Micron Investor Day 2022

Business model innovation: forward pricing agreements Industry DRAM prices Market pricing Illustrative example DRAM gross margin % Illustrative example Source: Micron estimates Market model Customers win ■ Guaranteed supply ◉ Pricing trendline ■ Reduction in working capital ■ Guaranteed price reductions Micron wins ☐ Stable gross margins New model = Planning predictability Stable, predictable ■ Guaranteed volumes/share Gross margin % variability Announcing our first 3-year DRAM contract with a top 10 customer > $500M/year revenue 46 Micron

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