Allgeier SE

Investor Presentation • Nov 19, 2014

Company Presentation

November 2014

Allgeier at a glance

Full-service approach and comprehensive portfolio

Fast-growing technologies and future trends

Performance

Allgeier SE is one of the leading IT companies for Business Performance: Allgeier combines the advantages of an international provider with the merits of medium-sized companies with a growth strategy oriented consistently to innovations and future trends, and an integrative business model.

Allgeier's comprehensive portfolio comprises three Business Groups

EXPERTS	SOFTWARE DEVELOPMENT	SOLUTIONS/BUSINESS SOFTWARE
Expert Staffing & Recruiting	High End-Software & Application Engineering  Nearshore/Offshore Development  Implementation  Management  Testing Software Lifecycle Projects	Software Solutions  Standard Software Solutions - Microsoft, Infor, SAP, IBM, Oracle etc.  Proprietary Software Solutions - ERP, IT Security, ECM/DMS, Medical IT
Placement Services	Application Management Services  Outtasking  Nearshore/Offshore Delivery  IT Service Management	Business Solutions  Cloud Solutions  Security & Compliance Solutions  Collaboration Solutions  Mobile Computing Solutions  Business Process Management
Third Party Management	Process & IT Consulting  IT Architectures  E-Commerce & Portals  Mobile Enterprise  Big Data/Business Intelligence  Apps	Service Solutions  Managed Infrastructure Services  Unified Communications

Allgeier focuses its business model on high-growth areas offering above-average development potential¹

GROUP LEVEL	Allgeier Group
BUSINESS GROUP LEVEL	Experts		Software Development	Solutions / Business Software
DIVISION LEVEL	Allgeier Experts	Nagarro	mgm technology partners	Solutions	terna
	Goetzfried	Nagarro Group	mgm technology p.	Allgeier IT Solutions Gr.	terna Group
COMPANY	TECOPS	Softcon	mgm consulting p.	WK EDV
LEVEL	TOPjects	Hexa	mgm security p.	b+m Informatik
	U.N.P.			innocate solutions
	Xiopia			Allgeier Medical IT
	Oxygen Consultancy			Metasonic
				BSR & Partner
				Allgeier CH

1) Group structure without discontinued operations

Allgeier's top line has been powered by both organic growth and acquisitions: 38% CAGR

^{44 93} 133 179 224 309 379 423 478 171 209 248 320 325 384 ^{450 468} 489 2005 2006 2007 2008 2009 2010 2011 2012 2013 Sales Sales pro forma CAGR + 35% p.a.

Sales¹/ Sales pro forma²

• Allgeier reports strong growth in recent years: Sales continued operations according to IFRS (excluding sold divisions): +35% CAGR (2005-2013)
• Sales pro forma (incl. historical values of companies acquired² ): +14% CAGR (2005-2013)
• Allgeier accelerates growth and expands the solutions and services portfolio through highly selective acquisitions

1) in EUR millions; continued operations according to IFRS (excluding sold basic technology and temping divisions, incl. DIDAS) 2) in EUR millions; acquisitions from insolvency and asset deals excluding historical values, incl. DIDAS

As an integrated company Allgeier's portfolio of IT offerings spans across various sectors, industries and customers

Allgeier works for leading companies across a range of different industries – from global groups to medium-sized businesses

Sales by industry

Local and international presence gives Allgeier flexibility for allocation of resources

• 64 sites in Germany
• 13 sites in Austria and Switzerland
• 10 sites in rest of Europe and Turkey

• 7 sites in the USA, Mexico and India

• Blended shoring approach with onsite presence and and nearshore/offshore capacities

• Prague (Czech Republic) and Timisoara (Romania) are nearshore sites
• India is the offshore centre for High-End Software & Application Development & Management

Through highly selective acquisitions Allgeier has formed one of the leading IT Groups in the German-speaking world

Allgeier focusses on performance, flexibility and innovation

Performance	 High growth: Sales CAGR 35% (2005-2013), EBITDA CAGR 24% (2005-2013)  Growth permanent employees: CAGR 39% (2009-2013)1
Flexibility	 Business Groups with high autonomy in specialized fields form an integrated Group  Blended shoring approach – nearshoring and offshoring with > 1,500 highly qualified IT experts at sites in Romania, Czech Republic and India
Innovation	 Concentrate on highly innovative business fields such as IT Security, Cloud Computing, Mobile Applications, Big Data/Datability, Outsourcing, Enterprise Content Management, Collaboration/Enterprise 2.0 und Recruiting/Expert Staffing

1) 4,669 permanent employees and 1,354 freelance experts (December 31, 2013)

