March 2015 – Confidential 0Banzai S.p.A. April 2016 0Banzai S.p.A. April 2016

Q1 16

PRELIMINARYREVENUES

ConferenceCallApril21,2016

March 2015 – Confidential 1Banzai S.p.A. April 2016 1Banzai S.p.A. April 2016

DISCLAIMER

ThispresentationhasbeenpreparedbyBANZAIS.p.A.forinformationpurposesonlyandforuseinpresentationsoftheGroup’sresultsandstrategies.ForfurtherdetailsontheBANZAIGroup,referenceshouldbemadetopubliclyavailableinformation.Statementscontainedinthispresentation,particularlyregardinganypossibleorassumedfutureperformanceoftheGroup,areormaybeforward-lookingstatementsbasedonBANZAIS.p.A.’s currentexpectationsandprojectionsaboutfutureevents,andinthisrespectmayinvolvesomerisksanduncertainties.Actualfutureresultsforanyquarterorannualperiodmaythereforediffermateriallyfromthoseexpressedinorimpliedbythesestatementsduetoanumberofdifferentfactors,manyofwhicharebeyondtheabilityofBANZAIS.p.A.tocontrolorestimateprecisely,including,butnotlimitedto,theGroup’sabilitytomanagetheeffectsoftheuncertaincurrentlocalandglobaleconomicconditionsonourbusinessandtopredictfutureeconomicconditions,theGroup’sabilitytoachieveandmanagegrowth,thedegreetowhichBANZAI S.p.A.entersinto,maintainsanddevelopscommercialandpartnershipagreements,theGroup’sabilitytosuccessfullyidentify,develop andretainkeyemployees,manageandmaintainkeycustomerrelationshipsandmaintainkeysupplysources,unfavourabledevelopmentaffectingconsumerspending,therateofgrowthoftheInternetandonlinecommerce,Italianadvertisingmarket,competition,fluctuations inexchangerates,anyfailureofinformationtechnology,inventoryandotherassetrisk,creditriskonouraccounts,regulatorydevelopmentsandchangesintaxlaws.BANZAIS.p.A.doesnotundertakeanyobligationtopubliclyreleaseanyrevisionstoanyforward-lookingstatementstoreflecteventsorcircumstancesafterthedateofthispresentation.AnyreferencetopastperformanceoftheBANZAIGroupshallnotbetakenasanindicationoffutureperformance.Thisdocumentdoesnotconstituteanofferorinvitationtopurchaseorsubscribetoanysharesandnopartofitshallformthebasisoforberelieduponinconnectionwithanycontractorcommitmentwhatsoever.Byattendingthepresentationyouagreetobeboundbytheforegoingterms.

March 2015 – Confidential 2Banzai S.p.A. April 2016 2Banzai S.p.A. April 2016

PRESENTINGTODAY

• JoinedBanzaiin2015

• CEOandGMofItalianlistedpublisherRCSMediaGroup in2012-2015

• Microsoft’sCEOinItaly

• CFOofInternetDivisioninMatrix,SeatGroup/TelecomItalia.

