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© 2026 Mensch und Maschine Mensch und Maschine Software SE Company Presentation Status October 20, 2026 / Q3 report 2026
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© 2026 Mensch und Maschine Business model ◼ Leading developer of Technical Software Solutions ◆ CAD/CAM/CAE = Computer Aided Design / Manufacturing / Engineering PDM/PLM = Product Data/Lifecycle Management / BIM = Building Information Modelling/Management ◆ Founded 1984 – 42 years on the market // IPO 1997 – 29 years public // ~1,200 employees ◼ Added Value well balanced over 2 Segments ◆ M+M Software: Proprietary Standard Software CAD/CAM / BIM/Civil Engineering / Gardening/Landscaping / CAE ◆ Digitization*: Customized Software Solutions Proprietary Added Value: Customer Projects / Training / Hotline etc. Third-party software (Autodesk etc.): Leveraging M+M market share (*former segment name: VAR Business) Digitize M+M Software Sales Digitize M+M Software Gross profit Digitize M+M Software EBIT
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© 2026 Mensch und Maschine Sustainable business development ◼ Sales 2025: EUR 238.59 mln / -27% Autodesk switch from resale to commission ◆ Software: EUR 114.47 mln / +4.7% // Digitization: EUR 124.11 mln / -43% ◆ Market volume incl. Autodesk sales to M+M customers: EUR ~373 mln / +6% ◼ Record Gross profit 2025: EUR 181.88 mln / +4.2% Margin jump to 76.2% (PY: 53.6%) ◆ Software: EUR 102.74 mln / +3.7% // Digitization: EUR 79.14 mln / +4.7% ◆ 10YR growth 2015-2025: +8.0% p.a. / much more steadily than sales development ◼ Record EBIT 2025: EUR 49.11 mln / +5.7% Margin jump to 20.6% (PY: 14.3%) ◆ Software: EUR 32.40 mln / +5.9% // Digitization: EUR 16.71 mln / +5.2% ◆ 10YR growth 2015-2025: +19% p.a. / highly disproportionate to gross profit ◼ Record net profit 2025: EUR 31.81 mln / EPS 191 Cents / +5.9% ◆ 10YR EPS growth 2015-2025: +23% p.a. ◼ Record Dividend 2025: 200 Cents (PY: 185 / +8%) / Option cash or share dividend ◆ 10YR Dividend growth 2015-2025: +23% p.a. ◼ Cashflow 2025: EUR 16.58 mln (PY: 62.32) // 99.5 Cents/share (PY: 369) ◼ Sales 9M/2026: EUR 189.34 mln / +6.9% ◆ Software: EUR 93.44 mln / +8.7% // Digitization: EUR 95.90 mln / +5.3% ◼ Record Gross profit 9M/2026: EUR 134.99 mln / -0.5% ◆ Software: EUR 84.10 mln / +8.5% // Digitization: EUR 50,89 mln / -12,5% ◼ EBITDA 9M/2026: EUR 46.51 mln / +3.3% ◼ Record EBIT 9M/2026: EUR 36.93 mln / -0.7% ◆ Software: EUR 29.09 mln / +18% // Digitization: EUR 7,83 mln / -38% ◼ Net profit 9M/2026: EUR 23,38 mln / -3.7% // EPS 142 Cents (PY: 145 / -2.2%) ◼ Cashflow 9M/2026: EUR 27.72 mln (PY: 16.62) // 168 Cents/share (PY: 99) 0 10 20 30 40 50 Q1 Q2 Q3 Q4 Gross profit 2025 Gross profit 2026 0 50 100 150 200 250 300 350 400 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Autodesk market volume Cost of Autodesk Resale Other cost of materials Gross profit Digitization Gross profit M+M Software 0 20 40 60 80 100 120 140 160 180 200 0 5 10 15 20 25 30 35 40 45 50 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 EBIT Digitization EBIT M+M Software EPS (Cents right scale) Dividend (Cents right scale) 0 3 6 9 12 15 18 Q1 Q2 Q3 Q4 EBIT 2025 EBIT 2026 Gross profit +8.0% p.a. EBIT +19% p.a. EPS +23% p.a. 0 10 20 30 40 50 60 70 Q1 Q2 Q3 Q4 Sales 2025 Sales 2026 Dividend +23% p.a. 9M/2026
