EX-99.2

Safe Harbor Statement

This presentation and the accompanying notes contains statements

about our future expectations, plans and prospects of

our business that constitute forward-looking statements for purposes of the safe harbor provisions under the Private

Securities Litigation Reform Act of 1995, including but not limited to our expectations for the growth, development, and

profitability of our business and our recent acquisitions and investments, the integration of our recent acquisitions, and our

financial outlook and guidance set forth under the headings “FY2015 Outlook & Expectations,”

“Revenue and EPS

Guidance,”

and “Capital Expenditures Guidance.”

Forward-looking projections and expectations are inherently uncertain,

are based on assumptions and judgments by management, and may turn out to be wrong. Our actual results may differ

materially from those indicated by these forward-looking statements as a result of various important factors, including but

not limited to flaws in the assumptions and judgments upon which

our forecasts are based; our failure to execute our

strategy; our inability to make the investments in our business that we plan to make; the failure of our strategy,

investments, and efforts to reposition the Vistaprint brand to have the effects that we expect; our failure to promote and

strengthen our brands; our failure to acquire new customers and enter new markets, retain our current customers, and

sell more products to current and new customers; our failure to identify and address the causes of our revenue weakness;

our failure to manage the complexity of our business and expand our operations; costs and disruptions caused by

acquisitions and strategic investments; the failure of the businesses we acquire or invest in, including People & Print

Group, Pixartprinting, FotoKnudsen, and Printi, to perform as expected; difficulties or higher than anticipated costs in

integrating the systems and operations of our acquired businesses into our systems and operations; the willingness of

purchasers of marketing services and products to shop online; the failure of our current and new marketing channels to

attract customers; our failure to manage growth and changes in our organization; currency fluctuations that affect our

revenues and costs including the impact of currency hedging strategies and intercompany transactions; unanticipated

changes in our markets, customers, or business; competitive pressures; interruptions in or failures of our websites,

network infrastructure or manufacturing operations; our failure to retain key employees; our failure to maintain compliance

with the financial covenants in our revolving credit facility or

to pay our debts when due; costs and judgments resulting

from litigation; changes in the laws and regulations or in the interpretations of laws or regulations to which we are subject,

including tax laws, or the institution of new laws or regulations that affect our business; general economic conditions; and

other factors described in our Form

10-K for the fiscal year ended June 30, 2014 and the other documents we periodically

file with the U.S. Securities and Exchange Commission.

•

Continued to move value proposition

toward needs of customers with higher

expectations

–

New visual identity

–

Major site experience changes

–

New graphic design studio software

–

“Good, Better, Best”

approach launched for US business

cards

–

“Reinvent”

pricing and marketing launch in France

–

Improved trends in UK, US, and Germany

–

Phased pricing and marketing changes in other European

countries

•

Year-over-year improvements in Net

Promoter Score™

and gross profit per

customer

•

Continued product improvements with

launch of market standard formats for

flyers in non-US geographies

Vistaprint Business Unit

Q1 FY2015: Key Financial Metrics

Consolidated Results

GAAP and Non-GAAP EPS

Total Revenue

GAAP Net Income (Loss)

Non-GAAP Net Income

USD

millions

except

per

data.

Please

see

reconciliation

GAAP

net

income

the

end

this

presentation.

PPG = People & Print Group

PXP = Pixartprinting

FTK = FotoKnudsen

FY13

FY14

FY15

FY13

FY14

FY15

-$0.05

$0.66

$0.17

$0.07

$0.01

$1.18

$0.04

$0.03

$0.71

$0.25

$1.02

$0.48

$0.41

$0.46

$1.50

$0.24

$0.75

$0.86

GAAP EPS

Non

-GAAP EPS

$251

$348

$288

$280

$275

$371

$286

$338

$334

10%

20%

30%

Total Revenue (reported)

Year-over-Year Growth

Year-over-Year growth excl. PPG, PXP & FTK

$(2)

$23

$41

$24

FY13

FY14

FY15

GAAP Net Income

GAAP Net Income Margin

FY13

FY14

FY15

10%

12%

14%

16%

18%

20%

$36

$17

$14

$16

$53

$26

$29

Non-GAAP Net Income

Non-GAAP Net Income Margin

10%

12%

14%

-2%

Cash Flow and ROIC Highlights

TTM Free Cash Flow

TTM Cash Flow from Operations

TTM Capital Expenditures

TTM Return on Invested Capital

(In millions)

Consolidated Results

$63

$77

$80

$79

$69

$66

$72

$71

In USD millions except percentages. Please see reconciliation of non-GAAP measures at the end of this presentation.

