monday.com Investor Presentation Deck

Reconciliation of non-GAAP financial measures Adjusted free cash flow ($ in millions) Net cash provided by (used in) operating activities Purchase of PP&E Capitalized software development costs Purchase of property and equipment related to build-out of new corporate headquarters Adjusted free cash flow Adjusted free cash flow margin FY-20 (37.2) (4.4) (1.1) 2.0 (40.7) (25%) FY-21 16.4 (11.6) (2.2) 7.3 9.9 3% FY-22 27.1 (16.0) (3.0) 8.1 2%

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