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
<PAGE>
[VIVENDINET LOGO]
PHILIPPE GERMOND
ANALYST PRESENTATION
[VIVENDI UNIVERSAL LOGO]
<PAGE>
[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.
<PAGE>
[VIVENDINET LOGO]
VIVENDINET - TABLE OF CONTENTS
- VivendiNet overview
- Thematic portals
- E-Nablers
- E-Vestor
- Vizzavi
- Summary
[VIVENDI UNIVERSAL LOGO]
<PAGE>
[VIVENDINET LOGO]
VIVENDINET - STRUCTURE
<TABLE>
<CAPTION>
E-VESTOR E-NABLERS
<S> <C> <C> <C> <C> <C>
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]
</TABLE>
<TABLE>
<CAPTION>
E-PORTALS
<S> <C> <C> <C> <C> <C> <C>
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]
</TABLE>
[VIVENDI UNIVERSAL LOGO]
<PAGE>
[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]
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[VIVENDINET LOGO]
VIVENDINET - STRATEGY
<TABLE>
<CAPTION>
MUSIC GAMES: FLIPSIDE SPORT MOVIES: ALLOCINE EDUCATION TRANSACTION: SCOOT ... OTHER THEMATIC ...
PORTALS
Preferred Arm's length
relationships relationships
<S> <C> <C>
I(FRANCE) VIZZAVI OTHER PORTALS
</TABLE>
[VIVENDI UNIVERSAL LOGO]
<PAGE>
[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]
<PAGE>
[VIVENDINET LOGO]
THEMATIC PORTALS
[VIVENDI UNIVERSAL LOGO]
<PAGE>
[VIVENDINET LOGO]
VIVENDINET - THEMATIC PORTALS
<TABLE>
<CAPTION>
E-VESTOR E-NABLERS E-PORTALS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
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]
</TABLE>
[VIVENDI UNIVERSAL LOGO]
<PAGE>
[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]
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[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]
<PAGE>
[VIVENDINET LOGO]
[SCOOT LOGO]
[WEB GRAPHIC]
[VIVENDI UNIVERSAL LOGO]
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[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]
<PAGE>
[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]
<PAGE>
[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]
<PAGE>
[VIVENDINET LOGO]
ALLOCINE
[WEB GRAPHIC]
[VIVENDI UNIVERSAL LOGO]
<PAGE>
[VIVENDINET LOGO]
E-NABLERS
[VIVENDI UNIVERSAL LOGO]
<PAGE>
[VIVENDINET LOGO]
VIVENDINET - E-NABLERS
<TABLE>
<CAPTION>
E-VESTOR E-NABLERS E-PORTALS
<S> <C> <C>
100% [AD 2-ONE LOGO]
100% [E-GLUE LOGO]
</TABLE>
[VIVENDI UNIVERSAL LOGO]
<PAGE>
[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]
<PAGE>
[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]
<PAGE>
[VIVENDINET LOGO]
E-VESTOR
[VIVENDI UNIVERSAL LOGO]
<PAGE>
[VIVENDINET LOGO]
VIVENDINET-E-VESTOR
<TABLE>
<CAPTION>
E-VESTOR E-NABLERS E-PORTALS
<S> <C> <C> <C> <C> <C>
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]
</TABLE>
[VIVENDI UNIVERSAL LOGO]
<PAGE>
[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]
<PAGE>
[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]
<PAGE>
[VIVENDINET LOGO]
[VIZZAVI LOGO]
[VIVENDI UNIVERSAL LOGO]
<PAGE>
[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]
<PAGE>
[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]
<PAGE>
[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]
<PAGE>
[VIVENDINET LOGO]
VIZZAVI - GEOGRAPHICAL ROLL-OUT
[VIZZAVI LOGO]
[MAP GRAPHIC]
Launch in 2000
Launch in 2001
[VIVENDI UNIVERSAL LOGO]
<PAGE>
[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]
<PAGE>
[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]
<PAGE>
[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]
<PAGE>
[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]
<PAGE>
[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]
<PAGE>
[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]
<PAGE>
[VIVENDINET LOGO]
SUMMARY
[VIVENDI UNIVERSAL LOGO]
<PAGE>
[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]
<PAGE>
[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]
<PAGE>
[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]
<PAGE>
[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]
<PAGE>
[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]
<PAGE>
[VIVENDINET LOGO]
VIVENDI UNIVERSAL.NET: THE WAY FORWARD
<TABLE>
<CAPTION>
Hot Customer Content
<S> <C> <C> <C> <C>
[UNIVERSAL MUSIC] [UNIVERSAL MOVIES] [CANAL + TV] [HAVAS GAMES] [HAVAS EDUCATION]
</TABLE>
Aggregation/Incubation
[VIVENDI UNIVERSAL.NET]
<TABLE>
<CAPTION>
Customer Bases
<S> <C> <C> <C> <C>
[CANAL + PAY TV] [CEGETEL/SFR] [HAVAS] [UNIVERSAL] [VODAFONE]
</TABLE>
[VIVENDI UNIVERSAL LOGO]
<PAGE>
[VIVENDINET LOGO]
APPENDIXES
[VIVENDI UNIVERSAL LOGO]
<PAGE>
[VIVENDINET LOGO]
VIVENDINET'S CONSOLIDATION PERIMETER
<TABLE>
<CAPTION>
OWNERSHIP CONSOLIDATION
SUBSIDIARY (%) METHOD REVENUE MODEL/DRIVERS BREAKEVEN TARGET
--------------- -------- ----------------- ----------------------------------------- --------------------
<S> <C> <C> <C> <C>
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
</TABLE>
<TABLE>
<CAPTION>
OWNERSHIP CONSOLIDATION
SUBSIDIARY (%) METHOD E-INVESTOR /E-CUBATOR
--------------- -------- ----------------- -----------------------------------------
<S> <C> <C> <C>
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
</TABLE>
[VIVENDI UNIVERSAL LOGO]
<PAGE>
[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]
<PAGE>
