<PAGE>
Filed by Havas Advertising
Pursuant to Rule 425 under the Securities Act of 1933
Subject Company: Snyder Communications
Commission File No.: 1-12145
The following is an amendment and restatement of materials filed by Havas
Advertising pursuant to Rule 425 under the Securities Act of 1922 on June 7,
2000:
The following are materials prepared by Havas Advertising for a presentation to
investors and analysts on June 5, 2000. INFORMATION CONCERNING THE PARTICIPANTS
IN THE PROXY SOLICITATION IS SET FORTH OPPOSITE THE FIRST SEVEN BENEFICIAL
OWNERS LISTED IN ITEM 12 OF THE ANNUAL REPORT ON FORM 10-K OF SNYDER
COMMUNICATIONS FOR THE YEAR ENDED DECEMBER 31, 1999 ON FILE WITH THE SEC
(COMMISSION FILE NO. 1-12154). INVESTORS WILL BE ABLE TO OBTAIN THE DOCUMENTS
FREE OF CHARGE AT THE SEC'S WEB SITE, WWW.SEC.GOV.
<PAGE>
[Havas Advertising Logo]
Merrill Lynch TMT Conference
London
June 5, 2000
<PAGE>
================================================================================
Bob Schmetterer
Chairman and Chief Executive Officer
Euro RSCG Worldwide
<PAGE>
Agenda
================================================================================
. Overview
. The New Havas Advertising
- Strategy
- Snyder Acquisition
- The New Organization Division by Division
. Recent Financial Results
. Outlook
<PAGE>
Safe Harbor Statement
================================================================================
"FORWARD-LOOKING INFORMATION"
This document contains certain "forward-looking statements" about the
proposed merger of Havas Advertising and Snyder Communications. These
include statements regarding the anticipated closing date of the
transaction, anticipated tax consequences, and anticipated future
operating results. Forward-looking statements can be identified by the
fact that they do not relate strictly to historical or current facts.
They often include words like "believe," "expect," "expect,"
"anticipate," "estimated," "pro forma," and "intend" or future or
conditional verbs such as "will," "would," or "may." Certain factors
that could cause actual results to differ materially from expected
results include delays in completing the merger, difficulties in
integrating the Snyder Communications companies with the Havas
Advertising divisions, and changes in general economic conditions that
may adversely affect the businesses in which Havas Advertising and
Snyder Communications are engaged and changes in the securities
markets.
ADDITIONAL INFORMATION
Havas Advertising and Snyder Communications will be filing a proxy
statement/prospectus and other relevant documents concerning the
merger with the Securities and Exchange Commission (SEC). WE URGE
INVESTORS TO READ THE PROXY STATEMENT/PROSPECTUS WHEN IT BECOMES
AVAILABLE AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC BECAUSE
THEY WILL CONTAIN IMPORTANT INFORMATION. Investors will be able to
obtain the documents free of charge at the SEC's web site,
www.sec.gov. In addition, documents filed with the SEC by Havas
Advertising will be available free of charge from its Secretaire
General, at 84, rue de Villiers, 92683 Levallois-Perret Cedex, France,
00-33-1-41 34 30 00. Documents filed with the SEC by Snyder
Communications will be available free of charge from its Corporate
Secretary at 6903 Rockledge Drive, Bethesda, Maryland 20817, 301-571-
6265. INVESTORS SHOULD READ THE PROXY STATEMENT/PROSPECTUS CAREFULLY
WHEN IT BECOMES AVAILABLE BEFORE MAKING ANY VOTING OR INVESTMENT
DECISIONS.
Snyder Communications and its directors, executive officers and
certain other members of Snyder Communications management and
employees may be soliciting proxies from Snyder Communications
shareholders in favor of the merger. Information concerning the
participants in the proxy solicitation will be set forth in the proxy
statement/prospectus when it is filed with the SEC."
