Phreesia Investor Presentation Deck

Provider Subscription and related services¹ Payment processing fees Life Sciences SCALABLE AND PREDICTABLE SOURCES OF REVENUE REVENUE MODEL • Includes base package and add-on applications • Majority of fees charged per provider per month (PPPM) Fees earned as % of processed patient payments • ~80% volume: Credit/debit transactions processed on Phreesia payment facilitator model • Remaining volume: Cash, check and credit gateway transactions to other payment processors ● Sale of targeted digital marketing solutions to patients Contract duration typically 12 months • Guaranteed # of engagements with target audience • Fees charged per brand engagement New healthcare services clients • Expansion within existing clients. • New products and applications DRIVERS ● Increase in payment volume from patients of existing and new providers/clients • Increase in patient financial responsibility ● New life sciences clients • Expansion within existing clients. • Purposeful controlled growth • Investment in new data and analytics products represent upside potential FY22 % REV 45% 31% 25% Strong visibility into revenue at the beginning of the fiscal period based on contracted business In addition to subscription revenue, Phreesia generates certain fees from healthcare services clients for professional services associated with implementation, travel and expense reimbursements, shipping and handling, sale of hardware (Phreesia Pads and Arrivals Kiosks), on-site support and training. Phreesia 13

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