425 1 d110340d425.htm 425 425

Filed by Apex Technology Acquisition Corporation

Pursuant to Rule 425 under the Securities Act of 1933

and deemed filed pursuant to Rule 14a-12

of the Securities Exchange Act of 1934

Subject Company: Apex Technology Acquisition Corporation

Commission File No. 001-39048

 


AvePoint Analyst Day Presentation February 19, 2021 Collaborate with Confidence Accessible content is available upon request. AvePoint Analyst Day Presentation February 19, 2021 Collaborate with Confidence Accessible content is available upon request.


This presentation (“Presentation”) is for informational purposes only. This Presentation shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation or sale would be unlawful. This Presentation has been prepared to assist interested parties in making their own evaluation with respect to a potential business combination between AvePoint, Inc. (“AvePoint”) and Apex Technology Acquisition Corporation (“Apex”) and the related transactions (the “Proposed Business Combination”) and for no other purpose. Neither the Securities and Exchange Commission nor any securities commission of any other U.S. or non-U.S. jurisdiction has approved or disapproved of the Proposed Business Combination presented herein, or determined that this Presentation is truthful or complete. No representations or warranties, express or implied are given in, or in respect of, this Presentation. To the fullest extent permitted by law in no circumstances will Apex, AvePoint or any of their respective subsidiaries, stockholders, affiliates, representatives, directors, officers, employees, advisers, or agents by responsible or liable for a direct, indirect, or consequential loss or loss of profit arising from the use of this Presentation its contents, its omissions, reliance on the information contained within it, or on opinions communicated in relation thereto or otherwise arising in connection therewith. Industry and market data used in this Presentation have been obtained from third-party industry publications and sources as well as from research reports prepared for other purposes. Neither Apex nor AvePoint has independently verified the data obtained from these sources and cannot assure you of the data’s accuracy or completeness. This data is subject to change. In addition, this Presentation does not purport to be all-inclusive or to contain all of the information that may be required to make a full analysis of AvePoint or the Proposed Business Combination. Viewers of this Presentation should each make their own evaluation of AvePoint and of the relevance and adequacy of the information and should make such other investigations as they deem necessary. References in this Presentation to our “partners” or “partnerships” with technology companies, governmental entities, universities or others do not denote that our relationship with any such party is in a legal partnership form, but rather is a generic reference to our contractual relationship with such party. Forward Looking Statements Certain statements included in this Presentation that are not historical facts are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of other financial and performance metrics and projections of market opportunity. These statements are based on various assumptions, whether or not identified in this Presentation, and on the current expectations of the respective management of AvePoint and Apex and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by an investor as, a guarantee, an assurance, a prediction, or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of AvePoint and Apex. These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political, and legal conditions; the inability of the parties to successfully or timely consummate the Proposed Business Combination, including the risk that any regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined company or the expected benefits of the Proposed Business Combination or that the approval of the stockholders of Apex or AvePoint is not obtained; failure to realize the anticipated benefits of the Proposed Business Combination; risks relating to the uncertainty of the projected financial information with respect to AvePoint; risks related to the performance of AvePoint’s business and the timing of expected business or revenue milestones; the effects of competition on AvePoint’s business; the amount of redemption requests made by Apex’s stockholders; the ability of Apex or AvePoint to issue equity or equity-linked securities or obtain debt financing in connection with the Proposed Business Combination or in the future, and those factors discussed in Apex’s annual report on Form 10-K filed with the SEC on March 27, 2020 under the heading “Risk Factors,” and other documents Apex has filed, or will file, with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that neither Apex nor AvePoint presently know, or that Apex nor AvePoint currently believe are immaterial, that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Apex’s and AvePoint’s expectations, plans, or forecasts of future events and views as of the date of this Presentation. Apex and AvePoint anticipate that subsequent events and developments will cause Apex’s and AvePoint’s assessments to change. However, while Apex and AvePoint may elect to update these forward-looking statements at some point in the future, Apex and AvePoint specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing Apex’s and AvePoint’s assessments of any date subsequent to the date of his Presentation. Accordingly, undue reliance should not be placed upon the forward-looking statements. Use of Projections This Presentation contains projected financial information. Such projected financial information constitutes forward-looking information, and is for illustrative purposes only and should not be relied upon as necessarily being indicative of future results. The assumptions and estimates underling such financial forecast information are inherently uncertain and are subject to a wide variety of significant business, economic, competitive, and other risks and uncertainties. See “Forward-Looking Statements” above. Actual results may differ materially from the results contemplated by the financial forecast information contained in this Presentation, and the inclusion of such information in this Presentation should not be regarded as a representation by any person that the results reflected in such forecasts will be achieved. Use of Data The data contained herein is derived from various internal and external sources. No representation is made as to the reasonableness of the assumptions made within or the accuracy or completeness of any projections or modeling or any other information contained herein. Any data on past performance or modeling contained herein is not an indication as to future performance. Apex and AvePoint assume no obligation to update the information in this presentation. Use of Non-GAAP Financial Metrics and Other Key Financial Metrics This presentation includes certain non-GAAP financial measures (including on a forward-looking basis) such as EBIT and EBIT Margin. AvePoint defines EBIT as net income (loss), adjusted for interest expense, stock-based compensation, legal expenses, government grants, ASC 606 consulting fees, and other interest income, and income taxes. EBIT Margin is EBIT divided by total revenue. These non-GAAP measures are an addition, and not a substitute for or superior to measures of financial performance prepared in accordance with GAAP and should not be considered as an alternative to net income, operating income or any other performance measures derived in accordance with GAAP. Reconciliations of non-GAAP measures to their most directly comparable GAAP counterparts are included in the Appendix to this presentation. AvePoint believes that these non-GAAP measures of financial results (including on a forward-looking basis) provide useful supplemental information to investors about AvePoint. AvePoint’s management uses forward looking non-GAAP measures to evaluate AvePoint’s projected financial and operating performance. However, there are a number of limitations related to the use of these non-GAAP measures and their nearest GAAP equivalents. For example other companies may calculate non-GAAP measures differently, or may use other measures to calculate their financial performance, and therefore AvePoint’s non-GAAP measures may not be directly comparable to similarly titled measures of other companies. In addition to the non-GAAP metric described above, AvePoint management uses the key financial metric annual recurring revenue ( ARR ). ARR is calculated for a particular period as the sum of (1) for customers with a contract duration in excess of three months, the annual contract value as of the end of the period, which is equal to the fixed amount of annual fees for subscription, maintenance and distribution for which the customer has a minimum contractual commitment, and (2) for customers with a contract duration of three months or less, the currently monthly fees for subscription, maintenance and distribution multiplied by twelve. Participants in Solicitation Apex and AvePoint and their respective directors and executive officers, under SEC rules, may be deemed to be participants in the solicitation of proxies of Apex’s shareholders in connection with the proposed business combination. Investors and security holders may obtain more detailed information regarding the names and interests in the proposed business combination of Apex’s directors and officers in Apex’s filings with the Securities and Exchange Commission (the “SEC”), including Apex’s registration statement on Form S-1, which was originally filed with the SEC on August 15, 2019. To the extent that holdings of Apex’s securities have changed from the amounts reported in Apex’s registration statement on Form S-1, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies to Apex’s shareholders in connection with the proposed business combination is set forth in the proxy statement/prospectus on Form S-4 for the proposed business combination, which is expected to be filed by Apex with the SEC. Investors and security holders of Apex and AvePoint are urged to read the proxy statement/prospectus and other relevant documents that will be filed with the SEC carefully and in their entirety when they become available because they will contain important information about the proposed business combination. Investors and security holders will be able to obtain free copies of the proxy statement and other documents containing important information about Apex and AvePoint through the website maintained by the SEC at www.sec.gov. Copies of the documents filed with the SEC by Apex can be obtained free of charge by directing a written request to Apex at 533 Airport Blvd. Suite 400 Burlingame, CA 94010 or by emailing admin@apexacquisitioncorp.com. ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. 2This presentation (“Presentation”) is for informational purposes only. This Presentation shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation or sale would be unlawful. This Presentation has been prepared to assist interested parties in making their own evaluation with respect to a potential business combination between AvePoint, Inc. (“AvePoint”) and Apex Technology Acquisition Corporation (“Apex”) and the related transactions (the “Proposed Business Combination”) and for no other purpose. Neither the Securities and Exchange Commission nor any securities commission of any other U.S. or non-U.S. jurisdiction has approved or disapproved of the Proposed Business Combination presented herein, or determined that this Presentation is truthful or complete. No representations or warranties, express or implied are given in, or in respect of, this Presentation. To the fullest extent permitted by law in no circumstances will Apex, AvePoint or any of their respective subsidiaries, stockholders, affiliates, representatives, directors, officers, employees, advisers, or agents by responsible or liable for a direct, indirect, or consequential loss or loss of profit arising from the use of this Presentation its contents, its omissions, reliance on the information contained within it, or on opinions communicated in relation thereto or otherwise arising in connection therewith. Industry and market data used in this Presentation have been obtained from third-party industry publications and sources as well as from research reports prepared for other purposes. Neither Apex nor AvePoint has independently verified the data obtained from these sources and cannot assure you of the data’s accuracy or completeness. This data is subject to change. In addition, this Presentation does not purport to be all-inclusive or to contain all of the information that may be required to make a full analysis of AvePoint or the Proposed Business Combination. Viewers of this Presentation should each make their own evaluation of AvePoint and of the relevance and adequacy of the information and should make such other investigations as they deem necessary. References in this Presentation to our “partners” or “partnerships” with technology companies, governmental entities, universities or others do not denote that our relationship with any such party is in a legal partnership form, but rather is a generic reference to our contractual relationship with such party. Forward Looking Statements Certain statements included in this Presentation that are not historical facts are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of other financial and performance metrics and projections of market opportunity. These statements are based on various assumptions, whether or not identified in this Presentation, and on the current expectations of the respective management of AvePoint and Apex and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by an investor as, a guarantee, an assurance, a prediction, or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of AvePoint and Apex. These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political, and legal conditions; the inability of the parties to successfully or timely consummate the Proposed Business Combination, including the risk that any regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined company or the expected benefits of the Proposed Business Combination or that the approval of the stockholders of Apex or AvePoint is not obtained; failure to realize the anticipated benefits of the Proposed Business Combination; risks relating to the uncertainty of the projected financial information with respect to AvePoint; risks related to the performance of AvePoint’s business and the timing of expected business or revenue milestones; the effects of competition on AvePoint’s business; the amount of redemption requests made by Apex’s stockholders; the ability of Apex or AvePoint to issue equity or equity-linked securities or obtain debt financing in connection with the Proposed Business Combination or in the future, and those factors discussed in Apex’s annual report on Form 10-K filed with the SEC on March 27, 2020 under the heading “Risk Factors,” and other documents Apex has filed, or will file, with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that neither Apex nor AvePoint presently know, or that Apex nor AvePoint currently believe are immaterial, that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Apex’s and AvePoint’s expectations, plans, or forecasts of future events and views as of the date of this Presentation. Apex and AvePoint anticipate that subsequent events and developments will cause Apex’s and AvePoint’s assessments to change. However, while Apex and AvePoint may elect to update these forward-looking statements at some point in the future, Apex and AvePoint specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing Apex’s and AvePoint’s assessments of any date subsequent to the date of his Presentation. Accordingly, undue reliance should not be placed upon the forward-looking statements. Use of Projections This Presentation contains projected financial information. Such projected financial information constitutes forward-looking information, and is for illustrative purposes only and should not be relied upon as necessarily being indicative of future results. The assumptions and estimates underling such financial forecast information are inherently uncertain and are subject to a wide variety of significant business, economic, competitive, and other risks and uncertainties. See “Forward-Looking Statements” above. Actual results may differ materially from the results contemplated by the financial forecast information contained in this Presentation, and the inclusion of such information in this Presentation should not be regarded as a representation by any person that the results reflected in such forecasts will be achieved. Use of Data The data contained herein is derived from various internal and external sources. No representation is made as to the reasonableness of the assumptions made within or the accuracy or completeness of any projections or modeling or any other information contained herein. Any data on past performance or modeling contained herein is not an indication as to future performance. Apex and AvePoint assume no obligation to update the information in this presentation. Use of Non-GAAP Financial Metrics and Other Key Financial Metrics This presentation includes certain non-GAAP financial measures (including on a forward-looking basis) such as EBIT and EBIT Margin. AvePoint defines EBIT as net income (loss), adjusted for interest expense, stock-based compensation, legal expenses, government grants, ASC 606 consulting fees, and other interest income, and income taxes. EBIT Margin is EBIT divided by total revenue. These non-GAAP measures are an addition, and not a substitute for or superior to measures of financial performance prepared in accordance with GAAP and should not be considered as an alternative to net income, operating income or any other performance measures derived in accordance with GAAP. Reconciliations of non-GAAP measures to their most directly comparable GAAP counterparts are included in the Appendix to this presentation. AvePoint believes that these non-GAAP measures of financial results (including on a forward-looking basis) provide useful supplemental information to investors about AvePoint. AvePoint’s management uses forward looking non-GAAP measures to evaluate AvePoint’s projected financial and operating performance. However, there are a number of limitations related to the use of these non-GAAP measures and their nearest GAAP equivalents. For example other companies may calculate non-GAAP measures differently, or may use other measures to calculate their financial performance, and therefore AvePoint’s non-GAAP measures may not be directly comparable to similarly titled measures of other companies. In addition to the non-GAAP metric described above, AvePoint management uses the key financial metric annual recurring revenue ( ARR ). ARR is calculated for a particular period as the sum of (1) for customers with a contract duration in excess of three months, the annual contract value as of the end of the period, which is equal to the fixed amount of annual fees for subscription, maintenance and distribution for which the customer has a minimum contractual commitment, and (2) for customers with a contract duration of three months or less, the currently monthly fees for subscription, maintenance and distribution multiplied by twelve. Participants in Solicitation Apex and AvePoint and their respective directors and executive officers, under SEC rules, may be deemed to be participants in the solicitation of proxies of Apex’s shareholders in connection with the proposed business combination. Investors and security holders may obtain more detailed information regarding the names and interests in the proposed business combination of Apex’s directors and officers in Apex’s filings with the Securities and Exchange Commission (the “SEC”), including Apex’s registration statement on Form S-1, which was originally filed with the SEC on August 15, 2019. To the extent that holdings of Apex’s securities have changed from the amounts reported in Apex’s registration statement on Form S-1, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies to Apex’s shareholders in connection with the proposed business combination is set forth in the proxy statement/prospectus on Form S-4 for the proposed business combination, which is expected to be filed by Apex with the SEC. Investors and security holders of Apex and AvePoint are urged to read the proxy statement/prospectus and other relevant documents that will be filed with the SEC carefully and in their entirety when they become available because they will contain important information about the proposed business combination. Investors and security holders will be able to obtain free copies of the proxy statement and other documents containing important information about Apex and AvePoint through the website maintained by the SEC at www.sec.gov. Copies of the documents filed with the SEC by Apex can be obtained free of charge by directing a written request to Apex at 533 Airport Blvd. Suite 400 Burlingame, CA 94010 or by emailing admin@apexacquisitioncorp.com. ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. 2