FINANCIAL ACCOUNTING STANDARDS
All financial information given in this presentation concerning Havas
Advertising is presented according to French Generally Accepted
Accounting Standards.
<PAGE>
Investment Highlights
================================================================================
. World's 4th largest communications group*
. Industry leading growth
. Optimizing geographic footprint/product mix
. Balance and richness of client base
. Flawless execution/integration of acquisitions
. Strong financial position to fund growth
. Management stability and depth to support
global growth and expansion
____________________
*Pro forma estimates including Snyder
<PAGE>
1999: An Outstanding Year
================================================================================
Gross Income + 38.2%
EBIT + 50.9%
EBIT / GI 12.5%
NI bef. Extraord. & GW(1) + 37.7%
Fully diluted EPS + 17.5%
Dividend + 15.4%
________________________
(1) Group share
<PAGE>
1999: Productivity Ratios
================================================================================
<TABLE>
<CAPTION>
(% of GI) 1998 1999
------------------- ---- ----
<S> <C> <C>
Personnel expenses 57.3% 56.6%
Other expenses 30.8% 30.8%
Exceptional items 0.5% 0.2%
EBITDA 14.7% 15.9%
EBIT 11.4% 12.5%
Nb. Of employees(1) 8,451 11,967
</TABLE>
_____________________
(1) Average FTE
<PAGE>
1999: Industry Comparisons
================================================================================
<TABLE>
<CAPTION>
Gross Income Growth EBIT EBIT / GI
99 / 88 Growth
------------------------------------
Organic Total 99 / 98 99
---------------- --------------- ---------- -----------
<S> <C> <C> <C> <C>
OMNICOM NA 20% 28.8% 14.1%
INTERPUBLIC 9% 14.9% 16.9% 16.4%
WPP 8% 13.3% 19.0% 13.4%
Y & R 10.4% 12.8% 28.4% 12.1%
HAVAS ADVERTISING 12.7% 38.2% 50.9% 12.5%
</TABLE>
________________________________
Source: Company data and Broker estimates
<PAGE>
[Havas Advertising Logo]
Euro RSCG C CAMPUS MEDIA diversified agencies
Worldwide PLANNING
GROUP
New York Boston Madrid Paris
Europe USA Europe Europe
North America Europe North America North America
APAC LATAM LATAM
LATAM
A decentralized and multicultural company
<PAGE>
Strategic Focus by Division
================================================================================
. EURO RSCG WORLDWIDE
<TABLE>
<S> <C>
-------------
- A major global agency network organized to serve Euro RSCG
high growth international clients and committed to Worldwide
delivering strategic and fully integrated brand
communication through advertising, data based
marketing services, interactive and corporate New York
relations. -------------
Europe
North America
APAC
LATAM
-------------
</TABLE>
<PAGE>
Strategic Focus by Division
================================================================================
. CAMPUS
--------------
- A network of the most outstanding C CAMPUS
creative advertising agencies in the
world focused on delivering
exceptional advertising to major --------------
local and highly centralized multi- BOSTON
national clients. --------------
USA
Europe
LATAM
--------------
<PAGE>
Strategic Focus by Division
================================================================================
. MEDIA PLANNING GROUP
------------
- Focused on developing one of the top 5 MEDIA
worldwide independent media networks PLANNING
GROUP
------------
Madrid
------------
USA
Europe
LATAM
------------
<PAGE>
Strategic Focus by Division
================================================================================
. DIVERSIFIED AGENCIES GROUP
--------------------
- A division focused on developing and [diversified
acquiring specialized independently agencies logo]
--------------------
branded agencies across the highest Paris
--------------------
growth segments of marketing
communications:
. Direct Marketing, Database Management, Europe
Promotion, Interactive, Public North America
Relations, Design, Research and Sports
Marketing.
