Ringcentral, Inc. · NYSE:RNG

Ringcentral — Merger or Acquisition (October 2019)

13 slides from Ringcentral's merger presentation, Oct 3, 2019

1. Slide 1: RingCentral to Become Exclusive Provider of UCaaS Solutions to Avaya in Strategic Partnership

   RingCentral to Become Exclusive Provider of UCaaS Solutions to Avaya in Strategic Partnership 1 | © 2019 RingCentral, Inc. All rights reserved.

2. Slide 2: Disclosures

   Disclosures This presentation and the accompanying oral presentation include forward-looking statements within the meaning of the federal securities laws. These statements relate to, among other things, RingCentral’s future financial and operating performance, RingCentral’s plans to partner with Ava

3. Slide 3: Strategic Partnership Between Two Industry Leaders

   Strategic Partnership Between Two Industry Leaders 1 RingCentral to Become Avaya’s Exclusive UCaaS Solution Provider 2 New Avaya Cloud Office by RingCentral Product to be Built on RingCentral’s Best-In-Class Technology Platform 3 Leverages Avaya’s Extensive Global Go-To-Market Ecosystem 4 Provides R

4. Slide 4: Accelerating UC Market Transition to Cloud

   Accelerating UC Market Transition to Cloud RingCentral to be exclusive provider of UCaaS solutions to Avaya ► Exclusive solution “Avaya Cloud Office by RingCentral” (“Avaya Cloud Office” or “ACO”) ► Empowers Avaya’s global sales and partner network across over 180 countries ► Attractive TCO for Avay

5. Slide 5: Leveraging RingCentral Platform and Avaya Global GTM

   Leveraging RingCentral Platform and Avaya Global GTM • Market Position : Leading UCaaS Provider • UC Installed Base : 100M+ Users • Unified Solution : Voice, Video, Team Messaging • Enterprise Leadership : 90%+ Fortune 100 • Open Platform : 2,500+ Integrations, 23K+ Developers • Global Reach : 180+

6. Slide 6: A Leader in the 2019 Gartner Magic Quadrant for Unified Communications as a Service

   ibdroot\projects\IBD-NY\ignition2019\637404_1\Presentations\Communications\Project Acura IR Materials v16.pptx A Leader in the 2019 Gartner Magic Quadrant for Unified Communications as a Service, Worldwide This graphic was published by Gartner, Inc. as part of a larger research document and should b

7. Slide 7: Delivering Cloud Solution to a Large UC Installed Base

   Delivering Cloud Solution to a Large UC Installed Base Global UC Installed Base (400M+) Avaya ► UC Leader with over 90% of Fortune 100 and over 55% International Avaya UC Installed Base (100M+) RingCentral ► UCaaS Leader with approximately 2M Users Global UC installed base estimate based on Synergy

8. Slide 8: Service Delivery Experience for Avaya Customers

   Service Delivery Experience for Avaya Customers Buy Activation & Use Customer Payment Deployment Care The Customer Journey Avaya RingCentral RingCentral & Avaya 8 | © 2019 RingCentral, Inc. All rights reserved.

9. Slide 9: Avaya Cloud Office by RingCentral

   Avaya Cloud Office by RingCentral 9 | © 2019 RingCentral, Inc. All rights reserved.

10. Slide 10: Agreement Terms

    Agreement Terms Commitment towards Avaya Cloud Office ► Joint contribution of resources towards development and GTM of Avaya Cloud Office ► RingCentral to pay Avaya $375 million advance mainly for future commissions and certain licensing rights ► Funded primarily in stock Minority investment in Avay

11. Slide 11: Positive Impact to Financial Model

    Positive Impact to Financial Model Committed to Pure-Play Software-as-a-Service Growth Model ► Reinforces RingCentral’s pure SaaS business model ► No asset or business purchase ► No partial or full financial consolidation or equity method accounting for RingCentral Growth and Profitability ► Enhance

12. Slide 12: Win-Win

    Win-Win ► Leverages Avaya’s global GTM capabilities ► Expands product portfolio with UCaaS ► Accelerates international reach ► Accelerates transformation to the cloud ► Generates favorable unit economics ► Strengthens balance sheet ► Creates new drivers for long-term growth ► Unlocks value from larg

13. Slide 13: RingCentral to Become Exclusive Provider of UCaaS Solutions to Avaya in Strategic Partnership

    RingCentral to Become Exclusive Provider of UCaaS Solutions to Avaya in Strategic Partnership 13 | © 2019 RingCentral, Inc. All rights reserved.

RingCentral — Merger or Acquisition (October 2019) on 6ix