Disney Investor Presentation Deck

Decisive Actions Taken to Support Ongoing Operations Throughout COVID-19 In the midst of a global pandemic, Disney's leadership team took steps to protect the Company's long-term interests, continued to deliver entertainment and news when people needed it the most and made decisions important to our Company's future success Significant increase of cash balances through issuance of senior notes; entered additional $5B credit facility Suspension of certain capital projects and reduction of certain discretionary expenditures Decision to forgo fiscal 2020 dividends given limited visibility and prioritization of DTC investments Innovative and disciplined decisions made across business lines (see below) Media and Entertainment Businesses Accelerated Disney+ debuts of Disney's Frozen II, Pixar's Onward, Star Wars: The Rise of Skywalker; added Mulan, Hamilton and Soul ▪ In the absence of live sports, released ESPN's 10-part docuseries The Last Dance 2 months early and rolled out 3 new films as part of the 30 for 30 series Disney+ ESPA Parks, Experiences and Products ■ Continued to deliver virtual viewings of park experiences directly into people's homes and responsibly reopened parks in accordance with CDC guidelines Leveraged our properties for various purposes, including use by sporting leagues such as the NBA and MLS Disneyland parking lot used as Orange County's first mass vaccination site, with more than 100,000 doses administered to date Disney Parks, Experiences and Products 6

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