#1CYBERARK INVESTOR PRESENTATION William Blair June 2019 R 1#2DISCLAIMER This presentation contains forward-looking statements. All statements other than statements of historical fact contained in this presentation are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only current predictions and are subject to known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from those anticipated by the forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Except as required by law, we are under no duty to update or revise any of the forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this presentation. In addition to U.S. GAAP financials, this presentation includes certain non-GAAP financial measures. These non-GAAP financial measures are in addition to, and not a substitute for or superior to, measures of financial performance prepared in accordance with U.S. GAAP. This presentation contains statistical data that we obtained from industry publications and reports generated by third parties. Although we believe that the publications and reports are reliable, we have not independently verified this statistical data. The trademarks included herein are the property of the owners thereof and are used for reference purposes only. Such use should not be construed as an endorsement of the products or services of the Company or this offering. This document may not be retained, reproduced or distributed, in whole or in part, by any means (including electronic) without the prior written consent of CyberArk Software Ltd. This document will not be left behind after this presentation, and by accepting this document and attending the presentation, you agree to be bound by the foregoing limitations. CYBERARK 2#3Pioneer and leader in privileged account security CYBERARK Innovative technology that breaks the cycle of cyber attacks Differentiated platform that is adding a critical layer of security Loyal blue-chip global customer base with large upsell opportunity Strong revenue growth and track record of sustainable profitability 3#4TODAY CYBERARK 4600 90 >50% CUSTOMERS COUNTRIES FORTUNE 500 >30% GLOBAL 2000#5PROVEN RECORD OF GROWTH & PROFITABILITY $66 2013 $9 CYBERARK $103 2014 39% 5-Year CAGR $262 LLLL $217 $22 $161 2015 2016 2017 $343 2018 Revenue Non-GAAP Operating Income 5#6MARKET LEADERS CHOOSE CYBERARK Manufacturing 20 OF THE TOP 25 Rankings 20 Ma D Insurance OF THE TOP CYBERARK 25 Rankings Sourced: CyberArk analysis based on the following industry rankings found in the links above 18 21 Telecom OF THE TOP 25 Rankings O Banks OF THE TOP 25 Rankings 22 BOOD IT Services OF THE TOP 25 Rankings 17. B Energy OF THE TOP 25 Rankings#7CIO Journal @CIOJournal WSJ Malware Targets Vulnerable Admin Accounts https://blogs.wsj.com/cio/2012/06/13/malware-targets-vulnerable-admin-accounts/ T PRIVILEGED CREDENTIALS IN THE NEWS FT 27 SecurityWeek @SecurityWeek Privileged Accounts Play Key Role in Advanced Cyber Attacks https://www.secu- rityweek.com/privileged-accounts-play-key-role-advanced-cyber-attacks 17 CBS News @CBSNews "WannaCry" Ransomware Attack Losses Could Reach $4 Billion https://ww- w.cbsnews.com/news/wannacry-ransomware-attacks-wannacry-virus-losses/ 12 The New York Times @nytimes Attack Gave Chinese Hackers Privileged Access to U.S. Systems https://ny- ti.ms/1GzmUmW Forbes @Forbes Forbes Grasping the Problem with Privileged Accounts https://www.forbes.com/sites/ richardstiennon/2013/05/16/grasping-the-problem-with-priveleged-accounts 17 Financial Times @Financial Times England's NHS Hit by Large Scale Cyber Attack https://www.ft.com/con- tent/a47a8787-6526-363d-902b-1be623a182bb 17 Bloomberg CAN BUSINESS SC Media @SCMagazine SC Privileged Account Details Are Often Shared and Can Be a Weak Entry Point for Attackers https://www.scmagazine.com/home/security-news/privileged-ac- count-details-are-often-shared-and-can-be-a-weak-entry-point-for-attackers W IGITAL Bloomberg @business Uber Hack Shows Vulnerability of Software Code-Sharing Services https://ww- w.bloomberg.com/news/articles/2017-11-22/u- is 17 CNN Business @CNNBusiness Every Single Yahoo Account was Hacked - 3 Billion in All https://mon- ey.cnn.com/2017/10/03/technology/business/yahoo-breach-3-billion-accounts/ Information Week @IW_Digital Watch the Watchers: Trusted' Emploees Can Do Damage https://www.darkread- ing.com/vulnerabilities-threats/watch-the-watchers/d/d-id/1138410 12 Infosecurity Mag @InfosecurityMag Privileged Accounts at Root of Most Data Breaches https://www.infosecurity-magazine.com/news/privileged-accounts-at-root-of/ USA TODAY @USATODAY USA TODAY Privileged Accounts: The Master Keys Hackers Know Best https://www.usatoday.com/ 2013/05/31/corporate-intrusions-hacking-privileged-user-accounts-2375815/ 7#8CYBERARK'S MISSION 14 CYBERARK Provide a critical layer of PRIVILEGED SECURITY To protect against advanced cyber threats 8