Okta, Inc. · NASDAQ:OKTA

Okta — Investor Day (April 2020)

145 slides from Okta's investor day presentation, Apr 1, 2020

  1. Slide 1: Investor Day FY21

    INVESTOR DAY FY21 April 1, 2020 © Okta and/or its affiliates. All rights reserved.

  2. Slide 2: Safe harbor

    Safe harbor This presentation contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding our financial outlook, product development, business strategy and plans a

  3. Slide 3: Agenda

    Agenda Presenter Topic Time Todd McKinnon Market Landscape and Corporate Strategy 11:00 CEO & Co-Founder Frederic Kerrest Customer Fireside Chat 11:15 EVC, COO & Co-Founder with Dentsu Aegis Network Diya Jolly New Products and Product Strategy 11:25 Chief Product Officer Frederic Kerrest Customer Fi

  4. Slide 4: Okta's Long-Term Advantage

    INVESTOR DAY FY21 TODD MCKINNON, CEO OKTA’S LONG-TERM ADVANTAGE © Okta and/or its affiliates. All rights reserved. Confidential.

  5. Slide 5: Okta is the identity company that stands for trust

    Okta is the identity company that stands for trust

  6. Slide 6: The most important things

    The most important things 1 2 3 HEALTH AND SERVICE ADAPT BY SAFETY OF RELIABILITY + BEING AGILE EMPLOYEES + CUSTOMER AND FLEXIBLE COMMUNITY SUCCESS

  7. Slide 7: Customer message on remote work

    My renee FRyan Carison: Freden Kecrest: Executive Summit; Praveen Narang: David Ta ‘This message originated outside your organization ‘Sami Laine @ 1210°M Ryan ‘Checking in from Okta Cupertino Executive Briefing Center ‘You guys set the bar. That was net easy. As a customer and a friend... | really

  8. Slide 8: Enable any organization to use any technology

    COMPANY VISION Enable any organization to use any technology

  9. Slide 9: Global 2000 customers

    Global 2000 customers KAN Adobe Ramm BROWN-FORMAN “erent me (QRDKcoment S MCKESSON aentsu GB vcr neary Discover : ‘ HITACHI mecis y dish Dosm CNGie ra flex COMED EREL IFrF e jetBlue AMGEN A) zz armacetcals N Nasdaq S$ New: Compe SLabCorp . * iad Mcmpesorrs O “SIORSIS NORDSTROM storage WF servicenow

  10. Slide 10: Thousands of organizations depend on Okta

    Thousands of organizations depend on Okta

  11. Slide 11: Become the identity standard

    Become the identity standard Build the Connect the network company

  12. Slide 12: Leverage our agility and flexibility for the long-term opportunity

    Leverage our agility and flexibility for the long-term opportunity

  13. Slide 13: Deliver a seamless, secure customer experience

    Deliver a secure, Adopt a Modernize IT seamless customer Zero Trust experience security model REDUCE COSTS AND ACCELERATE BUSINESS REDUCE THE RISK DRIVE OPERATIONAL GROWTH, REVENUE, AND COST OF A EFFICIENCY AND PROFIT SECURITY INCIDENT

  14. Slide 14: The new standard for identity

    The new standard for identity CRM IAAS HR COLLABORATION FINANCE Identity Cloud

  15. Slide 15: Okta Integration Network

    o.. . | vOkta Integration: ae “+ Network —

  16. Slide 16: Okta Identity Cloud

    Okta Identity Cloud An independent and neutral platform for workforce identity A scalable and secure customer identity platform An identity centric approach to Zero Trust security

  17. Slide 17: Products Platform Services

    Customer Identity Products Single Universal Advanced Adaptive Lifecycle Access API Access Developer One App Enterprise Sign-On Directory Server Access MFA Mgmt. Gateway Mgmt. Workforce Identity Platform Services Directories Integrations Insights Identity Engine Workflows Devices

  18. Slide 18: Oktane20 Announcements

    Oktane20 Announcements App-level Policies Deeper Onboarding Okta FastPass Flexible Account More Flexible Device Visibility Recovery Offboarding Remote Sign-Out Integration Resolve Identity Device Context Ecosystems Conflicts Endpoint Security Integrations Limited Access

