Investor Presentaiton

...Translating Into High Operating And Levered Free Cash Flow 14 €m Q3 20 Q3 19 Δ 9M 20 9M 19 Δ Pre-Tax Net Cash from 57.4 36.0 +60% 185.1 98.9 +87% Operating Activities (IFRS) • Income Tax Paid (7.0) (5.0) +41% (24.7) (15.2) +62% • Capital Expenditure (excl. M&A) (7.7) (0.2) >100% (22.8) (8.1) +180% Lease Repayments (1.6) (1.5) +9% (3.4) (3.8) -13% • Interest Paid for Borrowings and Lease Liabilities (11.2) (0.2) >100% (24.8) (26.5) -6% • Levered Free Cash Flow (FCFE) 29.9 29.1 +3% 109.4 45.2 +142% as % of Adj. EBITDA as % of EBITDA Q3 2020 Investor Presentation 51% 63% 58% 38% 55% 107% 70% 33% 9M 2020 pre-tax net cash from operating activates up 87% One-off capital expenditure related to ERP system (€11.9m) and new headquarters (€6.2m) in 9M 2020 increasing capital expenditure to €22.8m YTD No loan interest paid in Q3 2019 9M 2020 levered free cash flow benefitting from lower loan interest TeamViewer

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