Asseco Group ResultsFY 2016

Warsaw, March 17, 2017

3

1. Key events in Asseco Group

2. Summary of Asseco Group activities

3. Financial information

Agenda

1.Key events in Asseco Group

▪ Record-high revenues – more than PLN 7.9 billion

▪ Record-high operating profit – PLN 769 million

▪ 79% of revenues generated in foreign markets

▪ 80% of revenues generated by the sales of proprietary software and services

▪ 22,300 employees, including 19,200 in production departments

Record-high results of Asseco Group

5

• Specialization in third-party solutions

• Focus on consulting and implementation services

Changes to the structure in Poland

• Solutions for local administration and entities that are not served by Asseco Poland

• Focus on IT infrastructure and trust services

• Expert in software solutions for various sectors

• Focus on proprietary software and services

• Solutions for small and medium-sized enterprises and sales force automation (SFA)

• Focus on proprietary ERP software

46,47% 100% 100%

PLN952m in revenues*

2 812 employees

* Pro-forma revenues for 2016, i.e. taking into account our new organizational structure

PLN169m in revenues*

634 employees

PLN364m in revenues*

903 employees

PLN155m in revenues*

230 employees

6

InsuranceSapiens International

ERP Asseco Enterprise Solutions

Developing international competence centers

PaymentAsseco South Eastern Europe

8

Investments in the Group

New companies Stake increase in the Group's companies

Serbian company providing solutions in the payment sector (Asseco South Eastern Europe)

Israeli company specializing in solutions in the field of security and defense (Formula Systems)

Israeli company developing systems and software for the medical industry (Magic Software)

US company providing solutions for the insurance sector (Sapiens)

Increasing stake to 69.4%

Increasing stake to 55.34%

Increasing stake to 99.32%

Increasing stake to 96.94%

US producer of advanced software for the insurance sector (Sapiens) Q1 2017

Polish startup specialising in UX and UI solutions and cloud services

9

Group's structure in foreign markets

% of the share capital.

Asseco Central Europe

99.3%

Asseco SouthEastern Europe

55.3% 46.3%70.3%

Exictos69.4%

Necomplus

65%

Asseco Lithuania

96.9%

Peak Consulting70%

Asseco Denmark

55%

Asseco Spain

49%

Asseco Georgia51%

Asseco Kazakhstan

51%

R-Style Softlab

Magic Software

47.3%

Sapiens International

49.97%

Formula Systems

Izra

el

We

ste

rn E

uro

pe

East

ern

Euro

pe

Matrix IT

48.9%

Delisting

10

Asseco Central Europe on the WSE

Asseco Central Europe in 2016Asseco Slovakia in 2006

127

736

0

200

400

600

800

Revenues (mPLN)

2006 2016

Employment: 330 people

Presence in 2 countries

Employment: 1 745 people

Presence in 8 countries

18

67

0

20

40

60

80

EBIT (mPLN)

2006 2016

13

51

0

10

20

30

40

50

60

Net profit (mPLN)

2006 2016

11

Asseco Central Europe

Polish subsidiariesAsseco South

Eastern EuropeWestern Europe Israel Eastern Europe TOTAL

Investment* [mPLN] 361.9 722.0 291.5 377.5 427.0 147.9 2,327.8

Market value(for Asseco Poland)** [mPLN]

642.8 327.4 1,081.7

Return on dividend for 2015 (payout in 2016)

13.3% 5.8% 4.1% 20.8% 4.3% 2.3% 8.9%

Price-to-earnings (2016) 6.9x 16.9x 10.3x 12.1x 10.9x - 12.5x

* As of 31.12.2016, includes cash investments, swaps, loans as well as purchases made and accounted for directly in P&L** FX exchange rates as of 15.03.2017

Return on investments in 2016

Rising market value of the Group’s companies (market cap)

432508

802

0

200

400

600

800

Asseco Business Solutions (mPLN)

2010 2015 2016

310 349

484

0

200

400

600

Matrix(mUSD)

2010 2015 2016

51

495

702

0

200

400

600

Sapiens (mUSD)

