Safe Harbor Statement

1 2 Safe Harbor Statement

This presentation contains forward-looking statements, as defined by federal and state securities laws, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, expectations, intentions, projections, developments, future events, performance or products, underlying assumptions, and other statements which are other than statements of historical facts. In some cases, you can identify forward-looking statements by terminology such as ''may,'' ''will,'' ''should,'' “hope,'' "expects,'' ''intends,'' ''plans,'' ''anticipates,'' "contemplates," ''believes,'' ''estimates,'' ''predicts,'' ''projects,'' ''potential,'' ''continue,'' and other similar terminology or the negative of these terms. From time to time, we may publish or otherwise make available forward-looking statements of this nature. All such forward- looking statements, whether written or oral, and whether made by us or on our behalf, are expressly qualified by the cautionary statements described on this message including those set forth below. All statements contained in this presentation are made only as of the date of this presentation. In addition, except to the extent required by applicable securities laws, we undertake no obligation to update or revise any forward-looking statements to reflect events, circumstances, or new information after the date of the information or to reflect the occurrence or likelihood of unanticipated events, and we disclaim any such obligation.

Forward-looking statements are only predictions that relate to future events or our future performance and are subject to known and unknown risks, uncertainties, assumptions, and other factors that may cause actual results, outcomes, levels of activity, performance, developments, or achievements to be materially different from any future results, outcomes, levels of activity, performance, developments, or achievements expressed, anticipated, or implied by these forward-looking statements. Other factors that could affect actual results, outcomes, levels of activity, performance, developments or achievements can be found under the heading “Risk Factors” in SS&C Technologies Holdings, Inc.’s Form 10-K, filed February 28, 2018. As a result, we cannot guarantee future results, outcomes, levels of activity, performance, developments, or achievements, and there can be no assurance that our expectations, intentions, anticipations, beliefs, or projections will result or be achieved or accomplished. 3 Agenda

Welcome - Justine Stone, Investor Relations

01 10:00AM Bill Stone, Chairman and CEO SS&C Strategic Outlook

02 10:25AM Rahul Kanwar, President and COO SS&C Business Overview, Acquisition Progress

03 10:50AM Patrick Pedonti, SVP, Chief Financial Officer Financial Overview

04 11:00AM Q&A with CEO, COO, CFO Mike Sleightholme, SVP, General Manager, DST Systems Ken Fullerton, SVP, Managing Director, Hedge Funds Joe Patellaro, SVP, Managing Director, Private Equity Bhagesh Malde, SVP, Managing Director, Real Assets 11:30AM – Christy Bremner, SVP, General Manager, I&IM Business Unit Overview, Market Opportunities, Key Initiatives 05 12:30PM Rob Roley, SVP, General Manager, SS&C Advent Jeff Shoreman, SVP, General Manager, Eze Software Leif O’Leary, SVP, General Manager, Intralinks Anthony Caiafa, CTO, Technology and Infrastructure Strategy

Norm Boulanger, Vice Chairman, Singularity 12:30PM Singularity Overview, Demo 06 Scott Kurland, Managing Director 07 Q&A with Presenters 08 1:00PM Technology Demos & Lunch (in common area) DST WalletShare, Core/Sightline, Black Diamond, InvestorVision, Intralinks, Eze Software 4

Leading provider of mission-critical cloud-based software for financial services providers with a flexible, on-demand delivery model BILL STONE, Chairman and CEO 6 SS&C by the Numbers

Founded 20,000+ 134 offices NASDAQ: SSNC in 1986 employees globally (since Q1 2010)

Largest Transfer 13,000+ Agent and Fund 100+ products and 96% contractually clients Administrator services recurring revenues Globally 7 Adj. Revenue Growth 10x since IPO

$3,426 E

$1,683 $1,524 $1,056 $713 $768 $553 $329 $371

2010 2011 2012 2013 2014 2015 2016 2017 2018

IPO Raises GlobeOp Advent Citi Alternative DST Systems $161 million Software Investor Services Eze Software

Acquisitions Intralinks 8 Adj. Net Income Growth 10x since IPO

$700.00 $683

$600.00

$500.00 $409 $400.00 $338 $300.00 $254 $206 $200.00 $169 $117 $87 $100.00 $66

$0.00 2010 2011 2012 2013 2014 2015 2016 2017 2018

IPO Raises GlobeOp Advent Citi Alternative DST Systems $161 million Software Investor Services Eze Software

Acquisitions Intralinks 9 Diversified Business Model

Client footprint Pro Forma 2017 revenue(1)(2)

Hedge Mutual Funds Funds Healthcare 12% Private FOFs Equity Targeted 3% Alternative Asset 33% RIAs Wealth Managers Management 7%

Managed Diversity across Wealth $3.8bn Revenue Accounts end markets Managers

Insurance Family Companies Offices

Endowment / Healthcare Pension Real Funds Banks Institutional / Estate Traditional 45%

(1) Pro forma combined revenue as of December 31, 2017. (2) For DST: Alternative includes ALPS; Institutional / Traditional includes Asset Manager Solutions and Brokerage Solutions; Wealth Management includes Retirement Solutions and Distribution Solutions; Healthcare includes Pharmacy Solutions and Medical Solutions. 10 Large Technology Spend across Financial Services Industry

Asset Management Technology Market Total Worldwide Banking and Securities Industry Spending in Software and IT Services ($ in billions)

$332 Market Data $313 $279 $295 & MDD, 4.6 $250 $262 Hardware, Hosting, and Outsourcing, 13.5

~48b 2016 2017 2018 2019 2020 2021 Global Data & Information, 20.2 Source: Gartner, Oct. 2017. Front-to-Back office Applications, 9.7 Functions US Buy-Side Firms are Implementing SaaS as primary delivery model

80% Front office Middle Office Back Office

59% 60% 54% 44% 41% 41% 41% 38% Front-to-Back Office Applications a strategic growth area 40% 33% 33% Deployed » Hedge funds/alternatives driving incremental growth in segment 26% 28% Trialing » Increasing compliance requirements, regulations, demands for transparency 20% 13% » Increasing complexity of investment strategies » Overall FinTech market expected to grow 4-5% annually 0% Marketing / Asset Asset / Portfolio Risk Management Compliance Back-office HR / Finance Gathering Management operations back-office support Source: Deloitte, 2017. 11 The Financial Industry Relies on SS&C

$45 40 9 Top 20 TRILLION OUT OF LARGEST 75% ASSET MANAGERS TOP 10

in financial fund prime Of the top 100 Distribution assets administrators brokers hedge funds Solutions