--------------------
<PAGE>
1999: Strong New Business Growth
================================================================================
Net new billings
----------------
(on an annualized basis)
------------------------
Euro RSCG Worldwide 674
CAMPUS 92
MEDIA PLANNING GROUP 313
DIVERSIFIED AGENCIES GROUP 137
---
1,216 M euro
<PAGE>
1999: Principal New Clients
================================================================================
. Euro RSCG Worldwide:
- Air France*, Telefonica*, Novartis*, Parke Davis*, Hallmark,
Midas, Glaxo Wellcome (3 wins), Alberto Culver, Budget Rental
Car, Santander Financial
. CAMPUS:
- Orange*, Alcatel*, Dreamcast
. MEDIA PLANNING GROUP:
- Airtel*, One Tel*, Retevision*, Bayer, Carrefour Continent
. DIVERSIFIED AGENCIES GROUP:
- Liberty Surf, Virgin Net, Virgin Atlantic, Sky TV
_________________________________
* Global / Multinational
<PAGE>
1999: Major Dot Com Wins
================================================================================
. ask.com, jcrew.com, intel.com, BOL.com, latribune.fr, excite.com.au,
nomad.fr, fimatex.fr, wineplanet.com.au, alladvantage.com, Rocket
ebook, lipitor.com, doubleclick.com, brandwise.com, cadeau.fr,
empleo.com, metrocuadrado.com, worldlyinvestor.com, to2.com, jaldi.com,
crisil.com, planetl.com, infoeuro.com, quest4law.com, Go4i.com,
zipahead.com, bidorbuy.com, Zdnet.com, Xcommerce.com, styleNet.com,
peugeotbank.de, citroenbank.de, Berlin.de, xerix.com, amazon.co.uk,
AVL.com, cahoot.com
<PAGE>
1999: Acquisition Track Record
================================================================================
[Bar Graph with arrow pointing up from 20 to 88]
Key Growth Driver
<PAGE>
1999: Dynamic Acquisition Growth
================================================================================
. 88 companies acquired
. 225M euro additional Gross Income
. 290M euro on a Pro forma full year basis
. For a total investment of 269M euro
<PAGE>
1999: Dynamic Acquisition Growth
================================================================================
. Divisional Breakdown of Acquisitions(1)
Euro RSCG 48%
CAMPUS 4%
MPG 25%
DAG 23%
. Regional Breakdown of Acquisitions(1)
EUROPE 62%
USA 23%
APAC 4%
LATAM 10%
. Breakdown of Acquisitions by Activity(1)
Traditional Advertising 27%
Marketing Services 73%
_______________________________
(1) On a Full Year Basis
<PAGE>
1999: Growth by Business Activity
================================================================================
Gross Income
Traditional Advertising: + 14.9%
Marketing Services: + 51.6%
Public Relations: + 101.1%
Healthcare: + 73.3%
Media: + 75.9%
<PAGE>
1999: Growth by Region
================================================================================
Gross Income
----------------------------
Like For
Like Basis Total
----------------------------
TOTAL + 12.7% + 38.2%
USA + 13.4% + 39.1%
Europe + 10.5% + 34.6%
of which France + 8.1% + 10.9%
Great Britain + 17.7% + 49.4%
Asia / Pacific + 14.0% + 48.1%
Latin America + 45.4% + 78.0%
----------------------------
<PAGE>
Snyder Acquisition
================================================================================
. In February, 2000 Havas Advertising announced the acquisition of
Snyder Communications
[snyder communications logo]
[Arnold Logo] [BOUNTY SCA [CIRCLE.COM [BRANN
WORLDWIDE Logo] Logo]
Logo]
<PAGE>
Snyder Acquisition -- A Perfect Strategic Fit
================================================================================
. Enhanced richness by division
. Expanded US presence
. Mix shift to faster growth/higher margin businesses
. Significantly accretive, immediately
. Client conflicts avoided
. Senior management continuity
<PAGE>
Exceeding Strategic Growth Objectives
