Investor Presentation

February 2017

Safe Harbor SlideSafe Harbor Statement

This presentation contains forward-looking statements that involve risks and uncertainties, including statements regarding MobileIron's revenue and other GAAP and non-GAAP financial metrics for the company's third quarter in 2015 and other statements regarding trends in the company's business, including statements regarding MobileIron's GAAP and non-GAAP revenue and operating expense targets, growth in our customer base, increased customer adoption, and expected benefits from new product offerings and MobileIron’s partner ecosystem. There are a significant number of factors that could cause actual results to differ materially from statements made in this presentation, including MobileIron's limited operating history,quarterly fluctuations in MobileIron's operating results, MobileIron's need to develop new solutions and enhancements to compete in rapidly evolving markets, product defects, competitive pressures, customer adoption, changes by operating system providers and mobile device manufacturers, MobileIron's inability to manage growth, the quality of MobileIron support, MobileIron's reliance on channel partners and development of partner ecosystem.

Additional information on potential factors that could affect MobileIron's financial results is included in the company's SECfilings, including its most recent Form 10-K and Form 10-Q. MobileIron does not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.

VisionUnlock human

potential

MissionProvide security and apps

backbone for modern computing

StrategyBuild scalable, multi-OS

architecture with repeatable business model

Large Secular Trend of Enterprise Security & Mobility

Leadership Positionin the Magic Quadrant

Rapidly Growing Base with over 10+ million Cumulative seats and 13,500 Cumulative Customers since 2009

High Organic GrowthRecurring Revenue Growth 25% in 2016

Sales Leverage & Reach through Global Channels

Strong ecosystem100+ OS, device, security, cloud, network, apps ISVs

Accelerating Business Modelwith Compelling Economics & Path to Profitability

Data as of fourth quarter 2015

Two trends power our business

Mobile security

Cloud security

Network security

Enablement

Intelligence

Move to cloudMove to mobile

Old: Perimeter Model

Enterprise Boundary Collapsing

System imageAnti-malware agents

PerimeterFirewall

Device VPNVDI

Mobile & Cloud Model

Salesforce Office365 Workday SAP Oracle

Concur Google Drive box Dropbox

Enterprise Information is Everywhere:

In the datacenter

In the cloud

In mobileapps

On mobile devices

In motion between them

Apps@WorkEnterprise app store

Docs@WorkSecure content

Web@WorkSecure browsing

Help@WorkTroubleshooting

TunnelPer app VPN

Email+Secure email

Note: Some features will vary by device and deployment model

AppConnectEcosystem

Conditional Access Integration

Policy and Identity Cloud SecurityEnablement Enforcement

MobileIron end-to-end product architecture

Broad, Integrated Ecosystem

Service providers

Services multiplier

Infrastructure

Mobile awareness

OS/ODM

Device Adoption

Applications

Security

Significant Business DriversGrow EMM Business: 15-20% Market Growth

Expand TAM: 500M Laptops Increase ASP $ / customer: 10 - 33%

New products

Fed RampCalifornia law

Common criteria

Mobile Apps and Regulatory

Requirement

Certifications awarded

FedRAMPGovernment Cloud

US-EU Privacy Shield CSfCNSA Commercial Solutions for Classified

FIPS 140-2 Common CriteriaMDMPP V2

SOC 2 Type II

Why We Win

We secure apps

AppConnect

We secure the network

Sentry

We secure identity

Certs and SSO

Routes to Market

Operators

VARs

Financial Overview

Sales Model: Optimized for Long Term Growth

SELL MORE SEATS

INCR

EASE

$/S

EAT

1) Renew: renewals of subscription and software support agreements on a device basis

Upsell More ProductsIncreased $ per seat

Land New CustomersSubscription or Perpetual

Expand OrdersExisting Customer Upside

RenewHigh Renewal Rate

MCM MAM

MDM

Kerberos

Revenue Mix Shifting Towards Subscription

See earnings press release for non-GAAP reconciliation

Shift from Perpetual to Subscription64% to 25%

HigherNet Present Value on Subscription

Increased Predictability

Perpetual 32%

Subscription 36%

Software Support/Services

32%

4Q REVENUE

$45.5M

+6%

4Q YoY Revenue Growth by Category

$42.9 $45.5

-1.0

+2.0 +1.6

Recurring Billings and Revenue

Recurring Billings Recurring Revenue

Billings Model

Perpetual (One Time)

Software Support

Term Subscription(12/24/36 Month)

Monthly Recurring (MRC)Billed Each Month by Service Provider

Not in Deferred Revenue

Footnotes:1) See earnings press release for non-GAAP reconciliation2) Recurring billings: Billings from subscription (term and MRC) plus service support. 3) Recurring revenue: revenue from subscription (term and MRC) plus service support.

46% CAGR 49% CAGR

Billings and revenue shift to recurring modelBillings mix Revenue mix

Footnotes:1) See earnings press release for non-GAAP reconciliation2) Recurring billings: Billings from subscription (term and MRC) plus service support. 3) Recurring revenue: revenue from subscription (term and MRC) plus service support.