[VIVENDINET LOGO]
FLIPSIDE.COM
<TABLE>
<CAPTION>
==================================== ========================================
AUDIENCE
KEY ACHIEVEMENTS (WWW.FLIPSIDE.COM)
==================================== ========================================
<S> <C>
- 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
------------------------------------ ----------------------------------------
</TABLE>
[VIVENDI UNIVERSAL LOGO]
<PAGE>
[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]
<PAGE>
[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]
<PAGE>
[VIVENDINET LOGO]
CANALNUMEDIA
<TABLE>
<CAPTION>
==================================== ========================================
AUDIENCE
VISION & STRATEGY (WWW.CANALPLUS.FR)
==================================== ========================================
<S> <C>
- 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)
------------------------------------ ----------------------------------------
</TABLE>
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<PAGE>
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BONJOUR
<TABLE>
<CAPTION>
==================================== ========================================
KEY ACHIEVEMENTS TRAFFIC (BONJOUR.FR)
==================================== ========================================
<S> <C>
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
------------------------------------ ----------------------------------------
</TABLE>
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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
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CADRES ONLINE
<TABLE>
<CAPTION>
==================================== ========================================
KEY ACHIEVEMENTS AUDIENCE
(WWW.CADRESONLINE.COM)
==================================== ========================================
<S> <C>
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
------------------------------------ ----------------------------------------
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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
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<PAGE>
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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.
====================================== ====================================
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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
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<PAGE>
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01.NET
==================================== ========================================
AUDIENCE
KEY ACHIEVEMENTS (WWW.01NET.COM)
==================================== ========================================
PAGE VIEWS (M) (SOURCE: DART)
- LEADING INFORMATION TECHNOLOGY [BAR CHART]
WEB SITE IN FRANCE <TABLE>
<CAPTION>
- VERSION 2 OF SITE LAUNCHED IN <S> <C>
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 </TABLE>
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
------------------------------------ ----------------------------------------
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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
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<PAGE>
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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 <TABLE>
FRANCE FINANCE CHANNEL <CAPTION>
<S> <C>
- 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 </TABLE>
----------------------------------------
- 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...)
------------------------------------ ----------------------------------------
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<PAGE>
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[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
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<PAGE>
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@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
------------------------------------ ----------------------------------------
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<PAGE>
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@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
------------------------------------ ----------------------------------------
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@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.
------------------------------------ ----------------------------------------
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@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
------------------------------------ ----------------------------------------
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@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
------------------------------------ ----------------------------------------
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<PAGE>
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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, ...
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