#1allgeier.com ALLGEIER Driving Technology Investor Presentation German Spring Conference, Frankfurt a.M. – May 2023#2allgeier.com 2 Λ 1 | Allgeier at a glance 2 | Market trends ง 3 | Business overview 4 | Group financials 5 | Value creation highlights#3allgeier.com 3 Λ 1 Allgeier at a glance#4allgeier.com 4 Λ Allgeier at a glance | Market trends | Business overview | Group financials | Value creation highlights Allgeier is a software and IT services company specialized in the digitalization of mission-critical enterprise processes $ $ | | || | | Allgeier has built >EUR 2bn of shareholder value in recent 20 years € 480 m Revenue 20221 17% Revenue CAGR 1,2 (2020-22) 13% Adj. EBITDA margin 20221,3 40 % Adj. EBITDA CAGR1,2,3 (2020-22) Broad customer base of >2.000 large enterprises, Mittelstand companies & public sector clients A Λ Θ Digitalization as business driver, positioning in key growth sectors & future trends such as e-commerce, cloud, cyber security & open-source software development >3,300 highly skilled employees¹ 19% Employee growth CAGR1,2 (2020-22) $ ՄՌ Buy & build track record with 80+ value-adding acquisitions since 20041 1) Continuing operations according to IFRS as of December 31, 2022 3) EBITDA before effects that are extraordinary or relate to other periods 2) Compound Annual Growth Rate#55 allgeier.com Λ Allgeier at a glance | Market trends | Business overview | Group financials | Value creation highlights Allgeier shows sustainable growth and continued increase in value 784 688 574 498 446 376 Revenue 1,2 in € m Share performance² in € 546 430 300 250 856 200 150 100 480 50 403 352 2014 2015 2016 2017 2018 2019 20202 2021 2022 2016 2017 2018 2019 2020 2021 2022 2023 1) Continuing operations according to IFRS 2) In 2020 Allgeier fully spun-off its international software engineering business as an independent listed company 3) As of December 16, 2020: value of Allgeier share plus value of Nagarro share, white comparison line: performance of DAX in percent (basis January 1, 2016: 100 percent)#6Λ 9 allgeier.com • BELL 4:21 PM 100% 2 Market trends Tech investments went uphill in 2018 all over the world. Take an imaginary trip over the next years to come and see how technology and innovation will change the course of economy worldwide. 1230 1400 870 How 2018 was the year when criptocurrency finally felt like a safe bet. Read More BANK#7allgeier.com 7 Λ Allgeier at a glance | Market trends | Business overview | Group financials | Value creation highlights Allgeier is driven by major software & IT services market trends and the huge demand for digital transformation € 86.6bn 2023 German IT & software services market¹ > € 3.3bn 2021/2022 Investment in the digitalization of public administration in Germany³ $ 2,160bn 2023 Global spending on digital transformation technology & services5 39% CAGR 2022-29 ► $ 22.7bn 2029 Global cloud containerization market2 13% CAGR 2022-29 $ 376bn 2029 Global cyber security market4 11% CAGR 2022-27 $ 5,480bn 2027 Global e-commerce market6 1) BITKOM, Eito; as of January 2023 2) Data Bridge Market Research: Global Application Container Market; as of December 2021 3) National Standards Control Council: Monitor Digital Administration (federal budget for implementation of OZG and register modernization) 4) Fortune Business Insights: Cyber Security Market Research Report; as of March 2022 5) Statista: Spending on digital transformation technologies and services worldwide from 2017 to 2026; as of October 2022 6) Statista: eCommerce - global; as of November 2022#88 ww.allgeier.comM Λ 3 Business overview#96 Allgeier at a glance | Market trends | Business overview | Group financials | Value creation highlights Λ allgeier.com Allgeier organizes its software & IT services in two segments with strong & well-established brands ALLGEIER inovar ALLGEIER EXPERTS ALLGEIER IT ALLGEIER ITS ALLGEIER ENGINEERING evora ALLGEIER PUBLIC - IT SOLUTIONS - ALLGEIER CyRis public plan. mgm#10allgeier.com 10 Λ IT Allgeier Enterprise IT#11Λ 11 allgeier.com IT Allgeier at a glance | Market trends | Business overview | Group financials | Value creation highlights Allgeier Enterprise IT is specialized in digital transformation projects with recurring nature at the core of the customers' operations | | | | 謹 HTIIII $ ՄՌ Full-range IT solutions & software services provider for digitalization € 374 m Revenue 20221 € 45 m Adj. EBITDA 20221,2 >2,300 IT & software