#1Focused, specialized and expansion driven! Tieto EVRY STRATEGY 2021 KIMMO ALKIO President and CEO, TietoEVRY TOMI HYRYLÄINEN - CFO -#2Solid foundation to rethink our future Attractive market with high opportunities Solid integration progress Competitive services, software and capabilities Strong customer base and market position Tieto EVRY STRATEGY 2021 Time to step ahead and reshape the future!#3Expanding data-driven world fueled by hyperconnected data 1 BC Tieto EVRY TITT TITT ())) D:Q 4 JO! of B O STRATEGY 2021 THE DATA ECOSYSTEM 80 HY O SP (08 B D 11 12 B----- B Personalized Autonomous & real-time Care for Privacy & security Technology driven HEEEE Circular & sustainable Ethical FEEEEEEEE#4Technology at the core of customer's business driving agility, experiences, innovation and performance CUSTOMER AGENDA Agility & efficiency Products → Experience Innovation Tieto EVRY 个个个 STRATEGY 2021 TECHNOLOGIES & WAYS OF WORKING Cloud ∞ DevOps Design Data & Analytics Software Automation 기 Customer engagement Business results Employee experience#5Technology industry reshaping with cloud as the foundation -10% Tieto EVRY TRADITIONAL Managed traditional infra -5% 20% 15% Managed 10% traditional apps 5% PROFITABILITY MODERNIZE STRATEGY 2021 Enterprise software System Integration 5% Integrated (apps + Infra) & automated managed services 10% Data & Analytics Cloud migration Services 15% CLOUD NATIVE Cloud Consulting & Development Cloud managed Services 20% Distinct competitive drivers as world evolves towards cloud native 25% SaaS Cloud capacity GROWTH Source: Multiple analyst reports (e.g. Gartner) and TietoEVRY analysis, Growth CAGR '18-23#6Market evolving to high growth cloud native and software MARKET EVOLUTION MARKET SIZE Tieto EVRY 2020 Cloud native and software growth 10-20% Traditional services decline ~-8% 2024 ↑ STRATEGY 2021 YEAR Tieto EVRY addressable market - Nordic technology services, global engineering and selective European software OPPORTUNITY FOR Tieto EVRY Accelerate business mix change to high growth cloud native and software Increase the addressable market through focused business choices#7TietoEVRY reshaping businesses to drive customer value and growth through specialization STRATEGIC CHOICES 1 2 3 4 Tieto EVRY Clear business choices to capture market growth and expansion opportunity End-to-end businesses with full accountability and broader options to scale Focus investments to expand cloud native capabilities and scalable software businesses Drive partnerships to scale in managed application and infrastructure services STRATEGY 2021 D TO DRIVE ... Specialist customer engagement Employee learning and growth Attractive shareholder returns#8Businesses' choices to actively capture cloud native and software market momentum CLOUD NATIVE AND SOFTWARE MODERNIZE TO CLOUD Tieto EVRY BUSINESS CHOICES Business Design & Engineering Health & Care Software Financial Services Solutions Industry Software 4 Enterprise Modernization Cloud Platform Services STRATEGY 2021 Cloud native development, data an software engineering expanding globally Open and modular software for Health & Care, expanding Nordic customer base and markets Modular and integrated software suite for Nordic and global financial institutions Software for core processes in public, energy and industrial sectors, aiming to build scale Transformation and automated managed services for select Nordic customers Secure multi-cloud capacity driving scale and platforms for customers' cloud adoption#9Specialized businesses for customers' efficiency, transformation and innovation agenda Design, Data & Software engineering to accelerate digital products and experiences Business Design & Engineering Tieto EVRY Hyperconnected data, software and cloud at the core of market evolution and customers' agenda Open and data enabled software for Nordic health & care experience & efficiency dio Health & Care Software Financial Services software offered as a service to drive efficiency, speed and compliance 晶 Financial Services Solutions CLOUD NATIVE AND SOFTWARE STRATEGY 2021 Software for core processes in public sector, utilities, and industrial Industry Software Drive enterprise efficiency and agility across business processes, applications and infrastructure 4 Enterprise Modernization Orchestrate multi-cloud capacity for scaling and securing data assets and sovereignty Cloud