Shopify Investor Day Presentation Deck
Forward looking statements
This presentation contains forward-looking statements including but not limited to statements about future
growth, evolution of our product offerings, profitability, gross margins, our total addressable market,
deployment of capital and our ability to take market share that are based on our management's current
estimates, beliefs and assumptions, which are based on management's perception of historic trends,
current conditions and expected future developments, as well as other factors management believes are
appropriate in the circumstances. Although we believe that the plans, intentions, expectations,
assumptions and strategies reflected in these forward-looking statements are reasonable, these
statements relate to future events or our future financial performance, and involve known and unknown
risks, uncertainties and other factors that may cause our actual results to be materially different from any
future results expressed or implied by these forward-looking statements. Although the forward-looking
statements contained in this presentation are based upon what we believe are reasonable assumptions,
investors are cautioned against placing undue reliance on these statements since actual results may vary
from the forward-looking statements. Forward-looking statements involve known and unknown risks,
uncertainties and other factors, which are, in some cases, beyond our control and which could materially
affect our results. These risks are described in further detail in our Q3 2023 earnings release, in our
Management's Discussion and Analysis, in the section entitled "Risk Factors" in our Annual Information
Form disclosed previously and from time to time in Shopify's filings with the US Securities and Exchange
Commission and the securities commissions or similar securities regulatory authorities in each of the
provinces or territories of Canada, which are available on www.sec.gov and on www.sedarplus.ca. If one
or more of these risks or uncertainties occur, or if our underlying assumptions prove to be incorrect, actual
results may vary significantly from those expressed, implied or projected by the forward-looking
statements. Any references to long-term trends in our model are forward-looking and made as of the
current date. Nothing in this presentation should be regarded as a representation by any person that these
long-term trends will be achieved
we unde ake no duty to update thes long-term trends or any
other forward-looking statements contained in this presentation, except as required by law.
To supplement our consolidated financial statements, which are prepared and presented in accordance
with United States generally accepted accounting principles ("GAAP"), Shopify uses certain non-GAAP
and other financial measures to assist investors in understanding our financial and operating performance.
These measures are not recognized measures for financial statement presentation under GAAP, do not
have standardized meanings, and may not be comparable to similar measures presented by other public
companies. Management uses non-GAAP and other financial measures internally for financial and
operational decision-making and as a means to evaluate period-to-period comparisons. These measures
should be considered a supplement to, not a substitute for, or superior to, the corresponding measures
calculated in accordance with GAAP. For a reconciliation of non-GAAP measures to the comparable
GAAP measures, please see our Q3 2023 earnings release.
Free cash flow is a non-GAAP financial measure calculated as cash flow from operations less capital
expenditures. Free cash flow margin is a non-GAAP ratio calculated as free cash flow divided by revenue.
Shopify considers free cash flow and free cash flow margin as indicators of the efficiency and liquidity of
Shopify's business, measuring cash available, after capital investment, to make strategic investments and
drive future growth.
This presentation contains information concerning our industry, including information relating to the size of
the markets in which we participate, that are based on industry surveys and publications or other publicly
available information, other third-party survey data and research reports. This information involves many
assumptions and limitations, there can be no guarantee as to the accuracy or reliability of such
assumptions and you are cautioned not to give undue weight to this information. While we believe this
information to be reliable, it has not been independently verified.
This presentation contains trademarks, service marks, trade names and copyrights of Shopify and other
companies, which are the property of their respective owners.View entire presentation