TECHNOLOGY  |  INNOVATION  |  SOLUTIONS   Agilysys, Inc. (Nasdaq: AGYS)   Fiscal 2013 Fourth Quarter and Full Year Results   June 12, 2013
 TECHNOLOGY  |  INNOVATION  |  SOLUTIONS   Forward-looking statements & non-GAAP financial   information   Forward-Looking Language   This presentation and other publicly available documents, including the documents incorporated herein and therein by reference, contain,   and our officers and representatives may from time to time make, "forward-looking statements" within the meaning of the safe harbor   provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as:   "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "will"   and similar references to future periods. These statements are not guarantees of future performance and involve risks, uncertainties, and   assumptions that are difficult to predict. These statements are based on management’s current expectations, intentions, or beliefs and are   subject to a number of factors, assumptions, and uncertainties that could cause actual results to differ materially from those described in   the forward-looking statements. Factors that could cause or contribute to such differences or that might otherwise impact the business   include the risk factors set forth in Item 1A of our Annual Report for the fiscal year ended March 31, 2012 copies are available from the SEC   or the Agilysys website. We undertake no obligation to update any such factor or to publicly announce the results of any revisions to any   forward-looking statements contained herein whether as a result of new information, future events, or otherwise.      Use of Non-GAAP Financial Information   To supplement the unaudited condensed consolidated financial statements presented in accordance with U.S. GAAP in this press release,   certain non-GAAP financial measures as defined by the SEC rules are used. These non-GAAP financial measures include adjusted operating   income (loss) from continuing operations, adjusted net income (loss), adjusted net income (loss) per share and adjusted cash flow from   operations. Management believes that such information can enhance investors' understanding of the company's ongoing operations. See   the accompanying tables below for reconciliations of adjusted operating income (loss) and adjusted net income (loss), and adjusted cash   flow from operations, to the comparable GAAP measures.      NOTE: Results presented herein are unaudited.   2
 TECHNOLOGY  |  INNOVATION  |  SOLUTIONS   Q4 review: Consolidated results from continuing   operations   3   Q4 Year-over-Year Commentary Statement of Operations ($Mil., except per share)   • Consolidated revenue increased $11.0M   • Products revenue increased 34%   • Support, maintenance and subscription   services revenue grew 8%   • Professional services revenue increased 11%   • Gross profit margin was 39%   • Adjusted operating income increased   $6.9M to $3.3M, reversing prior-period   loss of $3.6M   • Adjusted net income grew $6.7M   • Adjusted EPS improved to $0.15, compared   with loss of $0.16 in fiscal 2012 fourth   quarter   Three Months Ended   March 31,     2013 2012 %   Revenue:      Products $33.9  $25.2  34.3%       Support, maintenance and   subscription services 20.5  19.0  7.7%       Professional services 8.7  7.8  11.4%    Total revenue 63.0  52.0  21.2%       Products 26.5  19.8  33.8%       Support, maintenance and   subscription services 7.0  6.4  8.5%       Professional services 5.3  5.0  6.5%   Cost of goods sold 38.8  31.2  24.2%    Gross profit $24.3  $20.8  16.5%    38.5%  40.0%    Operating income (loss) $0.2  ($19.9)   Adjusted operating income (loss) $3.3  ($3.6)   Adjusted net income (loss) $3.2  ($3.4)   Adjusted net income (loss) per share:   Diluted $0.15        ($0.16)
 TECHNOLOGY  |  INNOVATION  |  SOLUTIONS   Q4 review: Hospitality (“HSG”)   • Total revenue increased 3%   • Products revenue decreased 6%   • Support, maintenance and subscription   services revenue increased 6%   • Professional services revenue up 10%   • Gross profit margin was 70%   • Operating income increased to $4.2M from   an operating loss of $8.6M in 4Q FY12   • Adjusted operating income grew $1.6M to   $4.6M   4   HSG Segment Profit ($Mil.) Q4 Year-over-Year Commentary   Three Months Ended   March 31,   2013 2012   %   Revenue:      Products $6.8  $7.2  (6.2%)      Support, maintenance and   subscription services 13.1 12.3  6.0%       Professional services 3.7 3.4  10.4%    Total revenue 23.5 22.9  2.8%    Cost of goods sold 7.0 7.7  (9.9%)    Gross profit $16.6 $15.2  9.3%    70.4%  66.3%    Operating income (loss) $4.2  ($8.6)    Adjusted operating income  $4.6  $3.0
 TECHNOLOGY  |  INNOVATION  |  SOLUTIONS   Q4 review: Retail (“RSG”)   • Total revenues grew 36%   • Products revenue increased 51%   • Support, maintenance and subscription   services revenue increased 11%   • Professional services revenue increased 12%   • Gross profit margin was 20%   • Operating income was $4.0M, compared   with $0.3M last year    • Adjusted operating income was $4.1M,   versus $0.6M in the fourth quarter of FY   2012   5   RSG Segment Profit ($Mil.) Q4 Year-over-Year Commentary   Three Months Ended   March 31,   2013 2012   %   Revenue:      Products $27.1  $18.0  50.6%       Support, maintenance and   subscription services 7.4 6.7  10.7%       Professional services 5.0  4.5  12.2%   Total revenue 39.5 29.1  35.6%    Cost of goods sold 31.8 23.5  35.4%    Gross profit $7.7 $5.7  36.1%    19.5%  19.4%    Operating income  $4.0  $0.3    Adjusted operating income  $4.1  $0.6
 TECHNOLOGY  |  INNOVATION  |  SOLUTIONS   Q4 review: Corporate and consolidated adjusted   operating expenses   Excluding stock-based compensation:   • Product development expenses increased   $1.4M, or 21%;   • Sales and marketing expenses declined   21% to $5.6M; and,   • General and administrative expenses   decreased $2.4M, or 27%.   6   Q4 Year-over-Year Commentary   Three Months Ended March 31,   2013 2012   Total revenue $0.0  $0.0    Cost of goods sold 0.0  0.0    Gross profit $0.0  $0.0    Operating loss ($8.0) ($11.6)   Adjusted operating loss ($5.4) ($7.2)   Three Months Ended March 31,   2013 2012   Consolidated operating expenses as reported:   Product development $8.4  $6.9    Sales and marketing          5.6           7.1    General and administrative          7.0           9.4    Depreciation          0.7           1.4    Total $21.7  $24.9    Share-based compensation:   Product development $0.2  $0.1    Sales and marketing           -             -     General and administrative          0.5           0.4    Total $0.7  $0.5    Adjusted operating expense:   Product development $8.2  $6.8    Sales and marketing          5.6           7.1    General and administrative          6.5           9.0    Depreciation          0.7           1.4    Total $21.0  $24.4    Consolidated adjusted operating expenses ($Mil.)   Corporate continuing operations ($Mil.)
