IBM Results Presentation Deck

Expense summary Expense SG&A - operating RD&E IP and custom development income Other (income)/expense - operating Interest expense Operating expense & other income 3022 $4.1 $1.6 ($0.1) ($0.3) $0.3 $5.6 B/(W) Yr/Yr (3%) Flat (21%) NM (2%) 1% Currency 5 pts 3 pts 7 pts Acq/ Divest* 0 pts 5 pts 1 pts Base** (8 pts) (8 pts) (7 pts) $ in billions *includes acquisitions in the last twelve months net of non-operating acquisition-related charges and includes impact of closed divested businesses **represents the percentage change after excluding the impact of currency, acquisitions and divestitures 18

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