Circut Results Presentation Deck

EBITDA¹ Q4 2021 vs. Q4 2020 O Lower gross margin-driven by lower connected machine gross margin Increased investments and stock-based compensation O Going forward, management will focus profitability measures and managing the long-term business on operating income and EPS $14.3 Q4 19 8.2% 122% 2 yr. basis FQ $83.5 Q4 20 22.5% $31.8 Q4 and Full Year 2021 Financial Results Q4 21 8.2% EBITDA Margins $62.7 FY 19 12.9% 238% 2 yr. basis FY $214.4 FY 20 22.4% $211.6 FY 21 16.2% 1. Net income adjusted to exclude: interest expense, net; income taxes; and depreciation and amortization expense. See reconciliation in the Appendix. Q4 2021 and FY 2021 EBITDA included $10.1 million and $38.1 million stock-based compensation expense, respectively. Stock-based compensation expense for prior periods include: $4.5 million for Q4 2020, $9.5 million for FY2020, $0.6 million for Q4 2019, $1.8 million for FY 2019. cricut 22

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