-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Ogi5iVQAuJlOkjVxB4SD6UHnzrb+loyqVc5k11pMabf6HPBefB9GJHnIzImw7AVj m9aytvz8iBZnSEcMIYzoKw== /in/edgar/work/0000898822-00-000738/0000898822-00-000738.txt : 20001016 0000898822-00-000738.hdr.sgml : 20001016 ACCESSION NUMBER: 0000898822-00-000738 CONFORMED SUBMISSION TYPE: 425 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20001013 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SEAGRAM CO LTD CENTRAL INDEX KEY: 0000088188 STANDARD INDUSTRIAL CLASSIFICATION: [2080 ] IRS NUMBER: 000000000 STATE OF INCORPORATION: CA FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 425 SEC ACT: SEC FILE NUMBER: 001-02275 FILM NUMBER: 739550 BUSINESS ADDRESS: STREET 1: 1430 PEEL ST STREET 2: H3A 1S9 CITY: MONTREAL QUEBEC CANA STATE: A8 BUSINESS PHONE: 5148495271 MAIL ADDRESS: STREET 1: C/O JOSEPH E SEAGRAM & SONS INC STREET 2: 375 PARK AVE CITY: NEW YORK STATE: NY ZIP: 10152 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: VIVENDI CENTRAL INDEX KEY: 0000920617 STANDARD INDUSTRIAL CLASSIFICATION: [4813 ] IRS NUMBER: 000000000 STATE OF INCORPORATION: I0 FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 425 BUSINESS ADDRESS: STREET 1: 52 RUE D ANJOU CITY: PARIS, FRANCE STATE: I0 ZIP: 75384 BUSINESS PHONE: 0113314924 MAIL ADDRESS: STREET 1: C/O COMPAGNIE GENERALE DES EAUX STREET 2: 52 RUE D'ANJOU CITY: PARIS STATE: I0 ZIP: 75384 FORMER COMPANY: FORMER CONFORMED NAME: COMPAGNIE GENERALE DES EAUX DATE OF NAME CHANGE: 19940321 425 1 0001.txt FORM 425 Filed by Vivendi Pursuant to Rule 425 under the Securities Act of 1933 and deemed filed pursuant to Rule 14a-12 under the Securities Exchange Act of 1934 Subject Company: The Seagram Company Ltd. Commission File No. 1-2275 and Subject Company: Canal Plus S.A. Commission File No. 82-2270 October 13, 2000 [VIVENDINET LOGO] PHILIPPE GERMOND ANALYST PRESENTATION [VIVENDI UNIVERSAL LOGO] [VIVENDINET LOGO] IMPORTANT LEGAL DISCLAIMER - - These documents contain forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations or beliefs and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The forward-looking statements contained in these documents address the following subjects: expected date of closing the merger; future financial and operating results; and timing and benefits of the merger. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: the risk that the Vivendi, Canal+'s and Seagram's businesses will not be integrated successfully; costs related to the merger; failure of the Vivendi, Canal+ or Seagram's stockholders to approve the merger; inability to further identify, develop and achieve success for new products, services and technologies; increased competition and its effect on pricing, spending, third-party relationships and revenues; inability to establish and maintain relationships with commerce, advertising, marketing, technology, and content providers. Investors and security holders are urged to read the joint proxy statement/prospectus regarding the business combination transaction referenced in the foregoing information, when it becomes available, because it will contain important information. The joint proxy statement/prospectus will be filed with the Securities and Exchange Commission by Vivendi, Canal+ and Seagram. Investors and security holders may obtain a free copy of the joint proxy statement/prospectus (when it is available) and other documents filed by Vivendi, Canal+ and Seagram with the Commission at the Commission's web site at www.sec.gov. The joint proxy statement/prospectus and these other documents may also be obtained for free from Vivendi, Canal+ and Seagram. Information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, is contained in the joint press release relating to the transaction filed with the Commission by each of Vivendi and Seagram, on June 20, 2000. [VIVENDINET LOGO] VIVENDINET - TABLE OF CONTENTS - - VivendiNet overview - - Thematic portals - - E-Nablers - - E-Vestor - - Vizzavi - - Summary [VIVENDI UNIVERSAL LOGO] [VIVENDINET LOGO] VIVENDINET - STRUCTURE
E-VESTOR E-NABLERS 30% [VIVENTURES LOGO] 30% [ACUTE LOGO] 100% [AD 2-ONE LOGO] 40% [VIVENTURES 2 LOGO] 50% [@VISO LOGO] 100% [E-GLUE LOGO] 16% [SOFT BANK INC. 49% [EVOKE LOGO] SBCP LOGO] 49% [MESSAGEMEDIA LOGO] 20% [SOFT BANK INC. 49% [INTERLIANT LOGO] SBEV LOGO] 49% [E-LOAN LOGO] 38% [PEOPLEPC LOGO]
E-PORTALS 50% [SCOOT LOGO] [CANAL LOGO] 100% [I! LOGO] 50% [bonjour! LOGO] 50% 75% [ALLOCINE LOGO] 50% [VIZZAVI LOGO] 50% [CADRES ONLINE LOGO] 50% 100% [CANALPLUS.FR LOGO] 50% [ATMEDICA LOGO] 50% 50% 50% [01NET. LOGO] 50% 50% [SQUAREFINANCE LOGO] 50% 40% [VODAFONE AIRTOUCH LOGO] [FLIPSIDE.COM LOGO] 40% 50% [EDUCATION.COM LOGO] 50% [HAVAS LOGO]
