#1and Hello, we're UiPath. We make software robots so people don't have to be robots. UT 1Q'2023 Investor Presentation мили Ui Path Reboot Work. TM#2Safe Harbor Statements we make in this presentation may include statements which are not historical facts and are considered forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, which are usually identified by the use of words such as "anticipates," "believes," "estimates," "expects," "intends," "may," "plans," "projects," "outlook", "seeks," "should," "will," and variations of such words or similar expressions, including the negatives of these words or similar expressions. Ui Path Reboot Work. We intend these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act and Section 21E of the Securities Exchange Act and are making this statement for purposes of complying with those safe harbor provisions. These forward-looking statements include, but are not limited to, statements regarding our financial guidance for the first fiscal quarter and fiscal year-end 2023, our expectations regarding seasonality, our strategic plans or objectives, the estimated addressable market opportunity for our platform and our position in the market, future growth opportunities, the success of our platform and new platform releases, the success of our investments in our partnerships, the success of our collaborations with third parties, the ability of our platform to deliver our customers a return on investment, and our customers' behaviors and potential automation spend. Accordingly, actual results could differ materially or such uncertainties could cause adverse effects on our results. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or olied by the forward king statements. These risks include, but are not limited to, risks and uncertainties related to: our recent rapid growth may not be indicative of our future growth; (2) our limited histo (3) our ability to successfully manage our growth; (4) our ability and the ability of our platform to satisfy and adapt to customer demands; (5) our dependency on our existing customers to renew their licenses and purchase additional licenses and products from us and our channel partners; (6) our ability to attract and retain customers; (7) the competitive markets in which we participate; (8) general market, political, economic, and business conditions; (9) our ability to maintain and expand our distribution channels; (10) our ability to retain and motivate our management and key employees and integrate new team members and manage management transitions; (11) unfavorable conditions in our industry, the market, political, economic and business conditions, including geo-political turmoil as caused by the Russian military operation in the Ukraine, (12) our reliance on third-party providers of cloud-based infrastructure; and (13) the potential impact that the COVID-19 pandemic or other public health crises and any related economic downturn could have on our or our customers' businesses, financial condition and results of operations. Further information on risks that could cause actual results to differ materially from our guidance can be found in our Annual Report on Form 10-K for the fiscal year ended January 31, 2022 filed with the SEC on April 4, 2022 and our Quarterly Report on form 10-Q for the fiscal quarter ended April 30, 2022 filed with the SEC on June 3, 2022. Any forward-looking statements contained in this presentation are based on assumptions that we believe to be reasonable as of this date. Except as required by law, we assume no obligation to update these forward-looking statements. Certain information contained in this presentation and statements made orally during this presentation relate to or are based on studies, publications, surveys and other data obtained from third-party sources and UiPath's own internal estimates and research. While UiPath believes these third-party studies, publications, surveys and other data to be reliable as of the date of this presentation, UiPath has not independently verified, and makes no representations as to the adequacy, fairness, accuracy or completeness of, any information obtained from third-party sources. In addition, no independent source has evaluated the reasonableness or accuracy of UiPath's internal estimates or research and no reliance should be made on any information or statements made in this presentation relating to or based on such internal estimates and research. Our fiscal year end is January 31, and our fiscal quarters end on April 30, July 31, and October 31. All third-party trademarks, including names, logos and brands, referenced by us in this presentation are property of their respective owners. All references to third-party