Wim De Naeyer

Management of 40 people, more than 100 at subcontractors

•Increased EBITDA 6 fold from €7 million to €45 million by restructuring the internal organisation and launching new business lines such as digital TV, broadband, fixed telephony, mobile, …

•Realised 67% EBITDA/Revenue and 38% FCF/Revenue, positioning the company as best in class of Altice and European cable. Led finance strategy, operations, and growth. Provided critical oversight and direction over finance, budgeting, taxation, reporting, and core cable network. Oversaw B2B commercial strategy, solutions delivery, and post-sales support for major public and private clients. Maintained relationships with telecom regulators, including IBPT, VRM, CSA and ILR. Sourced, selected, and benchmarked new suppliers. Served as president of the Works Council and director of Cable Belgium and the Association Antennes Collectives Luxembourgeoises. Financial Management Accomplishments:

•Reduced significantly accounting closing deadlines to T+4 on monthly basis by simplifying and automating

•Instituted daily automatic dashboards on accounting and all critical operations

•Orchestrated spin off out of Numericable France to separate Belux entity (€380 m) in 2011 o Led carve out due diligence with Deloitte and IFRS compliance o Engaged new shareholders: Apax, Deficom o Engaged high yield financing with Morgan Stanley (prospectus with Latham, international roadshow, negotiate rating with Moody's/S&P/Fitch)

•Participated in the first launch of Altice high yield bonds for €250 million in 2013.

•Participated in the 2014 €1.5 billion IPO of Altice, preparing and reviewing the prospectus and presenting at analyst presentations coordinated by Morgan Stanley/Goldman Sachs. Business Growth & Project Management Accomplishments:

•Accomplished more than 25% uptake within 2 years with the 2012 launch of the new La Box decoder / modem.

•Launched MVNO mobile business line generating more than €100K per month.

•Oversaw a €12 million fibre links project connecting 350 CCTV cameras for the Brussels Police - from presales to delivery.

•Increased B2B turnover by 30% in less than 3 years with EBITDA margin exceeding 90%.

•Oversaw decrease in customer service calls of more than 30% in less than 2 years

•Succeeded at reducing to 0 the impact of regulatory "opening of cable networks"

•Negotiated the acquisition AIESH concession - 12000 analogue cable customers in Chimay/Beaumont in 2012 o Full responsibility from purchase to delivery o Launched triple play services in less than 6 months

€7 billion French cable operator (B2C-B2B) Management of 50 + people Controlling – Post Merger Integration – Cash collection - Logistics Financial Management Accomplishments:

•Pushed significant outsourcing programs reducing internal personnel significantly

•Integration of accounting and IT teams on one site to increase team work and simplification for the Numericable/Noos/Completel/Altitude group, migration from legacy systems to unique platform

•Increased recycling of modems/decoders by 400% within 2 years, liberating more than €25 million annually

•Pushed bad debt lower from 3% of revenue to less than 1%, liberating more than €10 million annually M&A Accomplishments:

•B2C: Conducted due diligence for the €528 million Numericable acquisition, the follow-on €1.25 billion acquisition of Noos and subsequent integration with Numericable.

•B2B: Conducted due diligence/financing for the € 723 million Completel acquisition/restructuring/integration with Numericable and the follow-on €75 million acquisition/integration of Altitude (Rouen).

•Realised vendor due diligence for Carlyle as a new shareholder (€6 billion) in 2008.

•Realised Completel delisting from Euronext Amsterdam after takeover.

Advisor of

•Suez/Ackermans van Haaren selling Coditel Belux to Altice €66 m

•Fairness opinion on merger ECFC/Compagnie du Bois Sauvage €200 m

•Fairness opinion on the demerger of Exmar from CMB with UBS Warburg/Petercam €480 m

•Fortis in relation to disposal of Sofigen, its depository receipts subsidiary, to ING

•Manufert Group in buy out of joint venture partner, SCPA/EMC Port handling

•KPN regarding the sale of Planet Internet to Scarlet (now Belgacom)

•Fairness opinion Compagnie du Bois Sauvage-Surongo €200 m

•Fortis regarding investment in DAT-SN Brussels Airlines with AD Little, Tractebel, KBC €180 m capital increase

•Crédit Mutuel Nord on its successful hostile public bid on Banque du Brabant €100m

•Fluxys/Distrigas regarding its spin-off of its trading/transit division

•Labo Riatol in relation with take-over AML, later sold to Sonic Healthcare for €232m

•Belgacom regarding sale of security operations to Securitas AB