HP Inc.

Reports FY22
Third Quarter Results
Net Revenue Diluted Net EPS Non-GAAP1 Diluted Net EPS Cash Provided by Operations
 2% CC2
 17% $1.08 $1.04 $1.1B
$1.00  4%
 4% $0.92
$15.3B $14.7B
 64%
$0.4B

Q3 FY21 Q3 FY22 Q3 FY21 Q3 FY22 Q3 FY21 Q3 FY22 Q3 FY21 Q3 FY22

$14.7 billion $1.08 $1.04 $0.4 billion

Key growth areas collectively grew solid Poly acquisition closure to expand and scale On-track to return >$5B of capital via
double digits our portfolio of hybrid work solutions share repurchases and dividends

Personal Systems Printing Capital Allocation

Net revenue Operating profit Net revenue Operating profit Dividend Payment Stock repurchase Net debt3
$10.1 billion $695 million $4.6 billion $911 million $255 million $1.0 billion ($5.8) billion
3% y/y 6.9% of net revenue 6% y/y 19.9% of net revenue $0.25 per share Approximately $1.1 billion q/q
Flat CC2 5% CC2 29 million shares

1. All non-GAAP numbers have been adjusted to exclude certain items. A reconciliation of specific adjustments to GAAP results for the current and prior periods is included as a part of a Q3 FY22 Results Presentation available at investor.hp.com.
2. CC = constant currency; adjusted to exclude the effect of foreign currency exchange fluctuations calculated by translating current period revenue using monthly exchange rates from the comparative period and excluding any hedging impact recognized in the current period
3. Net cash (debt) is defined as gross cash less gross debt after adjusting the effect of unamortized premium/discount on debt issuance, debt issuance costs and gains/losses on interest rate swaps