PietroScottJovaneCEO

BanzaiGroup

• FoundedBanzaiin2007

• SoldittoSEATPagineGialle in1999,runningtheonlinebusinessuntil2002

• LaunchedVirgilio,themajorItalianinternetportal,in1994

PaoloAinioFounder&Executive

Chairman

3Banzai S.p.A. April 2016

AGENDA

Q116Revenue Highlights

Q116BusinessAchievements &Initiatives

Appendix:MarketScenario

March 2015 – Confidential 4Banzai S.p.A. April 2016 4Banzai S.p.A. April 2016

BANZAI:THENATIONALE-COMMERCE LEADER

1 LOCALE-COMMERCECHAMPION FOCUSEDONCAPTURINGAHIGH-POTENTIAL,FAST-GROWINGMARKET

2AUNIQUEVALUEPROPOSITION TAILOREDTOTHEITALIANMARKET,SUPPORTEDBYAFLEXIBLEANDSCALABLEPLATFORM

SIGNIFICANTTRACKRECORD ANDREVENUEGROWTHTOGENERATEVALUE THROUGHSCALE&RELEVANCE,INORDERTOREACHPROFITABILTY

3

#1Italian

e-CommercePlayer

€244MRevenuesTTMQ116

106Pick&Pay312Lockers

(1) GMV(Gross Merchandise Volume): it includes revenue from products, deliveries and revenue from 3Pmarketplace, netof returns and VATincluded.VerticalContent not included intheperimeter.

+29%Q1GMVYoY

(1)

March 2015 – Confidential 5Banzai S.p.A. April 2016 5Banzai S.p.A. April 2016

BANZAI:HIGHLIGHTSOFTHEQUARTER

1

2

3

GMVup29%YoY, thankstostronggrowthofMarketplace;thisaddsonthec.20%YoYrevenuegrowth,mainlydrivenbyc.+28%YoYrevenuesinElectronics&Appliances(c.+38%intermsofGMV)

LaunchedIntegratedMobilePlatform,tosupportPremiumDeliveryandInstallationServicesintheMilanArea

EnteredexclusivenegotiationsoverpotentialsaleofVerticalContentdivision

(1) GMV(Gross Merchandise Volume): it includes revenue from products, deliveries and revenue from 3Pmarketplace, netof returns and VATincluded. VerticalContent not includedinthe perimeter.

March 2015 – Confidential 6Banzai S.p.A. April 2016 6Banzai S.p.A. April 2016

Source: Banzai re-elaboration onForrester Research Online Retail Forecast and internal estimates, 2016

E-COMMERCE:BANZAIGREW2X CORETECHMARKET

2015-2020e-CommerceCAGREU(%)

+16% +10%

+9% +10%

OfflineTech&AppliancesMarketJan/Feb16A

OnlineTech&AppliancesMarketJan/Feb16A

Tech&AppliancesBanzaiQ116GMVYoY

+1.8% +16% +37.9%

COREMarketTECHinItaly(%growth)

1,3 1,5 1,7 1,9 2,2 2,4 2,7 3,01,9 2,3

2,83,4

4,04,7

5,46,3

1,62,0

2,42,9

3,4

3,9

4,5

5,2

4,85,8

7,08,2

9,511,0

12,7

14,5

2013A 2014A 2015A 2016E 2017E 2018E 2019E 2020E

Books,Media,Ticketing&Other Apparel,Accessories,Furniture&ToysTech&Appliances

Core Market BANZAI

Italiane-CommerceMarket(€BN) OnlineChannelSharebyCategory(%)

10,9% 12,1%14,3%

16,8%19,6%

22,8%26,4%

3,6% 4,5% 5,5% 6,5% 7,7% 9,0% 10,3%

2,4% 2,9% 3,4% 4,0% 4,6% 5,3% 6,0%

2014A 2015E 2016E 2017E 2018E 2019E 2020E

Books,Media,Ticketing&Other Apparel,Accessories,Furn.&ToysTech&Appliances

(1) MarketDataasof end of February 2016,March stillunder review(2) GMV(Gross Merchandise Volume): it includes revenue from products, deliveries and revenue from 3Pmarketplace, netof returns and VATincluded.

