Altium Fiscal 2020 Investor Presentation

Accelerating Dominance and Transformation through Altium 365, a New Digital Platform for the Electronics Industry

ALTIUM FISCAL 2020 INVESTOR PRESENTATION

Aram Mirkazemi CEO 17 August – 20 August 2020 For personal use only use personal For Joe Bedewi CFO VIRTUAL Kim Besharati VP IR Martin Ive VP Finance Disclaimer

This presentation has been prepared by Altium Limited (ACN 009 568 772) Future performance - Forward looking statements, opinions and estimates provided in and is for information purposes only. It does not constitute financial product this presentation are based on assumptions and contingencies which are subject to or investment advice or a recommendation to acquire Altium shares and has change without notice, as are statements about market and industry trends, which are been prepared without taking into account the objectives, financial situation based on interpretations of current market conditions. Forward looking statements or needs of individuals. Before making an investment decision prospective including projections, guidance on future earnings and estimates are provided as a investors should consider the appropriateness of the information having general guide only and should not be relied upon as an indication or guarantee of future regard to their own objectives, financial situation and needs and seek legal performance. An investment in Altium shares is subject to investment and other known and taxation advice appropriate to their jurisdiction. Altium is not licensed to and unknown risks, some of which are beyond the control of Altium Limited. No provide financial product advice in respect of Altium shares. representation or warranty, express or implied, is made as to the fairness, accuracy, With a unique range of technologies, Altium helps organizations and design completeness or correctness of the information, opinions and conclusions contained in communities to innovate, collaborate and create connected products while this presentation. To the maximum extent permitted by law, none of Altium employees, remaining on time and on budget. Products provided are ACTIVEBOM®, ActiveRoute®, Altium 365®, Altium Concord Pro™, Altium Designer®, Altium its directors, employees or agents, nor any other person accepts any liability, including, NEXUS®, Altium Vault®, Autotrax®, Camtastic®, Ciiva™, CIIVA without limitation, any liability arising out of fault or negligence, for any loss arising from SMARTPARTS®, CircuitMaker®, CircuitStudio®, Common Parts Library™, the use of the information contained in this presentation. In particular, no representation Draftsman®, DXP™, Easytrax®, EE Concierge®, NanoBoard®, NATIVE or warranty, express or implied is given as to the accuracy, completeness or correctness, 3D™,OCTOMYZE®, Octopart®, P-CAD®, PCBWORKS®, PDN Analyzer™, Protel®, Situs®, SmartParts™, the TASKING® range of embedded software likelihood of achievement or reasonableness of any forecasts, prospects or returns compilers, Upverter®, X2®, XSignals®, PCB:NG®, and Gumstix®. contained in this Presentation nor is any obligation assumed to update such information. Such forecasts, prospects or returns are by their nature subject to significant

uncertainties and contingencies. Before making an investment decision, you should For personal use only use personal For consider, with or without the assistance of a financial adviser, whether an investment is Financial data appropriate in light of your particular investment needs, objectives and financial All dollar values are in US dollars (US$) unless as otherwise presented. circumstances.

2 Agenda

1 FY20 Highlights and Significant Achievements

2 2020 Full Year Financial Performance & Metrics

3 Altium’s Strategy for Dominance and Transformation

4 Altium 365 – A New Digital Platform for the Electronics Industry

5 Appendix: Company Overview For personal use only use personal For Altium FY20 Financial Highlights

Strong revenue growth of 10%

$210M Record EBITDA Margin of 40% Revenue (Underlying 35.8% excluding impact of the AASB16 $189M Leases and PCB:NG remeasurement of contingent consideration) $172M $180M Strong profit before tax growth of 12% Revenue 10% growth 17% increase in subscriber $140M base to 51,006 $150M 23% 15% increase in Altium Designer seats with 9,251 new licenses sold $111M $120M 26% $94M $80M $75.64m $90M 18% $71M $66.8m 40.0% EBITDA/ EBITDA Margin 38.9% (prior years revised for comparative 17% purposes to include the estimated $48.2m impact of the AASB16 Leases) $60M 13% 34.4% $36.4m 15% $30.3m 32.9% $24.8m 32.4% $21.4m 31.0%

$30M 30.1% For personal use only use personal For

2014 2015 2016 2017 2018 2019 2020 4 Pursuing Dominance and Transformation from a Position of Strength

Financial Altium Designer Altium 365 Strength Dominance Adoption

Altium is the fastest growing EDA company Altium Designer is the most widespread The world’s first digital platform for with 9 consecutive years of double-digit professional PCB design tool used by design and realization of electronics growth and expanding margin over 100,000 engineers worldwide hardware gaining strong early adoption

