Market-Defining and Diversified Innovations Driving Value Creation

Compounding Returns and Record Performance Driven by Strong Execution $2.86 • 10% +850 CAGR bps $5.42 65.0% 56.5% FY15 FY22 +1,120 18% bps CAGR 17% CAGR 18.1% 29.3% $959 $7.63 $296 $2.52 Revenue ($B)1 Balanced growth: 10% CAGR for both CSG and EISG >$1B annualized recurring revenue, ~21% FY22 revenue Gross Margin %1,2 Sustained favorable mix shift (R&D, software, services) driving higher gross margins Maintained gross margin in FY22 despite inflation Operating Margin %1,2 Strong execution leads to sustained margin expansion While more than doubling R&D investment and direct sales force since FY151,3 • Free Cash Flow ($M)¹ > 3X FCF growth since FY15 Supply chain dynamics unfavorably impacted FY22 FCF EPS1 Compounding returns through revenue growth, strong margins, and disciplined capital allocation Positioned for continued growth, margin expansion, and cash flow generation ✔KEYSIGHT 1. Non-GAAP measure, see appendix for reconciliations; 2. FY15 - FY18 operating margin and gross margin restated to reflect Q1'19 adoption of ASU 2017-07, "Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost"; 3. FY15 R&D investment was $387M 89

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