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Investor Presentaiton

Yubico in short Problem we solve • . Estimated worldwide spending on authentication c. USD 5bn in 2023 9 out of 10 cybersecurity breaches are caused by employee mistakes (e.g., use of stolen credentials, phishing or misuse) Phishing-resistant multi-factor authentication (MFA; i.e., password + 2nd source of ID) is the best solution to this problem yubico Most secure solution to the number #1 security issue Key figures (2022) SEKI.6bn Net sales 6 Product Hardware authentication token (key) ~50% CAGR ('16-'22)² I | 132% Users Enterprise (focus), SMB' and consumer -390 Employees³ Avg. annual repurchase rate 2017-22 by top 25 customers from the 2017 cohort Services Full enterprise offering Revenue model Perpetual and subscription Source: Company information, IDC Research Not: 1) Small and medium sized businesses; 2) 2016 net revenues are based on Yubico's annual report 2016, 3) As of February 2023 0 # of YubiKeys account takeovers since inception I +22m +80% Gross margin | 15% I I I Subscription share of bookings I I YubiKeys sold since inception | I 19/20 of the largest tech platforms in the US ACQ
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