#1tieto EVRY Positioning for growth Kimmo Alkio President and CEO#2tieto EVRY Big strides towards a data-driven world Privacy Circular economy Cybersecurity DIGITAL PRODUCTS DIGITAL ENTERPRISES DIGITAL SOCIETIES Personalized Sustainability Ethics#3tieto EVRY Technology at the core of transformation to a data-driven world Digital Societies Digital Enterprises Digital Products Value creation Faster and better products & services TODAY Experiences enabled by data Covid-19 has further accelerated Digital by~ 3 years Time Core enablers Distributed cloud Data & analytics 5G and Edge Open ecosystem 3#4tieto EVRY Agile enterprises becoming a new norm in the data-driven world Traditional world Functional, process-led and technology for efficiency Design-Build-Run Business process – Applications - Infrastructure 15% Cloud based services Enterprises & Societies Technology services & software 15% Data & Analytics Digital world Organic, adaptive and technology for competitiveness Market growth drivers Business focused Design - Data - Cloud - DevOps - Automation 10% Core software 20% Automation and DevOps 4#5tieto EVRY TietoEVRY aims to be the trusted partner in realizing customers' Digital ambition Digital Societies Sustainable societies providing advanced experiences and well- being Digital Enterprises Customer experience focused, adaptive and data-driven enterprise Digital Products Develop connected and hyper- personalized products 5#6tieto EVRY TietoEVRY at the core of the Digital future Advanced managed cloud solution live with >250 large enterprises in the Nordics Global software R&D advancing the hyperconnected world through 5G and edge Pioneering loT transportation solutions in Europe with one of the largest implementations Most secure cloud solutions for Nordic public sector compliant to national regulation 6500 digital experts creating data-driven solutions each day for Nordic society >8bn card transactions processed each year utilizing TietoEVRY Cards software >10 million Nordic citizens' well being enabled by TietoEVRY Health & Care solutions Tieto EVRY Payments software enabling real- time commerce in 50 countries 50+ years of experience in realizing complex enterprise transformations across multiple technology lifecycles 6#7tieto EVRY Building on our strengths in the Nordics and software land 24% Financial Services Solutions 15% Industry software 17% Other Ukraine 8% India 19% Other Other Czech 10% Sweden 32% Norway 31% Product Development Services 5% Digital consulting 25% Cloud & Infra 34% Sweden 19% Finland 13% Norway 19% Markets Nordic enterprises and public sector with >80% of revenues Global software and product development services ● ● Services Enabling Nordic Digital societies applications and cloud Differentiating software in financial services, health & care ● Employees Among largest Nordic technology employer ~12000 ~24000 employees serving customers in ~80 countries ● ● Revenue*: 2951 MEUR EBIT adj*: 11.6% *2019 restated financials Creating digital advantage for businesses and society - augmented by TietoEVRY merger#8tieto Evry Build a leading Nordic Digital and Software company, expanding internationally through chosen services International Nordic Managed cloud, AlOps Cloud & Infra Design, Cloud native, Data, DevOps, Automation Digital Consulting Expand in Nordics + Energy, Mill execution software Health & Care, Public services Industry software Payments software Core banking, Wealth, Credit Financial Serv. Solutions Expand International Telco, Automotive, Electronics Product Dev. Services Reshape growth profile Augmented by merger Global capabilities Attractive financial returns 8#9tieto EVRY Accelerated growth through cloud, data and software Growth driver 1 2 3 Capture the market digital momentum Drive software differentiation and expansion End-to-end solutions addressing customer complexity Growth choice Public cloud services Data & Analytics solutions DevOps and automation Payments software and cards services Nordic healthcare and citizen services Product Development Services Growth ambition >20% >10% Key choices driving growth profile and business mix 9#10tieto EVRY Consistently improving digital business mix Digital Design, Customer Experience Cloud, Data & Insights Software/SaaS Product Development Services Transforming Managed services (apps and infra), packaged software, system integration Traditional Custom infrastructure services, legacy applications and software *Offering development investments 49% 29% 22% 2019 Revenue mix 60% 27% 13% 2023 Investment mix* >70% >20% <10% ● High growth in Digital Services driving sustainable growth DevOps and automation transforming managed services Accelerated decline in traditional infrastructure services with cloud adoption Investment level 4-5% of revenues focusing on Digital capabilities, AIOps and software development 10#11tieto EVRY Financial targets 2023: Driving attractive financial performance and shareholder returns Accelerating growth to 5% by 2023 Revenue growth* 2.7%* ** 2019 5% 2023 EBITA adjusted 15% by 2023 Adjusted EBITA 11.6% 1 2019 15% 2023 *Excluding large M&A, adjusted for FX. 2019 unofficial combined financials **Baseline 2019 original dividend proposal of 1.27 €/share One-time items ~1% of revenues by 2022 One Time Items as % of revenue ~6% 2020 ~1% 2022 Increased dividends annually Dividend per share** €1.27 2019 2023 