Slide 1: Challenging quarter — actions for a rapid step change in execution and performance initiated
Q2 2025 Challenging quarter — actions for arapid step change in execution and performance initiated Endre Rangnes, President and CEO Tomi Hyrylainen, CFO wis tietoeucy
Slide 2: We have a solid foundation to build upon...
We have a solid foundation to build upon... Leading market Strong customer Portfolio of Highly talented position in the base with active leading-edge people Nordics innovation agenda vertical software and digital engineering
Slide 3: Immediate actions to get back on track is our near-term focus
Immediate actions to get back on track is our near-term focus Customer first -saeeife Step-change in customer io orientation Regain customer trust and satisfaction Restore growth -sseeige Strengthen sales capabilities Cost optimization of €115 million by end of 2026 New management team Competitive c
Slide 4: New management team — focus on execution
New management team — focus on execution NEW MEMBER > NEW MEMBER a Ari Jarvela Mario Blazevic Johan Enger Nygaard Par Johansson Satu Kiiskinen Tietoevry Care Tietoevry Banking Tietoevry Industry Tietoevry Create ec ce Managing Director Managing Director Managing Director Interim Managing Director NE
Slide 5: Latest customer wins and recognitions
Latest customer wins and recognitions CUSTOMERS LOKALBANK Tietoevry Banking entered a strategic agreement with Lokalbank for a comprehensive banking platform Gig OGIG, an Austrian fixed broadband access infrastructure provider, chose Tietoevry Create to help improve customer service and efficiency w
Slide 6: Challenging quarter — actions for a rapid step change in execution and performance initiated
Challenging quarter — actions for a rapid step change in execution and performance Initiated Soft market conditions continued — organic growth of 4% Profitability of 9.4% includes 1.3 pp negative impact of IFRS 5-related temporary cost burden Driving a rapid step change in execution and performance
Slide 7: Business highlights
Business highlights
Slide 8: Tietoevry Group
Tietoevry Group Challenging quarter — actions for a rapid step change in execution and performance initiated Organic growth! Adj. EBITA2 -4% “abe OO AY | (1%) (10.7%) €44m (51) Cash flow from operation? ; Order backlog y-y / q-q €51m aber |: +14%/4+ 9%" Q2/24 Q3/24 04/24 Q1/25 Q2/25 (€68m) €2222m m
Slide 9: Tietoevry Create
Tietoevry Create Market remains soft — capacity adjustments continue Highlights Organic growth ro) * Growth impacted by low demand - / fo environment, fewer working days, and lower internal revenue (~2 pp.) (-2%) . . * Continued price pressure * Active delivery capacity management and 214 191 208 21
Slide 10: Tietoevry Banking
Tietoevry Banking Regained client confidence visible in record-high order backlog 148 138 146 141 145 N9% 9.9% 13.3% 14.6% 10.7% Q2/24 Q3/24 Q4/24 QW/25 Q2/25 Revenue, €m Adj. EBITA 4, tietoeuy Organic growth -2% (5%) Adj. EBITA 10.7% (9.9%) €16m (15) Highlights Growth in BaaS and Financial Crime Pr
Slide 11: Tietoevry Care
Tietoevry Care Focusing on international growth 59 53 61 57 58 28.2% 26.2% 31.6% 32.1% 24.4% Q2/24 Q3/24 Q4/24 QW/25 Q2/25 Revenue, €m Adj. EBITA 4, tietoeuy Organic growth “3% (1%) j. EBITA 24.A% (26.2%) €14m (15) Highlights * Growth impacted by decline of legacy product business (-4 pp.) and lower
Slide 12: Tietoevry Industry
Tietoevry Industry Efficiency measures executed — 67 62 65 68 68 16.3% 15.1% 16.3% 12.1% 10.9% Q2/24 Q3/24 Q4/24 QW/25 Q2/25 Revenue, €m Adj. EBITA 4, tietoeuy improving market outlook Organic growth “1% (5%) Adj. EBITA 10.9% (15.1%) €7m (10) Highlights Significant decline in Pulp, Paper & Fibre con
Slide 13: CFO report
CFO report
Slide 14: Cost optimization activities to improve financial performance
Cost optimization activities to improve financial performance | Continuingoperations | 225] 02°24 + Tech Services divestment expected to close in Q3 Revenue and growth * Cost optimization activities aiming for €115m run-rate savings by the end Revenue es On of 2026 initiated to improve financial per
Slide 15: Cost optimization — aiming for €115 million run rate savings by end of 2026
Cost optimization — aiming for €115 million run rate savings” by end of 2026 Actions decided in H1'25 2) Potential reduction of approx. 800 employees * Delivery capacity and SG&A (50/50), include employee transfers to Tech Services * Primarily in Create and Industry * One-time costs ~€20m Potential
Slide 16: Reported figures do not reflect underlying profitability
Reported figures do not reflect underlying profitability Revenue and organic growth 4% 692 4% 18 463 -247 Combined Tech Services Change in Reported Q2 segment eliminations Q2 Adjusted EBITA Tech Services segment eliminated Tech Services’ share of Group operating costs burdening continuing operations
Slide 17: Healthy Q2 cash flow from operations of €51 million
Healthy Q2 cash flow from operations of €51 million * Healthy cash flow from operations! €51m (68) + Net working capital decrease of €4m — seasonal headwind in working capital liabilities offset by accounts receivable decrease * Free cash flow2 of €20m (30) * Overall cash generation foundation remai
Slide 18: Capacity optimization ongoing — LTM attrition reflecting soft market environment
Capacity optimization ongoing — LTM attrition reflecting soft market environment + LTM attrition at 8.0%, reflecting continued soft market environment * Cost optimization measures in Q2 to improve financial performance + Tietoevry Create capacity reduced by 230 FTEs * Tietoevry Industry capacity red
Slide 19: Performance drivers — Q3'25
Performance drivers — Q3'25 Growth drivers Tietoevry Create: Impacted by continued weak demand across all markets Tietoevry Banking: Impacted by ending of a significant (margin-dilutive) mainframe contract— negative ~2 pp. Potential positive impact from Sparebank1 Court of Appeals ruling. Tietoevry
Slide 20: Q3 profitability outlook
Q3 profitability outlook Q3'24 Business adj. EBITA% Profitability outlook Tietoevry Create 12.1% Below Q3’24 level Tietoevry Banking 13.3% Above Q3'24 level Tietoevry Care 31.6% Below Q3'24 level Tietoevry Industry 16.3% Above Q3'24 level
Slide 21: Performance improvement expected in H2
Performance improvement expected in H2 H125 Create Banking Care Industry Contribution towards business performance Negative H2’25 Neutral Dynamics to support H2 performance improvement No market recovery expected in 2025. Soft market conditions expected to continue both in Europe and the US. Slight
Slide 22: Way forward
Way forward
Slide 23: Our near-term focus
Our near-term focus Customer first see Restore growth seit Create value for : shareholders Competitive cost base wnt 4, tietoeuy
Slide 24: Tietoevry
Tietoevry Capital Markets Day on 25 Nov 2025 in London