Q2FY23 Financial Summary and Strategic Highlights

Significant changes underway to accelerate growth and win market share Initial changes implemented; key learnings and new top talent helping to drive continued improvements Ongoing Transformation . New operating model established . • Further aligned incentives with What we've done . • Operating Units Enhanced culture meaningful changes Established technology development centers Strategic customer relationships Key Learnings Attracting top talent Accelerating... • Operations and supply chain improvements Accountability and consistency in patient safety & quality processes Portfolio management 9 Investor Meetings | November 2022 Medtronic

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