$93.1m $64.6m $75.6m 9,251 Altium Designer Twice Yearly Cash PBT EBITDA Software New Seats Sold Updates (Up 16%) (Up 12%) (Up 13%) Over 2,600 (Up 15%) Over 5,100 Active No R&D A$4.3b Total Active Users 40% EBITDA Margin Expense Market Dominance Accounts (Up from 38.9%) Capitalization Cap in China 51,006 Seats on Subscription 19% 5 Year Over 30 $189.1m Revenue Years of (Up 17%) (Up 10%) Revenue CAGR R&D Launched AU39c Direct Altium Designer is Used 1 May 2020

For personal use only use personal For Debt 60% Presence in Dividend by over 30,000 Free Recurring Revenue Most (Up 15%) Markets Companies

5 Altium 365 Strong Early Adoption

Commercial Licensed Registered Accounts Seats Users Altium Commercial Accounts represent businesses Altium Licensed Seats represent predominantly Altium Registered Users represent commercial designers, and entities that have at least one commercial license Altium Designer and Altium Designer SE licenses, engineers and other professionals who have registered for of Altium software (Altium Designer 10 or later) but also include NEXUS and CircuitStudio clients access to Altium software and Altium 365 platform

Commercial / Professional 32.3K 80.0K 148.0K Active (100%) (100%) (100%)

On Altium Designer 19.6K 51.2K 117.0K Subscription (61%) (64%) (79%)

Altium 365 2.75K 10.0K 7.57K * Exploratory (14%) (12.5%) (5.1%)

Altium 365 790 2.67K 3.74K **

Full Adoption (2.4%) (3.3%) (2.5%) For personal use only use personal For 2,633 5,120 Monthly Active Monthly Active Altium 365 Altium 365 Accounts Users * The total number of Registered Users from Accounts that are in Exploratory stage is 26.0K. 6 All numbers are as of the end of July 2020 ** The total number of Registered Users from Accounts that have fully adopted is 6.13K. From Pursuit of Leadership to Transformation through Dominance

Rebuilding Performing Leading Dominating & Transforming...

$500M $384-474 $100M $200M 20-25% $500M * Revenue Revenue Revenue $450M 35,000 50,000 100,000 Subscribers Subscribers Subscribers

$320-379 $400M 20-25% Electronic Recurring Design Revenue $350M 60-80% 80%

$267-303 18-22% $300M $500M * $500M * $226-248 Revenue Revenue 13-17%

$250M $200-212 $154-213 100,000 100,000 6-12% 40-45% $189M Subscribers Subscribers 10% $200M $172M 23% $118-159 Revenue 37-42% 10-20% 10-20% Rev. Growth % $140M 20% 26% $93-121 $150M $111M 35-40% $94M 18% $84-99 Electronic Parts Electronic $80M 17% $76-89 37-40% Non-recurring $76M 38-42% & Supply chain Manufacturing & $71M 13% $100M $62M $66.8M 40% Embedded Software Revenue

For personal use only use personal For 15% $55M 12% 38.9% 14% $48.2M 34.4% $36.4M $24.8M $30.3M 32.9% $50M $21.4M 31.0% 32.4% $9.2M 30.1% EBITDA $3.3M 14.8% * Due to COVID-19, possible 6-12 months delay in achievement. The target revenue of $500M may include 5.9% EBITDA Margin % 5-10% from future acquisitions. The target revenue ranges exclude revenue from future acquisitions. 2012 - 2014 2015 – 2017 2018 - 2020 2021 - 2025 7 FY20 Significant Achievements

1st Quarter 2nd Quarter 3rd Quarter 4th Quarter

Limited Altium Altium Full Altium 365 Designer 20 Online Store Altium 365 Availability Released Launched Launch

Q1 Q2 Q3 Q4

• Released Altium’s new • Released Altium Designer • Launched online selling • Launched Altium 365 and cloud platform Altium 365 20 with a range of new through Altium Digital acquired over 5,100 active and began moving early capabilities targeting Store to expand reach and users and over 2,600 active customers onto the platform advanced design and capacity accounts on the platform complex projects since 1 May 2020 • Established “Altimade” to

For personal use only use personal For • China delivered record bring smart manufacturing • Exceeded 50,000 subscriber revenue growth of 27% to Altium 365 leveraging target with 17% growth in and continued to scale in the foundation created by subscribers to 51,006 and the first half. a revitalized PCB:NG 15% growth in new Altium Designer licenses sold

