KLA Investor Day Presentation Deck
Investment Grade Balance Sheet Supports Capital Structure
Balance Sheet Summary ¹ ($B)
$2.6
$1.0
$3.8
$12.0
$3.7
$4.1
Total Cash²
Revolver¹
Working Capital
Total Assets
Debt³
Total Shareholders' Equity
Leverage Ratio4
Debt Ratings
Moody's
S&P
Fitch
1.0x
A2
BBB+
A-
Target
$2.5B - $3B
$1.5B
1.5 - 2.0x
Today's Capital Structure Announcements
Share Repurchases
▪ $6B Share Repurchase Authorization
$3B Accelerated Share Repurchase (ASR) over next 3 - 6 months*
▪ $3B Share Repurchase to be completed over following 12-18 months*
*subject to market conditions
■
Dividend
▪ 24% increase in quarterly dividend level to $1.30 from $1.05
New Debt
Net New Debt plan of ~$3B with floating / prepayable flexibility
■ Gross leverage ratio in-line with public target range
Optimizing capital structure to augment shareholder returns
1 As of 3/31/22, Revolver was increased to $1.5B on 6/8/22 | 2 Total Cash includes Cash, Cash Equivalents and Marketable Securities | ³ Includes $275M in revolving credit
facility drawings less $25M in un-amortized debt issuance discounts and costs | 4 Leverage Ratio = Total debt/Adjusted Consolidated EBITDA (trailing four quarters)
KLAH Investor Day 123View entire presentation