specialists¹ 27 locations in Germany¹ 9 locations in Austria, Switzerland, Poland, USA & India¹ 1) Based on unconsolidated segment financials according to IFRS as of December 31, 2022 2) Adj. EBITDA (EBITDA before effects that are extraordinary or relate to other periods) of operating units w/o holding company costs#12Λ IT Allgeier at a glance | Market trends | Business overview | Group financials | Value creation highlights allgeier.com 12 Allgeier Enterprise IT supports its clients in the digitalization and optimization of their digital business processes along the entire value chain Λ Focused on large IT & software projects for digital transformation, long-term managed services & proprietary software solutions DB T. ING D-BASF We create chemistry dataport NOKIA Tech Mahindra Gothaer Open-source/E-government Public sector IT services Cyber security Cloud E-commerce ERP & ECM SIEMENS → vodafone KFW NTT DATA LANXESS Energizing Chemistry Trusted Global Innovator Santander FUJITSU BOMBARDIER Deutsche Post BNP PARIBAS ERGO EVONIK COMMERZBANK • SAP & Service Now consulting & software development Leading Beyond Chemistry#13Λ IT ει allgeier.com Allgeier at a glance | Market trends | Business overview | Group financials | Value creation highlights Success Story Document management: Central collaboration platform based on our proprietary software L ● vodafone Building a central document collaboration platform for Vodafone in Germany and other countries as well as subsidiaries of Vodafone Migration of >4.5bn documents accessible by 4,500 users Technical basis is our proprietary DMS software that got highly customized for the specific Vodafone requirements, all architecture and software engineering is done by us • The project is ongoing for 4 years and with a deployment of over 14,000 person days so far ⚫ Our revenue from the project comprises of T&M & license fees Global deployment using tablets for significant cost savings, higher efficiency in resource planning, higher speed & improvement of safety#14Λ allgeier.com 14 IT Allgeier at a glance | Market trends | Business overview | Group financials | Value creation highlights Success Story Asset Management with SAP and EvoSuite: Mobile maintenance & work order management Support technicians in the field with SAP Asset Manager & EvoSuite e EVONIK Implementation of mobile maintenance solution SAP Asset Manager in biggest and complex German plant Implementation of scheduling and work order management solution EvoSuite 1500+ technicians supported by implemented solutions Global deployment using tablets for significant cost savings, higher efficiency in resource planning, higher speed & improvement of safety#15allgeier.com 15 Λ IT Allgeier at a glance | Market trends | Business overview | Group financials | Value creation highlights Success Story eGovernment: Cross-state digitalization in the judiciary with e-file system and portal for billions of documents Replacing paper-based processes & implementation of an e-file system for electronic legal transactions and legally binding digital files in the justice system The central eAkte system stores, distributes and makes available the billions of documents from the various specialized procedures in compliance with the law The integration portal brings together various specialized procedures a thus provides a central point of contact for judges and clerks, among others (e.g., land registry, register management, eAkte). High availability requirements, organizational complexity (e.g., cross-state interconnectedness), and change management/acceptance (e.g., judicial independence) E-Akte#16Λ allgeier.com 16 IT Allgeier at a glance | Market trends | Business overview | Group financials | Value creation highlights Allgeier Enterprise IT is specialized in large digital transformation projects with recurring nature at the core of the customers' operations 23 % Outside Top 100 32% Top 11-100 Customer diversification¹ € 374m 45% Top 10 5 Number of accounts1 58 >2,000 >€10m >€1m <€1m 1) based on segment financials as of December 31, 2022; Customers with revenues of at least 1k EUR p.a. 4% 6% 12% 16% 15% Public sector ■■Manufacturing Services Other industries Industry segmentation¹ 31% 16% ■Banks & Insurance IT Healthcare#17Λ IT allgeier.com 17 Allgeier at a glance | Market trends | Business overview | Group financials | Value creation highlights Allgeier Enterprise IT continues increase