#1Sumo Logic Empowering Modern Business Updated: October 2020 SU mo sumo logic#2Disclaimer This presentation and the accompanying oral presentation (collectively, the "presentation") has been prepared by Sumo Logic, Inc. ("Sumo," the "Company," "we," "us" or similar terms) for informational purposes only. Nothing contained in this presentation is, or should be construed as, a recommendation, promise or representation by the presenter or Sumo. This presentation does not purport to be all-inclusive or to contain all of the information you may desire. This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terms such as "anticipate," "believe," "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 identifying words. These statements may relate to our growth strategy, our estimated and projected results of operations or financial condition, or our plans and objectives for future operations, growth, initiatives, or strategies, and other matters. By their nature, these statements are subject to numerous uncertainties and risks, including factors beyond our control, that could cause actual results, performance or achievement to differ materially and adversely from those anticipated or implied in the statements. These risks and uncertainties are described in greater detail under the heading "Risk Factors" in the final prospectus that we have filed with the Securities and Exchange Commission (the "SEC") on September 17, 2020. 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 may make. Although our management believes that the expectations reflected in our statements are reasonable, we cannot guarantee that the future results, levels of activity, performance or events and circumstances described in the forward-looking statements will be achieved or occur. Recipients are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date such statements are made and should not be construed as statements of fact. Except to the extent required by laws, we undertake no obligation to update any information or any forward-looking statements as a result of new information, subsequent events, or any other circumstances after the date hereof, or to reflect the occurrence of unanticipated events. This presentation also contains estimates and other statistical data made by independent parties and by us relating to market size and growth and other data about our industry. This data involves a number of assumptions and limitations, and you are cautioned not to give undue weight to such estimates. In addition, projections, assumptions, and estimates of our future performance and the future performance of the markets in which we compete are necessarily subject to a high degree of uncertainty and risk. In addition to financial information presented in accordance with U.S. generally accepted accounting principles ("GAAP"), this presentation and the accompanying oral presentation include certain non-GAAP financial measures, including Non-GAAP gross profit, Non-GAAP gross margin, Non-GAAP operating loss, Non-GAAP operating margin, Non-GAAP operating expenses and free cash flow. These non-GAAP measures are presented for supplemental informational purposes only and should not be considered a substitute for financial information presented in accordance with GAAP. These non-GAAP measures have limitations as analytical tools, and they should not be considered in isolation or as a substitute for analysis of other GAAP financial measures. A reconciliation of these measures to the most directly comparable GAAP measures is included with this presentation. This presentation shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of any securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. sumo logic 2#3Sumo Logic at a glance