Creating a New Leader in
AI-Powered Data Security andManagement
Sanjay Poonen | CEO & President©2024 Cohesity,© Inc.
All Rights Reserved.
2024 Cohesity, Inc. All rights reserved.

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Absence of a Unified Platform for Data Security &Management Has Created Challenges for Customers
COMPLEX

Data Protection

UNSECURE

Data Security

Data Mobility

UNINTELLIGENT

Data Access

CLOSED

Data Insights

Collectively these segments represent >$30B TAM© 2024 Cohesity, Inc. All rights reserved.

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Large and Growing Addressable Market with +10% CAGR
Disrupting Multiple Traditional Markets$40BAIFutureOpportunity$30B

Data Analysis
Extract Value
Data Access
Dev/Test, Database tools

Data Security & Governance
Cyber Resiliency, Compliance

Data Security & Governance
Cyber Resiliency, Compliance

Data Continuity
Disaster Recovery

Data Continuity
Disaster Recovery

Data Consolidation
File & Object Services

Cumulative
TAM

Data Consolidation
File & Object Services

Data Management as a Service
SaaS Model

Data Management as a Service
SaaS Model

Data Protection
Backup & Recovery

Data Protection
Backup & Recovery

2023

2026

© 2024 Cohesity, Inc. All rights reserved.

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Managing,Securing,and Providing
Insights into
Data is a MassiveOpportunity

100 EBs

Primary Data

1000 EBs

Secondary Data

Structured / Unstructured

VMs, DBs, Files, Emails© 2024 Cohesity, Inc. All rights reserved.

Estimated exabytes under management, company estimates4

100 EBs

Primary Data

1000 EBs

Secondary Data

Structured / Unstructured

MANAGESECURE
INSIGHTS
VMs, DBs, Files, Emails© 2024 Cohesity, Inc. All rights reserved.

Estimated exabytes under management, company estimates

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Workloads of Today and Tomorrow

MANAGESECUREVMs / Containers

EC2 / EKS

VMs / AKS

VMs / GKE

VMs / OKE

Databases

RDS

Azure SQLGoogle DBs

Oracle DBFiles

S3Blobs, AD

Google Storage

Oracle Storage

EmailsApps

M365

Workspace

Oracle Apps

INSIGHTS© 2024 Cohesity, Inc. All rights reserved.

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100 EBs

Primary Data

1000 EBs

Secondary Data

Structured / Unstructured

MANAGESECURE
INSIGHTS
VMs, DBs, Files, Emails© 2024 Cohesity, Inc. All rights reserved.

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Data Security is the Last Line of Defense
20270+

48%

68%

Ransomware
Attacks Every
SecondDays to Identify& Recover froma Data BreachStore Confidential andSensitive Datain the Cloudof Available Business
Data Goes
Underleveraged

MANAGESECUREINSIGHTS

Identify(Proactive)
Policy Management© 2024 Cohesity, Inc. All rights reserved.

DetectProtect

RespondRecover(Reactive)
Monitoring + Response8

100 EBs

Primary Data

1000 EBs

Secondary Data

Structured / Unstructured

MANAGESECURE
INSIGHTS
VMs, DBs, Files, Emails© 2024 Cohesity, Inc. All rights reserved.

9Secondary Data Has Traditionally Lacked Intelligence

MANAGESECURE
INSIGHTS© 2024 Cohesity, Inc. All rights reserved.

No Visibility Into
“Colder” Data
Requires“Re-Hydration”
Hard to Searchand Analyze

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BETTER TOGETHER
Creating a New Leader in AI-PoweredData Security and Management© 2024 Cohesity, Inc. All rights reserved.

11

MISSION
To protect, secure, and provide
insights into the world’s data. The
largest organizations around theglobe rely on us to strengthen
their business resilience.

© 2024 Cohesity, Inc. All rights reserved.

