Palo Alto Networks, Inc. · NASDAQ:PANW

Palo Alto Networks — Investor Presentation (December 2025)

21 slides from Palo Alto Networks's investor presentation, Dec 18, 2025

  1. Slide 1: NaaS in a Nutshell

    WEBINA NaaS in a Nutshell R Improve Prisma SD-WAN user experience and network performance THURSDAY, DECEMBER 18, 2025

  2. Slide 2: Presenter Q&A Moderator

    Presenter Q&A Moderator Brian Bowman Bill McLeod Solutions Architect - AMER Strategic Alliances Manager

  3. Slide 3: Agenda

    NAAS IN A NUTSHELL Agenda ● Set the Stage - Key Trends in Next-Gen Networking ● Level-set: What is NaaS? ● Optimizing Prisma SD-WAN on Megaport NaaS ● Customer Use Case ● Demo ● Q&A 3

  4. Slide 4: What is NaaS?

    What is NaaS?

  5. Slide 5: Enterprise Networking Evolution

    WHAT IS NAAS Enterprise Networking Evolution Optimize ● Cloud Diversity / DC Diversity Connectivity ● Inter-cloud Traffic Complexity ● Repatriation / Hybrid Growth ● Static → Elastic Connectivity ● Backhaul → Edge NaaS ● Connecting AI Workloads Multi Cloud/ Enable Hybrid ⇒Protecting Data/Apps/Devices

  6. Slide 6: 'as-a-Service' Current Landscape

    WHAT IS NAAS ‘as-a-Service’ Current Landscape 6

  7. Slide 7: What is Network as a Service

    WHAT IS NAAS What is Network as a Service Global ● Connect to leading service providers, anytime, from anywhere Secure ● Enable private paths in minutes Scalable ● Build what you need when you need it Simple ● Manage your network with easy to use software tools 7

  8. Slide 8: What Makes NaaS Different

    TRADITIONAL CONNECTIVITY vs SOFTWARE DEFINED What Makes NaaS Different NaaS Connectivity Traditional Connectivity Pay for what you use, Expensive locked-in pricing model, Pricing ✅ 🚫 no setup fees expensive setup costs Long setup times Speed ✅ Real-time provisioning 🚫 (one week to several months)…

  9. Slide 9: The Users' Experience of NaaS

    THE USE CASES The Users’ Experience of NaaS Eliminated VPNs while directly 1 4 Connected 7 unique data center operators connecting to AWS Spot Instances on around the globe, on-demand, through a demand, reducing cloud egress fees by single platform. half and driving lower cloud costs. Deployed a glo

  10. Slide 10: Global Private Backbone

    MEGAPORT AT A GLANCE Global Private Backbone * This is a logical representation of the network, and does not reflect actual network paths 10

  11. Slide 11: Megaport Service Fabric Use Cases

    THE USE CASES Megaport Service Fabric Use Cases. DATA CENTER NETWORKING MULTI-CLOUD CONNECTIVITY ENTERPRISE WAN* Prem to Cloud Virtual SD-WAN/SASE Device Virtual Edge Firewall Virtual Edge Router * Megaport does not sell OEM licenses 11

  12. Slide 12: Megaport Virtual Edge

    WHAT IS NAAS Megaport Virtual Edge Megaport Virtual Edge, MVE, is your on-demand. Then add your service of choice. SD-WAN Router Firewall Choice of Overlay Megaport Underlay = + + MVE Compute Networking Internet 12

  13. Slide 13: Prisma SD-WAN and Megaport Virtual Edge (MVE)

    PRISMA - MEGAPORT INTEGRATION Prisma SD-WAN and Megaport Virtual Edge (MVE) 13

  14. Slide 14: Service-Chain Edge Architecture

    WHAT IS NAAS Service-Chain Edge Architecture Service Chain Flow Internet/ Internal MPLS Network/LAN Logical Service Path: SD-WAN > Firewall > Router 14

  15. Slide 15: Service Chaining - Megaport Example

    WHAT IS NAAS Service Chaining - Megaport Example 15

  16. Slide 16: Prisma SD-WAN and Megaport Virtual Edge Case Study

    PRISMA SD-WAN CASE STUDY Financial Prisma D-WANService Provider: and Megaport Virtual Edge$35B+ (MVE) AUM | North America Primary VPN Tunnel Secondary VPN Tunnel CenterSquare ORD2 Chicago Customer Challenge ● New Prisma SD-WAN 40+ sites ● Migrating from 2 DCs to Azure ● Latency issues to cloud CHICA

  17. Slide 17: Demonstration - Connecting AWS to Prisma SD-WAN on Megaport Virtual Edge

    NaaS in a Nutshell Demonstration - Connecting AWS to Prisma SD-WAN on Megaport Virtual Edge

  18. Slide 18: Demo Design

    A) Megaport Demo Design Private eBGP Peer Internet Existing SDWAN

  19. Slide 19: Wrap-up

    NAAS IN A NUTSHELL Wrap-up ● Enterprise Networking Demands a New Approach ● NaaS: Consume Network Like Compute ● Build the Network You Need: Fast, Flexible, Automated, Scalable ● Prisma SD-WAN & VM-Series Integrations ● Customer Case Study & Demo 19

  20. Slide 20: Megaport Resources

    NAAS RESOURCES Megaport Resources Megaport Cloud Network On-Demand Webinar Solution Guide Report 2025 20

  21. Slide 21: Thank you & Questions

    Thank you & Questions @Megaport ASX: MP1 @Megaportnetwork Megaport.com/investor @Megaportnetworks Megaport.com/newsroom 21

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