  19. Slide 19: Okta TAM est. $55B

    Okta TAM est. $55B Workforce Identity Customer Identity TAM TAM $30B $25B

  20. Slide 20: What you'll hear today

    What you’ll hear today Customer + Product Partner Go to Financial Strategy Success Market Model DI Y A J OL L Y F RE DE RI C K E RRE ST C HA RL E S RA C E BI L L L OS C H

  21. Slide 21: Workforce identity customer initiatives

    Dominic Shine Frederic Kerrest Group CIO EVC, COO + Co-Founder INITIATIVES PROJECTS PRODUCTS Move to the cloud SSO for employees/partners SSO Reduce IT friction Accelerate cloud adoption Universal Directory WORKFORCE Protect against data breaches Deploy MFA everywhere Lifecycle management IDENTITY A

  22. Slide 22: Growth at Scale

    INVESTOR DAY FY21 DIYA JOLLY, CHIEF PRODUCT OFFICER GROWTH AT SCALE © Okta and/or its affiliates. All rights reserved. Confidential.

  23. Slide 23: Enable any organization to use any technology

    Enable any organization to use any technology

  24. Slide 24: Platform

    PLATFORM

  25. Slide 25: Open & extensible

    Open & extensible Accessible for everyone Secure & private

  26. Slide 26: The Okta Identity Cloud

    The Okta Identity Cloud

  27. Slide 27: Platform Services

    Platform Services Directories Integrations Insights Identity Engine Workflows Devices

  28. Slide 28: Across every use case

    Across every use case Customer Identity Single Universal Advanced Adaptive Lifecycle Access API Access Developer One App Enterprise Sign-On Directory Server Access MFA Mgmt. Gateway Mgmt. Workforce Identity

  29. Slide 29: Modernize IT

    Modernize IT CIOs IT Administrators

  30. Slide 30: Deliver a seamless, secure customer experience

    Deliver a seamless, secure customer experience Product Marketing development organizations

  31. Slide 31: Adopt a Zero Trust approach

    Adopt a Zero Trust approach CISOs Security Teams

  32. Slide 32: Modernize IT

    Modernize IT CIOs IT Administrators

  33. Slide 33: Managing complex organizations

    Managing complex organizations

  34. Slide 34: Managing complex organizations

    Managing complex organizations

  35. Slide 35: Managing complex organizations

    Managing complex organizations

  36. Slide 36: Managing complex organizations

    Managing complex organizations

  37. Slide 37: Managing complex organizations

    Managing complex organizations

  38. Slide 38: Identity: the key to solving complexity

    The key to solving complexity IDENTITY

  39. Slide 39: Okta Workflows

    Okta Workflows

  40. Slide 40: Automating Identity Lifecycle

    Automating Identity Lifecycle Laura Chape Contractor

  41. Slide 41: Automating Identity Lifecycle

    Automating Identity Lifecycle

  42. Slide 42: Okta Directories

    Okta Directories

  43. Slide 43: Okta Directories

    Okta Directories Financial Advisor Loan Officer

  44. Slide 44: Automating Identity Lifecycle

    Automating Identity Lifecycle Laura Chape Full Time Employee Mobile App Team

  45. Slide 45: Automating Identity Lifecycle

    Automating Identity Lifecycle

  46. Slide 46: Okta Directories

    Okta Directories

  47. Slide 47: Advanced Server Access

    Advanced Server Access +

  48. Slide 48: Decentralizing control

    Decentralizing control m TK WS @ @ | | | | | | Salata Zntaln Satake Satake Subatn Setata

  49. Slide 49: Public APIs

    Public APIs -Bieoce Mortgage Group ---- [3] YOO®@ Local Branch YIYOO Digital Banking Group EN OOO Ik ooee

  50. Slide 50: Deliver a seamless, secure customer experience

    Deliver a seamless, secure customer experience Product Marketing development organizations

