CEO Björ Ivroh Oslo, 29 April 2015 2015 Prsaio
Par I `15 Rpor o Highlighs o Group o Sgms o Fiac Par II Mark oulook Summary Appdix 2015 prsaio 2
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
1 2 0 1 5 p r s a i o EVRY 2015 Par I Group figurs
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
Prformac i ky figurs EBITA las four quarrs, rollig NOK millio 900 800 700 600 500 400 556 480 300 11 11 11 15 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 1150 950 750 550 350 150 250 671 700 710 727745764764765 788 8 823 684 694696 597 807 Opraioal cash flow las 4 quarrs. Pro forma figurs i 2010 1.099 1.048 988 11 11 11 15 Yarly rvu* NOK millio 377 626 574 773 600 765 500 11500 * Las four quarrs. Adjusd for discoiuaio of EVRY Dmark, pro forma figurs i 2010 Fr cash flow las four quarrs, rollig 600 500 400 300 200 100 0-100 -200 NOK millio 160 97 207 405 559 515 11 11 11 15 2015 prsaio 6
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
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 6000 4000 2000 0 2015 2016 2017 2018 EVRY Norway EVRY Fiacial Srvics EVRY Swd Ordr backlog NOK billio 20 18 16 10 17.1 16.816.115.515.315.0 15.315.315.1.2 16.616.5 18.4 17.3 18.0 16,9 11 11 11 15 2015 prsaio 8
EVRY 2015 Sgms
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 2015 20 Y/Y Rvu 922 885 4%* EBITA 53 51 4% EBITA margi 5.8% 5.7% CAPEX 33 27 Employs 1,421 1,482 * Orgaic growh Margi dvlopm EVRY Fiacial Srvics Prc 9 8.5 8.9 9.2 9.4 9.4 9.3 9.1 9.2 8.9 9.4 9.8 10.110.1 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 15 2015 prsaio 10
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 2015 20 Y/Y Rvu 876 903-2%* EBITA 56 54 4% EBITA margi 6.4% 6.0% Capx 18 11 Uilisaio 74.5% 71.7% Workig days 61 62 Employs 2,211 2,286 *Orgaic growh Margi dvlopm EVRY Swd Prc 10 8 7.0 7.1 7.1 6.8 6.6 6.5 6.4 6.5 6.4 6.6 7.3 7.5 6 4 Targ corridor 2 EBITA-margi - movig avrag las 4 quarrs 15 2015 prsaio 11
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 2015 20 Y/Y Rvu 1,539 1,623-4%* EBITA 75 82-9% EBITA margi 4.9% 5.1% CAPEX 47 75 Uilisaio ras 70.9% 67.6% Workig days 63 63 Employs Norway Global Sourcig *Orgaic growh 3,280 3,224 3,478 2,903 Margi dvlopm EVRY Norway Prc 9 8 7 6 5 4 3 2 6.1 5.9 5.5 5.6 5.6 5.7 5.8 5.8 5.9 5.6 5.5 5.3 5.2 15 Targ corridor EBITA-margi - movig avrag las 4 quarrs, adjusd for discoiuaio of EVRY Dmark A/S 2015 prsaio
2 0 1 5 p r s a i o EVRY 2015 Fiac
Ky fiacials Workig capial Prc of rvu 8 7 6 5 4 3 2 1 0 5.7 11 Avrag las 4 quarrs Workig capial sill o low lvls o Prpaid coss rlad o rfiacig icrasd workig capial i CAPEX 600 400 200 0 2009 2010 2011 20 20 20 2015 Sofwar dvlopd i-hous Ordiary capx Prcag o Icrasd lvl of ivsms i Cor ad paym projcs i EVRY Fiacial Srvics 2015 prsaio 6.5 6.7 6.8 6.3 6.0 11 5.5 5.1 4.9 4.5 4.3 3.8 3.3 2.9 3.1 15 Targ 4% CAPEX NOK millio Prc of rvu 6 5 Targ 4 corridor 3 2 1 0
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 2 0 1 5 p r s a i o EVRY 2015 Oulook
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
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 2 0 1 5 p r s a i o
10 2 0 1 5 p r s a i o EVRY 2015 Appdix
Ky cosolidad figurs for h Group* (NOK millio) 2015 20 Chag (%) 20 Opraig rvu 3,256 3,264 1 % 1),773 EBITDA 268 257 4 % 1,290 EBITA bfor o-rcurrig ims 152 3 6 % 8 EBITA % bfor o-rcurrig ims 4.7 % 4.4 % 6.4 % EBIT bfor o-rcurrig ims 7 4 780 No-rcurrig ims 38 40 1,435 EBIT 109 94-655 N fiacial ims -20-24 -87 EBT 89 70-742 EPS (NOK) 2) 0.34 0.31 1.85 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
2 0 1 5 p r s a i o