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As a digital business partner we harness smart solutions to connect technology, market challenges, and people

Annual report 2022

Contents

Ordina at a glance

Key figures Five-year overview

Interview with the Management Board Impressions

Report of the Management Board

Mission and core values Market trends

Value creation model Stakeholder dialogue Strategy 2026

Risk management Governance Statutory provisions

Declaration by the Management Board

Report of the Supervisory Board

Remuneration report

Financial Statements

Contents

Consolidated financial statements

Notes to the consolidated financial statements Company financial statements

Notes to the company financial statements

Other information

List of group companies

Combined independent auditor's report Legal organogram

Glossary

Annex I GRI index

NFI Reference table

Contents Annual report 2022| 2

Contents

Ordina at a glance

4

Financial statements

90

European Single Electronic reporting Format

Key figures1

5

Contents

91

(ESEF) and PDF version

Five-year overview

6

Consolidated financial statements

92

This copy of the Annual Report is the PDF/printed

Interview with the Management Board

8

Notes to the consolidated financial statements

99

version of the 2022 Annual Report of Ordina N.V.

Impressions

10

Company financial statements

164

This version has been prepared for ease of use, and

Report of the Management Board1

Notes to the company financial statements

167

does not contain ESEF information as specified

16

Other information2

in the Regulatory Technical Standards on ESEF

171

(Delegated Regulation (EU) 2019/815). The official

Mission and core values

17

ESEF reporting package is pursuant to section

Market trends

18

List of group companies

172

5:25c of the Dutch Financial Supervision Act made

Value creation model

20

Combined independent auditor's report

173

generally available on our website at https://www.

Stakeholder dialogue

21

Legal organogram

183

ordina.nl/en/investor-relations/annual-report/.

Strategy 2026

24

Glossary

184

In case of discrepancies between this PDF version

Risk management

46

Annex I

188

and the ESEF reporting package, the latter prevails.

Governance

58

GRI index

189

Statutory provisions2

65

NFI Reference table

195

Declaration by the Management Board

67

Report of the Supervisory Board1

71

Remuneration report

80

Interviews Technology and the future

Haroon Sheikh

13

Ilyaz Nasrullah

43

Peter Hinssen

55

Jacqueline Cramer

68

Marcel Levi

77

  1. Sections marked with 1 are part of the annual report pusuant to Section 391 of Book 2 of the Dutch Civil Code
  2. Sections marked with 2 contain the parts of the other information pursuant to Section 392 of Book 2 of the Dutch Civil Code

Contents

Ordina at a glance

Key figures Five-year overview

Interview with the Management Board Impressions

Report of the Management Board

Mission and core values Market trends

Value creation model Stakeholder dialogue Strategy 2026

Risk management Governance Statutory provisions

Declaration by the Management Board

Report of the Supervisory Board

Remuneration report

Financial Statements

Contents

Consolidated financial statements

Notes to the consolidated financial statements Company financial statements

Notes to the company financial statements

Other information

List of group companies

Combined independent auditor's report Legal organogram

Glossary

Annex I GRI index

NFI Reference table

Ordina at a

Ordina at a glance

Ordina at a glance

Contents

Ordina at a glance

Key figures Five-year overview

Interview with the Management Board Impressions

Report of the Management Board

Mission and core values Market trends

Value creation model Stakeholder dialogue Strategy 2026

Risk management Governance Statutory provisions

Declaration by the Management Board

Report of the Supervisory Board

Remuneration report

Financial Statements

Contents

Consolidated financial statements

Notes to the consolidated financial statements Company financial statements

Notes to the company financial statements

Other information

List of group companies

Combined independent auditor's report Legal organogram

Glossary

Annex I GRI index

NFI Reference table

Ordina at a glance Annual report 2022| 4

Ordina at a glance

Ordina N.V. ("Ordina") is the digital business partner that gives our clients an edge by using smart solutions to connect technology, business challenges, and people.

As a digital business partner in the expanding Benelux market, we intend to create long-term value for all our stakeholders. We aim for organic revenue growth at sustainable margins by focusing on specific propositions in the public sector, financial services, and industry markets. Additionally, we drive growth through acquisitions of niche players, and companies for location-independent services, broadening our talent pool. Ordina's high-performance teams ensure a multidisciplinary approach, allowing us to move further up our clients' value chains. These teams are key to our entrepreneurial culture and employee value proposition.

Ordina was founded in 1973. Our ordinary shares are listed on Euronext Amsterdam and are included in the Amsterdam Smallcap Index (AScX). In 2022, Ordina recorded revenue of EUR 429 million. Visit our website for more information.

Contents

Ordina at a glance

Key figures

Five-year overview

Interview with the Management Board Impressions

Report of the Management Board

Key figures 2022

Key figures Annual report 2022| 5

Key figures

(in millions of euros, unless otherwise stated)

Mission and core values Market trends

Value creation model Stakeholder dialogue Strategy 2026

Risk management Governance Statutory provisions

Declaration by the Management Board

Report of the Supervisory Board

Remuneration report

Financial Statements

Contents

Consolidated financial statements

Notes to the consolidated financial statements Company financial statements

Notes to the company financial statements

Other information

List of group companies

Combined independent auditor's report Legal organogram

Glossary

Annex I GRI index

NFI Reference table

Revenue

394.5

429.4

2021

2022

Free cash flow

27.6

27.1

2021

2022

Net profit

24.6

23.9

2021

2022

Revenue from business propositions

47

40

(in %)

2021

2022

EBITDA

Public

50.2

50.4

183.8

á

12.2%

2021 163.9

2021

2022

Financial services

112.8

á

8.8%

Client Satisfaction

Index

2021 103.7

7.8

7.7

Industry

(scale

132.8

á

4.6%

1-10)

2021 126.9

2021

2022

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Ordina NV published this content on 16 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 February 2023 05:48:01 UTC.