trademarks are for identification purposes only. Such use should not be construed as an endorsement of the products or services of us. Non-GAAP Financial Measures and Key Performance Metric UiPath uses certain non-GAAP financial measures in this presentation, including non-GAAP gross profit and margin, non-GAAP operating expenses, non-GAAP operating income (loss) and margin and non-GAAP adjusted free cash flow and margin. Non-GAAP financial measures are financial measures that are derived from the consolidated financial statements, but that are not presented in accordance with generally accepted accounting principles in the United States, or GAAP. We believe these non-GAAP financial measures provide a useful supplement to investors, by excluding the effects of special items that do not reflect ordinary earnings of our operations. Investors should consider these non-GAAP financial measures in addition to, and not as a substitute for, our financial performance measures prepared in accordance with GAAP. Further, our non-GAAP information may be different from the non-GAAP information provided by other companies. Please refer to the Investors section of our website for a reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measures. We encourage investors to consider our GAAP results alongside our supplemental non-GAAP measures, and to review the reconciliation between GAAP results and non-GAAP measures that is included at the end of this presentation. Annualized Renewal Run-rate (ARR) is a key performance metric we use in managing our business because it illustrates our ability to acquire new subscription customers and to maintain and expand our relationships with existing subscription customers. We define ARR as annualized invoiced amounts per solution SKU from subscription licenses and maintenance obligations assuming no increases or reductions in the subscriptions. ARR does not include the costs we may incur to obtain such subscription licenses or provide such maintenance and does not reflect any actual or anticipated reductions in invoiced value due to contract non-renewals or service cancellations other than for specific bad debt or disputed amounts. Additionally, though we use ARR as a forward-looking metric in the management of our business, it does not include invoiced amounts reported as perpetual licenses or professional services revenue in our consolidated statement of operations, and is not a forecast of future revenue, which can be impacted by contract start and end dates, duration, and renewal rates. Dollar-based net retention rate represents the rate of net expansion of our ARR from existing customers over the preceding 12 months. We calculate dollar- based net retention rate as of a period end by starting with ARR from the cohort of all customers as of 12 months prior to such period end (Prior Period ARR). We then calculate the ARR from these same customers as of the current period end (Current Period ARR). Current Period ARR includes any expansion and is net of any contraction or attrition over the preceding 12 months but does not include ARR from new customers in the current period. We then divide total Current Period ARR by total Prior Period ARR to arrive at dollar-based net retention rate. Dollar-based net retention rate may fluctuate based on the customers that qualify to be included in the cohort used for calculation and may not reflect our actual performance. Investors should not 2 place undue reliance on ARR or dollar-based net retention rate as an indicator of future or expected results. Our presentation of ARR may differ from similarly titled metrics presented by other companies and therefore comparability may be limited.#3UiPath at a glance $977M 50% ARR 1,2 10,330+ ARR1,2 growth rate Global customer base² year-over-year Notes: 1. See Appendix for definition of Annualized Renewal Run-rate (ARR) and dollar based net retention rate 2. ARR, YOY ARR growth rate, dollar-based net retention rate, customer metrics as of April 30, 2022 3. Excluding the impact of Russia, DBNRR was 139% The Leader of Enterprise Automation I B 1 1,574 Customers > $100K ARR 1,2 Ui Path Reboot Work. 138% Dollar based net retention rate 1,2,3 3#4UiPath platform automates manual processes SAP UiPath software robots emulate people See Al / Computer Vision Reads the screen Think Al/Machine Learning Decides what to do Do RPA Interacts with applications via UI & API Epic A ATLASSIAN ORACLE NETSUITE alteryx Automation Layer PagerDuty bill.com muruy mongo DB DocuSign salesforce EPICOR DATADOG M smartsheet Veeva OL OF OL ***** 0 aws zuora PAYCHEX zendesk X C. CONCUR P now ADP ✔Symantec CITRIX® ⠀⠀medidata 29 Assigns automatable work to robots 26 Democratizes development Broad set of capabilities, highly differentiated I B 1 Ui Path Reboot Work. Provides a robot for every person in the company Unleashes Al across every facet of work 4#5Millions of manual processes result in lost productivity and lower job satisfaction Financial close and reporting Self-service automation E-discovery Order management Note: 1. 2. 3. Billing Data process Credit Checks CRM updates Automated testing Campaign management Risk monitoring Patient registration Chatbot integration HR recruiting FX and VAT reporting 50%+ decline in productivity growth Supply Chain execution Deal analysis and execution (1) Fraud detection Vendor management Performance management Customer on-boarding Health tracking Loan processing Customer service Data migration Trade e GDPR Comp Help desk requests Data cleansing Refund processing Payroll processing Payroll automation Lead management Tax reporting Billions of hours spent daily on manual tasks (2) Field dispatch services Legacy-system access Vendor manageme Account reconciliation Contract management Product information management Accounts rec Clinical trial and patient management Know Your Customer Cybersecu Procuremen Accounts payab M pense management ERP exception processing Supplier validation ■ M Ui Path Reboot Work. -70% Increase in apps / company last 4 years Customer management HR administration Federal Reserve Bank of St. Louis; in the United States, non-farm real output per hour grew 31% during the decade ended December 31, 2009, but only 13% in the subsequent decade ended December 31, 2019; represent decline in productivity growth relative to the prior decade Forrester 2019: New Technologies Create The Need To Design For New Categories Of Information Workers; September 2019; Estimated based on 1.25Bn knowledge workers globally WSJ, Employees Are Accessing More and More Business Apps; February 2019 Customer communications (3) Security validation HR Administration Master data management voice Processing management Employee management Appointment scheduling es analytics munications ck and trace t management mployee on-boarding Customer data integration Supplier validation Logistics operations 5#6A large, fast-growing, and transformational market opportunity Automation promises to change the nature of what an organization is, what a company does, and how work is done.11 ¹4, FORRESTER $10B 2015 (2) $17B 2020 (2) $30B 2024 (2) P The Fully Automated Enterprise $60B+ Secular tailwinds driving market expansion Need for speed and agility increasing for organizations Democratization and rise of citizen developer Software is enhancing labor Note: 1. The Future of Work, Forrester, 2019 2 IDC Intelligent Process Automation; Worldwide Intelligent Process Automation Revenue by Segment and Deployment Type, 2015-2024, published July 2020. Market definitions for Robotic Process Automation (RPA) and Intelligent Process Automation (IPA) defined by IDC 3. To estimate our current global market opportunity, we identified the number of companies worldwide across all industries with at least 200 employees, based on certain independent industry data from the S&P Capital IQ database. We then segmented these companies into three categories based on total number of employees: companies with 200-4,999 employees, companies with 5,000-19,999 employees, and companies with 20,000 or more employees. We then multiplied the number of companies in each category by the 90th percentile of ARR per customer in each such cohort as of December 31, 2020, among customers with at least $10,000 in ARR, which we believe represents a customer that has broadly deployed our platform across the enterprise, and then summed the results from each category (3) 6#7Automation Cloud The Cloud Native UiPath Platform delivered from UiPath Task Capture Automation Hub Chatbots Action Center Process Mining Task Mining DISCOVER ENGAGE Assistant Apps 21321, 34,5 Robots RUN Studio Family Document Understanding BUILD MANAGE Insights Integration Service Al Center Marketplace Orchestrator Test Manager Automation Suite The Cloud Native UiPath Platform delivered as a single, containerized suite I B 1 2 Ui Path Reboot Work. Platform Products UiPath Platform products can be individually installed and managed on prem "Start Instantly, Scale Infinitely with the UiPath Automation Cloud" 7#8Ubiquitous platform with fast time to value and strong ROI ● ● ● a End-to-end automation *As of January 31, 2022 platform Comprehensive end-to-end automation platform built across 16+ years of innovation UI Automation + API Management and Al Computer Vision enables human emulation and resiliency Deep integration with ML & AI Developer experiences from low-code to professional grade enabling widespread deployment ● ● ● I B Flexible deployment model 1 Flexible deployment and multi-cloud strategy Proven significant ROI and fast time-to-value accelerates automation flywheel 2022.40 release launched Automation Cloud Robots Automation is the next layer in the software stack -3,800 customers have adopted Automation Cloud* Ui Path Reboot Work. 1321. 