#1Building your last line of defense KnowBe4 Human error. Conquered.#22 Disclaimer This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements generally relate to future events or our future performance. In some cases, you can identify forward-looking statements because they contain words such as "will," "expect," "plan," "anticipate," "going to," "could," "intend," "target," "project," "contemplate," "believe," "estimate," "potential" or "continue" or the negative of these words or other similar terms or expressions that concern our expectations, strategy, priorities, plans or intentions. Forward-looking statements in this presentation include, but are not limited to, our expectations regarding branding and launch of new products under development; our expectations regarding future product performance; the anticipated expansion of our TAM, including from products under development; our expected increases in KnowBe4's ARR, revenue and expenses; our business strategy and plans and objectives of management for future operations of KnowBe4 and its subsidiaries. You should not put undue reliance on any forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved, if at all. 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The forward-looking statements contained in this presentation are also subject to other risks and uncertainties, including those more fully described in our Quarterly Report on Form 10-Q for the quarter ended March 31, 2022 and in our Quarterly Report on Form 10-Q for the quarter ended June 30, 2022 that will be filed following this presentation. In light of these risks and uncertainties, the forward-looking events and circumstances discussed in this presentation may not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements. It is not possible for us to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results or outcomes to differ materially from those contained in any forward-looking statements we make. In addition to the GAAP financials, this presentation also includes certain non-GAAP financial measures, including free cash flow, free cash flow margin, non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating income (loss) and non-GAAP operating margin. Non-GAAP measures have limitations as analytical tools and you should not consider them in isolation or as a substitute for the most directly comparable financial measures prepared in accordance with GAAP. For example, other companies, including companies in the KnowBe4's industry, may calculate similarly titled non-GAAP financial measures differently or may use other measures to evaluate their performance, all of which could reduce the usefulness of the company's non-GAAP financial measures as tools for comparison. Definitions of these measures along with reconciliations of these measures to the most directly comparable GAAP measures are included at the end of this presentation. This presentation also contains estimates and other statistical and industry data prepared by independent parties and by the Company relating to market size and growth. These data involve a number of assumptions and limitations, and you are cautioned not to give undue weight to such estimates. The Company has not independently verified the statistical and other industry data generated by independent parties and contained in this presentation and, accordingly, it cannot guarantee their accuracy or completeness. In addition, projections, assumptions and estimates of KnowBe4's future performance and the future performance of the markets in which it competes are necessarily subject to a high degree of uncertainty and risk due to a variety of factors. These and other factors could cause results or outcomes to differ materially from those expressed in the estimates made by the independent parties and by KnowBe4. 