• Let’s test our setup. Audio ON First • Roundtable test: mute check / video check. Audio OFF things first • Can you see my screen? Video? Video ON • Function test: chat, raise hand, participants. Video OFF • Choppy? Try “Turn off incoming video” under More. Chat • Let’s set some ground rules to keep it smooth. Raise Hand • Walkie-Talkie: Please mute unless speaking. • When talking, ensure cellphone/sounds are Share muted (especially table vibrations!) People • Raise Hand or ping the Chat for questions. More 3• Let’s test our setup. Audio ON First • Roundtable test: mute check / video check. Audio OFF things first • Can you see my screen? Video? Video ON • Function test: chat, raise hand, participants. Video OFF • Choppy? Try “Turn off incoming video” under More. Chat • Let’s set some ground rules to keep it smooth. Raise Hand • Walkie-Talkie: Please mute unless speaking. • When talking, ensure cellphone/sounds are Share muted (especially table vibrations!) People • Raise Hand or ping the Chat for questions. More 3


Agenda APEX AvePoint Product & Go-To- Introduction Story Technology Market Financials Summary 4 ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. Agenda APEX AvePoint Product & Go-To- Introduction Story Technology Market Financials Summary 4 ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc.


Jeff Epstein Co-CEO and CFO, Apex Apex Introduction 5Jeff Epstein Co-CEO and CFO, Apex Apex Introduction 5


