Brivo M&A Growth Strategy

Public comparables – operating benchmarking brivo. Matterport: FORTINET lncino. paloalto LTM % Recurring Rev. (1) 43% 55%(2) 34% (2) 82% (2) 74% (3) Oppfolio 37% (2) 96% (2) Median: 23% GUIDEWIRE Check Point 2 LATCH 39% (3) 76% (2) 72% (2) 20% (2) Gross Margin Revenue Growth Obrivo. CY2022 E 50% 46% 29% 17% 23% 26% 11% 16% 8% 6% Median: 20% A SmartRent HEXAGON 17% (2) 112% 115% 99% 123% 63% CY2023E 48% 26% 20% 21% 20% 16% 19% 12% 5% ¦ Median: 60% VERRA MOBILITY Security and Vertical SaaS Software-enabled Industrial Tech Trimble FORTIVE 40%(4) 41 % (2) 39% (2)(5) 40% (2) Median: 10% 21% 9% 10% 10% ¡Median: 7% 8% 6% 8% 6% Median: 62% 95% CY2022 E 75% 75% 81% 88% 65% 63% 55% 64% 60% 50% 58% 58% 52% 4% 12% Median: 61% Median: 63% 96% 89% 77% 75% 81% CY2023E 60% 61% 65% 60% 66% 51% 59% 53% 58% 18% 21% Source: Brivo Management, company filings, Capital IQ as of 04/14/2022. Note: Companies sorted by CY2022E revenue multiple. (1) Company filings, last twelve months as of current quarter 2021 unless denoted otherwise. (2) Represents CY2021 % subscription/recurring revenue. (3) Represents LTM % subscription/recurring revenue as of 01/31/2022. (4) Represents CY2020 % subscription/recurring revenue. (5) Trimble service revenue includes professional services. Please refer to "Disclaimer" on Slides 2 and 3 including under the headers "Forward-Looking Statements" and "Financial Information" for the disclaimer regarding the forecasts and projections included in this presentation. 37

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