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© Dassault Systèmes | Confidential Information | CEO CFO 7/23/2025
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2 © Dassault Systèmes | Confidential 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 are based on Dassault Systèmes management's current views and assumptions and involve known and unknown risks and uncertainties. Actual results or performances may differ materially from those in such statements due to a range of factors. The Group’s actual results or performance may be materially negatively affected by numerous risks and uncertainties, as described in the “Risk Factors” section 1.9 of the 2024 Universal Registration Document (‘Document d'enregistrement universel’) filed with the AMF (French Financial Markets Authority) on March 18, 2025, available on the Group’s website www.3ds.com. In particular, please refer to the risk factor “Uncertain Global Environment” in section 1.9.1.1 of the 2024 Universal Regist ration Document set out below for ease of reference: “In light of the uncertainties regarding economic, business, social, health, and geopolitical conditions at the global level, Dassault Systèmes’ revenue, net earnings and cash flows may grow more slowly, whether on an annual or quarterly basis, mainly due to the following factors: • the deployment of Dassault Systèmes’ solutions may represent a large portion of a customer’s investments in software technology. Decisions to make such an inves tment are impacted by the economic environment in which the customers operate. Uncertain global geopolitical, economic and health conditions and the lack of visibility or the lack of financial resources m ay cause some customers, e.g. within the automotive, aerospace, energy or natural resources industries, to reduce, postpone or cancel their investments, or to reduce or not renew ongoing paid maintenance for their installed base, which impact larger customers’ revenue with their respective sub -contractors; • the political, economic and monetary situation in certain geographic regions where Dassault Systèmes operates could become more volatile and negatively affect Dassault Systèmes’ business, and in particular its revenue, for example, due to stricter export compliance rules or the introduction of new customs barriers or controls on the exchange of goods and service s; • continued pressure or volatility on raw materials and energy prices could also slow down Dassault Systèmes’ diversification efforts in new industries; • uncertainties regarding the extent and duration of costs inflation could adversely affect the financial position of Dassault Systèmes; and • the sales cycle of the Dassault Systèmes’ products – already relatively long due to the strategic nature of such investments for customers – could further lengthen. The occurrence of crises – health and political crises in particular – could have consequences both for the health and safety of Dassault Systèmes’ employees and for the Company. It could also adversely impact the financial situation or financing and supply capabilities of Dassault Systèmes’ existing and potential customers, commercial and technology partners, some of whom may be forced to temporarily close sites or to cease operations. A deteriorating economic environment could generate increased price pressure and affect the collection of receivables, which would negatively affect Dassault Systèmes’ revenue, financial performance and market position. Dassault Systèmes makes every effort to take into consideration this uncertain outlook. Dassault Systèmes’ business results, however, may not develop as anticipated. Furthermore, due to factors affecting sales of Dassault Systèmes’ products and services, there may be a substantial time lag between an improvement in global economic and business conditions and an upswing in the Company’s business results.” In preparing such forward-looking statements, the Group has in particular assumed an average US dollar to euro exchange rate of US$1.17 per €1.00 as well as an average Japanese yen to euro exchange rate of JPY170.0 to €1.00 before hedging for the third quarter 2025. The Group has assumed an average US dollar to euro exchange rate of US$1.13 per €1.00 as well as an average Japanese yen to euro exchange rate of JPY166.1 to €1.00 before hedging for the full year 2025. However, currency values fluctuate, and the Group’s results may be significantly affected by changes in exchange rates. 7/23/2025
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3 © Dassault Systèmes | Confidential Information | Readers are cautioned that the supplemental non-IFRS financial information presented in this earnings 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 substitute for IFRS measurements. The supplemental non-IFRS financial information should be read only in conjunction with the Company’s consolidated financial statements prepared in accordance with IFRS. Furthermore, the Group’s supplemental non-IFRS financial information may not be comparable to similarly titled “non-IFRS” measures used by other companies. Specific limitations for individual non-IFRS measures are set forth in the Company’s 2024 Universal Registration Document filed with the AMF on March 18, 2025. In the tables accompanying this presentation the Group sets forth its supplemental non-IFRS figures for revenue, operating income, operating margin, net income and diluted earnings per share, which exclude the effect of adjusting the carrying value of acquired companies’ deferred revenue, share-based compensation expense and related social charges, the amortization of acquired intangible assets and of tangibles reevaluation, certain other operating income and expense, net, including impairment of goodwill and acquired intangibles, the effect of adjusting lease incentives of acquired companies, certain one-time items included in financial revenue and other, net, and the income tax effect of the non-IFRS adjustments and certain one-time tax effects. The tables also set forth the most comparable IFRS financial measure and reconciliations of this information with non- IFRS information. 7/23/2025
