Investor Presentaiton

Executing an opportunistic share repurchase program-New ~$111M $250M ~$139M Total Authorization ■ Value of Shares Repurchased Remaining Authorization Opportunistic share repurchases Pursue share repurchases when internal estimates determine the company's shares are undervalued by the market Offset dilution Opportunistic share repurchases offset dilution related to our equity compensation program Dividend discontinued in Q2 2020 The removal of a fixed dividend allows Blackbaud to focus its capital on higher ROIC opportunities Effective Apr 6, 2020 our Board of Directors eliminated the payment of future quarterly cash dividends beginning with the second quarter of 2020. Shares repurchased through 9/30/2021. Details on our share repurchases can be found in our most recent SEC filings. blackbaud 34

View entire presentation