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Investor Presentaiton

Generating strong returns on invested capital 17% 2019 *See appendix for detailed ROIC calculation blackbaud 19% 19% 2013-2020 avg ROIC Driving shareholder value through strong ROIC... 13% ...on a significantly larger invested capital base... 8% WACC 2013-2020 CAGR 2020 Return on Invested Capital (ROIC) ...with potential for increased returns driven by Rule of 40 performance. 33
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