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4 © Dassault Systèmes | Confidential Information | 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 revenue and software revenue by activity, industry, geography and product lines. The Group believes it is helpful to evaluate its growth exclusive of currency impacts, particularly to help understand revenue trends in its business. Therefore, the Group provides percentage increases or decreases in its revenue and expenses (in both IFRS and non-IFRS) to eliminate the effect of changes in currency values, particularly the U.S. dollar and the Japanese yen, relative to the euro. When trend information is expressed "in constant currencies", the results of the "prior" period have first been recalculated using the average exchange rates of the comparable period in the current year, and then compared with the results of the comparable period in the current year. While constant currency calculations are not considered to be an IFRS measure, the Group believes these measures are critical to understanding its global revenue results and to compare with many of its competitors who report their financial results in U.S. dollars. Therefore, Dassault Systèmes includes this calculation to compare IFRS and non-IFRS revenue figures for comparable periods. All information at constant currencies is expressed as a rounded percentage and therefore may not precisely reflect the absolute figures. Information on Growth excluding acquisitions (“organic growth”) In addition to financial indicators relating to the Group’s entire scope, Dassault Systèmes also provides growth information excluding acquisitions’ effects, and named organic growth. To do so, the Group’s data is restated to exclude acquisitions, from the date of the transaction, over a period of 12 months. Information on Industrial Sectors Dassault Systèmes provides broad end-to-end software solutions and services: its 3D UNIV+RSES (made of multiple virtual twin experiences) powered by the 3DEXPERIENCE platform combine modeling, simulation, data science, artificial intelligence and collaborative innovation to support companies in the three sectors it serves, namely Manufacturing Industries, Life Sciences & Healthcare, and Infrastructure & Cities. These three sectors comprise twelve industries: • Manufacturing Industries: Transportation & Mobility; Aerospace & Defense; Marine & Offshore; Industrial Equipment; High-Tech; Home & Lifestyle; Consumer Packaged Goods - Retail. In Manufacturing Industries, Dassault Systèmes helps customers virtualize their operations, improve data sharing and collaboration across their organization, reduce costs and time-to-market, and become more sustainable; • Life Sciences & Healthcare: Life Sciences & Healthcare. In this sector, the Group aims to address the entire cycle of the patient journey to lead the way toward precision medicine. To reach the broader healthcare ecosystem from research to commercial, the Group’s solutions connect all elements from molecule development to prevention to care, and combine new therapeutics, medical practices, and Medtech; • Infrastructure & Cities: Infrastructure, Energy & Materials; Architecture, Engineering & Construction; Business Services; Cities & Public Services. In Infrastructure & Cities, the Group supports the virtualization of the sector in making its industries more efficient and sustainable, and creating desirable living environments. Information on Product Lines The Group’s financial reporting on product lines includes the following information: • Industrial Innovation software revenue, which includes CATIA, ENOVIA, SIMULIA, DELMIA, GEOVIA, NETVIBES, and 3DEXCITE brands; • Life Sciences software revenue, which includes MEDIDATA and BIOVIA brands; • Mainstream Innovation software revenue which includes its CENTRIC PLM and 3DVIA brands, as well as the SOLIDWORKS brand and its expanded offerings in design, simulation, PLM, and manufacturing. OUTSCALE has been a Dassault Systèmes brand since 2022, extending the portfolio of software applications. As the first sovereign and sustainable operator on the cloud, OUTSCALE enables governments and corporations from all sectors to achieve digital autonomy through a Cloud experience and with a world-class cyber governance. 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 “Americas” group, made of two GEOs; the “Europe” group, comprising Europe, Middle East and Africa (EMEA) and made of four GEOs; the “Asia” group, comprising Asia and Oceania and made of five GEOs. 3DEXPERIENCE Software Contribution To measure the relative share of 3DEXPERIENCE software in its revenues, Dassault Systèmes calculates the percentage contribution by comparing total 3DEXPERIENCE software revenue to software revenue for all product lines except SOLIDWORKS, MEDIDATA, CENTRIC PLM and other acquisitions (defined as “3DEXPERIENCE Eligible software revenue”). Cloud revenue Cloud revenue is generated from contracts that provide access to cloud-based solutions (SaaS), infrastructure as a service (IaaS), cloud solution development and cloud managed services. These offerings are delivered by Dassault Systèmes through its own cloud