IBM Results Presentation Deck

Financial highlights 3Q22 $14.1B Revenue $4.1B Free Cash Flow (YTD) "Both our revenue growth and operating profit profile for the first three quarters of the year align to the investment thesis we outlined last fall. Our portfolio mix, business fundamentals, strong recurring revenue stream and solid cash generation allow us to invest for continued growth and return value to shareholders through dividends." James Kavanaugh IBM SVP & CFO Revenue growth rates @CC 15% Revenue growth incl. -5 pts from sales to Kyndryl >70% Revenue mix in software and consulting $22.2B Hybrid cloud revenue (TTM), +20% yr/yr 180bps Pre-tax margin expansion (Operating) $9.7B Cash on hand, incl. marketable securities 6

View entire presentation