#1Synopsys® Corporate Overview for Investors November 2023 SYNOPSY#2Forward-Looking Statements This presentation contains forward-looking statements, including, but not limited to, statements regarding Synopsys' short-term and long-term financial targets, expectations and objectives; strategies related to our products, technology and services; business and market outlook, opportunities, strategies and technological trends, such as artificial intelligence; the expected impact of U.S. and foreign government actions and regulatory changes, including export control restrictions on our financial results; the potential impact of the uncertain macroeconomic and geopolitical environment on our financial results; customer demand and market expansion; our planned product releases and capabilities; industry growth rates; software trends; planned acquisitions and stock repurchases; our expected tax rate; and the impact and result of pending legal, administrative and tax proceedings. These statements involve risks, uncertainties and other factors that could cause our actual results, time frames or achievements to differ materially from those expressed or implied in such forward-looking statements. Such risks, uncertainties and factors include, but are not limited to: macroeconomic conditions and geopolitical uncertainty in the global economy; uncertainty in the growth of the semiconductor and electronics industries; the highly competitive industry we operate in; actions by the U.S. or foreign governments, such as the imposition of additional export restrictions or tariffs; consolidation among our customers and our dependence on a relatively small number of large customers; risks and compliance obligations relating to the global nature of our operations; and more. Additional information on potential risks, uncertainties and other factors that could affect Synopsys' results is included in filings we make with the SEC from time to time, including in the sections entitled "Risk Factors" in our latest Annual Report on Form 10-K, and in our latest Quarterly Report on Form 10-Q. The financial information contained in this presentation should be read in conjunction with the consolidated financial statements and notes thereto included in Synopsys' most recent reports on Forms 10-K and 10-Q, each as may be amended from time to time. Synopsys' financial results for its fourth quarter and fiscal year 2023 are not necessarily indicative of Synopsys' operating results for any future periods. The information provided herein is as of November 29, 2023. Synopsys undertakes no duty to, and does not intend to, update any forward-looking statement, whether as a result of new information, future events or otherwise, unless required by law. Regulation G In addition to financial results prepared in accordance with Generally Accepted Accounting Principles, or GAAP, this presentation also contains certain non-GAAP financial measures. When possible, Synopsys provides a reconciliation of non-GAAP financial measures to their most closely applicable GAAP financial measures. Reconciliations of certain of the non-GAAP financial measures (either contained in this presentation or given verbally) to their most comparable GAAP measures are included in the table at the end of this presentation, along with the fourth quarter of fiscal year 2023 earnings release and financial supplement, dated November 29, 2023, and available on Synopsys' website at https://investor.synopsys.com/overview/default.aspx. Synopsys is unable to provide a reconciliation of certain non-GAAP guidance measures to the corresponding GAAP measures on a forward-looking basis because doing so would not be possible without unreasonable effort due to, among other things, the potential variability and limited visibility of the excluded items. For the same reasons, Synopsys is unable to address the probable significance of the unavailable information. Investors are encouraged to review Item 2.02 of Synopsys' Current Report on Form 8-K filed on November 29, 2023, for additional information about the measures Synopsys uses to evaluate its core business operations. synopsys © 2023 Synopsys, Inc. 2#3Synopsys: The Market & Technology Leader FY23 FY24 Targets 1, 2 Semiconductor Intellectual Broad Product Portfolio Electronic Design Automation (EDA) Property (IP) Software Security and Quality Revenue: $5.84B $6.57B $6.63B Growth Rate: 15.0% 12.4-13.5% Non-GAAP Operating Margin: 35.1% ~37.0%* *Midpoint of range Non-GAAP Diluted EPS: $11.19 $13.33-$13.41 Growth Rate: 25.7% 19.1-19.8% Operating Cash Flow: $1.70B ~$1.4B Business Model: Time-based, recurring revenue model; Non-cancellable backlog. 