Pioneering category of Continuous Intelligence 1 2 3 4 5 Cloud-native platform for security, business and operational intelligence Leveraging cloud scale and elasticity for reliability and pricing advantages Broad customer base includes digital-native and cloud transformation adoption Consistently strong revenue growth at scale sumo logic Revenue ($mm) Large Customer Contribution Total Revenue $68 FY 2018 Total Growth YoY Large Customer Contribution Customers 1,600+ FY 2018 $104 FY 2019 53% 2% 1,900+ FY 2019 $155 FY 2020 50% 7% 2,100+ FY 2020 3#4Digital transformation is driving cloud adoption 23andMe SaaS Instances (¹) ~3x Increase 2016 - 2021 sumo logic cardlytics Alaska AIRLINES ESENTIRE GENESYS Coincheck h houzz LAND LAKES freshworks Public Cloud Spend(2) $233Bn 2019 $513Bn 2023 one medical goibibo Notes 1. Cisco, Cisco Global Cloud Index: Forecast and Methodology, 2016-2021 White Paper, November 2018. 2. International Data Corporation (IDC), Worldwide Public Cloud Services Spending Forecast to Reach $210 Billion This Year, According to IDC, February 2019. 3. IDC, Worldwide Global DataSphere Forecast, 2020-2024: The COVID-19 Data Bump and the Future of Data Growth, April 2020. 4. Alphawise CIO Survey, July 9, 2020 Pokémon JFrog Data Growth 140Zb by 2024(3) qualtrics.com lendingtree 吾 SP5 pitney bowes ULTA BEAUTY CLOUD MIGRATION Razorpay SWIGGY xero Highest IT Priorities Post-COVID(4) #1 Digital Transformation #2 Cloud Computing #3 Security Software 4#5Five requirements of digital business Modern application architectures P w ‒‒‒ ס יוון sumo logic DOO Multi-cloud adoption Continuous security & & Continuous collaboration Data-driven intelligence Digital transformation and data growth increase complexity, driving intelligence gaps Closing the gaps requires a new category of software, Continuous Intelligence Win in the Intelligence Economy with Sumo Logic Continuous Intelligence Platform™ 5#6Transforming complexity into continuous intelligence Analytics Apps & Services Social Unstructured Structured, and Semi-Structured Data Microservices Containers sumo logic Security Servers loT Metrics Events Logs Traces ■ Predict & Optimize ■ Search & Investigate Collect & Centralize <-0 SU mo ML/AI N Monitor & Visualize Alert & Notify $2² Delivering real-time analytics and insights for all 23 IT Operations 32² Support Developers Security 223 Business 6#7Sumo Logic: Industry's first and only cloud-native Continuous Intelligence Platform™ Real-time True SaaS sumo logic Operational Intelligence Application Status Dashboard with Logs and Metrics Metrics Application Key Performance Indicators System Performance Top 10 By Memory Mw Logs Application Erroe Analysis All types of machine data www 0 110 Industry insights Multi-tenant elastic scale 08 Security Intelligence A 11 2 & Community insights 13 minutes 3 Global Intelligence 11 Flexible licensing Cloud-native Platform >0 Actionable insights Business Intelligence Business Overview Travel Booking Status a B 0 www.a YO Machine learning & advanced analytics 8.84k Data science insights Security 1st principle و ا م می 7#8Platform growth 873 Petabytes 1.6 Quadrillion Average data scanned per day Average events scanned per day sumo logic Service usage for the month of July 2020 27.1 Exabytes 50 Quadrillion Total data scanned in month Total events scanned in month 542 Bytes 18.6 Billion Average event size Events scanned per second 8#9Broadest cloud-native, analytics functionality across your DevSecOps use cases Continuous Intelligence for DevSecOps One platform, broad ML/Al capabilities | multiple use cases | Software Development Optimization | Tiered Data | Credits | Packaging 2010 sumo logic Comprehensive Observability Analytics Application reliability: Monitor, diagnose