AvePoint : Investor Presentation

Investor Presentation

MAY 2024

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DISCLAIMER

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This presentation ("Presentation") is for informational purposes only and shall not be reproduced or distributed in whole or in part without the express written consent of AvePoint, Inc.

No Reliance

No representations or warranties, express or implied, are given in, or in respect of, this Presentation. To the fullest extent permitted by law, under no circumstances will AvePoint, its subsidiaries, or any of their respective affiliates be responsible or liable for a direct, indirect, or consequential loss or loss of profit arising from the use of this Presentation, its contents, its omissions, reliance on the information contained within it, or on opinions communicated in relation thereto or otherwise arising in connection therewith. In addition, this Presentation does not purport to be all-inclusive or to contain all of the information that may be required to make a full analysis of AvePoint. Viewers of this Presentation should each make their own evaluation of AvePoint and of the relevance and adequacy of the information and should make such other investigations as they deem necessary.

Forward-Looking Statements

Certain statements included in this Presentation that are not historical facts are forward-looking statements for purposes of the United States federal securities laws (including the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995). Our forward-looking statements include, but are not limited to, statements regarding AvePoint's and AvePoint's management team's expectations, hopes, beliefs, intentions or strategies regarding the future. Forward-looking statements generally are accompanied by words such as "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "expect," "should," "would," "plan," "predict," "potential," "seem," "seek," "future," "outlook," and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of other financial and performance metrics and projections of market opportunity. These statements are based on various assumptions, whether or not identified in this Presentation, and on the current expectations of the respective management of AvePoint and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by anyone as, a guarantee, an assurance, a prediction, or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of AvePoint. These forward-looking statements are subject to a number of risks and uncertainties, and if any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements.

Use of Projections

This Presentation contains projected financial information. Such projected financial information constitutes forward-looking information, and is for illustrative purposes only and should not be relied upon as necessarily being indicative of future results. The assumptions and estimates underling such financial forecast information are inherently uncertain and are subject to a wide variety of significant business, economic, competitive, and other risks and uncertainties. See "Forward- Looking Statements" above. Actual results may differ materially from the results contemplated by the financial forecast information contained in this Presentation, and the inclusion of such information in this Presentation should not be regarded as a representation by any person that the results reflected in such forecasts will be achieved.

Use of Data

The data contained herein is derived from various internal and external sources. No representation is made as to the reasonableness of the assumptions made within or the accuracy or completeness of any projections or modeling or any other information contained herein. Any data on past performance or modeling contained herein is not an indication as to future performance. AvePoint assumes no obligation to update the information in this presentation.

Use of Non-GAAP Financial Metrics and Other Key Financial Metrics

This Presentation includes certain non-GAAP financial measures (including on a forward-looking basis) such as non-GAAP operating income (loss) and non-GAAP operating margin. AvePoint defines non-GAAP operating income (loss) as GAAP operating income (loss) plus stock-based compensation and the amortization of acquired intangible assets. Non-GAAP operating margin is non-GAAP operating income (loss) divided by total revenue. These non-GAAP measures are an addition, and not a substitute for or superior to measures of financial performance prepared in accordance with GAAP and should not be considered as an alternative to net income, operating income or any other performance measures derived in accordance with GAAP. Reconciliations of non-GAAP measures to their most directly comparable GAAP counterparts are included in the Appendix to this Presentation. AvePoint believes that these non-GAAP measures of financial results (including on a forward-looking basis) provide useful supplemental information to investors about AvePoint. AvePoint's management uses forward looking non-GAAP measures to evaluate AvePoint's projected financial and operating performance. However, there are a number of limitations related to the use of these non-GAAP measures and their nearest GAAP equivalents. For example, other companies may calculate non-GAAP measures differently, or may use other measures to calculate their financial performance, and therefore AvePoint's non-GAAP measures may not be directly comparable to similarly titled measures of other companies. In addition to the non-GAAP metric described above, AvePoint management uses the key financial metric annual recurring revenue ("ARR"). ARR is the annualized sum of contractually obligated Annual Contract Value ("ACV") from SaaS, term license and support and maintenance revenues, from all active customers.