in earnings & margins 278 75 68 67 69 Revenue¹ in € m Gross profit & margin¹ in € m Adj. EBITDA & margin 12 in € m 374 308 99 95 95 92 87 87 75 76 71 94 30% 29% 25 % 111 70 19 19 18 18 16 90 21 22 22 27 27 24 29 29 31 12% 10 % 8 % 45 14 26 23 7 7 31 LO 6 5 5 5 12 12 11 8 8 80 2020 2021 2022 2023 2020 2021 2022 2023 2020 2021 2022 2023 ¹) Based on unconsolidated quarterly segment financials 2) Adj. EBITDA (EBITDA before effects that are extraordinary or relate to other periods) of operating unit w/o holding company costs#18mgm-tp.com 18 Λ mgm technology partners#19ΙΛ ㅁ mgm-tp.com 19 Allgeier at a glance | Market trends | Business overview | Group financials | Value creation highlights mgm technology partners is an international high-end software provider for digitalization, disruptive technology & consulting services [^] High-end specialist for $ € 111 m Revenue 20221 secure, highly scalable & available software solutions € 24 m Adj. EBITDA 20221,2 = 1,000 software developers & consultants¹ 13 locations in Germany1 8 locations in France, Portugal, Czech Republic, Switzerland, Austria, USA & Vietnam¹ 1) Based on unconsolidated segment financials according to IFRS as of December 31, 2022 2) Adj. EBITDA (EBITDA before effects that are extraordinary or relate to other periods) of operating units w/o holding company costs#20mgm-tp.com 20 ΙΛ ㅁ Allgeier at a glance | Market trends | Business overview | Group financials | Value creation highlights mgm technology partners' ongoing success is underlined by key public & enterprise accounts One of the leading service providers for e-government and e-commerce in Germany Enterprise low code platform mgm A12 Enterprise software engineering Strategic IT consulting Web & application security Test automation Bayerisches Landesamt für Steuern Allianz Deutsche Rentenversicherung Bund L&DL hp KICKZ VATTENFALL MAN BayWa -DHL C ERGO 0 NESPRESSO e.on SIEMENS M M#21ΙΛ ㅁ mgm-tp.com 21 Allgeier at a glance | Market trends | Business overview | Group financials | Value creation highlights Success Story eGovernment: German federal tax portal ELSTER www ... 20002 ELSTER Ihr Online-Finanzamt ⚫ mgm platforms are used by millions of users every day - the most prominent platform is the electronic tax office in Germany with secure authentication, web portals, mailbox and much more Ongoing project that continuously generates T&M revenues More than 30 million income tax returns per year Model-based software development enables efficient updates and adjustments • Result: Germany's largest eGovernment project (est. 1996)#22ΙΛ ㅁ mgm-tp.com 22 Allgeier at a glance | Market trends | Business overview | Group financials | Value creation highlights LiDL Success Story Commerce: Web shop customized software development & automated testing 1 K R k ran 11 HE ctrl Quick, individual development of LIDL web shop Goals: Performance and reliability, especially weekly flyer campaigns ⚫ mgm web shop framework: basis for individual development Automated technical QA with mgm QA tool set and shop reports • Result: scalable, multi-client and internationally deployable overall system alt#23ΙΛ ㅁ mgm-tp.com 23 Allgeier at a glance | Market trends | Business overview | Group financials | Value creation highlights Success Story Insurance: Digital marketplace development and workflow automation • B2B2C insurance marketplace for business insurances like Cyber and D&O (financial lines) Fully automated workflows for brokers, insurance companies and customers Digital signatures Usage of mgm Cosmo Digital Network: automatic synchronization of offers and policies between broker and insurers hendricks#2424 ΙΛ Allgeier at a glance | Market trends | Business overview | Group financials | Value creation highlights mgm-tp.com 25% Top 11-100 mgm technology partners is a strong partner for industries driven by high digitalization dynamic Customer diversification¹ Number of accounts1 Industry segmentation¹ 2% Outside Top 100 €111m Top 10 >300 ง..ง 13 >€3m >€1m <€1m ■ Commerce ■ Manufacturing ■ IT 39% ■ Public sector ■ Banks & Insurance ■ Other industries 1) based on segment financials as of December 31, 2022; Customers with revenues of at least 1k EUR p.a.