Slide 1: 1Q26 Earnings Presentation
© Dassault Systèmes | Confidential Information | 2026 Pascal Daloz DASSAULT SYSTÈMES CEO & Chairman 1Q26 Earnings Presentation April 23rd 2026 Rouven Bergmann CFO
Slide 2: Forward-Looking Information
FORWARD-LOOKING INFORMATION Statements herein that are not historical facts but express expectations or objectives for the future, including but not limited to statements regarding the Group’s non-IFRS financial performance objectives are forward-looking statements. Such forward- looking statements
Slide 3: Non-IFRS Information
NON-IFRS INFORMATION Readers are cautioned that the supplemental non-IFRS financial information presented in this presentation is subject to inherent limitations. It is not based on any comprehensive set of accounting rules or principles and should not be considered in isolation from or as a substit
Slide 4: Glossary of Definitions
GLOSSARY OF DEFINITIONS Information in Constant Currencies Dassault Systèmes has followed a long-standing policy of measuring its revenue performance and setting its revenue objectives exclusive of currency in order to measure in a transparent manner the underlying level of improvement in its total
Slide 5: Glossary of Definitions
GLOSSARY OF DEFINITIONS GEOs Eleven GEOs are responsible for driving the development of the Company’s business and implementing its customer-centric engagement model. Teams leverage strong networks of local customers, users, partners, and influencers. These GEOs are structured into three groups: the
Slide 6: Glossary of Definitions
GLOSSARY OF DEFINITIONS Annual Run Rate (ARR) ARR is the annual value of all active subscription software, SaaS, hosting & support contracts as of the end of the reporting period. • The value of active contracts is annualized by dividing the total active contract value by the contract duration in da
Slide 7: Agenda
AGENDA Strategy & Operational Highlights © Dassault Systèmes | Confidential Information | 2026 Financial Highlights & Objectives Financial Information Appendix 7
Slide 8: Building the Foundation for Sustainable Growth
BUILDING THE FOUNDATION FOR SUSTAINABLE GROWTH INDUSTRY EXPERIENCE HUMAN METAMORPHOSIS © Dassault Systèmes | Confidential Information | 2026 1981 1999 2020 3D Design 3D PLM*** Virtual Twin Experience of Humans 1989 2012 3D DMU* 3DEXPERIENCE® 3D PDM** platform 2026 FOUNDATION YEAR TO TURN AI INTO AI
Slide 9: Building the Foundation for Sustainable Growth
BUILDING THE FOUNDATION FOR SUSTAINABLE GROWTH FY26 1Q26 Confirming +3-5% +3-6% Actuals in line +3% +4% © Dassault Systèmes | Confidential Information | 2026 objectives TOTAL REVENUE EPS with objectives TOTAL REVENUE EPS Transforming existing clients by turning industry Resilient recurring business
Slide 10: Game Changing Value Proposition in Motion
GAME CHANGING VALUE PROPOSITION IN MOTION Manufacturing Industries Life Sciences & Healthcare Mainstream continued momentum Traction of our end-to-end © Dassault Systèmes | Confidential Information | 2026 enterprise platform approach Resilient Transportation & Mobility Solid diversification with out
Slide 11: Solving Critical Electrification Challenges
