Box Investor Presentation — December 2020

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Third Fiscal Quarter FY21

December 1, 2020Forward -looking statements & non -GAAP financial measures

This presentation contains forward -looking statements that involve risks and uncertainties, including statements regarding Box’s expectations regarding the size

of its market opportunity, expectations regarding its leadership position in the cloud content management market, the demand forits products, expectations

regarding the impact of the COVID -19 pandemic on its business, its ability to grow and scale its business and drive operating ef ficiencies, its ability to achieve its

revenue targets and billings expectations, expectations regarding its ability to achieve profitability on a quarterly, annual orongoing basis, its expectations

regarding free cash flow, its ability to continue to grow unrecognized revenue and remaining performance obligations, the tim ingof recent and planned product

introductions, enhancements and integrations, the short -and long -term success, market adoption and retention, capabilities, and benefits of such product

introductions and enhancements, planned improvements in sales productivity rates and workforce strategy, the success of strat egic partnerships, as well as

expectations regarding the amount and timing of its revenue, billings, gross margin, GAAP and non -GAAP net income (loss) per sha re, non -GAAP operating

margins and non -GAAP operating expenses for future periods, the related components of GAAP and non -GAAP net income (loss) per sh are, and weighted -

average outstanding share count expectations for Box’s fiscal fourth quarter and fiscal year 2021.

There are a significant number of factors that could cause actual results to differ materially from statements made in this p resentation, including: (1) adverse

changes in general economic or market conditions, including those caused by the COVID -19 pandemic; (2) delays or reductions in i nformation technology