Allgeier SE

Investor Presentation • Aug 1, 2023

Investor Presentation

August 2023

allgeier.com

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

1 Allgeier at a glance

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

Allgeier has built >EUR 2bn of shareholder value in recent 20 years

€ 480 m Revenue 2022 1

17 % Revenue CAGR1,2 (2020-22)

13 % Adj. EBITDA margin 2022 1,3

40 % Adj. EBITDA CAGR1,2,3 (2020-22) Broad customer base of >2.000 large enterprises, Mittelstand companies & public sector clients

>3,500 highly skilled employees 4

19 % Employee growth CAGR1,2

(2020-22)

Buy & build track record with 80+ value-adding acquisitions since 2004

Digitalization as business driver, positioning in key growth sectors & future trends such as e-commerce, cloud, cyber security & open-source software development

1) Continuing operations according to IFRS as of December 31, 2022 2) Compound Annual Growth Rate 3) EBITDA before effects that are extraordinary or relate to other periods 4) as of June 30, 2023

Allgeier shows sustainable growth and continued increase in value

1) Continuing operations according to IFRS 2) In 2020 Allgeier fully spun-off its international software engineering business as an independent listed company 3) As of December 16, 2020: value of Allgeier share plus value of Nagarro share, white comparison line: performance of DAX in percent (basis January 1, 2016: 100 percent)

Revenue1,2 in € m

Share performance 2 in €

2 Market trends

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

German IT & software services market¹

Investment in the digitalization of public administration in Germany 3 Global spending on digital transformation technology & services 5

Global cyber security market ⁴ Global e-commerce market Global cloud containerization

6

market²

\$ 2,160bn 2023

11 % CAGR 2022–27 \$ 5,480bn 2027

13 % CAGR 2022–29

\$ 376bn 2029

39 % CAGR 2022–29 \$ 22.7bn 2029

€ 90.9bn 2023 € 90.9bn 2023

> € 3.3bn 2021/2022 > € 3.3bn 2021/2022

1) BITKOM, Eito; as of July 2023 2) Data Bridge Market Research: Global Application Container Market; as of December 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 2022 5) Statista: Spending on digital transformation technologies and services worldwide from 2017 to 2026; as of October 2022 6) Statista: eCommerce - global; as of November 2022

3 Business overview

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

allgeier.com

Allgeier Enterprise IT

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

Full-range IT solutions & software services provider for digitalization

€ 374 m Revenue 2022 1 € 45 m Adj. EBITDA 2022 1,2

>2,400 IT & software specialists³ 27 locations in Germany

3

10 locations in Austria, Switzerland, Poland, Spain, USA & India 3

1) Based on unconsolidated segment financials according to IFRS as of December 31, 2022 2) Adjusted EBITDA (EBITDA before effects that are extraordinary or relate to other periods) of operating units w/o holding company costs

• Open-source/E-government
• Public sector IT services
• Cyber security
• Cloud
• E-commerce
• ERP & ECM
• SAP & ServiceNow consulting & software development

Focused on large IT & software projects for digital transformation, long-term managed services & proprietary software solutions

Allgeier Enterprise IT supports its clients processes along the entire value chain

in the digitalization and optimization of their digital business

Success Story Document management: Central collaboration platform based on our proprietary software

• 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 Global deployment using tablets for significant cost savings, higher efficiency in resource planning, higher speed & improvement of safety

Success Story Asset Management with SAP and EvoSuite: Mobile maintenance & work order management

• Support technicians in the field with SAP Asset Manager & EvoSuite
• Implementation of mobile maintenance solution SAP Asset Manager in biggest and complex German plant
• Implementation of scheduling and work order management solution EvoSuite
• 1500+ technicians supported by implemented solutions
• Global deployment using tablets for significant cost savings, higher efficiency in resource planning, higher speed & improvement of safety

Success Story eGovernment: Cross-state digitalization in the judiciary with e-file system and portal for billions of documents

• Replacing paper-based processes & implementation of an e-file system for electronic legal transactions and legally binding digital files in the justice system
• The central eAkte system stores, distributes and makes available the billions of documents from the various specialized procedures in compliance with the law
• The integration portal brings together various specialized procedures a thus provides a central point of contact for judges and clerks, among others (e.g., land registry, register management, eAkte).
• High availability requirements, organizational complexity (e.g., cross-state interconnectedness), and change management/acceptance (e.g., judicial independence)

