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Investor Presentaiton

SEI Level 2020: The Year that Caused the Herd to Break This is the "now or never" moment for incumbents to avoid irrelevance. Growth The Subscription Economy Index vs. S&P 500 and Retail Sales Growth 450 SEI 400 S&P 500 Sales Index US Retail 350 300 250 200 150 100 Q4 2012 1/1/2012 Q2 2012 Q2 2013 Q4 2013 Q2 2014 Q2 2019 Q4 2014 Q2 2019 Q2 2015 Q2 2016 Q2 2017 Q4 2017 Q2 2018 Q4 2018 Q2 2019 Q4 2019 Q2 2020 Q4 2020 Resilience During the COVID-19 induced crisis, 4 out of 5 subscription companies kept growing or had limited impact 437% Subscription growth rate is decelerating and negative Contracting 15.4% Accelerating 20.3% Subscription growth rate is accelerating Subscription growth rate is decelerating but still positive Slowing 16.9% 132% 130% Limited Impact 47.4% 12 "While S&P 500 sales in Q1 2020 contracted at a -1.9% annual rate, subscription-based revenue continued to thrive, growing at 9.5% in the same quarter"* *Source: Subscription Economy Index report, Sept. 2020 https://www.zuora.com/resource/subscription-economy-index/ Subscription growth rate did not significantly change zuora
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