#1Reinventing the world for good Investor presentation tietoevry#2Tietoevry in brief tietoevry#3Diversified business with strong Nordic market presence Finland 23% Other 9% Norway 35% Connect 25% Transform 15% €2 823m €2 823m Sweden 33% Create 24% Markets • • Nordic enterprises and public sector with >80% of revenues Global software and product development services Services Software Consulting Infrastructure Care 8% • Industry 11 % Banking 17% Other 14 % Ukraine 9% Sweden 18 % India 19% Czech 10% 24 389 Finland 13% Norway 17% tietoevry Employees • Among largest Nordic technology employer-12 000 ~24 000 employees serving customers in ~80 countries 2021 Revenue: €2 823m Adj. EBITA: 13.0% Leading technology company with a strong Nordic presence and global capabilities#4Continuous improvement in key financial indicators 1.5 b€ Revenue 2.8 b€ Dividend/share 0.20€** 0.22€** 1.20€ 1.25€ 2017 2018 2019 2020 2021 2017 161 m€ Adjusted EBITA 368 m€ 2017 2018 2019 2020 2021 151 m€ 2018 0.635€ 1.32€ 1.40€ 2019 2020 2021 Net cash flow from operations 368 m€ 2017 2018 2019 2020 2021 ** *Adjusted for restructuring costs, capital gains/losses, goodwill impairment charges and other items affecting comparability Additional dividend .#5Financial targets - new strategy support potential for enhanced performance Accelerating growth to 5% by EBITA adjusted 15% by 2023 One-time items ~1% of 2023 Financial targets as revenues by 2022 Increased dividends annually announced at CMD Improved growth profile Solid foundation for and profit Continued strong cash flow generation improved shareholder returns tietoevry Reduced leverage level enabling investment flexibility Continued dividend attractiveness Net debt/ EBITDA <2 by end of 2022 ACHIEVED Reduced discount to SoTP valuation#6Strong client base across all sectors telenor geldmaat SERVICE GROSSISTENE storaenso Metsä posten O Digdir LOCALTAPIOLA FJELLINJEN Lyse DNB aibel SJÖFARTSVERKET stad Suomi.fi Stockholms ୫ posti K Nordea BAP HOP DAP DAY SA YYYY A VÄSTERÅS STAD zwipe الا REGION aimo park SKANE Rethink Parking. VOLVOFINANS BANK Region Stockholm eika. tietoevry 6#7PLANET tietoevry PEOPLE Highlights on ambitions relating to sustainable operations Lot Gender balanced Workforce by 2030 Human rights Risk and impact assessment in the value chain Fair and green supply chain Zero Breaches of privacy 100% Circularity Reuse and recycling of hardware-own and customer 100% Use of green electricity in datacenters and offices 80% Reduction of CO2 emissions in scope 1 and 2 in 2020-2023 Avoided emissions Increase customer avoided CO2 with 10- 15% annually Carbon neutral In own operations by 2025 7#8Strategy driving growth and expansion through specialization tietoevry#9Technology industry reshaping with cloud as the foundation tietoevry -10% TRADITIONAL Managed traditional infra 20 % 15 % PROFITABILITY MODERNIZE Data & Analytics Enterprise software Integrated (apps + Infra) CLOUD NATIVE SaaS Cloud Consulting & Development Cloud capacity 10 & Managed % traditional apps automated managed services Cloud migration Services 5% System Integration Cloud managed Services -5% 0 5% 10% 15% 20% 25% Distinct competitive drivers as world evolves towards cloud native GROWTH 9#10Strategy implementation on track and end-to-end businesses live Tietoevry Connect Strategic choices Clear business choices to capture market growth and expansion opportunity 1. 2. 3. Focus investments to expand cloud native End-to-end businesses with full accountability and broader options to scale Solid implementation • • Live with end-to-end businesses Updated brand & Identity Strong market focus and wins High employee engagement Tietoevry Transform Tietoevry Create Tietoevry Care 4. tietoevry capabilities and scalable software businesses Drive partnerships to scale in managed application and infrastructure services Tietoevry Industry Tietoevry Banking#11Attractive business mix to drive financial performance Tietoevry Create Tietoevry Banking Tietoevry Care Tietoevry Industry CURRENT REVENUE MIX GROWTH LONG TERM POTENTIAL EBITA adj. DRIVERS High Around group average • . Leading capabilities addressing global market demand Expand markets and scale incl. M&A . Medium Above group average High Above group average • Medium Above group average • Competitive software and as-a-service offering Investments into Banking-as-a-service for growth and expansion incl. M&A Competitive software with market expansion potential Investments for growth