12Forming a New Leader in AI-Powered Data Security & Management

Announcement Details

Transaction Details and Timing● Cohesity to combine with Veritas’ Data Protection
Business carved out of Veritas● Cohesity intends to finance the transaction through acombination of equity and debt

● Combination forms a new leader in AI-powered data
security and management● Combined company valued at approximately $7 billion● Unwavering commitment to joint product roadmap
and long-term support of all products ensurescustomer experience continuity● Customers and partners benefit from focused R&D
investment and accelerated product innovation,including expanded cloud, security, AI capabilities© 2024 Cohesity, Inc. All rights reserved.

● The purchase was unanimously approved by
Cohesity's board of directors and the partners of theCarlyle Group● The deal is expected to close by the end of 2024,subject to regulatory approval and other customary
closing conditions

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Creating A New Leader in AI-Powered Data Security andManagement

AI-Powered Multicloud Data Security and Management
Scale-out Architecture Ideally Suited for Modern Workloads
Industry-leading NPS and Customer Experience

The combinedorganization willcontinue to be named
Cohesity and will be led
by Sanjay Poonen as
CEO

Extensive Alliance Ecosystem

Global Scale and Footprint
Cloud-Native Architecture
Broad Workload Support
Global Enterprise Customer Base© 2024 Cohesity, Inc. All rights reserved.

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Compelling Strategic Benefits
1 Focused on innovation

4Combines Cohesity’s scale out architecture ideally suited for modern
workloads, together with strong Generative AI and security capabilities with Veritas’ global customer base, broad workload support,
cloud-native architecture, and extensive technology integrations

2 Customers – current and future – will benefit from:
Commitment to support all
products for many years

Veritas’ cloud-nativefoundation, combined with
Cohesity’s AI-ready data
platform, optimizes multicloudcompatibility, strengthens
cyber resilience, and unlocks
the power of enterprise data© 2024 Cohesity, Inc. All rights reserved.

Creates a new leader in a competitive marketplace that
presents customers and partners with a compelling
choice to drive more value by protecting and gaining
insights from their data

5Both companies’ commitment to customer
support, demonstrated by high NPS scores

3 Capitalizes on major IT trends: AI, multicloud, security
Opportunity to deliver
Cohesity’s AI-driven
data insights andsecurity offerings toVeritas’ enterprisecustomers

Opportunity to deliver
Veritas’ cloudcapabilities toCohesity’s customer
base

Drives more value from the new gold, DATA

Expanded customer base and ecosystem:
Over 10,000 customers
incl. 96 of the Fortune 100& 80% of the Global 500

6Largest ecosystem ofmulticloud/CSPs, security
partners, VARs, SIs, OEMs

Accelerates sustainable, profitable growth
Combined company benefits from the fast growthof Cohesity and the strong profitability of Veritas

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A Clear Win for Customers

Industry-Leading
Innovation andOffering

Future-Proof
Customers’
Investments

GlobalScale andSupport

Advanced
GenAI / ML
Capabilities

StrongPartner
Ecosystem

AI-powered data securityand management

Continued investment inand advancement of theroadmap and strategy of allCohesity products andservices as well as Veritas
NetBackup, NetBackup
appliances, and Alta dataprotection offerings foryears to comeComplementary
capabilities create a newleader in the $30+ Billion
data security andmanagement market

Patent-pending,first-to-market AI
capabilities allow
Cohesity and Veritas
customers greater
insights into their data,
driving reduced TCO
and improved return on
investment

Brings together a strong
partner ecosystem
across all segments ofcloud service providers,security players, VARs,
system integrators andhardware OEMs

Cloud-native capabilities
Gen AI-driven insights
Easy-to-use interface
Multicloud data protection
Widest range ofworkloads - highly
scalable architecture© 2024 Cohesity, Inc. All rights reserved.

Combining the best
technology of eachcompany with no obligation
to move platforms

Industry-leading NPS
Global go-to-market
footprint supporting
10,000+ customers with
96 of the Fortune 100
and 80% of the Global
500

16Combined Company 2023 Pro Forma Financial Profile

$1.6B

$1.3B

80%

27%

Revenue

ARR

Gross Margins

Adj. Cash EBITDA Margins© 2024 Cohesity, Inc. All rights reserved.