[VIVENDI UNIVERSAL LOGO] [VIVENDINET LOGO] VIVENDINET - STRATEGY - - To establish VIZZAVI as the leading European portal - - To develop thematic portals leveraging content skills and brand equity of Canal+, Havas and Universal - - To launch enablers exploiting our critical mass - - To invest in / develop promising new ventures related to and enhancing value of Vivendi Universal businesses [VIVENDI UNIVERSAL LOGO] [VIVENDINET LOGO] VIVENDINET - STRATEGY
MUSIC GAMES: FLIPSIDE SPORT MOVIES: ALLOCINE EDUCATION TRANSACTION: SCOOT ... OTHER THEMATIC ... PORTALS Preferred Arm's length relationships relationships I(FRANCE) VIZZAVI OTHER PORTALS
[VIVENDI UNIVERSAL LOGO] [VIVENDINET LOGO] VIVENDINET - OPERATIONAL MISSION - - To develop profitable business models for each Business Unit X EBITDA breakeven target X Audience as a yardstick - - To ensure operational execution and financial discipline - - To leverage the VivendiNet "network" (critical mass, talent, best practices) [VIVENDI UNIVERSAL LOGO] [VIVENDINET LOGO] THEMATIC PORTALS [VIVENDI UNIVERSAL LOGO] [VIVENDINET LOGO] VIVENDINET - THEMATIC PORTALS
E-VESTOR E-NABLERS E-PORTALS 50% [SCOOT LOGO] 50% [CANAL LOGO] 100% [I! LOGO] 50% [bonjour! LOGO] 50% 75% [ALLOCINE LOGO] 50% [CADRES ONLINE LOGO] 50% 100% [CANALPLUS.FR LOGO] 50% [ATMEDICA LOGO] 50% 50% [01NET. LOGO] 50% 50% [SQUAREFINANCE LOGO] 50% 40% [FLIPSIDE.COM LOGO] 40% 50% [EDUCATION.COM LOGO] 50% [HAVAS LOGO]
[VIVENDI UNIVERSAL LOGO] [VIVENDINET LOGO] SCOOT : MULTI ACCESS TRANSACTION INFOMEDIARY - - Multimedia and multi-access brand/service development - - Focus on business models leading to profitability - - Multiple sources of revenues: X Advertising and direct marketing X E-commerce transaction fees (focus on C-to-B and C-to-C) X Content (subscription and syndication) - - International scope [VIVENDI UNIVERSAL LOGO] [VIVENDINET LOGO] SCOOT : MULTI ACCESS TRANSACTION INFOMEDIARY [SCOOT LOGO] - - Integrated Classifieds directory and Transaction platform - - Focus on local business services - - Seamless service: mobile (voice & WAP) and PC (web) - - Transaction-based business model - - Scoot Europe breakeven 2003 [VIVENDI UNIVERSAL LOGO] [VIVENDINET LOGO] [SCOOT LOGO] [WEB GRAPHIC] [VIVENDI UNIVERSAL LOGO] [VIVENDINET LOGO] SCOOT AND VIVENDINET PARTNERSHIP [SCOOT LOGO] - - VivendiNet owns 22.4% of Scoot plc and 50% of Scoot Europe - - End 2000: launch of Scoot France in partnership with Havas' Comareg and with SFR - - 2001: launch of Scoot Italy, Germany and Spain in partnership with Vizzavi [VIVENDI UNIVERSAL LOGO] [VIVENDINET LOGO] I (FRANCE) - - 3rd community site and 11th site in France, unique visitors up 20% per month since January - - Complementary positioning with Vizzavi : advanced web users vs mass market - - User base attractiveness: high CPM, high e-spending, opinion-makers - - Cost-efficient model : viral marketing, low acquisition cost, cost-free content (community) - - Low-cost international roll-out (I-Spana, I-Italia...) [VIVENDI UNIVERSAL LOGO] [VIVENDINET LOGO] ALLOCINE - - Movie-centric multimedia and multi-access service X Information, personalization, rated community X Multi-access ticketing X E-commerce of movie merchandise X Launch of AlloCine TV on CanalSatellite - - Movie ticketing market underdeveloped in France: X Off-site ticket sales represent only 2% of market compared to 20% in the UK - - International development leveraging Canal Plus European footprint - - AlloCine profitable in 2000 before impact of AlloCine TV launch [VIVENDI UNIVERSAL LOGO] [VIVENDINET LOGO] ALLOCINE [WEB GRAPHIC] [VIVENDI UNIVERSAL LOGO] [VIVENDINET LOGO] E-NABLERS [VIVENDI UNIVERSAL LOGO] [VIVENDINET LOGO] VIVENDINET - E-NABLERS
E-VESTOR E-NABLERS E-PORTALS 100% [AD 2-ONE LOGO] 100% [E-GLUE LOGO]
[VIVENDI UNIVERSAL LOGO] [VIVENDINET LOGO] E-NABLERS : RATIONALE FOR INVESTMENT - - Shared added-value steps across portals (Vizzavi and thematic portals) : hosting / connectivity, audience monetisation, site development... - - Optimised outsourcing: benchmark of current costs and centralised purchasing - - Creating a new company when critical mass, differentiation opportunity and market potential justify, and when profitable on stand-alone basis X Ad2One X E-glue [VIVENDI UNIVERSAL LOGO] [VIVENDINET LOGO] E-NABLERS : AD 2-ONE - - Pan-European provider of revenue-generating solutions - - Differentiate from traditional online ad sales agency by using multi-access tools and developing innovative packages - - Experienced media and advertising management (MCM, Ogilvy One, Universal McCann, Regie Thematique, Carat...) - - Business Model of a B-to-B service company X Estimated gross margin of Euro20M in 2001,Euro40M in 2002 X 50% of gross margin generated outside VivendiNet by end 2001 X Breakeven target : 2003 (3 years after launch) [VIVENDI UNIVERSAL LOGO] [VIVENDINET LOGO] E-VESTOR [VIVENDI UNIVERSAL LOGO] [VIVENDINET LOGO] VIVENDINET-E-VESTOR