infrastructure or by third-party cloud providers. They are available through different deployment methods: Dedicated cloud, Sovereign cloud and International cloud. Cloud solutions are generally offered through subscription-based models or perpetual licenses with support and hosting services. IFRS EBITDAO (Earnings Before Interest, Taxes and Amortization Operating) The IFRS EBITDAO corresponds to the IFRS operating income adjusted of amortization, depreciation and impairment expense of intangible and tangible assets and of non-cash share-based payment expense (excluding related social charges). Adjusted net debt definition The Adjusted Net Debt corresponds to the net financial debt position (borrowings net of cash, cash equivalent and short-term investments) adjusted of IFRS 16 lease liabilities. New business New business is the combination of subscription revenue and licenses & other software revenue. 7/23/2025
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5 © Dassault Systèmes | Confidential Information | Non-IFRS – All growth ex-FX (unless otherwise noted) 7/23/2025
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6 © Dassault Systèmes | Confidential Information | Financial Highlights & Objectives Financial Information Appendix 7/23/2025 Operational Highlights & Strategy
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7 © Dassault Systèmes | Confidential Information | 7/23/2025 Sustainability • • • • • • • • Personalized Experience Precision Medicine Patient Journey From Cure to Care Value Based Care Workforce of the Future Resiliency & Sovereignty Productized Construction Quality of LifeManufacturing Relocation Value Networks
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8 © Dassault Systèmes | Confidential Information | “Thales Alenia Space is a global leader in space systems, designing and delivering advanced solutions for telecommunications, earth observation, navigation, science, and space exploration” Adopts 3DEXPERIENCE for European space sovereignty 7/23/2025 3DEXPERIENCE platform on the cloud with: Thales Alenia Space leverages the 3DEXPERIENCE platform to drive manufacturing transformation for Space and reinforce European space sovereignty Leveraging integrated Virtual Twins to manage complex space missions from design to in-orbit operations Unifying engineering across missions to enable collaborative development and real-time alignment Reducing physical testing with predictive simulation to optimize mission reliability and accelerate spacecraft validation Unlocking geospatial analytics and AI to enhance virtual twins and boost space innovation and product quality Program Excellence Co-Design to Target
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9 © Dassault Systèmes | Confidential Information | Expands its 3DEXPERIENCE footprint from PLM to Manufacturing to shorten time to market and improve quality The 3DEXPERIENCE Platform streamlines Engineering to Manufacturing, in one data-driven platform, granting full traceability and compliance for each country’s regulation • Combining the Virtual Twin of product, shopfloor, and supply chain to reduce supply lead time, lower manufacturing costs, and ultimately shorten time to market • Employing a model-based approach to enable end-to-end traceability and ensure regulatory compliance, while maintaining rigorous quality standards throughout the development and production lifecycle • Accelerating FDA approval processes by streamlining documentation and optimizing the transfer of technology from product development to manufacturing “Nihon Kohden is a leading provider of cutting-edge medical technologies and solutions, advancing patient care in cardiology, neurology, and critical care through innovative monitoring, diagnostics, and life support systems” 3DEXPERIENCE platform: 7/23/2025 Time to innovation Quality and Regulatory Excellence for MedTech Manufacturing Excellence for MedTech
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10 © Dassault Systèmes | Confidential Information | Capturing potential of high-growth Data Center market Using the Systems-of-Systems approach, Dassault Systèmes helps hyperscalers, colocation providers, and enterprises design more sustainable cloud infrastructure, by optimizing operations, and by reducing energy consumption, emissions, and water use In the U.S. alone, supporting the rise of AI would require nearly 100 additional nuclear power stations — and almost none are being built today 3DEXPERIENCE platform: High Performance Data Center • Virtual Twin Experiences connect the virtual and real worlds of data centers, enabling continuous optimization from design to decommissioning • Powered by simulation, AI, and data intelligence, hyperscallers can enhance energy efficiency, cooling performance, and system resilience at every level — from individual racks to entire facilities • Through a collaborative, cloud-based platform, hyperscallers can benefit from a single source of truth that accelerates decision-making, fosters innovation, and drives sustainability 7/23/2025
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11 © Dassault Systèmes | Confidential Information | 2025 OPENING NEW GROWTH TERRITORIES: REGULATORY COMPLIANCE
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12 © Dassault Systèmes | Confidential Information | 7/23/2025
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13 © Dassault Systèmes | Confidential Information | Financial Highlights & Objectives Financial Information Appendix 7/23/2025 Operational Highlights & Strategy