8 Altium 365 Providing Opportunities for Significant TAM Expansion

Realization Altium 365 Digital PLM for Electronics ($3Bn)

Platform ($2 Trillion) The total global PLM software market size is estimated to be over $20Bn with The total global electronic around $3Bn attributable to electronics manufacturing and supply chain is industry. estimated to be over $2 Trillion. (PLM – Product Life Cycle Management)

PCB Electronic Design Software Electronic Hardware Market Products $1Bn

CAE for Electronics ($1.4Bn) MCAD for Electronics ($1.6Bn)

For personal use only use personal For The total global CAE market size is The total global MCAD market size is estimated to be $7.3Bn. The estimated to be over $8.7Bn. Estimated electronics industry portion is $1.6Bn (18%) is applied to the electronics estimated at $1.4Bn. industry. (CAE –Computer Aided Engineering Design (MCAD – Mechanical Computer Aided Design) – Simulation & Analysis tools) 9 Agenda

1 FY20 Highlights and Significant Achievements

2 2020 Full Year Financial Performance & Metrics

3 Altium’s Strategy for Dominance and Transformation

4 Altium 365 – A New Digital Platform for the Electronics Industry

5 Appendix: Company Overview For personal use only use personal For Revenue Sources

USD Millions $3.1 $189.1 $4.2 $8.0 (1.6%) (100%) $200 $60.6 (2.2%) (4.2%) Other (32.0%) Non-recurring $175 Non-recurring $68.6 Perpetual Revenue $150 (36.3%) Licenses $75.9 (40%) $18.8 $2.3 (1.2%) $125 $7.1 (9.9%) Other Recurring (3.7%) $18.8 $62.3 Advertising $100 (9.9%) (33%)

$75 Recurring $69.4 Maintenance $4.1 (36.7%) Revenue $50 Subscription $14.9 (2.2%) $113.2 (60%) $3.2 (7.9%) $25 $0.0 $0.5 (1.7%) (0.0%) (0.25%) $22.2 Term Licenses (11.7%) AD/365 SaaS

Revenue Total Subscription $3Mannualized run 2 revenue, months (Only SaaS Designer Altium365 Term DesignerAltium Term Nexus, Concord Pro Term TASKING Maintenance Subscription DesignerAltium TASKING Advertising Octopart Recurring Other Perpetual Licenses Altium Perpetual Licenses TASKING Services Non Other (NoRevenue in FY20) Term Designer Altium365 Maintenance - recurring - - - - based Licenses based Licenses based Licenses based Based Based Licenses

Subscription For personal use only use personal For

Perpetual Licenses All revenue recognized upfront - rate) rate) Advertising Octopart advertising, pay-per-click revenue Maintenance Subscription Straight line revenue recognition Term Licenses A significant portion of the revenue is recognized upfront AD/365 SaaS Subscription Based on Altium 365 subscription, straight line revenue recognition AD/365 Term Licenses Based on Altium 365 software licenses, straight line revenue recognition 11 Board and System Revenue by Region

BSD - Americas FY20 Revenue growth : 6% 5 Yr Revenue CAGR: 11% BSD – EMEA (USD) FY20 Revenue growth: 2% 5 Yr Revenue CAGR: 15% 5 Yr Recurring CAGR: 12% 5 Yr Recurring CAGR: 15%

45.6m $60m 53.7m $50m 44.6m 50.9m 38.8m $50m 44.8m $40m 39.6m 36.6m 28.1m $40m 32.3m 24.3m $30m 22.5m $30m 31.9m $20m $20m 30.9m 24.2m 26.1m 20.7m 26.2m 21.1m $10m $10m 19.7m 14.8m 17.9m 13.2m 12.9m

FY15 FY16 FY17 FY18 FY19 FY20 FY15 FY16 FY17 FY18 FY19 FY20 Recurring

FY20 Revenue growth: 1% 5 Yr Revenue CAGR: 9% FY20 Revenue growth: 7% 5 Yr Revenue CAGR: 18% BSD – Rest of World Revenue BSD – China 5 Yr Recurring CAGR: 10% 5 Yr Recurring CAGR: 12%

21.3m 11.5m 11.7m $12m 10.9m 19.8m $20m 8.7m 14.4m $9m 7.5m 8.0m $15m 11.2m 5.7m 9.3m 8.9m 5.0m 4.9m For personal use only use personal For $6m $10m 3.6m 3.8m 3.0m 4.7m 3.1m 3.7m $5m 2.7m 2.2m 2.5m $3m