incl. M&A Fit for purpose software and solutions Competitive software, customer knowledge and installed base Customer base and knowledge built over the years Tietoevry Transform Lower Below group average • • Invest to managed services automation Tietoevry Connect Lower Below group average • Automated operations Partnerships to drive scale against price erosion tietoevry Indicative growth profile: High: >8% Medium: 3-8% Lower: <3% Business profiles with restated numbers to be available prior to Q1'22 report 11#12Investment priorities geared towards sustainable high growth businesses Invest to expand Partner to scale . Invest to accelerate products, services • and capabilities Invest in capabilities to drive scale and automated managed services • Prioritized M&A Create Banking 調 Care Seek partners (operational and structural) to jointly invest and scale 4 Transform Connect Focus for value Optimize investments for selected businesses • Develop portfolio to increase focus Industry Active portfolio development to drive focus and scale in all businesses 12#13Why invest in Tietoevry? tietoevry 13#14Capital allocation priorities to support growth ambitions and create shareholder value Investing into the businesses USE OF FREE CASH FLOW Investing in growth areas to support the 5% growth target of 2023 1. Dividend 2. Deleveraging " M&A 3. Distribution of excess capital Increased dividends annually* Net debt/EBITDA <2 by 2022 M&A supporting growth Extraordinary dividend tietoevry *baseline 2019 original dividend proposal of 1.27 €/share 14#15Tietoevry offers an attractive investment opportunity Maximizing total shareholder return Dividend • Increased dividends annually Share price • Improved growth profile - 5% • Improved profitability - 15% Adj. EBITA • Improved free cash flow Realizing the full value potential from software businesses#16tietoevry#17Appendix tietoevry 17#18Q1'22 financials tietoevry 18#19Tietoevry Q1'22 Business highlights Revenue EUR 730.9 million, organic growth* 5% Reported growth 2.7%, currency and divestment impact net EUR 12 million Adjusted EBITA** EUR 84.6 (82.1) million, 11.6% (11.5%) Organic growth* 5% Adj. EBITA** 11.6% (up 0.1%) Strong growth in Tietoevry Create and Tietoevry Banking - decline in Tietoevry Connect 712 722 742 731 648 Healthy profitability in line with the prior year Operating cash flow EUR 62 (95) million Strong order backlog, up by 8% f. tietoercy 11.5% 12.2% 14.5% 13.9% 11.6% Q1/21 Q2/21 Q3/21 Q4/21 Q1/22 Adj. EBITA % Revenue Adjusted for currency effects, acquisitions and divestments * Adjustment items include restructuring costs, capital gains/losses, impairment charges and other items affecting comparability 19#20Tietoevry Create Digital consulting, analytics and software engineering services Business highlights Revenue EUR 218.1 million, organic growth* 15% Adjusted EBITA** EUR 31.3 (26.9) million, 14.3% (14.3%) High market activity in cloud native, data and software engineering services Strong growth in Norway and International - new Nanjing R&D centre contributing to growth Organic growth* 15% Adj. EBITA** 14.3% (change 0.0%) Limited financial impact from the war in Ukraine in Q1'22, with focus on employee safety and continuity of customer deliveries 207 218 188 188 172 Profitability remained solid at Q1'21 level 14.3% 12.2% 12.7% 13.4% 14.3% In Q2'22, adjusted operating margin anticipated to be above Q2'21 level Q1/21 Q2/21 Q3/21 Q4/21 Q1/22 Adj. EBITA % Revenue f. tietoercy Adjusted for currency effects, acquisitions and divestments * Adjustment items include restructuring costs, capital gains/losses, impairment charges and other items affecting comparability 20#21Tietoevry Banking Software for financial institutions Business highlights Revenue EUR 125.0 million, organic growth* 8% Adjusted EBITA** EUR 12.3 (11.6) million, 9.9% (10.2%) Healthy growth driven by Cards, Financial Crime Prevention and Credit Healthy demand for BaaS continues while earlier announced decision by a large customer to exit the Finnish market had a negative impact of 3% on Tietoevry Banking growth in Q1'22 Measures to drive competitiveness and efficiency initiated in Q1'22, focused on SG&A rationalization Organic growth* 8% Adj. EBITA** 9.9% (down 0.3%) 130 125 120 114 112 10.2% 12.0% 14.9% 13.6% 9.9% In Q2'22, adjusted operating margin anticipated to be below Q2'21 level Q1/21 Q2/21 Q3/21 Q4/21 Q1/22 Adj. EBITA % Revenue f. tietoercy Adjusted for currency effects, acquisitions and