  51. Slide 51: Free up your scarce resources to innovate

    Free up your scarce resources to innovate

  52. Slide 52: Free up your scarce resources to innovate

    Free up your scarce resources to innovate

  53. Slide 53: Custom access experiences

    Custom access experiences Identify Authorize Enroll Issue

  54. Slide 54: Custom access experiences

    Custom access experiences AB authwest Airlines

  55. Slide 55: Custom access experiences

    Custom access experiences

  56. Slide 56: Custom access experiences

    Custom access experiences 4&4 a 8

  57. Slide 57: Privacy + consent

    Privacy + consent

  58. Slide 58: Privacy + consent

    Privacy + consent

  59. Slide 59: Privacy + consent

    Privacy + consent OKTA INTEGRATION NETWORK

  60. Slide 60: Privacy + consent

    Privacy + consent Hi Nick v $117.96 $25.00 Total: $142.96 Saal Check out in one click:

  61. Slide 61: Deepening integrations

    Deepening integrations OKTA INTEGRATION NETWORK

  62. Slide 62: Zero Trust approach to security

    Zero Trust approach to security CISOs Security Teams

  63. Slide 63: End-to-end security

    End-to-end security Contractor Customer Health Insurance company Pharmacist Employees

  64. Slide 64: Fragmented ecosystem

    Fragmented ecosystem

  65. Slide 65: Identity is end-to-end

    Identity is end-to-end

  66. Slide 66: End-to-end security

    End-to-end security The right Have the right To the right In the right That is continuously people level of access resources context assessed

  67. Slide 67: Okta Devices

    Okta Devices

  68. Slide 68: Okta Devices Platform Service

    Okta Devices Platform Service

  69. Slide 69: Okta Devices Platform Service

    Okta Devices Platform Service

  70. Slide 70: Assess risk, take action

    ASSESS TAKE RISK ACTION

  71. Slide 71: Risk engine

    Risk engine vmware’ Carbon Black Now cencase UMcAfee =: slack

  72. Slide 72: Risk engine

    Risk engine vmware’ Carbon Black # netskope salesforce mbitglass Google Now cencase UMcAfee —_ #: slack

  73. Slide 73: Session management

    Session management

  74. Slide 74: Automating Session Management

    Automating Session Management When this If this Do this Do that

  75. Slide 75: Address new use cases faster

    Address new use cases faster Rapidly innovate Enable others to build on Okta

  76. Slide 76: Enable any organization to use any technology

    Enable any organization to use any technology

  77. Slide 77: Customer identity initiatives

    Satish Iyer Frederic Kerrest VP, Product + Strategy EVC, COO + Co-Founder INITIATIVES PROJECTS PRODUCTS Modernize infrastructure Integrate apps Authentication Cultivate user trust Integrate enterprise identities Authorization CUSTOMER Transform into a digital platform Build highly scalable apps User

  78. Slide 78: Go-to-Market Update

    INVESTOR DAY FY21 CHARLES RACE PRESIDENT, WORLDWIDE FIELD OPERATIONS GO-TO-MARKET UPDATE © Okta and/or its affiliates. All rights reserved. Confidential.

  79. Slide 79: Why we win

    Why we win ATTACHED TO PERVASIVENESS LONG TERM 3 SECULAR OF IDENTITY VISION TRENDS © Okta and/or its affiliates. All rights reserved. Confidential.

  80. Slide 80: Strong revenue growth

    Strong revenue growth FY20 Y 20 $586M -F F Y17 R C AG FY19 % 54 $399M FY18 $257M FY17 $160M © Okta and/or its affiliates. All rights reserved. Confidential.

  81. Slide 81: FY21 go-to-market strategy

    FY21 go-to-market strategy CUSTOMER RETENTION NEW LOGO LAND AND PIPELINE INTERNATIONAL ACQUISITION EXPAND EFFICIENCY GROWTH PRODUCTIVITY © Okta and/or its affiliates. All rights reserved. Confidential.

  82. Slide 82: New logo acquisition through Customer Identity

    New logo acquisition through Customer Identity © Okta and/or its affiliates. All rights reserved. Confidential.