Net debt/EBITDA <2 by end of 2022 Net debt / EBITDA 2.70 2019 <2 2022 11#12tieto EVRY Each business contributing to the overall financial ambition Digital Consulting Cloud & Infra Industry Software Financial Services Solutions Product Development Services TietoEVRY Growth by 2023 7-9% 0-2% 6-8% 6-8% 8-10% 5% EBITA (adj) by 2023 15-17% 11-13% 20-22% 18-22% 12-14% 15% Scale data and cloud capabilities across Nordics and delivery centers Benchmarked productivity and automation Drive multi-cloud services reduce legacy Accelerate AlOps and global delivery SaaS, enhance functionality and market expansion Harmonized software R&D practices Expand banking, payments and cards Realize scale from investments Expand industry and market reach Continue efficiency drive and invest for scale 12#13tieto EVRY Accelerating growth to 5% by 2023 Growth trajectory Growth % YoY Merger of TietoEVRY 2019 Key drivers Year of integration + Covid-19 ● 2020 COVID-19 headwind in Q2-Q4 Year of integration ● ● ● ● ● Return to growth H1 21 H2 21 Back to solid growth in H2 2021 Negative growth in H1'21 (vs H1'20) due to continued Covid- 19 impact and lost customers pre-merger in Cloud & Infra Accelerating growth in Financial Services Solutions Digitalizing public services and healthcare with software Digital Consulting growth momentum post Covid-19 Cloud & Infra driving cloud and AIOps Accelerated growth ● 2022 No COVID-19 headwind Banking as a Service expansion in the Nordics Large national transformations in Healthcare and Welfare Scale of growth choices - Cloud, Data & insights, automated managed services and PDS Capitalizing on the growth drivers 5% ● 2023 Growth trajectory continues Improving Digital business mix and possible bolt-on M&A 13#14tieto EVRY Integration update: Consistently realizing the merger potential Merger driver Common operations and cultural foundation Synergies of 75M- efficiency and cost structure Fintech value proposition Growth from complementary customer base Nordic Digital Consulting scale 1 Accelerate Cloud adoption in the Nordics Progress to-date ● ● ● ● ● ● Operating model and culture code launched High employee engagement 76 (/100) Synergy run-rate of 70-80M€ realized Increased synergy ambition to 100M Initial synergies with service portfolio Strong pipeline and deal closures Integrated go-to-market and services established Initial wins with common service portfolio Increased scale of services and investments Common delivery models incl. global delivery Redefined delivery models and partnerships AlOps and multi-cloud programs ongoing Focus shifting to growth with integrated solutions and global scale 14#15tieto EVRY Systemic implementation building on the combined TietoEVRY capabilities from the merger 2020 Integration Low growth and expand profits Build integrated TietoEVRY, drive synergies and laying foundation for future performance 2021 Enable growth Back to growth and expand profits 2022-23 Growth and expansion Strong growth and profitability Back-to-growth post-Covid and realize merger - investments and portfolio optimization for growth Accelerate growth, digital capabilities and expand markets 15#16tieto EVRY Creating an exciting place to work Nordic values ● Openness, Trust and Diversity #CultureCode Lifelong learning ● Multiple curriculums Empowered communities and thought leaders Purposeful work Building sustainable ● ● societies Corporate social responsibility Inclusive workplace Flexibility and responsibility Engaging leadership Collaboration hubs ● One of the largest communities of technology and business professionals in the Nordics 16#17tieto EVRY Enabling sustainable Digital societies at the core of our engagement and operations PEOPLE PLANET Gender balanced Workforce by 2030 A 100% Reuse and recycling of hardware 100% Of employees feeling safe to speak up 100% Use of green energy in datacenters and offices 275 Employee engagement score 80% Reduction of CO2 emissions of in own operations 2020-2023 M Zero Breaches of privacy Avoided emissions For customers exceed those created in own operations pp Net zero On carbon emissions 2025 17#18tieto EVRY Summary: Positioning TietoEVRY for growth Higher growth driven by accelerating digital adoption of Nordic enterprises and public sector Unlocking value of software businesses with higher scale and international expansion Expanding the value potential of the merger - synergies, growth and scale Upgraded financial targets to 5% growth and 15% EBITA adj by 2023 Attractive shareholder returns 18#19tieto EVRY All information in this material is for informational purposes only. The opinions and viewpoints regarding, inter alia, the future of the company and markets are of TietoEVRY and may not actually materialize. This information should not be construed as an investment recommendation or investment advice. All information expressed herein is subject to change without notice. Neither TietoEVRY nor its officers nor employees shall have any liability for any loss sustained by anyone who has relied on the information provided.