1. 1 HIGHEST REVENUE Fiscal Quarter Revenue $B

2. 2 012345 Horizon 1 12 months – 18 months Horizon 2 18 months – 3 years Horizon 3 3 years – 5 years NOW GBU/RBUs Emerging Business Unit Innovation Program Office / HP Labs Sustain [MATURE BUSINESSES] Cultivate [NEW BUSINESSES] Cultivate [NEW TECHNOLOGIES] 2 INNOVATION PIPELINE To succeed long term, focus on the middle term

3. 3 Extending the product portfolio Improved quality Creation of new markets Better development costs and production processes Reduced environmental damage New products/ services PORTFOLIO INNOVATION Motivations for innovation differ across the product portfolio 3 HP LEADERSHIP MARKET GROWTH CASH COWS STARS QUESTION MARKS DOGS

4. 4 STRATEGY FOR BREAKAWAY LEADERSHIP Ongoing Operational Transformation Profitably Grow Revenue In The Core 1 Drive incremental growth in selected target markets Deliver leading innovation at a competitive price Gain New Positions In Attractive Adjacent Markets 2 Accelerate growth in high-margin businesses to offset margin pressure in the core Deliver Best Experience And Coverage 3 4 Aggressively reduce cost structure. Eliminate competitor price advantage. Operating model improvements in product development, supply chain, warranty and support Strategic investments to improve sales coverage Total Customer Experience that sets us apart

5. 5