#1NIGHTHAWK PRO GAMING NETGEAR NETGEAR NETGEAR NETGEAR NETGEAR NETGEAR Erin 11 NETGEAR NETGEAR ||| 2/2 Access Points WiFi Office Connected to cloud: 2/2 2 Switches ed Settings مهما dit Network 0/0 NAS B Sto 3Q18 Investor Presentation. October 25, 2018 NETGEAR Swe man/kardon Ⓡ#2Safe Harbor Disclosure This presentation contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. The words "anticipate," "expect," "believe," "will," "may," "should," "estimate," "project," "outlook," "forecast" or other similar words are used to identify such forward-looking statements. However, the absence of these words does not mean that the statements are not forward- looking. The forward-looking statements represent NETGEAR, Inc.'s expectations or beliefs concerning future events based on information available at the time such statements were made and include statements regarding: the separation of the Arlo business, including NETGEAR's ability to pursue its long-term strategies; the potential spin-off of NETGEAR's remaining interest in Arlo, including whether the spin-off will occur and, if so, the timing of the spin-off; NETGEAR's future operating performance and financial condition, expected net revenue, GAAP and non-GAAP operating margins, and GAAP and non- GAAP tax rates; expectations regarding the timing, distribution, sales momentum and market acceptance of recent and anticipated new product introductions that position the Company for growth; and expectations regarding seasonal changes in the Company's business performance. These statements are based on management's current expectations and are subject to certain risks and uncertainties, including the following: future demand for the Company's products may be lower than anticipated; consumers may choose not to adopt the Company's new product offerings or adopt competing products; product performance may be adversely affected by real world operating conditions; the Company may be unsuccessful or experience delays in manufacturing and distributing its new and existing products; telecommunications service providers may choose to slow their deployment of the Company's products or utilize competing products; the Company may be unable to collect receivables as they become due; the Company may fail to manage costs, including the cost of developing new products and manufacturing and distribution of its existing offerings; the Company may fail to successfully continue to effect operating expense savings; changes in the level of NETGEAR's cash resources and the Company's planned usage of such resources, including potential repurchases of the Company's common stock; changes in the Company's stock price and developments in the business that could increase the Company's cash needs; fluctuations in foreign exchange rates; and the actions and financial health of the Company's customers. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in such forward-looking statements. Further information on potential risk factors that could affect NETGEAR and its business are detailed in the Company's periodic filings with the Securities and Exchange Commission, including, but not limited to, those risks and uncertainties listed in the section entitled "Part II - Item 1A. Risk Factors," in the Company's quarterly report on Form 10-Q for the fiscal quarter ended July 1, 2018, filed with the Securities and Exchange Commission on August 3, 2018. Given these circumstances, you should not place undue reliance on these forward-looking statements. NETGEAR undertakes no obligation to release publicly any revisions to any forward-looking statements contained herein to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events, except as required by law. This presentation does not constitute an offer to sell or the solicitation of an offer to buy securities, and shall not constitute an offer, solicitation, or sale in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction. If an initial public offering is made, such offers will be made only by a prospectus filed with the Securities and Exchange Commission. All product and company names herein are or may be trademarks of their respective owners. 