#20tieto EVRY#21tieto EVRY Advancing Nordic Digital Thomas Nordås Digital Consulting V#22tieto EVRY Fundamental shift in Consulting and Application Services Industry consulting Business process engineering Application development System integration Business intelligence Managed applications Application outsourcing From Engineer a process Build applications and get data Manage applications Deliver as projects and continuous services To Advance a business Collect data and build applications Evolve my applications Digital consulting Business consulting Experience design Data & Insights Cloud native development SaaS and APIs Automated full-stack managed services Deliver as DevOps - fast continuous development The Nordics as a mature market leading the Digital leap Covid-19 impacting in the short term while accelerating Digital Digital Consulting at the core of Nordic transformation 2#23tieto EVRY Built on 50+ years of deep Nordic customer trust and insight Leading Nordic digital services Largest reach of Nordic enterprises and public sector with ~3 000 customers Finland 32% Norway 32% Global capabilities for Nordics >6 500 professionals forming the largest Nordic Digital practices India 21% Czech 7% Finland 20% Sweden 36% Other Sweden 24% Norway 22% Services covering full spectrum Well positioned to drive customers' Digital agenda Design / CX Revenue 2019 736 Advisory Strong financial foundation Driving efficiencies from the merger while high Covid-19 impact during 2020 EUR million Apps Data EBITA Adj. 2019 12% Strong market momentum, impacted by Covid-19 during 2020 Augmented by the merger: 2x capabilities and market reach Building on deep customer knowledge and technology expertise 3#24tieto EVRY Digital capabilities at scale enabling a unique market position and provide competitive advantage for customers Creating distinct designed experiences Design, customer engagement and digital commerce CX Reliable transformation to next cloud and agile System and service integration, application and cloud native development Advisory DEVOPS CODE ∞ TEST AUTOMATION PLAN RELEASE Apps DEPLOY MONITOR Foundation for strategic decisions and execution Business, industry, and technology advisory and enterprise architecture Data Capturing the full value of data and turning it to competitive advantage Data integration, engineering, management and analytics 4#25tieto EVRY Highly engaging workplace combined with purposeful work and exciting technologies Digital consulting team Meaningful work enhancing Nordic citizen experience and business outcomes Exciting careers across global technology ecosystem Global teams and networks, building collective knowledge Highly engaging workplace Value foundation of openness, trust and diversity Continuous learning and growth 5#26tieto EVRY Our financial ambition by 2023 * Revenue growth ~1%* 2019 Unofficial 7-9% 2023 Adjusted EBITA 11.9% 2019 % 2023 Growth drivers Scale of digital capabilities - Cloud native development, automated managed services, Data & Insights, DevOps Proactively transform traditional application services and system integration Expand managed application services footprint in Norway and Sweden Profitability drivers Automation of managed services (applications and infra) Learning programs enabling continuous reskilling Adaptive pricing models Global capability development Normal productivity development, e.g. utilization Short-term business drivers Covid-19 impact on growth to continue during H1/2021 Emphasis on efficiency and productivity to continue 6#27tieto EVRY Business mix development supported by investments in digital capabilities Digital Design, Customer Experience Cloud, Data & Insights Next Gen Apps Cloud advisory Advisory Transforming Traditional managed services (apps), system integration Core Solutions (ERP) Traditional Traditional application services 35% 35% 30% 2019 Revenue mix 60% 30% 10% 2023 Build digital capabilities on fast track - Cloud, Data and Design Proactively transform current outsourcing engagements to Devops High focus on automation of workflows across full stack for managed services#28tieto EVRY Trusted partner for Nordic enterprises and public sector - advancing Digital A global machinery company Capturing new growth opportunities with cloud and data A global forest-based bioindustry company Enabling operational efficiency through industrialized services A leading provider of cargo and load handling Enabling Digital commerce and self-service for spare parts The city of Stockholm Ensuring efficiency of core processes for resident experience and wellbeing A leading Finnish retailer Advancing businesses with full- stack and automated managed services The largest earnings-related pension insurer in Finland Advancing pension insurance core processes and Digital agenda One of the leading Finnish telecommunications operators Unlocking growth with the backbone for online B2B and B2C sales An authority managing public transport in the Helsinki region Pioneering intelligent transportation in the Nordics An international industrial engineering company Improving performance of marine engines through predictive maintenance A global maritime industry group Application services enabling reliable global shipping operations A leading Nordic parking solution provider Co-creating next generation digital parking experience A regional health authority in Norway Developing technology and applications for experience and care A global crop nutrition company Enabling autonomous logistics operations with data driven solutions The most popular mobile payment service in Sweden Foundation for interoperable and realtime payment solutions A global frontrunner in minerals processing Renewing