**Companies Strive to Enhance Construction Efficiency** San Rafael, CA, Dec 20, 2018 – Autodesk, Inc. (NASDAQ: ADSK), a global leader in design and engineering software, has successfully completed its acquisition of PlanGrid, a prominent provider of construction productivity software, for $875 million after accounting for cash adjustments. The deal was financed using a mix of Autodesk's existing cash reserves and a short-term loan. Autodesk and PlanGrid have long been seen as complementary forces in the construction tech space. Autodesk’s BIM 360 platform serves as a bridge connecting the people, data, and workflows involved in construction projects, enabling informed decisions throughout the entire project cycle. Meanwhile, PlanGrid’s software empowers general contractors, subcontractors, and property owners in sectors like commercial and heavy civil construction to access up-to-the-minute project plans, punch lists, task assignments, progress photos, daily field reports, and more—all in real time. “PlanGrid has done an exceptional job of creating a robust suite of tools and strategies tailored to meet the demands of modern project teams,” said Andrew Anagnost, CEO of Autodesk. “I’m thrilled to welcome the PlanGrid team and their clients into the Autodesk family. Together, we can offer immediate advantages to construction professionals while preparing them for future innovations in design, construction, and operational processes.” Looking ahead, Autodesk intends to merge PlanGrid’s software with its own flagship offerings like Revit and BIM 360 to ensure smooth data exchanges among all stakeholders. To learn more, check out the PlanGrid FAQ page and accompanying video. **Customer Feedback** DPR Construction, a specialist in highly complex and sustainable commercial projects, shares its thoughts on this acquisition. “The construction sector faces numerous challenges, but none as significant as ensuring timely and accurate data distribution to the right individuals,” noted Atul Khanzode, Chief Technology Officer at DPR Construction. “This acquisition excites us because it streamlines how data is shared on-site, leading to enhanced productivity and predictability. Utilizing BIM 360 has refined our planning processes—enabling reliable forecasting and execution of lean construction methods—and PlanGrid helps us stay updated with the latest data sets.” Clayco, another industry heavyweight recognized by Engineering News-Record (ENR) for its cutting-edge solutions in industrial and office spaces, echoes similar sentiments. “Construction sites relying heavily on paper-based systems run the risk of outdated documentation, which often results in costly delays,” explained Bob Clark, Founder and CEO of Clayco. “That’s why we turned to BIM 360 and PlanGrid—they’ve helped digitize every stage of construction, accelerating project timelines, reducing risks, and boosting overall efficiency. Combining these two platforms under one umbrella opens exciting possibilities for fostering collaboration between project teams and property owners from inception to handover.” **Financial Outlook** While the acquisition officially closed on December 19, 2018, only part of PlanGrid’s earnings will reflect in Autodesk’s Q4 fiscal year 2019 results, concluding on January 31, 2019. Consequently, the company anticipates PlanGrid contributing minimally to revenues while having a slight negative effect on profitability and cash flows for this period. For fiscal 2020, Autodesk expects PlanGrid to generate around $100 million in Annual Recurring Revenue (ARR) and remain slightly dilutive to profitability and cash flow. Despite this transaction, Autodesk remains committed to achieving its free cash flow objectives for fiscal 2020. Additionally, Autodesk recently announced plans to acquire BuildingConnected. More details can be found in the official press release. **Forward-Looking Statements** This announcement includes forward-looking statements involving inherent risks and uncertainties. These statements cover aspects such as the impact of the acquisition on Autodesk’s guidance from November 20, 2018, business outcomes, product enhancements, customer relations, and strategic workflow improvements. Factors potentially influencing results include Autodesk’s ability to integrate PlanGrid smoothly, transaction-related expenses, industry growth rates, competitive dynamics, product development successes, general economic trends, and unforeseen accounting impacts. For further insight into these considerations, refer to Autodesk’s annual report on Form 10-K for the fiscal year ended January 31, 2018, and quarterly reports on Form 10-Q for April 30, 2018, July 31, 2018, and October 31, 2018, filed with the U.S. Securities and Exchange Commission. Autodesk assumes no responsibility for updating these projections based on new developments. **About PlanGrid** PlanGrid designs intuitive yet powerful tools essential for today’s construction teams. Its mobile-first approach ensures instant access to critical information for general contractors, subcontractors, owners, and architects alike. Field workers can effortlessly manage and update blueprints, RFIs, punch lists, and other crucial documents via any device. Used across commercial, heavy civil, and other industries worldwide, PlanGrid powers over a million projects in 90 countries. Founded in 2011 and headquartered in San Francisco, PlanGrid secured backing from notable investors like YCombinator, Sequoia Capital, and Tenaya Capital. Visit www.plangrid.com to explore further. **About Autodesk** Autodesk empowers creators shaping our world—from cars to cities, smartphones to movies. Whether you admire towering skyscrapers or enjoy cinematic blockbusters, chances are someone used Autodesk software to bring those visions to life. At Autodesk, we believe in giving you the tools to create anything imaginable. *Autodesk, BIM 360, and Revit are registered trademarks of Autodesk, Inc., along with its subsidiaries and affiliates globally. All other brands belong to their respective owners. Specifications subject to change without prior notice.* © 2018 Autodesk, Inc. All rights reserved.

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