Global Provider of Supply Chain Management and Enterprise Software Solutions

NASDAQ: AMSWA

Allan Dow Vincent Klinges

President Chief Financial Officer

May 2018 Forward Looking Statements

This presentation may include statements that may constitute “forward-looking statements,” including estimates of future business prospects or financial results and statements containing the words “believe,” “expect,” or similar expressions. Any forward-looking statements herein are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. There are many factors that could cause actual results of American Software to differ materially from those anticipated by forward-looking statements made herein. These factors include continuing economic uncertainty, the timing and degree of business recovery, unpredictability and the irregular pattern of future revenues, competitive pressures, delays and other risks associated with new product development, the unpredictability of the effectiveness and duration of third-party marketing agreements, undetected software errors, and risks associated with market acceptance of the Company’s products and services as well as a number of other risk factors that could affect the future performance of the Company. Please refer to a discussion of these factors and others in the Company's most recent Annual Report on Form 10-K and in its Quarterly Reports on Form 10-Q and other reports and documents subsequently filed with the Securities and Exchange Commission. For more information about risks the Company could face as well as other information, contact Vincent C. Klinges, Chief Financial Officer, American Software, Inc., 470 East Paces Ferry Rd., Atlanta, GA 30305, (800) 726-2946 or (404) 264-5477. FAX: (404) 264-5206 INTERNET: www.amsoftware.com or E-mail: [email protected].

Large, Diversified Supply Chain Customer Base Approximately 1,350 customers Software Applications in over 80 Countries

Rapid Deployment Direct and Indirect and Significant ROI Global Sales Channels for Customers Shareholder Value Financial Strength to Dividend Yield of 3.36% Invest, Compete and Win Over 17 years of Profitability Over 14 Consecutive Years of Substantial Recurring Revenues Dividend Payments to Shareholders Strong Balance Sheet with $88.4M in Cash & Investments as of 1/31/18 and No Debt

Three Business Segments Trailing 12 months 1/31/18 (Q3’FY18):

SCM - Logility $89,300

2% IT Solutions $17,769 16% ERP $ 2,537 82% Total $109,606

Supply Chain Management IT Solutions ERP

The Supply Chain Management (SCM) market will exceed $13 billion in total software revenue by year-end 2017 and exceed $19 billion by 2021, with software as a service (SaaS) enabling new growth opportunities.

Overall cloud adoption across all SCM technology categories will increase from less than 15% to more than 22% of organizations by 2021. Source: Gartner Forecast Overview: Supply Chain Management, Worldwide, 2016 Update (published 8 February 2017) Gartner, February 2017

Cloud Services Annual Contract Value (ACV) (,000) $10,948 $11,000 10% 125% $9,901 9.41% 9% 9.09% $9,000 Increase 8% $7,706 7% $7,000 7% $6,093 6% $4,873 6% $5,000 5%

US$ $4,433 $4,012 $3,838 Total $3,325 5% 4% $2,947 $3,112 4% % of Revenue $3,000 4% 3% 3% 3% 3% 3% 2% $1,000 1%

-$1,000 0% FY16 Q1 FY16 Q2 FY16 Q3 FY16 Q4 FY17 Q1 FY17 Q2 FY17 Q3 FY17 Q4 FY18 Q1 FY18 Q2 FY18 Q3 Total 2,947 3,112 3,325 3,838 4,012 4,433 4,873 6,093 7,706 9,901 10,948 % of Revenue 3% 3% 3% 3% 4% 4% 5% 6% 7% 9.41% 9.09% Annual Contract Value (ACV), (,000)

40+ Years as a Global Provider of Supply Chain and Retail Optimization Solutions

Over 1,350 Customers in more than 80 Countries Industry Focused and Functional Depth

Multi Brand Strategy: Purpose built solutions to meet customer needs Only SCM solution provider to serve Global 1000, large, medium and small companies

Excellent Customer Service, Experienced Development, Implementation and Support Teams

Logility Customer Base

Life Sciences Aftermarket Service Parts 7% 8% Retail 9% 45% Consumer Goods Wholesale 15% Distribution

16%

Process/Chemical

Consumer Goods Softgoods/Apparel Durable Goods/Service Parts Retail

Accelerated S&OP process by 25%, improved in-stock rates by +14% and increased fill rates by 7%

Achieved 80% Automated Replenishment to gain precision and accelerate merchandise sell through

Simplified new product launch process and automatically mapped regional demand forecasts into a national view for a network of 650 beer distributors

Reduced Inventory by 17% across a global distribution network

Reduced Inventory by 27% while improving customer service fill rates by 8-10%

“Logility’s vision for multi-enterprise planning and leveraging a strong planning system of record with respond planning capability is above average.”

