Xerox Holdings Investor Presentation — April 2019

Document content

EARNINGS PRESENTATION

Q1 Results I April 25, 2019

Forward-Looking Statements

2This presentation, and other written ororal statements made from time totime bymanagement contain “forward -looking statements” asdefined inthePrivate

Securities Litigation Reform Actof1995. Thewords “anticipate”, “believe”, “estimate”, “expect”, “intend”, “will”, “should”, “targeting”, “projecting”, “driving” andsimilar

expressions, asthey relate tous,ourperformance and/or ourtechnology, areintended toidentify forward- looking statements .These statements reflect

management’s current beliefs, assumptions andexpectations andaresubject toanumber offactors thatmay cause actual results todiffer materially .Such factors

include butarenotlimited to:ourability toaddress ourbusiness challenges inorder toreverse revenue declines, reduce costs andincrease productivity sothatwe

caninvest inandgrow ourbusiness ;ourability toattract andretain keypersonnel ;changes ineconomic andpolitical conditions, trade protection measures, licensing

requirements andtaxlaws intheUnited States andintheforeign countries inwhich wedobusiness ;theimposition ofnew orincremental trade protection measures

such astariffs andimport orexport restrictions; changes inforeign currency exchange rates ;ourability tosuccessfully develop new products, technologies and

service offerings andtoprotect ourintellectual property rights ;theriskthatmulti -year contracts withgovernmental entities could beterminated prior totheendofthe

contract term and that civil orcriminal penalties and administrative sanctions could beimposed onusifwefailtocomply with theterms ofsuch contracts and

applicable law;theriskthatpartners, subcontractors and software vendors willnotperform inatimely, quality manner ;actions ofcompetitors and ourability to

promptly and effectively react tochanging technologies and customer expectations ;ourability toobtain adequate pricing forourproducts and services and to

maintain andimprove cost efficiency ofoperations, including savings from restructuring actions ;theriskthatconfidential and/or individually identifiable information of

ours, ourcustomers, clients andemployees could beinadvertently disclosed ordisclosed asaresult ofabreach ofoursecurity systems duetocyber attacks orother

intentional acts;reliance onthird parties, including subcontractors, formanufacturing ofproducts andprovision ofservices ;theexitoftheUnited Kingdom from the

European Union; ourability tomanage changes intheprinting environment andexpand equipment placements ;interest rates, cost ofborrowing andaccess tocredit

markets; funding requirements associated withouremployee pension andretiree health benefit plans ;theriskthatouroperations andproducts may notcomply with