CEO Björn Ivroth. Oslo, 29 April Q Presentation

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1 CEO Björ Ivroh Oslo, 29 April Prsaio

2 Par I `15 Rpor o Highlighs o Group o Sgms o Fiac Par II Mark oulook Summary Appdix 2015 prsaio 2

3 Highlighs Lyg Bidco AS has acquird 88 % of h shars o No icludig shars acquird hrough h madaory offr, which is xdd o 5 May o Board auhorizd o apply for dlisig from OSE Björ Ivroh appoid as w CEO o I offic from 24 March Rfiacig compld o Chag of corol riggrd rfiacig o NOK 5.5 billio raisd, scurig liquidiy o Flxibl packag i plac wih good hadroom o covas 2015 prsaio 3

4 p r s a i o EVRY 2015 Par I Group figurs

5 Ky group figurs* Icrasd EBITA Rvu NOK 3,256 millio (3,264) o Orgaic growh of 1% EBITA** rachd NOK 152 millio (3) o Margi 4.7% (4.4%) o Rducio i ovrhad coss compard o No-rcurrig ims of NOK 38 millio o Rlaig o h sragic procss Opraioal cash flow** of NOK - millio (47) o Accous payabls dcrasd i Earigs pr shar** NOK 0.34 (0.31) *Dcisio mad o clos EVRY Dmark A/S, hc busiss classifid as discoiud, EBITA ad rvu figurs rsad accordigly **Bfor o-rcurrig ims 2015 prsaio 5

6 Prformac i ky figurs EBITA las four quarrs, rollig NOK millio Adjusd for 2011 psio ffc, w IAS for 20, w IFRS 11 for 20 ad discoiuaio of EVRY Dmark Opraioal cash flow las four quarrs, rollig NOK millio Opraioal cash flow las 4 quarrs. Pro forma figurs i Yarly rvu* NOK millio * Las four quarrs. Adjusd for discoiuaio of EVRY Dmark, pro forma figurs i 2010 Fr cash flow las four quarrs, rollig NOK millio prsaio 6

7 Orgaic growh driv by EVRY Fiacial Srvics EVRY EVRY Fiacial Srvics 10% 5% 0% -5% -10% 3% -1%-6% -6%-2%-2% 6% 3% 2% 2% -3% 1% 15 15% 10% 5% 0% -5% % 2% 0% -2% 4% % 10% 6% 4% 4% 3% 1% 15 EVRY Swd EVRY Norway 15% % 5% 4% 10% 5% 0% -5% -10% 9% -5% -4% -6% -9% 6% 1% 3% 2% 1% 15-2% 0% -5% -10% -3% -9% -5% -7% -4% -5% 1% 1% 15-1% -4% -7% 2015 prsaio 7

8 Mark highlighs Ordr backlog of 16.9 b Coiud parrship wih Läsforsäkrigar i Swd o NOK 200 mill Svral w coracs wih DNB o NOK 150 mill Srog ordr iak from muicipaliis Nw sigigs NOK 2.2 billio o EVRY Fiacial Srvics NOK 0.3 billio o EVRY Swd NOK 0.8 billio o EVRY Norway NOK 1.1 billio Disribuio of ordr backlog NOK millio EVRY Norway EVRY Fiacial Srvics EVRY Swd Ordr backlog NOK billio , prsaio 8

9 EVRY 2015 Sgms

10 Highlighs & Ky figurs EVRY Fiacial Srvics solid orgaic growh Rvu NOK 922 millio ( 885) o Coiud growh i Cards ad cusom soluios EBITA NOK 53 millio (51) o Dcras i prsol coss du o rducio i FTEs o Icras i produc sals causs icras i cos of goods sold o Margis sabl across busiss uis NOK millio Y/Y Rvu %* EBITA % EBITA margi 5.8% 5.7% CAPEX Employs 1,421 1,482 * Orgaic growh Margi dvlopm EVRY Fiacial Srvics Prc Targ corridor CAPEX o Boh cor rwal ad paym projcs wr rampd up i ad ar approachig full spd 6 3 EBITA-margi - movig avrag las 4 quarrs prsaio 10

