SoftTech Engineers Limited — Investor Presentation 2024

Jun 20, 2024

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Date: June 20, 2024

To,

National Stock Exchange of India BSE Limited Limited Floor 25, Phiroze Jeejeebhoy Towers “Exchange Plaza”, C-1, Block – G Dalal Street, Bandra – Kurla Complex Mumbai – 400001 Bandra (East), Mumbai – 400051 Scrip Code: 543470 Symbol: SOFTTECH

- Subject: Investor Presentation Intimation of Schedule of Analyst / Institutional Investor Meetings under the SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015.

Dear Sir/ Madam,

In furtherance to our letter dated June 18, 2024, regarding officials of the Company will be meeting Investors/Analysts (Participants), We have enclosed herewith a copy of Investor Presentation that will be shared with the Analyst/Investors.

This Intimation is given pursuant to Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Thanking you,

For SoftTech Engineers Limited

SHALAKA SATISH KHANDELWAL Digitally signed by SHALAKA SATISH KHANDELWAL DN: c=IN, st=Maharashtra, 2.5.4.20=0ff52ac746976b289e76b59faf4c2c77a579869546f239207296924c081dfadb, postalCode=411041, street=FLAT NI D 1 902 GANGA BHAGYODAY SINHAGAD ROAD NEAR MANIBAUG PETROL PUMP PUNE CITY, pseudonym=a3f3c8b1a309141bf53ca4a8e87f6505, serialNumber=c5a400455bb9bb1178c59c80eca2f9d073b1d9c24f53ed346dd20b5d646eb970, o=Personal, cn=SHALAKA SATISH KHANDELWAL Date: 2024.06.20 18:11:41 +05'30'

Shalaka Khandelwal

Company Secretary Encl: Investor Presentation

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Investor Presentation May 2024

Disclaimer

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This presentation and the accompanying slides (the “Presentation”), have been prepared by SoftTech Engineers Limited (the “Company”) solely for information purposes and do not constitute any offer, recommendation, or invitation to purchase or subscribe to any securities and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.

Certain statements in this presentation concerning our future growth prospects are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The Risk and uncertainties relating to the statements include but are not limited to, risks and uncertainties regarding fiscal policy, competition, inflationary pressures, and general economic conditions affecting demand/supply and price conditions in domestic and international markets. The Company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.

This Presentation has been prepared by the Company based on information and data which the Company considers reliable. This Presentation not be all-inclusive and not contain all the that consider material. may may of information you may Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. The Company does not make any promise to update/provide such a presentation along with results to be declared in the coming quarters and years.

Q4FY24 Earnings Presentation

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Table of Contents

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|||
|---|---|
|5-13|Company Overview|
|15-21|Q4 & FY24 Performance|
|23-27|Business Overview|
|29-34|Historical Performance|
|36-39|
|Industry Overview|

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Q4FY24 Earnings Presentation

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Company Overview

SoftTech – Dominant Civil-Tech Product Company

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Creating cutting-edge SaaS products for the architecture, engineering, and construction (AEC) sectors with over 80% of market share in India in its domain

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Established in 1996, 25+ years in AEC Industry

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Presence across US, UK, Middle East and Singapore

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7+ products & solutions 20,000+ License users

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500+ Employee; expertise in product R&D ISO Certified

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18+ Indian state governments
600+ Serving clients
Listed on BSE & NSE Main
Board in 2022
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Q4FY24 Earnings Presentation

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25 years of Developing Intellectual Property

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Solutions Monetized & IP Sold Current Solution Portfolio
1996 2000 2007 2008 2009 2019 2020 2022 2023 Future
•Green Building
Visibility in
Permits
Overseas
•Energy
Market in
Management
terms of
Solutions
Revenue
•IoT based Central
Water
Management
STRUDS AutoDCR OPTICON RuleBuddy System
Launch of Civit
Solution Suite
SEPL-ESRGSR PWIMS BIMDCR
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Q4FY24 Earnings Presentation

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Civit Platform – Full Stack Solution for AEC

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All-in-one AI-powered application suite for Government, Architects, Builders/Developers and Contractors.

