1. First-Quarter 2009 Financial Results
April 28, 2009
Ed Coleman Janet Haugen Jack McHale
Chairman & CEO Chief Financial Officer Investor Relations Officer
Webcast available on www.unisys.com/investor

2. Disclaimer
• Statements made by Unisys during today’s presentation that are not
historical facts, including those regarding future performance, are forward-
looking statements under the Private Securities Litigation Reform Act of
1995. These statements are based on current expectations and
assumptions and involve risks and uncertainties that could cause actual
results to differ from expectations. These risks and uncertainties are
discussed in the company’s reports filed with the SEC and in today’s
earnings release.
• These presentation materials can be accessed through a link on the
Unisys Investor Web site at www.unisys.com/investor. Information in this
presentation is as of April 28, 2009 and Unisys undertakes no duty to
update this information.

3. Ed Coleman
Chairman & CEO

4. Slide 1
1Q 2009 Overview
• Made progress, in challenging environment, in driving
Unisys turnaround program
• Key points of progress in 1Q:
– Reduced operating expenses (SG&A plus R&D) by 24%
year over year
– Improved services operating margins
– Significant improvement in cash flow
– Revenue/order growth in U.S. federal government business

5. Slide 2
Demand Environment
• Continue to see revenue pressure in weak economy
– Commercial business particularly weak in 1Q
– 1Q revenue down 15% … 5% on constant currency basis
• Revenue decline impacted gross margins
• Technology profit impacted by deferrals of several
ClearPath deals; weakness in Japan
• Continue to execute against turnaround priorities to drive
bottom-line improvement

6. Slide 3
Priorities of Turnaround Program
• Focus resources on fewer markets
Drive
and portfolio offerings
profitable
• Offer clear, differentiated value propositions
revenue
in chosen markets
• Enhance cost-efficiency of labor model Drive cost
to drive gross margin expansion efficiency &
margin
• Simplify organization and reduce expenses

7. Slide 4
Driving Profitable Revenue – Key Actions
• Focused resources on four market areas
– Security, data center transformation/outsourcing, end-user
outsourcing and support, application modernization
• Strengthening portfolio of offerings in 2009
– Introducing differentiated solutions that help clients cut costs,
improve security, achieve greater ROI
• Working to identify/explore potential divestitures of non-
core assets
– Also rationalize our geographic presence

8. Slide 5
Driving Cost Efficiency and Margin Improvement –
Key Actions
• Taking specific actions to reduce annualized cost base
by ~$310 million – up from $225 million
– On track to get out ~$275 million of these costs in 2009
• Multi-pronged approach to reducing cost base and
enhancing margins:
– Enhancing mix of business toward higher-margin areas
– Becoming more efficient in service delivery
– Enhance cost-efficiency of labor model – offshore + onshore
– Simplify business model and reduce expenses
• Strengthened management team

9. Slide 6
Summary
• Taking broad-based actions in support of turnaround
program
• Beginning to see results, despite environment
• Good enthusiasm and energy inside company
• Believe we are taking right actions to reinvigorate Unisys

10. Janet Haugen
Chief Financial Officer

11. Slide 7
1Q09 Order Trends
• Orders impacted by pullback in discretionary spending
• Order declines in all regions except Latin America
• Closed 1Q09 with $5.7 billion in services backlog

12. Slide 8
1Q09 Financial Results
$M 1Q09 1Q08 Y/Y % Ch
Revenue $1,100 $1,301 -15%
Gross Profit $223.0 $293.2 -24%
Gross Profit Margin 20.3% 22.5% -2.2 pts
Operating Expenses (SG&A plus R&D) $201.0 $265.2 -24%
Operating Profit $22.0 $28.0 -21%
Operating Profit Margin 2.0% 2.2% -0.2 pts
Other Expense (6.7) (1.1)
Tax Expense $15.6 $23.9
Net Loss Attributable to Unisys Corporation ($24.4) ($23.4)

13. Slide 9
1Q09 Revenue by Geography
Customer Revenue: $1,100 Million
1Q09 % Change % Change
Customer vs. 1Q08 vs. 1Q08
Revenue (Reported) (@CC)
Latin
America United States $539M flat flat
Pacific 11%
Asia
International $561M -27% -10%
United
11%
States
49% - Europe/Africa $324M -29% -12%
Europe/
Africa
- Pacific Asia $117M -34% -23%
29%
- Latin America $120M -7% +14%
Overall $1,100M -15% -5%

14. Slide 10
1Q09 Revenue by Business
$M
Customer Revenue $1,100M
$500
$400 $425
$340
$300
$200
$142
$100
$79 $77
$37
$0
Outsourcing SI/Consulting Infrastructure Enterprise Core Specialized
Servers Maintenance Technology
% of Total $ 39% 31% 13% 7% 7% 3%
1Q09 vs. 1Q08 -14% -1% -30% -38% -21% 3%
Currency impact -10 pts in 1Q09

15. Slide 11
1Q09 Segment Margin Trends
$M 1Q09 Y/Y Ch
Services
Customer Revenue $984 -13%
Gross Margin 16.2% -230 bp
Operating Margin 2.7% +40 bp
Technology
Customer Revenue $116 -29%
Gross Margin 33.2% -970 bp
Operating Margin (11.7%) -1250 bp

16. Slide 12
Operating Expenses - 1Q09 vs. 1Q08
Operating Expenses = SG&A + R&D
% of
$M Revenue
$300 30%
$265.2
$201.0
$200 20%
20.4%
18.3%
$100 10%
$0 0%
1Q08 1Q09

17. Slide 13
Cash Flow Comparison
$M 1Q09 1Q08 Y/Y Ch
Cash Flow From Operations $39 ($49) $88
Cash Restructuring Payments $27 $21 $6
Capital Expenditures $47 $65 ($18)
Free Cash Flow (Usage) ($8) ($114) $106
Depreciation & Amortization $84 $100 ($16)
Cash Balance $469 $490 ($21)

18. Slide 14
Pension Cash Contributions – Update
• Cash expectations for worldwide pension plans in 2009
• U.S. plans – No cash funding required
• International plans – Expect ~$90-95 million of contributions
• Cash expectations for U.S. pension plan in 2010
• Not expected to be required to make cash contribution under
recently clarified IRS regulations

19. Slide 15
Summary
• Progress on expenses is helping us work through difficult
economic environment
• Improved cash flow, reduced capital expenditures, and
improved working capital management
• Will continue to be aggressive in looking for additional
opportunities to reduce expenses and drive cost-efficiency
and improve the cash flow performance of the business

20. Questions & Answers
Janet Haugen
Ed Coleman
Chief Financial Officer
Chairman & CEO