Temenos Ag · SIX:TEMN

Temenos — Q4 2025 Earnings Presentation

84 slides from Temenos's earnings presentation, Feb 24, 2026

Slide 2: Disclaimer
Disclaimer Our presentation and this document may contain forward-looking statements relating to the future of the business and financial performance of Temenos AG. Any statements we make about our expectations, plans and prospects for the Company, including any guidance on the Company’s financial p
Slide 3: Non-IFRS information
Non-IFRS information In its presentation and in this document, the Company may present and discuss non-IFRS measures. Readers are cautioned that non-IFRS measures are subject to inherent limitations. Non-IFRS measures are not based on any comprehensive set of accounting rules or principles and shoul
Slide 4: Agenda
Agenda Agenda 1. 14:00-14:40 Takis Spiliopoulos, CEO & Interim CFO Vision, strategy and operational excellence 2. 14:40-15:00 Barb Morgan, CPTO Product and technology update 3. 15:00-15:20 Will Moroney, CRO Go to market and customer success 4. 15:20-15:40 Coffee break 5. 15:40-15:50 Jayde Tipper, CP
Slide 6: Our Vision and Mission
Our Vision and Mission Leading Banking Forward Our mission Our vision To modernize financial To power a world where financial institutions by building on our institutions trust Temenos to make most trusted, industry-leading, banking easier and help people innovative solutions. live their best financ
Slide 7: Temenos today: Broad platform trusted by clients globally
Temenos today: Broad platform trusted by clients globally Products Regions % of product revenue in FY-25 Core – c.81% Digital – c.11% Americas – c.25% APAC – c.21% Europe – c.27% MEA – c.27% Platform Geography Clients • Strong presence in Emerging Mkts & W. Europe Key products • Established in other
Slide 8: Experienced leadership team driving Temenos forward
Experienced leadership team driving Temenos forward Temenos Executive Committee 7 2 6 Takis Spiliopoulos Barb Morgan William Moroney Chief Executive Officer and Chief Product and Chief Revenue Interim Chief Financial Officer Technology Officer Officer 10 25 Jayde Tipper Deirdre Dempsey Chief People
Slide 10: Market growth remains attractive at 7% CAGR from FY-25 to FY-28
Market growth remains attractive at 7% CAGR from FY-25 to FY-28 Serviceable Addressable Market +12% Temenos Product Revenue1 +USD 3bn Upsell /cross sell, volume growth and deployment +7% model shift c.USD 25bn +USD 2bn Outsourcing of in-house c.USD 16bn spend Mostly best-of-suite c.USD 30bn Tier 3-5
Slide 11: Ongoing strong demand growth for Public Cloud and SaaS
Ongoing strong demand growth for Public Cloud and SaaS Serviceable Addressable Market On-Premise Public Cloud SaaS FY-25 SAM USD 16bn USD 3bn USD 6bn CAGR to FY-28 4% 15% 11% Mix shift 65% -> 59% 12% -> 15% 23% -> 26% FY-25 – FY-28 Note: Serviceable Addressable Market (SAM) relates to banking 3rd pa
Slide 12: Structural trends fuel growing demand for third-party banking software
Structural trends fuel growing demand for third-party banking software Trends in Banking Digital experiences and Rise of Hyperscalers, Evolving security and Cost optimization threat from non- Gen AI and composable regulatory landscape incumbents architecture Highly automated & streamlined Best-in-cl
Slide 14: Focused and impactful execution in the first 12 months
Focused and impactful execution in the first 12 months Strategic investments... ...delivering strong results Product: Reorganization of Product: Delivered on FY-25 platform and product functions into agile teams, hiring of roadmap, launched multiple differentiated new products senior talent GTM*: In
Slide 15: Strong 2026 pipeline aligned with strategic growth priorities
Strong 2026 pipeline aligned with strategic growth priorities Growth opportunities FY-24 to FY-28 High Strong ARR pipeline growth Selective investment Invest to win Attractiveness Size of bubble correlates to potential revenue uplift FY-24 to FY-28 Increasing ability to win through sustained R&D and
