Pexip Holding

Investor Presentation • Nov 12, 2020

Meet the world with video communication as it should be

Company Presentation

12 November 2020

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These materials have been produced by Pexip Holding AS (the "Company", and with subsidiaries the "Group"). The materials have been prepared for the exclusive use of persons attending an oral briefing and meeting to which these materials relate given by a representative of the Company and/or persons to whom these materials have been provided directly by an authorized representative of the Company (the "Recipients"). For purposes of this notice, "materials" means this presentation, its contents and appendices and any part thereof, any oral presentation and any question or answer session during or after or in relation to any of the foregoing.

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Q3 highlights

Video communications as it should be

• ✓A better way to meet with business-quality audio/video
• ✓Securely join from anywhere across multiple technologies
• ✓Powerful administration tools and integrations to meet the requirements of IT
• ✓Full control of data privacy and sovereignty, and compliance with data security standards

Pexip is a high-growth subscription-based video communication company

Booked Annual Recurring Revenue ("ARR") portfolio per year end, USDm

• Users in ~190 countries
• ~300 partners in 75 countries
• +300 employees in 20+ countries
• 97% of revenue from subscriptions

	EMEA	Americas	APAC
Share of ARR	55%	35%	10%

Solid growth path to USD 300 million

Pexip accelerates long-term target of USD 300 million to 2024

Enterprise IT will re-assess video strategy post-Covid

"Everybody" has started using video in 2020

PC-to-PC has been the primary use case

As Organizations plan their return to the office, many will need to reevaluate their existing solution

Key questions to be asked by customers

Do we have the features we need?

Given we use video so much, are we having the right meeting quality and experience?

Is data about our conversations protected?

Is our current solution in line with our security policies?

Pexip will be more relevant than ever, both as stand-alone and add-on solution to others

Pexip ideally positioned for enterprises' reality as organizations return to the office

Conference rooms

Small huddle rooms

Working from home

The new normal will be hybrid working

• People combining working from home and the office
• "Every" room in the office will have a video device
• "Every" meeting will be a video meeting
• Need to connect everything from the browser to the board room – internally and externally

Bring meetings to life

A natural, engaging meeting experience provided by AI-driven adaptive experience

Bring meetings to life

Say goodbye to black screens and hard-to-see faces. Naturally arranges your screen layout to elevate large groups and active speakers, creating a more immersive meeting experience. Enjoy super-wideband audio for a natural experience.

Focus on your conversation

With real-time image framing that automatically crops, pans, and tilts, you can maintain better eye contact and focus on your conversation for more productive, engaging meetings.

Pexip is the leader on interoperability

• 62% of organizations use more than three video communication solutions¹
• Deep technology and GTM partnerships with collaboration giants
• Allows solutions from Microsoft and Google to immediately connect with a range of non-compatible systems
• Maintains the video system's full capabilities
• Pexip is the only solution in the market that is available both as a cloud service and as a self-hosted software

Customers choose Pexip for three main use cases

High-quality video meetings with focus on privacy and security

Vertical market applications and integrations

Expanding access to Microsoft Teams and Google Meet

12

Pexip is for the second time named a Visionary in the recent Gartner Magic Quadrant

• Gartner MQ is a key IT buyer awareness driver and decision support
• Gartner highlights Pexip's strengths in:
• Expansive APIs
• Interoperability leadership
• Vertical industry expertise

Pexip continues to win the trust of new large enterprises and public organizations

Enabling our customers and users to make significant contributions to sustainable development

Pexip contributes to the green economy

• Pexip is committed to supporting our customers in making their business processes more sustainable
• –Enabling vital healthcare service delivery despite severe Covid-19 disruption
• –Enabling significant reductions in travel and commuting
• Pexip has initiated a project to deliver a separate sustainability report outlining Pexip's ESG impact due Q2 2021

Q3 Financial results

Strong development in Annual Recurring Revenue with 70% growth YoY

68% revenue growth

Reduction in EBITDA in line with acceleration plan

Pexip has started on the next phase of our video communication adventure

*Equity of USD 25m¹ turned into ARR of USD 57m at time of IPO

1) NOK 225m, USDNOK 9.00

Thank you!