$117

$124

$123

$140

$133

$140

$135

$149

$201

FY13

FY14

FY15

$48

$41

$35

$53

$55

$64

$58

$66

$118

FY13

FY14

FY15

FY13

FY14

FY15

Mfg & Automation

Land & Facilities

Other

% of revenue

18%

17%

18%

20%

24%

23%

10%

15%

14%

FY13

FY14

FY15

TTM Non

-GAAP ROIC

TTM GAAP ROIC

Geographic

Region

Revenue

–

Quarterly

(millions)

Consolidated Results

North America:

53% of total revenue

8% y/y growth

8% y/y constant currency

growth

Europe:

42% of total revenue

46% y/y growth

45% y/y constant currency

growth

1% y/y constant currency growth

ex. acquisitions from past year

Asia Pacific:

5% of total revenue

14% y/y growth

13% y/y constant currency

growth

All People & Print Group, Pixartprinting, FotoKnudsen, and Albumprinter revenue included in European region. All Webs revenue included in

North American region. All Japan JV revenue included in Asia-Pacific region.

Please see reconciliation to reported revenue growth rates at the end of this presentation.

Q1 FY2015

$167.5

$163.0

$169.6

$164.8

$189.4

$166.1

$179.9

$177.7

$159.3

$108.3

$94.9

$94.7

$161.0

$104.2

$98.6

$96.5

$43.6

$41.9

$21.5

$16.4

$15.6

$20.3

$15.9

$16.1

$17.8

Q2 FY13

Q3 FY13

Q4 FY13

Q1 FY14

Q2 FY14

Q3 FY14

Q4 FY14

Q1 FY15

Asia-Pacific

People & Print Group, Pixartprinting & FotoKnudsen

Europe

North America

Operational Metrics

Vistaprint, Albumprinter and Webs Brands

Excludes People & Print Group, Pixartprinting and FotoKnudsen

*Albumprinter and Webs included starting Q3FY12

Also starting in the same period, a minor calculation methodology change was made in order to accommodate the consolidation of metrics.

$43.32

8.3

7.6

7.0

7.1

9.8

7.8

7.1

9.1

7.3

7.0

6.8

FY12

FY12*

FY12

FY13

FY14

FY15

Orders (M)

$34.61

$34.43

$35.69

$35.79

$35.72

$37.56

$39.08

$39.40

$40.92

$40.14

$42.50

FY12

FY12*

FY12

FY13

FY14

FY15

Average Order Value

Operational Metrics

Vistaprint, Albumprinter and Webs Brands

Excludes People & Print Group, Pixartprinting and FotoKnudsen

*Albumprinter and Webs included starting Q3FY12

Also starting in the same period, a minor calculation methodology change was made in order to accommodate the consolidation of metrics.

2.9

2.6

2.3

3.3

2.6

2.3

2.2

2.9

2.4

2.2

2.1

0.0

0.5

1.0

1.5

2.0

2.5

3.0

3.5

New Customers

(millions)

$26

$25

$28

$27

$26

$29

$28

$27

$25

$30

0 $

5 $

10 $

15 $

20 $

25 $

30 $

35 $

Implied COCA

26%

25%

23%

26%

27%

24%

21%

23%

22%

23%

19%

21%

10%

15%

20%

25%

30%

35%

Advertising as

% of Revenue

Historical Revenue Driver Metrics

Vistaprint, Albumprinter and Webs Brands

Excludes People & Print Group, Pixartprinting and FotoKnudsen

16.9

*trailing twelve month at period end

16.8

16.6

17.0

17.1

16.9

16.7

6.1

6.4

6.5

6.7

6.9

7.0

7.1

10.5

10.4

10.0

9.8

9.7

9.6

FY13

FY14

FY15

TTM* Unique Customers (M)

New Customers Aquired in Period

Customers Repeating from Prior Periods

FY13

FY14

FY15

TTM Unique Customers (M)

