TEMENOS Company PresentationCredit Suisse EuroTech ConferenceMay 2008

Slide 2

DISCLAIMER

Any remarks that we may make about future expectations, plans and prospects for the

company constitute forward-looking statements. Actual results may differ materially from

those indicated by these forward-looking statements as a result of various factors. In

particular, the forward-looking financial information provided by the company in this

presentation represents the company�s estimates as of 14 May 2008. We anticipate that

subsequent events and developments will cause the company�s estimates to change.

However, while the company may elect to update this forward-looking financial

information at some point in the future, the company specifically disclaims any obligation

to do so. This forward-looking information should not be relied upon as representing the

company�s estimates of its future financial performance as of any date subsequent to 14

May 2008.

Slide 3

TEMENOS: A Brief Overview

Slide 4

OUR HISTORY

A vision transformed into the leading provider of banking software systems�

1993 Key Statistics� 2 Offices� 34 Employees� 19 Banks� USD 0.25m revenues

19931993

2007 Key Statistics� 44 Offices� 2600+ Employees� 600+ Banks in 120

countries� USD 330m Revenues

20072007

�Listed on SWX in 2001�Acquired TCB for Retail Banking in 2001�Launched T24 in 2004

Investment in R&D: 3Investment in R&D: 3��400 man years (+350 million USD)400 man years (+350 million USD)

Slide 5

OUR MARKET

CRM

Ris

k &

Com

plia

nce

Distribution Channels

General Support

Payments

Investment Services

Ass

etM

anag

emen

t

Treasury&

CapitalMarkets

Banking

Retail/ Universal

Who

lesa

le

Priv

ate

Insurance

Life

General

Temenos� currently addressable market

Bus

ines

s In

tellig

ence

Slide 6

OUR VALUE PROPOSITION

Temenos� products provide a quick and clear return on investment by:

� Lowering cost! Significantly lower infrastructure and maintenance costs through single integrated

system

� Enabling growth! Cross-selling through single customer view

! Business agility through faster time to market

� Controlling risk! Modern platform, high R&D and perpetual upgrades minimise risk of technological

obsolescence

! Flexibility of systems enables our clients to adapt easily to changing risks and regulatory environment.

Slide 7

OUR COMPETITION

Major players by segment

UniversalVendor Products Retail Private Wholesale

TEMENOS

I-Flex

Misys

T24 TCB

Flexcube

Equation, Midas, Bankmaster

Infosys

Fidelity

Finacle

FNS

Corebank, Systematics

SAP Corebanking

TATA Consulting

Source: IBS Market Report; Companies announcements, Temenos

Slide 8

PRODUCT

� High R&D to maintain openness and best-of-breed functionality

8%

10%

12%

14%

16%

18%

20%

22%

2003 2004 2005 2006 2007

Temenos*

Peer Group**

� Model bank to reduce installation time and complexity

* Cash R&D: adjusted for difference between capitalised dev and amortisation

** SAP, I-Flex (ex-Services), Misys (ex-Sesame)

Source: published company financial data

Slide 9

SALES

" Initial Licence Fees (ILFs): we leverage a largely fixed cost infrastructure through licensing our products.

" Maintenance: the provision of 24/7 helpdesk support and product upgrades. The most recurring and stable of software company�s sales and for Temenos even more so:

we charge a standard rate of 21 per centour customers sign minimum 5 year maintenance contractsentitlement to annual upgrade release

" Services: we support our client to implement our products.

low attrition

Slide 10

VISIBILITY

In excess of 90% of maintenance revenue is locked in for 2008

70% of all revenue is locked in for 2008

In addition, we have excellent visibility over licences:

� The sales cycle is typically 9-12months

� Temenos wins over 80% of deals

� Strong visibility over future licence sales

� The ability to give credible long-term guidance

Slide 11

TEMENOS Operates in a Growth Market�

Slide 12

MARKET TRENDS

Spend on third party software growing much faster than internal development�

" Third-party software gaining bigger proportion of banks� software budget

" External software spending growing at 9% CAGR vs. 1% CAGR 1% for internal spending

" Budget shift towards external software driven by replacement of legacy systems

" Systems replacement/ transformation essential for compliance and competitiveneeds

0

10

20

30

40

50

60

70

80

2010 2010

USD

bn

Third-party software**Internal spending*

CAGR 9%

CAGR 1%

2006 2010

18bn25.5bn

Global banking software spending

Source: Gartner Group, Temenos estimates*Includes in-house maintenance, development and implementation

**Includes licence and maintenance only

Slide 13

�BUT TEMENOS� Earnings Will Grow Faster than Market

Slide 14

GROWING SALES COVERAGE

� A key growth driverremains the growth in sales coverage

� Temenos now operates from 44 offices in 33 countries

� This gives us the broadest reach among our peers and creates a significant barrier to entry

Seoul

Quito

Tokyo

Kuala Lumpur

New York(1)Hong Kong

LONDON

DublinLuxembourg

CHENNAI

Miami

Amsterdam

GENEVA(1)