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PLANNING
Automated AI-powered accurate and fast plan
Digital twin related solution to help visualize and
compliance check and variance reporting
direct tactile interaction with assets as well as physical
solution
intelligence
COMMON DATA &
INTELLIGENCE
CLOUD
PLATFORM
Integrated business and construction solutions for PROCUREMENT Permit management and compliance
developers and contractors validation solution
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Public infrastructure work management solution

Q4FY24 Earnings Presentation

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Presence Across Value Chain

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Catering to all Aspects of the Real Estate, Construction, and Infrastructure Industry.

Public Sector Infrastructure/Real Architects/C Government Contractors Companies Estate Companies onsultants CivitPERMIT CivitPLAN CivitBUILD CivitINFRA CivitOPERATE Energy & Sustainability Services

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Q4FY24 Earnings Presentation

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Dominant India Presence – Going Global

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Harnessing the market potential within the nation and worldwide.

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Jammu MC
(AutoDCR)
Uttarakhand PWD
Punjab PWD
(PWIMS)
(PWIMS)
Ghaziabad
Development
Jaipur Development
Authority
Authority (AutoDCR)
(PWIMS)
PWD West Bengal
(PWIMS)
Gujarat State Order
(AutoDCR) Mizoram PWD
(PWIMS)
Mumbai Municipal
Corporation Jharkhand State order (AutoDCR)
(AutoDCR) MPUIIP (AutoDCR)
Pune Municipal Corporation
(AutoDCR) Telangana State Govt order
(AutoDCR)
Andhra Pradesh
MIDC (AutoDCR & PWIMS)
state order (AutoDCR)
Chennai Municipal
Kerala State Order (AutoDCR)
Corporation (AutoDCR)
Municipal/local
order
State wide order
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USA UK
Establishment in Place Strategic account in
and POC in progress Finland secured with
partner
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Singapore
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Middle
East
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Few strategic accounts Few strategic accounts established. opened in EMEA. Structured expansion Establishment in Place - plan in motion Team Hired

Q4FY24 Earnings Presentation

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Profit Driven Growth Strategies

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Our strategy is supported by three pillars - scale up, innovation and transformation

Make Tech

Civit Suite –Plan, Permit , Build, Infra Civit OPERATE Civit CORE BtrLyf – Building Energy Management

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Integrate/Grow Current Plays

Scale SoftTech Globally Grow all units with internal portfolio projects as well as external partnerships, e.g. Blackstone

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Merge, Acquire and Scale

Merge:

Civit holds the key to built environment data lake by being the CDE for a unified platform and having sufficient global presence at this stage for global SaaS selling. Key partners entities would be merged or acquired as needed for setting up growth plans/targets.

Buy/Use Tech

Build Services Capability

Scale:

Autodesk Suite – BIM 360, Forge Dassault Systems - 3D Experience IES - Operational DT

Build service and with support team in India to support SaaS delivery as well as take on project advisory or associated services

Integrated sales and marketing effort can quickly start adding users to each platform to build revenue, margins and thus future cash flows for much higher overall valuation. Acquire missing links where needed

Q4FY24 Earnings Presentation

10

Strategic Investment Framework

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Comprising of Annuity & Pay Per Use
Diversified Revenue Mix
Model
Innovative Products & customized for
Niche Products & Services
AEC space
What Sets us Apart Strategic partnerships with tech
Collaborating with Latest
giants to deliver cutting edge
Technology
products & services
Penetrating domestic & international
Expanding Footprint
regions to cater to diverse markets
Customer Centric Delivery Customizations according to
Model customer’s needs
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Q4FY24 Earnings Presentation

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Technocrat Leadership

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Vijay Gupta
Founder, Chairman & MD
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IIT Mumbai alumnus, firstgeneration entrepreneur. 29+ years' experience in CAD/CAE software development.

Priti Gupta Whole Time Director With 12+ years' experience in business processes and management. Oversees training, HR & Admin operations.