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© 2026 Mensch und Maschine 0 20 40 60 80 100 120 140 160 180 200 220 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 26E 27E EBIT Opex Sustainable business development: Outlook Gross profit +8% p.a. / EBIT +19% p.a. – what’s the trick? ◼ Cost discipline: Opex grew 2015-2025 just around +5% p.a. ◼ Opex development in M+M Group is controlled continuously & locally (~100 profit centers) at ~2/3 relative to gross profit development ➢ Disproportionate profit gains through strict cost control management ✓ Working well even despite short-term dips in gross profit development (2016/17: Gross profit +3.7% / EBIT +22% // 2YR 19/21: Gross profit +8.2% / EBIT +28%) Sustainably profitable strategy - also for the future: ◼ Organic growth + cost discipline = economy of scale effect Mid-term growth target (organic): ◼ Profit doubling in 5 years => +15% per year: EPS 2025: 191 Cents / Target: more than 380 Cents by 2030 Annual growth targets until 2030: ◆ Gross Profit: Average +8% / Spread +6% to +10% ◆ EBIT/EPS/Dividend: Average +15% / Spread +11% to +19% ➢ 2026P: Strong Q4 estimated – lower half of spread still in reach Opex +5% p.a. Gross profit +8% p.a. EBIT +19% p.a.
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© 2026 Mensch und Maschine The M+M Portfolio: Various Digital Twins CAM: Simulation/Optimization of the entire machining process in a „Virtual Machine“ BIM: All disciplines of a building in 3D, incl. masses, cost dimensions and timeline. For Civil Engineering, Building Construction & Gardening/Landscaping/Earthworks BIM for Infrastructure: Connecting geo and land register data with other data sources to Digital City or Factory Manufacturing/CAE: PDM/PLM, plant, variant design/construction
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© 2026 Mensch und Maschine CAD/CAM in practice (M+M Software) ◼ CAM – Computer Aided Manufacturing ◼ 100% Subsidiary Open Mind – Product line hyperMILL® ◼ High end: Average revenue approx. EUR 30,000 per seat ◼ Globally >10,000 customers with >20,000 CAM seats Precision machine tools‘ purchase prices are in the six or seven digit Euro range. hyperMILL® reduces milling times by up to 90% through intelligent machining strategies, pushing return on investment for these expensive machine tools to completely new dimensions. Up to 5x faster helical 5axis roughing 5x faster: Total milling time 2h05 instead of 10h30 Up to 10x faster flat surface finishing Example: lightweight aircraft part CAD Software (3D design) Precision machine tool with NC control CAM Software generating NC code for machine Virtual Machine Simulation
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© 2026 Mensch und Maschine BIM in practice (M+M Software) ◼ BIM / Civil Engineering: Structural Analysis & Reinforcement Software ◼ Subsidiary SOFiSTiK AG (est. 1987) / M+M share 51.4% ◼ Technology leader in bridge, geotech/tunnel and building construction ◼ Over 3,000 customers in more than 60 countries on all continents ◼ Impressive References – e.g. Sixth Street Viaduct in Los Angeles, USA (2022) ◼ Various special modules rounding up the software portfolio e.g.: ◼ Bridge + Infrastructure Modeler to design Bridges, Tunnels and other profile buildings like noise barriers ◼ CFD (Computational Fluid Dynamics) for wind analysis ◼ Seismic analysis of building safety in case of earthquakes etc.