34.550.89.0 Ui SIL 8#9UI Automation and Al Computer Vision -- 画 TH Accurate and robust emulation of human interaction with UI Reliably adapts to changing on-screen presentation Computer Vision enables our software robots to automate virtually any UI I B 1 8.6. Ui Path Reboot Work. Attended Software Robots Robots that work side-by-side with people via UiPath Assistant, handling workflow tasks as specified and running either on command or based on pre-defined triggers Unattended Software Robots Robots that work independently, can handle complex, long- running workflows and involve people as needed to validate information, handle exceptions or for simple notifications 9#10Developer experiences from low code to professional grade Allows entire organization to build and deploy software robots, from non-technical to expert users Intuitive, low-code, visual experiences Hundreds of pre-built automation activities to enable widespread development and rapid time to value I B 1 Ui Path Reboot Work. Ui Path StudioX Low-code, drag-and-drop development environment with familiar interfaces, common integrations and pre-designed templates Ui Path Studio Drag-and-drop development environment designed for experienced developers with advanced features to build complex process automations Ui Path Studio Pro Most advanced Studio offering designed for specialized developers and testers 10#11Infused with ML & AI 29 Powered by native models for document classification, data extraction, language. understanding and others to drive automation of complex processes and tasks Embedded MLOps platform for management and operations of ML & Al models. Open and interoperable enabling UiPath, customer and partner models I B 1 Ui Path Reboot Work. Ui Path Al Center Embedded MLOps platform for deploying, consuming, managing and improving internal, third-party or UiPath ML models; inserted via drag-and-drop in UiPath Studio Ui Path Document Understanding Al-powered tool that enables software robots to extract, interpret and process from structured to unstructured data, with the ability to add custom ML models Ui Path Task Mining Record user processes across an allowed list of apps to estimate savings potential and identify best candidates for automation 11#12UiPath Automation Cloud ™M Start instantly, scale infinitely. m ■ m H Full Platform as SaaS Automation Cloud Robots Fastest Time to Value Ui Path Reboot Work. No Infrastructure Costs Always Up-to-Date 12#13Automation journey drives ongoing expansion opportunity Value Single department / targeted use cases Use case and department expansion Proof of concept Governance Full platform adoption Citizen development Executive sponsorship Flywheel begins Time Fully Automated Enterprise Enterprise-wide deployment Flywheel C-Suite engagement ● ● ● I B 1 Ui Path Reboot Work. More value to UiPath as the customer journey continues Ubiquitous adoption More robots+ products = greater expansion Deep relationships with business and IT partnerships Extensibility of platform yields a variety of use cases 13#14USE CASE ROI EXAMPLE ATTENDED SOFTWARE ROBOT Streamlining Time-to-Payments with RPA + AI Insurance Claims Processing Use Case Key Benefits 5x increase in monthly claims processed from 5,300 to 27,000 ● • A 4-person team (w/ 4 robots) ● operating with the same productivity as a team of 20 • Maximizing and accelerating reimbursement payments Ui Path Work. Reboot™ Before 4 FTES processing 5,300 claims per month HUMAN Claims teams receive data Opens email; verifies content Creates and classify claim in system Classifies claim Transcribes claim into digital form Verifies mismatches; updates data Pulls data from other systems Merges data fields Reviews and updates claims Creates claims notes Sends customer update 100% human effort ( purbuy After ROBOT 20% human effort 4 FTES with 4 Robots processing 27,000 claims per month HUMAN Monitors, opens and verifies claims data package against existing records Human reviews claim classification Transcribes, merges data between system records and updates profiles 80% robot Human reviews and approves Updates claims, creates notes, and sends customer notice ♡ mummy Mari parmy 14#15Speed of innovation and rapid releases drive our market leadership UiPath innovates at an incredible pace, prioritizing our most important needs for success, from security to scalability. Al Computer Vision UI Automation Chief Automation