SOFTTECHNSE28 February 2024

Softtech Engineers Limited has informed the Exchange about Investor Presentation

Softtech Engineers Limited

Date: February 28, 2024

To, National Stock Exchange of India Limited “Exchange Plaza”, C-1, Block – G Bandra – Kurla Complex Bandra (East), Mumbai – 400051 Symbol: SOFTTECH

BSE Limited Floor 25, Phiroze Jeejeebhoy Towers Dalal Street, Mumbai – 400001 Scrip Code: 543470

Subject: Investor Presentation-February 2024.

Ref: Reg. 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Dear Sir/ Madam,

With reference to the above-captioned subject, please find herewith, enclosed the Investor Presentation by the Company. The aforesaid Investor Presentation is also being disseminated on Company's website at https://www.softtech-engr.com/

This is for your information and records.

Thanking you.

Yours Sincerely, For SoftTech Engineers Limited

Shalaka Khandelwal Company Secretary

Investor Presentation February 2024

Disclaimer

This presentation and the accompanying slides (the “Presentation”), have been prepared by SoftTech Engineers Limited (the “Company”) solely for information purposes and do not constitute any offer, recommendation, or invitation to purchase or subscribe to any securities and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.

Certain statements in this presentation concerning our future growth prospects are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The Risk and uncertainties relating to the statements include but are not limited to, risks and uncertainties regarding fiscal policy, competition, inflationary pressures, and general economic conditions affecting demand/supply and price conditions in domestic and international markets. The Company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.

This Presentation has been prepared by the Company based on information and data which the Company considers reliable. This Presentation may not be all-inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. The Company does not make any promise to update/provide such a presentation along with results to be declared in the coming quarters and years.

Q3FY24 Earnings Presentation

Table of Contents

5-13

Company Overview

15-21

Q3 & 9MFY24 Performance

23-27

Business Overview

29-34

Historical Performance

36-39

Industry Overview

Q3FY24 Earnings Presentation

Company Overview

SoftTech – Dominant Civil-Tech Product Company

Creating cutting-edge SaaS products for the architecture, engineering, and construction (AEC) sectors with over 80% of market share in India in its domain

Established in 1996, 25+ years in AEC Industry

7+ products & solutions 20,000+ License users

18+ Indian state governments 600+ Serving clients

Presence across US, UK, Middle East and Singapore

500+ Employee; expertise in product R&D ISO Certified

Listed on BSE & NSE Main Board in 2022

Q3FY24 Earnings Presentation

25 years of Developing Intellectual Property

Solutions Monetized & IP Sold

Current Solution Portfolio

1 9 9 6

2 0 0 0

2 0 0 7

2 0 0 8

2 0 0 9

2 0 1 9

2 0 2 0

2 0 2 2

2 0 2 3

F u t u r e

Visibility in Overseas Market in terms of Revenue

•Green Building Permits •Energy Management Solutions •IoT based Central Water Management System

STRUDS

AutoDCR

OPTICON

RuleBuddy

SEPL-ESRGSR

PWIMS

BIMDCR

Launch of Civit Solution Suite

Q3FY24 Earnings Presentation

Civit Platform – Full Stack Solution for AEC

All-in-one AI-powered application suite for Government, Architects, Builders/Developers and Contractors.

Digital twin related solution to help visualize and direct tactile interaction with assets as well as physical intelligence

Integrated business and construction solutions for developers and contractors

PLANNING

COMMON DATA & INTELLIGENCE CLOUD PLATFORM

PROCUREMENT

Automated AI-powered accurate and fast plan compliance check and variance reporting solution

Permit management and compliance validation solution

Public infrastructure work management solution

Q3FY24 Earnings Presentation

Presence Across Value Chain

Catering to all Aspects of the Real Estate, Construction, and Infrastructure Industry.

Government

Public Sector Companies

Contractors

Infrastructure/Real Estate Companies

Architects/C onsultants

CivitPERMIT

CivitPLAN

CivitBUILD

CivitINFRA

CivitOPERATE

Energy & Sustainability Services

S T C U D O R P

S E C V R E S

Q3FY24 Earnings Presentation

Dominant India Presence – Going Global

Harnessing the market potential within the nation and worldwide.

