Box Investor Presentation — June 2021

Document content

Product Strategy Overview hosted

Aaron Levie , CEO and Co -founder

June 23, 2021Forward -looking statements & non -GAAP financial measures

This webcast presentation contains forward -looking statements that involve risks, uncertainties, and assumptions, including statements regarding Box’s exp ectations regarding

the size of its market opportunity, its leadership position in the cloud content management market, the demand for its produc ts,the impact of its acquisitions on future Box

product offerings, the benefits to its customers from completing acquisitions, the time needed to integrate acquired business es into Box, the impact of the COVID -19

pandemic on its business, its ability to grow and scale its business and drive operating efficiencies, its ability to achieve revenue targets and billings expectations, its ability to

achieve profitability on a quarterly or ongoing basis, its free cash flow, its ability to continue to grow unrecognized reven ue and remaining performance obligations, the timing

of recent and planned product introductions, enhancements and integrations, the short -and long -term success, market adoption an d retention, capabilities, and benefits of

such product introductions and enhancements, the success of strategic partnerships, its revenue, billings, gross margin, GAAP and non -GAAP net income (loss) per share, non -

GAAP operating margins for future periods, the related components of GAAP and non -GAAP net income (loss) per share, weighted -average outstanding share count

expectations for Box’s fiscal second quarter and full fiscal year 2022, the KKR -led investment and achievement of its potential benefits, any potential repurchase of its common

stock, whether, when, in what amount and by what method (whether by tender offer or otherwise) any such repurchase would be c onsummated, and the share price of any