#1Q2 2022 Strong organic growth of 5% growth outlook for the year upgraded Kimmo Alkio, President and CEO Tomi Hyryläinen, CFO tietoevry -#2Strong organic growth of 5% - growth outlook for the year upgraded Q2 in brief Growth driven by Tietoevry Create, up by 12%, and Tietoevry Banking, up by 10% tietoevcy Adjusted operating margin 10.7% impacted by salary inflation - ongoing efficiency measures driving uplift in H2'22 Successful talent attraction with 1 200 new joiners - personnel attrition rates stabilizing Full-year growth outlook upgraded to 3-5% from the previous range of 2-4% Strategic review of Tietoevry Banking initiated to unlock its full value potential 2#3Continued active market with high growth potential Our market growth estimate of 3% for 2022 unchanged Market driven by cloud-native services and software with decline in traditional managed services tietoevcy While macro economic uncertainties exist, market activity level remains healthy with no significant change in customer behaviour observed Talent market continues to be active - attrition and salary inflation impacting growth and profitability Continued high recruitment pace demonstrates good talent attraction 3#4Initiating strategic review of Tietoevry Banking to unlock its full value potential as an independent listed company Tietoevry Banking today Leading position in financial services software in the Nordics and global footprint ● ● ● Annual revenue EUR ~500 million with ~3 600 experts serving >400 customers globally Highly competitive software and platforms for Nordic and global financial institutions Proven financial performance with expansion potential tietoevcy Objectives of strategic review Clear identity in a global Fintech software market ● ● ● Focused investments into software at a higher scale Attract best global Fintech talent • Increased growth, expansion and value potential Unlocking value for Tietoevry shareholders Process and way forward Strategic review incl. carve-out and potential listing expected to take 12-18 months ● Business continues to operate as-is until strategic review is concluded#5Q2'22 financials ✔tietoevry 5#6Tietoevry Q2'22 Business highlights Revenue EUR 739.1 million, organic growth* 5% Reported growth 2.4%, currency and divestment impact EUR 17 million (negative) Adjusted EBITA** EUR 78.7 (88.3) million, 10.7% (12.2) Strong growth in Tietoevry Create and Tietoevry Banking Profitability impacted by high inflation - performance acceleration ongoing in Tietoevry Connect, Tietoevry Banking and Tietoevry Transform Operating cash flow EUR 8 (11) million Healthy order backlog, up by 4% 722 12.2% Q2/21 648 * Adjusted for currency effects, acquisitions and divestments ** Adjustment items include restructuring costs, capital gains/losses, impairment charges and other items affecting comparability tietoevly 14.5% Q3/21 Adj. EBITA % Organic growth* 5% Adj. EBITA** 10.7% (down 1.5%) 742 13.9% Q4/21 Revenue 731 11.6% Q1/22 739 10.7% Q2/22#7Tietoevry Create Digital consulting, analytics and software engineering services Business highlights Revenue EUR 210.3 million, organic growth* 12% Adjusted EBITA** EUR 26.5 (23.1) million, 12.6% (12.2) High market activity in cloud native, data and software engineering services Continued strong growth in International - new Nanjing R&D centre contributing to growth Limited financial impact from the war in Ukraine in Q2'22 Profitability slightly above Q2'21 level In Q3'22, adjusted operating margin anticipated to be at Q3'21 level * Adjusted for currency effects, acquisitions and divestments ** 188 12.2% Q2/21 172 Adjustment items include restructuring costs, capital gains/losses, impairment charges and other items affecting comparability tieto evry 12.7% Q3/21 Adj. EBITA % Organic growth* 12% Adj. EBITA** 12.6% (up 0.4%) 207 13.4% Q4/21 Revenue 218 14.3% Q1/22 210 12.6% Q2/22 7#8Tietoevry Banking Software for financial institutions Business highlights Revenue EUR 132.3 million, organic growth* 10% Adjusted EBITA** EUR 13.6 (14.4) million, 10.3% (12.0) Healthy growth driven by Cards and Financial Crime Prevention Profitability below Q2'21 level - efficiency measures contributing to H2'22 profit improvement In Q3'22, adjusted operating margin anticipated to be above Q3'21 level * Adjusted for currency effects, acquisitions and divestments ** 120 12.0% Q2/21 112 Adjustment items include restructuring costs, capital gains/losses, impairment charges and other items affecting comparability tieto evry 14.9% Q3/21 Adj. EBITA % Organic growth* 10% Adj. EBITA** 10.3% (down 1.7%) 130 13.6% Q4/21 Revenue 125 9.9% Q1/22 132 10.3% Q2/22 8#9Tietoevry Care Software for health and care services Business highlights Revenue EUR 58.3 million, organic growth* -4% Adjusted EBITA** EUR 17.5 (19.5) million, 30.1% (31.7) Growth impacted by high comparable - Q2'21 one-time revenue impact of ~10% Underlying growth of 6% driven by Healthcare and Welfare businesses Healthy profitability - increased investments for the year focusing on roadmap acceleration and reinforced go-to- market In Q3'22, adjusted operating margin anticipated to be below Q3'21 level 62 31.7% Q2/21 49 * Adjusted for currency effects, acquisitions and divestments ** Adjustment items include restructuring costs, capital gains/losses, impairment charges and other items affecting comparability tieto evry 35.5% Q3/21 Adj. EBITA % Organic growth* -4% Adj. EBITA** 30.1% (down 1.6%) 57 33.4% Q4/21 Revenue 57 29.3% Q1/22 58 30.1% Q2/22#10Tietoevry Industry Industry-specific software and data platforms Business highlights Revenue EUR 68.3 million, organic growth* 3% Adjusted EBITA** EUR 11.7 (11.0) million, 17.1% (14.1) Organic growth of 3% driven by Public 360 and Pulp and Paper Large customer contract ending in Data Platform Services with negative impact of 3 %-points Healthy profitability above Q2'21 level In Q3'22, adjusted operating margin anticipated to be below Q3'21 level 78 14.1% Q2/21 67 * Adjusted for currency effects, acquisitions and divestments ** Adjustment items include restructuring costs, capital gains/losses, impairment charges and other items affecting comparability tieto evry 20.3% Q3/21 Adj. EBITA % Organic growth* 3% Adj. EBITA** 17.1% (up 3.0%) 75 17.7% Q4/21 Revenue 71 15.7% Q1/22 68 17.1% Q2/22 10#11Tietoevry Transform Enterprise IT services for selected customers Business highlights Revenue EUR 118.7 million, organic growth* 0% Adjusted EBITA** EUR 5.4 (11.9) million, 4.5% (10.0) Healthy growth in Industry & Forest segment - decline in Telecom & Consumer segment Combination of flat growth and high inflation impacting profitability Continued strong order intake - book-to-bill of 1.3 Enhanced measures to drive improved performance increase automation, re-deploy talent and improve utilization rates ● ● profit improvement beginning to materialize towards the end of 2022 In Q3'22, adjusted operating margin anticipated to be at Q3'21 level 119 10.0% Q2/21 105 * Adjusted for currency effects, acquisitions and divestments Adjustment items include restructuring costs, capital gains/losses, impairment charges and other items affecting comparability tietoevry 8.8% Organic growth* 0% Adj. EBITA** 4.5% (down 5.5%) Q3/21 Adj. EBITA % Revenue 122 7.9% Q4/21 121 8.5% Q1/22 119 4.5% Q2/22 11#12Tietoevry Connect Infrastructure capacity and services Business highlights Revenue EUR 230.7 million, organic growth* 1% Adjusted EBITA** EUR 12.0 (15.6) million, 5.2% (6.7) Strong growth continues in cloud platforms and security services, up by 14% Traditional infrastructure services revenue declined by 6% Profitability below Q2'21 level, impacted by high inflation Efficiency measures announced in February on schedule - anticipated to contribute to H2'22 performance In Q3'22, adjusted operating margin anticipated to be above Q3'21 level 231 6.7% Q2/21 216 * Adjusted for currency effects, acquisitions and divestments Adjustment items include restructuring costs, capital gains/losses, impairment charges and other items affecting comparability tieto evry 8.6% Q3/21 Adj. EBITA % Organic growth* 1% Adj. EBITA** 5.2% (down 1.5%) 233 Revenue 9.5% Q4/21 224 4.1% Q1/22 231 5.2% Q2/22 12#13Guidance 2022 growth guidance upgraded Growth guidance upgraded to 3-5% (previously 2-4%) Following strong organic") growth of 4.6% in H1'22 and anticipated revenue development in H2'22, Tietoevry upgrades its growth outlook for the year The company estimates its full-year organic¹) growth to be 3% to 5% (previously 2% to 4%) The company anticipates over 4% growth to be feasible while recognizing macroeconomic related risks 1) Adjusted for currency effects, acquisitions and divestments. ✔ tietoevry Profit guidance 13.1-13.6% unchanged H1'22 profitability of 11.1% supports trend towards lower end of the guided range Performance uplift in H2'22 compared to H1'22 is anticipated: Performance acceleration programmes in Tietoevry Connect, Tietoevry Banking and Tietoevry Transform expected to contribute ca. 2-2.5%-points to profitability Vacation impacts due to