Asseco Group Insurance Business Unit Asseco Group s capabilities and business approach within Insurance sector Bucharest, 31.10.2012 Miroslaw Leniart International Sales Coordination Manager
Asseco at a Glance 1
Asseco at a Glance The largest IT company in CEE Traded on the WSE, included in the prestigious blue-chip index Selling proprietary software and services 16,000 employees worldwide Strong financials with great track record 2011 revenue of PLN 5b (EUR 1.2b) with 4Y CAGR 42% double-digit growth 2
Milestones 1991 foundation of Asseco Poland 2004 IPO 2004 first foreign acquisition of Asseco Central Europe, Asseco Capital Group was established 2007 expansion in South Eastern Europe and in Germany 2009 investments in Western Europe and in Scandinavia 2010 Formula Systems joins Asseco Capital Group, beginning of global presence 3
Strong Financial Results 5000 4000 3000 2000 1000 0 Consolidated Revenues 2 787 793 3Y CAGR 21.2% 3 050 705 3 238 809 4 960 1 198 2008 2009 2010 2011 5000 4000 3000 2000 1000 0 Proprietary software and services 1 591 455 3Y CAGR 31.0% 1 975 456 2 068 516 3 574 863 2008 2009 2010 2011 900 EBITDA 3Y CAGR 12.3% 900 EBIT 3Y CAGR 9.3% 600 600 300 592 168 646 149 694 173 839 203 300 494 141 526 121 566 141 645 156 0 2008 2009 2010 2011 0 2008 2009 2010 2011 Figures in PLN millions & EUR millions; FX translations for: 2011 0.2415; 2010 0.2497; 2009 0.2311; 2008 0.2844 4
Asseco Group sales structure 2011 Product and Segment breakdown 2011 % 2010 72% Proprietary software and services 3 574 863 72.8% 2 068 516 1% 14% 13% Third-party software and services Hardware and infrastructure 647 156 693 167 15.9% 17.0% 558 139 592 148 Other sales 47 136.0% 20 Total Revenues 4 960 1198 53.2% 3 238 809 32% Banking and finance 1 602 387 36.3% 1 175 293 Enterprises 2 106 509 103.2% 1 036 259 25% 43% Public Institutions 1 253 303 22.0% 1 027 256 Total Revenues 4 960 1198 53.2% 3 238 809 Figures in PLN millions & EUR millions; FX translations for: 2011 0.2415; 2010 0.2497; 2009 0.2311; 2008 0.2844 5
Strong financial results in hard times Revenue & Net profit increased in 1H2012 (ΔH1 2012 / H1 2011) Increase of Revenue (%) 25 Atos (+76.3%) ΔH1 2012/H1 2011 Company Revenue Net profit Temenos (-134%) Sopra Group Unit4 Indra Software AG 15 5-5 Tieto Asseco -45-35 -25-15 -5 5 15 25 35 45 Increase of Net profit (%) Asseco 14.00% 11.00% 1 Software AG -3.10% -6.90% Unit4 4.00% -35.40% Sopra Group 11.30% -43.40% Temenos -5.30% -134.30% Tieto -0.10% 1.20% Atos 76.30% 2.20% Indra 8.50% -26.60% -15-25 6
Asseco Group Resources Total Asseco Group Employment* 16.081 Formula Systems 7.917 Poland 4.360 Central Europe (Slovakia, Hungary & Czech Republic) 1.576 South Eastern Europe 1.256 South Western Europe (Spain, Portugal) 439 DACH 346 Lithuania 139 Denmark 48 * As on 30 June 2012 7
One of the Leading Software Houses in Europe Asseco Poland among the TOP TEN 8
Where do we operate? 9
European Presence 10
Our offices worldwide (190) (300) (4200) (1200) (600) (470) (1500) (55) (6000) (150) (35) 11
What do we do? 12
Thinking Globally, Acting Locally 13
Product Offer One-Stop-Shop for all sectors Financial Public Administration General Business Banks Government Telco Insurance companies Municipalities Utilities Brokerage houses Healthcare Power industry Investment funds International organisations Gas industry Leasing companies Social security Manufacturing, trade and services Factoring companies Uniformed services FMCG Mortgage savings Education Multimedia 14
Banking Public Administration Healthcare Insurance ERP Telco & Utilities IT Infrastructure Asseco Group Business Units Poland Israel Central Europe South Eastern Europe DACH South Western Europe Northern Europe 15
Asseco Group Insurance Business Unit IT capabilities and business approach 16
Current situation within Insurance Industry New World to Insure - Lots of properties, World catastrophies, wealth, people who live longer, body parts Struggling with heavy regulations - EU compliance, SOX, Transparency, Solvency II Facing tough competition - The battle over the customer was never so fierce Want to go Global - Consolidation and expansion 17
The Role Of IT Is To ENABLE Insurers DEAL With Those CHALLENGES 18
The Insurance IT has gone through an evolution in the past decades In house Tailor made Point solutions Solution Suites
The smooth transition of core systems from complex legacy systems to modern, packaged solutions is a key factor 20
We offer One-Stop Shop for All Insurance Software Business Property & Casualty Life & Annuity Reinsurance COMPLIANCE COMPATIBILITY EU Regulations
Asseco Group Insurance Business Unit One of the World s Leader 200 Asseco Insurance BU Revenue (m USD) 150 100 173 153 50 97 52 0 Guidewire (US) Asseco Insurance BU SSP Limited (UK) MajescoMastek (IN) 22
Global Presence of Installed Base 23
70+ Global Customer Base of leading insurers
Thank You Miroslaw Leniart International Sales Coordination Manager miroslaw.leniart@asseco.pl +48 695 120 738 www.asseco.com