1. H1-07/08 results & outlook SFAF meeting Palais de la Bourse - November 14th 2007 - Bernard Huvé Eric Matteucci

2. 2 SII in brief Sales of €127m in 2006/07 Operating margin: 9.2% of sales Staff growth Financial strength and sustainability Launched in April 1979 Financial position: Net cash flow €12m Shareholders’ equity €40m Various activities Sales growth Integrated systems Networks & Telecoms Third-party maintenance 40% R&D outsourcing R&D consulting Research and development Process, industrialisation 60% Development and consulting Contracting assistance Various and non-IT IT services IT engineering and consulting 3% 5% 92%

3. 3 Breakdown of sales/clients by sector New clients in H1-07/08 include Coface, Rio Tinto, Auchan, Arcelor, Smiths and RATP SII in brief Sales by sector transportation Banking, Insurance 7% Industry 57% Telecom and Media 17% Transportation & Tourism 6% Utilities 3% Other services 6% Public services 3% Trade, retail 1% Electronics 20% Aerospace 25% Defence 14,3% Automobile 13,3% Other 11% Digital TV 7.8% Payment terminals 6.3% Railroad 2.3% Industry breakdown

4. 4 SII in brief  Breakdown of sales by type of client  20 biggest customers = 70% of sales  Alcatel  IBM  DCN  Safran  EADS  Siemens  France Telecom  Thales  Gemalto  Thomson  Low dependency (except in terms of referencing)  Multi-company client base  Multi-site company Breakdown of sales/type of customer 92%4% Big accountSMEMiscellaneous

5. 5 CMMi, means of industrialisation  Quality insurance, a pioneering approach  SII is one of the oldest IT service companies with ISO9001 certification (1992)  Broad scope (activity, branches)  CMMi model, SII still leading the way in quality insurance CMMi – a model for checking IT systems’ development potential  Use of CMMi methodology since 2004  More than 50% of activity is CMMi assessed (2 or 3)  Investment of around €200k per year between 2004 and 2009 to increase brand awareness and profitability  CMMi, advantages for clients, employees and the company  Clients: managing quality, scheduling and requirements  Employees: working in an environment where processes are formalised  Company: controlling commitments, monitoring hazards, managing risk SII in brief

6. 6  Nine profit centres in France, developments abroad  Light structure  Fully autonomous managers  Local service  Local roots  Virtual real-time reporting  The benefits of a medium-sized player  Decentralization/Dispatching responsabilities  Commercial dynamics and steady customer relations  Flexibility & local reactivity SII is “outperforming” its sector Average annual growth of 23% in sales and operating income over 10 years SII in brief Assets: responsiveness, flexibility and sustainability

7. 7 Summary  H1-07/08  H1-07/08 results  2007/08 trends

8. 8 Technology consulting: structural growth  A booming market  driven by R&D outsourcing and embedded systems  Essentially provided by French companies  High employment  3,500 net job starts forecast for 2007 in companies with more than 10 employees (source: OPIIEC)  Structural growth  Acceleration in the rate of innovation and time-to- market  R&D outsourcing strategy Internal focus on “core, core business”  Search for specific expertise Technology consulting +7% +6.0% +7.0% +8.0% ISTI* Embedded software services R&D outsourcing *ISTI: Information, Science, Technology and Industry Source: press conference – Syntec Informatique October 2007. H1-07/08 Confirmation of sector growth

9. 9  Continued pressure on prices  Offshore – Near-shore  Fragmentation of sector* €5.3bn of sales in France 65,000 jobs 4,600 companies, including 605 with more than 10 employees  Buyers’ market  Recruitment problems  Industrialisation still greater for “sounder, cheaper, faster” operators * Source: press conference – Syntec Informatique October 2007. H1-07/08 Confirmation of sector growth

10. 10 07/08 priorities  Recruitment  Keep technical and human criteria  Limit wage spirals  Selling prices  Arbitrate between growth and profitability  Select clients  Industrialisation  Continue CMMi deployment (2004/2009)  Reduce cost prices (work package)  International development  After Poland and the Czech Republic… Reminder of the four challenges facing SII

11. 11 H1-07/08 Structural costs under control Change in structural costs SII definition: (Total costs – payrolls of billable employees – subcontractor costs) / total costs

12. 12 H1-07/08 Inter-contract rate SII: (billable - billed) / billable H1-07/08: back to normal Inter-contract rate Change in headcount (end of month) %Employees

13. 13  Increased weight of work package services  Commitment to results vs. resources  Outsourcing of tasks  Global contracts vs. one-off expertise H1-07/08 Work package development Work package Fixed price Time & material Other 91% 84% 78%73% 68% 02/0303/0404/0505/06 06/07 8% 13% 2% 14% 13% 6% 11% 16% 66% 13% 19% S1 07/08

14. 14 H1-07/08 Further growth in European network 0-100 Lille, Strasbourg, Warsaw, Brussels, Prague 100-200 Nantes 200-500 Aix, Rennes, Sannois, Sophia, Toulouse, Vélizy Geographic breakdown of sales Strasbourg Vélizy Sannois 9 branches 11 offices Toulouse Bordeaux Nantes Le Mans Brest Rennes Caen Lannion Niort Sophia La Ciotat Aix Lyon Vitrolles Lille Warsaw Prague Brussels Headcount Montpellier Tours Rest of France 68% Paris area 30% International 2%