Allgeier at a glance

Full-service approach and comprehensive portfolio

Fast-growing technologies and future trends

Performance

Business Group EXPERTS: Leading provider of flexible personnel services

EXPERTS SOFTWARE DEVELOPMENT SOLUTIONS/BUSINESS SOFTWARE

Facts and Figures

• 1,700 salaried IT experts and commercial specialists

• 1,000 freelance IT experts, commercial specialists and engineers on project assignments

• 100,000 expert pool of IT experts, IT-related engineers and commercial experts for temporary assignments

• 10,000 candidates wanting permanent employment

• "Just in time" meeting exactly the customers' needs: 30 sites in 3 countries, thereof 26 in Germany, 1 in Switzerland and 3 in Turkey
• Among top 3 personnel service-providers in Germany according to the Lünendonk® 2014 market segment study "The market for recruiting, mediating and managing IT freelancers in Germany"

Operating units

Business Group EXPERTS: Leading provider of flexible personnel services

EXPERTS SOFTWARE DEVELOPMENT SOLUTIONS/BUSINESS SOFTWARE

Solutions and Services References

• Recruitment of IT freelancers, IT and commercial experts, specialists or managers for projects, as part of temporary employment or within the framework of service or factory contracts
• Realization of personnel services projects (service desk, onsite, rollout): staffing and personnel resources management with service level agreement-responsibility
• Recruitment services/Direct placement
• Contracting/Agency services (Umbrella)

• Analysis of personnel requirements and profile analysis

• 9 out of 20 biggest* German companies

• 14 out of 30 DAX listed companies
• 11 out of 20 biggest** German banks

• 300 national and international customers from almost all sectors, i.e.

• IBM
• Daimler
• Lufthansa
• ERGO
• UniCredit
• Commerzbank
• Deutsche Telekom
• Siemens
• Allianz

* in terms of sales ** in terms of total assets

Highly demanded Competences in Expert Pool (extract)

SAP BW J2EE 5 XAML ASP.Net AJAX Microsoft BizTalk Server Windows Communication Foundation (WCF) LINQ C#, VB.Net SilverLight iOS Business Objects Macromedia Flash + Flex Facebook API SAP Mobile Web 2.0 (RSS, ATOM) SAP XI Server-oriented Technologies Workflow Engines IBM WebSphere Portal Server BEA Web logic RAD Frameworks Microsoft SQL Server Hibernate Business Intelligence Visual Studio

Business Group SOFTWARE DEVELOPMENT: Specialist for high-end application development and software licecycle management

EXPERTS SOFTWARE DEVELOPMENT SOLUTIONS/BUSINESS SOFTWARE

Facts and Figures

• 2,300 permanent employees and around 150 freelance IT experts

• 1,500 highly qualified IT developers in near- and offshore centres in India, Romania and Czech Republic

• International setup and flexible provision: 29 sites in 11 countries, thereof 15 in Germany, 7 in Europa (Austria, France, Romania, Czech Republic, Sweden, Denmark and United Kingdom), 3 in U.S.A., 1 in Mexico and 3 in India
• CMMI certification level 5
• ISO 27001 certification

Operating units

Business Group SOFTWARE DEVELOPMENT: Specialist for high-end application development and software licecycle management

EXPERTS SOFTWARE DEVELOPMENT SOLUTIONS/BUSINESS SOFTWARE

Solutions and Services	References	Partnerships
 High End Software & Application Engineering - Nearshore/Offshore Development - Implementation - Management - Testing  Software Lifecycle Projects  Application Management Services  Business Process Consulting & Analysis  IT Consulting  IT Architectures  E-Commerce & Portals  Mobile Enterprise  Business Intelligence/Big Data  Apps	 6 out of 10 biggest German companies  9 out of 30 DAX listed companies  6 out of 15 biggest German insurance companies  > 300 national and international customers from almost all sectors, i.e. - BMW - E.ON - Pfizer - Hewlett Packard - Lufthansa - Nestlé - Deutsche Telekom - GE in terms of sales	Technologies
	** in terms of revenues

Business Group SOLUTIONS/BUSINESS SOFTWARE: Provider of high-performance solutions and services

EXPERTS SOFTWARE DEVELOPMENT SOLUTIONS/BUSINESS SOFTWARE

Facts and Figures

• 800 permanent employees and > 100 freelance IT experts

• High scalability and local presence: 35 sites in 4 countries, thereof 23 in Germany and 12 in rest of Europe (Switzerland, Austria and Poland)

• 1 in COMPUTERWOCHE and ChannelPartner's customer survey evaluating the best German IT services companies 2013 (#2 in 2014 and 2012)