Bangkok

Paris

Dubai

WarsawMoscow

Zurich

Mexico City

Johannesburg

BeirutAthens

MADRID

Singapore

Jakarta

Beijing

R&D CENTRES(1) 2 Offices

HEMEL HEMPSTEAD

Mumbai

Shanghai

Taipei

Orlando

Ho Chi Minh City

Riyadh

Frankfurt

Cape Town

Almaty

Sydney

Montreal

Vancouver

Sao Paolo

Slide 15

ARC

What is it?" Suite of front-office functionality" Encompassing CRM, workflow processing, multi-channel banking" Interfaces directly with T24 (same platform, same database)

What is the potential?� ARC has so far been sold to 28 clients (10 clients in Q4)� Longer term, we believe that ARC has the potential to generate the same levels of

revenue as T24

Slide 16

METAVANTE AGREEMENT

! Agreement - Metavante will distribute and install TCB in the US

- Temenos will receive royalties on all revenue - minimum contractual revenue of USD102m

(2007- 2012)

! Product - companies will jointly develop version of TCB for US market

- componentised, deployable in Java and COBOL

! Potential - US banks behind European counterparts- Metavante has relationship with 92 of top 100 US

banks- Metavante has wide distribution network- Metavante further incentivised through warrants (see

appendix) to achieve upside potential

� US Distribution agreement for TCB

� USD102m minimum revenue

Slide 17

MISYS REPLACEMENT PROGRAMME

What is it?

" a low risk, cost-efficient and fast-track upgrade path to T24 for existing Misys users" Initially launched for Equation users, now available for Midas and Bankmaster users.

What is the potential?

In 2007, 7 customers have migrated. In 2008 the target is set on larger, multi-country replacements.

" Misys has large installed base" Migrations to date highly successful" Misys is no longer offering functional upgrades" A large number of Misys customer face 10-year licence renewals over next couple of years

Misys New wins 97-99 vs. 04-06

0

10

20

30

40

50

60

M idas Bankmaster Equat ion

1997-1999 2004-2006

Source: IBS Journal

Slide 18

ACTIS.BSP/ GERMAN MARKET

Our target:

� To double existing client base over 3-5yrs

� EBITDA USD11m by 2011

Our progress:

� 2 T24 deals in Germany signed in 2007 (our business case assumed none)

� Puts us way ahead of acquisition plan

� Actis clients happy to upgrade to T24 over time � licence upside and no risk of attrition

Slide 19

ACQUISITIONS

" To complement accelerating organic growth model to achieve leadership in growing market. Targeting companies with revenues of USD20-50m to:

" Strengthen delivery capability and distribution in key markets" Acquire client base" Enhance product

Slide 20

SERVICES: GROWING SALES AND MARGINS

IMPROVING SALES AND MARGINS, BECOMING BEST IN CLASS

" Model Bank" Used in projects from Q4 2006 onwards" Proven to shorten implementation timeframes by 50%

" TEMENOS Application Management" TAM progressing in line with plan � headcount up to 300" TAM has now achieved Level 3 CMMI compliance

" TEMENOS Management Consulting" Gaining traction, integral part of implementation

methodology

Q1 2008 highlights

� Revenue up by 62% yoy

� Margin at 2% (0% in PY)

� 11 Clients taken live

� 9 clients upgraded

� 117 active projects

Margin expectation of 10-15% for 2008 (unchanged).

Slide 21

BUSINESS UPDATE � DEMAND CONDITIONS

Demand � we still see no slowdown� Minimal exposure to the investment banking sector� Exposure to the US chiefly through Metavante - annual contracted revenues intact� Clients spread across retail, universal, private and wholesale banks� Strong emerging market presence (c.66% of licences)� Drivers for core systems structural, not cyclical and as prevalent as ever� Long sales cycle of between 9 and 12 months gives us excellent visibility over licences

Our forecasts � continually assessed� Outlook is based on sustainable medium term growth rate� We monitor the pipeline every week� We track pipeline against macro environment

We are vigilant to changes in demand�

�but have sufficient pipeline cover and depth�

�to raise guidance for the full year�

Slide 22

Our success in numbers

Slide 23

IMPRESSIVE REVENUE GROWTH

0

50

100

150

200

250

300

350

2003 2004 2005 2006 2007

USD

m

! Larger average deal size! Better sales coverage and execution ! Growing market share

2003-2007

Sales +126%

CAGR 23%

Slide 24

EVEN FASTER GROWTH IN EBIT

0

50

100

150

200

250

300

350

400

2003 2004 2005 2006 2007

USD

m

0

10

20

30

40

50

60

70

RevenueEBIT

! Protecting increases in maintenance ! Improving services margins through model bank, etc! More cross-selling! Exploiting economies of scale

2003-2007

Sales +126%

EBIT +484%

EBIT CAGR 56%

Slide 25

UPDATED 2008 OUTLOOK � REFLECTING CONTINUED MOMENTUM

Previous

173

400

21.2%

85.0

1.33

Revised

175

415

21.1%

87.5

1.36

yoy ∆

+18%

+26%

+220bps

+40%

+32%

Update (Q1)

+2

+15

+2.5

+0.03

Licences

Revenue

EBIT margin

EBIT

Adjusted EPS*

� 26% top line growth plus 220bps of margin expansion gives 40% EBIT growth

On outlook

On update � FX adds c.USD5m to outlook.

� Rest of increase comes from better momentum and better visibility

� Gross stock option dilution is 2% for the year

All nos. in USDm, except EPS USD*Adjusted for amortisation of acquired intangibles (2008 outlook: USD1.9m); no of fully diluted shares 69.4m

Questions