Jammu MC (AutoDCR)

Punjab PWD (PWIMS)

Jaipur Development Authority (AutoDCR)

Gujarat State Order (AutoDCR)

Mumbai Municipal Corporation (AutoDCR) Pune Municipal Corporation (AutoDCR)

MIDC (AutoDCR & PWIMS)

Kerala State Order (AutoDCR)

USA

Uttarakhand PWD (PWIMS)

Ghaziabad Development Authority (PWIMS)

PWD West Bengal (PWIMS)

Mizoram PWD (PWIMS)

Jharkhand State order (AutoDCR) MPUIIP (AutoDCR)

Establishment in Place and POC in progress

Middle East

Strategic account in Finland secured with partner

Singapore

Telangana State Govt order (AutoDCR)

Andhra Pradesh state order (AutoDCR)

Chennai Municipal Corporation (AutoDCR)

Municipal/local order State wide order

Few strategic accounts established. Structured expansion plan in motion

Few strategic accounts opened in EMEA. Establishment in Place - Team Hired

Q3FY24 Earnings Presentation

Profit Driven Growth Strategies

Our strategy is supported by three pillars - scale up, innovation and transformation

Make Tech

Civit Suite –Plan, Permit , Build, Infra Civit OPERATE Civit CORE BtrLyf – Building Energy Management

Integrate/Grow Current Plays

Scale SoftTech Globally Grow all units with internal portfolio projects as well as external partnerships, e.g. Blackstone

Buy/Use Tech

Build Services Capability

Autodesk Suite – BIM 360, Forge Dassault Systems - 3D Experience IES - Operational DT

Build service and with support team in India to support SaaS delivery as well as take on project advisory or associated services

Merge, Acquire and Scale

Merge: Civit holds the key to built environment data lake by being the CDE for a unified platform and having sufficient global presence at this stage for global SaaS selling. Key partners entities would be merged or acquired as needed for setting up growth plans/targets.

Scale: Integrated sales and marketing effort can quickly start adding users to each platform to build revenue, margins and thus future cash flows for much higher overall valuation. Acquire missing links where needed

Q3FY24 Earnings Presentation

Strategic Investment Framework

What Sets us Apart

Diversified Revenue Mix

Comprising of Annuity & Pay Per Use Model

Niche Products & Services

Innovative Products & customized for AEC space

Collaborating with Latest Technology

Strategic partnerships with tech giants to deliver cutting edge products & services

Expanding Footprint

Penetrating domestic & international regions to cater to diverse markets

Customer Centric Delivery Model

Customizations according to customer’s needs

Q3FY24 Earnings Presentation

Technocrat Leadership

Vijay Gupta Founder, Chairman & MD

Priti Gupta Whole Time Director

Pratik Patel Whole Time Director

first- IIT Mumbai alumnus, generation entrepreneur. 29+ years' experience in CAD/CAE software development.

With 12+ years' experience in business and management. Oversees training, HR & Admin operations.

processes

10+ years of experience of handling managerial assignments in software dev and real estate business

Sridhar Pillalamarri Independent Director

Sundararajan Srinivasan Independent Director

Dr. Rakesh K Singh Independent Director

(IIT

Kharagpur), B.Tech M.Tech (IIT Powai). 30+ years of management experience

IIT Bombay Master's, 31 years innovation of in global computing, communication, and control.

(Pune Post Grad Physics Univ.), Comp Science & Engg (IIT Mumbai). 30+ years exp in Bigdata, Machine Vision etc

Q3FY24 Earnings Presentation

Roadmap to 2026 – 3x in 3 years

Leadership in BIM Based cloud Permit system in the world

Create No. 1 integrated AEC vertical platform connecting Government, Private Enterprises, & Citizens

Expand into various geographies specifically 25 counties & cities in US

Reach $25mn Annual Topline with 40%+ EBITDA Margin

Q3FY24 Earnings Presentation

Q3 & 9MFY24 Performance

Q3 & 9MFY24 Performance Highlights

Domestic Business

Steady progress towards Recurring Model from Traditional Revenue Model in line with the vision of the Company

Strategic Collaborations

• Converted Share Warrants allotted to

Florintree LLP for raising growth capital. They now hold 15.6% stake in the company

• Converted Compulsory Convertible Debentures allotted to East India Udyog Limited. They now hold 10.65% stake in the company

International Business

Incorporated wholly owned subsidiary in UK called SoftTech Engineers Digital Ltd for penetrating the international markets

Penetrating Newer Markets

• Creating Sales and Implementation

Network in overseas regions • Creating Strategic Partnerships /

Business Arrangements to sell products and services to regions managed and operated by Subsidiaries

Q3FY24 Earnings Presentation

Q3 & 9MFY24 Financial Snapshot

Revenue

• Standalone Revenue stood at Rs.1,836 lacs; up 3% YoY in Q3FY24

• In 9MFY24, standalone

revenue grew by 19%YoY to Rs. 5,588 lacs

Profit

• Standalone PAT was Rs.183

lacs ; PAT margin stood at 10% in Q3FY24

• In 9MFY24, PAT stood at Rs.