15. 15 H1-07/08 International developments  Development on domestic markets  Poland (January 2006)  From zero to 65 employees  11 local IT system clients (2/3 of sales) (Banking/Insurance – Telecom operators and equipment manufacturers) Pekao, Axa, Citibank, Société Générale, Allianz, Ericsson, FT  One R&D client (1/3 of sales): Gemalto  Czech Republic (May 2007)  5 employees  Gemalto "client sponsor" for R&D outsourcing  Belgium (September 2007)  Start-up period

16. 16 Summary  H1-07/08  H1-07/08 results  2007/08 trends

17. 17 Key figures Sales (€m) +14.7% H1-06/07H1-07/08 Operating income (€m) Operating margin of 7.3% +1.4% H1-06/07H1-07/08 4.83 Net income (€m) -1.6% H1-06/07H1-07/08 4.90 58.74 67.35 3.20 3.15  Results in line with company’s business plan  Structurally negative seasonal factor in H1

18. 18 2.18 Breakdown of overheads €4.90m +1.4% Sales Operating income €67.35m +14.7% Outside purchases Other operating income Salaries and payroll costs Taxes 0.24 6.67 53.06 0.78 Provisions

19. 19 H1-07/08 results €m H1-06/07H1-07/08  Sales58.7467.35+14.7 Operating income4.834.90+1.4 as % of sales8.27.3-0.9 pt Financial income0.120.15+25.0 Taxes1.751.88+7.4 Net income (group share)3.203.15-1.6 as % of sales5.44.7-0.7 pt Average headcount1,7041,927- Headcount at period end1,7552,028-

20. 20 Cash flow table €m H1-06/07H1-07/08 Cash flow ratio3.504.09 Change in WCR-4.10-2.15 Cash flow-0.601.94 Investment (including takeovers)-0.30-0.63 Financing (including dividends)-1.50-1.43  ° Free cash flow -2.40-0.12 Purchase of shares-1.12-0.18  ° Net cash flow -4.20-0.30 H1-07/08 results Change in WCR = ¼ of sales growth

21. 21 A healthy financial structure €m Balance sheet IFRS 30/09/2006 Non-recurrent 5.9 WCR 18.6 Cash flow 10.5 Shareholders’ equity 34.5 Non-recurrent 0.5 IFRS 30/09/2007 WCR 22.2 Cash flow 12.0 Shareholders’ equity 40.0 Non-recurrent 0.6 Non-recurrent 6.4

22. 22 SII on the stock market Shareholder structure at 30 September 2007 Source : SII 3,000,000 shares Float 20,3% Management 62,4% Autodétention 9,8% Parvus AM 7,5%

23. 23 SII on the stock market Comparative one-year share performance

24. 24 Summary  H1-07/08  H1-07/08 results  2007/08 trends

25. 25 SII is structurally outperforming the S&S sector Source: press conference – Syntec Informatique October 2007. An increasing ratio Changes in GDP growth, investment, S&S and SII -5 5 15 25 35 45 55 65 199719981999200020012002200320042005200620072008 PIBSSInvest.SII

26. 26 Demand to remain firm  Further investment in companies  Catching up on previous underinvestment  Technological innovation, spreading of embedded electronics  Upgrade of information systems  Numerous projects  More outsourcing  Increasingly complex projects  Refocusing on core business  Retirement of baby boomers  Current issue: recruitment  Problems with hiring in some skills  Maintain quality and profitability criteria  SII: 700 new engineers expected for 2007/08  Slight drop in turnover (22% to 17.5%) since the beginning of the FY Outlook for 2007/08

27. 27  Almost stable pricing tariffs  Demand-side pricing power  Heavy competitive pressure  Indirect pressure from offshore  Scissors effect: selling prices – cost prices  Wage pressure  Shortage in some areas Outlook for 07/08 A restrictive “daily rate–skill–wage” comparison

28. 28 SII: constant quest to improve profitability  Continued rigorous management   Possibility of near-shore operations  Growth/profitability arbitration  Need to avoid a deflationist approach…  …that could lead to rejection of assignments  The real issue: improving production processes  Service contract or work package: “coming up trumps”  CMMi Outlook for 07/08

29. 29 Outlook for 07/08 1. Limited risks  Clients: major, loyal customers  Technological history and background  Quality control: long-term and distinct 2. Simple, insurance operating model  One company, several profit centres  Decentralised structure, local services  Corporate culture: technical and service 3. A sound financial base  Steady cash flow generation  Satisfactory cash flow  No financial debt Ongoing strengths

30. 30 Establish board of directors and supervisory committee  Board of Directors  Eric Matteucci for general operations; chairman of the board  Patrice Demay for development in France; member of the board  Jean-Paul Chevée for international development, member of the board  Supervisory Committee  Bernard Huvé, chairman of the supervisory committee Increase share liquidity  Increase shareholders’ equity through incorporation of reserves  Freely allocate six shares for every one currently held  Increase number of shares sevenfold Thus structured, SII will be able to overcome new challenges The new team aims to continue the “SII adventure” Extraordinary Shareholders Meeting 20 December 2007 Resolutions

31. 31 Targets for 07/08  Economic assumptions  Sustained demand Growth of 6% to 8% according to Syntec Informatique  Pressurised margins 2008 prices = 2007 prices + ε  SII targets  Sales  €145/150m (organic growth of 15%)  Operating margin  10% (gain of 0.8 point)  Recruitment of 700 people (386 at end-September) Confirmation of previously announced targets

32. 32 Upcoming dates  Shareholders meeting (extraordinary): 20 December 2007  Q3 sales: 14 February 2008  Annual results and SFAF meeting: 15 May 2008  Shareholders meeting: 18 September 2008