2026 OBJECTIVES SOLVING CRITICAL ELECTRIFICATION CHALLENGES Transforming existing clients Conquering new frontiers Expanding 3D UNIV+RSES © Dassault Systèmes | Confidential Information | 2026 11
Slide 12: Turning Energy Innovators into Industrial Leaders
2026 OBJECTIVES TURNING ENERGY INNOVATORS INTO INDUSTRIAL LEADERS Transforming existing clients Conquering new frontiers Expanding 3D UNIV+RSES © Dassault Systèmes | Confidential Information | 2026 12
Slide 13: Accelerating Semiconductor Innovation
2026 OBJECTIVES ACCELERATING SEMICONDUCTOR INNOVATION Transforming existing clients Conquering new frontiers Expanding 3D UNIV+RSES © Dassault Systèmes | Confidential Information | 2026 13
Slide 14: Platform-Driven Reinvention of the CRO Business Model
2026 OBJECTIVES PLATFORM-DRIVEN REINVENTION OF THE CRO BUSINESS MODEL Transforming existing clients Conquering new frontiers Expanding 3D UNIV+RSES © Dassault Systèmes | Confidential Information | 2026 14
Slide 15: Consumer Industries: Scaling in Food & Beverage
2026 OBJECTIVES CONSUMER INDUSTRIES: SCALING IN FOOD & BEVERAGE Transforming existing clients Conquering new frontiers Expanding 3D UNIV+RSES © Dassault Systèmes | Confidential Information | 2026 15
Slide 16: Turning AI into Concrete Value
2026 OBJECTIVES TURNING AI INTO CONCRETE VALUE Transforming existing clients Conquering new frontiers Expanding 3D UNIV+RSES © Dassault Systèmes | Confidential Information | 2026 16
Slide 17: Opening New Possibilities with AI-Powered Virtual Companions
2026 OBJECTIVES OPENING NEW POSSIBILITIES WITH AI-POWERED Transforming existing clients Conquering new frontiers Expanding 3D UNIV+RSES VIRTUAL COMPANIONS © Dassault Systèmes | Confidential Information | 2026 17
Slide 18: Capital Markets Day
upcoming CAPITAL MARKETS DAY NOVEMBER 17, 2026 - PARIS © Dassault Systèmes | Confidential Information | 2026 18
Slide 19: Agenda
AGENDA Strategy & Operational Highlights © Dassault Systèmes | Confidential Information | 2026 Financial Highlights & Objectives Financial Information Appendix 19
Slide 20: 1Q26 Performance at a Glance
1Q26 PERFORMANCE AT A GLANCE Non-IFRS – All growth ex-FX P&L 1Q26 Revenue growth 1Q26 Recurring % Software © Dassault Systèmes | Confidential Information | 2026 Total Revenue (€M) €1,510 Software Revenue +3% 2 85% Total Revenue +3% Upfront License Revenue +9% 86% in 1Q25 Operating Margin 30.3% Recur
Slide 21: 1Q26 Annual Run Rate
1Q26 ANNUAL RUN RATE All growth and data ex-FX ARR YoY evolution ARR QoQ evolution 1Q25 2Q25 3Q25 4Q25 1Q26 © Dassault Systèmes | Confidential Information | 2026 Beginning ARR 4,097 4,109 4,197 4,243 4,335 Ending ARR 4,109 4,197 4,243 4,335 4,371 Sequential 12 87 46 93 35 Net ARR growth 1Q24 2Q24 3Q
Slide 22: 1Q26 Growth Drivers: 3DEXPERIENCE & Cloud
1Q26 GROWTH DRIVERS: 3DEXPERIENCE & CLOUD Non-IFRS - All growth ex-FX % Software revenue Software revenue growth 1 +7% © Dassault Systèmes | Confidential Information | 2026 39% in 1Q25 +30% 3DEXPERIENCE Cloud 25% in 1Q25 +8% CLOUD 1 Eligible Software Revenue excludes SOLIDWORKS, MEDIDATA, CENTRIC an
Slide 23: 1Q26 Software Revenue by Region