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14 © Dassault Systèmes | Confidential Information | 7/23/2025 €M 2Q25 YTD25 Total Revenue 1,523 3,096 Growth YoY % +6% +5% Software Revenue Growth +6% +5% Operating Margin 29.3% 30.1% EPS (€) 0.30 0.61 EPS Growth +4% +5% EPS Growth reported -1% +2% Upfront License Revenue [Licenses & Other Revenue] Recurring Revenue [Subscription & Support Revenue] +7% Subscription Revenue Thereof New Business [Subscription & Upfront Licenses Revenue] YTD25 Subscription % of Recurring 83% 82% in YTD24 Recurring % of Software 49% 46% in YTD24 YTD25 YTD25 Non-IFRS – All growth ex-FX (unless otherwise noted) | In 2026, the information on this chart will be restructured +6% 2Q25 -2% YTD25 +5% 2Q25 +13% YTD25 +10% 2Q25 +8% YTD25 +8% 2Q25 Leveraging Revenue Mix for Long Term Value
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15 © Dassault Systèmes | Confidential Information | Non-IFRS – All growth ex-FX 7/23/2025 36% in 2Q24 25% in 2Q24 2Q25 2Q25 2Q25 1 Eligible Software Revenue excludes SOLIDWORKS, MEDIDATA, CENTRIC PLM and recent acquisitions 1 YTD25 YTD25
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16 © Dassault Systèmes | Confidential Information | Non-IFRS 7/23/2025 Operating Margin EPSTotal Revenue in % in € Above mid point excluding FX impact Above mid point excluding FX impact 2Q25 EUR/USD from 1.10 to 1.13 and EUR/JPY from 155.0 to 163.8 | 2Q25 Effective Tax Rate at 18.0%, in objectives and actuals in €M Below mid point Guidance Mid-point Guidance Mid-point Guidance Mid-point Actuals Actuals ActualsPerformance Performance Currency Impact Currency Impact Currency Impact Performance
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17 © Dassault Systèmes | Confidential Information | Non-IFRS 7/23/2025 2Q25: +2%* | YTD25: +5%* Share 40%** Good performance in High-Tech and Industrial Equipment in the quarter Resilient first semester performance in Aerospace & Defense 2Q25: +6%* | YTD25: +5%* | Share 23%** Good Momentum, led by China up mid-teens in the quarter, while India and Korea, up mid-single digit in first semester 2Q25: +10%* | YTD25: +5%* | Share 37%** Acceleration led by France and Southern Europe, driven by defense spending and resilient automotive sector * YOY Growth ex FX ** YTD25
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18 © Dassault Systèmes | Confidential Information | Non-IFRS – All growth ex-FX 7/23/2025 % Growth 2Q25 YTD25 Industrial Innovation software revenue +9% +8% Life Sciences software revenue 0% 0% Mainstream Innovation software revenue +4% +3% Total software revenue +6% +5% Strong broad-based performance driven by SIMULIA, CATIA and ENOVIA SOLIDWORKS strong subscription growth, advancing its business model shift MEDIDATAflat as CRO headwinds persist due to study starts decline 2Q25 Highlights
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19 © Dassault Systèmes | Confidential Information | Financial debt as of June 2025: €2,578 M Net cash position: €1,506 M 7/23/2025 3,953 4,084 478 311 364 62 Treasury shares buy-back, employee shareholding plan and stock option exercise Cash dividends paid -274 -343 FX impact Cash & Cash equivalent 2Q 2025 -84* Net proceeds of debts Repayment of lease liabilities -45 Investing and other financing -332 Change in non-operating work capital -6 Change in operating working capital Non cash P&L items Net IncomeCash & Cash equivalent 4Q 2024 Operating cash flow: +€1,147 M vs. +€1,130 M in 2Q 2024 (+€17 M / +2%) In € Million Cash & Cash equivalents: €4.1 Bn, +€131 M vs. Dec 2024 Net Cash Position 4,084 1,506 Cash & Cash equivalents 2Q 2025 -2,578 Borrowings 2Q 2025 Net Cash position 2Q 2025 IFRS Borrowings at €2,578 M, increase of €84 M vs. 4Q 2024 Net cash position = Cash and cash equivalents and short-term investments minus borrowings *including the capital increase of the employee shareholding plan and the treasury shares acquired for cancelling its dilutiv e effect
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20 © Dassault Systèmes | Confidential Information | UNCHANGED UNCHANGED 7/23/2025 in €M in €
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21 © Dassault Systèmes | Confidential Information | Non-IFRS – All growth ex-FX (unless otherwise noted) 1,485-1,535 Revenue (€M) 6,410 - 6,510 +5-8% Total Revenue +6-8% +5-9% Software Revenue +6-8% +1-5% Service Revenue +1-3% 29.7 – 29.9% Operating Margin 32.2 - 32.4% €0.29 - 0.30 EPS (€) €1.32 - 1.35 +0% to 4% EPS Reported Growth +3-6 % +5-9% EPS Growth +7-10% Tax rate of ~17.3% (18.1% in 3Q24) FX: €/$: 1.17 €/¥: 170.0 Tax rate of ~17.9% (18.8% in FY24) FX: €/$: 1.13 €/¥: 166.1 7/23/2025 FY253Q25
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22 © Dassault Systèmes | Confidential Information | Financial Highlights & Objectives Financial Information Appendix 7/23/2025 Operational Highlights & Strategy
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23 © Dassault Systèmes | Confidential Information | Non-IFRS – All growth ex-FX (unless otherwise noted) 1,485-1,535 Revenue (€M) 6,410 - 6,510 +5-8% Total Revenue +6-8% +5-9% Software Revenue +6-8% +1-5% Service Revenue +1-3% 29.7 – 29.9% Operating Margin 32.2 – 32.4% €0.29 - 0.30 EPS (€) €1.32 - 1.35 +0-4% EPS Reported Growth +3-6% +5-9% EPS Growth +7-10% FY 2025 INCREASING SHARE OF PREDICTABILITY 3Q 2025 INCREASING SHARE OF PREDICTABILITY SUBSCRIPTION UPFRONT LICENSE +9-15% RECURRING +5-8% UPFRONT LICENSE +7-14% +10-15% SUBSCRIPTION thereof + SUBSCRIPTION UPFRONT LICENSE +10-12% RECURRING +7-8% UPFRONT LICENSE +13-15% SUBSCRIPTION thereof + Tax rate of ~17.3% (18.1% in 3Q24) FX: €/$: 1.17 €/¥: 170.0 Tax rate of ~17.9% (18.8% in FY24) FX: €/$: 1.13 €/¥: 166.1 +4-7% 7/23/2025