LARGEST SaaS 58.3 $2 PROVIDER MILLION TRILLION 99% 95% TA ACCOUNTS

Asset Manager Regulatory Issuance of all US Structuring of all US Retirement Solutions Filings Commercial Paper Municipal Bonds Solutions 12 Unique and Leveragable Business Model

Customer Relationship expands…

• Greater operational Customer efficiency

• Infrastructure and technology savings Customer • Larger revenue FULL MIDDLE opportunity AND BACK Customer CO- OFFICE SOURCING OUTSOURCING

COMPONENT SERVICES Customer OUTSOURCING HOSTING SERVICES LICENSED SOFTWARE

PROPRIETARY TECHNOLOGY AND EXPERTISE 13 Collection of Experts

Over 20,000 global Employees Focus on Attracting and Retaining Talent

• Best in class training, tuition and professional development reimbursements, industry training • CPAs, CFAs, chartered accountants, • Offering competitive salaries and benefits and a technologists, advanced degrees world-class equity program • Experts in US and International accounting • Range of opportunities from Fund Accounting to rules, tax law, and financial regulation, GIPS, Software Developers level III asset accounting • Active participation in Careers Fairs – recruiting new graduates in various disciplines from Accounting, Finance, Technology, etc. 14 Business Organization – A Collection of Experts

SS&C Corporate Functions

Finance Legal Patrick Pedonti, Joe Frank, Chief CFO Legal Officer

Bill Stone Human Resources Compliance Chairman, CEO

Rahul Kanwar President, COO Software and SaaS Outsourcing Services

Institutional Targeted SS&C Advent and Investment Solutions Management DST Systems SS&C GlobeOp Fund Services

Intralinks SS&C Eze

Sales & Marketing

Technology 15 SS&C’s Growth Strategy

Core Offerings New products and markets

• Utilize our market leadership in fund • Incorporate emerging technologies into administration, mutual fund transfer agent, development projects including AI, and buy-side technology to win new clients Robotics, machine learning

• Cross sell and upsell additional value-add • Pursue adjacent markets through our MidDigitsSingle

– services to our current client base acquisitions and targeted solutions

• Have a matrixed pricing model that supports • Expand our solutions globally, build our

both our clients and our growth sales force abroad, particularly Asia-Pac Organic

• Methodically opportunistic acquisition strategy with price discipline

• Move quickly on large, strategic acquisitions

• Explore tuck-in acquisitions that enhance current offerings, improve technology Acquisition 16 Innovation: 2018 ProForma R&D Spend of $420 million

SS&C Singularity Outsourced Middle Office Solution EMIR Reporting Retirement Plan Health Dashboard w/ Automated Financial Statement Outsourced REIT Servicing Analytics & Benchmarking Form PF Reporting Preparation Tool

Electronic Investor Depository “Lite” Service Solvency II Reporting Enhanced Client Portal Documentation Workflow Tool

2011 2012 2013 2014 2015 2016 2017 2018

Risk Reporting Service FATCA Reporting Mortgage Origination & Servicing SEC Modernization Regulatory Reporting Solution Voice Recognition Embedded w/in Fund Cloud-Based Hosting & Mobile Private Asset Manager Investment & Portfolio Admin. IOS App Advisor Workstation & Practice Equity Admin. Offering Management Management Platform

Complete Portfolio Monitoring Service for Credit Retirement Plan Health Analytics Managers

Learning Center – Investor Education & Content

Leveraging a growing collection of intellectual property and industry experts, SS&C continues to deliver new products and services 17 Unrivaled Portfolio of Capability Intralinks $1.5 billion

Conifer Financial Services $87 million

Wells Fargo Fund Services GlobeOp $73 million $789 million DST Systems Salentica $5.4 billion

Citi AIS PORTIA DST Global Solutions $296 million $169 million $95 million

2010 2011 2012 2013 2014 2015 2016 2017 2018

Geller Investment Prime Management ModestSpark Partnership Services Commonwealth Eze Software Fund Services $1.45 billion Advent Software $2.7 billion

CACEIS North America

SS&C has built through acquisitions one of the strongest portfolios of intellectual property in investment systems and services 18 Proven Acquisition Track Record

Financial Models Thomson Reuters Company PORTIA GlobeOp DST Global Advent

Date April 2005 May 2012 June 2012 November 2014 July 2015

Acquisition Purchase Price $159mm $170mm $834mm $95mm $2.6bn

57% 48% 51% 47% 39% Mid 30s Margin Mid 30s Low 30s Improvement Mid-teens Mid-teens

2005(1) 2007(2) 2010(1) 2013(2) 2011(1) 2013(2) 2014(1) 2016(2) 2014(1) 2016(2)

Demonstrated ability to improve operating margin

(1) Pre-acquisition margin is calculated by dividing adjusted EBITDA by revenues, in each case for the last 12 months available prior to the acquisition by SS&C. Pre-acquisition adjusted EBITDA is calculated from financial information provided by the acquiree and may not be calculated in exactly the same manner as post-acquisition consolidated EBITDA as described in footnote (2), although management believes the calculations to be similar in all material respects. (2) Post-acquisition margin is calculated by dividing consolidated EBITDA by revenues, in each case for the 12 months ended for the period presented. Post-acquisition consolidated EBITDA is calculated as EBITDA, as defined below, adjusted to exclude stock based-compensation, capital based taxes, EBITDA of acquired businesses and costs savings, non-cash portion of straight-line rent expense purchase accounting adjustments and other adjustments permitted in calculating covenant compliance under the SS&C credit facilities. EBITDA represents net income before interest expense, income taxes, depreciation and amortization. 19 Proven Acquisition Track Record

DST Systems Eze Software Intralinks Margin Improvement from the Date April 2018 September 2018 TBA following buckets:

Acquisition Purchase • Operational efficiency $5.5 bln $1.45 bln $1.5 bln Price • Facility consolidation

48% 45% 41% • Vendor contract negotiation and Margin 34% 37% Improvement reduction Mid-teens

Q3 2017(1) Q3 2018(2) 2017(1) 2021(2) Q2 2018(1) 2021(2) • Productivity

Demonstrated ability to improve operating margin

SS&C Institutional SS&C Targeted SS&C GlobeOp SS&C Advent & Investment SS&C DST SS&C Eze Intralinks Solutions Management