• ISO 9001 certification
• Allgeier CH: Microsoft "Cloud Innovation" Partner of the year 2013
• Metasonic: Awarded by Gartner as "Cool Vendor" for business process management software in 2014

Operating units

Business Group SOLUTIONS/BUSINESS SOFTWARE: Provider of high-performance solutions and services

EXPERTS SOFTWARE DEVELOPMENT SOLUTIONS/BUSINESS SOFTWARE

Enterprise Resource Planning (ERP) (i.e. Microsoft Dynamics, Lawson M3 and Allgeier Solutions and Services References

Enterprise Content Management (ECM)

solution cierp3®)

• Cloud Solutions
• Security & Compliance Solutions
• Mobile Computing Solutions
• Virtualisation
• Business Process Management
• Unified Communications
• Application Management Services
• Outtasking
• Managed Services

• Infrastructure Services

• 13 out of 20 biggest* German companies

• 14 out of 30 DAX listed companies
• 10 out of 20 biggest** German insurance companies
• 8 out of 20 biggest** German banks

• 2,000 national and international customers from almost all sectors, i.e.

• Siemens
• Vodafone
• BMW
• Audi - Intel
• ALSTOM
• SAP
• * in terms of sales ** in terms of revenues - Oracle - EADS
• *** in terms of total assets - Gothaer

Partner Solutions

Allgeier Solutions and Frameworks

yntona logic	۰ cierr HANNEDNENT WITH A SHILL	MailOffice
ScanFactor Document Scanning Services		MedicalViewer	SC-OWI®	SC-Mobil®	LogIDSoft
SCOMMEW®		EI SCADA X-SIGHT		SKY
mgm Hadoop mgm keySteps® mgm Barrierefreiheit mgm Rules
authega ®	ANALYZER	VM
$b+m$ AGS.NET	$b+m$ $b$ AV-MANAGER		b+m FGCENTER	b+m FONDSMANAGER

Allgeier at a glance

Full-service approach and comprehensive portfolio

Fast-growing technologies and future trends

Performance

The German IT solutions and services market has shown stable growth for many years

Source: BITKOM, EITO (March 2014), own estimate; all figures in EUR billions

• In the last few years, Information Technology has changed the working methods of nearly every industry and public administration to a decisive degree.
• IT is now the most important driver for innovation in nearly every industry.
• As an innovative full-service supplier, Allgeier benefits from such development.
• Products and services offered in Experts, Software Development, Solutions/Business Software Business Groups are a reflection of the dynamic nature of the markets and corresponding customer demands.

Allgeier focuses on fast-growing technologies and on future trends

Technology and market trends 2014

Trend	Frequency of mention	Allgeier Solutions
IT Security	57%	e.g. JULIA MailOffice® email solution
Cloud Computing	49%	e.g. cierp3® ERP solution, scanview® on demand ECM solution
Mobile Apps/Mobile Computing	47%	e.g. SC mobile regulatory offences solution, scanview® Mobile, syntona® logic Mobile App
Big Data/Datability	44%	e.g. mgm Hadoop for high-performance mass data processing
IT Outsourcing	29%	e.g. global application management services
Social Media/Social Business	28%	e.g. web applications, business portals and shop solutions
Collaboration/Enterprise 2.0	25%	e.g. game-changing unified communications solutions
BYOD (Bring your own device)	23%	e.g. comprehensive IT security business solutions
Enterprise Content Management	22%	e.g. comprehensive Microsoft SharePoint business services

Source: BITKOM (industry trend survey, February 2014, "Technology and market trends from a business perspective") selected trends; multiple entries possible

Allgeier at a glance

Full-service approach and comprehensive portfolio

Fast-growing technologies and future trends

Performance

Strong sales growth CAGR 35%

Sales¹

Experts Projects Solutions

www.allgeier.com 1) in EUR millions; continued operations according to IFRS 2) in EUR millions; incl. DIDAS) incl. DIDAS

Sales pro forma²

Experts Projects Solutions

(excluding sold basic technology and temping divisions, acquisitions from insolvency and asset deals excluding historical values,

Strong earnings growth CAGR 24% – Strong operating cash flow growth CAGR 24%

Half-year 2014 Sales CAGR 21% – EBITDA CAGR 19%

Sales¹

H1 2008 H1 2009 H1 2010 H1 2011 H1 2012 H1 2013 H1 2014

H1 2008 H1 2009 H1 2010 H1 2011 H1 2012 H1 2013 H1 2014

EBITDA¹

1) in EUR millions

Allgeier SE Wehrlestrasse 12 81679 Munich Germany

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

Email: info@allgeier.com

Web: www.allgeier.com