FY15 FY16 FY17 FY18 FY19 FY20 FY15 FY16 FY17 FY18 FY19 FY20 12 Board and Systems Revenue Total & Nexus

BSD – Total FY20 Revenue growth: 4% 5 Yr Revenue CAGR: 13% NEXUS FY20 Revenue growth: 133% 5 Yr Revenue CAGR: 79% 5 Yr Recurring CAGR: 13% 5 Yr Recurring CAGR: 80%

15.5m 132.3m $16m $140m 126.8m

$14m $120m 108.8m 14.8m $12m $100m 87.6m $10m 77.8m $80m 71.7m 6.6m $8m

$60m 68.4m 63.8m $6m 4.8m 6.4m $40m 3.8m 54.9m $4m 42.2m 2.0m 4.1m $20m 37.4m 37.8m 0.9m $2m 3.3m

1.8m

0.8m For personal use only use personal For FY15 FY16 FY17 FY18 FY19 FY20 FY15 FY16 FY17 FY18 FY19 FY20

Recurring Revenue 13 Octopart and TASKING Revenue

Octopart FY20 Revenue growth: 6% 5 Yr Revenue CAGR: 38% TASKING FY20 Revenue growth: 0% 5 Yr Revenue CAGR: 21% 5 Yr Recurring CAGR: 27%

19.9m 19.8m $21m 19.0m $21m 17.9m $18m $18m

14.5m $15m $15m 12.0m 11.8m $12m $12m 9.9m

7.7m 7.7m $9m $9m 11.2m 5.1m 8.9m $6m $6m 3.8m 6.9m $3m $3m 4.3m 3.4m 3.5m

FY15 FY16 FY17 FY18 FY19 FY20 FY15 FY16 FY17 FY18 FY19 FY20 For personal use only use personal For

Recurring Revenue

14 Board and Systems – Underlying Metrics

Altium Designer New Seats Sold Subscription Pool All years include term-based licenses 51,006 (+7,308) 9,251 5,909 10,000 (+1,236) 50,000 43,698 (+902) 1,162 8,015 (+4,872) 5,158 9,000 (+110) 45,000 (+1,694) 38,826 (+1,150) 2,771 35,287 (+3,539) 8,000 (+306) 40,000 (+3,751) 19,988 6,321 (+3,001) 31,536 7,000 (+801) 35,000 5,520 (+2,948) 5,181 28,588 6,000 (+339) (+863) 30,000 2,769 5,000 4,318 (+434) 25,000

4,000 20,000 19,951 (+2,255) 3,000 15,000 2,549 (+386) 2,000 10,000

1,000 5,000

For personal use only use personal For ч FY15 FY16 FY17 FY18 FY19 FY20 FY15 FY16 FY17 FY18 FY19 FY20

Americas EMEA China Rest of World Americas EMEA China Rest of World

15 Altium’s Subscription Pool

Growth pool (Developed Countries) Constant pool ~ Developing Countries 88.4% renewal rate (FY19 - 86.5%) 36.3% renewal rate (FY19 - 33.3%)

+1,566 -3,737 55,000 +3,182 -4,574 +4,166 +6,705 51,006 50,000

43,698 9,157 45,000 New Lapsed 40,000 7,162 Lapsed New

35,000 Rejoins Rejoins & Upgrades

30,000 Rejoins & Upgrades

25,000 41,849 20,000 36,536 15,000 Subscription Pool Size Pool Subscription

10,000 For personal use only use personal For

5,000

June 2019 June 2020 All numbers include term-based licenses 16 Operating Expenses

Operating Expenses as a Percentage of Revenue Operating Expenses as a Breakdown of Revenue

189.1 $200m -1.5% (2.8) 100% 171.8

31.0% 32.4% 32.9% 34.4% 40.0% $160m 140.2 80% 38.9% 75.6 0.8% 1.6% 2.3% 66.8 3.5% 110.8 17.4% 0.1% $120m 48.2 60% 17.8% 19.7% 18.2% 17.3% 93.6 0.1 18.1% 36.5 32.6 80.2 5.0 31.2 $80m 30.3 40% 2.5 25.4 24.8 1.5 34.7% 32.3% 30.5% 19.3 29.6% 0.6 29.5% 18.5 55.9 30.6% 14.3 52.6 20% $40m 41.4 33.8 27.9 30.2 14.0% 16.9% 14.4% 27.7 15.7% 12.3% 14.6% 18.7 12.6 13.1 20.2 21.1