18 Months Ahead of Plan
================================================================================
. Top 5 ranking worldwide
. 1998 Gross Income doubled to 2.0 billion euro
. 56+% Marketing Services
. 80+% outside of France ALL
. 40+% in the US EXCEEDED
. Major interactive force
. 40+% of client base in most dynamic growth sectors
. EBIT margin expansion to 14% by 2001
<PAGE>
Advertising Communications Group Ranking
================================================================================
1999 Gross Income
<TABLE>
<CAPTION>
[Bar Graph
showing gross
income of:]
$ billion
---------
<S> <C> <C> <C>
1. WPP Ogilvy & Mathy/J. Walter Thompson/Young & Rubican [UK Flag Icon] 6.68
2. Omnicom BBDO/DDB/TBWA/Ketchum [USA Flag Icon] 5.74
3. Interpublic Mc Cann/Lintas + Lowe [USA Flag Icon] 5.07
4. Havas Advertising* Euro RSCG Worldwide/Campus/DAG/MPG [France Flag Icon] 2.38
5. Dentsu [Japan Flag Icon] 2.10
6. B Com 3 Leo Burnett/DMB&B [USA Flag Icon] 1.93
7. Grey Advertising [USA Flag Icon] 1.57
8. True North Com FCB/Bozell [USA Flag Icon] 1.48
9. Publicis [France Flag Icon] 1.43
10. Hakuhodo [Japan Flag Icon] 0.82
11. Saatchi & Saatchi [UK Flag Icon] 0.73
12. Cordiant [UK Flag Icon] 0.71
</TABLE>
__________________________________________
Source: 2000 Ad Age, 1999 GI
* Pro forma estimates include Snyder.
<PAGE>
[Havas Advertising Logo]
<TABLE>
<CAPTION>
Bob Schmetterer Ed Eskandarian Fernando Rodes Jean-Michel Carlo
EURO RSCG WORLDWIDE C CAMPUS MEDIA PLANNING diversified agencies
GROUP
New York Boston Madrid Paris
<S> <C> <C> <C>
Bounty SCA will add Arnold will The media for Brann & circle.com
great Marketing reinforce Campus Arnold will will become the
Services strength to and become the reinforce Media leading companies in
Euro RSCG Worldwide. lead agency of the Planning USA the USA for the
Overall Euro RSCG second network Diversified Agencies
Marketing Services Group
will now rank #2
Worldwide.
[BOUNTY SCA [ARNOLD Logo] [ARNOLD [circle.com
WORLDWIDE Media Logo] Logo]
Logo]
[BRANN Logo]
</TABLE>
A decentralized and multicultural company
<PAGE>
Balanced and Rich Client Base
================================================================================
<TABLE>
<S> <C> <C>
[Nasdaq AMEX logo] [Red Lobster logo] [Midas logo]
[Air France logo] [Sara Lee logo] [Nestle logo]
[Volvo logo] [MCI WorldCom logo] [Airbus Industrie logo]
[Vodafone Airtouch logo] [Philips logo] [Kraft logo]
[Intel logo] [LVMH logo] [SmithKline Beecham logo]
[France Telecom logo] [L'Oreal logo] [JP Morgan logo]
[Canal + logo] [Citroen logo] [American Express logo]
[Telefonica logo] [Cegetel logo] [Alcatel logo]
[Carrier logo] [P&G logo] [Dell logo]
[Universal Studio logo] [Microsoft logo] [GlaxoWellcome logo]
[Orange logo] [Peugeot logo] [Lucent Technologies logo]
[Danone logo] [Tesco logo] [Credit Lyonnais logo]
[Brystol-Myers Squibb Company logo]
</TABLE>
<PAGE>
Without Divisional Conflict
================================================================================
<TABLE>
<S> <C> <C>
[Nasdaq AMEX logo] [Red Lobster logo] [Midas logo]
[Air France logo] [Sara Lee logo] [Nestle logo]
[Volvo logo] [MCI WorldCom logo] [Airbus Industrie logo]
[Philips logo] [Kraft logo] [Vodafone Airtouch logo]
[Intel logo] [LVMH logo] [SmithKline Beecham logo]
[France Telecom logo] [L'Oreal logo] [JP Morgan logo]
[Canal + logo] [Citroen logo] [American Express logo]
[Telefonica logo] [Cegetel logo] [Alcatel logo]
[Carrier logo] [P&G logo] [Dell logo]
[Universal Studio logo] [Microsoft logo] [GlaxoWellcome logo]
[Orange logo] [Peugeot logo] [Lucent Technologies logo]
[Danone logo] [Tesco logo] [Credit Lyonnais logo]
[McDonald's logo] [Fleet logo] [Brystol-Myers Squibb Company logo]
[Aol.com logo] [Wsj.com logo] [Clorox logo]