(1)(1)

March 2015 – Confidential 7Banzai S.p.A. April 2016 7Banzai S.p.A. April 2016

Source: Nielsen DigitalSurvey 2014-2016, FCPOnline ;(*) Nielsen estimate based on FCP+ search and social; ( **)includes Cinema andOut of Home. FCPMarketdoes not include Facebook andGoogle ADVrevenues.(1) dataas ofend of February 2016, FCPmarket view excludes international players(2) dataas ofend March 2016, +6%organic growth without AdKaora revenue inthe perimeter

VERTICALCONTENT:BANZAISTRONGLY OUTPERFORMED THEREFERENCE MARKET

+1,5% +1.2%

ItalianADVMarketyearlyvalue2014-2016(€MLN) ItalianADVMarketByChannel(€ ‘000)

FCP InternetMarketJan/Feb16A

VerticalContentBanzaiMediaQ116

+2.2% +19.7%

FCPOnlineMarketinItaly(%growth)(1) (2)

Channel Jan/Feb2015 Jan/Feb2016 YoY

Print 152,327 148,447 -2.5%

TV 573,541 609,941 6.3%

Radio 51,911 52,846 1.8%

InternetFCP 61,052 62,391 2.2%

DirectMail 49,764 45,973 -7.6%

Other 24,968 27,947 11.9%

Total 913,563 947,545 3.7%

7.8097.926

8.021

2014 2015 2016F

March 2015 – Confidential 8Banzai S.p.A. April 2016

Q116:BANZAI CONSOLIDATEDTTM1 REVENUES

• Groupposted c.26%TTMgrowth inrevenues and36%inTTMGMVYoY.

• SteadygrowthinTTMsalesgrowth,outperformingcompetitorsinbothe-Commerceandmediareferencemarkets.

• ContinuedexceptionallystrongperformanceinElectronics&Appliances,withMDAcontinuouslybeingthehighlight:ePRICE’s leadershipisconfirmed.

189 201 216 234 260 273

185 193 203 217 235 244

23% 24%

27%

33%37%

36%

21% 20%

22%25%

27%26%

-02%

03%

08%

13%

18%

23%

28%

33%

38%

43%

0

50

100

150

200

250

300

350

400

450

Q414 Q115 Q215 Q315 Q415 Q116

GMVTTM RevenueTTM GrowthGMVTTM GrowthRevenueTTM

SteadygrowthdrivenbyElectronics&Appliances

9Banzai S.p.A. April 2016

Strong GMVgrowth outperformsmarket

(Revenues&GMV in€MLN,Growth%compared topreviousyear)

Focusing revenue growth onhighticketcategories

(1) GMV(Gross Merchandise Volume): it includes revenue from products, deliveries and revenue from 3Pmarketplace, netof returns and VATincluded.VerticalContent not included intheperimeter.

REVENUE GROWTH SUSTAINEDALSO BY START UP OF 3P MARKETPLACE

1

51,9

67,0

Q115 Q116

(TotalRevenues in€ MLN,Growth%compared toprevious year)

49,7

59,5

Q115 Q116

10Banzai S.p.A. April 2016

Q116:REMARKABLE GROWTH INCORECATEGORIES

(Revenues in€MLN)

Electr.&AppliancesApparel&Other

ServicesVerticalContent

+19.6%e-Commerce“core” YoY +27.7%

+4.8%

+3.1%

+19.8%

+21.2%e-Commerce“core”

Q1onQ1

• Steady growth of revenues in both divisions, driven by Electronics & Appliances, despite slightly unfavorablecalendar due to the Easter break.

• Electronics & Appliances: +27.7% YoY (c. 2x reference market in terms of GMV), thanks to an improvedpricing strategy, strong growthon MDAsand SDAs, and a sound result on IT/Telecom (SamsungS7 launch).

• Apparel: positive trend, within amore maturemarket.• Services:growinginfo-commercerevenues,offsettingtoughcomparisononfree-shippingandphase-outof

B2Bindirectsales.• Vertical Content: +19.8% (vs a flat referencemarket), thanks to organic growth and consolidation of AdKaora,

empowering mobile ADV solutions.