E-VESTOR E-NABLERS E-PORTALS 30% [VIVENTURES LOGO] 30% [ACUTE LOGO] 40% [VIVENTURES 2 LOGO] 50% [@VISO LOGO] 16% [SOFT BANK INC. 49% [EVOKE LOGO] SBCP LOGO] 49% [MESSAGEMEDIA LOGO] 20% [SOFT BANK INC. 49% [INTERLIANT LOGO] SBEV LOGO] 49% [E-LOAN LOGO] 38% [PEOPLEPC LOGO]
[VIVENDI UNIVERSAL LOGO] [VIVENDINET LOGO] RATIONALE FOR E-VESTOR ACTIVITY - - Intrinsic value creation - - Access to innovation - - Leverage participation of strategic partners - - Foster commercial relationships within Vivendi Universal X Viventures : one third of portfolio companies have commercial links with VivendiNet businesses, enhancing their access to emerging technology X @viso - Interliant and Evoke : preferred supplier of VivendiNet ; distribution by Cegetel - MessageMedia : preferred supplier of VivendiNet - PeoplePC : Vivendi pilot customer in Europe [VIVENDI UNIVERSAL LOGO] [VIVENDINET LOGO] @VISO: REVISED INVESTMENT STRATEGY - - Controlled investment size: Euro5-10M - - Investment schedule: first 6-12 month financing (possibly in partnership with VC or strategic investors in the second round) - - Exit strategy: IPO or roll-up into listed US parent company as primary mechanisms [VIVENDI UNIVERSAL LOGO] [VIVENDINET LOGO] [VIZZAVI LOGO] [VIVENDI UNIVERSAL LOGO] [VIVENDINET LOGO] VIZZAVI - REVIEW OF KEY TERMS [VIZZAVI LOGO] - - 50/50 joint-venture between Vodafone and VivendiNet - - Minority stakes (~20%) in national Vizzavi subsidiaries held by mobile and pay-TV operators - - Revenue-sharing: Vizzavi keeps 50% of the gross margin from content, advertising and e-commerce revenues - - After 2 years, revenue-sharing reviewed country-by-country according to market conditions [VIVENDI UNIVERSAL LOGO] [VIVENDINET LOGO] VIZZAVI - STRATEGY [VIZZAVI LOGO] - - To become the leading European portal within 3 years - - To be the first offering seamless multi-access service - - Differentiation through preferred relationships with mobile operators (SFR and Vodafone companies), pay-TV operators (Canal +) and content producers (Universal) [VIVENDI UNIVERSAL LOGO] [VIVENDINET LOGO] VIZZAVI - STATUS UPDATE [VIZZAVI LOGO] - - Continued aggressive recruitment since May 2000 |X| Senior positions filled |X| 300+ total, recruited from sources including Chello, mViva, T-motion, BT Genie, ONDigital... - - Solid progress on Vizzavi Europe platform development |X| Key technology vendors selected and implementation underway |X| User interface well advanced |X| Hosting centre established - - Full-service PC and mobile portal by year end in major European markets [VIVENDI UNIVERSAL LOGO] [VIVENDINET LOGO] VIZZAVI - GEOGRAPHICAL ROLL-OUT [VIZZAVI LOGO] [MAP GRAPHIC] Launch in 2000 Launch in 2001 [VIVENDI UNIVERSAL LOGO] [VIVENDINET LOGO] VIZZAVI - MAJOR INITIATIVES (2001) [VIZZAVI LOGO] - - Seamless multi-access personalisation - - Voice portal: serving all mobile users - - Unified (voice and e-mail) messaging and speed-to-market for new handsets in partnership with mobile operators - - Billing and customer care integration with mobile and Pay-TV operators - - E-commerce: secured (smart card) payment by mobile and set-top box - - Location-based services with mobile operators - - Rich-media content channels (music, games, movies...) - - Virtual ISP (dial-up and broadband) [VIVENDI UNIVERSAL LOGO] [VIVENDINET LOGO] VIZZAVI - VIRTUAL ISP STRATEGY [VIZZAVI LOGO] - - Development of a virtual ISP approach |X| Commercial partnership with ISP's / telcos (Cegetel in France) |X| Vizzavi as default home page - - Push Vizzavi adoption among Vivendi-Universal customers |X| Connection kits inserted in SFR and Vodafone companies' mobile packs and in Canal+ set-top box packs |X| Connection kits bundled with Universal music CD's |X| Direct marketing and cross-selling |X| Connection kit downloadable from all VivendiNet sites - - << Reasonable >> pricing |X| Free-free phenomenon is transitory [VIVENDI UNIVERSAL LOGO] [VIVENDINET LOGO] VIZZAVI - CONTENT DEALS [VIZZAVI LOGO] - - Pan European deals: [GOOGLE LOGO] |X| Search engine, directories (including some Vizzavi exclusive products) [REUTERS LOGO] |X| Content for news, finance, companies, sports, technology, entertainment, video [FLIPSIDE.COM LOGO] |X| Largest game site in the US, will work together with us to create the interactive games platform. [UNIVERSAL MUSIC GROUP LOGO] |X| Close working relationship with Universal to licence their content [EDUCATION.COM! LOGO] |X| Education content for parents, children, and teachers targeting [ISYNDICATE LOGO] |X| Multipurpose content aggregator [VIVENDI UNIVERSAL LOGO] [VIVENDINET LOGO] VIZZAVI - BRAND VISION & PURPOSE [VIZZAVI LOGO] - - Vizzavi delivers on technology's promise to make life better - - It helps you deal with the inevitable, and focus on the enjoyable - - It helps put you in control of how and where you spend your time - - It inspires and empowers you to get more out of living vizzavi -- life unlimited [VIVENDI UNIVERSAL LOGO] [VIVENDINET LOGO] VIZZAVI - BUSINESS MODEL [VIZZAVI LOGO] - - Revenue sources |X| Content subscription, download & streaming revenue |X| Transaction fees |X| Advertising banners and opt-in direct-marketing revenues - - Key drivers |X| Penetration on customer bases (mobile and Pay-TV operators) |X| Number of active users per device (mobile, PC, TV) |X| Revenue per active user per device - - Financials |X| EBITDA break-even expected by end 2003 |X| 2001-2002 cumulative investment : EURO1.2/1.6 bn (*) (*)depending on cash burn and IPO timing [VIVENDI UNIVERSAL LOGO] [VIVENDINET LOGO] VIZZAVI - SYNTHESIS [VIZZAVI LOGO] - - Challenges |X| Catching up with PC portals |X| Competition for internet talent |X| Mobile internet technology evolution (GPRS, UMTS) - - Benefits of scale and scope |X| Up to 60% savings on key European content (non-exclusive) and technology deals |X| Significant savings on operating costs |X| Unparalleled partnership opportunities - - Leverage from Vodafone and Vivendi Universal parentage |X| Customer bases |X| Relationship with operators |X| Content [VIVENDI UNIVERSAL LOGO] [VIVENDINET LOGO] SUMMARY [VIVENDI UNIVERSAL LOGO] [VIVENDINET LOGO] VIVENDINET FINANCIALS: REVENUES - - More than EURO300 M economic revenues by 2002E (excluding Vizzavi) - - Diversified revenue sources - - Moving from advertising to direct marketing, transaction fees & content; expected breakdown of revenues by 2002: |X| 12%: Content |X| 40%: Advertising |X| 12%: Direct-marketing |X| 38%: Transaction fees - - Breakeven before 2003 for most portals [VIVENDI UNIVERSAL LOGO] [VIVENDINET LOGO] VIVENDINET FINANCIALS: CASH CONSUMPTION (2000E) - - Portals |X| Operating cash need for thematic portals and Vizzavi: EURO300 M (including transfer of assets from mobile operators) - - Acquisitions |X| Scoot: EURO470 M (22.4% stake in Scoot Plc, 50% Scoot Belgium and NL) |X| i(France): EURO140 M - - E-vestors (funds) |X| Viventures, SBCP: EURO190 M |X| @viso: EURO60 M [VIVENDI UNIVERSAL LOGO] [VIVENDINET LOGO] SYNERGIES BETWEEN UNIVERSAL AND VIVENDINET - - Establish a common loyalty program across Vivendi Universal web properties leveraging Flipside experience - - Push Universal Music content and capabilities to Vizzavi music channel |X| Total synergy revenue impact 2003 (est.): EURO45 M |X| High sensitivity: 1% incremental Duet subscription represents EURO4.5 M EBITDA - - Leverage Universal Music CD retail distribution to promote Vizzavi's virtual ISP offer - - Low customer acquisition cost is key to virtual ISP profitability - - Roll-out of Universal Music web properties (GetMusic, Farmclub...) in Europe leveraging VivendiNet "network" - - Develop a movie portal leveraging Universal Studios and CanalNumedia assets [VIVENDI UNIVERSAL LOGO] [VIVENDINET LOGO] PARTNERSHIP DISCUSSIONS BETWEEN VIVENDINET - USA INTERACTIVE - - Accelerate TicketMaster (TM) roll-out in Europe |X| AlloCine and Pacercats |X| Leverage partnerships together with VivendiNet - - Establish TicketMaster Online / CitySearch (TMCS) in Europe |X| Joint development of a city guide network using citysearch know-how & platform and Bonjour / Scoot local presence. |X| Preferred placement within Vizzavi |X| Virtual ticketing through mobile phones with Vizzavi - - Replicate in Europe some USAi properties in partnership with @viso - - Explore other opportunities : HRN, ECS, PRC, ... [VIVENDI UNIVERSAL LOGO] [VIVENDINET LOGO] CONCLUSION - - VivendiNet is best positioned to benefit from the multi-access and broadband growth drivers : |X| Potential reach of Vizzavi in excess of 100M POPs in the 2-3 coming years |X| Potential broadband access through mobile (UMTS), iTV (net top box) and equal access on fixed (ADSL) |X| Critical rich-media consumer content : games, movies, education, sports, music... - - The scope of VivendiNet will be extended to cover Universal web properties after the merger - - VivendiNet continuing mission : to create value in the internet space across Vivendi Universal divisions (Universal, Canal +, Havas, Cegetel/SFR) [VIVENDI UNIVERSAL LOGO] [VIVENDINET LOGO] VIVENDI UNIVERSAL.NET: THE WAY FORWARD
