Procore IPO Presentation Deck

80% Gross Margin As % of Revenue FY-18 83% 83% 84% Demonstrated Leverage FY-19 FY-20 Q1-21 Non-GAAP Gross Margin Operating Expenses As % of Revenue 59% 29% 18% FY-18 57% 28% 19% S&M FY-19 43% 27% 14% R&D 44% 27% 13% FY-20 Q1-21 G&A (11%) (25%) Operating Margins As % of Revenue (2%) (21%) 5% (1%) FY-18 FY-19 FY-20 Non-GAAP Op Margin ...... 25% (1%) Q1-21 OCF Margin Notes: All financial figures are non-GAAP. Shows fiscal year, non-GAAP gross margin, non-GAAP Sales & Marketing, Research & Development, and General & Administrative expenses as a % of revenue, and non-GAAP operating loss and operating cash flow ("OCF") as a % of revenue. Non-GAAP gross margin is calculated as gross margin excluding stock-based compensation expense and amortization of acquired technology intangible assets. GAAP gross margin was 80%, 82%, and 82% in fiscal year 2018, 2019, and 2020, respectively and 82% in Q1 of 2021. Non-GAAP operating expenses and operating margin are calculated as operating expenses and operating margin excluding stock-based compensation expense and amortization of acquired technology intangible assets. GAAP S&M operating expenses as a % of revenue were 60%, 60%, and 47% in fiscal year 2018, 2019, and 2020, respectively and 47% in Q1 of 2021. GAAP R&D operating expenses as a % of revenue were 30%, 30%, and 31% in fiscal year 2018, 2019, and 2020, respectively and 30% in Q1 of 2021. GAAP G&A operating expenses as a % of revenue were 19%, 20%, and 18% in fiscal year 2018, 2019, and 2020, respectively and 16% in Q1 of 2021. GAAP operating margin as a % of revenue was (30)%, (29) %, and (15) % in fiscal year 2018, 2019, and 2020, respectively and (11) % in Q1 of 2021. PROCORE PROPRIETARY AND CONFIDENTIAL | 31

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