and troubleshoot | Logs • Metrics Traces Security Analytics and Cloud SIEM ML/AI-powered threat investigation and SOC automation | Apps • Endpoints SaaS Compliance and Audit Broad security and compliance attestations | HIPAA SOC 2 Type 1 ● Cloud Native Log Analytics Infrastructure, app monitoring, and Troubleshooting | SaaS Cloud ● PCI FedRAMP ● Machine Data ● APM Microservices Cloud • Hybrid 9#10Strong and growing customer base Total Customers 2,100+ customers 125K+ users sumo logic Notes 1. All figures on this slide are as of July 31, 2020, unless otherwise specified X² 23andMe ESENTIRE h houzz one medical™ Razorpay Targeting All Verticals Alaska. AIRLINES freshworks JFrog POKÉMON P5 cardlytics 8 GENESYS LANDO LAKES pitney bowes SWIGGY CULTA BEAUTY Coincheck goibibo lendingtree qualtrics.M xero 10#11Market Opportunity and Landscape sumo logic#12DevSecOps requires more data to enable analytics and provide actionable intelligence sumo logic On-Call Engineer SRE / SEC Ops SVC Owner/ SOC Analyst 1 2 3 Monitor & Detect Isolate & Diagnose Troubleshoot & Remediate Source: Based on Sumo Logic Internal Analysis "What" "Where" "Why" "How" -15% of data -30% of data ~55% of data 12#13Addressing large and growing market opportunity 2020 Total Addressable Market Opportunity ($ in Billions) $12.1 IT Operations Management (ITOM) Software IT / DevOps sumo logic $4.5 $3.9 Software Change and Advanced and Predictive Configuration Analytics Software Management $4.5 Al Software Platforms $5.0 Source: IDC Semiannual Software Tracker Forecast 2014-2023 H12019 IDC, published 14 November 2019 Content Analytics and Search Software Big Data & Analytics $15.0 End-User Query, Reporting, and Analysis $10.1 Security Analytics, Intelligence, Response, and Orchestration Security $55.1 Total 13#14Multiple vectors to drive growth ह Channels & Alliances & Use Case Expansion Cross-sell DevSecOps use cases sumo logic वाणी Innovation AI/ML, analytics, security Sales Expansion Direct and partner capacity & coverage Technology & GTM (ISVS, MSP/MSSPs and VARS) partnerships Business Expansion FED/SLED & International- Europe & Asia 14#15Visionary leadership team and culture Our Values KI We're in it with our customers Sumo Logic named One of the 2019 Best Workplaces in Technology by: sumo logic Bring light to dark One single agenda Work with heart Learning culture GREAT PLACE TO WORK® FORTUNE Ramin Sayar President & CEO Steve Fitz Chief Revenue Officer Christian Beedgen Co-Founder and CTO Aaron Feigin Chief Comm. Officer Sandeep Khanna Chief Development Officer Sydney Carey Chief Financial Officer Kiki Haar General Counsel Shea Kelly Chief People Officer Suku Krishnaraj Chief Marketing Officer Bruno Kurtic Founding VP of Product & Strategy 15#16Financial Highlights and GTM sumo logic#17Multidimensional go-to-market model Self Serve sumo logic 1000 Land & Expand Enterprise Mid market SMB Field Sales → Customer Success Inside Sales Channel & Alliances MSPs / MSSPS ISVS Distributors & resellers 17#18Certification outcomes LOGIC owns Certification Levels CERTIFIED SEARCH MASTERY Foundational Certification SUMO LOGIC SUMO LOGIC FUNDAMENTALS 1 SUMO L CERTIFIED METRICS MASTERY LOGIC CERTIFIED sumo logic 000 CERTIFIED DHE 20 OMINISTRATION 5 SUMO LOC KUBERNETES ON Notes 1. As of Q2'FY21 SUMO L CERTIFIED Advanced Certifications LOGIC SECURITY 8 SUMO LOGIC CERTIFIED U . COMPLIANCE Cumulative Certifications 22,000+(¹) Q2'18 Q3'18 Q4'18 Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21 18#19Large and expanding customer base Average Revenue per Customer # of Customers > $100K ARR # of Customers > $1mm ARR sumo logic NRR(2) FY 2019 -$55,000 234 Notes 1. For a description of how we calculate DBNR, please see the Appendix 2. For a description