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

allgeier.com

Allgeier Enterprise IT continues increase in earnings & margins

1) Based on unconsolidated quarterly segment financials; FY 2023 figures according to unaudited segment financials 2) Adjusted EBITDA (EBITDA before effects that are extraordinary or relate to other periods) of operating unit w/o holding company costs

mgm technology partners

18

mgm technology partners is an international high-end software provider for digitalization, disruptive technology & consulting services

High-end specialist for secure, highly scalable & available software solutions

€ 111 m Revenue 2022 1

€ 24 m Adj. EBITDA 2022 1,2

> 1,000 software developers & consultants³

13 locations in Germany 3

8 locations in France, Portugal, Czech Republic, Switzerland, Austria, USA & Vietnam³

1) Based on unconsolidated segment financials according to IFRS as of December 31, 2022 2) Adjusted EBITDA (EBITDA before effects that are extraordinary or relate to other periods) of operating units w/o holding company costs

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

• Enterprise low code platform mgm A12
• Enterprise software engineering
• Strategic IT consulting
• Web & application security
• Test automation

One of the leading service providers for e-government and e-commerce in Germany

Success Story eGovernment: German federal tax portal ELSTER

• mgm platforms are used by millions of users every day – the most prominent platform is the electronic tax office in Germany with secure authentication, web portals, mailbox and much more
• Ongoing project that continuously generates T&M revenues
• More than 30 million income tax returns per year
• Model-based software development enables efficient updates and adjustments
• Result: Germany's largest eGovernment project (est. 1996)

Success Story Commerce: Web shop customized software development & automated testing

• Quick, individual development of LIDL web shop
• Goals: Performance and reliability, especially weekly flyer campaigns
• mgm web shop framework: basis for individual development
• Automated technical QA with mgm QA tool set and shop reports
• Result: scalable, multi-client and internationally deployable overall system

Success Story Insurance: Digital marketplace development and workflow automation

• B2B2C insurance marketplace for business insurances like Cyber and D&O (financial lines)
• Fully automated workflows for brokers, insurance companies and customers
• Digital signatures
• Usage of mgm Cosmo Digital Network: automatic synchronization of offers and policies between broker and insurers

mgm technology partners is a strong partner for industries driven by high digitalization dynamic

mgm technology partners accelerates its growth with high profitability

1) Based on unconsolidated quarterly segment financials; FY 2023 figures according to unaudited segment financials 2) Adjusted EBITDA (EBITDA before effects that are extraordinary or relate to other periods) of operating unit w/o holding company costs

4 Group financials

Allgeier P&L shows growth and continuous margin improvement

Gross profit & margin¹

1) Continuing operations according to IFRS, FY 2023 figures unaudited 3) CAGR: Compound Annual Growth Rate

Performance & stability of Allgeier are underlined by key figures

Relationship length top 20 clients (avg)

91 %

13,7 yrs

^{54 58 57}

Revenue growth top 20 clients (CAGR 2015-2022)

+17 %

Revenue per capita

121,155 €

Operating Cashflow development in € m¹

Balance sheet ratios offer leeway for further M&A

€ 200 m

Revolving credit facility by a bank consortium

+

€ 60 m

Promissory note loan (Schuldschein) by a bank consortium with a term of 5 & 7 yrs

1) Continuing operations according to IFRS, FY 2023 figures unaudited

2) Net debt-to-Pro-forma Adjusted EBITDA (LTM) ratio according to revolving credit facility as of June 30, 2023

Guidance for the 2023 financial year and mid-term forecast: Further revenue growth & margin expansion

5 Value creation highlights

Allgeier is creating sustainable shareholder value at the core of digitalization

State-of-the-art software solutions are a key competitive differentiator

Digitalization drives our business. We address the need of our customers for change-the-business projects.

Digitalization is disrupting any business 1. 2.

We deliver high value-add through software solutions like open-source software, cyber security, cloud transformation & e-government.

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

Smart & highly skilled people are the basis of know-how in a fast-developing business environment 3. 4.

We are a safe & exciting home to our people based on modern & open cultures in the various Allgeier companies.

We are attracting companies & entrepreneurial people to join us.

Thank you

Postal address

Allgeier SE Einsteinstrasse 172 – Blue Tower 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