1 These targets are being provided by Synopsys as of November 29, 2023. 2 Assumes no further changes to export control restrictions or the current U.S. government "Entity List" restrictions. Synopsys © 2023 Synopsys, Inc. 3#4Synopsys: The Market & Technology Leader synopsys Design Automation -35-65% years of revenue Design IP >25 -25% years of revenue Market Leader #2 IP Vendor 1011 0100 -9 Software Integrity years -10% of revenue Industry Leader, Broadest Portfolio © 2023 Synopsys, Inc. 4#5Long-term Financial Objectives¹ While the results in any given period will vary due to timing of product deliverables, acquisitions or other near-term priorities, our long-term, multi-year objectives² are: Revenue Annual double-digit growth • Design Automation: double digits · Design IP: mid-teens Margin Annual non-GAAP operating margin expansion of more than 100 bps Earnings Annual non-GAAP EPS growth in the mid-teens range Utilize our strong cash flow for organic investments, M&A and stock buybacks 1 These multi-year objectives are provided as of November 29, 2023. 2 Period to period fluctuations are a normal element of our business, driven particularly by timing of hardware and IP deliveries. synopsys © 2023 Synopsys, Inc. 5 LO#6Synopsys: Leading Silicon to Systems Design Solutions Uniquely Positioned for Growth and Stability Robust End Markets Clear Technology Leadership Financial Strength and Growth synopsys U1 © 2023 Synopsys, Inc. 6#7Global Value Chain-2023E EDA & IP-At the Heart of Accelerating Electronics Innovation 899279 3-4 DE EDA & IP $17.8B 774 Embedded Software Foundry Semiconductors Electronic Systems $15.9B $125B $569B $1.88T Sources: ESD Alliance, Ipnest, MarketsandMarkets, IC Insights (2023) synopsys © 2023 Synopsys, Inc. 7 10:15#8Blue Chip, Diversified Customer Base น 1011 0100 Semiconductors Semi R&D (including EDA) is a top investment priority for semi and system customers in all phases of the business cycle • Consists of virtually all semiconductor companies in the world, including all of the top 20 One >10% customer in FY23 Systems ~45% of our revenue comes from systems companies Systems companies develop chips as an input to an end product, rather than selling the chip itself Verification challenges are rapidly growing at the intersection of hardware and software • Software Developers Key function across all industries: semis and systems, to enterprises in segments such as financial services, medical devices, automotive, and industrial Targeting software developers, DevOps groups, corporate security teams synopsys © 2023 Synopsys, Inc. 8#9Dynamic Change in Many Markets Drives Opportunity HPC, Data Center (Al accelerators) Networking Mobile/5G Automotive AR/VR Healthcare A Industrial Automation Memory PC/Gaming Enterprise Software Financial Services Government & Aerospace Silicon Proliferation Driven by demand for Smart Everything Software-defined Systems New applications, new methodologies Artificial Intelligence Exponential productivity and efficiency gains synopsys © 2023 Synopsys, Inc. 9#10Synopsys: Leading Silicon to Systems Design Solutions Uniquely Positioned for Growth and Stability Robust End Markets Clear Technology Leadership Financial Strength and Growth synopsys U1 © 2023 Synopsys, Inc. 10#11Synopsys at the Heart of Chip Design, From Silicon to Systems Design Solutions Software Software: Application security & quality testing Systems IP: Broadest portfolio of interface, foundation & physical IP System: HW/SW verification, IP virtual prototyping, VIP and models Silicon: Tools for process optimization, CAD, lithography & yield optimization Software: Digital & AMS, Design Best QoR, Highest productivity Solutions: Automotive, low power, SLM, multi-die, DTCO, memory, photonic IC Silicon synopsys © 2023 Synopsys, Inc. 11#12Leader in EDA • Market and technology leader in EDA, the tools and