Anders Lidbeck, President and CEO

July 22, 2014

Financial results Q214

Agenda

Enea Intro

Enea Financials Q214

Way Forward & Outlook

2

Enea is Powering

the Wireless Broadband

R&D OPEX

INVESTMENT

22.1PERCENT

REVENUE

408.5MSEK

NO. OF

EMPLOYEES

387

The market for wireless communication is

expanding rapidly.

Enea is global software company with high

operating profit margins and a large R&D

investment.

Enea already holds a world-leading position

on this market with proven high-performance

solutions.

Networks based on Enea’s Operating Systems

currently serve more than 3 billion wireless

subscribers globally (2014). (Ericsson Mobility

Report, June 2014).

Powering the Wireless Broadband

(2013 numbers)

OPERATING

PROFIT

20.1PERCENT

3

Leading Customers

4

Q214

Financials

5

Improved EBIT & EPS

6

Q214 Q213

EBIT (MSEK): 22.7 22.0

Operating margin (%) 21.9 20.8

Earnings per share (SEK) 1.09 1.04

1H14 1H13

EBIT (MSEK): 40.7 36.0

Operating margin (%) 19.9 17.5

Earnings per share (SEK) 1.98 1.74

Firm Revenues

Q214 Q213

Revenue (MSEK): 104.0 105.7

Growth (%) -1.7 -12.3

Growth (%) (excl. currency effects) -2.2 -9.6

7

1H14 1H13

Revenue (MSEK): 205.0 205.1

Growth (%) -0.1 -13.8

Growth (%) (excl. currency effects) -0.2 -11.5

Recurring Revenues more than 90%

8

Revenues from term-based

development licenses, including

support and maintenance, fell

slightly compared with the

same quarter last year.

Revenues from perpetual

licenses remained unchanged.

Revenues from production

licenses (royalties), remained

unchanged during the quarter

but is slightly lower than

anticipated from a few

customers.

Important Contracts in Different Segments

9

In Europe, a three year term contract

was signed with a major customer

developing Industrial Security

Systems. The customer will be using

Enea OSE in its products.

In North America, a Bridged Services

contract was signed with a leading

supplier of medical equipment. This

contract is worth SEK 12 million.

A significant OSE licensing one year

term agreement was renewed with

an existing Telco customer in Japan.

Global Business

10

Revenue per Product

11

Double Digit Growth in Global Services

12

14% y-o-y growth in Global Services

revenues.

The Services operation in North America

extended a contract worth SEK 17 million

with a large avionics company.

In North America, a Bridged Services

contract was signed with a leading supplier

of medical equipment. This contract is

worth SEK 12 million.

New contract signed with Aero/Defence

customer in the US

New revenues in Germany adding to the

growth

Strong Financial Position

Cash flow from operations amounted to

36.8 (36.2) MSEK.

Cash and cash equivalents and financial

investments at the end of the quarter were

172.2 (175.1) MSEK.

Enea has unused credits of 15 MSEK.

The equity ratio was 77.7 (81.8)%.

13

MSEK

Dividend

Policy; at least 30 percent of profit after tax should be transferred to shareholders.

The Board proposed transferring an amount equivalent to SEK 3.00 (3.00) per share to shareholders.

This is equivalent to a transfer amounting to SEK 49.1 (49.4) million.

Dividend to be executed in the form of an automatic redemption program.

Approved at the Annual General Meeting in Kista, Sweden April 24.

The final date for trade, including the right to redemption shares, 30 April

The share split record date, including the right to redemption shares, 6 May

Trading in redemption shares took place between 8 May and 21 May

The redemption price was paid on 30 May

14

Way Forward

& Outlook

15

Over 20% Investment

in R&D

(22.6% in Q214)

Enea is Powering

the Wireless Broadband16

Product Highlights from Q2

New releases of all our major product lines:

• Version 4.0 of the Enea Linux distribution

• Version 3.4 of Enea Element middleware platform

• Version 5.7.2 of the OSE real-time operating system

New strategic partnership with Linux Foundation:

• As one of four training partners world wide, Enea will provide

Linux Foundation’s courses in embedded Linux

New platforms that leverage the existing portfolio:

• The OSE Compatibility Platform will allow customers to run OSE applications on top of

Enea Linux.

• The System-on-Chip (SoC) platform which integrates

Enea Linux with the OSEck operating system is now

available for Texas Instrument’s “Keystone” devices

17

• Enea Linux 4.0

Yocto based embedded

Linux distributions

Linaro – the ARM

open source community

Hardware independent

Linux distributions

Virtualization

IP communication

Real-time capabilities

18

19

Long Term Ambition

Enea’s ambition during five years, starting 2012, is to create

a global software company with significantly higher

revenues, high profitability, good cash flows and a large

proportion of recurring revenues.

Enea will be focusing on organic growth, but both strategic

and complementary acquisitions will be evaluated regularly.

Growth will vary over the years and between the quarters,

depending on when individual deals take place and the

development of royalty revenue streams which are

dependent on customers’ sales volumes.

The operating margin will vary in line with growth over the

various quarters of the period. Our objective during this five

year period is to achieve an operating margin of 20 percent.

Market Outlook

20

Outlook Q214

We continue to be prepared for

ongoing soft demand, but maintain our

forecast for the year. Our estimate for

the full year 2014 is that earnings per

share will be improved compared with

the previous year.

Enea is Powering the Wireless Broadband

Thank You!

For further information, please contact:

Anders Lidbeck, CEO

anders.lidbeck@enea.com

Håkan Rippe, CFO

hakan.rippe@enea.com

Phone: +46 8 507 140 00