#1Reinventing the world for good Investor presentation tietoevry#2Tietoevry in brief tietoevry#3Diversified business with strong Nordic market presence Finland 23% Other 9% Norway 35% Connect 25% Transform 15% €2 823m €2 823m Sweden 33% Create 24% Markets • • Nordic enterprises and public sector with >80% of revenues Global software and product development services Services Software Consulting Infrastructure Care 8% • Industry 11 % Banking 17% Other 14 % Ukraine 9% Sweden 18 % India 19% Czech 10% 24 389 Finland 13% Norway 17% tietoevry Employees • Among largest Nordic technology employer-12 000 ~24 000 employees serving customers in ~80 countries 2021 Revenue: €2 823m Adj. EBITA: 13.0% Leading technology company with a strong Nordic presence and global capabilities#4Building on our strengths - realizing full potential of the merger Software Consulting Infra Leading software-driven digital transformation in high-growth industries Nordic Health & Care and Education & Case management Nordic Banking Platform Payments, Cards and ATM globally Digital capabilities at scale More than 9 000 creative developers of digital futures, forming the largest Nordic digital practices - with accelerated growth internationally Nordic market leader in cloud and infrastructure managed services Leader in hosted private clouds in Nordics Accelerating in managed multi cloud and security services 50+ years of experience in realizing complex enterprise transformations across multiple technology lifecycles 4#5Continuous improvement in key financial indicators 1.5 b€ Revenue 2.8 b€ Dividend/share 0.20€** 0.22€** 1.20€ 1.25€ 2017 2018 2019 2020 2021 2017 161 m€ Adjusted EBITA 368 m€ 2017 2018 2019 2020 2021 *Adjusted for restructuring costs, capital gains/losses, goodwill impairment charges and other items affecting comparability 151 m€ 2018 0.635€ 1.32€ 1.40€ 2019 2020 2021 Net cash flow from operations 368 m€ 2017 2018 2019 2020 2021 ** Additional dividend .#6Financial targets - new strategy support potential for enhanced performance Accelerating growth to 5% by EBITA adjusted 15% by 2023 One-time items ~1% of 2023 Financial targets as revenues by 2022 Increased dividends annually announced at CMD Improved growth profile Solid foundation for and profit Continued strong cash flow generation improved shareholder returns tietoevry Reduced leverage level enabling investment flexibility Continued dividend attractiveness Net debt/ EBITDA <2 by end of 2022 ACHIEVED Reduced discount to SoTP valuation#7Strong client base across all sectors telenor ABN AMRO storaenso geldmaat SERVICE GROSSISTENE posten Metsä O Digdir HEALTHCARE VÄSTERÅS STAD aimo park Rethink Parking. Suomi.fi posti Hyland FJELLINJEN Lyse DNB aibel® LOCALTAPIOLA Stockholms SJÖFARTSVERKET stad tietoevry ୫ K CAMBIO SKANE JL Region Stockholm Nordea eika. VOLVOFINANS BANK zwipe 7#8PLANET tietoevry PEOPLE Highlights on ambitions relating to sustainable operations Lot Gender balanced Workforce by 2030 Human rights Risk and impact assessment in the value chain Fair and green supply chain Zero Breaches of privacy 100% Circularity Reuse and recycling of hardware-own and customer 100% Use of green electricity in datacenters and offices 80% Reduction of CO2 emissions in scope 1 and 2 in 2020-2023 Avoided emissions Increase customer avoided CO2 with 10- 15% annually Carbon neutral In own operations by 2025 8#9New strategy announced - driving growth and expansion through specialization tietoevry#10Technology industry reshaping with cloud as the foundation tietoevry -10% TRADITIONAL Managed traditional infra 20 % 15 % PROFITABILITY MODERNIZE Data & Analytics Enterprise software Integrated (apps + Infra) CLOUD NATIVE SaaS Cloud Consulting & Development Cloud capacity 10 & Managed % traditional apps automated managed services Cloud migration Services 5% System Integration Cloud managed Services -5% 0 5% 10% 15% 20% 25% Distinct competitive drivers as world evolves towards cloud native GROWTH 10#11Strategy implementation on track and end-to-end businesses live Tietoevry Connect Strategic choices Clear business choices to capture market growth and expansion opportunity 1. 2. 