[Converse logo] [Voltswagon logo] [Visa logo]
[3M logo] [Heinz logo] [BMG Entertainment logo]
[IBM logo] [Kraft logo] [The Hartford logo]
[GE logo] [Coca Cola logo] [GAP logo]
[Titleist logo] [Motorola logo] [UPS logo]
[Bell Atlantic logo] [GTE logo] [Energizer logo]
[Mobil logo] [Lego logo] [Talbots logo]
[Polaroid logo] [Gillette logo] [Barclays logo]
[BT logo] [Playskool logo] [Colgate-Palmolive logo]
[Bayer logo]
</TABLE>
<PAGE>
Major Share of Most Dynamic Client Categories
================================================================================
<TABLE>
<CAPTION>
FINANCIAL MEDIA /
TELECOM SERVICES HIGH-TECH NEW MEDIA HEALTHCARE
------- ---------- --------- --------- ----------
<S> <C> <C> <C> <C>
Cegetel Abbey National Alcatel Amazon.com American Home Products
France Telecom American Express Dell BMG Entertainment Bayer
Lucent Barclays Intel Canal + Bristol Myers Squibb
Worldcom BNP Microsoft CNN.com GlaxoWellcome
Orange Comm. First US Bank Philips The Independent Novartis
Telefonica JP Morgan Storage Tek Tom.com Parke Davis
Vodafone KPMG Aol.com Universal Studios Pfizer
AT&T Nasdaq AMEX IBM Columbia House Rhone Poulenc
Bell Atlantic Oppenheimer Motorola Disney Schering Plough
British Telecom Prudential Myway.com Wsj.com Smithkline Beecham
GTE The Hartford Sony Merck
InfoSpeed Wells Fargo Yahoo! Pharmacia Upjohn
Sprint Bank of America Roche
E trade
-------------------------------------------
First National [Legend:
(white box) Havas Advertising Clients
Fleet (dark gray box) Snyder Clients]
-------------------------------------------
US Bancorp
</TABLE>
<PAGE>
Greater Divisional Balance in Gross Income
================================================================================
1999 Pro Forma 2000
---- --------------
[Pie Chart] [Pie Chart]
34% of Pie Chart: 48% of Pie Chart:
Campus Campus
Diversified Agencies Group Diversified Agencies Group
Media Planning Group Media Planning Group
66% of Pie Chart: 52% of Pie Chart:
Euro RSCG Worldwide Euro RSCG Worldwide
[Legend]
______________________________
Pro forma
<PAGE>
Greater Geographic Balance
================================================================================
1999 Pro Forma 2000
---- --------------
[Pie Chart] [Pie Chart]
France 24% France 16%
LATAM 5% LATAM 3%
APAC 5% APAC 3%
USA 31% USA 45%
Europe 35% Europe 33%
______________
Pro forma
<PAGE>
More Attractive Product Mix
================================================================================
1999 Pro Forma 2000
---- --------------
[Pie Chart] [Pie Chart]
Marketing Services 55% Marketing Services 60%
Advertising 40% Advertising 45%
______________
Pro forma
<PAGE>
Marketing Services Leadership
================================================================================
Ranked By Gross Income
[Bar Graph]
Millions $
----------
1. Brann Worldwide 479
2. The Sales Machine Euro RSCG 367
3. Oglivy One Worldwide 318
4. Draft Worldwide 314
5. Rapp Collins Worldwide 312
6. Impiric 311
7. Digitas 187
8. Carlson Marketing Group 184
9. Grey Marketing Group 135
10. McCann Relationship Marketing 122
____________
Source: DMA 2000
<PAGE>
Interactive Leadership
================================================================================
. Extremely well-positioned in fastest growing segment:
[Logos for Circle.com, Euro RSCG Interaction, and ConnectWorld]
. Euro RSCG ranked #1 network among global advertising companies*
. Solid interactive platform across all four operating divisions
supporting a very strong international client base
. Circle.com adds significant on-line advertising strengths
___________________________________
* 2000 Adweek Survey
<PAGE>
Strengthened Top Management Talent
================================================================================