  83. Slide 83: Strong Customer Identity momentum in FY20

    Strong Customer Identity momentum in FY20 © Okta and/or its affiliates. All rights reserved. Confidential.

  84. Slide 84: Customer Identity tailwinds

    Customer Identity tailwinds DIGITAL SECURITY B2B CCPA + GDPR TRANSFORMATION © Okta and/or its affiliates. All rights reserved. Confidential.

  85. Slide 85: Land + expand through Okta Trust

    Land + expand through Okta Trust © Okta and/or its affiliates. All rights reserved. Confidential.

  86. Slide 86: What is Okta Trust?

    What is Okta Trust? SCALE RELIABILITY SECURITY © Okta and/or its affiliates. All rights reserved. Confidential.

  87. Slide 87: Okta Access Gateway and Advanced Server Access

    Okta Access Okta Advanced Gateway Server Access © Okta and/or its affiliates. All rights reserved. Confidential.

  88. Slide 88: Okta Access Gateway and Advanced Server Access

    Okta Access Okta Advanced Gateway Server Access © Okta and/or its affiliates. All rights reserved. Confidential.

  89. Slide 89: Global 2000

    Global 2000 Over 20% penetration © Okta and/or its affiliates. All rights reserved. Confidential.

  90. Slide 90: Multiple landing points: Healthcare

    Multiple landing points and expansion opportunities Case Study: Healthcare Expand Products Total Lifetime $2.7M Spend: $4.7M Expand Expand Users Use Case New Use $164K Case $452K Workforce $640K Identity TOTAL SPEND Land $617K Customer Identity Expand Use Case $88K TIME (CY) 2016 2017 2018 2019 Note

  91. Slide 91: Multiple landing points: Consulting

    Multiple landing points and expansion opportunities Case Study: Consulting Total Lifetime Spend: $7.6M Land $4.1M Expand Users $230K Workforce Identity TOTAL SPEND Expand Product $2.4M New Use Case Customer $904K Identity TIME (CY) 2016 2017 2018 2019 Note: Circles indicate total contract value. © O

  92. Slide 92: Pipeline efficiency through partners

    Pipeline efficiency through partners © Okta and/or its affiliates. All rights reserved. Confidential.

  93. Slide 93: Partner strategy

    Partner strategy PARTNER SELLING PARTNER LED DISTRIBUTION ACTIVITY IMPLEMENTATION © Okta and/or its affiliates. All rights reserved. Confidential.

  94. Slide 94: Geographic strength through partners

    Geographic strength through partners >1,000 CHANNEL PARTNERS WORLDWIDE © Okta and/or its affiliates. All rights reserved. Confidential.

  95. Slide 95: International expansion

    International expansion © Okta and/or its affiliates. All rights reserved. Confidential.

  96. Slide 96: New and expanded international presence

    New and expanded international presence AMSTERDAM MUNICH PARIS © Okta and/or its affiliates. All rights reserved. Confidential.

  97. Slide 97: New data center expands presence in APAC

    New data center expands presence in APAC APAC DATACENTER © Okta and/or its affiliates. All rights reserved. Confidential.

  98. Slide 98: © Okta and/or its affiliates. All rights reserved. Confidential.

    © Okta and/or its affiliates. All rights reserved. Confidential.

  99. Slide 99: Productivity increase through segmentation

    Productivity increase through segmentation © Okta and/or its affiliates. All rights reserved. Confidential.

  100. Slide 100: Go-to-market segmentation

    Go-to-market segmentation PIPELINE ENTERPRISE BUSINESS PARTNER MANAGEMENT ECOSYSTEM Field Specialist Presales SMEs Independent Inside Sales Named Accounts Software Vendors Value Enterprise Engineering Sales Systems Integrators Demand Development Enterprise Accounts Generation and Field Marketing Com

  101. Slide 101: Retention through adoption

    Retention through adoption © Okta and/or its affiliates. All rights reserved. Confidential.