technologies used to design semiconductor chips and systems - ~$10.6 billion market*; generally tracks semiconductor R&D spend over time Growth drivers: all aspects of chip and system complexity • All leading semiconductor companies in the world · use Synopsys technology State-of-the-art design and verification solutions with unmatched global support * 2023; Source: ESD Alliance, Internal estimates synopsys Synopsys Confidential Information © 2023 Synopsys, Inc. 12#13Synopsys.aiTM: Industry's First Full-Stack, Al-Driven EDA Suite For design, verification, testing & manufacturing of digital and analog chips AI synopsys Synopsys.a System Architecture Design Capture Verification Implementation Design Space Optimization Verification Space Optimization Achieve power, performance and area (PPA) targets, and boost productivity with DSO.ai Faster functional testing closure, higher coverage and predictive bug detection with VSO.ai Signoff Test & SLM Silicon Manufacturing Test Space Optimization Automated test generation resulting in fewer, optimized test patterns with TSO.ai Analog and Manufacturing Rapid migration of analog designs and development of lithography models © 2023 Synopsys, Inc. 13#14Synopsys Digital Design SYNOPSYS DIGITAL DESIGN FAMILY SYSTEM DESIGN 3DIC Compiler DIGITAL DESIGN RTL Architect Test Fusion Design Compiler NXT IC Compiler II TestMAX Signoff Fusion PrimeTime, PrimeShield PrimePower PrimeLib PrimeClosure synopsys Fusion Compiler CLOUD BIG DATA Fusion Architecture #1 Anchors: synthesis, P&R, signoff • Fusion of algorithms, engines, data model . • Innovative Products Market Leadership • Two fusion types: test and signoff . • Industry-unique Fusion Compiler Design Compiler NXT, TestMAX, IC Validator NXT PrimeShield, PrimeClosure, RTL Architect ML-enhanced tools, Al-driven apps: DSO.ai and TSO.ai Accelerating Al, automotive, and multi-die systems Cloud-ready StarRC IC Validator NXT Formality/Formality ECO RedHawk Analysis Fusion Yield Explorer 20% Better QOR 2X Faster TAT POST SILICON Monitor IP SiliconDash © 2023 Synopsys, Inc. 14#15Verification Hardware: ZeBuⓇ Server 5 Highest performance for large workloads. Performance and throughput 2X higher than prior generation Ready for largest, multi-die designs Unmatched reliability 99.9+% projected uptime Best datacenter scalability through power and footprint synopsys Synopsys ZeBu Server#16Efficient Design Implementation for Multi-Die Systems UNIFIED EXPLORATION-TO-SIGNOFF 3DIC COMPILER Exploration & Creation Implementation System Signoff Complete architecture-to-signoff solution in a consolidated user environment End-to-end solution for DIE-TO-DIE IP UCle Die-to-Die IP PHY Controller Security Common Fusion Data-model efficient 2.5D and 3D multi-die system integration Verification IP Scalable 100s of billions of transistors Productive Fast exploration & design Golden Signoff Convergence to optimal PPA/mm3 Complete PHY, Controller, VIP... synopsys Delivers up to 4Tbps bandwidth in a multi-module configuration Enables ultra-low latency link between two dies Secure Opt. Authentication Engine Robust Based on Proven IP © 2023 Synopsys, Inc. 16#17Leader in Design IP • · • · #2 market share in IP, the reusable building blocks that are used for chip designs Leading supplier of interface, memory, analog and physical IP - ~$7.2 billion market*, benefitting from our customers' move to outsourcing more and more complex IP IP reuse reduces our customers' chip design costs, lowers risk and speeds time to market Serving high impact, growing markets (IoT, Automotive, Security, Cloud Computing), advanced processes & protocols ~25 years of investment and commitment resulting in unmatched portfolio breadth, quality and reliability * 2023; Source: IPnest, Internal estimates synopsys Synopsys Confidential Information © 2023 Synopsys, Inc. 17#18Broadest and Most Comprehensive IP Portfolio SYNOPSYS IP PORTFOLIO Software DDR/HBM PCle PHY PHY HDMI/DP PHY USB PHY 10G to 224G PHY Die-to-Die PHY C/D-PHY M-PHY CPUs MPUS DDR/HBM PCle controller controller HDMI/DP USB Ethernet Die-to-Die controller controller controller controller Safety Security CSI DSI UFS UniPro AMBA 4 AXI, AMBA 3 AXI & AMBA 2.0 AHB DSPs AI & ML Processor Subystems IP ADCs DACs Peripherals (Timer, SSI, 