1Q26 SOFTWARE REVENUE BY REGION Non-IFRS - All growth ex-FX EUROPE YoY Growth: 7% | Share: 39% Broad based regional growth, led by Northern Europe. Home & Lifestyle and Infrastructure & Cities performed well. © Dassault Systèmes | Confidential Information | 2026 AMERICAS ASIA YoY Growth: -1% YoY Gro
Slide 24: 1Q26 Software Revenue by Product Line
1Q26 SOFTWARE REVENUE BY PRODUCT LINE Non-IFRS - All growth ex-FX 1Q26 Highlights Performance impacted by strong baseline in 1Q25, particularly for CATIA. © Dassault Systèmes | Confidential Information | 2026 Industrial Innovation flat SIMULIA and ENOVIA resilient. Good momentum continues for SOLIDW
Slide 25: 1Q26 Cash Performance
1Q26 CASH PERFORMANCE IFRS unless otherwise noted Operating Cash Flow Free Cash Flow1 Cash Conversion (Operating Cash Flow/Operating Income2) © Dassault Systèmes | Confidential Information | 2026 +22% ex-FX +27% ex-FX 949 899 208% 813 735 167% 780 707 1Q25 1Q25 1Q26 1Q25 1Q25 1Q26 1Q25 1Q26 reported
Slide 26: Change in Cash and Debt Position as at March 31, 2026
CHANGE IN CASH AND DEBT POSITION AS AT MARCH 31, 2026 +497 +34 +53 -45 * -26 +125 -118 -63 ** +293 © Dassault Systèmes | Confidential Information | 2026 Operating cash flow: +€949 M vs. +€813M 4,875 4,875 in 1Q 2025 QTD (+€136 M / +17%) 4,125 -2,479 (+€169 M / +22% ex-FX) R BF Xoe rrpi m oa 2,396 w
Slide 27: 2Q26 and FY26 Objectives
Non-IFRS – All growth ex-FX (unless otherwise noted) 2Q26 FY26 1,518 - 1,568 Total Revenue (€M) 6,290 - 6,410 © Dassault Systèmes | Confidential Information | 2026 +2 - 5% Total Revenue +3 - 5% +2 - 5% Software Revenue +3 - 5% +2 - 5% Service Revenue +2 - 6% 29.5% - 29.9% Operating Margin (%) 32.2%
Slide 28: Agenda
AGENDA Strategy & Operational Highlights © Dassault Systèmes | Confidential Information | 2026 Financial Highlights & Objectives Financial Information Appendix 28
Slide 29: Constant Currency Annual Run Rate (ARR)
CONSTANT CURRENCY ANNUAL RUN RATE (ARR) • © Dassault Systèmes | Confidential Information | 2026 • FX rates 1Q25 2Q25 3Q25 4Q25 1.10€/$ Ending ARR using FY25 Plan foreign exchange rates 4,248 4,338 4,392 4,497 155.00€/¥ 1.18€/$ Ending ARR using FY26 Plan foreign exchange rates 4,109 4,197 4,243 4,335
Slide 30: Annual Run Rate (ARR) – Illustrative Example
ANNUAL RUN RATE (ARR) – ILLUSTRATIVE EXAMPLE Case 1: Multi Year on premise deal 5 Years Year 1 Year 2 Year 3 Year 4 Year 5 TCV: 100M Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Revenue 52,5 2,5 2,5 2,5 2,5 2,5 2,5 2,5 2,5 2,5 2,5 2,5 2,5 2,5 2,5 2,5 2,5 2,5 2,5 2,5 Order Value 20 20
Slide 31: Software Revenue by Region – IFRS
IFRS Growth in MEUR 1Q26 1Q25 Growth ex FX Americas 547 611 (11)% (1)% Europe 538 513 +5% +7% © Dassault Systèmes | Confidential Information | 2026 Asia 290 308 (6)% +3% Software revenue 1,375 1,433 (4)% +3% 1Q26 1Q25 21% 22% Americas Europe 40% 43% Asia 39% 36% 31
Slide 32: Software Revenue by Region – Non-IFRS
Non - IFRS Growth in MEUR 1Q26 1Q25 Growth ex FX Americas 547 611 (11)% (1)% Europe 538 513 +5% +7% © Dassault Systèmes | Confidential Information | 2026 Asia 290 308 (6)% +3% Software revenue 1,375 1,433 (4)% +3% 1Q26 1Q25 21% 22% Americas Europe 40% 43% Asia 39% 36% 32
Slide 33: Software Revenue by Product Line – IFRS