29,237,3

11,6

12,23,8

4,05,0

6,149,7

59,5

Q115 Q116

(1) Including Flash Sales (1)

11Banzai S.p.A. April 2016

1.489 1.537

Q415TTM Q116TTM

236

270

Q115 Q116

128138

Q115 Q116

AverageOrderValue(1)

(in€)

Q116:HEALTHY CUSTOMER KPIS DRIVEGROWTH

(1) 3PMarketplace Included(2) Spending perBuyer is calculated on revenue from products, deliveries and revenue from 3Pmarketplace, net of returns and VATincluded

AverageSpending perBuyerQ116(2)

(in€)

NumberofOrders TTM(1)

(‘000)

369 387

338 349

Q415TTM Q116TTM

New

Returning

707736

BuyersTTM(1)

(#ofbuyersin‘000)

151 163

69 90

Q115 Q116

New

Returning

220252

BuyersQ116(1)

(#ofbuyersin‘000)

NumberofOrdersQ116(1)

(‘000)333,0

398,4

Q115 Q116

Banzai S.p.A. April 2016 12Banzai S.p.A. April 2016

Choose delivery

slot online

Know who is coming

Fill checklist

& pics

Track technician

Modify schedule

(if needed)

Give rating &

feedback

ePRICE HOMESERVICE:MOBILE-ENABLED,TRUSTEDPROFESSIONALNETWORKDEDICATEDTOMDAs&SMARTHOMEPRODUCTS

(1) WEEE:Waste Electrical &Electronic Equipment Directive(2012/19/EU).(2) Based onabout 900feedbacks

RICHCUSTOMERCENTRICPROPOSITION

Luglio 2015 – Confidential

255 0 0

187 2 2

128 0 0

127 127 127

191 191 191

255 132 132

Draft Ore 13:00, un’ora prima dell’appuntamento ufficiale

12

APPUNTAMENTI L’orario di arrivo previsto viene aggiornato sulla base dei reali spostamenti dei tecnici, del traffico, dell’agenda ecc. L’arrivo previsto comunica dunque un orario preciso. Il widget aggiorna le informazioni: via la to-do list e appare il monitor dell’arrivo.

Luca F.corriere ePrice

Consegna in casa, Apertura prodotto, Posizionamento in stanza, Ritiro RAEE

AbitazioneMIlano

ORDINE n. 3214243214 Lavatrice Samsung WW80H7400EW

Posizione 4 foto

Date le info fornite sembra non ci siano ostacoli al servizio

TO-DO LIST

100%

Elenco delle azioni e dei controlli che devi fare prima dell’arrivo del tecnico. Ne va la buona riuscita della consegna. Man mano che procedi spunta le azioni fatte, altrimenti continueranno ad esserti notificate.

Da fare per 12 ottobre ore 14:00Crea lo spazio per la nuova lavatrice, se c’è la vecchia lavatrice devi spostarla

0 azioni da fare

To do list

Grazie, ci sono tutte le condizioni per evitare extra costi

APPUNTAMENTO

Mart. 12 ottobreOra: 14:00-16:00stima durata: 30 min

in orario

ARRIVO PREVISTOore 14:50

Martedi12 ottobre

Oggi Notifiche

ePRICE

Il tuo appuntamento

ARRIVO PREVISTO

14:50 in orario

ORE 13:00

Luglio 2015 – Confidential

255 0 0

187 2 2

128 0 0

127 127 127

191 191 191

255 132 132

Draft Ore 14:05, live tracking

14

LIVE TRACKING

•  Indirizzo del cliente •  Mappa con posizione cliente e posizione del

tecnico •  Percorso stradale evidenziato •  Informazioni di dettaglio sul tecnico: foto,

nome, qualifica e rating •  Informazioni di andamento: minuti previsti

all’arrivo e segnalazione in tempo/in ritardo •  Azioni: invia un messaggio SMS o chiama il

tecnico. Le azioni sono disponibili solo nel live tracking in modo da incoraggiare il contatto diretto con il tecnico solo per reale necessità.