Apex Technology Acquisition Corp. (NASDAQ: APXT) Executive Team and Board Jeff Epstein Brad Koenig Co-CEO and CFO Co-CEO — Operating Partner at Bessemer Venture Partners— Professional career: Partner, 15+ years as the Global Head of Technology Investment Banking at Goldman Sachs — Advises over 100 portfolio companies; daily interactions with CEOs and CFOs — Served on 20 boards and advisory boards over the past 8 years ‒ Moved to Silicon Valley in 1987 to lead and grow the Technology practice — Professional career: ‒ Presence grew to multiple global locations under his tenure, including London, Tokyo, China, Hong Kong, Frankfurt ‒ Group revenue grew from $25mm to $1bn+ CFO CFO ‒ Headcount grew from <10 to 200+ ‒ Today, Technology group is the largest industry group within Goldman Sachs Apex Investment Banking, ‒ Team executed 200+ tech IPOs and 100+ M&A transactions Executive Team M&A CFO CFO — Entrepreneur: Founder & CEO, FoodyDirect, 2011-2018 (sold to Goldbelly in 2018) — Private company board & advisory experience: Theragenics Corporation, EveryAction — Non-profit board experience: Chairman of the Audit and Compliance Committee of Kaiser Software, Hercules Capital and Oak Hill Capital Management Permanente — Select clients advised: — Public company board experience: Ticker: Ticker: NASDAQ:BKNG NYSE:TWLO Market Cap Market Cap $1bn $80bn $4bn $65+bn ~80x Increase ~16x Increase 2003 2019 2017 Current Apex Board of David Chao Peter Bell Donna Wells Ken Goldman Directors & Advisor Director Director Director Advisor ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. 6Apex Technology Acquisition Corp. (NASDAQ: APXT) Executive Team and Board Jeff Epstein Brad Koenig Co-CEO and CFO Co-CEO — Operating Partner at Bessemer Venture Partners— Professional career: Partner, 15+ years as the Global Head of Technology Investment Banking at Goldman Sachs — Advises over 100 portfolio companies; daily interactions with CEOs and CFOs — Served on 20 boards and advisory boards over the past 8 years ‒ Moved to Silicon Valley in 1987 to lead and grow the Technology practice — Professional career: ‒ Presence grew to multiple global locations under his tenure, including London, Tokyo, China, Hong Kong, Frankfurt ‒ Group revenue grew from $25mm to $1bn+ CFO CFO ‒ Headcount grew from <10 to 200+ ‒ Today, Technology group is the largest industry group within Goldman Sachs Apex Investment Banking, ‒ Team executed 200+ tech IPOs and 100+ M&A transactions Executive Team M&A CFO CFO — Entrepreneur: Founder & CEO, FoodyDirect, 2011-2018 (sold to Goldbelly in 2018) — Private company board & advisory experience: Theragenics Corporation, EveryAction — Non-profit board experience: Chairman of the Audit and Compliance Committee of Kaiser Software, Hercules Capital and Oak Hill Capital Management Permanente — Select clients advised: — Public company board experience: Ticker: Ticker: NASDAQ:BKNG NYSE:TWLO Market Cap Market Cap $1bn $80bn $4bn $65+bn ~80x Increase ~16x Increase 2003 2019 2017 Current Apex Board of David Chao Peter Bell Donna Wells Ken Goldman Directors & Advisor Director Director Director Advisor ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. 6


AvePoint is the Leading Data Management Solutions Provider for the Microsoft Cloud A Data Management Leader in Massive and Rapidly Growing Microsoft 2020E Strong Cloud Marketplace Financial Performance • TAM growth to ~$33bn by 2022 $148mm - $151mm Large, Established Global Presence 2 Revenue • Over 1,300 employees in 29 global offices • Approximately 7mm cloud users / 16k accounts ~30% A Top Microsoft Strategic Cloud Partner ARR Growth • Microsoft success in cloud dependent partnership • 5x Global Partner of the Year Winner • Transformation, governance, and compliance ~12% 2 EBIT Margin Compelling Growth Vectors • R&D driving increased product line • Expanding channel and distribution partnerships (SMB initiative) Fresh Capital to • International expansion Invest in Growth • Selling more to existing customers though investment in sales and customer success Note: Figures as of 30-Sep-2020 unless otherwise noted. Annual recurring revenue includes subscription, maintenance, and distribution revenue. EBIT reflects Non-GAAP metric, see reconciliation in Appendix, page 35. 1) Refer to TAM slide in deck for detailed sources. 2) Reflects annual metric. ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. 7AvePoint is the Leading Data Management Solutions Provider for the Microsoft Cloud A Data Management Leader in Massive and Rapidly Growing Microsoft 2020E Strong Cloud Marketplace Financial Performance • TAM growth to ~$33bn by 2022 $148mm - $151mm Large, Established Global Presence 2 Revenue • Over 1,300 employees in 29 global offices • Approximately 7mm cloud users / 16k accounts ~30% A Top Microsoft Strategic Cloud Partner ARR Growth • Microsoft success in cloud dependent partnership • 5x Global Partner of the Year Winner • Transformation, governance, and compliance ~12% 2 EBIT Margin Compelling Growth Vectors • R&D driving increased product line • Expanding channel and distribution partnerships (SMB initiative) Fresh Capital to • International expansion Invest in Growth • Selling more to existing customers though investment in sales and customer success Note: Figures as of 30-Sep-2020 unless otherwise noted. Annual recurring revenue includes subscription, maintenance, and distribution revenue. EBIT reflects Non-GAAP metric, see reconciliation in Appendix, page 35. 1) Refer to TAM slide in deck for detailed sources. 2) Reflects annual metric. ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. 7


Tianyi (“TJ”) Jiang Chief Executive Officer, AvePoint AvePoint Story 8Tianyi (“TJ”) Jiang Chief Executive Officer, AvePoint AvePoint Story 8


Our History of Innovation Subscription Conversion Cloud Acceleration Policies & Insights (PI); Partner Portal MyHub for Microsoft 365 (AOS for Partners) 2020 2017 DocAve V6 & Backup for $148m- Governance Cloud Records Exchange Automation V1 AvePoint’s Virtual $151m 2017 2001 AvePoint 2012 Assistant (AVA) Founded Cloud (Backup, Compliance 2018 2001 Management, Guardian V3 RiskIntel & Governance) 2012 Records V1 2014 2016 Content Shield DocAve V2 for (First Compliance SharePoint 2003 2019 Product) Backup Integration Compliance Guardian V4 2011 2003 (GRC) 2015 AvePoint Migration Office Connect DocAve Platform supports Application Platform V1 MSFT (BPOS-D SharePoint 2001 SharePoint) DocAve DocAve released 2011 V4 2013 V5 2002 2006 DocAve Online, Meetings, 2008 DocAve & Perimeter V3 SaaS Enabled 2005 IaaS / PaaS Enabled 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020E Has a Highly Successful Track Record of Product Development and Innovation 9 ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. Total Revenue ($ in mm)Our History of Innovation Subscription Conversion Cloud Acceleration Policies & Insights (PI); Partner Portal MyHub for Microsoft 365 (AOS for Partners) 2020 2017 DocAve V6 & Backup for $148m- Governance Cloud Records Exchange Automation V1 AvePoint’s Virtual $151m 2017 2001 AvePoint 2012 Assistant (AVA) Founded Cloud (Backup, Compliance 2018 2001 Management, Guardian V3 RiskIntel & Governance) 2012 Records V1 2014 2016 Content Shield DocAve V2 for (First Compliance SharePoint 2003 2019 Product) Backup Integration Compliance Guardian V4 2011 2003 (GRC) 2015 AvePoint Migration Office Connect DocAve Platform supports Application Platform V1 MSFT (BPOS-D SharePoint 2001 SharePoint) DocAve DocAve released 2011 V4 2013 V5 2002 2006 DocAve Online, Meetings, 2008 DocAve & Perimeter V3 SaaS Enabled 2005 IaaS / PaaS Enabled 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020E Has a Highly Successful Track Record of Product Development and Innovation 9 ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. Total Revenue ($ in mm)


Data Growth and the Cloud Have Entirely Changed the IT Landscape “Explosive” Enterprise Digital Transformation / Data Growth Shift to Cloud CAGR of 1 2 CAGR of enterprise data 26% 21% cloud storage Data Loss Security issues Compliance Behavior Digital Enterprises Deploying Complex Environments Collaboration Est. MSFT Teams user of enterprises are employing 3 4 ~400% ~85% growth in last ~12 months hybrid cloud 1) Worldwide Global Datasphere Forecast, CAGR from 2019-2024: The COVID-19 Data Bump and the Future of Data Growth, IDC Market Forecast, (April 2020). 2) Cloud Storage Market: Global Opportunity Analysis and Industry Forecast, CAGR from 2020-2027, Allied Market Research, (April 2020). 3) Microsoft public filings and press. Teams users as of Nov-2019 (20mm DAU https://www.cnbc.com/2019/11/19/microsoft-teams-reaches-20-million-daily-active-users.html) to October-2020 (115mm daily active users reported in Microsoft Q1 FY21 results). 4) Nutanix Enterprise Cloud Index-2019 states that 85% of enterprises identify hybrid as ideal model as of mid-2019 (https://www.nutanix.com/enterprise-cloud-index). ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. 10Data Growth and the Cloud Have Entirely Changed the IT Landscape “Explosive” Enterprise Digital Transformation / Data Growth Shift to Cloud CAGR of 1 2 CAGR of enterprise data 26% 21% cloud storage Data Loss Security issues Compliance Behavior Digital Enterprises Deploying Complex Environments Collaboration Est. MSFT Teams user of enterprises are employing 3 4 ~400% ~85% growth in last ~12 months hybrid cloud 1) Worldwide Global Datasphere Forecast, CAGR from 2019-2024: The COVID-19 Data Bump and the Future of Data Growth, IDC Market Forecast, (April 2020). 2) Cloud Storage Market: Global Opportunity Analysis and Industry Forecast, CAGR from 2020-2027, Allied Market Research, (April 2020). 3) Microsoft public filings and press. Teams users as of Nov-2019 (20mm DAU https://www.cnbc.com/2019/11/19/microsoft-teams-reaches-20-million-daily-active-users.html) to October-2020 (115mm daily active users reported in Microsoft Q1 FY21 results). 4) Nutanix Enterprise Cloud Index-2019 states that 85% of enterprises identify hybrid as ideal model as of mid-2019 (https://www.nutanix.com/enterprise-cloud-index). ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. 10


