Preliminary FY2020 Targets November 4, 2019 Total Adobe revenue1 ~$13.15 billion Digital Media segment revenue ~19% year-over-year growth Digital Media ARR ~$1.55B of net new ARR Digital Experience segment revenue ~16% year-over-year growth Digital Experience subscription revenue2 ~18% year-over-year growth 3 Digital Experience subscription bookings >20% year-over-year growth Earnings per share GAAP: ~$7.40 Non-GAAP: ~$9.75 1 Revenue targets were set based on Oct. 2019 foreign exchange (“FX”) rates, which for current planning purposes are assumed to be constant during fiscal year 2020 2 Includes revenue from SaaS, managed service and term offerings for Adobe Analytics Cloud, Adobe Marketing Cloud, and Adobe Experience Platform; all revenue for Adobe Advertising Cloud; and all technology revenue for Adobe Commerce Cloud 3 Includes annualized subscription value of SaaS, managed service and term offerings under contract for Adobe Experience Cloud and excludes Adobe Advertising Cloud The information discussed on this slide contains forward looking statements that involve risk and uncertainty. Actual results may differ materially. For a discussion of these risks and uncertainties, you should review Adobe’s SEC filings. Please see our investor relations website for a discussion of these targets and a detailed reconciliation between GAAP and non-GAAP targets. © 2019 Adobe. All Rights Reserved.