Snap Inc Investor Presentation Deck

Snap Inc. YOY FCF Growth FCF Q1'18 $(268) (55)% Q2'18 $(234) (2)% Q3'18 $(159) 28% Free Cash Flow Q4'18 $(149) 25% (in millions, unaudited) Q1'19 $(78) 71% Q2'19 $(103) 56% Q3'19 $(84) 47% We define Free Cash Flow, or FCF, as net cash provided by (used in) operating activities reduced by purchases of property and equipment. See Appendix for reconciliation of net cash used in operating activities to Free Cash Flow. 1. FCF declined seasonally from Q1'19 to Q2'19 due to seasonally higher collections in Q1 following seasonally higher revenue in Q4'18. Source: Snap Inc. public filings. Q4'19 $(76) 49% Q1'20 $(5) 94% 28

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