Docebo Company Presentation

Strong, Scalable Financial Metrics (1) METRIC 2017 2018 2019 2020 Q2 2021 Margin Drivers Revenue US$17.1m US$27.1m US$41.4m US$62.9m US$25.6m → -> Subscription Revenue 85% 68% 56% 54% 76% Growth (YoY) → Increasing deal sizes Executing land & expand strategy Improving sales and marketing Recurring Subscription productivity Revenue Mix 83% 88% 90% 91% 92% -> Leveraging (% of Total Revenue) infrastructure scale Back-office Gross Profit Margin 75% 79% 80% 82% 80% Free Cash Flow Margin¹ (21%) (10%) (12%) 6% (3%) automation and efficiencies Improving efficiency of global support Cash flow from operating activities less additions to property and equipment divided by total revenue. See the Appendix for a reconciliation of free cash flow to cash flow from operating activities for the periods presented. Significant growth and strong unit economics set the stage for potential future profitability 17

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