Slide 16: Strengthening our right to win with our industry-leading platform
Strengthening our right to win with our industry-leading platform Selection of key deal wins in 20251 Delivering significant customer value Broadest functionality and localization Widest customer references across key geographies, segments and tiers Market-leading cloud and SaaS capabilities Forrest
Slide 17: Expanding our footprint across top tier banks globally
Expanding our footprint across top tier banks globally Japanese Tier 1 Bank Middle East Tier 1 Bank US Tier 1 Bank Expansion of core banking and Composable core banking for Core banking and digital for a new payments to three additional multiple international markets to digital bank in Egypt countri
Slide 18: Delivering our raised FY-28 targets through strategic levers and enablers
Delivering our raised FY-28 targets through strategic levers and enablers Strategic Growth Levers Business Enablers FY-28 Targets Product & technology Extend market 1 investment FY-28E A leadership in ARR >USD 1.23bn best of suite increased from >USD 1.2bn 2 Go To Market Enhance FY-28E B composable
Slide 19: Lever A: Momentum across regions driven by strong competitive performance
Lever A: Momentum across regions driven by strong competitive performance and sustained investments across product and GTM FY-25 progress FY-26 deliverables Won significant number of new logos globally and built Grow market share globally, strong pipeline, in particular in the US with focus on US; e
Slide 20: Lever B: Material progress in composable architecture
Lever B: Material progress in composable architecture leading to early commercial traction FY-25 progress FY-26 deliverables Core banking deals signed with 14 Tier 1-2 banks in W. Europe Launch composable solutions across Retail and Corporate Banking in H1-26 Increased win rates YoY against key neo-
Slide 21: Lever C: Strengthened ability to win across point solutions
Lever C: Strengthened ability to win across point solutions through consistent roadmap delivery and improvements in implementation FY-25 progress FY-26 deliverables Launch AI powered Digital solution in Launched FCM AI Agent, Temenos Money Movement Q2-26 Double digit growth YoY in number of point-so
Slide 22: Investing in our business enablers to deliver above market growth
Investing in our business enablers to deliver above market growth FY-25 progress FY-26 deliverables Reorganized R&D function into agile Enhance architecture and Product & technology teams, hired senior product and composable solutions with investment technology expertise, made good embedded AI progr
Slide 23: Delivering on our US growth ambitions
Delivering on our US growth ambitions FY-25 progress FY-26 deliverables Opened Orlando Innovation Hub, Product & technology Extend US product capabilities for executed on US-specific product investment market-leading solutions roadmap Convert pipeline with first deals Go To Market Increased US sales
Slide 24: Driving a culture of empowerment and responsibility
Driving a culture of empowerment and responsibility to underpin our sustainable high performance Accountability Temenos achieved the top score in the SOF S&P CSA industry for the fourth consecutive year Alignment & MSCI Highest rating AAA collaboration TIME Ranked 4th among top 500 sustainable compa
Slide 26: High AI adoption threshold creates a strong moat for Temenos
High AI adoption threshold creates a strong moat for Temenos High • Trusted domain expertise • Highly complex workflows embedded across the platform • Proprietary data • Extensive auditability requirements • Significant product configurability • Market-by-market variations • High security & reliabil
Slide 27: Client trust in Temenos platform is a significant advantage in the AI era