Officer Global Media and Digital Communications Leader API Automation Low-Code/No-Code Pre-2015 Workflow Orchestration 3rd-Party Integration Framework Developer Productivity (Libraries, Upgrades, Reusability) Marketplace/Community Action Center Al Center Assistant Document Understanding Insights Automation Hub Process Mining Studio X Task Capture Test Automation Automation Cloud Apps Data Service Linux-Based Robots Automation Cloud Robots Task Mining Automation Suite 2022 Ui Path Reboot Work. The Fully Automated Enterprise 15#16Strategic Technology Partnerships Data & Analytics alteryx Qlik Q +ableau A ATLASSIAN aws IT Automation CROWDSTRIKE snowflake® servicenow. aws Microsoft splunk> Document Processing A Adobe box conga Kodak alaris Security Beyond Trust ENTRUST aws DocuSign Microsoft CYBERARKⓇ THALES HashiCorp ■ Enterprise Applications Microsoft salesforce servicenow. aws Google Microsoft Ui Path Reboot Work. SAP Product & Platform Partnerships redis ORACLE workday. & Looker mongoDB. SUSE 16#17Financials Uil Path Reboot™ Work.#18Our business model حدا We manage and measure our business based on ARR ¹ Subscription model, primarily billed annually ARR grows when customers: deploy more robots, adopt more platform products, and expand use cases. Notes: 1. See Appendix for the definition of Annualized Renewal Run-rate (ARR) R Ui Path Reboot Work. 18#19ARR is our key operating metric ARR¹ $ in millions $453.5 2Q¹2021 $518.4 3Q'2021 Notes 1. See Appendix for definition of Annualized Renewal Run-rate (ARR) 2. CAGR for the period 2Q'2021 - 1Q'2023 Fiscal year end January 31 $580.5 4Q'2021 55% CAGR² $652.6 1Q'2022 $726.5 2Q¹2022 $818.4 3Q'2022 $925.3 4Q¹2022 Ui Path Reboot Work. $977.1 1Q'2023 19#20Strong customer momentum Total customers 8,500 + 1Q 2022 10,330 + 1Q 2023 Notes: 1. See Appendix for definition of Annualized Renewal Run-rate (ARR) 2. Customers ≥ $100k ARR inclusive of customers ≥ $1 million ARR Scaling large customers (Customers ≥ $100K ARR1, 2) 1,105 1Q 2022 1,574 1Q 2023 W ■ B 104 1 Becoming C-Suite priority (Customers ≥ $1 million ARR¹, 2) 1Q 2022 Ui Path Reboot Work. 168 1Q 2023 20#21Driving operating leverage Non-GAAP operating margin¹ FY 2020 -113% FY 2021 -4% Notes: 1. See Appendix for a reconciliation of GAAP to non-GAAP Fiscal year end January 31 8% FY 2022 Non-GAAP adjusted free cash flow margin¹ FY 2020 -113% 4% FY 2021 FY 2022 -2% I B 1 Ui Path Reboot Work. 21#22Fiscal first quarter 2023 results ($M) Revenue Non-GAAP gross margin Non-GAAP operating expenses: Sales and marketing Research and development General and administrative GAAP operating loss Non-GAAP operating (loss) income Non-GAAP adjusted free cash flow Notes: See appendix for reconciliation of GAAP to Non-GAAP results 1Q 2023 $245.1 85% $137.2 $41.6 $40.3 $(116.0) $(10.9) $(53.8) 1Q 2022 $186.2 88% $86.0 $27.4 $33.6 $(236.0) $16.1 $(20.1) ■ Ui Path Reboot Work. 1321. 34.550.89.0 >sl 22#23Multiple vectors for future growth } ✿ ¡¡ Land new customers using breadth of product platform Accelerate flywheel to drive customer expansion Launch new products and develop new go-to-market alliances Foster and grow our community and continue to invest in our partners Opportunistically pursue M&A MEASURE & GOVERN Task Capture Automation Hub Process Mining Action Center DISCOVER ENGAGE Task Mining Assistant Apps Robots RUN ■ Studio Family BUILD Document Understanding Insights MANAGE DELIVER Integration Service Data Service Ui Path Reboot Work. Marketplace Test Manager Al Center UiPath Automation Cloud™ Orchestrator Automation Suite 23#24Appendix UilPath Reboot" Work. 24#25Definitions and Calculations M I m Ui Path Reboot Work. Annualized Renewal Run-rate (ARR): We define ARR as annualized invoiced amounts per solution SKU from term subscription licenses and maintenance obligations assuming no increases or reductions in their subscriptions. ARR does not include the costs we may incur to obtain such subscription licenses or provide such maintenance and does not reflect any actual or anticipated reductions in invoiced value due to contract non- renewals or service cancellations other than for specific bad debt or disputed amounts. Additionally, though we use ARR as a forward-looking metric in the management of our business, it does not include invoiced amounts reported as perpetual licenses or professional services revenue in our consolidated statement of operations, and is not a forecast of future revenue, which can be impacted by contract start and end dates, duration, and renewal rates. Dollar-Based Net Retention Rate: Dollar-based net retention rate represents the rate of net expansion of our ARR from existing customers over the preceding 12 months. We calculate dollar-based net retention rate as of a