#1Reinventing the world for good Investor presentation tietoevry#2Tietoevry in brief ✔tietoevry#3Diversified business with strong Nordic market presence Other 9% Finland 23 % Norway 35 % Connect 25% Transform 15% Industry 11% Other 14% Ukraine 9% India 19% Czech 10% tietoevcy €2 823m €2 823m 24 389 Sweden 33% Create 24% Care 8% Banking 17% Sweden 18% Norway 17% Finland 13% Markets Nordic enterprises and public sector with >80% of revenues ● Services ● ● Global software and product development services ● Employees Among largest Nordic technology employer ~12 000 ● Software Consulting Infrastructure ~24 000 employees serving customers in ~80 countries 2021 Revenue: €2 823m Adj. EBITA: 13.0% 0.0 Leading technology company with a strong Nordic presence and global capabilities#4Continuous improvement in key financial indicators 1.5 b€ 2017 161 M€ 2017 Revenue í 2018 2019 Adjusted* EBITA 2018 2019 2020 2020 2.8 b€ 2021 368 m€ 2021 *Adjusted for restructuring costs, capital gains/losses, goodwill impairment charges and other items affecting comparability 0.22€** 1.20€ 2017 151 m€ 2017 Dividend / share 0.20€** 1.25€ 2018 0.635€ 2018 Net cash flow from operations Additional dividend 2019 1.32€ 2019 2020 2020 1.40€ 2021 368 m€ 2021#5Financial targets - new strategy support potential for enhanced performance Financial targets as announced at CMD Solid foundation for improved shareholder returns tietoevy Accelerating growth to 5% by 2023 Improved growth profile and profit EBITA adjusted 15% by 2023 Continued strong cash flow generation One-time items ~1% of revenues by 2022¹) 1) In 2022, one-time costs expected to be ~2% of revenue Reduced leverage level enabling investment flexibility Increased dividends annually Continued dividend attractiveness Net debt / EBITDA <2 by end of 2022 ACHIEVED Reduced discount to SOTP valuation#6Strong client base across all sectors telenor geldmaat FJELLINJEN Lyse tietoevry SERVICE GROSSISTENE storgenso DNB posten aibel SJÖFARTSVERKET Metsä O Digdir LOCALTAPIOLA J Suomi.fi Stockholms stad 8 posti K Nordea M VÄSTERÅS STAD zwipe REGION aimo park Rethink Parking. VOLVOFINANS BANK SKANE JL Region Stockholm eika. 6#7Highlights on ambitions relating to sustainable operations PEOPLE PLANET Gender balanced tietoevcy Workforce by 2030 (8) 100% Circularity Reuse and recycling of hardware-own and customer for Human rights Risk and impact assessment in the value chain 100% Use of green electricity in datacenters and offices Fair and green supply chain 學 80% Reduction of CO2 emissions in scope 1 and 2 in 2020-2023 Zero Breaches of privacy Avoided emissions Increase customer avoided CO2 with 10- 15% annually 3 Carbon neutral In own operations by 2025#8Strategy driving growth and expansion through specialization ✔tietoevry#9Technology industry reshaping with cloud as the foundation. tietoevcy TRADITIONAL Managed traditional infra -10% -5% Managed traditional apps 20 % 15 % 10 % 5% PROFITABILITY MODERNIZE Enterprise software System Integration 5% Integrated (apps + Infra) & automated managed services 10% Data & Analytics Cloud migration Services 15% CLOUD NATIVE Cloud Consulting & Development Cloud managed Services 20% Distinct competitive drivers as world evolves towards cloud native 25% SaaS Cloud capacity GROWTH#10Strategy implementation on track and end-to-end businesses live Strategic choices 1. 2. 3. 4. tietoevcy Clear business choices to capture market growth and expansion opportunity End-to-end businesses with full accountability and broader options to scale Focus investments to expand cloud native capabilities and scalable software businesses Drive partnerships to scale in managed application and infrastructure services Solid implementation ● ● Live with end-to-end businesses Updated brand & Identity Strong market focus and wins High employee engagement Tietoevry Transform Tietoevry Create Tietoevry Connect Tietoevry Care Tietoevry Industry Tietoevry Banking#11Attractive business mix to drive financial performance Tietoevry Create Tietoevry Banking Tietoevry Care Tietoevry Industry Tietoevry Transform Tietoevry Connect tietoevcy CURRENT REVENUE MIX GROWTH High Medium High Medium Lower Lower LONG TERM POTENTIAL Indicative growth profile: High: >8% Medium: 3-8% Lower: <3% EBITA adj. Around group average Above group average Above group average Above group average Below group average Below group average DRIVERS ● ● • ● ● ● ● ● Leading