Allgeier SE

Investor Presentation • Nov 19, 2021

Investor Presentation November 2021

Agenda

Allgeier at a glance

Market trends

Business overview

Group financials

Value creation highlights

Allgeier is a proven specialist in the digitization of business models Key growth & future sectors such as e-commerce, cloud, cyber security & open-source software development 2021E1,3 (2017-2020)

1 €380-420m Revenue 2021E 10% Adj. EBITDA margin 2021E1,3 Adj. EBITDA CAGR1,2,3 36% (2017-2020)	Broad and stable customer base of large enterprises, medium-sized companies & public sector clients
>2,700 highly skilled employees & ~700 freelance IT & software experts	Buy & build track record with >80 value-adding acquisitions

Allgeier is a software and IT services company specialized in the digitization of mission-critical enterprise processes

At a glance

Agenda

Allgeier at a glance Market trends Business overview Group financials Value creation highlights

Allgeier is driven by major software & IT services market trends and the huge demand for digital transformation

www.allgeier.com 5 1) BITKOM, Eito; as of July 2021 2) IndustryArc, IT Services market 2021; as of January 2021 3) National Standards Control Council: Monitor Digital Administration (federal budget for implementation of OZG and register modernization) 4) Fortune Business Insights: Cyber Security Market Research Report; as of March 2021 5) Statista: Spending on digital transformation technologies and services worldwide from 2017 to 2024; as of December 2020 6) Statista: E-Commerce; as of July 2021

6 Global e-commerce market

Agenda

Allgeier at a glance Market trends Business overview Group financials Value creation highlights

Allgeier organizes its software & IT services in two segments with strong & well-established brands

Business overview

Focused on large IT & software projects for digital transformation, long-term managed services & proprietary software solutions	Open-source/e-government • • Cyber security Cloud • • E-commerce • ERP & ECM
>1,700 IT & software specialists3 3 >600 freelance IT experts	3 24 locations in Germany 5 locations in Austria & Switzerland3

1) Based on segment financials according to IFRS 2) Adj. EBITDA (EBITDA before effects that are extraordinary or relate to other periods) of operating units w/o holding company costs 3) As of June 30, 2021

Enterprise IT is specialized in large digital transformation projects with recurring nature at the core of the customers' operations

Enterprise IT has a broad base of enterprise, Mittelstand and public customers…

• Building a central document collaboration platform for Vodafone in Germany and other countries as well as subsidiaries of Vodafone
• Migration of >4.5bn documents accessible by 4,500 users
• Technical basis is our proprietary DMS software that got highly customized for the specific Vodafone requirements, all architecture and software engineering is done by us
• The project is ongoing for 4 years and with a deployment of over 14,000 person days so far
• Our revenue from the project comprises of T&M & license fees

Customer story Vodafone Project OneDMS: Selected clients

… across major industries and with significant growth potential

Customer diversification¹ Number of accounts¹

Industry segmentation1

www.allgeier.com

Enterprise IT continues increase in earnings & margins

1) Based on unconsolidated quarterly segment financials according to IFRS

www.allgeier.com

1) Based on segment financials according to IFRS 2) Adj. EBITDA (EBITDA before effects that are extraordinary or relate to other periods) of operating units w/o holding company costs 3) As of June 30, 2021

One of the leading service providers for e-government solutions in Germany	High-end solutions & software • development E-government & e-commerce • • Proprietary platform solutions Digitization consulting • • Web application security
>800 software developers & consultants3 3 >50 freelance IT experts	3 10 locations in Germany 6 locations in France, Czech Republic, Switzerland, Austria, USA & Vietnam3

mgm technology partners is a high-end specialist for digitization, disruptive technology & consulting services

• mgm platforms are used by millions of users every day the most prominent platform is the electronic tax system ELSTER
• ELSTER is the largest and best-known e-government solution from Germany and one of the best references
• Online since >15 years safe, easily accessible, highly available & scalable; permanent access for 30m households and 5m companies
• Modern open-source technology with proprietary IT and modelbased approach that allows flexibility and customization
• High performance & stability for up to 1,000 system requests per second
• Ongoing project that continuously generates T&M revenues

Customer story ELSTER

	13

Selected clients

mgm technology partners' ongoing success is underlined by key public & enterprise accounts

mgm technology partners has in-depth know-how in e-government & commerce

Customer diversification¹ Number of accounts¹

Industry segmentation¹

	14

www.allgeier.com

mgm technology partners accelerates its growth with high profitability

1) Based on unconsolidated quarterly segment financials according to IFRS

6 acquisitions in 2021 increase focus on software & digitization

it-novum (June)

Specialist for business open-source technologies, e-government & IOT

Clientis (September)

SAP process optimization solutions & digitization consulting specialist

Publicplan (January)

High end-specialist for open-source e-government software solutions

MySign (July)

E-commerce & digitization powerhouse with highly scalable proprietary web commerce solutions

Cloudical (June)

Cloud & high-end containerization specialist for Kubernetes-based operating environments

2021

evora (November)

SAP & ServiceNow consulting and software development

Agenda

Allgeier at a glance

Market trends

Business overview

Group financials

Value creation highlights

Allgeier P&L shows growth and continuous margin improvement

1) Continuing operations according to IFRS

2) Compound Annual Growth Rate 2017-2020 3) EBITDA before effects that are extraordinary or relate to other periods

www.allgeier.com

Balance sheet ratios offer leeway for M&A

€140m

Revolving credit facility by a bank consortium

Group financials

1) Based on partly unaudited financials of continued operations according to IFRS 2) Net debt-to-EBITDA (LTM) ratio

Guidance for the 2021 financial year: Further revenue growth & margin expansion

Group financials

www.allgeier.com 20 1) EBITDA before effects that are extraordinary or relate to other periods

For the FY 2021, revenues are expected to be between €380–420m

€39–43m

(corresponding to an adjusted EBITDA margin of 10%)

FY 2021

Agenda

Allgeier at a glance

Market trends

Business overview

Group financials

Value creation highlights

Allgeier is creating sustainable shareholder value at the core of digitization

Digitization is disrupting any business.

Modern software solutions are a key competitive differentiator.

• Digitization drives our business. We address the need of our customers for change-the-business projects.
• We deliver high value-add through software solutions like open-source software, cyber security & e-government.
• We are a safe & exciting home to our people based on modern & open cultures in the various Allgeier companies.

Smart and highly skilled people are the basis of know-how in a fast-developing business environment.

M&A creates outstanding development opportunities in a fragmented market environment.

We are attracting companies & entrepreneurial people to join us.

Postal address

Einsteinstrasse 172 – Blue Tower I D-81677 Munich Phone: +49 89 998421-0

Contact

Investor Relations ir@allgeier.com

Web Follow us on LinkedIn

www.allgeier.com/en/investor-relations