For personal use only use personal For FY15 FY16 FY17 FY18 FY19 FY20 FY15 FY16 FY17 FY18 FY19 FY20

Margin One off Costs incl Acquisitions General & Administration Sales & Marketing Research & Development

17 Strategic Investment Under the “Rule of 50”

$9M $8.4M Under the “Rule of 50”, Altium is making strategic $7.8M 2.2% investments for long-term growth to support its drive for $8M transformation through dominance. Currently, these 5.9% 16.5% include: $7M 14.9% • Altium 365 - Our Cloud Platform, Altium 365 which $5.7M 14.7% includes product development and the productization $6M of our subscription business 8.8% 15.9% 2.7% 9.6% $5M • Octopart / Supply Chain – this includes building a 12.5% $3.8M 11.8% new platform for all data related Parts and CAD model $4M 13.3% to support transformation 8.0% 15.6% • Brand Marketing – this includes increasing Altium $3M 8.0% Brand awareness to expand reach across all markets 6.9% 57.0% 51.5% for dominance $2M 62.7% • Partnerships - this includes product development and 61.5% $1M relationship management with Dassault and other 3rd

parties For personal use only use personal For

ч • Smart Manufacturing - investments in manufacturing H1 FY19 H2 FY19 H1 FY20 H2 FY20

Smart Brand Altium 365 Octopart / Partnerships Supply Chain Manufacturing Marketing 18 Earnings Per Share

• FY2020 Earnings per share are reduced by

50 a one-time revaluation of our deferred tax asset (DTA), and deferred tax liabilities, 42.45 40.40 40.57 resulting in an accounting charge of $16.4M 40

DTA adjustment due • Altium completed a restructure in June of 28.90 to FDII deduction 2020 that made us eligible for the Foreign 28.86 30 Derived Intangible Income (FDII) tax 23.60 21.70

USD cents 21.20 deduction

20 17.89 16.90 • The FDII deduction is 37.5% for the eligible portion of foreign-derived income in the

10 United States

• Future periods Effective Tax Rate will be in the 22 to 25% range down from 27 to 29%

For personal use only use personal For FY16 FY17 FY18 FY19 FY20

Normalized Reported * Normalized EPS represents the true EPS by removing accounting adjustments for the future value of Altium’s EPS * EPS IP tax asset. Due to excess tax asset in prior years there was no material movement in the value of DTA. 19 Balance Sheet

Jun-20 Jun-19 Jun-18 Jun-17

Cash and cash equivalents $ '000 $ '000 $ '000 $ '000

Cash and cash equivalents 93,083 80,531 52,459 44,273 $100m Trade and other receivables 59,655 45,833 38,799 32,672 93.1 Other current assets 7,455 5,108 4,171 2,861 Total current assets 160,193 131,472 95,429 79,806 80.5 $80m Trade and other receivables 3,343 2,285 1,952 2,531 Property, plant and equipment 21,113 7,762 5,712 5,054 Intangible assets 49,690 51,534 49,068 40,459 61.9 Other non-current assets 61,723 84,873 82,120 82,946 Total non-current assets 135.869 146,454 138,852 130,990 $60m 52.5 Total assets 296,062 277,926 234,281 210,796 44.3 Trade and other payables 16,629 16,278 12,147 10,179 38.1 $40m Tax liabilities 6,587 5,705 772 1,008 Provisions 2,792 2,109 6,784 7,600 Lease liabilities 5,480 - - - Deferred revenue 50,193 48,277 43,989 38,436 Total current liabilities 81,681 72,369 63,692 57,223 $20m

Deferred tax 8,820 5,833 5,566 5,276 Provisions 2,755 6,407 3,974 703 Deferred revenue 10,013 6,875 6,035 6,958 For personal use only use personal For $0 Other liabilities 8,460 1,884 2,098 674 Total non-current liabilities 30,048 20,999 17,673 13,611 FY15 FY16 FY17 FY18 FY19 FY20 Total liabilities 111,729 93,368 81,365 70,834

Net assets 184,333 184,558 152,916 139,962 20 Cash Flow

FY20 FY19 FY18 FY17

Dividends paid/declared $ '000 $ '000 $ '000 $ '000 Final

Interim Receipts from customers 189,638 178,215 147,685 (4,343)

Payments to suppliers and employees (126,200) (106,819) (96,578) (77,635)

Payments for expenses relating to acquisitions - (244) (572) (145)

40AUD¢ Net interest received 855 933 192 92 19 Interest and other finance costs paid (582) (1) (2) (87)