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24 © Dassault Systèmes | Confidential Information | IFRS 7/23/2025 Americas Europe Asia in MEUR 2Q25 2Q24 Growth Growth ex FX YTD25 YTD24 Growth Growth ex FX Americas 505 526 (4)% +2% 1,116 1,079 +3% +5% Europe 533 492 +8% +10% 1,047 995 +5% +5% Asia 334 329 +2% +6% 643 625 +3% +5% Software revenue 1,373 1,347 +2% +6% 2,805 2,699 +4% +5% 2Q25 2Q24 YTD25 YTD24 40% 37% 23% 40% 37% 23% 37% 39% 24% 39% 37% 24%
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25 © Dassault Systèmes | Confidential Information | Non - IFRS 7/23/2025 Americas Europe Asia in MEUR 2Q25 2Q24 Growth Growth ex FX YTD25 YTD24 Growth Growth ex FX Americas 505 526 (4)% +2% 1,116 1,079 +3% +5% Europe 535 492 +9% +10% 1,048 995 +5% +5% Asia 334 329 +2% +6% 643 625 +3% +5% Software revenue 1,374 1,347 +2% +6% 2,807 2,699 +4% +5% 2Q25 2Q24 YTD25 YTD24 40% 37% 23% 40% 37% 23% 37% 39% 24% 39% 37% 24%
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26 © Dassault Systèmes | Confidential Information | IFRS 7/23/2025 Industrial Innovation SW revenue Life Sciences SW revenue Mainstream Innovation SW revenue 2Q25 2Q24 YTD25 YTD24 55% 20% 25% 53% 21% 26% 54% 20% 26% 52% 21% 27% in MEUR 2Q25 2Q24 Growth Growth ex FX YTD25 YTD24 Growth Growth ex FX Industrial Innovation SW revenue 745 702 +6% +9% 1,538 1,433 +7% +8% Life Sciences SW revenue 268 282 (5)% +0% 561 566 (1)% +0% Mainstream Innovation SW revenue 360 363 (1)% +3% 707 700 +1% +3% Software revenue 1,373 1,347 +2% +6% 2,805 2,699 +4% +5%
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27 © Dassault Systèmes | Confidential Information | Non - IFRS 7/23/2025 Industrial Innovation SW revenue Life Sciences SW revenue Mainstream Innovation SW revenue 2Q25 2Q24 YTD25 YTD24 55% 20% 25% 53% 21% 26% 54% 20% 26% 52% 21% 27% in MEUR 2Q25 2Q24 Growth Growth ex FX YTD25 YTD24 Growth Growth ex FX Industrial Innovation SW revenue 745 702 +6% +9% 1,538 1,433 +7% +8% Life Sciences SW revenue 268 282 (5)% +0% 561 566 (1)% +0% Mainstream Innovation SW revenue 361 363 (0)% +4% 708 700 +1% +3% Software revenue 1,374 1,347 +2% +6% 2,807 2,699 +4% +5%
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28 © Dassault Systèmes | Confidential Information | Non - IFRS 7/23/2025 Recurring Non Recurring in MEUR 2Q25 2Q24 Growth Growth ex FX YTD25 YTD24 Growth Growth ex FX Recurring Subscription and Support revenue 1,099 1,075 +2% +6% 2,333 2,209 +6% +7% of which Subscription revenue 511 482 +6% +10% 1,147 1,026 +12% +13% Non Recurring Licenses and Other software revenue 276 272 +1% +5% 474 490 (3)% (2)% Software revenue 1,374 1,347 +2% +6% 2,807 2,699 +4% +5% 2Q25 2Q24 YTD25 YTD24 83% 17% 82% 18% 80% 20% 80% 20%
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29 © Dassault Systèmes | Confidential Information | 7/23/2025 Three months ended June 30, Six months ended June 30, (In € million, except % and per share data) 2025 2024 YoY 2025 2024 YoY Software revenue 1,372.7 1,346.5 +2% 2,805.4 2,699.4 +4% Licenses and Other software revenue 275.6 271.8 +1% 473.7 490.3 (3)% Subscription and Support revenue 1,097.1 1,074.8 +2% 2,331.7 2,209.1 +6% Services revenue 148.9 149.2 (0)% 289.2 296.1 (2)% Total revenue 1,521.6 1,495.8 +2% 3,094.6 2,995.4 +3% Cost of Software revenue (120.1) (124.8) (4)% (249.3) (236.8) +5% Cost of Services revenue (144.6) (127.9) +13% (275.7) (259.8) +6% Research and development expenses (348.7) (326.1) +7% (697.3) (637.5) +9% Marketing and sales expenses (448.0) (423.8) +6% (894.5) (844.1) +6% General and administrative expenses (123.7) (111.6) +11% (244.2) (216.7) +13% Amortization of acquired intangible assets and of tangible assets revaluation (85.4) (92.3) (7)% (173.8) (185.6) (6)% Other operating income and expense, net (9.3) (13.2) (29)% (13.7) (15.0) (8)% Total operating expenses (1,279.9) (1,219.8) +5% (2,548.4) (2,395.4) +6% Operating income 241.7 276.0 (12)% 546.1 600.0 (9)% Financial income (loss), net 29.9 33.3 (10)% 60.2 63.4 (5)% Income tax expense (53.0) (47.7) +11% (128.4) (116.0) +11% Non-controlling interest 4.9 1.2 +300% 6.1 1.0 N/A Net Income (to equity holders of the parent) 223.5 262.7 (15)% 484.0 548.4 (12)% Diluted earnings per share (EPS) 0.17 0.21 (19)% 0.37 0.42 (14)% Average diluted shares (Million) 1,324.4 1,326.2 1,325.7 1,328.7
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30 © Dassault Systèmes | Confidential Information | 7/23/2025 * EBIT: Earnings Before Income Tax Three months ended June 30, Six months ended June 30, 2025 2024 2025 2024 % of revenue % of revenue Software revenue 90.2% 90.0% 90.7% 90.1% Licenses and Other software revenue 18.1% 18.2% 15.3% 16.4% Subscription and Support revenue 72.1% 71.9% 75.3% 73.7% Services revenue 9.8% 10.0% 9.3% 9.9% Total revenue 100.0% 100.0% 100.0% 100.0% Cost of Software revenue 7.9% 8.3% 8.1% 7.9% Cost of Services revenue 9.5% 8.6% 8.9% 8.7% Research and development expenses 22.9% 21.8% 22.5% 21.3% Marketing and sales expenses 29.4% 28.3% 28.9% 28.2% General and administrative expenses 8.1% 7.5% 7.9% 7.2% Amortization of acquired intangible assets and of tangible assets revaluation 5.6% 6.2% 5.6% 6.2% Other operating income and expense, net 0.6% 0.9% 0.4% 0.5% Total operating expenses 84.1% 81.6% 82.4% 80.0% Operating income 15.9% 18.4% 17.6% 20.0% Financial income (loss), net 2.0% 2.2% 1.9% 2.1% Income tax rate (% of EBIT *) 19.5% 15.4% 21.2% 17.5% Non-controlling interest 0.3% 0.1% 0.2% 0.0% Net Income (to equity holders of the parent) 14.7% 17.6% 15.6% 18.3%