Digital Transformation Has Accelerated During the Pandemic, With Microsoft Cloud Gaining Significant Momentum “We have seen two years’ worth of digital transformation in two months.“ Satya Nadella, (04/29/2020) $48.4bn 4 Cloud LTM Revenue Microsoft Market Share Productivity and 7 5 6 IaaS SaaS Collaboration AWS – 47% Microsoft – 11% Microsoft – 28% Microsoft – 13% Salesforce – 8% Slack – 17% Alibaba – 7% Oracle – 4% Atlassian – 8% Total 5 6 7 $49bn $184bn $3bn Market 1) Gallup Poll, https://news.gallup.com/poll/306695/workers-discovering-affinity-remote-work.aspx, April 2020. 2) Gartner Press Release, https://www.gartner.com/en/newsroom/press-releases/2020-07-23-gartner-forecasts-worldwide-public-cloud-revenue-to-grow-6point3-percent-in-2020 (July-2020). 3) PriceWaterhouseCoopers Research, https://www.pwc.com/us/en/industries/tmt/library/covid19-cloud-infrastructure.html, (2020). 4) Microsoft Public Filings, Intelligent Cloud LTM revenue as of Jun-2020. 5) Worldwide Public Cloud Infrastructure as a Service Market Shares 2019, IDC (July 2020). 6) Worldwide Software as a Service and Cloud Software Market Shares, 2019, IDC (July 2020). 7) Worldwide Team Collaboration Applications Market Shares 2019, IDC (August 2020). ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. 11Digital Transformation Has Accelerated During the Pandemic, With Microsoft Cloud Gaining Significant Momentum “We have seen two years’ worth of digital transformation in two months.“ Satya Nadella, (04/29/2020) $48.4bn 4 Cloud LTM Revenue Microsoft Market Share Productivity and 7 5 6 IaaS SaaS Collaboration AWS – 47% Microsoft – 11% Microsoft – 28% Microsoft – 13% Salesforce – 8% Slack – 17% Alibaba – 7% Oracle – 4% Atlassian – 8% Total 5 6 7 $49bn $184bn $3bn Market 1) Gallup Poll, https://news.gallup.com/poll/306695/workers-discovering-affinity-remote-work.aspx, April 2020. 2) Gartner Press Release, https://www.gartner.com/en/newsroom/press-releases/2020-07-23-gartner-forecasts-worldwide-public-cloud-revenue-to-grow-6point3-percent-in-2020 (July-2020). 3) PriceWaterhouseCoopers Research, https://www.pwc.com/us/en/industries/tmt/library/covid19-cloud-infrastructure.html, (2020). 4) Microsoft Public Filings, Intelligent Cloud LTM revenue as of Jun-2020. 5) Worldwide Public Cloud Infrastructure as a Service Market Shares 2019, IDC (July 2020). 6) Worldwide Software as a Service and Cloud Software Market Shares, 2019, IDC (July 2020). 7) Worldwide Team Collaboration Applications Market Shares 2019, IDC (August 2020). ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. 11


We Bridge the Gap Between What Microsoft Cloud Offers and What the Enterprise Requires What Microsoft Cloud Offers What the Enterprise Requires Seamless Collaboration Transformation Office Integration Governance Better Decision Making Compliance Office Tools Cloud On-Premises Leader in Digital Transformation Infrastructure Agnostic Solves meaningful pain points to help organizations achieve their business goals on Microsoft 365 ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. 12We Bridge the Gap Between What Microsoft Cloud Offers and What the Enterprise Requires What Microsoft Cloud Offers What the Enterprise Requires Seamless Collaboration Transformation Office Integration Governance Better Decision Making Compliance Office Tools Cloud On-Premises Leader in Digital Transformation Infrastructure Agnostic Solves meaningful pain points to help organizations achieve their business goals on Microsoft 365 ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. 12


AvePoint Solves Data Management Challenges at Any Stage in the Customer Cloud Journey • Information Lifecycle Management • Content & Collaboration Security • File Analysis and Discovery • Delegated Administration • Operational Governance/SaaS Mgmt • Data Retention • Managed, Automated End-User Services • Asset Management • Records Management • Cloud Migration and Consolidation • Internal / External Sharing Governance • Data Classification, Audit, Protection Government Financial Services Pharma & Health High Technology Retail Education Communications ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. 13AvePoint Solves Data Management Challenges at Any Stage in the Customer Cloud Journey • Information Lifecycle Management • Content & Collaboration Security • File Analysis and Discovery • Delegated Administration • Operational Governance/SaaS Mgmt • Data Retention • Managed, Automated End-User Services • Asset Management • Records Management • Cloud Migration and Consolidation • Internal / External Sharing Governance • Data Classification, Audit, Protection Government Financial Services Pharma & Health High Technology Retail Education Communications ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. 13


We have true records “ management governance within SharePoint… most importantly, users are working the way they want. They’re using the apps that they normally use and doing everything in place. Debbie Murphy, Records Officer Devonport City Council, Tasmania, Australia Click here for Case Study ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. 14 “We have true records “ management governance within SharePoint… most importantly, users are working the way they want. They’re using the apps that they normally use and doing everything in place. Debbie Murphy, Records Officer Devonport City Council, Tasmania, Australia Click here for Case Study ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. 14 “


AvePoint Advantage Limitations of Existing Solutions Microsoft Cloud Utilizes full benefits of Microsoft Cloud Lack Microsoft expertise Focus Data Protection Protects and prioritizes data Challenged data protection Significant expertise in compliance Compliance Do not adequately address compliance risk management Collaboration Enhances collaboration Do not enable enhanced collaboration Scalability Enterprise scalability Unable to serve all organizations Total Cost of High ROI for organization Cost ineffective Ownership Automates tasks for response and Automation Minimal focus on simplifying operations delivery ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. 15AvePoint Advantage Limitations of Existing Solutions Microsoft Cloud Utilizes full benefits of Microsoft Cloud Lack Microsoft expertise Focus Data Protection Protects and prioritizes data Challenged data protection Significant expertise in compliance Compliance Do not adequately address compliance risk management Collaboration Enhances collaboration Do not enable enhanced collaboration Scalability Enterprise scalability Unable to serve all organizations Total Cost of High ROI for organization Cost ineffective Ownership Automates tasks for response and Automation Minimal focus on simplifying operations delivery ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. 15


Why out-of- the-box isn’t enough… Click here for Case Study 16 ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. Why out-of- the-box isn’t enough… Click here for Case Study 16 ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc.


Customer ROI by the Numbers 94% 500k Teams adoption achieved $5.4 savings: $1 spend for our after 1 mo of governance average Cloud Governance 1 implementation customer Reduced Risk 20mm 100K Example fine reduction on $2 savings: $1 spend est. 75mm International Traffic in yearly savings of 5000-seat Arms Regulations customer self-hosted backup (“ITAR”) (compliance) fine Increased Adoption ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. 17Customer ROI by the Numbers 94% 500k Teams adoption achieved $5.4 savings: $1 spend for our after 1 mo of governance average Cloud Governance 1 implementation customer Reduced Risk 20mm 100K Example fine reduction on $2 savings: $1 spend est. 75mm International Traffic in yearly savings of 5000-seat Arms Regulations customer self-hosted backup (“ITAR”) (compliance) fine Increased Adoption ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. 17


AvePoint Realizes the Benefits of Deep Focus on the Microsoft Cloud Existing Horizontal Providers 365 Vertical Key Benefits of ‘Vertical’ Approach More efficient go-to-market / higher unit economics Transformation Efficient R&D spend by not being “all things to all people” Governance Greater focus and ability to “super serve” a market segment High market share with minimal Compliance competition across the vertical Enterprises Gain Significant Benefits From Our Microsoft Cloud Focus ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. 18AvePoint Realizes the Benefits of Deep Focus on the Microsoft Cloud Existing Horizontal Providers 365 Vertical Key Benefits of ‘Vertical’ Approach More efficient go-to-market / higher unit economics Transformation Efficient R&D spend by not being “all things to all people” Governance Greater focus and ability to “super serve” a market segment High market share with minimal Compliance competition across the vertical Enterprises Gain Significant Benefits From Our Microsoft Cloud Focus ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. 18


Leader in Microsoft 365 data management solutions Microsoft Alliance • Microsoft Designated Experts; Member Better Together Since 2001 of Several Product Councils • One of the Largest Microsoft 365 Focused R&D Team Outside of Microsoft • One of the Largest 3rd Party SaaS Platform Built for Microsoft Cloud • Top 5 Microsoft Teams Co-Sell Partner; 5x Global Partner of the Year Winner AvePoint's 20+ year partnership with • Microsoft Corporate Vice President Microsoft has produced best in class represented on AvePoint’s board solutions that enable global organizations to thrive with the latest Microsoft Technology 19 ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. Leader in Microsoft 365 data management solutions Microsoft Alliance • Microsoft Designated Experts; Member Better Together Since 2001 of Several Product Councils • One of the Largest Microsoft 365 Focused R&D Team Outside of Microsoft • One of the Largest 3rd Party SaaS Platform Built for Microsoft Cloud • Top 5 Microsoft Teams Co-Sell Partner; 5x Global Partner of the Year Winner AvePoint's 20+ year partnership with • Microsoft Corporate Vice President Microsoft has produced best in class represented on AvePoint’s board solutions that enable global organizations to thrive with the latest Microsoft Technology 19 ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc.