Pratik Patel Whole Time Director 10+ years of experience of handling managerial assignments in software dev and real estate business

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Sridhar Pillalamarri Independent Director

B.Tech (IIT Kharagpur), M.Tech (IIT Powai). 30+ years of management experience

Mr. Yogesh Desai Independent Director

Sundararajan Srinivasan Dr. Rakesh K Singh Independent Director Independent Director IIT Bombay Master's, 31 years Post Grad Physics (Pune Senior Professor at IIT Bombay with 41 of global innovation in Univ.), Comp Science & Engg years in Structural Engineering, computing, communication, (IIT Mumbai). 30+ years exp Computational Mechanics, and Technical and control. in Bigdata, Machine Vision etc Software Development.

Q4FY24 Earnings Presentation

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Roadmap to FY2027 – 3x in 3 years

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Leadership in BIM Based cloud Permit system in the world Create No. 1 integrated AEC vertical platform connecting Government, Private Enterprises, & Citizens Expand into various geographies specifically 25 counties & cities in US Reach $25mn Annual Topline with 40%+ EBITDA Margin

Q4FY24 Earnings Presentation

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Q4 & FY24 Performance

Q4 & FY24 Performance Highlights

Domestic Business

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The company has received an Order from MIDC (Maharashtra Industrial Development Corporation) as consortium partner for ERP software

• Additionally, the company has grabbed the following strategic accounts

• CMDA (Chennai Metropolitan Development Authority)

• SRA (Slum Rehabilitation Authority – Govt of Maharashtra)

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International Business

In the UAE, the company received its first order for Civit Build from UECC and has created a strong sales funnel, with results expected to be visible this year

• DTCP – Assam

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Strategic Collaborations

• The company has established strategic channel partnerships in both the UAE and Malaysia

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Penetrating Newer Markets

• The company is exploring new opportunities in emerging markets such as Malaysia and Oman

Q4FY24 Earnings Presentation

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Q4 & FY24 Financial Snapshot

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Revenue - Revenue EBITDA - EBITDA was
stood at Rs. 2,274 lacs; Rs.659 lacs; up 1% YoY
up 24% YoY
Profit After Tax -
-
Standalone PAT was Order Book ₹ 12,738 Lacs
Rs.214 lacs, up 40% YoY Orderbook FY24 Performance
(Standalone)
Q4FY24 Performance
Revenue - Revenue EBITDA - EBITDA was
(Standalone) stood at Rs. 7,861 lacs; Rs.2,473 lacs; up 16%
up 20% YoY YoY
Profit After Tax - -
Order Pipeline ₹ 13,799
PAT was Rs.697 lacs ; up
Lacs Pipeline in India going
20% YoY
forward
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Q4FY24 Earnings Presentation

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Q4FY24 Financial Performance

EBITDA & EBITDA Margin (%)

Revenue from Operations

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Standalone
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2,274
1,828
Q4FY23 Q4FY24
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651 659
36%
29%
Q4FY23 Q4FY24
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586
508
28%
26%
Q4FY23 Q4FY24
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Consolidated
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2,236
Q4FY24
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1,834
Q4FY23
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PAT & PAT Margin (%)

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214
153
9%
8%
Q4FY23 Q4FY24
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123
5%
13
1%
Q4FY23 Q4FY24
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(₹ in Lacs unless otherwise specified)

Q4FY24 Earnings Presentation

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FY24 Financial Performance

EBITDA & EBITDA Margin (%)

Revenue from Operations

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Standalone
Consolidated
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7,861
2,473
2,128
6,534
33%
31%
FY23 FY24 FY23 FY24
7,878
2,135
1,938
6,540
30%
27%
FY23 FY24 FY23 FY24
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PAT & PAT Margin (%)

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697
580
9% 9%
FY23 FY24
362
332
6%
4%
FY23 FY24
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(₹ in Lacs unless otherwise specified)

Q4FY24 Earnings Presentation

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Quarterly Revenue Mix

Nature of Revenue Mix

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1,218
1,056
927
900
Q4FY23 Q4FY24
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Product Wise Revenue Breakup

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650
250
72
319
1,551
1,258
Q4FY23 Q4FY24
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AutoDCR PWIMS Others

One Time License Model Recurring Model

(Standalone nos. in ₹ in Lacs)