  102. Slide 102: Our customer first playbook for customer success

    Our customer first playbook for customer success LEARN DEPLOY The confidence and skills The experience and customers need to successfully expertise behind thousands harness the power of Okta. of successful deployments. GROW ADOPT The strategic partners they The insights to ensure need when it’s time

  103. Slide 103: Happy customers buy more software

    Happy customers buy more software © Okta and/or its affiliates. All rights reserved. Confidential.

  104. Slide 104: FY21 go-to-market strategy

    FY21 go-to-market strategy CUSTOMER RETENTION NEW LOGO LAND AND PIPELINE INTERNATIONAL ACQUISITION EXPAND EFFICIENCY GROWTH PRODUCTIVITY © Okta and/or its affiliates. All rights reserved. Confidential.

  105. Slide 105: It's just the beginning

    It’s just the beginning © Okta and/or its affiliates. All rights reserved. Confidential.

  106. Slide 106: Partner: Optiv Global Partner of the Year

    Todd Weber Frederic Kerrest Chief Technology Officer EVC, COO + Co-Founder GLOBAL PARTNER OF THE YEAR • Optiv Security is a leading global security solutions integrator and consecutive winner of PARTNER Okta’s Global Partner of the year NETWORK • Okta is able to leverage Optiv Security’s broad custo

  107. Slide 107: Safe harbor

    Safe harbor This presentation contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding our financial outlook, product development, business strategy and plans a

  108. Slide 108: Financial Update

    INVESTOR DAY FY21 BILL LOSCH, CFO FINANCIAL UPDATE © Okta and/or its affiliates. All rights reserved.

  109. Slide 109: Key takeaways

    Key takeaways Strong Large addressable Attractive foundation markets, with long-term for growth multiple growth financial profile vectors © Okta and/or its affiliates. All rights reserved.

  110. Slide 110: Strong foundation for growth

    Strong foundation for growth

  111. Slide 111: Strong foundation for growth

    Strong foundation for growth High growth Multiple expansion Positioned subscription vectors and powerful for substantial model network effects operating leverage © Okta and/or its affiliates. All rights reserved.

  112. Slide 112: Strong foundation for growth: executing at scale

    Strong foundation for growth Executing at scale 54% 77% 6% Revenue CAGR FY20 total non-GAAP gross FY20 FCF margin from FY17-20 margin up 980 bps vs. FY171 up 3,970 bps vs. FY171 66% 119% Remaining performance TTM dollar based obligations y/y growth2 net retention rate2,3 1. See appendix for non-GAAP

  113. Slide 113: Fiscal 2021 Guidance

    Fiscal 2021 Guidance Reaffirmed revenue outlook and improved operating profit outlook Q1 FY21 – NEW Q1 FY21 - PREVIOUS Fiscal 2021 - NEW Fiscal 2021 - PREVIOUS (April 30, 2020) (April 30, 2020) (January 31, 2021) (January 31, 2021) Total revenue No change $171M to $173M No change $770M to $780M Tota

  114. Slide 114: FY21 Guidance Considerations

    FY21 Guidance Considerations Growth Profitability • Longer sales cycles for enterprise • Reduced spend on sales and marketing • Delay in deals closing creates some near-term headwinds to RPO and • Lower employee related costs billings growth • Risks associated with highly impacted • Significant decr

  115. Slide 115: Large addressable markets, with multiple growth vectors

    Large addressable markets, with multiple growth vectors

  116. Slide 116: Okta global total addressable market of $55B

    Large addressable markets, with multiple growth vectors Okta global total addressable market of $55B Workforce Customer Identity Identity $30B $25B © Okta and/or its affiliates. All rights reserved.

  117. Slide 117: Okta global workforce identity TAM

    Large addressable markets, with multiple growth vectors Okta global workforce identity TAM $30B GR 1 9 % CA Growing $18B Success with number of world’s largest target customers New and organizations advanced product $2B offerings $4B $6B Methodology: $30B TAM based on over 50,000 U.S. businesses wit

  118. Slide 118: Okta global customer identity TAM

    Large addressable markets, with multiple growth vectors Okta global customer identity TAM $25B Based on 4.4 billion combined Facebook users and service employees worldwide multiplied by internal application usage and pricing assumptions. © Okta and/or its affiliates. All rights reserved.