Large and Growing Addressable Market Digital Transformation TAM $1.8tn Security Cloud Integration 4 by 2022 1 2 Compliance & Migration Additional $7.2bn $3.1bn ~$33bn Cloud 5 by 2022 MSFT Cloud Growth 3 DPaaS $4.8bn 6 ~$5bn AvePoint Growth Outlook 2020 Future ~13% MSFT 7 ~$1bn Microsoft 365 Users 250mm 500mm Cloud Penetration AvePoint Share of total 3% 10% 8 148mm AvePoint Users 7mm 50mm Revenue 1) Worldwide Data Services for Hybrid Cloud Forecast 2018-2022, 2017 Market Forecast, IDC , (July2018). 2) Cloud Migration Market Size, Share, Trends Forecast (2018-2023), 2017 Market Forecast, Mordor Intelligence, (April 2018). 3) Worldwide Data Protection as a Service Forecast, 2018–2022 Initial Market Sizing, 2017 Market Forecast, IDC, (July 2018). 4) Worldwide Digital Transformation (DX) Investment Trends in a COVID World, Post-COVID 19 Direct DX Investment, IDC (August 2020). 5) Sum of Security Compliance, Cloud Integration & Migration and Data Protection As a Service Markets projected in 2022. 6) Assuming 100% penetration of ~250 million Microsoft Cloud users. 7) Assuming 13% penetration of ~250 million Microsoft Cloud users. 8) AvePoint management estimates. 9) Microsoft FY20 Q3 earnings call. Microsoft has 258 million paid seats of Microsoft Office 365. https://www.microsoft.com/en-us/Investor/events/FY-2020/earnings-fy-2020-q3.aspx. ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. 20Large and Growing Addressable Market Digital Transformation TAM $1.8tn Security Cloud Integration 4 by 2022 1 2 Compliance & Migration Additional $7.2bn $3.1bn ~$33bn Cloud 5 by 2022 MSFT Cloud Growth 3 DPaaS $4.8bn 6 ~$5bn AvePoint Growth Outlook 2020 Future ~13% MSFT 7 ~$1bn Microsoft 365 Users 250mm 500mm Cloud Penetration AvePoint Share of total 3% 10% 8 148mm AvePoint Users 7mm 50mm Revenue 1) Worldwide Data Services for Hybrid Cloud Forecast 2018-2022, 2017 Market Forecast, IDC , (July2018). 2) Cloud Migration Market Size, Share, Trends Forecast (2018-2023), 2017 Market Forecast, Mordor Intelligence, (April 2018). 3) Worldwide Data Protection as a Service Forecast, 2018–2022 Initial Market Sizing, 2017 Market Forecast, IDC, (July 2018). 4) Worldwide Digital Transformation (DX) Investment Trends in a COVID World, Post-COVID 19 Direct DX Investment, IDC (August 2020). 5) Sum of Security Compliance, Cloud Integration & Migration and Data Protection As a Service Markets projected in 2022. 6) Assuming 100% penetration of ~250 million Microsoft Cloud users. 7) Assuming 13% penetration of ~250 million Microsoft Cloud users. 8) AvePoint management estimates. 9) Microsoft FY20 Q3 earnings call. Microsoft has 258 million paid seats of Microsoft Office 365. https://www.microsoft.com/en-us/Investor/events/FY-2020/earnings-fy-2020-q3.aspx. ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. 20


Experienced and Proven Management Team Tianyi (“TJ”) Jiang Xunkai (“Kai”) Gong Brian Brown Sophia Wu Chief Executive Officer Executive Chairman General Counsel & Chief Financial Officer Chief Operating Officer 23 Years Industry Exp. 35 Years Industry Exp. 20 Years Industry Exp. 22 Years Industry Exp. Notable Experience: Notable Experience: Notable Experience: Lehman Brothers, Lucent Technologies, Notable Experience: Deloitte, Goldman Sachs Citadel, Deutsche Bank, Johnson & Johnson McGuireWoods, Woods Lucent Technologies Roger Dana Simberkoff Wei Chen Mario Carvajal Andy Yong Chief Privacy, Information Chief Technology Officer Chief Strategy officer Chief Investment Officer Technology Officer 22 Years Industry Exp. 24 Years Industry Exp. 30 Years Industry Exp. 22 Years Industry Exp. Notable Experience: Notable Experience: Notable Experience: Notable Experience: Verizon KPMG, WPP Nomura, HSBC, iaap, HiSoftware Merrill Lynch Tom Lin John Peluso Mary Leigh Mackie Dux Raymond Sy Chief Customer Officer Chief Product Officer Chief Marketing Officer Chief Brand Officer 15 Years Industry Exp. 22 Years Industry Exp. 12 Years Industry Exp. 21 Years Industry Exp. Notable Experience: Notable Experience: Notable Experience: Notable Experience: AvePoint New Horizons Verizon Siemens, Learning Tree, Innovative-e 21 ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. Experienced and Proven Management Team Tianyi (“TJ”) Jiang Xunkai (“Kai”) Gong Brian Brown Sophia Wu Chief Executive Officer Executive Chairman General Counsel & Chief Financial Officer Chief Operating Officer 23 Years Industry Exp. 35 Years Industry Exp. 20 Years Industry Exp. 22 Years Industry Exp. Notable Experience: Notable Experience: Notable Experience: Lehman Brothers, Lucent Technologies, Notable Experience: Deloitte, Goldman Sachs Citadel, Deutsche Bank, Johnson & Johnson McGuireWoods, Woods Lucent Technologies Roger Dana Simberkoff Wei Chen Mario Carvajal Andy Yong Chief Privacy, Information Chief Technology Officer Chief Strategy officer Chief Investment Officer Technology Officer 22 Years Industry Exp. 24 Years Industry Exp. 30 Years Industry Exp. 22 Years Industry Exp. Notable Experience: Notable Experience: Notable Experience: Notable Experience: Verizon KPMG, WPP Nomura, HSBC, iaap, HiSoftware Merrill Lynch Tom Lin John Peluso Mary Leigh Mackie Dux Raymond Sy Chief Customer Officer Chief Product Officer Chief Marketing Officer Chief Brand Officer 15 Years Industry Exp. 22 Years Industry Exp. 12 Years Industry Exp. 21 Years Industry Exp. Notable Experience: Notable Experience: Notable Experience: Notable Experience: AvePoint New Horizons Verizon Siemens, Learning Tree, Innovative-e 21 ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc.


AvePoint Story Summary We are the established SaaS leader in Microsoft cloud collaboration security & governance The total addressable market is expansive & very well defined Our disciplined execution positions us for an explosive growth globally, at scale 22 ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. AvePoint Story Summary We are the established SaaS leader in Microsoft cloud collaboration security & governance The total addressable market is expansive & very well defined Our disciplined execution positions us for an explosive growth globally, at scale 22 ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc.


Mario Carvajal Chief Strategy officer, AvePoint Product & Technology 23Mario Carvajal Chief Strategy officer, AvePoint Product & Technology 23


Common M365 journey customer scenarios Must maintain business critical Require more functionality Will seek all of their data protection, workloads running on owned servers to consolidate from legacy management, administration, and and data centers on-premises collaboration systems to operational governance delivered as a modern SaaS collaboration Systems service Support for modern cloud applications is challenging for IT operations still in Likely face the need to re-organize Will demand the latest security and legacy systems their content and strategy as they encryption technologies to meet the mature in the use of new cloud needs of complex and highly regulated platforms industries Minimal change to existing IT management footprint 24 ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. Common M365 journey customer scenarios Must maintain business critical Require more functionality Will seek all of their data protection, workloads running on owned servers to consolidate from legacy management, administration, and and data centers on-premises collaboration systems to operational governance delivered as a modern SaaS collaboration Systems service Support for modern cloud applications is challenging for IT operations still in Likely face the need to re-organize Will demand the latest security and legacy systems their content and strategy as they encryption technologies to meet the mature in the use of new cloud needs of complex and highly regulated platforms industries Minimal change to existing IT management footprint 24 ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc.


