Company Profile
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Asseco Company Profile. Table of contents. From a startup to a global IT company ……………………………………... 3 Software which changes reality ………...……………………………...…. 4 We are an international federation of companies ………………... 5 Our strength lies in people …..…………………………………………………… 6 We create value for our shareholders …..………………..……………………….. 7 We are an expert in various sectors ……………………………………….. 8 Banking …..…………………………………………………………………. 10 Payments …………………………………………………………………… 10 Insurance …………………………………………………………………… 11 Public Administration …..…………………………………………… 11 Healthcare …………….…………………………………………………… 12 Defense and Uniformed services ………………………… 12 Energy and Gas ………………….…………………………………….. 13 Telecommunication and Media …………………………………… 13 ERP solutions ………………………………………………………………. 14 Business Intelligence ………………………………………………… 14 Cloud services ……..……………………………………………………. 15 Security ………………..……………………………………………………… 15 Our values …….……………………………………………………………………………… 16 Why Asseco? ……..……………………………………………………………………….. 17 2 From a startup to a global IT company. When I established one of the first IT startups in Poland almost 30 years ago, I believed that software was the future of IT. When I established one of the first IT startups in Poland tive to large IT corporations. The Group's companies 80 of them. We have been constantly strengthening As a leader I have been lucky to have met the right almost 30 years ago, I believed that software was do not only share similar business objectives, but also our competencies and looking for innovative solutions people while building our Group. I am thinking of a team the future of IT. That is why I decided to build a strong a vision, values and partnership relations. We focus – only in 2019, we allocated nearly EUR 210 million of hard-working people who believe in the sense of Polish software company. I knew very well that such on freedom of action, entrepreneurship and excellent to R&D. As a result, we are able to create modern and what we do and have taken up many challenges which companies were successful in other countries, espe- knowledge of local markets. innovative products which are appreciated by customers seemed unfeasible at first. However, we would not cially in Western Europe and the US. from all over the world. become the leading software producer in Europe without We take a responsible approach to business – we pay the trust of our customers and business partners. During the first several years of our activity we focused taxes at our revenue-generating locations and support We are a stable company which has been creating on intensive development in Poland, which was marked local communities. I am convinced that such a business value for its shareholders for years. In 2019, the sales by Asseco Poland's debut on the Warsaw Stock Exchange model allows for long-term, stable development revenues of the Asseco Group reached nearly in 2004 – that was a turning point for the company. in the modern world. EUR 2.5 billion, out of which 89% were generated It helped us to raise capital for further development and from international operations. The growing share expansion abroad. Today, Asseco is not only the largest IT company of companies from outside Poland in the Group's total in Poland and Central and Eastern Europe, but also revenues and cross-sector diversification confirms This is how the project of building the Asseco Group a global player which is present in over 55 countries. the effectiveness of our development strategy. Adam Góral began – our aim was to establish an international We have been developing both organically and President of the Management Board of Asseco Poland federation of companies, which would be an alterna- through acquisitions – since 2004, we have made over 3 3 Software which changes reality. The Asseco Group is present everywhere where technology and business impact everyday life. We are a federation Our systems are used by banks, energy and telecommunication companies, the public sector and the health of companies which operate worldwide. It is led by Asseco Poland, which is one of the first startups established care service. We know that we cannot fail and we take full responsibility for projects that we implement. in Poland. In this way, we have been building the trust in Asseco and its value for many years. We believe that together with our customers we can improve the comfort of many people. We use our compe- We have been constantly improving our competencies and investing in research and development because tencies and experience to create software which has a real impact on the present and the future. the most important thing for us it the success of our customers. Such an approach to business has enabled us to become the market leader in Poland, Israel, South-Eastern Europe and Central Europe. Nearlyprawie Over Our companies are listed on EUR billion