Asset Management & Asset Management, Insurance Companies, Mutual Funds, Deal Making, Capital Alternatives, Long-only Targeted software Alternatives Alternatives, & Investment Managers, Healthcare, & Markets, & Global Asset Management solutions for the • Outsourced Middle Wealth Management Pensions, & REITs Retirement Plans Banking software solutions Financial Services & Back Office • Portfolio • Asset Management • Retirement Solutions • M&A Due Diligence • Order Management Industry Business Management & Investment • Business Process • Capital Raising • Execution • Financial Institutions Processing Accounting Accounting Solutions Outsourcing • Investor Reporting Management • Financial Markets • Tax Reporting • Data Aggregation, • Client Communication • Broker-Dealer • Debt Financing • Compliance Group • Performance and Normalization, & Origination and Services & Solutions • Commission • FIX Trading Risk Analytics Validation Distribution • Wealth Management Management Connectivity • Investor Relations, • Standard & • Client Engagement Software • Investor Accounting • Property Reporting, & Portal Customized and Portals • Pharmacy Solutions • Portfolio Management management Self-Services Reporting • Reconciliation • Healthcare & Accounting • SS&C Learning • Pre, Post, & Solutions • Performance Administration Institute Hypothetical Trade • Margin & Finance Measurement and Compliance Management Performance Attribution 22 Simplifying Operational Complexity

Transparent

• Full data access • 24/7 availability • Workflow dashboards

Modular

• Fully integrated technology stack • Component-based

Configurable and Flexible With SS&C, clients get the benefits of • Consultative solution design outsourcing, without losing control • Full implementation or phased approach • “pick and choose” services

Scalable

• Ability to grow with our customers • Trade compression 23 SS&C Strategic Focuses

Maximize client relationships, • Enroll all clients into Client Monitoring Program (CMP) • Focus on solution delivery focus on client satisfaction • Identify value add cross-sell and upsell opportunities

• Enhance top talent program Attract, Develop, and Retain • Incentivize with stock-based compensation and bonus eligibility Talent • Management training • Mobility between business units

Provide superior service and • High quality client service teams unrivaled software • Enhance products with emerging technologies (AI, Robotics, Blockchain)

Improve profitability across all • Judicious expense management • Reduce vendor dependency businesses and acquisitions • Set margin targets 24 Improving Profitability and Revenue and Driving Customer Satisfaction

Margin Profitability Improvements Improvement Revenue Growth

• Enhanced offerings related to regulatory solutions, • Facilities consolidation loan administration, middle/back office capabilities 900 bps GlobeOp • Slowed hiring in India office • Loan administration grew to $55 billion AUA • Regulatory solutions group has over 750 clients

• Achieved $45 million in cost synergies • Higher client satisfaction ahead of 3 year plan Advent 1,200 • Lower client attrition in the years post-merger • Increased R&D in core products, shut down • Signed multi-year contracts with fund administration initiatives that were not gaining traction bps Software Geneva clients • Location strategy for new hires

• In 2017, a large multi asset manager increased AUM Citi Alternative with Citi by $10 billion Investor • Eliminated 330 contract staff positions 4,000 • Won a $30 billion hedge fund • Exited 27 vendor relationships bps • Added $20 billion in assets from SS&C GlobeOp to Services the Citi client service team to leverage credit expertise 25 Improving Profitability at DST

Increase Revenue Decrease Expense

Significant Opportunity to X-sell solutions to Leverage Capabilities to Develop Solutions and existing clients Reduce Spend Representative X-sell opportunities that have already been • Reduce redundancies in development projects identified: • Leverage SS&C’s GoCheck/GoSell as a CRM solution • New Client to both orgs: $3.2mm joint opportunity for • Utilize Fund Services Portal as a client portal for ALPs DST AWD and SS&C BRIX products and reporting tool for Pharmacy • Existing DST client: $1-1.5mm for a Recordkeeping for • Expand SS&C Learning Institute in DST organization Institutional Cash Mgmt platform leveraging SS&C Tradex and Web Portal and DST TA2000 Leverage combined purchasing power to • SS&C prospect: $1.8mm deal for SS&C Geneva Fund reduce expense Admin/Accounting and DST TA2000 • Market data, Telephony, Significant Software providers 26 DST Integration Highlights

Key Milestones at DST since April 2018…

Client Outreach Employee Outreach Revenue Focus Expense Management

• 170+ client • Townhalls in Kansas • Weekly calls to • Headcount discussions City, London, discuss at-risk management • CMP program Boston, and clients, quarterly • Over $5,000 in Birmingham offices revenue, and expenses need to be • Options granted to pipeline approved by senior 6,900 employees • DST now using leadership GoSell

Focus areas going forward…

Build Sales Team Further Expense Complete Key and Culture Reductions Integration Activities 27 SS&C’s Acquisition of Eze Software

On October 1st, SS&C Technologies Inc. acquired Eze Software Group for $1.45bn in cash. Eze is a leading provider of software and trading solutions and technology services for hedge funds.

Overview Transaction Rationale

• Purchase price represents 13.8x FY2017 Further expands SS&C’s MarketTrader platform and EBITDA and 10.7x based on run-rate enhances SS&C’s front office capabilities synergies of $30mm • Immediately accretive to Adj. EPS for SS&C Both SS&C and Eze benefit from increasing before synergies regulatory burdens, globalization, digitalization and increased outsourcing • 1,000 + talented employees SS&C will be able to leverage its existing long only relationship to expand Eze’s offering into this market

Financially attractive transaction, with identified cost savings and cross-sell opportunities 28 Eze Software Acquisition Opportunities

Total 2017 Revenue 1. Sales force coordination and integration $280mm 2. Product bundling with Advent Software products, SS&C Singularity and Eze ~99% recurring OMS systems • Commercialize product bundles such as Eze OMS + Geneva and Eze OMS + Revenue by characteristic Singularity to drive more sales One-Time Subscription 1% • Improve technical integration Recurring 71% 3. Consistency in service model for mutual clients Usage-Based Recurring • Determine best account coverage and models to ensure a great client 28% experience 4. Hosting and Outsourcing • Offer managed services to Eze clients Revenue by client • Utilize SS&C’s data centers Other 5% 5. Identifying upgrade opportunities

Buyside • Moxy hedge funds to Eze 39% Sellside • Tradar PMA client to Geneva 56% 29 SS&C’s Acquisition of Intralinks

On September 6th, SS&C Technologies Inc. announced an agreement to acquire Intralinks for $1.5 billion, consisting of $1 billion in cash and $500 million in SS&C stock. Intralinks is a leading financial technology provider for the global banking, deal making and capital markets communities.

