Conference Call Presentation: Nemetschek Group to Acquire GoCanvas Holdings Inc.

Nemetschek Group to Acquire GoCanvas Holdings Inc.

Accelerating the Digitalization in the Construction Industry

Nemetschek Group

June 6, 2024

Agenda

2	Nemetschek Group | June 6, 2024

3	Nemetschek Group | June 6, 2024

Strategic Rationale

Accelerate the Digitalization in the Construction Industry

Innovative and fast-growing company

Best-in-class portfolio for Built environment

Compelling

Synergies

• Leading provider of SaaS solutions for enhancing productivity and safety through paperless collection, reporting and integration of field data in construction and adjacent verticals
• Strong growth record of ~20% p.a. with an ARR of USD 67m in 2023
• > 300 employees based in the US, Canada, Australia and South Africa
• Perfect fit with Nemetschek's Build & Construct Division portfolio strategy
• Combining Bluebeam office worker and GoCanvas field worker customer bases will create a unique construction ecosystem
• Accelerate Nemetschek Group's successful Subscription/SaaS transition
• Complementary technology, customer base and geography
• Increased total addressable market (TAM) via strong cross-selling opportunities and newly addressable verticals and customer groups
• GoCanvas further strengthens Nemetschek Group's position in North America while Nemetschek will provide GoCanvas a unique footprint to expand in Europe and Asia/Pacific

4	Nemetschek Group | June 6, 2024

GoCanvas: Company Snapshot

Leading provider of SaaS solutions for digital forms & work process management and safety solutions

for the construction industry​

Eliminate Paper:	Facts & Figures (FY-23)
Go Digital, Go Smarter, Go Safer,
and Go More Efficient

• Pure SaaS & Cloud Platform

•	Digitalize Any Form	$67m	~20%		>300k	~300
• Collect Real-Time Data	~100%
ARR	Paying
ARR	SaaS	FTE
•	Make Data-Driven Decisions
Growth	Users
•	Integrate With Anything

Overview Key Facts

• Product: GoCanvas offers a cloud-based platform for collecting, reporting & integrating field data via flexible and customer-created forms & workflows.
• Business Model: All products are pure SaaS solutions
• Customers: Field workforces in Construction, Fire & Life Safety, Manufacturing, Energy & Utilities and Transportation & Logistics, etc.
• Locations: Est. 2008 in Reston, VA, (USA), Abbotsford, Saskatchewan (CA), Cape Town (South Africa), Sydney (Australia)

5	Nemetschek Group | June 6, 2024

GoCanvas - Product Overview

Leading Provider of Digital Data Collection and Work Process Management Solutions​

Jobsite	Safety	Fire
~50% of ARR	~30% of ARR	~20% of ARR

For the following Verticals

~70%		~30%
Engineering, Construction,		Other
Buildings and Infrastructure		(e.g. Energy & Utilities,
		Manufacturing)

6	Nemetschek Group | June 6, 2024

Extending Nemetschek's Opportunity at the Jobsite

Uniquely flexible solutions that answer to construction's digitalization imperative to drive productivity improvement

Empower the field	Resource effectively
Easy-to-use mobile app	Automatically optimize
empowers teams to	crew schedules and travel
accept, navigate, and	routes between jobs,
view work details	improving productivity and
including job-specific	customer satisfaction
tasks.

Keep Safe	Increase visibility
Proactively manage site	View and manage the
safety and ensure	availability and capacity
regulatory compliance for	of your entire deskless
employees and	workforce from one
contractors	centralized location.

	Construction & Field Service				Others
•	Daily Digital Reporting	•	Field Service Report		•	Equipment Calibration	•	Vehicle Inspection
•	Site Survey	•	Equipment Check List		•	Field Data Collection	•	GPS Data Collection
•	Safety Audits	•	Mobile Inspections		•	Environmental Compliance	•	Fleet Management
•	Equipment Inspections	•	Preventive Maintenance		•	Workforce Certification	•	Material Inspection
•	Change Order Management	•	Work Orders/Dispatch		•	Maintenance Management	•	Work Order Management
•	Punch Lists	•	Customer Sign-off		•	Quality Controls
7	Nemetschek Group | June 6, 2024

Value Creation By Realizing Revenue Synergies

Accelerating into the jobsite to drive digitalization of the Field Worker

Overview Revenue Synergies

• Extend Bluebeam's flexible, high-value solution for drawing and design

1	review into the field
	• Offer GoCanvas field worker products to Bluebeam construction
	customers: in USA construction alone over 6m workers in the field, most
	not using software today
2	• Addressing new customers groups/adjacent industries by connecting
Nemetschek's Build & Construct offerings with GoCanvas offerings
• Add health and safety use cases to 123OnSite customer base
3	• Revenue synergies by strengthening Nemetschek Group position in North
America, including an opportunity to bring 123OnSite to NA
• Nemetschek will provide GoCanvas a unique footprint to expand in

Europe and Asia

8	Nemetschek Group | June 6, 2024

Transaction Overview

Transaction and	•	Nemetschek to acquire 100% (share deal) of GoCanvas Holdings (cash- and debt-free)
Valuation	•	The purchase price represents an ARR Multiple of ~11.5x

Transaction	• Transaction to be financed with cash on hand and fully-committed debt financing
Financing	•	Committed to a strong balance sheet and attractive dividend policy
	•	Strong cash flow generation to rapidly de-lever balance sheet

Organizational

Structure

• GoCanvas will join the Nemetschek Group as part of the Build segment

Expected Closing

• The acquisition is expected to close in the summer of 2024 and is subject to customary regulatory approval and closing conditions
• Until the transaction closes, each company will continue to operate independently
• After closing, GoCanvas management team will join the Nemetschek Group

9	Nemetschek Group | June 6, 2024

Q&A

10 Nemetschek Group | June 6, 2024