Zoom Video Communications Investor Presentation — August 2024 - Zoom Video Communications

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In addition to the financials presented in accordance with U.S. generally accepted

accounting principles ("GAAP"), this presentation includes the following non-GAAP

metrics: Revenue in Constant Currency, non-GAAP gross profit, non-GAAP gross

margin, non-GAAP R&D expense, non-GAAP S&M expense, non-GAAP G&A expense,

non-GAAP operating margin, non-GAAP income from operations, non-GAAP net

income per share or EPS, free cash flow and free cash flow margin. Non-GAAP

metrics have limitations as analytical tools and you should not consider them in

isolation or as a substitute for or superior to the most directly comparable financial

measures prepared in accordance with U.S. GAAP. There are a number of limitations

related to the use of non-GAAP metrics versus their nearest GAAP equivalents. Other

companies, including companies in our industry, may calculate non-GAAP metrics

differently or may use other measures to evaluate their performance, all of which

could reduce the usefulness of our non-GAAP metrics as tools for comparison. We

urge you to review the reconciliation of Zoom's non-GAAP metrics to the most directly

comparable GAAP financial measures, and not to rely on any single financial measure

to evaluate our business. See the Appendix for reconciliation between each

non-GAAP metric and the most comparable GAAP measure. Use of

This presentation and the accompanying oral presentation contain express and implied

“forward-looking statementsˮ within the meaning of the Private Securities Litigation Reform Act of

1995, including statements regarding Zoom's financial outlook for the third quarter of fiscal year 2025

and full fiscal year 2025; Zoom's expectations regarding financial and business trends, as well as

impacts from macroeconomic developments; Zoom's market position, stock repurchase program,

opportunities, growth strategy and business aspirations; and product initiatives, and the expected

benefits of such initiatives. In some cases, you can identify forward-looking statements by terms such

as “anticipate,ˮ “believe,ˮ “estimate,ˮ “expect,ˮ “intend,ˮ “may,ˮ “might,ˮ “plan,ˮ “project,ˮ “will,ˮ “would,ˮ

“should,ˮ “could,ˮ “can,ˮ “predict,ˮ “potential,ˮ “target,ˮ “explore,ˮ “continue,ˮ or the negative of these

terms, and similar expressions intended to identify forward-looking statements. By their nature, these