Technology One Ltd (ASX:TNE) today conducted presentations with Merrill Lynch Australia in Sydney.

Attached is the presentation by the company’s Executive Chairman, Mr Adrian Di Marco.

These slides have been lodged with the ASX and are also available on the company’s web site: www.TechnologyOneCorp.com.

Technology One Ltd Mid Year Presentation - 23 July 2013

Commercial in confidence Final Jul 2013

2013 Mid Year Presentation July 2013

Adrian Di Marco Adrian_Dimarco@TechnologyOneCorp.com

Agenda

Company Overview

2013 Half Year Results Highlight

Company Update Outlook for Full Year Long Term Outlook

Appendix

2013 Half Year Results Detail

TechnologyOne Overview

Formed in

1987 Employees

800+ 300+developers

in R&Dcentre

800+ corporations, government and statutory authorities

14 international offices in Australia | New Zealand South Pacific | Asia United Kingdom

Invest 20% of revenue back into

R&D Continually

profitable since 1992

Doubles in size Every 4 years

One of Australia’s most successful software companies

Revenue

$170+m

800+ high profile customers

TechnologyOne Overview

Financially very strong*… Continually paid dividends since 1996 (16 years) Cash and Equivalents $51.1m Return on Equity 32% Adjusted Return on Equity** 70+% Debt/Equity 10% Interest Cover 50

* as at 30th Sept 2012

** Less surplus cash of $44m

The Competitive Landscape

CLIENT TURNOVER Reckon MYOB

ORACLE SAP/R3

Infor (Sun Systems)

$1,000m

$30m

TechnologyOne

Microsoft Business Solutions $100m

Current market coverage

New expanding market coverage

SAP/Business One

We believe in the freedom of choice

our solution is modular by design

What Makes Us Different

We are one of only a few Enterprise Vendors globally ...

The power of a single, integrated, enterprise system

Suite of 12 products

Deeply integrated

Common platform

Consistent user interface

We focus on seven key markets ...

What Makes Us Different

Market focus & commitment

We sell to asset and service intensive

organisations. We do not service

retail, distribution or manufacturing

industries.

Deep understanding and engagement in our markets

Deeply integrated pre configured solutions

Proven practice

Streamlined implementations

Reduce time, cost and risk

We take complete responsibility for building, marketing, selling, implementing and supporting our enterprise solution for each customer to guarantee long term success.

We do not use implementation partners or resellers

What Makes Us Different

The Power of One

Robust Revenue Model

Robust Revenue Model ...

Initial Licence - based on usage (number of users ) • Matrix of licensable products & modules (approx 300 modules over 12 products) • Once off fee – invoiced on contract signing

Implementation Services - fee for service • $1 Services : $1 Initial licence • Once off fee – invoiced as services rendered

Annual Licence Fee • 22.5% of Initial Licence • Re-occurring every year

Robust Revenue Model

Initial Licence

Annual Licence

Annual Licence

Implementation Service

Initial Buy -Based on: No of Users, Products & Modules

Annual Licence ….

Buy Addn Users - Additional Fee

Initial Licence

Annual Licence

Annual Licence

Annual Licence ….

Buy Addn Modules - Additional Fee

Initial Licence

Annual Licence

Annual Licence ….

Implementation Service

Buy Addn Products** - Additional Fee

Initial Licence

Annual Licence

Annual Licence ….

Implementation Service

** On average our customers have 3.5 products out of a product range of 12 products

Diversity of revenue streams from multiple: • Products (12) • Vertical markets (7) • Geographies (12)

– All states of Australia, New Zealand, South Pacific, Asia and UK

Strong, very loyal blue chip customer base • We provide a mission critical solution – ‘sticky customer base’ • 60+% of our revenues generated from existing customers each year

– Annual licences, increase usage, new modules, new products, ongoing services etc..

