Procore Technologies : 2023 Investor Day

2023 Investor Day

Chicago, IL | September 20, 2023

Welcome

Agenda

Wednesday, September 20 | 9:00am - 12:00pm CST

9:00a - 9:05a	Opening Remarks
	Matthew Puljiz - VP, Finance
	Vivian Barnett - Senior Manager of Investor Relations
9:05a - 9:25a	Deep Dive #1: Construction Industry Dynamics
	Tooey Courtemanche - Founder, President, & CEO
9:25a - 10:10a	Deep Dive #2: Platform & Product
	Steve Davis - President, Product & Technology
	Wyatt Jenkins - Chief Product Officer
	Geoff Lewis - VP, Product Management
10:10a - 10:30a	Deep Dive #3: Fintech Update
	Paul Lyandres - President of Fintech
10:30a - 10:50a	Deep Dive #4: Financial Philosophy
	Howard Fu - CFO & Treasurer
10:50a - 11:05a	Break
11:05a - 12:00p	Executive Q&A
	Tooey Courtemanche - Founder, President, & CEO
	Howard Fu - CFO & Treasurer
	Matthew Puljiz - VP, Finance

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Disclaimer

Forward-Looking Statements

This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, about Procore Technologies, Inc. ("Procore") and its industry that involve substantial risks and uncertainties. All statements in this presentation, other than statements of historical fact, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or future financial or operating performance, and may be identified by the use of words such as "anticipate," "believe," "contemplate," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will," or "would," or the negative of these words, or other similar terms or expressions that concern Procore's expectations, strategy, plans, or intentions.

Procore has based the forward-looking statements contained in this presentation primarily on its current expectations and projections about future events and trends that Procore believes may affect its business, financial condition, and operating results. The outcome of the events described in these forward-looking statements is subject to risks, uncertainties, and other factors that could cause results to differ materially from Procore's current expectations, including, but not limited to, our expectations regarding our financial performance (including revenues, expenses, and margins, and our ability to achieve or maintain future profitability), our ability to effectively manage our growth, anticipated performance, trends, growth rates, and challenges in our business and in the market in which we operate or anticipate entering into, economic and industry trends (in particular, the rate of adoption of construction management software and digitization of the construction industry, inflation, and challenging geopolitical conditions), our ability to attract new customers and retain and increase sales to existing customers, our ability to expand internationally, the effects of increased competition in our markets and our ability to compete effectively, our estimated total addressable market, and as set forth in Procore's filings with the Securities and Exchange Commission, and further described in the section titled "Risk Factors" in our most recently filed Quarterly Report on Form 10-Q. You should not place undue reliance on Procore's forward-looking statements. Procore assumes no obligation to update any forward-looking statements to reflect events or circumstances that exist or change after the date on which they were made, except as required by law.

Non-GAAP Financial Measures

This presentation includes non-GAAP financial measures. These non-GAAP financial measures are not prepared in accordance with U.S. generally accepted accounting principles ("GAAP"), and may not be comparable to similarly-titled measures presented by other companies or to third-party expectations, nor should they be construed as an alternative to other financial measures determined in accordance with GAAP. Refer to the Appendix for a reconciliation of those non-GAAP financial measures to the most directly comparable GAAP measures.

The logos and trademarks in this presentation are the property of their respective owners and are used for reference purposes only.

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• INVESTOR DAY 2023

Deep Dive #1:

Construction

Industry

Dynamics

Tooey Courtemanche

Founder, President, & CEO

The Construction Industry Is Massive …

$11T

global construction

spend in 2020

13%

of global GDP

in 2017

7%

of global workforce

in 2017

2.5Tft²

est. square footage of new construction in the next 40 years

$15T

est. global construction

spend in 2030

Source: Oxford Economics: Future of Construction (September 2021) | McKinsey Global Institute: Reinventing Construction (February 2017) | UN Environment: Global Status Report (2017).

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