. Four new outstanding CEO's committed to continue
. Ed Eskandarian ARNOLD
. Dennis Eastham BRANN
. Steven Kaplan BOUNTY
. Bob Wilke CIRCLE.COM
. Forty new senior managers
<PAGE>
Snyder Acquisition Financial Analysis
================================================================================
Highlights
. Valued at $29.50 per share: $2.1bn in total
. Paid in Havas Advertising ADR's listed on the US market
. Protective collar mechanism
. Shareholder lock-up
. Pooling of interests accounting method under French GAAP (no
additional goodwill on the transaction)
. Accretive in Year 1
. Synergies expected from top line growth and cost savings
<PAGE>
Snyder Acquisition Financial Analysis
================================================================================
Snyder Key Metrics
. Strong growth prospects for each of the 3 Snyder divisions = 15 to 20%
per year (organic)
. Overall profitability around 15% (EBIT / GI)
. Strengthening of the interactive capabilities with Circle.com
- Tracking stock
- Voting control by Havas Advertising
- 17% economic interest
- 50% annual growth
- EBITDA breakeven anticipated in 1Q2001
<PAGE>
Status of Merger Process
================================================================================
. Antitrust filings (US and Europe) cleared
. Parallel filings with COB and SEC in process
. 20 for 1 stock split to prepare for ADR
. On track for closing this summer
<PAGE>
The New Organization: Division by Division
================================================================================
[Havas Advertising Logo]
[Euro RSCG [C CAMPUS [MEDIA PLANNING [diversified agencies
Worldwide Logo] Logo] GROUP Logo] logo]
New York Boston Madrid Paris
Europe USA Europe Europe
North America Europe North America North America
APAC LATAM LATAM
LATAM
[Circle.com Logo]
[Bounty SCA
Worldwide Logo]
A decentralized and multicultural company
<PAGE>
The New Euro RSCG Worldwide*
================================================================================
. 5th largest Global Agency Network Worldwide
- A top 10 in more than one half the countries Euro RSCG Worldwide
in which we operate
New York
. 6th largest Global Agency Network in the US
Europe
. 2nd largest Marketing Services Network North America
APAC
- Representing 48% of total Euro RSCG GI LATAM
- New targeted consumer access capability [Bounty SCA
Worldwide
. Largest Interactive Network among global Logo]
advertising companies
. 3rd largest Healthcare Network
____________________
Rankings based on industry sources
<PAGE>
The New Campus
================================================================================
. Gross income three times larger
. New U.S. based leadership and strength __________
. Improved geographic balance C Campus
__________
-- 51% USA, 48% Europe, 1% LATAM Boston
__________
. Worldwide creative recognition USA
Europe
-- Cannes Grand Prix plus dozens of other LATAM
major creative awards
__________
. New clients with substantial
international potential
. Outstanding talent, growth and profitability
<PAGE>
The New Media Planning Group
================================================================================
___________________
. Contribution of an estimated $1 billion MEDIA PLANNING
of new billings from Arnold Media GROUP
. Consolidating worldwide position ___________________
MADRID
. Expanding specialization on new media ___________________
Europe
North America
-- Arena Network LATAM
-- The Media Contacts Network
. Exceptional management team
. Solid financial partners to support
growth in developing markets
<PAGE>
The New Diversified Agencies Group
================================================================================