Overview Transaction Rationale

• Purchase price represents 10.9x expected 2018 Strong financials with top line growth of 8-9% adj. EBTIDA and 9.8x based on $15 million run- per annum, recurring revenues, and high rate synergies operating margins

• Immediately accretive to Adj. EPS for SS&C World class, secure technology that is before synergies, and leverage neutral leveragable throughout our enterprise • 800+ talented employees Clear cross sell and upsell opportunities with • The acquisition is expected to close in the fourth Intralink’s 4,500 bank, alternative, and blue quarter subject to clearances by the relevant chip corporate clients regulatory authorities and other customary closing conditions 30 Intralinks Acquisition Opportunities

Cross-sell opportunities at Intralinks 1. Sales force coordination and integration • Coordinate and expand global coverage Law Firms Alternative 2. Bring Intralink’s M&A deal management capabilities to SS&C clients Investments • Expands scope of SS&C offerings for Private Equity, Hedge fund, 5% 10% and Real estate clients • Offer Intralinks M&A offerings to additional SS&C financial services Banks 45% clients • Expands the global ecosystem of private and capital market 40% dealmakers served by Intralinks analytics and insights Corporate 3. Offer fund administration and managed services to Intralinks clients

• Determine best account coverage and models to ensure a great client experience 4. Integrate investor portal capabilities ~4,500 Clients • Provide Intralinks and SS&C fund reporting information through a common portal for investors • Integrate technology platforms PATRICK PEDONTI, CFO 32 High Margin Business Model

42% 42% 41% 41% $3,426 E $3,500 41% 41% 40% 40% • Strong Revenue performance and $3,000 high margin business model

$2,500 36%* • Q3 2018 Adjusted Revenue increased 139.0% to $1002.9 $2,000 million compared to Q3 2017 $1,683 $1,524 • Q3 2018 Adj. Con. EBITDA is $1,500 $1,248 E* $365.9 million, increased 104.6% $1,056 since Q3 2017 $1,000 $768 $713 $696 $612 • DST synergies implemented $553 $500 $371 $442 $329 $292 $320 $220 • $200 million annual run-rate $135 $151 $0 2010 2011 2012 2013 2014 2015 2016 2017 2018 E

Adjusted Consolidated Ebitda Adjusted Revenue EBITDA Margin

* Analyst Estimates 33 Adjusted Diluted EPS Since 2010 IPO

$3.00 $2.81 E • Driven by organic $2.50 growth, acquisitions, cost synergies, and $1.93 $2.00 deleveraging $1.64

$1.50 $1.33 $1.18 • 45.0% adj. EPS growth $0.99 in 2018 $1.00 $0.71 $0.54 $0.45 $0.50 • 25.7% CAGR since SSNC’s 2010 IPO $0.00 2010 2011 2012 2013 2014 2015 2016 2017 2018 E 34 Successful History of Deleveraging

Historical Leverage (reflected as net debt / consolidated EBITDA)

6.8x

4.8x 4.5x 4.2x 4.0x

3.0x 2.9x

1.5x

2005 (1) 2010 (2) 2012 (3) 2015 (4) 2015 (5) 2017 (6) Apr-18 (7) Q3 18 (8) Acquisition of 33 months Acquisition of 27 months Acquisition of 5 months post SS&C LBO SS&C IPO GlobeOp post GlobeOp Advent post Advent DST Systems DST Systems

(1) Balance sheet data and LTM consolidated EBITDA as of 9/30/05, as adjusted to (5) Balance sheet data and LTM consolidated EBITDA as of 9/30/15. give effect to the debt incurred related to the leveraged buyout. (6) Balance sheet data and LTM consolidated EBITDA as of 12/31/17. (2) Balance sheet data and LTM consolidated EBITDA as of 3/31/10. (7) Balance sheet data as of 4/16/18 closing of DST transaction. LTM consolidated EBITDA as of 12/31/17. (3) Balance sheet data and LTM consolidated EBITDA as of 6/30/12. Consolidated EBITDA assumes $150mm of identified DST synergies at 4/16/18. (4) Balance sheet data and LTM consolidated EBITDA as of 3/31/15. (8) Balance sheet data and LTM consolidated EBITDA as of 6/30/18. Consolidated EBITDA assumes $175mm of identified DST synergies at 6/30/18. 35 Leverage Guidance for 2018-2019

4.7x • 2019 FCF approximately $1.0 billion

• Capital expenditures range 2.6% - 3.0% of revenue

4.0x 3.9x – 4.0x • Dividends are $83.0 million a year

• Interest rate is LIBOR + 225/250 Actual 9/2018 Estimated 12/2018 Target 12/2019 Estimated leverage for Dec. 2018 Target leverage for Dec. 2018

Assumes: Assumes: - Eze Software debt of $875 million - All FCF used for debt pay-down - Intralinks close in Q4 2018, with - EBTIDA growth organically and debt of $1.0 billion from acquisitions 36 Revenue Distribution

LTM 9/30/18 Business Distribution LTM 9/30/18 Currency Exposure LTM 9/30/18 Geographic Distribution

Other $ AUD APAC Non-Recurring 4% 1% $ CAD 2% 2% 5% EMEA £ GBP 11% 18%

84% 77% 96% Americas Recurring $ USD

Other: € EUR, RM, ฿ THB, $ SGD, ZAR, ¥ CNY, $ HKD 37

Stable Revenue Streams with diverse pricing models

Pro Forma 2017 revenue(1)(2) • Alternatives primarily priced on Assets under Administration, with minimums Healthcare and fixed fee services 12%

Targeted • SS&C DST’s transfer agency falls under institutional/traditional, and is priced 3% Alternative by # of accounts and # of transactions Wealth 33% Management 7% • The remaining 50% of the business is a term license model with price $3.8bn increases at renewal Revenue • Predictable revenue streams with over 95% recurring revenue

• Sticky customer base, SS&C provides mission critical software and services Institutional / to the financial services and healthcare markets Traditional 45% • Client revenue retention 95% LTM

Performance During ‘08-’09 Recession

• DST’s operating revenues decreased from $1,143 • SS&C’s revenues dropped from $280 million in 2008 million in 2008 to $1,115 in 2009 a 4.8% decrease to $270 million in 2009, a 3.2% decrease • Advent’s revenues increased from $238 million in 2008 to $260 million in 2009, a 9.2% increase • The decrease in revenue is attributed to the shift from • SS&C’s revenue retention maintained 90% traditional transfer agency to sub accounting, FX • Advent’s EBTIDA margins increased 400 bps in this impacts, client attrition • Acquired Evare, Maximus, TheNextRound, and time period Tradeware in 2009 • Acquired Argus Pharmacy Solutions in March 2009 Q&A BREAK SS&C DST SYSTEMS