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© 2026 Mensch und Maschine BIM in practice (M+M Software) ◼ Gardening / Landscaping / Earthworks for Architects and Implementers ◼ M+M Subsidiary DATAflor, Goettingen, Germany (est. 1982) / M+M share 67.2% ◼ Integrated software solutions not only containing graphical planning but also calculation, tender, quoting, construction site controlling and billing ◼ Three examples from the extensive functionality: ◼ Garden plan with planting suggestion and ‘flowering calendar’ across the seasons (left picture) ◼ Digital terrain model: Comfortable 3D design / Output to excavator control units (middle picture) ◼ GRUENSTUDIO 3D: Live experiencing the future garden e.g. via VR glasses (right picture)
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© 2026 Mensch und Maschine Digitization in practice ◼ Architecture: BIM – Building Information Modelling / Management Application/Countrification family adapting Autodesk Revit to local standards & needs Planning / Model checking Calculation Module 2D/3D Quantity Take Off BIM training series for all stakeholders in construction projects - from draftsperson to project manager. Since 2012 more than 10,000 participants have been trained/certified.
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© 2026 Mensch und Maschine Digitization in practice ◼ Solutions for Manufacturing Customers with high savings potential, e.g.: PDM/PLM: Connecting design and commercial data, e.g. SAP CAE for large plants: electrical, hydraulics, pneumatics as well as building services Fully automated variant design for profitable production from batch size 1 New CIM training series (Computer Integrated Manufacturing)
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© 2026 Mensch und Maschine ◼ Building Information Management / BIM for Infrastructure: MuM MapEdit as a data hub for the Digital City or Factory Approx. 2,500 seats at more than 200 customers in D, CH and Europe: Municipalities, Suppliers, Industry, Ports/Airports, Planning Offices... Digitization in practice
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© 2026 Mensch und Maschine Digitization MFG Software CAD/CAM Software CAD/BIM Digitization AEC Hybrid MFG&AEC Allocation of Gross Profit (2025: EUR 181.88 mln) Manufacturing (~55%): ◼ CAM Software hyperMILL / proprietary kernel hyperCAD S Target group: Owners/Buyers of Precision Machine Tools ◼ Digitization: Projects/Training for Mechanical, Electrical and Process Engineering, Hydraulics, Pneumatics, Automotive/Aerospace and Shipbuilding … Architecture/Construction/Engineering (~35%): ◼ Software: BIM/Gardening/Landscaping (DATAflor) BIM/Structural/Civil Engin/Bridge/Tunnel (SOFiSTiK) ◼ Digitization: Projects/Training for Architecture, Building Services, Facility Management … Hybrid MFG & AEC (~10%): ◼ CAE/eXs, BIM for Infrastructure (Digital City / Factory), Variant design / customX, iBIM for AEC subcontractors … ◼ Common Base (Exception CAM): Autodesk Standards (AutoCAD, Revit, Inventor, Vault…) Digitization: Autodesk Business / Software: OEM Licensing
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© 2026 Mensch und Maschine Global sales / DACH focus ◼ Geographical sales contribution: (2025) ◆ Germany: EUR 100.60 mln / 42.2% ◆ Austria/Switzerland: EUR 31.42 mln / 13.2% ◆ Europe (other): EUR 75.43 mln / 31.6% ◆ Globally: EUR 31.14 mln / 13.1% ◆ M+M’s own CAD/CAM and BIM / Civil Engineering Software is sold to more than 70 countries on all five Continents ◆ ~75 Subsidiaries in >20 Countries (Europe, Asia and America) ◆ Far over 100,000 active seats @ more than 30,000 customers GER 42,2% Swiss Austria 13,2% Europe other 31,6% Globally 13,1%
