8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

___________________________________

Form 8-K

___________________________________

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 27, 2016

__________________________________________

Cimpress N.V.

(Exact Name of Registrant as Specified in Its Charter)

__________________________________________

The Netherlands	000-51539	98-0417483
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

Hudsonweg 8
Venlo	5928 LW
The Netherlands	(Zip Code)
(Address of Principal Executive Offices)

Registrant’s telephone number, including area code: 31-77-850-7700

Not applicable

(Former Name or Former Address, if Changed Since Last Report)

__________________________________________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02.    Results of Operations and Financial Condition

On April 27, 2016, Cimpress N.V. issued a press release announcing its financial results for the third quarter ended March 31, 2016 and posted on its web site (ir.cimpress.com) a presentation and script discussing its third quarter financial results. The full text of the press release is furnished as Exhibit 99.1 to this report, the presentation is furnished as Exhibit 99.2, and the script that accompanies the presentation is furnished as Exhibit 99.3.

The information in this Item 2.02 and the exhibits to this report are not "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section, nor are they incorporated by reference in any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934, except as expressly set forth by specific reference in such a filing.

Item 9.01.    Financial Statements and Exhibits

(d)Exhibits

See the Exhibit Index attached to this report.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: April 27, 2016	CIMPRESS N.V.
	By:	/s/Sean E. Quinn
		Sean E. Quinn
		Senior Vice President and Chief Financial Officer

EXHIBIT INDEX

Exhibit
No.	Description
99.1	Press release dated April 27, 2016 entitled “Cimpress Reports Third Quarter Fiscal Year 2016 Financial Results”
99.2	Presentation dated April 27, 2016 entitled "Cimpress N.V. Q3 Fiscal Year 2016 Earnings presentation, commentary & financial results supplement"
99.3	Cimpress Q3 Fiscal Year 2016 Earnings Presentation Script dated April 27, 2016 accompanying the presentation in Exhibit 99.2

EX-99.1

Contacts:

Investor Relations:

Meredith Burns

ir@cimpress.com

+1.781.652.6480

Media Relations:

Cheryl Wadsworth

mediarelations@cimpress.com

Cimpress Reports Third Quarter Fiscal Year 2016 Financial Results

• Third quarter 2016 results:

◦ Revenue grew 29 percent year over year to $436.8 million

◦ Revenue grew 10 percent year over year excluding the impact of currency exchange rate fluctuations and revenue from businesses acquired during the past twelve months

◦ GAAP loss from operations was $17.5 million in the current period versus GAAP income from operations of $4.3 million in the year-ago period, largely due to a goodwill impairment charge of $30.8 million

◦ GAAP net loss per diluted share was $1.06 in the third quarter of 2016 versus GAAP net income per diluted share of $0.25 in the year-ago period, largely due to a goodwill impairment charge

◦ Adjusted net operating profit after tax (adjusted NOPAT) was $24.0 million versus $15.5 million in the year ago period.

Venlo, the Netherlands, April 27, 2016 -- Cimpress N.V. (Nasdaq: CMPR), the world leader in mass customization, today announced financial results for the three month period ended March 31, 2016, the third quarter of its 2016 fiscal year.

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"We progressed toward our strategic objectives and deployed capital and resources across both organic opportunities and acquisitions," said Robert Keane, president and chief executive officer. "We improved the Vistaprint business unit across key customer, product, revenue, and profitability metrics and we grew our Upload and Print business units both organically and through acquisition, including through the recently closed WIRmachenDRUCK transaction. We also built foundations in our Most of World and Corporate Solutions business units. Our mass customization platform team increased product selection, including the launch of several products fulfilled via the platform to multiple Cimpress business units."

As a reminder, in fiscal 2016 Cimpress is increasing investments in its mass customization platform, product expansion, Most of World business units, post-merger integration, and other key areas.

"We grew constant-currency organic revenue by 10% for the quarter," said Sean Quinn, chief financial officer. "This was our fifth consecutive quarter of 10% or better constant-currency organic revenue growth: the Vistaprint business unit grew 10% and Pixartprinting and Printdeal, the business units in our Upload and Print segment that we have owned for at least a year, delivered a combined 25% growth. This was partially offset by anticipated and previously described partner revenue declines in the All Other business units segment."

Quinn continued, "Our GAAP operating income and net income were impacted this quarter by a goodwill impairment charge related to one of our 2015 acquisitions in Europe. Although we are disappointed that the outlook that prompted the partial impairment for this particular business is less favorable than originally expected, we still expect the upload and print portfolio as a whole to return above the 15 percent hurdle rate we use for M&A. Adjusted NOPAT, which excludes non-operational items such as this impairment charge, grew strongly, reflecting our underlying profitability improvements even as we continue to make significant operating expense investments in a number of strategic areas.

"Our approach to capital allocation remains unchanged and we continue to invest across the categories we described in depth at our August 2015 investor day," Quinn continued. "Nine months into fiscal year 2016, we are making good progress across the focus areas described at our investor day, though aggregate year-to-date investments across a few categories are lower than originally planned. We now expect the full year adjusted NOPAT burden of our 'major

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organic' investments, such as the plant network component of our mass customization platform, Columbus, Most of World, and post-merger integration, will be slightly lower versus our original expectations. At our August investor day we also said that, on an adjusted NOPAT basis, we expected our 'diverse other' investments, which include those in technology and advertising for the Vistaprint business unit, product selection, and other items, to grow in line with revenue for fiscal 2016. We now expect the growth of investments to be slower than the growth of our consolidated revenue in fiscal 2016 primarily due to leverage in certain investment categories, as well as the increased revenue from our acquisition of WIRmachenDRUCK. Additionally, aggregate capital expenditures have been lower than expected year-to-date, which should increase free cash flow relative to the expectations we outlined earlier this year. As we complete fiscal year 2016 and look ahead to fiscal 2017, we will continue to evaluate additional opportunities to deploy capital to value-creating investments."

Consolidated Financial Metrics:

• Revenue for the third quarter of fiscal year 2016 was $436.8 million, a 29 percentincrease compared to revenue of $339.9 million in the same quarter a year ago. The year-over-year strengthening of the U.S. dollar negatively impacted our revenue growth rate. Excluding the estimated impact from currency exchange rate fluctuations, revenue growth was 31 percent. Excluding both the currency impact and revenue from businesses acquired during the past twelve months, revenue grew 10 percent year over year in the third quarter.

• Gross margin (revenue minus the cost of revenue as a percent of total revenue) in the third quarter was 54.8 percent, down from 63.1 percent in the same quarter a year ago due primarily to the increased weighting of our Upload and Print business units and a $6.7 million impairment charge related to the write-down of proprietary technology investments in the quarter.

• Adjusted NOPAT for the third quarter, which is defined at the end of this press release, was $24.0 million, or 5.5 percent of revenue, up from $15.5 million, or 4.6 percent of revenue, in the same quarter a year ago.

• Operating loss in the third quarter was $17.5 million, or (4.0) percent of revenue, a decrease in both absolute dollars and as a percent of revenue compared to operating income of $4.3 million, or 1.3 percent of revenue, in the same quarter a year ago.

• GAAP net loss for the third quarter was $33.4 million, or (7.6) percent of revenue, compared to GAAP net income of $8.6 million, or 2.5 percent of revenue in the same

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quarter a year ago. During the current period, both operating loss and GAAP net loss were significantly influenced by a goodwill impairment charge related to one of our acquired businesses in Europe and the write-down of proprietary technology investments. GAAP net loss was also impacted by year-over-year non-operational, non-cash currency impacts.

• GAAP net loss per diluted share for the third quarter was $1.06, versus net income of $0.25 in the same quarter a year ago.

• Capital expenditures in the third quarter were $19.1 million, or 4.4 percent of revenue.

• During the third quarter, the company generated $23.9 million of cash from operations and $(1.3) million in free cash flow, which is defined at the end of this press release.

• As of March 31, 2016, the company had $76.7 million in cash and cash equivalents and $696.6 million of debt, net of issuance costs. After considering debt covenant limitations, as of March 31, 2016 the company had $414.7 million available for borrowing under its committed credit facility.

• During the quarter, the company purchased 156,778 of its ordinary shares for $11.3 million, inclusive of transaction costs, at an average per-share cost of $71.84, as part of the share repurchase program authorized by our supervisory board in December 2014.

• During the third quarter of fiscal 2016, we issued 112,364 of our ordinary shares as part of our acquisition of WIRmachenDRUCK.

Cimpress has posted an end-of-quarter presentation with accompanying prepared remarks at ir.cimpress.com. On Thursday, April 28, 2016 at 7:30 a.m. (EDT) the company will host a live Q&A conference call with management to discuss the financial results, which will be available via webcast at ir.cimpress.com and via dial-in at +1 (855) 319-5923, conference ID 90505846. A replay of the Q&A session will be available on the company’s website following the call on April 28, 2016.

Important Reminder of Cimpress’ Priorities

We ask investors and potential investors in Cimpress to understand the upper-most objectives by which we endeavor to make all decisions, including investment decisions. Often we make decisions in service of these priorities that could be considered non-optimal were they to be evaluated based on other criteria such as (but not limited to) near- and mid-term cash flow, EBITDA, EPS and adjusted NOPAT.

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Our priorities are:

• Strategic Objective: To be the world leader in mass customization. By mass customization, we mean producing, with the reliability, quality and affordability of mass production, small individual orders where each and every one embodies the personal relevance inherent to customized physical products.

• Financial Objective: To maximize intrinsic value per share, defined as (a) the unlevered free cash flow per share that, in our best judgment, will occur between now and the long-term future, appropriately discounted to reflect our cost of capital, minus (b) net debt per share.

To understand these objectives and their implications, Cimpress encourages investors to read Robert Keane’s letter to investors published on July 29, 2015.

About non-GAAP financial measures

To supplement Cimpress’ consolidated financial statements presented in accordance with U.S. generally accepted accounting principles, or GAAP, Cimpress has used the following measures defined as non-GAAP financial measures by Securities and Exchange Commission, or SEC, rules: adjusted net operating profit after tax, free cash flow, constant-currency revenue growth and constant-currency revenue growth excluding revenue from acquisitions made in the last twelve months. Adjusted net operating profit after tax is defined as GAAP operating income, less cash taxes attributable to current period operations and interest expense associated with our Waltham lease, excluding M&A related items including acquisition-related amortization and depreciation, changes in the fair value of contingent consideration, and expense for deferred payments or equity awards that are treated as compensation expense, plus the impact of certain unusual items such as discontinued operations, restructuring charges, or impairments, plus realized gains or losses on currency forward contracts that are not included in operating income. Free cash flow is defined as net cash provided by operating activities less purchases of property, plant and equipment, purchases of intangible assets not related to acquisitions, and capitalization of software and website development costs, plus payment of contingent consideration in excess of acquisition-date fair value, plus gains on proceeds from insurance. 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. Third quarter constant-currency revenue growth excluding revenue from acquisitions made during the past twelve months excludes the impact of currency

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as defined above and revenue from druck.at, Easyflyer (FL Print), Exagroup, Alcione, Tradeprint and WIRmachenDRUCK.

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. 

Cimpress’ 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 Cimpress’ historical performance and our competitors’ operating results.