TechnologyOne Overview

Key metrics over last 15 years … Revenue - 20% per annum compound

Even through the Dot-Com and GFC Initial Licence Fees - 18% per annum compound Annual Licence Fees - 27% per annum compound Profit Before Tax - 16% per annum compound Dividends - 19+% per annum compound Net Assets - 23% per annum compound

Doubling in size every 4 years for last 15 years

-

10

20

30

40

50

60

70

80

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

$'m

Profit Before Tax Annual Liccence FeesNet Assets Initial Licence FeesDividends

TechnologyOne Overview

Agenda

Company Overview

2013 Half Year Results Highlight

Company Update Outlook for Full Year Long Term Outlook

Appendix

2013 Half Year Results Detail

Results Summary

FY13 FY12 Variance %

Revenue $79.7m $77.3m 3%

Initial Licence Fees $16.3m $18.4m (12%) Consulting Services Fees $22.2m $21.3m 4% Annual Licence Fees $29.9m $25.4m 18% Expenses $68.9m $68.0m 1% R&D Expenses * $17.2m $16.6m 4% Expenses excl R&D $51.7m $51.4m 1%

Profit Profit After Tax $8.7m $7.4m 17%

Profit Before Tax $10.9m $9.3m 17% Other Operating Cash Flow $11.1m $4.4m 151% Cash and Cash Equivalents $50.3m $33.4m 50%

Profit Before Tax Margin 14% 12%

* 22% of revenue v 21% last year

Results Highlights

Good result given challenging and uncertain economic climate Positions us to deliver continuing growth in both revenue and profit for the full year Pipeline for new licences weighted to the second half this year Continued significant investments in a number of key areas as follows:

R&D into TechnologyOne Cloud R&D into Ci² - Next generation of our Ci suite Pre-Configured solutions United Kingdom All costs associated with these investments fully expensed as incurred. These investments will drive growth in future years – discussed later

Refer attached Appendix for more detailed information

Highlights

Agenda

Company Overview

2013 Half Year Results Highlight

Company Update Outlook for Full Year Long Term Outlook

Appendix

2013 Half Year Results Detail

Company Update

Significant Achievements

R&D

TechnologyOne Ci²

TechnologyOne Cloud

Other Initiatives

R&D

2012 R&D was $33.5m, approx 20% of revenue R&D fully expensed as incurred R&D is an important driver for future growth The most ambitious R&D plan in the company’s 25 year history R&D continued across all our Ci products R&D into new innovations, ideas and concepts R&D into the continuing evolution of Ci (code name Ci²) R&D into the TechnologyOne Cloud New Off Shore R&D centre Significant future revenue streams and platform for continuing growth in the

coming years

Significant Achievements

R&D

TechnologyOne Ci²

TechnologyOne Cloud

Other Initiatives

Company Update

Ci² - next generation of our Ci product range R&D into new technologies, innovations, ideas and concepts Simple, easy way forward for our Ci customers Browser based – no more software installs & pervasive Incredibly simple to use, Consumer type software Support smart mobile devices iPhone, iPad, Android etc.. Instant familiarisation High performing and very scalable On Premise and Cloud No more major upgrades - Apps and Enterprise App Store

Platform for significant growth in future years

TechnologyOne Ci²

Enterprise software incredibly simple

Any device, anywhere, anytime

Strategy being developed for roll out of Ci²

Minimise the risks associated with such a large and ambitious project

Maximise the revenue potential at the same time

Early adopters to be identified

Generally available mid/late 2014

TechnologyOne Ci²

Significant Achievements

R&D

TechnologyOne Ci²

TechnologyOne Cloud

Other Initiatives

Company Update

client

Citrix Servers

Database Server

Installation Servers

Distributed Processors

N-tier Application Servers

A complex computing model

Today – On Premise

The old way - Run your own hardware & systems On Premise

..Your Problem

client

Internet connection

A simple computing model

The new way - sign onto a business service

What is cloud

In the Cloud ..Not your problem

TechnologyOne Enterprise Suite in the cloud today, delivered in a browser.

