raymond james institutional investor conference...this presentation contains forward-looking...

Raymond James Institutional Investor Conference

Copyright 2020, Arlo Technologies Inc. All Rights Reserved.

March 3, 2020

Copyright 2020, Arlo Technologies Inc. All rights reserved.

This presentation contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. The words “anticipate,” “expect,” “believe,” “will,” “may,” “should,” “estimate,” “project,” “outlook,” “forecast” or other similar words are used to

identify such forward-looking statements. However, the absence of these words does not mean that the statements are not forward-looking. The forward-looking statements represent the expectations or beliefs of Arlo Technologies, Inc. (the “Company”) concerning future events

based on information available at the time such statements were made and include statements regarding: the future financial flexibility and ability to pursue long-term strategies; the Company’s future operating performance and financial condition; expectations regarding the timing,

distribution, sales momentum and market acceptance of recent and anticipated new product introductions that position the Company for growth; future market growth; and expectations regarding seasonal changes in the Company’s business performance. These statements are

based on management's current expectations and are subject to certain risks and uncertainties, including the following: future demand for the Company's products may be lower than anticipated; consumers may choose not to adopt the Company's new product offerings or adopt

competing products; product performance may be adversely affected by real world operating conditions; the Company may be unsuccessful or experience delays in manufacturing and distributing its new and existing products; telecommunications service providers may choose to

slow their deployment of the Company's products or utilize competing products; the Company may be unable to collect receivables as they become due; the Company may fail to manage costs, including the cost of developing new products and manufacturing and distribution of its

existing offerings; the Company may incur additional costs and charges associated with the transactions contemplated by the Verisure partnership; the Company may not receive the minimum commitment amounts from Verisure; health epidemics and other outbreaks; the Company

may fail to successfully continue to effect operating expense savings; changes in the level of Arlo's cash resources and the Company's planned usage of such resources; changes in the Company's stock price and developments in the business that could increase the Company's cash

needs; fluctuations in foreign exchange rates; the actions and financial health of the Company's customers; the anticipated financial capacity under Arlo’s revolving credit line may not be available when expected, or at all; and the Company may not be able to carry out its

restructuring plan. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in such forward-looking statements.

Further information on potential risk factors that could affect the Company and its business are detailed in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2018, Quarterly Report on Form 10-Q for the fiscal quarter ended September 29, 2019 and

other periodic filings with the Securities and Exchange Commission. Given these circumstances, you should not place undue reliance on these forward-looking statements. The Company undertakes no obligation to release publicly any revisions to any forward-looking statements

contained herein to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

All product and company names herein are or may be trademarks of their respective owners.

SAFE HARBOR DISCLOSURE

Vision Statement

To bring peace of mind by connecting and

protecting what people care about the most.

Mission Statement

We build trusted, lifelong customer relationships by creating

innovative, smart security solutions that deliver an exceptional user

experience.

Copyright 2020, Arlo Technologies Inc. All rights reserved. Copyright 2020, Arlo Technologies Inc. All rights reserved.

Ownership: Your personal data belongs to you and you alone.

We don’t monetize your personal data. Arlo is not in the business of

utilizing your personal information as a commodity to make money.

Control: Your data is for your eyes only.

We are committed to practicing the highest standards for data protection

in our industry to ensure that your personal information remains private

and in your control.

Protection: We protect your private moments.

Arlo was founded as a security company first and foremost. We deliver

industry leading security solutions that empower you to protect and

connect with the people and places you love the most.

ARLO‘S PRIVACY PLEDGE

Copyright 2019 Arlo Technologies, Inc. Confidential. Do not distribute.

15.8M devices shipped (cumulative)

4.0M registered accounts (1)

230K paid accounts (2)

143M events per day

Note: Devices shipped, registered accounts and paid accounts are measured cumulatively as of December 31, 2019. Videos streamed per day measured for Q4 2019.

(1) We define our registered accounts at the end of a particular period as the number of unique registered accounts on the Arlo platform as of the end of such particular period, and includes accounts owned by Verisure S.a.r.l.. The number of registered accounts does not necessarily reflect the number of end-users on the Arlo platform, as one registered account

may be used by multiple people.