35AUD¢ Net income taxes paid (7,180) (3,018) (2,243) (2,800) 18 Operating cash flows 56,531 69,066 48,482 35,861

30AUD¢ Capital Expenditure 14 Payments for property, plant and equipment 25AUD¢ (3,871) (5,095) (2,824) (4,343) 12 Payments for intangibles (1,253) (17) (748) (515) 20AUD¢ 10 20 8 Free Cash Flow 51,407 63,954 44,910 31,003 16 15AUD¢ Cash flows from investing activities 13 Payments for purchase of subsidiary, net of cash acquired - (2,421) (3,681) (1,338) 11 10AUD¢ 10 Payments on contingent and deferred considerations - (5,471) (7,455) (2,845)

8 Cash flows from financing activities

5AUD¢ Dividends paid (33,634) (28,128) (25,633) (20,791) For personal use only use personal For Repayment of borrowings (5,050) (7) (9) (51) 0 Increase/(decrease) in cash and cash equivalents 12,723 27,927 8,132 5,978 Effects of exchange rate changes (171) 145 54 156 FY15 FY16 FY17 FY18 FY19 FY20 Total increase/(decrease) in cash and cash equivalents 12,552 28,072 8,186 6,134

21 Cash Conversion

Cash conversion rate FY19 FY20 FY20 FY19 Reconciliation to EBITDA USD”000 USD’000

Operating EBITDA 75,634 66,829

Non-Cash Items in EBITDA 178 7,617 42% Dividends 44% Share-based Payment 2,248 6,803

Changes in working -3% Unrealised foreign exchange differences 543 (119) capital 16% Interest 273 933 Lease payments 6% 7% Earnout (2,886) -

Purchase of property, 8% Changes in working capital (12,101) 1,746 plant and equipment 7% Receivables (14,990) (6,603) 5% Tax payments 9% Inventories (983) 74

Acquisitions 12% Deferred revenue 5,054 4,423 0% Other operating assets (1,599) 182 -11% Non-cash items 0% Payables & Provisions 417 3,670 42% Movement in cash

17% Other items For personal use only use personal For Tax paid (7,180) (3,018)

Operating cashflow 56,531 73,174 -20% 0% 20% 40% 60% *FY19 revised for comparative purposes to include the estimated impact of the AASB16 Leases) 22 FY20 Results Key Metrics

USD millions FY20 FY19 +/- % FY18 FY17 FY16 FY20 FY19 FY18 FY17 FY16

Revenue 189.1 171.8 10% 140.2 110.9 93.6 Reported EPS 23.60 40.57 28.86 21.70 17.89 Normalized EPS1 42.45 40.40 28.90 21.20 16.90 Reported expenses 113.5 109.1 4% 95.3 77.6 66.2 Dividends (AU cents) 39 34 27 23 20 EBITDA 75.6 62.7 21% 44.9 33.3 27.4 Key Margin Analysis Depreciation and 11.1 5.8 91% 5.3 3.8 2.7 EBITDA margin 40.0% 36.5% 32.0% 30.0% 29.3% amortization EBITDA margin (Underlying)2 35.8% 36.6% 35.5% 32.3% 30.9% Net profit before tax margin 34% 34% 28% 27% 26% EBIT 64.5 56.9 13% 39.6 29.5 24.7 Net profit after tax margin 16% 31% 27% 25% 25% Effective tax rate 52.3% 8.2% 5.6% 4.7% 6.5% Net interest 0.1 0.7 -86% 0.1 - (0.1)

Balance Sheet (USD millions) Profit before income tax 64.6 57.6 12% 39.7 29.5 24.6 Cash and equivalents 93.1 80.5 52.5 44.3 38.1 Net assets 184.3 184.6 152.6 140.0 130.8 Income tax expense 33.8 4.7 619% 2.2 1.4 1.6 Operating cash flows 56.5 69.1 48.5 35.9 14.1

Profit after income tax 30.9 52.9 -42% 37.5 28.1 23.0 For personal use only use personal For

Historical data is as reported and has not been 1 Removes accounting adjustments for future value of IP assets revised for AASB16 Leases unless noted 2 Including the effect of AASB16 Leases and remeasurement of contingent consideration 23 Agenda

1 FY20 Highlights and Significant Achievements

2 2020 Full Year Financial Performance & Metrics

3 Altium’s Strategy for Dominance and Transformation

4 Altium 365 – A New Digital Platform for the Electronics Industry

5 Appendix: Company Overview For personal use only use personal For The Rise of Smart Connected Devices and the Emergence of Digital Economy

