Etsy Mergers and Acquisitions Presentation Deck

Etsy's model has delivered strong Adjusted EBITDA and free cash flow conversion $800 $600 $400 $200 $0 Etsy TTM Adjusted EBITDA ($M) Rapidly scaling profitability $191 1Q20 Y/Y% 17% $302 2Q20 73% $412 3Q20 125% $549 4Q20 195% $678 1Q21 254% Source: Etsy public filings Reconciliation of non-GAAP financial measures is contained in the appendix Etsy Operating Cash Flow & Free Cash Flow ($M) Converting nearly 100% of Operating Cash Flow to FCF $241 $250 $200 $150 $100 $50 $0 $28 1Q20 $220 $183 2Q20 Operating Cash Flow 3Q20 4Q20 Free Cash Flow $145 1Q21 19

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