Agora : 2023 Q2 Earnings Presentation

Agora, Inc.

2023 Q2 Earnings

August 21, 2023

Disclaimer

Information in this presentation contains forward-looking statements within the meaning of Section 21E of the U.S. Securities Exchange Act of 1934, as amended. These forward-looking statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical or current fact included in this presentation are forward-looking statements, including but not limited to statements regarding Agora, Inc.'s financial outlook, beliefs and expectations. Forward-looking statements include statements containing words such as "expect," "anticipate," "believe," "project," "will" and similar expressions intended to identify forward-looking statements. These forward-looking statements are based on Agora, Inc.'s current expectations and involve risks and uncertainties. Agora, Inc.'s actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of these risks and uncertainties, which include, without limitation, risks related to the growth of the RTE-PaaS market; Agora, Inc.'s ability to manage its growth and expand its operations; Agora, Inc.'s ability to attract new developers and convert them into customers; Agora, Inc.'s ability to retain existing customers and expand their usage of Agora, Inc.'s platform and products; Agora, Inc.'s ability to drive popularity of existing use cases and enable new use cases, including through quality enhancements and introduction of new products, features and functionalities; Agora, Inc.'s fluctuating operating results; competition; the effect of broader technological and market trends on Agora, Inc.'s business and prospects; general economic conditions and their impact on customer and end-user demand; and other risks and uncertainties included under the caption "Risk Factors" and elsewhere in our filings with the Securities and Exchange Commission (the "SEC"), including, without limitation, the final prospectus related to the IPO filed with the SEC on June 26, 2020. Our SEC filings are available on our Investor Relations website at investor.agora.io and on the SEC's website at www.sec.gov. We may not actually achieve the plans, intentions or expectations disclosed in our forward-looking statements, and you should not place undue reliance on our forward-looking statements, which speak only as of the date hereof. If this presentation is reviewed after the date hereof, even if made available by us, on our website or otherwise, it may not contain current or accurate information. We disclaim any obligation to update or revise any forward-looking statement based on new information, future events or otherwise. All forward-looking statements are qualified in their entirety by this cautionary statement, and Agora, Inc. undertakes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date hereof.

In addition to U.S. GAAP financials, this presentation includes certain non-GAAP financial measures, including non-GAAP net income (loss), adjusted EBITDA and free cash flow. These non-GAAP measures are in addition to, not a substitute for or superior to, measures of financial performance prepared in accordance with U.S. GAAP. The non-GAAP financial measures used by Agora, Inc. may differ from the non-GAAP financial measures used by other companies. Non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable U.S. GAAP financial measures and should be read only in conjunction with Agora, Inc.'s consolidated financial statements prepared in accordance with U.S. GAAP. Please see the appendices attached to this presentation for an explanation of management's use of these measures and a reconciliation of the most directly comparable U.S. GAAP financial measures.

Unless otherwise indicated, all references in this presentation to the "Company," "we," "our," "us" or similar terms refer to Agora, Inc. and its subsidiaries, and "Agora" refers to the U.S. and international businesses and "Shengwang" refers to the China business.

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Business Highlights

Agora, Inc.

Business Update - Agora

Extensions Marketplace Partner - ActiveFence

• Global leading provider of AI-drivencontent detection and moderation services
• Practical, user-focused solution to handle emerging online safety and compliance challenges, while boosting user engagement in a safer and more trusted environment

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Business Update - Agora

Vertical Social Networks - Astrotalk

• Prominent online astrology platform operating in over 60 countries with a network of over 5,000 astrologers
• Innovative use case that enables video calls between clients and astrologers to be broadcasted simultaneously to multiple potential customers
• Other vertical social networks include meditation, yoga, religion, sports and creative arts

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