Shopify Investor Event Presentation Deck

EXPECTED TO BE LARGELY CASH NEUTRAL OVER FIVE YEARS, WITH FURTHER INVESTMENTS TRIGGERED BY ADOPTION Expected spend of approximately $1 billion over next five years (consisting of expected cost to build and variable cost to operate) We expect incremental revenue to largely offset costs Bulk of spend comes with scale and is success-based, bulk of net return expected beyond 2023 *See slide "Safe Harbour" at the beginning of this presentation for a disclaimer regarding forward-looking statements contained in this presentation.

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