About Cimpress

Cimpress N.V. (Nasdaq: CMPR) is the world leader in mass customization. For more than 20 years, the company has been producing, with the reliability, quality and affordability of mass production, small individual orders where each and every one embodies the personal relevance inherent to customized physical products. The company produces more than 46 million uniquely designed items a year. Cimpress’ portfolio of brands includes Vistaprint, Albelli, Drukwerkdeal, Pixartprinting, Exaprint and others. That portfolio serves multiple customer segments across many applications for mass customization. To learn more, visit www.cimpress.com.

Cimpress and the Cimpress logo are trademarks of Cimpress N.V. or its subsidiaries. All other brand and product names appearing on this announcement may be trademarks or registered trademarks of their respective holders.

This press release contains statements about our future expectations, plans, and prospects of our business that constitute forward-looking statements for purposes of the safe harbor

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provisions under the Private Securities Litigation Reform Act of 1995, including but not limited to our expectations for the growth and development of our business and our acquired businesses, our planned investments in our business, and anticipated effects of those investments. 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; costs and disruptions caused by acquisitions and strategic investments; the failure of the businesses we acquire or invest in to perform as expected; unanticipated changes in our markets, customers, or business; competitive pressures; our failure to maintain compliance with the covenants in our revolving credit facility and senior notes or to pay our debts when due; general economic conditions; and other factors described in our Form 10-Q for the fiscal quarter ended December 31, 2015 and the other documents we periodically file with the U.S. Securities and Exchange Commission.

In addition, the statements and projections in this press release represent our expectations and beliefs as of the date of this press release, and subsequent events and developments may cause these expectations, beliefs, and projections to change. We specifically disclaim any obligation to update any forward-looking statements. These forward-looking statements should not be relied upon as representing our expectations or beliefs as of any date subsequent to the date of this press release.

Operational Metrics & Financial Tables to Follow

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CIMPRESS N.V.

CONSOLIDATED BALANCE SHEETS

(unaudited in thousands, except share and per share data)

	March 31, 2016			June 30, 2015
Assets
Current assets:
Cash and cash equivalents	$	76,726		$	103,584
Marketable securities	6,194			6,910
Accounts receivable, net of allowances of $425 and $372, respectively	36,992			32,145
Inventory	19,640			18,356
Prepaid expenses and other current assets	64,656			55,103
Total current assets	204,208			216,098
Property, plant and equipment, net	497,182			467,511
Software and web site development costs, net	31,850			22,109
Deferred tax assets	21,560			17,172
Goodwill	474,736			400,629
Intangible Assets, net	232,100			151,063
Other assets	24,905			25,213
Total assets	$	1,486,541		$	1,299,795
Liabilities and shareholders’ equity
Current liabilities:
Accounts payable	$	72,068		$	65,875
Accrued expenses	191,757			172,826
Deferred revenue	29,383			23,407
Deferred tax liabilities	—			1,043
Short-term debt	19,842			21,057
Other current liabilities	24,900			21,470
Total current liabilities	337,950			305,678
Deferred tax liabilities	72,792			48,007
Lease financing obligation	111,109			93,841
Long-term debt	676,805			493,039
Other liabilities	71,231			52,073
Total liabilities	1,269,887			992,638
Commitments and contingencies
Redeemable noncontrolling interests	64,871			57,738
Shareholders’ equity:
Preferred shares, par value €0.01 per share, 100,000,000 shares authorized; none issued and outstanding	—			—
Ordinary shares, par value €0.01 per share, 100,000,000 shares authorized; 44,080,627 shares issued; and 31,465,174 and 33,203,065 shares outstanding, respectively	615			615
Treasury shares, at cost, 12,615,453 and 10,877,562 shares, respectively	(550,766		)	(412,132		)
Additional paid-in capital	335,272			324,281
Retained earnings	465,168			435,052
Accumulated other comprehensive loss	(98,864		)	(98,909		)
Total shareholders’ equity attributable to Cimpress N.V.	151,425			248,907
Noncontrolling interest	358			512
Total shareholders equity	151,783			249,419
Total liabilities, noncontrolling interests and shareholders’ equity	$	1,486,541		$	1,299,795

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CIMPRESS N.V.

CONSOLIDATED STATEMENTS OF OPERATIONS

(unaudited in thousands, except share and per share data)

	Three Months Ended March 31,						Nine Months Ended March 31,
	2016			2015			2016			2015
Revenue	$	436,817		$	339,901		$	1,308,839		$	1,113,738
Cost of revenue (1)	197,365			125,540			552,219			412,381
Technology and development expense (1)	57,392			48,311			160,358			138,841
Marketing and selling expense (1)	132,352			120,795			397,158			371,680
General and administrative expense (1)	36,398			40,914			106,100			109,748
Impairment of goodwill	30,841			—			30,841			—
(Loss) Income from operations	(17,531		)	4,341			62,163			81,088
Other (expense) income, net	(9,003		)	8,291			7,929			30,282
Interest expense, net	(10,091		)	(3,131		)	(28,377		)	(9,508		)
(Loss) Income before income taxes	(36,625		)	9,501			41,715			101,862
Income tax (benefit) provision	(162		)	1,576			10,857			7,658
Net (loss) income	(36,463		)	7,925			30,858			94,204
Add: Net loss attributable to noncontrolling interest	3,100			686			4,177			1,710
Net (loss) income attributable to Cimpress N.V.	$	(33,363	)	$	8,611		$	35,035		$	95,914
Basic net (loss) income per share attributable to Cimpress N.V.	$	(1.06	)	$	0.26		$	1.10		$	2.95
Diluted net (loss) income per share attributable to Cimpress N.V.	$	(1.06	)	$	0.25		$	1.07		$	2.85
Weighted average shares outstanding — basic	31,343,711			32,694,354			31,734,226			32,537,940
Weighted average shares outstanding — diluted	31,343,711			34,180,563			32,792,355			33,637,567

____________________________________________

(1) Share-based compensation is allocated as follows:

	Three Months Ended March 31,				Nine Months Ended March 31,
	2016		2015		2016		2015
Cost of revenue	$	3	$	17	$	57	$	62
Technology and development expense	1,606		1,032		4,358		2,961
Marketing and selling expense	387		465		1,223		1,437
General and administrative expense	3,957		5,124		12,571		14,304

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CIMPRESS N.V.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(unaudited, in thousands)

	Three Months Ended March 31,						Nine Months Ended March 31,
	2016			2015			2016			2015
Operating activities
Net (loss) income	$	(36,463	)	$	7,925		$	30,858		$	94,204
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	34,454			22,402			96,517			69,756
Impairment of goodwill	30,841			—			30,841			—
Share-based compensation expense	5,897			6,638			18,153			18,764
Excess tax benefits derived from share-based compensation awards	(9,044		)	(1,344		)	(11,683		)	(2,686		)
Deferred taxes	(2,842		)	(424		)	(12,176		)	(8,666		)
Abandonment of long-lived assets	6,741			—			9,763			—
Unrealized loss (gain) on derivative instruments included in net income	2,897			(3,953		)	979			(7,435		)
Change in fair value of contingent consideration	—			7,512			—			14,890
Payment of contingent consideration in excess of acquisition date fair value	—			(1,249		)	—			(1,249		)
Effect of exchange rate changes on monetary assets and liabilities denominated in non-functional currency	7,657			2,665			(3,172		)	(15,932		)
Other non-cash items	1,265			1,354			2,795			3,126
Gain on proceeds from insurance	—			—			(3,136		)	—
Changes in operating assets and liabilities:
Accounts receivable	3,999			6,086			2,370			(855		)
Inventory	1,771			1,055			(1,316		)	(2,201		)
Prepaid expenses and other assets	(1,875		)	3,326			(4,269		)	18,064
Accounts payable	(8,283		)	(26,660		)	12,496			(5,049		)
Accrued expenses and other liabilities	(13,156		)	(23,763		)	14,515			17,683
Net cash provided by operating activities	23,859			1,570			183,535			192,414
Investing activities
Purchases of property, plant and equipment	(19,092		)	(15,153		)	(62,641		)	(50,105		)
Business acquisitions, net of cash acquired	(134,908		)	—			(162,440		)	(22,997		)
Purchases of intangible assets, net	(51		)	(56		)	(453		)	(201		)
Capitalization of software and website development costs	(6,057		)	(5,068		)	(18,184		)	(12,517		)
Proceeds from insurance related to investing activities	—			—			3,624			—
Other investing activities	—			—			775			—
Net cash used in investing activities	(160,108		)	(20,277		)	(239,319		)	(85,820		)
Financing activities
Proceeds from borrowings of debt	246,009			79,000			516,008			218,500
Proceeds from issuance of senior notes	—			275,000			—			275,000
Payments of debt and debt issuance costs	(96,859		)	(275,358		)	(332,191		)	(518,624		)
Payment of purchase consideration included in acquisition-date fair value	(4,350		)	(7,021		)	(4,350		)	(7,021		)
Payments of withholding taxes in connection with equity awards	(1,522		)	(1,533		)	(5,768		)	(4,297		)
Payments of capital lease obligations	(3,760		)	(1,473		)	(10,137		)	(4,315		)
Excess tax benefits derived from share-based compensation awards	9,044			1,344			11,683			2,686
Purchase of ordinary shares	(11,263		)	—			(153,467		)	—
Proceeds from issuance of ordinary shares	1,327			6,185			3,379			10,967
Capital contribution from noncontrolling interest	—			4,160			5,141			4,160
Other financing activities	—			(26		)	(303		)	(118		)
Net cash provided by (used in) financing activities	138,626			80,278			29,995			(23,062		)
Effect of exchange rate changes on cash and cash equivalents	1,148			(5,240		)	(1,069		)	(11,828		)
Net increase (decrease) in cash and cash equivalents	3,525			56,331			(26,858		)	71,704
Cash and cash equivalents at beginning of period	73,201			77,881			103,584			62,508
Cash and cash equivalents at end of period	$	76,726		$	134,212		$	76,726		$	134,212

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CIMPRESS N.V.

RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES

(Unaudited, in thousands)

	Three Months Ended March 31,						Nine Months Ended March 31,
	2016			2015			2016			2015
Adjusted net operating profit after tax reconciliation:
GAAP operating (loss) income	$	(17,531	)	$	4,341		$	62,163		$	81,088
Less: Cash taxes attributable to current period (see below)	(8,392		)	(4,666		)	(19,587		)	(17,332		)
Exclude expense (benefit) impact of:
Acquisition-related amortization and depreciation	10,879			4,515			30,316			16,891
Earn-out related charges¹	883			7,512			4,585			14,890
Share-based compensation related to investment consideration	1,168			1,499			3,705			3,096
Certain impairments²	37,582			—			40,604			—
Restructuring costs	—			520			381			674
Less: Interest expense associated with Waltham lease	(1,975		)	—			(4,326		)	—
Include: Realized gains on currency forward contracts not included in operating income	1,391			1,802			5,026			5,963
Adjusted NOPAT	$	24,005		$	15,523		$	122,867		$	105,270
Cash taxes paid in the current period³	$	344		$	3,089		$	11,089		$	10,646
Less: cash taxes (paid) received and related to prior periods³	4,760			(1,103		)	2,656			(4,551		)
Plus: cash taxes attributable to the current period but not yet paid	2,343			1,420			3,982			2,964
Plus: cash impact of excess tax benefit on equity awards attributable to current period	1,705			2,115			4,350			10,838
Less: installment payment related to the transfer of IP in a prior year	(760		)	(855		)	(2,490		)	(2,565		)
Cash taxes attributable to current period	$	8,392		$	4,666		$	19,587		$	17,332

¹Includes expense recognized for the change in fair value of contingent consideration and compensation expense related to earn-out mechanisms dependent upon continued employment.

