Basware Oyj : Roadshow presentation July 2022

B A S W A R E −

T H E N E T W O R K E D P R O C U R E - T O - P A Y V E N D O R O F C H O I C E

Roadshow presentation

July 2022

I M P O R T A N T N O T I C E

The following information contains, or may be deemed to contain, forward-looking statements. These statements relate to future events or future financial performance, including, but not limited to, expectations regarding market growth and development as well growth and profitability of Basware. In some cases, such forward-looking statements can be identified by terminology such as "expect", "plan", "anticipate", "intend", "believe", "estimate", "predict", "potential", or "continue", or the negative of those terms or other comparable terminology. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Future results may vary from the results expressed in, or implied by, the forward-looking statements, possibly to a material degree. All forward-looking statements included herein are based on information presently available to Basware and, accordingly, Basware assumes no obligation to update any forward-looking statements, unless obligated to do so pursuant to an applicable law or regulation.

Nothing in this presentation constitutes investment advice and this presentation shall not constitute an offer to sell or the solicitation of an offer to buy any securities of Basware or otherwise to engage in any investment activity.

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B A S W A R E I N B R I E F
We enable visible
commerce and empower			Nordics
global trade through data
driven insight			36%
We help our customers
simplify operations and	Americas	22%	Europe 36%
spend smarter by automating
their procurement and
finance processes				APAC
We are the global leader in
Accounts Payable with
largest open e-invoicing			% Revenue by area (Q2 2022)
network in the world
#1 in accounts payable		1,347	Network	€1.2tn
automation and	€153m	end-points in
#1-3 in procurement	employees	180+	managed spend
	net sales	in 14 countries	countries	2010-2021
	in 2021	(cumulative)
	*in 2021	in 2021

82%

revenue comes

from cloud*

6%

+152m

invoices
processed through
Basware	3
network in 2021

E S T I M A T E D L O N G - T E R M G R O W T H I N P R O C U R E - T O - P A Y M A R K E T S

US: 7%1

Germany: 13%1

UK: 10%1

Nordics: 6%1

France: 10%1

3.2

0,3

0,3

2,4

					+8%		6.2
		+2%*				5.7
+9%					5.2		0,5
			4.7
					0,5
			4.3			0,8
	4.2	4.2		0,4	0,7
3.7				0,4	0,6
	0,3	0,4	0,5
	0,3
	0,4
0,3	0,4	0,4
0,3
						4,1	4,4
					3,8
			3,2	3,5
	3,1	3,1
2,7

2017	2018	2019	2020	2021	2022	2023	2024	2025
1 2020-2025,CAGR (%), EUR billion. *Covid-19 slows growth in 2020-2021, with no long-term impact. Source: PwC.			4

M A R K E T G R O W T H D R I V E N B Y G L O B A L M E G A T R E N D S

Digitalisation
and	EUR 6.2 billion
automation
	core market*
	potential by 2025

Transition to

cloud

c. EUR 4.3 billion core market* size in 2021

Rapid

technology

development

EUR 153 million

Basware's 2021 net sales

Regulation

and

sustainability

Best-of-

breed

approach

more popular

Covid-19

*Based on Basware's core markets only (US, Germany, UK, Nordics, France), excluding other markets including BeNe and APAC. Sources: PwC; Management information.

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