Fastly: Innovators Platform

Fastly's Software Drives Capex Efficiency Capital Expenditures* as % of revenue 13% CY 2017 Free Cash Flow** Margin CY 2017 (37%) 14% 10% CY 2018 CY 2019 CY 2018 CY 2019 (25%) (25%) Single network reduces hardware requirements and increases flexibility Increased computing capacity / efficiency per dollar spent Network utilization rates We endeavor to improve efficiencies in DPO and DSO fastly. ©2020 Confidential * Capital expenditures are defined as cash used for purchases of property and equipment and capitalized internal-use software, as reflected in our statements of cash flows ** Free cash flow margin is equal to Cash Flow used in operations less Capital Expenditures divided by Revenue, please see appendix for reconciliation of Non-GAAP to GAAP metrics 20 20

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