Market-Defining and Diversified Innovations Driving Value Creation slide image

Market-Defining and Diversified Innovations Driving Value Creation

Strong Balance Sheet and Flexible Capital Structure Leverage Profile ($M) As of Q1 FY23 $750M Revolving Credit Facility 4.55% Senior Notes due 2024 Undrawn $600 • 4.60% Senior Notes due 2027 $700 3.00% Senior Notes due 2029 $500 ~$3B available liquidity $2.2B cash, cash equivalents, and restricted cash $750M revolving credit facility Committed to investment grade rating Gross Debt¹ $1,800 • Moody's Baa2 Net Cash1 $444 • S&P BBB Total Capital¹ $6,204 • Fitch BBB LTM Adjusted EBITDA $1,805 Gross Debt-to-Capital Gross Debt-to-Adjusted EBITDA 29% 1.0X Long-term gross debt-to-EBITDA target of ~2X Enables strategic flexibility in current macro environment ✔KEYSIGHT 1. Non-GAAP measure, see appendix for reconciliation 91
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