Focus on Expense Optimization

4Q16: Non-GAAP Operating expenses of $41.1M• Down $0.9M from 4Q15• Down 7% as a % of revenue

Non-GAAP Operating Expenses as % of Revenue

Non-GAAP Target Model Target

Gross Margin 85% – 87%

Sales & Marketing 33% - 36%

Research & Development 18% – 20%

General & Admin 7% - 9%

Operating Income 20% - 25%

30% 35% 30%

70% 51%50%

15%

15%11%

4Q 14 4Q 15 4Q 16

Research & Development Sales & Marketing General & Admin

114%

97%90%

Footnotes:1) See earnings press release for non-GAAP reconciliation2) Recurring billings: Billings from subscription (term and MRC) plus service support. 3) Recurring revenue: revenue from subscription (term and MRC) plus service support.

MobileIron Confidential

Quarterly GAAP to Non-GAAP Reconciliations

GAAP to Non-GAAP Reconciliation

(inUSD'000s,exceptfor%s) Q12015 Q22015 Q32015 Q42015 FY2015 Q12016 Q22016 Q32016 Q42016 FY2016GAAPrevenue 33,494$ 34,757$ 38,002$ 43,047$ 149,300$ 38,007$ 38,881$ 41,566$ 45,531$ 163,985$VSOErevenuepriorto2013 (771) (616) (326) (129) (1,842) - - - - -

Non-GAAPrevenue 32,723$ 34,141$ 37,676$ 42,918$ 147,458$ 38,007$ 38,881$ 41,566$ 45,531$ 163,985$

GAAPgrossprofit 26,999$ 28,188$ 30,429$ 35,506$ 121,122$ 30,737$ 30,764$ 33,757$ 38,179$ 133,437$VSOErevenuepriorto2013 (771) (616) (326) (129) (1,842) - - - - -Amortizationofintangibles 223 223 223 200 869 154 154 154 154 616Stock-basedcompensationexpenses 431 443 1,056 845 2,775 390 1,055 747 851 3,043Restructuringexpense - - - - - - - 181 - 181

Non-GAAPgrossprofit 26,882$ 28,238$ 31,382$ 36,422$ 122,924$ 31,281$ 31,973$ 34,839$ 39,184$ 137,277$Non-GAAPgrossmargin( non- GA A P pro f it over non- GA A P revenue) 82.2% 82.7% 83.3% 84.9% 83.4% 82.3% 82.2% 83.8% 86.1% 83.7%

GAAP to Non-GAAP Reconciliation – cont.

(inUSD'000s,exceptfor%s) Q12015 Q22015 Q32015 Q42015 FY2015 Q12016 Q22016 Q32016 Q42016 FY2016Researchanddevelopment-GAAP 13,501$ 14,899$ 16,969$ 16,504$ 61,873$ 16,927$ 18,019$ 16,238$ 16,214$ 67,398$Stock-basedcompensationexpenses (1,728) (2,149) (3,832) (2,898) (10,607) (2,601) (3,812) (2,709) (2,606) (11,728)

Researchanddevelopment-non-GAAP 11,773$ 12,750$ 13,137$ 13,606$ 51,266$ 14,326$ 14,207$ 13,529$ 13,608$ 55,670$As%ofnon-GAAPrevenue 36% 37% 35% 32% 35% 38% 37% 33% 30% 34%

Salesandmarketing-GAAP 25,805$ 29,037$ 25,855$ 24,822$ 105,519$ 25,669$ 27,246$ 24,001$ 24,759$ 101,675$Stock-basedcompensationexpenses (1,834) (2,193) (2,586) (2,894) (9,507) (3,119) (2,992) (2,307) (2,056) (10,474)

Salesandmarketing-non-GAAP 23,971$ 26,844$ 23,269$ 21,928$ 96,012$ 22,550$ 24,254$ 21,694$ 22,703$ 91,201$As%ofnon-GAAPrevenue 73% 79% 62% 51% 65% 59% 62% 52% 50% 56%

Generalandadministrative-GAAP 8,398$ 9,105$ 10,469$ 8,065$ 36,037$ 7,548$ 8,265$ 6,961$ 7,021$ 29,795$Stock-basedcompensationexpenses (1,143) (1,167) (1,812) (1,780) (5,902) (2,139) (2,686) (2,109) (2,210) (9,144)

Generalandadministrative-non-GAAP 7,255$ 7,938$ 8,657$ 6,285$ 30,135$ 5,409$ 5,579$ 4,852$ 4,811$ 20,651$As%ofnon-GAAPrevenue 22% 23% 23% 15% 20% 14% 14% 12% 11% 13%

GAAP to Non-GAAP Reconciliation – cont.

