Slide 1: Zscaler Investor Session Zenith Live 2026
Zscaler Investor Session Zenith Live 2026 June 9, 2026 2026 2026Zscaler, Zscaler, Inc. Allrights Inc. All rights reserved reserved
Slide 2: Kim Watkins
Kim Watkins SVP, Investor Relations & Strategic Finance Act Fast. Stay Secure. 2026 Zscaler, Inc. All rights reserved
Slide 3: Forward-Looking Statements
Forward-Looking Statements Unless otherwise noted, all numbers presented will be on an adjusted, non-GAAP basis. Reconciliation of GAAP to non-GAAP financial measures is in the appendix of this presentation. This presentation has been prepared by Zscaler, Inc. (“Zscaler”) for informational purposes
Slide 4: Agenda
Agenda Welcome Kim Watkins, SVP, Investor Relations & Strategic Finance The Cybersecurity Platform for the AI Era Jay Chaudhry, Founder & CEO Customer Panel Dhawal Sharma, EVP, AI Security & Strategic Initiatives Executive Q&A Jay Chaudhry, Founder & CEO Kevin Rubin, Chief Financial Officer Mike Ric
Slide 5: Jay Chaudhry
Jay Chaudhry Founder & CEO Act Fast. Stay Secure. 2026 Zscaler, Inc. All rights reserved
Slide 6: Why Zscaler Wins
Why Zscaler Massive and Growing Market Opportunity Wins $120B+ Serviceable Addressable Market Urgent Market Need Mythos creating our biggest opportunity since COVID Highly Differentiated Architecture Zero Trust ExchangeTM eliminates attack surface, stops lateral movement Comprehensive Enterprise Pla
Slide 7: $120B+ Serviceable Market
Zscaler has a Large and Growing Serviceable Addressable Market $120B+ Securing AI1 NEW $16B+ Agentic Operations2,3 $19B Serviceable Data Security Everywhere3 Market $20B Zero Zero Trust Zero Trust Trust Users3 Cloud4 Branch5 $30B $23B $12B Zero Trust Everywhere $65B 1. Based on Gartner es timate of
Slide 8: New AI Cyber Challenges Expand Zscaler's Opportunity
New AI Cyber Challenges Expand Zscaler’s Opportunity Microsoft Copilot OpenClaw poisoned Agent deleted production exfiltrated data1 with credential stealer2 database3 1 https://thehackernews.com/2025/06/zero-click-ai-vulnerability-exposes.html 2 https://www.esecurityplanet.com/threats/hundreds-of-ma
Slide 9: Mythos creating Zscaler's largest opportunity since COVID
Mythos creating Zscaler’s largest opportunity since COVID Enterprises can’t patch vulnerabilities fast enough The best defense is a Zero Trust architecture Eliminates attack surface and stops lateral movement https://claude.com/blog/zero-trust-for-ai-agents Zscaler is a Proud Partner of Leading Fron
Slide 10: Zscaler is the cybersecurity platform for the AI Era
Zscaler is the cybersecurity platform for the AI Era
Slide 11: Highly Differentiated Architecture
Highly Differentiated Architecture Traditional Network and Security Architecture The Zscaler Platform Internet AI Apps Private Apps SaaS Datacenter Zero Trust Exchange Zero Trust Zero Trust AI Users Agents Zero Trust Zero Trust Branch Cloud 1 2 3 A liability! Eliminates Attack Stops Lateral Scale &
Slide 12: The Zscaler Platform
The Zscaler Platform Internet AI Apps Private Apps SaaS Datacenter Zero Trust Exchange Zero Trust Everywhere Zero Trust Zero Trust Users Cloud Zero Trust Branch
Slide 13: The Zscaler Platform
The Zscaler Platform Internet AI Apps Private Apps SaaS Datacenter Zero Trust Exchange Zero Zero Trust Users Zero Trust Everywhere Trust AI Agents Zero Trust Zero Trust Branch Cloud
Slide 14: The Zscaler Platform
The Zscaler Platform Zero Trust SASE Security Internet AI Apps of AI Private Apps SaaS Datacenter Data Security Zero Trust Exchange Cyber Zero Trust Zero Trust Everywhere Zero Trust Protection Users AI Agents Agentic SecOps Zero Trust Zero Trust Branch Cloud
Slide 15: The Zscaler Platform
The Zscaler Platform Zero Trust SASE Security Internet AI Apps of AI Private Apps SaaS Datacenter Data Security Zero Trust Exchange Cyber Zero Trust Zero Trust Everywhere Zero Trust Protection Users AI Agents Agentic SecOps Zero Trust Zero Trust Branch Cloud
Slide 16: We Introduced Zscaler AI Protect in January
We Introduced Zscaler AI Protect in January AI Asset Secure AI Secure AI Apps Management Access & Infrastructure Know your full Ensure the safe and Full AI Lifecycle: Dev through AI footprint and risks responsible use of AI deployment and runtime