17

Combined Company Key Statistics

Data
Protected

Customers
and Partners

Enterprise
Customers

R&D
Investment

100s

10,000+96%

2xof Exabytes

Customers

Fortune 100

Nearest ModernCompetitor

3,000+80%Partners

Global 500(Over 100x nearest
modern competitor)© 2024 Cohesity, Inc. All rights reserved.

18Offering a Comprehensive Solution with Three Vectors ofDifferentiation

Security© 2024 Cohesity, Inc. All rights reserved.

MulticloudAI

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Unique Capabilities to Manage Secondary Data
TCO Reduction

Fastest Recovery Times

45
minutes

MANAGE

50%
Lower

SECURE

Initiate
RestoreRehydration

Restore
Data

UserAccess
Restored<5INSIGHTS

minutes

Before© 2024 Cohesity, Inc. All rights reserved.

Legacy Restore

After

Our Cyber Recovery

Initiate
UserRestore
Restore Access
Data
Restored10X
FasterNote: Graphs shown are based on customer surveys and are for illustration purposes only. They may not be an exact representation of all data collected.

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Protection for All Data, Anywhere, Any Workload,using One Simple Management Console

MANAGE

ModernControl
Plane

SECURE
INSIGHTSDATA CENTERPRIVATE CLOUD

PUBLIC CLOUD

SAAS APPS

Workloads of Today and Tomorrow© 2024 Cohesity, Inc. All rights reserved.

22A Strong Focus and Unique Capabilities to Secure
Secondary Data

MANAGEAward-Winning
Cyber Vault

Threat Scanning& Intelligence

Built-In,
Not
AI
Bolted-On

SECURE
INSIGHTSIntelligent
Classification© 2024 Cohesity, Inc. All rights reserved.

SOC
Integration

23

Extensive Security Ecosystem
LEADING DATASECURITY ALLIANCE

MANAGESECUREDATA SECURITY POSTUREMANAGEMENT PARTNERS

SECURITYADVISORY COUNCIL

Kevin Mandia
CEO Mandiant,Google Cloud

Marianne Bailey
Former NSA
Exec and DOD CIO/CISO

Kelly Bissell
Corporate Vice President,
Microsoft Security Services

Alex Stamos
Former CSO,
Facebook and Yahoo

Sheila JordanChief Digital
Technology Officer,
Honeywell

Jason Chan
Former VP ofInformation Security,
Netflix

INSIGHTS
Laura Mather
Group COO
Societe Generale© 2024 Cohesity, Inc. All rights reserved.

24Uniquely Positioned to Unlock AI

MANAGE

Bring computeto the data

Distributed
architecture

API-Richextensibility

Responsible
access to data

SECURE
INSIGHTS© 2024 Cohesity, Inc. All rights reserved.

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World-Class AI/ML Capabilities

Ransomware
Detection

Anomaly
Detection

MANAGESECURE

Data
Classification

INSIGHTSAIAI

ThreatIntelligence

Capacity
Prediction

Capacity
Planning
Data
Entropy© 2024 Cohesity, Inc. All rights reserved.

26First to Offer Retrieval Augmented Generative AI
for Secondary Data
Retrieval Augmented Generation Will Revolutionize Our Industry

Combined AI Solution

MANAGEEXAMPLE

SECUREAIENGINE

INSIGHTS

Please summarize our response to the 2013 data breach incident in a 1-page doc

BYO Large
Language Model

Semantic Aware
Metadata

RBAC
Control

Index of
Ingested Data

Monitoring
Data

Metadata andPolicy Data

TRAINING
DATA

Governed by Responsible AI© 2024 Cohesity, Inc. All rights reserved.

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Offering an End-to-End Platform for AI-Powered
Data Security & Management
BackupCyber vaulting

Data migration

Files and objects

Mass recovery

Threat scanning

Workload mobility

Copy data mgmt

Data catalog

ArchivalClassification

DR orchestration

Agile dev/test

Data analytics

Resilience

SOC integrations

Auto tiering

Data masking

eDiscovery

Data Protection

Data Security

Data Mobility

Data Access

Global search

Data Insights

Data CloudSimple© 2024 Cohesity, Inc. All rights reserved.

