Claranova : Investor Presentation – ODDO BHF Nextcap Forum – June 6, 2024

Key figures

H1 2023-2024

(December 31, 2023)

€301m	€2.2m	€1.1m	€96.5m
H1 revenue	Net income	Positive equity	Cash and cash
			equivalents

€27.5m	+67%	9.1%	96%
EBITDA*	Growth in EBITDA at	EBITDA margin** %	Share of
	constant exchange		international
	rates		revenue

• EBITDA (Earnings before interest, taxes, depreciation and amortization) is a non-GAAP aggregate used to measure the operating performance of the businesses. It is equal to Recurring Operating Income before depreciation, amortization and share-based payments including related social security expenses and the IFRS 16 impact on the recognition of leases.

2 ** EBITDA as a percentage of revenue.

FY24 9 months Revenue

1	Continued recovery, with sales up 2%* in the
third quarter

Revenue 9m'24

Revenue 9m'23

Unaudited

2	Good growth momentum with Avanquest	395M€	405M€
+2%*
(+8%*) and myDevices (+18%*)
		Revenue Q3'24	Revenue Q3'23
	Continuous improvement in the effectiveness of	Unaudited
3	94M€	91M€
marketing investments at PlanetArt level

+1%*

4	EBITDA margin** target for FY 2023-2024 of c.10%
maintained

	* at constant rates
3	** EBITDA compared to revenues

ODDO BHF Nextcap Forum

	Revenue Q3 (M€)
60	61

FY2023	FY2024
	Unaudited

Revenue 9m (M€)

314

296

FY2023

FY2024

A new path for virtuous and profitable growth

Q3 revenue of €61m, down -2% (up +2% at actual exchange rates),

Total revenue for the first 9 months to €296m (-3% at constant exchange rates and -6% at actual exchange rates)

Teams continue their efforts to improve the return on marketing investments.

4

Unaudited

ODDO BHF Nextcap Forum

Revenue Q3 (M€)

2931

FY2023FY2024

Unaudited

Revenue 9m (M€)

86	92
9
15
71	83
FY23	FY24
	Unaudited
Core	Non core

Avanquest's quarterly sales rose 8% to €31m (+7% at actual exchange rates)

9-month revenue of €92m, up from €86m year on

year, representing growth of 12% (+7% at actual exchange rates).

Growth of core activities (90% of total revenues)

over 9 months :

• At constant rates: + 38% for Adaware, +6% for Soda PDF, +4% for InPixio.

Non-core* activities now account for only 10% of sales, or €9m at March 31, 2024, down 43% over the period

*Non-core: distribution of third-party software and other non-core activities (Europe: Retail France & Germany, Marketplace) USA (Retail, bundle, Core distribution)

5

ODDO BHF Nextcap Forum

Revenue Q3 (M€)

22

FY2023	FY2024
	Unaudited

Revenue 9m (M€)

7

5

FY2023FY2024

Q3 sales of €2m, up 18% (+18% at actual exchange rates) year-on-year

For the first nine months, revenue rose 54% to €7m (+48% at actual exchange rates).

€3.4m in annual recurring revenue (ARR), an increase of 10% (+5% at actual exchange rates)

210 partners at March 31, 2024.

6	Unaudited

Governance

evolution

7

Governance organized around expertise and independence

ODDO BHF Nextcap Forum

Marc Goldberg

Chairman of the Board of Directors

Michele Anderson

Member of the Board of Directors and Chair of the CSR Committee

Gabrielle Gauthey

Member of the Board of Directors

and the Audit Committee

Daniel Assouline

Observer

Craig Forman

Vice-President of the Board of Directors and Chair of the Appointments and Compensation Committee

Michael Dadoun

Member of the Board of Directors and the

Appointments and Compensation Committee

Christine Hedouis

Member of the Board of Directors and Chair of

the Audit Committee

Resignation of Mr. Francis Meston (Chairman and Board member) and Mr. Roger Bloxberg (Board member)

Mr. Bloxberg continues as CEO of the company's Planet Art unit.

8

ODDO BHF Nextcap Forum

Eric Gareau appointed Chief Executive Officer

Eric Gareau

CEO of Claranova and Avanquest

CEO of Avanquest since 2021, Eric Gareau has demonstrated strong leadership skills and has successfully led Avanquest's transition to a subscription-based sales business model, making it the single-biggest contributor to Claranova's operating results.

Eric Gareau joined Claranova in 2018 when the Group acquired Lulu Software (PDF) of which he was CEO since its inception in 2009. He brings more than 25 years of experience in leadership roles in sales and marketing of software and consumer goods.

9

Group debt

reduction

10