IFRS Growth in MEUR 1Q26 1Q25 Growth ex FX Industrial Innovation SW revenue 750 793 (5)% (0)% Life Sciences SW revenue 259 293 (12)% (3)% © Dassault Systèmes | Confidential Information | 2026 Mainstream Innovation SW revenue 367 347 +6% +14% Software revenue 1,375 1,433 (4)% +3% 1Q26 1Q25 27% 24% In
Slide 34: Software Revenue by Product Line – Non-IFRS
Non - IFRS Growth in MEUR 1Q26 1Q25 Growth ex FX Industrial Innovation SW revenue 750 793 (5)% (0)% Life Sciences SW revenue 259 293 (12)% (3)% © Dassault Systèmes | Confidential Information | 2026 Mainstream Innovation SW revenue 367 347 +6% +14% Software revenue 1,375 1,433 (4)% +3% 1Q26 1Q25 27%
Slide 35: Software Revenue by Type – Non-IFRS
Non - IFRS Growth in MEUR 1Q26 1Q25 Growth ex FX Recurring Subscription and Support revenue 1,175 1,235 (5)% +2% of which Subscription revenue 603 636 (5)% +3% © Dassault Systèmes | Confidential Information | 2026 Non Recurring Licenses and Other software revenue 200 198 +1% +9% Software revenue 1,3
Slide 36: IFRS Income Statement
Three months ended March 31, Three months ended March 31, (In € million, except % and per share data) 2026 2025 YoY Software revenue 1,374.9 1,432.7 (4)% Licenses and Other software revenue 200.0 198.1 +1% © Dassault Systèmes | Confidential Information | 2026 Subscription and Support revenue 1,174.9
Slide 37: IFRS Income Statement, % of Revenue
Three months ended March 31, Three months ended March 31, 2026 2025 % of revenue % of revenue Software revenue 91.1% 91.1% Licenses and Other software revenue 13.3% 12.6% © Dassault Systèmes | Confidential Information | 2026 Subscription and Support revenue 77.8% 78.5% Services revenue 8.9% 8.9% Tot
Slide 38: Non-IFRS Income Statement
Three months ended March 31, Three months ended March 31, (In € million, except % and per share data) 2026 2025 YoY Software revenue 1,375.3 1,432.7 (4)% Licenses and Other software revenue 200.0 198.1 +1% © Dassault Systèmes | Confidential Information | 2026 Subscription and Support revenue 1,175.3
Slide 39: Non-IFRS Income Statement, % of Revenue
Three months ended March 31, Three months ended March 31, 2026 2025 % of revenue % of revenue Software revenue 91.1% 91.1% Licenses and Other software revenue 13.2% 12.6% © Dassault Systèmes | Confidential Information | 2026 Subscription and Support revenue 77.9% 78.5% Services revenue 8.9% 8.9% Tot
Slide 40: Revenue and Gross Margin
Revenue and Gross Margin Three months ended March 31, Increase (Decrease) 2026 2026 2025 2025 (In € million, except %) Adjustment Adjustment IFRS Non-IFRS IFRS Non-IFRS IFRS Non-IFRS Total Revenue 1,509.2 0.4 1,509.6 1,573.0 - 1,573.0 (4)% (4)% Total Revenue breakdown by activity © Dassault Systèmes
Slide 41: Expenses & Earnings
Expenses & Earnings Three months ended March 31, Increase (Decrease) 2026 2026 2025 2025 (In € million, except % and per share data) Adjustment Adjustment IFRS Non-IFRS IFRS Non-IFRS IFRS Non-IFRS Total Operating Expenses (1,161.7) 109.0 (1,052.7) (1,268.5) 181.6 (1,086.9) (8)% (3)% Share-based comp
Slide 42: Financial Income (Loss), Net – Non-IFRS
