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1Zoom Video Communications Q4 FY22 Earnings February 28, 2022
February 28, 2022 In addition to the financials presented in accordance with U.S. generally accepted accounting principles ("GAAP"), this presentation includes the
following non-GAAP metrics: non-GAAP gross margin, non-GAAP operating expenses, non-GAAP operating margin, non-GAAP operating income,
non-GAAP EPS, Free Cash Flow, adjusted Free Cash Flow, and adjusted 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 non-GAAP financial measures
2This presentation and the accompanying oral presentation have been prepared by Zoom Video Communications, Inc. (“Zoom”) for informational purposes only and not for any other
purpose. Nothing contained in this presentation is, or should be construed as, a recommendation, promise or representation by the presenter or Zoom or any officer, director, employee,
agent or advisor of Zoom. This presentation does not purport to be all-inclusive or to contain all of the information you may desire. Information provided in this presentation and the
accompanying oral presentation speak only as of the date hereof.
This presentation and the accompanying oral presentation contain express and implied “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of
1995, including statements regarding Zoom's financial outlook for the first quarter and full fiscal year 2023; Zoom's expectations regarding financial and business trends; Zoom's market
position, opportunities, growth strategy and business aspirations; product initiatives and the expected benefits of such initiatives; and Zoom's stock repurchase program. In some cases, you
can identify forward-looking statements by terms such as “anticipate, ” “believe, ” “estimate, ” “expect, ” “intend, ” “may, ” “might, ” “plan, ” “project, ” “will, ” “would, ” “should, ” “could, ” “can, ” “predict, ”
“potential, ” “target, ” “explore, ” “continue, ” or the negative of these terms, and similar expressions intended to identify forward-looking statements. By their nature, these statements are
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