Client trust in Temenos platform is a significant advantage in the AI era Mission-Critical Technology Trusted Domain Expertise • Operating at the heart of highly regulated banks • Decades of regulatory and operational knowledge • Cloud-native, modern architecture embedded in the product • Auditable
Slide 28: Temenos sits at the heart of the AI-era banking stack
Temenos sits at the heart of the AI-era banking stack EXPERIENCE & ORCHESTRATION LAYER AI ENHANCES Copilots & Digital Workflows & UIs Mobile & Web Branch & Partners Bank AI Platforms Employees BANKING INTELLIGENCE & EXECUTION LAYER AI DEPENDS Product Engines Banking Knowledge Graph Governed AI Agent
Slide 29: A well-defined AI strategy to capitalize on our structural advantage
A well-defined AI strategy to capitalize on our structural advantage Lower TCO Build on our structural • Conversational Interfaces: Launched Temenos Copilot for Core advantage • AI Agents: Launched FCM AI Agent for Sanctions Screening with more Product coming in Core, Payments, Digital & Wealth Glob
Slide 30: Our measures of success in FY-26
Our measures of success in FY-26 Deliver our product roadmap including embedded AI Convert US pipeline into revenue Accelerate pipeline growth across regions Increase AI enablement across functions Deliver strong ARR growth and FY-26 guidance Copyright © 2026 Temenos 30
Slide 33: Delivering on our strategic priorities globally
Delivering on our strategic priorities globally Nov-24 commitment: sustained high investment in R&D FY-25 Highlights • Enhance retail (deposits and lending) • New Retail deposits & lending products: Lever A: Extend “best of copilot for core, loyalty, & savings tools suite” banking • Enhance corporat
Slide 34: Agile transformation to iterate and deliver faster
Agile transformation to iterate and deliver faster Growth priorities Agile Release Trains (ART) transformation benefits Best of Suite US, W. Europe, EM Better capital allocation: Enables dynamic prioritization toward the highest- growth opportunities Best of Breed Composable Faster time-to-value: Co
Slide 35: Co-innovation with our Design Partner Program
Co-innovation with our Design Partner Program Launched at TCF in May 2025, the Design Partner Program ensures our products are shaped by real client challenges, not assumptions. In FY-25, we co-developed / launched 3 market- ready solutions with 10+ clients that address high-priority banking needs:
Slide 36: Extending commitment to Core
Extending commitment to Core FY-25 progress FY-26 deliverables Product Achieve a market leading 10+ 125+ core product in the US New Core products Go-lives launched Deliver a “Best of Breed” USA corporate & commercial Ready to Win in Core finance solution Customer Experience Maintain excellence in de
Slide 37: Build on Wealth & Payments Leader
Build on Wealth & Payments FY-25 progress FY-26 deliverables Wealth Deliver AI Copilots / Leader 2 Agents in Wealth Recognized by IDC, AITE, Major go-lives of the top targeting T1/T2 banks Everest, & Forrester 30 global Private Banks Launched Digital Wealth, leveraging our digital strategy & unified
Slide 38: Strong SaaS momentum
Strong SaaS momentum FY-25 progress FY-26 deliverables Product 95% 1 Full SaaS availability across all products of client environments Unified SaaS provisioned in <5 days Foundation Platform Cost Continued reduction in 4x 73% TCO for clients improvement in increase in onboarding deployment automatio
Slide 39: Our US product suite: execution focus in FY-25; market leading in FY-26
Our US product suite: execution focus in FY-25; market leading in FY-26 High level US roadmap progress Execution strategy 2024 Baseline Delivered2025 Delivered 2025 By 2026 Universal Dedicated regional Banking investment across A Retail corporate levers Corporate B Composable US-based product Core M
Slide 40: Differentiating with Digital: a winning strategy
Differentiating with Digital: a winning strategy Temenos Digital strategy Proof points 100+ Tier 1-2 Banks Tier 2-3 Banks Tier 3-5 Banks & FIs A scalable solution Digital go- Headless Hybrid Integrated across client size & lives in needs 2025 Differentiating across 10 co- the customer’s full design
