Nemetschek SE — Investor Presentation 2015

Apr 30, 2015

Financial Results Q1 2015 April 30th, 2015

Nemetschek Group Highlights for Q1 2015 (1)

Dynamic start in Q1 2015	 Revenues increased by 30.5% to 66.6 mEUR (previous year: 51.0 mEUR)   Currency-adjusted growth of 25.1%  Acquired Bluebeam contributed 10.0 mEUR in Q1  Organic growth at high 10.9%
Strong revenue increase abroad	 Revenues abroad increased by 41.6% to 43.4 mEUR   Revenues share outside of Germany at 65.2%, thereof Americas at 21.0%  Domestic revenues increased also nicely by 13.8% to 23.1 mEUR
Further focus on internationalization	 Higher footprint in the US via organic growth (Vectorworks, Graphisoft, Scia, Maxon)  and Bluebeam acquisition  Revenues more than tripled in the US  Further focus on US market, Latin America (Mexico, Brazil) and Asia
License and software services up	 Software licenses (+41.4%) and software services (+20.6%) showed  double-digit growth rates in Q1 2015  New customers and recurring revenues secured
Brands specifics	 Bluebeam fits perfectly in our portfolio: Q1 figures demonstrate the strong  development, internationalization well on track  Positive feedback on trade fairs (BAU 2015 etc.)  5D and Open BIM competence further strengthened

Nemetschek Group Highlights for Q1 2015 (2)

Revenue increased strongly in Q1 2015

in mEUR

• Excellent start in the fiscal year 2015
• Q1 2015 revenues increased by 30.5% to 66.6 mEUR
• Currency-adjusted growth of 25.1%
• Bluebeam contributed 10.0 mEUR
• Organic growth of high 10.9% yoy

International growth accelerated

Revenues split Q1 2015 in %

• Market position in the US strengthened via organic growth and through Bluebeam acquisition
• Home market also developed nicely
• Growth potential abroad (Asia, Latin America)

Both software license and software services with double-digit growth

% of revenues

Software licenses:

Up by 41.4% to 34.4 mEUR: New customers wins and increasing customer base

Software services:

Up by 20.6% to 28.7 mEUR: Recurring revenues secured

EBITDA increased stronger than revenues

in mEUR

EBITDA

• EBITDA up by 31.9% to 17.4 mEUR
• EBITDA margin at 26.1%

Further investments in

• Internationalization
• new customer segments
• BIM 5D
• strategic co-operations, etc.

Net income and EPS (w/o PPA) up by 22.0% yoy

Segment overview

Design

• Design segment showed strong organic growth in Q1
• Growth in all main focus regions
• Margin situation improved again

Build

• Bluebeam drove growth in the Build segment (10.0 mEUR contribution)
• Q1 2015 with flat organic development
• Stable margin situation

Manage

• Accelerated growth in Q1: +12.0% revenue growth
• Margin decline because of growth investments

Media & Entertainment

• Very strong start in Q1 2015
• Very high margin planned investments in new customer segments (gaming) will have impact on margins

Cash flow situation

in mEUR

• Operating cash flow
• Nearly flat yoy

Investing cash flow

• Higher Capex with 1.1mEUR
• Investment in distribution network in Italy

Cash flow from financing activities

Repayment of bank loan (3 mEUR)

Net liquidity

Leeway to grow organically and via acquisitions

Q1 2015 Q1 2014

* as of Dec. 31, 2014 and March 31, 2015

 Current situation	 Strong basis due to excellent Q1 figure
 Market conditions	 Robust development of construction markets  Additional growth coming from trends such as Open BIM, 5D, collaboration, mobile solutions, cloud
 Strategic market positioning	 Clear focus on AEC market  Leading in Open BIM solutions  Strong and independent global brands
 Growth potential/ Investments	 Focus on internationalization (North/Latin America, Asia)  Investments in new customer segments (segment media)  Investments in BIM 5D competence  Strategically sound cooperations  Healthy balance sheet  Capable of investing in organic and in inorganic growth
	in mEUR FY 2014 Forecast 2015 Organic

Revenues	218.5	262 - 269 (+20%-23%)	+6%-9%
EBITDA	56.8	62 - 65	-

* USD/EUR plan rate: 1.25

mEUR	Q1 2015	Q1 2014	% YoY
Revenues	66.6	51.0	+30.5%
Own work capitalized/ other operating income	2.2	1.0	+134.9%
Operating income	68.8	51.9	+32.4%
Cost of materials/ purchased services	-2.0	-2.0	+0.8%
Personnel expenses	-30.0	-22.0	+36.5%
Other operating expenses	-19.4	-14.8	+31.2%
Operating costs	-51.4	-38.8	+32.6%
EBITDA	17.4	13.2	+31.9%
Margin	26.1%	25.8%
Depreciation of PPA and amortization	-4.1	-2.1	+95.2%
t/o PPA	-2.5	-1.0	+157.6%
EBITA (normalized EBIT)	15.8	12.0	+31.0%
EBIT	13.2	11.0	+19.7%
Financial result	0.0	0,0
EBT	13.3	11.0	+20.2%
Income taxes	-4.4	-3.2	+36.3%
Non-controlling interests	-0.5	-0.3	+61.3%
Net income (group shares)	8.4	7.5	+11.7%
EPS in EUR	0.87	0.78	+11.7%

mEUR	March 31, 2015	December 31, 2014
Assets
Cash and cash equivalents	73.5	57.0
Trade receivables, net	32.0	28.9
Inventories	0.8	0.7
Other current assets	12.5	11.8
Total current assets	118.8	98.4
Property, plant and equipment	11.6	10.8
Intangible assets	73.4	68.8
Goodwill	120.1	111.3
Other non-current assets	2.9	2.5
Total non-current assets	208.0	193.3
Total assets	326.7	291.7

Balance sheet – Equity and liabilities

mEUR	March 31, 2015	December 31, 2014
Equity and liabilities
Short-term loan	12.0	12.0
Trade payables & accrued liabilities	21.4	26.9
Deferred revenue	48.7	32.4
Other current assets	12.6	13.0
Total current liabilities	94.6	84.3
Long-term loan	45.0	48.0
Deferred tax liabilities	17.9	15.4
Other non-current liabilities	9.4	7.4
Total non-current liabilities	72.3	70.8
Subscribed capital and capital reserve	51.0	51.0
Other comprehensive income	2.2	-12.6
Retained earnings	104.4	96.6
Non-controlling interests	2.2	1.6
Total equity	159.8	136.6
Total equity and liabilities	326.7	291.7

mEUR	March 31, 2015	March 31, 2014	% YoY
Cash at beginning of period	57.0	48.6	+17.3%
Operating cash flow	19.9	20.1	-1.1%
Investing cash flow	-4.1	-1.0	-
t/o CapEX	-1.1	-0.8	+41.5%
t/o Cash paid for acquisition	-3.0	-0.2	-
Financing cash flow	-3.2	-0.4	-
t/o Repayment of bank loans	-3.0	0.0	-
FX-effects	4.0	-0.3	-
Cash at end of period	73.5	67.0	+9.7%
Free cash flow(1)	15.7	19.1	-17.6%

(1) Operating cash flow - Investing cash flow

Disclaimer

This presentation contains forward-looking statements based on the beliefs of Nemetschek AG management. Such statements reflect current views of Nemetschek AG 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 AG does not intend or assume any obligation to update these forward-looking statements.