FY-2014 results Coface posts results in line with guidance and - PowerPoint PPT Presentation

FY-2014 results Coface posts results in line with guidance and proposes a distribution of EUR 0.48 per share February 17 th , 2015 (Unaudited Results)

Important legal information IMPORTANT NOTICE: This presentation has been prepared exclusively for the purpose of the disclosure of Coface Group’s FY-2014 results, released on February 17 th , 2015. This presentation includes only summary information and does not purport to be comprehensive. The Coface Group takes no responsibility for the use of these materials by any person. The information contained in this presentation has not been subject to independent verification. No representation, warranty or undertaking, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained herein. None of the Coface Group, its affiliates or its advisors, nor any representatives of such persons, shall have any liability whatsoever for any loss arising from any use of this document or its contents or otherwise arising in connection with this document or any other information or material discussed. Participants should read FY-2014 Financial Statements and complete this information with the Prospectus relating to the initial public offering (“IPO”) of the Company and the Registration Document for the year 2014. The Prospectus was approved by the Autorité des marchés financiers (“AMF”) on June 13 th , 2014 under the No. 14-293, and it consists of: (i) a Base Document registered under the No. I.14-029 dated of May 6th,2014 (only this document exists in English); (ii) a Securities Note registered under the No. 14-293 dated of June 13th, 2014; and, (iii) a summary of the prospectus (included in the Securities Note). The Registration Document for 2014 shall be registered and approved according to French Regulation. These documents all together present a detailed description of the Coface Group, its business, strategy, financial condition, results of operations and risk factors. This presentation contains certain forward-looking statements. Such forward looking statements in this presentation are for illustrative purposes only. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. The forward-looking statements are based on Coface Group’s current beliefs, assumptions and expectations of its future performance, taking into account all information currently available. The Coface Group is under no obligation and does not undertake to provide updates of these forward-looking statements and information to reflect events that occur or circumstances that arise after the date of this document. Forward-looking information and statements are not guarantees of future performance and are subject to various risks and uncertainties, many of which are difficult to predict and generally beyond the control of the Coface Group. Actual results could differ materially from those expressed in, or implied or projected by, forward-looking information and statements. These risks and uncertainties include those discussed or identified under “Risk Factors” (“ Facteurs de Risques ”) in the Base Document filed by the Coface Group with the AMF. This presentation contains certain information that has not been prepared in accordance with International Financial Reporting Standards (“IFRS”) . This information has important limitations as an analytical tool and should not be considered in isolation or as a substitute for analysis of our results as reported under IFRS. More comprehensive information about the Coface Group may be obtained on its Internet website (http://www.coface.com/Investors). This document does not constitute an offer to sell, or a solicitation of an offer to buy COFACE SA securities in any jurisdiction. / / FY-2014 results - February 17th 2015 2

Agenda 1. Economic environment and 2014 key achievements 2. FY-2014 Results 3. Annexes

1 Economic environment and 2014 key achievements

Global economy on the path of gradual recovery Micro environment Macro environment • Recovery ahead: CONTEXT • Still a high level of insolvencies • Fragile and uneven in Europe • Investment subdued whilst margins are recovering: • Stronger in the US • Cheaper oil + lower euro • Growth constrained in emerging countries • Supply-side reforms have delivered (Spain, Portugal) • Advanced countries should be looked at with cautious optimism or are starting (France, Italy) • A number of geopolitical uncertainties remain GDP Growth Exports of goods & services Insolvencies in Europe 220 1,200 Germany Belgium France Italy 6.1% 200 1,000 5.8% Spain (RHS) Netherlands 180 4.7% 800 4.3% 3.9% 160 4.3% 4.7% 600 4.2% 3.5% 4.2% 140 3.1% 2.9% 2.8% 400 2.4% 2.1% 2.9% 120 1.7% 1.2% 200 0.8% 100 0 80 World Euro Zone USA Advanced Emergent 2014 2015 2016 countries countries 60 -200 G7 Euro area Emerging and developping economies 2014 2015 2007 2008 2009 2010 2011 2012 2013 2014 Source: COFACE (as of December 2014) Source: IMF (as of December 2014) Source: Scores & Decisions, Coface, National statistics  RHS = Right hand side Painful recovery weighs on the corporate sector, hurt by a long crisis / / FY-2014 results - February 17th 2015 5

Robust business model delivers results … …in line with the investment proposition made to Coface’s shareholders 2014 Key Achievements Risk management excellence Path of growth Operational leverage    and low volatility  Innovation and product  Information gathering differentiation Proximity to the risk  Flat internal costs  Improved productivity  Industrialisation of sales processes  Risk underwriting Information centres : # of tasks nearly Lead generation doubled between 2013 and 2014 Constant monitoring and adjustment Multi-channel distribution approach (blueprint commercial organisation) Risk underwriting: # of decisions per Steering new KPIs & funnel approach underwriter increased by 40%  Claims and debt collection Salesforce training  Stable number of staff Experienced and independent professionals  Geographical expansion / FY-2014 results - February 17th 2015 6

Commercial momentum confirmed TopLiner: a demonstrated ability Innovation and product differentiation to deploy products quickly and globally Available in all countries where the group a unique breakthrough offer for SMEs:   operates under own license A disruptive cost-efficient offer; a white label offer for partners launched in 12 countries this year Further deployment expected notably in the US  60+ countries targeted TopLiner Premium ( € m) 19 New products equipment  plan going forward: 12 2013 2014 Geographical expansion Turnover and reorganisation of sales team Growth vs. FY2013  +50% agents in the US +1.6% 1  Acquisition of a new license in Colombia (Jan-14), Morocco (Dec-14) and Israel (Jan-15)   New Partnership in Serbia and new Rep. Office in Kazakhstan  ~1,200 commercial people trained in 2014  Specific differentiating factors allows us to continue delivering growth / FY-2014 results - February 17th 2015 7 1 At constant FX and perimeter

Coface core strengths across risk management Strong underwriting performance further improved in 2014 Loss Ratio Core Information gathering Risk underwriting Claims & collection competencies (3.5 ppts.) Key +1 new Information Improvement in debt Actions plans achievements Centre in Indonesia collection rate on specific countries/activity sectors 2014 46 information centres +2 ppts. (at 48.7%) 53.8% 50.4% FY 2013 FY 2014 Net loss ratio Key principles of credit insurance applied by Coface Deductible: alignment of Ability to reduce/cut Short-term exposure No anti-selection Diversification interest insurer/Client exposure at any time 2014 COFACE exposure 1 by debtors’ trade sector 2014 COFACE exposure 1 by geography of debtor 1.8%0.9% Minerals, chemical, oil, pharma. Agriculture, agro-business 2.5% 7.3% Construction 2.8% 14.7% Western Europe 8.0% Electrical, electronics, IT, telecom. 3.3% 29.0% Northern Europe Non-specialist commerce 3.5% Metals Asia Pacific 3.8% 8.5% Cars and transport. Mediterranean & Africa Mechanics and measurements 5.6% 14.2% North America Textile, leather and apparel LatAm Business and private services 7.4% 13.9% Central Europe Miscellaneous Paper, packing and printing 11.0% Collective services 18.8% 7.9% Financial services 14.5% Wood and furniture 9.7% 10.6% / FY-2014 results - February 17th 2015 8 1 € ~508bn of Insured receivables (theoretical maximum exposure under the group’s insurance policies) at end -2014

2 FY-2014 Results