Platform Services MODERNIZE TO CLOUD#10Unlocking learning and growth, through purposeful work and adaptive culture Tieto EVRY Learning & growth Expert communities Purposeful work Clarity on vision Adaptive culture STRATEGY 2021 Specialized businesses building and nurturing talent and expertise Communities with leading industry experts enabling professional advancement Enhanced clarity of personal contribution to customer success and societal impact End-to-end businesses with own strategies enabling exciting career opportunities Culture and ways of working reflecting the characteristics of each business Value foundation building on Nordic heritage: Openness, Trust, Diversity#11Attractive business mix to drive financial performance Business Design & Engineering Health & Care Software Financial Services Solutions Industry Software Enterprise Modernization Cloud Platform Services Tieto EVRY CURRENT REVENUE MIX ? STRATEGY 2021 GROWTH High High Medium Medium Lower Lower Indicative growth profile: High: >8% Medium: 3-8% Lower: <3% LONG TERM POTENTIAL EBITA adj. Around group average Above group average Above group average Above group average Below group average Below group average DRIVERS ● ● Competitive software and as-a-service offering . Investments into Banking-as-a-service for growth and expansion incl. M&A ● Leading capabilities addressing global market demand Expand markets and scale 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 Invest to managed services automation Automated operations Partnerships to drive scale against price erosion Business profiles with restated numbers to be available prior to Q1'22 report#12Investment priorities geared towards sustainable high growth businesses ● Invest to accelerate products, services and capabilities Prioritized M&A 日 Invest to expand Business Design & Engineering Health & Care Software Financial Services Solutions Tieto EVRY Partner to scale STRATEGY 2021 Invest in capabilities to drive scale and automated managed services Seek partners (operational and structural) to jointly invest and scale 4 Enterprise Modernization Cloud Platform Services Focus for value Optimize investments for selected businesses Develop portfolio to increase focus. Industry Software Active portfolio development to drive focus and scale in all businesses#13Unique growth, scale and expansion options for each business OPTIONALITY Strategy & Investments Operational partnerships Structural actions Tieto EVRY CLOUD NATIVE AND SOFTWARE MODERNIZE TO CLOUD BUSINESSES Business Design & Engineering STRATEGY 2021 Health & Care Software Financial Services Solutions Industry Software Enterprise Modernization Cloud Platform Services EXPANSION POTENTIAL NORDICS EUROPE GLOBAL Current primary markets Geographical expansion mainly driven by cloud native and software businesses#14Renewed structure to drive specialized end-to-end businesses Business Design & Engineering Enterprise Modernization Tieto EVRY Health & Care Software TietoEVRY Cloud Platform Services Industry Software STRATEGY 2021 Financial Services Solutions Specialized businesses with broader options to scale, including M&A&D End-to-end businesses (dismantling the matrix) with full operational responsibility covering: ● ● ● ● ● Go-to-market Business models and service portfolio Culture, talent and rewarding Investments and partnerships Financial performance Specialized end-to-end businesses to drive fast decision making, experts at customer front and employee attractiveness Common Group functions driving portfolio development, performance management and efficiency: HR, Operations, Strategy and Finance#15New Tieto EVRY Executive Management as of January 2022 Managing Directors with end-to-end business and operational responsibility Group functions and CEO Christian Pedersen Managing Director, Business Design & Engineering Business Design & Engineering Ari Järvelä Managing Director, Health & Care Software Health & Care Software Tomi Hyryläinen Chief Financial Officer Christian Segersven Managing Director, Financial Services Solutions Financial Services Solutions Trond Vinje Head of HR Ari Järvelä Managing Director, Industry Software Tieto EVRY STRATEGY 2021 *Operations include Global Delivery Operations, CIO function, Core Processes, Marketing, Communications and Sustainability/ESG Industry Software Kimmo Alkio President and CEO Satu Kiiskinen Managing