divestments * Adjustment items include restructuring costs, capital gains/losses, impairment charges and other items affecting comparability 21#22Tietoevry Care Software for health and care services Business highlights Revenue EUR 56.6 million, organic growth* 5% Adjusted EBITA** EUR 16.6 (13.7) million, 29.3% (25.2%) Continued growth in healthcare and welfare software, up by 10% Healthy profitability – increased investments for the year focusing on software modernization and reinforced go-to- market In Q2'22, adjusted operating margin anticipated to be below Q2'21 level f. tietoercy 54 62 62 Organic growth* 5% Adj. EBITA** 29.3% (up 4.1%) 49 57 57 57 25.2% 31.7% 35.5% 33.4% 29.3% Q1/21 Q2/21 Q3/21 Q4/21 Q1/22 Adj. EBITA % Revenue Adjusted for currency effects, acquisitions and divestments * Adjustment items include restructuring costs, capital gains/losses, impairment charges and other items affecting comparability 22#23Tietoevry Industry Industry-specific software and data platforms Business highlights Revenue EUR 71.0 million, organic growth* 3% Adjusted EBITA** EUR 11.2 (12.8) million, 15.7% (15.5%) Growth driven by Data Platform Services and Pulp & Paper software business Profitability remained solid at Q1'21 level Organic growth* 3% Adj. EBITA** 15.7% (up 0.2%) 83 78 In Q2'22, adjusted operating margin anticipated to be at Q2'21 level 67 f. tietoercy 15 75 71 15.5% 14.1% 20.3% 17.7% 15.7% Q1/21 Q2/21 Q3/21 Q4/21 Q1/22 Adj. EBITA % Revenue Adjusted for currency effects, acquisitions and divestments * Adjustment items include restructuring costs, capital gains/losses, impairment charges and other items affecting comparability 23#24Tietoevry Transform Enterprise IT services for select customers Business highlights Revenue EUR 121.2 million, at Q1'21 level Adjusted EBITA** EUR 10.3 (13.1) million, 8.5% (10.8%) Healthy growth in Industry & Forest segment Organic growth* 0% Adj. EBITA** 8.5% (down 2.3%) Decline in Retail & Financial Services and Telecom & Consumer segments, impacted by annual price discounts, taking effect in Q1'22 121 119 122 121 105 Profitability impacted by the combination of flat growth and high inflation 10.8% 10.0% 8.8% 7.9% 8.5% Strong book-to-bill and order backlog +7% Q1/21 Q2/21 Q3/21 Q4/21 Q1/22 In Q2'22, adjusted operating margin anticipated to be below Q2'21 level Adj. EBITA % Revenue f. tietoevry Adjusted for currency effects, acquisitions and divestments * Adjustment items include restructuring costs, capital gains/losses, impairment charges and other items affecting comparability 24#25Tietoevry Connect Infrastructure capacity and services Business highlights Revenue EUR 224.2 million, organic growth* -1% Adjusted EBITA** EUR 9.2 (10.1) million, 4.1% (4.5%) Cloud platforms and security services revenue growth 16% Traditional infrastructure services revenue declined by 8% Organic growth* -1% Adj. EBITA** 4.1% (down 0.4%) Profitability impacted by lower volumes and annual price discounts, taking effect in January 227 231 233 216 224 Efficiency measures announced in February on schedule - anticipated to contribute to H2'22 performance 4.5% 6.7% 8.6% 9.5% 4.1% Q1/21 In Q2'22, adjusted operating margin anticipated to be below Q2'21 level Q2/21 Adj. EBITA % Q3/21 Q4/21 Q1/22 Revenue f. tietoevry 25#26Reporting segments as from 1 Jan 2022 tietoevry 26#27Tietoevry Create Business description Accelerates customers' digital agenda with global design, cloud, data and software engineering capabilities. Growth drivers • Market growth driven by cloud and data • Leading capabilities addressing global market demand . Expand customer base and markets incl. M&A Business structure International Finland Sweden Norway Key metrics Revenue, MEUR EBITA adj.*, MEUR Revenue 2021, MEUR 188 188 207 172 Q1 Q2 Q3 Q4 EBITA adj.* 2021, MEUR 14.3% 13.4% 12.2% 12.7% FY 2021 26,9 27,9 23,1 756 21,8 99.6 EBITA adj.*% 13.2% Personnel (FTES, Q4) 8 653 Q1 Q2 Q3 tietoevry Financial information included in this presentation is unaudited *Adjusted for restructuring costs, capital gains/losses, impairment charges Q4 27 and other items affecting comparability#28Tietoevry Banking Business description Scalable Banking-as-a-Service and leading software products to drive digital transformation and efficiency for financial institutions. Geographic footprint: Growth drivers: Nordics -80% International -20% Competitive software as-a-service offerings Continued investments for software and platform scale, incl. M&A Revenue composition Revenue 2021, MEUR 120 114 130 112 Card utility BaaS Payments Wealth Fin. crime prev. Credit Key metrics Revenue, MEUR Software business revenue streams License & Q1 Q2 Q3 Q4 maintenance EBITA adj.