Slide 1: Investor Presentation
Investor Presentation 03/2026
Slide 2: About adesso
About adesso adesso is optimising the core business processes of enterprises by providing consulting services and building tailor-made software and industry solutions. 2 03/2026
Slide 3: Profitable Growth
Profitable Growth €1.47 €1.60-1.70 billion billion Group sales 2025 Expected sales 2026 About 11,300 10.3% Employees Return on Equity (5Y average) adesso Group | as of 31 December 2025 3 03/2026
Slide 4: Our Portfolio
Our Portfolio business IT Services (> 90% of Sales) Business Software IT Consulting IT Management Consulting Development Strategy > Process Process > Architecture Architecture > Application Application > Operation IT Solutions Industry Solutions technology 4 03/2026
Slide 5: Equity Story
Equity Story 01 adesso will expand to form one of the leading integrated IT companies for sector-specific business processes in Europe From development to goals 02 adesso has an ambitious growth strategy and aims to grow by at least twice the rate of the market (plus M&A) 03 adesso aims to have a su
Slide 6: Growth Model
Growth Model Tried-and-tested model for expanding sector-wide presence Transfer of model to new sectors: CONSULTING DEVELOPMENT SOLUTIONS > Start a new core sector every 2-3 years INSURANCE > Latest additions: Retail, Utilities BANKS HEALTH Regional expansion PUPLIC AUTHORITIES AUTOMOTIVE Creation o
Slide 7: Close to our clients and people: We're located where the projects take place
Close to our clients and people: We’re located where the projects take place. Borås Helsinki Gothenburg Växjö Kiel Stralsund Malmo Neumuenster Rostock Nieuwegein Hamburg Bremen London Berlin Brussels Budapest Hanover Muenster Bucharest International & SmartShore Milan Essen Paderborn Sofia Dortmund
Slide 8: Sustained sales growth of ~22 % p.a. Operating profit up ~24 % p.a.
Sustained sales growth of ~22 % p.a. Operating profit up ~24 % p.a. 8 03/2026
Slide 9: Organic Growth
© Organic Growth Organic Growth vs. Acquisition (in EUR m) 1,500 1,250 1,000 750 500 250 0 Ce) S \x fo XS sf Na sf © “ er fF FP YS mPrevious Year mOrganic mAcquisition * Restated value Organic Growth vs. Acquisition (in %) 50 40 30 20 10 SN) 07 Ce) “~ “\' “ = ~ ‘S) S) 17 x sv VJ \x s S) S Sv Ne so e
Slide 10: Business Model
Business Model Innovation Growth Margin Portfolio Expansion Grow each sector Utilisation New business models Enter new sectors Daily rates EPS/Dividend Product business Project efficiency International business License & Maintenance Recruiting Costs/changes per FTE: - Personnel to daily rates - M&A
Slide 11: Update FY 2025
Update FY 2025 11 03/2026
Slide 12: Strong Organic Growth
Strong Organic Growth Sales growth split 14% organic growth Headcount 8% growth in average FTE 12 03/2026
Slide 13: Sales Split FY 2025
Sales Split FY 2025 Sales by industry in EUR m FY 2025 Δ yoy Recap 2024 Insurance 193.5 + 20% - 2% Banking 164.5 + 9% + 6% Health 177.6 + 30% + 44% Public 231.2 + 11% + 12% Automotive 53,3 - 4% + 6% Manufacturing 127.7 + 8% + 5% Retail 86.8 + 6% + 10% Utilities 155.6 + 24% + 41% Cross Industries 274
Slide 14: Sales Split FY 2025 (2)
Sales Split FY 2025 (2) Sales by region in EUR m FY 2025 Δ yoy Recap 2024 Germany 1,225.7 + 15% + 14% Switzerland 123.8 - 3% + 4% Austria 39.3 + 27% + 20% Netherlands 16.2 + 14% + 8% Italy 18.0 + 28% + 19% Turkey 16.9 + 4% + 64% Other 25.1 + 20% - 5% 14 03/2026
Slide 15: Progress with operating earnings EBITDA
Progress with operating earnings EBITDA Operating Earnings > Capacity utilisation improved > Recovery with IT-solutions/license sales in Q2 and Q4 > EUR 2.6 m of previous year’s earnings from reversal of warranty provisions > Increase of material costs 15 03/2026
Slide 16: EBITDA margin further improved
EBITDA margin further improved Key Figures in EUR m FY 2025 FY 2024 Δ yoy Employees (FTE, avg.) 10,841 10,059 + 8% Sales 1,465.8 1,285.9 + 14% Gross Profit 1,232.3 1,101.2 + 12% Personnel costs 986.5 888.9 + 11% Other operating expenses 157.2 145.8 + 8% EBITDA 123.6 94.8 + 30% EBITDA-margin (%) 8.4
Slide 17: Restatement
Restatement Balance Sheet in EUR m, Income Statement in EUR m, Reported Δ Adjusted Reported Δ Adjusted as of 31 December 2024 as of 31 December 2024 Intangible Assets 38.4 +10.8 49.2 Sales revenues 1,297.0 -11.0 1,285.9 Deferred tax assets 19.0 -6.8 12.2 Own work capitalised 5.6 +6.8 12.4 Contract a
Slide 18: Improved EPS due to higher EBITDA despite higher taxes
Improved EPS due to higher EBITDA despite higher taxes Key Figures in EUR m FY 2025 FY 2024 Δ yoy EBITDA 123.6 94.8 + 30% Depreciation plant & equipment - 65.9 - 59.9 + 10% Depreciation ppa - 7.1 - 7.6 - 7% Depreciation goodwill 0.0 0.0 - Income from investments - 2.7 - 1.9 - 40% Financial result -
