17 intel.com/responsibility 2021-22 Corporate Responsibility Report Our Capital We believe that our integrated approach to financial matters, corporate governance, and corporate responsibility drives increased accountability, improves decision making, and ultimately creates long-term value. In line with the International Integrated Reporting Council’s International framework and six capitals concept, we have outlined how we deploy capital to execute our strategy in a way that seeks to reflect our corporate values, help our customers succeed, and create value for our stakeholders. Each of our six forms of capital, summarized below, plays a critical role in our long-term value creation. For more detail, see the 2021 Intel Annual Report on Form 10-K . Financial Capital. Our financial capital allocation strategy focuses on building stockholder value. Our first allocation priority is to invest in R&D and capital spending to capitalize on the opportunity presented by the world’s demand for semiconductors. Our second allocation priority is to invest in and acquire companies that complement our strategic objectives. Our third allocation priority is to return cash to stockholders. We achieve this through our dividend and share repurchase programs. As we invest in our IDM 2.0 strategy, our allocation priorities will shift more heavily toward investing in the business and away from share repurchases. We expect our future stock repurchases to be significantly below our levels from the last few years. During 2021, we paid $5.6 billion in dividends similar to same amount paid in 2020. We have paid a cash dividend in each of the past 117 quarters. For additional 2021 financial information, see the 2021 Intel Annual Report on Form 10-K .   Our Capital We deploy various forms of capital to execute our strategy in a way that seeks to reflect our corporate values, help our customers succeed, and create value for our stakeholders. Capital Strategy Value Financial Leverage financial capital to invest in ourselves and drive our IDM 2.0 strategy, supplement and strengthen our capabilities through acquisitions, and provide returns to stockholders. We strategically invest financial capital to create long-term value and provide returns to our stockholders. Intellectual Invest significantly in R&D and IP to enable us to deliver on our accelerated process technology roadmap, introduce leading x86 and xPU products, and develop new businesses and capabilities. We develop IP to enable next-generation products, create synergies across our businesses, expand into new markets, and establish and support our brands. Manufacturing Aligned with our IDM 2.0 strategy, invest to efficiently build manufacturing capacity to address growing global demand for semiconductors. Our geographically balanced manufacturing scope and scale enable us to provide our customers and consumers with a broad range of leading-edge products. Human Continue to build a diverse, inclusive, and safe work environment to attract, develop, and retain top talent needed to build transformative products. Our talented employees enable the development of solutions and enhance the intellectual and man - ufacturing capital critical to helping our customers win the technology inflections of the future. Social and Relationship Build trusted relationships for both Intel and our stakeholders, including employees, suppliers, customers, local communities, and governments. We collaborate with stakeholders on programs to empower underserved communities through education and technology, and on initiatives to advance accountability and capabilities across our global supply chain, including accountability for the respect of human rights. Natural Continually strive to reduce our environmental footprint through efficient and responsible use of natural resources and materials used to create our products. With our proactive efforts, we seek to mitigate climate and water impacts, achieve efficiencies, and lower costs, and position us to respond to the expectations of our stakeholders. Intel Capital. For over three decades, Intel Capital, our global invest - ment organization, has invested more than $20 billion to back standout, early-stage technology startups across four key areas: silicon, frontier, devices, and cloud. Intel Capital-backed companies have produced more than 700 IPOs and exits, and created more than $100 billion in market value in the past 10 years. Learn more . 2020 2021 $72.9 $74.7 $24.4 $22.2 $5.10 $5.47 Revenue GAAP $B Non-GAAP $B GAAP $B Non-GAAP $B GAAP $B Non-GAAP $B 2020 2021 Operating Income 2020 2021 Diluted EPS $77.9 $79.0 $23.7 $19.5 $4.94 $4.86 The preparation of consolidated financial statements is in conformity with US Generally Accepted Accounting Principles (GAAP). We have included key metrics that we use to measure our business, some of which are non-GAAP measures. See “ Non-GAAP Financial Measures ” in the Appendix for a reconciliation of non-GAAP operating income and non-GAAP EPS to comparable GAAP measures. Introduction Responsible Inclusive Sustainable Enabling Appendix Our Business