Slide 41: Temenos AI Strategy: Product
Temenos AI Strategy: Product Product Conversational Interfaces AI Agents Redefining how humans interact with Freeing humans to focus on what matters computers. most. • Talk to systems in natural language • Frees capacity for growth • Boost employee productivity • Scale effortlessly • Speed decisions
Slide 42: Temenos AI Strategy: Product
Temenos AI Strategy: Product AI In Core Investing in FY-26 to deliver AI Agents across the customer adoption lifecycle to Product convert the major pain points of core banking into structural advantage. Pain Points • Manual logic mapping • Reactive monitoring • Version skipping • Custom integrations
Slide 43: Temenos AI Strategy: Process
Temenos AI Strategy: Process Delivering With AI Continue injecting AI throughout the Software Development Lifecycle Platform boosting throughput, quality, and time-to-value. GenAI Testing T-Guru Coding Agent Assistant Build Test Deploy Support Live: 1,500+ Client & Partner Users Process 3 Methods fo
Slide 44: Our measures of success in FY-26
Our measures of success in FY-26 Deliver on our strategic roadmap Enable full platform availability on SaaS Launch new AI Digital Achieve market leading products in US Embed AI across product and process Copyright © 2026 Temenos 44
Slide 46: Strong progress on our GTM priorities to drive growth
Strong progress on our GTM priorities to drive growth FY-25 progress FY-26 deliverables • +60% IQCs hired in 2025 across growth Drive pipeline growth; pipeline from Sales capacity territories, total IQC headcount of c.140 expanded IQC capacity and • Account segmentation driving laser focus conversio
Slide 47: Executing on our US ambitions
Executing on our US ambitions FY-25 progress Strong growth in US ARR pipeline Invested in US specific product roadmap Product including retail, corporate and US digital front investment end US-focused IQC headcount increased to 20+ FY-24 ARR FY-25 ARR Sales capacity Strong hires with average of 15 y
Slide 48: Good progress on our partner delivery strategy in FY-25
Good progress on our partner delivery strategy in FY-25 A new approach to FY-25 progress FY-26 deliverables delivery partners Partner implementation capacity Launched hybrid implementation Ramp up partner implementation is critical to sustaining our growth model matched to individual client capacity
Slide 49: Our sales strategy to maximize effectiveness and drive growth
Our sales strategy to maximize effectiveness and drive growth Capacity to Industry Proving our productivity leading skills Value Further leveraging AI- Continued investment in Value selling mindset, enabled processes and training and enablement supporting clients in tooling to drive efficiency, spec
Slide 50: Integrating value selling with AI into our sales process
Integrating value selling with AI into our sales process Launched AI sales tools to build value-based business Product cases, tailored to individual clients TCO reduction of c.30% Client example: Process significant TCO reduction moving from on premise On-prem SaaS to SaaS Core banking license FTE S
Slide 51: Delivering tangible value to customers
Delivering tangible value to customers One of the largest banks in Central & Large bank in Western Europe, looking One of the largest private commercial Eastern Europe modernizing its core to provide superior mobile banking banks in Vietnam upgrading its core banking platform experience platform 5+
Slide 52: Our measures of success in FY-26
Our measures of success in FY-26 Convert US pipeline into revenue Accelerate pipeline growth across regions Drive incremental pipeline through partner channel Increase sales productivity through tools and AI Deliver strong ARR growth Copyright © 2026 Temenos 52
Slide 57: Employee voice validates the continuous focus on people-first culture
