monday.com Results Presentation Deck

Investing in growth while improving cash efficiency Quarterly Adjusted Free Cash Flow* Margin (24%) Q4-20 (3%) Q1-21 (2%) Q2-21 3% * Non-GAAP financial measures, see Appendix. Q3-21 11% Q4-21 Adjusted free cash flow amounts to: ($11.9M), ($1.6M), ($1.5M), $2.9M and $10.1M for Q4-20, Q1-21, Q2-21, Q3-21 and Q4-21, respectively. Annual Adjusted Free Cash Flow* Margin "' (25%) (49%) FY-19 FY-20 3% FY-21 Adjusted free cash flow amounts to: ($38.4M), ($40.7M) and $9.9M for FY-19, FY-20 and FY-21, respectively.

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