16.6

16.9

17.0

17.1

16.9

16.8

16.7

TTM New

Customers (M)

10.5

10.4

10.0

9.8

9.7

9.6

TTM Repeating Customers (M)

6.1

6.4

6.5

6.7

6.9

7.0

7.1

As % of Unique

Customers

TTM New Customers

63%

62%

61%

59%

58%

57%

TTM Repeating Customers

37%

38%

39%

41%

42%

43%

Y/Y

Growth

TTM Unique Customers

29%

19%

13%

-1%

-2%

TTM New

Customers

25%

15%

-5%

-7%

-8%

TTM Repeating Customers

37%

25%

20%

18%

13%

Implied Retention**

48%

45%

43%

42%

41%

42%

**TTM repeating customers as % of year-ago unique customers

Starting in Q3 FY12, impact of Albumprinter and Webs has been included.

Historical Revenue Driver Metrics

Vistaprint, Albumprinter and Webs Brands

Excludes People & Print Group, Pixartprinting and FotoKnudsen

Average Customer Bookings:

*trailing twelve month at period end

FY13

FY14

FY15

Average

TTM Bookings

per Unique Customer

$67

$68

$69

$70

$72

$73

$74

$75

Average TTM Bookings

per New Customer

$50

$51

$52

$53

$54

$55

Average TTM Bookings

per Repeat

Customer

$96

$97

$98

$100

$101

$102

$103

Y/Y

Growth

Average

TTM Bookings

per Unique

Customer

-6%

-1%

Average TTM Bookings

per New Customer

-6%

-2%

Average TTM Bookings

per Repeat Customer

-4%

-3%

-1%

$50

$51

$52

$53

$54

$55

$96

$97

$98

$100

$101

$102

$103

$67

$68

$69

$70

$72

$73

$74

$75

FY13

FY14

FY15

Average TTM* Bookings Per

Unique Customer (USD)

New

Repeat

Total

Starting in Q3 FY12, impact of Albumprinter and Webs has been included.

FY 2015 Outlook & Expectations

Operationally unchanged outlook

–

Vistaprint brand revenue growth mid-to-high single digits

–

Acquired company revenue growth in double-digits

–

Expansion of operating margins, EPS and free cash flow

Non-operational changes to guidance ranges:

–

Revenue guidance range lowered by $40M to reflect currency movements since July

–

Would be largely offset by natural hedges and below-the-line currency gains if currency

rates remain at recent 30-day average

–

GAAP EPS range increased by $0.09, updated to reflect:

Change in fair-value estimate of acquisition-related earn-outs

Change in acquisition-related amortization of intangibles

Estimated unrealized currency gain on revaluing intercompany loans

Non-GAAP EPS guidance unchanged

Revenue and EPS Guidance*

The

Company

providing

the

following

assumptions

facilitate

non-GAAP

adjusted

net

income

per

diluted

comparisons

that

exclude

share-based

compensation

expenses,

amortization

acquired

intangible

assets,

tax

charges

the

alignment

with

our

global operations, changes in the fair-value estimate of acquisition-related earn-outs, changes in unrealized gains and losses on currency

forward

contracts,

and

unrealized

currency

transaction

gains

and

losses

intercompany

financing

arrangements:

As of October 29, 2014

FY15

ending 06/30/2015

Revenue

$1,430 -

$1,500 million

Revenue growth from FY 2014 period

13% -

18%

Constant currency revenue growth estimate

15% -

20%

GAAP EPS

$2.24 -

$2.74

EPS growth from FY 2014 period

75% -114%

GAAP share count

33.3 million

FY15

ending 06/30/2015

Non-GAAP adjusted EPS

$3.46 -

$3.96

EPS growth from FY 2014 period

17% –

34%

Non-GAAP share count

33.8 million

Non-GAAP exclusions

$42.5 million

* Millions, except share and per share amounts and as noted

Consolidated

Summary

Clear priorities

Leadership: become the world leader in mass customization

•

Passionate about enabling millions of customers to make an impression

•

Strive to be best in the world at computer-integrated manufacturing

•

Drive economic engine through large scale in small quantities

Long termism: multi-decade mutual success for stakeholders

Intrinsic value: maximizing DCF per share

Q1 a good start to FY15

Important investments across the business

Beginning to see wider-spread benefits of Vistaprint brand repositioning

Financial results in line with our expectations

Annual meeting for shareholders on November 12, 2014

–

Proposal on name change for corporate parent to Cimpress N.V.