  119. Slide 119: Workforce and Customer Identity

    Workforce and Customer Identity Workforce Identity Customer Identity Single Universal sign-on directory 77% of total ACV 23% of total ACV Adaptive API access Lifecycle 41% y/y growth rate MFA management management 68% y/y growth rate Advanced Access server access gateway Allocations and growth rates

  120. Slide 120: Four primary growth drivers

    Large addressable markets, with multiple growth vectors Four primary growth drivers Innovation in Landing & Growing Making investments platform and expanding in partner in international network large enterprise channel expansion © Okta and/or its affiliates. All rights reserved.

  121. Slide 121: Four primary growth drivers

    Large addressable markets, with multiple growth vectors Four primary growth drivers Innovation in Landing & Growing Making investments platform and expanding in partner in international network large enterprise channel expansion © Okta and/or its affiliates. All rights reserved.

  122. Slide 122: Innovation creates powerful network effects

    Innovation creates powerful network effects More integrations Deeper signals Server Applications Devices Device State Biometrics s End Point Security User Behavior Mobile Security Application Logs IaaS APIs Network 3rd Party Intelligence More customers More use cases Zero Trust Security Analytics Co

  123. Slide 123: Four primary growth drivers

    Large addressable markets, with multiple growth vectors Four primary growth drivers Innovation in Landing & Growing Making investments platform and expanding in partner in international network large enterprise channel expansion © Okta and/or its affiliates. All rights reserved.

  124. Slide 124: Landing and expanding in large enterprise

    Landing and expanding in large enterprise Strong progress with large enterprise customers – ample room for growth Global 2000 Over 20% penetration 1 ~6x company average ACV 2 1. As of Q4 FY20. 2. Annual Contract Value. © Okta and/or its affiliates. All rights reserved.

  125. Slide 125: Landing and expanding in large enterprise

    Landing and expanding in large enterprise Customers with >$500K ACV grew faster than > $100K cohort FY19 FY20 Growth (y/y) >$500K Customers 153 243 59% >$100K Customers 1,038 1,467 41% © Okta and/or its affiliates. All rights reserved.

  126. Slide 126: Landing and expanding in large enterprise: top customer journey

    Landing and expanding in large enterprise Top 25 customer journey Industry Customer A: Biotechnology Customer B: Biotechnology Customer C: Retail Customer D: Electronics Customer E: Technology Customer F: Electronics Customer G: Utilities Customer H: Utilities Customer I: Banking Customer J: Retail

  127. Slide 127: Landing and expanding in large enterprise: top customer journey

    Landing and expanding in large enterprise Top 25 customer journey Industry Customer A: Biotechnology Customer B: Biotechnology Customer C: Retail Customer D: Electronics Customer E: Technology Customer F: Electronics Customer G: Utilities Customer H: Utilities Customer I: Banking Customer J: Retail

  128. Slide 128: Landing and expanding in large enterprise: top customer journey

    Landing and expanding in large enterprise Top 25 customer journey Industry Customer A: Biotechnology Customer B: Biotechnology Customer C: Retail Customer D: Electronics Customer E: Technology Customer F: Electronics Customer G: Utilities Customer H: Utilities Customer I: Banking Customer J: Retail

  129. Slide 129: Landing and expanding in large enterprise

    Landing and expanding in large enterprise 120% 100% Key Drivers 80% • Strong gross retention rates • Strong upsell and expansion 60% 121% 121% 120% 120% 119% 118% 117% 119% • New product introductions 40% 20% 0% Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 Q1 FY20 Q2 FY20 Q3 FY20 Q4 FY20 © Okta and/or its affili

  130. Slide 130: Four primary growth drivers

    Large addressable markets, with multiple growth vectors Four primary growth drivers Innovation in Landing & Growing Making investments platform and expanding in partner in international network large enterprise channel expansion © Okta and/or its affiliates. All rights reserved.