Hot Customer Content [UNIVERSAL MUSIC] [UNIVERSAL MOVIES] [CANAL + TV] [HAVAS GAMES] [HAVAS EDUCATION]
Aggregation/Incubation [VIVENDI UNIVERSAL.NET]
Customer Bases [CANAL + PAY TV] [CEGETEL/SFR] [HAVAS] [UNIVERSAL] [VODAFONE]
[VIVENDI UNIVERSAL LOGO] [VIVENDINET LOGO] APPENDIXES [VIVENDI UNIVERSAL LOGO] [VIVENDINET LOGO] VIVENDINET'S CONSOLIDATION PERIMETER
OWNERSHIP CONSOLIDATION SUBSIDIARY (%) METHOD REVENUE MODEL/DRIVERS BREAKEVEN TARGET - --------------- -------- ----------------- ----------------------------------------- -------------------- Vizzavi 50% Equity Advertising,Direct Marketing, Content Licensing, 2003 E-Commerce Ifrance 100% Global Advertising, E-Commerce 2002 Flipside 40% Global Advertising, Direct Marketing 2001 Canal Numedia 100% Global Advertising, Content Licensing, E-Commerce 2003 Allo-Cine 75% Global Advertising, Direct Marketing, E-Commerce 2002 Scoot plc 22% Equity Transaction fees 2002 Scoot Europe 50% Equity Transaction fees 2003 01 Net 50% Global Advertising, Content Licensing, E-Commerce 2003 Atmedica 50% Global Content & Technology Licensing 2003 Bonjour 50% Global Advertising, Content Licensing, E-Commerce 2002 Cadre on Line 50% Global Advertising, Direct Marketing 2001 Square Finance 50% Global Advertising, Content Licensing, E-Commerce 2003 Ad2One 100% Global Advertising, Datamining, Direct Marketing 2003
OWNERSHIP CONSOLIDATION SUBSIDIARY (%) METHOD E-INVESTOR /E-CUBATOR - --------------- -------- ----------------- ----------------------------------------- Atviso 50% Proportional Incubator (european roll out of proven business models) Acute 20% Equity Incubator (early stage) Viventures I & II 30% - 40% Accounted as financial stakes Venture Capital Fund SBCP 20% Accounted as financial stakes Pre-IPO fund
[VIVENDI UNIVERSAL LOGO] [VIVENDINET LOGO] NEW INITIATIVES - - Divento |X| International cultural portal providing editorial coverage and ticketing for major cultural events and institutions |X| Leverage synergies with Universal music products and Ticketmaster /Citysearch content and ticket offering - - Egery |X| 50/50 joint-venture between VivendiNet and PSA, possibly extended to strategic partners (operator, manufacturer) |X| Multi-access motorist services across Europe |X| B2B business model providing automobile-related content and services; will serve Vizzavi Auto channel [VIVENDI UNIVERSAL LOGO] [VIVENDINET LOGO] FLIPSIDE.COM
==================================== ======================================== AUDIENCE KEY ACHIEVEMENTS (WWW.FLIPSIDE.COM) ==================================== ======================================== - - ACQUISITION OF PRIZECENTRAL.COM REACH (%) (SOURCE: MMX) IN MARCH 2000 [BAR CHART] - - CREATION OF A LEADER IN THE ONLINE GAMING MARKET BY MERGING WON.NET WITH MARCH 00 5.1 PRIZECENTRAL.COM JUNE 00 6.1 AUG 00 8.1 - - LEADER IN THE US IN ONLINE GAMING, AND A TOP 15 SITE IN ---------------------------------------- TERMS OF TOTAL TIME SPENT ======================================== VISION AND STRATEGY - - LAUNCH OF THE NEW FLIPSIDE.COM ======================================== SITE IN SEPTEMBER 2000 - ONLINE GAMING IS THE FASTEST GROWING MARKET CONTENT ON THE INTERNET - FLIPSIDE.COM TO BECOME THE LEADING HOUSEHOLD NAME IN THE ONLINE GAMING SPACE - TO EXPAND FLIPSIDE.COM'S LEADERSHIP POSITIONS GEOGRAPHICALLY AND ACROSS MULTIPLE PLATFORMS - ------------------------------------ ----------------------------------------
[VIVENDI UNIVERSAL LOGO] [VIVENDINET LOGO] EDUCATION.COM ==================================== ======================================== KEY ACHIEVEMENTS VISION AND STRATEGY ==================================== ======================================== - - LIVE VERSION LAUNCHED IN THE US - TO BECOME A LEADING EDUCATION DESTINATION FOR PARENTS, CHILDREN AND - - BETA VERSION IN EUROPE TEACHERS - - A RING OF SITES UNDER THE - TO LEVERAGE HAVAS' STRONG OFFLINE EDUCATION.COM UMBRELLA CONTENT AND KNOWHOW (HAVAS, BORDAS, NATHAN, ANAYA, COKTEL, KNOWLEDGE - - STRONG COMMITMENT OF HAVAS ADVENTURE, SIERRA...) ONLINE OFFLINE PROPERTIES - TO DEVELOP A BUSINESS BASED ON A LARGE - - MARKETING LEVERAGE THROUGH ADI REVENUE MIX (SUBSCRIPTION, ADVERTISING 5 (LAUNCHED IN OCTOBER 2000) E-COMMERCE) - ------------------------------------ ---------------------------------------- [VIVENDI UNIVERSAL LOGO] [VIVENDINET LOGO] EDUCATION.COM - ROADMAP [ARROW GRAPHIC] SEPTEMBER JANUARY 2001 2002 ---------------> 2000 2001 - - BETA LAUNCH - PUBLIC - LAUNCH IN - BREAKEVEN IN FRANCE, LAUNCH SPAIN GERMANY, IN FRANCE, UNITED- GERMANY, KINGDOM, UNITED- LIVE VERSION KINGDOM IN THE US [VIVENDI UNIVERSAL LOGO] [VIVENDINET LOGO] CANALNUMEDIA
