Western Digital Corporation · NASDAQ:WDC

Western Digital — Proxy Contest (September 2016)

16 slides from Western Digital's proxy contest presentation, Sep 22, 2016

  1. Slide 1: Fall Shareholder Update September 2016

    1 ©2016 Western Digital Corporation or affiliates. All rights reserved. Fall Shareholder Update September 2016

  2. 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

  3. 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

  4. 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

  5. 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

  6. 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

  7. 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

  8. 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

  9. 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

  10. 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

  11. 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

  12. 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

  13. 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

  14. 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

  15. 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

  16. Slide 16: 16 ©2016 Western Digital Corporation or affiliates. All rights reserved.

    16 ©2016 Western Digital Corporation or affiliates. All rights reserved.

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