Bentley Systems Announces Fourth Quarter and Full Year 2024 Results and 2025 Financial Outlook Increases Quarterly Dividend Press Release February 26, 2025 EXTON, Pa.- Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced results for the quarter ended December 31, 2024 and its financial outlook for 2025. Fourth Quarter 2024 Results Total revenues were $349.8 million, up 12.6% or 13.2% on a constant currency basis, year-over-year; Subscriptions revenues were $315.6 million, up 15.8% or 16.4% on a constant currency basis, year-over-year; Annualized Recurring Revenues (“ARR”) were $1,283.3 million as of December 31, 2024, compared to $1,174.8 million as of December 31, 2023, representing a constant currency ARR growth rate of 12%; Last twelve-month recurring revenues dollar-based net retention rate was 110%, compared to 109% for the same period last year; Operating income margin was 17.6%, compared to 12.2% for the same period last year; Adjusted operating income inclusive of stock-based compensation expense (“Adjusted OI w/SBC”) margin was 21.5%, compared to 24.0% for the same period last year; Net income per diluted share was $0.16, compared to $0.54 for the same period last year; Adjusted net income per diluted share (“Adjusted EPS”) was $0.21, compared to $0.20 for the same period last year; and Cash flows

Bentley Systems Issues Call for Nominations for the 2025 Going Digital Awards Winners to be Announced at the 2025 Year in Infrastructure Conference, Taking Place in Amsterdam on October 14-15 Press Release Winners of the 2024 Going Digital Awards celebrate their accomplishments. Nominations are now open for the 2025 awards. (Image courtesy of Bentley Systems) February 17, 2025 EXTON, Pa – February 17, 2025 – Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced nominations are now open for the 2025 Going Digital Awards. This renowned global program recognizes the very best digital advancements in infrastructure delivery and performance. Independent jurors—consisting of thought leaders and experts in their field—select the winners from among the world’s most extraordinary infrastructure projects. The deadline for nominations is March 31, 2025. Celebrating over 20 years, the awards program has recognized more than 5,250 of the world’s most outstanding infrastructure projects. This global program is open to all Bentley software users and nominations are encouraged across a range of categories, encompassing all forms of infrastructure projects and stages—from design and construction to operations. Three finalists will be chosen within each of the 12 award categories. Finalists will attend Bentley’s Year in Infrastructure

Bentley Systems to Announce Fourth Quarter and Full Year 2024 Results and 2025 Financial Outlook on February 26, 2025 Press Release January 29, 2025 EXTON, Pa.–(BUSINESS WIRE) Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, will release its fourth quarter and full year 2024 results before the market opens on Wednesday, February 26, 2025. Senior management will host a webcast to discuss the company’s results at 8:15 a.m. ET. The results press release and link to the webcast will be available prior to the start of the webcast on the company’s investor relations website at https://investors.bentley.com Webcast and Registration Information When: Wednesday, February 26, 2025, 8:15 a.m. ETWebcast: Registration link Replay: Available later that day via https://investors.bentley.com About Bentley Systems Bentley Systems (Nasdaq: BSY) is the infrastructure engineering software company. We provide innovative software to advance the world’s infrastructure – sustaining both the global economy and environment. Our industry-leading software solutions are used by professionals, and organizations of every size, for the design, construction, and operations of roads and bridges, rail and transit, water and wastewater, public works and utilities, buildings and campuses, mining, and industrial facilities. Our offerings, powered by the iTwin Platform for infrastructure digital twins, include

Bentley Systems Welcomes James Lee as Chief Operating Officer Also consolidating product development and technology strategy under Chief Technology Officer Julien Moutte Press Release James Lee joins Bentley Systems as Chief Operating Officer. (Image of James Lee, 2023, courtesy of Bentley Systems) January 13, 2025 EXTON, Pa – January 13, 2025 – Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced the appointment of James Lee as Chief Operating Officer. Lee joins Bentley from Google, where he served as General Manager for startups and artificial intelligence at Google Cloud. Prior to joining Google in 2020, Lee spent 12 years at SAP, including as Chief Operating Officer for SAP Ariba and Fieldglass, and as Chief Operating Officer and General Manager of Sales for SAP Greater China. He holds a Master of Business Administration degree from Harvard University and a Bachelor of Commerce degree from the University of British Columbia, and is based in the Pacific Northwest. Lee will strengthen Bentley’s cross-functional alignment across planning and execution, will drive operational excellence, and will oversee China, Japan, and portfolio development including growth initiatives such as Bentley Asset Analytics. Nicholas Cumins said, “I am excited to welcome James, a world-class operational