 TECHNOLOGY  |  INNOVATION  |  SOLUTIONS   Fiscal 2013 full year review: summary cash flow   performance and key balance sheet metrics   • Cash and liquid investments on hand of approximately $83M at March 31,   2013      • Fully valued federal net operating losses of approximately $169M      • Fiscal 2013 full year uses of cash included:   • $6.3M in BEP/SERP payments   • $6.9M in cash expenses related to restructuring activities   • $4.3M in investments in capitalized software development      • Generated adjusted cash flow from operations of $3M in fiscal 2013   7
 TECHNOLOGY  |  INNOVATION  |  SOLUTIONS   Fiscal 2013 full year review: Consolidated results from   continuing operations   • Consolidated revenue up 13%   • Products revenue grew 17%   • Support, maintenance and   subscription services revenue   increased 6%   • Professional services revenue up 15%   • Gross profit margin remained flat at 38%   • GAAP operating loss contracted to $1.1M,   versus $41.2M in prior year   • Adjusted operating income improved   $15.6M, reversing prior-year loss   • Adjusted net income improved $15.7M to   $7.0M, or $0.32 per diluted share   8   Statement of Operations ($Mil., except per share) Fiscal Year-over-Year Commentary   Twelve Months Ended   March 31,     2013 2012 %   Revenue:      Products $123.8  $105.6  17.2%       Support, maintenance and subscription   services 77.1  72.7  6.1%       Professional services 35.2  30.6  15.1%    Total revenue 236.1  208.9  13.0%       Products 96.6  83.6  15.6%       Support, maintenance and subscription   services 27.8  25.7  8.0%       Professional services 21.6  19.8  9.1%    Cost of goods sold 146.0  129.1  13.1%    Gross profit $90.2  $79.8  12.9%    38.2%  38.2%    Operating loss ($1.1) ($41.2)   Adjusted operating income (loss) $7.6  ($7.9)   Adjusted net income (loss) $7.0  ($8.7)   Adjusted net income (loss) per share:   Diluted $0.32          ($0.39)
 TECHNOLOGY  |  INNOVATION  |  SOLUTIONS   Agilysys, Inc. (Nasdaq: AGYS)   Fiscal 2013 Fourth Quarter and Full Year Results   Questions & Answers   June 12, 2013
 TECHNOLOGY  |  INNOVATION  |  SOLUTIONS   Reconciliation of operating income (loss) to adjusted net   income (loss) (unaudited)   10   (In thousands, except per share data)   Three Months Ended Twelve Months Ended   March 31, March 31,   2013 2012 2013 2012   Operating income (loss) $           167  $       (19,949) $         (1,111) $       (41,190)   Share-based compensation expense              783                 546               2,057               2,896    Amortization of intangibles              828                 904               3,382               3,686    Asset impairments and related charges                  (88)                  9,681                  120                   9,681    Impact from revision to prior period financial statements                  -                      -                       -               1,127    Legal settlements 1,664 - 1,664 -   Restructuring, severance and other charges             (28)             5,262               1,496             15,853    Adjusted operating income (loss) from continuing operations (a)           3,326            (3,556)              7,608             (7,947)   Other expenses (income), net             52                  (121)                  471               1,056    Cash income tax expense (benefit) (b)                35                   (23)                  148                  (264)    Adjusted net income (loss) (a) $        3,239  $        (3,412) $           6,989  $         (8,739)   Weighted average shares outstanding:   Basic 21,901           21,773             21,880             22,432    Diluted 22,160           21,773             21,880             22,432    Adjusted net income (loss) per share (a):   Basic  $          0.15  $          (0.16) $             0.32  $           (0.39)   Diluted $          0.15  $          (0.16) $             0.32  $           (0.39)   (a) Non-GAAP financial measure   (b) Taxes calculated based upon our cash tax rate for the three and twelve months ended March 31, 2013 and 2012.
 TECHNOLOGY  |  INNOVATION  |  SOLUTIONS   Reconciliation of operating cash flows from continuing operations   to adjusted cash flow from continuing operations (unaudited)   11   Twelve Months Ended   (In thousands) March 31,   2013 2012   Operating activities:   Net cash (used in) provided by continuing operations $    (10,705) $       5,301   Non-recurring cash items:   Restructuring, severance and other payments            6,924             5,896    BEP/SERP payments             6,271            5,017    Adjusted cash provided by continuing operations $        2,490 $     16,214