2010 2015 2016

90

250306

0

100

200

300

400

Magic Software (mUSD)

2010 2015 2016

12

13

Consistent implementation of our dividend policy

PLN 0.55

PLN 1.03

PLN 1.47

PLN 1.80

PLN 2.19

PLN 2.41PLN 2.60

PLN 2.90PLN 3.01 PLN 3.01

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016*

DPS

Over PLN 1.4 billionpaid in dividends

* Management Board's recommendation

250 mPLN

Summary of Asseco Groupactivities

15

Consolidated financial highlights for 2016

PLN 7,932 mSales revenue

+9%

PLN 769 mEBIT

+3%

PLN 301 mNet profit

-17%

PLN 6,351 mSales of proprietary software and

services

+10%

PLN 1,070 mEBITDA

+6%

Revenue structure – strong diversification into sectors

39%

39%

22%

Revenues

7,932 mPLN

+9%

16

2 364 2 258 2 513 2 829 3 128

1 854 2 0312 214

2 6893 0621 311 1 491

1 5051 738

1 742

2012 2013 2014 2015 2016

General business Banking and finance Public institutions

1 620 1 770 1 681 1 779 1 650

3 909 4 010 4 5505 478 6 282

1 2 3 4 5

Revenues from Poland Revenues from foreign operations

2012 2013 2014 2015 2016

17

Rising share of foreign market in the Group’s revenues

79%

21%

7,932 mPLN

+ 804 mPLN

350 303 298 278 259

302296 338

467 511

2012 2013 2014 2015 2016

Operating profit in Poland Operating profit from foreign operations

18

Higher share of foreign operations in the Group’s EBIT

66%

34%

769 mPLN

+ 44 mPLN

1 650

4 399

736

571575

60

7 932mln PLN

+9%

Asseco Group in 2016 – geographical regions

Israelimarket

+20%

Central Europeanmarket

+13%

Western Europeanmarket

-4%

South EasternEuropean market

+17%

Polishmarket

-7%

Eastern Europeanmarket

-44%

*including consolidation eliminations resulting from inter-market sales: -59 mPLN

19

Polish marketCompletion of the Group’s organizational changes (DahliaMatic, Asseco Data Systems). Lack of new public tenders

Israeli marketDynamic expansion of Sapiens and Magic Software achieved through organic growth and acquisitions (Maximum Processing, RoshtovSoftware)

Central European marketStronger demand for the ERP solutions and rebound in the Czech public administration sector. Delisting of Asseco Central Europe and establishment of Asseco Enterprise Solutions

South Eastern European marketImprovement in the payment solutions and banking segments.

Western European marketExictos’ focus on proprietary software and implementation services. Sales of new solutions in Spain (parcel stations)

Eastern European marketResults influenced by losing one of the key customers. Restructuring process and ownership changes

Business sector

20

• Growing demand for the ERP solutions in German-

speaking countries - Germany, Austria, Switzerland – and in Poland

• Higher sales in the Israeli companies (Magic, Matrix) thanks to new

contracts and acquisitions

• Change of the Group's business model in Western Europe (the sale

of Matrix42)

and over 9,000 SME companies

2016 2015 Change

Polish market 567.3 542.9 +4%

Israeli market 1,871.6 1,559.3 +20%

Central European market 337.6 284.7 +19%

South Eastern European market 88.6 75.9 +17%

Western European market 265.9 372.9 -29%

Eastern European market 1.8 2.4 -26%

Asseco Group* 3,127.6 2,829.4 +11%

• Wide range of the ERP software –Softlab, Helios, WAPRO, MobileTouch

• Specialist systems dedicated to the energy sector: AUMS, SAMO

• Wide range of services for the telco sector – outsourcing

Figures in millions of PLN

Banking and Finance sector

21

• Growing importance of the payment solutions segment in South

Eastern Europe and increase in sales of banking sector solutions

• Sapiens’ dynamic development in the insurance sector thanks to

new contracts

• Stable sales' growth in the banking sector in Poland

• Significant growth in Western Europe thanks to Exictos

We work for leading banks and insurers:

