Nemetschek : Conference Call Q2 2021 Presentation

Nemetschek Group

Earnings Call Q2-/H1-21

July 29 2021 | Dr. Axel Kaufmann, Spokesman & CFOO

Queen's Wharf, Brisbane, Australia

Architects: Cottee Parker Architects | Picture: Destination Brisbane Consortium | Realized with Bluebeam, dRofus, Graphisoft & Bluebeam

01 Financial Results Q2-/H1-21

Copper factory, Tulufan, China Visualization: Slashcube, Thomas Vournazos | Visualized with Maxon

Top Key Figures Q2-2021: Record Quarter Across the Board

Revenues
m€
	165,9
141,6	+17.2%
+21.5% cc1
Q2-20	Q2-21

Recurring revenues

m€

88,9	99,9
%
	+12.4
	+16.4% cc1
Q2-20	Q2-21

EBITDA

m€

	56,3
	+38.3%
40,7	+43.3% cc1
Q2-20	Q2-21

EPS

€

	0,29
0,18	+56.9%
Q2-20	Q2-21

• Strongest organic quarterly growth in years
• Strong demand for Nemetschek's leading software solutions in all market segments

	Subscription/SaaS continues to be		Q2-21:	EBITDA margin: 34.0% vs.		Tax rate: 18.5% vs. 23.5% in
	the main growth driver: +53.1% cc1		Q2-20:	28.8%		previous year
	Subscription share reaches new		Main drivers: strong operational		EPS before PPA amortization:
	record high with 18% of total		growth combined with high efficiency		0.34 EUR (+50.1%)
	revenues

Earnings Call Q2-/H1-21	1 Constant currency
3		JULY 2021

Key Business Highlights H1-21: Excellent First Half of the Year due to Operational Strength

Financial Performance

Strategic Highlights

		Revenues:					Earnings per Share
		+12.5% (FX adj.: +16.7%)					EUR 0.54 (+47.1% y/y)
		to EUR 324.3m
		Subscription/SaaS:					High Cash Conversion:
		+45.7% (FX adj.: +51.5%)				99.9%
		to EUR 58.5m
		EBITDA:						Equity Ratio:
$
	+28.3% to EUR 105.9m					49.3% (H1-20: 43.3%)
		(Margin: 32.7%)

Value accretive M&A and Venture Investments

• Successful integration of acquisitions Red Giant and Redshift in Maxon
• Start-upInvestments: Reconstruct, Sablono

Continued Progress on Harmonization

• Precast integration into Allplan
• Allplan & SDS2 join forces

Subscription/SaaS

• Growth underpins success of segment-tailored subscription strategy

Earnings Call Q2-/H1-21

4 JULY 2021

Continued Strong Growth in Subscription/SaaS

Revenue Share by Type in %

			Development Share Subscription/SaaS
			vs. Software Services
						61%
35%	H1-21		48%			43%
	61%		45%	47%
		44%
	4%		4%	8%	14%	18%
			H1-2018	H1-2019	H1-2020	H1-2021

Software licenses		Recurring revenues
Consulting & Hardware	|	Software services (43%)
|	Subscription/SaaS (18%)

Q2-21

Recurring revenues y/y

• +12.4%
  +16.4% cc1

Subscription/SaaS y/y

• +47.4%
  +53.1% cc1

Software licenses y/y

• +24.7%
  +30.0% cc1

H1-21

Recurring revenues y/y

• +12.0%
  +16.2% cc1

Subscription/SaaS y/y

• +45.7%
  +51.5% cc1

Software licenses y/y

• +13.1%
  +17.8% cc1

Earnings Call Q2-/H1-21	1 Constant currency
5		JULY 2021