Content thumbnail HP Sustainable Impact Report
AI Content Chat (Beta) logo

Contents Sustainable Impact Footprint Integrity and human rights Supply chain responsibility Operations Products and solutions Appendix Forward-looking statements This document contains forward-looking statements based on current here; the need to manage (and reliance on) third-party suppliers, including catastrophic events; the impact of changes to federal, state, local and expectations and assumptions that involve risks and uncertainties. If the with respect to component shortages, and the need to manage HP’s global, foreign laws and regulations, including environmental regulations and risks or uncertainties ever materialize or the assumptions prove incorrect, multi-tier distribution network, limit potential misuse of pricing programs tax laws; potential impacts, liabilities and costs from pending or potential the results of HP Inc. and its consolidated subsidiaries (“HP”) may differ by HP’s channel partners, adapt to new or changing marketplaces and investigations, claims and disputes; and other risks that are described materially from those expressed or implied by such forward-looking effectively deliver HP’s services; HP’s ability to execute on its strategic plan, herein and in HP’s Annual Report on Form 10-K for the fiscal year ended statements and assumptions. All statements other than statements of including the previously announced initiatives, business model changes October 31, 2021 and that are otherwise described or updated from time to historical fact are statements that could be deemed forward-looking and transformation; execution of planned structural cost reductions and time in HP’s other filings with the Securities and Exchange Commission. statements, including, but not limited to, any statements regarding the productivity initiatives; HP’s ability to complete any contemplated share As in prior periods, the financial information set forth in this document, potential impact of the COVID-19 pandemic and the actions by governments, repurchases, other capital return programs or other strategic transactions; including any tax-related items, reflects estimates based on information businesses and individuals in response to the situation; projections of the competitive pressures faced by HP’s businesses; risks associated with available at the time of preparation of this document. While HP believes net revenue, margins, expenses, effective tax rates, net earnings, net executing HP’s strategy and business model changes and transformation; these estimates to be reasonable, these amounts could differ materially earnings per share, cash flows, benefit plan funding, deferred taxes, successfully innovating, developing and executing HP’s go-to-market from reported amounts in HP’s Quarterly Reports on Form 10-Q for the share repurchases, foreign currency exchange rates or other financial strategy, including online, omnichannel and contractual sales, in an evolving fiscal quarter ended July 31, 2022, Annual Report on Form 10-K for the fiscal items; any projections of the amount, timing or impact of cost savings distribution, reseller and customer landscape; the development and year ended October 31, 2022, and HP’s other filings with the Securities and or restructuring and other charges, planned structural cost reductions transition of new products and services and the enhancement of existing Exchange Commission. The forward-looking statements in this document and productivity initiatives; any statements of the plans, strategies and products and services to meet evolving customer needs and respond to are made as of the date of this document and HP assumes no obligation and objectives of management for future operations, including, but not limited emerging technological trends; successfully competing and maintaining does not intend to update these forward-looking statements. to, our business model and transformation, our sustainability goals, the value proposition of HP’s products, including supplies; challenges our go-to-market strategy, the execution of restructuring plans and any to HP’s ability to accurately forecast inventories, demand and pricing, Throughout this document, we use the definition of “materiality” from the resulting cost savings, net revenue or profitability improvements or other which may be due to HP’s multi-tiered channel, sales of HP’s products to GRI (Global Reporting Initiative) Standards, which is different from the term financial impacts; any statements concerning the expected development, unauthorized resellers or unauthorized resale of HP’s products or our as it has been defined by or construed in accordance with the securities demand, performance, market share or competitive performance relating uneven sales cycle; integration and other risks associated with business laws or any other laws of the U.S. or any other jurisdiction, or as used in the to products or services; any statements concerning potential supply combination and investment transactions; the results of the restructuring context of our financial statements and financial reporting, or our reports constraints, component shortages, manufacturing disruptions or logistics plans, including estimates and assumptions related to the cost (including filed with the U.S. Securities and Exchange Commission. Topics identified challenges; any statements regarding current or future macroeconomic any possible disruption of HP’s business) and the anticipated benefits of as ESG material for the purpose of this document should not be construed trends or events and the impact of those trends and events on HP and its the restructuring plans; the protection of HP’s intellectual property assets, as being material for SEC or other financial reporting purposes. In addition, financial performance; any statements regarding pending investigations, including intellectual property licensed from third parties; the hiring and historical, current, and forward-looking sustainability-related statements claims, disputes or other litigation matters; any statements of expectation retention of key employees; the impact of macroeconomic and geopolitical may be based on standards for measuring progress that are still developing, or belief, including with respect to the timing and expected benefits of trends and events, including the ongoing situation in Ukraine and its regional internal controls and processes that continue to evolve, and assumptions acquisitions and other business combination and investment transactions; and global ramifications and the effects of inflation; risks associated with that are subject to change in the future. and any statements of assumptions underlying any of the foregoing. HP’s international operations; the execution and performance of contracts Forward-looking statements can also generally be identified by words such by HP and its suppliers, customers, clients and partners, including logistical HP’s Investor Relations website at investor.hp.com contains a significant as “future,” “anticipates,” “believes,” “estimates,” “expects,” “intends,” “plans,” challenges with respect to such execution and performance; changes in amount of information about HP, including financial and other information “predicts,” “projects,” “will,” “would,” “could,” “can,” “may,” and similar terms. estimates and assumptions HP makes in connection with the preparation for investors. HP encourages investors to visit its website from time to time, Risks, uncertainties and assumptions include factors relating to the effects of its financial statements; disruptions in operations from system security as information is updated, and new information is posted. The content of of the COVID-19 pandemic and the actions by governments, businesses risks, data protection breaches, cyberattacks, extreme weather conditions HP’s website is not incorporated by reference into this document or in any and individuals in response to the situation, the effects of which may give or other effects of climate change, medical epidemics or pandemics such other report or document HP files with the SEC, and any references to HP’s rise to or amplify the risks associated with many of these factors listed as the COVID-19 pandemic, and other natural or manmade disasters or website are intended to be inactive textual references only. 93 2021 HP Sustainable Impact Report www.hp.com/sustainableimpact

HP Sustainable Impact Report - Page 93 HP Sustainable Impact Report Page 92 Page 94