(2) Paid accounts worldwide measured as any account where a subscription to a paid service is being collected (either by the Company or by the Company’s customers or channel partners), plus paid service plans of a duration of more than 3 months bundled with products (such bundles being counted as a paid account after 90 days have elapsed from the date of registration). Paid accounts includes accounts

transferred to Verisure S.a.r.l..

The Arlo Security Solution


SMART SECURITY ECOSYSTEM


BEST-IN-CLASS PRODUCTS


SIMPLY POWERFUL EXPERIENCE

The Arlo App is a simple interface that provides low latency yet powerful

access to the Arlo platform.

Notifications

Near instant notifications of motion events from the Arlo system.

Live View

Ability to live view cameras and communicate through 2-way audio.

Recordings

Access to cloud storage of previous motion events and recordings.

System Control

Complete device control including arm status, turning lights on/off, and

numerous other settings.


Arlo Smart™ Services


ARLO SMART™ SUBSCRIPTION

Interactive Notifications See event snapshots, play videos, and take action

from lock screen

Enhanced 911 One tap call to local emergency services no matter

your location

Activity Zones Fine tune areas that trigger motion events and

notifications

Cloud Storage 30-60 days of cloud storage to save past events

and videos up to 4K

Person Detection Detection of persons in videos and motion events

based on AI

Vehicle Detection Detection of cars and trucks in videos and motion

events based on AI

Animal Detection Detection of various animals in videos and motion

events based on AI

Package Detection Detection of packages and parcels in videos and

motion events based on AI

Data Protection Advanced security protocols backed by our Privacy

Pledge.

Smoke/CO Alarm Detection Detection of audible Smoke or Carbon Monoxide

alarms based on audio AI


ARLO SMART™ PLANS


REGISTERED ACCOUNTS

0.86

1.09

1.33

1.67

1.92

2.20

2.49

2.85

3.13

3.40

3.70

4.02

Q1'17 Q2'17 Q3'17 Q4'17 Q1'18 Q2'18 Q3'18 Q4'18 Q1'19 Q2'19 Q3'19 Q4'19

41% YoY Growth

In Millions


PAID ACCOUNTS

38

48

61

78

92

102

125

144

163

187

211

230

Q1'17 Q2'17 Q3'17 Q4'17 Q1'18 Q2'18 Q3'18 Q4'18 Q1'19 Q2'19 Q3'19 Q4'19

60% YoY Growth

In Thousands

Arlo SmartCloud™ SaaS Platform


ARLO SMARTCLOUD™ ADVANTAGES

Efficient & Scalable

The platform is operating at a large

scale driving enormous efficiencies.

The architecture is also self-scaling

and self-healing to dynamically react

to load and events in the field.

High Performance

Arlo SmartCloud is highly

performant utilizing parallel

processing to achieve low latency.

Our analytics, AI/ML, and computer

vision provide best-in-class

accuracy and flexibility.

Private & Secure

Arlo employs industry leading

technologies and processes.

Privacy is also at the foundation of

our culture and architecture as

found in our privacy pledge. This

approach is passed through and

provides benefits to our partners.

Fully Managed

Our platform is full managed on a

global basis including 24/7

monitoring, full alarmed systems,

automated recovery tools, and

robust event response processes

providing high availability and

uptime.

Partner Ready

The Arlo SmartCloud architecture

was built to be modular and available

to outside partners. We have a

robust API set, a knowledge base of

best practices, and an

integration/support team dedicated

to bringing our capabilities to

partner solutions.


ARLO SMARTCLOUD™ SCALE

* Tubefliter 2019

** omnicoreagency.com, 2019

500 hours of videos uploaded every minute*

95 million photos/videos uploaded every day**

>700 hours of videos uploaded every minute

>140 million videos uploaded every day


VERISURE DEAL CLOSED

Financial Highlights


$24

$40

$47

$74

$62

$79

$105

$125

$101

$111

$131

$122

$58

$84

$106

$122

Q1'16 Q2'16 Q3'16 Q4'16 Q1'17 Q2'17 Q3'17 Q4'17 Q1'18 Q2'18 Q3'18 Q4'18 Q1'19 Q2'19 Q3'19 Q4'19

Carve-out financials

Revenue in $’Millions

REVENUE SINCE INCEPTION


CASH, CASH EQUIVALENTS, SHORT TERM INVESTMENTS

$188

$201

$180

$138

$154

$257

Q3'18 Q4'18 Q1'19 Q2'19 Q3'19 Q4'19

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