Bentley Systems, Incorporated Declares Fourth Quarter 2024 Dividend Press Release November 22, 2024 EXTON, Pa.–(BUSINESS WIRE) Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced that its Board of Directors declared a $0.06 per share dividend for the fourth quarter of 2024. The cash dividend is payable on December 12, 2024, to all stockholders of record of Class A and Class B common stock as of the close of business on December 3, 2024. About Bentley Systems Bentley Systems (Nasdaq: BSY) is the infrastructure engineering software company. We provide innovative software to advance the world’s infrastructure – sustaining both the global economy and environment. Our industry-leading software solutions are used by professionals, and organizations of every size, for the design, construction, and operations of roads and bridges, rail and transit, water and wastewater, public works and utilities, buildings and campuses, mining, and industrial facilities. Our offerings, powered by the iTwin Platform for infrastructure digital twins, include MicroStation and Bentley Open applications for modeling and simulation, Seequent’s software for geoprofessionals, and Bentley Infrastructure Cloud encompassing ProjectWise for project delivery, SYNCHRO for construction management, and AssetWise for asset operations. Bentley Systems’ 5,200 colleagues generate annual revenues of more than

Seequent and the International Geothermal Association Partner to Unlock Geothermal Energy’s Potential for a Sustainable Future Geothermal has been overlooked as a key renewable energy source, says IGA and Seequent Press Release Panel and moderator for the launch announcement of global partnership between Seequent and the International Geothermal Association. (Image courtesy of Seequent) November 21, 2024 AUCKLAND, NEW ZEALAND – November 21, 2024 – Seequent, The Bentley Subsurface Company, today announced a strategic partnership with the International Geothermal Association (IGA) to boost geothermal energy’s role as a sustainable and reliable renewable energy source. Geothermal draws energy from hot fluids travelling through the Earth’s subsurface. These fluids are utilised to drive turbines producing electricity, directly to heat homes or in industrial processes. Traditionally, geothermal energy has been viewed as energy restricted to environments where it is visible – however new technological breakthroughs and the realities of needing 24/7 access to energy are changing the investment landscape. The International Geothermal Association is the leading global platform on geothermal energy. Marit Brommer, Chief Executive Officer, IGA, said: “Geothermal energy has been overlooked as a reliable and sustainable energy source. It is uniquely positioned to provide this, and partnerships like this are essential to

Bentley Systems Announces Third Quarter 2024 Results Press Release November 7, 2024 EXTON, Pa.- Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced results for the quarter ended September 30, 2024. Third Quarter 2024 Results Total revenues were $335.2 million, up 9.3% or 9.1% on a constant currency basis, year-over-year; Subscriptions revenues were $303.2 million, up 12.0% or 11.8% on a constant currency basis, year-over-year; Annualized Recurring Revenues (“ARR”) was $1,270.7 million as of September 30, 2024, compared to $1,124.8 million as of September 30, 2023, representing a constant currency ARR growth rate of 12%; Last twelve-month recurring revenues dollar-based net retention rate was 109%, compared to 110% for the same period last year; Operating income margin was 20.5%, compared to 24.0% for the same period last year; Adjusted operating income inclusive of stock-based compensation expense (“Adjusted OI w/SBC”) margin was 26.7%, compared to 28.2% for the same period last year; Net income per diluted share was $0.13, compared to $0.16 for the same period last year; Adjusted net income per diluted share (“Adjusted EPS”) was $0.24, compared to $0.22 for the same period last year; and Cash flows from operations was $86.1 million, compared to $72.8 million

Blyncsy Achieves Sustainability Partner Designation in the Google Cloud Partner Advantage Program Google Cloud Recognizes Blyncsy as Part of Google Cloud Ready – Sustainability Program Press Release November 4, 2024 SALT LAKE CITY, UT – November 4, 2024 – Blyncsy, a Bentley Systems, Incorporated (Nasdaq: BSY) company, today announced that it has achieved the Google Cloud Ready – Sustainability designation in the Google Cloud Partner Advantage Program. By earning the Sustainability designation, Blyncsy has proven its success in building and producing solutions and tools on Google Cloud to help customers achieve their sustainability and Environmental, Social, Governance (ESG) goals. The designation was awarded based on Blyncsy’s AI-powered road maintenance and asset inventory technology, which is used by state Department of Transportation (DOT) agencies across the United States to conduct automated roadway inspections using crowdsourced dash camera imagery combined with AI analytics. Insights provided by Blyncsy’s technology can supplant the need for state DOT operations and maintenance departments to conduct manual inspections of roadway conditions, which can help remove tens of thousands of pounds of carbon emissions from the air annually for each vehicle removed from these costly activities. The new solutions of the Google Cloud Ready – Sustainability partner program