Mike Sleightholme, SVP and General Manager 41 SS&C DST Systems SS&C DST by the Numbers:

• SS&C DST is a global provider of technology-based information processing and servicing solutions • #1 market position in mutual funds with 58.3mm TA accounts • #2 market position in brokerage with 51.6mm subaccounts • Largest SaaS provider to the retirement industry with 7.2mm participants • Serves 23 of 25 largest asset managers • ~501mm pharmacy paid claims forecasted • 21.9mm covered lives under Health Solutions • Services some of the largest wealth managers in the UK and Australia

Overview of Offerings:

Domestic and Int’l Financial Services Healthcare Services

Asset/Fund Brokerage Retirement Wealth Mgmt Distribution ALPS Pharmacy Health Solutions Manager Solutions Solutions Solutions Solutions Solutions Solutions 21.9 mm 58.3 million TA 51.6 million Largest SaaS Servicing 23 of 25 Largest 43 Proprietary ~501 mm paid Covered Lives Accounts in US Subaccounts Provider Largest Wealth Asset Managers Products claims projected Mgmt Firm in for 2018 5.5 mm fund UK accounts in UK 42 DST Business Overview – Global Financial Services

Market Overview SS&C/DST Opportunities Our Key Focus Areas

• Clients seeking operating • Capitalize on increasing • Retirement Services – BPO leverage demand for outsourced BPO and SaaS • End-client engagement services • Robotics and AWD Workflow through digital and mobile is • Infrastructure as a Service • Create seamless global key • Leverage full suite of SS&C digital capabilities • Importance of data and tools to create custom • Creation of more integrated analytics solutions to meet client global TA services needs • Crowded and emerging • Expanding capabilities in wealth management market • Create operational efficiency data and analytics including through workflow automation across Health and Wealth • AWD sales across Health, Banking and other sectors 43 DST Business Overview – Healthcare Services

Market Overview SS&C/DST Opportunities Our Key Focus Areas

• Healthcare Administration is • Health Outcomes • Data and Analytics fairly mature but offers Optimization leveraging • Revenue management growth as payers seek to predictive analytics • Patient engagement focus on care management • Payment innovation/value and quality outcomes based constructs • Quality performance • Pharmacy Benefit Manager • Market disruption driving • Traditional – rebates, (PBM) consolidation with clients to look for neutral network, clinical programs players (CI/ESI, DVS, AET) alternatives • Pharmacy and Specialty Analytics SS&C GLOBEOP - HEDGE FUNDS

Ken Fullerton, SVP and Managing Director 45 SS&C GlobeOp - Hedge Fund Services

• SS&C GlobeOp is the leading Fund Administrator with over 1.6 Trillion in alternative assets under administration • Hedge Fund AUA: 830 BN • # of Hedge Fund clients: 1,500 • # of Funds: 7,400 • Onboarded 1,720 Funds since Q1 2017 • 814 funds added from new clients • 906 funds added from existing clients • 4,350 staff globally, management team has more than 20+ years average experience • Locations: 11 countries (US, Europe, Asia) / 30 offices

Overview of Offerings:

Investor Middle / Back NAV Tax Services / Regulatory Managed Services Office Solutions Production Audit Support Solutions Services 46 Market Analysis – Hedge Fund Services

Strengths Opportunities • Technology Ownership • Asia-Pacific Market • Comprehensive Service Offering • Managed Account Platforms • Global Footprint • Asset Allocators • Organizational Agility • Credit / Bank Loan Funds • Depth and Diversity of our Employees • Acquisition cross sells • Diversity of Client

SS&C Hedge Fund AUA ($bil)

$1,000 830 830 $800 781 707 715 633 660 657 594 $600 580 584 459 $400

$200

$0 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2015 2016 2016 2016 2016 2017 2017 2017 2017 2018 2018 2018 47 Key Initiatives

1. Data Aggregation Solutions

2. Outsourcing growth - MBO solutions

3. Technology – Artificial Intelligence SS&C GLOBEOP - PRIVATE EQUITY

Joe Patellaro, SVP and Managing Director 49 Business Overview – Private Equity Services

• Industry Pioneer in asset class that continues to grow • SS&C is the largest independent provider of Private Equity fund administration; Capital commitments of approximately $550bn under administration • Currently service ~370 clients and 2000+ Funds as of September 2018 • Onboarded ~500 Funds and related entities since the beginning of 2017 • Seasoned team; Private Equity business leadership are long-term industry professionals with approximately 13 average years tenure in the Private Equity Services business; Global team of more than 600 Private Equity professionals across 16 offices • Continued strong growth from Existing Clients in 2018 • Contractually recurring revenues with long-term fund structures and portfolios; predictable and stable revenue stream not impacted directly by market volatility Overview of Offerings:

Services Provided to Private Equity Fund Managers Services Provided to Investors

Fund Accounting & Investor Management U.S. Tax Services Portfolio Accounting & Portfolio Analytics Reporting Services Company Accounting Administration and look-thru & Reporting

Interconnectivity across the organization with other SS&C products and services 50 Private Equity Market – Continued Growth

Private Equity Funds in Market over Time  $4.3 Trillion in committed capital raised the last twelve years Q1 2016 - Q3 2018  Per Preqin a record of 3,037 funds are on the road as of the start 3,500 of Q3 2018, targeting $948b, a 52% rise in the number of funds raising capital compared to the beginning of Q3 2017, and a 40% 3,000 increase in aggregate capital targeted 2,500  Forbes magazine indicates that Private Equity fund sizes are at a

2,000 record high; the average fund size has nearly doubled in the past 6 years 1,500  Small to mid-market buyout funds continue to present best 1,000 opportunities according to investors

500  86% of investors surveyed by Preqin plan to maintain or increase their investments in Private Equity over the coming year 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3  53% of investors plan to increase their allocation to private equity 2016 2017 2018 over the longer term, a record proportion.

