Docebo Investor Presentation Deck

200 150 100 50 (1) (2) 0 -50 $11M $1M 2016 $18M $118M $74M ....ill $47M $30M $4M $5M $4M 2017 Free cash flow (1) Capital Efficient Growth $3M 2018 Total ARR (USD) 2019 2020 $4M $157M 2021 $1M $165M 2022 $2M Q1 2023 ~US$14M Cash burn since 2016 to grow ARR2 to US$165M at the end of Q1 2023 Free Cash Flow refers to Cash flow from operating activities less additions to property and equipment. Refer to "Non-IFRS Measures and Reconciliation of Non-IFRS Measures""" in the Appendix to this presentation "Cash Burn" refers to cumulative negative free cash flow since Docebo received its initial investment from Intercap and Klass in 2015.

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