SYZYGY : Annual Report 2022

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Digital is emotional 2022 Annual Report Contents 3 Key financial figures 5 Letter from the Management Board The SYZYGY GROUP Our Values 25 Cases 26 Allergan 28 BMW Motorrad 30 Coinbase 32 EBS Security 34 EnBW 36 O 2 Telefónica Thought Leadership The Stock 49 Report of the Supervisory Board Financial Information 2022 Group Management Report Financial figures Notes 149 Independent Auditors' Report Responsibility Statement by the legal Representatives Corporate Governance Report 164 Remuneration Report 175 Financial Calendar 2023 / Contact diffferent Berlin Key financial figures Key financial figures 2022 70,612 2021 60,124 2020 55,521 2019 64,243 2018 65,816 Development of sales (in kEUR) 8 % Poland 78 % 14 % United Kingdom Germany and USA Sales by segments 2022 -5,205 2021 6,379 2020 3,999 2019 5,497 2018 6,067 Operating income (in kEUR) 2022 -6,053 2021 5,394 2020 3,302 2019 5,194 2018 6,537 Income before taxes (in kEUR) 2022 -0.56 2021 0.30 2020 0.15 2019 0.26 2018 0.35 Earnings per share undiluted (in EUR) 2022 -848 2021 -985 2020 -697 2019 -303 2018 470 Financial income (in kEUR) 2022 -7,381 2021 4,133 2020 2,083 2019 3,540 2018 4,890 Net income (in kEUR) 2022 12,563 2021 8,140 2020 10,010 2019 -4,458 16,357 2018 Operating cash flow (in kEUR) Key financial figures 50.33 % 88 % 12 % Bank deposits and overnight deposits Corporate and The SYZYGY GROUP remains on a growth trajectory and generating record sales in 2022. 34.77 % 8.71 % 6.19 % WPP plc., St. Helier Private investors/others Institutional investors HANSAINVEST Shareholder structure government bonds, investment funds Portfolio structure of cash and marketable securities 45 % 55 % 72 % 28 % Equity Liabilities Non current assets Current assets Balance sheet structure 25% Automotive 24 % Services 20 % Finance/insurances 15 % Consumer goods 6 % Telecommunication/IT 10 % Others Sales allocation by vertical markets 2022 113 2021 108 2020 99 2019 106 2018 105 Sales by employee (in kEUR) 28 % 17 % 55 % Top 5 Top 6-10 Others Sales by clients' volume 19 % Technology 18 % Performance marketing 18 % Strategy/consulting 16 % Design 16 % Project management 13 % Administration Employees by function Letter Letter from the Management Board The SYZYGY GROUP enjoyed another successful year overall in 2022. We delivered strong performance and were able to expand our market position. We are pleased that our business is proving to be resilient despite the challenging environment. The SYZYGY GROUP remains on a growth trajectory, generating record sales of EUR 70.6 million and operating income of EUR 6.2 million in 2022 before goodwill impairment. Despite a backdrop of economic uncertainty, we can offer stability to our employees, our clients and to you, our shareholders. Digital transformation remains a priority even in uncertain times 2022 was dominated in particular by Russia's war against Ukraine - a human and political tragedy. There were also other challenges, such as uncertainty in the energy market, unstable markets, and a rise in interest rates and inflation. This led to widespread concern, cost pressures and subdued investment. Yet in this volatile economic climate, services around digitisation and digital experiences proved to be a resilient business model. Companies that are well-positioned on the digital front are better able to ride out crises and market volatility. The digitisation trend thus continues unabated across all sectors, business models, and in both large and small companies. 70.6 2022 (in Euro) Mangement Board of the SYZYGY GROUP Mio. Sales development

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