12S, UART) Embedded Memories (TCAM, SRAM, ROM, NVM) SD/eMMC controller BLE 5 Link Layer GPIOs, LVDS PVT Sensors SD/eMMC PHY BLE Radio synopsys ARC Processor IP Datapath, incl. Floating Point Elements Logic Libraries Digital IP Physical IP Broadest Portfolio Foundation IP, analog, interfaces, security, processors, subsystems Highly Differentiated Delivering IP at the cutting edge of technology and functionality across key markets Competitive Differentiation Unmatched global engineering team dedicated to quality © 2023 Synopsys, Inc. 18#19High-Impact Markets: Increasing Technology Complexity Driving Growth in Third-Party IP Demand ΑΙ Machine Learning, Deep Neural Networks Automotive Cloud ADAS, Infotainment, Connected Vehicle Networking, Servers Al Accelerators loT Smart Home, Industrial, Wearables synopsys © 2023 Synopsys, Inc. 19#20Leader in Software Integrity • • ● • Assembled and developed the broadest portfolio of solutions on the market; >$0.5 billion TTM revenue Solutions that enable organizations to manage application security, quality and compliance risks at the speed their business demands Approximately $2.5-3 billion served market: fragmented, with numerous point solutions; recognition of cost of software failure has increased dramatically Serving organizations in sectors ranging from embedded (including semis, systems) to enterprise (including financial services, medical, industrial, automotive) Source: Gartner, Forrester, IDC, other external and internal analyses (2023) synopsys Synopsys Confidential Information 2023 Synopsys, Inc. 20 20#21Services SaaS synopsys Software Software Integrity Portfolio Static Analysis Coverity Open Source Analysis Black Duck Developer Plug-in Code Sight Polaris Software Integrity Platform Dynamic Analysis WhiteHat Security Testing Services Interactive AST Seeker AST Orchestration Intelligent Orchestration M&A Audits Fuzzing Defensics Correlation/Prioritization Software Risk Manager Static Analysis fAST Static Open Source Analysis fAST SCA AppSec Programs, Strategy and Implementation © 2023 Synopsys, Inc. 21#22ABILITY TO EXECUTE The Recognized Leader in Application Security Testing Gartner Magic Quadrant for Application Security Testing Forrester Wave™: FORRESTER Static Application Security Testing Contenders Strong Performers Leaders Forrester Wave™: Software Composition Analysis Challengers Contenders Strong Performers CHALLENGERS Synopsys Ⓡ LEADERS Challengers Stronger current offering Synopsys Veracode GitLab Checkmarx Open Text HCL Software Snyk GitHub Onapsis Sonatype Mendio Parasoft O Synopsys® Veracode Synopsys Micro Focus CAST SonarSource Contrast Security WhiteHat Security. O Perforce Software NICHE PLAYERS VISIONARIES COMPLETENESS OF VISION As of April 2023 Gartner, Inc Gartner Sources: Gartner, Forrester. synopsys® Weaker current offering Weaker strategy Checkmarx HCL Software - GitHub GitLab Stronger current offering Synopsys® Aqua Security GitHub ( GitLab Weaker current offering Stronger strategy Weaker strategy Synopsys Sonatype Mend.io Checkmarx O Snyk Revenera O Veracode Palo Alto Networks O JFrog Leaders Stronger strategy © 2023 Synopsys, Inc. 22#23Synopsys: Leading Silicon to Systems Design Solutions Uniquely Positioned for Growth and Stability Robust End Markets Clear Technology Leadership Financial Strength and Growth synopsys U1 © 2023 Synopsys, Inc. 23#24Excellent Financial Execution Revenue (M) $5,082 $4,204 $3,685 $3,361 $5,843 $6,570 $6,630 (12.4-13.5% y/y) Non-GAAP EPS $6.84 $5.55 $4.56 $8.90 $11.19 $13.33 $13.41 (19.1-19.8% y/y) FY19 FY20 FY21 FY22 FY23 FY24E* FY19 FY20 FY21 FY22 FY23 FY24E* Recurring revenue model with $8.6B non-cancellable backlog * FY24E reflects guidance provided as of November 29, 2023 synopsys® Strong financial execution while investing for long term growth © 2023 Synopsys, Inc. 24#25Cash Flow & Capital Allocation Operating Cash Flow (M) $991 $801 $1,739 $1,703 $1,493 ~ $1,400 FY19 FY20 FY21 FY22 FY23 FY24E* • Roughly tracks EBITDA less cash taxes on multi year basis • • It is important to consider multi-year averages, as operating cash flow is inherently lumpy * FY24E reflects guidance provided as of November 29, 2023 synopsys® Stock Repurchases (M) $329 $242 FY19 FY20 $788 $1,206 $1,100 FY21 FY22 FY23 Repurchased ~$3.7B in