Employee voice validates the continuous focus on people-first culture Top quartile, ‘best-in-class’ Employee Engagement + 6% pts above global benchmark + 7% pts above industry benchmark eNPS is up 6% pts in FY-25 'Great place to work' awards in 25 countries, including India and the US Copyright © 20
Slide 58: Culture and leadership
Culture and leadership Driving a culture of empowerment that underpins sustainable high performance Accountability Empowerment Alignment & Transparency collaboration Above global benchmark Copyright © 2026 Temenos 58
Slide 59: Temenos AI Strategy: People
Temenos AI Strategy: People FY-25 progress FY-26 deliverables Product AI Champion network to drive engagement, adoption and learning through peer led networks Redesign of roles and workflows to unlock new value AI training taken by 99% of employees supporting strong governance with safe adoption Pro
Slide 60: Our measures of success in FY-26
Our measures of success in FY-26 Continue enhancing our people-first culture Continue enhancing our People-first culture Invest in employee experience Investing further in employee experience Strengthen career development framework Strengthen career development framework Increase AI enablement acros
Slide 62: Financial framework
Financial framework Revenue Growth Substantiating how our three growth levers will drive above-market growth Margin Expansion Delivering sustainable margin expansion through operational leverage and execution excellence Cash Flow ARR growth driving accelerating free cash flow and increasing cash con
Slide 63: Good progress made on subscription revenue model transition
Good progress made on subscription revenue model transition Annual Recurring Revenue Non-IFRS EBIT Free Cash Flow +12% +15% +21% USD 860m USD 372m USD 256m USD 770m USD 308m USD 223m FY-24 FY-25 FY-24 FY-25 FY-24 FY-25 Subscription model introduced in January 2022 Note: all numbers are excluding Mul
Slide 64: Raised FY-28 targets reflecting strong execution
Raised FY-28 targets reflecting strong execution on our three levers of growth and operational plan ARR to reach Non-IFRS EBIT to reach FCF to reach >USD 1.23bn c.USD 480m c.USD 410m by FY-28 by FY-28 by FY-28 USD bn ARR USD m Non-IFRS EBIT USD m FCF 1.3 500 450 450 1.2 400 400 1.1 350 350 1.0 300 3
Slide 65: Underlying trends in our USD 25bn SAM continue to be supportive
Underlying trends in our USD 25bn SAM continue to be supportive, with growth to continue at 7% CAGR to 30bn by FY-28 3rd party banking software spend (USD bn) by tiers and deployment By Tiers By Deployment Type Growth drivers CAGR CAGR Tier 3-5 banks will continue to make 2025-28 2025-28 up the majo
Slide 66: Temenos has a significant cloud business
Temenos has a significant cloud business FY-25 FY-28E Cloud ARR includes annual recurring revenue from all products that run on hyperscaler platforms across both subscription and SaaS revenue models Cloud ARR grew 15% in FY-25, above v group ARR growth of 12% Cloud ARR expected to reach c.50% by FY-
Slide 67: ARR expected to reach over USD 1.23bn by FY-28
ARR expected to reach over USD 1.23bn by FY-28 ARR drivers by growth lever Lever A: Extend market leadership in best of suite • ARR uplift of >USD 170m by FY-28 • Increasing penetration in mid and lower tier banks across all >USD 80m regions >USD 120m • Significant opportunity in across all segments
Slide 68: Subscription & SaaS will be the largest driver of ARR growth
Subscription & SaaS will be the largest driver of ARR growth ARR growth drivers by revenue model Subscription and SaaS to contribute c.45-50% of ARR by FY-28 >USD 130m >USD 240m c.40% 45-50% USD >1.23bn c.60% USD 860m 50-55% FY-25 ARR Subscription Maintenance FY-28E ARR FY-25 FY-28E and SaaS Subscri
Slide 69: A P&L view of our revenue growth
A P&L view of our revenue growth Non-IFRS product revenue growth drivers by revenue model >USD 90m Subscription & SaaS will be the largest >USD 150m driver of product revenue growth over the next 3 years Maintenance will continue to grow due USD >1.18bn to subscription revenue recognition as upfront
