January, 2015BlackBerry Public

BLACKBERRY:FINANCIAL PROGRESS

Public

SAFE HARBOR Forward-looking statements in this presentation are made pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used herein, words such as "expect", "anticipate", "estimate", "may", "will", "should", "intend", "believe", and similar expressions, are intended to identify forward-looking statements. Forward-looking statements are based on estimates and assumptions made by BlackBerry Limited in light of its experience and its perception of historical trends, current conditions and expected futuredevelopments, as well as other factors that BlackBerry believes are appropriate in the circumstances. Many factors could cause BlackBerry's actual results, performance or achievements to differ materially from those expressed or implied by the forward-looking statements, including those described in the "Risk Factors" section of BlackBerry's Annual Information Form, which is included in its Annual Report on Form 40-F (copies of which filings may be obtained at www.sedar.com or www.sec.gov). These factors should be considered carefully, and readers should not place undue reliance on BlackBerry's forward-looking statements. BlackBerry has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.BlackBerry and related trademarks, names and logos are the property of BlackBerry Limited and are registered and/or used in the U.S. and countries around the world. All other marks are the property of their respective owners. BlackBerry is not responsible for any third-party products or services.

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BLACKBERRY: MOBILE INNOVATOR

LEGACY• Founded

1997

• 1st BlackBerry global wireless email device

• IPO on NASDAQ

• 175+ countries, 650+ carrier and distribution relationships supporting multiple network protocols (1)

• Significant software integration capabilities with carriers (line item billing, etc.)

• Over 200M devices sold• Launch of new premium BB10 devices addressing BYOD• Renowned for highly secure systems; provides the highest level of security in the industry• 90% of Fortune 500 Enterprises are customers• BlackBerry Enterprise Server 12 – leading enterprise mobile services platform• Over 90M active BBM users • QNX has a leading presence in automotive, energy, and healthcare verticals• Significant in-house R&D capabilities (software and hardware)• Operates globally with locations across North America, Europe, Asia Pacific, and Latin America• $3.1B cash balance at the end of Q3 FY15 (Nov)

Inventor of Modern Mobile Devices Mobile Computing Leader

• 1st BlackBerry Smartphone

• Paratek acquisition

PRESENT1984

• IPO on TSX

1999

2002

2012

20102011 • Rockstar patent acquisition

• Nortel patent acquisition

2009 • Certicom acquisition

• QNX acquisition

• Launched BB1020132014 • Launched Z3

• Movirtu acquisition• Launched Passport• Launched BB 10.3• Launched BES 12• Secusmart acquisition• Launched Classic

(1) GSM, GPRS, EDGE, UMTS, HSPA, HSPA+, CDMA/1xRTT/Ev‐DO, and iDEN

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OUR VISION TO ENABLE THE CONNECTED WORLD

“Things”Mobile Workforce

Ente

rpris

e

BB

M &

VA

S

Dev

ices IoT Platform

2017 TAM: $11B,

41% CAGR

Mobile Applications2017 TAM:

$47B,14% CAGR B

TS /

QN

X

Enterprise Applications

Security +

Security is the foundation of everything we doNo one in the market can match our security at each and every layer:• Secure Hardware, Secure OS, Secure BES / Workspace, Secure

Infrastructure, Secure Messaging (eBBM), Secure Microkernel (QNX)

• Enable the Workforce to securely communicate and interact with their devices and machines

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HARDWARE: NEW DEVICES IN FY15

Z3

Q4 FY15September 2014 (Q3 FY15)May 2014 (Q1 FY15)

ClassicPassportPorsche Design 9983

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SOFTWARE: A GROWING AND EVOLVING ENTERPRISE PLATFORM

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TECHNOLOGY LICENSING: BLACKBERRY TECHNOLOGY SOLUTIONS

• Addressing the global market for secure, reliable communications and embedded applications

Global, Scalable,Secure

Global, Scalable,Secure

Premier Mission‐Critical Embedded Software

Premier Mission‐Critical Embedded Software

ECC & Crypto Solution Specialist

ECC & Crypto Solution Specialist

Cross-Functional Innovation

Leader in RF Antenna TuningLeader in RF 

Antenna Tuning40,000+ PatentsIEEE rank = 6

40,000+ PatentsIEEE rank = 6

BlackBerry IoT PlatformBlackBerry IoT Platform

QNXQNX CerticomCerticom ParatekParatek IPRIPR

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THE BLACKBERRY IoT PLATFORM• Combines multiple BlackBerry assets to create solutions that manage and secure devices on the edge

of the network

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OUR MANAGEMENT TEAM

Billy HoEVP, Enterprise Engineering

Steve E. ZippersteinChief Legal Officer

John SimsPresident, Global Sales

Nita White-IvyEVP, Human Resources

James YershChief Financial Officer

Ron LouksPresident, Devices and Emerging Solutions

Marty BeardChief Operating Officer

Sandeep ChennakeshuPresident, Technology Solutions

John ChenChief Executive Officer and Executive Chair

James MackeyEVP, Corporate Development and Strategic Planning

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FINANCIAL HIGHLIGHTS

• Achieved objective of cash flow breakeven in Q3 FY15• Driving to non-GAAP profitability in FY16