²Includes the impact of impairments or abandonments of goodwill and other long-lived assets as defined by ASC 350 - "Intangibles - Goodwill and Other" or ASC 360 - "Property, plant, and equipment."

³For the three and nine months ended March 31, 2016, cash taxes paid in the current period includes a cash tax refund of $8,479, which is subsequently eliminated from cash taxes attributable to the current period as it relates to a refund of a prior years' taxes generated as a result of a prior year excess share-based compensation deduction. Therefore, the impact is not included in adjusted NOPAT for the current period.

	Three Months Ended March 31,						Nine Months Ended March 31,
	2016			2015			2016			2015
Free cash flow reconciliation:
Net cash provided by operating activities	$	23,859		$	1,570		$	183,535		$	192,414
Purchases of property, plant and equipment	(19,092		)	(15,153		)	(62,641		)	(50,105		)
Purchases of intangible assets not related to acquisitions	(51		)	(56		)	(453		)	(201		)
Capitalization of software and website development costs	(6,057		)	(5,068		)	(18,184		)	(12,517		)
Payment of contingent consideration in excess of acquisition-date fair value	—			1,249			—			1,249
Proceeds from insurance related to investing activities	—			—			3,624			—
Free cash flow	$	(1,341	)	$	(17,458	)	$	105,881		$	130,840

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CIMPRESS N.V.

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES (CONTINUED)

AND SUPPLEMENTAL INFORMATION(Unaudited, in thousands)

	GAAP Revenue
	Three Months Ended March 31,					Currency Impact:	Constant- Currency	Impact of Acquisitions:	Constant- Currency revenue growth
	2016		2015		%  Change	(Favorable)/Unfavorable	Revenue Growth	(Favorable)/Unfavorable	Excluding acquisitions
Revenue growth reconciliation by reportable segment:
Vistaprint business unit	$	289,901	$	268,490	8%	2%	10%	—%	10%
Upload and Print business units	116,356		38,674		201%	2%	203%	(178)%	25%
All Other business units	30,560		32,737		(7)%	4%	(3)%	—%	(3)%
Total revenue	$	436,817	$	339,901	29%	2%	31%	(21)%	10%

	GAAP Revenue
	Nine Months Ended March 31,					Currency Impact:	Constant- Currency	Impact of Acquisitions:	Constant- Currency revenue growth
	2016		2015		% Change	(Favorable)/Unfavorable	Revenue Growth	(Favorable)/Unfavorable	Excluding acquisitions
Revenue growth reconciliation by reportable segment:
Vistaprint business unit	$	912,153	$	875,184	4%	5%	9%	—%	9%
Upload and Print business units	286,171		121,382		136%	13%	149%	(120)%	29%
All Other business units	110,515		117,172		(6)%	10%	4%	—%	4%
Total revenue	$	1,308,839	$	1,113,738	18%	6%	24%	(13)%	11%

	Three Months Ended March 31,						Nine Months Ended March 31,
Adjusted net operating profit by reportable segment:	2016			2015			2016			2015
Vistaprint business unit	$	79,791		$	69,255		$	263,974		$	249,049
Upload and Print business units	15,880			3,438			42,004			13,575
All Other business units	(3,895		)	451			1,901			10,319
Total	91,776			73,144			307,879			272,943
Corporate and global functions	(60,770		)	(54,757		)	(170,451		)	(156,304		)
Acquisition-related amortization and depreciation	(10,879		)	(4,515		)	(30,316		)	(16,891		)
Earn-out related charges¹	(883		)	(7,512		)	(4,585		)	(14,890		)
Share-based compensation related to investment consideration	(1,168		)	(1,499		)	(3,705		)	(3,096		)
Certain impairments²	(37,582		)	—			(40,604		)	—
Restructuring charges	—			(520		)	(381		)	(674		)
Interest expense for Waltham lease	1,975			—			4,326			—
Total income from operations	$	(17,531	)	$	4,341		$	62,163		$	81,088

¹Includes expense recognized for the change in fair value of contingent consideration and compensation expense related to earn-out mechanisms dependent upon continued employment.

²Includes the impact of impairments or abandonments of goodwill and other long-lived assets as defined by ASC 350 - "Intangibles - Goodwill and Other" or ASC 360 - "Property, plant, and equipment."

Note: The following factors, among others, may limit the comparability of adjusted net operating profit by segment:

• We do not allocate support costs across operating segments or corporate and global functions.

• Some of our acquired business units in our Upload and Print business units and All Other business units segments are burdened by the costs of their local finance, HR, and other administrative support functions, whereas other business units leverage our global functions and do not receive an allocation for these services.

• Our All Other business units reporting segment includes our Most of World business unit, which has adjusted NOP losses as it is in its early stage of investment relative to the scale of the underlying business.

Adjusted NOP by segment may be different than the major investment assessment that we publish via letter to investors at year end, where we do estimate and allocate some of the costs included in the “Corporate and Global Functions” expense category.

Page 12 of 13

CIMPRESS N.V.

Supplemental Information

(Unaudited, in thousands)

Supplemental Financial and Operating Information
In $ millions, except where noted	FY2014		Q1 FY2015		Q2 FY2015		Q3 FY2015		Q4 FY2015		FY2015		Q1 FY2016		Q2 FY2016		Q3 FY2016
Revenue - Consolidated as Reported	$1,270.2		$333.9		$439.9		$339.9		$380.5		$1,494.2		$375.7		$496.3		$436.8
y/y growth	9	%	21	%	19	%	19	%	13	%	18	%	13	%	13	%	29	%
y/y growth in constant currency	8	%	21	%	23	%	26	%	22	%	23	%	21	%	20	%	31	%
Vistaprint ²	$1,103.2		$261.2		$345.5		$268.5		$274.5		$1,149.7		$267.5		$354.8		$289.9
y/y growth	n/a		6	%	3	%	4	%	5	%	4	%	2	%	3	%	8	%
y/y growth in constant currency	n/a		5	%	7	%	11	%	11	%	9	%	8	%	8	%	10	%
as % of revenue	86	%	78	%	78	%	79	%	72	%	77	%	71	%	71	%	66	%
Upload and Print	$43.6		$38.7		$44.0		$38.7		$75.7		$197.1		$76.5		$93.3		$116.4
y/y growth	n/a		n/a		n/a		n/a		74	%	352	%	98	%	112	%	201	%
y/y growth in constant currency	n/a		n/a		n/a		n/a		100	%	352	%	118	%	128	%	203	%
as % of revenue	4	%	12	%	10	%	11	%	20	%	13	%	20	%	19	%	27	%
All Other ²	$123.4		$34.0		$50.5		$32.7		$30.3		$147.4		$31.7		$48.2		$30.6
y/y growth	n/a		24	%	44	%	13	%	(5	)%	18	%	(6	)%	(4	)%	(7	)%
y/y growth in constant currency	n/a		24	%	48	%	26	%	7	%	19	%	7	%	8	%	(3	)%
as % of revenue	10	%	10	%	12	%	10	%	8	%	10	%	9	%	10	%	7	%
Physical printed products and other	$1,189.9		$315.1		$422.1		$322.6		$363.3		$1,423.1		$359.0		$480.2		$421.4
Digital products/services	$80.3		$18.8		$17.8		$17.3		$17.2		$71.1		$16.7		$16.1		$15.4
Advertising & commissions expense - consolidated	$267.7		$63.9		$85.6		$72.1		$64.8		$286.4		$70.2		$85.0		$74.3
as % of revenue	21	%	19	%	19	%	21	%	17	%	19	%	19	%	17	%	17	%
TTM Bookings - Vistaprint
% TTM Bookings from repeat orders ²			72	%	73	%	73	%	73	%			73	%	74	%	74	%
% TTM Bookings from first-time orders ²			28	%	27	%	27	%	27	%			27	%	26	%	26	%
Advertising & commissions expense - Vistaprint	$256.5		$56.4		$75.7		$64.8		$59.1		$256.0		$62.4		$73.3		$64.5
as % of revenue	23	%	22	%	22	%	24	%	22	%	22	%	23	%	21	%	22	%
Headcount at end of period	5,127		5,336		5,859		5,839		6,552				6,836		7,463		7,585
Full-time employees	4,901		5,040		5,203		5,534		6,168				6,447		6,845		7,226
Temporary employees	226		296		656		305		384				389		618		359
Some numbers may not add due to rounding. Metrics are unaudited.
¹For the three months ended March 31, 2016, constant-currency revenue growth excluding acquisitions excludes the impact of currency and revenue from druck.at, Easyflyer, Exagroup, Alcione, Tradeprint and WIRmachenDRUCK.
²In Q2 2016, revenue and TTM bookings from the Corporate Solutions business unit was recast to reflect a change in the calculation approach, resulting in an immaterial change to historical revenue for the Vistaprint and All Other reportable segments, as well as TTM bookings from repeat and first-time orders.

Page 13 of 13

EX-99.2

CIMPRESS N.V. Q3 Fiscal Year 2016 Earnings presentation, commentary & financial results supplement April 27, 2016

2 Safe Harbor Statement This presentation and the accompanying notes contain 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 and development of our business and our acquired businesses, the development and success of our mass customization platform, our planned investments in our business, and our outlook described in the section of the presentation entitled “Forward Looking Commentary.” 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; our failure to develop our mass customization platform or to realize the anticipated benefits of such a platform; our failure to promote and strengthen our brands; our failure to manage the growth and complexity of our business and expand our operations; the failure of the businesses we acquire or invest in to perform as expected; costs and disruptions caused by acquisitions and strategic investments; the willingness of purchasers of customized marketing services and products to shop online; unanticipated changes in our markets, customers, or business; competitive pressures; our failure to maintain compliance with the covenants in our senior secured revolving credit facility and senior unsecured notes or to pay our debts when due; changes in the laws and regulations that affect our business; general economic conditions; and other factors described in our Form 10-Q for the fiscal quarter ended December 31, 2015 and the other documents we periodically file with the U.S. Securities and Exchange Commission.

