Disney Shareholder Engagement Presentation Deck

Bob Iger created significant value for Disney shareholders as CEO Total shareholder returns (TSR)¹ - Bob Iger's term as CEO from 09/30/05 to 02/25/20 ● ● The true measure of a CEO's success is the TSR during their tenure as CEO Peltz suggested on CNBC2 that investors "take a look at that TSR and then you tell me the answer" 09/30/05 DISNEY VS. S&P TSR umum Маман M 554% Disney 244% S&P 500 02/25/20 so we did DISNEY VS. MEDIA PEERS TSR Disney COMCAST WARNER BROS. DISCOVERY 21ST 4 CENTURY FOX Paramount Bob Iger's TSR is extremely impressive 5 FOX (17%) 40% 104% 234% 448% Source: FactSet. ¹ TSR represents stock price appreciation plus reinvestment of dividends; 2 Nelson Peltz, CNBC interview, 01/12/23; 3 Represents Comcast Class A shares; 4 Fox returns up to unaffected date of 11/03/17 prior to news leak regarding a potential sale; 5 FOXA returns since 03/19/19 (first day of trading as standalone company) to 02/25/20 554% 6

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