11 Highlighs & Ky figurs EVRY Swd highr margis Rvu NOK 876 millio (903) o Lowr sals i mobiliy o O workig day lss ad fwr mploys i cosulig EBITA a NOK 56 millio (54 ) o Uilizaio ras cosidrably up o Hourly ras 1% highr ha i o Produc mix somwha chagd i favour of srvics wih br margis o Prsol coss sabl NOK millio Y/Y Rvu %* EBITA % EBITA margi 6.4% 6.0% Capx Uilisaio 74.5% 71.7% Workig days Employs 2,211 2,286 *Orgaic growh Margi dvlopm EVRY Swd Prc Targ corridor 2 EBITA-margi - movig avrag las 4 quarrs prsaio 11

12 Highlighs & Ky figurs EVRY Norway cosulig busiss improvig Rvu NOK 1,539 millio (1,623) o Rducd rvu from Norway Pos, as aoucd Mixd picur i EBITA prformac, NOK 75 millio (82) o Profiabiliy i cosulig improvig, wih boh uilizaio ras ad hourly ras up o EBITA affcd by rducio i rvu from Norway Pos Capx dow o NOK 47 millio (75) o Lss Fuur Proof ivsms NOK millio Y/Y Rvu 1,539 1,623-4%* EBITA % EBITA margi 4.9% 5.1% CAPEX Uilisaio ras 70.9% 67.6% Workig days Employs Norway Global Sourcig *Orgaic growh 3,280 3,224 3,478 2,903 Margi dvlopm EVRY Norway Prc Targ corridor EBITA-margi - movig avrag las 4 quarrs, adjusd for discoiuaio of EVRY Dmark A/S 2015 prsaio

13 p r s a i o EVRY 2015 Fiac

14 Ky fiacials Workig capial Prc of rvu Avrag las 4 quarrs Workig capial sill o low lvls o Prpaid coss rlad o rfiacig icrasd workig capial i CAPEX Sofwar dvlopd i-hous Ordiary capx Prcag o Icrasd lvl of ivsms i Cor ad paym projcs i EVRY Fiacial Srvics 2015 prsaio Targ 4% CAPEX NOK millio Prc of rvu 6 5 Targ 4 corridor

15 Rfiacig Nw log-rm fiacig scurd Chag of owrship calld for rfiacig Log rm faciliis of NOK 5.5 billio scurd o Sydicaio ow compld o Mauriis of 6 o 7 yars o Iiial margis of 4-5%, wih poial for rducios dpdig o prformac rlaig o covas o Limid isallms o Two covas, lvrag raio ( irs barig db o moh EBITDA) ad irs covrag ( irs coss o moh EBITDA) o Good hadroom o covas ad flxibl loa agrm 2015 prsaio 15

16 p r s a i o EVRY 2015 Oulook

17 Mark oulook Swd Posiiv adjusms o GDP oulook o h basis of srogr growh prospcs driv by public spdig ad improvd codiios for xpor orid busisss IT srvics mark growh projcd o improv compard o 20 Mark oulook Norway Cauious gral mark oulook i Norway du o sigifica rducio of aciviis i h oil scor o IT srvics mark affcd, bu ovrall growh xpcd o som x o b offs by coiud high aciviy lvl of public scor Baks ad fiacial isiuios xpcd o icras IT spdig, ivsig i chals ad mobiliy 2015 prsaio 17

18 Summary `15 Lyg Bidco AS has acquird 88 % of h shars o No icludig shars acquird hrough h madaory offr, which ds 5 May o Board auhorizd o apply for dlisig from OSE Björ Ivroh appoid as w CEO o I offic from March 24 Rfiacig compld o Chag of corol riggrd rfiacig o NOK 5.5 billio raisd, scurig liquidiy o Flxibl packag i plac wih good hadroom o covas Rvu NOK 3,256 millio (3,264) o Orgaic icras of 1% EBITA* rachd NOK 152 millio (3) o Margi 4.7% (4.4%) *Bfor o-rcurrig ims 2015 prsaio 18

19 p r s a i o

20 p r s a i o EVRY 2015 Appdix

21 Ky cosolidad figurs for h Group* (NOK millio) Chag (%) 20 Opraig rvu 3,256 3,264 1 % 1),773 EBITDA % 1,290 EBITA bfor o-rcurrig ims % 8 EBITA % bfor o-rcurrig ims 4.7 % 4.4 % 6.4 % EBIT bfor o-rcurrig ims No-rcurrig ims ,435 EBIT N fiacial ims EBT EPS (NOK) 2) Employs 10,348 10,318 10,350 * Adjusd for discoiuaio of EVRY Dmark A/S 1) Orgaic growh 2) Bfor o-rcurrig ims 2015 prsaio 21

22 p r s a i o

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