Slide 1: Fall Shareholder Update September 2016
1 ©2016 Western Digital Corporation or affiliates. All rights reserved. Fall Shareholder Update September 2016
Slide 2: Forward-Looking Statements
2 ©2016 Western Digital Corporation or affiliates. All rights reserved. Forward - Looking Statements This presentation contains forward - looking statements that involve risks and uncertainties, including, but not limited to, statements regarding our product and technology positioning, the anticipat
Slide 3: Western Digital is a Leading Storage Solutions Company
3 R 94 G 96 B 152 R 60 G 130 B 193 R 45 G 96 B 143 R 212 G 83 B 79 R 237 G 146 B 80 R 244 G 198 B 107 • Rich base of technologies with 10,000+ patents and applications • Diverse product portfolio that allows us to offer comprehensive storage solutions Client Devices Western Digital is a Leading Stor
Slide 4: Industry Trends Informed Strategic Goals
4 Industry Trends Informed Strategic Goals ©2016 Western Digital Corporation or affiliates. All rights reserved. Several years ago, we anticipated meaningful industry shifts that would impact the HDD business and our management team established 5 strategic pillars to position WDC for the future • Cr
Slide 5: Key Benefits and Impact of SanDisk Acquisition
5 R 94 G 96 B 152 R 60 G 130 B 193 R 45 G 96 B 143 R 212 G 83 B 79 R 237 G 146 B 80 R 244 G 198 B 107 Key Benefits and Impact of SanDisk Acquisition Server - side flash storage HW & SW SanDisk Acquisition was Major Step in Long - Term Goal of Creating a Global Storage Solutions Company ©2016 Western
Slide 6: Progress Toward our Long-term Goals in 2016
6 R 94 G 96 B 152 R 60 G 130 B 193 R 45 G 96 B 143 R 212 G 83 B 79 R 237 G 146 B 80 R 244 G 198 B 107 NAND Technology • 3D NAND technology transition • Competitive market Progress Toward our Long - term Goals in 2016 ©2016 Western Digital Corporation or affiliates. All rights reserved. We entered 20
Slide 7: The Storage Market is Robust
7 R 94 G 96 B 152 R 60 G 130 B 193 R 45 G 96 B 143 R 212 G 83 B 79 R 237 G 146 B 80 R 244 G 198 B 107 The Storage Market is Robust ©2016 Western Digital Corporation or affiliates. All rights reserved. Datacenter Solutions USD billion +51 % X% CAGR Source: WDC Estimates Client Devices Datacenter Devi
Slide 8: Acute Focus on Our Integration Plan to Realize Value
8 Acute Focus on Our Integration Plan to Realize Value ©2016 Western Digital Corporation or affiliates. All rights reserved. Our management team is laser - focused on integration efforts during this strategic and organizational transformation period WDC - SanDisk Integration Sources of value • Produ
Slide 9: A Management Team Focused on Creating Value
9 A Management Team Focused on Creating Value ©2016 Western Digital Corporation or affiliates. All rights reserved. On account of the magnitude of the SanDisk and HGST integrations, the Compensation Committee believes it i s critically important to incentivize our management team to remain highly fo
Slide 10: Performance-Based Executive Compensation Program
10 Performance - Based Executive Compensation Program ©2016 Western Digital Corporation or affiliates. All rights reserved. Base Salary Long - Term Incentive 2 (LTI) Short - Term Incentive (STI) [CATEGORY NAME] [VALUE] [CATEGORY NAME] Target [VALUE] [CATEGORY NAME] 3 [VALUE] Key Elements 1 • Provide
Slide 11: Key 2016 Compensation Committee Decisions
11 Key 2016 Compensation Committee Decisions ©2016 Western Digital Corporation or affiliates. All rights reserved. Milligan (CEO) No Change No Change • Annual LTI Award (PSUs, RSUs, Stock Options) Cordano (President & COO) + $25,000 (+ 3.6%) + 15% • Annual LTI Award (PSUs, RSUs, Stock Options ) • In
Slide 12: Establishing Direct Incentives to Drive Integration
12 R 94 G 96 B 152 R 60 G 130 B 193 R 45 G 96 B 143 R 212 G 83 B 79 R 237 G 146 B 80 R 244 G 198 B 107 Establishing Direct Incentives to Drive Integration ©2016 Western Digital Corporation or affiliates. All rights reserved. 1 st Perf. Period — Synergies Goal Tranche #1 Vesting (50%) 2 nd Performanc
Slide 13: Compensation Program Changes for Fiscal 2017
13 Compensation Program Changes for Fiscal 2017 ©2016 Western Digital Corporation or affiliates. All rights reserved. 2017 executive compensation program changes reflect greater focus on long - term performance - based compensation and continued commitment to competitive pay □ Long - Term Incentive
Slide 14: Board Overview
14 R 94 G 96 B 152 R 60 G 130 B 193 R 45 G 96 B 143 R 212 G 83 B 79 R 237 G 146 B 80 R 244 G 198 B 107 Board Overview ©2016 Western Digital Corporation or affiliates. All rights reserved. 33% Diverse 89% Independent Board Composition is Uniquely Suited to Execute Business Strategy x Technology x Mer
Slide 15: Best Practices in Compensation and Governance
15 R 94 G 96 B 152 R 60 G 130 B 193 R 45 G 96 B 143 R 212 G 83 B 79 R 237 G 146 B 80 R 244 G 198 B 107 Best Practices in Compensation and Governance ©2016 Western Digital Corporation or affiliates. All rights reserved. x Annual director elections x Majority vote standard x Strong independent Board l
Slide 16: 16 ©2016 Western Digital Corporation or affiliates. All rights reserved.
16 ©2016 Western Digital Corporation or affiliates. All rights reserved.