No. of Funds Raising Aggregate Capital Targeted ($bn) Source: Preqin, Source Preqin,2018 unless noted otherwise

“Private equity is expected to overtake hedge funds in the next five years as the largest alternative asset class”, Preqin said, which questioned 420 fund managers. Preqin predicts that the alternative assets industry, which includes private equity and hedge funds, will reach $14 trillion by 2023. Alternative assets weighed in at $8.8 trillion at the end of 2017, Preqin said. "If anything, we believe that $14 trillion is more likely to be too low than it is to be too high," said Mark O'Hare, Preqin's CEO, in a statement.” 51 Market Evolution

“Given the illiquid and long-term nature of private equity, change within the asset class can sometimes appear somewhat slow paced; however, we are probably in a period when there has never been so much change.” Preqin Target Profiles Why SS&C  Global reach  Minimal internal infrastructure…people and systems Emerging  Technology and services needs; Fund Administration, Management Company and Tax  Size, scale, ability to grow rapidly Managers /  Heavy reliance on service provider  Technology Small Firms  Successful relationships early on represent long-term clients ‒ Ownership of broad array of components  Larger firms with 20-60 employees; some infrastructure and systems ‒ Transparency and Reporting Middle Market  Have recently launched latest vintage fund (eg. Fund III or IV); $1B - $9B CCUM ‒ Platform flexibility Firms  Wide array of growing regulatory and investor requirements ‒ Investor Reporting  Inflection point between finance and principals on optimal solution to take the firm forward  Breadth of entities we can support  Large organizations in industry for many years; predominately self-administered beyond Fund Large Private  New product types and relationships may drive need to evaluate third party administration  Innovation leader as industry matures Equity Firms  Data is key!  Ability to transact  Cost constraints as firms grow and potentially receive investment or go public  Seniority and longevity of  Large portfolios of private equity fund investments requiring granular tracking management team Allocators/  Asset Manager relationships such as Fund of Ones and SMAs Investors  Ability to deliver broad array of  Insurance Companies, Advisors, Family Office, Pensions, SWFs financial services products 52 Key Initiatives – Private Equity Services Maximize Growth

1. Expand relationships with existing clients ‒ Tax, Treasury and Portfolio Analytics ‒ Management Company

2. Solutions for large Private Equity Firms ‒ Consultative approach ‒ Solutions for data

3. Middle Market Private Equity shift to third ‒ Client access to information; comfort with model party administration ‒ Investor focus on reporting and standards

4. Products and services aimed at front office ‒ Portfolio Analytics for Allocators ‒ Packaged solutions with Intralinks

5. Industry connectivity and client access- ‒ Geographic coverage DST, Eze and IntraLinks ‒ Increasing opportunity to cross sell to clients SS&C GLOBEOP - REAL ASSETS

Bhagesh Malde, SVP and Managing Director 54 SS&C GlobeOp – Real Assets

SS&C GlobeOp Real Assets by the numbers (as of 9/30/18):

Dedicated Real Assets division established in 2017 focusing on servicing Real Estate, Infrastructure & other Hard Asset funds

• 100 clients • Real Asset Division Growth in 2018: ‒ 18 new clients added 171 fund level entities YTD September 2018 ‒ 23 existing clients awarded new business in 2018 ‒ 50% revenue growth (Q3 2017 – Q4 2018) • Expansion in North America and EMEA with new teams in Atlanta, Boston, Los Angeles, London and Mumbai • Hired more than 80 additional experienced professionals to service new business • Operating model augmented with capabilities of SS&C internal partners

Overview of Offerings

Accounting Treasury Investor Tax Compliance & Regulatory Services Services Services Services Services 55 Market Opportunity – Real Assets

Real Estate AuM (USD bn) Growth of BDC's Real Estate Fund Outsourcing 2000 100 • Global investment rose 18% in the 12 90 1500 months to June 2018 80 1000 70 • Investment at record $1.8trn1; $500bn is 60 500 private capital2 50 40 0 • Most administered in-house 30 20 • Managers outsourcing to focus on real 10 DRY POWDER UNREALIZED VALUE AuM estate investing, investors, and cost3 0 pre- 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Source: Preqin Market Data 2005

Traded Non-traded Private

Open-Ended Real Estate Fund Launches Open-ended funds4 2001 - 2017 • 600% growth in the number of active Business Development Companies5 600 funds from 2001 to 2017 500 • Aggregated assets of over $90 billion 400 • US and UK managers dominate the • 64 BDC’s added since 2010 space 300 • BDC’s were managed internally historically with 200 outsourcing increasing over the last decade 100 0

Funds in market Funds launched Funds Liquidated 1Cushman & Wakefield Capital Markets Report: WINNING IN GROWTH CITIES 2018/2019 2Preqin Market Data 3KPMG, Real Estate Fund Administration 2.0, Insights from the 2018 outsourcing survey 4 2018 Preqin Global Real Estate Report 5 2018 BDC Roundtable, Eversheds Sutherland 56 Key Initiatives

1. Continue targeting Real Estate managers with in-house administration

2. Continue to support new managers in launching new funds

3. Organically grow with existing clients as fundraising continues

4. Leverage SS&C relationships

5. New product development to focus on BDC market opportunity

6. Pursue opportunities outside of North America INSTITUTIONAL AND INVESTMENT MANAGEMENT

Christy Bremner, SVP and General Manager 58 Institutional & Investment Management (I&IM)

SS&C I&IM by the Numbers:

• I&IM is a global provider of financial investment software and services to Investment Managers and Asset Owners • 1,300 client relationships in 57 countries • Diverse customer base using front to back office solutions with 60% of clients outside of the US • 70% of top Insurance companies • 85% of top Asset Managers • 70% of Third Party Administrators in Australia

Overview of Offerings:

End Client Engagement and Communications Middle To Back Office Operations

Client Engagement Enterprise-wide Performance Portfolio Data Aggregation Reconciliation Portfolio and Portals reporting Measurement Management Accounting 59 Investment Management Market Analysis

Consolidation and competitive differentiation cut across all segments

Wealth Management Asset Management Insurance

Global AUM $85T, Global AUM $79T, Global AUM $32T, growth 6%1 growth 12%2 growth 6%3

Key drivers: Key drivers: Key drivers: Accumulation of wealth • Supporting local markets with global • Growth of alternative investments Expansion of investment types operations • Cybersecurity, operational and regulatory Increased client centric reporting and client • Tools to justify active management risk self service • Compliance and regulation • SaaS and outsourcing

1. 2016- 2025 projected growth. Source: ”Asset & Wealth Revolution: Embracing Exponential Change: PWC. 2. 2017. Source: Boston Consulting Group, “Global Asset Management 2018: The Digital Metamorphosis” 3. 2018 AUM, USD in trillion. 2012-2020, projected growth. Source: “PWC Asset Management 2020: A Brave New World”, page 9. 60 Key Initiatives

Continued focus and investment in Strategic Accounts driving expanded solution set within existing customers; • Products & Services • Hosting and Outsourcing

New customer acquisition focus in key areas • Solutions that drive customer engagement; communication, retention and growth • Wealth and Asset management with broad solution set

