Shopify Investor Event Presentation Deck

DISCIPLINED SPEND TO BUILD PRODUCT- MARKET FIT Plan: a phased approach with tripwires PHASE 2019 PRODUCT-MARKET FIT Fulfillment Volume I I I I I I I I SCALE Variable Cash Costs Fixed Cash Costs 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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