483 lacs with PAT margin at 8%

EBITDA

• Standalone EBITDA was

Rs.614 lacs; EBITDA Margin stood at 33% in Q3FY24

• In 9MFY24, EBITDA stood at Rs. 1,814 lacs with EBITDA margin at 32%

Order Book

• ₹133.57 Cr Orderbook in

Q3FY24

• ₹144.49 Cr Pipeline (in India)

Q3FY24 Earnings Presentation

Q3FY24 Financial Performance

Revenue from Operations

EBITDA & EBITDA Margin (%)

PAT & PAT Margin (%)

e n o a d n a t S

1,836

1,775

561

32%

614

33%

171

10%

183

10%

d e t a d

i l

o s n o C

Q3FY23

Q3FY24

Q3FY23

Q3FY24

Q3FY23

Q3FY24

1,848

1,775

540

30%

494

27%

140

Q3FY23

Q3FY24

Q3FY23

Q3FY24

Q3FY23

Q3FY24

Q3FY24 Earnings Presentation

(₹ in Lacs unless otherwise specified)

9MFY24 Financial Performance

e n o a d n a t S

d e t a d

i l

o s n o C

Revenue from Operations

EBITDA & EBITDA Margin (%)

PAT & PAT Margin (%)

5,588

9MFY24

5,641

4,706

9MFY23

4,706

1477

31%

1814

32%

427

483

9MFY23

9MFY24

9MFY23

9MFY24

1430

30%

1549

27%

348

209

9MFY23

9MFY24

9MFY23

9MFY24

9MFY23

9MFY24

Q3FY24 Earnings Presentation

(₹ in Lacs unless otherwise specified)

Quarterly Revenue Mix

Nature of Revenue Mix

Product Wise Revenue Breakup

939

897

921

854

380

172

1,222

376

1,395

Q3FY23

Q3FY24

Q3FY23

Q3FY24

One Time License Model

Recurring Model

AutoDCR

PWIMS

Others

Q3FY24 Earnings Presentation

(Standalone nos. in ₹ in Lacs)

Quarterly Standalone Income Statement

Particulars (₹ Lacs)

Q3FY24

Q3FY23

Revenue from Operations

1,836

1,775

Total Expense

EBITDA

EBITDA Margin (%)

Other Income

Depreciation & amortization expenses

Finance Cost

Profit Before Tax

Total Taxes

Profit After Tax

PAT Margin (%)

Diluted EPS (₹)

1,222

1,214

614

33%

324

106

246

183

10%

1.52

561

32%

260

109

230

171

10%

1.53

YoY

9MFY24

9MFY23

5,588

4,706

3,773

3,229

10%

1,814

1,477

62%

25%

-3%

32%

31%

173

992

346

649

167

483

133

765

274

571

144

427

-1%

4.47

4.10

YoY

19%

17%

23%

30%

26%

14%

15%

13%

FY23

FY22

6,534

5,746

4,407

4,119

2,128

1,627

33%

171

1,046

392

861

281

580

5.48

28%

197

764

286

774

196

578

10%

5.89

YoY

14%

31%

---

-13%

37%

11%

43%

---

-7%

Q3FY24 Earnings Presentation

Quarterly Consolidated Income Statement

Particulars (₹ Lacs)

Revenue from Operations

Total Expense

EBITDA

EBITDA Margin (%)

Other Income

Depreciation & amortization expenses

Finance Cost

PBT

Total Taxes

Profit After Tax

PAT Margin (%)

Diluted EPS (₹)

