Capital Allocation Framework slide image

Capital Allocation Framework

11 WESTERN DIGITAL CONFIDENTIAL Gross Capital Expenditure Trends In billions $ 3.5 © 2022 WESTERN DIGITAL CORPORATION OR ITS AFFILIATES ALL RIGHTS RESERVED $ 3.0 $2.5 $ 1.6 | $ 2.0 $ 1.0 $ 1.6 $ 1.5 $ 1.9 $ 1.5 $ 1.0 $ 2.0 $ 1.6 $ 1.6 $ 1.4 $ 1.2 $ 0.5 $ 0.8 $ 0.0 -$ 0.3 -$ 0.5 (1) FY18 FY19 FY20 FY21 FY22 FY23F (2) (3) Cash CapEx OWD portion of: Flash Ventures Cash Flow + Flash Ventures Lease Financing 1. FY23F: Gross Capital Expenditures of ~$3.2 billion, of which Cash Capital Expenditures = ~$1.6 billion. 2. Cash Capital Expenditures includes purchases of property, plant and equipment, net, and notes receivable issuances to Flash Ventures, net. 3. Flash Ventures Net Operating Cash Flow and Flash Ventures Lease Financing are comprised only of Western Digital's portions.
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