telegate Group Munich August 06 2015 2015 klicktel

telegate Group Munich, August 06, 2015 © 2015, klicktel AG

01 Business development 02 Financials 03 Outlook Agenda item Company presentation based on results 6 mth 2015 2

We started to sharpen our market approach … • Smart and easy to understand online marketing solutions • A clear „We-Do-It-For-You“ commitment • Solutions with easily visible positive results … to better address our customers‘ needs Company presentation based on results 6 mth 2015 3

Our improved product portfolio … Presence Advertising • Website • Landing-Page • Listing • Top-Listing • Video clip • Google Ad. Words • Facebook Page • Google My Business • Facebook Advertising • Google Business View … brings our customers from offline to online Company presentation based on results 6 mth 2015 4

Online presence for business owners on the biggest social network Facebook Company presentation based on results 6 mth 2015 5

Google My Business - professional presence on all important Google services Maps Google+ Google Suche ✔ ✔ ✔ Company presentation based on results 6 mth 2015 6

With Google Business View our customers enable their potential customers to visit their enterprise online before entering real life Company presentation based on results 6 mth 2015 7

We extended our market coverage … Target Group Beginners in online advertising SMEs attracted to online advertising (focus target group) Professional Advertising Behaviour Ø Online Advertising Spending per Month No experience with online marketing or want to test several providers < 100 € First positive experience 100 – 500 € Long-standing positive experience > 500 € Offer h wit d e ess edia r d A ial m cts c o s du pro Easy online presence & low entry product Professional online presence & performance products sive n e h pre th new m Co r wi ts offe roduc p gle o o s G ed ckage c n a a Enh ords P Performance product Adw & VIP treatment … by customer segmentation Company presentation based on results 6 mth 2015 8

01 Business development 02 Financials 03 Outlook Agenda item Company presentation based on results 6 mth 2015 9

We extended our presence product portfolio Websites #8, 600 (+5%)* Google Business View # 90 (just launched) Facebook #150 (just launched) Google My Business # 300 (just launched) Listings #18, 000 (-19%)* Video #6, 200 (flat) Customer base € 14, 4 m€ (-7%)** #22, 000 (-13%)*** * Revenues YTD vs. previous year ** Sales (non-deferred) YTD vs. previous year *** Number of customer Company presentation based on results 6 mth 2015 10

We will further extend our advertising product portfolio with Facebook Advertising. . Google Ad. Words 11 m € revenues (+11%)* 40% mobile Best reseller DACH Facebook Advertising Launch Autumn 2015 (highly competitive market) Top-Listings 250 m searches on own and partner platforms (32% mobile; > 3 m apps downloads) * Revenues YTD vs. previous year Company presentation based on results 6 mth 2015 11

Digital business improvements with focus on presence products and customer retention • EBITDA* 2011 HY 1 2014 HY 1 2015 -4. 1 m€ 1. 1 m€ 0. 4 m€ Customer acquisition • Presence penetration • ARPA 12% 1, 023€ 54% 1, 571€ 65% 1, 537€ Customer retention • Presence penetration • ARPA • CHURN • Customer > 3 years 5% 1, 022€ 43% 15% 33% 1, 295€ 30% 28% 35% 1, 358€ 30% 33% * EBITDA before non-recurring items, incl. platform cost and incl. website capitalisation However, next steps necessary to grow the business Company presentation based on results 6 mth 2015 12

Revenue & EBITDA* in line with guidance *all figures in m€ and incl. non-recurring items Thanks to cost-optimisation program: • • • Increase of gross profit margin Significant reduction of general admin costs EBITDA incl. non-recurring items increased Company presentation based on results 6 mth 2015 13

Cash flow in line with guidance Operating Cash Flow*, *** (m€) ● HY 1. 14*** HY 1. 15 -0. 7 -2. 0 Business transformation and investments in product launch burdens cash flow * adjusted by effects related to data cost claims Net Cash Flow * , ** (m€) HY 1. 14 -4. 1 ● HY 1. 15 -3. 9 Lower Capex and capitalisation of provision compensate lower operating cash flow year on year ** Net Cash Flow: Operating CF + investing CF (w/o available for sale financial assets) +/- interest income/expenses + valuation of financial assets *** amount adjusted according to IAS 8 Cash position of 21. 6 m€ available to strengthen our digital business Company presentation based on results 6 mth 2015 14

We confirm our 2015 guidance, thanks to strict cost management Profitability EBITDA** of 2 -3 m€ in 2015 Net cash flow* 2015: -6 to -7 m€ due to investments & business transformation Revenues Digital Investments Digital Double digit growth 2016 Yoy will be challenging *without data cost items **before non-recurring items Company presentation based on results 6 mth 2015 15

