Investor Presentaiton

12 Capital Allocation Framework © 2023 WESTERN DIGITAL CORPORATION OR ITS AFFILIATES ALL RIGHTS RESERVED Highest Priority Reinvestment in the Company Strategically reinvest to drive innovation Reduce Leverage Shareholder Return Dividend Program Target 1.0x 3.25x Debt-to-EBITDA - Share Repurchases Committed to returning excess cash to shareholders

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