Nemetschek Se · XETR:NEM
Nemetschek — Q2 2026 Earnings Presentation
19 slides from Nemetschek's earnings presentation, Jul 30, 2026
Slide 1: Earnings Call Q2 / H1-26
Earnings Call Q2 / H1-26 July 30, 2026
Slide 2: Highlights Q2 / H1-26
01. Highlights Q2 / H1-26 CEO Yves Padrines
Slide 3: Key Messages
1. Q2-26: Continuation of the strong growth dynamic in the second quarter, driven by the ongoing outstanding performance in the Build segment as well as the strong growth in the Design segment, supported by positive subscription migration effects, including multi-year contracts. Reported EBITDA marg
Slide 4: Financial Overview Q2-26: Continued High Growth
Financial Overview Q2-26: Continued High Growth ARR Revenues EBITDA EPS EURm EURm EURm EUR +15.9% +13.0% +11.5% +17.4% cc1 +14.5% cc1 +15.8% cc1 +25.3% 1,249.5 327.7 98.6 0.57 88.5 0.45 1,078.3 290.0 Q2-25 Q2-26 Q2-25 Q2-26 Q2-25 Q2-26 Q2-25 Q2-26 • High increase in ARR indicates continued • Unchang
Slide 5: Strategic Update H1-26: Investments in Future Growth
Strategic Update H1-26: Investments in Future Growth AI & Innovation Business Model Go-to-Market M&A + Ventures Business Enablement • Continued progress in becoming a • Successful move to • Continued successful • M&A: Largest acquisition • Continued progress in Construction AI leader by leveraging o
Slide 6: Financial Review H1-26
02. Financial Review H1-26 CFO Louise Öfverström
Slide 7: Key Financial Highlights H1-26: Recurring Revenue is Main Driver
Key Financial Highlights H1-26: Recurring Revenue is Main Driver Revenues: EBITDA: Cash Conversion: +11.9% to EUR 640.7m +16.5% to EUR 197.0m 89.0% (+15.7% cc1) (+24.0% cc1) ARR Growth: EBITDA Margin: 30.7% Net Debt Position: +15.9% to EUR 1,249.5m Adj. EBITDA Margin2: 31.5% EUR -112.7m (+17.4% cc1)
Slide 8: Segments H1-26: Build Continues to be the Main Growth Driver
Segments H1-26: Build Continues to be the Main Growth Driver DESIGN BUILD MANAGE MEDIA Revenues +7.3% +21.1% +3.9% -0.7% EURm +9.7% cc1 +27.1% cc1 +3.8% cc1 +3.3% cc1 260.1 279.1 277.7 25.3 26.3 229.2 59.5 59.0 H1-25 H1-26 H1-25 H1-26 H1-25 H1-26 H1-25 H1-26 Margin 27.2% 23.9% 34.6% 39.8% 9.3% 7.8%
Slide 9: H1-26: Record Recurring Revenue Share of 95%
H1-26: Record Recurring Revenue Share of 95% Revenue Share Recurring & Subscription/SaaS H1-22 to H1-26 by type in % Overview Q2-26: 609 +15.9% (+19%) ARR y/y +17.4% cc1 600 529 (+38%) 515 500 385 (+32%) (+26%) Recurring EURm 400 307 +15.9% 95% (+23%) 404 (92%) 300 250 (+22%) (+77%) revenues y/y +17
Slide 10: At a Glance: Income Statement and Important KPIs
At a Glance: Income Statement and Important KPIs Key Figures mEUR H1-26 H1-25 Growth y/y Revenues 640.7 572.8 +11.9% Cost of goods and services -23.7 -22.1 +7.1% Personnel expenses -251.8 -235.1 +7.1% Other operating income/expenses -168.3 -146.5 +14.9% EBITDA 197.0 169.1 +16.5% EBITDA margin 30.7%
Slide 11: Outlook FY-26
03. Outlook FY-26
Slide 12: Guidance 2026: Organic Guidance Confirmed & Expanded by HCSS
Guidance 2026: Organic Guidance Confirmed & Expanded by HCSS Starting Point Confirmed Organic Guidance Expanded Guidance (incl. HCSS) 2025 2026 2026 Revenue: Revenue Growth: Additional Positive Growth Impact on EUR 1,191.2m +14% - 15% (at constant currency) Organic Guidance: ~ +600 Basis Points* Rev
Slide 13: Questions?
Questions? NEMETSCHEK SE Konrad-Zuse-Platz 1 81829 Munich Germany investorrelations@nemetschek.com www.nemetschek.com
Slide 14: Appendix
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Slide 15: Income Statement
Income Statement €m H1 2026 H1 2025 % YoY Revenues 640.7 572.8 +11.9% Other income 11.5 7.8 +47.4% Operating income 652.2 580.6 +12.3% Cost of goods and services -23.7 -22.1 +7.1% Personnel expenses -251.8 -235.1 +7.1% Other expenses -179.7 -154.3 +16.5% Operating expenses -494.0 -447.9 +10.3% EBITD
Slide 16: Balance Sheet – Assets
Balance Sheet – Assets €m June 30, 2026 December 31, 2025 Assets Cash and cash equivalents 392.1 252.0 Trade receivables, net 147.8 153.4 Inventories 1.2 0.6 Other current assets 94.6 71.5 Current assets, total 635.7 477.5 Property, plant and equipment 18.6 18.1 Right-of-use assets 42.2 40.9 Intangi
Slide 17: Balance Sheet – Equity and Liabilities
Balance Sheet – Equity and Liabilities €m June 30, 2026 December 31, 2025 Equity and liabilities Trade payables 27.4 27.0 Provisions and accrued liabilities 103.0 108.8 Deferred revenue 494.6 435.9 Current lease liability 13.0 13.3 Other current liabilities 44.4 40.5 Current liabilities, total 682.4
Slide 18: Cash Flow Statement
Cash Flow Statement €m H1 2026 H1 2025 % YoY Cash and cash equivalents at the beginning of the period 252.0 205.7 +22.5% Cash flow from operating activities 175.4 199.8 -12.2% Cash flow from investing activities -95.6 -14.5 >+100% t/o Cash paid for acquisition of interest in associates -12.0 -0.6 t/
Slide 19: Disclaimer
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 thos