Docebo Company Presentation

Capital Efficient Growth $18M $11M $1M es (1) (2) 2016 $30M $47M $74M $4M $4M $3M $5M 2017 2018 2019 2020 Free Cash Flow¹ (USD) Total ARR (USD) Cash flow from operating activities less additions to property and equipment. See the Appendix for a reconciliation of free cash flow to cash flow from operating activities under IFRS for the periods presented. Represents the accumulated free cash flow burn since Docebo received its initial investment from Intercap and Klass in 2015. ~US$9M Cash burn since 2016 to grow ARR² to US$74M at the end of 2020 docebo 16

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