Q4FY24 Earnings Presentation

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Annual Revenue Mix

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Nature of Revenue Mix

Product Wise Revenue Breakup

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4,022
3,840
3,454 3,549 1,750
2,985 1,197 265
1,038
2,373
2,292 1,263
470
589
581
5,847
1,275
4,237 4,074
2,988
FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24
One Time License Model Recurring Revenue AutoDCR PWIMS Others
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(Standalone nos. in ₹ in Lacs)

Q4FY24 Earnings Presentation

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Quarterly Standalone Income Statement

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Particulars (₹ Lacs)	Q4FY24	Q4FY23	YoY	FY24	FY23	YoY
Revenue from Operations	2,274	1,828	24%	7,861	6,534	20%
Total Expense	1,615	1,177	37%	5,388	4,407	22%
EBITDA	659	651	1%	2,473	2,128	16%
EBITDA Margin (%)	29%	36%	--	31%	33%	---
Other Income	89	38	137%	262	171	54%
Depreciation & amortization expenses	351	281	25%	1,343	1,046	28%
Finance Cost	110	118	-7%	456	392	16%
Profit Before Tax	287	289	-1%	936	861	9%
Total Taxes	72	137	-47%	239	281	-15%
Profit After Tax	214	153	40%	697	580	20%
PAT Margin (%)	9%	8%	--	9%	9%	---
Diluted EPS (₹)	1.67	1.36	23%	6.17	5.48	13%

Q4FY24 Earnings Presentation

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Quarterly Consolidated Income Statement

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Particulars (₹ Lacs)	Q4FY24	Q4FY23	YoY	FY24	FY23	YoY
Revenue from Operations	2,236	1,834	22%	7,878	6,540	20%
Total Expense	1,651	1,326	25%	5,742	4,602	25%
EBITDA	586	508	15%	2,135	1,938	10%
EBITDA Margin (%)	26%	28%	--	27%	30%	---
Other Income	64	41	58%	229	143	60%
Depreciation & amortization expenses	351	281	25%	1,344	1,046	29%
Finance Cost	110	118	-7%	456	393	16%
PBT	188	150	26%	564	643	-12%
Total Taxes	65	137	-52%	232	281	-17%
Profit After Tax	123	13	842%	332	362	-8%
PAT Margin (%)	5%	1%	--	4%	6%	---
Diluted EPS (₹)	0.99	0.27	267%	3.17	3.78	-16%

Q4FY24 Earnings Presentation

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Standalone Balance Sheet

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Balance Sheet (₹ Lacs) FY24 FY23	Balance Sheet (₹ Lacs) FY24 FY23
Assets	Equity
PP&E 344 402	Equity Share Capital 1,282 1,016
Right-of-Use Assets 692 823	Other Equity 12,148 9,902
Intangible Assets 5,638 3,546	Total Equity 13,430 10,917
Investments & Other Financial Assets 2,778 2,248
Income Tax Assets (net) 15 292	Non-Current Liabilities
Deferred tax assets (net) 195 95	- Borrowings 415 881
Other Non-Current Assets 6 36	- Lease Liabilities 626 723
Contract Assets 34 0	- Other Financial Liabilities - -
Total Non-Current Assets 9,703 7,443	Provisions 149 117
	Total Non-Current Liabilities 1,190 1,721
Current Assets
-Trade Receivables 4,636 2,608	Current Liabilities
-Cash & Cash Equivalents 29 62	- Borrowings 2,721 3,117
Investments & Other Financial Assets 1,142 1,063	- Lease Liabilities 88 82
Other Current Assets 4,873 5,717	- Trade Payables 1,017 577
Total Current Assets 10,680 9,450	Other Current Liabilities 1,739 348
	Provisions 77 72
	Current Tax Liabilities (Net) 121 58
	Total Current Liabilities 5,763 4,255
Total Assets 20,383 16,893	Total Equity & Liabilities 20,383 16,893