Overall customer satisfaction is above average for both Logility and Demand

Solutions brands TO EXECUTE TO

ABILITY Tim Payne, Research Vice President COMPLETENESS OF VISION As of May 2017 S&OP Magic Quadrant, May 2017 Source: Gartner

Logility fully provides all RAMA capabilities and leverages 12 advanced analytics types extensively throughout its application suite

Logility has an extensive implementation footprint, and its references indicated the highest

propensity to select and use it again TO EXECUTE TO

ABILITY Bob Hetu, Research Director, Retail

COMPLETENESS OF VISION As of September 2017 RAMA Magic Quadrant, Sept 2017 Source: Gartner

. Improve supply chain visibility and transparency . Enhance decision making with business intelligence (BI) and analytics . Advance the maturity of S&OP / Integrated Business Planning processes . Optimize asset and inventory . Segment, collaborate with and service customers . Redesign the supply chain / network . Enhance visibility into manufacturing capabilities to match supply / demand

Source: 2016 Gartner User Wants and Needs Survey

CEOs that expect their supply-chain-intensive industries to be substantially or unrecognizably transformed 48% by 2020 2016 CEO Survey: Implications for CSCOs Gartner, June 2016

Big Data and Social Media Talent Cloud and Speed Analytics Pervasive Access

. Connect disparate systems landscape

. Synchronize global operations

. Tackle large data volumes

. Streamline Master Data Management

. Leverage Artificial Intelligence to boost data quality and integrity

. Accelerate adoption

. Leverage available Talent pools

Collaborative Digital Optimization Integration Advanced Control Tower Supply Chain & Scenarios as a Service Analytics

LOGILITY VOYAGER SOLUTIONS

Integrated Business Planning Demand Optimization Supply Optimization Industry practices Manufacturing Optimization Retail Optimization Inventory Optimization

Operational Plan Scenario Analysis Digital Twin

Non-optional Automation Automation that can be Take responsibility for Over-ridden this task and don’t let me or anyone else interfere Opt-In

Automation Automatic Reorder points for replenishment Advisory Guidance Try Multiple Forecasting Models and recommend the best fit Specific Information Automated Alerts (Planning Systems, Production Equipment)

General Statistical Forecasting Information

Use of historical data Source: Gartner 2017

Copyright © 2018. American Software Business Catalysts . Accelerating Cloud Deployments . Increased SaaS Annual Contract Value (ACV) and Overall Cloud Services by over 217% and 125%, respectively, as of Q3’18 compared to the prior year . Several Large SaaS prospects in pipeline

. Retail Optimization Solutions . Acquired MIDRetail in May 2014 . Expand Omni-Channel from raw materials sourcing and manufacturing through inventory optimization and distribution to specific channel and store requirements . Several large retailers joined the Logility family with this transaction

. AdapLink . Acquired AdapChain in August 2016 . Expanding Advanced Integration Solutions with proven ERP templates that redefine and simplify supply chain integration and Big Data leverage

. Artificial Intelligence (AI) . Acquired Halo Business Intelligence in November 2017 . Expanding our Advanced Analytics and Business Intelligence solutions for the supply chain market . Acquired over 200 customers in 10 countries in the CPG, Retail, Technology and other verticals

Flexibility and Analytic Power: Specialized, Enterprise 1. Supply Chain MDM: Connect to, blend, Vertical Data Systems store and manage data from heterogeneous applications and database source 2. Advanced Analytics: Visualization, reporting and analytics for business managers 3. Cognitive Planning: Modeling and Simulation, Machine Learning, Artificial Intelligence, rich data Syndicat sources Big Data & ed Market Unstructured Data Data