Q3FY24

Q3FY23

1,848

1,775

1,354

1,235

494

27%

325

106

124

540

30%

260

109

199

140

YoY

10%

-9%

118%

25%

-3%

-38%

-57%

9MFY24

9MFY23

YoY

FY23

FY22

5,641

4,706

4,092

3,277

1,549

1,430

27%

30%

165

993

346

376

167

209

102

765

274

493

144

348

20%

25%

61%

30%

26%

-24%

15%

-40%

6,540

5,746

4,602

4,219

1,938

1,527

30%

143

1,046

393

643

281

362

27%

186

764

287

661

196

465

YoY

14%

27%

---

-23%

37%

-3%

43%

-22%

---

0.58

1.27

-54%

2.14

3.54

-40%

3.78

4.88

-23%

Q3FY24 Earnings Presentation

Business Overview

Customer Centric Delivery Model

With deep domain expertise in construction management software, SoftTech provides tailored solutions for business success.

Collaboration with Latest Tech Leverage on several partnerships with industry leaders to bring the best-in-class solutions

Sustainable Services Unparalleled advantage in serving the built environment driven by our deep understanding of the domain

Customized Products Customize and deploy Civit Suite of solutions based on the requirements of Clients

Deep Domain Expertise

Cloud and IT expertise to strategize, plan, develop/implement and maintain any technology solution that will aid in Client’s goals

Q3FY24 Earnings Presentation

Robust Revenue Model

SaaS (Login based) - $ per user

SaaS (Use based) - $ per permit & $ per Sq. Ft annual review charges

SaaS (Login Based) - Per module per user/month & Bundle price per user/month

RuleBuddy

SaaS (Login based) – One time login & ₹ per Sq. Ft approval

SaaS (Use based) – Fixed Revenue & ₹ per Sq. Ft annual review charges

SaaS (Login Based) – Depending upon the area ₹ per Sq. Ft

Overseas Revenue Model

India Revenue Model

Q3FY24 Earnings Presentation

Services Portfolio

Q3FY24 Earnings Presentation

Rising Global Expansion and Technology Alliances

TECHNOLOGICAL PARTNERS

CENTER OF EXCELLENCE

We are passionately dedicated to empowering global clients with the latest technology.

Q3FY24 Earnings Presentation

Facilitating Growth through Mentoring & Scaling Up via Inorganic Acquisitions

SoftTech undertook Inorganic Acquisitions by partnering with Domain Experts

to Hybrid Corporate program support AEC startups. Incubated 12 AEC startups, evaluated over 300+, arranged 3 Bootcamps of over 40 start ups each. It holds great growth potential to drive innovation.

Tech partners and investors in Btr Lyf Solution, an AI-based cloud platform offering Building Energy Management Solutions. Singapore, with Based in investments from Singapore Govt. and HNIs

Q3FY24 Earnings Presentation

Historical Performance

Annual Revenue Mix

Nature of Revenue Mix

Product Wise Revenue Breakup

3,454

3,209

3,326

2,373

2,292

1,275

1,038

470

1,197

1,263

4,237

4,074

589

581

2,988

FY21

FY22

FY23

FY21

FY22

One Time License Model

Recurring Revenue

AutoDCR

PWIMS

FY23

Others

(Standalone nos. in ₹ in Lacs)

Q3FY24 Earnings Presentation

Annual Financial Charts

Revenue from Operations

EBITDA & EBITDA Margin (%)

PAT & PAT Margin (%)

e n o a d n a t S

4157

5746

6534

29%

28%

1218

1627

33%

2128

578 10%

580

378

FY21

FY22

FY23

FY21

FY22

FY23

FY21

FY22

FY23

d e t a d

i l

o s n o C

5746

6540

4157

27%

1527

30%

1938

26%

1097

465

362

258

FY21

FY22

FY23

FY21

FY22

FY23

FY21

FY22

FY23

(₹ in Lacs unless otherwise specified)

Q3FY24 Earnings Presentation

Standalone Annual Income Statement

Particulars (₹ Lacs)

Revenue from Operations

Total Expense

EBITDA

EBITDA Margin (%)

Other Income

Depreciation & amortization expenses

Finance Cost

PBT

Total Taxes

Profit After Tax

PAT Margin (%)

Diluted EPS (₹)

FY21

4,157

2,940

1,218

29%

102

550

239

531

152

378

3.99

FY22

5,746

4,119

1,627

28%

197

764

286

774

196

578

10%

5.89

FY23

6,534

4,407

2,128

33%

171

1046

392

861

281

580

5.48

Q3FY24 Earnings Presentation

Consolidated Income Statement

Particulars (₹ Lacs)