Q4FY24 Earnings Presentation

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Consolidated Balance Sheet

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Balance Sheet (₹ Lacs) FY24 FY23	Balance Sheet (₹ Lacs) FY24 FY23
Assets	Equity
PP&E 345 403	Equity Share Capital 1,282 1,016
Right-of-Use Assets 692 823	Other Equity 11,226 9,277
Intangible Assets 5,638 3,546	Total Equity 12,508 10,293
Investments & Other Financial Assets 1,846 1,710
Income Tax Assets (net) 23 292	Non-Current Liabilities
Deferred tax assets (net) 202 95	- Borrowings 416 881
Other Non-Current Assets 40 36	- Lease Liabilities 626 723
Total Non-Current Assets 8,787 6,905	Deferred Tax Liability 22 -
	Provisions 149 117
Current Assets	Total Non-Current Liabilities 1,212 1,721
-Trade Receivables 4,579 2,615
-Cash & Cash Equivalents 141 86	Current Liabilities
Investments & Other Financial Assets 1,114 961	- Borrowings 2,721 3,123
Other Current Assets 4,882 5,717	- Lease Liabilities 88 82
Total Current Assets 10,715 9,379	- Trade Payables 1,023 587
	Other Current Liabilities 1,752 348
	Provisions 77 72
	Current Tax Liabilities (Net) 121 58
	Total Current Liabilities 5,782 4,270
Total Assets 19,503 16,284	Total Equity & Liabilities 19,503 16,284

Q4FY24 Earnings Presentation

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Business Overview

Customer Centric Delivery Model

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With deep domain expertise in construction management software, SoftTech provides tailored solutions for business success.

Collaboration with Latest Tech

Leverage on several partnerships with industry leaders to bring the best-in-class solutions 1 4 2 Sustainable Services Unparalleled advantage in serving the built 3 environment driven by our deep understanding of the domain

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Customized Products Customize and deploy Civit Suite of solutions based on the requirements of Clients

Deep Domain Expertise

Cloud and IT expertise to strategize, plan, develop/implement and maintain any technology solution that will aid in Client’s goals

Q4FY24 Earnings Presentation

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Robust Revenue Model

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SaaS (Login based) - $ per user
SaaS (Use based) - $ per permit
&
$ per Sq. Ft annual review
charges
SaaS (Login Based) - Per module
per user/month
RuleBuddy
&
Bundle price per user/month
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Overseas Revenue Model

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SaaS (Login based) – One time login & ₹ per Sq. Ft approval

SaaS (Use based) – Fixed Revenue & ₹ per Sq. Ft annual review charges SaaS (Login Based) – Depending upon the area ₹ per Sq. Ft

India Revenue Model

Q4FY24 Earnings Presentation

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Services Portfolio - Expert Energy Modeling, Management & Sustainability Solutions

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Q4FY24 Earnings Presentation

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Rising Global Expansion and Technology Alliances

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TECHNOLOGICAL PARTNERS

CENTER OF EXCELLENCE

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We are passionately dedicated to empowering global clients with the latest technology.

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Q4FY24 Earnings Presentation

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Facilitating Growth through Mentoring & Scaling Up via Inorganic Acquisitions

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SoftTech undertook Inorganic Acquisitions by partnering with Domain Experts

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Hybrid Corporate program to support AEC startups. Incubated 12 AEC startups, evaluated over 300+, arranged 3 Bootcamps of over 40 start ups each. It holds great growth potential to drive innovation.

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Tech partners and investors in Btr Lyf Solution, an AI-based cloud platform offering Building Energy Management Solutions. Based in Singapore, with investments from Singapore Govt. and HNIs

Q4FY24 Earnings Presentation

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Historical Performance

Annual Financial Charts

EBITDA & EBITDA Margin (%)

Revenue from Operations

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7861
6534
5746
4157
FY21 FY22 FY23 FY24
Standalone
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33%
31%
29%
28%
2,473
2,128
1,627
1,218
FY21 FY22 FY23 FY24
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30%
7878 27%
27%
26%
6540
5746
4157
2,135
1,938
1,527
1,097
FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24
Consolidated
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PAT & PAT Margin (%)

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10%
697
580
578
378
9% 9% 9%
FY21 FY22 FY23 FY24
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8%
6% 6%
4%
465
362
332
258
FY21 FY22 FY23 FY24
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(₹ in Lacs unless otherwise specified)

Q4FY24 Earnings Presentation

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Standalone Annual Income Statement