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31 © Dassault Systèmes | Confidential Information | 7/23/2025 Three months ended June 30, Six months ended June 30, (In € million, except % and per share data) 2025 2024 YoY 2025 2024 YoY Software revenue 1,374.2 1,346.5 +2% 2,807.0 2,699.4 +4% Licenses and Other software revenue 275.6 271.8 +1% 473.7 490.3 (3)% Subscription and Support revenue 1,098.6 1,074.8 +2% 2,333.2 2,209.1 +6% Services revenue 148.9 149.2 (0)% 289.2 296.1 (2)% Total revenue 1,523.2 1,495.8 +2% 3,096.2 2,995.4 +3% Cost of Software revenue (118.1) (124.1) (5)% (245.8) (235.1) +5% Cost of Services revenue (132.6) (123.6) +7% (260.1) (253.2) +3% Research and development expenses (319.7) (305.5) +5% (635.7) (598.7) +6% Marketing and sales expenses (408.2) (400.5) +2% (830.1) (807.1) +3% General and administrative expenses (98.5) (94.3) +4% (192.3) (187.1) +3% Total operating expenses (1,077.1) (1,047.9) +3% (2,164.0) (2,081.1) +4% Operating income 446.1 447.8 (0)% 932.2 914.3 +2% Financial income (loss), net 30.4 33.8 (10)% 61.3 64.9 (6)% Income tax expense (85.7) (84.1) +2% (182.8) (184.0) (1)% Non-controlling interest 0.3 (0.4) (167)% 0.5 (0.9) (152)% Net Income (to equity holders of the parent) 391.0 397.1 (2)% 811.2 794.3 +2% Diluted earnings per share (EPS) 0.30 0.30 (1)% 0.61 0.60 +2% Average diluted shares (Million) 1,324.4 1,326.2 1,325.7 1,328.7
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32 © Dassault Systèmes | Confidential Information | 7/23/2025 * EBIT: Earnings Before Income Tax Three months ended June 30, Six months ended June 30, 2025 2024 2025 2024 % of revenue % of revenue Software revenue 90.2% 90.0% 90.7% 90.1% Licenses and Other software revenue 18.1% 18.2% 15.3% 16.4% Subscription and Support revenue 72.1% 71.9% 75.4% 73.7% Services revenue 9.8% 10.0% 9.3% 9.9% Total revenue 100.0% 100.0% 100.0% 100.0% Cost of Software revenue 7.8% 8.3% 7.9% 7.8% Cost of Services revenue 8.7% 8.3% 8.4% 8.5% Research and development expenses 21.0% 20.4% 20.5% 20.0% Marketing and sales expenses 26.8% 26.8% 26.8% 26.9% General and administrative expenses 6.5% 6.3% 6.2% 6.2% Total operating expenses 70.7% 70.1% 69.9% 69.5% Operating income 29.3% 29.9% 30.1% 30.5% Financial income (loss), net 2.0% 2.3% 2.0% 2.2% Income tax rate (% of EBIT *) 18.0% 17.5% 18.4% 18.8% Non-controlling interest 0.0% 0.0% 0.0% 0.0% Net Income (to equity holders of the parent) 25.7% 26.5% 26.2% 26.5%
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33 © Dassault Systèmes | Confidential Information | Revenue and Gross Margin 7/23/2025 (In € million, except %) 2025 IFRS Adjustment 2025 Non-IFRS 2024 IFRS Adjustment 2024 Non-IFRS IFRS Non-IFRS Total Revenue 1,521.6 1.6 1,523.2 1,495.8 - 1,495.8 +2% +2% Total Revenue breakdown by activity Software revenue 1,372.7 1.6 1,374.2 1,346.5 1,346.5 +2% +2% Licenses and Other software revenue 275.6 275.6 271.8 271.8 +1% +1% Subscription and Support revenue 1,097.1 1.6 1,098.6 1,074.8 1,074.8 +2% +2% Recurring portion of Software revenue 80% 80% 80% 80% Services revenue 148.9 148.9 149.2 149.2 (0)% (0)% Total Revenue breakdown by product line Industrial Innovation SW revenue 744.6 744.6 701.9 701.9 +6% +6% Life Sciences SW revenue 268.3 268.3 281.7 281.7 (5)% (5)% Mainstream Innovation SW revenue 359.7 1.6 361.3 363.0 363.0 (1)% (0)% Services revenue 148.9 148.9 149.2 149.2 (0)% (0)% Software Revenue breakdown by geography Americas revenue 505.0 0.1 505.0 525.5 525.5 (4)% (4)% Europe revenue 533.4 1.4 534.8 491.9 491.9 +8% +9% Asia revenue 334.3 0.1 334.4 329.1 329.1 +2% +2% Gross Margin Cost of Software revenue (120.1) 2.0 (118.1) (124.8) 0.8 (124.1) (4)% (5)% Software Gross margin (1) 91.3% 91.4% 90.7% 90.8% Cost of Services revenue (144.6) 12.0 (132.6) (127.9) 4.4 (123.6) +13% +7% Services Gross margin 2.9% 11.0% 14.3% 17.2% (1) No amortization of acquired intangible assets and of tangible assets revaluation is included in Software Gross margin calculation Three months ended June 30, Increase (Decrease)
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34 © Dassault Systèmes | Confidential Information | Expenses & Earnings 7/23/2025 (In € million, except % and per share data) 2025 IFRS Adjustment 2025 Non-IFRS 2024 IFRS Adjustment 2024 Non-IFRS IFRS Non-IFRS Total Operating Expenses (1,279.9) 202.9 (1,077.1) (1,219.8) 171.9 (1,047.9) +5% +3% Share-based compensation expense and related social charges (107.7) 107.7 (65.8) 65.8 Amortization of acquired intangible assets and of tangible assets revaluation (85.4) 85.4 (92.3) 92.3 Lease incentives of acquired companies (0.4) 0.4 (0.5) 0.5 Other operating income and expense, net (9.3) 9.3 (13.2) 13.2 Operating Income 241.7 204.4 446.1 276.0 171.9 447.8 (12)% (0)% Operating Margin 15.9% 29.3% 18.4% 29.9% Financial income (loss), net 29.9 0.6 30.4 33.3 0.5 33.8 (10)% (10)% Income tax expense (53.0) (32.8) (85.7) (47.7) (36.4) (84.1) +11% +2% Non-controlling interest 4.9 (4.7) 0.3 1.2 (1.6) (0.4) +300% (167)% Net Income attributable to shareholders 223.5 167.6 391.0 262.7 134.4 397.1 (15)% (2)% Diluted earnings per share, in EUR 0.17 0.13 0.30 0.21 0.09 0.30 (19)% (1)% (In € million) 2025 IFRS Share-based compensation expense and related social charges Lease incentives of acquired companies 2025 Non-IFRS 2024 IFRS Share-based compensation expense and related social charges Lease incentives of acquired companies 2024 Non-IFRS Cost of revenue (264.7) 13.9 0.1 (250.7) (252.8) 5.0 0.1 (247.6) Research and development expenses (348.7) 28.9 0.1 (319.7) (326.1) 20.4 0.2 (305.5) Marketing and sales expenses (448.0) 39.7 0.1 (408.2) (423.8) 23.2 0.1 (400.5) General and administrative expenses (123.7) 25.2 0.0 (98.5) (111.6) 17.2 0.0 (94.3) Total 107.7 0.4 65.8 0.5 Three months ended June 30, Three months ended June 30, Increase (Decrease)