Slide 70: ARR and product revenues to converge by FY-28
ARR and product revenues to converge by FY-28 c.105% ARR Non-IFRS Product revenue Conversion 91% 90% 84% >USD >USD 1.23bn 1.18bn USD USD 943m 860m FY-23 FY-24 FY-25 FY-26E FY-27E FY-28E All product revenue will be recurring by FY-28E Copyright © 2026 Temenos 70
Slide 71: Maintenance growth evolution
Maintenance growth evolution 12% Strong maintenance growth in FY-25 driven by value uplift from subscription, CPI linkages and strong c.7-8% growth premium maintenance. c.6% We expect lower impact from premium maintenance over time as we deliver on the installed base opportunity. There will also be
Slide 72: Significant operating leverage in the business
Significant operating leverage in the business Annual run-rate cost base growth driven by Cost base as a percentage of non-IFRS revenue wage inflation and increased variable costs, in line with revenue growth. 9% +USD 8 c.5m Accelerating R&D investments in particular in FY-26 to: 11% • Capture subst
Slide 73: Operating leverage will drive EBIT growth and margin improvement
Operating leverage will drive EBIT growth and margin improvement Non-IFRS EBIT bridge by business enabler; FY-28 non-IFRS EBIT target increased to c.USD 480m from c. change in cumulative costs and efficiencies USD 450m, implying FY-28 non-IFRS EBIT margin of c.36% Incremental cumulative R&D investme
Slide 74: Well-defined investment plan to deliver our platform and product roadmap
Well-defined investment plan to deliver our platform and product roadmap Structured investment plan for incremental USD 55-65m investment across key areas of our platform and product Significant investment in core banking functionality across retail, corporate and wealth globally Particular focus on
Slide 75: Maintaining EBIT to FCF conversion of 85%
Maintaining EBIT to FCF conversion of 85% c.85% 69% USD 68% c.480m USD 65% c.410m EBIT FCF Conversion FY-23 FY-24 FY-25 FY-26E FY-27E FY-28E FCF conversion to increase CCC to c.85% by FY-28E Note: FY-26 guidance is non-IFRS, constant currency, EBIT growth of c.9%, FCF reported growth of c.16%. Copyr
Slide 76: Increased FCF target to c.USD 410m by FY-28
Increased FCF target to c.USD 410m by FY-28 FCF bridge USD >110m USD FY-28 FCF target increased from c.USD 400m >240m to c.USD 410m USD c. 5m The increase is driven by strong execution in USD USD FY-25, with product revenue already growing >160m c. -10-15m USD c. -30-35m above market in the first ye
Slide 77: Maintain leverage ratio of 1.0-1.5x
Maintain leverage ratio of 1.0-1.5x Maintaining net debt / non-IFRS EBITDA range of 1.0-1.5x 1.0 – 1.5x Weighted average interest cost of 3.1% 1.3x as of 31.12.25 1.2x Weighted average debt maturity of 2.9 years as of 31.12.25 Maintain investment-grade credit ratings • S&P BBB- with stable outlook •
Slide 78: Disciplined Capital Allocation
Disciplined Capital Allocation Investment in the business, in particular R&D: ability to invest for Organic investment higher returns organically Share buybacks to ensure capital efficiency and enhance shareholder returns Selective Share bolt-on buybacks acquisitions Selective opportunities to suppo
Slide 81: Our measures of success in FY-26
Our measures of success in FY-26 Deliver our platform and product roadmap including embedded AI Convert US pipeline into revenue Accelerate pipeline growth across regions Increase AI enablement across functions Deliver strong ARR growth and FY-26 guidance Copyright © 2026 Temenos 81
Slide 84: Non-IFRS definitions
Other Non-IFRS definitions Proforma (excluding Multifonds) Income statement line items and free cash flow adjusted to remove any contribution from Multifonds which closed in Q2-25. Constant currencies Prior year results adjusted for currency movement Non-IFRS adjustments Like-for-like (LFL) Share-ba