Revenue from Operations

Total Expense

EBITDA

EBITDA Margin (%)

Other Income

Depreciation & amortization expenses

Finance Cost

PBT

Total Taxes

Profit After Tax

PAT Margin (%)

Diluted EPS (₹)

FY21

4,157

3,060

1,097

26%

102

550

239

410

152

258

2.90

FY22

5,746

4,219

1,527

27%

186

764

287

661

196

465

4.88

FY23

6,540

4,602

1,938

30%

143

1,046

393

643

281

362

3.78

Q3FY24 Earnings Presentation

Standalone Balance Sheet

Balance Sheet (₹ Lacs) Assets PP&E Right-of-Use Assets Intangible Assets

Investments & Other Financial Assets

Income Tax Assets (net) Deferred tax assets (net) Other Non-Current Assets Total Non-Current Assets

Current Assets

-Trade Receivables

-Cash & Cash Equivalents Investments & Other Financial Assets Other Current Assets Total Current Assets

FY21

FY22

FY23

413 469 1,893

1,282 144 106 219 4,525

3,337 11 518 3,925 7,790

475 357 2,745

1,370 275 98 235 5,555

2,908 63 586 4,586 8,142

402 823 3,546

2,248 292 95 36 7,443

2,608 62 1,063 5,717 9,450

Balance Sheet (₹ Lacs) Equity Equity Share Capital Other Equity Total Equity

Non-Current Liabilities - Borrowings - Lease Liabilities - Other Financial Liabilities

Provisions

Total Non-Current Liabilities

Current Liabilities - Borrowings - Lease Liabilities - Trade Payables

Other Current Liabilities

Provisions

Current Tax Liabilities (Net) Total Current Liabilities

FY21

FY22

FY23

1,015 7,818 8,833

1,016 9,902 10,917

947 6,291 7,237

1,965 355 13

111

2,443

1,244 96 836

402

1,611 240 39

1,985

1,498 115 911

289

881 723 -

117

1,721

3,117 82 577

348

58 4,255

2,635

2,878

Total Assets

12,316

13,697

16,893

Total Equity & Liabilities

12,316

13,697

16,893

Q3FY24 Earnings Presentation

Consolidated Balance Sheet

Balance Sheet (₹ Lacs)

FY21

FY22

FY23

Balance Sheet (₹ Lacs)

FY21

FY22

FY23

Assets

PP&E

Right-of-Use Assets

Intangible Assets

Investments & Other Financial Assets

Income Tax Assets (net)

Deferred tax assets (net)

Other Non-Current Assets

Total Non-Current Assets

Current Assets

-Trade Receivables

-Cash & Cash Equivalents

Investments & Other Financial Assets

Other Current Assets

Total Current Assets

413

469

1,893

985

144

106

219

476

357

2,745

1,018

275

235

403

823

3,546

1,710

292

Equity

Equity Share Capital

Other Equity

Total Equity

Non-Current Liabilities

- Borrowings

- Lease Liabilities

4,229

5,204

6,905

- Other Financial Liabilities

Provisions

947

6,012

6,959

1,015

7,425

8,440

1,016

9,277

10,293

1,965

1,649

355

111

240

881

723

117

1,721

Total Non-Current Liabilities

2,443

1,984

3,337

2,908

2,615

515

3,925

7,814

578

4,586

8,147

961

5,717

9,379

Current Liabilities

- Borrowings

- Lease Liabilities

- Trade Payables

Other Current Liabilities

Provisions

Current Tax Liabilities (Net)

Total Current Liabilities

1,244

1,538

3,123

840

404

115

919

291

587

348

2,641

2,927

4,270

Total Assets

12,043

13,351

16,284

Total Equity & Liabilities

12,043

13,351

16,284

Q3FY24 Earnings Presentation

Industry Overview

US Construction market size is approx. $1.6 trillion, growing at 6% CAGR till 2026

Key Numbers & Insights

New construction put in place in the United States from 2014 to 2021, with forecast until 20262 (Values in US$ Millions)

L A B O L G

S E T A T S D E T I N U

• Global construction industry size is ~ $10 trillion (2022) 1

•

Expected to grow to $13.9 trillion by 2037 with over 51% accounted from China, India, and United States 1

