additional consideration paid for acquisitions completed in prior periods. 11
  • 13. Potential Earn-out Obligations The following is a calculation of future earn-out obligations as of June 30, 2008, assuming that the underlying acquired agencies continue to perform at their current levels: (a) 2008 2009 2010 2011 Thereafter Total $ 75 $ 104 $ 82 $ 28 $ 23 $ 312 (a) The ultimate payments will vary as they are dependent on future events and changes in FX rates rates. 12
  • 14. Potential Obligations In conjunction with certain transactions, Omnicom has agreed to acquire (at the sellers’ option) additional equity interests. If these rights are exercised, th i d there would likely b an i ld lik l be increase i our net i in t income as a result of our increased ownership and the reduction of minority interest expense. The following is a calculation of these potential future ob ga o s obligations (as o Ju e 30, 2008), assu of June 008), assuming these u de y g acqu ed g ese underlying acquired agencies continue to perform at their current levels: (a) Currently Not Currently Exercisable Exercisable Total Subsidiary Agencies $ 186 $ 86 $ 272 Affiliated Agencies 56 6 62 Total $ 242 $ 92 $ 334 (a) The ultimate payments will vary as they are dependent on future events and changes in FX rates. 13
  • 15. Second Quarter Acquisitions Sterling Brands Sterling Brands is a leading brand consultancy specializing in brand strategy and design. Specific services offered include brand positioning, strategic research, innovation, design planning, brand identity and packaging design. Sterling Brands is based in New York and San Francisco. 14