Agenda
� Summary of the first half of 2010
� Financial results for the first half of 2010
� Operating activities� Operating activities
� Acquisitions
2
Breakdown of sales revenues1H 2010 – consolidated
Proprietary softwareand services
970 / 67%
Third-party software
Banking and finance489 / 34%
by products* by sectors*
* figures in PLN millions / as percentage of total sales in 1H 2010
4
Third-party softwareand services
213 / 15%
Hardwareand infrastructure
264 / 18%
Other5 / 0%
TOTAL1,452
Enterprises471 / 32%
Public administration
492 / 34%
TOTAL1,452
Breakdown of sales revenues1H 2010 - standalone
Proprietary softwareand services
414 / 71% Banking and finance
226 / 39%
Enterprises
by products* by sectors*
* figures in PLN millions / as percentage of total sales in 1H 2010
6
Third-party software and services
126 / 22%
Hardware and infrastructure
41 / 7%
Other 4 / 1%
TOTAL586
Enterprises79 / 14%
Public administration
281 / 48%
TOTAL586
Other informationFinancial liquidity*
Asseco Poland The Asseco Group
Short- and long-term debt (5.8) (98.2)
Cash and cash equivalents 225.2 510.1
PLN millionsACP 225.2ASEE 110.8ACE 72.3ABS 36.7225.2
Cash – debt 219.4 411.9
Accounts receivable 212.4 561.0
Accounts payable (208.2) (433.0)
Inventories 7.6 49.7
Operating balance 231.2 589.6
7
* figures in PLN millions; as at 30 June 2010
ABS 36.7ANE 12.0ADACH 7.3Other 45.8
Other informationMarket expectations for 1H 2010* - consolidated data
+2%
8
* figures in PLN millions; as at 30 August 2010; Consensus – average forecast for 1Q and 2Q 2010 from 12 brokerage houses
+9% +7%
Agenda
� Summary of the first half of 2010
� Financial results for the first half of 2010
� Operating activities� Operating activities
� Acquisitions
9
Operating activitiesMajor events
Other events
� Merger with ABG – 4 January 2010
� IT Services Centre – project co-financed
from the EU funds in the amount of
PLN 36 million over 2 years
Issuance of shares
� Number of shares issued – 3,878,277
� Total number of shares subscribed
– 6,108,429
� Proceeds from issuance – PLN 209.4 million
10
� Preparation to the merger with Asseco
Systems – planned to take place on
3 January 2011
� Project for construction of the office
building in Wilanów – selection of the
crediting offer and the general contractor
� Dividend payment – PLN 1,47 per share
� Allocation of shares – 17 May 2010
� Registration of share capital increase and
cancellation of treasury shares – 10 June
2010
� Introduction to public trading – 21 June
2010
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
Operating activitiesNew contracts signed
11
� 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.
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.
Operating activitiesNew contracts signed
Healthcare Division
12
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.
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.
Operating activitiesNew contracts signed
13
billing system.� Enion (power distribution company) – agreement for maintenance of HandelMax billingsystem.� 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.
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).
Operating activitiesNew contracts signed
14
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.
Operating activitiesBacklog of orders for 2010*
Consolidated
87%
83%
15
* Comparison of the 2010 orders backlog against the actual results achieved in 2009; figures in PLN millions; as at 30 August 2010
Standalone
106%
108%
Agenda
� Summary of the first half of 2010
� Financial results for the first half of 2010
� Operating activities� Operating activities
� Acquisitions
16
AcquisitionsCompleted acquisitions
GlobenetCountry: HungarySector: HealthcareProfile: Software and services for the medical sectorEquity interest: 60%Price: EUR 7.8 millionResults for 2009 (in mEUR):Sales revenues: 3.0Net profit: 0.2
ESTCountry: TurkeySector: Banking and Finance Profile: Software and services for settlement of internet transactions paid by credit cardsEquity interest: 99.9%Price : 2.5 mln EURResults for 2009 (in mEUR):Sales revenues: 1.9Net profit: 0.2
17
NecomplusCountry: Spain, PortugalSector: Banking and Finance Profile: Software and services for POS terminals and Call Centers Equity interest: 65%Price: EUR 8.3 millionResults for 2009 (in mEUR):Sales revenues: 11.0Net profit: 1.2
ITDCountry: TurkeySector: Banking and Finance, Telco, EnterprisesProfile: Automation of voice servicesEquity interest: 99.7%Price: 6.1 mln EURResults for 2009 (in mEUR):Sales revenues: 7.9Net profit: 0.7
Net profit: 0.2
AcquisitionsNecomplus Group
� The Group incorporates 5 companies: Necomplus, Necomplus Mantenimiento, Grupo Drie, Necomplus Portugal, and NCP Informatica.
� Geographical coverage: Spain, Portugal, Andorra.
� 287 employees (204 in Spain, 74 in Portugal, 9 in Andorra).
EUR millions 2008 2009 2010FSales 10.8 11.0 12.6
Backlog - - 12.2EBITDA 2.1 2.3 2.9EBIT 1.5 1.6 2.2Net profit 1.2 1.2 1.7
Financial Results
18
� 21 branches / service points.
� One of the 3 largest firms providing services for the systems and infrastructure of electronic payment terminals (handles 274 thousand POS terminals; 174 thousand in Spain and 100 thousand in Portugal).
� Strategic objectives:� strengthening of operations in Spain
and Portugal; � diversification by entering the markets of
healthcare, insurance and trade (terminals used for data recording and management);
� international expansion: France, Italy, Switzerland, Latin America.
Services for POS81.2%
Other2.2%
Hardware4.1%
Software1.5%
Call Center11%
Breakdown of sales by products