Non - IFRS Three months ended March 31, (In € million) 2026 2025 YoY Interest Income 36.3 41.4 (5.1) Interest Expense (5.3) (5.3) 0.1 Interest Expense on cap lease (IFRS 16) (5.2) (5.0) (0.3) © Dassault Systèmes | Confidential Information | 2026 Financial net Income (loss) 25.8 31.1 (5.3) Exchange G
Slide 43: From Assumptions to Actual Data – Non-IFRS
From assumptions to actual data – Non-IFRS Breakdown of P&L by currency for YTD 26 Average Exchange rates Revenue Operating Expenses 2025 2026 % change EUR/USD 1.05 1.17 +11% USD 47.9% 45.0% QTD EUR/JPY 160.45 183.60 +14% JPY 6.2% 2.4% © Dassault Systèmes | Confidential Information | 2026 EUR/$ – 1Q
Slide 44: Actual FX Impact on 1Q26 – 1/2
ACTUAL FX IMPACT ON 1Q26 – 1/2 Non – IFRS QTD Revenue Expenses Operating Income Operating Margin In € million, except % 1,573.0 (1,086.9) 486.1 30.9% 2025 © Dassault Systèmes | Confidential Information | 2026 (79.6) 52.2 (27.4) (0.2)pt USD impact (13.0) 3.8 (9.2) (0.3)pt JPY impact (12.4) 7.9 (4.5)
Slide 45: Actual FX Impact on 1Q26 – 2/2
ACTUAL FX IMPACT ON 1Q26 – 2/2 Non – IFRS QTD Net Income EPS In € million, except % 420.1 0.32 2025 © Dassault Systèmes | Confidential Information | 2026 (41.1) (0.0) FX Impact on Operating Income Adjustment (2.9) (0.0) FX Impact on Financial Revenue Adjustment 4.5 0.0 Tax on FX Impact Adjustment (3
Slide 46: IFRS Cash Flow Statement
IFRS In millions of € YTD 26 YTD 25 Variation Net income attributable to equity holders of the parent 292.5 260.5 32.0 Non-controlling interest (0.0) (1.2) 1.1 Net income 292.5 259.4 33.2 Non-cash items 125.4 156.2 (30.9) Net income adjusted for non-cash items 417.9 415.6 2.3 Operating working capit
Slide 47: IFRS Balance Sheet
IFRS End of End of Variation (in millions of €) Mar-26 Dec-25 Mar-26 / Dec-25 Cash and cash equivalents 4,874.9 4,125.4 +749.5 Trade accounts receivable, net 1,732.5 2,168.4 -435.9 Contract assets 43.9 37.3 +6.6 Other current assets 461.0 454.4 +6.6 © Dassault Systèmes | Confidential Information | 2
Slide 48: Operating Cash Flow Analysis
IFRS YTD26 YTD25 Changes € million YTD26 YTD25 Changes +949 +780 +169 Operating Cash Flow ex-FX +949 +780 +169 Up +22% ex-FX year over year +949 +813 +136 Operating Cash Flow - reported +949 +813 +136 Up +17% year over year (-€33m Fx effect) © Dassault Systèmes | Confidential Information | 2026 +418
Slide 49: DSO
© Dassault Systèmes | Confidential Information | 2026 49 IFRS 99 1Q25 95 2Q25 98 3Q25 in days DSO 117 4Q25 105 1Q26
Slide 50: Overview
Overview At Closing - TOTAL 1Q26 1Q25 % growth © Dassault Systèmes | Confidential Information | 2026 M&S + COR Ser 12,153 12,307 -1.3% R&D + COR SW 11,512 11,811 -2.5% G&A 2,059 2,107 -2.3% Total 25,724 26,225 -1.9% 50
Slide 51: IFRS 2026 Financial Objectives
IFRS 2026 FINANCIAL OBJECTIVES Accounting elements not included in the non-IFRS 2026 Objectives • FY 2026 estimated contract liabilities write-down: not significant • FY 2026 estimated share-based compensation expense, including related social charges: ~€103 M, these estimates do not include any new
Slide 52: Virtual Worlds for Real Life
© Dassault Systèmes | Confidential Information | 2026 for Real Life Virtual Worlds
Slide 53: Discover More on 3DS.com
© Dassault Systèmes | Confidential Information | 2026 53 ON 3DS.COM DISCOVER MORE