3 Presentation Organization & Call Details • Q3 FY2016 Overview • Q3 FY2016 Operating and financial results • Looking ahead • Supplementary information • Reconciliation of GAAP to non-GAAP results Live Q&A Session: THURSDAY MORNING April 28, 2016, 7:30 a.m. EDT Link from ir.cimpress.com Hosted by: Robert Keane President & CEO Sean Quinn CFO

Our Objectives Strategic To be the world leader in mass customization • Producing, with the reliability, quality and affordability of mass production, small individual orders where each and every one embodies the personal relevance inherent to customized physical products Financial To maximize intrinsic value per share • Defined as (a) the unlevered free cash flow per share that, in our best judgment, will occur between now and the long-term future, appropriately discounted to reflect our cost of capital, minus (b) net debt per share

5 Q3 Financial Performance • Good revenue growth year-over-year – Constant Currency • 10% excluding acquisitions in last 4 quarters • 31% consolidated, including recent acquisitions – Reported (USD) Growth • 29% consolidated revenue growth at reported currency rates • Adjusted NOPAT up versus last year – Increased profits in Vistaprint and Upload and Print business units partially offset by increased investments and higher taxes attributable to current period Consolidated

6 Vistaprint Business Unit • Continued traction with customer value proposition changes – 10% constant-currency growth – 8% reported revenue growth – Double-digit repeat bookings growth – Positive new customer bookings growth, with stabilizing new customer count – Continued growth in gross profit per customer – Focus categories growing faster than VBU average • VBU ad spend down due to efficiencies from repeat revenue growth and typical fluctuations Note: In Q1 2016, Cimpress moved its retail and strategic partner program into a separate business unit. The results of this program were formerly reported as part of the Vistaprint business unit and are now included in the All Other business units reportable segment. All historical results presented here exclude the results of this program for ease of comparison. *In Q2 2016, TTM bookings: New & Repeat Mix for VBU was recast to reflect a change in the calculation approach for Corporate Solutions bookings.

7 • Upload and Print Y/Y growth: – 25% constant-currency growth excluding recent acquisitions – 203% constant-currency revenue growth – 201% reported revenue growth • WIRmachenDRUCK acquisition completed in February • Partial goodwill impairment related to Exagroup acquisition Upload and Print Business Units Note: In Q1 2016, Cimpress created a new reportable segment: Upload and Print business units, which includes the results of Alcione, druck.at, Easyflyer, Exagroup, Pixartprinting, Printdeal, Tradeprint and WIRmachenDRUCK. These businesses were formerly included in our All other reportable segment (with the exception of Alcione, Tradeprint and WIRmachenDRUCK which were acquired during Q1, Q1, and Q3 2016, respectively).

8 Albumprinter Most of World ● Brazil ● Japan ● India ● China Corporate Solutions ● 3rd parties that sell our products (branded or white- labeled) ● Franchise businesses ●Others • All Other business units Y/Y growth: – 3% constant-currency revenue decline – 7% reported revenue decline • Most of World growth more than offset by expected year-over-year declines in partner revenue All Other Business Units What businesses are in this reportable segment? Note: In Q2 2016, revenue from the Corporate Solutions Business Unit was recast to reflect a change in the calculation approach.

9 Mass Customization Platform • Remain at the early stages of this multi- year project • Q3 progress highlights – Talent and software technology investments continue to ramp – Additional wins for acquisition integration in procurement, product availability – Columbus: continued SKU ramp (now available to varying degrees on Vistaprint sites in NA, EU, India, Exaprint and Easyflyer) – Product expansion, such as point of sale displays launched at Druck.at

10 Adjusted Net Operating Profit by Segment Quarterly, USD in millions In USD millions. Please see reconciliation of non-GAAP measures at the end of this presentation.

11 Other News: Upcoming Extraordinary General Meeting Evolved compensation program with proposal for new equity plan • On April 18th we filed a preliminary proxy statement seeking approval for new equity plan • We believe the program: – Supports our uppermost financial objective to maximize intrinsic value per share – Aligns our interests with Cimpress’ long-term shareholders – Appropriately balances the sharing of value creation between Cimpress shareholders and team members • We encourage you to read the preliminary proxy statement for full details

Q3 FY2016 Financial & Operating Metrics

13 Q3 FY2016: Revenue Growth Consolidated Revenue Growth (Constant Currency) Please see reconciliation of non-GAAP measures at the end of this presentation.

14 In USD millions. Please see reconciliation of non-GAAP measures at the end of this presentation. Q3 FY2016: Profit Metrics

15 Currency Impacts • Impact on both GAAP net income and adjusted NOPAT: – Reduced our YoY revenue growth by 200 bps – More limited impact on bottom line due to natural offsets, and an active currency hedging program ($1.4M realized hedging gains) • Additional below-the-line currency impacts on GAAP net income but excluded from adjusted NOPAT: – Other net currency losses of $10.6M primarily related to unrealized losses on intercompany loan balances and cash flow currency hedges In Q3 FY16, "Other income (expense), net" also included an immaterial, non-currency related gain.

16 Cash Flow and ROIC Highlights In USD millions except percentages. Please see reconciliation of non-GAAP measures at the end of this presentation. (1) Free cash flow does not include the value of capital leases. Consolidated $66 $72 $71 $65 $68 $76 $84 $84 $88

17 Debt Related Metrics *Our borrowing ability under our senior secured credit facility can be limited by our debt covenants each quarter. These covenants may limit our borrowing capacity depending on our leverage, other indebtedness, such as notes, capital leases, letters of credit, and other debt, as well as 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. All adjusted EBITDA and credit facility availability info in USD millions. Please see reconciliation of non-GAAP measures at the end of this presentation. Availability under our senior secured credit facility (In USD, millions)* 03/31/2016 Maximum aggregate available for borrowing $834.0 Outstanding borrowings of senior secured credit facilities ($417.7) Remaining amount $416.3 Limitations to borrowing due to debt covenants and other obligations* ($1.7) Amount available for borrowing as of March 31, 2016 $414.7 Consolidated

Looking Ahead

19 Forward-Looking Commentary • YTD results reflect the strength of the underlying profitability of the business • "Major" and "Diverse Other" organic investment spending outlined at our investor day in August continues, but is lower than expected: – Major organic investments on an adjusted NOPAT basis for FY 2016 will be slightly lower than outlined in August – Diverse other organic investments on an adjusted NOPAT basis for FY 2016 now expected to grow slower than consolidated revenue growth – Aggregate capital expenditures are also lower than planned for the year, so FCF should increase relative to August expectations • Expect WIRmachenDRUCK acquisition to add to revenue, adjusted NOPAT, adjusted EBITDA and FCF in FY16, but to be slightly dilutive to GAAP net income • GAAP effective tax rate now expected to be roughly 20% - 25% for fiscal 2016; cash taxes should benefit from $8.5M tax refund received in Q3

20 Summary • Clear priorities – Strategic: to be the world leader in mass customization – Financial: to maximize intrinsic value per share • Solid progress nine months through FY 2016 – Investments in technology for common mass customization platform – Continued traction of Vistaprint brand repositioning – Acquisitions performing well as portfolio • Believe innovation and risk taking are critical to value creation – Partial goodwill impairment of one of our recent investments but expect Upload and Print portfolio to return above 15% hurdle • Remain confident in ability to meet our objectives

Q&A Session Please go to ir.cimpress.com for the live Q&A call at 7:30 am EDT on April 28, 2016

Q3 Fiscal Year 2016 Financial and Operating Results Supplement

23 *All acquisitions included as of acquisition date. For a description of acquisitions and joint ventures that are excluded from constant currency growth, please see reconciliation to reported revenue growth rates at the end of this presentation. Revenue Growth Rates* Consolidated FY13 FY14 FY15 YTD FY16 16% constant currency growth 8% constant currency growth 23% constant currency growth 24% constant currency growth

24 Reported Revenue by Segment Quarterly, USD in millions Q3 FY2016 Vistaprint business unit² 66% of total revenue 8% y/y growth 10% y/y constant currency growth Upload and Print business units 27% of total revenue 201% y/y growth 203% y/y constant currency growth 25% y/y constant currency growth ex. acquisitions in the last 12 months¹ All Other business units² 7% of total revenue (7)% y/y growth (3)% y/y constant currency growth ¹For a description of acquisition and joint ventures that are excluded from constant currency growth, please see reconciliation to reported revenue growth rates at the end of this presentation. ²In Q2 2016, revenue from the Corporate Solutions business unit was recast to reflect a change in the calculation approach, resulting in an immaterial change to historical revenue for the Vistaprint and All other reportable segments.

25 Organic Constant Currency Revenue Growth (excl. TTM acquisitions) In Q4 FY2015, we recognized $4.0M of previously deferred revenue related to group buying activities, a benefit to the year-over-year growth rate for Vistaprint business unit in that period.

26 Share-Based Compensation Note: Share-based compensation excludes SBC-related tax adjustment. The period from Q4 FY13 to Q2 FY14 includes expense related to the RSA grants as part of the Webs acquisition. Consolidated FY13 $32.9 FY14 $27.8 FY15 $24.1 YTD FY16 $18.2 Quarterly, USD in millions

27 Balance Sheet Highlights Balance sheet highlights, USD in millions, at period end 3/31/2015 6/30/2015 9/30/2015 12/31/2015 3/31/2016 Total assets $1,032.2 $1,299.8 $1,343.7 $1,302.5 $1,486.5 Cash and cash equivalents $134.2 $103.6 $93.8 $73.2 $76.7 Total current assets $220.6 $216.1 $217.4 $197.4 $204.2 Property, plant and equipment, net $391.8 $467.5 $495.1 $490.6 $497.2 Goodwill and intangible assets $364.1 $551.7 $564.2 $540.7 $706.8 Total liabilities $783.6 $992.6 $1,168.5 $1,079.6 $1,269.9 Current liabilities $233.1 $305.7 $311.9 $340.0 $338.0 Long-term debt $411.3 $493.0 $637.3 $528.4 $676.8 Shareholders’ Equity attributable to Cimpress NV $234.9 $248.9 $109.7 $157.7 $151.4 Treasury shares (in millions) 11.3 10.9 12.7 12.6 12.6 Consolidated

Appendix Including a Reconciliation of GAAP to Non-GAAP Financial Measures

29 About Non-GAAP Financial Measures • To supplement Cimpress' consolidated financial statements presented in accordance with U.S. generally accepted accounting principles, or GAAP, Cimpress has used the following measures defined as non-GAAP financial measures by Securities and Exchange Commission, or SEC, rules: adjusted EBITDA, free cash flow, trailing twelve month return on invested capital, adjusted NOPAT, adjusted NOP by segment, constant-currency revenue growth and constant- currency revenue growth excluding revenue from acquisitions and joint ventures from the past twelve months. Please see the next two slides 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 presentation. 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. • Cimpress' 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 Cimpress' historical performance and our competitors’ operating results.

30 Non-GAAP Financial Measures Definitions Non-GAAP Measure Definition Free Cash Flow FCF = Cash flow from operations – capital expenditures – purchases of intangible assets not related to acquisitions – capitalized software expenses + payment of contingent consideration in excess of acquisition-date fair value + gains on proceeds from insurance Adjusted Net Operating Profit After Tax (Adjusted NOPAT) Adjusted NOPAT = GAAP operating income - cash taxes attributable to the current period (see definition below) + the impact of M&A related items including acquisition-related amortization and depreciation, the change in fair value of contingent consideration, and expense for deferred payments or equity awards that are treated as compensation expense + the impact of unusual items such as discontinued operations, restructuring charges, and impairments - interest expense related to our Waltham office lease + realized gains or losses from currency forward contracts that are not included in operating income as we do not apply hedge accounting Cash Taxes Attributable to the Current Period included in Adjusted NOPAT As part of our calculation of adjusted NOPAT, we subtract the cash taxes attributable to the current period operations, which we define as the actual cash taxes paid or to be paid adjusted for any non-operational items and excluding the excess tax benefit from equity awards. Adjusted NOP by Segment Adjusted Net Operating Profit as defined above in adjusted NOPAT definition, less cash taxes which are not allocated to segments. Trailing Twelve Month Return on Invested Capital ROIC = adjusted NOPAT / (debt + redeemable non-controlling interest + total shareholders equity – excess cash) Adjusted NOPAT is defined above. 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 Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (Adjusted EBITDA) Adjusted EBITDA = Operating Income + depreciation and amortization (excluding depreciation and amortization related to our Waltham office lease) + share-based compensation expense + proceeds from insurance + earn-out related charges + certain impairments + realized gains or losses on currency forward contracts - interest expense related to our Waltham office lease 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 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, for Q3, revenue from druck.at, Easyflyer, Exagroup, Alcione, Tradeprint, and WIRmachenDRUCK.