digital customer journeys with a global digital sales platform Enabling efficiency of public services in the Nordics for 50+ years 8 Confidential#29tieto EVRY Our winning formula Foundation Market momentum Augmented by merger Proven capabilities Critical success factors Proactive DevOps adoption and automation Speed of cloud and data capability build up Accelerated growth and profitability expansion 9#30tieto EVRY All information in this material is for informational purposes only. The opinions and viewpoints regarding, inter alia, the future of the company and markets are of TietoEVRY and may not actually materialize. This information should not be construed as an investment recommendation or investment advice. All information expressed herein is subject to change without notice. Neither TietoEVRY nor its officers nor employees shall have any liability for any loss sustained by anyone who has relied on the information provided.#31tieto EVRY#32tieto EVRY TietoEVRY software business Leading software-driven digital transformation Christian Segersven Financial Services Solutions Industry Software#33tieto EVRY Market growth drivers Software driven transformation across multiple industries ● ● ● ● Customer centricity & experience Realtime services Automated operations powered by analytics and Al Security, Compliance and Regulation Integrated ecosystems and platforms Covid-19 digital acceleration 2#34tieto EVRY ● ● TietoEVRY software business Leading software-driven digital transformation in high-growth industries Billing & Invoicing Energy Utilities and Oil & Gas Retail & Construction GEN Forest, Pulp, Paper & Fibre Public Sector Information Services Health & Care Industrial-tech 1 200 Employees GOV-tech 2 300 Employees Industry Software Tieto EVRY software business FIN-tech 3 000 Employees Financial Services Solutions ● ● Core Banking Financial Crime Prevention Card as a Service Banking as a Service Payments Wealth Credit 3#35tieto EVRY ● ● Focus on developing and running modern and scalable software platforms Banking Platform Payment Suite Health & Care portfolio Data & Al enablement • Modernization of engineering operations Speech & face recognition Focused investments Engineering excellence User experience Modern & scalable software Innovation Factory Cloud / SaaS B Data & Al ● ● ● Design Lab User group communities All software's available as SaaS 60% public cloud native by 2023 Al powered automation Modern analytics technologies#36tieto EVRY Financial Services Solutions 5#37tieto EVRY The partner of choice for software-led transformation in Financial Services Revenue 2019 434 EUR million Share of group revenue 15% EBITA Adj. 2019 13.6% Services & Products Banking as a Service Cards as a Service ● ● ● Customers and markets Nordic & Global Tier 1, regional financial institutions ● Software Products: Payments, Credit, Core Banking, Wealth and Financial Crime Prevention ● Central Banks and real-time payment infrastructure Market position Leading FS power house in the Nordics Among the leaders in Payments, Cards and ATM globally ● ● 6#38tieto EVRY Financial Services industry driving consistent growth and accelerating demand for digital services Market dynamics ● ● Realtime Transactions Seamless Customer Experience Regulations & Compliance Cost pressure Fraud and security Rapid cloud deployment Accelerated by Covid-19 Relevant market growth (CAGR 2020-2023) Financial Services software and solutions Payments Domain Banking as a Service Cards as a Service 5-6% 8-9% 4-5% 7-8%#39tieto EVRY A merger for growth and expansion in the Nordics and globally 2019 Tieto Financial Services Solutions + EVRY Financial Services Solutions 2020 TietoEVRY Financial Services Solutions (FSS) Growth and portfolio synergies Nordic Market International Market Portfolio synergies 8#40tieto EVRY Solution portfolio aligned to meet the needs of financial institutions in Nordics and globally Scalable platforms Cards as a service Banking as a service Flexible go to market Unique software portfolio Payments Wealth Credit Financial Crime Prevention Core banking Unique Software portfolio - multiple delivery models (on-premise, SaaS and BPO) 9#41tieto EVRY Unlocking the scale through modernized portfolio and international expansion Scalable API-based cloud native banking platform, incl. BPO Unique and fully localized in Norway, Sweden and Finland Full value chain of card services and ATMs #Top 1 Cards platform in Nordics and #3 in ATMs globally End-to-end automated solutions for credit process #1 Lending solution, localized in Norway, Sweden and Finland Enabling payments in a real-time economy #Top 3 in Virtual Account Mgmt. and high growth in instant payments Streamlining savings & pension operations #1 Investment core platforms in Norway and Sweden Modular core banking architecture built on international standards Fully localized in Norway, Sweden, Finland and the Baltics Best of breed KYC / AML and Fraud detection Fully localized in Norway, Sweden and Finland Scalable Modular Services Software Banking as a Service Cards as a Service Credit Payments Wealth Core Banking SaaS Financial Crime Prevention International Market Expansion Targeted Targeted Global Presence 10#42tieto EVRY The #1 Nordic Banking Platform End-to-end provision of full-scale retail and commercial banking services Bank Customer Services Bank Internal Services Gjensidige