Our Global Cloud Instances Ensure Your Data Sovereignty AvePoint Cloud Multiple Global Cloud Instances • Hyper Scale; Regional Redundancy; • Cloud Service Resiliency; • Data Residency Availability; • Geo Replication 99.5% Availability | 24/7 Support Uptime backed by Microsoft Azure and World-Class Support 7 Million Office 365 Supported Seats Providing Operational Efficiency for Office 365 Managing 50PB+ Customer Data Worldwide 25 ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. Our Global Cloud Instances Ensure Your Data Sovereignty AvePoint Cloud Multiple Global Cloud Instances • Hyper Scale; Regional Redundancy; • Cloud Service Resiliency; • Data Residency Availability; • Geo Replication 99.5% Availability | 24/7 Support Uptime backed by Microsoft Azure and World-Class Support 7 Million Office 365 Supported Seats Providing Operational Efficiency for Office 365 Managing 50PB+ Customer Data Worldwide 25 ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc.


Privacy & Security at AvePoint AvePoint is committed to developing, implementing, and maintaining appropriate administrative, technical, and physical safeguards within the products and services we provide and within our own systems. OUR VULNERABILITY PRIVACY & ISO COMMITMENT REPORTING PRIVACY CERTIFICATION TO GDPR POLICY SHIELD POLICY ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. 26Privacy & Security at AvePoint AvePoint is committed to developing, implementing, and maintaining appropriate administrative, technical, and physical safeguards within the products and services we provide and within our own systems. OUR VULNERABILITY PRIVACY & ISO COMMITMENT REPORTING PRIVACY CERTIFICATION TO GDPR POLICY SHIELD POLICY ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. 26


©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. 27 ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. 27


Transformation 28 ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. Transformation 28 ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc.


Governance 29 ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. Governance 29 ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc.


Governance ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. 30Governance ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. 30


©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc.


Compliance ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. 32Compliance ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. 32


Compliance ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. 33Compliance ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. 33


• Cloud migration and consolidation FLY • Data protections, backup, recover • Delegated Administration • Insights for policy automation • Data replication • Data migration Cloud Governance, • Access to IT resources without the IT bottlenecks MyHub • Microservices • AvePoint Cloud Insights, Cloud Mgmt, • Simplified experience for technology assets Cloud Backup Online Services • DevOps for Partners • Multi-tenancy (Elements Portal for • Electronic & physical records management • Azure MSPs) • Classification management Encryption • File plan management • Insights • Risk scoring & insights • Automated actions to protect data Cloud Records, Records App *Private & Public Cloud • Protect external sharing, sensitive information Policies & Insights Instance Available ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. 34• Cloud migration and consolidation FLY • Data protections, backup, recover • Delegated Administration • Insights for policy automation • Data replication • Data migration Cloud Governance, • Access to IT resources without the IT bottlenecks MyHub • Microservices • AvePoint Cloud Insights, Cloud Mgmt, • Simplified experience for technology assets Cloud Backup Online Services • DevOps for Partners • Multi-tenancy (Elements Portal for • Electronic & physical records management • Azure MSPs) • Classification management Encryption • File plan management • Insights • Risk scoring & insights • Automated actions to protect data Cloud Records, Records App *Private & Public Cloud • Protect external sharing, sensitive information Policies & Insights Instance Available ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. 34


Product & Technology Summary Deliver products designed for cloud-enabled transformation Provide full spectrum of solutions designed to alleviate cloud collaboration complexity, security risk, and operational efficiency Tailor solutions for global enterprise organizations, small business, and channel partner community 35 ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. Product & Technology Summary Deliver products designed for cloud-enabled transformation Provide full spectrum of solutions designed to alleviate cloud collaboration complexity, security risk, and operational efficiency Tailor solutions for global enterprise organizations, small business, and channel partner community 35 ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc.


15 minute break 3615 minute break 36


Tom Lin Chief Customer Officer, AvePoint Go-To-Market 37Tom Lin Chief Customer Officer, AvePoint Go-To-Market 37


Effective Global Go-to-Market Sales Organization Sales Segmentation GTM Model Customer Segment Awareness Over $2.5bn Lead Generation Primarily Direct, Some Lead Qualification $250mm to $2.5bn Indirect (Qualify/ Disqualify/Recycle) Opportunities Less than $250mm with 100% Indirect Over 500 Users (VARs or MSPs, Direct or via Distributors) Wins (Close) Less than 500 Users Welcome & Onboarding Key Channel Partners / MSSPs Customer Success Cloud Services Customer Retention & Renewal ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. 38Effective Global Go-to-Market Sales Organization Sales Segmentation GTM Model Customer Segment Awareness Over $2.5bn Lead Generation Primarily Direct, Some Lead Qualification $250mm to $2.5bn Indirect (Qualify/ Disqualify/Recycle) Opportunities Less than $250mm with 100% Indirect Over 500 Users (VARs or MSPs, Direct or via Distributors) Wins (Close) Less than 500 Users Welcome & Onboarding Key Channel Partners / MSSPs Customer Success Cloud Services Customer Retention & Renewal ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. 38


Customer Journey Achievable plan to maximize customer time to value Pre-Sales Post-Sales Customer Iterative Purchases ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. 39Customer Journey Achievable plan to maximize customer time to value Pre-Sales Post-Sales Customer Iterative Purchases ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. 39


Representative Customers: Diversified Blue Chip Base Communications Retail / Consumer Pharma & Health Financial Services Gov’t / Education High Technology US Treasury US Department Department of State ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. 40Representative Customers: Diversified Blue Chip Base Communications Retail / Consumer Pharma & Health Financial Services Gov’t / Education High Technology US Treasury US Department Department of State ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. 40


Case Study: US Department of State The Challenge • 30,000+ employees • Protect and manage 13+ TB of content in SharePoint 2010 • Compliant migration to hybrid cloud & SharePoint 2016 $7.3mm LTV • Data loss prevention during content restores • Produce audit and PII reports for security teams Results Transformation, Governance, Compliance CAGR of 51% AvePoint provided: • Backups as often as every 4 hours over 14 years • Externalized data storage to reduce database sizes by 90% • Comprehensive auditing & PII scanning enabling compliance • Secure & granular transformation to hybrid SP 2016 & cloud The customer received: • Governance with reduced administrative burden: easy content restructuring, storage policy enforcement, full-fidelity content restores Initial investment Today • Improved database performance & restore times in 2006 • Hybrid cloud architecture ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. 41Case Study: US Department of State The Challenge • 30,000+ employees • Protect and manage 13+ TB of content in SharePoint 2010 • Compliant migration to hybrid cloud & SharePoint 2016 $7.3mm LTV • Data loss prevention during content restores • Produce audit and PII reports for security teams Results Transformation, Governance, Compliance CAGR of 51% AvePoint provided: • Backups as often as every 4 hours over 14 years • Externalized data storage to reduce database sizes by 90% • Comprehensive auditing & PII scanning enabling compliance • Secure & granular transformation to hybrid SP 2016 & cloud The customer received: • Governance with reduced administrative burden: easy content restructuring, storage policy enforcement, full-fidelity content restores Initial investment Today • Improved database performance & restore times in 2006 • Hybrid cloud architecture ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. 41


Case Study: Omron The Challenge • Unify collaboration onto single Microsoft 365 tenant • Support for 28,000 employees as well as varying regional laws, protocols, directions for 120 regions and countries $2.4mm LTV • Automation of management tasks (scale IT) • Secure sharing on Teams, SharePoint Results Automated Governance & Secure Collaboration CAGR of 30% AvePoint provided: • Cloud Governance for Microsoft 365 over 3 years The customer received: • Reduced IT burden to enforce governance policies • Systemized procedures & automated operational tasks • Delegated administration for 6 regions with no additional headcount Initial investment Today in 2017 ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. 42Case Study: Omron The Challenge • Unify collaboration onto single Microsoft 365 tenant • Support for 28,000 employees as well as varying regional laws, protocols, directions for 120 regions and countries $2.4mm LTV • Automation of management tasks (scale IT) • Secure sharing on Teams, SharePoint Results Automated Governance & Secure Collaboration CAGR of 30% AvePoint provided: • Cloud Governance for Microsoft 365 over 3 years The customer received: • Reduced IT burden to enforce governance policies • Systemized procedures & automated operational tasks • Delegated administration for 6 regions with no additional headcount Initial investment Today in 2017 ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. 42


Case Study: ThermoFisher Scientific The Challenge • 70,000+ employees • The engineering firm required protection for staff personal data and workspaces • Data included intellectual property, permissions, customizations, and other $1.9mm LTV content stored on Microsoft 365 Results 500 TB of Data Protected CAGR of 35% AvePoint provided: • A simple onboarding experience over 9 years • Protection for more than 500 TB of data in an all-inclusive backup solution The customer received: • Reduced IT burden, with no storage to maintain as they grow • Protection for key Microsoft 365 workloads beyond what competitors could offer Initial investment Today in 2011 ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. 43Case Study: ThermoFisher Scientific The Challenge • 70,000+ employees • The engineering firm required protection for staff personal data and workspaces • Data included intellectual property, permissions, customizations, and other $1.9mm LTV content stored on Microsoft 365 Results 500 TB of Data Protected CAGR of 35% AvePoint provided: • A simple onboarding experience over 9 years • Protection for more than 500 TB of data in an all-inclusive backup solution The customer received: • Reduced IT burden, with no storage to maintain as they grow • Protection for key Microsoft 365 workloads beyond what competitors could offer Initial investment Today in 2011 ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. 43


