Investor Presentaiton

Operating Leverage While Investing in Growth Non-GAAP Operating Expenses as % of Revenue¹ 3 Percentage Points Non-GAAP Adjusted FCF as % of Revenue¹ 15% • Leverage Drivers Revenue Growth 68% 63% 65% 11% 7% 8% 17% 18% 21% 40% 37% 37% 6% Q3 FY22 Q3 FY23 ■S&M R&D G&A 12% Q3 FY24 Q3 FY22 Q3 FY23 9 Percentage Points Q3 FY24 • Economies of Scale • . Larger Customer Relationships Larger Renewal Mix Leading to Lower Commissions 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. © 2023 Snowflake Inc. All Rights Reserved 23 23

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