Disney Investor Presentation Deck

Strategic Growth and Transformation Drive Strong Returns Under Mr. Iger's leadership, Disney has created tremendous shareholder value driven by organic investments and successful integration of key acquisitions aligned with the Company's transformation strategy, including recent success of the direct-to-consumer business Total Shareholder Return During Mr. Iger's Tenure as CEO¹ PIXAR Jan-24-06: DIS agrees to acquire Pixar 0% 2006 2007 MARVEL Aug-31-09: DIS signs agreement to acquire Marvel Entertainment 2008 2009 2010 ¹ Represents TSR from September 30, 2005 through September 27, 2019 2011 JUCASFILM Ltde Oct-30-12: DIS agrees to acquire Lucasfilm 2012 2013 2014 B BAMTECH MEDIA Aug-08-17: DIS agrees to acquire majority ownership of BAMTech Mar-20-19: DIS closes 21st Century Fox acquisition 2015 21ST CENTURY FOX 2016 Disney + Apr-11-19: DIS provides overview of new direct- to-consumer strategy at Investor Day 2017 May-14-19: DIS announces assumption of full operational control of Hulu hulu 2018 2019 Outperformance of 336 percentage points vs. the S&P 500 over Mr. Iger's tenure 559% 4

View entire presentation