Bentley Systems Incorporated (NASDAQ:BSY) Q3 2020 Earnings Conference Call November 10, 2020 8:30 AM ET Company Participants Carey Mann – Investor Relations Officer Greg Bentley – Chief Executive Officer David Hollister – Chief Financial Officer Conference Call Participants Joe Vruwink – Baird Brian Essex – Goldman Sachs Brad Sills – Bank of America Matt Hedberg – RBC Matt Broome – Mizuho Jason Celino – KeyBanc Gal Munda – Berenberg Carey Mann Good morning everyone. And thank you for joining us for Bentley ...

CONFIDENTIAL The Infrastructure Engineering Software Company Introducing Bentley Systems Introducing "BSY": Greg Bentley, CEO, and David Hollister, CFO Fall 2020 BSY: The Infrastructure Engineering Software Company Dependable Growth (through Q2 2020 to Date) $768M Revenues (20H1 LTM) 87% Recurring Revenues1 Founder-Led for 36 Years ~30% Adjusted EBITDA Margin 53% of Revenues from accounts > $250K/yr2 Global Maturity Comprehensive Portfolio 1 See Appendix, Footnote 1. 2 Figure as of December 31, 2019 Note: A ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________ FORM 10-Q ___________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-39548 ___________________________________ BENTLEY S ...