  131. Slide 131: Growing partner channel

    Growing partner channel Leveraging partners as we increase focus on enterprise customers Efficiently expanding reach domestically Shifting of professional and internationally services to partners Business sourced and invoiced by resellers/partners ~15% >25% >33% October 2018 April 2019 January 2020

  132. Slide 132: Four primary growth drivers

    Large addressable markets, with multiple growth vectors Four primary growth drivers Innovation in Landing & Growing Making investments platform and expanding in partner in international network large enterprise channel expansion © Okta and/or its affiliates. All rights reserved.

  133. Slide 133: Making investments in international expansion

    Making investments in international expansion Investing for long-term growth FY20 U.S. International Revenue Revenue 84% contribution 16% contribution 47% Growth rate 48% Growth rate Contribution rates based on total revenue; growth rates compare FY20 to FY19. © Okta and/or its affiliates. All right

  134. Slide 134: Making investments in international expansion

    Making investments in international expansion Investing for long-term growth Target countries Opening new, and Expanding that are experiencing expanding existing infrastructure the same secular offices in strategic footprint to support tailwinds as the U.S. markets international growth © Okta and/or

  135. Slide 135: Large opportunity with Global 2000

    Large opportunity with Global 2000 Location of Companies Americas EMEA APAC Okta1 63% 19% 18% Global 20002 31% 29% 40% (1) Based on Okta customers that are part of the Global 2000 at Jan. 31, 2020 (2) Fortune Magazine © Okta and/or its affiliates. All rights reserved.

  136. Slide 136: Four primary growth drivers

    Large addressable markets, with multiple growth vectors Four primary growth drivers Innovation in Landing & Growing Making investments platform and expanding in partner in international network large enterprise channel expansion © Okta and/or its affiliates. All rights reserved.

  137. Slide 137: Attractive long-term financial profile

    Attractive long-term financial profile

  138. Slide 138: Attractive long-term customer economics

    Attractive long-term customer economics Fiscal 2017 cohort analysis and contribution margin 80% 70% 60% 62% 40% 49% 20% 0% (20%) (40%) (47%) (60%) FY17 FY18 FY19 FY20 © Okta and/or its affiliates. All rights reserved.

  139. Slide 139: Capital allocation priorities

    Capital allocation priorities Investing into Maintain strong the business to balance sheet extend market ($1.4B in cash and leadership equivalents at Jan. 31, 2020) organically and inorganically © Okta and/or its affiliates. All rights reserved.

  140. Slide 140: Long-term growth and profitability framework

    Long-term growth and profitability framework Current Fiscal 2024 outlook reaffirmed Moderate Growth Current Outlook Faster Growth 4 YR revenue CAGR Less than 30% 30-35% Greater than 35% through FY24 Free cash flow Greater than 20% 20-25% ~20% margin in FY24 Okta has not reconciled its expectations a

  141. Slide 141: Key takeaways

    Key takeaways Strong Large addressable Attractive foundation markets, with long-term for growth multiple growth financial profile vectors © Okta and/or its affiliates. All rights reserved.

  142. Slide 142: Q&A

    Q&A Todd McKinnon Frederic Kerrest Charles Race Chief Executive Officer Executive Vice Chairman, President, WWFO + Co-Founder COO + Co-Founder Diya Jolly Bill Losch Chief Product Officer Chief Financial Officer © Okta and/or its affiliates. All rights reserved.

  143. Slide 143: Appendix

    Appendix

  144. Slide 144: Statement regarding use of non-GAAP financial measures

    Statement regarding use of non-GAAP financial measures This presentation contains certain non-GAAP financial measures and other metrics. This appendix contains our reconciliation of those non-GAAP measures and other financial metrics. This presentation may reference one or more of the following non-

  145. Slide 145: GAAP to Non-GAAP Reconciliations

    GAAP to Non-GAAP Reconciliations FY17 FY18 FY19 FY20 GAAP total gross profit 104,857 175,792 285,833 426,685 Stock-based compensation 3,262 7,737 12,820 20,087 Amortization of acquired intangibles 190 4 832 5,488 Non-GAAP total gross profit 103,309 185,533 299,485 452,260 Non-GAAP total gross margin

Okta — Investor Day (April 2020) on 6ix