• New construction in Year 2021 is $1.6 trillion (7% of US GDP) and is expected

to grow at ~ 6% YoY till 20262

Three major segments in the construction industry – Non-Building (17% share), Non-Residential (34% share), and Residential (49% share) 2

Residential and Non-Building segments growing at 7% YoY in the next 5 years. 2

The top 5 states in terms of construction spending are California, Texas, Florida, New York and Illinois contributing > 50% of the total construction spending. The growth rate in these states is ~ 5 to 12% 2

The average gross profit margin in the construction industry was around 28% Q3 of 2022 and typical net profit margins are around 4-6%3

•

Non-building - Power facilities, highways, sewage, water supply, and conservation work Non-Residential - Lodging, offices, commercial buildings, health care, and education Residential - Single-family, multi-family housing, and home improvements

2,500

2,000

1,500

1,000

500

The number of workers in the construction market is ~ 8.0 million (Year 2023) 4

2014

2015

2016

2017

2018

2019

2020

2021

2022*

2023*

2024*

2025*

2026*

1Global Construction Futures, Oxford Economics 2023. The Oxford Economics estimates the US construction market to be around USD 1.4 trillion. However, the US construction market size was considered based on US specific reference 2US Census Bureau Data 3https://www.levelset.com/blog/us-construction-statistics-you-need-to-know/ 4US Bureau of Labor Statistics. https://fred.stlouisfed.org/series/USCONS

Q3FY24 Earnings Presentation

Technology adoption is low relative to other industries, but growing fast

Key Numbers & Insights

Formal Software in Place for the following3

• Gaps in adoption of digital solutions for several aspects within construction

management

• According to its 2022 10-k filings1, Procore believes that the construction management software market is evolving rapidly, but it is still in its early stages.

• Many construction companies still rely on manual paper-based methods

instead of using technology

Low Digital Capabilities2

Project Financials (e.g. change orders, forecasting sub- contractors and client invoices etc.)

budgets,

Project Management excluding project financials. eg EFIs, drawing markups, etc)

submittals,

Safety Risk Management

Equipment Management

Field/Labor Management

68%

17%

15%

58%

55%

48%

47%

26%

16%

30%

15%

35%

18%

36%

16%

Yes

I Don't Know/Unsure

1Procore Form 10-k US SEC December 31, 2022 2SmartMarket Brief: Digital Capabilities in US Civil Construction, Dodge Data & Analytics and Bentley Systems, Year 2020 32020 FMI Industry Report

Q3FY24 Earnings Presentation

Technology spend in construction industry shows huge head room to grow

Key Numbers & Insights

Worldwide IT Spending Forecast (millions of USD)4

• Multiple data sources indicate the overall IT spend for Architecture, Engineering, & Construction (AEC)

companies is pegged at 0.25-3% of revenue

•

According to Gartner the AEC software spend is 1-2% vs. 3-5% avg. across other industries1

According to JB Knowledge, the IT spend in over 90% of the construction companies in the United States varied between 0.25% to 3%2

According to McKinsey, an estimated $50 billion was invested in AEC tech between 2020 to 2022, 85 percent higher than the previous three years3

According to Gartner, approximately 20%4 of the IT spend corresponds to software

•

2023 Spending 217,880

2023 Growth (%) -1.5

2024 Spending 235,530

2024 Growth (%) 8.1

Data Center Systems

Devices

700,023

Software

922,745

IT Services 1,420,905

Communications Services

1,461,662

-8.6

13.7

8.8

2.7

748,150

1,052,956

1,585,373

6.9

14.1

11.6

1,517,877

3.8

Approx. 35-45% of this software spend corresponds to construction management software

Total 4,723,215

4.3

5,139,886

8.8

Percentage of Annual Sales Volume Spent on IT

0.25% to <1.0%

>3%

17%

16%

33%

25%

0% 5% 10% 15% 20% 25% 30% 35%

1‘Gartner top strategic technology trends for 2022’, Gartner, October 2021 2JB Knowledge, The annual construction technology report 2021 https://contechreport.com/ 3From start-up to scale-up: Accelerating growth in construction technology, McKinsey & Company May 2023 4https://www.gartner.com/en/newsroom/press-releases/2023-07-19-gartner-forecasts-worldwide-it-spending-to-grow-4-percent-in-2023

Softtech Engineers Limited has informed the Exchange about Investor Presentation

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