Nemetschek SE

Investor Presentation • Sep 1, 2022

Company Presentation

Nemetschek Group

September 2022

Financial Results Q2-22

Top Key Figures Q2-22: Strong Growth with Continued High Profitability

Key Financial Highlights H1-22: Very Good First Half of the Year

Strong Results in all Important KPIs

Strategic Highlights First Half 2022

Start-up Investments / M&A

• Venture investment in SymTerra: UK-based, construction site communications platform
• Acquisition of Pixologic to strengthen portfolio for huge 3D animation market
• Acquisition of DC-Software: strategic expansion of technology portfolio in foundation engineering

Innovation & Technological Leadership

• Cloud: Increased offering with introduction of Bluebeam Cloud
• Driving our open and data-first digital twin strategy
• Various Artificial Intelligence initiatives
• Shaping the Metaverse: Nemetschek is a founding member of the Metaverse Standards Forum along with industry players such as Adobe, Epic Games, Meta, Microsoft, and NVIDIA

Operational Excellence

• Ramping-up personal customer contact post Covid at major trade fairs such as:
  • − BIM World (Paris)
  • − Digital Construction Week (London)
  • − digitalBAU (Cologne)
• Continued progress on harmonization and integration initiatives across the group (e. g. Allplan & SDS2, Graphisoft & DDS)
• Formation of Engineering Alliance Europe (SCIA, FRILO and DC Software)
• Full-fledged integration of Pixologic into Maxon
• Governance Structure adjusted for future growth: Supervisory Board expanded from four to six members

Segment Overview H1-22: Highest Growth Momentum in Build and Media

• Slight acceleration of growth in Q2 vs. Q1
• Strong growth (+59%) in Sub./SaaS in first half of 2022 confirms hybrid approach

6

• 103,2 137,8 H1-21 H1-22 +33.5% +24.6% cc1
• Bluebeam again main growth driver
• Strong growth in SMBs, webstore, and international markets support excellent development
• Subscription preparations completed and transition started in Q3

• High growth in all regions combined with a record margin
• Growth supported by Pixologic acquisition

22,0 22,6 H1-21 H1-22

+2.9% +2.9% cc1

• Ongoing restraint in investment activities from customers
• Unchanged promising long-term growth potential

Recurring and Subscription/SaaS Revenues: New Record Levels

At a Glance: Income Statement and Important KPIs

		In % of
Key Figures mEUR	H1-22	revenue	H1-21	Growth y/y
Revenues	396.1	-	324.3	+22.1%
Cost of materials/cost of purchased services	-14.6	3.7%	-12.3	+18.7%
Personnel expenses	-163.5	41.3%	-140.2	+16.6%
Other operating income/expenses	-86.7	21.9%	-70.1	+23.8%
EBITDA	138.4	34.9%	105.9	+30.7%
EBITDA margin	34.9%	-	32.7%	+229bps
D&A (incl. PPA)	-28.8	7.3%	-24.9	+15.6%
EBIT	109.6	27.7%	81.0	+35.3%
EBIT margin	27.7%	-	25.0%	+270bps
Net income (group shares)	89.1	22.5%	62.6	+42.4%
EPS	0.77	-	0.54	+42.4%
FCF (before M&A)	106.4	-	91.6	+16.2%
Equity ratio in %	53.2%	-	49.3%	-
Net Cash	69.6	-	59.7	-

Update & Outlook

Update Bluebeam Transition

Bluebeam's SaaS and subscription transition is on track

Start Q3-22

• Introduce new subscription offerings to all large Managed Direct Accounts in North America, Europe & APAC

Mid Q3-22

• Global Channel Partners begin introducing new subscription offerings to existing customers

End Q3-22

• Global launch across all Bluebeam Websites & Webstores

Phased Global Launch

• Phased approach to ensure a positive customer experience (from the small & mid-size businesses up to the largest multinational enterprise accounts)
• Successful start: Introducing new subscription offerings to largest direct customers in North America, Europe & APAC
• List of customers includes large multinational AEC businesses with annual revenues in the billions
• Mid Q3: Address all managed direct accounts followed by indirect routes-to-market
• End Q3: Global launch across all global websites & webstores following annual user conference

Preliminary Feedback

Customers:

• Customers value the high degree of flexibility of the new cloud and datacentric model, i. e. work from anywhere (home, office, field)
• Cloud and mobile capabilities are both included in the new subscription offerings
• Bluebeam's new cloud offerings are already being used at scale on multiple large projects in the US and customers are planning to roll-out new cloud solutions throughout the rest of 2022

Resellers:

• Very high interest, channel partners see a lot of opportunity for subscription move
• Enablement, onboarding and support is well underway for the phased launch plans

Outlook 2022: Fully on Track to Achieve Our Full Year Targets

2022 Revenue Growth: 12% - 14% (at constant currencies)

EBITDA Margin:

32% - 33%

2021

Revenue: EUR 681.5m

EBITDA Margin:

32.6%

Outlook 2022:

Please note: The outlook is based on the assumption that there will be no deterioration in the economic conditions during the course of 2022 and that the Covid-19 pandemic will continue to be under control.

Contact

NEMETSCHEK SE Investor Relations

Konrad-Zuse-Platz 1 81829 Munich Germany

investorrelations@nemetschek.com www.nemetschek.com

Disclaimer

This presentation contains forward -looking statements based on the beliefs of Nemetschek SE management. Such statements reflect current views of Nemetschek SE with respect to future events and results and are subject to risks and uncertainties. Actual results may vary materially from those projected here, due to factors including changes in general economic and business conditions, changes in currency exchange, the introduction of competing products, lack of market acceptance of new products, services or technologies and changes in business strategy. Nemetschek SE does not intend or assume any obligation to update these forward looking statements.