Continued product/solution investments that will drive the above short and long term • Product integration of offerings for Wealth, Insurance and Asset Management • Leveraging key technology advancements to enable operational efficiency, elimination of manual activities and provide better insights for users ( AI, bots, natural language processing, user behavior analytics, machine learning and automaton) SS&C ADVENT

Rob Roley, SVP and General Manager 62 SS&C Advent Overview

• Advent Software (ADVS) was acquired by SS&C in 2015. Added Acquisitions of Salentica in 2016 and Modestspark in 2017 • Over 4,000 buy side clients across three main market segments • Approximately 80% of existing business and 70% of new business from US market • Operate in several different market segments and geographies with different competitive sets and macro trends • R&D investment in new products to increase win rates, drive larger new opportunities and expand within existing clients • Service and Sales focus on maintaining high 90’s renewal rates and increasing win rates with same/shorter sales cycles • Continued focus on cross sell of other SS&C solutions into Advent client base

Offerings by Segment:

Wealth Management & Advisory Asset Management Alternatives

Black Diamond Modestspark & APX, Moxy Tamale Geneva Syncova Wealth Platform Salentica Genesis Suite Research Global Investment Margin and Accounting, Reporting, Digital Client Integrated Front, Management Accounting Finance solution Investor and Advisor Engagement Middle and Back for brokers and Experience and CRM office Solution funds

Data, Outsourcing and Technical Managed Services 63 Wealth Management & Advisory

Market Landscape & Strategy

• Independent RIA Market has been growing over 10% CAGR for last 5 years (2017 Cerulli US RIA Report) ‒ Driven by wirehouse breakaway trend and aided by platforms and private equity capital, share of advisor managed assets with independents grew from 15% to 23% from 2006 to 2016 ‒ Attractive market dynamics attract a lot of players – competition in this market is fierce

• Vast majority of new independents are small to medium sized (<$1B AUM) and cite primary challenges of running a business, compliance, technology and ops

• Our build/buy/partner strategy of providing a leading technology and service ‘suite’ to this market has resulted in increased win rates and tech wallet share

• Our current market share of ~15% of addressable market* leaves ample headroom for growth 64 Asset Management

Market Landscape & Strategy

• Overall market has been stagnant with few bright spots (ETF managers, Middle East market)

• Consolidation creates opportunities for SS&C via “bake offs” where we continue to have high win rates

• How asset managers adopt technology continues to trend to the cloud and more managed services – our flexibility is a differentiator

• Our growth is driven by a combination of several factors: ‒ Focus on Client Satisfaction and NPS Drives Continued Strong Renewal Rate Trends and word of mouth lead generation ‒ Expanded services, including SAAS offerings and outsourced and co-sourced operational services ‒ International growth, particularly in MENA ‒ Genesis: new solution for Portfolio Managers that brings the Advent suite to the front office 65 Alternatives

Market Landscape & Strategy

• Continue to see blurred lines between alternative strategies and 15 of the Top between alternatives and asset management 30 Hedge 22 of 25 Funds by Largest • This trend creates demand for solutions that can accommodate AUM use Prime any global strategy within different vehicles and across Geneva Brokers jurisdictions and accounting regimes

• Our focus with Geneva continues to be on deep expertise and best of breed solution for portfolio management and investment and investor accounting ‒ Recent Focus and wins in Closed End Hybrid Funds, Private Debt, Institutional Managers with Complex Investment Requirements

• We augment the core Geneva platform with add on capabilities around data management and governance (Advent Lumis), data 50+ Global access and reporting (Geneva EIS), financing and margin 41 Fund Asset optimization (Syncova) and outsourced managed services Administrators Managers (Advent Outsourcing) with Over $2T total AUM SS&C EZE SOFTWARE

Jeff Shoreman, SVP and General Manager 67 SS&C Eze Business Overview

Global provider of best-in-breed software solutions and technology services designed to maximize investment and operational alpha Serving 1900+ alternative & for the entire institutional investment community. traditional asset managers » More than 9,500 users in 50+ countries » 75% hedge funds, 25% traditional/long-only Eze Order Management (Eze OMS) » ~40% of hedge funds with over $10b in AUM Enterprise solution features portfolio » Asset managers with over $1T in aggregate analytics, trading, compliance, order management. AUM use Eze » Supports all assets and strategies: long/short, Eze Execution Management (Eze EMS) credit, macro, long-only, pension, institutional, Trader-focused solution features high- speed execution platform with access to ETFs. & more liquidity venues/integrated market data Hosted, On » 750+ brokers/partners as trading destinations Premise, Eze Portfolio Management & Multi-Tenant Accounting (Eze PMA) SaaS Middle/back-office solution features 1,100+ Professionals Globally portfolio accounting, reporting, and investor-level accounting » 14 locations / 5 continents » Deep FinTech experience Eze Eclipse Average management tenure: 8+ years Native, born-in-the-cloud investment » platform to manage the entire investment » Founded in 1995 process. » SS&C acquisition closed on October 1st 68 Market Analysis

Hedge Fund AUM and Net Asset Inflows 1990-Present Projected Total IT Spending in OMS and EMS Segment, $3,244 $2,845 $3,018 4 $2,252 2007 to 2019E (In $b) ~6.5% CAGR $1,917 $3,211 $2,897 1.8 $1,465 $1,407 $2,628 1.7 $973 $626 $2,008 1.6 $375 $491 $1,868 $1,600 1.5 $96 $167 $257 1.4 $39 $1,105 1.3 $… $820 $194.5 1.3 $168 $368 $456 1.1 1.2 $58 $186 $126.5 1.1 $91.4 $99.4 1.0 $70.6$73.6 $70.6 $63.7$ 76.4 0.9 $57.4 $55.3 $46.5 $46.9 $55.5 $43.8 $27.9$36.9 $23.3 $34.4 0.9 - $8.5 $14.7 $4.4 $9.8 0.9 0.8 0.8 0.9 0.7 0.8 0.7 0.7 0.6 0.6 0.5 0.5 0.4 90 92 94 96 98 00 02 04 06 08 10 12 14 16 YTD '18

($1.1) 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018E 2019E Estimated Asset Flow ($b) ($11.1) ($70.1) OMS EMS ($131.2) Source: Aite Group (2018) Source: Hedge Fund Research ($154.4)