capabilities addressing global market demand Expand markets and scale incl. M&A 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 Invest to managed services automation Automated operations Partnerships drive scale against price erosion Business profiles with restated numbers to be available prior to Q1'22 report 11#12Investment priorities geared towards sustainable high growth businesses Invest to expand Invest to accelerate products, services and capabilities Prioritized M&A ● Create Banking 曲 Care Partner to scale Invest in capabilities to drive scale and automated managed services ● Seek partners 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 12#13Why invest in Tietoevry? ✔tietoevry 13#14Capital allocation priorities to support growth ambitions and create shareholder value USE OF FREE CASH FLOW Investing into the businesses 1. Dividend 2. tietoevcy Deleveraging M&A 3. Distribution of excess capital Investing in growth areas to support the 5% growth target of 2023 Increased dividends annually* Net debt/EBITDA <2 by 2022 M&A supporting growth Extraordinary dividend *baseline 2019 original dividend proposal of 1.27 €/share 14#15Tietoevry offers an attractive investment opportunity Maximizing total shareholder return Dividend Share price • Improved growth profile - 5% Improved profitability - 15% Adj. EBITA Improved free cash flow Realizing the full value potential from software businesses ● ● Increased dividends annually ●#16tietoevry#17Appendix ✔tietoevry 17#18Q2'22 financials ✔tietoevry co 18#19Tietoevry Q2'22 Business highlights Revenue EUR 739.1 million, organic growth* 5% Reported growth 2.4%, currency and divestment impact EUR 17 million (negative) Adjusted EBITA** EUR 78.7 (88.3) million, 10.7% (12.2) Strong growth in Tietoevry Create and Tietoevry Banking Profitability impacted by high inflation - performance acceleration ongoing in Tietoevry Connect, Tietoevry Banking and Tietoevry Transform Operating cash flow EUR 8 (11) million Healthy order backlog, up by 4% 722 12.2% Q2/21 648 * Adjusted for currency effects, acquisitions and divestments ** Adjustment items include restructuring costs, capital gains/losses, impairment charges and other items affecting comparability tietoevly 14.5% Q3/21 Adj. EBITA % Organic growth* 5% Adj. EBITA** 10.7% (down 1.5%) 742 13.9% Q4/21 Revenue 731 11.6% Q1/22 739 10.7% Q2/22 19#20Tietoevry Create Digital consulting, analytics and software engineering services Business highlights Revenue EUR 210.3 million, organic growth* 12% Adjusted EBITA** EUR 26.5 (23.1) million, 12.6% (12.2) High market activity in cloud native, data and software engineering services Continued strong growth in International - new Nanjing R&D centre contributing to growth Limited financial impact from the war in Ukraine in Q2'22 Profitability slightly above Q2'21 level In Q3'22, adjusted operating margin anticipated to be at Q3'21 level * Adjusted for currency effects, acquisitions and divestments ** 188 12.2% Q2/21 172 Adjustment items include restructuring costs, capital gains/losses, impairment charges and other items affecting comparability tieto evry 12.7% Q3/21 Adj. EBITA % Organic growth* 12% Adj. EBITA** 12.6% (up 0.4%) 207 13.4% Q4/21 Revenue 218 14.3% Q1/22 210 12.6% Q2/22 20#21Tietoevry Banking Software for financial institutions Business highlights Revenue EUR 132.3 million, organic growth* 10% Adjusted EBITA** EUR 13.6 (14.4) million, 10.3% (12.0) Healthy growth driven by Cards and Financial Crime Prevention Profitability below Q2'21 level - efficiency measures contributing to H2'22 profit improvement In Q3'22, adjusted operating margin anticipated to be above Q3'21 level * Adjusted for currency effects, acquisitions and divestments ** 120 12.0% Q2/21 112 Adjustment items include restructuring costs, capital gains/losses, impairment charges and other items affecting comparability tieto evry 14.9% Q3/21 Adj. EBITA % Organic growth* 10% Adj. EBITA** 10.3% (down 1.7%) 130 13.6% Q4/21 Revenue 125 9.9% Q1/22 132 10.3% Q2/22 21#22Tietoevry Care Software for health and care services Business highlights Revenue EUR 58.3 million, organic growth* -4% Adjusted EBITA** EUR 17.5 (19.5) million, 30.1% (31.7) Growth impacted by high comparable - Q2'21 one-time revenue impact of ~10% Underlying growth of 6% driven by Healthcare and Welfare businesses Healthy profitability - increased investments for the year focusing on roadmap