Docebo Investor Presentation Deck

METRIC Revenue Subscription Revenue Growth (YoY) Recurring Subscription Revenue Mix (% of Total Revenue) Gross Profit Margin Adjusted EBITDA Margin² Adjusted EPS (Diluted)² Free Cash Flow Margin² (1) (2) Strong, Scalable Financial Metrics 2020 $62.9m 54% 91% 82% (4%) 6% 2021 $104.2m 67% 92% 80% (8%) ($0.30) (4%) Adjusted for the impact of changes to the U.S. dollar relative to foreign currencies Refer to "Non-IFRS Measures and Reconciliation of Non-IFRS Measures in the Appendix to this presentation M 2022 $142.9m 37% (42%¹) 92% 80% 1% $0.07 1% Q1 23 33% (36%¹) 94% $41.5m i $42.9 $43.2m 81% 5% $0.09 I (6%) I I Q2 23 Guidance I 80-81% 5.5%-6.5% Margin Drivers Significant growth and strong unit economics set the stage for future profitability ↑ → Increasing deal sizes Executing land & expand strategy Improving sales and marketing productivity Leveraging infrastructure scale Back-office automation and efficiencies Improving efficiency of global support

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