31 Reconciliation: Free Cash Flow Q3 FY15 Q3 FY16 YTD Q3 FY15 YTD Q3 FY16 Net cash provided by operating activities $1,570 $23,859 $192,414 $183,535 Purchases of property, plant and equipment ($15,153) ($19,092) ($50,105) ($62,641) Purchases of intangible assets not related to acquisitions ($56) ($51) ($201) ($453) Capitalization of software and website development costs ($5,068) ($6,057) ($12,517) ($18,184) Payment of contingent consideration in excess of acquisition-date fair value $1,249 $— $1,249 $— Proceeds from insurance related to investing activities $— $— $— $3,624 Free cash flow ($17,458) ($1,341) $130,840 $105,881 In thousands Reference: Value of capital leases $— $4,852 $9,761 $7,869

32 Reconciliation: Free Cash Flow TTM, In thousands TTM Q3 FY14 TTM Q4 FY14 TTM Q1 FY15 TTM Q2 FY15 TTM Q3 FY15 TTM Q4 FY15 TTM Q1 FY16 TTM Q2 FY16 TTM Q3 FY16 Net cash provided by operating activities $134,740 $148,580 $201,323 $244,520 $242,948 $228,876 $201,973 $197,708 $219,997 Purchases of property, plant and equipment ($66,475) ($72,122) ($71,229) ($64,905) ($68,228) ($75,813) ($83,522) ($84,410) ($88,349) Purchases of intangible assets not related to acquisitions ($500) ($253) ($263) ($279) ($252) ($250) ($522) ($507) ($502) Capitalization of software and website development costs ($9,427) ($9,749) ($11,474) ($12,779) ($14,927) ($17,323) ($18,694) ($22,001) ($22,990) Payment of contingent consideration in excess of acquisition-date fair value $— $— $— $— $1,249 $8,055 $8,055 $8,055 $6,806 Proceeds from insurance related to investing activities $— $— $— $— $— $— $2,075 $3,624 $3,624 Free cash flow $58,338 $66,456 $118,357 $166,557 $160,790 $143,545 $109,365 $102,469 $118,586 Reference: Value of capital leases $— $300 $3,501 $10,061 $10,061 $13,193 $12,385 $6,449 $11,301

33 Reconciliation: Adjusted NOPAT Quarterly, In thousands Q3 FY14 Q4 FY14 Q1 FY15 Q2 FY15 Q3 FY15 Q4 FY15 Q1 FY16 Q2 FY16 Q3 FY16 GAAP operating (loss) income $5,239 $19,744 $16,859 $59,888 $4,341 $15,236 $12,085 $67,609 ($17,531) Less: Cash taxes attributable to current period (see below) ($5,282) ($3,241) ($5,313) ($7,353) ($4,666) ($7,656) ($6,833) ($4,362) ($8,392) Exclude expense (benefit) impact of: Acquisition-related amortization and depreciation $2,228 $5,838 $6,908 $5,468 $4,515 $7,374 $9,782 $9,655 $10,879 Earn-out related charges¹ $— $2,192 $3,677 $3,701 $7,512 $385 $289 $3,413 $883 Share-based compensation related to investment consideration $— $440 $497 $1,100 $1,499 $473 $802 $1,735 $1,168 Certain impairments² $— $— $— $— $— $— $— $3,022 $37,582 Restructuring costs $128 $2,866 $— $154 $520 $2,528 $271 $110 $— Less: Interest expense associated with Waltham lease $— $— $— $— $— $— ($350) ($2,001) ($1,975) Include: Realized gains on currency forward contracts not included in operating income ($2,132) ($2,177) ($17) $4,178 $1,802 $1,487 $316 $3,319 $1,391 Adjusted NOPAT $181 $25,662 $22,611 $67,136 $15,523 $19,827 $16,362 $82,500 $24,005 ¹Includes expense recognized for the change in fair value of contingent consideration and compensation expense related to cash-based earn-out mechanisms dependent upon continued employment. ²Includes the impact of impairments or abandonments of goodwill and other long-lived assets as defined by ASC 350 - "Intangibles - Goodwill and Other" or ASC 360 - "Property, plant, and equipment." ³For the three and nine months ended March 31, 2016, cash taxes paid in the current period includes a cash tax refund of $8,479, which is subsequently eliminated from cash taxes attributable to the current period as it relates to a refund of prior years' taxes generated as a result of prior year excess share-based compensation deduction. Therefore the impact is not included in adjusted NOPAT for the current period. Cash taxes paid in the current period ³ $3,216 $5,824 $5,296 $2,261 $3,089 $3,639 $4,709 $6,036 $344 Less: cash taxes (paid) received and related to prior periods ³ ($44) ($3,288) ($2,860) ($588) ($1,103) ($925) $359 ($2,463) $4,760 Plus: cash taxes attributable to the current period but not yet paid $1,103 $1,485 $936 $608 $1,420 $3,703 $921 $718 $2,343 Plus: cash impact of excess tax benefit on equity awards attributable to current period $1,864 $77 $2,796 $5,927 $2,115 $2,094 $1,709 $936 $1,705 Less: installment payment related to the transfer of IP in a prior year ($857) ($857) ($855) ($855) ($855) ($855) ($865) ($865) ($760) Cash taxes attributable to current period $5,282 $3,241 $5,313 $7,353 $4,666 $7,656 $6,833 $4,362 $8,392

34 ¹Includes expense recognized for the change in fair value of contingent consideration and compensation expense related to cash-based earn-out mechanisms dependent upon continued employment. ²Includes the impact of impairments or abandonments of goodwill and other long-lived assets as defined by ASC 350 - "Intangibles - Goodwill and Other" or ASC 360 - "Property, plant, and equipment." ³For the three and nine months ended March 31, 2016, cash taxes paid in the current period includes a cash tax refund of $8,479, which is subsequently eliminated from cash taxes attributable to the current period as it relates to a refund of prior years' taxes generated as a result of prior year excess share-based compensation deduction. Therefore the impact is not included in adjusted NOPAT for the current period. Reconciliation: Adjusted NOPAT TTM, In thousands TTM Q4FY14 TTM Q1FY15 TTM Q2FY15 TTM Q3FY15 TTM Q4FY15 TTM Q1FY16 TTM Q2FY16 TTM Q3FY16 GAAP operating (loss) income $85,914 $94,364 $101,730 $100,832 $96,324 $91,550 $99,271 $77,399 Less: Cash taxes attributable to current period (see below) ($20,123) ($20,145) ($21,189) ($20,573) ($24,988) ($26,508) ($23,517) ($27,243) Exclude expense (benefit) impact of: Acquisition-related amortization and depreciation $12,723 $17,327 $20,442 $22,728 $24,264 $27,138 $31,325 $37,690 Earn-out related charges¹ $2,192 $5,869 $9,570 $17,082 $15,275 $11,887 $11,599 $4,970 Share-based compensation related to investment consideration $4,363 $2,866 $2,037 $3,536 $3,569 $3,874 $4,509 $4,178 Certain impairments² $0 $0 $0 $0 $0 $0 $3,022 $40,604 Restructuring costs $5,980 $5,980 $3,148 $3,540 $3,202 $3,473 $3,429 $2,909 Less: Interest expense associated with Waltham lease $0 $0 $0 $0 $0 ($350) ($2,351) ($4,326) Include: Realized gains on currency forward contracts not included in operating income ($7,048) ($1,856) ($148) $3,786 $7,450 $7,783 $6,924 $6,513 Adjusted NOPAT $84,001 $104,405 $115,590 $130,931 $125,096 $118,847 $134,211 $142,694 Cash taxes paid in the current period ³ $18,484 $21,097 $16,597 $16,470 $14,285 $13,698 $17,473 $14,728 Less: cash taxes (paid) received and related to prior periods ³ ($6,521) ($7,665) ($6,780) ($7,839) ($5,476) ($2,257) ($4,132) $1,731 Plus: cash taxes attributable to the current period but not yet paid $6,036 $4,112 $4,132 $4,449 $6,667 $6,652 $6,762 $7,685 Plus: cash impact of excess tax benefit on equity awards attributable to current period $5,552 $6,027 $10,664 $10,915 $12,932 $11,845 $6,854 $6,444 Less: installment payment related to the transfer of IP in a prior year ($3,428) ($3,426) ($3,424) ($3,422) ($3,420) ($3,430) ($3,440) ($3,345) Cash taxes attributable to current period $20,123 $20,145 $21,189 $20,573 $24,988 $26,508 $23,517 $27,243

35 Note: The following factors, among others, may limit the comparability of adjusted net operating profit by segment: • We do not allocate support costs across operating segments or corporate and global functions. • Some of our acquired business units in our Upload and Print business units and All Other business units segments are burdened by the costs of their local finance, HR, and other administrative support functions, whereas other business units leverage our global functions and do not receive an allocation for these services. • Our All Other business units reporting segment includes our Most of World business unit, which has adjusted NOP losses as it is in its early stage of investment relative to the scale of the underlying business. Adjusted NOP by segment may be different than the major investment assessment that we publish via letter to investors at year end, where we do estimate and allocate some of the costs included in the “Corporate and global functions” expense category. ¹ Includes expense recognized for the change in fair value of contingent consideration and compensation expense related to cash-based earn-out mechanisms dependent upon continued employment. ² Includes the impact of impairments or abandonments of goodwill and other long-lived assets as defined by ASC 350 - "Intangibles - Goodwill and Other" or ASC 360 - "Property, plant, and equipment." Reconciliation: Adjusted NOP by Segment Quarterly, In thousands Adjusted Net Operating Profit (NOP): Q3 FY14 Q4 FY14 Q1 FY15 Q2 FY15 Q3 FY15 Q4 FY15 Q1 FY16 Q2 FY16 Q3 FY16 Vistaprint business unit $58,018 $72,635 $70,836 $108,958 $69,255 $74,493 $66,358 $117,825 $79,791 Upload and Print business units $— $4,664 $4,520 $5,617 $3,438 $11,692 $10,887 $15,237 $15,880 All Other business units $1,901 $3,899 $1,433 $8,435 $451 ($973) ($1,085) $6,881 ($3,895) Total $59,919 $81,198 $76,789 $123,010 $73,144 $85,212 $76,160 $139,943 $91,776 Corporate and global functions ($52,324) ($50,118) ($48,848) ($52,699) ($54,757) ($59,216) ($53,281) ($56,400) ($60,770) Acquisition-related amortization and depreciation ($2,228) ($5,838) ($6,908) ($5,468) ($4,515) ($7,373) ($9,782) ($9,655) ($10,879) Earn-out related charges¹ $— ($2,192) ($3,677) ($3,701) ($7,512) ($386) ($289) ($3,413) ($883) Share-based compensation related to investment consideration $— ($440) ($497) ($1,100) ($1,499) ($473) ($802) ($1,735) ($1,168) Certain impairments² $— $— $— $— $— $— $— ($3,022) ($37,582) Restructuring charges ($128) ($2,866) $— ($154) ($520) ($2,528) ($271) ($110) $— Interest expense for Waltham lease $— $— $— $— $— $— $350 $2,001 $1,975 Total income (loss) from operations $5,239 $19,744 $16,859 $59,888 $4,341 $15,236 $12,085 $67,609 ($17,531)

