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February 2018

Investor Deck

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Disclaimer

Forward-Looking Statements

This presentation contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this presentation other than

statements of historical facts, including statements regarding future results of operations and financial position of SailPoint Technologies Holdings, Inc. (“SailPoint,” “we,” “us” or “our”), our

business strategy and plans, our objectives for future operations and our market opportunity, are forward-looking statements. The words “may,” “will,” “will be,” “will likely result,” “should,”

“expects,” “plans,” “anticipates,” “could,” “would,” “foresees,” “intends,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative of these

words or other similar terms or expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance, but are based on management’s

current expectations, assumptions and beliefs concerning future developments and their potential effect on us, which are inherently subject to uncertainties, risks and changes in

circumstances that are difficult to predict. Our expectations expressed or implied in these forward-looking statements may not turn out to be correct. Our results could be materially different

from our expectations because of various risks. Important factors, some of which are beyond our control, that could cause actual results to differ materially from our historical results or those

expressed or implied by these forward-looking statements include the following: our ability to attract and retain customers and our ability to deepen our relationships with existing customers;

our expectations regarding our customer growth rate; our ability to maintain successful relationships with our channel partners and further develop strategic relationships; our ability to develop

or acquire new solutions, improve our platform and solutions and increase the value of and benefits associated with our platform and solutions; our ability to compete successfully against

current and future competitors; our plans to further invest in and grow our business, and our ability to effectively manage our growth and associated investments; our ability to adapt and

respond to rapidly changing technology, evolving industry standards, changing regulations and changing customer needs; our ability to maintain and enhance our brand or reputation as an

industry leader and innovator; our ability to hire, retain, train and motivate our senior management team and key employees; our ability to successfully enter new markets and manage our

international expansion; adverse economic conditions in the United States, Europe or the global economy; significant changes in the contracting or fiscal policies of the public sector; actual or

perceived failures by us to comply with privacy policy or legal or regulatory requirements; our ability to maintain third-party licensed software in or with our solutions; and our ability to raise

additional capital or generate cash flows necessary to expand our operations and invest in new technologies. These and other important risk factors are described more fully in our reports and

other documents filed with the Securities and Exchange Commission, including the detailed factors discussed under the heading “Risk Factors” in the final prospectus for our initial public

offering, dated November 16, 2017, and could cause actual results to vary from expectations. Moreover, we operate in a very competitive and rapidly changing environment, and new risks

emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination

of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. Any forward-looking statement speaks only as of the date as of

which such statement is made, and, except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether because of new information,

future events or otherwise.

Industry and Market Data

This presentation also contains estimates and other statistical data made by independent parties and by us relating to market size and growth and other data about our industry. This data

involves a number of assumptions and limitations, and you are cautioned not to give undue weight to such estimates. Neither we nor any other person makes any representation as to the

accuracy or completeness of such data or undertakes any obligation to update such data after the date of this presentation. In addition, projections, assumptions and estimates of our future

performance and the future performance of the markets in which we operate are necessarily subject to a high degree of uncertainty and risk.

Non-GAAP Financial Measures

This presentation contains certain supplemental financial measures that are not calculated pursuant to U.S. generally accepted accounting principles (“GAAP”). These non-GAAP measures,

which may be different than similarly titled measures used by other companies, are in addition to, and not a substitute for or superior to, measures of financial performance prepared in

accordance with GAAP. A reconciliation of non-GAAP measures to the most directly comparable GAAP measures is contained in the Appendix.

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SailPoint secures digital

identities IdentityGovernance

How is Who

should

Who

currently

Enabling

organizations

to answer

three critical

questions

has access?

have access?access being used?