The TechnologyOne Cloud

Power of One We build, market, sell,

Implement, support and now run it all for you

Enterprise Software As a Service

TechnologyOne takes care of everything Running of hardware & software Capital expenditure Backup & Disaster Recovery Responsible to keep it up and running 99.9+% IT staff & IT related issues Future proof - continued evolution of our software &

Infrastructure - we make it happen automatically without your knowledge, involvement or any additional cost

Transforming business, making life simple

Partnerships with a global Infrastructure As a Services (IAS) providers

2 Data centres commissioned in Sydney in “active/active” configuration

TechnologyOne Enterprise suite now optimised for the TechOne Cloud

TechnologyOne Corporate now running on TechOne Cloud for 9+ months

4 Early adopters now being implemented Pepper UK, WA Tourism, WA Small Business Development Council, MTC Works

All TechOne Cloud costs are being fully expensed as incurred

Good pipeline of opportunities emerging Platform for significant growth in future years

The TechnologyOne Cloud

Cloud

TechOne Cloud - a number of years before a meaningful contribution to our profit

Significant Achievements

R&D

TechnologyOne Ci²

TechnologyOne Cloud

Other Initiatives

Company Update

TechnologyOne’s Journey to The Cloud

TechnologyOne’s Journey to the Cloud ...

Email done

Corporate Accounting done

R&D in the Cloud done

Demonstrations in the Cloud Dec 2013

Documents & Files in the Cloud Dec 2013

Consulting in the Cloud Dec 2013

Significant cost savings expected in 2013/2014 year

Better position our solutions & products in a competitive, fast changing landscape

World class marketing capability

Well advanced in the transformation of our Marketing group • Appointed a new Director of Marketing • New Marketing Strategy

• Vertical Market driven • Messaging - simple, clear and powerful messages consistent through out the year • Simplify ‘Buyers Journey’ , ‘Pro-Active’, ‘Just In Time’ • Pro-active rolling calendar of events to support ‘Buyers Journey’ around our markets • Events – smaller, higher quality, quicker & easier to manufacture through out the year • Measure the effectiveness of events to allow us to tailor them • Continually evolving, adapting & responsive events based on the metrics & feedback

Marketing Transformation

Other Initiatives

Transformation of Consulting Business – One Consulting

Transformation of R&D Business – One R&D

Pre Configured Solutions

TechnologyOne Leadership program

Compelling Customer Experience program

TechnologyOne College

United Kingdom • New strategy being implemented • No new contract wins this half • Significant improvement will require UK conditions to improve

Agenda

Company Overview

2013 Half Year Results Highlight

Company Update Outlook for Full Year Long Term Outlook

Appendix

2013 Half Year Results Detail

Outlook for Full Year

Economic environment remains challenging and uncertain

Strong committed annual licence fees in the second half

TechnologyOne enterprise business remains resilient

Good pipeline of opportunities in second half

We expect profit growth of 10% to 15% for the full year

Assumptions

Economic climate does not deteriorate any further and that the current pipeline remains strong

Total expense growth of 3% for the full year • Reduces risk for the business

R&D expense growth of 4% for the full year • TechnologyOne continuing evolution of Ci (Ci²) • TechnologyOne Cloud • New Offshore R&D centre • Round off existing products – ECM, HR & Payroll, Asset Management

Plus revenue will be line ball to last year

United Kingdom – market remains challenging, but expect to continue to reduce losses • UK full year loss of $800k (vs $1.3m loss last year)

Agenda

Company Overview

2013 Half Year Results Highlight

Company Update Outlook for Full Year Long Term Outlook

Appendix

2013 Half Year Results Detail

Improved Margins

Profit margin has contracted over the last 10 years

Expanded our product range investment

Profit margin now started to improve, as predicted

Focus is to substantially improve margins over next five years

21%

26% 26% 25% 25%

21%

17% 17% 17% 18%

0%

5%

10%

15%

20%

25%

30%

35%

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

Net Profit Margin Before Tax

Control R&D Costs

Control R&D costs...

Leveraging our new Offshore R&D centre

Economies of scale

World Class R&D Practices

Maintaining an ambitious R&D agenda

Compound Growth 16% 2002 – 2011

10

20

30

40

50

60

70

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

$'m

2011 Model for R&D Expense Growth

Actual

Projected from2011

Model Compound Growth 8%

$67m

$47m

Historical Compound Growth 16%

R&D Growth Projections

Target for R&D growth of 8% per annum compound, over 5 years set in 2011 • In 2012 year we demonstrated this was achievable with R&D growth of 5% • Continues to be a very aggressive R&D program • Operating leverage & economy of scale • Assumes no Acquisitions in next 5 years, and continuing growth in revenue

In year 5, R&D will be 18.5% of revenue (vs 20% now) In year 10, target for R&D is 15% of revenue Still well above Industry Average of 10% to 12%