3. Focus investments to expand cloud native End-to-end businesses with full accountability and broader options to scale Solid implementation • • Live with end-to-end businesses Updated brand & Identity Strong market focus and wins High employee engagement Tietoevry Transform Tietoevry Create Tietoevry Care 4. tietoevry capabilities and scalable software businesses Drive partnerships to scale in managed application and infrastructure services Tietoevry Industry Tietoevry Banking#12Attractive business mix to drive financial performance Tietoevry Create Tietoevry Banking Tietoevry Care Tietoevry Industry CURRENT REVENUE MIX GROWTH LONG TERM POTENTIAL EBITA adj. DRIVERS High Around group average • . Leading capabilities addressing global market demand Expand markets and scale incl. M&A . Medium Above group average High Above group average • Medium Above group average • Competitive software and as-a-service offering Investments into Banking-as-a-service for growth and expansion incl. M&A Competitive software with market expansion potential Investments for growth incl. M&A Fit for purpose software and solutions Competitive software, customer knowledge and installed base Customer base and knowledge built over the years Tietoevry Transform Lower Below group average • • Invest to managed services automation Tietoevry Connect Lower Below group average • Automated operations Partnerships to drive scale against price erosion tietoevry Indicative growth profile: High: >8% Medium: 3-8% Lower: <3% Business profiles with restated numbers to be available prior to Q1'22 report 12#13Investment priorities geared towards sustainable high growth businesses Invest to expand Partner to scale . Invest to accelerate products, services • and capabilities Invest in capabilities to drive scale and automated managed services • Prioritized M&A Create Banking 調 Care Seek partners (operational and structural) to jointly invest and scale 4 Transform Connect Focus for value Optimize investments for selected businesses • Develop portfolio to increase focus Industry Active portfolio development to drive focus and scale in all businesses 13#14Why invest in Tietoevry? tietoevry 14#15Capital allocation priorities to support growth ambitions and create shareholder value Investing into the businesses USE OF FREE CASH FLOW Investing in growth areas to support the 5% growth target of 2023 1. Dividend 2. Deleveraging " M&A 3. Distribution of excess capital Increased dividends annually* Net debt/EBITDA <2 by 2022 M&A supporting growth Extraordinary dividend tietoevry *baseline 2019 original dividend proposal of 1.27 €/share 15#16Tietoevry offers an attractive investment opportunity Maximizing total shareholder return Dividend • Increased dividends annually Share price • Improved growth profile - 5% • Improved profitability - 15% Adj. EBITA • Improved free cash flow Realizing the full value potential from software businesses#17tietoevry#18Appendix tietoevry 18#19Service lines until Q4'21 Bringing global capabilities to the Nordics Digital Consulting Cloud & Infra Industry Software Consulting, system integration, managed application services across customer experience management, business applications, analytics, cloud advisory and cloud native development Managed cloud, security and end-user services, including cloud migration advisory and transformation Product Development Services 5% Revenue 2021 International operations Digital Consulting 24% 5% Financial Services Solution 17% €2823m Industry Software 19% Industry-specific software, SaaS solutions including related professional services for Public sector, (Case management, Healthcare, Welfare, Education), Industrial (Oil & gas, Manufacturing, Utilities) and Data platform services Product Development Services Financial Services Solutions Software, SaaS, platform-based BPO and related professional services for core processes and functions for Financial Services industry - Core banking, Payments incl Cards, Credit and wealth management Product Development tietoevry Services Advanced software R&D services across Telecom, Automotive, Consumer Electronics industries *Adjusted for restructuring costs, capital gains/losses, goodwill impairment charges and other items affecting comparability Financial Services Solution Industry Software Cloud and Infra 30% Adj*. EBITA 2021 International operations Digital Consulting €368m / 13.0% Cloud and Infra 19#20Q4'21 financials tietoevry 20#21Tietoevry Q4'21 Business highlights Revenue EUR 742 million, organic growth* 3% Reported growth 4%, currency impact EUR 25 million Adjusted EBITA** EUR 103.3 (106.4) million, 13.9% (14.9) 800 Organic growth* 3% Adj. EBITA** 13.9% (down 1.0%) Strong growth in software businesses, PDS and International Operations 600 742 722 Negative revenue impact of appr. 1% for the Group from pre-merger lost customers in Cloud & Infra 712 712 648 400 Higher attrition and salary inflation impact growth and profitability across businesses 200 14.9% 11.5% 12.2% 14.5% 13.9% Operating cash flow EUR 169 (125) million 0 Q420 Strong order backlog up by 5% YoY and 11% QoQ Q121 Adj. EBITA % Revenue Q221 Q321 Q421 * Adjusted for currency effects, acquisitions and divestments ** Adjustment items include restructuring costs, capital gains/losses, impairment charges and other items affecting comparability tietoevry 21#22Digital Consulting Business highlights Revenue EUR 176 million, organic growth* -1% Adjusted EBITA** EUR 24.8 (29.9) million, 14.1% (17.3) 200 Organic