acceleration and reinforced go-to- market In Q3'22, adjusted operating margin anticipated to be below Q3'21 level 62 31.7% Q2/21 49 * Adjusted for currency effects, acquisitions and divestments ** Adjustment items include restructuring costs, capital gains/losses, impairment charges and other items affecting comparability tieto evry 35.5% Q3/21 Adj. EBITA % Organic growth* -4% Adj. EBITA** 30.1% (down 1.6%) 57 33.4% Q4/21 Revenue 57 29.3% Q1/22 58 30.1% Q2/22 22#23Tietoevry Industry Industry-specific software and data platforms Business highlights Revenue EUR 68.3 million, organic growth* 3% Adjusted EBITA** EUR 11.7 (11.0) million, 17.1% (14.1) Organic growth of 3% driven by Public 360 and Pulp and Paper Large customer contract ending in Data Platform Services with negative impact of 3 %-points Healthy profitability above Q2'21 level In Q3'22, adjusted operating margin anticipated to be below Q3'21 level 78 14.1% Q2/21 67 * Adjusted for currency effects, acquisitions and divestments ** Adjustment items include restructuring costs, capital gains/losses, impairment charges and other items affecting comparability tieto evry 20.3% Q3/21 Adj. EBITA % Organic growth* 3% Adj. EBITA** 17.1% (up 3.0%) 75 17.7% Q4/21 Revenue 71 15.7% Q1/22 68 17.1% Q2/22 23#24Tietoevry Transform Enterprise IT services for selected customers Business highlights Revenue EUR 118.7 million, organic growth* 0% Adjusted EBITA** EUR 5.4 (11.9) million, 4.5% (10.0) Healthy growth in Industry & Forest segment - decline in Telecom & Consumer segment Combination of flat growth and high inflation impacting profitability Continued strong order intake - book-to-bill of 1.3 Enhanced measures to drive improved performance increase automation, re-deploy talent and improve utilization rates ● ● profit improvement beginning to materialize towards the end of 2022 In Q3'22, adjusted operating margin anticipated to be at Q3'21 level 119 10.0% Q2/21 105 * Adjusted for currency effects, acquisitions and divestments Adjustment items include restructuring costs, capital gains/losses, impairment charges and other items affecting comparability tietoevry 8.8% Organic growth* 0% Adj. EBITA** 4.5% (down 5.5%) Q3/21 Adj. EBITA % Revenue 122 7.9% Q4/21 121 8.5% Q1/22 119 4.5% Q2/22 24#25Tietoevry Connect Infrastructure capacity and services Business highlights Revenue EUR 230.7 million, organic growth* 1% Adjusted EBITA** EUR 12.0 (15.6) million, 5.2% (6.7) Strong growth continues in cloud platforms and security services, up by 14% Traditional infrastructure services revenue declined by 6% Profitability below Q2'21 level, impacted by high inflation Efficiency measures announced in February on schedule - anticipated to contribute to H2'22 performance In Q3'22, adjusted operating margin anticipated to be above Q3'21 level 231 6.7% Q2/21 216 * Adjusted for currency effects, acquisitions and divestments Adjustment items include restructuring costs, capital gains/losses, impairment charges and other items affecting comparability tieto evry 8.6% Q3/21 Adj. EBITA % Organic growth* 1% Adj. EBITA** 5.2% (down 1.5%) 233 Revenue 9.5% Q4/21 224 4.1% Q1/22 231 5.2% Q2/22 25#26Reporting segments as from 1 Jan 2022 ✔tietoevry 26#27Tietoevry Create Business description Accelerates customers' digital agenda with global design, cloud, data and software engineering capabilities. Growth drivers Market growth driven by cloud and data Leading capabilities addressing global market demand Expand customer base and markets incl. M&A Business structure ● ● ● International Finland Sweden Norway Key metrics Revenue, MEUR EBITA adj.*, MEUR EBITA adj.* % Personnel (FTES, Q4) tietoevry FY 2021 756 99.6 13.2% 8 653 Financial information included in this presentation is unaudited 188 Q1 14.3% 26,9 Revenue 2021, MEUR 188 Q2 Q3 EBITA adj.* 2021, MEUR 12.2% 172 23,1 12.7% 21,8 207 Q4 13.4% 27,9 Q1 Q2 Q3 Q4 *Adjusted for restructuring costs, capital gains/losses, impairment charges and other items affecting comparability 27#28Tietoevry Banking Business description Scalable Banking-as-a-Service and leading software products to drive digital transformation and efficiency for financial institutions. Geographic footprint: Nordics ~80% Growth drivers: Competitive software as-a-service offerings Continued investments for software and platform scale, incl. M&A ● Revenue composition Card utility BaaS Payments Wealth Fin. crime prev. Credit Key metrics Revenue, MEUR EBITA adj.