. #1 ranked direct marketer worldwide ______________________
. Gross income two times larger diversified agencies
. Interactive revenue three times ______________________
. A depth of new senior management talent Paris
______________________
. New blue chip clients Europe
North America
. Stronger U.S. presence
-- 35% of GI vs. 16% [Logo for Circle.com]
. Strong focus on 1 to 1 and customer
relationship marketing
<PAGE>
The New Havas Advertising* - Scale
================================================================================
. Top tier global communications company
. Decentralized, multicultural strategy
. Expanded interactive leadership
. 4 divisions, 300 agencies, 20,000 staff members,
75 countries
____________________
* Pro forma estimates including Snyder
<PAGE>
The New Havas Advertising* - Growth
================================================================================
. 20 billion euro in annual billings, 2.2 billion euro in gross income
. 50% of gross income from categories growing at double
industry rate
. Gross income 45% from US
. Gross income 60% from marketing services
. EBIT margin to reach 15% by 2001
________________
*Pro forma estimates including Snyder
<PAGE>
2000 Objectives
================================================================================
. Pro Forma Gross Income Growth * 20%
. Pro Forma Organic Growth * 10%
. EBIT/GI + 100 basis points to reach 15% during the
second half of 2001
* denotes greater than.
<PAGE>
Q1 2000: Growth
================================================================================
Gross Income
. Unadjusted +39.5%
. Constant Scope +20.4%
. Constant Scope and Currency +12.2%
<PAGE>
Q1 2000: Strong New Business Growth
================================================================================
Net new billings
(M euro)
Euro RSCG Worldwide 460
CAMPUS 55
MEDIA PLANNING GROUP 402
DIVERSIFIED AGENCIES GROUP 128
-------
1,045 M euro
<PAGE>
Q1 2000: Major Account Gains
================================================================================
. Traditional
Air France/Delta Alliance* - CNN* - United Technologies* -
Subway - Liberty Surf - Lucent - Leclerc - Reckitt Benckiser -
Blockbuster - Bristol-Myers Squibb
. Dot.com (20% of new business wins)
CNN.com - Amazon.com - Schering-Myhealth.com - Gazoontite.com -
Alibaba.com - Igold - OzEcom - Tom.com - E-loans.com -
Amelia.com.br - Demasiado.com - Ze Bank - Europ@web - Fortuneo.fr -
---------
Mymaison.com - planetepresse.com - Expocentric.com - Free
Markets.com - Brandwise.com -
Blockbuster.com
____________________
* Global / Multinational
<PAGE>
Q1 2000: Continued Acquisition Growth
================================================================================
. 12 Companies announced to date, 7 in Q1
-- Consulting
-- Interactive
-- Marketing Services
-- Corporate Relations
-- Healthcare
-- Sports Marketing
<PAGE>
Key Attributes Attract
a Broader Base of Investors
================================================================================
. Future US stock market listing
. Management compensation aligned with
shareholder interests
. Share repurchase program authorized
. Annual dividend increase of 15.4%
. 20 for 1 stock split
<PAGE>
Why Havas Advertising
================================================================================
. World's 4th largest communications group*
. Continuing to achieve industry leading growth
. Optimizing geographic footprint/product mix
. Balance and richness in client base
. Flawless execution/integration of acquisitions
. Strong financial position to fund growth
. Senior management depth to support global growth
and expansion
________________________________
* Pro forma estimates including Snyder
<PAGE>
[Havas Advertising Logo]