==================================== ======================================== AUDIENCE VISION & STRATEGY (WWW.CANALPLUS.FR) ==================================== ======================================== - - TO BECOME THE NO 1 EUROPEAN PAGE VIEWS (M) (SOURCE: CYBERMETRIE) INTERNET CONTENT SUPPLIER IN [BAR CHART] MOVIES, SPORT - - TO AGGREGATE AND DEVELOP CANAL PLUS WEB SITES IN EUROPE FEB 00 1,5 MAY 00 1,8 - - TO BRING CANAL PLUS EXPERIENCE JUNE 00 2,1 TO THE INTERNET ENVIRONMENT AUG 00 1,3 - - TO CAPITALIZE ON CANAL PLUS' 14 --------------------------------------- MILLION SUBSCRIBERS ======================================= DEVELOPMENT ======================================= - NEW WEB SITE LAY-OUT LAUNCHED IN NOVEMBER - WEB SITE WILL BE ORGANIZED AROUND THREE MAIN THEMATICS: CINEMA, SPORT, Y-GENERATION - INTERNATIONAL DEVELOPMENT IN ALL COUNTRIES WHERE CANAL PLUS IS PRESENT (EXCEPT FOR SPAIN) - ------------------------------------ ----------------------------------------
[VIVENDI UNIVERSAL LOGO] [VIVENDINET LOGO] BONJOUR
==================================== ======================================== KEY ACHIEVEMENTS TRAFFIC (BONJOUR.FR) ==================================== ======================================== PAGE VIEWS (M) (SOURCE: REAL MEDIA/ - - NO 1 CLASSIFIED ADS IN FRANCE CYBERMETRIE) WITH 250K CLASSIFIED ADS ON LINE [BAR CHART] - - SUSTAINABLE TRAFFIC GROWTH WITH ABOUT 7M PAGE VIEWS (AND 120K MEMBERS) JAN 00 4,3 MARCH 00 5,6 - - SUCCESSFUL LAUNCH OF ONLINE JULY 00 6,8 AUCTIONS TARGETING 4TH RANK BY SEPT-00 8,2 YEAR END (> 30K GOODS IN AUCTIONS) - - TRAINING OF THE COMAREG SALES ---------------------------------------- FORCE NOW ABLE TO CROSS-SELL ONLINE PROPERTIES TO ======================================== PROFESSIONALS VISION AND MISSION ======================================== - - BONJOUR READY TO CASH IN ON TRAFFIC BY IMPLEMENTING PAYING - INCREASE MONETIZATION OF TRAFFIC TO MODEL FOR CLASSIFIED ADS AND REACH BREAKEVEN IN 2002 AUCTIONS - LAUNCH OF PAYING WEB-TO-WEB AND PAPER-TO-WEB CLASSIFIED ADS - NEW VERTICALS FOCUSING ON CARS, REAL ESTATE, COLLECTORS, COMIC STRIPS... - CLOSE LINKS WITH SCOOT FRANCE - ------------------------------------ ----------------------------------------
[VIVENDI UNIVERSAL LOGO] [VIVENDINET LOGO] BONJOUR - ROADMAP [ARROW GRAPHIC] JANUARY JULY SEPTEMBER Q4 --------------------> 2000 2000 2000 2000 - - 150K ITEMS - 290 ITEMS - 300 ITEMS - PAYING PAPER - - 4.3M PAGES - 6.8M PAGE - 8.2 M PAGE VIEWS + WEB ADS VIEWS VIEWS - PAYING WEB TO - LAUNCH OF - LAUNCH WEB ADS VERTICAL REAL ALERT/PROFILING - PAYING AUCTIONS ESTATE PORTAL SERVICE - LAUNCH VERTICAL - LAUNCH PORTALS (BONJOUR AUCTIONS L'AUTO, COLLECTORS - NEW WEB SITE AND COMICS) DESIGN [VIVENDI UNIVERSAL LOGO] [VIVENDINET LOGO] CADRES ONLINE
==================================== ======================================== KEY ACHIEVEMENTS AUDIENCE (WWW.CADRESONLINE.COM) ==================================== ======================================== PAGE VIEWS (M) (SOURCE: CYBERMETRIE) - - LEADING JOB BOARD IN FRANCE [BAR CHART] - - IMPLEMENTATION OF A DIRECT WEB STRATEGY DEC 99 4,6 - - MARKETING AND COMMERCIAL MARCH 00 6,3 LEVERAGE THROUGH HAVAS JUIL-00 6,3 PUBLICATIONS ---------------------------------------- - - MULTI-CRITERIA SEARCH ENGINE ======================================== - - SIX THEMATIC CHANNELS VISION AND STRATEGY ======================================== - - INTEGRATION INTO A EUROPEAN NETWORK: TALENT FOR EUROPE - TO OFFER VALUE-ADDED SERVICES FOR COMPANIES, JOB SEEKERS AND NEWSPAPERS - TO LEVERAGE HAVAS' STRONG PRESS ASSETS - TO REACH BREAKEVEN BY 2001 - ------------------------------------ ----------------------------------------
