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MAH
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fxMBAconsulting
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MAH
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Schools will only worry about the GPA conversion which just considers the classification.

An upper second is not really an issue either - that's what I got in my undergrad but with some very poor scores that I tried to contextualise some of the reasons.

Whats more critical is that you show theres more to you than just academics. A first and high gmat score will not get you into BSchool alone - so you need to ensure you are getting involved in the extracurricular (and preferably in 'leadership' roles as part of committees etc.)
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2015-profiles-w-admit-dings-results-no-discussion-176967.html#p1466538

Sorry easier than trying to repeat! My undergrad not a particular well known one...!
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You can definitely recover from your slow start in your first year. Sounds like you have a lot going on involvement wise which is great. Definitely continue to lead initiatives and make an impact, but don't let your academics fall. You have a great opportunity to make up for first year, so don't let it slip by! Best of luck on your upcoming year as well as your GMAT this summer!