–

shareholders

approve

the

change,

expect

change

our

name

and

ticker

symbol,

and launch a new corporate website at www.cimpress.com

Balance Sheet Highlights

Balance Sheet highlights, in millions, at period end

09/30/2014

06/30/2014

03/31/2014

12/31/2013

09/30/2013

Total assets

$984.1

$989.0

$672.0

$674.6

$638.7

Cash and cash equivalents

$60.9

$62.5

$46.5

$62.3

$64.7

Total current assets

$144.3

$157.9

$126.0

$135.5

$121.8

Goodwill and intangible assets

$426.7

$427.4

$169.2

$171.6

$171.5

Total liabilities

$757.9

$745.4

$393.9

$414.4

$432.0

Current liabilities

$218.9

$241.5

$177.4

$197.9

$144.3

Long-term debt

$433.5

$410.5

$185.6

$189.3

$262.5

Shareholders’

Equity attributable to Vistaprint NV

$211.8

$232.5

$272.4

$260.3

$206.7

Treasury shares (in millions)

11.6

11.8

10.8

10.9

11.0

Consolidated

Committed Credit Capacity as of September 30, 2014

Availability under our committed credit facility (millions)*

09/30/14

Aggregate loan commitments

$850.0

Outstanding borrowings

$(440.0)

Remaining amount

$410.0

Limitations to borrowing due to debt covenants and other obligations*

$(141.8)

Amount available for borrowing as of September 30, 2014

$268.1

Consolidated

* Our borrowing ability under our committed credit facility can be limited by our debt covenants each quarter. These covenants may limit our borrowing capacity

depending on our leverage, other senior indebtedness, such as capital leases, letters of credit, and other debt secured by a lien, and other factors that are outlined in

our credit agreement filed as an exhibit in our Form 8-Ks filed on February 13, 2013, January 22, 2014, and September 25, 2014.

•

Aggregate loan commitments of $850.0M

•

Interest

rate

LIBOR

plus

1.50%

2.25%,

depending

leverage

•

Currently in compliance with all covenants. Key financial covenants are:

–

Total leverage ratio not to exceed 4.5x TTM EBITDA

–

Senior leverage ratio not to exceed 3.25x TTM EBITDA

–

Interest coverage ratio of at least 3.0x TTM EBITDA

•

Purchases of our ordinary shares, payments of dividends, and mergers and acquisitions are subject to more

restrictive total leverage ratio thresholds than those listed above when calculated on a proforma basis. Also, our

credit agreement limits the amount of purchases of our ordinary shares, payments of dividends, mergers and

acquisitions, investments in joint ventures or minority interests, consolidated capital expenditures, and other

investments that we may desire to make. These limitations can include annual limits that vary from year-to-year and

aggregate limits over the term of the credit facility. Therefore, our ability to make desired investments may be limited

during the term of our revolving credit facility.

About Non-GAAP Financial Measures

To supplement Vistaprint’s consolidated financial statements presented in accordance with U.S.

generally accepted accounting principles, or GAAP, Vistaprint has used the following measures

defined as non-GAAP financial measures by Securities and Exchange Commission, or SEC, rules:

non-GAAP adjusted net income, adjusted EBITDA, free cash flow, constant-currency revenue growth

and constant-currency revenue growth excluding revenue from fiscal 2014 acquisitions. Please see

the next slide for definitions of these items.

The presentation of non-GAAP financial information is not intended to be considered in isolation or as

a substitute for the financial information prepared and presented in accordance with GAAP. For more

information on these non-GAAP financial measures, please see the tables captioned “Reconciliations

of Non-GAAP Financial Measures” included at the end of this release. The tables have more details

on the GAAP financial measures that are most directly comparable to non-GAAP financial measures

and the related reconciliation between these financial measures.