Damage claim against Deutsche Telekom AG… • The Higher Regional Court in Dusseldorf rejected telegate’s appeal of the damage claim against Deutsche Telekom. Appeal of this ruling has not been granted. • In the legal dispute, the value of the damage claim amounts to 86 million Euro plus interest, which telegate AG asks for as the company had to pay higher than necessary costs for the provision of subscriber data to Deutsche Telekom and hence, had less money available to push the company’s development. • Telegate appeals against non-allowance at the federal court of justice …will continue with appeal against non-allowance Company presentation based on results 6 mth 2015 16

01 Business development 02 Financials 03 Outlook Agenda item Company presentation based on results 6 mth 2015 17

Short Term telegate will make a shift from a sales focused to a product centric organization … • improving profitability by initiating efficiency optimization initiatives – start immediately • massive revision and realignment of the existing product portfolio – until end of 2015 • enter the market with new innovative solutions – until end of 2015 … to have enough development capacity for future growth plans. Company presentation based on results 6 mth 2015 18

Contacts and financial calendar Financial Calendar telegate AG CEO | Christian Maar Management Board | Franz Peter Weber | Michael Geiger Investor Relations | Thomas Kley August 6, 2015 | 6 -months results 2015 November 12, 2015 | 9 -months results 2015 November 23 rd-25 th, 2015 Forum 2015 | German Equity telegate AG Fraunhoferstraße 12 a 82152 Martinsried Germany Phone | +49 (0) 89 -8954 -1755 Fax | +49 (0) 89 -8954 -1020 Email | Investor. relations@telegate. com Homepage | www. telegate. com Company presentation based on results 6 mth 2015 19

Disclaimer This presentation contains “forward looking statements” regarding telegate Group (telegate), including opinions, estimates and projections regarding telegate’s financial position, business strategy, plans and objectives of management and future operations. Such forward looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of telegate to be materially different from future results, performance and achievements expressed or implied by such forward looking statements. These forward looking statements speak only as of the date of this presentation and are based on numerous assumptions which may or may not prove to be correct. Whilst all reasonable care has been taken to ensure that the information and facts stated herein are accurate and that the opinions and expectations contained herein are fair and reasonable, no representation or warranty, express or implied, is made by telegate with respect to fairness, completeness, correctness, reasonableness or accuracy of any information and opinions contained herein. The information in this presentation is subject to change without a prior notice, it may be incomplete or condensed, and it may not contain all material information concerning telegate undertakes no obligation to publicly update or revise any forward looking statements or other information stated herein, whether as a result of new information, future events or otherwise. Company presentation based on results 6 mth 2015 20

Backup Company presentation based on results 6 mth 2015 21

Key data of the share ISIN DE 0005118806 Outstanding shares 19. 111. 091 Dividend 2014 0. 00 Euro/share 52 W high 5. 78 Euro 52 W low 1. 16 Euro Market capitalisation (June 30, 2015) 24 m Euro Average turnover per day (12 -months) Transparency standard 29 k Euro Prime Standard Indices CDAX, Prime All Share, Technology All Share Official market Frankfurt and Xetra Liquidity class 2 Market makers Oddo Seydler Bank AG Company presentation based on results 6 mth 2015 22

Shareholder structure ISIN DE 0005118806 13, 58% Freefloat: 15, 95% SEAT Pagine Gialle 54, 10% 16, 37% Company presentation based on results 6 mth 2015 Golden Tree asset management Lux. S. à. r. l (incl. Steven A. Tananbaum): GL Europe Lux. S. à. r. l. 23

KPIs Directory Assistance HY 1. ’ 14 vs. HY 1. ’ 15 -24% 14. 5 11. 0 Revenues 4. 1 2. 4 HY 1. 2014 1 EBITDA 1 HY 1. 2015 EBITDA before non-recurring items, incl. platform cost and incl. website capitalisation DA business remains profitable due to revenue & cost optimization Company presentation based on results 6 mth 2015 24

KPIs Digital Business HY 1. `14 vs. HY 1`15 -7% 17. 6 16. 4 Revenues 1. 1 HY 1. 2014 1 0. 4 EBITDA 1 HY 1. 2015 EBITDA before non-recurring items, incl. platform cost and incl. website capitalisation Digital business displays a positive result again Company presentation based on results 6 mth 2015 25

Consolidated P&L Company presentation based on results 6 mth 2015 26

Consolidated balance sheet Company presentation based on results 6 mth 2015 27

Consolidated Cash flow statement Company presentation based on results 6 mth 2015 28

Thank you for your attention! telegate AG Fraunhoferstr. 12 a 82152 Martinsried T +49 89 8954 - 0 F +49 89 8954 - 1020 Company presentation based on results 6 mth 2015 29