period end by starting with the ARR from the cohort of all customers as of 12 months prior to such period-end, or the Prior Period ARR. We then calculate the ARR from these same customers as of the current period-end, or the Current Period ARR. Current Period ARR includes any expansion and is net of contraction or attrition over the last 12 months but does not include ARR from new customers in the current period. We then divide the total Current Period ARR by the total Prior Period ARR to arrive at the point-in-time dollar-based net retention rate. 25#26GAAP to Non-GAAP reconciliation Fiscal year end January 31 Total gross margin ($M) GAAP revenue GAAP gross profit GAAP gross margin % Add: Stock-based compensation expenses Amortization of acquired intangible assets Employer payroll tax expense related to employee equity transactions Non-GAAP gross profit Non-GAAP gross margin % 1Q 2023 $245.1 $200.1 82% $7.1 $0.9 $0.2 $208.2 85% 1Q 2022 $186.2 $137.2 74% $25.1 $0.8 $163.1 88% Ui Path Reboot Work. 26#27GAAP to Non-GAAP reconciliation (cont'd) Sales and marketing ($M) Fiscal year end January 31 GAAP sales and marketing Less: Stock-based compensation expenses Amortization of acquired intangible assets Employer payroll tax expense related to employee equity transactions Non-GAAP sales and marketing Research and development ($M) GAAP research and development Less: Stock-based compensation expenses Amortization of acquired intangible assets Employer payroll tax expense related to employee equity transactions Non-GAAP research and development General and administrative ($M) GAAP general and administrative Less: Stock-based compensation expenses Amortization of acquired intangible assets Employer payroll tax expense related to employee equity transactions Non-GAAP general and administrative 1Q 2023 $189.8 $50.8 $0.4 $1.4 $137.2 1Q 2023 $68.7 $26.6 $0.5 $41.6 1Q 2023 $57.5 $17.0 $0.2 $40.3 1Q 2022 $205.8 $119.3 $0.2 $0.3 $86.0 1Q 2022 $93.0 $65.6 $27.4 1Q 2022 $74.4 $40.8 $33.6 Ui Path Reboot Work. 27#28GAAP to Non-GAAP reconciliation (cont'd) Fiscal year end January 31 Total operating margin ($M) GAAP revenue GAAP operating loss GAAP operating margin % Add: Stock-based compensation expenses Amortization of acquired intangible assets Employer payroll tax expense related to employee equity transactions Non-GAAP operating (loss) income Non-GAAP operating margin % 1Q 2023 $245.1 $(116.0) (47)% $101.5 $1.4 $2.2 $(10.9) (4)% 1Q 2022 $186.2 $(236.0) (127)% $250.8 $0.9 $0.3 $16.1 9% Ui Path Reboot Work. 28#29GAAP to Non-GAAP reconciliation (cont'd) Fiscal year end January 31 Non-GAAP adjusted free cash flow ($M) GAAP Revenue GAAP Net cash flows used in operating activities Purchases of property and equipment Capitalized software development costs Cash paid for employer payroll taxes related to employee equity transactions Net payments of employee tax withholdings on stock option exercises Non-GAAP adjusted free cash flow Non-GAAP adjusted free cash flow margin % GAAP net cash flows (used in) provided by investing activities GAAP net cash flows (used in) provided by financing activities 1Q 2023 $245.1 $(52.9) $(9.7) 1 $3.0 $5.8 $(53.8) (22)% $(15.7) $(18.2) 1Q 2022 $186.2 $(17.5) $(2.2) $(0.4) 1 1 $(20.1) (11)% $10.9 $1,442.9 H Ui Path Reboot Work. 29#30GAAP to Non-GAAP reconciliation (cont'd) Fiscal year end January 31 Total operating margin ($M) GAAP Revenue GAAP operating loss GAAP operating margin % Add: Stock-based compensation expenses Amortization of acquired intangible assets Employer payroll tax expense related to employee equity transactions Non-GAAP operating (loss) income Non-GAAP operating margin % FY 2020 $336.2 $(517.3) (154%) $137.9 $0.7 $(378.7) (113%) FY 2021 $607.6 $(110.3) (18%) $86.2 $2.6 $(21.5) (4%) FY 2022 $892.3 $(500.9) (56)% $515.6 $5.1 $54.1 $73.8 8% Ui Path Reboot Work. 30#31GAAP to Non-GAAP reconciliation (cont'd) Fiscal year end January 31 Non-GAAP adjusted free cash flow ($M) GAAP Revenue GAAP Net cash flows (used in) provided by operating activities Purchases of property and equipment Capitalized software development costs Cash paid for employer payroll taxes related to employee equity transactions Net receipts of employee tax withholdings on stock option exercises Non-GAAP adjusted free cash flow Non-GAAP adjusted free cash flow margin % GAAP net cash flows (used in) investing activities GAAP net cash flows provided by financing activities FY 2020 $336.2 $(359.4) $(15.7) $(5.2) $(380.3) (113%) $(39.5) $457.8 FY 2021 $607.6 $29.2 $(2.0) $(1.2) $26.0 4% $(126.0) $250.4 FY 2022 $892.3 $(55.0) $(8.9) $(3.0) $51.7 $(6.4) $(21.5) (2%) $(35.4) $1,469.7 Ui Path Reboot Work. 31#32Ui Path HUMBLE The automation software company BOLD TM IMMERSED Our Culture FAST 32