2016 2015 Change

Polish market 489.4 438.4 +12%

Israeli market 1,774.3 1,576.5 +13%

Central European market 100.3 91.2 +10%

South Eastern European market 440.3 365.2 +21%

Western European market 257.9 150.3 +72%

Eastern European market 51.7 98.0 -47%

Asseco Group* 3,062.4 2,688.5 +14%

• Core-banking systems def3000, StarBANK, Banka

• Electronic banking: Asseco CBP, Digital Edge

• Insurance solutions: ALIS, IDIT, Rapidsure, Stingray

• Software for brokers Promak and wide range of solutions for the leasing,

factoring, anti-fraud and payment sectors.

Figures in millions of PLN

Public Institutions sector

22

• Growth in Israel as a result of stronger position in government and

health care tenders

• Improving economic conditions in the Czech Republic,

signing several important contracts in the second half of the year

• Lack of new contracts in the Polish public sector

2016 2015 Change

Polish market 593.5 797.2 -26%

Israeli market 753.2 541.0 +39%

Central European market 298.3 273.4 +9%

South Eastern European market 41.7 46.1 -10%

Western European market 51.2 75.7 -32%

Eastern European market 6.1 5.6 +9%

Asseco Group* 1,742.0 1,738.3 +0%

• Dedicated systems – KSI ZUS, Zefir, Farmer

• Software for the healthcare sector: AMMS, Mediform, Strix, Clicks

• Software for the local administration: UniGmina, Edicta, eduPortal

• Cloud solutions– Wrota Celne

Figures in millions of PLN

In comparison to the order backlog presented in March 2016

Consolidated order backlog for 2017

5,0255,512

2016 2017

Revenues

+10%

4,492 5,031

2016 2017

Proprietary software and services

+12%

Figures in millions of PLN.Value of the order backlog for 2017 as at March 13, 2017; value of the order backlog for 2016 as at March 11, 2016. 23

Financial information

Growth in revenues and operating profit

Figures in millions of PLN

Non-IFRS figures including adjustments for: i) income recognized in purchase price allocation, ii) amortization charges on intangible assets recognized in purchase price allocation as well as iii) for the costs of share-based payment transactions with employees

2016 2015 Δ Q4 2016 Q4 2015 Δ

Revenues 7,932.0 7,256.2 +9% 2,259.1 2,196.0 +3%

Proprietary software and services 6,351.0 5,782.6 +10% 1,776.7 1,602.1 +11%

Gross profit/(loss) on sales 1,866.5 1,749.1 +7% 510.2 505.9 +1%

Gross profit margin 23.5% 24.1% -0.6 pp 22.6% 23.0% -0.5 pp

Selling costs -480.8 -451.5 +6% -131.5 -126.8 +4%

General and administrative expenses -620.9 -543.7 +14% -179.8 -166.9 +8%

Other operating activities 4.6 -9.2 - 4. -1.1 -

Operating profit 769.4 744.7 +3% 203.0 211.1 -4%

Operating profit margin 9.7% 10.3% -0.6 pp 9.0% 9.6% -0.6 pp

Operating profit non-IFRS 883.0 848.4 +4% 234.5 242.5 -3%

Operating profit margin non-IFRS 11.1% 11.7% -0.6 pp 10.4% 11.0% -0.7 pp

EBITDA 1,069.5 1,007.7 +6% 283.1 274.0 +3%

EBITDA margin 13.5% 13.9% -0.4 pp 12.5% 12.5% +0.1 pp

25

Growth in revenues and operating profit

2016 / Change 2016 vs. 2015

Sales revenues**Proprietary software and

services**Operating profit

Polish market 1,650.2 -7% 1,324.7 -3% 258.6 -7%

Israeli market 4,399.0 +20% 3,810.7 +18% 343.4 +22%

Central European market 736.1 +13% 555.7 +13% 66.9 +6%

South Eastern European market 570.6 +17% 346.9 +17% 56.4 +7%

Western European market 575.1 -4% 313.1 -10% 55.6 +48%

Eastern European market 59.6 -44% 48.6 -49% -11.2 -148%

Asseco Group* 7,932.0 +9% 6,351.0 +10% 883.0 +4%

* Figures after consolidation eliminations** Revenues generated in individual markets include sales to external customers as well as inter-segment sales