Customer centric Cards Issuing Acquiring Advising & Sales Card production Switching Loans & Finance Loans OBOS Banken Corporate Lending Finance BI & Information Reporting Management Daily Banking Loan Servicing Enterprise Master Data centric Management Security Authentication Risk Management Electronic Signature Self-Service Channels Payments Payments S'banken Cash Management Foreign Exchange Financial Messaging Enterprise content Arrears Management Arrears Management Management Card Security SpareBank 1 ATM Savings Deposits Savings Investment Information Management Information Management Fraud Prevention Handelsbanken Tieto EVRY Banking Platform End-to-end digital banking platform 50 Nordic banks onboarded Fully localized in Norway, Sweden and Finland Modular architecture Flexibility and differentiation through product configuration Ecosystem of partners and integrated solutions Landkreditt $$92 SPAREBANKEN MØRE Fana Sparebank S'banken Business outcomes Onboarded banks show best Cost/Income ratio Superior Customer Experience Cost efficient compliance SparebankenVest Swedbank Haugesund Sparebank 11#43tieto EVRY Financial Services Solutions financial ambition by 2023 * Revenue growth ~3%* 2019 Unofficial 6-8% 2023 Adjusted EBITA 13.6% 2019 18-22% 2023 ● ● ● ● ● ● ● ● ● Growth drivers Aggressive expansion in Nordic Banking Platform New Tier 1 customers in Payments Expansion of Credit market footprint Significant market expansion in Cards High Growth in Financial Crime Prevention Profitability drivers Scale of global delivery R&D efficiency Technology harmonization SaaS adoption 12#44tieto EVRY Creating digital advantage for millions of customers every day Some recent wins SEB SEB implementing virtual account management solution ETARY AUT Maldives Monetary Authority implementing Instant Payments Solution DNB Transaction monitoring to prevent card fraud for DNB Ф ОР OP to pilot biometric payment cards Nordea TietoEVRY enters a five-year partnership with Nordea to deliver card services Providing Nordea with a state-of-the-art card service that includes card issuing and processing as well as a dispute process for Norway and Sweden 13#45tieto EVRY Industry Software 14#46tieto EVRY The partner of choice for software-led transformation in Public and Industrial sector Revenue 2019 509 EUR million Share of group revenue 17% EBITA Adj. 2019 14.6% Services Government-Tech Health & Care Public sector process digitalization and case management Information Services ● ● ● Customers and markets Central governments Municipalities Hospitals & Healthcare providers Energy industry Global Pulp, paper & fiber industry ● ● ● ● ● ● ● Industrial-Tech ● ● Market position #1 in Nordic Health & Care #1 in Nordic Education & Case management #1 globally in Hydrocarbon Accounting World Leading forest IT specialist ● Energy and Oil & Gas Forest, Pulp, Paper & Fiber 15#47tieto EVRY Industry Software is at the forefront of software-led transformation Market dynamics COVID-19 pressure on public sector budgets and international business Realtime customer experience Rapid acceptance of cloud deployments Health & Care national initiatives: UNA & SOTE, AKSON Public Sector: efficiency and workplace modernization and public tenders Energy: O&G rapid impact of declining oil revenues and transition to sustainable sources Relevant market growth (CAGR 2020-2023) Health and Care Sector Public Sector Energy Sector Forest Industry 5-6% 4-5% 3-4% 6-7% 16#48tieto EVRY Unlocking the scale through renewed solutions and international expansion Full coverage of hospital information processes Modularized, openEHR based architecture Integrated solutions for family care and elderly care #1 in Nordics, localized in Norway, Finland and Sweden Single view of patient information Cloud analytics for Healthcare, Welfare and clinical research Oil and Gas management systems and logistics YAN World leading hydrocarbon management Manufacturing processing software for paper, pulp,& fiber products World Leading Pulp & Paper Mill Execution System (MES) Digitalization of public sector processes & Case management Top #3 in Nordics Billing & Invoicing, Industrial messages and citizen's data management Leading B2B and B2C information exchange in Nordics Scalable Modular Services Software Hospital Information Software Welfare Management Software SaaS Health & Care Cloud Analytics Energy Components Production Excellence Public 360 Multi-channel invoicing & messaging International Market Expansion Targeted Targeted Global Delivery 17#49tieto EVRY TietoEVRY software for GOV-tech Impacting the lives of over +20 million citizens in the Nordics Health & Care Public Sector DO Information Services Customer base: Private, University & Regional hospitals Primary care centres & municipalities ● ● Customer base: Governments, Regions, Municipalities Customer base: ● Governments, Regions, Municipalities ● ● Hospital Information System Primary and secondary care Laboratory & Digital Diagnostics Clinical systems & Imaging Elderly and home care Family and childcare Case management, E-archiving, HR & Payroll systems Student management and Online education tools Data marketplaces Data Analytics Platforms Data Quality Improvement tools #1 in Nordic Health & Care serving 1500+ public & private care givers #1 in Nordic for Education & Case management serving 500+ public & private bodies #1 in Norway on