Snap Inc Results Presentation Deck

Free Cash Flow¹ (in millions, unaudited) YOY Change Q4'17 $(176) $(21) $(197) (5)% Q1'18 $(232) $(36) $(268) (55)% Q2'18 $(199) $(35) $(234) (2)% Q3'18 $(133) $(26) $(159) 28% Cash Used in Operating Activities Numbers throughout presentation may not foot due to rounding. 'We define Free Cash Flow as net cash provided by (used in) operating activities, reduced by purchases of property and equipment. See Appendix for reconciliation of net cash used in operating activities to Free Cash Flow. Q4'18 $(126) $(23) $(149) 25% Capital Expenditures Q1'19 $(66) $(12) $(78) 71% OPTIMIZING LONG-TERM FREE CASH FLOW; FREE CASH FLOW IMPROVED 71% YOY AND 48% QOQ 6

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