of how we define ARR, please see the Appendix 17 120%+ FQ2 2021 ~$90,000 330 29 Growth +64% +41% +71% Last 10 Quarters 19#20Financial services land & expand Rapid expansion as digital initiatives take hold ARR expansion: 3.7x in 2 Years Use cases: • Operational Intelligence ● Security Intelligence ● $.5MM Apr 2017 Initial Land sumo logic Notes 1. For a description of how we define ARR, please see the Appendix $1.5MM Jun 2018 Cross-Sell Security Use Case ARR $1.8MM May 2019 Upgrade 20#21ARR cohort Compelling land and expand with cohorts Average cohort expansion CAGR: >35% Customers >$1M ARR have expanded more than 10x on average since initial land FY13 2020 2019 2018 2017 2016 2015 2014 2013 sumo logic FY14 FY15 Notes 1. For a description of how we define ARR, please see the Appendix FY16 FY17 FY18 FY19 21 FY20#22Financial highlights Category leadership $166M LTM revenue 42% LTM revenue growth sumo logic Predictable model 99% subscription revenue 120%+ Dollar-based net retention (4) (1) Strong customer base 2 & 2,100+ total customers Notes 1. All figures on this slide are as of July 31, 2020, unless otherwise specified 2. For a description of how we define ARR, please see the Appendix 3. For a description of how we calculate DBNR, please see the Appendix 4. Over the last ten quarters Significant enterprise contribution Scalable business model 个 Strong and expanding gross margins Flexible SaaS licensing model Land & expand 330 customers >$100K ARR 29 customers >$1mm ARR Growth vectors حمد Significant increase in sales capacity International and channel expansion 22#23Growth at scale Quarterly Revenue ($M) ■Revenue Large Customer Contribution 21.4 1Q19 25.0 2Q19 27.0 sumo logic 3Q19 30.4 4Q19 Total Growth YoY Growth Rate Excluding Large Customer 32.5 1Q20 37.8 2Q20 51% 46% 40.5 3Q20 50% 41% 44.3 4Q20 46% 36% 47.2 1Q21 45% 40% 49.4 2Q21 31% 27% Annual Revenue ($M) 68 FY 18 104 FY 19 53% 51% 155 FY20 50% 42% 23#24Investing in sustainable and defensible growth Non-GAAP Operating Margin(1) (44%) FY2018 (40%) FY2019 sumo logic (38%) FY2020 (35%) Q12021 (11%) Q22021 Notes 1. This graphic contains certain non-GAAP financial measures. For a description of how we calculate such non-GAAP financial measures and a reconciliation to the nearest corresponding GAAP measure, please see the Appendix Non-GAAP Expenses as % of Revenue (1) 75% 67% 62% 36% 13% FY2018 FY2019 FY2020 Q12021 46% 27% 13% Q22021 Gross Margin Sales & Marketing Research & Development General & Administrative 24#25Improving contribution margin shows path to profitability $10.1 ($19.8) (97%) FY18 ARR sumo logic 48% $14.6 Source: Company Filings Notes ($7.6) FY19 Allocated Costs 1. For a description of how we define ARR, please see the Appendix 2. For a description of how we calculate DBNR, please see the Appendix 55% $18.3 ($8.2) Contribution Margin % FY20 Initial investment drives high lifetime returns ● ● ● Initial investment in customer acquisition costs Ramp in sales team in FY18 Expansion in adoption across business units increases data ingestion Light touch, frictionless expand motion 25#26Now is the time for Sumo Logic 1 2 3 4 5 Massive tailwinds from cloud, security, and digital transformation New licensing model and capabilities accelerate the use of our DevSecOps Platform Poised to penetrate $50Bn TAM and massive data analytics opportunity Strong growth in new and existing customers while improving operating efficiencies Continued investments in S&M and our Continuous Intelligence Platform to drive long-term success sumo logic 26#27Thank you sumo logic S m See business differently with continuous intelligence u O#28GAAP to Non-GAAP reconciliation $ in MM Revenue GAAP Gross Profit Stock-Based Compensation Amortization of Acquired