4

$132

$186

FY16 FY17

Enterprise focus

Leader in identity governance

Gartner Magic Quadrant

$10B TAM

35+countries

1. Please see the Endnotes in the Appendix for details on the sources and relevant dates of the figured presented

2. Please see Appendix for calculation of adjusted EBITDA

933customers

Revenue and adjusted EBITDA margin(2)

($M) except where noted

Adj. EBITDA margin

41%

3rd generation identity company

Robust platform

Expanding market

opportunity

Loyal customers 95%+maintenance renewal rate

Management team

SailPoint today(1)

11% 14%

5

Digital transformationincreases the

complexityof managing

identities acrossthe enterprise

Employees

Contractors, suppliers

business partners

System resources

Robot identities

IoT devices

6

Organizations need to govern these

identities accessing various connected resources in hybrid

environments

Mainframe apps

On-prem apps

Cloud apps

Directories

Databases

Unstructured data

7

AccessManagement

Identity Governance

Identity management is critical to the modern enterprise

Privileged AccountManagement

8

Access

man

ag

em

en

t

APAC Americas EMEA

Homegrown

commissioning

tool

Close deal

Iden

tity

g

overn

an

ce

Calculate

commissions

View

commissions

Approve

commissions

View personal

paystub

View

benefits

Process

commissions

to payroll

US West US Central US East

Sales rep

9

Enabling all

users efficiently

Protecting access

to applications

and data

Staying compliant

amidst mounting

regulations

System of record for digital identities

IT operations Security Compliance

10

Product leadership drivers

Comprehensive and scalable

Flexible deployment: on-premises or cloud

Open architecture and broad ecosystem

Low total cost of ownership

Address IT operations, security, and compliance

11

Compliance

Controls

Provisioning Access

Request

Password

Management

Data Access

Governance

Identity Analytics

Policy Model Role Model Workflow Engine Identity Warehouse Dashboard & Reporting Risk Model

Governance Platform Services

Connectivity

Connectors APIs Plugins SDKs

Our open identity platform

Mainframe

Apps

Hybrid Environments

Cloud

Apps

Directories DatabasesOn-prem

Apps

Unstructured

Data

Operating

Systems

3rd Party

Integrations

12

ServiceNow

We are foundational to an identity-aware enterprise

APIs SDKs Plugins

(ArcSight)

13

Large and growing market

$9B

Identity and access management

Data-centric audit and protection

Total addressablemarket

+11%

annual growth

through 2020

+ =$8.8B

$1.2B$10B

+20%

annual growth

in 2016

1. Forrester, “Identity and Access Management Software Forecast”, 2017

2. Gartner, “Market Guide for Data-Centric Audit and Protection”, 2017

3. Per S&P Global Market Intelligence

(1)

(2)

Over 80,000 addressable

companies globally(≥ 1,000 employees)

65,000 companies

in our existing markets

Only ~1% penetrated today

(3)

(3)

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Market segment Market opportunity Competitors Sales strategy

• Ripe for disruption

• First-gen provisioning

replacement

• Compliance and data

governance greenfield

• Greenfield

• Oracle

• IBM

• CA

• Homegrown

• Manual

processes

• Direct sales force:

account executives

• Global SIs

• Direct sales force:

territory managers

& inside sales

• Resellers and

boutique SIs

Our market focus

Large enterprise

(7,500+ employees)

Mid-enterprise

(1,000 - 7,499 employees)

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Technology partnersSystem integratorsResellers

Established partner network that provides significant leverage

over 80% of new deals involved partners

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CUSTOMERS(3)

933

Globalcustomer base

6/15 4/6TOP HEALTHCARE

INSURANCE AND MANAGED

CARE PROVIDERS(1)

8/15

5/15TOP

PHARMACEUTICAL

COMPANIES(1)

11/15LARGEST U.S. FEDERAL

GOVERNMENT

AGENCIES(2)

1. Based on Fortune’s 2017 Global 500 list

2. Federal agency rankings based on employee count provided in most recent Employment and Trends report from US OPM

3. Customer count as of 12/31/2017

TOP PROPERTY AND

CASUALTY INSURANCE

PROVIDERS(1)

TOP BANKS(1)

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Customer case studies

Fortune 500

Manufacturer

Problem:

• Outdated legacy solution

• Manual security processes

SailPoint solution:

• Modern, governance-based platform

• Automated 60K+ requests

• Estimated $1M savings annually

Fortune 500

Transportation Company

Problem:

• Internally developed solution

• Compliance deficiencies

SailPoint solution:

• Visibility / control over 450K users

• Elimination of SoD violations

• Addresses scale and complexity

International Consumer

Brand

Problem:

• Mid-market customer

• Need for “cloud-first” governance

SailPoint solution:

• Management of hybrid environment

• Reduced processing time

(months to < 1 day)

