Check Point Software Technologies Ltd. · NASDAQ:CHKP

Check Point Software Technologies — Q1 2022 Earnings Presentation

33 slides from Check Point Software Technologies's earnings presentation, Apr 27, 2022

  1. Slide 1: Check Point Software Technologies Q1 2022 Financial Results

    ALIWNIIS 1848 4H Ul JO pedH }eqo| 009 2 O49 039d 8 Aepunoy JOZ}ULBIW “"Q dIy aukeg [el pemys |I5 2202 ‘LZ sdy SLINSSAY TVIONVNISA YALYVNO LSUls 2202 .LNIOd MOAHD &

  2. Slide 2: Forward-looking statements

    -LNIOd MD3HD A) “UONEUUOJU! dWW5D-UOU Jo UOI}EJUaSEId INO JO} SUOSEA OU} Se ||aM SB S}jNSel YONs Jo UO!}EI|IOQUODAL e uum Buoje ‘syjnsed qyyW5-uoU pue qyW5 JUsseid om ‘ajIsqem Jno UO pejsod usaq sey YoIUM ‘esesjel sseld JNO U| “me| Aq pasinbas se jdeoxe ‘s}uaweye}s Bulyoo|-piemio} Aue ayepdn 0} uoeb

  3. Slide 3: Non-GAAP to GAAP reconciliation note

    € -LNIOd MD3HD A) “aseajel ssid ino pue xipuedde ay} ul punoj aq ued qyWO 0} dVW5-UOU Jo UOeIINUODaI Y “S}JOaje xe} pa}e|as 1194} PUB Sasuadxe payejai UOIIsInboe pue sajqiBuejul pasinboe jo uoHeziOWe ‘sabieyo uoljesuadwoo paseq-Ajinba sapnjoxe qyWO-UON, 8o"L$ esb$ 8v'Ls uo1j}9efoi1d ino Jo J }UIOd-p

  4. Slide 4: Strong revenues and growth momentum

    -LNIOd H93HD ~] sanuanal Se $3z1UZ0IaJ 9A JOU SBUIYOOQ “d‘| — SJBWOJSNd 0} SUOIIESI|GO B2UeWOJJad BuNyNy je}0} BY} sjUasaidas UONeS!|GO sdUeWOJag BuIUWay ,. poiad ay} 8ulinp sanuanas pesajap |e}0} ul aBuUeYd ayy snjd dvVD YIM souUepsOIIe U! pazlUsOIa1 SANUAAaL |e}0} Se BUIJap aM JEU auNseaw qyVO-UOU

  5. Slide 5: Revenue growth: subscriptions and products

    -LNIOd MD3HD A) Auowiey pienypnoy> =winjuenh fenayeg Kynoas ® a’ & wnjueng @2-TO T2-TO 02-TO 72-TO ; 701 S ec %ZT yy od eon? fa %9 opr? %bT gow? UIMOIS) SUOIIGLIOSGNS ¥Y SJONpold pe}e19|900—7

  6. Slide 6: Product and subscription revenues

    9 “pr SalZojouyra asemyYos yUlog 49949 Z7Z0Z7O. -LNIOd 4943HD A) 22-10 TZ-TD 07-10 %S YIMOID %L 1151G-318noG jo auo}sayIW yuesijiubis e Hulyppeay ATT sanuanay SUOIdIISqNS 9g s}INpold

  7. Slide 7: Revenue growth across all geographies

    -LNIOd MD3HD A) saiydeiboab jje ssouse yymoib anuanay ovdV REL DVdV WEL Lz0z LO 2202 LO saiydeigoay Ag sanuandy 77-TO

  8. Slide 8: Gross profit highlights

    -LNIOd MD3HD A) “aseajas ssaid uno pue xipuadde ay) ul Puno} aq ued d¥Y9 0} dVVW5D-UOU jo UO!}eI||9UOIAI Y ‘s}aJJa Xe} pajejal JIaYy} Pue Sasuadxa pajejaJ UO!pSINbIe pue sajqisuequ! pasinbse jo uoleziowe ‘sadieyd uoljesuadwiod paseq-Ayinba sapnjoxa dV¥WO-UON, }SO> sjelwazew AaYyHiy YPM SsaWo}snd sno

  9. Slide 9: Operating expenses highlights

    -LNIOd MD3HD A) “aseajas ssaid uno pue xipuadde ay) ul Puno} aq ued d¥Y9 0} dVVW5D-UOU jo UO!}eI||9UOIAI Y ‘s}aJJa Xe} pajejal JIaYy} Pue Sasuadxa pajejaJ UO!pSINbIe pue sajqisuequ! pasinbse jo uoleziowe ‘sadieyd uoljesuadwiod paseq-Ayinba sapnjoxa dV¥WO-UON, suolzisinboe je139ads pue ueUReAY Y}Og s

