PTC Inc. (NASDAQ:PTC) Q2 2023 Earnings Conference Call April 26, 2023 5:00 PM ET Company Participants Matt Shimao - Head of IR Jim Heppelmann - CEO Kristian Talvitie - CFO Conference Call Participants Jason Celino - KeyBanc Nay Soe Naing - Berenberg Steve Tusa - JPMorgan Ken Wong - Oppenheimer Adam Borg - Stifel Jay Vleeschhouwe - Griffin Securities Operator Good afternoon, ladies and gentlemen. Thank you for standing by, and welcome to the PTC 2023 Second Quarter Conference Call. During todays presentation ...

FY'23 Guidance and Performance - PTC narrowed its Constant Currency ARR guidance range while slightly raising the midpoint, increasing Cash Flow guidance, and increasing investments in long-term growth opportunities in 2H'23[2] - FY'23 Free Cash Flow guidance is approximately $580 million, which is about $20 million above initial guidance[7, 22] - PTC expects FY'23 organic churn to be approximately 5.5%, in-line with FY'22[28] - PTC expects FY'23 revenue from software to be approximately 89% and services to be approximately 11%[13] - PTC expects FY'23 ARR from Americas to be approximately 60%, Europe approximately 31%, and APAC approximately 9%[15] ServiceMax Impact - ServiceMax is expected to contribute approximately $170 million to Constant Currency ARR in FY'23[7, 16] - ServiceMax is expected to generate approximately $140 million in revenue from Q2'23 to Q4'23[16] - ServiceMax is expected to have a Free Cash Flow impact of approximately $5 million accretive to PTC in FY'23[7, 16] Q2'23 Results - Q2'23 Constant Currency ARR grew by 26% year-over-year to $1.814 billion, with organic growth of 13%[59, 60] - Q2'23 Cash from Operations was $211 million, and Free Cash Flow was $207 million, representing a 48% year-over-year increase[61, 63] - Q2'23 Revenue grew by 7% year-over-year to $542 million, or 13% on a constant currency basis[64, 65] Financial Position - As of March 31, 2023, PTC had cash and cash equivalents of $320 million and gross debt of $2.545 billion[66]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2022 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: 0-18059 PTC Inc. (Exact name of registrant as specified in its charter) Massachusetts 04-2866152 (State or other jurisdiction of incorpor ...

PTC Inc. (NASDAQ:PTC) Q1 2023 Earnings Conference Call February 1, 2023 5:00 PM ET Company Participants Matt Shimao - Head of Investor Relations Jim Heppelmann - Chief Executive Officer Kristian Talvitie - Chief Financial Officer Conference Call Participants Matt Hedberg - RBC Capital Markets Matt Broome - Mizuho Securities Tyler Radke - Citi Steve Tusa - JPMorgan Saket Kalia - Barclays Jay Vleeschhouwer - Griffin Securities Adam Borg - Stifel Jason Celino - KeyBanc Capital Markets Operator Good afternoon, ...

DIGITAL TRANSFORMS PHYSICAL FY'23 INVESTOR DAY Jim Heppelmann President and CEO Mike DiTullio President, Digital Thread Kristian Talvitie Chief Financial Officer November 17th, 2022 Investor Day FY'23 AGENDA 10:00 – 10:30 Strategy Jim Heppelmann, President and CEO 10:30 – 11:00 SaaS Transition Program Mike DiTullio, President, Digital Thread 11:00 – 11:30 Financials Kristian Talvitie, Chief Financial Officer 11:30 – 12:00 Q&A 2 JIM HEPPELMANN President and CEO SERVICEMAX ACQUISITION Strong Alignment with Cl ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTIONS 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended: September 30, 2022 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: 0-18059 PTC Inc. (Exact name of registrant as specified in its charter) Massachusetts 04-2866152 (State or other jurisdiction of incorporation ...

Financial Data and Key Metrics Changes - PTC reported a total ARR of $1.71 billion, up 16% year-over-year, with organic ARR growth at 15% [12][14] - Free cash flow for Q4 was $29 million, with fiscal '22 free cash flow reaching $416 million, up 21% year-over-year [15][58] - Non-GAAP operating margin expanded by approximately 300 basis points to 38% in fiscal '22 [64] Business Line Data and Key Metrics Changes - Digital Thread Core achieved 14% ARR growth, with CAD growing low double digits and PLM accelerating to 19% growth [23] - Velocity unit maintained a 29% ARR growth rate, with Onshape and Arena growing multiple times faster than their respective markets [28] - FSG posted 9% organic growth and 19% growth including Codebeamer [24] Market Data and Key Metrics Changes - ARR growth for the Americas was 17%, Europe grew 16% despite the exit from Russia, and APAC saw 13% growth [21] - The strongest ARR growth in percentage terms was in Velocity, driven by cloud-native products [22] Company Strategy and Development Direction - PTC is focusing on a SaaS transformation strategy, with plans to launch additional premium SaaS offerings like Creo+ [27][48] - The company is adopting a simpler reporting model of CAD and PLM to better align with market segments and improve transparency [42][46] - PTC aims for continued double-digit ARR growth in fiscal '23, despite potential macroeconomic challenges [31][39] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the resilience of the business model, anticipating ARR growth in the range of 10% to 14% for fiscal '23 [31][35] - The company is prepared for potential macroeconomic downturns and has implemented operational optimizations to mitigate impacts [105][106] - Management noted that foreign exchange rates are a significant factor in fiscal '23 free cash flow projections, with a $60 million headwind expected [36][60] Other Important Information - PTC's restructuring costs are largely behind, allowing for improved cash contribution margins [17][101] - The company completed $125 million in share repurchases at the beginning of the fiscal year [65] Q&A Session Summary Question: Customer behavior in Europe and China - Management noted that there are deferrals of budgets and longer cycle times to close deals in these regions, but they are prepared for these challenges [112]

DIGITAL TRANSFORMS PHYSICAL Q4'22 AND FY'22 FINANCIAL RESULTS Investor Relations November 2, 2022 2 FORWARD LOOKING STATEMENTS This presentation includes forward looking statements regarding PTC's future financial performance, strategic outlook and expectations, anticipated future operations, and expected effects of strategic investments and initiatives. Because such statements deal with future events, actual results may differ materially from those projected in the forwardlooking statements. Information ab ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 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: 0-18059 PTC Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (I.R.S ...

PTC, Inc. (NASDAQ:PTC) Q3 2022 Earnings Conference Call July 27, 2022 5:00 PM ET Company Participants Matt Shimao - Head, Investor Relations Jim Heppelmann - Chief Executive Officer Kristian Talvitie - Chief Financial Officer Conference Call Participants Matthew Broome - Mizuho Securities Saket Kalia - Barclays Andrew Obin - Bank of America Blair Abernethy - Rosenblatt Securities Adam Borg - Stifel Jay Vleeschhouwer - Griffin Securities Joe Vruwink - Baird Matt Swanson - RBC Capital Markets Yun Kim - Loop C ...