{ "docId": "019de514-231c-70ea-bb99-d07003f96924", "docSlug": "41e7bef59a73c78f78db36984d0f39a7", "documentTitle": "Snowflake | Results Presentation Deck | 35 slides", "authorId": "snowflake", "authorName": "Snowflake", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "investor_relations", "sourceTypeLabel": "Investor relations", "presentationDate": "2022-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.7777778, "pageNumber": 2, "pageCount": 35, "prevPage": 1, "nextPage": 3, "slideType": "disclaimer", "function": "front_matter", "density": "overcrowded", "nDataPoints": 0, "notes": null, "elementsJson": null, "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019de514-231c-70ea-bb99-d07003f96924/2", "deckHref": "/decks/019de514-231c-70ea-bb99-d07003f96924", "deckJsonHref": "/decks/019de514-231c-70ea-bb99-d07003f96924.json", "deckAnchorHref": "/decks/019de514-231c-70ea-bb99-d07003f96924#slide-2", "components": [ { "bbox": { "h": 0.12, "w": 0.44, "x": 0.515, "y": 0.243 }, "kind": "disclaimer", "text": "accepted accounting principles in the United States (GAAP). These non-GAAP financial measures are in addition 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 GAAP equivalents. For example, other 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 measures as tools for comparison. Please see the Appendix for reconciliations of these non-GAAP financial measures to their nearest GAAP equivalents and for the calculation of certain other financial metrics.", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "0ddc7ae3-f17d-492e-ac12-719310761178", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.12, "w": 0.44, "x": 0.049, "y": 0.57 }, "kind": "disclaimer", "text": "You should not rely on forward-looking statements as predictions of future events. The events and circumstances reflected in the forward-looking statements may not be achieved or occur. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that the future results, performance, or events and circumstances reflected in the forward-looking statements will be achieved or occur. These forward-looking statements speak only as of the date of this presentation, and we undertake no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date hereof.", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "4a7f3f4a-7dc9-4125-a608-26629f5e8adf", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.036, "w": 0.44, "x": 0.049, "y": 0.85 }, "kind": "disclaimer", "text": "The trademarks included herein are the property of the owners thereof and are used for reference purposes only. Such use should not be construed as an endorsement of such products or services.", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "6a14cb00-3c05-4eb2-a048-5c35232d0aec", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.013, "w": 0.44, "x": 0.049, "y": 0.916 }, "kind": "disclaimer", "text": "This presentation also includes certain non-GAAP financial measures, which have not been prepared in accordance with generally", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "703a0b4d-440c-4a85-93be-89d49b99131a", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.301, "w": 0.44, "x": 0.049, "y": 0.243 }, "kind": "disclaimer", "text": "Other than statements of historical fact, all information contained in this presentation, including statements regarding our future operating results and financial position, our business strategy and plans, product, service, and technology offerings, market growth and trends, and objectives for future operations, are 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. In some cases, you can identify forward-looking statements by terminology such as \"may,\" \"will,\" \"should,\" \"plan,\" \"predict,\" \"expect,\" \"estimate,\" \"anticipate,\" \"intend,\" \"goal,\" \"strategy,\" \"believe,\" and similar expressions and variations thereof. We have based these forward-looking statements largely on our current expectations and projections about future events and trends that we believe may affect our financial condition, results of operations, business strategy, short-term and long-term business operations and objectives, and financial needs. These forward-looking statements are subject to a number of risks, uncertainties, and assumptions, including those described under the heading \"Risk Factors\" and elsewhere in our most recently filed Form 10-Q for the fiscal quarter ended April 30, 2022, the Form 10-Q for the fiscal quarter ended July 31, 2022 that will be filed, and other filings and reports we make with the Securities and Exchange Commission (SEC) from time to time. It is not possible for us to predict all risks, nor can we assess the effect of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of these risks, uncertainties, and assumptions, the future events and trends discussed in this presentation may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements.", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "a65a25e2-4e08-4161-a7ce-c81a599db469", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.132, "w": 0.44, "x": 0.515, "y": 0.383 }, "kind": "disclaimer", "text": "Our non-GAAP product gross profit, operating income (loss), and net income (loss) measures exclude the effect of stock-based compensation-related charges, including employer payroll tax-related items on employee stock transactions, amortization of acquired intangibles, expenses associated with acquisitions and strategic investments, and the related income tax effect of these adjustments as well as the non-recurring income tax expense or benefit associated with acquisitions. We believe the presentation of operating results that exclude these non-cash or non-recurring items provides useful supplemental information to investors and facilitates the analysis of our operating results and comparison of operating results across reporting periods.", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "aa4b1351-4536-48eb-836f-0b4c4889fbd1", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.105, "w": 0.44, "x": 0.049, "y": 0.71 }, "kind": "disclaimer", "text": "This presentation contains statistical data, estimates, and forecasts that are based on independent industry publications or other publicly available information, as well as other information based on our internal sources. While we believe the industry and market data included in this presentation are reliable and are based on reasonable assumptions, these data involve many assumptions and limitations, and you are cautioned not to give undue weight to these estimates. We have not independently verified the accuracy or completeness of the data contained in these industry publications and other publicly available information.", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "b75395a2-5634-468c-9b23-2f8f17ceeb74", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.12, "w": 0.44, "x": 0.515, "y": 0.54 }, "kind": "disclaimer", "text": "Free cash flow is defined as net cash provided by (used in) operating activities reduced by purchases of property and equipment and capitalized internal-use software development costs. Cash outflows for employee payroll tax items related to the net share settlement of equity awards are included in cash flow for financing activities and, as a result, do not have an effect on the calculation of free cash flow. Free cash flow margin is calculated as free cash flow as a percentage of revenue. We believe these measures provide useful supplemental information to investors because they are indicators of the strength and performance of our core business operations.", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "dc4afc26-a693-44cc-80ac-8ec6a45cfb5a", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.168, "w": 0.44, "x": 0.515, "y": 0.679 }, "kind": "disclaimer", "text": "Adjusted free cash flow is defined as free cash flow plus (minus) net cash paid (received) on employer and employee payroll tax-related items on employee stock transactions. Employee payroll tax-related items on employee stock transactions are generally pass-through transactions that are expected to have a net zero impact on free cash flow over time, but that may impact free cash flow in any given fiscal quarter due to differences between the time that we receive funds from our employees and the time we remit those funds to applicable tax authorities. We believe that excluding the effects of these payroll tax-related items will enhance stockholders' ability to evaluate our free cash flow performance, including on a quarter-over-quarter basis. Adjusted free cash flow margin is calculated as adjusted free cash flow as a percentage of revenue. We believe these measures provide useful supplemental information to investors because they are indicators of the strength and performance of our core business operations.", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "ecd1b8a1-2840-4669-a2ba-247e4c96caca", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.013, "w": 0.008, "x": 0.953, "y": 0.946 }, "kind": "source-note", "text": "2", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "10df3896-7e58-400f-9a60-5e5e97bb6182", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.013, "w": 0.179, "x": 0.065, "y": 0.946 }, "kind": "source-note", "text": "2022 Snowflake Inc. All Rights Reserved", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "3f5e3427-6219-4f57-8a3c-803eefa971b1", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.129, "w": 0.901, "x": 0.049, "y": 0.08 }, "kind": "title", "text": "Safe Harbor and Statement Regarding Use of Non-GAAP Financial Measures", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "bebb6d51-51b4-4ed7-8be9-74b09932771e", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }