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Investor Presentaiton

Who We Are 20 Years of Strong Growth >$50B Market Cap (1) Nasdaq: FTNT Top 10 Performing S&P 500 Stock YTD (1) >$4.0B (+32% y/y) 2021E Billings (2) '21E Revenue of $3.3B+ (+29% y/y) (2 (2) W >$1.2B LTM Free Cash Flow (3) 40% Free Cash Flow Margin >75% Gross Margin (3) Recurring Service Revenues >25% Operating Margin (3) Balanced Growth and Profitability BBB+ & Baa1 Investment Grade Rating Leading the Cybersecurity Industry 8 Appearances in Gartner Magic Quadrants Leader in Network Firewalls & WAN Edge >35% Global Firewall Shipments (4) Most Deployed Network Security 1,200+ Issued Global Patents Industry Innovator Fortinet Has Been Profitable And Free Cash Flow (3) Positive Every Year Since Its IPO in 2009 Note: Data is as of December 31, 2020 unless otherwise noted. Based on the midpoint of 2021 guidance provided on November 4, 2021. (1) As of November 30, 2021. (2) (3) (4) © Fortinet, Inc. All Rights Reserved. Gross Margin, Operating Margin and Free Cash Flow are a non-GAAP financial measures. See Appendix for reconciliation of the non-GAAP financial measures to the most comparable GAAP financial measures. IDC Worldwide Quarterly Security Appliance Tracker, October 2021 (based on annual unit shipments of Firewall, UTM and VPN appliances).
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