Scalable

SecureAI/ML ReadyExtensible
28

Combined Product Portfolio To Create the Most Comprehensive
Data Protection Solution in the Industry
Joint Product Portfolio
Security & AI Services / Products
Backup on
3 Party Storage

BroadWorkloads

Core
Use Cases

Tape, Dell, NetApp, HPE, Pure,Hitachi, NEC, Fujitsu, VAST,
and 100+ storage platforms

Sybase, DB2, MongoDB
and 500+ other DBs
and file systems

Scale, Speed, Simplicity for
VMs, DBs Files, ServersrdAWS
ControlPlane

Azure
ControlPlane

Microsoft 365

Microsoft 365
Salesforce
Google Workspace

Portfolio Strengths✓ First in many areas of classic backup/recovery✓ Broadest coverage of 500+ adapters for workloads✓ Best-in-class capabilities for DBs, filesystems, tape
✓ Strong capabilities in cloud-native (30+ workloads)✓ ~2,000 patentsVeritas© Cohesity2024 Cohesity, Inc. All rightsreserved.

✓ First to invent scale-out architecture✓ Best-in-class speed, scale, and simplicity✓ Industry-leading security, Gen AI and ML✓ Modern multicloud architecture✓ ~300 patents
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Product Roadmap Strategy: No Customer Left Behind
Guiding Principle: The combined company will build on Cohesity’s and Veritas’ extremely high customer satisfaction NetPromoter Scores to ensure that there is ‘no customer left behind’ while providing the best product innovation via anengineering team that will be among the largest of any data protection company.

 All products will be supported for many years. Customers can migrate when and if they want, on their own schedule.
The best capabilities of the Cohesity Data Cloud platform and Veritas NetBackup, NetBackup appliances and Alta data protection offerings, will befactored into the combined company’s long-term solution, which will be designed by a joint team of Cohesity and Veritas engineers based on feedback
from large enterprise customers.

will share our draft architecture plans with customers under NDA to solicit their input, and ensure their input factors into the combined company’s We
design plans, that will be finalized after the close of the transaction.
workloads (on-prem and cloud) that are already supported by both companies will continue to be supported in the company’s long-term solution. No Allworkloads or storage targets will be left behind.
 For the cloud, the best aspects of Cohesity’s Cloud Services portfolio will be federated with Veritas’ Alta SaaS portfolio.
 We will leverage a dynamic universal adapter framework, which will quickly enable more on-prem/IaaS/PaaS/SaaS workload data protection.
will build and provide a simplified migration plan for customers using the combined company’s streamlined migration tools and services to make We
voluntary customer transitions seamless, and almost ‘push-button-like’ to the long-term solution.
products (Cohesity DataHawk) and Insight/Analytics products (Cohesity Turing, IT Analytics) will work on top of the combined long-term Securitysolution.
customer will be required to move off its preferred platform. When ready, there will be a convenient, non-disruptive upgrade path from each Nocustomer's current platform to the long-term solution of the combined company.
© 2024 Cohesity, Inc. All rights reserved.

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Will Capitalize on a Strong Ecosystem as a Force Multiplier
Cloud and SPs

Hardware Players

Security Players+ More

VARs / Distis

SI Partners+ More+ More

Ecosystem will span a comprehensive footprint of combined partners,
representing the best of each ecosystem segment© 2024 Cohesity, Inc. All rights reserved.

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Large Opportunity Against A Well-Defined Growth Strategy

Further product innovationand development ofAI-based analytics
technologies

Land new customers
and expand within
combined install base© 2024 Cohesity, Inc. All rights reserved.

Grow global footprint
with ready madeinternational teams

Enhance partner channel
and reach (ChannelPartners, Security AdvisoryCouncil, Leading CloudVendors, etc.)

Grow Data Security
offering to become“Last Line of Defense”

32©2024 Cohesity,© Inc.
All Rights Reserved.
2024 Cohesity, Inc. All rights reserved.

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