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Microsoft Powerpoint Financial results for the first half of 2010 Warsaw, 30 August 2010 Agenda Summary of the first half of 2010 Financial results for the first half of 2010 Operating activities Acquisitions 2 Financial highlights 1H 2010 – consolidated* +2% +3% +1% +1% +16%+45% * figures in PLN millions 3 Breakdown of sales revenues 1H 2010 – consolidated by products* by sectors* Proprietary software and services 970 / 67% Banking and finance 489 / 34% Third -party software and services 213 / 15% Enterprises TOTAL TOTAL 471 / 32% 1,452 1,452 Hardware and infrastructure Public 264 / 18% administration 492 / 34% Other 5 / 0% * figures in PLN millions / as percentage of total sales in 1H 2010 4 Financial highlights 1H 2010 – standalone* +25% +30% +16% +14% +49% * figures in PLN millions 5 Breakdown of sales revenues 1H 2010 - standalone by products* by sectors* Proprietary software and services Banking and finance 414 / 71% 226 / 39% Enterprises 79 / 14% Third-party software and services TOTAL 126 / 22% TOTAL 586 586 Hardware Public and infrastructure administration 41 / 7% 281 / 48% Other 4 / 1% * figures in PLN millions / as percentage of total sales in 1H 2010 6 Other information Financial liquidity* Asseco Poland The Asseco Group Short- and long-term debt (5.8) (98.2) PLN millions ACP 225.2 ASEE 110.8 Cash and cash equivalents 510.1 ACE 72.3 225.2 ABS 36.7 ANE 12.0 Cash – debt 219.4 411.9 ADACH 7.3 Other 45.8 Accounts receivable 212.4 561.0 Accounts payable (208.2) (433.0) Inventories 7.6 49.7 Operating balance 231.2 589.6 * figures in PLN millions; as at 30 June 2010 7 Other information Market expectations for 1H 2010* - consolidated data +2% +9% +7% * figures in PLN millions; as at 30 August 2010; Consensus – average forecast for 1Q and 2Q 2010 from 12 brokerage houses 8 Agenda Summary of the first half of 2010 Financial results for the first half of 2010 Operating activities Acquisitions 9 Operating activities Major events Issuance of shares Other events Number of shares issued – 3,878,27 7 Merger with ABG – 4 January 2010 Total number of shares subscribed IT Services Centre – project co-financed – 6,108,429 from the EU funds in the amount of Proceeds from issuance – PLN 209.4 million PLN 36 million over 2 years Allocation of shares – 17 May 2010 Preparation to the merger with Asseco Registration of share capital increase and Systems – planned to take place on cancellation of treasury shares – 10 June 3 January 2011 2010 Project for construction of the office Introduction to public trading – 21 June building in Wilanów – selection of the 2010 crediting offer and the general contractor Dividend payment – PLN 1,47 per share 10 Operating activities New contracts signed Public Administration and Capital Market Division Investment House of BRE Bank – agreement for supply of ePMI 2.0 system (new efficient SOA platform for brokerage services provided by mBank and MultiBank) and agreement for implementation of mPROMAK system (mobile platform for stock exchange investors). Brokerage House of Bank PKO – agreement for delivery of PROMAK, ePROMAK, and SOBOS systems with respect to adjustment to the EU MIFID Directive. Deutsche Bank PBC – agreement for supply of PROMAK Portfolio system along with software maintenance services. Key Enterprises Department Impel IT – agreement for maintenance services for the SAP Integrated Information System used by the Impel Group, including in particular SAP ERP, HCM, CRM and BW modules. Południowy Koncern Węglowy (coal mining company of the Tauron Group) – agreement for implementation and maintenance of the information system to support coal sale processes (SAP ERP and BW). Eiffage Budownictwo Mitex (construction company) – agreement for upgrade of Microsoft Dynamics AX software to version 2009. Grupa Lotos (oil company) – addendum to the framework agreement for development of the integrated information system for the Lotos Group. 11 Operating activities New contracts signed Agriculture Division Agricultural Property Agency – agreement for provision of technical assistance and maintenance to support the Integrated Information System in the period from 5 January 2010 till 31 December 2010. Healthcare Division SPZOZ, Tomaszów Lubelski – agreement for comprehensive informatization of the hospital. SPZOZ, Drezdenko – agreement for extension of the InfoMedica information system. L. Perzyna Regional Polyclinical Hospital, Kalisz – agreement for extension of the InfoMedica information system. National Healthcare Fund, Warsaw Department – agreement for provision of subscription services for the IT system supporting the NHF activities. 