Mega Trends Digital Disrupters

Web 1.0 Search & Discovery Information 1990’s Is Indexed

Web 2.0 Social Networking People are 2000’s Networked

Web 3.0 Electronics puts 2010’s Internet of Things Internet into Things

Web 4.0 Electronics 2020’s Artificial Intelligence Binds Infotech

to Biotech For personal use only use personal For Internet of Things & Artificial Intelligence are driving the proliferation of electronics & the Digital Economy

Electronics at the Heart of All Intelligent Systems For personal use only use personal For

Printed Circuit Boards are central to the design & realization

of electronics and smart connected products 26 IOT is Driving the Pace of Innovation

Electronics is critical to speeding up cycles of innovation

Existing tools do not adequately address the

needs of high-tech products For personal use only use personal For

Success depends on the ability to move quickly through innovation cycles

27 Current Engineering Tools Fall Short

MCAD - Mechanical Computer Aided Design ECAD - Electronic Computer Aided Design CAE - Computer Aided Engineering - Analysis and Simulation CAM CAM - Computer Aided Manufacturing PLM PLM - Product Lifecycle Management

CAE For personal use only use personal For The current model for tool integration is old and has evolved around the notion of “tool-chains” 28 The Future of Engineering Tools is Multi-disciplinary…

Cloud System

Embedded Software

Electronic CAD

Mechanical CAD For personal use only use personal For Electrical CAD ECAD and MCAD tools must communicate natively and operate at the same level of abstraction 29 Electronics Industry is in Need of Transformation & Ripe for Disruption

Electronic Design Supply Chain & Manufacturing

Concept For personal use only use personal For

Unification of Data Model and Digital Continuity Large Scale Management of Production Risk will is Required to Manage Design Complexity Result in Unimagined Productivity & Reward 30 The Electronics Industry Value Chain is Disconnected

Electronic Design Estimated size: $2 - $5Bn Electronic Manufacturing Estimated size: $1,000 - $1,500Bn PLM Electronic Parts Supply Chain Vendors IC Design Estimated size: $600 - $800Bn Electronic Manufacturing Tools Equipment Vendors Vendors

Simulation Semiconductor Vendors Manufacturers

Electronic CAD Vendors Electronic Testing Equipment Vendors PCB Assemblers

Electronic Parts PCB Fabricators Manufacturers

Electronic Manufacturing Electronic Parts Services (EMS) Distributors

Electronic Electronic Manufacturing Parts Search & Analytics Supply Content Aggregators

Chain For personal use only use personal For $2 Trillion Altium 365 connects the Electronics Industry fragmented value chains to drive Estimated Industry Size productivity and manage production risk 31 Industry Transformation Through Market Dominance

Market Market Industry Leadership Dominance Transformation

1 2 3 LEAD UNIFY TRANSFORM

For personal use only use personal For Altium must target 100,000 active subscribers by 2025 to compel key industry stakeholders to support its agenda to transform electronic design and its realization

32 Phases in Pursuit of Leadership, Dominance & Transformation

LEAD UNIFY TRANSFORM

1- Sharing Design Files on Altium 365 Industry Building Altium Light-weight Collaboration Transformation Cloud Platform 2- Hosting Design Data on Altium 365 Structured Collaboration Altium 365 (Cloud) 3- Manufacturing PCB on Altium 365 Industry-wide Collaboration

Market Extending Reach Building High Scaling Direct Digital Sales and Going Direct in Dominance Performing Direct Sales for Altium Online Store Key Markets Dominance Man-out-of-loop (Channel) Sales Force including China

Market Establishing Driving Innovation & Innovating as Building High Yearly Innovation Closing Capability Market Leader & Leadership Performing R&D Cycles Gaps with High-End Extending Lead

(Product) For personal use only use personal For

$100M $200M $500M Revenue Revenue Revenue 35,000 50,000 100,000 Subscribers Subscribers Subscribers 2012 - 2014 2015 – 2017 2018 - 2020 2021 - 2025 33 Agenda

1 FY20 Highlights and Significant Achievements

2 2020 Full Year Financial Performance & Metrics

3 Altium’s Strategy for Dominance and Transformation

4 Altium 365 – A New Digital Platform for the Electronics Industry

5 Appendix: Company Overview For personal use only use personal For Altium 365 Launched – A New Era for PCB Design

Bringing the Power of CAD and Cloud together Altium 365 Monthly Active Users & Accounts For personal use only use personal For