real-time data for citizens with www.infotorg.no 18#50tieto EVRY TietoEVRY software for Industrial-tech Ensuring business continuity and modernization for companies and industries world-wide Billing & Invoicing, Industry message Pulp, Paper & Fibre Energy Retail and Construction ค Klarna. DNB Swish MM KARTON AG Chevron AHLSTROM MUNKSJÖ BEIJER BYGGMATERIAL Metsä * UPM ELLEVIO /OPTIMERA/ ● ● ● Multi-channel billing & invoicing B2B integration platform (order management and swift bureau) Wood purchasing & production planning Mill Execution System (MES) Energy Utilities Oil & Gas ERP (Enterprise resource planning) Logistic planning Leading in invoicing & Enterprise Messaging in the Nordics Our MES solutions running 300+ paper mills worldwide #1 globally in Hydrocarbon Accounting with 100+ global customers 400+ customers in the construction segment using our ERP solution 19#51tieto EVRY Industry Software financial ambition by 2023 * Revenue growth ~3%* 2019 Unofficial 6-8% 2023 Adjusted EBITA 14.6% 2019 20-22% 2023 ● ● ● Growth drivers Health & Care domain Rapid expansion in the digitalization of public sector Consistent demand in industrial sector Profitability drivers Scale of global delivery R&D efficiency Technology harmonization SaaS adoption 20#52tieto EVRY Creating digital advantage for millions of customers every day Some recent customer wins JL Region Stockholm Region Stockholm to facilitate more accessible healthcare to better respond to future care needs Innovation Norway Digitalizing case and document management with P360 for Innovation Norway across 30 countries to improve efficiency and collaboration AHLSTROM MUNKSJÖ Digitalizing and modernizing over 40 plants for Ahlstrom-Munksjö with our Mill Execution Software (MES) ++ During 2020, our Welfare unit secured - 14 new Swedish municipalities 50 new municipalities in Norway - onboarded 40 municipalities to the Finnish national service Kanta, digitalizing social care in the Nordics K B2B integration and messaging services supporting purchase-to-pay and order-to- cash processes utilizing our Industry messaging platform Reliance Industries Limited First deal ever in the Indian oil and gas industry signed with Reliance Industries, implementing our Hydrocarbon Management Software 21#53tieto EVRY TietoEVRY software creates Digital Advantage for people, business and society Great Industry know-how Competitive software products Ch A Proven impact Solid trajectory |ılı. Stable pipeline A foundation for growth and expansion 123 000 * 22#54tieto EVRY All information in this material is for informational purposes only. The opinions and viewpoints regarding, inter alia, the future of the company and markets are of TietoEVRY and may not actually materialize. This information should not be construed as an investment recommendation or investment advice. All information expressed herein is subject to change without notice. Neither TietoEVRY nor its officers nor employees shall have any liability for any loss sustained by anyone who has relied on the information provided.#55tieto EVRY#56tieto EVRY The digital heartbeat of the Nordic society Johan Torstensson Cloud & Infra TIV -- ਕੀਤ#57tieto EVRY Companies that succeed in harnessing (new) data, cloud and hyper-connectivity, will be the new industry leaders#58tieto EVRY The Nordic market leader in Cloud and Infrastructure Managed Services Revenue 2019 1 005 EUR million Share of group revenue 34% EBITA Adj. 2019 11.2% Services Advisory, Transformational and Managed services for: Multicloud, including public, private and hybrid cloud Edge compute and connected devices Application operations ● ● ● ● Customers and markets Serving enterprises headquartered in the Nordics Nordic public sector ● ● ● ● Digital workspace Cybersecurity Traditional Infrastructure services, including midrange and mainframe Market position #1 in Managed Services & Cloud Infrastructure Services in Finland, Sweden & Norway in 2018 & 2019* Leader in hosted private clouds in Nordics Accelerating in managed public cloud 3#59tieto EVRY Data growth fuelled by digital technologies and software-driven business models Automation, Analytics and Al driving the Autonomous Enterprise +500% Data growth by 2025. From 32ZB in 2018 to 175ZB in 20251 Connected devices, Edge and 5G are driving new business models 500 million By 2023, over 500 million new digital apps and services developed using cloud native approaches 1. EU, European Data Strategy 3. Gartner, Market Trends Cloud Shift - 2020 Through 2024, August 2020 Multicloud, the new foundation for transformations at scale 45% Over 45% of IT spending in the segments included as part of cloud shift will have shifted to cloud by 2024 (up from 33% in 2020) ³ 3 Cybersecurity threats and compliance demands drive complexity and demand for security services 80% By year-end 2023 more than 80% of companies worldwide will be facing at least one privacy-focused data protection regulation 4 2. IDC FutureScape: Worldwide IT Industry 2020 Predictions, Doc # US45599219, October 2019 4 Gartner, Predicts 2020: Embrace Privacy and Overcome Ambiguity to Drive Digital Transformation, November 2019 4#60tieto EVRY To drive Digital Advantage, enterprises need digital platforms accelerating change Operationally stable and resilient supporting business continuity Scalable to meet changing demands Digital platform requirements Connected