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© 2026 Mensch und Maschine Sustainability: Economy & Ecology in harmony The M+M group is using all suitable roof surfaces in corporate ownership for regenerative power production with a total amount of ~200 MWh solar power p.a. The M+M business model is based on resource savings for customers ... ✓ A precision tool machine milling a part two to five times faster consumes correspondingly less electricity ✓ The same applies when customers accelerate their technical processes by eXs, custom, PDM Booster and CIM Ready training ✓ Or when BIM Ready training and the use of BIM Booster enable more effective planning and resource-saving construction ✓ Or when large infrastructure operators can achieve their ambitious sustainability goals more quickly through MapEdit ✓ A structure planned and calculated with SOFiSTiK software uses less steel and concrete or can alternatively be made of a more environmentally friendly material such as wood ✓ With the Gardening/Landscaping design software from DATAflor, gardens or parks are created that make a direct contribution to CO2 reduction … which should be enough to more than compensate the M+M CO2 footprint
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© 2026 Mensch und Maschine M+M: Entrepreneurial & Public Company ◼ Listings: ◆ scale, Frankfurt (scale30) ◆ m:access, Munich ◼ Designated Sponsors: ◆ LBBW, Stuttgart ◆ Oddo BHF, Frankfurt ◼ Analyst Coverage: ◆ LBBW: „Buy“ – fair value EUR 51.50 ◆ SMC*: „Strong buy“ – EUR 65.00 ◆ Berenberg*: „Hold“ – EUR 52.00 ◆ DZ Bank: „Buy“ – EUR 67.00 ◆ GBC AG: “Buy” – EUR 64.40 ◆ Deutsche Bank*: „Buy“ – EUR 60.00 *available in English language Total accumulated dividend for 2010 to 2025: EUR 12.60 Drotleff 50,40% Treasury stock Sept 30, 2026 2,84% Free Float 41,40% Management 5,36% Total 487,504 shares Value KEUR 22,257 EUR 45.655 per share M+M share mostly moved within 2% and 3% initial dividend return // 2020/21 down to ~1.5% // 2023-26 up to >5% 0,00 3,50 7,00 10,50 14,00 17,50 21,00 24,50 28,00 31,50 35,00 38,50 42,00 45,50 49,00 52,50 56,00 59,50 63,00 66,50 70,00 73,50 -100% 0% 100% 200% 300% 400% 500% 600% 700% 800% 900% 1000% 1100% 1200% 1300% 1400% 1500% 1600% 1700% 1800% 1900% 2000% Jan. 10 Jul. 10 Jan. 11 Jul. 11 Jan. 12 Jul. 12 Jan. 13 Jul. 13 Jan. 14 Jul. 14 Jan. 15 Jul. 15 Jan. 16 Jul. 16 Jan. 17 Jul. 17 Jan. 18 Jul. 18 Jan. 19 Jul. 19 Jan. 20 Jul. 20 Jan. 21 Jul. 21 Jan. 22 Jul. 22 Jan. 23 Jul. 23 Jan. 24 Jul. 24 Jan. 25 Jul. 25 Jan. 26 Jul. 26 TecDAX Index DAX Software Index M+M Aktie/Share EUR 2% Div Rendite/Return 3% 4%
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© 2026 Mensch und Maschine Why invest in M+M shares ? ◼ M+M is a leading developer of technical software solutions ◆ Founded 1984 // 42 years of established market position // ~1,200 employees ◆ More than 30,000 active customers with far over 100,000 active seats worldwide ◆ Broad geographical & sectoral allocation allows for flexible change management ◆ Entrepreneurial and 29 years public company ◼ Highly scalable business model / sustainable profitable growth ◆ Organic growth (CAGR): long-term average +8% p.a. ◆ EPS 2025: 191 Cents – Targeted doubling in 5 years: EPS 2030E more than 380 Cents ◆ Profit growth target secured by effective cost management ◼ Continuously increasing dividend return due to high payout ratio ◆ Software development (2025: EUR 29 mln) is mostly booked as operating expenses, rarely capitalized That is why M+M can afford a high dividend payout ratio without endangering our future More Information: www.mum.de / Investor Relations