  10. Slide 10: Profitability highlights

    oT -LNIOd MD3HD A) “aseajas ssaid uno pue xipuadde ay) ul punoj aq ued d¥V¥5 0} d¥V5-UOU Jo UO!}eI||9UOIAJ Y “S}DaJJa XB} payejal say} pue sasuadxa payejad UOlysINboe pue sajq!3uezU! paujnbse jo uoleziyowe ‘saBseys uoljesuadwiod paseq-Ayinba sapnjoxa dyWO-UONy }UIOd-piw 94} VAOGE S}UD) P Sd3i ulbsew

  11. Slide 11: Cash balance and share repurchase

    IL aseyoinday aieys UOlIIIIN SZES -LNIOd MD3HD A) L2-LO Ul YONI SZEF WOdJ YIMOID MO|4 yseD HulyesadoO Huo3s UOIIIIIAL 86E$ suisodaq 15 29 salyundas ajqeyaxseW ‘yseD UOl||!G 8°ES UOIHSOd YSeD pue MO}4 yseD

  12. Slide 12: Continued focus on top line

    ZT “py SaiBojouysa asemajos JU!od 49849 ZZ0ZO 6 auly doj uo snd04 panuluos « sanuanad UOI}dUDSqnNs 7g JONPOJd | Yymolb yBip ajqnog « esBoab je Ul YIMOID « 101;9afo1d uno $o pua YbIH ye Sdq 7g Senuanay - s}[nsay je|ueul. -LNIOd 4943HD A) zz-10 2-10 02-10 %S *IT Aseu jeiul

  13. Slide 13: Business update

    ALVYNIAS 1S48 FHL IAYISIG NOA 4I1LVd0dN SSANISNG LNIOd MOSHD 2

  14. Slide 14: Intense cyber landscape

    vr TO-ZZ0Z vO-TZO% ED-TZOZ ZO-TZOZ TO-LZO% vO-0%0Z ED-0Z0Z 7O-0Z07 TO-0z0Z (2202-0202) 124919 - uoljez1uesjC Jad syseqy Apjaayy asesany 00v 009 008 O00oT o0zT -LNIOd MD3HD A) youeasad JUlOg 49aYD :aouNos,. quanba.y awodaq (pa}eoi}siydos ‘J0D9A-1}|N|J) syDeIe A UAH AOA aSeasIIUl %yz ‘asemuwosues Aq p

  15. Slide 15: Cyber attacks and vulnerabilities

    GT ‘ph Salgojouysa| asemyos Julog 49849 ZZ0ZO @Z02/¥0/€0 %202/v0/20 7Z02/v0/TO 7ZOZ/EO/TE —_—_— 0 0002 000r 0009 0008 ooo0T o00zT O00rT 0009T YESIGING BdUIS sjdwapy UO!TeIO}I\¥ Ap|IGesaujNA -LNIOd MD3HD A) youeasad UIOg 49949 :a2uNOS, uoNdaj0/d aAnduaaid @PIAO/d 0} UOIINIOS Ajuo ay} — 9aSsddy puenyp

  16. Slide 16: Best security

    -LNIOd MD3HD A) Aylindas jsag A ne dAByL OM O19 s = [B1apay ay 10} sa.nsvowt AP ° a ‘sasuay : u o1}uU SAD d yeuonr’ = +© 01 pay. *MOIIOWO} syoe}je ayeSTIIW el ' uoljepljosuog ued Aepo} Aouasin pue asoueyisia Inox ' ! JO} puewep peseasou| - ve Ajtandasiaqhd dTJsewop aaosdult 0} YOM INO a}eIaTANIe € U

  17. Slide 17: Investment in growing frontline sales teams

    at -LNIOd MD3HD A) SWE9} Sojes 9UI|JUOIJ UNO SUIMOJS Ul JUBWYSaAU| paedsyy3i] winjuend yum Yysnosyyee1q JONpOld spuewap yayJeW $J890Y JU!Od Y99YD ay} ¥o youNey ssouppe 0} pausl|y uoi}ez1uesIO }o)JeE|AJ-0}-05 Mou V7 >>> > Ayundas }Ssag ay} aAJasaqg NO, — puesqay Auedwo7 HIMOUS i aeabier ry A6a}e13S Y

  18. Slide 18: Our strategy

    ALIMNIAS LS44 IHL AAUISIG NOA .LNIOd MOAHD SS

  19. Slide 19: Check Point Infinity architecture

    6 ‘p17 SalZojouysa| aremyos log 49849 ZZ0ZO _LNIOd 49aHD i+) e (— UO!USASId jel YUL SUl}-|eoy a GAGIDIVSYHL UOISI\-A}IUIJU > Ne y, SSAD0V ? SYASN FYNDAS GnoO19d AHL AYNDAS MYOMLAN AHL AYNDAS Auowsey piengpno)) winjuenp @r ~ e Jeol} aiqissod AJ8A9 JO} UOIINJOS payiun Ayuyu] JULIO YO8YD

  20. Slide 20: Relationships and scale

    0c -LNIOd MD3HD A) Sdiysuoljejas Jauyed Jno pua}xXa pue ajeas 3]e9S Jajuag eq |eqo|D +g0ZS ‘sues, +07 — JaIUI - JOJO Suljaxse] JalyD —apIesO - Peis GmEWWaS IIE jedi! Ja}yeaI3 JO} Uipee yoaqualjoH |edny Aq pay PUP SPIES SHES STU yessaquy Lek Se s i: Sjualwsas pue SJ9WO}SND Mau 0} AsoOjOUYIAY JNO JO y

