Tuya Results Presentation Deck

Operating Margin and Net Margin Non-GAAP operating margin and net margin¹ (FY21) (34%) (32%) 2020 (39%) (36%) 2021 Non-GAAP operating margin Non-GAAP net margin Non-GAAP operating margin and net margin¹ (Q4'21) (25%) (24%) Q4'20 (45%) (42%) Q4'21 1. Non-GAAP measures. Please refer to the appendix for reconciliations of these non-GAAP measures to their most comparable GAAP equivalents. Note: Numbers are rounded for presentation purposes. Main factors: ● Stable growth of gross margin ...offset by... ● Increased R&D personnel to keep sufficient reserve of talents tuya Increased marketing efforts Increased professional service fees incurred by being a public company 14

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