Pure Storage Investor Presentation — November 2019

Document content

© 2018 PURE STORAGE INC. 1Q3 FISCAL 2020RESULTS

2019 PURE STOREAGE INC.© 2019 PURE STORAGE INC. 2FORWARD LOOKING STATEMENTS

AND NON- GAAP INFORMATION

This presentation contains “forward -looking” statements that are based on our beliefs and assumptions and on information current ly available to us. Such forward -

looking statements include statements concerning our possible or expected future financial or operating results, business str ategies, product development plans,

technical and business advantages, competitive position, industry trends and potential growth opportunities. Forward -looking sta tements include all statements that are

not historical facts and can be identified by terms such as “anticipate,” “believe,” “could,” “seek,” “estimate,” “intend,” “ may,” “plan,” “potential,” “predict,” “project,”

“should,” “will,” “would” or similar expressions and the negatives of those terms.

Forward -looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, p erformance or achievements to differ

materially from any future results, performance or achievements expressed or implied by the forward -looking statements, includin g risks, uncertainties and other factors

relating to our financial guidance, results and growth, technological leadership and market opportunity, introduction of new fun ctionality and products, acceptance of our

products and business model, customer spending priorities, our competitive position and industry dynamics, and relationships with third parties, including partners and

customers and contract manufacturers. Additional risks, uncertainties and other factors are included under the captions "Risk Factors" and "Management's Discussion

and Analysis of Financial Condition and Results of Operations," in our reports and registration statement previously filed with the SEC, which are available on our website

at investor.purestorage.com and on the SEC's website at www.sec.gov .

Forward -looking statements represent our beliefs and assumptions only as of the date of this presentation. Except as required b y law, we assume no obligation to

update these forward -looking statements publicly, or to update the reasons actual results could differ materially from those ant icipated in the forward -looking statements,

even if new information becomes available in the future.

This presentation includes certain non -GAAP financial measures as defined by SEC rules. As required by Regulation G, we have pro vided reconciliations of those

measures to the most directly comparable GAAP measures, which are available in the Appendix. We have not reconciled guidance fornon- GAAP gross margin and non -