Q1 2021 Business Update

Adjusted Free Cash Flow Fig 01 ΟΙ Business Update 02 In Q1 2021, we generated $151 million in adjusted free cash flow - an increase of $441 million from Q1 2020. $200M 44% adjusted free cash flow margin Adjusted free cash flow and adjusted free cash flow margin are defined as cash flow from operating activities, plus cash paid for employer taxes related to stock-based compensation, less cash used to purchase property and equipment. Please see the appendix for reconciliations of these non-GAAP financial measures to the most directly comparable GAAP measures. $100M ($100M) ($200M) ($300M) ($290M) Q1 2020 +$441M | $151M I 44% ADJUSTED FREE CASH FLOW MARGIN Q1 2021 | | | | |

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