growth* -1% Adj. EBITA** 14.1% (down 3.2%) Continued growth in Cloud, Data & Analytics Traditional application services continue to decline, while strong wins in ERP business 150 Continued net headcount increase and active recruitment to support future growth 100 175 173 173 176 144 High attrition level temporarily impacting growth and productivity 50 17.3% 15.1% 13.4% 13.0% 14.1% Strong order intake in Q4 – confirming competitiveness and laying foundation for growth in 2022 0 Q420 Q121 Adj. EBITA % Revenue Q221 Q321 Q421 * Adjusted for currency effects, acquisitions and divestments ** Adjustment items include restructuring costs, capital gains/losses, impairment charges and other items affecting comparability tietoevry 22#23Cloud & Infra Business highlights Revenue EUR 218 million, organic growth* -7% Adjusted EBITA** EUR 20.8 (19.3) million, 9.5% (8.5) 300 Revenue decline due to pre-merger lost customers -3%, reduced hardware sales -2% Organic growth* -7% Adj. EBITA** 9.5% (up 1.0%) 250 Decline in traditional infrastructure continues 200 Cloud growth +5%, Security Services +57% 150 Strong order intake and increase in order backlog 227 216 218 218 100 201 Performance acceleration announced to drive cloud growth and profit improvement 50 8.5% 4.0% 6.0% 9.2% 9.5% 0 Q420 Q121 Q221 Q321 Q421 Adj. EBITA % Revenue * Adjusted for currency effects, acquisitions and divestments ** Adjustment items include restructuring costs, capital gains/losses, impairment charges and other items affecting comparability tietoevry 23#24Industry Software Business highlights Revenue EUR 131 million, organic growth* 7% Adjusted EBITA** EUR 33.9 (35.1) million, 25.8% (26.2) Strong performance across all main businesses 150 Organic growth* 7% Adj. EBITA** 25.8% (down 0.4%) Significant growth and new wins in Public 360 SaaS business and healthy growth in Health & Care 100 Healthy profit level driven by growth and continuous productivity improvement incl. software development practices 134 136 139 131 116 50 26.2% 20.1% 23.1% 27.8% 25.8% Divestment of three smaller software businesses - Alystra, Jydacom and TRYGG/2000 - closed in December 0 Q420 Q121 Q221 Q321 Q421 Adj. EBITA % Revenue * Adjusted for currency effects, acquisitions and divestments ** Adjustment items include restructuring costs, capital gains/losses, impairment charges and other items affecting comparability tietoevry 24#25Financial Services Solutions Business highlights Revenue EUR 129 million, organic growth* 12% Adjusted EBITA** EUR 18.5 (15.2) million, 14.4% (14.0) Continuing strong growth across portfolio especially in Credit, Banking as a Service and Cards business Investments continued to support growth and 100 Organic growth* 12% Adj. EBITA** 14.4% (up 0.4%) expansion opportunities Profit development driven by revenue growth and continuous efficiency improvement 129 119 112 111 50 109 14.0% 10.9% 13.7% 16.3% 14.4% 0 Q420 Q121 Adj. EBITA % Revenue * Adjusted for currency effects, acquisitions and divestments ** Adjustment items include restructuring costs, capital gains/losses, impairment charges and other items affecting comparability tietoevry Q221 Q321 Q421 25#26Product Development Services Business highlights Revenue EUR 44 million, organic growth* 20% Adjusted EBITA** EUR 5.4 (5.0) million, 12.0% (13.8) Strong growth driven by Telecom and successful Nanjing R&D center site opening and recruitment Several new customers and extended contracts in automotive and consumer electronics Profitability impacted by attrition, increased subcontracting and salary inflation 50 110 40 30 Organic growth* 20% Adj. EBITA** 12.0% (down 1.8%) 44 20 20 37 36 36 36 10 13.8% 12.0% 10.4% 11.3% 12.0% 0 Q420 Q121 Q221 Q321 Q421 Adj. EBITA % Revenue * Adjusted for currency effects, acquisitions and divestments ** Adjustment items include restructuring costs, capital gains/losses, impairment charges and other items affecting comparability tietoevry 26#27International Operations - strong growth across all markets Performance Drivers • • • Focus as innovation oriented partner for new cloud and data technologies - modern DevOps as standard Healthy demand for new business in Fortune500 companies (US primarily) Proven high quality as a positive network effect for new customers Strong capabilities in cloud, data and software engineering Delivery model utilizing strength of our Global Delivery Operations Q4 revenue EUR 43 million Organic growth* in Q4 26% About International Operations • • • Digital consulting services for markets outside the Nordics Deliveries through scalable centres in India and Ukraine Focus on industrial, public and telecom sectors in Europe, healthcare, insurance and professional services in the US International Operations included in reporting segment Other * Adjusted for currency effects, acquisitions and divestments 27