stock since 2019 Capital allocation priorities: - Internal investments - Buybacks and acquisitions © 2023 Synopsys, Inc. 25#26GAAP to Non-GAAP Reconciliation1 Earnings Per Share―Full Fiscal Year 2024 Targets Range for Fiscal Year Ending October 31, 2024 Low High Target GAAP earnings per diluted share attributed to Synopsys Adjustments: $ 9.07 $ 9.25 Amortization of intangible assets 0.69 0.66 Stock compensation 4.90 4.82 Tax adjustments (1.33) (1.32) Target non-GAAP earnings per diluted share attributed to Synopsys $ 13.33 $ 13.41 Shares used in non-GAAP calculation (midpoint of target range) 156,000 156,000 1 Synopsys' fiscal year 2024 has one extra week and will end on November 2, 2024. For presentation purposes, we refer to the closest calendar month end. For additional information about the measures Synopsys uses to evaluate its core business operations, please review the earnings press release and Item 2.02 of the Current Report on Form 8-K filed on November 29, 2023. synopsys © 2023 Synopsys, Inc. 26#27GAAP to Non-GAAP Reconciliation 1, 2 Operating Margin-Midpoint of Fiscal Year 2024 Targets At midpoint of revenue and expense guidance ranges GAAP operating margin Amortization of intangible assets Stock compensation Target non-GAAP operating margin Twelve Months Ending October 31, 2024 23.9% 1.6% 11.5 % 37.0% 1 Synopsys' fiscal year 2024 has one extra week and will end on November 2, 2024. For presentation purposes, we refer to the closest calendar month end. 2 These numbers represent the midpoint of targets in the prepared remarks provided on November 29, 2023, and do not represent official guidance for fiscal year 2024. For additional information about the measures Synopsys uses to evaluate its core business operations, please review the earnings press release and Item 2.02 of the Current Report on Form 8-K filed on November 29, 2023. synopsys © 2023 Synopsys, Inc. 27#28Smart Future ESG Strategy Our Smart Future ESG strategy provides a framework to assess and manage the ESG matters that are relevant to our business, generate value for our stockholders, and at the same time, make meaningful progress with respect to environmental and social issues within our ecosystem, such as climate action, inclusion and diversity in our workforce, and social impact in our communities. Our strategy considers the recommended disclosures in the Sustainability Accounting Standards Board (SASB) Software & IT Services Standard and the 2021 GRI Standards • Reporting aligns with the Task Force on Climate-related Financial Disclosures (TCFD), the United Nations Sustainable Development Goals (UN SDGs) · Synopsys reports to the CDP as part of our disclosure efforts Synopsys IMPACT Environment Optimizing our own n operational footprint Our People Synopsys SMART FUTURE Sustainable | Just | Secure Social impact tainability Industry INFLUENCE Cybersecurity Supply those we partner and work with Influencing © 2023 Synopsys, Inc. 28#29Synopsys ESG Progress Highlights • Environment We are committed to taking climate action to limit global warming to 1.5°C above preindustrial levels by reducing our company-wide greenhouse gas (GHG) emissions and mitigating our environmental impacts. Recent efforts include: Obtaining validated Science Based Targets initiative (SBTI) GHG emissions targets for Scope 1, 2 and 3 Joining the U.S. Environmental Protection Agency's (EPA) Green Power Partnership to show our commitment to renewable energy Mitigating approximately 50% of our calendar year 2022 North America energy demand through the Azure Sky Wind Farm VPPA Our low power platform of products and solutions enables our customers to achieve an additional 25% power reduction for the systems-on-a-chip (SoCs) they design Social ~30% representation of women on the Board of Directors . Increased total representation of women globally to 24.9% in FY 2022 . Donated $4.7M to charities in calendar year 2022, focused on STEM education, communities in which we work, and environmental sustainability Governance • Obtained ISO 22301 certification, the international standard for Business Continuity Management Systems to help safeguard our business operations For more details, please visit www.synopsys.com/smartfuture © 2023 Synopsys, Inc. 29#30Thank You Synopsys®