to a wider technology ecosystem to enable data democratization Secure data from cybersecurity threats Compliant with industry- specific regulation and local legislation Highly automated to support business agility and innovation Fit for purpose and cost efficient to ensure maximum return on digital investments#61tieto EVRY Enabling our customers to focus on their transformation towards Digital Advantage We connect, protect and manage Digital Business Data and Enterprise IT Data Supporting the customers' journey to a multicloud ecosystem and managing the diversity in a sustainable manner Providing Edge compute to support efficient data collection and analytics from connected devices Providing regulatory compliant services and protect privacy through the lifecycle of the data Connecting Digital Business Data with Enterprise IT Data, enabling new insights and business value for the customer Secure Enterprise IT Data Over 300 current Enterprise IT customers Scalable O AlOps Stable * Digital Business Data#62tieto EVRY Our growth areas Moving from traditional outsourcing to advisory led services - connecting, protecting & managing data with intelligent automation Multicloud ● ● ● Cloud migration & transformation Multicloud management Public, private & hybrid cloud operations Connected devices & Edge ● Connected devices loT management Edge services Connectivity services Security & Compliance ● ● Managed identity across the ecosystem End to end zero-trust access Security Operations Center driven by Al and machine learning Secure and compliant by design, automated by AlOps Enterprise IT-aaS ● ● Management of complete application value chains including infrastructure Workspace & digital touchpoints#63tieto EVRY Our winning formula is our unique combination 199 *** Full-scale service integrator Service portfolio spanning from mainframe to public cloud & connected devices for a holistic and integrated service experience Nordic presence Unique talent pool of advisors and experts with local market & industry knowledge, contributing to customer value creation Flexible delivery models & data location Choice of local, EU and global expertise to meet market cost expectations. Data location to meet customer demands & regulations 8 Microsoft HITACHI Inspire the Next ORACLE Strong partner ecosystem Access to the latest technologies to provide innovation at speed for our customers ......... CISCO SAP Platinum Partner vmware at work open source amazon Tweb services servicenow DELL Google Hewlett Packard Enterprise#64tieto EVRY Evolving to an integrator of cloud-based & data-driven digital business Services ● ● ● Multicloud Connected Devices & Edge Cybersecurity Enterprise-IT-as-a-service Advisory led services Private clouds Application operations Workspace services Traditional infrastructure capacity services HW&SW sales 2023 projection 2019 UP 20-30% UP 1-3% DOWN 10-20% 2023 Drivers Digital business driven demand Higher customer value/advantage by co-creation Advisory led Integrated partner ecosystem solutions Asset light ● ● Technology driven demand Maturing market Requires high standardization Economies of scale Asset heavy ● ● Cost driven demand Asset heavy Customization at scale Mature technologies ● ● Future prediction in 5+ years Confidential#65tieto EVRY Increased scale & AlOps automation as key profit drivers 0000 Oiii Bo 1110 Increased scale Greater combined workload volume post merger Advisory led portfolio Advisory and transformation services providing increased revenue Tech partnerships From 'build our own' platforms to co-creation with partners. Less investment cost, greater speed AlOps automation Customer solutions with intelligent automation as a core Service consolidation Consolidation of services including target platforms, data centers & tools driving efficiencies Procurement power Combined scope providing stronger buying power and better discounts#66tieto EVRY Customer focused transformation to support growth ambitions 2020 Merging capabilities ● Create multicloud capabilities (with partners) IBM workload insourced (transition & trim) First wave service consolidation 2021 Transformation & Growth ● Cloud acceleration & IBM workload transformation Edge & connected devices - proven services in the market • Security & compliance portfolio enhancements ● • Accelerating AIOps automated customer base ● · Second wave service consolidation (tools & data centers) Total investments in growth is 4-7% of revenue, of this: 4-6% for transforming and new platforms (CAPEX) 0.5-1% in development of new and innovative services 2022-23 Growth Acceleration ● Multicloud services at scale AlOps automation at scale Edge & connected devices - continued growth journey • Targeted security & compliance posture across all services 11#67tieto EVRY Our financial ambition by 2023 Revenue growth ~1%* 2019 * Unofficial 0-2% 2023 Adjusted EBITA 11.2% 2019 11-13% 2023 ● ● Growth drivers Multicloud transformation at scale Digital business data growth Demand for in-country compliant services Joint go-to-market with technology partners ● ● ● ● ● Profitability drivers Increased scale AIOps automation Service consolidation Advisory led portfolio Technology partnerships Procurement power Short-term business drivers Temporarily lower profitability until summer 2021 due to lost customers pre- merger, Covid-19 impact and incremental costs in