Altium 365 - a new digital platform for the Electronics Industry

35 Altium 365 Strong Early Adoption

Commercial / Professional 32.3K 80.0K 148.0K Active (100%) (100%) (100%)

On Altium Designer 19.6K 51.2K 117.0K Subscription (61%) (64%) (79%)

Altium 365 2.75K 10.0K 7.57K1 Exploratory (14%) (12.5%) (5.1%)

Altium 365 790 2.67K 3.74K2

Full Adoption (2.4%) (3.3%) (2.5%) For personal use only use personal For 2,633 5,120 Monthly Active Monthly Active Altium 365 Altium 365 Accounts Users 1 The total number of Registered Users from Accounts that are in Exploratory stage is 26.0K. 36 All numbers are as of the end of July 2020. 2The total number of Registered Users from Accounts that have fully adopted is 6.13K. Altium 365 Providing Opportunities for Significant TAM Expansion

Realization Altium 365 Digital PLM for Electronics

Platform The total global PLM software market size is estimated to be over $20Bn with The total global electronic around $3Bn attributable to electronics manufacturing and supply chain is industry. estimated to be over $2 Trillion. (PLM – Product Life Cycle Management)

PCB Electronic Design Software Electronic Hardware Market Products $1Bn

CAE for Electronics MCAD for Electronics

Before After

For personal use only use personal For Altimade is a new premium service based on PCB:NG’s smart manufacturing and Altium 365 platform

38 Guidance Update and Long-Term Outlook

Altium re-affirms its commitment to its 2025 targets for market dominance of US$500 million in revenue and 100,000 subscribers, however, due to COVID- 19, the achievement of US$500 million may be delayed by 6-12 months

Altium remains committed to delivering to the Rule of 50 post-vaccine and will do its best to achieve in a COVID-19 environment pre-vaccine

Altium will pursue M&A opportunities to support TAM expansion and the

monetization of its new digital platform Altium 365 for the electronics industry For personal use only use personal For

39 Agenda

1 FY20 Highlights and Significant Achievements

2 2020 Full Year Financial Performance & Metrics

3 Altium’s Strategy for Dominance and Transformation

4 Altium 365 – A New Digital Platform for the Electronics Industry

5 Appendix: Company Overview For personal use only use personal For Altium Products

Design Data Management &

Collaboration Software For personal use only use personal For

Manufacturing Embedded Software Automation Development Tool Printed Circuit Board Design Software Solutions 41 Diversity of Application

Automotive Aerospace & Life Sciences Mobile Devices & Consumer –

Defense Communications Electronics For personal use only use personal For

Electronics & Research & Industrial Controls Computers Semiconductors High-Tech Education Automation 42 High Profile Customers

Automotive Aerospace & Defence Life Sciences Mobile Devices Consumer- Electronics

Electronics & High-Tech Research & Education Industrial Controls Computers Semiconductors For personal use only use personal For

Global Reach For personal use only use personal For

4418 Altium’s High Velocity, Highly Profitable Direct Sales Force

Altium’s Touch

Go Direct Everywhere; Altium’s touch matters Always Improving

Sell what you have – more will be there tomorrow

Everyone Counts User Focus Every Customer, Every Focus on the USER and the Seat, Every $ Counts Customers will follow Great Product

Superior product that is

easy to use and affordable For personal use only use personal For

Altium connects to users at all levels within an organization providing a user experience that is unique within the industry

45 Executing in Concert & to a Higher Standard on Three Fronts

Channel Cloud Extreme Reach and Capacity Higher Levels of Service and (Challenge of Scale) Customer Engagement (Challenge of Experience)

Leadership

Product & Channel Must Product Product & Cloud be in Lockstep Maximum Power, Productivity and Coverage Must Work as One

For personal use only use personal For (Challenge of Complexity)

46 Altium Core Values

The Genius of AND

Product Sales

“Regular Product Releases” and “High Volume Selling” and “Delivering Next Generation “Sophisticated Value Proposition” Products”

Finance People

“Growing Revenue Strongly” and “Diversity in Thinking” and “Expanding Profit Margin” “Aligned in Action and Purpose” Diversity

Transparency For personal use only use personal For The only way to make the “Genius of AND” work is through Ingenuity supported by Transparency, Agility, Adaptability and Perseverance

47 Guidance Update and Long-Term Outlook

Altium remains committed to delivering to the Rule of 50 post-vaccine and will do its best to achieve in a COVID-19 environment pre-vaccine

Altium will pursue M&A opportunities to support TAM expansion and the

monetization of its new digital platform Altium 365 for the electronics industry For personal use only use personal For