Investor Presentaiton

Sharp increase in FCFE due to consistently strong operating cash flow and significantly lower cost of debt 16 €m Q4 20 Q419 Δ FY 20 FY 19 Δ Pre-Tax net cash from 72.9 62.6 +17% 258.0 161.5 +60% operating activities (IFRS) Income tax paid (8.7) (2.6) >100% (33.4) (17.9) +87% Capital expenditure (excl. M&A) (3.4) (8.8) -61% (26.2) (16.6) +57% Lease repayments (1.5) 0.0 n.m. (4.9) (3.8) +27% Interest paid for borrowings and (3.2) (19.6) -83% (28.1) (46.1) -39% lease liabilities Levered Free Cash Flow (FCFE) 56.1 31.5 +78% 165.4 77.1 +115% as % of adj. EBITDA as % of EBITDA 78% 50% 63% 42% 113% 58% 81% 41% Q4/ FY 2020 Preliminary Results (unaudited) - Investor Presentation . • Capital expenditure mainly related to one-off investments in the ERP system (€13.5m) as well as the new headquarters (€7.6m) Significant lower interest paid due to substantial deleveraging and improved loan financing terms FY 20 levered free cash flow excludes loan repayments of €62.8m (net) and €84.1m cash paid for Ubimax TeamViewer

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