  21. Slide 21: Plan

    1x4 ueld iIlGOD %Se qulog quadinD qulOd Bulyeys -LNIOd MD3HD A) JUdWUOIIAUA BUIsUAa]|eYyd e ayidsap Sully jnjssaoons :q7gy sajes aul] WUo14 Ul YIMOID %GZ yea 0} Jase} UO JUNOOpesH Jno BuIMOJS Ul JUSWSSAU|

  22. Slide 22: Focus: growth in high potential markets

    -LNIOd MD3HD 2 ~ ALUN IAS 1834 FHI IAUISIO NOA IVa ANOWYVH Gnold A L Bunayeyl ‘sales ‘APY - JS@AU| 'g UBIIY - YIMOID *g AyiBy :snoo4 « s}ayJe IQ [2Ua}0q YBIH Ul yMO1D peayseads S]JOyYION MON ¢

  23. Slide 23: Business momentum

    ALVYNIAS 1S48 FHL IAYISIG NOA WNLNAWOW SSANISNG LNIOd MOSHD 2

  24. Slide 24: Exceptional momentum: revenue growth

    ve punoueuiny jeuondasx (%A/A) Senuanas sesawy -LNIOd MD3HD A) @2-TO Tz-vo TZ-€D T2-7O T2-TO (% A/A) Senuansy SONUl]UO?) YIMOIH SONUDADY

  25. Slide 25: Government agency deployments and enterprise wins

    St JUIOdjoosd JO judWaDR|day syoeye Bulysiyd 0000S pay!juap! am saynuIW OL UY siasn 000‘0r - Andes jew AONASV LNSINNYSAOD sn UO} esageyog gy ew Auowiey Or -LNIOd MD3HD A) sKep 019Z UMoUyUN JsUlebe aye1 Yo}eO JsOg yoeye peseg-jrewa ue pey si9sn 000‘) - Aunses jrewy SONINLOVANNVIN VOlYSINV HLYON uoner

  26. Slide 26: Portfolio: Quantum, Harmony, CloudGuard

    9% o9SID puke JOUIHO4 ‘ysureBe Buluuln,, julodpuy Auowsey pue yomjey wnjueno Bd) S3ILMILN 8 AOYANA adowna Auowey wnjueng a & oy ofed :ysureBe Buruu, juowebeuew pue Aynoas Jayeg pnolg ‘algo yulodpuz oman :AyUyUl a ASIHONVasA SLYOdS sn plengpnoy) xuowsey wnqueng ea $ -LNIOd 93H A) soudos pue oosia Bul

  27. Slide 27: Exceptional momentum with healthy growth

    LT ‘PI SalBojouyra] asemyos lod 49249 7Z207O yymod6 Ul JS8AU! 0} sNuNUOD UONUSASJg PUL UONEPI|OSUOD - Ayinoes JagAo 10} pueweap Buo,}s - jyoysey| AuyesH SOUCLUJOL9d Huds , | | -LNIOd 4943HD A) @2-TO. T¥v0 T2-€0 T2-7O TZ-TO punoseusny jeuoiydaox3 YUM sesvawy

  28. Slide 28: Projections

    ALVYNIAS 1S48 FHL IAYISIG NOA SNOILOSAFOUd LNIOd MOSHD 2

  29. Slide 29: 2022 projections

    6c -LNIOd MD3HD A) suolafoid 1no Ue} aSJOM JO Ja}{aq aq UeD s}jNsay Ayuleysaoun jo jada] ybiy e seme si aay} ‘HulBbuayjeyd Ayan si s}jnsau aunyny Hudafoid SSa] S}UB2 GE aq 0} pa}Iadxa SI Sd3 dVWD GO°L$ - SSLS Sd dVV9-UON INSZSS$ - INSVS$ SONUSASY suolyalOld 7207-20

  30. Slide 30: Thank you

    ALVYNIAS 1S48 FHL IAYISIG NOA NOA ANVHL LNIOd MOSHD 2

  31. Slide 31: Q&A

    ALVYNIAS 1S48 FHL IAYISIG NOA V30 LNIOd MOSHD 2

  32. Slide 32: Appendix

    ALVYNIAS 1S48 FHL IAYISIG NOA XIGNiAddV LNIOd MOSHD 2

  33. Slide 33: Non-GAAP financial results reconciliation

    €€ -LNIOd 493HD i) B'6zT Exray fe" LET ELET paynip “(W) saseys Jo Jaquinn “s'T $ (€0°0) S00 S70 Of T vst $ (zo'0) 00 610 €fT aueys sad sfurweq painiig 9°07 $ (zr) 09 ve v69T je TTZ $ (ze) ev 997 6 78T BWOdU| ION ev (cr) yza kev (ce) Sty saxe] WOU] 4 TEL pcr Cras JON ‘@WOdU| JBYIO *g JeIQUeUIS psez o

Check Point Software Technologies — Q1 2022 Earnings Presentation on 6ix