Slide 19: Net Working Capital increased
Net Working Capital increased Key Figures in EUR m 31.12.2025 31.12.2024 Δ yoy Cash 84.6 89.7 - 5.1 Return on Net Working Financial debt 158.3 136.2 + 22.1 Capital (RONWC) = 25.4% Net-Debt - 73.7 - 46.6 - 27.2 Operating Cash-Flow 85.6 118.0 - 32.5 Net Working Capital 199.2 155.5 + 28% Return on Equi
Slide 20: Cash Flow Development
Cash Flow Development Cash Flow in EUR m FY 2025 FY 2024 Δ yoy Operating Cash Flow 85.6 118.0 - 28% CAPEX - 42.4 - 29.1 + 46% FCF LTM per Share: 0.22 EUR/Share Lease Repayments - 41.7 - 36.3 + 15% Free Cash Flow 1.5 52.6 - 97% * Factoring at EUR 57.7 million as of 31 December 2025, compared to EUR 5
Slide 21: Dividend increased for the thirteenth year in a row
Dividend increased for the thirteenth year in a row Dividend proposal: EUR 0.78 per share (+4%) > adesso continues policy of increasing dividend payments in light of improved earnings > Consolidated earnings: EUR 17.5 million (2024: EUR 4.2 m) > Earnings per share: EUR 2.83 > Dividend payment: EUR 5
Slide 22: Guidance
Guidance Guidance 2026 > Ongoing market demand in IT Services despite weak macroeconomic environment > Making use of AI demand and AI supported development processes > Stabilised utilisation and continued reduced hiring speed > Improved profitablilty, supported by two additional working days > Slow
Slide 23: Many Thanks!
Many Thanks! adesso SE Michael Knopp Member of the Executive Board Adessoplatz 1 44269 Dortmund Germany T +49 231 7000-7000 www.adesso-group.de/en/
Slide 24: Appendix
— Appendix 24 Cc) 03/2026
Slide 25: References
arvato BERTELSMANN andsafe Oartesan | Bundesamt “AS | fur Sicherheit in der Informationstechnik ) *® J Beschattunasame MBS | ies Bundesministeriums des Innern BARMER [| 4? BayerntB BS|ENERGY Wir finanzieren Fortschritt. BIG direkt gesund ff — BUNDES. DRUCKEREI! EINFACH. MENSCHLICH. ye aN p DEUTSCHE
Slide 26: Key Figures (Financial Year)
Key Figures (Financial Year) in EUR k 2019 2020 2021 2022 2023 2024* 2025 Profit Situation Sales revenues 449,704 523,375 678,324 900,253 1,135,903 1,285,945 1,465,782 domestic 360,987 413,053 550,232 744,178 930,561 1,062,000 1,225,680 foreign 88,717 110,322 128,092 156,075 205,342 223,945 240,102
Slide 27: Shareholder Structure
Shareholder Structure Shareholder Structure Shareholders 27 03/2026
Slide 28: The share
The share > Market Cap: EUR 579.1 million as at 31 December 2025 > Share price: EUR 88.70 as at 31 December 2025 > Average Analyst Price Target: EUR 127.83 > Free Float: 47.9 % 28 03/2026
Slide 29: adesso share: basic data
adesso share: basic data ISIN Code DE000A0Z23Q5 WKN (national securities identification number) A0Z23Q Symbol / Code ADN1 Reuters Instrument Code ADNGk.DE Bloomberg Symbol ADN1:GR First day of trading 21 June 2000 Trading platforms Xetra, Tradegate Exchange Market Segment Prime Standard Number of Sh
Slide 30: Shareholdings
© Shareholdings Austria Vienna | 100 adesso’s national companies or branch offices Belgium Brussels | 100% Bulgaria Sofia | 100% Finland Espoo/Helsinki | 100 % Hungary Budapest | 100% adesso SE Dortmund India Cochin | 100% Italy Milan | 100% Netherlands Amsterdam | 100 % Romania Bucharest | 100 % IT
Slide 31: Executive Board (1)
Executive Board (1) Mark Lohweber CEO Mark Lohweber (born 1969) is a member of the Executive Board and is responsible for the operational business in the Banking and Insurance sectors as well as international business, including nearshoring and offshoring. As a member of the Executive Board, he is a
Slide 32: Executive Board (2)
Executive Board (2) Michael Knopp Member of the Executive Board Michael Knopp (born 1966) is a member of the Executive Board and is responsible for the central areas of Finance, Investor Relations and Mergers & Acquisitions. Additionally, he is responsible for the investment adesso ventures GmbH. Mi
Slide 33: Supervisory Board
Supervisory Board Prof. Dr. Volker Gruhn Co-founder of adesso, professor for Software Engineering Chairman and Chairman of the Nomination Commitee Christoph Junge Group CFO of UNITY Management GmbH and part of the Six members with Chairman of the Audit Committee management team. The company is the p
Slide 34: Important Dates 2026
Important Dates 2026 Date Event 2026-03-31 Publication of the 2025 annual report, financial press/analyst conference 2026-05-11 Publication of the Quarterly Statement Q1 2026 2026-05-12 Spring Conference 2026, Frankfurt/Main 2026-06-03 Regular ASM, Dortmund 2026-06-16 Roadshow Paris /w Berenberg 202
Slide 35: Many Thanks!
Many Thanks! adesso SE Michael Knopp Member of the Executive Board Adessoplatz 1 44269 Dortmund Germany T +49 231 7000-7000 www.adesso-group.de/en/