Vistaprint’s management believes that these non-GAAP financial measures provide meaningful

supplemental information in assessing our performance and liquidity by excluding certain items that

may not be indicative of our recurring core business operating results, which could be non-cash

charges or discrete cash charges that are infrequent in nature. These non-GAAP financial measures

also have facilitated management’s internal comparisons to Vistaprint’s historical performance and

our competitors’ operating results.

Non-GAAP Financial Measures Definitions

Non-GAAP Measure

Definition

Non-GAAP Net

Income/EPS

The items excluded from the non-GAAP adjusted net income measurements are share-based compensation

expense and its related tax effect, amortization of acquisition-related intangibles, tax charges related to the

alignment

acquisition-related

intellectual

property

with

global

operations,

changes

unrealized

gains

and

losses on currency forward contracts (starting in Q1 FY 2014), unrealized currency transaction gains and losses

on intercompany financing arrangements and the related tax effect, the charge for the disposal of our minority

investment in China, and the change in fair-value estimate of our potential acquisition-related earn-outs.

Non-GAAP weighted average shares outstanding excludes the impact of unamortized share-based

compensation included in the calculation of GAAP diluted weighted average shares outstanding.

Free Cash Flow

FCF

Cash

Flow

from

Operations

–

Capital

Expenditures

–

Purchases

Intangible

assets

not

related to

acquisitions –

Capitalized Software Expenses

Trailing Twelve Month

Return on Invested Capital

ROIC

NOPAT

(Debt

Redeemable

Non-Controlling

Interest

Total

Shareholders

Equity

–

Excess

Cash)

NOPAT

net

operating

profit

after

taxes

(Operating

Income

less

Tax

Provision)

Excess cash is cash and equivalents > 5% of last twelve month revenues; if negative, capped at zero

Operating leases have not been converted to debt

Non-GAAP TTM ROIC excludes share-based compensation expense and its related tax effect, amortization of

acquisition-related intangibles, and the change in fair-value estimate of our potential acquisition-related earn-

outs.

Constant-Currency

Revenue Growth

Constant-currency revenue growth is estimated by translating all non-U.S. dollar denominated revenue

generated in the current period using the prior year period’s average exchange rate for each currency to the U.S.

dollar and excludes the impact of gains and losses on effective currency hedges recognized in revenue in the

prior year periods.

Constant Currency

Revenue Growth, excluding

TTM Acquisitions

Constant-currency revenue growth excluding revenue from trailing twelve month acquisitions excludes the

impact of currency as defined above and revenue from People & Print Group, Pixartprinting and FotoKnudsen.

Reconciliation: GAAP to Non-GAAP Results

Net Income

(Loss)

–

Quarterly,

thousands

Fiscal Year 2012

Fiscal Year 2013

Fiscal Year 2014

Fiscal

Year 2015

GAAP Net Income

$31,697

$274

$3,851

$(1,696)

$22,960

$5,866

$2,305

$412

$40,875

$1,376

$1,034

$23,694

Share-based

compensation and

related tax effect

$5,021

$7,566

$8,596

$8,445

$8,540

$8,353

$8,324

$8,576

$8,062

$5,773

$6,109

$5,769

Amortization of

acquired intangible

assets

$1,148

$2,381

$2,225

$2,178

$2,243

$2,275

$3,665

$2,200

$2,249

$2,228

$5,510

$6,539

Tax Impact of Webs IP

Transfer

$1,017

$218

$2,164

$431

($208)

$63

$1,468

$312

$477

$546

Changes in unrealized

loss (gain) on currency

forward contracts

included in net income

$4,856

$(1,155)

$(1,131)

$(2,145)

$(3,468)

Unrealized currency

transaction loss (gain)

on intercompany loan

and the related tax

effect

$1,163

$(283)

$(295)

$(7,986)

Loss on disposal of

Namex investment

$12,681

Change in fair value of

contingent

consideration

$2,192

$3,677

Non-GAAP

Adjusted Net Income

$37,866

$11,238

$14,890

$8,927

$35,907

$16,925

$14,086

$16,107

$52,662

$8,274

$25,563

$28,771

Fiscal Year 2012

Fiscal Year 2013

Fiscal Year 2014

Fiscal Year 2015

GAAP Net Income per

$0.82

$0.01

$0.10

$(0.05)

