NOK 2, % + 11% +12% % EDB

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2 Q4 HIGHLIGHTS GROUP All time high revenue NOK 2,145 million; +27% y/y Application Services; + 11% y/y organic growth Continued EBITA-growth; +12% y/y Strong cash-flow; NOK 606 million +16% y/y Extraordinary items; NOK - 44 million New signings; NOK 850 million EDB Business Partner slide 2

3 KEY FIGURES Q GROUP (NOK million) Q Q Y/Y Operating revenue % Operating costs % EBITA before non-recurring items % EBITA % 9,0 % 10,2 % EBIT before non-recurring items % Non-recurring items EBIT Profit before tax Cash flow from operations before restructuring Operational investment (CAPEX) EPS before non-recurring items (NOK) 0,63 0,85 EPS (NOK) 0,29 0,85 No. of employees EDB Business Partner slide 3

4 OPERATING REVENUE GROUP NOK mill EDB Business Partner slide 4

5 CASH FLOW FROM OPERATIONS GROUP NOK mill Before non-recurring items EDB Business Partner slide 5

6 MANAGING CASH FLOW - NET DEBT REDUCTION 800 Cash flow CAPEX Net debt Q4 07 Q Q4 07 Q4 08 Capex adjusted for IS Partner; -12% y/y Net debt reduced NOK 368 million despite currency effects EDB Business Partner slide 6

7 STRENGTHENED VISIBILITY 2009 Total order backlog NOK 12,0 bn IT Operations(*) NOK 9,3 bn Solutions & services NOK 2,7 bn Entering 2009 with strong visibility Backlog NOK 5,3 bn Increased vs 3Q (+16%) A-kassor (*) Including IS Partner EDB Business Partner slide 7

8 BUSINESS UNITS Highlights and Key Figures 4Q08 EDB Business Partner slide 8

9 Q4 HIGHLIGHTS IT OPERATIONS Sustained profitability and reduced Capex Cost-reduction improves margin in Sweden Delivery to City of Oslo cancelled Divestment of low performing units initiated (NOK million) Q Q Y/Y Revenue % EBITA % EBITA % CAPEX % Employees 1,708 1,792 EDB Business Partner slide 9

10 Q4 HIGHLIGHTS APPLICATION SERVICES Strong organic growth; + 11% y/y High billable utilization; 81.0% SAP/HR solution to SAS; NOK 30 million Deliver next generation webshop; NOK 10 million (NOK million) Q Q Y/Y Revenue % EBITA % EBITA % CAPEX 3 1 Employees 1,195 1,141 EDB Business Partner slide 10

11 Q4 HIGHLIGHTS SOLUTIONS Continued strong profitable growth Developing multi channel solution to Swedbank New solutions to SpareBank 1; NOK 100 million Public solutions on SAP; 35 customers signed (NOK million) Q Q Y/Y Revenue % EBITA % EBITA % CAPEX 3 3 Employees EDB Business Partner slide 11

12 Q4 HIGHLIGHTS GLOBAL SOURCING Strong profitable growth High billable utilization; 75.1% Consolidation of Ukraine operations completed Net effect for EDB 2008 = 100 FTE (NOK million) Q Q Y/Y Revenue % EBITA* % EBITA % CAPEX 2 - Employees 1,539 1,152 * EBITA Stand-alone not reflecting Nordic offshore cost NOK 16.5 million in Q EDB Business Partner slide 12

13 Q4 HIGHLIGHTS IS PARTNER Revenue and EBITA above expectations New agreement with Yara; NOK 100 million High volumes from StatoilHydro merger Hydro IT infrastructure successfully renewed (NOK million) Q Q Y/Y Revenue % EBITA % EBITA % CAPEX 9 9 Employees EDB Business Partner slide 13

14 YEAR END 2008 Highlights and key figures EDB Business Partner slide 14

15 2008: REVENUE AND EBITA GROWTH DEBT REDUCTION Revenue +24% EBITA +19% Total debt -11% EPS 2,60* (2,99*) International sales 30% FTE`s from Global sourcing 25% *Before non recurring items EDB Business Partner slide 15

16 2008: REVENUE AND COST BREAKDOWN Revenue breakdown Total expenses by category 16 % 69 % 21 % 31 % 15 % 3 % Contracted revenue Semi-contracted revenue Variable revenue 45 % Cost of goods sold Personell cost Net interest Other cost Diversified revenue streams Good visibility Focus on protecting margin Flexible cost-structure EDB Business Partner slide 16

17 FUTURE PROSPECTS Nordic leadership through innovation and global sourcing EDB Business Partner slide 17

18 IT-SERVICES NORDIC; NOK 132 BN IN 2008 IT Services `08; +3% - 4% EDB growth + 27% Forecast `09; -2% - 0% IT as enabler Outsourcing gives flexibility Solving regulatory issues Reduce corporate expenses IT-services by country Source: Gartner, IDC, EDB 0 Norway Sweden Finland Denmark EDB Business Partner slide 18

19 VISIBILITY 2009 BY BUSINESS AREA IT Operations IS Partner High High Strong order backlog Potential for add-on sales Strong order backlog Potential for add-on sales Solutions Medium B&F: cost-driven projects Public: growth potential Application Services Global Sourcing Low Low Contracts 3-6 months Public sector 30% of revenue Contracts 3-6 months Demand for low-cost services EDB Business Partner slide 19

20 PRIORITIES FOR PROFITABILITY IN 2009 REVENUE INITIATIVES Large cross sale potential; CRM-focus at group level Improve deliveries to targeted customers Further gain marketshare in still growing public sector Global Sourcing utilization cost reduction Nordics Reduction of hired consultants continues Next step in hardware consolidation COST INITIATIVES EDB Business Partner slide 20

21 SUMMARY Nordic leadership through innovation and global sourcing EDB Business Partner slide 21

22 4Q AND 2008 SUMMARY Continued strong profitable growth Improved cash-flow Stable revenue base and ability to gain share Manage cost base carefully Diversified and flexible portfolio EDB Business Partner slide 22

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