Xerox Holdings Investor Presentation — August 2017

Document content

http://www.xerox.com/investor This presentation contains “forward -looking statements” as defined in the Private Securities Litigation Reform Act of 1995. The words

“anticipate”, “believe”, “estimate”, “expect”, “intend”, “will”, “should” and similar expressions, as they relate to us, are intended to identify

forward -looking statements. These statements reflect management’s current beliefs, assumptions and expectations and are subject to a

number of factors that may cause actual results to differ materially. Such factors include but are not limited to: our abilit y to address our

business challenges in order to reverse revenue declines, reduce costs and increase productivity so that we can invest in and grow our

business; changes in economic conditions, political conditions, trade protection measures, licensing requirements and tax law s in the United

States and in the foreign countries in which we do business; changes in foreign currency exchange rates; our ability to succe ssfully develop

new products, technologies and service offerings and to protect our intellectual property rights; the risk that multi -year contr acts with

governmental entities could be terminated prior to the end of the contract term and that civil or criminal penalties and admi nistrative sanctions

could be imposed on us if we fail to comply with the terms of such contracts and applicable law; the risk that partners, subc ontractors and

software vendors will not perform in a timely, quality manner; actions of competitors and our ability to promptly and effecti vely react to

changing technologies and customer expectations; our ability to obtain adequate pricing for our products and services and to maintain and

improve cost efficiency of operations, including savings from restructuring actions; the risk that individually identifiable information of

customers, clients and employees could be inadvertently disclosed or disclosed as a result of a breach of our security system s; reliance on

third parties, including subcontractors, for manufacturing of products and provision of services; our ability to manage chang es in the printing

environment and markets and expand equipment placements; interest rates, cost of borrowing and access to credit markets; funding

requirements associated with our employee pension and retiree health benefit plans; the risk that our operations and products may not

comply with applicable worldwide regulatory requirements, particularly environmental regulations and directives and anti -corrupt ion laws; the

outcome of litigation and regulatory proceedings to which we may be a party; the risk that we do not realize all of the expec ted strategic and