36 Reconciliation: ROIC ¹Excess cash is cash and equivalents > 5% of last twelve month revenues; if negative, capped at zero. ²Average invested capital represents a four quarter average of total debt, redeemable non-controlling interests and total shareholder equity, less excess cash TTM, In thousands except percentages Q3FY14 Q4FY14 Q1FY15 Q2FY15 Q3FY15 Q4FY15 Q1 FY16 Q2 FY16 Q3 FY16 Total Debt $198,516 $444,569 $443,293 $391,761 $421,586 $514,095 $655,317 $547,726 $696,647 Redeemable Non-Controlling Interest $— $11,160 $10,109 $9,466 $12,698 $57,738 $65,120 $64,833 $64,871 Total Shareholders Equity $272,395 $232,457 $216,185 $257,835 $235,927 $249,419 $110,072 $158,054 $151,783 Excess Cash ¹ $— $— $— ($7,972) ($61,617) ($28,874) ($33,271) $— $— Invested Capital ² $470,911 $688,186 $669,587 $651,090 $608,594 $792,378 $797,238 $770,613 $913,301 Average Invested Capital² $— $522,092 $572,293 $619,944 $654,364 $680,412 $712,325 $742,206 $818,383 TTM Q3FY14 TTM Q4FY14 TTM Q1FY15 TTM Q2FY15 TTM Q3FY15 TTM Q4FY15 TTM Q1 FY16 TTM Q2 FY16 TTM Q3 FY16 TTM Adjusted NOPAT $— $84,001 $104,405 $115,590 $130,931 $125,096 $118,847 $134,211 $142,694 Average Invested Capital² (From above) $— $522,092 $572,293 $619,944 $654,364 $680,412 $712,325 $742,206 $818,383 TTM Adjusted ROIC —% 16% 18% 19% 20% 18% 17% 18% 17%

37 Reconciliation: Adjusted EBITDA1,2 Quarterly, In thousands Q3FY14 Q4FY14 Q1FY15 Q2FY15 Q3FY15 Q4FY15 Q1FY16 Q2FY16 Q3FY16 GAAP Operating income (loss) $5,239 $19,744 $16,859 $59,888 $4,341 $15,236 $12,085 $67,609 ($17,531) Depreciation and amortization $16,881 $22,936 $24,459 $22,895 $22,325 $27,808 $30,226 $31,805 $34,561 Waltham lease depreciation adjustment $0 $0 $0 $0 $0 $0 ($328) ($1,045) ($1,030) Share-based compensation expense $5,591 $5,936 $5,742 $6,384 $6,638 $5,311 $6,190 $6,066 $5,897 Proceeds from Insurance $0 $0 $0 $0 $0 $0 $1,584 $1,553 $0 Interest expense for Waltham lease $0 $0 $0 $0 $0 $0 ($350) ($2,001) ($1,975) Earn-out related charges $0 $2,192 $3,677 $3,701 $7,512 $386 $289 $3,413 $883 Certain Impairments $0 $0 $0 $0 $0 $0 $0 $3,022 $37,582 Realized gain/(loss) on currency forward contracts ($2,132) ($2,177) ($17) $4,178 $1,802 $1,487 $316 $3,319 $1,391 Adjusted EBITDA $25,579 $48,631 $50,720 $97,046 $42,618 $50,228 $50,012 $113,741 $59,778 Note: In Q3 FY16 the definition of adjusted EBITDA used in external reporting was modified to include certain impairment charges and adjust for depreciation related to a our Waltham lease resulting in a change to adjusted EBITDA for Q1 and Q2 FY16. ¹This deck uses the definition of adjusted EBITDA as outlined above and therefore does not include the pro forma impact of acquisitions; however, the senior unsecured notes' covenants allow for the inclusion of pro forma impacts to adjusted EBITDA. ²Adjusted EBITDA includes 100% of the results of our consolidated subsidiaries and therefore does not give effect to adjusted EBITDA attributable to non-controlling interests. This is to most closely align to our debt covenant and cash flow reporting.

38 Reconciliation: Adjusted EBITDA1,2 TTM, In thousands TTM Q1FY15 TTM Q2FY15 TTM Q3FY15 TTM Q4FY15 TTM Q1FY16 TTM Q2FY16 TTM Q3FY16 GAAP Operating income (loss) $94,364 $101,730 $100,832 $96,324 $91,550 $99,271 $77,399 Depreciation and amortization $81,115 $87,171 $92,615 $97,487 $103,254 $112,164 $124,400 Waltham lease depreciation adjustment $0 $0 $0 $0 ($328) ($1,373) ($2,403) Share-based compensation expense $25,142 $23,653 $24,700 $24,075 $24,523 $24,205 $23,464 Proceeds from Insurance $0 $0 $0 $0 $1,584 $3,137 $3,137 Interest expense for Waltham lease $0 $0 $0 $0 ($350) ($2,351) ($4,326) Earn-out related charges $5,869 $9,570 $17,082 $15,276 $11,888 $11,600 $4,971 Certain Impairments $0 $0 $0 $0 $0 $3,022 $40,604 Realized gain/(loss) on currency forward contracts ($6,712) ($148) $3,786 $7,450 $7,783 $6,924 $6,513 Adjusted EBITDA $199,778 $221,976 $239,015 $240,612 $239,904 $256,599 $273,759 Note: In Q3 FY16 the definition of adjusted EBITDA used in external reporting was modified to include certain impairment charges and adjust for depreciation related to our Waltham lease resulting in a change to adjusted EBITDA for Q1 and Q2 FY16. ¹This deck uses the definition of adjusted EBITDA as outlined above and therefore does not include the pro forma impact of acquisitions; however, the senior unsecured notes' covenants allow for the inclusion of pro forma impacts to adjusted EBITDA. ²Adjusted EBITDA includes 100% of the results of our consolidated subsidiaries and therefore does not give effect to adjusted EBITDA attributable to non-controlling interests. This is to most closely align to our debt covenant and cash flow reporting.

39 Reconciliation: Constant-Currency/ex. TTM Acquisitions Revenue Growth Rates In Q4 FY2015, we recognized $4.0M of previously deferred revenue related to group buying activities, a benefit to the year-over-year growth rate for Vistaprint business unit in that period. Q3 FY2016 total company revenue growth in constant currency excluding TTM acquisitions and joint ventures excludes the impact of currency and revenue from druck.at, Easyflyer, Exagroup, Alcione, Tradeprint and WIRmachenDRUCK. Quarterly Vistaprint business unit Q1FY15 Q2FY15 Q3FY15 Q4FY15 Q1FY16 Q2FY16 Q3 FY16 Reported revenue growth 5% 3% 4% 5% 2% 3% 8% Currency Impact 1% 4% 7% 6% 6% 5% 2% Revenue growth in constant currency 6% 7% 11% 11% 8% 8% 10% Upload and Print business units Q1FY15 Q2FY15 Q3FY15 Q4FY15 Q1FY16 Q2FY16 Q3 FY16 Reported revenue growth n/a n/a n/a 74% 98% 112% 201% Currency Impact n/a n/a n/a 26% 21% 16% 2% Revenue growth in constant currency n/a n/a n/a 100% 118% 128% 203% Impact of TTM Acquisitions n/a n/a n/a (66)% (87)% (97)% (178)% Revenue growth in constant currency excl. TTM acquisitions n/a n/a n/a 34% 31% 31% 25% All Other business units Q1FY15 Q2FY15 Q3FY15 Q4FY15 Q1FY16 Q2FY16 Q3 FY16 Reported revenue growth 24% 44% 13% (5)% (6)% (4)% (7)% Currency Impact —% 5% 12% 12% 14% 12% 4% Revenue growth in constant currency 24% 48% 26% 7% 7% 8% (3)% Impact of TTM Acquisitions (13)% (40)% (10)% (11)% (4)% —% —% Revenue growth in constant currency excl. TTM acquisitions 11% 8% 16% (4)% 4% 8% (3)%

40 Total Company Q4FY13 Q1FY14 Q2FY14 Q3FY14 Q4FY14 Q1FY15 Q2FY15 Q3FY15 Q4FY15 Q1FY16 Q2FY16 Q3 FY16 Reported Revenue Growth 12% 9% 6% (1)% 21% 21% 19% 19% 13% 13% 13% 29% Currency Impact —% —% —% —% (2)% —% 4% 7% 9% 8% 7% 2% Revenue Growth in Constant Currency 12% 9% 6% (1)% 19% 21% 23% 26% 22% 21% 20% 31% Impact of TTM Acquisitions & JVs —% —% —% —% (15)% (15)% (16)% (15)% (9)% (10)% (10)% (21)% Revenue growth in constant currency ex. TTM acquisitions & JVs 12% 9% 6% (1)% 4% 6% 7% 11% 13% 11% 10% 10% Reported revenue growth rate ex. TTM acquisitions & JVs 12% 9% 6% (1)% 5% 6% 3% 4% 3% 3% 3% 8% Reconciliation: Constant-Currency/ex. TTM Acquisition Revenue Growth Rates Quarterly Q3 FY2016 total company revenue growth in constant currency excluding TTM acquisitions and joint ventures excludes the impact of currency and revenue from druck.at, Easyflyer, Exagroup, Alcione, Tradeprint and WIRmachenDRUCK.

EX-99.3

CIMPRESS

Q3 Fiscal Year 2016 Earnings Presentation Script

April 27, 2016

This script is intended to be read together with Cimpress’ presentation dated April 27, 2016 entitled “Q3 Fiscal Year 2016 Earnings presentation, commentary & financial results supplement.” The slide numbers below refer to the slides in such presentation.

Slide 1

This document is Cimpress’ third quarter fiscal year 2016 earnings commentary. This document contains slides and accompanying comments in the “notes” section below each slide.

Slide 2

Please read the above safe harbor statement. Additionally, a detailed reconciliation of GAAP and non-GAAP measures is posted in the appendix of the Q3 fiscal 2016 earnings presentation that accompanies these remarks.

Slide 3

This presentation is organized into the categories shown on the left hand side of this slide.

Robert Keane, CEO, and Sean Quinn, CFO, will host a live question and answer conference call tomorrow, April 28th at 7:30 a.m. U.S. Eastern daylight time which you can access through a link at ir.cimpress.com.

Slide 4

As a reminder and as context for the initiatives and examples discussed in the remainder of this presentation, Cimpress' uppermost priorities are described above. Extending our history of success into the next decade and beyond, in line with these top-level priorities, is important to us. Even as we report results on a quarterly basis it is important for investors to understand that we manage to a much longer-term time horizon and that we explicitly forgo short-term actions and metrics except to the extent those short-term actions and metrics support our long-term goals.

