Business Momentum Adobe Document Cloud Revenue Mix FY2016 Revenue Mix FY2019E Revenue Mix Perpetual & OEM • Subscription and ETLA Perpetual & $0.2B adoption fueling growth of OEM $0.3B Service & subscription revenue Support $0.8B ~$1.2B • Perpetual installed base represents migration opportunity $0.4B $1.0B Subscription Service & Subscription Support Source: Adobe; FY2019E reflects FY2019 YTD results and Q4FY2019 financial targets © 2019 Adobe. All Rights Reserved.