Micron Investor Day 2022

Strategic inventory management enables agility Achieving better customer service while lowering finished goods inventory levels Trailing 3-year average days of inventory outstanding (DIO) FY15 FY22 ↑ DIO ↓DIO WIP* and raw materials Finished goods *WIP: Work in progress Increasing process steps from technology complexity and supporting high value solutions Higher material inventory requirements to ensure production continuity Demand driven postponement model resulting in lowest inventory level in more than a decade and improved customer delivery by 20 percentage points (FY22 vs. FY18) 70 Micron

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