Creating Two Independent Public Companies
2
Forward-Looking Statements
Safe Harbor | Disclaimers
© 2023 WESTERN DIGITAL CORPORATION OR ITS AFFILIATES ALL RIGHTS RESERVED
This presentation contains forward-looking statements within the meaning of the federal securities laws, including, without limitation, statements relating to: the separation of
the HDD and Flash businesses, including the spin-off of the Flash business; the timing and method of the separation and spin-off; the tax treatment of the transaction; the
expected financial and operating performance of and future opportunities for each company following the separation and spin-off; the ability of the companies to achieve
optimal capital structures following the separation and spin-off; the company's expectations regarding revenue, gross margin and compound annual growth rate; the
company's expected areas of focus and strategy to drive growth and profitability and create stockholder value; and expectations regarding the total addressable market and
market opportunity for each company following the separation and spin-off.
These forward-looking statements are based on management's current expectations and are subject to risks and uncertainties that could cause actual results to differ
materially from those expressed or implied in the forward-looking statements. There can be no assurance that these forward-looking statements will be achieved; these
statements are not guarantees of future performance and are subject to certain risks, uncertainties, and other factors, many of which are beyond the company's control and
are difficult to predict, including without limitation: the final approval of the separation by the company's board; availability of financing; execution of definitive documentation;
completion of audited financials; receipt of opinions and/or rulings from certain third parties; ability to satisfy necessary closing conditions on a timely basis; ability to
successfully separate the two businesses and realize the anticipated benefits of the separation; volatility in global economic conditions; inflation; increase in interest rates
and economic recession; future responses to and effects of global health crises; impact of business and market conditions; macroeconomic conditions for the NAND and
HDD markets; customer and supplier relationships and the potential impacts thereon of the announcement of the potential separation and spin-off; regulatory and contractual
restrictions; stock price volatility; the diversion of management's attention from ongoing business operations and opportunities; the impact of competitive products and
pricing; our development and introduction of products based on new technologies and expansion into new data storage markets; risks associated with cost saving initiatives,
restructurings, acquisitions, divestitures, mergers, joint ventures and our strategic relationships; difficulties or delays in manufacturing or other supply chain disruptions; hiring
and retention of key employees; our level of debt and other financial obligations; compromise, damage or interruption from cybersecurity incidents or other data system
security risks; actions by competitors; international conflict; terrorist activities; risks associated with compliance with changing legal and regulatory requirements and the
outcome of legal proceedings; and other risks and uncertainties described in the company's filings with the U.S. Securities and Exchange Commission (the “SEC”), including
the company's Annual Report on Form 10-K filed with the SEC on August 22, 2023. Therefore, actual outcomes and results may differ materially from what is expressed or
forecasted in such forward-looking statements. You should not place undue reliance on these forward-looking statements, which speak only as of the date they are made,
and the company undertakes no obligation to update or revise these forward-looking statements to reflect new information or events, except as required by law.
Western Digital. HDD FlashView entire presentation