Investor Relations Presentation
Cautionary Language Concerning Forward-Looking Statements
This presentation contains forward-looking statements, which express the current beliefs and expectations of CyberArk's (the "Company") management. In some
cases, forward-looking statements may be identified by terminology such as "believe," "may," "estimate," "continue," "anticipate," "intend," "should," "plan," "expect,"
"predict," "potential" or the negative of these terms or other similar expressions. Such statements involve a number of known and unknown risks and uncertainties that
could cause the Company's future results, levels of activity, performance or achievements to differ materially from the results, levels of activity, performance or
achievements expressed or implied by such forward-looking statements. Important factors that could cause or contribute to such differences include risks relating to:
changes to the drivers of the Company's growth and its ability to adapt its solutions to IT security market demands; fluctuation in the Company's quarterly results of
operations due to sales cycles and multiple pricing and delivery models; the Company's ability to sell into existing and new customers and industry verticals; an
increase in competition within the Privileged Access Management and Identity Security markets; unanticipated product vulnerabilities or cybersecurity breaches of
the Company's, or the Company's customers' or partners' systems; complications or risks in connection with the Company's subscription model, including uncertainty
regarding renewals from its existing customer base, and retaining sufficient subscription or maintenance and support service renewal rates; risks related to compliance
with privacy and data protection laws and regulations; risks regarding potential negative economic conditions in the global economy or certain regions, including
conditions resulting from financial and credit market fluctuations, rising interest rates, bank failures, inflation, and the potential for regional or global recessions; the
Company's ability to hire, train, retain and motivate qualified personnel; reliance on third-party cloud providers for the Company's operations and SaaS solutions; the
Company's history of incurring net losses and its ability to achieve profitability in the future; risks related to the Company's ongoing transition to a new Chief Executive
Officer; risks related to sales made to government entities; the Company's ability to find, complete, fully integrate or achieve the expected benefits of strategic
acquisitions; the duration and scope of the COVID-19 pandemic and its resulting effect on the demand for the Company's solutions and on its expected revenue
growth rates and costs; the Company's ability to expand its sales and marketing efforts and expand its channel partnerships across existing and new geographies;
regulatory and geopolitical risks associated with global sales and operations, as well as the location of our principal executive offices, most of our research and
development activities and other significant operations in Israel; changes in regulatory requirements or fluctuations in currency exchange rates; the ability of the
Company's products to help customers achieve and maintain compliance with government regulations or industry standards; risks related to intellectual property
claims or the Company's ability to protect its proprietary technology and intellectual property rights; and other factors discussed under the heading "Risk Factors" in
the Company's most recent annual report on Form 20-F filed with the Securities and Exchange Commission. Forward-looking statements in this presentation are made
pursuant to the safe harbor provisions contained in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements are made only as of the
date hereof, and the Company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or
otherwise.
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