26

Figures in millions of PLN

Reconciliation of operating profit and net profit2016 2015 Δ Q4 2016 Q4 2015 Δ

Operating profit 769.4 744.7 +3% 203.0 211.1 -4%

Interest expense -37.9 -32.9 -8.4 -9.8

Foreign currency transactions -4.5 -9.2 5.8 -3.0

Other -7.1 37.5 -3.5 36.7

of which: gain/loss on transactions associated with company acquisitions -6.1 -2.3 -3.5 -1.0

gain/loss on transactions associated with company sales 1.9 40.1 1.9 39.8

dividends paid to non-controlling shareholders -6.1 -1.2 -5.8 0.0

Pre-tax profit 719.9 740.1 -3% 196.9 235.0 -16%

Income tax -179.0 -165.8 +8% -51.7 -47.1 +10%

Share of profits /losses of associates 2.7 -1.7 - -0.9 -2.3 -

Profit / loss from discontinued operations

Net profit 543.6 572.6 -5% 144.3 185.6 -22%

Net profit attributable to shareholders of the parent company 301.3 365.0 -17% 76.7 125.5 -39%

Figures in millions of PLN

27

Generated cash flows

Asseco Group Asseco Poland2016 2015 2016 2015

CFO 1,032.0 1,043.6 176.1 324.5

CAPEX* -210.7 -191.7 -24.3 -40.1

Free cash flow** 821.3 851.9 151.8 284.4

Cash conversion*** 93% 100% 75% 156%

Figures in millions of PLN

* Excluding investments in investment property, net of grants received.** CFO+CAPEX.*** Free cash flow / non-IFRS EBIT.Non-IFRS figures including adjustments for: i) income recognized in purchase price allocation, ii) amortization charges on intangible assets recognized in purchase price allocation as well as iii) for the costs of share-based payment transactions with employees.

28

Stable liquidity position (Asseco Poland)As at December 31, 2016

ST LT

Cash and financial assets 25.4 63.9

Debt and finance lease: - 39.5 55.0

Bank loans - 17.1 - 68.7

Assets serving as bank loan collateral* - 190.2

Finance lease liabilities - 22.4 - 66.5

Net cash (KT) - 14.1

Inventories+ ST receivables – ST liabilities** 230.3

Net operating assets (ST) 216.2

Available bank loan facilities 585.0

Figures in millions of PLN* The book value of real estate serving as bank loan collateral** Inventories + short-term receivables + short-term prepayments – short-term liabilities excluding bank loans and finance lease liabilities 29

30

Legal disclaimerThe contents of this presentation are copyright protected and constitute proprietary information. All texts,graphics, photographs, sound, animations and videos, as well as their layout in the presentation are protected underthe Act on copyright and related rights as well as by other applicable regulations. Unauthorized use of anymaterials contained in this presentation may constitute an infringement of copyright, trademark or other laws.Materials available in this presentation cannot be modified, reproduced, disclosed or performed in public,distributed or used for other public or commercial purposes, unless it is expressly permitted in writing by AssecoPoland S.A. Copying for commercial use, distribution, modification or acquisition of the contents of this presentationby third parties is strictly prohibited. This presentation may include references to product and service offerings ofthird parties. The terms and conditions for the use of third-party products and services are defined by such thirdparties. Asseco Poland S.A. will in no way be responsible or liable for the conditions or consequences of using suchthirdparty products and services. The data and information contained herein constitute general informationonly. This presentation has been prepared with the help of Inscale company products.

The name and logo graphic of Asseco Poland S.A. are registered trademarks. Any use of these trademarks shall

require prior express consent of Asseco Poland S.A.

2017 © Asseco Poland S.A.31