Slide 17: Zscaler AI Protect Enhancements
Zscaler AI Protect Enhancements AI Asset Secure AI Secure AI Apps Management Access & Infrastructure ▪ Discover embedded AI in ▪ Prompt extraction for > 250 ▪ AI Red teaming for SaaS/Internet traffic GenAI apps MCP servers ▪ Identify AI agents & MCP in ▪ Support for Anthropic & ▪ Standalone prompt p
Slide 18: The Zscaler Platform
The Zscaler Platform Internet AI Apps Private Apps SaaS Datacenter Zero Trust Exchange Zero Zero Trust Users Zero Trust Everywhere Trust AI Agents Zero Trust Zero Trust Branch Cloud
Slide 19: Introducing Zero Trust Exchange for Agents
Introducing Zero Trust Exchange for Agents Tools, Apps, Actions, Data Data, Prompts Workflows Public / Private Public / Private MCP Servers Peer Agents 4. Allow or Deny Adaptive Access for Agents Zscaler AI Protect 3. Assess Intent & Risk Identity Authorization Registry AI Asset Management Secure AI
Slide 20: Introducing AI Access Graph
Introducing AI Access Graph PUBLIC CLOUD SAAS ON PREM PII IN CONTRACTOR DEV ROLE PII ON ENDPOINT ENDPOINT AI Identify Blast Map Data Overprivileged Remediate Radius Permissions Access Risk
Slide 21: The Zscaler Platform
The Zscaler Platform Zero Trust SASE Security Internet AI Apps of AI Private Apps SaaS Datacenter Data Security Zero Trust Exchange Cyber Zero Trust Zero Trust Everywhere Zero Trust Protection Users AI Agents Agentic SecOps Zero Trust Zero Trust Branch Cloud
Slide 22: The Zscaler Platform
The Zscaler Platform Zero Trust SASE Internet AI Apps SASE SaaS Private Apps Datacenter Innovations ▪ Browser Extension & Enterprise Browser Zero Trust Exchange ▪ Zero Trust B2B Zero Trust Zero Trust ▪ AI-powered Segmentation Users Zero Trust Everywhere AI Agents ▪ ZAgent Framework Zero Trust Zero T
Slide 23: The Zscaler Platform
The Zscaler Platform Zero Trust SASE Security Internet AI Apps of AI Private Apps SaaS Datacenter Data Security Zero Trust Exchange Cyber Zero Trust Zero Trust Everywhere Zero Trust Protection Users AI Agents Agentic SecOps Zero Trust Zero Trust Branch Cloud
Slide 24: Introducing Zscaler Agentic SecOps
Introducing Zscaler Agentic SecOps Exposure Management Threat Management Context Graph Detections Behavior Based | Multi-domain | MITRE ATT&CK mapping Zscaler Data Identity Endpoint Cloud Vulns Exploits ZCC | ZIA | ZPA | DLP Data Lake AI | Deception Endpoint Context
Slide 25: Significant Traction in Non-user Based Offerings
Significant Traction in Non-user Based Offerings Witnessing mix shift of new business ACV towards non-user based solutions 30%+ 25%+ of new business ACV1 of new business ACV1 from non-seat based from non-seat based offerings in Q2’26 offerings in Q3’26 100%+ 1. Y/Y ARR1 growth in non-seat based offe
Slide 26: Operating at Scale and Driving Strong Outcomes
Operating at Scale and Driving Strong Outcomes AI Protect $100M+ $3.5B+ Bookings2 over the last twelve months Annual Recurring Revenue1 Data Security ARR $500M+ Significant runway for continued growth Zero Trust 4,500 existing customers out of 20,000 Everywhere Enterprises3 700+ enterprises4 1. Zsca
Slide 27: Customer Panel
Customer Panel Dhawal Sharma Mustapha Kebbeh Jason Koler Wayne Fajerski Moderator Chief Security Officer, UKG Deputy CISO, Eaton Deputy CISO, Edward Jones EVP, AI Security & Strategic Initiatives 2026 Zscaler, Inc. All rights reserved
Slide 28: Executive Q&A
Executive Q&A Jay Chaudhry Kevin Rubin Mike Rich Adam Geller Swamy Kocherlakota Founder & CEO Chief Financial Officer Chief Revenue Officer & Chief Product Officer EVP of Agentic AI, President of Global Sales Engineering Act Fast. Stay Secure. 2026 Zscaler, Inc. All rights reserved
Slide 29: Thanks
Thanks Zscaler and the other trademarks listed at https://www.zscaler.com/legal/trademarks are either (i) registered trademarks or service marks or (ii) trademarks or service marks of Zscaler, Inc. in the United States and/ or other countries. Any other trademarks are the properties of their respect
Slide 30: Appendix
Appendix Act Fast. Stay Secure. 2026 Zscaler, Inc. All rights reserved