Asseco SEE - profil grupe i pregled poslovanja u proteklom razdoblju

Dražen Pehar

New Banking Vision Press Conference Zagreb, May 13th, 2010

ASSECO SEEcompany profile

Agenda

� About Asseco Group

� About Asseco SEE

ASSECO GROUP

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

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)

Thank you

www.asseco.comwww.asseco-see.com