Columbus — Interim / Quarterly Report 2016

Aug 25, 2016

In first half 2016 revenue increased by 8% and EBITDA* increased by 70%. A
solid growth in the services business and acquisitions are driving the revenue
and the EBITDA increase.

Release no. 23, 2016

Columbus has today published the Interim Report for first half of 2016, cf.
release no. 22/2016

Services business and acquisitions are driving growth

In the first half of 2016, revenue amounted to DKK 595m (2015: DKK 548m), an
increase of 8%. EBITDA* amounted to DKK 66.8m (2015: DKK 39.4m), corresponding
to an increase of 70%.

The revenue growth was primarily driven by a solid growth in the services
business and acquisitions made in 2015 and 2016. In the first half of 2016, the
services revenue increased by 10%. The progress mainly came from Columbus’ US
business.

The increase in EBITDA was partly driven by the effect of the acquisitions, and
partly by a significant growth in profitability in the services business.

The improved profitability was primarily due to cost reductions in Norway and
secondarily due to improvement in chargeable hours in both Norway and the US.
The development in Norway and the US is in line with expectations.

Improved profitability in the services business

In the first half of 2016, the service EBITDA increased from DKK 11.5m to DKK
35.8m, corresponding to an increase of DKK 24.3m. The main reason for this
improvement was an increase in chargeable hours from 56% to 60%. The increase
came from the US and Norway and from acquisitions.

Stable growth in sale of Columbus Software

In the first hafl of 2016, Columbus Software increased by 9% despite a decline
in Columbus license sale. The decline in license sale is due to a very strong
sale in H1 2015. The strong sale of new license in 2015 has caused the growth
of 28% in subscription in H1 2016.

Growth in recurring revenue

In first half of 2016, recurring revenue increased by 13%, primarily affected
by acquisitions. The proportion of the total revenue was 25%. The development
is in line with expectations.

DKK ´000 H1 2016 H1 2015 2015

Columbus Software licenses 22,554 23,913 52,251
Columbus Software subsbriptions 23,271 18,130 44,530
Exernal licenses 47,662 49,438 107,525
Eksternal subscriptions 99,776 92,495 184,524
Services 390,778 354,712 715,545
Other 10,496 9,757 19,068

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Total net revenue 594,537 548,445 1,123,443

EBITDA before share-based payment 66,754 39,353 105,225
Share-based payment -1,091 -629 -1,362

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EBITDA 65,663 38,724 103,863

”I am satisfied with the growth in first half, where we follow our new
Columbus2020 strategy plan. We deliver overall growth, and especially our
services business shows good progress”, says CEO & President in Columbus Thomas
Honoré

Columbus maintains expectations to 2016

Columbus maintains the previously announced expectations for 2016:

-- Revenue in the level of DKK 1.2bn
-- EBITDA* in the level of DKK 124m
-- Columbus Software revenue of DKK 105m
-- Service EBITDA of DKK 84m
-- 10% dividend on nominal share capital

Latest developments

No events or transactions with a material effect on the company’s financial
position have occurred since the balance sheet date.

• EBITDA before share-based payment

Ib Kunøe Thomas Honoré
Chairman of the Board CEO & President
Columbus A/S Columbus A/S
For further information, please contact:
CEO & President, Thomas Honoré .: +45 70 20 50 00
Translation
In the event of any inconsistency between this document and the Danish language
version, the Danish language version shall be the governing version.
Columbus’ Columbus2020 strategy – towards growth
Based on Columbus’ strengthened position, as a result of successful execution of
the Columbus15 strategy, the company launched a growth strategy in March. The
strategy is named Columbus2020 and consists of four interconnected strategic
elements.

Customer Success – Taking care of our customers for life
Columbus’ fundamental goal their ERP-investments and satisfaction from the
is to take care of our by leading them in the customer meet Columbus
customers for life. digital transformation of for the first time to
Columbus aims to be their business delivering unique
widely recognized as a This means that Columbus solutions, high quality
strategic business will intensify the focus services and
partner that enhances our on creating a unique streamlined project
customer’s success by customer experience and delivery and support
improving the value increase customer 24/7.
realization of

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Digital Leadership – Accelerate business innovation
Columbus helps our methodologies and business business in order to
customers in the digital processes that optimizes succeed in the digital
transformation of their and improves the economy. Columbus will
business. With Digital implementation of develop solutions and
Leadership Columbus has ERP-solutions. Secondly, services within cloud,
two focus areas. Firstly, Columbus will establish a mobile, social,
Columbus will continue to leadership position analytics and Internet
strengthen our leadership within Digital of Things that help
position within ERP by Transformation. Many companies take
investing in new companies are about to or advantage of the
companies, applications, in the process of digital opportunities.
transforming their

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Process Excellence – Quality in everything we do
In Columbus, we constantly quality to our customers. over sales and design of
strive to optimize and Our goal is to create the the business solution
streamline our business best customer experience to the implementation
operations in order to in the industry. The process and lifetime
achieve strong sales focal point is quality in support. This means an
excellence and deliver everything we do – from intense focus on
projects, services and the initial contact with optimizing and
support of high customers, streamlining our
processes globally.

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Our People – Attract, develop and retain the best people
Columbus’ greatest asset providing challenging meeting the customers’
is our employees and career opportunities, expectations sets the
therefore it is crucial attractive working direction in everything
that we attract and conditions and we do.
retain the best people in professional and personal This means that Columbus
the industry. We want to growth. Columbus want to always strives to
attract highly skilled create a customer deliver projects on
people by culture, where time, within budget and
at the highest quality.