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35 © Dassault Systèmes | Confidential Information | Revenue and Gross Margin 7/23/2025 (In € million, except %) 2025 IFRS Adjustment 2025 Non-IFRS 2024 IFRS Adjustment 2024 Non-IFRS IFRS Non-IFRS Total Revenue 3,094.6 1.6 3,096.2 2,995.4 - 2,995.4 +3% +3% Total Revenue breakdown by activity Software revenue 2,805.4 1.6 2,807.0 2,699.4 2,699.4 +4% +4% Licenses and Other software revenue 473.7 473.7 490.3 490.3 (3)% (3)% Subscription and Support revenue 2,331.7 1.6 2,333.2 2,209.1 2,209.1 +6% +6% Recurring portion of Software revenue 83% 83% 82% 82% Services revenue 289.2 289.2 296.1 296.1 (2)% (2)% Total Revenue breakdown by product line Industrial Innovation SW revenue 1,537.7 1,537.7 1,433.2 1,433.2 +7% +7% Life Sciences SW revenue 560.9 (0.0) 560.9 566.4 566.4 (1)% (1)% Mainstream Innovation SW revenue 706.8 1.6 708.3 699.7 699.7 +1% +1% Services revenue 289.2 289.2 296.1 296.1 (2)% (2)% Software Revenue breakdown by geography Americas revenue 1,116.1 0.1 1,116.2 1,079.1 1,079.1 +3% +3% Europe revenue 1,046.6 1.4 1,048.0 995.1 995.1 +5% +5% Asia revenue 642.7 0.1 642.8 625.2 625.2 +3% +3% Gross Margin Cost of Software revenue (249.3) 3.5 (245.8) (236.8) 1.7 (235.1) +5% +5% Software Gross margin (1) 91.1% 91.2% 91.2% 91.3% Cost of Services revenue (275.7) 15.6 (260.1) (259.8) 6.6 (253.2) +6% +3% Services Gross margin 4.7% 10.1% 12.3% 14.5% (1) No amortization of acquired intangible assets and of tangible assets revaluation is included in Software Gross margin calculation Six months ended June 30, Increase (Decrease)
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36 © Dassault Systèmes | Confidential Information | Expenses & Earnings 7/23/2025 (In € million, except % and per share data) 2025 IFRS Adjustment 2025 Non-IFRS 2024 IFRS Adjustment 2024 Non-IFRS IFRS Non-IFRS Total Operating Expenses (2,548.4) 384.4 (2,164.0) (2,395.4) 314.3 (2,081.1) +6% +4% Share-based compensation expense and related social charges (196.2) 196.2 (112.6) 112.6 Amortization of acquired intangible assets and of tangible assets revaluation (173.8) 173.8 (185.6) 185.6 Lease incentives of acquired companies (0.8) 0.8 (1.2) 1.2 Other operating income and expense, net (13.7) 13.7 (15.0) 15.0 Operating Income 546.1 386.0 932.2 600.0 314.3 914.3 (9)% +2% Operating Margin 17.6% 30.1% 20.0% 30.5% Financial income (loss), net 60.2 1.1 61.3 63.4 1.5 64.9 (5)% (6)% Income tax expense (128.4) (54.4) (182.8) (116.0) (68.0) (184.0) +11% (1)% Non-controlling interest 6.1 (5.6) 0.5 1.0 (1.9) (0.9) N/A (152)% Net Income attributable to shareholders 484.0 327.2 811.2 548.4 245.9 794.3 (12)% +2% Diluted earnings per share, in EUR 0.37 0.25 0.61 0.42 0.17 0.60 (14)% +2% (In € million) 2025 IFRS Share-based compensation expense and related social charges Lease incentives of acquired companies 2025 Non-IFRS 2024 IFRS Share-based compensation expense and related social charges Lease incentives of acquired companies 2024 Non-IFRS Cost of revenue (525.0) 18.8 0.2 (505.9) (496.5) 8.0 0.3 (488.2) Research and development expenses (697.3) 61.4 0.3 (635.7) (637.5) 38.3 0.6 (598.7) Marketing and sales expenses (894.5) 64.2 0.2 (830.1) (844.1) 36.8 0.2 (807.1) General and administrative expenses (244.2) 51.8 0.1 (192.3) (216.7) 29.5 0.1 (187.1) Total 196.2 0.8 112.6 1.2 Six months ended June 30, Six months ended June 30, Increase (Decrease)
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37 © Dassault Systèmes | Confidential Information | Non - IFRS 7/23/2025 (In € million) 2025 2024 YoY 2025 2024 YoY Interest Income 39.3 47.4 (8.1) 80.7 91.1 (10.4) Interest Expense (5.0) (4.9) (0.1) (10.4) (10.1) (0.2) Interest Expense on cap lease (IFRS 16) (4.6) (5.9) 1.2 (9.6) (10.8) 1.2 Financial net Income (loss) 29.6 36.6 (7.0) 60.7 70.2 (9.4) Exchange Gain / (Loss) 1.4 (2.4) 3.8 1.2 (4.4) 5.6 Other Income / (Loss) (0.5) (0.4) (0.1) (0.6) (0.8) 0.2 Total 30.4 33.8 (3.4) 61.3 64.9 (3.6) Three months ended June 30, Six months ended June 30,
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38 © Dassault Systèmes | Confidential Information | From assumptions to actual data – Non-IFRS 7/23/2025 Revenue Operating Expenses 2024 2025 % change EUR/USD 1.08 1.13 +5% EUR/JPY 167.77 163.81 (2)% EUR/USD 1.08 1.09 +1% EUR/JPY 164.46 162.12 (1)% JPY 48.3% 46.7% Breakdown of P&L by currency for YTD 25 2.7% YTD QTD Average Exchange rates USD 7.0% 2Q25 2Q24 2Q24 1.13 167.77 2Q25 1.08 163.81 in average in average in average in average EUR/$ – 2Q25/2Q24 Variance EUR/¥ – 2Q25/2Q24 Variance 1.08 -> 1.13 167.77 -> 163.81 Average EUR/$ rate Average EUR/¥ rate
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39 © Dassault Systèmes | Confidential Information | 7/23/2025 Non – IFRS In € million, except % Revenue Operating Expenses Operating Income Operating Margin 2Q25 Guidance MID 1,549.6 (1,086.6) 463.0 29.9% Growth YoY +3.6% +3.7% +3.4% (0.1)pt USD impact (23.4) 15.5 (7.9) (0.1)pt JPY impact (6.1) 1.7 (4.4) (0.2)pt Other currencies incl. hedging (8.7) 5.4 (3.3) (0.0)pt Total FX currencies incl. hedging (38.3) 22.6 (15.7) (0.3)pt Activity 11.8 (13.0) (1.2) (0.3)pt Delta: Reported vs guidance (26.5) 9.6 (16.9) (0.6)pt 2Q25 Reported 1,523.2 (1,077.1) 446.1 29.3% Growth YoY +1.8% +2.8% (0.4)% (0.7)pt 2Q24 Reported 1,495.8 (1,047.9) 447.8 29.9%
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40 © Dassault Systèmes | Confidential Information | 7/23/2025 Non – IFRS Revenue Expenses Operating Income Operating Margin In € million, except % Revenue Expenses Operating Income Operating Margin 1,495.8 (1,047.9) 447.8 29.9% 2024 2,995.4 (2,081.1) 914.3 30.5% (36.5) 24.8 (11.7) (0.1)pt USD impact (15.4) 10.3 (5.1) (0.0)pt 2.7 (0.7) 2.0 +0.1pt JPY impact 3.0 (0.8) 2.2 +0.0pt (18.9) 6.2 (12.6) (0.5)pt Other impacts (20.5) 5.7 (14.8) (0.3)pt (52.7) 30.3 (22.4) (0.5)pt Total FX effect (32.9) 15.2 (17.7) (0.3)pt 1,443.1 (1,017.7) 425.5 29.5% 2024 ex FX 2,962.6 (2,065.9) 896.6 30.3% 6% 6% 5% (0.2)pt Growth ex FX 5% 5% 4% (0.2)pt 1,523.2 (1,077.1) 446.1 29.3% 2025 3,096.2 (2,164.0) 932.2 30.1% 2% 3% 0% (0.7)pt Growth 3% 4% 2% (0.4)pt QTD YTD
