Micron Investor Day 2022

Strong revenue growth and cash generation Robust cross-cycle performance Revenue 4-yr moving average >2x Operating cash flow 4-yr moving average >4x Free cash flow* 4-yr moving average $10.6B $26.1B $25.7B $23.9B $21.6B $19.8B $16.3B $13.5B $12.5B Fiscal Year 14 15 16 $5.6B $3.7B $4.0B $3.0B >4x $12.8B $12.7B $11.8B $10.5B $8.5B 17 17 18 19 20 21 1H22^ 14 15 16 17 18 $1.2B $1.2B $0.8B $0.5B IH $3.6B $2.9B $4.3B $4.2B $3.6B 19 19 Λ 20 21 1H22 14 15 16 17 18 19 20 21 1H22^ *Free cash flow is a non-GAAP measure defined as cash provided by operating activities less investments in capital expenditures, net adjusted for amounts funded by partners and proceeds from sales of PP&E. A reconciliation of non-GAAP measures is included in the section titled "Non-GAAP Reconciliations" ^ 1H22 4-yr moving average info are based on 2H18 though 1H22 actual results 77 Micron

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