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Strong Growth in Annual Billings and Profitability <br />BILLINGS GAAP OPERATING MARGIN <br />CAGR:24% <br />1.813 2.213 2.613 3.113 4.213 Z5% 13.0% 16.2% 20.5 % 19.5% <br />2017 2018 2019 2020 2021 2017 2018 2019 2020 2021 <br />Highly Diversified Across Regions and Segments <br />022022 022022 <br />REVENUE BY REGION BILLINGS BY SEGMENT <br />■ EMEA ■ AMERICAS IN APAC <br />Technological Leadership <br />Nearly 3X more patents than comparable Network <br />Security companies <br />N <br />Palo Alto Networks 344 <br />= <br />ate+ <br />Sonic Wall 219 <br />NZscaler <br />139 <br />Check Point 95 <br />Source: US Patent Office, As of June 30, 2022 <br />■ HIGH -END ■ MIDRANGE ■ ENTRY-LEVEL <br />925 <br />1279 <br />Global Patents <br />925 U.S. Patents <br />354 International Patents <br />(247 Pending Patents) <br />A Large and Growing Total Available Market <br />Total Addressable market <br />of $13813 in 2022 growing <br />to $19913 by 2026 <br />Source: Fortinet estimates based on recent <br />analyst research. 2026 opportunity shown. <br />The Most Deployed Network Security Solutior <br />Over One -Third of All Firewall Shipments <br />40.0% <br />35.0%— `IDC <br />30.0% <br />25.0 % <br />R <br />s <br />N 20.0 <br />'e <br />15.0% <br />Fe:eRrinET <br />Cisco <br />10.0 <br />Check Point <br />5.0 <br />{� f�Palo Alto Networks <br />0.07 <br />City Council 2009 2010 2011 1*12 5713 2014 2015 2016 2017 8/219/2024 2020 2021 <br />Source: IDC Worldwide Security Appliance Tracker, February 2022 (based on unit shipments of Firewall, UTM, and VPN appliances) <br />