Blyncsy Publishes Map of U.S. Interstate Highways Showing Roadway Assets to Enhance Safety, Maintenance, and Accelerate the Digital Infrastructure Movement Nationally Blyncsy empowers state DOTs with the ability to monitor and compare—in near real-time—the status of any major highway in the continental U.S. with their existing data for more informed decision-making Press Release Using AI image analysis, Blyncsy’s comprehensive public map of U.S. interstate highways can identify key roadway assets such as speed limit signs and traffic cones. (Image courtesy of Blyncsy) October 29, 2024 PHILADELPHIA, Pa – (2024 AASHTO Annual Meeting & Expo) – October 29, 2024 – Blyncsy, a Bentley Systems, Incorporated (Nasdaq: BSY) company, today announced it published a comprehensive public map of all interstate highways in the continental United States showing key roadway assets such as guardrails, speed limit signs, and work zones to support roadway safety and maintenance conditions. This data is now available to all state U.S. Department of Transportation (DOT) agencies, enabling them to better address safety, maintenance, and repair operations of deteriorating and at-risk roads more efficiently and cost-effectively, especially during times of natural disasters. The new Blyncsy interstate highway map uses crowdsourced dash camera imagery from over 1 million vehicles in

Bentley Systems Announces Winners of its 2024 Partner Excellence Awards Press Release Bentley 2024 Partner Excellence Awards Logo. (Image courtesy of Bentley Systems) October 28, 2024 EXTON, Pa – October 28, 2024 – Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced the winners of its 2024 Partner Excellence Awards. These annual awards recognize Bentley partners for their excellence in business efficiency, user experience, and overall performance through innovation in business, technology, and software sales and development. This year’s winners were selected from among 20 finalist organizations from 17 countries in seven categories. The awards event was held during Bentley’s 2024 Partner Summit, October 22 – 24, in Nice, France. “This year, we had an exciting array of Partner Excellence Award submissions, highlighting innovation and exceptional business acumen,” said Tom Kurke, vice president, Ecosystem & Ventures at Bentley Systems. “We honor the achievements of the winners as they demonstrated remarkable expertise in optimizing operational performance, enhancing user engagement, and driving forward-thinking strategies in sales and technology development. Their contributions reflect a deep commitment to driving impactful results and fostering innovation to advance the world’s most critical infrastructure.” 2024 Bentley Partner Excellence Award Winners: BUSINESS TRANSFORMATION CitiME Consultancy

Bentley Systems to Announce Third Quarter 2024 Results on November 7, 2024 Press Release October 16, 2024 EXTON, Pa.–(BUSINESS WIRE) Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, will release its third quarter 2024 results before the market opens on Thursday, November 7, 2024. Senior management will host a webcast to discuss the company’s results at 8:15 a.m. ET. The results press release and link to the webcast will be available prior to the start of the webcast on the company’s investor relations website at https://investors.bentley.com Webcast and Registration Information When: Thursday, November 7, 2024, 8:15 a.m. ETWebcast: Registration link Replay: Available later that day via https://investors.bentley.com About Bentley Systems Bentley Systems (Nasdaq: BSY) is the infrastructure engineering software company. We provide innovative software to advance the world’s infrastructure – sustaining both the global economy and environment. Our industry-leading software solutions are used by professionals, and organizations of every size, for the design, construction, and operations of roads and bridges, rail and transit, water and wastewater, public works and utilities, buildings and campuses, mining, and industrial facilities. Our offerings, powered by the iTwin Platform for infrastructure digital twins, include MicroStation and Bentley Open applications for modeling and simulation, Seequent’s software for

Bentley Systems Announces Winners of the 2024 Going Digital Awards Company also recognizes select projects with Founders’ Honors for advancing infrastructure Press Release Bentley Systems announced the winners of the 2024 Going Digital Awards on October 9, 2024. (Image courtesy of Bentley Systems) October 10, 2024 VANCOUVER, CA – (Bentley Systems’ Year in Infrastructure 2024) – October 10, 2024 – Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced the winners of the 2024 Going Digital Awards. The annual awards honor the extraordinary work of infrastructure professionals and their innovative use of Bentley software to improve the way infrastructure is designed, built, and operated. This year, 250 projects were nominated by organizations in 36 countries. Winners were selected from among 36 finalists in 12 categories by a panel of independent judges during Bentley’s Year in Infrastructure event, held October 8 and 9 in Vancouver, Canada. “This year, we received an impressive variety of submissions for the Going Digital Awards from users across the globe, showcasing groundbreaking projects that exemplify the future of infrastructure,” said Kristin Fallon, chief marketing officer at Bentley Systems. “Today, we celebrate the extraordinary achievements of our finalists and winners. These visionary teams demonstrate

