Procore IPO Presentation Deck

121% Pre-COVID trend of greater enterprise wins with larger ARR "lands" FY-18 Net Retention 117% Retention Rates FY-19 Net Retention 107% FY-20 COVID impacts 94% FY-18 Gross Retention 95% 94% FY-19 Gross Retention FY-20 Resilient through COVID Notes: Net retention reflects the ARR from the cohort of active customers at the end of the period 12 months prior to the end of the period selected, compared to the ARR from the same cohort of customers at the end of the current period selected, giving effect to expansion, contraction, or churn from this group of customers over the 12 months preceding the end of the period selected. Gross retention reflects the ARR from the cohort of active customers at the end of the period 12 months prior to the end of the period selected, compared to the ARR from any customers whose subscriptions terminated and were not renewed during the 12 months preceding the end of the period selected, which we refer to as churn. PROCORE® PROPRIETARY AND CONFIDENTIAL | 30

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