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Revenue ($M) Non‐GAAP Loss per Share

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Non‐GAAP OpEx Non‐GAAP Gross Margin

>50% reduction in non-GAAP OpExImproving gross margin trendHW gross margin profitability

Profitability in Q3 FY15Trending to profitability in FY16

Cash flow improved, stable cash balance

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• SAF declining 15% sequentially

• Growth in software, hardware revenue expected to offset SAF decline

• Software revenue of roughly $250M in FY15, expected to double to $500M in FY16

REVENUE DETAILS

$794 $724 $632 $548 $519 $424 $368

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$56 $56 $54

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↑$2,181

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$476 $358 $379 $417

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enue

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)Hardware

Software

Service

Other

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• Improved cash position through cost and liquidity management

• Cash balance stabilized at $3.1B

• Positive cash flow (excluding one-time items) of $43M in Q3 FY15, reversing cash use trend in previous quarters

FINANCIAL DISCIPLINE

$1,591 $1,181

$2,274

$1,579 $1,710 $1,523 $1,498

$1,233

$1,163

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$950 $975 $1,178 $1,273

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$3,071

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$3,087 $3,098 $3,110

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Norm

alized Cash U

se ($M)

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ance

s ($

M)

Cash and cash equivalents Short-term investments

Long-term investments & Restricted cash Normalized cash flow

FINANCIALS

Public

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GAAP INCOME STATEMENTGAAP Income Statement (Three Months Ended)

Q1 FY14 Q2 FY14 Q3 FY14 Q4 FY14 FY14 Q1 FY15 Q2 FY15 Q3 FY15Hardware 2,181$ 770$ 476$ 358$ 3,785$ 379$ 417$ 361$ Service 794 724 632 548 2,698 519 424 368 Software 60 63 56 56 235 54 59 54 Other 36 16 29 14 95 14 16 10

Revenue 3,071 1,573 1,193 976 6,813 966 916 793 Cost of Sales

Cost of sales 2,029 1,013 865 551 4,458 494 484 376 Inventory write-down - 627 1,081 (93) 1,615 21 7 7 Supply commitment charges - 307 511 (35) 783 - - - Total cost of sales 2,029 1,947 2,457 423 6,856 515 491 383

Gross profit 1,042 (374) (1,264) 553 (43) 451 425 410 Operating expenses

Research and development 358 360 322 246 1,286 237 186 154 Selling, marketing and administration 673 527 548 355 2,103 400 195 171 Amortization 180 171 148 107 606 81 75 74 Impairment of long-lived assets - - 2,748 - 2,748 - - - Debentures fair value adjustment - - (5) 382 377 (287) 167 150 Total operating expenses 1,211 1,058 3,761 1,090 7,120 431 623 549

Operating income (loss) (169) (1,432) (5,025) (537) (7,163) 20 (198) (139) Investment income (loss), net 5 (6) - (20) (21) (26) (20) (21)

Loss from continuing operations before income taxes (164) (1,438) (5,025) (557) (7,184) (6) (218) (160) Recovery of income taxes (80) (473) (624) (134) (1,311) (29) (11) (12) Net income (loss) (84) (965) (4,401) (423) (5,873) 23 (207) (148)

Earnings (loss) per share

Basic earnings (loss) per share (0.16)$ (1.84)$ (8.37)$ (0.80)$ (11.18)$ 0.04$ $ (0.39) $ (0.28)

Diluted earnings (loss) per share (0.16)$ (1.84)$ (8.37)$ (0.80)$ (11.18)$ (0.37)$ $ (0.39) $ (0.28)

Weighted-average number of common shares outstanding (000’s)Basic 524,160 524,481 525,656 526,374 525,168 526,742 527,218 528,090 Diluted 524,160 524,481 525,656 526,374 525,168 658,228 527,218 528,090

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NON-GAAP ADJUSTMENTSNon-GAAP Adjustments (Three Months Ended, Pre-Tax)

