IBM Results Presentation Deck

Software & Infrastructure segment details Software segment Revenue Hybrid Platform & Solutions Red Hat Automation Data & AI Security Transaction Processing Pre-tax income Pre-tax income margin Hybrid cloud revenue (TTM) Annual recurring revenue* 3022 $5.8 $4.2 $1.6 $1.3 22.5% $9.2 $13.0 Includes sales to Kyndryl B/(W) Yr/Yr 14% 8% 18% 3% 4% 6% 33% 32% 4.2 pts 3022 results; revenue growth rates @CC *Annual recurring revenue for Hybrid Platform & Solutions, growth rate @CC 20% 9% Infrastructure segment Revenue Hybrid Infrastructure zSystems Distributed Infrastructure Infrastructure Support Pre-tax income Pre-tax income margin Hybrid cloud revenue (TTM) 3022 $3.4 $1.9 $1.4 $0.3 8.3% $3.9 B/(W) Yr/Yr 23% 41% 98% 21% 5% 34% 1.2 pts 6% 16

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