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41 © Dassault Systèmes | Confidential Information | IFRS 7/23/2025 In millions of € YTD 25 YTD 24 Variation Net income attributable to equity holders of the parent 484,0 548,4 (64,4) Non-controlling interest (6,1) (1,0) (5,1) Net income 477,9 547,5 (69,5) Non-cash items 311,4 356,4 (45,0) Net income adjusted for non-cash items 789,3 903,9 (114,6) Operating working capital 364,4 228,7 135,7 Non operating working capital (6,4) (2,4) (4,0) Changes in working capital 358,0 226,3 131,7 Net Cash From Operating Activities (I) 1 147,3 1 130,2 17,2 Additions to property, equipment and intangible assets (95,3) (107,8) 12,5 Payment for acquisition of businesses, net of cash acquired (202,9) (15,7) (187,2) Other (34,6) 23,1 (57,7) Net Cash Provided by (Used in) Investing Activities (II) (332,8) (100,4) (232,4) Proceeds from exercise of stock options 29,6 35,2 (5,7) Cash dividends paid (342,6) (302,7) (39,9) Repurchase and sale of treasury stock (224,8) (307,7) 82,9 Capital increase 111,3 - 111,3 Acquisition of non-controlling interests (0,2) (2,6) 2,5 Proceeds from borrowings 81,0 - 81,0 Repayment of borrowings (18,5) (0,2) (18,4) Repayment of lease liabilities (45,4) (42,3) (3,0) Net Cash Provided by (Used in) Financing Activities (III) (409,5) (620,2) 210,7 Effect of exchange rate changes on cash and cash equivalents (IV) (273,9) 53,6 (327,5) Increase (decrease) in cash and cash equivalents (V) = (I)+(II)+(III)+(IV) 131,2 463,2 (332,1) Cash and cash equivalents at beginning of period 3 952,6 3 568,3 Cash and cash equivalents at end of period 4 083,7 4 031,5
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42 © Dassault Systèmes | Confidential Information | End of End of Variation Jun-25 Dec-24 Jun-25 / Dec-24 Cash and cash equivalents 4,083.7 3,952.6 +131.1 Trade accounts receivable, net 1,575.9 2,120.9 -545.0 Contract assets 40.1 30.1 +9.9 Other current assets 406.2 464.0 -57.8 Total current assets 6,105.9 6,567.6 -461.7 Property and equipment, net 903.5 945.8 -42.3 Goodwill and Intangible assets, net 7,030.3 7,687.1 -656.8 Other non-current assets 375.7 345.5 +30.2 Total non-current assets 8,309.4 8,978.3 -668.9 Total Assets 14,415.3 15,545.9 -1,130.7 Trade accounts payable 183.2 259.9 -76.8 Contract liabilities 1,559.3 1,663.4 -104.1 Borrowings, current 534.0 450.8 +83.3 Other current liabilities 1,063.0 1,147.4 -84.4 Total current liabilities 3,339.5 3,521.5 -182.0 Borrowings, non-current 2,043.9 2,042.8 +1.1 Other non-current liabilities 836.0 900.9 -64.9 Total non-current liabilities 2,879.9 2,943.7 -63.7 Non-controlling interest 11.5 14.1 -2.7 Parent Shareholders' equity 8,184.3 9,066.6 -882.3 Total Liabilities 14,415.3 15,545.9 -1,130.7 (in millions of €) IFRS 7/23/2025
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43 © Dassault Systèmes | Confidential Information | IFRS € million YTD25 YTD24 Changes Operating Cash Flow +1,147 +1,130 +17 Up +2% year over year Net income adjusted for non cash items +789 +904 -115 Down -13% year over year Decrease in trade accounts receivable and contract assets +419 +231 +188 Balance up +12% exFX YoY DSO at 95 days, +4 days YoY, -14 days vs 4Q24 Decrease (Increase) in contract liability -9 +131 -140 Balance up +1% exFX YoY Increase (Decrease) in accrued compensation +3 -103 +106 Higher accrued compensation vs. last year due to an increase in the employer's contribution rate in France Decrease in accounts payable -49 -31 -18 Increase in income taxes payable +47 +1 +46 Higher income tax accruals Other -53 -3 -50 Higher VAT due to higher end of year activity YTD25 YTD24 Changes +1,147 +1,130 +17 +789 +904 -115 +364 +228 +136 -6 -2 -4 Operating Working Capital Non Operating Working Capital 7/23/2025
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44 © Dassault Systèmes | Confidential Information | IFRS 7/23/2025 DSO in days 91 85 109 99 95 2Q24 3Q24 4Q24 1Q25 2Q25
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45 © Dassault Systèmes | Confidential Information | Overview 7/23/2025 2Q25 2Q24 % growth M&S + COR Ser 12,258 11,912 +2.9% R&D + COR SW 11,883 11,820 +0.5% G&A 2,112 2,079 +1.6% Total 26,253 25,811 +1.7% At Closing - TOTAL
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46 © Dassault Systèmes | Confidential Information | • FY 2025 estimated contract liabilities write-down: ~€4 M • FY 2025 estimated share-based compensation expense, including related social charges: ~€324 M, these estimates do not include any new stock option or share grants issued after June 30, 2025 • FY 2025 estimated amortization of acquired intangible assets and of tangible assets revaluation ~€336 M • FY 2025 estimated lease incentives of acquired companies: ~€1 M • The non-IFRS objectives also do not include any impact from other operating income and expense, net principally comprised of acquisition, integration and restructuring expenses, and impairment of goodwill and acquired intangible assets; from one-time items included in financial revenue; from one-time tax effects; and from the income tax effects of these non-IFRS adjustments • Finally, these estimates do not include any new acquisitions or restructurings completed after June 30, 2025 Accounting elements not included in the non-IFRS 2025 Objectives 7/23/2025
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47 © Dassault Systèmes | Confidential Information | 7/23/2025