the Warsaw Stock Exchange, One of the biggest software 2 mld2.5 NASDAQ and the Tel Aviv 80 producer in Europe inpr zrevenuesychodu Stock Exchange acquisitions inw 20120159 r. since 2004 We are present We employ Including almost in over Nearly + 27,200 5,200 30 years 55 EUR 210 people in R&D of experience countries million on R&D in 2019 4 We are an international Asseco is a global federation of companies, in which the principles of partnership and cooperation and the ability to operate effectively on local markets are important. We have an excellent understanding of federation of companies. the specificities of the countries we operate in. We create products that are recognizable and trustworthy, which, combined with the knowledge of our customers and their markets, enable us to successfully implement even the most important projects. We are committed to a responsible approach towards our employees, customers, contractors, and the countries our companies operate in. 5 Our strength lies in people. Adam Góral Founder and the President of the Management Board, Asseco Poland Jozef Klein Chief Executive Officer, Asseco International Guy Bernstein Chief Executive Officer, Asseco Chief Executive Officer, Formula Central Europe Systems Rafał Kozłowski Vice President of the Management Zbigniew Pomianek Torben Falholt Board, Asseco Poland Vice President of the Management Chairman of the Supervisory Board, Daniel Araújo Member of the Management Board, Board, Asseco Poland Asseco Denmark Chief Executive Officer, Asseco PST Asseco International Marek Panek Vice President of the Management Piotr Jeleński José Antonio Pinilla Lozano Board, Asseco Poland Przemysław Sęczkowski 6 President of the Management Board, Management Board Consultant, Member of the Management Board, Member of the Management Board, Asseco South Eastern Europe Asseco Spain Asseco International Asseco International We focus on continuous growth We create value of our financial results. for our shareholders. CAGR 2012-2019: 9.4% Revenues 2,186 2,480 1,734 1,813 2,049 (EUR million) 1,325 1,373 1,488 It was a debut of Asseco Poland on the Warsaw Stock Exchange (WSE) in 2004 which made it possible to 2012 2013 2014 2015 2016 2017 PF* 2018 2019 develop an international IT company. At present, we are the largest Polish IT company listed on the WSE * Data including Formula Group results for August and September 2017 and are included in the WIG30 Index. Today, the Asseco Group companies are listed on stock exchanges not only in Poland, but also in Israel and CAGR 2012-2019: 6.4% the US. This translates into the transparency of our business and focus on the effectiveness of undertaken activities. As a result, we constantly create value for our shareholders. EBIT 280 non-IFRS** 181 166 176 203 202 193 246 (EUR million) 2012 2013 2014 2015 2016 2017 PF* 2018 2019 * Data including Formula Group results for August and September 2017 ** Non-IFRS figures including adjustments for amortization charges on intangible assets recognized in purchase price allocation (PPA) as well as for the costs of share-based payment (SBP) transactions with employees Shareholders structure of Asseco Poland: 22.95% Market Asseco Poland capitalization 1.3 billion 9.9996% 52.29% Reddev Investments Limited* all subsidiaries listed 5.1 billion on exchanges* AVIVA OFE NN OFE 9.74% Adam Góral Other shareholders 5.03% EUR* Data as at July 15, 2020, market capitalization of 100-percent subsidiaries of Asseco Poland * Holding shares directly and indirectly through Cyfrowy Polsat S.A. and in connection with the concluded Agreement of 27 December 2019 according We consistently execute to art. 87 section 1 item 5 of the Public Offering Act EUR 57.5 m EUR 57.9 m EUR 57.1 m EUR 58.9 m EUR 59.8 m our dividend policy. EUR 57.0 m EUR 51.3 m EUR 47.9 m Nearly EUR 580 milion EUR 41.1 m Tel Aviv Stock in dividends paid Warsaw Stock NASDAQ, EUR 35.0 m Tel Aviv Stock Exchange: Exchange: EUR 24.4 m Exchange: EUR 19.8 m EUR 8.7 m ■ Asseco Poland ■ Formula Systems ■ Matrix IT EUR 0.15 EUR 0.29 EUR 0.34 EUR 0.45 EUR 0.53 EUR 0.58 EUR 0.62 EUR 0.69 EUR 0.72 EUR 0.69 EUR 0.71 EUR 0.72 EUR 0.69 DY: 1.8% DY: 2.6% DY: 3.5% DY: 4.6% DY: 5.1% DY: 5.9% DY: 4.8 % DY: 5.4% DY: 5.4% DY: 6.7% DY: 6.0% DY: 4.1% ■ Asseco Business Solutions ■ Sapiens International DY: 0.9% ■ Asseco South Eastern Europe ■ Magic Software 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 7 We are an expert Specialization in various sectors. in key sectors. The Asseco Group develops innovative IT solutions which have a real impact on the reality around us. Our products and services increase comfort and safety of millions of people around the world. We use our cross-sector and international know-how and experience to meet the ever-growing expectations of our customers. Thanks to this, we have been successfully improving the performance of hundreds of compa- nies and organizations all over the world.