Nemetschek SE

Investor Presentation • Sep 3, 2020

Nemetschek Group

Company Presentation

September 2020 | Dr. Axel Kaufmann, Spokesman & CFOO

Irina Viner-Usmanova Rhythmic Gymnastics Center, Moscow, Russia Architects: Creative Production Union PRIDE | Realized with Graphisoft

Nemetschek's Key Figures: 5 Years - 5 Achievements

¹ TSR: Total shareholder return: Share price performance + dividend | 2014–2019 | 2 Peer group: International software companies

NEMETSCHEK GROUP Provides Expertise Along the Complete AEC Value Chain

Nemetschek Is Well Positioned!

Nemetschek SE

Attractive end	Unique market	Attractive business	Strong financial	Value accretive
markets	position	model	position	M&A
Huge growth potential Structural long-term growth drivers (low degree of digitalization) Growth supported by regulation	Best in class products Product offering along the complete AEC value chain Leader in Open BIM Close proximity to customers within our 4 divisions	Highly profitable Strong cash conversion (> 90%) High share of recurring revenues (approx. 60%) High returns (ROCE > 20%)	Very healthy balance sheet Net debt/EBITDA: 0.4x Equity ratio: 43% EUR 200m credit line secured Long-term anchor shareholder	Strong track record of bolt-on acquisitions (e.g. Bluebeam) Disciplined approach Substantial financial fire power Focus on long-term value generation

Operating mode via four strong divisions with leading global brands

Sustainability: Gaining a Greater Importance for Our Customers

The FOOTPRINT of the Building Industry

Buildings and construction account for

| 36% of global final energy use and | 39% of energy-related CO2 emissions

During the construction phase

| 10% of materials are wasted | 30% of construction is rework

In 90% of all projects, time or cost overruns occur

Sources: Global Status Report 2019, UN Environment and the International Energy Agency. Engineering-News Record 2018/2019.

02 AEC Market Opportunities BIM Market Potential

Wardian London, London, Great Britain

Contractor: Ballymore; Image: Jason Hakwes | Realized with Bluebeam

Challenges in the Construction Industry

Source: Engineering-News Record 2017.

What is BIM? There Are Different BIM Levels

Source: Based on "The BIM Maturity Model by Mark Bew and Mervyn Richards adapted to reflect BLM's relationship to Level 3".

Our markets: AEC BIM Software Market offers huge potential

BIM Maturity Map

Source: Cambashi BIM Design Observatory 2020, internal research.

03 Financial Results Q2 / H1 2020

Top Key Figures Q2-2020: Covid-19 impacts visible, ongoing in Q3

Key Business Highlights H1-2020: Solid First Half Year Despite Challenging Environment

Solid Financial Performance M&A Transactions, Divestitures

Q1-2020: Red Giant by Maxon Q1/Q2-2020: Integration of Red Giant and Redshift progressing as planned

Planning & Design Division:

Q2-2020: ADAPT by RISA. Strengthens structural engineering competence in the US

Globally Positioned: Strong Regional Diversification Balances Risks

H1-2020: US market still solid, but high uncertainty for Q3

Strong Growth in Recurring Revenues: Subscription Is Key Driver

Revenue distribution H1-2020

At a Glance: Income Statement and Important KPIs

Key Figures mEUR	Q2 2020	Q2 YoY	H1-2020	H1 YoY	in % of revenue
Revenues	141.6	+2.7%	288.2	+7.6%	100.0%
Cost of materials/cost of purchased services	-5.9	+20.3%	-11.0	+19.1%	3.8%
Personnel expenses	-64.0	+6.3%	-129.6	+10.2%	45.0%
Other operating income/expenses	-30.8	-5.5%	-65.0	+1.2%	22.6%
EBITDA	40.7	+1.9%	82.6	+7.7%	28.7%
EBITDA margin	28.8%	-20bps	28.7%	+10bps	-
D&A (incl. PPA)	-12.3	+18.8%	-25.0	+23.4%	8.7%
EBIT	28.4	-4.0%	57.6	+2.1%	20.0%
EBIT margin	20.1%	-140bps	20.0%	-110bps	-
Net income (Group shares)	21.1	-3.4%	42.5	+2.6%	14.8%
EPS	0.18	-3.4%	0.37	+2.6%	-
Operating cash flow	35.2	+1.2%	78.2	+12.9%	-
Free cash flow (ex M&A)	33.1	+19.7%	73.6	+30.0%	-
Equity ratio in %	43.3%	-	43.3%	-	-
Net debt (liquidity)	30.6	-	30.6	-	-

Our Business Model in Light of a Crisis Scenario

Covid-19 Impact: Status Quo after H1-2020

Covid-19 impact so far:

• Slowdown in Europe in Q2
• High uncertainty in US
• Strong decline in new licenses as expected
• Solid growth in recurring revenues

First measures quickly implemented:

• Sales & support activities adapted to new environment
• Cost saving measures initiated
• Financial position further improved, i.e. additional credit line of EUR 200m

Our working assumptions

• Deceleration in Q2 not as severe as feared
• Postponements from Q2 and slowdown to last into Q3 (especially in the US)
• Timing of Covid-19 impact on our business:

