Anders Lidbeck, President & CEO. February 11, 2016

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1 Anders Lidbeck, President & CEO February 11, 2016

2 Agenda Enea Intro Enea Financials Q415 & FY15 Way Forward & Outlook

3 A Catalyst for the Connected Society HEAD QUARTER KISTA, SWEDEN REVENUE MSEK OPERATING MARGIN 22.9 PERCENT NO. OF EMPLOYEES 403 R&D OPEX INVESTMENT 19 PERCENT LISTED STOCKHOLM, NASDAQ OMX Numbers for 2015

4 Our Business Software Products for embedded applications focused on communication solutions Operating Systems Network Operating Systems for NFV On Device Management VNF Management Network Management Services Orchestration Proprietary and Open Source Maintenance, Support, and Product Services Related to our own product portfolio For Open Source based solutions For integrated solutions incl. 3 rd party Stand-alone System and Software Services Architecture, design, development, test In-house and or on-site projects Bridged Services

5 A Catalyst for the Connected Society Our Vision Our software and expertise help you develop amazing functions in a connected society More than 3 billion people rely on Enea software every day, to connect a call or use their mobile phone to get online

6 Leading Customers

7 Financials Q415 & FY15

8 Record Q4 EBIT & Operating Margin Q415 Q414 EBIT (MSEK) Operating margin (%) Earnings per share (SEK) FY15 FY14 EBIT (MSEK) Operating margin (%) Earnings per share (SEK) % EBIT y-o-y growth 18 % EPS y-o-y growth Highest Q4 Operating Profit and Operating Margin ever 11th consecutive quarter of EBIT growth 17th consecutive quarter of EBIT margin expansion

9 Record Q4 Revenues & Double Digit FY Growth Q415 Q414 Revenue (MSEK) Revenue growth (%) 6 12 Revenue growth (%) (currency adjusted) 1 8 FY15 FY14 Revenue (MSEK) Revenue growth (%) 12 5 Revenue growth (%) (currency adjusted) 5 3 Highest Q4 revenue since divestment of Nordic Consulting 6th consecutive quarter of Y/Y revenue growth

10 Growth in Worldwide Software Sales & Global Services Growth in revenues from Worldwide Software Sales and Key Accounts over the same quarter last year. Global Services showed double-digit growth for the 7 th consecutive quarter. Growth in revenues from licenses, including support and maintenance over the same quarter last year. Product Services is down Q415 over Q414, due to two PS projects in EMEA that are finalized. Strong FY2015 growth over FY2014 in Product Services. Key Account revenues FY2015 represents 50% of revenues. This number was 55% for 2014 and 60% for 2013.

11 Revenue Split per Region Europe European revenues flat over with the same quarter last year with growth FY15 over FY14. SW Sales declined compared with the same quarter last year mainly due to three big one-time deals that were closed in Q414. Underlying business is stable but pipeline is soft. GS Sales continued to grow double digit compared with the same quarter last year. Americas Double digit revenue growth in the Americas compared with the same period last year. Revenue also increased for the full year. Strong performance is SW sales both in SEK and USD both Q4 and FY versus the same period last year. GS revenues growth in SEK but slightly lower in USD compared with the same period last year. Asia Continued double digit revenue growth both for the quarter as well as FY compared with the same period last year.

12 Revenue Split per Segment & Product FY15 growth in all Product Groups (but other)

13 Double Digit Growth in Global Services Revenues grew particularly strong in Europe. Revenues also grew in the US but mainly due to the significantly strengthened US dollar. 11% y-o-y revenue growth Global Services showed double-digit revenue growth for the 7 th consecutive quarter

14 Strong Financial Position Q415 cash flow from operations 18.8 (38.5) MSEK. 11% growth in Q415 cash flow before change in working capital 39.0 (35.0) MSEK. Q415 Current receivables (150.6) MSEK. Cash, cash equivalents and financial investments at the end of the quarter were (215.3) MSEK. Enea has no debt and unused credits of 15 MSEK. The equity ratio was 74.1% (79.4%). The Board is proposing 4.20 (3.60) SEK per share in dividend, aprx 69.1 (60.3) MSEK, in the form of an automatic redemption program.

15 Way Forward & Outlook

16 Significant Investment in R&D 19% in R&D investment for FY15 We focus on communication systems and expertise Telecom and networking are the bases of our portfolio and customer base. We embrace new open source solutions and initiatives We also strive to integrate our existing portfolio in a an open context. We focus on the ARM Architecture Our ambition is to become the leading independent software vendor for the ARM ecosystem.

17 Evolving our portfolio Enea embraces the open source trend Creating Creating completely new open source projects and offerings Dec 3: Industry leaders Enea, Nokia and ARM in collaboration project to deliver fast internet protocol communication in virtualized networks Evolving Evolving existing portfolio with open source Dec 22: Enea signs agreement worth 10 MSEK (1.2 MUSD) over 5 years for open-source software with global communication networks customer Winning Winning with our existing portfolio: Dec 8: Enea signs agreement worth 1.5 MUSD with U.S. communication customer

18 with New Functionality & New Use-cases New Features Adding new functionality to our products Nov 4: Enea Extends On-Device Management Framework with NETCONF Support for NFV/SDN Deployments New Offerings Adding new offerings to our portfolio Nov 10: Enea Launches World s First OPNFV Pharos Lab for ARM-based Network Equipment and expands to new use-cases and new potential customers New Use-Cases Adding new use-cases and domains to our market Jan 8: Enea Acquires Network Functions Management Technology

19 Long Term Ambition The ambition over a period of three years commencing 2016 is to continue to develop a global software company with higher revenues, sustainable high profitability and good cash flows. The company will focus on organic growth, but both strategic and complementary acquisitions will be evaluated continuously. Growth will vary between years and quarters, depending on the timing of individual deals and the progress of royalty streams, which depend on customers sales volumes. Operating margin will vary over the quarters of this period, corresponding to growth. Enea s objective is to maintain an operating margin of over 20 percent over this period.

20 Market Outlook Target Compliance for 2015 In 2015 Enea increased revenues while also achieving an operating margin of 22.9 percent for the full year. In 2015, Enea also achieved its objective of improved earnings per share. Outlook 2016 Our objective the full year 2016 is to achieve revenue growth and our assessment is that earnings per share will improve compared with 2015.

21 Thank You! F o r a d d i t i o n a l i n f o r m a t i o n o n E n e a, p l e a s e c o n t a c t : A n d e r s L i d b e c k, P r e s i d e n t & C E O a n d e r s. l i d b e c e n e a. c o m H å k a n R i p p e, C F O h a k a n. r i p p e n e a. c o m S o f i e D å v e r s j ö, I n v e s t o r R e l a t i o n s s o f i e. d a v e r s j e n e a. c o m P h o n e :