Asseco Poland S A : Fact sheet – summary of Q1 2022

Asseco Group

Fact Sheet Q1 2022

The Asseco Group is present everywhere where technology and business impact everyday life. We are a federation

of companies which operate worldwide. It is led by Asseco Poland, which is one of the first startups established in Poland.

Asseco Poland is a leading Polish information technology company listed on the Warsaw Stock Exchange. With a market capitalization reaching ca. PLN 6.5 bn (about EUR 1.4 bn), the Company is included in the WIG20 index. It is also

the largest company listed in the IT industry index, WIG-informatyka.

Asseco Group in Q1 2022

• Stable development of Asseco:
• • increase in revenues by 22% to PLN 4 076 million
  • increase in operating profit by 21% to PLN 390 million
    (increase in non-IFRS operating profit by 20% to PLN 480 million)
  • increase in net profit by 6% to PLN 108 million
    (increase in non-IFRS operating profit by 7% to PLN 124 million)

Presence in 60 countries

30.8 thous. highly committed employees

PLN 6.5 bn* market capitalization

PLN 279 m* dividend payment for 2021

PLN 3.36* dividend per share for 2021

*As of May 24, 2022 ** In accordance with the General Meeting of Shareholders' resulution of May 25, 2022

• Strong business diversification (geographical, sectoral, product)
• • 90% of revenues from foreign markets
  • 44% of revenues - general business sector,
    33% - banking and finance, 23% - public institutions
  • 78% of revenues from sales of proprietary software and services

Operating profit non-IFRS and net profit non-IFRS(m PLN)

			Operating profit non-IFRS		Net profit non-IFRS
			480.1				attributable to shareholders of the parent company
			+20%
		398.6		89.8
										+7%
PPA & SBP	76.0
							123.9
									116.2
												16.0
Operating				390.3		PPA & SBP & M&A	14.0
322.6				Net profit attributable
profit							107.9
					to shareholders	102.2
						of the Parent Company
		Q1 2021			Q1 2022	Q1 2021			Q1 2022

Key financial data published on a non-IFRS basis provide crucial information for assessing the financial position and business development of Asseco Group. They are complementary to data reported in accordance with IFRS standards.

Non-IFRS figures including adjustments for: the cost of amortization of intangible assets recognized under the combination settlement (PPA), the costs of share-based payment transactions with employees (SBP), the costs and financial revenues resulting from the transactions of purchase and sales of companies (M&A) and tax effects associated with them.

asseco.pl [e-mail]

Consolidated financial results non-IFRS

m PLN	Q1 2022	Q1 2021	Change
Sales revenues	4 075.5	3 339.1	22.1%
Proprietary software and services	3 159.5	2 602.8	21.4%
Operating profit non-IFRS	480.1	398.6	20.4%
EBITDA non-IFRS	621.8	512.8	21.3%
PPA & SBP	89.8	76.0	18.2%
Net profit non-IFRS for the shareholders of the parent company	123.9	116.2	6.6%
PPA & SBP & M&A	16.0	14.0	14.3%

EBITDA non-IFRS = operating profit + depreciation and amortization + SBP.

Revenue structure - diversification into sectors and geographic segments

(m PLN)

33%

44%

23%

	Q1 2022	%	Q1 2021			Q1 2022	%	Q1 2021
Banking				11%	Asseco
1 342	17%	1 146	Poland	408	11%	367
and finance
				segment
General				65%	Formula
1 815	34%	1 354	Systems	2 735	27%	2 160
business
					segment
Public	919	10%	838	24%	Asseco
institutions	International	940	15%	819
					segment
Sales revenues	4 076	22%	3 339		Sales revenues*	4 076	22%	3 339

* Data includes cross-sectoral corrections.

Strong order backlog for 2022

(m PLN)

Proprietary software and services

Fixed FX rates*

Floating FX rates**

		10 104
	8 576
		+9%
		2 031
Asseco International	1 858
segment
		+23%
Formula Systems	5 585	6 841
segment
Asseco Poland		+9%
segment	1 133	1 232
	2021	2022

	11 190
8 576
+12%	2 075
1 858
+41%
	7 884
5 585
+9%
1 133	1 232
2021	2022

The value of the order backlog for 2022 as at May 20, 2022; the value of the order backlog for 2021 as at May 18, 2021.

• Translating the 2022 backlog at the FX rates used for the 2021 backlog.
• Translating the 2022 backlog at the FX rates as at May 20, 2022.

IR contact: [e-mail] Joanna Paczkowska-Tatomir [phone]

.pl

Monika Chmielewska [phone]