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Ⓒ2022 KnowBe4 KnowBe4#33 Our Mission Enable employees to make smarter security decisions, everyday ©2022 KnowBe4 KnowBe4#44 Key Investment Highlights TO M ●X ✔ $23B+ global opportunity addressing the human layer* Integrated AI/ML driven SaaS platform leveraging proprietary data set Easy to deploy and use for companies of all sizes in all verticals Demonstrated scale and durable growth Attractive 80%+ margins and positive FCF as of June 30th, 2022 *For further information on how we calculate our global opportunity, please see slide 21 Ⓒ2022 KnowBe4 KnowBe4#5LT 5 New-School Security Awareness SaaS Platform 76 Strong Net Promoter Score Q1 2022 Forrester Wave Leader KnowBe4 Snapshot 8000 $81M Q2 2022 Revenue 36%+ Q2 2022 YOY Revenue Growth 85%+ Q2 2022 Gross Margins S $328M Q2 2022 ARR 36%+ Q2 2022 YOY ARR Growth LA 80 25%+ H1 2022 Free Cash Flow Margin ©2022 KnowBe4 KnowBe4 All financial and operating metrics are as of and for the period ended June 30,2022. NPS Score is based on surveys completed during April 2022. We determine NPS by totaling up the responses by group and dividing the total number of survey responses. We use our NPS to gauge both customer satisfaction and the willingness to recommend our product to others See appendix for a definition on Annual Recurring Revenue. Free cash flow margin is a non-GAAP financial metric. For more information about free cash flow margin and a reconciliation of net cash provided by operating activities to free cash flow margin, see appendix.#66 Completing the Next Paradigm: Security Awareness Network paloalto NETWORKS Application traffic inspection Identity okta Verified identity for all business applications Web zscaler Decentralized and distributed enterprise IT Endpoint CROWDSTRIKE Behavior-based signature-less protection Human KnowBe4 Cloud-based security awareness platform Ⓒ2022 KnowBe4 KnowBe4#790K 80K 70K 60K 50K 40K 30K 20K 10K OK 7 Customer Count (as of June 30th, 2022) zscaler™ okta CROWDSTRIKE Balanced Growth at Scale https://www.paloaltonetworks.com/about-us 52.2K+ KnowBe4 Human error. Conquered. Zscaler Customer Count: https://ir.zscaler.com/static-files/945e5e89-15fa-4bb0-a264-853633c53859 Okta Customer Count: https://investor.okta.com/static-files/1aa6d999-32a7-44a8-b815-6676ca1f92af Crowdstrike Customer Count: https://ir.crowdstrike.com/static-files/547e5c92-3594-4eef-9dfc-9eca37b635f4 Palo Alto Customer Count: paloalto NETWORKS KnowBe4 ARR Distribution (as of June 30th, 2022) SMB ARR 52% $328M ARR 48% Enterprise ARR Ⓒ2022 KnowBe4 KnowBe4#8Verizon's 2022 Data Breach Investigations Report found that 82% of data breaches involved a human element Source: Verizon APWG reported over 1 Million phishing attacks in Q1 2022 - the highest ever reported, tripling early 2020 1000K 800K 600K 400K 200K 82% 4,000+ Ransomware attacks occur daily Reported Phishing Attacks Q1 2020 Q1 2021 Q1 2022 Gartner predicts that 30% of critical infrastructure organizations will experience a security breach by 2025 that will result in the halting of operations Source: Gartner Source: FBI ...that's over one attack every eight seconds Source: APWG 92% of organizations who paid ransom do not get all their data restored Source: Sophos Globally, 1/3rd of Organizations Experience Ransomware Attacks Weekly Source: Telstra 7.3 Days The average number of days a ransomware incident lasts Source: Coveware $265 Billion The estimated annual global cost of ransomware by 2031, with a new attack occuring every two seconds Source: Cybersecurity Ventures#9LokokokokokokoBokoko Verizon 2022 Data Breach Investigations Report ြ ၀၀၀၀၀၀၀၀၀ ၀၀၀၀၀၀ ၀၀၀ ၀၀ ၀၀၀၀၀၀ ၀၀၀၀ ၀၀၀၀၀ ooooo oooo Bololololololololo DokoBokokokokoBoBoko ooo oo oo oo ooooooo ၀၀၀၀၀၀၀၀၀၀ Figure 9. The human element in breaches (n=4,110) Each glyph represents 25 breaches. ၀၀၀၀၀၀၀၀၀ ၀ ၀၀၀၀၀၀၀| ၀ ၀ ၀၀ ၀၀၀၀၀| ၀၀၀၀၀၀၀၀ ၀၀၀၀၀၀ ၀]]] 9 Source: Verizon 2022 Data Breach Investigations Report https://www.verizon.com/business/resources/reports/2022/dbir/2022-data-breach-investigations-report-dbir.pdf Bokokoko "The human element continues to drive breaches. This year 82% of breaches involved the human element. Whether it is the Use of stolen credentials, Phishing, Misuse, or simply an Error, people continue to play a very large role in incidents and breaches alike." "Additionally, malware and stolen credentials provide a great second step after a social attack gets the actor in the door, which emphasizes the importance of having a strong security awareness program." ©2022 KnowBe4 KnowBe4