*, MEUR EBITA adj.* % Personnel (FTES, Q4) tietoevcy International ~20% Software business revenue streams License & maintenance as-a-Service Professional services Other services FY 2021 476 60.3 12.7% 3 495 TG Financial information included in this presentation is unaudited 114 Q1 10.2% 11,6 Q1 Revenue 2021, MEUR 120 Q2 Q3 EBITA adj.* 2021, MEUR 14.9% 12.0% 14,4 112 Q2 16,6 Q3 130 Q4 13.6% 17,7 Q4 *Adjusted for restructuring costs, capital gains/losses, impairment charges 28 and other items affecting comparability#29Tietoevry Care Business description Modular and interoperable software re-inventing Nordic health and social care for enhanced care personnel and citizen experience. Geographic footprint: Nordics 100% Growth drivers: Digitalization in Healthcare and citizen services Leading software, SaaS and analytics Investments for growth and portfolio expansion, incl. M&A Revenue composition ● ● Healthcare Welfare Custom sol. and lab softw. Key metrics Revenue, MEUR EBITA adj.*, MEUR EBITA adj.* % International 0% Personnel (FTES, Q4) tietoevcy Software business revenue streams License & maintenance as-a-Service Professional services FY 2021 222 69.6 31.4% 1346 Financial information included in this presentation is unaudited 11 54 Q1 25.2% 13,7 Revenue 2021, MEUR 62 Q2 31.7% 49 EBITA adj.* 2021, MEUR 19,5 Q3 35.5% 17,4 57 Q4 33.4% 19,0 Q1 Q2 Q3 Q4 *Adjusted for restructuring costs, capital gains/losses, impairment charges and other items affecting comparability 29#30Tietoevry Industry Business description Industry specific software, data and integration services digitalizing core processes for public sector, pulp & paper, and utilities segments Geographic footprint: Nordics ~90% International -10% Growth drivers: Competitive fit-for-purpose software and solutions SaaS and advanced analytics Industry specific core process knowledge Revenue composition Data platform serv. Case mgmt. Pulp & paper Education Energy & Util. Industrial Key metrics Revenue, MEUR EBITA adj.*, MEUR EBITA adj.* % Personnel (FTES, Q4) tietoevry Software business revenue streams License & maintenance as-a-Service Professional services Other services DI FY 2021 303 50.8 16.7% 1819 Financial information included in this presentation is unaudited 83 Q1 15.5% 12,8 Revenue 2021, MEUR 78 Q2 14.1% 67 EBITA adj.* 2021, MEUR 11,0 Q3 20.3% 13,7 Q3 75 Q4 17.7% 13,2 Q1 Q2 *Adjusted for restructuring costs, capital gains/losses, impairment charges and other items affecting comparability Q4 30#31Tietoevry Transform Business description Drives enterprise-wide transformation across business processes, applications and infrastructure utilizing automation, cloud and data capabilities. Nordics ~95% International -5% Geographic footprint: Growth drivers: Large customer base and core process knowledge Leading transformation capabilities across business processes, apps and infra Investments in managed services automation Business structure ● ● Industry and forest Retail and financial services Telecom and consumer services Public sector Business applications Key metrics Revenue, MEUR EBITA adj.*, EBITA adj.* % .*. MEUR Personnel (FTES, Q4) tietoevry FY 2021 468 43.9 9.4% 3 395 Financial information included in this presentation is unaudited 121 Q1 10.8% 13,1 Q1 Revenue 2021 119 Q2 10.0% EBITA adj.* 2021 11,9 105 Q2 Q3 8.8% 9,3 Q3 122 Q4 7.9% 9,6 Q4 *Adjusted for restructuring costs, capital gains/losses, impairment charges and other items affecting comparability#32Tietoevry Connect Business description Multi-cloud platform and managed services ensuring resilience, security and compliance for customers' business. Geographic footprint: ● Growth drivers: Private cloud platforms, security and public cloud services Automated operations Partnerships to drive scale ● ● Business structure Cloud platforms and security services Traditional infrastructure services* End-user services and HW/SW reselling *Includes traditional private cloud technologies Key metrics Nordics -100% International -0% Revenue, MEUR EBITA adj.*, MEUR EBITA adj.* % Personnel (FTES, Q4) tietoevry FY 2021 908 66.3 7.3% 4994 Financial information included in this presentation is unaudited 227 Q1 4.5% 10,1 Q1 Revenue 2021, MEUR 231 Q2 Q3 EBITA adj.* 2021, MEUR 6.7% 15,6 216 Q2 8.6% 18,5 Q3 233 Q4 9.5% 22,1 Q4 *Adjusted for restructuring costs, capital gains/losses, impairment charges and other items affecting comparability 32