[VIVENDI UNIVERSAL LOGO] [VIVENDINET LOGO] CADRES ONLINE - ROADMAP [ARROW GRAPHIC] 1996 OCTOBER SEPTEMBER 2001 ------------------> 1999 2000 - - LAUNCH OF - ADDITION OF - RELEASE OF - BREAKEVEN THE FIRST NEW VALUE- A NEW VERSION ADDED TOOLS VERSION IN FRANCE [VIVENDI UNIVERSAL LOGO] [VIVENDINET LOGO] ATMEDICA ====================================== KEY ACHIEVEMENTS ====================================== - - IDENTIFICATION OF THREE KEY BUSINESS LINES IN WHICH HAVAS MEDI MEDIA AND ATMEDICA HAVE A STRONG COMPETITIVE ===================================== ADVANTAGE: VISION AND STRATEGY ===================================== - E-LEARNING (CME, CONFERENCE REPORTING, CURRICULUM RELATED - FOCUS ON B2B MODELS, WITH A LEARNING...); GLOBAL GEOGRAPHIC SCOPE - COMPLIANCE MANAGEMENT - TO BECOME THE FIRST GLOBAL ONLINE (PATIENT COMPLIANCE PROGRAMS PRODUCER AND DISTRIBUTOR OF HIGH- MADE AVAILABLE THROUGH MEDICAL QUALITY ONLINE LEARNING AND PROFESSIONALS...); DECISION-SUPPORT SERVICES FOR MEDICAL PROFESSIONALS - CLINICAL SUPPORT SERVICES (DIAGNOSTIC SUPPORT TOOLS, - SAME DISTRIBUTION CHANNEL FOR ALL CUSTOMIZED FORMS AVAILABLE ON BUSINESS LINES DESKTOPS). - LEVERAGE EXISTING OFFLINE BRANDS - - HAVAS MEDI MEDIA AND ATMEDICA AND CONTENT TO CROSS-SELL LOCAL MANAGEMENT TEAMS WORKING ON SERVICES ONLINE. LOCAL BUSINESS PLANNING. ====================================== ==================================== [VIVENDI UNIVERSAL LOGO] [VIVENDINET LOGO] ATMEDICA - ROADMAP [ARROW GRAPHIC] JUNE SEPTEMBER DECEMBER 2001 -------------> 2000 2000 2000 - - STRATEGIC - LAUNCH OF - RECRUITMENT OF - FULL SCALE REVIEW OF BUSINESS SENIOR IMPLEMENTATION MEDICAL PLANNING MANAGEMENT OF BUSINESS PLAN ENVIRONMENT PHASE ONLINE AND IDENTIFICATION OF ATMEDICA AND HAVAS MEDI MEDIA CORE STRENGTHS [VIVENDI UNIVERSAL LOGO] [VIVENDINET LOGO] 01.NET ==================================== ======================================== AUDIENCE KEY ACHIEVEMENTS (WWW.01NET.COM) ==================================== ======================================== PAGE VIEWS (M) (SOURCE: DART) - - LEADING INFORMATION TECHNOLOGY [BAR CHART] WEB SITE IN FRANCE
- - VERSION 2 OF SITE LAUNCHED IN MAY 2000 AND STRUCTURED IN MAY 00 2,6 VERTICAL CONTENT AREAS JUNE 00 2,8 JULY 00 3 - - ADVERTISING REVENUE RAMPING UP AUG 00 3,1 MUCH FASTER THAN EXPECTED ON
VERY HIGH CPM AND 100% SOLD ---------------------------------------- BANNER INVENTORY ======================================== - - HEAD COUNT: 66 PEOPLE BY Q4 VISION AND STRATEGY 2000 ======================================== - TO INCREASE ITS POSITION AS THE LEADING INFORMATION TECHNOLOGY PORTAL IN FRANCE. - BUSINESS MODEL BASED ON ADVERTISING REVENUES AND SALE OF PREMIUM CONTENT. - INTERNATIONAL DEVELOPMENT THROUGH PARTNERSHIP - ------------------------------------ ---------------------------------------- [VIVENDI UNIVERSAL LOGO] [VIVENDINET LOGO] 01.NET - ROADMAP [ARROW GRAPHIC] AUGUST SEPTEMBER 2001 2002 --------------> 2000 2000 - - LAUNCH OF V2 - RELAUNCH OF - FOCUS ON SITE - BREAKEVEN SITE WITH VISIBILITY AND NEW DESIGN REVENUE AROUND GROWTH VERTICAL THEMATIC CHANNELS - CREATION OF NEW ECONOMY SECTION [VIVENDI UNIVERSAL LOGO] [VIVENDINET LOGO] SQUARE FINANCE ==================================== ======================================== AUDIENCE KEY ACHIEVEMENTS (WWW.SQUAREFINANCE.COM) ==================================== ======================================== PAGE VIEWS (M) (SOURCE DOUBLE CLICK - - - PARTNERSHIP WITH VIZZAVI SIGNED JAN 00 / CYBERMETRIE) : SQUARE FINANCE TO BECOME [BAR CHART] PREFERRED SUPPLIER FOR VIZZAVI FRANCE FINANCE CHANNEL
- - P.R. CAMPAIGN LAUNCHED IN JAN 00 0,5 SEPTEMBER, LARGELY THROUGH JUNE 00 1,5 CROSS-PROMOTION BY HAVAS AUG 00 1,8 PUBLICATIONS
---------------------------------------- - - NUMEROUS CONTENT LICENSING DEALS SIGNED WITH ONLINE ======================================== BROKERS, BANKS AND FINANCIAL VISION AND STRATEGY SITES. ======================================== - - CONTENT SYNDICATION REVENUES - TO BECOME ONE OF FRANCE'S LEADING RAMPING UP FASTER THAN PERSONAL FINANCE PORTAL AND PROVIDER EXPECTED. OF ONLINE FINANCIAL CONTENT - TO LEVERAGE HAVAS' STRONG OFFLINE CONTENT AND BRANDS (L'EXPANSION, LA VIE FINANCIERE...) ONLINE - TO DEVELOP A BUSINESS BASED ON A LARGE REVENUE MIX (ADVERTISING, E- COMMERCE, CONTENT LICENSING...) - ------------------------------------ ---------------------------------------- [VIVENDI UNIVERSAL LOGO] [VIVENDINET LOGO] [ARROW GRAPHIC] SQUARE FINANCE - ROADMAP AUGUST SEPTEMBER 2001 2002 ------------------> 2000 2000 - - LAUNCH OF - LAUNCH OF - FOCUS ON - BREAKEVEN V2 UNDER MARKETING SITE SQUARE CAMPAIGN VISIBILITY FINANCE AND BRAND REVENUE - BEGINNING GROWTH OF CONTENT PARTNERSHI P WITH VIZZAVI [VIVENDI UNIVERSAL LOGO] [VIVENDINET LOGO] @VISO - EVOKE EUROPE ==================================== ======================================== VISION AND MISSION KEY ACHIEVEMENTS ==================================== ======================================== - - EVOKE IS A LEADING INTERNET - STARTING DATES : TERM SHEET COMMUNICATIONS PROVIDER FOR SIGNED 10/99. GERMAN AND BUSINESSES FRENCH SITE OPENED IN MARCH 2000 - OFFERS AUDIO/VIDEO CONFERENCING WITHOUT ANY - STAFF : ABOUT 110 PRE-BOOKING