Q1 FY14 Q2 FY14 Q3 FY14 Q4 FY14 FY14 Q1 FY15 Q2 FY15 Q3 FY15Debentures fair value adjustment -$ -$ -$ 382$ 382$ (287)$ 167$ 150$ CORE program charges & strategic review 26 72 266 148 512 226 33 5 Inventory charge (recovery) - 934 1,592 (149) 2,377 - - - LLA impairment charge - - 2,748 - 2,748 - - - Total Non-GAAP Adjustments (Three Months Ended, Pre-Tax) 26$ 1,006$ 4,606$ 381$ 6,019$ (61)$ 200$ 155$

Non-GAAP Adjustments (Three Months Ended, After-Tax)Q1 FY14 Q2 FY14 Q3 FY14 Q4 FY14 FY14 Q1 FY15 Q2 FY15 Q3 FY15

Debentures fair value adjustment -$ -$ -$ 382$ 382$ (287)$ 167$ 150$ CORE program charges & strategic review 17 51 225 105 398 204 29 4 Inventory charge (recovery) - 666 1,347 (106) 1,907 - - - LLA impairment charge - - 2,475 - 2,475 - - - Total Non-GAAP Adjustments (Three Months Ended, After-Tax) 17$ 717$ 4,047$ 381$ 5,162$ (83)$ 196$ 154$

Reconciliation from GAAP Net Income (Loss) to Non-GAAP Net Income (Loss) and Non-GAAP Earnings (Loss) per ShareQ1 FY14 Q2 FY14 Q3 FY14 Q4 FY14 FY14 Q1 FY15 Q2 FY15 Q3 FY15

GAAP Net Income (Loss) (84)$ (965)$ (4,401)$ (423)$ (5,873)$ 23$ (207)$ (148)$ Total Non-GAAP adjustments (three months ended, after-tax) 17 717 4,047 381 5,162 (83) 196 154 Non-GAAP Net Income (Loss) (67) (248) (354) (42) (711) (60) (11) 6

Non-GAAP Earnings (Loss) per Share (0.13)$ (0.47)$ (0.67)$ (0.08)$ (1.35)$ (0.11)$ $ (0.02) $ 0.01

Shares outstanding for Non-GAAP Loss per Share reconciliation 524,160 524,481 525,656 526,374 525,168 526,742 527,218 540,400

Adjusted loss before income taxes, adjusted net loss and adjusted loss per share do not have a standardized meaning prescribed by GAAP and thus are not comparable to similarly titled measures presented by other issuers. The Company believes that the presentation of these non-GAAP measures enables the Company and its shareholders to better assess the Company’s operating results relative to its operating results in prior periods and improves the comparability of the information presented. This non-GAAP information should not be considered as a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP. You are encouraged to review the Company’s filings on SEDAR and EDGAR. The Company makes no commitment to update the information above subsequently.

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AMORTIZATION AND RESTRUCTURING DETAILS Q1 FY14 Q2 FY14 Q3 FY14 Q4 FY14 FY14 Q1 FY15 Q2 FY15 Q3 FY15

Total cost of sales -$ 10$ 76$ 17$ 103$ 12$ 10$ -$ Research and development 10 8 37 21 76 41 19 4 Selling, marketing and administration 16 54 153 110 333 173 4 1 Total CORE charges 26$ 72$ 266$ 148$ 512$ 226$ 33$ 5$

Q1 FY14 Q2 FY14 Q3 FY14 Q4 FY14 FY14 Q1 FY15 Q2 FY15 Q3 FY15In cost of salesProperty, plant and equipment 68$ 66$ 61$ 16$ 211$ 27$ 16$ 14$

Intangible assets 151 120 102 80 453 83 80 82 Total in cost of sales 219 186 163 96 664 110 96 96 In operating expenses amortization

Property, plant and equipment 102 98 70 51 321 33 28 27 Intangible assets 78 73 78 56 285 48 47 47

Total in operating expenses amortization 180 171 148 107 606 81 75 74 Total amortization

Property, plant and equipment 170 164 131 67 532 60 44 41 Intangible assets 229 193 180 136 738 131 127 129

Total amortization 399 357 311 203 1,270 191 171 170

The information above is supplied to provide meaningful supplemental information regarding the Company's operating results because such information excludes amounts that are not necessarily related to its operating results. The Company believes that the presentation of these non-GAAP measures enables the Company and its shareholders to better assess the Company’s operating results relative to its operating results in prior periods and improves the comparability of the information presented. This non-GAAP information should not be considered as a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP. You are encouraged to review the Company’s filings on SEDAR and EDGAR. The Company makes no commitment to update the information above subsequently.

BlackBerry Investor Relations Pre-Tax CORE Charge Details

BlackBerry Investor Relations Amortization of Intangibles Details

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• BlackBerry’s stock outperformed its indices in 2014

• Outperformed publicly traded EMM competition

BLACKBERRY STOCK

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