Corporate Presentation

Stefano Spaggiari, CEO, Expert System

3 giugno 2015

Mercato AIM - Italia:

opportunità e rischi per emittenti ed investitori

Expert System sells

Errata Corrige to Microsoft

1994

Cogito is provided in

multiple languages

2006

Gart er’s Magic Quadrant for

Enterprise Search

Listed on the

AIM exchange

2013 6/2014

2/2014

New offices in

Silicon Valley and UK

12/2014

Born Expert System

Iberia and CY4Gate

1992

Born the first software

Errata Corrige

Company Overview

Proven Technology:

Cogito technology was

born

2000 Creation of the US-based

subsidiary and Cogito

technology is patented in the

United States

2011

2/2015

Strategic

partnerships

5/2015

Acquisition of

TEMIS Group

http://www.expertsystem.net/news.asp?lang=1&idd=1672http://www.expertsystem.net/news.asp?lang=1&idd=1431

What we do it

STRATEGIC KNOWLEDGE

COGITO TECHNOLOGY Understand, Find, Organize

Intelligent

Search &

Navigation

Automatic

categorization

and targeted

extraction

Natural

language

interfaces

What makes us unique

Morphological

analysis word forms dog, dog-catcher, doggy bag

Grammatical analysis parts of speech "There are 40 rows in the table." (noun)

"She rows 5 times a week." (verb)

Logical analysis word

relationships

"The GM car I bought, to replace my Chrysler,

stinks."

Semantic analysis word context "I used chicken broth for my soup stock."

"I have 10,000 apples in stock."

"I bought 10,000 shares of stock in Apple."

Deep linguistic analysis of words to understand context.

Equity Research:

Target Price 2.2€

Target Price 3.6 €

Listing figures EXSY Listed on AIM Italy: 18/02/2014

Raised: over € 17 million, three times higher than the initial offering

Performance since listing: +27%

ES SHARE PRICE PERFORMANCE VS FTSE AIM ITA

(* ) As of June 3rd, 2015

12/31/2014 Financial Results

Consolidated financial results for 12/31/2014

€17.2 million production value EBITDA of €2.3 million with EBITDA margin of 13.6% EBIT of €0.6 million Net profit €0.1 million Positive Net Financial Position of €5.5 million

Expert System S.P.A. 12/31/2014 financial results

€16.1 million production value (+23.1% over 12/31/2013) EBITDA of €3.2 million with EBITDA margin of 20% (+60.5% over 12/31/2013) EBIT of €1.5 million (€0.9 million on 12/31/2013) Net income of €1.0 million (€0.2 million on 12/31/2013) Positive Net Financial Position of €5.0 million (over negative NFP of €5.2 million on 12/31/2013)

Semantics: market overview

Big Data: there will be more data, more mobile

analytics, more cloud analytics, more data discovery,

more visualization. Big data will push further into the

enterprise with even more use cases — specifically real-time use cases.

Artificial Intelligence: an increasingly human-like

interactions with applications. Use of voice, natural

language, gestures, and vision will gradually become

ordinary human-machine interaction.

Expert System in a report by Forrester Research, Inc.

New leading in cognitive computing

Expert System acquires TEMIS Group: the enterprise value of

the acquisition is €12 million

Agreement signed for the 100% acquisition of TEMIS, a French leader in text

analytics solutions:

• In 2014 (preliminary data), TEMIS reported revenues of approximately €8.2 million, (€7.1 million in 2013) • Its customers include: BASF, BNP Paribas, Volkswagen, Bayer Schering Pharma, Novartis, Sanofi, Agence France Presse, Thomson Reuters, The McGraw-Hill

Companies, Editions Lefebvre-Sarrut, Elsevier, EMC, Bloomberg BNA,

international organizations the French government agency Invest and

institutions such as the U.S. Department of Agriculture.

• The TEMIS managers and employees team will be integrated into the Expert System Group

Benefits of the acquisition

Expert System acquires TEMIS Group

The acquisition of TEMIS is a great opportunity to:

• confirm the advantages of semantic intelligence; • extend Expert Syste ’s geographical coverage and enhance the growth of the various company locations including Italy, France, Spain, Germany, Great Britain,

the United States and Canada.

The acquisition of TEMIS supports Expert Syste ’s strategy for growth and internationalization, and also consolidates the co pa ies’ excellence in the cognitive computing market, which makes technology more intelligent and better

able to help companies and public organizations develop the capacity to analyze,

correlate and exploit the wealth of knowledge available to them, especially that

in the form of unstructured information.

International Growth

Expert System USA

Acquired the ICM and iLab divisions of ISOCO, a Spanish

company with contacts in South America, specialized in

the development of semantic technology based

software for the management of unstructured

information.

Expert System Iberia

The company's American expansion continues with three offices in Washington

D.C., Chicago and San Francisco and new strategic partnerships:

International Growth:

Further European Expansion

Strategic Partnership with Wabion

Nicky Singh will be responsible growing the co pa y’s business throughout the UK and Ireland with a focus on

both sales and partnership development for the Cogito

semantic technology.

Cogito Ltd and New VP of Sales in UK

Cogito semantic engine enhances Google Search Applia ce’s search results by adding semantic information, thus providing

users with new tools for searching and finding.

The strategic partnership gives Expert System the opportunity to

extend its activities to the German speaking market – Germany, Austria and Switzerland.

International Growth

CY4Gate, a new glo al player in the Cy er Defense Ele troni s field

CY4Gate will use the software and knowledge

developed by the Intelligence Division of Expert

System, along with the Elettro ica’s EW Systems and know-how, to offer products and services for

cyber defense electronics and intelligence to

government organizations operating in the

Security field.

Latest News

May 2015 - Expert System becomes leading provider of semantic technology for

cognitive computing with acquisition of TEMIS

May 2015 - Semantic EXPO: Intelligent search engine to power the Expo Business

Matching platform

May 2015 - Expert System to Present at Google SEMEA Partner Event

May 2015 - Expert System Named to EContent Magazi e’s 2015 Trendsetting Products List

Apr 2015 – Expert System: Cogito API and HackerRank partner for coding challenge

Mar 2015 – Expert System partners with MongoDB

Mar 2015 - Expert System in Forrester Report on Cognitive Computing

Stefano Spaggiari, CEO

spaggiari@expertsystem.com

twitter.com/Expert_System

www.expertsystem.com

www.linkedin.com/company/expert-system

Get in Contact

mailto:mpellacani@expertsystem.com