seasonality in vacation periods - impacts profitability by ca. 2.5-3%-points Salary inflation continues at high level, impacting profitability by ca. -1%-point 13#14CFO report ✔tietoevry 14#15CFO highlights Q2'22 financials - continued strong growth Organic growth 5% - driven by Tietoevry Create and Tietoevry Banking ● ● ● ● ● ● Adjusted operating margin EUR 78.7 million / 10.7% - below Q2'21, impacted by high attrition, salary inflation, and returning post-pandemic costs Reported operating profit at EUR 39.7 (139.7) million, 5.4% (19.4%) - prior year included capital gain of EUR 71.4 million Operative cash flow of EUR 8 (11) million Net debt / EBITDA 1.6x (1.6) Order backlog up by 4% year-on-year tietoevcy Q2'22 other • CAPEX of EUR 23.9 million (18.5), representing 3.2% of revenue (2.6) One-time items (OTI) EUR 27.1 million, impacted by performance acceleration programs, exit from Russia and war in Ukraine 15#16Seasonally low Q2 cash flow - Net debt / EBITDA 1.6x MEUR MEUR 116 11 Q221 Free cash flow* 1.6x 772 Q221 Net debt tietoevcy 57 92 Q321 Operating cash flow 1.4x 702 Q321 165 169 Q421 1.1x 611 Q421 25 62 Q122 1.1x 586 Q122 8 Q222 -34 1.6x 716 Q222 Operating cash flow less cash flow from investing activities less Payments of lease liabilities ** Excluding cash flow impact of EUR 142.5 million from oil & gas divestment EUR 8 (11) million cash flow from operations Seasonal net working capital increase of EUR 57 million - mainly driven by liabilities Impacted by one-time items Free cash flow of EUR -34 (116/-27**) million Cash generation foundation remains healthy ● ● Net debt/EBITDA 1.6x (1.6x) at end of Q2'22 - well below target level of <2.0x Interest bearing net debt EUR 716 (772) million, impacted by dividend payment, negative FCF and increased in IFRS 16 lease liabilities New sustainability-linked revolving credit facility of EUR 250 million to refinance the earlier facility 16#17Attrition and inflation at high levels High attrition level continues - rolling 12-month attrition stabilized at 16.3% in Q2'22 (16.5% in Q1'22), compared to 11.7% in Q2'21 Net personnel increase in Q2'22 when adjusting for divestments - driven by approx. 1 200 new hires ● ● ● Tietoevry Create has successfully increased personnel base by ~850 employees since Q2'21 (approx. +11%) Tietoevry Connect performance improvement programme contributed to net reduction of ~300 personnel from Q2'21 (approx. -6%), while increasing offshore ratio by ~6% to ~50% Divestment of Russian legal entity reduced Group personnel by approx. 100 in Q2'22 Estimated salary inflation approximately 4% in 2022 - annual salary increases took effect from 1 April tietoevcy Attrition % last twelve months (voluntary) 11.7 Q2 21 23 610 Personnel End of period Q2 21 13.5 1 300 Q3 21 Q2 21 23 860 New hires In quarter Q3 21 1 600 Q3 21 14.6 Q4 21 24 389 Q4 21 1 700 Q4 21 16.5 Q1 22 24 356 Q1 22 1400 Q1 22 16.3 Q2 22 24 363 Q2 22 1 200 Q2 22#18Performance drivers - Q3'22 Growth drivers Profit drivers Other drivers tietoevcy ● ● ● ● ● Ⓡ ● ● Continued good momentum in Tietoevry Create and Tietoevry Banking Growth in Tietoevry Care back to healthy level Tietoevry Industry growth impacted by a large customer contract ending in Data Platform Services - negative impact ~3%-points Efficiency measures in Tietoevry Connect, Tietoevry Banking and Tietoevry Transform contributing to profit improvement Employee attrition and inflation continue at high levels, impacting profit Vacation period having positive impact on profitability Negative FX impact on revenue ~EUR 5 million No working day impact \!!! 18#19Recognitions and way forward ✔tietoevry 19#20Recent recognitions Recognized for quality and customer value in Sweden by Radar According to Swedish customers 2022 tietoevry LEADER IN CREATING CUSTOMER VALUE Research by radar. ECOSYSTEM SPECIALISTS Partner of the year 2022 for Microsoft in Finland ✔ tietoevry Winner Microsoft Partner of the Year Finland Microsoft 7 Platinum level on global Ecovadis Sustainability rating PLATINUM Top 1% 2022 ecovadis Sustainability Rating 20#21Summary and way forward Growth momentum to continue in H2'22 - full-year growth guidance upgraded to 3-5% ✔ tietoevcy Efficiency measures in place to drive performance in H2'22 - business resilience through enhanced performance management Developers of Digital Futures Continued high attention to employee engagement and talent attraction Strategic review of Tietoevry Banking initiated to unlock its full value potential 21#22Thank you tietoevry