$0.66

$0.17

$0.07

$0.01

$1.18

$0.04

$0.03

$0.71

Share-based

Compensation and related

tax effect per share

$0.12

$0.20

$0.23

$0.24

$0.25

$0.22

$0.17

$0.18

$0.17

Amortization of acquired

intangible assets per share

$0.03

$0.06

$0.11

$0.06

$0.16

$0.19

Tax impact of Webs IP

Transfer per share

$0.02

$0.01

$0.06

$0.01

$(0.01)

$0.00

$0.04

$0.01

$0.02

Changes in unrealized loss

(gain) on currency forward

contracts included in net

income per share

$0.13

$(0.03)

$(0.06)

$(0.10)

Unrealized currency

transaction loss (gain) on

intercompany loan and the

related tax effect per share

$0.00

$0.03

$(0.01)

$(0.23)

Loss on disposal of Namex

investment

$0.37

Change in fair value of

contingent consideration

$0.07

$0.10

Non-GAAP Adjusted Net

Income per share

$0.97

$0.29

$0.40

$0.25

$1.02

$0.48

$0.41

$0.45

$1.50

$0.24

$0.75

$0.86

Weighted average shares

used in computing Non-

GAAP EPS

(millions)

39.041

38.346

37.620

35.793

35.156

35.217

34.633

35.005

35.118

34.857

34.195

33.606

Reconciliation: GAAP to Non-GAAP Results

Earnings

Per

Diluted

Quarterly

Reconciliation: TTM Free Cash Flow

In thousands

TTM Q1 FY13

TTM Q2 FY13

TTM Q3 FY13

TTM Q4 FY13

TTM Q1 FY14 TTM Q2 FY14

TTM Q3 FY14

TTM Q4 FY14

TTM Q1 FY15

Net cash provided by operating

activities

$116,750

$124,144

$122,659

$140,012

$133,239

$139,733

$134,740

$148,580

$201,319

Purchase of property, plant, and

equipment

$(63,181)

$(77,343)

$(80,006)

$(78,999)

(68,818)

$(65,801)

$(66,476)

$(72,122)

$(71,228)

Purchases of intangible assets

not related to acquisitions

$(160)

$(478)

$(519)

$(750)

$(816)

$(499)

$(500)

$(253)

$(263)

Capitalization of software and

website development costs

$(5,081)

$(5,712)

$(6,739)

$(7,667)

$(8,179)

$(8,945)

$(9,426)

$(9,749)

$(11,474)

Free Cash Flow

$48,328

$40,611

$35,395

$52,596

$55,426

$64,488

$58,338

$66,456

$118,353

Reconciliation: TTM ROIC

In thousands except percentages

TTM Q1 FY13

TTM Q2 FY13

TTM Q3 FY13

TTM Q4 FY13

TTM Q1 FY14

TTM Q2 FY14

TTM Q3 FY14

TTM Q4 FY14

TTM Q1 FY15

Operating Income

$45,662

$46,161

$48,110

$46,124

$54,299

$73,780

$69,286

$85,914

$94,385

Tax Provision

$(9,878)

$(15,196)

$(11,989)

$(9,387)

$(10,068)

$(7,884)

$(6,619)

$(10,590)

$(12,007)

Net Operating Profit

After Taxes (NOPAT)

$35,784

$30,965

$36,121

$36,737

$44,231

$65,896

$62,667

$75,324

$82,378

SBC incl. tax effect

$29,628

$33,147

$33,934

$33,662

$33,793

$33,315

$30,735

$28,520

$25,713

Amortization

$7,932

$9,027

$8,921

$10,361

$10,383

$10,389

$10,342

$12,187

$16,526

Changes in acq.-related

earn-outs

$2,192

$5,869

Non-GAAP NOPAT

$73,344

$73,139

$78,976

$80,760

$88,407

$109,600

$103,744

$118,223

$130,486

Average Invested

Capital¹

$414,392

$423,884

$432,621

$437,925

$442,793

$450,819

$459,360

$525,201

$575,837

GAAP ROIC

10%

15%

14%

Non-GAAP ROIC

18%

17%

18%

20%

24%

23%

¹See explanation of average invested capital on next slide.

