Allgeier SE

Investor Presentation • Jan 9, 2023

Investor Presentation January 2023

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 20211,3 (2018-2021)

1 €403m Revenue 2021 11% Adj. EBITDA margin 20211,3 Adj. EBITDA CAGR1,2,3 30% (2018-2021)	Broad and stable customer base of large enterprises, medium-sized companies & public sector clients on all federal levels
≈3,000 highly skilled employees1 & >750 freelance IT & 1 software experts	Buy & build track record with 80+ value-adding 1 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 2022 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 November 2022 6) Statista: eCommerce - global; as of November 2022

39% CAGR 2022-29	13% CAGR 2022-29	11% CAGR 2022-27
\$22.7bn 2029	\$376bn 2029	\$5,480bn 2027
Global cloud	4	6
containerization market2	Global cyber security market	Global e-commerce market
€76.0bn 2022	>€3.3bn 2021/2022	\$1,850bn 2022
German IT & software services market1	Investment in the digitization of public administration in Germany3	Global spending on digital transformation 5 technology & services

39% CAGR 2022-29 \$22.7bn 2029

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

Allgeier Enterprise IT mgm technology partners

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 • SAP & ServiceNow consulting & software development
>2,000 IT & software specialists1 1 >600 freelance IT experts	1 19 locations in Germany 7 locations in Austria, 1 Switzerland, USA & India

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

Allgeier Enterprise IT has a broad base of enterprise, Mittelstand & 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

www.allgeier.com

Allgeier Enterprise IT continues increase in earnings & margins

1) Based on unconsolidated quarterly segment financials; FY 2022 figures according to unaudited segment financials 2) Adj. EBITDA (EBITDA before effects that are extraordinary or relate to other periods) of operating unit w/o holding company costs

One of the leading service providers for e-government solutions in Germany	• High-end software development • E-government & E-commerce • A12 Enterprise Low Code Platform • Proprietary platform solutions Digitization consulting • Web application security •
≈900 software developers & consultants1 1 >50 freelance IT experts	1 10 locations in Germany 6 locations in France, Czech Republic, Switzerland, Austria, USA & Vietnam1

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

1	4

www.allgeier.com

mgm technology partners accelerates its growth with high profitability

1) Based on unconsolidated quarterly segment financials; FY 2022 figures according to unaudited segment financials 2) Adj. EBITDA (EBITDA before effects that are extraordinary or relate to other periods) of operating unit w/o holding company costs

Agenda

Allgeier at a glance

Market trends

Business overview

Group financials

Value creation highlights

www.allgeier.com

Group financials

Allgeier P&L shows growth and continuous margin improvement

1) Continuing operations according to IFRS; FY 2022 figures unaudited 2) EBITDA before effects that are extraordinary or relate to other periods

Gross profit & margin¹ in € m Adj. EBITDA & margin1,2 Revenue¹in € m in € m 102 ⁹⁵ 91 89 2020 2021 2022 ²⁴ 23 29

www.allgeier.com

Operating Cashflow development H1 2022 Net debt in € m¹ in € m¹

Balance sheet ratios offer leeway for further M&A

€200m

Revolving credit facility by a bank consortium

+

€60m

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

1) Continuing operations according to IFRS

2) Net debt-to-Pro-forma Adjusted EBITDA (LTM) ratio according to revolving credit facility

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

Group financials

Revenue

FY 2023

€500-540m

€65-71m

(corresponding to a margin of 13%)

Mid-term (next 3 yrs)

Organic growth rate of 10-15%

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.

• Digitization drives our business. We address the need of our customers for change-the-business projects.
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Modern software solutions are a key competitive differentiator.

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

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

• We are a safe & exciting home to our people based on modern & open cultures in the various Allgeier companies.
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M&A creates outstanding development opportunities in a fragmented market environment.

We are attracting companies & entrepreneurial people to join us.

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