1、 2024 Snowflake Inc.All Rights ReservedFirst Quarter Fiscal 2025SNOWFLAKEINVESTORPRESENTATION 2024 Snowflake Inc.All Rights ReservedThis presentation includes certain non-GAAP financial measures,which have not been prepared in accordance with generally accepted accounting principles in the United St

2、ates(GAAP).These non-GAAP financial measures are inaddition to,and not as a substitute for,or superior to,financial measures calculated in accordance with GAAP.There are a number of limitations related to the use of these non-GAAP financial measures versus their nearest GAAPequivalents.For example,o

3、ther companies may calculate non-GAAP financial measures differently or may use other measures to evaluate their performance,all of which could reduce the usefulness of our non-GAAP financial measuresas tools for comparison.Please see the Appendix for reconciliations of these non-GAAP financial meas

4、ures to their nearest GAAP equivalents and for the calculation of certain other financial metrics.Non-GAAP product gross profit,total operating expenses,operating income(loss),net income(loss),and net income(loss)attributable to Snowflake Inc.are each defined as the respective GAAP measure,excluding

5、,as applicable,theeffect of(i)stock-based compensation-related charges,including employer payroll tax-related items on employee stock transactions,(ii)amortization of acquired intangibles,(iii)expenses associated with acquisitions and strategicinvestments,(iv)adjustments attributable to noncontrolli

6、ng interest,and(v)the related income tax effect of these adjustments as well as the non-recurring income tax expense or benefit associated with acquisitions.Non-GAAP productgross margin is calculated as non-GAAP product gross profit as a percentage of product revenue.Non-GAAP operating margin is cal