Director, Enterprise Modernization Enterprise Modernization Malin Fors-Skjæveland Head of Operations* Johan Torstensson Managing Director, Cloud Platform Services Cloud Platform Services Kishore Ghadiyaram Head of Strategy#16Financial targets maintained – new strategy support potential for enhanced performance Financial targets as announced at CMD Accelerating growth EBITA adjusted 15% to 5% by 2023 by 2023 Solid foundation for improved shareholder returns Improved growth profile and profit Tieto EVRY Continued strong cash flow generation STRATEGY 2021 One-time items ~1% of revenues by 2022 Reduced leverage level enabling investment flexibility Increased dividends annually Continued dividend attractiveness ACHIEVED Net debt / EBITDA <2 by end of 2022 Reduced discount to SOTP valuation#17Go-live Jan'22 with Q1'22 financial reporting in the new structure STRATEGY LAUNCH GO-LIVE Q4'21 13 OCT 2021 JAN 2022 Long-term financial targets maintained REPORTING Tieto EVRY ● End-to-end businesses operational Q4 and full year actuals with existing reportable segments No business level soft guidance (EBITA Adj) for Q1 FY22 guidance for the Group Q1'22 STRATEGY 2021 REPORTING BUSINESS AS USUAL, Q1'22+ New reportable segments Business level soft guidance (EBITA Adj) for Q2 Restated 2021 financials in the new structure More detailed business descriptions CMD, H2 2022 Clear and transparent transformation into new reporting structure including financial guidance clarity Updated long-term financial targets for the Group and new reportable segments#18Preliminary revenue mapping to new businesses and new reportable segments NEW REPORTABLE SEGMENTS STARTING Q1/2022 Cloud Platform Services Enterprise Modernization Business Design & Engineering Financial Services Solutions Health & Care Software Industry Software Segment Other Managed infra services, private cloud, end-user services and security Cloud & Infra Tieto EVRY Business with selected customers International Operations* Financial Se Solutions Health & Care Software business Industry Software All businesses except for Health & Care Software Current reportable segments Business with selected customers and ERP practices Digital Consulting Design, Cloud, data & software engineering practices es STRATEGY 2021 Product Dev. Services INDICATIVE REVENUE SIZING Financial: Services Solutions Health & Care Software : Industry Software Business Design & Enginering Enterprise Modernization Cloud Platform Services#19Strategy implementation starting with transition to e2e businesses followed by expansion 2022 Drive focus and specialization Tieto EVRY 2023 2024 Specialized business expansion Establish end-to-end specialized businesses Investment focus to cloud native and software Portfolio pruning to drive focus Renewed identity 2024+ Pursue European and global markets with proven businesses End-to-end businesses scaling independently Accelerate cloud-native and software growth Realize cloud platform and modernization partnerships for scale Portfolio pruning complete and active M&A STRATEGY 2021 Business Design & Engineering expanding customer base in new markets New European markets for Health & Care and Financial Services software (Banking) Consistent growth and performance drive in all businesses throughout strategy implementation#20Creating futures with technology At TietoEVRY, we are creating purposeful technology that reinvents the world for good We innovate solutions to bring value for all futures, while redefining our own FUR We are developers of digital futures Tieto EVRY STRATEGY 2021 .. Updated identity supporting the strategy from 2022 onwards Naming conventions for the specialized businesses Renewed purpose and position to set direction#21Summary: Renewed strategy to drive focus, specialization and expansion 1 2 3 4 5 Hyperconnected data enabled by cloud is redefining customer priorities and reshaping technology industry Growth and expansion opportunity for TietoEVRY by specializing in cloud, data, engineering and software Reshaping TietoEVRY future through specialized end-to-end businesses and prioritized investments Structure and leadership aligned to renewed strategy - Go-live by January 2022 Financial targets* maintained - new strategy supports potential for enhanced performance * Financial targets as communicated at CMD 2020: 5% growth, 15% EBITA adj. by the end of 2023 Tieto EVRY STRATEGY 2021