Adobe Investor Day Presentation Deck

ing Car NAS " p ENT ( **** Th Hong 50 FY 2022 considerations 31393 民镇中国 1000993 50 伍拾圆 FOOTS LI023806 人民银 SPECIALN Bank 2209 K 10000 GOVERNMENT IPINAS NG PILIPIN 870681 4697 A Adobe 15 051501H หนึ่งร้อยบาท 港幣着 TEN HONG 21 ANG PISO PISO 21226198 OCE PISO SERVE NOTE 57449 C $34003 한국은 천원 Foreign currency impact • Strengthening US Dollar results in headwind to revenue growth rates in FY 2022 ARR Annual Revaluation: $86M decrease in Digital Media ARR on account of current FX rates; $12.15B FY 2022 beginning Digital Media ARR balance 한국은행 GOVER SPECIA 3,050 2.503 2.400 2.201 1,809 1.503 1,305 1.254 ● 111.81 136.050 2.400 1112.201 3.809 3.50 85 59 25 Operating expenses Travel and facilities spending expected to ramp throughout year Investing in long-term strategic initiatives, integrating Frame.io, increasing headcount 4 11 18 FRI 5 12 SAT 19 6 13 SUN 20 7 14 21 Fiscal calendar FY 2022 is a 52-week fiscal year, as compared to FY 2021, which was a 53-week fiscal year Q1 FY 2022 is a 13-week fiscal quarter, as compared to Q1 FY 2021, which was a 14-week fiscal quarter Tax Increased effective tax rates based on current enacted policies are reflected in FY 2022 targets GAAP tax rate of ~17.5%, Non-GAAP tax rate of ~17.0% Source: Adobe, December 2021 The information discussed on this slide contains forward looking statements that involve risk and uncertainty. Actual results may differ materially. For a discussion of these risks and uncertainties, you should review Adobe's SEC filings. Please see our investor relations website for a discussion of these targets and a detailed reconciliation between GAAP and non-GAAP targets. © 2021 Adobe. All Rights Reserved. Adobe Confidential.

View entire presentation