Zoom Video Communications Investor Presentation — June 2020

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© 2020 Zoom Video Communications, Inc. 1Zoom Video

© 2020 Zoom Video Communications, Inc. 2Use 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 financ ial

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 reconcilia tion

between each non -GAAP metric and the most comparable GAAP measure.© 2020 Zoom Video Communications, Inc. 3Safe 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, promise or rep resentation 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 “anticipate,” “believ e,” “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. However, not all forward -looking statements contain these identifyi ng words. These statements may relate