Docebo Company Presentation

Appendix: Key Performance Indicators Free Cash Flow: Free Cash Flow is defined as cash used in operating activities less additions to property and equipment and non- current assets. The following table reconciles our cash flow used in operating activities to Free Cash Flow for the periods 2016 to 2020 and for the 3 months ended June 30, 2021: 3 months ended Jun 30, (In thousands of US dollars) 2016 2017 2018 2019 2020 2021 $ $ $ Cash flow used in operating activities (1,037) (2,983) (2,300) (4,582) 5,155 (631) Additions to property and equipment and non-current assets (258) (689) (410) (366) (1,081) (200) Purchase of intangible assets (364) Free Cash Flow (1,295) (3,672) (2,710) (4,948) 3,710 (831) docebo 21

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