Wiit — Investor Presentation 2021

Oct 19, 2021

R42 acquisition in Germany to boost the Cloud4Europe Project

Corporate Presentation

October 19th 2021

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Acquisition Price (the provisional total price, will be adjusted based on R42 financials at the closing day at the end of October) ~77.7 M€

~70.8 M€ Enterprise Value

Acquisition Highlights R42 7.9x Multiple paid

Finance sources

Bond ~67.7 M€ 10 M€

Treasury shares

Milestone on WIIT's path for FUTURE GROWTH

3

Italian market consolidation

synergies

Continue cloud market consolidation in Italy achieving upselling of WIIT services in a new customer set and industrial

Service portfolio extension on Top Tech trends Services expansion to IoT, AI, CX

Expansion in Europe Priority on France & Germany for market potential and country cloud-readiness for critical apps

4

Expansion and consolidation in Germany the first priority to support Cloud4Europe project

1 2

Leadership in Italy on Business Critical Apps Continue organic growth on SAP and other business critical apps

M&A Journey

A new excellent fit for WIIT's M&A STRATEGY

1. Acquisitions in Italy to increase WIIT's market share and gain synergies (example: data centres)	1. Strategic acquisitions to enter more effectively in foreign markets leveraging on: • a local established brand a native salesforce with relationships with local clients, • knowledge of local market and datacenter in the country 2. Cost savings mainly achievable thanks to the centralization of operations in Italy. Two examples:
	Profile Synergies Integration risks I. Cloud players with a business model cost synergies lower (same comparable to WIIT and multiannual business model) contracts schemes
	II. IT players which can be considered part cost synergies + medium of the current WIIT Value Chain (for revenue synergies instance Datacenter, Cloud IaaS), have (up-selling) a client base suitable to an up-selling strategy and possibly multiannual contracts
Italy	Europe (DE, FR)

1. Release42 is a highly strategic acquisition for WIIT for an additional boost of the Cloud4Europe project

• ü Strategic expansion in the Hybrid Cloud for mission critical application in Germany
• ü Strong benefit in accessing a highly skilled area for Cloud related competences
• ü Strong DevOps competence center to support digital transformation in mission critical and cloud-based vertical applications
• ü Owned data centres for further expansion of Business Continuity services across Germany
• ü A German wide customer base in eCommerce and Media tech market
• ü Strong cash flow generation and remarkable EBIT margin higher than the WIIT Group average

2. Low integration risk profile with tangible revenue and cost synergies through SAP cloud services up-selling potential

External Growth	Profile	Synergies	Integration risks
	Similar cloud player with multiannual contracts	Tangible synergies opportunities	Low

R42 Hybrid Cloud at a glance

(1) Calculated as Net OpFCF/EBITDA (net is calculated subtracting Capex & Leasings). (2) Year-on-year growth of 2019 total revenues vs 2018 total revenues (3) Calculated as Gross OpFCF – Capex&Leasings

• R42 controls Boreus GmbH based in Stralsund and Gecko mbH in Rostock.
• Boreus provides multi Hybrid Cloud for mission critical apps in ecommerce and mediatech sectors
• Gecko focused on DevOps for mission critical digital platforms
• German-wide client base
• >140 employees with rare and necessary skills in the DevOps world

Identified synergies

Identified cost Synergies

• Data center consolidation on myLoc campus
• Lay offs
• Software licenses
• Connectivity

Other Synergies

• DevOps skills
• Managed Services competence center
• E-commerce platforms
• Kubernetes and AWS skills
• High stickiness of employees

2M (per year)

NEW SKILLS

(Group level)

Transaction is expected to positively contribute to WIIT's financials and provide significant boost on EBIT and EBIT Margin in particular

ir@wiit.cloud wiit.cloud