Allgeier SE

Earnings Release • Oct 1, 2021

Investor Presentation October 2021

Agenda

Allgeier at a glance Market trends Business overview Financials Strategy

Allgeier at a glance

12 % Adj. EBITDA CAGR1,2,3 (2016-2020)

€352m Revenue 2020 1

€30m Adj. EBITDA 2020 1,3

2,500 employees 4 ~700 freelance experts 4

81 acquisitions 10 disinvestments (2005-2021)

Allgeier key facts post spin-off

IT holding with a successful buy & build strategy for more than 15 years

Full IT and software services portfolio ranging from high-end software development to business efficiency solutions for digitization and business transformation

Focus on digitization needs of public and private sector clients in the German-speaking market

Broad and stable customer base consisting of large enterprises, mid-sized companies and public sector clients

At a glance

2,000 Avg. customers 2020

Cornerstones of the Allgeier story with the aim of significantly increasing the value of the company

One of the major German full-service providers for software solutions and IT services with excellent proprietary software products and more than 2,000 employees

Focus on the German market as the largest IT market in Europe with a volume of more than € 25 billion for software and IT services Broad customer base of more than 2,000 clients from the public sector, large corporations as well as industry- and market-leading SMEs

Sustainable growth above market average, building on a lean holding structure and a strong financial basis with increasing gross and earnings margins

Allgeier's buy & build competence is underlined by its M&A track record

1) Based on historical consolidated Allgeier group financials according to IFRS including Nagarro group (discontinued operations)

2) Compound Annual Growth Rate 2005-2020

3) Based on combined financial statements of Nagarro group

▪ Entities highlighted formed the spun-off Nagarro group

At a glance

Experienced and entrepreneurial management team

Dr. Marcus Goedsche Management Board

Munich, Germany

With Allgeier since 2007 Board member since 2008

Hubert Rohrer Management Board

Bremen, Germany

With Allgeier since 1986 Board member since 2013

Market trends

Allgeier participates in market trends in a growing European IT market

Business overview

• developer as leading provider of e-government, commerce and insurance solutions

• Covering a comprehensive spectrum of digitization expertise along the three units mgm technology partners, mgm consulting partners and mgm security partners

• enterprise services, experts and cyber security units to create a strong joint full-service IT offering

• Focus on deepening of customer relationships, participation in major tenders and pitches in the field of IT services as one-stop shop for the entire IT portfolio with the aim to enhance value-add and achieve higher margins

Allgeier re-organized the segments to emphasize its core operations

Enterprise IT – Fully fledged German software project and IT services provider

Hubert Rohrer Member of the Allgeier SE Management Board

24 locations in Germany 6 locations in Austria, Switzerland and Turkey 1

1,700 IT experts

1

600 freelance IT experts

1

Full-range IT solutions & services provider for customers' mission-critical processes, focusing on for large software projects & long-term managed services/maintenance contracts in the areas of

• business efficiency solutions
• open-source & e-government solutions
• cyber security solutions & services
• business process management & enterprise content management
• cloud solutions (Azure, AWS, open-source cloud, containerization)
• mobile applications

Extensive customer base of ~500 large enterprises

Business focus

Comprehensive project & IT services portfolio:

• market-leading software products and business digitalization platforms
• own IP-based architecture & software solutions
• in-depth process know-how & consulting expertise
• large resource pool of highly qualified IT & engineering experts ensuring scalability & flexibility

Business with recurring nature – revenues by T&M & license fees

Broad customer base is a core value of Enterprise IT

• 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

Business overview

Customer story Vodafone Project OneDMS: Selected clients

Enterprise IT sustains a broad and loyal customer base

Business overview

Customer diversification¹ Number of accounts¹

Industry segmentation1

mgm technology partners – High-end specialist for digitization & disruptive technology and consulting services

Consulting and solution provider for digitization projects & one of the leading service providers for e-government in Germany

Implementation of own platforms (i. e. "A12") & development of highly available & highly secure enterprise applications & platforms for crisis-resistant sectors

Enabling digital sovereignty by a disruptive software development process

Serving the full range of digitization topics:

management consulting, digital transformation & web application security

Hamarz Mehmanesh CEO

10 locations in Germany 6 locations in France, Czech Republic, Switzerland, Austria, USA and Vietnam¹

800 software developers & consultants 1 >50 freelance IT experts

Business focus

Customer story ELSTER

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

• 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 and stability for up to 1,000 system requests per second
• Ongoing project that continuously generates T&M revenues

Selected clients

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

Customer diversification¹ Number of accounts¹

Industry segmentation¹

Financials

Gross profit & margin¹

in € m Adj. EBITDA & margin1,3 Revenue¹in € m in € m

Allgeier P&L comprises of sustainable growth and restructuring of parts of the business

1) Continuing operations according to IFRS

2) Compound Annual Growth Rate 2017-2019 3) EBITDA before effects that are extraordinary or relate to other periods

www.allgeier.com

Allgeier has sufficient headroom for future M&A

€140m

New revolving credit facility by a bank consortium

Post Nagarro spinoff …

… Allgeier has kept most of the holding costs with room for improvement and

… Nagarro has taken on the majority of net debt as of spin-off date

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

www.allgeier.com

Enterprise IT is showing growth after successful reorganization and notable increase in earnings

1) Based on unconsolidated quarterly segment financials according to IFRS

⁸¹ 71 74 75 77 ⁷⁵ 2018 2019 2020 2021 ^{18 18} 20 ¹⁸ Gross profit & margin¹ in € m Adj. EBITDA & margin1,3 Revenue¹ in € m in € m 73 2 %² -3 %² 29 %²

www.allgeier.com

mgm technology partners shows continuous growth with high profitability

1) Based on quarterly segment financials according to IFRS

Guidance for the 2021 financial year

2021

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

www.allgeier.com 1) EBITDA before effects that are extraordinary or relate to other periods 23

€39–43m

(corresponding to an adjusted EBITDA margin of 10%)

Strategy

Allgeier creates shareholder value by …

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