Temenos — Q4 2025 Earnings Presentation on 6ix

Temenos — Q4 2025 Earnings Presentation

Slide 1: Copyright © 2026 Temenos

Slide 2: Disclaimer

Slide 3: Non-IFRS information

Slide 4: Agenda

Slide 5: Leading Banking Forward

Slide 6: Our Vision and Mission

Slide 7: Temenos today: Broad platform trusted by clients globally

Slide 8: Experienced leadership team driving Temenos forward

Slide 9: Market opportunity

Slide 10: Market growth remains attractive at 7% CAGR from FY-25 to FY-28

Slide 11: Ongoing strong demand growth for Public Cloud and SaaS

Slide 12: Structural trends fuel growing demand for third-party banking software

Slide 13: Strategy update

Slide 14: Focused and impactful execution in the first 12 months

Slide 15: Strong 2026 pipeline aligned with strategic growth priorities

Slide 16: Strengthening our right to win with our industry-leading platform

Slide 17: Expanding our footprint across top tier banks globally

Slide 18: Delivering our raised FY-28 targets through strategic levers and enablers

Slide 19: Lever A: Momentum across regions driven by strong competitive performance

Slide 20: Lever B: Material progress in composable architecture

Slide 21: Lever C: Strengthened ability to win across point solutions

Slide 22: Investing in our business enablers to deliver above market growth

Slide 23: Delivering on our US growth ambitions

Slide 24: Driving a culture of empowerment and responsibility

Slide 25: Temenos in the AI era

Slide 26: High AI adoption threshold creates a strong moat for Temenos

Slide 27: Client trust in Temenos platform is a significant advantage in the AI era

Slide 28: Temenos sits at the heart of the AI-era banking stack

Slide 29: A well-defined AI strategy to capitalize on our structural advantage

Slide 30: Our measures of success in FY-26

Slide 31: Product and technology update

Slide 32: From strategy to product: structuring our product for market leadership

Slide 33: Delivering on our strategic priorities globally

Slide 34: Agile transformation to iterate and deliver faster

Slide 35: Co-innovation with our Design Partner Program

Slide 36: Extending commitment to Core

Slide 37: Build on Wealth & Payments Leader

Slide 38: Strong SaaS momentum

Slide 39: Our US product suite: execution focus in FY-25; market leading in FY-26

Slide 40: Differentiating with Digital: a winning strategy

Slide 41: Temenos AI Strategy: Product

Slide 42: Temenos AI Strategy: Product

Slide 43: Temenos AI Strategy: Process

Slide 44: Our measures of success in FY-26

Slide 45: Go to market and customer success

Slide 46: Strong progress on our GTM priorities to drive growth

Slide 47: Executing on our US ambitions

Slide 48: Good progress on our partner delivery strategy in FY-25

Slide 49: Our sales strategy to maximize effectiveness and drive growth

Slide 50: Integrating value selling with AI into our sales process

Slide 51: Delivering tangible value to customers

Slide 52: Our measures of success in FY-26

Slide 53: Copyright © 2026 Temenos

Slide 54: People and culture

Slide 55: People are the key

Slide 56: Our Values

Slide 57: Employee voice validates the continuous focus on people-first culture

Slide 58: Culture and leadership

Slide 59: Temenos AI Strategy: People

Slide 60: Our measures of success in FY-26

Slide 61: Financial framework and FY-28 targets

Slide 62: Financial framework

Slide 63: Good progress made on subscription revenue model transition

Slide 64: Raised FY-28 targets reflecting strong execution

Slide 65: Underlying trends in our USD 25bn SAM continue to be supportive

Slide 66: Temenos has a significant cloud business

Slide 67: ARR expected to reach over USD 1.23bn by FY-28

Slide 68: Subscription & SaaS will be the largest driver of ARR growth

Slide 69: A P&L view of our revenue growth

Slide 70: ARR and product revenues to converge by FY-28

Slide 71: Maintenance growth evolution

Slide 72: Significant operating leverage in the business

Slide 73: Operating leverage will drive EBIT growth and margin improvement

Slide 74: Well-defined investment plan to deliver our platform and product roadmap

Slide 75: Maintaining EBIT to FCF conversion of 85%

Slide 76: Increased FCF target to c.USD 410m by FY-28

Slide 77: Maintain leverage ratio of 1.0-1.5x

Slide 78: Disciplined Capital Allocation

Slide 79: Conclusion