Micron Investor Day 2022

Solid balance sheet Financial flexibility and lower cost of capital $4.9B 1.1x -$5.0B 0.4x Net Cash -Leverage Lowered cost of debt + Lengthened average maturities ~2x Achieved investment grade rating FQ4'17 FQ2'22 Leverage is defined as ratio of gross debt to Adjusted EBITDA (Trailing Twelve Months). Adjusted EBITDA is a non-GAAP measure defined as non-GAAP net income plus interest, taxes, depreciation and amortization of intangible assets. Net Cash is defined as sum of cash, short-term investments, long-term marketable investments, and restricted cash, minus debt. A reconciliation of non-GAAP measures is included in the section titled "Non-GAAP Reconciliations" 81 Micron

View entire presentation