Leading Global Provider of Supply Chain Management

© 2021 American Software, Inc. All rights reserved. | Proprietary & Confidential

Leading Global Provider of Supply Chain Management Solutions

Allan DowCEO

September 2020

Vincent KlingesCFO

NASDAQ: AMSWA


Forward Looking Statements

This presentation may include statements that may constitute “forward-looking statements,” including estimates offuture business prospects or financial results and statements containing the words “believe,” “expect,” or similarexpressions. Any forward-looking statements herein are made pursuant to the safe harbor provision of the PrivateSecurities Litigation Reform Act of 1995. There are many factors that could cause actual results of American Softwareto differ materially from those anticipated by forward-looking statements made herein. These factors includecontinuing economic uncertainty, the timing and degree of business recovery, unpredictability and the irregularpattern 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 softwareerrors, and risks associated with market acceptance of the Company’s products and services as well as a number ofother risk factors that could affect the future performance of the Company. Please refer to a discussion of thesefactors and others in the Company's most recent Annual Report on Form 10-K and in its Quarterly Reports on Form10-Q and other reports and documents subsequently filed with the Securities and Exchange Commission. For moreinformation about risks the Company could face as well as other information, contact Vincent C. Klinges, ChiefFinancial 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].

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Supply Chain Software Overview

50+ Years as a Best-of-Breed Provider of Supply Chain and Retail Optimization Solutions

900+ Customers in over 80 Countries Attracted byVertically Oriented Solutions and Functional Depth

Multi-Brand Strategy Addresses Needs of Global 1000, Enterprise and SMB Companies

Proven Results and Track Record of Innovation

Strong Financial Position

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Supply Chain Management Growth

Market Forecast Through 2024

The Supply Chain Management (SCM) Software market exceeded $15 billion in total revenue in 2019 and is expected to exceed $24 billion by 2024.

This represents a CAGR of 10% through 2024.

Our Specialty

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Transition to SaaS continues to drive the majority of growth into 2021 The move to SaaS is

driving companies to purchase new solutions which will lead to process modernization and expanding the selected vendor’s footprint

Process Change Drives Growth in SC Software

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“[Logility] has invested in its digital planning capability over the last couple of years as it modernizes its capabilities, particularly in advanced analytics and machine learning.”

Magic Quadrant for Supply Chain Planning Solutions

CHALLENGERS LEADERS

NICHE PLAYERS VISIONARIES

“[Logility’s] innovation strategy is above average. This is driven by above-average scores for vision for AI, vision for data sources/management, and vision for speed and scalability.”

Recognized Leader: 2021 Gartner Magic Quadrant for Supply Chain Planning Solutions

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Digital Supply Chain Platform & Industry Verticals

SCM Customer Base

Apparel and Footwear

12%

Food andBeverage

14%

OtherConsumerGoods

16%

TotalConsumerProducts42%

Life Sciences6%

Service/Aftermarket

6%Chemical/Process

10%

WholesaleDistribution 9%

Retail

13%

Durable Goods

14%

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Diversified Customer BaseConsumer Goods

Service & Aftermarket

Durable Goods

Life Sciences

Electronics Retail

Personal Care

Home Furnishings

Food & Beverage

Softgoods &Apparel

Process Chemicals

WholesaleDistribution

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http://search.mywebsearch.com/mywebsearch/redirect.jhtml?qid=184093d98f600660e215623bf88aa253&searchfor=trelleborg+wheel+logo&action=pick&pn=1&si=CMnblMWF7KsCFcNM4AodqHPMJQ&n=77def951&ptb=6F402FB4-7EDC-419B-89D7-F01D3D8E993F&ptnrS=ZXxdm003P9us&ss=sub&st=sb&cb=ZX&pg=AJimage&ord=4&pt=PI&tpr=sbt&redirect=mPWsrdz9heamc8iHEhldEQjorbbM4zF/n6hmzXGZ+4GXgqQiSfjCK4/1q42EF29z&ct=AR


Investing in the Future

$80+60MGross R&D Investment5 Years past / 3 Years Ahead

32 + 26%Staff Growth 5 Years past / 3 Years Ahead

19Consistent Years of Profitability

$108MCash & Investments

$3.2BDebt

RESEARCH

INNOVATION

CO-INNOVATION

ZERORevenue to Date

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Sustainability MissionCreating sustainable supply chains that improve peoples lives and the world we live in.

Economic

Accelerating and Improving decision making

More effective deployment of inventory

Efficient utilization of assets

Higher fulfillment and customer satisfaction

Environmental

Reduced energy consumption and carbon footprint

Improvements in effluent & waste

Traceability & recovery of products

Higher recyclable content

Efficient use of raw materials

Higher utilization of return and restore

Social

Ensuring adherence to proper labor, safety & security standards

Upholding the standards of fair trade and social equality

Enriching lives across the globe through better delivery & availability of products

Automating the routine & mundane tasks and freeing supply chain communities for more rewarding roles

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Financial Summary

NASDAQ: AMSWA


Revenue Contributions

Revenue by Segment ($MMs)Three Business Segments

12

82%

16%2%

Supply Chain Management IT Solutions ERP

22.3 23.5 25.6

23.6 21.7 22.3 22.6 23.6 24.3

4.4 4.2

4.5 5.0

5.0 5.0 4.5 4.4 4.5 0.7 0.6

0.5 0.7

0.5 0.6 0.5 0.5 0.5 27.4 28.2 30.6

29.3 27.3 27.9 27.7 28.6 29.3

1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22

ERP

TPM

SCM


Transition to the Cloud Annual Contract Value (ACV)

+49% Y-o-Y

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1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22Total ACV 2.9 3.1 3.3 3.8 4.0 4.4 4.9 6.1 7.7 9.9 10.9 12.7 13.2 14.5 16.1 17.3 20.2 22.4 25.5 26.4 27.6 29.6 31.6 38.3 40.9% of revenue 3% 3% 3% 3% 4% 4% 4% 6% 7% 9% 10% 11% 12% 13% 14% 16% 19% 21% 23% 23% 24% 26% 28% 34% 36%

27.6

40.9

0%

5%

10%

15%

20%

25%

30%

35%

40%

-

5.0

10.0

15.0

20.0

25.0

30.0

35.0

40.0

45.0


Rising Mix of Recurring Revenue

Quarterly Revenue in $MMs

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12.4 12.9 13.8 13.5 14.7 15.0 15.1 14.7 15.5 16.3 16.6 16.7 16.7 17.2 17.7 17.3 19.3

15.4 14.8

18.6 17.8 12.7 13.1 11.9 11.6

11.9 11.9

14.0 12.6 10.6 10.7 10.0 11.3

10.0

27.8 27.7

32.4 31.4

27.4 28.0 27.0

26.3 27.4

28.2

30.6 29.3

27.3 27.9 27.7 28.6

29.3

1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22

Non Recurring

Recurring


Growing Subscription Revenue Stream

Subscription & Maintenance Revenue in $MMs

% of revenue

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10.8 10.8 11.2 10.9 11.5 11.6 11.4 10.8 11.0 10.8 10.8 10.4 10.3 10.2 10.2 9.2 9.5

1.6 2.0 2.6 2.6

3.2 3.3 3.7 3.8

4.5 5.5 5.8 6.3 6.4 7.0 7.5 8.1

9.8

12.4 12.9

13.8 13.5

14.7 15.0 15.1 14.7

15.5 16.3 16.6 16.7 16.7

17.2 17.7 17.3

19.3

46% 49% 46% 46%54% 53% 56% 56% 56% 58% 54% 57% 61% 62% 64% 60%

66%


Subscription

Maintenance


Gross Margin ExpansionGross Profit in $MMs Non-GAAP Subscription Gross Margin*

*Non-GAAP subscription gross profit and gross margin excludes amortization of capitalized software

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3.1

4.0 4.3 4.5 4.6

4.9 5.3

5.6

7.4 69.5%

73.5% 73.9%71.6% 71.7% 70.9%

70.7% 69.8%75.4%

1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22

Non-GAAP Subscription Gross Profit Non-GAAP Subscription Gross Margin

9.2 9.0 9.0 8.7 8.5 8.3 8.3 7.3 7.5

2.3 2.9 3.8 3.5 3.6 4.0 4.4 4.9

6.6

3.1 3.3 4.7

3.8 2.1 2.5 2.6 4.4

2.9 14.6 15.2

17.4 15.9

14.2 14.8 15.3 16.7 16.9

53.4% 53.8%57.0%

54.3%52.2% 53.1%

55.1%58.3% 57.7%

1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22

Subscription Gross Profit License & Services Gross Profit

Total Gross Profit Gross margin


Sustained Profitability Amidst Cloud TransitionAdjusted EBITDA in $MMs

17

5.3 5.0

6.1

4.5

2.8

3.9

4.6

3.5 3.5 3.5

5.3

3.9

3.1 2.8 2.9

3.7 3.7

19.8% 19.1% 20.3%

15.5%

10.2%

13.8%16.9%

13.3% 12.7% 12.5%

17.2%

13.3%11.4%

10.0% 10.4%13.0% 12.6%


Adjusted EBITDA Adjusted EBITDA Margin


Improved Visibility from Backlog Growth

In 1Q 2022RPO was +63% y/y

Short-term +25% y/yLong-term +116% y/y

Remaining Performance Obligation (RPO) in $MMs

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45 45 50 46 44 43 44 53 55

27 30 30

31 31 35 36

62 67

72 76 80 77 75 78 80

116 122

1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22

Short-term RPO Long-term RPO


Current Valuation Metrics

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AMSWA Stock Price at 10/04/21 24.35$ Market Capitalization (Fully Diluted) 826,597$ Enterprise Value (Fully Diluted) 718,463$ Cash and Investments per share at 7/31/21: 3.19$ Current Dividend Yield: 1.81%Price/ Sales (TTM) 7.29Price/ Book (TTM) 6.53Enterprise Value/Revenue 7/31/21 (ttm): 6.34Enterprise Value/ EBITDA 7/31/21(ttm): 69.70


Investment Highlights

Supply Chain Software Leader

Multi-Brand Strategy

Innovative Technology SaaS Transition

Strong Financial Position Disciplined Capital Allocation

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NASDAQ: AMSWA

September 2020

www.amsoftware.comwww.logility.com

www.demandsolutions.com

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Leading Global Provider of Supply Chain Management