Slide 1: Strong growth and solid profitability
Q3 2022 Strong growth and solid profitability Kimmo Alkio, President and CEO Tomi Hyrylainen, CFO wis tietoeucy
Slide 2: Strong growth and solid profitability
Strong growth and solid profitability Strong organic growth of ° 8% driven by Tietoevry Create, Tietoevry Banking and Tietoevry Care Solid adjusted operating margin of 14.2% Good progress in performance improvement programmes — profit contribution accelerating towards the year end Full-year outlook
Slide 3: Our outlook for 2022 updated on 20 October
Our olitlook for 2022 updated on 20 October Full-year organic growth’ of Full-year adjusted operating margin of oO ie) 5—-6% 12.8-13.1% * Strong Q3 performance in cloud native and ¢ Increased inflation impacts the pace of software businesses profit improvement * Healthy Q4 growth outlook ¢ Lead time
Slide 4: We continue delivering strong growth and solid profit in an uncertain era
We continue delivering strong growth and solid profit in an uncertain era Healthy market with specialized opportunities Building on our strategic focus on scalable software businesses and cloud native, data and software engineering services Era of high inflation Increased focus on annual productivit
Slide 5: Q3'22 financials
Q3'22 financials
Slide 6: * Adjusted for currency effects, acquisitions and divestments ** Adjustment items include restructuring costs,
* Adjusted for currency effects, acquisitions and divestments ** Adjustment items include restructuring costs, capital gains/losses, impairment charges and other items affecting comparability 6
Slide 7: * Adjusted for currency effects, acquisitions and divestments ** Adjustment items include restructuring costs,
* Adjusted for currency effects, acquisitions and divestments ** Adjustment items include restructuring costs, capital gains/losses, impairment charges and other items affecting comparability 7
Slide 8: * Adjusted for currency effects, acquisitions and divestments ** Adjustment items include restructuring costs,
* Adjusted for currency effects, acquisitions and divestments ** Adjustment items include restructuring costs, capital gains/losses, impairment charges and other items affecting comparability 8
Slide 9: * Adjusted for currency effects, acquisitions and divestments ** Adjustment items include restructuring costs,
* Adjusted for currency effects, acquisitions and divestments ** Adjustment items include restructuring costs, capital gains/losses, impairment charges and other items affecting comparability 9
Slide 10: * Adjusted for currency effects, acquisitions and divestments ** Adjustment items include restructuring costs,
* Adjusted for currency effects, acquisitions and divestments ** Adjustment items include restructuring costs, capital gains/losses, impairment charges and other items affecting comparability 10
Slide 11: * Adjusted for currency effects, acquisitions and divestments ** Adjustment items include restructuring costs,
* Adjusted for currency effects, acquisitions and divestments ** Adjustment items include restructuring costs, capital gains/losses, impairment charges and other items affecting comparability 11
Slide 12: * Adjusted for currency effects, acquisitions and divestments ** Adjustment items include restructuring costs,
* Adjusted for currency effects, acquisitions and divestments ** Adjustment items include restructuring costs, capital gains/losses, impairment charges and other items affecting comparability 12
Slide 13: CFO report
CFO report
Slide 14: CFO highlights
CFO highlights: Accelerated growth and solid,profitability in ah era of high inflation Q3’22 financials Organic growth 8% — driven by Tietoevry Create, Tietoevry Banking and Tietoevry Care Adjusted operating margin 14.2% (14.5%) / EUR 97.9 (94.0) million - mainly driven by revenue growth and perform
Slide 15: Q3 cash flow impacted by NWC changes — Net debt / EBITDA 1.6x
Q3 cash flow impacted by NWC changes — Net debt / EBITDA 1.6x EUR 40 (92) million cash flow from operations MEUR 165 * Net working capital increase of EUR 56 million — seasonal change in vacation pay accruals and 57 fluctuations in deferred revenue 25 + Net working capital higher than Q3’21— higher
Slide 16: Attrition stabilizing at high levels — inflation remains elevated
Attrition stabilizing at high levels — inflation remains elevated Attrition stabilizing at a high level — rolling 12-month Attrition _ Fi ‘ . , % last twel ths (volunt attrition now 15.3% in Q3’22 (16.3% in Q2'22), compared en ie ea Wolen say) ies 3 to 13.5% in Q3’21 ; Q321 Q421 Q122 Q222 Q322 Net p
Slide 17: Performance drivers — Q4'22
Performance drivers — Q4'22 Growth drivers Profit drivers Other drivers Continued active market supporting strong growth outlook in Tietoevry Create, Tietoevry Banking and Tietoevry Care Tietoevry Industry growth will be impacted by a large ending customer contract in Data Platform Services — negati
Slide 18: Sustainability and way forward
Sustainability and way forward aoe
Slide 19: Advancing diversity and inclusion
6 SO “Advancin diversity ans _ ta ; People Planet Impact through customers Own Ethical operations Climate conduct asian Exciting place to work a Advancing attractiveness of tech field amongst women * Tietoevry’s Nordic campaign "Being an IT girl” focusing on students and young professionals + Joint
Slide 20: Recent cases
Recent cases Increased flexibility with Al enabled virtual power plant + Tietoevry Industry's solution enables energy management of aggregated capacity as a flexible resource for the Nordic electricity market ° Enables ST1 to participate in the energy reserve market creating new income streams and s
Slide 21: Key themes towards end of 2022
Key themes towards end of 2022 Growth momentum to continue Continued performance improvement in the extraordinary inflationary era High attention to employee well-being and talent attraction 21
Slide 22: Tietoevry CMD 2022
Tietoevry CMD 2022 In Stockholm on Wednesday 30 November Programme will provide insights into our businesses and plans for future value creation of Tietoevry Register already now at tietoevry.com!
Slide 23: Thank you
°o OO 0 O oo hank you wis tietoeucy