Investor Presentaiton

Improving Product Gross Margin Non-GAAP Product Gross Margin¹ 74.6% 75.4% 3.7 Percentage Points Q3 FY22 Q3 FY23 78.3% Q3 FY24 Expansion Drivers • Cloud agreement pricing • Product improvements • Scale . Enterprise customer success Note: Fiscal year ends January 31. 1. Please see the Appendix for a reconciliation of non-GAAP product gross margin to its nearest GAAP equivalent and for the calculation of certain other financial metrics. © 2023 Snowflake Inc. All Rights Reserved 22 22

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