drivers to growth

2 2 2

Enhance Leadership

Drivers to Growth

Partner Programme

Product Strategy

Acquisitions

Extended Sales Channel

Technical Leadership

Create Scale

Technology Choice

Broaden Functional Coverage

Rapid Scalability of Delivery

Lower Risk Implementation

Accelerate Growth

Low penetration - Structural Growth Market

3 3 3

Market Dynamics

Core banking is the most exciting software market in the world offering

low penetration coupled with strong drivers

2.1bn

12.6bn

Today

Addressable*

• Slower economic growth

• Lower leverage

• More regulation

• Greater competitive

pressures

10-15% CAGR

*Source: Celent, Gartner, IDC, Temenos estimates; represents bank spending on license and maintenance only for core banking systems

(internal and external)

4 4 4

Temenos proven value proposition

5 5 5

Enhance Leadership

Drivers to Growth

Partner Programme

Product Strategy

Acquisitions



Create Scale

Technology Choice




Accelerate Growth


6 6 6

Broadest Choice

7 7 7

Local Partners

Program Start

Cognizant

Microsoft

Deloitte

Capgemini

Partners add scale to service capability

1000

750

500

250

2010 2009 2007 2008

Nu

mb

ers

of

ex

tern

al Te

me

no

s C

on

su

lta

nts

8 8 8

Enhance Leadership

Drivers to Growth

Partner Programme

Product Strategy

Acquisitions



Create Scale

Technology Choice




Accelerate Growth


9 9 9

Slide 9

T24 Addressable Market

Temenos Current

Addressable Market

INVESTMENT SERVICES

BU

SIN

ES

S IN

TE

LL

IGE

NC

E

INSURANCE

DISTRIBUTION CHANNELS

CRM

GENERAL SUPPORT

PAYMENTS

BANKING

Retail/Universal

Wholesale

Private

Life

General

Asset

mg

mt.

TC

M

R

ISK

& C

OM

PL

IAN

CE

T24

ARC

Insig

ht

AM

L

STeP

10 10 10

Slide 10

Product Extensions into adjacent markets

Add-on revenues continue to grow as a percentage of licence revenues

Compelling value proposition exists for combining add-on products to T24

licences – we successfully execute our strategy to capture a greater

percentage of spend within the client base

ARC

T-Risk

AML

STeP

ARC Mobile Biometrics

2007 2008 2009 2010

<5% % of

licence

revenues 5% 10% 15%

Insight

11 11 11

Product Direction

• T24 SOA and Componentisation

• Major re-architecting of T24 into separately

deployable components progressing well

• Main target is larger banks who seek

• Best of breed components

• Lower risk phased implementations

• First components available before end

2010

• Java version of T24

• New option on IBM and Oracle stacks

• Same code base so development

efficiency not compromised

• Initial benchmark tests completed;

performance targets met

• Beta client identified (Swissquote) and

implementation begun

12 12 12

Enhance Leadership

Drivers to Growth

Partner Programme

Product Strategy

Acquisitions



Create Scale

Technology Choice




Accelerate Growth


13 13 13

Strong Acquisition Track Record

14 14 14 Slide 14

Balance sheet – debt and financing

Pro-Forma

Q3 2010

(USDm)

177.0

162.0

CASH

Credit facilities

Other

161.0

1.0

TOTAL DEBT

Comments

NET CASH 15.0

Held in ST deposits & treasury shares

Obligations under finance leases

Recently refinanced with a USD 350m facility

We expect to have leverage of less than 0.2x net debt to EBITDA by year end 2010

15 15 15

Acquisitions bring us market leadership

Market share in FST

Temenos: 4%

Viveo: 34%

Combined: 38%

Reference Customers

Banque de France

BNP Paribas

Credit Agricole

Expand product offering

AML

STeP

Private Banking Revenues

Temenos: USD 55m

Odyssey: USD 75m

Combined: USD 130m

Reference Customers

RBC

ING

Societe Generale

Expand Tier 1/2 Client List

Temenos: 24

Odyssey: 51

Combined: 68

16 16 16

Strong growth trend

LTM revenues and adj. EBIT since Q3 2005 (USDm)

Adjusted EBIT CAGR of 40%

17 17 17

In Summary

Product strategy

Operating in a growth market

Partner strategy

Acquisition strategy

Ensures steady future growth

drivers to growth

Documents