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Particulars (₹ Lacs)	FY21	FY22	FY23	FY24
Revenue from Operations	4,157	5,746	6,534	7,861
Total Expense	2,940	4,119	4,407	5,388
EBITDA	1,218	1,627	2,128	2,473
EBITDA Margin (%)	29%	28%	33%	31%
Other Income	102	197	171	262
Depreciation & amortization expenses	550	764	1046	1,343
Finance Cost	239	286	392	456
PBT	531	774	861	936
Total Taxes	152	196	281	239
Profit After Tax	378	578	580	697
PAT Margin (%)	9%	10%	9%	9%
Diluted EPS (₹)	3.99	5.89	5.48	6.17

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Consolidated Income Statement

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Particulars (₹ Lacs)	FY21	FY22	FY23	FY24
Revenue from Operations	4,157	5,746	6,540	7,878
Total Expense	3,060	4,219	4,602	5,742
EBITDA	1,097	1,527	1,938	2,135
EBITDA Margin (%)	26%	27%	30%	27%
Other Income	102	186	143	229
Depreciation & amortization expenses	550	764	1,046	1,344
Finance Cost	239	287	393	456
PBT	410	661	643	564
Total Taxes	152	196	281	232
Profit After Tax	258	465	362	332
PAT Margin (%)	6%	8%	6%	4%
Diluted EPS (₹)	2.90	4.88	3.78	3.17

Q4FY24 Earnings Presentation

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Industry Overview

US Construction market size is approx. $1.6 trillion, growing at 6% CAGR till 2026

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Key Numbers & Insights

New construction put in place in the United States from 2014 to 2021, with forecast until 2026[2 ] (Values in US$ Millions)

• Global construction industry size is ~ $10 trillion (2022)[1]

• Expected to grow to $13.9 trillion by 2037 with over 51% accounted from China, India, and United States[1]

• New construction in Year 2021 is $1.6 trillion (7% of US GDP) and is expected to grow at ~ 6% YoY till 2026[2]

• Three major segments in the construction industry – Non-Building (17% share), Non-Residential (34% share), and Residential (49% share)[2]

• Residential and Non-Building segments growing at 7% YoY in the next 5 years.[2]

• The top 5 states in terms of construction spending are California, Texas, Florida, New York and Illinois contributing > 50% of the total construction spending. The growth rate in these states is ~ 5 to 12%[2]

• The average gross profit margin in the construction industry was around 28% Q3 of 2022 and typical net profit margins are around 4-6%[3]

• The number of workers in the construction market is ~ 8.0 million (Year 2023)[4]

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----- Start of picture text -----

Non-building - Power facilities, highways, sewage, water supply,
and conservation work
Non-Residential - Lodging, offices, commercial buildings, health
2,500 care, and education
Residential - Single-family, multi-family housing, and home
improvements
2,000
1,500
1,000
500
0
2014 2015 2016 2017 2018 2019 2020 2021 20222023202420252026
----- End of picture text -----*

• 1Global Construction Futures, Oxford Economics 2023. The Oxford Economics estimates the US construction market to be around USD 1.4 trillion. However, the US construction market size was considered based on US specific reference 2US Census Bureau Data

3https://www.levelset.com/blog/us-construction-statistics-you-need-to-know/

• 4US Bureau of Labor Statistics. https://fred.stlouisfed.org/series/USCONS

Q4FY24 Earnings Presentation

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Technology adoption is low relative to other industries, but growing fast

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Key Numbers & Insights

Formal Software in Place for the following[3]

• Gaps in adoption of digital solutions for several aspects within construction management

• According to its 2022 10-k filings[1] , Procore believes that the construction management software market is evolving rapidly, but it is still in its early stages.

• Many construction companies still rely on manual paper-based methods instead of using technology

Low Digital Capabilities[2]

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----- Start of picture text -----

Project Financials
68% 17% 15%
(e.g. change orders,
forecasting budgets, sub-
contractors and client invoices
etc.)
Project Management 58% 26% 16%
excluding project financials. eg
EFIs, submittals, drawing
markups, etc)
55% 30% 15%
Safety Risk Management
Equipment Management 48% 35% 18%
Field/Labor Management 47% 36% 16%
Yes No I Don't Know/Unsure
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• 1Procore Form 10-k US SEC December 31, 2022

