Profile: S&S, HW&Integration
Sectors; Banking & Finance, Public,
General Business
Profile: S&S
Sectors: General Business,
Banking & Finance
Profile: S&S, HW&Integration
Sectors: Banking & Finance, Public,
General Business
4
Profile: HW&Integration
Sectors: General Business
Profile: S&S
Sectors: General Business, Public
Profile: HW&Integration
Sectors: Banking & Finance,
General Business, Public
Profile: S&S
Sectors: General Business
Profile: S&S
Sectors: Banking & Finance,
General Business, Public
Asseco in Europe
Profile: S&S
Sectors: Banking & Finance,
Public, General Business
Asseco vs European IT Leaders
Rank Company HQRevenues 2008 fromSoftware activity
(EUR m)
Total revenues 2008 (EUR m)
1 SAP DE 11 575.0 11 575.0
2 Sage UK 1 360.0 1 360.0
3 DASSAULT SYSTEMS FR 1 334.8 1 334.8
4 Software AG DE 718.2 720.6
5 Asseco Poland SA PL 432.0 792.4
6 Unit4 Agresso NL 393.6 393.6
7 Autonomy UK 362.0 362.0
8 Visma NO 360.4 360.4
9 Misys UK 350.4 700.7
10 SOPRA GROUP - AXWAY FR 312.6 1 129.5
Rank Company HQRevenues 2008 fromSoftware activity
(EUR m)
Total revenues 2008 (EUR m)
1 SAP DE 11 575.0 11 575.0
2 Sage UK 1 360.0 1 360.0
3 DASSAULT SYSTEMS FR 1 334.8 1 334.8
4 Software AG DE 718.2 720.6
5 Asseco Poland SA PL 432.0 792.4
6 Unit4 Agresso NL 393.6 393.6
7 Autonomy UK 362.0 362.0
8 Visma NO 360.4 360.4
9 Misys UK 350.4 700.7
10 SOPRA GROUP - AXWAY FR 312.6 1 129.5
Source: Bloomberg data as of September 30th 2009, EUR million
Asseco SEE teritory
• 11 countries
• 3 EU members, others with
EU aspirations
• 56 m people
• software and competences
have to be multilingual,
multicurrency, multi....
7
Asseco SEE consolidated annual results
kEUR 2009 2008 growth
Revenue 100 598 96 024 4,76%
Revenue from Proprietary Software & Services
29 717 25 530 16,40%
EBIT 12 843 12 631 1,68%
Aggregate Net Profit 10 915 8 872 23,03%
Net Profit for the Group 8 818 4 583 92,39%
kEUR 2009 2008 growth
Revenue 100 598 96 024 4,76%
Revenue from Proprietary Software & Services
29 717 25 530 16,40%
EBIT 12 843 12 631 1,68%
Aggregate Net Profit 10 915 8 872 23,03%
Net Profit for the Group 8 818 4 583 92,39%
* All data in EUR thousands
Asseco SEE regional revenue and EBIT contribution
* All data in EUR thousands; revenue and EBIT without consolidation adjustments, net profit adjusted (without dividends)
Asseco SEE consolidated annual employee structure (revenue)
Banking512 / 52%
MASS 50 / 5%
CARD114 / 10%
Integration323 / 33%
Serbia460 / 46%
Romania188 / 19%
Macedonia124 / 13%
Kosovo86 / 9%
Croatia82 / 8%
B&H28 / 2%
Slovenia14 / 1%
Montenegro7 / 1%
Bulgaria6 / 1%
Albania3 / 0%
TOTAL998
Employment by BU Employment by Country
TOTAL998
Asseco SEE project – ongoing development
� Creation of the Holding (acquisition of 9 companies)
� Share Swap – ASEE becomes 100% shareholder in 9
companies
� EBRD entry – equity of 15m Euro +7m Euro debt facility
� IPO – collection of 6,5m Euro, listing October 28th, 2009
� Merger of companies into one in each country (schedule set)
� Rebranding of companies to Asseco SEE (where we have
100% ownership)
Asseco SEE shareholders structure
ACP 26 494 676 53,46%
Founders 16 149 154 32,58%
Financial institution 2 100 000 4,24%
EBRD 4 810 880 9,71%
other 7 009 0,01%
Total 49 561 719 100%
ACP 26 494 676 53,46%
Founders 16 149 154 32,58%
Financial institution 2 100 000 4,24%
EBRD 4 810 880 9,71%
other 7 009 0,01%
Total 49 561 719 100%
Asseco SEE structure
AlbAlb
MacMac
MontMont
SloSlo
B&HB&HPeximBanja Luka
eMSBelgrade
eMonPodgorica
PeximBulgaria
Asseco
SEESkopje
SIMT CardinfoLjubljana
CardinfoProdgorica
Cardinfo BDSSarajevo
Asseco SEE
in Serbia
Asseco SEE
in RomaniaAsseco SEE
in Kosovo
IBISBanja Luka
Asseco SEE
Asseco SEE
in Albania
Asseco SEE
in Croatia
50%
100%
100%
51%
100%
50%
100%
50%
90%
100% 100% 100% 100%
100%Probass
100%
Pexim Tirana
100%
Asseco SEE targeted structure (end 2010)
MontMont
SloSlo
eMSBelgrade
eMonPodgorica
SIMT CardinfoLjubljana
Asseco SEEIn Montenegro
Asseco SEE
in Serbia
Asseco SEE
in RomaniaAsseco SEE
in Kosovo
Asseco SEE
in B&H
Asseco SEE
in Albania
Asseco SEE
in Croatia
100%
50%
100%
50%
90%
100% 100% 100% 100%
100%
Asseco SEE
Asseco SEE
in Bulgaria
100%
100%
Asseco SEE
in Macedonia
Asseco SEE
in Moldavia
Asseco SEE acquisitions
Comp 1
Aktiv in: Croatia, Bosnia & Hercegovina
CARD
Financial results (2009):
Sales: mEUR 7,8
NPAT: mEUR 0,7
Comp 2 & 3
Aktiv in: Turkey, Poland
Card & IntegrationFinancial results (2009):
Sales: mEUR 9,4
NPAT: mEUR 0,9
Advanced acquisition goals
Next (5) potential acq. goals
Advanced discussions with 4
Companies in Slovenia, Bulgaria, Turkey
Aktiv in: Banking & Finance and
Public sectors
Letters sent/First meetings with
Companies:
34 Turkey
17 Bulgaria12 Croatia
9 Romania
8 Serbia
5 Slovenia
Markets review
Probass in Romania
Pronet in Kosovo
Two acquisitions closed in Q4:
Asseco SEE competences
� Experience Branch
� Experience Customer Insight
� ASEBA IBank
� ASEBA PUB 2000® - Core Banking Solution
� ASEBA SxS
� ASEBA JiMBa
� Case Management Information System (CMIS)
� Credit Registry System (CRS)