IBM related quality improvement High focus on efficiency and automation to ensure optimal cost structure 12#68tieto EVRY Our growth areas are already taking off ILMARINEN Multicloud "As a responsible company, we are continuously looking for ways to improve our business, enable a smooth customer experience and manage our customers' pension assets in a cost- efficient and secure manner. By expanding cloud services, we will accomplish savings and strengthen both the digitalization of customer processes and the flexibility of service development". Mikko Lantto Ilmarinen's Director of Technology and Development O Digdir Security & Compliance "When we enter the market, we look not only for a good operating partner but also a good competence partner who, in this case, can give the cloud service an added value." Ottar Sverre Bakken, Director of Digital joint solutions at Dig Dir K Enterprise IT-aaS "We've carefully scanned our options and decided on leading technology companies, including our strategic partner TietoEVRY which has proven strong capabilities to help build digital leadership, accelerate our growth, and ensure business continuity. Large scale automation of IT services will provide considerable improvements in quality and cost- efficiency". Arto Hiltunen CIO, Kesko SYSTEM BOLAGET Connected Devices & Edge Tieto EVRY has developed a self-taught data model using taste descriptions of wine with a result of 91,8 % correct match, by combining machine learning and Al that gives an optimal in-store experience with services for physical stores and at the same time reflecting the increasing demand of online shopping. 13#69tieto EVRY All information in this material is for informational purposes only. The opinions and viewpoints regarding, inter alia, the future of the company and markets are of TietoEVRY and may not actually materialize. This information should not be construed as an investment recommendation or investment advice. All information expressed herein is subject to change without notice. Neither TietoEVRY nor its officers nor employees shall have any liability for any loss sustained by anyone who has relied on the information provided.#70Sensitivity: Internal tieto EVRY#71tieto EVRY Our growth areas are already taking off Multicloud "As a responsible company, we are continuously looking for ways to improve our business, enable a smooth customer experience and manage our customers' pension assets in a cost- efficient and secure manner. By expanding cloud services, we will accomplish savings and strengthen both the digitalization of customer processes and the flexibility of service development". Mikko Lantto Ilmarinen's Director of Technology and Development ILMARINEN Enterprise IT-aaS "We've carefully scanned our options and decided on leading technology companies, including our strategic partner TietoEVRY which has proven strong capabilities to help build digital leadership, accelerate our growth, and ensure business continuity. Large scale automation of IT services will provide considerable improvements in quality and cost-efficiency". Arto Hiltunen CIO, Kesko K Security & Compliance "When we enter the market, we look not only for a good operating partner but also a good competence partner who, in this case, can give the cloud service an added value." Ottar Sverre Bakken, Director of Digital joint solutions at Dig Dir O Digdir Connected Devices & Edge TietoEVRY has developed a self-taught data model using taste descriptions of wine with a result of 91,8 % correct match, by combining machine learning and Al that gives an optimal in-store experience with services for physical stores and at the same time reflecting the increasing demand of online shopping. SYSTEM BOLAGET 16#72tieto EVRY Enabling the hyper connected experiende globally Harri Salomaa Product Development Services Digital Society Digital Services Digital Products 1#73tieto EVRY Building digital technology for the hyper connected devices and experiences 5G Radio Technology 5G Data Infrastructure 5G Cloud Native Embedded SW Connectivity Orchestration Intelligent & High-Speed Computing platforms Connected, mobile & data-rich products Communications and Computing Convergence Infinite possibilities Drones TEXT DA Medical devices Predictive Intelligence Robotics Autonomous Vehicles Mixed reality Applied Articial Intelligence Wearables Intelligent Devices, Networks & Solutions Accelerated innovation through data software 2#74tieto EVRY World-class SW engineering services provider for Original Equipment Manufacturers Revenue 2019 147 EUR million Share of Group revenue 5% EBITA Adj. 2019 10.1% Restated numbers Services We design and develop software for the world's most advanced technology companies, as their strategic supplier, complementing their own R&D Focus on high-end software development services with excellent value for money We accelerate our customer's time to market and innovation in core product development, through deep domain expertise and best in class software engineering practices ● ● ● Customers and markets Leading global OEMs in Telecom, Automotive, Electronics and their technology suppliers such as semiconductor vendors ● ● Expanding customer base with over 60 international customers Market position #1 in Europe in Telecom One of the globally leading software R&D services player in connectivity and networking technologies ● 3