1. Create base Demand forecast 2. Scrape Sentiment From Twitter or other Big Data Sources

3. Analyze Sentiment using proprietary libraries: Desired Output : Sentiment by location and time. • NTLK (python) • Sentiment 140, Topic Location Date Sentiment #beer Alaska May 2016 Positive • others #beer California June 2016 Negative 4. Add Sentiment Signal to Forecast #beer Alaska July 2016 Positive #beer California Aug 2016 Negative

. Simple • #cruises Coronet has the best lines of all day cruisers. [positive] • #cars Tesla builds the best vehicles. [positive] • #shopping There were lots of people at Macy’s. [neutral] • #trains I dislike train travel. [negative] . More Complicated • Budweiser tastes better than Heineken. (Two brand names, identifying target of attitude is difficult). • I do not dislike Pale Ale. (Negation handling) • omgg igm sO wastd (Newly minted terms/ spelling errors can be highly attitudinal but volatile in polarity and often out of known vocabulary.) • Dissing wine is not really my thing. (Negation handling, inverted word order) • I’d really, truly love this kind of beverage! (Possibly sarcastic)

Sentiment By Location

Topic Location Date Sentiment Kegs Atlanta Mar 2016 0.2 Kegs Atlanta Apr 2016 -0.5

Kegs Atlanta May 2016 0.6 C. Add Sentiment Kegs Atlanta June 2016 -0.2 Signal B. Project To Sentiment Analyser Sentiment By Time New Product

A. Base Positive forecast Negative

Neutral

Mar Apr May Jun

. Synergistic with Logility’s core competencies

. Proven success in new market segments

. Productive sales channel

. Expand international presence

. Relatively high recurring revenue mix

. Accretive transaction

. Profitable for over 17 consecutive years . Quarterly Dividend Increased to $0.11 cents in FY17 with a yield of 3.36% . International Revenue was 20% of ASI and 27% of Logility in Q3 FY18

Metric At 1/31/18

Cash & Investments $88.4 million ($2.91 per share) EBITDA $19.9 million (TTM) Debt/Equity Ratio No Debt Days Sales Outstanding 70

Copyright © 2018. American Software Revenue and Earnings: Last 5 Quarters Revenue by Business Revenue by Type $26 $26 $27 $26 $30 $35 $14 $13 $13 $30 $12 $12 $12 $30 $11 $26 $27 $12 $11 $11 $11 $26 $26 $25 $10 $25 $22 $21 $21 $21 $10 $20 $8 $6 $15 $6 $4 $4 $4 $10 $4 $2 $5 $4 $4 $5 $5 $5 $2 $1 $1 $1 $1 $1 $0 $0 3Q17 4Q17 1Q18 2Q18 3Q18 3Q17 4Q17 1Q18 2Q18 3Q18 SCM TPM ERP Maintenance Services & Other License Fees

Gross Profit & Margin Operating Profit and Margin $17 $5.0 $4.2 $14 $15 $14 $16.0 $14 $3.6 $3.2 $4.0 14% $3.0 $12.0 57% $3.0 $2.5 13% 12% 55% 57% 9% $8.0 53% 53% $2.0 11%

$4.0 $1.0

$0.0 $0.0 3Q17 4Q17 1Q18 2Q18 3Q18 3Q17 4Q17 1Q18 2Q18 3Q18

AMSWA Stock Price at 5/16/18: $ 13.09 Market Capitalization (Fully Diluted) $ 397,663 Enterprise Value (Fully Diluted) $ 309,232 Cash and Investments per share at 1/31/18: $ 2.91 Current Dividend Yield: 3.36% Trailing P/E Ratio 22.07 Price/ Sales (TTM) 3.63 Price/ Book (TTM) 3.71 Enterprise Value/Revenue 1/31/18 (ttm): 2.82 Enterprise Value/ EBITDA 1/31/18(ttm): 15.52

www.amsoftware.com www.logility.com www.demandsolutions.com www.ngcsoftware.com