F morrowmodel

F morrowmodel European opportunity JEE EFTA00588900 2morrowmodel group is the fastest growing group in the Milan market MS ICCTit worrt It tot 4445•4n1 citron Ravi " ro ORA Foie 106.0 4Psolt / Lik4.) - I 1 kat L 2100m40011 • We believe in results - We measure our success by the numbers of our clients and their satisfaction - We do not follow industry rules, we question them and change them where it's appropriate to make OUR rules - We want to create successful companies adequately structured, what is trendy but does not create sound business we leave to our competitors - We operate with a sense of urgency • We believe in sharing - Our models, our mother agency partners and our top employees participate in our success • We tell it like it is - We listen hard, but are suspicious of received industry wisdom • We aspire to have the most efficient company in modeling - We employ our manuals, software and rules to run our companies as a Swiss clock - 60% of our employees have university degrees, 20% in management and economics. Our key managers come from Private Equity, Fashion and have been educated in the best universities t recipient; itdosnot ipIlitwilis4ARrprsh1aared with any 3rd party without 2morrow's prior written consent. EFTA00588901 Exponential growth of 2morrowmodel group over the last 5 years Founded in 2001, 2morrowmodel group is experiencing rapid growth in the last 5 years since new management arrived... (INDEXED revenue, 2009 = 100%) ...and is already the largest group for FTEs in Milan with 48 employees ••• This information is confidential and was prepared by 2morrmo solely for the direct recipient; t ot ithStalitishwitryfitipred with any 3rd party without 2morrow's prior written consent. EFTA00588902 One group, 3 companies morrowmodel • www.2morrowmodel.com • >2000 models managed • Paris opening in progress • www.nologomgmt.com • "500 models managed • www.2daymodel.com • "'300 models managed 4 This information is confidential and was prepared by 2morrow solely for the direct recipient; iteiesnot ipi limirrt,4466R,Qrskloared with any 3rd party without 2morrow's prior written consent. EFTA00588903 IL DESIGN DEL COLORE s DEBORAH OF LIFE. A t 7.11 SPORTMAX Ti sent. EFTA00588904 EFTA00588905 Expansion opport Opportunity *Leverage the existing business model and the talent already under contract to open Paris and London - Provide from Milano the software and the internal procedures bringing efficiency in a dysfunctional industry. We are the disruptive technology - Provide from Milano the talent under contract - Create legally an invoicing platform from Italy to exploit tax advantages - Bring top quality management from Milano to kick-start the operations - Include the MC2 network and work together using Jean Luc organization as the American operations - Collaborate with Jean Luc also on the scouting side, even if the 19 mother agencies where we have equity participations and special agreements are already a very, very strong platform Skin in the game •On this project 2morrow group will bet its network, brand name and top management with very high image and opportunity cost. It MUST be a success, failure would put the rest of the ventures at risk and is unacceptable •Existing personnel will be used to support the venture, that's why we can open these structures with limited investments Financial terms •3M Eur commitment, to be drawn within 3 years - not all money needed upfront - 99% as debt, 1% as capital *Total amount to be repaid before any other amount paid to shareholders - Cost of capital of 6% to be calculated for the months effectively used - Target: repay debt 3.5 years from when it's drawn *50-50 split of shares *Complete transparency and quarterly updates 7 This information is confidential and was prepared by 2morrow solely for the direct recipient; it snot iplbt.Fglig.40,Rwskleared with any 3rd party without 2morrow's prior written consent. EFTA00588906