No Solicitation, Offer, Recommendation, or Advice

This Presentation shall not constitute nor be construed as an offer to sell, or the solicitation of an offer to buy, any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation, or sale would be unlawful.

Further Information

Investors and security holders of AvePoint are urged to read AvePoint's recent disclosure statements and other relevant documents that have been or will be filed with the SEC carefully and in their entirety when they become available because they will contain important information about AvePoint. Investors and security holders will be able to obtain free copies of such documents containing important information about AvePoint through the website maintained by the SEC at www.sec.gov. Copies of the documents filed with the SEC by AvePoint can be obtained free of charge by directing a written request to AvePoint Investor Relations at 901 East Byrd Street, Suite 900, Richmond VA 23213 or by emailing IR@avepoint©AvePoint,.comInc. . All rights reserved. Proprietary information of AvePoint, Inc.

AvePoint provides the

most advanced platform for data management and data governance

3 ©AvePoint, Inc. All rights reserved. Proprietary information of AvePoint, Inc.

DRIVING SHAREHOLDER VALUE

Advance	Capture	Prioritize
Digital Workplace	Growing Markets	Profitable Growth

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Business Highlights

$274.5 million	21,000+
Annual Recurring Revenue	Customers
44%	100+
SaaS Revenue Growth	Countries
23%	~2,650
ARR Growth	Employees
86%	25
Recurring Revenue	Global Offices

ARR as of March 31, 2024. SaaS revenue growth and recurring revenue mix are for Q1 2024. Customer count as of December 31, 2023.

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Investment Highlights

Durable Industry

Tailwinds

Platform Motion

Driving Land and

Expand

Industry Leading

Innovation

Strong ARR Growth

Highly Predictable

Recurring Revenue

Model

Improving Profitability & Cash Flow Generation

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Strategic Priorities

Accelerate	Expand	Scale	Broaden	Strategic
Customer	Confidence	Channel
Market	Acquisitions &
Adoption	Platform	Ecosystem
Presence	Investments
	Offerings

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Communications

Key Customers We Serve

Retail/Consumer		Pharma & Health		Financial Services		Gov & Education

US TREASURY DEPT

US DEPT OF STATE

High Technology

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Macro Trends are Tailwinds

Proliferation of	Need for Business	Evolving Compliance
Software and Data	Optimization	and Threat Landscape

• On average, organizations have 4-6data platforms1
• 10% of all data will be produced by generative AI2
• 75%+ of organizations have a decentralized data architecture1

• Sustainable, profitable growth by reducing costs and improving productivity
• Investments in platform plays built on automation
• Growing need to become more digitally resilient

• Global Zero Trust security market $60.7 billion by 20273
• Average cost of a data breach is ~$4.5 million4
• 90% of company boards regard cybersecurity as a business risk rather than an IT problem5

1. Starburst Strategy, March 22, 2022. 2. Satya Nadella, February 7, 2023. 3. Markets and Markets; December 12, 2022. 4. Security Magazine, October 17, 2022. 5. Gartner, November 18, 2021.

9 ©AvePoint, Inc. All rights reserved. Proprietary information of AvePoint, Inc.

Common Digital Workplace Challenges

Data	Dispersed	Cybersecurity
Management	Resources	Concerns
Delays in content development	Increased on-boarding time	Lack of visibility
and implementation
Unreliable version control	Increased IT	Incompatible security measures
support workload
Inefficient co-authoring	Lack of centralized	Compliance violations
and file sharing	information hub
Difficult to involve	Tools used inconsistently	Integration challenges
outside contributors	across the organization

10 ©AvePoint, Inc. All rights reserved. Proprietary information of AvePoint, Inc.