REQUIREMENT. EMPLOYEES - ALSO OFFERS LIVE AND ON- - OPERATING IN 5 COUNTRIES : DEMAND WEBCASTING AND GERMANY, FRANCE, SPAIN, UNIVERSAL VOICE-TO-MAIL ITALY AND SWEDEN - FUNDING EURO9.8M - 51/49 - PARTNERSHIP WITH TERRA, EVOKE/@VISO JV VIZZAVI - ------------------------------------ ---------------------------------------- [VIVENDI UNIVERSAL LOGO] [VIVENDINET LOGO] @VISO - INTERLIANT EUROPE ==================================== ======================================== VISION AND MISSION KEY ACHIEVEMENTS ==================================== ======================================== - - INTERLIANT IS A LEADING - STARTING DATES : TERM SHEET ASP/WEB HOSTING COMPANY SIGNED 10/99. FRENCH SERVICES STARTED IN APRIL - COMPREHENSIVE SUITE OF 2000 HIGH-END HOSTING AND INTERNET SERVICES - STAFF : ABOUT 60 EMPLOYEES CONSULTING SPECIALISED IN APPLICATION SERVICE - OPERATING IN 3 COUNTRIES : PROVISION (ASP) FRANCE, UK AND GERMANY - FOCUS ON MISSION-CRITICAL - PARTNERSHIP WITH CEGETEL APPLICATIONS - FUNDING EURO7.6M - 51/49 INTERLIANT/ @VISO - ------------------------------------ ---------------------------------------- [VIVENDI UNIVERSAL LOGO] [VIVENDINET LOGO] @VISO - MESSAGE MEDIA EUROPE ==================================== ======================================== VISION AND MISSION KEY ACHIEVEMENTS ==================================== ======================================== - - MESSAGE MEDIA IS A LEADING - STARTING DATES : TERM SHEET PROVIDER OF E-MAIL-BASED SIGNED 10/99. FRENCH CUSTOMER RELATIONSHIP SERVICES STARTED ON APRIL MANAGEMENT AND DIRECT 2000 MARKETING - STAFF : ABOUT 72 EMPLOYEES - COMPREHENSIVE SUITE OF MESSAGING SERVICES BASED - OPERATING IN 3 COUNTRIES : ON E-MAIL COVERING CRM, GERMANY, FRANCE, AND OPT-IN-BASED DIRECT SWEDEN MARKETING AND REAL-TIME CUSTOMER FEED-BACK - MAIN CUSTOMERS : BONJOUR, SOLUTIONS SCANDINAVIA ON LINE, GETTY - FUNDING : EURO7.8M FOR A - WILL LEAVE THE PARIS 51/49 MM/ @VISO JV INCUBATION CENTER IN NOVEMBER 2000. - ------------------------------------ ---------------------------------------- [VIVENDI UNIVERSAL LOGO] [VIVENDINET LOGO] @VISO - PEOPLE PC EUROPE ==================================== ======================================== VISION AND MISSION KEY ACHIEVEMENTS ==================================== ======================================== - - PEOPLE PC'S GOAL IS TO - STARTING DATES : TERM SHEET CONNECT THOSE NOT YET ONLINE SIGNED ON 05/00. UK AND FRENCH SERVICES TO START IN - OFFERS A BRAND-NAME PC, 11/00 UNLIMITED INTERNET ACCESS, 3 YEARS' HOME - STAFF : ABOUT 25 TO DATE (45 WARRANTY AND CUSTOMER BY YEAR END) SERVICES FOR A LOW MONTHLY FEE. - OPERATING IN 2 COUNTRIES : UK, FRANCE - GLOBAL INTERNET PROVIDER TO CONSUMER, CORPORATE - PARTNERSHIP WITH HP, IBM, AND GOVERNMENT MICROSOFT EMPLOYEES. - NEXT STEP : ROLL-OUT OF THE - EURO60M FUNDING OF THE FIRST 2 CORPORATE EUROPEAN JV, @VISO OWNS CUSTOMERS ON A EUROPEAN 35% SCALE - ------------------------------------ ---------------------------------------- [VIVENDI UNIVERSAL LOGO] [VIVENDINET LOGO] @VISO - E LOAN EUROPE ==================================== ======================================== VISION AND MISSION KEY ACHIEVEMENTS ==================================== ======================================== - - E-LOAN IS THE LEADING ONLINE - STARTING DATES : TERM SHEET LENDING COMPANY << A BETTER SIGNED 10/99. GERMAN AND WAY TO GET A LOAN >> FRENCH SITE OPENED IN MARCH 2000 - E-LOAN OFFERS HOME EQUITY LOANS, CAR LOANS - STAFF : ABOUT 110 AND CONSUMER LOANS EMPLOYEES - E LOAN OFFERS THE LARGEST - OPERATING IN 5 COUNTRIES : SELECTION OF LOANS WITH GERMANY, FRANCE, SPAIN, STATE-OF-THE-ART DECISION- ITALY AND SWEDEN MAKING TOOLS AND THE SUPPORT OF PERSONAL - PARTNERSHIP WITH TERRA, CONSULTANTS ONLINE OR BY VIZZAVI PHONE. STRONG CONSUMER ADVOCATE. - FUNDING EURO35M - 50/50 JV - ------------------------------------ ---------------------------------------- [VIVENDI UNIVERSAL LOGO] [VIVENDINET LOGO] USA INTERACTIVE - PROPERTIES - - TICKETMASTER (100% OWNERSHIP) : US LEADER IN OFF-LINE TICKETING - PACERCATS (100%) : BOX OFFICE SYSTEMS FOR MOVIE THEATRES - - TICKETMASTER ONLINE (CITYSEARCH (50%): SECOND E- COMMERCE SITE AFTER AMAZON ; US LEADER IN CITY GUIDES ; LISTED COMPANY (MARKET CAP : $ 1.3B) - - HOTEL RESERVATION NETWORK (70%): US LEADER IN ONLINE HOTEL RESERVATION ; PROFITABLE ; LISTED COMPANY (MARKET CAP : $1.5B) - - ELECTRONIC COMMERCE AND SERVICES : PROVIDER OF INTEGRATED RETAIL SOLUTIONS THAT LEVERAGE TM, HSN, AND OTHER USA COMPANIES - - OTHER WEB PROPERTIES : MATCH.COM, STYLECLICK, ... [VIVENDI UNIVERSAL LOGO] -----END PRIVACY-ENHANCED MESSAGE-----