2 NETGEAR®#33 Mission Be the innovative leader in connecting the world to the Internet. NETGEARⓇ#43Q18 Highlights Record Quarterly Revenue of $400.6 million 50% Market Share in Total WiFi Networking Devices¹ 60% Market Share in Retail Switches² Successful Arlo Technologies IPO on the NYSE Acquisition of Meural Launch of Orbi Voice 4 orbi harman/kardon ¹The NPD Group/Retail Tracking Service/Networking Devices - Wireless Gateways, Range Extenders and Routers: excluding 3G, 4G Dual Band 3G/4G, LTE and Powerline/dollar sales/3 mos. ending Sept. 2018 2The NPD Group/Retail Tracking Service/Networking Devices - Switches/dollar sales/3 mos. ending Sept. 2018 NETGEAR®#5+ Strategy for Growth TECHNOLOGY INFLECTION CREATE NEW CATEGORIES $ RECURRING SERVICE REVENUE#6Mesh 5G 5G 11ax Content Streaming N SH NETGEA NIGHTHAWK Gaming NPO Key Technology Inflections New Categories PoE+ na obch ROCK CLER XIIIIIIT culturbrun 0-0-0- imunini 10 Gig AUSTRALIA Pro AV Mesh#7The NETGEAR Evolution FROM A LARGE INSTALLED BASE WITH LIMITED ENGAGEMENT... Target Customer iti ...TO A LARGE AND ENGAGED CUSTOMER COMMUNITY Acquire Customer $ Hardware Purchase $ Hardware Purchase $ Registration + Recurring Ongoing Engagement Revenue ... Add-on & Replacement Wait for Next Upgrade ΡΑΤΗ ΤΟ →15% OP MARGINS* *Non-GAAP#8NETGEARⓇ ARMOR™ R7000P NETGEAR POWERED BY ARMOR Bitdefender Threats Blocked MALICIOUS URLS BLOCKED 00 Fri Saf Sun Mon SJMBISSANIMBP Blocked 4 threat(s) Tue Wed Devices with the most threats blocked Connected Home Services circle NETGEAR® Browse MEURAL Painting Print Digital Art Sculpture Types O Drawing Photograph Motion Design and Illustration Do NIGHTHAWK PRO GAMING ... GAMING DASHBOARD Beyond an easy to read CUL the Dumaos dashboard is fully customizable control panel Pin the information that you want at your fingertips Add the R Apps you want to adjust on the fly. Ceo Filter, Network Monitoring Device Management and Quality of Service panels the power is in your hands IT QUALITY OF SERVICE Customizable Dashboard RAM Usage O GEO-FILTER NETWORK MONITORING GAMING VPN Your proximity to the server you are connected to can greatly affect your ping and lag The Geo-fter helps you connect to the optimum server by allowing connection to only the servers that are in your range setting No more shotty connections to servers hundreds of miles away Keep your leglow and your servers close **** < Back PAUSE 10 Devices Rewards Usage Filter BedTime Makenna Time Limits on Edit REWARD ✪ 2> 2 Today > 1 hr today > Teen > 4:00 AM > On >> None today CONNECTIONS > NETGEARⓇ PROSUPPORT NETGEAR® NETGEAR ProSupport for Home = Extend your standard warranty and support coverage further and get access to experts most knowledgeable about your product with NETGEAR ProSupport for Home. Stay covered, stay assured.#9NETGEARⓇ 5:06 Buffalo Bills Tire S... ▼ INSIGHT Buffalo Bills Tire Shop Selected Network {{**********/ Last Updated: September 04, 4:55 PM B Devices GC110P 10-DA-43-D8-EA-DD 192.168.1.10 Connected WAC505 08-02-8E-42-D7-OF 192.168.1.13 Connected GC728XP 8C-38-AD-64-37-68 192.168.1.9 Connected Orbi Pro 80-39-56-94-5E-E6 68.166.36.170 Connected INSIGHT MANAGEABLE DEVICES Health 8 + Å Networks GC110P > WAC505 > GC728XP > SRR60 >> A Notifications SMB Services NETGEARⓇ INSIGHT PRO ||| Organizations Last Updated: June 15, 2:26 PM Bay Coffee Sam Locations: 3 | All OK Devices: 00 RO AO H Fitness Mary H Locations: 2 | All OK Devices: 0 Bingo Resturant Mary H Locations: 2 | All OK Devices: 00 XYZ Offices Sam Locations: 3 | All OK Devices: 00 AO AO RO AO > NETGEARⓇ PROSUPPORT NETGEAR AC WiFi Business Access Point... Product: WACS10 Serial Number: 4W92715400892 Purchased on: Jul 12, 2017 Show Less A Videos Support Insight App Network Management KP NETGEAR Insight App for Easy Network Man... Articles bl lat labate Insight Managed Smart Cloud Wireless Access Point NETGEAR Insight Managed Smart Cloud... NETGEAR Community See all MYDL Intrc NET#10Connected Home Products Segment PRODUCTS AND TECHNOLOGY NETGEAR® NETGEAR#1111ax Next Gen WiFi NIGHTHAWK NIGHTHAWK R CAPACITY Handles 4X the devices (6) RANGE Up to 50% longer range 11AX SPEED 40% Higher throughput PERFORMANCE Improves battery life for clients#12Designing for the Needs of Gamers -... IIII I …………. = Guarantee Local Connection & Eliminate Lag Set Distance Monitor ernet Utilization & Total Usage Xbox One PlayStation Download Uplo Game Ping 15 799 Gaming-PC Download Web (General) Social Media Gaming mi = Prioritize Your Gaming Traffic Desktop Computer Playstation 4 Xbox One iPhone 8 Macbook Pro iPad Pro 2 Customizable C RAM Usage C NIGHTHAWK PRO GAMING 10 ard Dur Ker Free 10 10 10 25 10 35 Download O Upload O NIGHTHAWK