• Risk-based compliance

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Extend global presence

Sell to new customers

Expand within existing customers

Leverage partner network

Invest in platform and products

Multiple growth drivers

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Financial highlights

Attractive combination of growth and profitability(1)

Increasing recurring revenue and visibility

Global customer base

Broad vertical representation

High customer retention rate

1. Based on adjusted EBITDA

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1. Small portion of IdentityIQ and SecurityIQ sold on a term license basis

Our business model

Products

Perpetual license

& maintenance (1)

SaaS

Revenue models

Compliance

Controls

Provisioning Access

Request

Password

Management

Identity Analytics

Modules

Compliance

Controls

Provisioning Access

Request

Password

Management

Exchange SharePointWindows and

Unix File Shares

Active

Directory

Cloud Storage

Systems

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$132

$186

FY16 FY17

$44

$68

Q4 '16 Q4 '17

41%

Sustained revenue growth

Annual revenue ($M) Quarterly revenue ($M)

53%

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Growing and diversified customer base

Customer count

1. Current customer count and industry composition percentages as of 12/31/2017

Customer composition(1) (1)

520

695

933

FY15 FY16 FY17

Manufacturing, Energy and Industrials

17%

Banking15%

Technology, Media and Telecom

13%

Finance12%

Insurance10%

Government, Education and

Non-Profit12%

Healthcare10%

Retail and Consumer

8%

Other3%

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Powerful land and expand opportunity

Cumulative license revenue

$0.0

$0.5

$1.0

$1.5

$2.0

$2.5

Year 1 Year 2 Year 3 Year 4 Year 5

Global insurance customer

$0.0

$0.5

$1.0

$1.5

$2.0

$2.5

Year 1 Year 2 Year 3 Year 4 Year 5

Multinational telecommunications customer

7.6x 5-Year purchase multiple 12.4x 5-Year purchase multiple

($M, unless otherwise noted)

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Total non-GAAP gross margin (%)

1. Please see Appendix for GAAP to non-GAAP reconciliations

(1)

Attractive gross and EBITDA margins

Total adjusted EBITDA margin (%)

75% 79%

FY16 FY17

11%

14%

FY16 FY17

(1)

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Appendix

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Reconciliation of non-GAAP gross margin

FY2016 FY2017

GAAP revenue $132,412 $186,056

GAAP total cost of revenue 37,038 44,590

GAAP gross profit $95,374 $141,466

GAAP gross margin 72% 76%

FY2016 FY2017

GAAP total cost of revenue $37,038 $44,590

Stock-based compensation (97) (591)

Amortization of acquired intangibles (4,416) (4,416)

Non-GAAP cost of revenue $32,525 $39,583

($ ‘000’s)

1. Non-GAAP gross profit = GAAP revenue – non-GAAP cost of revenue

2. Non-GAAP gross margin = non-GAAP gross profit / GAAP revenue

FY2016 FY2017

Non-GAAP gross profit (1) $99,887 $146,473

Non-GAAP gross margin (2) 75% 79%

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Reconciliation of adjusted EBITDA

Adjusted EBITDA FY2016 FY2017

Net loss $(3,173) $(7,592)

Income tax (benefit) expense (1,985) 2,293

Interest expense, net 7,277 14,783

Amortization 9,092 8,841

Depreciation 890 1,379

Purchase accounting adjustment 1,373 141

Acquisition and sponsor related costs 1,093 1,142

Stock-based compensation 568 4,514

Adjusted EBITDA $15,135 $25,501

GAAP Revenue $132,412 $186,056

Adjusted EBITDA margin (1) 11% 14%

($ ‘000’s)

1. Adjusted EBITDA margin = adjusted EBITDA / GAAP revenue

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Endnotes

Referenced from Page 4:

Robust Platform:

1. Gartner, “Magic Quadrant for Identity Governance and Administration”, 2017

Expanding Market Opportunity:

1. Forrester, “Identity and Access Management Software Forecast”, 2017

2. Gartner, “Market Guide for Data-Centric Audit and Protection”, 2017

Enterprise Focus:

1. Customers: As of 12/31/2017

2. Countries: As of 12/31/2017

Loyal Customers:

1. Maintenance Renewal Rate: For IdentityIQ for the year ended December 31, 2017