* 2021, MEUR as-a-Service 14.9% Professional services Other services 13.6% 12.0% 10.2% 16,6 17,7 14,4 FY 2021 11,6 476 EBITA adj.*, MEUR 60.3 EBITA adj.*% 12.7% 60 Q1 Q2 Q3 Q4 Personnel (FTES, Q4) 3495 tietoevry Financial information included in this presentation is unaudited *Adjusted for restructuring costs, capital gains/losses, impairment charges 28 and other items affecting comparability#29Tietoevry Care Business description Modular and interoperable software re-inventing Nordic health and social care for enhanced care personnel and citizen experience. Revenue 2021, MEUR Geographic footprint: Nordics 100% International 0% Growth drivers: 62 54 49 57 40 • Digitalization in Healthcare and citizen services Leading software, SaaS and analytics . Investments for growth and portfolio expansion, incl. M&A Revenue composition Software business revenue streams Q1 Q2 Q3 Q4 Healthcare Welfare Custom sol. and lab softw. License & maintenance EBITA adj.* 2021, MEUR as-a-Service Professional 35.5% services 33.4% Key metrics Revenue, MEUR EBITA adj.*, MEUR EBITA adj.*% 31.7% 25.2% FY 2021 19,5 17,4 19,0 13,7 222 69.6 31.4% Q1 Q2 Q3 Q4 Personnel (FTES, Q4) 1 346 tietoevry Financial information included in this presentation is unaudited *Adjusted for restructuring costs, capital gains/losses, impairment charges and other items affecting comparability 29#30Tietoevry Industry Business description Industry specific software, data and integration services digitalizing core processes for public sector, pulp & paper, and utilities segments Geographic footprint: Growth drivers: Nordics ~90% Competitive fit-for-purpose software and solutions SaaS and advanced analytics International -10% 883 Revenue 2021, MEUR 78 75 67 Industry specific core process knowledge Revenue composition Software business revenue streams Data platform Q1 Q2 Q3 Q4 License & serv. maintenance Case mgmt. as-a-Service EBITA adj.* 2021, MEUR Pulp & paper Professional Education services 20.3% Energy & Util. 17.7% Other services 15.5% Industrial 14.1% Key metrics FY 2021 13,7 12,8 13,2 11,0 Revenue, MEUR EBITA adj.*, MEUR 303 50.8 EBITA adj.*% 16.7% Q1 Q2 Q3 Personnel (FTES, Q4) 1819 Q4 30 tietoevry Financial information included in this presentation is unaudited *Adjusted for restructuring costs, capital gains/losses, impairment charges and other items affecting comparability#31Tietoevry Transform Business description Drives enterprise-wide transformation across business processes, applications and infrastructure utilizing automation, cloud and data capabilities. Revenue 2021 121 119 122 International -5% 105 Geographic footprint: Nordics ~95% Growth drivers: . Large customer base and core process knowledge • Leading transformation capabilities across business processes, apps and infra • Investments in managed services automation Business structure Industry and forest Retail and financial services Q1 Q2 Q3 Q4 EBITA adj.* 2021 Telecom and consumer services Public sector Business applications 10.8% 10.0% 8.8% *7.9% Key metrics Revenue, MEUR EBITA adj.*, MEUR FY 2021 13,1 11,9 9,3 9,6° 468 43.9 • EBITA adj.*% 9.4% Q1 Q2 Personnel (FTES, Q4) 3 395 tietoevry Financial information included in this presentation is unaudited Q3 *Adjusted for restructuring costs, capital gains/losses, impairment charges and other items affecting comparability#32Tietoevry Connect Business description Multi-cloud platform and managed services ensuring resilience, security and compliance for customers' business. Revenue 2021, MEUR 227 231 233 216 International ~0% Geographic footprint: Nordics -100% Growth drivers: Private cloud platforms, security and public cloud services • Automated operations . Partnerships to drive scale Business structure Q1 Q2 Q3 Q4 Cloud platforms and security services Traditional infrastructure services* End-user services EBITA adj.* 2021, MEUR 9.5% 8.6% 6.7% and HW/SW reselling 22,1 4.5% 18,5 *Includes traditional private cloud technologies 15,6 Key metrics FY 2021 10,1 Revenue, MEUR 908 EBITA adj.*, MEUR 66.3 Q1 Q2 Q3 Q4 EBITA adj.*% 7.3% Personnel (FTES, Q4) 4994 tietoevry Financial information included in this presentation is unaudited *Adjusted for restructuring costs, capital gains/losses, impairment charges and other items affecting comparability