AppFolio Investor Day Presentation Deck

Powering the Future of the Real Estate Industry © 2023 AppFolio Investor Meeting A Becoming a Healthier Company Non-GAAP Op Margin Revenue $359 0% 2021 $472 2022 $610 2023** Q3 2023 RESULTS* Non-GAAP Operating Margin 16% Non-GAAP Free Cash Flow 20% * Non-GAAP operating margin and free cash flow are non-GAAP financial measures. Refer to the Appendix for an explanation of non-GAAP financial measures, and why we believe these measures can be useful, as well as a reconciliation of non-GAAP financial measures to the most comparable GAAP measures, where applicable. ** $610M is the full-year midpoint guidance provided on October 26, 2023. appfolio

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