2011 Model, shows savings of $20m/year in year 5 (2016)

2012 year growth was 5% This year growth target is 4%

Platform for Continuing Growth

Ci – large and loyal customer base • On average our customers have 3.5 out of 12 products • On average 10% to 20% penetration in each market

Ci² - next generation of our Ci product range • Enterprise software incredibly simple • Enterprise software Any Device, Any Where, Any Time • Early adopters to be identified • Generally available mid/late 2014

TechnologyOne Cloud • Enterprise software as a service • Early adopters now on board • Generally available early/mid 2014

R&D growth of 8% per annum (vs historical average of 16%) • Save $20m in year 5 alone

Ci

Ci²

TechOne Cloud

R&D Growth of 8%

Agenda

Overview

2013 Half Year Results Highlight

Company Update Outlook for Full Year Long Term Outlook

Appendix

2013 Half Year Results Detail

Results Summary

FY13 FY12 Variance %

Revenue $79.7m $77.3m 3%

Initial Licence Fees $16.3m $18.4m (12%) Consulting Services Fees $22.2m $21.3m 4% Annual Licence Fees $29.9m $25.4m 18% Expenses $68.9m $68.0m 1% R&D Expenses * $17.2m $16.6m 4% Expenses excl R&D $51.7m $51.4m 1%

Profit Profit After Tax $8.7m $7.4m 17%

Profit Before Tax $10.9m $9.3m 17% Other Operating Cash Flow $11.1m $4.4m 151% Cash and Cash Equivalents $50.3m $33.4m 50%

Profit Before Tax Margin 14% 12%

* 22% of revenue v 21% last year

Results Highlights

Good result given challenging and uncertain economic climate Positions us to deliver continuing growth in both revenue and profit for the full year Pipeline for new licences weighted to the second half this year Continued significant investments in a number of key areas as follows:

R&D into TechnologyOne Cloud R&D into Ci² - Next generation of our Ci suite Pre-Configured solutions United Kingdom All costs associated with these investments fully expensed as incurred. These investments will drive growth in future years – discussed later

Highlights

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30

40

50

60

2009 2010 2011 2012 2013

$'m

Cash and Equivalents

Balance Sheet

Strong balance sheet Cash & Cash Equivalents $50.3m (vs. $33.4m)

Net Cash*: 14.00c/s (vs.7.55c/s)

Debt/Equity: 8.77% (vs. 13.27%)

Net Assets: $72.4m (vs. $62.4m)

Interest Cover: 52 times

*after debt per share

�

Compound Growth 37%

Up 50%, $16.9m

Mar-13 Mar-12 Var % $'000 $'000 $'000

Cash & Available-for-sale financial assets 50,251 33,410 16,841 50% Trade and other receivables 22,060 21,629 431 2% Other current assets 7,496 11,909 (4,413) (37%) Current assets 79,807 66,948 12,859 19% Property, plant and equipment 13,542 17,587 (4,045) (23%) Intangible assets 16,064 16,320 (256) (2%) Other non-current assets 4,831 4,391 440 10% Non-current assets 34,437 38,298 (3,861) (10%) Total Assets 114,244 105,246 8,998 9% Trade and other payables 14,615 13,966 649 5% Provisions 9,684 9,223 461 5% Unearned revenue 7,317 6,726 591 9% Borrowings 6,355 8,303 (1,948) (23%) Other liabilities 3,849 4,625 (776) (17%) Total Liabilities 41,820 42,843 (1,023) (2%) Net Assets 72,424 62,403 10,021 16% Issues Capital and Reserves 34,791 33,518 1,273 4% Retained earnings 37,633 28,885 8,748 30% Equity 72,424 62,403 10,021 16%

Mar-13 Mar-12 Var % $ '000 $ '000 $'000

EBIT 10,205 8,887 1,318 15% Depreciation & Amortisation 2,858 2,876 (18) (1%) Change in working Capital

(Increase) / Decrease in Debtors 2,596 (5,521) 8,117 147% Increase / (Decrease) in Creditors (1,894) 1,874 (3,768) 201% Increase / (Decrease) in Staff Entitlements (190) (511) 321 63%

