Investor Presentaiton

Consistent, Disciplined and Balanced Capital Return Strategy Debt Paydown - Actively reducing debt post 2018 M&A activity - Current leverage ratio of 1.27x Adjusted Free Cash Flow (FCF)* Generation 17 Since FY2019 ~$12.1 Billion $7.1 Billion Dividends Paid ~$3.0 Billion Shares Repurchased ~$2.0 Billion - - - - 86 consecutive quarters of dividends paid Growing meaningfully every quarter Active formulaic $4B share buyback program Total expected cash return in FY2024 of $1.9 billion, representing 15.4% year-over- year growth ACCELERATING CASH RETURNS; TARGETING 100% OF FREE CASH FLOW IN ~4 QUARTERS *Adj. FCF is defined as cash flow from operations less (capital expenditures + cash collected/paid under long-term supply arrangements) MICROCHIP

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