By division:

Design M&E Manage Build By geography:

APAC Europe Americas

Continued weakness in new licence & solid growth in recurring revenues

Status quo after H1-2020 Our response to the challenges

• Our first priority is the safety of our employees and customers
• We ensure business continuity and support our customers and the society in this difficult situation
• We will continue to...:
• monitor the situation closely and steer the business on sight
• be flexible and quick to react to new developments (e.g. Spacewell workplace solutions)
• stay opportunistic

Outlook 2020: Confirmed after the First Half Year

	Unique DNA & Dynamic Markets		Investment Highlights			Key Figures mEUR	H1 2020 H1 2019			%YoY %YoYcc* FY 2019
		Founded 1963 by Prof. Georg Nemetschek			Positioning	Focus on AEC, leading in Open BIM	Revenues	288.2	267.7	+7.6%	+6.6%	556.9
	Leading global Open BIM software provider in AEC 4 customer-oriented divisions with 16 strong brands ~6.0 million users around the world Highest quality, user-friendly, innovative Growth drivers: Digitalization in AEC far behind other industries, BIM regulations worldwide, switch from 2D to integrated digital 3D workflow solutions					Focus on customer needs	EBITDA	82.6	76.6	+7.7%	+5.5%	165.7
			Financials Stable margins, healthy balance sheet Strong cash generation		EBITDA margin	28.7%	28.6%	-	-	29.7%
				Focus on internationalization Growth factors		EBIT	57.6	56.4	+2.1%	-	150.5
			Driving innovations: Open BIM, digital		EBIT margin	20.0%	21.1%	-	-	27.0%
				workflows, collaboration Organic, acquisitions		Net income	42.5	41.4	+2.6%	-	127.2
						EPS	0.37	0.36	+2.6%	-	1.10
	Business Overview – Covering complete value chain in AEC + Media						Operating cash flow	78.2		69.3 +12.9%	-	160.4
	rchitecture  A	ngineering  E	C onstruction (		AEC )		Free cash flow	-10.1		-41.0 +75.4%	-	76.6
Divisions	DESIGN					MEDIA &	Free cash flow**	73.6		56.6 +30.0%	-	174.5
			BUILD		MANAGE	ENTERTAINMENT	Equity ratio in %	43.3%	33.6%	-	-	40.7%
							Net cash	-30.6	-89.7	-	-	21.0
							Headcount	3,014	2,776	+8.6%	-	2,875
							constant currency *without M&A investments
Brands							Guidance		FY 2020
							Revenue At least stable to slight increase
							EBITDA margin > 26%
						Management Team
							Dr. Axel Kaufmann	Spokesman, CFOO & CDO Media & Ent.
							Viktor Várkonyi	Chief Division Officer, Planning & Design
Revenues* (Growth) EBITDA margin	H1 2020 149.8 (-1.6%) 30.9%	FY 2019 314.6 (+10.2%) 32.4%	H1 2020 FY 2019 96.8 (+13.5%) 177.7 (+25.6%) 38.2% 34.7%		H1 2020 FY 2019 19.6 (+11.5%) 38.5 (+178.8%) 13.8% 20.5%	H1 2020 FY 2019 25.6 (+55.1%) 33.9 (+23.2%) 26.9% 27.8%	Jon Elliott	Chief Division Officer, Build & Construct
* in mEUR							Koen Matthijs				Chief Division Officer, Manage & Operate
	Revenues by Regions (H1 2020)	Revenues by Type (H1 2020)			Shareholder Structure & Share Price Development		Supervisory Board
	Subscription* Asia/Pacific 13,9% 9% Germany 25%		Software		52.6% by Family Nemetschek; 47.4% Free float		Kurt Dobitsch		Chairman
			licenses 34,8%			Prof. Georg Nemetschek	Deputy Chairman
Europe w/o Germany Americas 32% 34%							Rüdiger Herzog, Bill Krouch Board Members
		Consulting & Hardware Software 4,5% services*				Key Stock Figures
						ISIN / WKN	DE0006452907 / 645290
						Number of shares / IPO		115,500,000 / March 10, 1999
						Indices / Ticker symbol	MDAX, TecDAX / NEM GY, NEKG, DE
		46,8%				Current market cap	EUR 7.2 billion

* = Recurring revenues in total: 60.7%

Contact

NEMETSCHEK SE Investor Relations

Konrad-Zuse-Platz 1 81829 Munich Germany

investorrelations@nemetschek.com www.nemetschek.com

Safe Harbor Statement

The presentation today does contain forward-looking statements about our strategies, products, future results, performance or achievements, financial, operational and otherwise, including statements about our strategic priorities, guidance and our mid-term goal, our M&A strategy, and our capital allocation initiatives. These statements reflect management's current expectations, estimates and assumptions based on the information currently available to us. These forward-looking statements are not guarantees of future performance and involve significant risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from results, performance or achievements expressed or implied by the forward-looking statements contained in these presentations.

Nemetschek undertakes no obligation to publicly update or revise any forward looking statements. All forward looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. Readers are cautioned not to place undue reliance on these forward looking statements, which speak only as of their dates.