Allgeier SE

Earnings Release • Feb 1, 2019

Company Presentation February 2019

Leadership

Business segments

Fast-growing technologies and future trends

Allgeier is a high-growth Group with 9,000+ highly qualified IT experts and global shoring across 28 countries

1) in 2017 FY, continuing operations according to IFRS as of September 30, 2018 (unaudited), 2018E according to FC 10+2; 2017: adjusted figures according to IFRS 15

www.allgeier.com

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

With a highly specialized team we are offering cutting-edge technology solutions and services to create competitive advantage for the digital future

	3 Disruptive business Technology segments Services		Technology	Enterprise Services Business Process Consulting		Experts Professional Workforce Solutions
		5,500+ software & application developers		1,000+ SAP & Microsoft consultants		100k professionals in IT expert pool

Local and international presence gives Allgeier flexibility for allocation of resources

1) as of September 30, 2018, incl. first time consolidation of Objectiva & iQuest employee figures preliminary (own estimates)

Presence in 28 countries on 5 continents

• 81 sites in Germany
• 8 sites in Austria and Switzerland
• 22 sites in rest of Europe and Turkey
• 12 sites in the USA, Canada and Mexico
• 14 sites in India, China, Singapore, Vietnam, Malaysia, Thailand, Japan & UAE
• 2 sites in Australia
• 1 site in South Africa, 1 site in Mauritius

"Blended shoring" approach with onsite presence and flexible nearshore / offshore capacities

• Czech Republic (Prague), Poland (Warsaw) and Romania (Timisoara,Cluj-Napoca, Brasov, Sibiu, Craiova and Bucharest) are EU nearshore sites
• India and China with more than 4,500 highly qualified developers¹ are the offshore centres for high-end software & application development & management
• Additional offshore development unit in Vietnam

Allgeier is growing globally

1) Compound Annual Growth Rate (average yearly growth)

2) Sales in EUR million (as not stated otherwise), continuing operations according to IFRS as of September 30, 2018 (unaudited, partly own calculation),

www.allgeier.com 2017: adjusted figures according to IFRS 15

We report in three business segments and are broadly positioned in terms of industries and customers

1) Sales in EUR million, continuing operations according to IFRS as of September 30, 2018 (unaudited), 2017: adjusted figures according to IFRS 15

Allgeier works for leading companies across a range of different industries – from global industry and market leaders to medium-sized businesses

continuing operations according to IFRS as of September 30, 2018 (unaudited)

For our clients we solve some of the most complex business challenges and we aim to leverage technology to improve the lives of billions of customers worldwide

We have grown from 227 to >5,500 software developers in recent 10 years

We make Lufthansa the most digital carrier in the world.

We create game-changing S/4HANA retail solutions for the IoT era.

We deliver IT and engineering experts for leading international banking companies to create digital banking of the future.

Leadership

Business segments

Fast-growing technologies and future trends

Get to know the Allgeier Group Executive Board

Leadership

Business segments

Fast-growing technologies and future trends

Business segment Enterprise Services is one of the most sophisticated and fastest-growing SAP & Microsoft full-service consultants

1) 2017

www.allgeier.com 2) continuing operations according to IFRS as of Sept. 30, 2018 (unaudited), incl. intercompany balances between segments, adjusted figures according to IFRS 15

Business segment Technology is a truly global specialist for digitization of mission-critical business processes and disruptive technology services

1) continuing operations according to IFRS as of Sept. 30, 2018 (unaudited), incl. intercompany balances between segments, adjusted figures according to IFRS 15, without consolidation of new entities iQuest and Objectiva

Business segment Experts is a market-leading one-stop-shop for professional workforce solutions

1) continuing operations according to IFRS as of Sept. 30, 2018 (unaudited), incl. intercompany balances between segments, adjusted figures according to IFRS 15

Leadership

Business segments

Fast-growing technologies and future trends

Allgeier focuses on fast-growing technologies and on future trends

Source: Bitkom Research (sector barometer H1 2018), selected trends

Leadership

Business segments

Fast-growing technologies and future trends

Allgeier grows by 16% in 2017 (CAGR² 2014-2017: 16%)

Sales¹ in EUR m

Enterprise Services: CAGR² 35% p.a.

Strong expansion of SAP unit and integration of the business of Ciber Germany, Denmark and France

Technology: CAGR² 24% p.a.

Continued strong growth

Experts: CAGR² 5% p.a.

Reorganization incl. structural adjustments equalizes growth; sales at comparable level to previous year

1) continuing operations according to IFRS as of Sept. 30, 2018 (unaudited), 2017: adjusted figures according to IFRS 15, segment information including intercompany balances between segments 2) Compound Annual Growth Rate (average yearly growth)

Quarterly development shows continued sales growth

Sales¹ (on quarterly basis) in EUR m

• FY 2017 growth investments pay off: Significant sales growth in 2018 fiscal year
• 1-3Q 2018 with continued sales growth, strongest three quarters in the company's history
• 1-3Q 2018: 503 EUR m (+20 %, PY: 420 EUR m)
• 2018E¹ : 700 EUR m (+22 %, PY: 574 EUR m), value added (E) up by 27 %

1) continuing operations according to IFRS as of September 30, 2018 (unaudited), 4Q2018E according to FC 10+2;2017: adjusted quarterly figures according to IFRS 15

2017 results impacted by growth investments

www.allgeier.com Experts Technology Enterpr. Services Holding, other segments & consolid.

Enterprise Services

• Favourable development of existing business
• No contribution to earnings from SAP unit yet

Technology

2017 year of consolidation at a high level after strong growth in the previous year

Experts

New positioning and growth investments cost earnings in 2017

Holding, other segments and consolidation

Initial investments in segment New business areas

21

¹⁾ continuing operations according to IFRS as of Sept. 30, 2018 (unaudited), segment information incl. intercompany balances between segments, 2017: adjusted figures according to IFRS 15

After dip in earnings in 2017, significant earnings growth in 2018

EBITDA¹ (on quarterly basis) in EUR m

• FY 2017 growth investments pay off: Significant earnings growth in 2018 fiscal year
• 1-3Q 2018 with significant increase in earnings, strongest first three quarters in the company's history
• 1-3Q 2018 EBITDA: 26.1 EUR m (+32 %, PY: 19.8 EUR m)
• 2018E EBITDA¹ : 35.6 EUR m; 2018E adjusted EBITDA¹ : 45.4 EUR m

1) continuing operations according to IFRS as of September 30, 2018 (unaudited), 4Q2018E according to FC 10+2;2017: adjusted quarterly figures according to IFRS 15

Allgeier SE

Wehrlestraße 12

81679 Munich

Germany

Tel: +49 (0) 89 99 84 21-0 Fax: +49 (0) 89 99 84 21-11

Email: ir@allgeier.com Web: www.allgeier.com