Fourth Quarter Fiscal 2022

Earnings Presentation

November 17, 2022

Applied Materials External

Forward-Looking Statements

This presentation contains forward-looking statements, including those regarding anticipated growth and trends in our businesses and markets, industry outlooks and demand drivers, technology transitions, our business and financial performance and market share positions, our capital allocation and cash deployment strategies, our investment and growth strategies, our development of new products and technologies, our business outlook for the first quarter of fiscal 2023 and beyond, the impact of new export regulations on our ability to export products and provide services to customers and on our results of operations, our intent to seek additional licenses pursuant to new export regulations, and other statements that are not historical facts. These statements and their underlying assumptions are subject to risks and uncertainties and are not guarantees of future performance.

Factors that could cause actual results to differ materially from those expressed or implied by such statements include, without limitation: the level of demand for our products, our ability to meet customer demand, and our suppliers' ability to meet our demand requirements; global economic, political and industry conditions, including rising inflation and interest rates; the interpretation and implementation of new export regulations and license requirements; global trade issues and changes in trade and export license policies; our ability to obtain licenses or authorizations on a timely basis, if at all; transportation interruptions and logistics constraints; the effects of regional or global health epidemics, including the severity and duration of the ongoing COVID-19 pandemic and government imposed lockdowns and other measures taken in response; consumer demand

for electronic products; the demand for semiconductors; customers' technology and capacity requirements; the introduction of new and innovative

technologies, and the timing of technology transitions; our ability to develop, deliver and support new products and technologies; the concentrated nature of our customer base; acquisitions, investments and divestitures; changes in income tax laws; our ability to expand our current markets, increase market share and develop new markets; market acceptance of existing and newly developed products; our ability to obtain and protect intellectual property rights in key technologies; our ability to achieve the objectives of operational and strategic initiatives, align our resources and cost structure with business conditions, and attract, motivate and retain key employees; the variability of operating expenses and results among products and segments, and our ability to accurately forecast future results, market conditions, customer requirements and business needs; our ability to ensure compliance with applicable law, rules and regulations; and other risks and uncertainties described in our SEC filings, including our recent Forms 10-Q and 8-K. All forward-looking statements are based on management's current estimates, projections and assumptions, and we assume no obligation to update them.

2 | Applied Materials External

APPLIED MATERIALS AT-A-GLANCE

REPORTING SEGMENTS

Semiconductor Systems

CURRENT FISCAL

YEAR ENDS

Applied Global Services

30 October 2022

Display and Adjacent Markets

$25.8 billion

$2.8 billion

~33,300*

employees

TTM R&D

TTM REVENUE

INVESTMENTS

in 19** countries

TTM is trailing twelve months. *As of fiscal year-ended 10/30/2022. ** As of fiscal year-ended 10/31/21.

3 | Applied Materials External

FOUNDED

1967

FIRST PUBLIC OFFERING

1972

~15,700**

active patents

Q4F22 Summary

Delivered strong finish to fiscal year with record performance

Record backlog, notably in leadership product areas

Remain focused on mitigating supply chain constraints to meet customer demand

Market Outlook

Expected pull-back in overall WFE in 2023

Foundry/logic: Leading-edge strong, driven by new technology inflections; ICAPS demand mixed

Memory spending expected to be down Y/Y as some customers defer capacity additions

Longer Term

Digital transformation of the economy built upon semiconductors

Semi and equipment markets growing structurally larger

Semiconductor roadmap inflections increasingly enabled by Applied Materials technology

Record Performance, Incremental Supply Chain Improvement

4 | Applied Materials External

Investment Thesis

Market Outlook = Innovation and Secular Growth

Applied = PPACt Enablement Company

Growth in

New and

Unit process

Co-optimized

Actionable insight /

adjacent

subscriptions

leadership and

and integrated

time to market

materials

and services

broadest portfolio

solutions

acceleration

engineering

businesses

High ROI Financial Model + Attractive Shareholder Returns

5 | Applied Materials External

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Applied Materials Inc. published this content on 17 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 November 2022 22:08:05 UTC.