Pega Cloud and Subscription License ACV Growth

Cash Flow Growth $250M $200M $150M $100M $50M $0M Operating Cash Flow $22M $250M $218M $200M $150M $100M $50M Free Cash Flow $0M $(13)M $201M $(50)M $(50)M 2022 2023 2022 2023 PEGA Note: Starting in the third quarter of 2023, the Company calculated free cash flow as cash provided by operating activities less investments in property and equipment. To ensure comparability, previously disclosed amounts have been updated. For additional information refer to explanatory notes on slide 39 27 Pegasystems Inc. 12

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