AvePoint Has Multiple Avenues for Growth Further International Expansion Expand Target Industry Focus Capture Entire Microsoft Cloud Increase SMB Customer Base Footprint Sell More to ◼ AvePoint positioned Existing to execute on all key Customers growth areas globally ◼ AvePoint already has a strong command in ◼ Microsoft Cloud is several verticals expanding rapidly ◼ Invest to grow to ARR ◼ Room for additional organically ◼ AvePoint currently has purpose-built solutions ◼ Continue improving ~3% of the pie with net retention ◼ Sales force efficiency significant room to grow ◼ Newly expanded ◼ Additional JVs Customer Success ◼ No meaningful Group◼ Dedicated SMB Team competition in the space ◼ Substantial upside to current net retention rate of 106% 1 ~250 million 127 50PB+ ~100 Marketplaces and Microsoft Cloud users not Person sales team with >70 Customer data managed across growing globally deploying AvePoint being added 12 Global Cloud Instances 1) Microsoft FY20 Q3 earnings call. Microsoft has 258 million paid seats of Microsoft Office 365. https://www.microsoft.com/en-us/Investor/events/FY-2020/earnings-fy-2020-q3.aspx. Note metrics as of October 2020 unless otherwise noted ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. 44AvePoint Has Multiple Avenues for Growth Further International Expansion Expand Target Industry Focus Capture Entire Microsoft Cloud Increase SMB Customer Base Footprint Sell More to ◼ AvePoint positioned Existing to execute on all key Customers growth areas globally ◼ AvePoint already has a strong command in ◼ Microsoft Cloud is several verticals expanding rapidly ◼ Invest to grow to ARR ◼ Room for additional organically ◼ AvePoint currently has purpose-built solutions ◼ Continue improving ~3% of the pie with net retention ◼ Sales force efficiency significant room to grow ◼ Newly expanded ◼ Additional JVs Customer Success ◼ No meaningful Group◼ Dedicated SMB Team competition in the space ◼ Substantial upside to current net retention rate of 106% 1 ~250 million 127 50PB+ ~100 Marketplaces and Microsoft Cloud users not Person sales team with >70 Customer data managed across growing globally deploying AvePoint being added 12 Global Cloud Instances 1) Microsoft FY20 Q3 earnings call. Microsoft has 258 million paid seats of Microsoft Office 365. https://www.microsoft.com/en-us/Investor/events/FY-2020/earnings-fy-2020-q3.aspx. Note metrics as of October 2020 unless otherwise noted ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. 44


Go-To-Market Summary Dial up sales team segmentation and specialization success Continue to invest and expand Customer Success to increase up-sell & cross-sell Scale through channel and partner recruit transformation 45 ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. Go-To-Market Summary Dial up sales team segmentation and specialization success Continue to invest and expand Customer Success to increase up-sell & cross-sell Scale through channel and partner recruit transformation 45 ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc.


Sophia Wu Chief Financial Officer, AvePoint Financials 46Sophia Wu Chief Financial Officer, AvePoint Financials 46


A Powerful Financial Model Predictable Multiple Growth Strong Operating Capital Efficient Recurring Revenue Expansion Vectors Leverage Business Model • Conversion to subscription • Increasing penetration in key • Mix shift drives gross margin • Minimal capital expenditure model completed in 2018 customer segments, including expansion from ~72% to ~74% requirements SMB and international from CY20-CY22E • Full suite of data management • $60mm primary capital raised solutions drives customer • Expanding into new cloud • Strong growth with to date loyalty and retention ecosystems profitability • Capital efficiency enables investment into accelerating growth Source: AvePoint Management. Note: Forecast period ends CY2022E. ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. 47A Powerful Financial Model Predictable Multiple Growth Strong Operating Capital Efficient Recurring Revenue Expansion Vectors Leverage Business Model • Conversion to subscription • Increasing penetration in key • Mix shift drives gross margin • Minimal capital expenditure model completed in 2018 customer segments, including expansion from ~72% to ~74% requirements SMB and international from CY20-CY22E • Full suite of data management • $60mm primary capital raised solutions drives customer • Expanding into new cloud • Strong growth with to date loyalty and retention ecosystems profitability • Capital efficiency enables investment into accelerating growth Source: AvePoint Management. Note: Forecast period ends CY2022E. ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. 47


Significant Shift to Recurring Revenue Total Revenue Mix 2017A (Pre-Conversion) LTM Q3 2020 2022E $257mm $141mm $94mm 65% 72% 85% 1 % Recurring Revenue Recurring Revenue Non-Recurring Revenue Source: AvePoint Management. 1) Includes subscription, maintenance, and distribution channel revenues. ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. 48Significant Shift to Recurring Revenue Total Revenue Mix 2017A (Pre-Conversion) LTM Q3 2020 2022E $257mm $141mm $94mm 65% 72% 85% 1 % Recurring Revenue Recurring Revenue Non-Recurring Revenue Source: AvePoint Management. 1) Includes subscription, maintenance, and distribution channel revenues. ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. 48


Continued Improvement in Net Revenue Retention Rates 1 Net Revenue Retention (%) +14pp 106% 104% Constantly innovating and 103% expanding end-to-end data management software suite driving customer loyalty and stickiness 92% Increasing focus on customer success resulting in a reduction of down-sell and increase in up-sell / cross-sell bookings CY2017A CY2018A CY2019A LTM Q3 2020A Source: AvePoint Management. 1) Reflects TTM net retention of the Company’s core ARR which includes subscription and maintenance. Defined as the sum of Upsell, Downsell and Churn ARR over the last four quarters, divided by the beginning of period ARR. ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. 49Continued Improvement in Net Revenue Retention Rates 1 Net Revenue Retention (%) +14pp 106% 104% Constantly innovating and 103% expanding end-to-end data management software suite driving customer loyalty and stickiness 92% Increasing focus on customer success resulting in a reduction of down-sell and increase in up-sell / cross-sell bookings CY2017A CY2018A CY2019A LTM Q3 2020A Source: AvePoint Management. 1) Reflects TTM net retention of the Company’s core ARR which includes subscription and maintenance. Defined as the sum of Upsell, Downsell and Churn ARR over the last four quarters, divided by the beginning of period ARR. ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. 49


Highly Attractive Financial Profile 1 Quarterly Total ARR ($mm) $112 $104 $97 $92 $86 $79 $75 2019 Q1 2019 Q2 2019 Q3 2019 Q4 2020 Q1 2020 Q2 2020 Q3 % YoY ARR 18% 20% 27% 29% 27% 32% 30% Growth 2 Annual Revenue and Recurring Revenue ($mm) $257 $220 CAGR $193 ’19A-’22E $157 $148 $116 $115 39% $83 30% 2019A 2020E 2021E 2022E Recurring Revenue Revenue Source: AvePoint Management. 1) Includes subscription, maintenance, and distribution channel. 2) Includes subscription and maintenance revenues 2020E reflects updated estimates based on preliminary year-end ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. 50Highly Attractive Financial Profile 1 Quarterly Total ARR ($mm) $112 $104 $97 $92 $86 $79 $75 2019 Q1 2019 Q2 2019 Q3 2019 Q4 2020 Q1 2020 Q2 2020 Q3 % YoY ARR 18% 20% 27% 29% 27% 32% 30% Growth 2 Annual Revenue and Recurring Revenue ($mm) $257 $220 CAGR $193 ’19A-’22E $157 $148 $116 $115 39% $83 30% 2019A 2020E 2021E 2022E Recurring Revenue Revenue Source: AvePoint Management. 1) Includes subscription, maintenance, and distribution channel. 2) Includes subscription and maintenance revenues 2020E reflects updated estimates based on preliminary year-end ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. 50


Illustrative Quarterly Revenue Seasonality • Revenue grows sequentially through year as bookings build Illustrative Quarterly Revenue Seasonality 30.0% 27.0% 23.0% 20.0% Q1 Q2 Q3 Q4 ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. 51Illustrative Quarterly Revenue Seasonality • Revenue grows sequentially through year as bookings build Illustrative Quarterly Revenue Seasonality 30.0% 27.0% 23.0% 20.0% Q1 Q2 Q3 Q4 ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. 51