Bentley Systems’ New Carbon Analysis Capabilities Help Reduce Infrastructure’s Carbon Footprint Bentley makes carbon impact analysis a systematic part of the design process for new and existing infrastructure assets, simplifies embodied carbon reporting with added 3D visualizations Press Release A 3D Example of Bentley’s Carbon Analysis capabilities: Embodied carbon grouping of common components for reporting. (Image courtesy of Bentley Systems) October 9, 2024 VANCOUVER, CA – (Bentley Systems’ Year in Infrastructure 2024) – October 9, 2024 – Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced the general availability of new Carbon Analysis capabilities in iTwin Experience to assess and reduce carbon impacts for more sustainable infrastructure. The new Carbon Analysis capabilities enable infrastructure engineers to simplify carbon reporting, easily visualize embodied carbon, and rapidly explore alternatives for better designs. Embodied carbon is the carbon footprint of an asset before it is built, encompassing the greenhouse gases emitted during the construction process. Bentley’s new Carbon Analysis capabilities deliver a “cradle-to-gate” assessment of a design’s carbon footprint, from raw material extraction until it leaves the factory’s gate—which represent the largest contributors to embodied carbon. “Between now and 2050, embodied carbon linked to new infrastructure, is projected to be

Bentley Systems Announces Generative AI Game-Changer for Civil Site Design Company unveils first-to-market AI-powered civil engineering application that delivers optimized, accurate site designs up to 10 times faster than traditional methods Press Release Bentley’s OpenSite+ software uses AI to automate annotation and plan production for civil site design. (Image courtesy of Bentley Systems) October 9, 2024 VANCOUVER, CA – (Bentley Systems’ Year in Infrastructure 2024) – October 9, 2024 – Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced new generative AI capabilities for civil site design, including a design copilot, site layout optimizations, and automated drawing production that will drive new levels of productivity and accuracy. Building on its success in applying AI-powered digital twins to asset maintenance—to detect and assess problems before failures occur—Bentley is bringing AI to the design phase of the infrastructure lifecycle to automate repetitive tasks, such as drawing production, so that engineers can focus on higher-value activities. Putting AI into Action—Introducing OpenSite+Bentley’s OpenSite+ is the first engineering application leveraging generative AI for civil site design. It helps engineers swiftly design residential, commercial, and industrial sites with AI tools, significantly boosting productivity and accuracy. A digital twin-native product, built with Bentley’s iTwin

Bentley Systems: Open Data Ecosystems to Advance Infrastructure Engineering At its Year in Infrastructure conference, Bentley highlights the value of open data ecosystems to improve infrastructure resilience and sustainability Press Release Example of an open data ecosystem enabled by iTwin to allow users access to photorealistic Google 3D tiles, based on Cesium technology. (Image courtesy of Bentley Systems) October 9, 2024 VANCOUVER, CA – (Bentley Systems’ Year in Infrastructure 2024) – October 9, 2024 – Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, unveiled its vision for open data ecosystems to advance infrastructure engineering at its annual Year in Infrastructure conference. During the event, Bentley executives were joined by representatives from global engineering and construction firms and infrastructure owner-operators to discuss how infrastructure professionals can improve project delivery and asset performance. “The future of infrastructure engineering is open,” said Bentley CEO Nicholas Cumins during his keynote address. “It’s flexible, collaborative, and built on a foundation of data that can be shared securely. At Bentley, we are leading the way—ensuring that the applications, platforms, and solutions we create meet the evolving needs of our industry.” Cumins explained that infrastructure sectors can no longer afford to work in silos, with

Bentley Systems Partners with Google to Bring Powerful Geospatial Context and Capabilities to Infrastructure Collaboration enables use of Google 2D, 3D geospatial content within Bentley’s applications and platforms to deliver actionable insights to infrastructure professionals Press Release Google 3D tiles of Vancouver, enabled through Cesium technology, that will be available within iTwin. (Image courtesy of Bentley Systems) October 9, 2024 VANCOUVER, CA – (Bentley Systems’ Year in Infrastructure 2024) – October 9, 2024 – Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced a strategic partnership with Google to integrate Google’s high-quality geospatial content with Bentley’s infrastructure engineering software and digital twin platform to improve the way infrastructure is designed, built, and operated. As a digital representation of the physical world, digital twins unlock meaningful value and insights throughout the infrastructure lifecycle, from project planning and design through construction and asset operation. By leveraging the engineering data created and managed in Bentley software alongside Google’s geospatial data, AI and analytics, and cloud technologies, engineers can design and manage infrastructure in context and at scale to address today’s most urgent challenges, from mitigating climate risk to maintaining aging infrastructure. Through the partnership, Bentley software users and developers can