Cognizant Technology Solutions Corporation · NASDAQ:CTSH

Cognizant Technology Solutions — Merger or Acquisition (June 2024)

11 slides from Cognizant Technology Solutions's merger presentation, Jun 10, 2024

1. Slide 1: Cognizant to acquire Belcan

   Cognizant to acquire Belcan Expanding advanced Engineering R&D capabilities while diversifying into high growth aerospace & defense sector June 10, 2024 © 2024 Cognizant

2. Slide 2: Forward-looking statements

   Forward-looking statements This presentation includes statements that may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the accuracy of which is necessarily subject to risks, uncertainties and assumptions as

3. Slide 3: Engineering Better Outcomes

   intuition engineered Engineering Better Outcomes Strengthening Cognizant’s leadership in IoT and Digital Engineering with Belcan’s deep ER&D capabilities and leadership in attractive A&D sector 3 © 2024 Cognizant

4. Slide 4: Strategic rationale

   Strategic rationale Significantly expands access to the sizable and fast-growing ER&D services market • The ~$190 billion Engineering, Research & Development (ER&D) services market is expected to grow at 10%+ CAGR through 2026 • Fully aligned with Cognizant’s strategy to lead at the confluence of in

5. Slide 5: Transaction highlights

   Transaction highlights • Cognizant signed a definitive agreement to acquire Belcan for a total purchase price of approximately $1.29 billion, subject to customary adjustments, comprised of ⎻ $1.19 billion in cash consideration Key transaction ⎻ Fixed 1.47 million shares of Cognizant class A common s

6. Slide 6: Belcan provides advanced ER&D services to fast-growing commercial aerospace, defense and space clients

   Belcan provides advanced ER&D services to fast-growing commercial aerospace, defense and space clients, among others Belcan has an … that it serves with highly … which require a skilled exceptional client base … technical ER&D services … and accredited workforce …  Exposure to attractive sectors 

7. Slide 7: Strengthening our capabilities in engineering, research and development services

   Strengthening our capabilities in engineering, research and development services, one of our four key areas of market opportunity ER&D Services • Increasing area of focus, existing IoT Application Services and Digital Engineering capabilities • Broad and deep capabilities across core applications se

8. Slide 8: Expands our access to high growth, attractive markets with multiple tailwinds

   Expands our access to high growth, attractive markets with multiple tailwinds Belcan’s overall TAM expected to grow at 10%+ … … with Belcan weighted towards higher growth sectors (ER&D services total addressable market) ER&D services subsector % of Belcan 2023-26E CAGR revenue ~$255B ~$190B Aerospac

9. Slide 9: Advances Cognizant's long-term strategic priorities

   Advances Cognizant’s long-term strategic priorities 1 Accelerate revenue growth 2 Employer of choice 3 Operational excellence ► Belcan expected to grow revenue ► 6,500+ engineers and technical ► Belcan’s clients will gain access to faster than Cognizant with annualized consultants Cognizant’s full s

10. Slide 10: Expected to create shareholder value through enhanced growth opportunities, synergies and EPS accretion

    Expected to create shareholder value though enhanced growth opportunities, compelling synergies and EPS accretion Enhances growth Compelling synergies Expected to be opportunities with upside EPS accretive in 2026 • Belcan expected to immediately grow • Expected to deliver over $100 million in • Exp

11. Slide 11: Thank you

    Thank you 11 © 2024 Cognizant

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