• 2SmartMarket Brief: Digital Capabilities in US Civil Construction, Dodge Data & Analytics and Bentley Systems, Year 2020

• 32020 FMI Industry Report

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Technology spend in construction industry shows huge head room to

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grow

Key Numbers & Insights

• Multiple data sources indicate the overall IT spend for Architecture, Engineering, & Construction (AEC) companies is pegged at 0.25-3% of revenue

• According to Gartner the AEC software spend is 1-2% vs. 3-5% avg. across other industries[1]

• According to JB Knowledge, the IT spend in over 90% of the construction companies in the United States varied between 0.25% to 3%[2]

• According to McKinsey, an estimated $50 billion was invested in AEC tech between 2020 to 2022, 85 percent higher than the previous three years[3]

• According to Gartner, approximately 20%[4] of the IT spend corresponds to software

• Approx. 35-45% of this software spend corresponds to construction management software

Percentage of Annual Sales Volume Spent on IT

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----- Start of picture text -----

0.25% to <1.0% 33%
1% 25%
2% 17%
3% 16%
>3% 9%
0% 5% 10% 15% 20% 25% 30% 35%
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• 1‘Gartner top strategic technology trends for 2022’, Gartner, October 2021

• 2JB Knowledge, The annual construction technology report 2021 https://contechreport.com/

• 3From start-up to scale-up: Accelerating growth in construction technology, McKinsey & Company May 2023

Worldwide IT Spending Forecast (millions of USD)[4]

Construction management	2023 Spending 2023 Growth (%) 2024 Spending 2024 Growth (%)
	Data Center Systems 217,880 -1.5 235,530 8.1
	Devices 700,023 -8.6 748,150 6.9
	Software 922,745 13.7 1,052,956 14.1
	IT Services 1,420,905 8.8 1,585,373 11.6
	Communications Services 1,461,662 2.7 1,517,877 3.8
	Total 4,723,215 4.3 5,139,886 8.8
	Category Percentage Cost Range
	BIM and Design 15% - 25%
	Project Management, Bid, and Scheduling 15% - 25%
	Estimating and Takeoff Software 10% - 20%
	Quality & Field Management 5% - 10%
	Safety and Compliance 5% - 10%
	Document Management and Collaboration Tools 5% - 10%
	Accounting and Financial Software 10% - 15%
	Human Resources and Workforce Management Software 5% - 10%
	Others 2% - 5%

• 4https://www.gartner.com/en/newsroom/press-releases/2023-07-19-gartner-forecasts-worldwide-it-spending-to-grow-4-percent-in-2023

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Construction Industry in India

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The construction industry in India is one of the fastest growing in the world and is positioned with China, USA, UK, and Indonesia in the top five global construction markets.

India's Real Estate Market (US $ Billion)

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1000
650
120
2017 2025F 2030F
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Market size of Indian IT industry (US$ billion)

IT Spends in India (US$ billion)

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----- Start of picture text -----

19.93
24.38 24.45 24.7
22.04
20.57
19.21
14.36
12.63
11.25
6.96
H12021 2025 2021 2022 2023
Software IT Services Communication Services
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According to international reports, this industry is expected to touch $1 tn by 2030. Despite COVID-19 & geopolitical challenges, the sector remains the second-largest contributor to India's economy.

In 2022, India invested over $109.6 billion in its information technology sector. Projections suggest that by 2024, this spending will exceed $112 billion. The IT-BPM industry played a crucial role, contributing around 7.4% to the nation's GDP and generating nearly $194 billion in revenue in the 2021 fiscal year.

(*forecasted values)

Source: www.grantthornton.in, www.ibef.org , www.statista.com/

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THANK YOU

Company Contact:

SOFTTECH ENGINEERS Limited Contact: +91 20 67183711 Email: enquiries@softtech-engr.com

Investor Relations Contact:

Priya Sen Go India Advisors priya@GoIndiaAdvisors.com M:+91 83348 41047

Sana Kapoor Go India Advisors sana@GoIndiaAdvisors.com M:+91 81465 50469

Sheetal Khanduja Go India Advisors

sheetal@GoIndiaAdvisors.com M:+91 97693 64166

For further information on the company, please visit – https://softtech-engr.com/