SMS

Arriva in

45 minuti

Luca F.corriere ePrice

in orario

via vicolocontorto 42, 2 piano, scala B20153, MI

CHIAMA

Luglio 2015 – Confidential

255 0 0

187 2 2

128 0 0

127 127 127

191 191 191

255 132 132

Draft Ore 15:40, intervento concluso

18

A fine intervento il Live Tracking si conclude e si trasforma nella schermata di richiesta feedback. Intanto la pagina degli appuntamenti si aggiorna con l’ultimo status. Anche da qui è attiva la scorciatoia (pulsante) che porta alla votazione. Se il cliente non compila il rating adesso, ritroverà la scheda nella sezione Recensioni e verrà sollecitato con alert e banner.

Dai un voto a: Luca F.

corriere ePrice

in ritardo

Sei soddisfatta della qualità del nostro tecnico? Il suo comportamento è stato

professionale?

VOTA

lo voglio come tecnico preferito

Luca F.corriere ePrice

Consegna in casa, Apertura prodotto, Posizionamento in stanza, Ritiro RAEE

AbitazioneMIlano

ORDINE n. 3214243214 Lavatrice Samsung WW80H7400EW

Posizione 4 foto

Date le info fornite sembra non ci siano ostacoli al servizio

TO-DO LIST

100%

Elenco delle azioni e dei controlli che devi fare prima dell’arrivo del tecnico. Ne va la buona riuscita della consegna. Man mano che procedi spunta le azioni fatte, altrimenti continueranno ad esserti notificate.

Da fare per 12 ottobre ore 14:00

Crea lo spazio per la nuova lavatrice, se c’è la vecchia lavatrice devi spostarla

0 azioni da fare

To do list

Grazie, ci sono tutte le condizioni per evitare extra costi

Durata intervento: 35 min

ARRIVATOore 15:05

DESIGNEDFORSCALE&DIFFERENTIATION

RolloutinprogressPlannedshorttermPotentiallongterm

ü Freelanceprofessionals=lightassetü Mobile-enabled=realtime e2econtrolü Feedback-based=drivesNPSabove70(2)

ü Scalableplatform,designedforthefuture

ü Geoexpansionfollowingvolumes&saturationü Serviceexpansiontowardssmarthomeproductsü Bundlingofproducts&services=solutionsü PotentiallyopentoB2Bcustomers

Nowoffering:delivery,installation&WEEErecycling(1) ofmajordomesticappliances.Soon:muchmore.

13Banzai S.p.A. April 2016

ePRICE – MARKETPLACEISGENERATINGNEWVALUEINTERMSOFCHOICEANDGMV

>2x >2x

Marketplace:Number ofSellers,UniqueProducts (‘000)

ü Onaverage,3Pmarketplaceadds3-4newofferson

currentlyexistingSKUs

ü MarketplaceweightonGMVtrendingup,towards10%

ü 650KofferedproductsduringQ415,now+122%=>1.400K

additionaloffersgeneratedbyMerchantsMarketplace

MARGINGENERATOR

ü Leveragefromexistingtraffic/customers

ü Commission-based=highmargin

ü Complementaryoffering(Inventory&prices)

ü Scalablehorizontally&vertically

Moremerchants

Moreoffers

Higherconversion

Morecommissions

Moremargin

MARKETPLACEKPISACCELERATION

202175

471

410

# Sellers Unique Products ('000)

Q2 15 Q3 15 Q4 15 Q1 16

14Banzai S.p.A. April 2016

RECENTCORPORATEUPDATES• NewBoD renewedonApril14th:9members,3independent.

• 5membersconfirmed:PaoloAinio (Chairman),PietroScottJovane (CEO),AndreaBiasco,PietroBoroli andMatteoRenzulli.

