Slide 1: 2022 Spring Stockholder Outreach
2022 Spring Stockholder Outreach May 2022
Slide 2: Executive Summary
Executive Summary In 2021, our Board took decisive action to reposition Intel for growth by hiring Pat Gelsinger and with Pat at the helm, we are building momentum across Intel The Board recognized Intel needed a proven technology industry veteran to lead Intel’s turnaround, and appointed Pat Gelsin
Slide 3: New Leadership, New Growth Strategy
New Leadership, New Growth Strategy In 2021, our Board took decisive action to transform Intel’s technology leadership team and hired industry veteran Pat Gelsinger as CEO to reposition the company for growth Our Growth strategy Lead In Every Category Execute Flawlessly Innovate With Boldness Foster
Slide 4: Intel's Strategy: A Winning Formula
Intel’s Strategy: A Winning Formula Our Beliefs Our Strategy Our Execution IDM 2.0 Software & Security Foundry Client Network & Edge Data Center & AI Accelerated Compute & Graphics Auto & Mobility 1 We are in an era of sustained, long-term demand Deliver leadership products… The insatiable need for
Slide 5: Continued Refreshment of Board Perspectives
As part of a thoughtful nomination process and our ongoing commitment to creating a balanced Board with diverse viewpoints and deep industry expertise, we regularly add new directors to infuse new ideas and fresh perspectives in the boardroom Continued Refreshment of Board Perspectives James J. Goet
Slide 6: Board focused on the right mix of skills, experience, and perspectives
Our Board is focused on achieving the right mix of skills, experience, and perspectives to support long-term strategy Information reflected as of March 30, 2022 �� Proposal 1: Election of the 10 Director Nominees1 Skills & Expertise Gelsinger Goetz Goldsmith Henry Ishrak Lavizzo- Mourey Liu Smith We
Slide 7: 2021 Stockholder Engagement Overview
45% O/S 37% O/S 30% O/S Following the 2021 Say-on-Pay vote, our Board and management conducted robust stockholder engagement during 20211 Leadership of the Compensation Committee and Board led 12 meetings with stockholders, representing 30% of shares outstanding Sought stockholders’ perspectives on
Slide 8: Addressed Stockholder Feedback on Executive Compensation
Addressed Stockholder Feedback on Executive Compensation LTI = Long-Term Incentive; PSUs = Performance Stock Units; RSUs = Restricted Stock Units; Listed Officers = Intel’s executive officers listed in the Executive Compensation Tables of our proxy statement; TSR = Total Shareholder Return; CAGR = C
Slide 9: 2021 Compensation Program Overview and 2022 Redesign
Base Salary Annual -- Annual Cash Bonus Annual Net income (1/3) Revenue (1/3) One Intel goals – Operational and ESG performance (1/3) Quarterly Cash Bonus Quarter 5% of net income relative to company compensation costs Annual Restricted Stock Units Three Years with Quarterly Vesting Stock price appr
Slide 10: 2021 CEO Transition-Related Compensation
2021 CEO Transition-Related Compensation To attract and incentivize an executive of Mr. Gelsinger’s caliber, the Compensation Committee provided one-time new-hire equity awards, the vast majority of which require significant value creation in order to be realized CEO New-Hire Equity Awards Purpose &
Slide 11: Equity Incentive Plan Governance Practices
No liberal share recycling No evergreen provision No automatic grants No tax gross-ups No discounted stock options or stock appreciation rights No repricing without stockholder approval No reload grants Claw-back policy Individual limits on awards Minimum performance period Plan is administered by i
Slide 12: Stockholder Proposals
Stockholder Proposals Stockholder Proposal Requesting Amendment to the Company’s Stockholder Special Meeting Right The change from a 15% ownership threshold to 10% that the proposal requests is contrary to the best interests of our stockholders and unnecessary because stockholders owning 15% of our
Slide 13: The Board asks that you vote FOR all management proposals
The Board asks that you vote FOR all management proposals and AGAINST the stockholder proposals We Request Your Support at the 2022 Annual Stockholders’ Meeting Management Proposals 1 Election of the 10 Director Nominees �� FOR 2 Ratification of Selection of Ernst & Young LLP as Our Independent Regi
Slide 14: Appendix
APPENDIX
Slide 15: Comparison of Value of CEO New-Hire Equity Awards
Value of CEO new-hire equity awards reflected in offer letter is different than the value disclosed in Executive Compensation Tables of our 2022 proxy statement due to stock price used and accounting valuations Comparison of Value of CEO New-Hire Equity Awards Award Types Negotiated New-Hire Package
Slide 16: Long History of Leadership on ESG/Corporate Responsibility
Long History of Leadership on ESG/Corporate Responsibility For more than two decades, we have advanced transparency, set ambitious goals, and integrated corporate responsibility across all aspects of our business and supply chain to create value for our stockholders and stakeholders Newsweek America
Slide 17: Holistic Plan for Responsible Value Creation
Holistic Plan for Responsible Value Creation Read our most recent Corporate Responsibility Report at www.intel.com/responsibility We advance transparency, set ambitious goals, and integrate corporate responsibility across all aspects of our business to create value for our stockholders and stakehold
Slide 18: Responsible Value Creation Progress
Continued to expand responsible minerals sourcing and supplier audits/capability building for responsible business practices Through the Intel RISE Technology Initiative, we partnered on more than 230 projects to accelerate access to technology for COVID-19 response 82% of global power use from rene
Slide 19: Our Talent Strategy
Our talent strategy 121,000+ global employees Develop employees to reach their full potential Attract the world’s best engineers and technologists to accelerate IDM 2.0 Foster an inclusive, results-driven culture 17,000+ Technical1 external hires in 2021 Human Capital Management (as of 2021 FY end)
Slide 20: Notices & Disclaimers
Notices & Disclaimers Statements in these materials that refer to forecasts, business outlooks and beliefs, future plans or expectations, including Intel’s growth, IDM 2.0, talent, 2030 RISE and other strategies; the frequency of new directors or refreshment; future actions with respect to executive