Braze IPO Presentation Deck

Stable Margins While Investing for Growth 63% FY '20 Gross Margin 64% FY '21 64% 1H FY '21 67% 1H FY '22 (10)% FY '20 (7)% FY '21 FCF Margin Note: Fiscal year ends January 31. See Glossary page for GAAP to Non-GAAP reconciliations and other key definitions. (4)% 1H FY '21 (10)% 1H FY '22

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