Investor Presentaiton

Long-Term Operating Model Product Revenue ($M) FY22 FY23 FY24 Guidance FY29 Target $2,650 ~$10,000 $1,140 $1,939 Non-GAAP Product Gross Margin¹ 74% 75% 77% -78% Non-GAAP Operating Margin¹ (3)% 5% 7% ~25% Non-GAAP Adjusted Free Cash Margin¹ 12% 25% 27% -30% Note: Fiscal year ends January 31. Numbers are rounded for presentation purposes. 1. Please see the Appendix for reconciliations of these non-GAAP financial measures to their nearest GAAP equivalents and for the calculation of certain other financial metrics for historical periods. A reconciliation of non-GAAP guidance measures to corresponding GAAP guidance measures is not available on a forward-looking basis without unreasonable effort due to the uncertainty regarding, and the potential variability of, expenses that may be incurred in the future. © 2023 Snowflake Inc. All Rights Reserved 29

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