#25ΙΛ Allgeier at a glance | Market trends | Business overview | Group financials | Value creation highlights 25 mgm-tp.com 21 20 20 mgm technology partners accelerates its growth with high profitability 83 25 21 22 22 Revenue¹ in € m Gross profit & margin¹ in € m Adj. EBITDA & margin 12 in € m 98 111 32 31 28 26 26 26 24 23 2020 2021 2022 2023 42% 22% 41 % 23 % 39% 21 % 46 24 14 22 40 13 13 18 32 10 10 9 9 8 8 7 11 11 10 7 7 7 6 6 6 55 5 5 5 4 4 2020 2021 2022 2023 2020 2021 2022 2023 1) Based on unconsolidated quarterly segment financials; FY 2022 figures according to unaudited segment financials 2) Adj. EBITDA (EBITDA before effects that are extraordinary or relate to other periods) of operating unit w/o holding company costs#26allgeier.com 26 Λ 4 Group financials ALLA zhik 737 P. BUHL powered by ALLGEE ALLGEIER ALLGEIER#2727 Λ allgeier.com Allgeier at a glance | Market trends | Business overview | Group financials | Value creation highlights Allgeier P&L shows growth and continuous margin improvement 92 352 87 Revenue¹ in € m 17 %³ 480 403 85 89 95 98 99 132 123 124 29% 117 112 112 2020 2021 2022 2023 1) Continuing operations according to IFRS 3) CAGR: Compound Annual Growth Rate Gross profit & margin¹ in € m Adj. EBITDA & margin 12 in € m 32% 33 % 129 40 161 50 102 36 34 32 29 28 27 828 29 24 23 13% 11 % 62 9 % 21 41 40 40 30 4 6 45 17 16 11 11 10 10 10 10 8 00 14 13 2020 2021 2022 2023 2020 2021 2022 2023 2) EBITDA before effects that are extraordinary or relate to other periods#28allgeier.com 28 Λ Allgeier at a glance | Market trends | Business overview | Group financials | Value creation highlights Performance & stability of Allgeier are underlined by key figures 91% Revenue from existing clients¹ Stable & loyal customer base 121,155 € Revenue per capital 13,7 yrs Relationship length top 20 clients (avg) +17% Revenue growth top 20 clients (CAGR 2015-2022) 2,4521 Customers (total) 58 57 54 >1m € 69 2019 2020 2021 2022 Customers with revenues >1m € 60% Proportion of academics 3,329 2,937 2,366 2,000 3,329 2019 2020 2021 2022 No. of employees 1) Revenue FY 2022 from existing customers with revenues of at least 1k EUR p.a.#29allgeier.com 29 Λ Allgeier at a glance | Market trends | Business overview | Group financials | Value creation highlights Balance sheet ratios offer leeway for further M&A Operating Cashflow development in € m1 1 HY 2 HY 18 22 151 29 29 Net debt in € m¹ Net leverage² € 200 m Revolving credit facility by a bank consortium 69 1.7 x + 106 € 60 m Promissory note loan (Schuldschein) by a bank consortium with a term of 5 & 7 yrs 12 45 4 0 3 2019 2020 2021 2022 Fin. lease liabilities Financial liabilities Cash Net debt 1) Continuing operations according to IFRS 2) Net debt-to-Pro-forma Adjusted EBITDA (LTM) ratio according to revolving credit facility#30Λ Allgeier at a glance | Market trends | Business overview | Group financials | Value creation highlights allgeier.com 30 Guidance for the 2023 financial year and mid-term forecast: Further revenue growth & margin expansion. Revenue Adjusted EBITDA1 480 403 352 500 - 10-15% Organic growth rate 540 m (corresponding to 65 - a margin of 13%) 71 m 45 30 62 62 15 % margin 2020 2021 2022 Mid-term (next 3 yrs) 2020 2021 2022 Mid-term (next 3 yrs) 1) EBITDA before effects that are extraordinary or relate to other periods#3131 allgeier.com Λ 5 Value creation highlights * GERMAN SAILING TEAM MPC zhik Di PAIPIS 214169 只 GER ALLGEIER#32allgeier.com 32 Λ Allgeier at a glance | Market trends | Business overview | Group financials | Value creation highlights Allgeier is creating sustainable shareholder value at the core of digitalization Digitalization is disrupting 1. any business 3. Digitalization drives our business. We address the need of our customers for change-the-business projects. Smart & highly skilled people are the basis of know-how in a fast-developing business environment We are a safe & exciting home to our people based on modern & open cultures in the various Allgeier companies. State-of-the-art software 2 solutions are a key competitive differentiator We deliver high value-add through software solutions like open-source software, cyber security, cloud transformation & e-government. M&A creates outstanding development opportunities in a fragmented market environment 4. frevelopment opportunities in t We are attracting companies & entrepreneurial people to join us.#33allgeier.com ALLGEIER Driving Technology Thank you#34Postal address Allgeier SE Einsteinstrasse 172 – Blue Tower D-81677 Munich - Phone: +49 89 998421-0 Contact Dr. Marcus Goedsche [email protected] Web www.allgeier.com/en/investor-relations Follow us on LinkedIn in