(inUSD'000s,exceptfor%s) Q12015 Q22015 Q32015 Q42015 FY2015 Q12016 Q22016 Q32016 Q42016 FY2016Operatingincome(loss)-GAAP (20,705)$ (24,853)$ (23,914)$ (13,885)$ (83,357)$ (19,407)$ (22,766)$ (14,314)$ (9,815)$ (66,302)$VSOErevenuepriorto2013 (771) (616) (326) (129) (1,842) - - - - -Amortizationofintangibles 223 223 223 200 869 154 154 154 154 616Stock-basedcompensationexpenses 5,136 5,952 9,286 8,417 28,791 8,249 10,545 7,872 7,723 34,389Restructuringexpense - - 1,050 - 1,050 - - 1,053 - 1,053

Operatingincome(loss)-non-GAAP (16,117)$ (19,294)$ (13,681)$ (5,397)$ (54,489)$ (11,004)$ (12,067)$ (5,235)$ (1,938)$ (30,244)$Operatingmargin-non-GAAP( non- GA A P operat ing income ( loss) over non-GA A P revenue) -49% -57% -36% -13% -37% -29% -31% -13% -4% -18%

Explanation ofNon-GAAPMeasures

TosupplementourfinancialresultspresentedonaGAAPbasis,weusethenon-GAAPmeasuresindicatedinthetables,whichexcludestock-basedcompensation,theamortizationofintangibleassets,andperpetualrevenue recognizedfromlicensesdeliveredpriorto2013,thatwebelievearehelpfulinunderstandingourpastfinancialperformanceandourfutureresults.Ournon-GAAPfinancialmeasuresarenotmeanttobeconsideredinisolationorasasubstituteforcomparableGAAPmeasuresandshouldbereadonlyinconjunctionwithourconsolidatedfinancialstatementspreparedinaccordancewithGAAP.Ourmanagement regularly usesoursupplementalnon-GAAPfinancialmeasuresinternallytounderstand,manageandevaluateourbusinessandmakeoperatingdecisions.Thesenon-GAAPmeasuresareamongtheprimary factorsmanagementusesin planningforandforecastingfutureperiods.Compensationofourexecutivesisbasedinpartontheperformanceofourbusinessbasedonthesenon-GAAPmeasures.Ournon-GAAPfinancialmeasuresreflectadjustmentsbasedonthefollowingitems:

Perpetuallicenserevenuerecognizedfromlicensesdeliveredpriorto2013 Wehaveexcludedtheeffectofperpetuallicenserevenuerecognizedfromlicensesdeliveredpriorto2013fromrevenuegrossprofit,grossmargin,operatingloss,andoperatingmargin.Becausewehadnotestablishedvendorspecificobjectiveevidence,orVSOE,offairvalueofsoftwaresupportandservicespriortoJanuary1,2013,werecognizedperpetuallicenserevenueratablyover thetermoftherelatedsoftwaresupportagreement.UponestablishingVSOEonJanuary1,2013,webegantorecognizeperpetuallicense revenueupondeliveryassumingallotherrevenue recognitioncriteriaaremet.Asaresult,ourperpetual licenserevenueincludesamountsrelatedtolicensesdelivered inpreviousyears.Revenue fromtheseperpetual licensesdeliveredpriorto2013hasdeclinedovereachquartersincethequarterendedMarch31,2013andwillcontinuetodeclinesequentiallyuntilitisfullyamortized.Weevaluateourbusinessperformanceexcludingrevenuefromtheseperpetual licensesdeliveredpriorto2013aswebelievethattheinclusionofthisrevenuemakesitdifficulttocompareperiodsandunderstandgrowthin ourbusiness.

Stock-basedcompensationexpenses:Wehaveexcludedtheeffectofstock-basedcompensationexpensesfromournon-GAAPcostofrevenue,operatingexpensesandnet incomemeasures.Althoughstock-basedcompensationisakeyincentiveofferedtoouremployees,andwebelievesuchcompensationcontributedtotherevenuesearnedduringtheperiodspresentedandalsobelieve itwillcontributetothegenerationoffutureperiodrevenues,wecontinuetoevaluateourbusinessperformanceexcludingstock-basedcompensationexpenses.Stock-basedcompensationexpenseswillrecurinfutureperiods.

Amortizationofintangibleassets:Wehaveexcludedtheeffectofamortizationofintangibleassetsfromournon-GAAPcostofrevenue,operatingexpensesandnet incomemeasures.Amortizationofintangibleassetsisinconsistentinamountandfrequencyandissignificantlyaffectedbythetimingandsizeofouracquisitions.Investorsshouldnotethattheuseofintangibleassetscontributedtoourrevenuesearnedduringtheperiodspresentedandwillcontributetoourfutureperiodrevenuesaswell.Amortizationofintangibleassetswillrecurinfutureperiods.

RestructuringCharges:Inournon-GAAPfinancialmeasures,wehaveexcludedtheeffectoftheseveranceandotherexpensesrelated toourreductioninworkforce.Restructuringchargesmay recurinthefuture;however, thetimingandamountsaredifficulttopredict.

GAAP to Non-GAAP Reconciliation