Docebo Investor Presentation Deck

Appendix: Key Performance Indicators Free Cash Flow: Free Cash Flow is defined as cash used in operating activities less additions to property and equipment and non-current assets. The following table reconciles our cash flow used in operating activities to Free Cash Flow for the periods 2016 to 2021 (In thousands of US dollars) Cash flow used in operating activities Additions to property and equipment and non-current assets Free Cash Flow 2016 (1,037) 2017 (2,983) 2018 2019 (2,300) (4,582) (410) (258) (689) (366) (1,295) (3,672) (2,710) (4,948) 2020 4,791 (1,081) 3,710 2021 Q1 2022 (3,254) (1,972) (1,081) (4,399) (303) (2,275)

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