Zoom Video Communications Investor Presentation — June 2019

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Q1 FY20 Earnings | June 6, 2019© 2019 Zoom Video Communications, Inc. 2 ConfidentialUse of non -GAAP financial measures

In addition to the financials presented in accordance with U.S. generally accepted accounting principles ("GAAP"), this prese ntation

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 and non -GAAP Free Cash Flow. 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 me asures

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 reconcilia tion

between each non -GAAP metric and the most comparable GAAP measure.© 2019 Zoom Video Communications, Inc. 3 ConfidentialSafe Harbor Statement

This presentation and the accompanying oral presentation have been prepared by Zoom Video Communications, Inc. (“Zoom”) for i nformational purposes only

and not for any other purpose. Nothing contained in this presentation is, or should be construed as, a recommendation, promis e 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 include express and implied “forward -looking statements” within the mea ning of the Private

Securities Litigation Reform Act of 1995. In some cases, you can identify forward -looking statements by terms such as “anticipat e,” “believe,” “estimate,”

“expect,” “intend,” “may,” “might,” “plan,” “project,” “will,” “would,” “should,” “could,” “can,” “predict,” “potential,” “ta rget,” “explore,” “continue,” or the negative of

these terms, and similar expressions intended to identify forward -looking statements. However, not all forward -looking statement s contain these identifying