Intagible Assets Non-GAAP Gross Profit Non-GAAP Gross Margin (%) GAAP Operating Profit (Loss) Stock-Based Compensation Amortization of Acquired Intagible Assets Acquisition-related expenses Impairment of capitalized internal-use software Non-GAAP Operating Profit (Loss) Non-GAAP Operating Profit (Loss) (%) sumo logic Q3'19 27.0 19.9 0.01 0.1 20.0 74% (11.6) 1.4 0.1 Q4'19 30.4 22.0 0.02 0.1 22.1 73% (12.4) 1.6 0.1 (10.1) (10.7) (37%) (35%) Q1'20 32.5 23.6 0.02 0.1 23.7 73% (15.3) 3.4 0.1 Q2'20 37.8 28.7 0.03 0.1 28.8 76% 3.4 0.1 Q3'20 (11.8) (10.7) (36%) (28%) 40.5 29.3 0.05 0.3 (14.2) (29.3) 29.7 73% 9.7 0.3 2.6 Q4'20 44.3 29.0 0.08 2.0 31.1 70% (34.3) 5.4 2.0 0.4 6.7 (16.6) (19.7) (41%) (45%) Q1'21 47.2 32.8 0.06 1.7 34.5 73% (23.5) 5.0 1.7 Q2'21 49.4 35.3 0.04 1.7 37.0 75% (11.7) 4.7 1.7 FY18 (16.7) (35%) (11%) 67.8 45.4 0.1 0.1 45.6 67% (32.4) 2.8 0.4 (5.3) (29.6) 44% FY19 103.6 74.6 0.1 0.3 75.0 72% (48.2) 6.6 0.3 (41.3) 40% FY20 155.1 110.6 0.2 2.6 113.3 73% (93.1) 22.0 2.6 3.0 6.7 (58.8) 38% 28#29GAAP to Non-GAAP reconciliation $ in MM GAAP R&D Stock-Based Compensation Non-GAAP R&D GAAP S&M Stock-Based Compensation Non-GAAP S&M GAAP G&A Stock-Based Compensation Non-GAAP G&A sumo logic Q3'19 9.7 (0.4) 9.3 18.4 (0.5) 18.0 3.4 (0.6) 2.8 Q4'19 9.9 (0.5) 9.3 20.6 (0.6) 20.0 4.0 (0.5) 3.5 Q1'20 10.2 (0.7) 9.5 22.4 (0.8) 21.6 6.4 (1.9) 4.5 Q2'20 11.2 (0.8) 10.4 24.1 (1.1) 23.0 7.6 (1.5) 6.1 Q3'20 14.0 (2.5) 11.6 30.4 (2.0) 28.4 14.2 (5.2) 8.9 Q4'20 17.1 (2.0) 15.1 30.4 (1.9) 28.4 9.1 (1.5) 7.6 Q1'21 17.7 (2.0) 15.7 29.5 (1.5) 27.9 9.1 (1.4) 7.6 Q2'21 15.3 (1.8) 13.5 24.2 (1.6) 22.6 7.5 (1.2) 6.3 FY18 25.3 (0.9) 24.3 43.1 (3.8) 39.3 9.6 (0.9) 8.8 FY19 36.2 (1.6) 34.6 72.2 (4.0) 68.2 14.3 (3.1) 11.3 FY20 52.5 (5.9) 46.5 107.2 (8.9) 98.3 37.3 (10.1) 27.1 29#30Company information and definitions Fiscal Year: End January 31 ARR We define ARR as the annualized recurring revenue run-rate from all customers that are under contract or in-negotiations to renew their contract at the end of a given period. For certain customers whose revenues may fluctuate monthly based on specific contractual arrangements, we calculate ARR using the annualized monthly recurring revenue run-rate. DBNR We calculate dollar-based net retention rate for a particular quarter ("base quarter") by first identifying customers in such quarter ("base customers") and dividing the ARR in the same quarter of the subsequent fiscal year by the ARR in the base quarter. The DBNR for the base quarter is obtained by averaging the result of the base quarter with the corresponding results from each of the prior three quarters. Non-GAAP Gross Profit / Margin We define non-GAAP gross profit and non-GAAP gross margin as gross profit and gross margin, respectively, excluding stock-based compensation expense recorded to cost of revenue and amortization of acquired intangible assets. For a reconciliation of these non-GAAP measures to the closest corresponding GAAP measure, please see the Appendix. Non-GAAP Operating Loss / Margin We define non-GAAP operating loss and non-GAAP operating margin as loss from operations and operating margin, respectively, excluding stock-based compensation expense, amortization of acquired intangible assets, acquisition-related expenses, and impairment of capitalized internal-use software. For a reconciliation of these non-GAAP measures to the closest corresponding GAAP measure, please see the Appendix. Free Cash Flow Free cash flow is a non-GAAP financial measure. We define free cash flow as cash used in operating activities less purchases of property and equipment and capitalized internal-use software. For a reconciliation of free cash flow to cash used in operating activities, please see the Appendix. sumo logic 30