Net Interest Paid 523 396 127 (32%) Income Taxes paid (3,122) (3,860) 738 19% Other 106 271 (166) (61%)

Operating Cash Flow 11,081 4,413 6,669 151%

Capital Expenditure (855) (1,683) 828 49% Proceeds from Sale of PP&E and Investments 1,200 0 1,200 100%

Free Cash Flow 11,427 2,730 8,697 319%

Dividends Paid (10,670) (14,209) 3,538 25% Repayment of finance lease (956) (1,131) 175 15% Proceeds from leasing of PPE 0 0 0 0% Proceeds from Shares issued 462 517 (55) (11%)

Increase in Cash & Cash equivalents 262 (12,094) 12,356 102%

Operating Cash Flow $11.1m, up 151% from $4.4m*

Operating Cash Flow $11.1m vs NPAT of $8.7m * As at March 2012

Cash Flow

NPAT $7.4m NPAT $8.7m

$4.4m

$11.1m

0

2

4

6

8

10

12

0

2

4

6

8

10

12

2012 2013

$'m

$'m

NPAT versus Operating Cash Flows

Operating Cash Flows

Dividend

Dividends for this half year Half 1 1.77 cps up 10%* (declared, 85% franked)

Payout ratio of 63%

*Indicative of our confidence for the full year outlook

Notes • We have continuously paid a dividend since 1996 (through Dot-Com and GFC) • As previously disclosed, an independent review of our R&D tax claim last year found a substantial additional tax

concession. Though this is a positive outcome, this will impact the availability of franking credits. As such, our H1 dividend will now be partially franked.

• Our R&D tax claim has now been extended to prior years, and is as yet unquantified, but our expectation is that the H2 dividend will be partially franked. The review of prior R&D tax claims is expected to be completed within next 12 months.

• We expect in future years to return to 100% franked dividends • Once we return to fully franked dividends the Board will again consider paying a Special Dividend • Board is considering other Capital Management initiatives

0.00

0.50

1.00

1.50

2.00

2009 2010 2011 2012 2013

Cent

s per

shar

e

Dividend Compound Growth 19%

up 10%

$1m Down 53% Heads 145, Up 10%

$3.7m Up 43% Heads 218, Down 15%

$1m Up 4% Heads 66, Down 18%

$2.7m Up 46% Heads 292, Down 6% $2.4m Up 38%

Heads 116, Down 17%

0.00.51.01.52.02.53.03.54.0

Sales Consulting PLUS R&D Corporate

$'m

FY11 FY12FY13

Profit By Segment Analysis

Net Profit Before Tax $10.9m, up 17% (up $1.6m) Sales $1m, down 53% (down $1.1m)

Consulting $3.7m, up 43% (up $1.1m)

PLUS $1m, up 4% (up $37k)

R&D $2.7m, up 46% (up $866k)

Corporate $2.4m, up 38% (up $656k)

Profit Contribution Licence Fees down 12%

Revenue Streams

Licence fees down 12% Half year can not be extrapolated, as discussed at AGM Our pipeline this year is weighted towards the 2nd half year. Also in the 2012 half year there was an unusually large

contract with a million+ dollar licence fee that was booked Pipeline for second half is good Continued growth in Licences expected in full year

Annual licence fees continue to grow strongly: up 18%

Compound growth over the last 10 years is 18%

Customer retention is important

Our investment in Compelling Customer Experience program and Ci² is critical for the future

Revenue Streams

Product Consulting revenue up 4% Consulting profit up $1.1m, 43% on prior year

A new Operating Officer Consulting Transformation of this business unit to ensure

world best practice & continuing strong growth Compound growth over the last 10 years is 15%

Plus (non product consulting) revenue down 10% Plus profit is up $0.04m, 4% on prior year

Merged into our Consulting Business, with a new Manager

Strategy to move this business to ‘value added’ services around our Ci products

Market conditions for non Ci product services challenging

Licence Fee Contribution - Vertical Market

Utilities, $2.3m, 14%

Health & Community Services, $2.3m, 14%

Managed Services, $664k, 4%

Education, $5.3m, 33%

Local Government, $3.5m, 21%

Government, $1.7m, 11%

Financial Services, $520k, 3% Licence Fee Contribution - Vertical Market