Asset Management Technology Market Continues to Grow Hedge Fund Environment » Overall FinTech market ($48B) expected to grow 4-5%* annually » Despite recent macro environment, long-term hedge fund growth has been strong » OMS/EMS segment continues to grow at ~6.5% CAGR » Recent combination of low market volatility and net outflows of assets has been a headwind » Drivers of growth: compliance requirements, regulation, demands for transparency, and » SS&C Eze client trading volumes partially correlated to volatility and overall market volumes complexity of investment strategies » Reversal of these cyclical headwinds will provide opportunity to accelerate growth » SS&C Eze well positioned to take advantage of convergence of asset management technologies and services

* Based on 2018 Ovum Financial Markets Technology Spending Through 2022 69 Key Initiatives 1. Accelerate Eze Eclipse

• 55 clients following limited market release • Further expansion into start-up/mid-size segment and new geographies

2. Continue expansion into traditional/long-only segment

• Currently represents ~25% of revenue • Opportunity to accelerate as part of SS&C

3. Cross-sell with SS&C

• Highly complementary offerings in front-office/back-office technology and fund administration

4. Continue margin expansion and synergy realization

• Targeting $30m in synergies over next 3 years • Increased margin by 10% over last 5-year cycle leveraging Hyderabad center, transition to agile, scale of client service terms INTRALINKS

Leif O’Leary, SVP and General Manager 71 Intralinks: Market Leader with a Strong Track Record of Execution Company Overview

• Intralinks is a SaaS, cloud-based FinTech provider for deal making, capital markets and global banking. • We facilitate strategic initiatives like mergers and acquisitions, capital raising and investor reporting by enabling and securing the flow of information • Market leader with over 4,000 active customers and a blue chip customer roster which includes 99% of the Fortune 1000 • Leading innovator in financial technology • Consistent track record of delivering profitable growth • 800 employees in 15 countries around the world Intralinks Solutions

M&A Due Capital Investor Debt Regulatory Customer Diligence Raising Reporting Financing Reporting Journey 72 Market Overview

Intralinks for Alternative Intralinks for Banking & Intralinks for M&A Investments Securities

Banking & Securities: Segment TAM PE / RE Estimated Addressable IT Spend ($M)

92.5 97.7

Debt Capital Markets ~$470M ~$2.6B Customer Journey TAM Secure Collaboration

277.5

• Low levels of inflation • LPs pushing for data and transparency in • Automation and AI changing competitive • Low interest rates / favorable debt market reporting differentiation across the banking landscape • Record levels of private equity dry powder • More PE firms using fund admins • Ongoing regulatory change/uncertainty results • Deal-hungry corporate acquirers • Record year for PE fundraising in constant recalibration risk • Cross-sector tech adoption driving M&A • Firms raising more capital across fewer funds • WM becoming pivotal to banks’ revenue and is • Increase in LPs direct investing becoming more tightly integrated w/ some key cap market products

Information Security & Governance market requirements: • Data privacy and security is more paramount than ever; key is to product but limit impact on productivity • Blockchain considerations for transparency and validation of audits • Use Artificial Intelligence to proactively identify risks • Compliant reporting of all data room activities delivered in an on-demand, complete, and compliant fashion • Mobile device usage continues to grow…markets want more features/capabilities 73 Key Initiatives

Innovation, Focus and Leverage: Transforming the Future of Intralinks

Focus on Core Markets • Mergers & Acquisitions • Alternative Investments • Banking & Securities

Build a Culture of Innovation • Artificial Intelligence Center of Excellence THE NEW INTRALINKS • Global Innovation Programs

Increase Operational Leverage • System & Process Optimization • Infrastructure Modernization • Follow-the-Sun Global Sourcing Strategy TECHNOLOGY STRATEGY

Anthony Caiafa, Chief Technology Officer 75 Technology @ SS&C Core Focus

Infrastructure Datacenters Security Innovation 76 Data Centers

Global datacenter footprint expansion • Increased space for customer co-location & managed hosting • Additional capacity for private cloud expansion • State of the art critical infrastructure • Start of the art security • Increased global footprint and redundancy 77 Security

• Implementation of global SOC/SIEM • Additional threat intelligence feeds • Usage of ML(machine learning) against threat data • Increased intelligence for internal/external vulnerabilities • Increased Network & Host level control granularity • Expanded Red Team / Blue Team exercises and practices • Expanding already robust vulnerability management and remediation policies 78 Infrastructure Innovation

Private Cloud R&D

• Capacity upgrades globally • New Data Science as a Service product • Increased customer hosting capacity for offerings quicker TTM • Big Data ETL analytics engine product • Self service quota management portals offering • Enhancements on per VM alarming and • API interaction focus for customers metrics accessing data • Mutli-cloud Orchestration integrations • New PaaS to speed up TTM SS&C SINGULARITY

Norm Boulanger, Vice Chairman Scott Kurland, Managing Director 80 What Is SS&C Singularity?

Continuously improves efficiency, accuracy and transparency by: The first smart investment • Learning from user behavior on the fly operations and • Proactively managing event workflows accounting • Optimizing relevant data views system • Monitoring user & counterparty productivity 81 Why is Singularity needed?

Industry Challenges with Singularity Competitive Current Solution Providers Advantages

• Dated & inflexible architecture • Cloud, web-enabled, microservices • Heavy manual intervention architecture • Numerous custom workarounds • Automated workflow through machine • Batch-based processing learning & robotics • Long and painful release cycles • Flexible workflow-based rules engine • Disparate data stores • Real-time operations & accounting updates • Siloed functionality by asset class • Agile development and rapid deployment • High operating costs model • Unified database & interface across asset classes • Reduced total cost of operation 82 Key Singularity Accomplishments to Date

Product Development Market Penetration Client Conversions

• Created middle office, • Contracted with market • Production migration of first operations and n-basis leading insurance company asset management client accounting support across for Singularity conversion from CAMRA multiple asset classes assessment • Multiple Hedge, Insurance, including Fixed Income, FX, • 40+ NA & UK sales Pension & REIT clients Equities, Exchange Traded presentations in Q3-Q4/18 moved from testing to and OTC Derivatives via soft launch parallel processing • Leveraged AI, Robotics & • Ongoing pursuits with • Construction of “sandbox” Machine Learning to market leaders across environment for key improve efficiency and multiple sectors insurance client data automation • 10+ debriefings with key • Material operational • Implemented actionable industry analysts & efficiencies demonstrated monitors to remedy consultants accounting and operational anomalies 83 Key Revenue Drivers

1. Significant upgrade path for existing clients

2. Natural upsell opportunity for outsourcing services

3. Ability to outsell major competitors (Eagle, Simcorp, Clearwater, Citco, State Street, SAP, Sungard, etc.) on new opportunities

4. Enhanced opportunity to collaborate with key industry analysts and consultants on operational transformation initiatives Q&A