Slide 5

Total revenue for the third quarter was $436.8 million, reflecting a 29% increase year over year in USD, and 31% in constant currencies. Excluding the revenue from the addition of our acquisitions in the past 4 quarters (i.e. Alcione, Exagroup, druck.at, Easyflyer, Tradeprint and WIRmachenDRUCK), constant-currency revenue growth was 10%.

Adjusted NOPAT was up from the year-ago period, driven by increased profits in our Vistaprint and Upload and Print business units, as well as profits from companies we acquired in the last year. These gains were partially offset by planned increased investments in our Most of World businesses, product expansion, the mass customization platform, post-merger integration, and Vistaprint business unit technology, as well as higher taxes attributable to the current period.

Adjusted NOPAT also grew year-to-date. We continue to spend against the major organic long-term investments that we outlined at our August investor day. We continue to see good profit growth in other areas of our business, which has more than offset the cost impact of these investments year-to-date.

Please see additional detail later in this presentation for all the drivers of our GAAP operating and net income, including a $30.8 million goodwill impairment charge that is excluded from our adjusted NOPAT.

Slide 6

For our Vistaprint business unit (VBU) segment, this quarter we continued our multi-year effort to reposition the value proposition of that brand beyond its previous focus on the most price- and discount-sensitive customers (a market segment we refer to as "price primary") toward micro-businesses that seek a variety of value drivers such as quality, reliability, pricing transparency and broader selection (a market segment we refer to as "higher expectations").

• VBU revenue grew 10% in constant-currency terms and 8% in reported terms year-over-year in the third quarter. Vistaprint's growth in European markets continues to lag that in North America and Australia.

• As you can see from the first chart above, repeat bookings as a percent of total bookings has been slowly but steadily increasing. On a constant-currency basis, repeat bookings continued to grow at double-digit rates. We attribute this trend to a combination of our efforts to improve our customer value proposition and retention, as well as changes we made during that period to de-emphasize deep-discount offers that had previously cast a wide customer acquisition net for fairly low-value customers. New customer bookings grew again at single-digit rates, as first order revenue continues to grow, and for the first time in 10 quarters, our new customer count did not decline year over year (it was flat). We are encouraged by this stabilization, but we believe we have more work to do before we will see this number grow across all of our markets.

• This quarter the VBU saw continued traction in gross profit per customer as we continue to acquire higher-value customers and our repeat rates improve. We also continue to see improvements to customer satisfaction scores.

• Vistaprint is executing well in our focus product areas. Signage, marketing materials, promotional products and apparel continue to grow faster than our average VBU growth. This quarter, we launched new signage options along with new advertising aimed at driving awareness in this category. We also began to offer some Columbus products directly on the vistaprint.com site (versus previously doing so on a separate tab).

We draw the conclusion from the combination of these trends that the VBU continues to strengthen as a result of the many changes and investments we have made over the past several years. We are optimistic about the progress we're making toward our aspiration of returning the VBU to double-digit revenue growth, which we achieved this quarter but expect to fluctuate as we continue to make further investments that we believe will improve the value proposition to VBU customers, often at the expense of higher near-term revenue and profit.

One such investment is something we described last quarter: lowering shipping pricing. To date, we have rolled out such reductions in the UK market, and we have started to test shipping price cuts in the U.S., France and Germany. We have decided to roll out these changes in most markets, including our largest markets, over the coming quarters because we believe they will materially improve customer satisfaction and conversion rates. The shipping price changes and tests to date have modestly hurt near-term revenue growth and profits in Q3 and are likely to do so to a greater degree in the next several quarters but, we believe, should preserve or increase the long-term value of our business.

VBU advertising spend as a percent of revenue declined year over year, due to higher efficiencies from stronger repeat revenue performance, as well as typical quarter-to-quarter fluctuations in ad spend.

Slide 7

Our Upload and Print business units segment performed well during the third quarter, growing 25% in constant currencies excluding acquisitions completed during the past year. Inclusive of M&A in the past year, revenues grew 201% in reported terms and 203% in constant currencies. We closed our acquisition of WIRmachenDRUCK in early February, and this is now reported in the Upload and Print business units segment.

Please note that the growth rates of the various upload and print businesses vary significantly, and we also expect the growth of some of the faster-growing businesses to moderate over time. Additionally, there is some intercompany revenue between a few of the upload and print businesses that had been recorded as revenue prior to their acquisition by Cimpress but, now that we own them, is not recorded as consolidated Cimpress revenue. This suppresses revenue growth in the first year of ownership.

During the quarter, we booked a $30.8 million goodwill impairment charge related to our Exagroup acquisition. This is excluded from adjusted NOPAT and our presentation of segment profitability.

For recall, in April 2015 Cimpress acquired 70 percent of Exagroup for a purchase price of €91.3 million. We entered into a reciprocal put and call option for the remaining 30 percent of the shares in 2019 for a fixed price of €39 million. There was also an additional €8 million contingent payment subject to the achievement of financial performance targets for calendar year 2017, which we now expect to be immaterial or zero.

As we conducted our annual capital allocation and budgeting process during the past quarter, we determined that the revenue and profit outlook for this business was lower than the deal model upon which we based our purchase accounting. This is due in part to Exagroup's need to, and plans to, react to heightened competition in its market which led to a reduction in our expectations for long-term margins in this business. We are disappointed that one of our investments is not returning value at the level we expected.

While we certainly try to avoid mistakes such as this (in this case we believe we paid too much for an otherwise excellent company), we believe that innovation and risk taking are critical to value creation so we do not seek to avoid risk nor do we expect to prevent all failures at the level of individual investment projects.

Despite the partial impairment, we believe that Exagroup is a market leader with a solid future whose value is now properly reflected on our balance sheet, net of the impairment. As mentioned in our earnings press release, we continue to expect our Exagroup investment to generate a positive absolute return, possibly above our approximately 8.5% weighted average cost of capital. But unlike our plans of a year ago, we no longer see a clear path for Exagroup to return at or above our 15% hurdle rate for M&A. We are looking at ways to reverse the outlook deterioration which led to the impairment.

Importantly, we do not believe that our Exagroup impairment charge is indicative of a broader trend in our upload and print investments in Europe. Our upload and print investment, as a portfolio, is doing well (including in France at the aggregate level). This group of investments representing a combined allocation of more than €450 million of capital, inclusive of the underperformance at Exagroup, is outperforming the total anticipated value creation path assumed in the aggregate estimates of our deal models. As such, we continue to believe that the portfolio of upload and print acquisitions and subsequent capital deployment will return above our 15% hurdle rate - even with the lower expected return from Exagroup.

Slide 8

Our All Other business units segment includes our Albumprinter business unit, Most of World business units in Japan, India, Brazil and China, and our newly created Corporate Solutions business unit, which is focused on partnerships with third-party merchants. Revenue for this segment declined 3% in constant currencies in the third quarter, and declined 7% in reported terms. The Most of World business units continue to grow faster than other parts of this segment, but are small relative to the size of the other components of this segment. Our objective in Most of World remains the same: to build foundations that we expect to help us build for the long term in these large but complicated and heterogeneous markets; therefore we continue to operate at a significant operating loss, in line with plans discussed at our August 2015 investor day.

As described previously, two meaningful partnerships are winding down this year (one in our Corporate Solutions business and one in our Albumprinter business), driving the year-over-year revenue decline in this segment.

Slide 9

Our mass customization platform (MCP) team continues to ramp their multi-year investment in building a software-integrated supply chain and manufacturing operational platform that drives scale-based competitive advantages in terms of:

• Selection (the breadth and depth of delivery speed options, substrate choices, product formats, special finishes, etc. which we offer to our customers)

• Conformance (the degree to which we deliver products to customers as specified, on time)

• Cost (reducing the cost of delivering any given selection, in conformance with specification)

This quarter, this team supported post-merger integration efforts for recent acquisitions. Various sub-teams within MCP also drove cost synergies in procurement, product introductions including Druck's new point of sale display offering, and an expanded and improved promotional products and apparel offering to the Vistaprint brand in North America, Europe and India, as well as an initial launch of this offering to our Exagroup and Easyflyer businesses. We continue to work toward a future state in which multiple brands can offer a broad selection of products to their customers by connecting to our mass customization platform over time. We remain early in the journey toward our vision for MCP, but we are encouraged by the steady progress we are making.

Slide 10

Please note the following in regard to adjusted NOP by segment:

• Year-over-year currency fluctuations have an impact on these numbers, especially since we do not allocate the gains from hedging contracts to the segment level like we do for consolidated adjusted NOPAT.

• The cost for many activities that are managed by our corporate or MCP teams are as such classified as corporate and MCP expenses but are nonetheless necessary for the operation of the Vistaprint business unit. This is because historically we operated the merchant, fulfiller and corporate functions as an integrated business. Some similar allocation costs exist in other segments, but to a much lesser extent. As such, adjusted NOP margins from VBU cannot be validly compared across segments other than in a broad directional sense. As we continue to evolve our structure and reporting systems over the coming years, we hope to improve the cross-segment comparability of these numbers.

The performance of each segment was broadly in line with our expectations on both a quarterly and year-to-date basis.

Adjusted Net Operating Profit (NOP) by segment is as follows:

• Vistaprint business unit: up by $10.5 million year over year primarily due to revenue growth, advertising efficiencies and other operating expense leverage. This was partially offset by a negative year-over-year impact from currency movements. Adjusted NOP margin increased from 26% to 28% year over year.

• Upload and Print business units: up by $12.4 million year over year due to the addition of profits from newly acquired businesses and increased profits from Pixartprinting and Printdeal. Adjusted NOP margin increased from 9% to 14% year over year.

• All Other business units: down by $4.3 million year over year due primarily to increased MoW investments and reduction of partner revenue and profits. Adjusted NOP margin declined from 1% to (13)% year over year.

Corporate and mass customization platform expenses were up by $6.0 million year over year, primarily due to planned increases in software and manufacturing engineering resources and product expansion. As a percent of revenue, we showed some leverage in these expenses in Q3 and year to date.

Slide 11

Now we'd like to turn to other recent developments. Last week, we filed a preliminary proxy statement regarding a new performance-based share plan for Cimpress.

This equity plan is a part of a new long-term incentive (LTI) program that is designed to support our uppermost financial objective to maximize intrinsic value per share and align with the interests of Cimpress' long-term shareholders. The LTI program will pay Cimpress team members handsomely if shareholders do well, and extremely so assuming truly excellent long-term performance levels. Even after these payouts, long-term shareholders would still retain the vast majority of value created as payment for their capital investment. On the other hand, executive compensation value will rapidly decline should long-term shareholder returns be poor, as a consequence of the company’s failure to efficiently use the capital that our shareholders entrust to us.

The mechanism for this plan is performance share units (PSUs). The performance measure is the compound annual growth rate (CAGR) of the three year moving average (3YMA) of our stock price 6 to 10 years after a grant. The number of shares issued upon the satisfaction of both service-based vesting and performance criteria is variable, in function of that 3YMA CAGR. Please see the more detailed explanation of the program design in proposal 1 of the April 18, 2016 preliminary proxy statement.

Because a variable number of shares could be issued through this program, we are asking shareholders to approve a plan with the number of shares required in the event of the maximum issuance of shares on future settlement of PSUs - up to 11.5 million shares for potential issuance under the new plan, or 37% of our total shares outstanding, for seven years of grants. We believe the actual dilution will be lower than this number, for multiple reasons outlined in our proxy statement.