12 Operating activities New contracts signed Power and Gas Industry and Municipal Utilities Division Vattenfall Business Services Poland – agreements for implementation of proprietary systems (EnergOs, SatOs), for maintenance of the EnergOs system, and for sale of the EnergOs software licenses. PGNiG (gas distribution company) – agreement for centralization of legacy billing systems. PGNiG, Pomeranian Gas Distribution Division – agreement for maintenance of the JUPITER billing system. Enion (power distribution company) – agreement for maintenance of HandelMax billing system. PSE Operator (power distribution company) – agreement for development of an automatic LAN network passporting system. SPEC Warsaw (heating energy company) – agreement for sale of the billing system software licenses. ZWIK Szczecin (waterworks and sewage utility) – agreement for sale of software. Telecommunication Division Framework agreement for execution of IT projects for one of the top 3 mobile operators. Telekomunikacja Polska – framework agreement concerning the billing and reporting systems. 13 Operating activities New contracts signed Commercial and Cooperative Banks Division Bank Ochrony Środowiska – agreement for maintenance services on the new def3000/REB electronic banking system. Getin Noble Bank – agreement for supply and implementation of the data archiving modules def3000/CB-ARC and def3000/GL-ARC. Kredyt Bank – agreement for extension of the Financial Operations Control System with the functionality to record taxes (REPO). Deutsche Bank PBC – agreement for implementation of the def3000/IAS system for calculation of write-downs and reserves (according to IAS 39 and IAS 37) inclusive of the analytical records. Banco Espirito Santo de Investmento (BESI) – agreement for sale of licenses, implementation and maintenance of systems: def3000/CMR (mandatory reporting to the financial supervision authority), and def3000/AML (anti-money laundering). Bank Pekao – agreements for maintenance of the Cash Circulation Monitoring System, and for upgrading and optimization of the bank's SARA reporting system. 14 Operating activities Backlog of orders for 2010* Consolidated 83% 87% Standalone 106% 108% * Comparison of the 2010 orders backlog against the actual results achieved in 2009; figures in PLN millions; as at 30 August 2010 15 Agenda Summary of the first half of 2010 Financial results for the first half of 2010 Operating activities Acquisitions 16 Acquisitions Completed acquisitions Globenet EST Country : Hungary Country : Turkey Sector : Healthcare Sector : Banking and Finance Profile : Software and services for Profile : Software and services the medical sector for settlement of internet Equity interest : 60% transactions paid by credit cards Price : EUR 7.8 million Equity interest : 99.9% Results for 2009 (in mEUR): Price : 2.5 mln EUR Sales revenues: 3.0 Results for 2009 (in mEUR): Net profit: 0.2 Sales revenues: 1.9 Net profit: 0.2 Necomplus ITD Country : Spain, Portugal Country : Turkey Sector : Banking and Finance Sector : Banking and Finance, Profile : Software and services Telco, Enterprises for POS terminals and Call Centers Profile : Automation of voice Equity interest : 65% services Price : EUR 8.3 million Equity interest : 99.7% Results for 2009 (in mEUR): Price : 6.1 mln EUR Sales revenues: 11.0 Results for 2009 (in mEUR): Net profit: 1.2 Sales revenues: 7.9 Net profit: 0.7 17 Acquisitions Necomplus Group The Group incorporates 5 companies : Financial Results Necomplus, Necomplus Mantenimiento, Grupo Drie, Necomplus Portugal, and NCP Informatica. EUR millions 2008 2009 2010F Sales 10.8 11.0 12.6 Geographical coverage: Spain, Portugal, Backlog - - 12.2 Andorra . EBITDA 2.1 2.3 2.9 287 employees (204 in Spain, EBIT 1.5 1.6 2.2 74 in Portugal, 9 in Andorra). Net profit 1.2 1.2 1.7 21 branches / service points. Breakdown of sales by products One of the 3 largest firms providing services for the systems and infrastructure of electronic Services for POS payment terminals (handles 274 thousand POS 81.2% terminals ; 174 thousand in Spain and 100 thousand in Portugal). Strategic objectives : strengthening of operations in Spain Software and Portugal; 1.5% diversification by entering the markets of healthcare, insurance and trade (terminals Call Center used for data recording and management); 11% international expansion: France, Italy, Hardware Switzerland, Latin America. Other 4.1% 2.2% 18 Thank you for your attention www.inwestor.asseco.pl [email protected].
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