In Q1 FY15, we updated our definition of ROIC to include invested capital inclusive of redeemable non-controlling interests, which date back to Q4 FY14. We also

corrected an error in our Q4 FY14 TTM ROIC calculation in which we had not excluded certain acquisition-related items from Non-GAAP ROIC (changes in acquisition-

related earn-outs; amortization of intangibles from recent acquisitions). These changes resulted in a small adjustment to our previously reported Q4 FY14 TTM ROIC.

Reconciliation: Average Invested Capital

In thousands except percentages

Q2 FY12

Q3 FY12

Q4 FY12

Q1 FY13

Q2 FY13

Q3 FY13

Q4 FY13

Q1 FY14

Q2 FY14

Q3 FY14

Q4 FY14

Q1 FY15

Total Debt

$146,500

$126,500

$229,000

$259,314

$230,500

$238,500

$238,750

$270,000

$204,500

$201,953

$448,059

$447,870

Redeemable Non-

Controlling Interest

$11,160

$10,109

Total Shareholders

Equity

$267,823

$281,940

$189,287

$199,186

$209,895

$201,684

$189,561

$206,715

$260,288

$272,395

$232,457

$216,185

Excess Cash

$(21,236)

$(3,205)

$(11,190)

$(6,353)

$(9,339)

$(5,093)

$(1,628)

Invested Capital

$393,087

$405,235

$407,097

$452,147

$431,056

$440,184

$428,311

$471,622

$463,160

$474,348

$691,676

$674,164

Average Invested

Capital

$414,392

$423,884

$432,621

$437,925

$442,793

$450,819

$459,360

$525,201

$575,837

Excess cash is cash and equivalents > 5% of last twelve month revenues; if negative, capped at zero

Average invested capital represents a four quarter average of total debt, redeemable non-controlling interests and total shareholder equity, less excess cash

ASIA-PACIFIC

Q2 FY12

Q3 FY12

Q4 FY12

Q1 FY13

Q2 FY13

Q3 FY13

Q4 FY13

Q1 FY14

Q2 FY14

Q3 FY14

Q4 FY14

Q1 FY15

Reported revenue growth

41%

47%

28%

26%

(11%)

(5%)

(3%)

14%

Currency impact

(4%)

(7%)

(3%)

13%

11%

13%

(1%)

Revenue growth in constant

currency

37%

40%

33%

29%

24%

10%

13%

EUROPE

Q2 FY12

Q3 FY12

Q4 FY12

Q1 FY13

Q2 FY13

Q3 FY13

Q4 FY13

Q1 FY14

Q2 FY14

Q3 FY14

Q4 FY14

Q1 FY15

Reported revenue growth

36%

29%

18%

12%

11%

(4%)

50%

46%

Currency impact

12%

11%

(1%)

(4%)

(3%)

(7%)

(1%)

Revenue growth in constant

currency

37%

34%

30%

23%

14%

(2%)

(7%)

43%

45%

Impact of TTM acquisitions

(45%)

(44%)

Revenue growth in constant

currency ex. TTM acquisitions

(2%)

Reconciliation: Constant-Currency/ex. TTM

Acquisition

Revenue

Growth

Rates

Quarterly

NORTH AMERICA

Q2 FY12

Q3 FY12

Q4 FY12

Q1 FY13

Q2 FY13

Q3 FY13

Q4 FY13

Q1 FY14

Q2 FY14

Q3 FY14

Q4 FY14

Q1 FY15

Reported revenue growth

20%

23%

20%

22%

20%

15%

18%

14%

13%

Currency impact

Revenue growth in constant

currency

20%

23%

21%

22%

20%

15%

18%

15%

14%

TOTAL COMPANY

Q2 FY12

Q3 FY12

Q4 FY12

Q1 FY13

Q2 FY13

Q3 FY13

Q4 FY13

Q1 FY14

Q2 FY14

Q3 FY14

Q4 FY14

Q1 FY15

Reported revenue growth

28%

26%

20%

18%

16%

12%

(1%)

21%

Currency impact

(2%)

Revenue growth in constant

currency

28%

25%

23%

17%

12%

(1%)

19%

21%

Impact of TTM acquisitions

(15%)

Revenue growth in constant

currency ex. TTM acquisitions

Reconciliation: Constant-Currency/ex. TTM

Acquisition

Revenue

Growth

Rates

Quarterly