• 4newentrants:ü RolandBerger,HonoraryChairmanofRolandBergerStrategyConsultants,

currentlyBoD memberofRocketInternet,FreseniusSE,SchulerAG,Geox

ü Pierluigi Bernasconi,FounderandformerCEOofMediaMarket SpA(MediaWorld,Saturn)

ü MariaPierdicchi ,formerlyDirectoratBorsa Italiana andresponsible forSouthEuropeatStandard&Poor’s,currentlyBoD amongothersofNuoveBancheMarche,EtruriaeLazio,CassadiRisparmiodiFerraraeCassadiRisparmiodiChieti,LuxotticaGroupediStandard&Poor’s CMSI

ü SerenellaRossano,CharteredAccountatherownconsultingcompany,BancaProfilo BoD independentmember

15Banzai S.p.A. April 2016

Q116TAKEAWAYS

ConsistentGMV(1) &Salesgrowth,drivenbyElectronics&Appliances

Extensionoflastmileservices;YEtargetto135-150Pick&Pay and400Lockers,orc.80%ofthePopulation

Enrichmentoflastmileservices:NewHomeServicePlatformlaunch,targettoexpandinmaincitiesbyYearEnd

2016Guidancereiterated

OngoingVerticalContentSaleProcess

(1) GMV(Gross Merchandise Volume): it includes revenue from products, deliveries and revenue from 3Pmarketplace, netof returns and VATincluded. VerticalContent not included inthe perimeter.

16Banzai S.p.A. April 2016

CONSISTENT STRATEGYGOINGAHEAD

CapturemarketshareofthegrowingItalianonlinemarket

Expandpremiumservices&warrantiestoimproveM/Tprofitability

Buildaverydistinctive offerandundisputed leadershiponMDAs

DevelopaUniqueSellingPropositionforItaliancustomers

17Banzai S.p.A. April 2016

APPENDIX

18Banzai S.p.A. April 2016

2016GUIDANCE

GMV1growthintheupperpartofthe25-30%rangeandof20-25%forrevenues

SignificantincreaseoftheGrossMargindrivenbyimprovede-Commerceperformance

OperatingCashFlowachievingasignificant improvementcomparedwithEuro-12.6millionin2015

CapexatEuro15million, includingone-offinvestmentsforthenewfulfilmentcenter

(1) GMV(Gross Merchandise Volume): it includes revenue from products, deliveries and revenue from 3Pmarketplace, netof returns and VATincluded. It does not include Verticalcontent.

March 2015 – Confidential 19Banzai S.p.A. April 2016 19Banzai S.p.A. April 2016

• 106collectionandpaymentpoints,mostlyhostedbyexistingshops,paidoncommissions

• Noinventory,nofixedcosts,noCAPEX

• Forcustomers:freedomfromcourierhours,cashondelivery,lowercosts,bestshoppingexperience

• 312automatedlockers,active24/7,operatedbyInPost (noCAPEXforBanzai)

• 2016target:150Pick&Paystores,covering80%ofthepopulation.400Lockers.

OUR UNIQUEWAYTOE-COMMERCE

Pick&Pay stores

Professionalservices

Smartinventorymodel

• 200+professionalsdeliveringlast-mileservicesonMDAs&homecomfort:installation,customfitting,recyclinganddisconnection

• New,proprietarymobile-centricplatform:onlinescheduling,realtimeinteractionandfeedback

• Multi-skills,multi-categorycapabilities,aimingatcoveringfullspectrumof“smarthome”products

• 2016target:~2/3ofprofessionalservicesdeliveredthroughnewplatformbyyearend.

• ~1MSKUsvirtualcatalogfrom~200“live”suppliers

• Advanceddynamicpricing,withhourlyupdates

• Multi-supplier,multi-deliveryplatform:fastin,fastout,flexibleend-2-end,veryscalable

• Lessinventory=lessworkingcapital&fulfilmentcosts

• 2016target:New29ksqm fulfilmentcenterbyyearend.Expandableupto50ksqm.

3Pmerchantmarketplace• ~470merchantswith1.4MLNSkus

• ~10%oftotalGrossMerchandiseVolume

• Commission-based,accretivegrossmargin

• Complementaryofferoncorecategories

• Potentialdriverofcategoryexpansion

• Nowopeningtointernationalsellers

• 2016target:3xmerchants,positiveimpactongrossmargin.