We encourage all of our shareholders to read the proxy statement and investor Q&A contained within, and contact us with additional questions. We will publicly post the answers to these questions by the time we file our definitive proxy statement in the next week or so.

Important Additional Information And Where To Find It

Cimpress, members of its supervisory board, and some of its executive officers and other employees may be deemed to be participants in the solicitation of proxies from Cimpress’ shareholders in connection with the matters to be considered at Cimpress’ Extraordinary General Meeting of Shareholders to be held on May 27, 2016. On April 18, 2016, Cimpress filed a preliminary Proxy Statement and accompanying preliminary proxy card with the U.S. Securities and Exchange Commission (the “SEC”) in connection with the solicitation of proxies from Cimpress’ shareholders in connection with the matters to be considered at the Extraordinary General Meeting of Shareholders. Information regarding the identity of participants, and their direct or indirect interests, by security holdings or otherwise, is set forth in such preliminary Proxy Statement.

Shareholders are strongly encouraged to read carefully and in their entirety the preliminary proxy statement, the definitive proxy statement, and accompanying proxy card, as well as the other documents Cimpress files with the SEC when they become available, as these documents contain or will contain important information. Shareholders may obtain such proxy statements, any amendments or supplements to such proxy statements, the accompanying proxy card, and any other documents filed by Cimpress with the SEC for no charge at the SEC’s website at www.sec.gov, at the Investor Relations section of Cimpress’ corporate website at www.cimpress.com, by writing to Investor Relations, Cimpress, 275 Wyman Street, Waltham, MA 02451, or by calling Cimpress’ Investor Relations at (781) 652-6480.

Slide 12

No notes here - transition slide

Slide 13

The quarterly trends for reported revenue and constant-currency revenue growth are illustrated above. Revenue growth excluding recent acquisitions was 10% on a constant-currency basis, down slightly from the same quarter last year. However, last year's Q3 growth was off of a 1% revenue decrease in Q3 FY14. The "stacked growth rate" of Q3 FY15 plus Q3 FY16 was approximately 21% versus approximately 10% for the total of Q3 FY14 and Q3 FY15.

Our reported (USD) revenue growth for the third quarter was 29%, and our reported (USD) revenue growth excluding acquisitions from the past year was 8%.

Slide 14

The quarterly trends for various measures of income and profit are illustrated above. As we have described, adjusted NOPAT is the measure that management uses to assess our near-term financial performance relative to near-term budgets.

Adjusted NOPAT was higher than the year-ago period due to increased profits in both our Vistaprint and our Upload and Print segments, partially offset by planned increases in investments across the company in line with our investment plans discussed at our August 2015 investor day, as well as higher taxes attributable to the current period.

The $30.8 million goodwill impairment charge related to our Exagroup acquisition was a major contributor to our GAAP net loss this quarter. We exclude this impairment from adjusted NOPAT.

In Q3 we also wrote down proprietary technology investments resulting in a $6.7 million impairment charge booked in COGS (this was $9.8 million year to date). This was related to an abandoned approach to producing certain products. It impacts operating income and net income, but is excluded from adjusted NOPAT. We do not expect to incur additional technology-related impairment charges in Q4 as we took a full write-down on this equipment this quarter.

Finally, acquisition-related amortization of intangible assets was $6.4 million higher in Q3 2016 versus Q3 2015. This is also excluded from adjusted NOPAT.

In the quarter, the following below-the-line non-operational items influenced our GAAP net income:

• Our "Other income (expense), net" was a net loss of about $9.0 million, primarily related to net currency losses. Please see the next slide for a detailed explanation of the underlying drivers.

• Total interest expense was $10.1 million in the quarter.

• Interest expense primarily related to our Senior Unsecured Notes and borrowings under our credit facility was $8.1 million in the quarter.

• The accounting treatment of our new leased office facility in Massachusetts results in a portion of the lease payments flowing through our interest expense line. These expenses replace those of the lease from our former leased facility at a similar total expense, but the former lease was 100% booked in operating expenses. The new lease payments started in September 2015, and the Q3 cost in the interest expense line was $2.0 million. We include this lease-related interest expense in our adjusted NOPAT calculation.

Slide 15

Below is additional color on the impact of currency movements on our P&L this quarter.

First, the currency impacts that affect both GAAP results and adjusted NOPAT:

• Our year-over-year revenue growth rate expressed in USD was negatively impacted by about 200 basis points for the third quarter. Our largest currency exposure for revenue is the Euro.

• However, there are many natural expense offsets in our business, and therefore the net currency exposure of the Euro to our bottom line is less pronounced than it is for revenue.

• For currencies where we do have a net exposure because costs and revenues are not well matched, we execute currency forward contracts. Realized gains or losses from these hedges are recorded in other income, net and offset the impact of currency elsewhere in our P&L. For Q3, the realized gain on hedging contracts was $1.4 million.

Second, the currency impacts that further impact our GAAP results but that are excluded from our adjusted NOPAT are:

• Other net currency losses of $10.6M primarily related to unrealized losses on intercompany loan balances and cash flow currency hedges.

Slide 16

Cash and cash equivalents were approximately $76.7 million as of March 31, 2016.

During the quarter, we generated $23.9 million in cash from operations, compared with $1.6 million in the third quarter of fiscal 2015. Free cash flow was ($1.3) million in the third quarter compared to ($17.5) million in the same period a year ago. This year-over-year increase in cash flow was primarily due to increased profitability in our Vistaprint and Upload and Print business units, the addition of WIRmachenDRUCK profits, and favorable changes in working capital (primarily related to advertising accruals), partially offset by planned increases in organic investments (operating expense), $3.9 million of additional capex spending in Q3 FY2016 compared to Q3 FY2015, and $1.0 million of additional capitalized software costs. Our year-over-year TTM operating cash flow was down due to increased investments in strategic growth initiatives, partially offset by increased profitability in our business excluding acquisitions in the trailing twelve months and the combined benefit of the acquisitions. TTM free cash flow declined due to increased investments, interest expense related to our Senior Unsecured Notes ($10M higher in current TTM period), capex ($20M higher in current TTM period) and capitalized software expense ($8M higher in current TTM period) related to our strategic growth initiatives.

On a trailing twelve-month basis, adjusted return on invested capital (ROIC) as of March 31, 2016 decreased slightly versus the year-ago TTM period due to increased investment levels. TTM adjusted ROIC was approximately 17%.

Slide 17

Now that we have issued Senior Unsecured Notes, we are providing additional commentary and context for our debt investors. Please note that we do not manage our overall business performance to EBITDA; however, we actively monitor it for purposes of ensuring compliance with debt covenants.

Based on our debt covenant definitions, our total leverage ratio (which is debt to trailing twelve month EBITDA) was 2.60 as of March 31, 2016, and our senior secured leverage ratio (which is senior secured debt to trailing twelve month EBITDA) was 1.55. Our debt covenants give pro forma effect for acquired businesses that closed within the trailing twelve month period ending March 31, 2016.

When including all acquired company EBITDA only as of the dates of acquisition, our adjusted EBITDA for Q3 FY2016 was $59.8 million, up40% from Q3 FY2015 and our TTM adjusted EBITDA was $273.8 million, up15% from the year-ago TTM period.

During the quarter, we repurchased 156,778 Cimpress shares for $11.3 million inclusive of transaction costs, an average price per share of $71.84. Additionally, we issued 112,364 of our ordinary shares during the quarter as part of our acquisition of WIRmachenDRUCK.

Although we expanded our senior secured credit facility in September 2014 to $850 million, we have various covenants that prevent us from borrowing up to the maximum size of the credit facility as of March 31, 2016.

Purchases of our ordinary shares, payments of dividends, and corporate acquisitions and dispositions are subject to more restrictive consolidated leverage ratio thresholds than our financial covenants when calculated on a pro forma basis in certain scenarios. Also, regardless of our leverage ratio, the credit agreement limits the amount of purchases of our ordinary shares, payments of dividends, corporate acquisitions and dispositions, investments in joint ventures or minority interests, and consolidated capital expenditures that we may 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 credit facility.

We are currently in compliance with all of our debt covenants. Key financial covenants pertaining to our senior secured credit facility 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

Slide 18

No notes here - transition slide

Slide 19

Nine months through the fiscal year, we are executing well against our plans. Our year-to-date financial results reflect the underlying profitability of our business. Throughout the business we are investing in the broad set of discretionary initiatives outlined in detail at our investor day in August 2015 (referred to as the “Major” and “Diverse Other” long-term investments).

Our capital allocation approach remains unchanged. We constantly search for value-creating opportunities to increase our intrinsic value per share. If we find good opportunities, and believe we can execute successfully against them taking management bandwidth and debt constraints into consideration, we fund such investments. We are making good progress across the focus areas described at our investor day, though aggregate year-to-date investments across a few categories are lower than originally planned. Therefore, our outlook has changed as follows:

• Major Organic Investments: At our August investor day we said that we expected our major organic investments (i.e., the plant network component of MCP, Columbus, Most of World, and PMI) to reduce

adjusted NOPAT by roughly $100 million in fiscal 2016. We now expect the full year fiscal 2016 adjusted NOPAT burden of our major organic investments will be slightly lower versus our original expectations.

• Diverse Other Investments: At our August investor day we said that, on an adjusted NOPAT basis, we expected our diverse other investments, which include those in technology and advertising for the VBU, product selection, and other items, to grow in line with revenue for fiscal 2016. We now expect the growth of investments to be slower than the growth of our consolidated revenue in fiscal 2016 primarily due to leverage in certain investment categories such as advertising, as well as the increased revenue from our acquisition of WIRmachenDRUCK.

• Free Cash Flow Impact: Aggregate capital expenditures have been lower than expected year-to-date, which in combination with the above adjusted NOPAT impacts, should increase free cash flow relative to the expectations we outlined earlier this year.

As we complete fiscal year 2016 and look ahead to fiscal 2017, we will continue to look for additional opportunities to deploy capital to value-creating investments.

We continue to expect WIRmachenDRUCK to add to our revenue, adjusted NOPAT, adjusted EBITDA, and free cash flow in FY 2016, but to be slightly dilutive to GAAP net income due to interest and intangible asset amortization expense.

Finally, the goodwill impairment expense booked in the third quarter changes our expectation for our fiscal 2016 GAAP effective tax rate as the loss is not deductible for tax purposes (our tax provision expectations remain the same, but the pre-tax income expectation is now lower). Therefore, we now expect our 2016 GAAP effective tax rate to be roughly 20% to 25% of pre-tax income (was 15% to 20% as of last quarter). Our cash tax outlook has also changed, due to the Q3 receipt of an $8.5 million tax refund for a carry-back of losses related to SBC in the prior fiscal year (but we still expect cash taxes to be higher than GAAP taxes). This refund does not have an impact on our adjusted NOPAT outlook as the refund is backed out of our adjusted NOPAT calculation since it relates to a prior period.

Slide 20

In summary, we maintain our clear priorities strategically and financially.

We believe the capital we are allocating to our strategic initiatives, investments, and opportunistically, share repurchases, continued to be well spent in aggregate, and we look forward to reporting our returns and continued progress to you in future periods.