Summary Financial Profile YTD Sep (US$ in millions) 2019A 2020E 2021E 2022E ‘19A – ’22E 2020 1 $105 $116 $148-151 $193 $257 30% Total Revenue 30% 29% 30% 33% % Growth $77 $83 $115 $157 $220 39% Recurring Revenue % Growth 33% 39% 36% 40% % of Revenue 73% 71% 78% 81% 85% $76 $80 $107 $139 $191 34% Gross Profit 72% 69% 72% 72% 74% % Margin 2 $12 ($4) $18 $8 $17 EBIT (Non-GAAP) 11% (4%) 12% 4% 7% % of Revenue Source: AvePoint Management. Note: YTD metric as of September 30, 2020. 1) Includes subscription, maintenance, and distribution channel revenues. 2) See slide 61 for GAAP to non-GAAP reconciliation. 2020E reflects updated estimates based on preliminary year-end ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. 52Summary Financial Profile YTD Sep (US$ in millions) 2019A 2020E 2021E 2022E ‘19A – ’22E 2020 1 $105 $116 $148-151 $193 $257 30% Total Revenue 30% 29% 30% 33% % Growth $77 $83 $115 $157 $220 39% Recurring Revenue % Growth 33% 39% 36% 40% % of Revenue 73% 71% 78% 81% 85% $76 $80 $107 $139 $191 34% Gross Profit 72% 69% 72% 72% 74% % Margin 2 $12 ($4) $18 $8 $17 EBIT (Non-GAAP) 11% (4%) 12% 4% 7% % of Revenue Source: AvePoint Management. Note: YTD metric as of September 30, 2020. 1) Includes subscription, maintenance, and distribution channel revenues. 2) See slide 61 for GAAP to non-GAAP reconciliation. 2020E reflects updated estimates based on preliminary year-end ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. 52


Financial Summary Accelerate ARR growth beyond 30% YoY Strong margins, cash flow, and debt free Healthy expansion in Net Revenue retention to 120% in the medium term 53 ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. Financial Summary Accelerate ARR growth beyond 30% YoY Strong margins, cash flow, and debt free Healthy expansion in Net Revenue retention to 120% in the medium term 53 ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc.


Brad Koenig Co-CEO, Apex Summary 54 ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. Brad Koenig Co-CEO, Apex Summary 54 ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc.


Transaction Summary 1 Overview Post-Transaction Ownership 1 • Fully distributed pro forma enterprise value of $1.8bn, or 9.1x CY21E revenue of $193mm and 6.8x CY22E revenue of $257mm Existing AvePoint Shareholders 72.0% • Existing AvePoint Shareholders are expected to own 72.0% of the Apex Public Shareholders 17.6% 1 company 1 Apex Founder & Private Placement Shares 3.3% • PIPE Investors will own 7.0% of the company • Expected to close end of Q1’21 or early Q2’21 PIPE Investors 7.0% Enterprise Value ($mm) Sources and Uses ($mm) Enterprise Value Calculation Sources 1 Shares Outstanding (mm) 199.0 Apex Cash in Trust $352 (x) Share Price $10.00 PIPE Proceeds 140 2 Cash on Balance Sheet Equity Value $1,990 47 (-) Net Cash (234) Equity Rollover 1,434 $1,972 Enterprise Value $1,756 Total Sources Transaction Multiples Uses Enterprise Value / 2021E Revenue 9.1x Cash to AvePoint Shareholders $257 Cash to Balance Sheet 234 Enterprise Value / 2022E Revenue 6.8x 3 Transaction Costs 48 Equity Rollover 1,434 Total Uses $1,972 1) Represents ownership at close, excluding equity pool, earn-out shares and warrants. Share count of 199.0mm assumes no Apex shareholder redemptions and excludes: 2.9mm shares and 3.0mm shares belonging to the Apex Founders and AvePoint, respectively, subject to potential earn-outs, and 6.5mm shares associated with public and private warrants for a total fully diluted share count of 211.4mm. Pro forma fully diluted ownership assumes cashless exercise of warrants / treasury stock method based on a strike price of $11.50 and redemption price of $18.00. Pie chart may not foot due to rounding. 2) Reflects AvePoint cash on balance sheet as of September 30, 2020. Cash balance will be updated in the future with the balance as at Effective Time as defined in the Business Combination Agreement. 3) Reflects latest estimates. ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. 55Transaction Summary 1 Overview Post-Transaction Ownership 1 • Fully distributed pro forma enterprise value of $1.8bn, or 9.1x CY21E revenue of $193mm and 6.8x CY22E revenue of $257mm Existing AvePoint Shareholders 72.0% • Existing AvePoint Shareholders are expected to own 72.0% of the Apex Public Shareholders 17.6% 1 company 1 Apex Founder & Private Placement Shares 3.3% • PIPE Investors will own 7.0% of the company • Expected to close end of Q1’21 or early Q2’21 PIPE Investors 7.0% Enterprise Value ($mm) Sources and Uses ($mm) Enterprise Value Calculation Sources 1 Shares Outstanding (mm) 199.0 Apex Cash in Trust $352 (x) Share Price $10.00 PIPE Proceeds 140 2 Cash on Balance Sheet Equity Value $1,990 47 (-) Net Cash (234) Equity Rollover 1,434 $1,972 Enterprise Value $1,756 Total Sources Transaction Multiples Uses Enterprise Value / 2021E Revenue 9.1x Cash to AvePoint Shareholders $257 Cash to Balance Sheet 234 Enterprise Value / 2022E Revenue 6.8x 3 Transaction Costs 48 Equity Rollover 1,434 Total Uses $1,972 1) Represents ownership at close, excluding equity pool, earn-out shares and warrants. Share count of 199.0mm assumes no Apex shareholder redemptions and excludes: 2.9mm shares and 3.0mm shares belonging to the Apex Founders and AvePoint, respectively, subject to potential earn-outs, and 6.5mm shares associated with public and private warrants for a total fully diluted share count of 211.4mm. Pro forma fully diluted ownership assumes cashless exercise of warrants / treasury stock method based on a strike price of $11.50 and redemption price of $18.00. Pie chart may not foot due to rounding. 2) Reflects AvePoint cash on balance sheet as of September 30, 2020. Cash balance will be updated in the future with the balance as at Effective Time as defined in the Business Combination Agreement. 3) Reflects latest estimates. ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. 55


AvePoint is in an Elite Class Total NYSE / NASDAQ Listed Software Companies 212 137 ~$150mm+ 32 >25% 5 >10% Relevant Companies + Source: AvePoint Management and FactSet median broker consensus estimates as of October 19, 2020. ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. 56AvePoint is in an Elite Class Total NYSE / NASDAQ Listed Software Companies 212 137 ~$150mm+ 32 >25% 5 >10% Relevant Companies + Source: AvePoint Management and FactSet median broker consensus estimates as of October 19, 2020. ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. 56


Gracias Merci ΕυχαριστώGracias Merci Ευχαριστώ


Unleash the Power of You ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. Unleash the Power of You ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc.


Appendix 59Appendix 59


Long-Term Targets 2019A YTD 2020 2022E Long-Term Target Gross Margin 69% 72% 74% 75%+ S&M as % of Revenue 46% 39% 41% 30%+ R&D as % of Revenue 9% 8% 11% ~10% G&A as % of Revenue 17% 14% 15% ~10% 1 EBIT Margin (4%) 11% 7% 25%+ Source: AvePoint Management. 1) See next slide for GAAP to non-GAAP reconciliation. YTD2020 reflects updated estimates based on preliminary year-end ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. 60Long-Term Targets 2019A YTD 2020 2022E Long-Term Target Gross Margin 69% 72% 74% 75%+ S&M as % of Revenue 46% 39% 41% 30%+ R&D as % of Revenue 9% 8% 11% ~10% G&A as % of Revenue 17% 14% 15% ~10% 1 EBIT Margin (4%) 11% 7% 25%+ Source: AvePoint Management. 1) See next slide for GAAP to non-GAAP reconciliation. YTD2020 reflects updated estimates based on preliminary year-end ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. 60


GAAP to Non-GAAP Reconciliation (US$ in millions) YTD Sep 2020 2019A 2020E 2021E 2022E GAAP Operating Income (Loss) ($4.6) ($19.0) ($15.0) $6.5 $15.5 % Margin (4%) (16%) (10%) 3% 6% (+) Stock-Based Compensation $16.2 $13.9 $33.2 $1.5 $1.5 % of Revenue 15% 12% 22% 1% 1% EBIT (Non-GAAP) $11.6 ($5.1) $18.3 $8.0 $17.0 % of Revenue 11% (4%) 12% 4% 7% Source: AvePoint Management. 2020E reflects updated estimates based on preliminary year-end 61 ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. GAAP to Non-GAAP Reconciliation (US$ in millions) YTD Sep 2020 2019A 2020E 2021E 2022E GAAP Operating Income (Loss) ($4.6) ($19.0) ($15.0) $6.5 $15.5 % Margin (4%) (16%) (10%) 3% 6% (+) Stock-Based Compensation $16.2 $13.9 $33.2 $1.5 $1.5 % of Revenue 15% 12% 22% 1% 1% EBIT (Non-GAAP) $11.6 ($5.1) $18.3 $8.0 $17.0 % of Revenue 11% (4%) 12% 4% 7% Source: AvePoint Management. 2020E reflects updated estimates based on preliminary year-end 61 ©AvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc.