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FY 2015 Results 155 124 187 112 89 98 10 February 2016 Accent 5 Accent 6

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FY 2015 Results 155 124 187 112 89 98 10 February 2016 Accent 5 Accent 6 Text/Background Light 1 Dark 1 255 0 255 0 255 0 Light 2 Dark 2 128 0 128 0 128 0 Charts Accent 1 Accent 2 0 61 0 85 102 163 Accent 3 Accent 4 FY 2015 Results 155 124 187 112 89 98 10 February 2016 Accent 5 Accent 6 171 168 161 174 149 203 Other Hyperlink Followed Hyperlink 162 231 167 235 87 247 Disclaimer Forward-looking statements This presentation may contain forward looking statements with respect to Intertrust’s future financial performance and position. Such statements are based on Intertrust’s current expectations, estimates and projections and on information currently available to it. Intertrust cautions investors that such statements contain elements of risk and uncertainties that are difficult to predict and that could cause Intertrust’s actual financial performance and position to differ materially from these statements. Intertrust has no obligation to update or revise any statements made in this press release, except as required by law. Presentation of financial and other information On 19 October 2015 Intertrust NV became the parent of the Group by the contribution of the entire issued and outstanding share capital of Intertrust Topholding (Luxembourg) S.à.r.l. and the outstanding amounts under the Shareholder loans to the Company’s shareholder’s equity as a capital contribution. The capital contribution has been accounted for as a capital reorganisation under common control and measured at the IFRS historical carrying values of Intertrust Topholding (Luxembourg) S.à.r.l. The consolidated financial information is therefore presented as if the Company had been the parent company of the Group throughout the periods presented. It includes unaudited financial information which is comparable to the historical financial information of the Intertrust group disclosed in connection with Intertrust’s listing on Euronext Amsterdam. Financial information is presented on adjusted basis before specific items and one-off revenues/expenses. The 2015 financial information includes the CorpNordic acquisition as of July 2015. The financial statements have not yet been issued or approved. The audited financial statements and annual report will be available on March 31, 2016. 2 Text/Background Light 1 Dark 1 255 0 255 0 255 0 Light 2 Dark 2 Section 1 128 0 128 0 128 0 Highlights 2015 Charts Accent 1 Accent 2 0 61 0 85 102 163 Accent 3 Accent 4 155 124 187 112 89 98 Accent 5 Accent 6 171 168 161 174 149 203 Other Hyperlink Followed Hyperlink 162 231 167 235 87 247 2015 Highlights (€m) FY 2015 Adj. revenue1 344.9 Total growth2 16.6% Organic growth at constant currency3 8.1% Adj. EBITA1 140.4 Financial Margin (%) 40.7% highlights Excl. acquisitions at constant currency 41.2% Adj. Pro-forma EBITA4 141.7 Cash flow conversion5 97% Net Adjusted Income Per Share6 1.19 Intertrust began trading on Euronext Amsterdam on 15 October 2015 Hired 123 new FTE’s to deal with expanding business, of which 95 billable Completed acquisition and integration of CorpNordic, the leading corporate services provider in the Nordics Highlights The Business Application Roadmap (BAR) implementation continues to be on track Three independent supervisory board members joined Intertrust’s board in 2015: Chairwoman Hélène Vletter-van Dort, Anthony Ruys and Bert Groenewegen Compliance and Regulatory Services, AIFMD Manco and Fund Administration services were further developed Notes 4. Adjusted EBITA including Adjusted EBITA CorpNordic for the period January to June 2015 1. Adjusted financials before specific items and one-off revenues/expenses 5. Cash conversion ratio excluding strategic capex 2. Total growth of adjusted financials 6. Adjusted net income divided by the number of shares outstanding as of December 31, 2015 4 3. Organic growth excluding CorpNordic acquisition of 85,221,614 Details of the IPO Transaction overview Share price and volume evolution Listing location October 15, 2015, Euronext Amsterdam 22 Deal size €491m1 20 Price €15.50 at IPO ) € 18 Repayment of existing debt facilities and 14% Use of proceeds for general corporate purposes 16 Share price ( priceShare Blackstone: 180 days Lock-ups Management: 360 days (6%) 14 Dividend policy 40-50% of the adjusted net income Joint Global Co-ordinators and Joint 12 15-Oct 6-Nov 28-Nov 20-Dec 11-Jan 3-Feb Bookrunners: Deutsche Bank and UBS Syndicate Joint Bookrunners: ABN AMRO, Morgan 7,000600 Stanley, JP Morgan 500 Co-lead: Berenberg (000) 400 300 Volume 200 Free float 100 37.3% 0 Blackstone Post-IPO ownership 48.7% structure Trading volume Intertrust AEX Management 14.0% Source: FactSet Notes 1. Total size of primary offering amounted to approximately €465 million. 5 Appointment of three highly qualified Supervisory Board members Enhances corporate governance by contributing to the expertise and strength of the Intertrust Supervisory Board Hélène Vletter- van Dort Anthony Ruys Bert Groenewegen Chair since 2015 Board member since 2015 Board member since 2015 Professor of Financial Law & Former CEO and Chairman of the CFO at Ziggo NV since March 2010 Governance at the Erasmus School Executive Board of Heineken and Ziggo BV since acquisition by of Law in Rotterdam and member of (2002 - 2005) and former Chairman Liberty Global in November 2014 the Dutch Monitoring Committee of the Supervisory Board of Corporate Governance Code Schiphol Group (2009 - 2015) Member of the Supervisory Board of Wereldhave NV Served on the Supervisory Board of Held several senior positions at the Dutch Central Bank (the Dutch Unilever from 1974 to 1993 regulatory authority) from 2010 to 2014 6 Proactively investing in our IT systems Advanced roll-out and implementation of Business Application Roadmap ("BAR") Program Overview Update on roll-out The BAR program, aiming at enhancing and simplifying the IT application Roll-out completed in 16 jurisdictions landscape of Intertrust, started in 2014 and covers systems and applications Administration Full deployment by Q1 2016 Estimated total BAR investment of €17.2m in 2014 - 2016 (€8.5m spent in 2014, €6.5 spent in 2015 and €2.2m budgeted in 2016) Transfer to SaaS1 and IaaS2 resulting in lower capex and higher expenses Deployed in the major offices Document Expanding functionality, such as digital management signatures and mobile access Key benefits Harmonisation of the global IT application landscape of Intertrust in key Global roll-out completed with good traction process areas CRM Luxembourg / Bahamas roll-out subject to regulatory approval Reduction in time spent on non-billable activities (more efficient sales process through CRM3) The first release is completed and available in all major offices Client Increased productivity on billable activities (standardisation / introduction Receiving positive feedback from the portal of digital documents) market Electronic document management 80% coverage currently Offers unified client portal for global clients, simplifying servicing client Staff Significant training of users completed information needs Set up of "Business Optimisation Team" Notes 1. Software as a Service Source: Company 2. Infrastructure as a Service 7 3. Customer relationship management CorpNordic acquisition Leading provider of corporate services in the Nordic region with strong footprint in Sweden, Denmark, Norway and Finland Transaction overview Cost synergies breakdown Sweden, Denmark, Finland and Norway Geographies New locations: Helsinki and Oslo Reduction of Overlapping locations: Copenhagen and Stockholm overlapping Staff costs functions 2015 revenue: €11.4m Other costs 65% Key stats 2015 adj. EBITA : €2.3m 35% Closure of c. 681 structures duplicate premises Transaction highlights Reduction of Bilateral transaction negotiated with founders professional fees Management reinvested proceeds in Intertrust Inclusion in Non-compete clause for key personnel Expected cost synergies: €0.9m Intertrust insurance Synergies do not take into account opportunities to increase p.a. coverage combined top line growth Revenue breakdown By geography 1 By service 2 Finland Foundation management 7% Sweden 3% Depositary and Norway Bondholder 51% representative compliance services 11% services 1% 8% Company Payroll & HR management Denmark 14% 64% 31% Fund admin 10% Added new products including agent services for bonds issuances & loans and specialized HR & payroll services 1 based on 2015 revenues 2 based on 2014 revenues 8 Text/Background Light 1 Dark 1 255 0 255 0 255 0 Light 2 Dark 2 Section 2 128 0 128 0 128 0 Financial overview Charts Accent 1 Accent 2 0 61 0 85 102 163 Accent 3 Accent 4 155 124 187 112 89 98 Accent 5 Accent 6 171 168 161 174 149 203 Other Hyperlink Followed Hyperlink 162 231 167 235 87 247 Continuing to deliver on our objectives What was our guidance? Metric FY 2015 results Revenue growth +16.6% (y-o-y) “Continue historical trends and aim Adj. revenue1 for above market growth” Organic growth at CC2 +8.1% (y-o-y) Adj. EBITA growth +14.8% (y-o-y) “Continued adj. EBITA progression Adj. EBITA1 in line with historical trends” Organic growth at CC2 +7.8% (y-o-y) 97% Cash “Continued high cash conversion” Cash conversion3 Notes: 1. Adjusted financials before specific items and one-off revenues/expenses 2. Organic growth excluding CorpNordic acquisition at constant currency 3. Cash conversion = OpFCF / Adjusted EBITDA, where OpFCF = Adjusted EBITDA less Maintenance Capex excluding strategic capital expenditures 10 2015 results demonstrating continued strong organic growth 41.4% Q4 15 FY 15 (42.1% excl. 40.7% 40.4% 41.3% Y-o-Y Y-o-Y CorpNordic (41.2% excl. and cc) CorpNordic and cc) Adj. revenue 344.9 295.9 Total growth2 15.4% 16.6% Organic growth3 11.8% 14.7% Organic growth at constant m) 6.6% 8.1% € 4 ( 140.4 122.3 currency 91.5 79.3 Adj. EBITA 32 37.9 Total growth2 18.3% 14.8% Q4 14 Q4 15 FY 2014 FY 2015 Organic growth3 17.0% 14.1% Organic growth at constant 11.2% 7.8% Adj.
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