Tuya Results Presentation Deck

Operating Cashflows Net cash used in operating activities¹ Net cash used in operating activities¹ as % of revenue (FY21) as % of revenue (Q4'21) (27)% 2020 (42)% 2021 (14)% Q4'20 (71)% Q4'21 1. Non-GAAP measures. Please refer to the appendix for reconciliations of these non-GAAP measures to their most comparable GAAP equivalents. 2. Primarily refers to account receivables, account payables and advance to suppliers. Note: Numbers are rounded for presentation purposes. Main factors: ● Increasing gross profits ...offset by... ● Increased payment for employee-related expenses Working capital changes² due to specific credit and payment terms agreed in sales and purchase activities for strategical purposes tuya 15

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