March 2015 – Confidential 20Banzai S.p.A. April 2016 20Banzai S.p.A. April 2016

OURPATHTOWARDSPROFITABILITY

INVESTMENTSTOACCELERATEGROWTHANDSCALE

Investmentperiod InvestmentEffect Destination

2015 2016 2017 2018 2015 2016 2017 2018 Growth Margin

MARKETINGPUSH ++ -

3PMARKETPLACESTARTUP + ++

PICK&PAYNETWORKESPANSION + +

PREMIUMSERVICESPLATFORM ++ +

NEWFULFILMENTCENTER ++

DATA/MOBILE/PRICING + ++

March 2015 – Confidential 21Banzai S.p.A. April 2016 21Banzai S.p.A. April 2016

TOTALOPEX

OURPLAN:SCALEFAST

E-CO

MMER

CE

RevenueGrowth

VERT

ICAL

CONTENT

GrossMargin

Sales&Marketing

Content&IT

Fulfilment

G&A

Source: Asper management basedonaudited accounts.(1) Excludes additionalgrowth fromthe acquisitionofTerashop. Growth rate includingacquisitionofTerashopis33.2%.

EBITDAMARGIN

RevenueGrowth

GrossMargin

TOTALOPEX(AS%OFSALES)

e-Commercepenetration3%(2015)>>>5%(2018)Market1.6X- Banzaigrowingfasterthanonlinemarket

S/TpressureduetochangeinmixandimpactoffreeshippingFocusongrossprofitperorder,positiveimpactfrom3Pmarketplace

Short-termincreaseforcustomeracquisition(COBA)andePRICE TVAdv

Economiesofscale- Newfulfilmentcenter- Pick&Pay capacitysaturation- Platformimprovements- Costsaturation

TARGETMODEL

Impactedbyfocusongrowthin2015and2016

Inlinewithmarketgrowth,outperformingtraditionalpublishers+AdKaora

Broadlyinlinewithhistoricalperformance+consolidationofAdKaora

Economiesofscale

Economiesofscalewithshort-termimpactfromS&M

TOTALCAPEX(AS%OFSALES) Expansioninvestmentsin2015and2016(newfulfilmentcenter&IT)

23.4%

16.0%

4.3%

1.7%

5.8%

2.4%

2014

2.0%

7.9%

73.1%

20.5%

14.2%

5.1%

28.2%

13.3%

6.1%

1.6%

6.0%

2.3%

2015

-2.3%

15.0%

66.2%

21.3%

16.0%

5.1%

Targetingprofitabilityofsinglecountryonlinespecialtyretailer,oncecriticalmassachieved.

Lowsingledigit%Capex/sales

M/T

GMV1 growthupperpartofthe25-30%range.

2016target

SignificantG.M.improvement,benefittingEBITDA

Eu 15mnCapex,incl.fulfilmentC.

22Banzai S.p.A. April 2016

FINANCIAL CALENDAR 2016

May9 Q1/16FullResults

July 21 H1/16PreliminarySales

September 14 H1/16 FullResults

May July SeptemberM T W T F M T W T F M T W T F

2 3 4 5 6 1 1 29 10 11 12 13 4 5 6 7 8 5 6 7 8 916 17 18 19 20 11 12 13 14 15 12 13 14 15 1623 24 25 26 27 18 19 20 21 22 19 20 21 22 2330 31 25 26 27 28 26 27 28 29

23Banzai S.p.A. April 2016

BANZAIS.p.A.

Corso Garibaldi71

20121Milan,Italy

www.banzai.it

IR

Micaela Ferruta

HeadofInvestorRelationsandStrategicPlanning- BanzaiS.p.A.

+390200643801

investors.banzai.it

investor.relations@banzai.it

CONTACTS