Xerox Holdings Investor Presentation — July 2020

Document content

Q2 2020 RESULTS IJULY 28, 2020—2Forward -Looking Statements

This presentation, and other written or oral statements made from time to time by management contain “forward -looking statements ” as defined in the Private

Securities Litigation Reform Act of 1995. The words “anticipate”, “believe”, “estimate”, “expect”, “intend”, “will”, “should” , "targeting", "projecting", "driving" and

similar expressions, as they relate to us, our performance and/or our technology, are intended to identify forward -looking state ments. These statements reflect

management’s current beliefs, assumptions and expectations and are subject to a number of factors that may cause actual resul ts to differ materially. Such

factors include but are not limited to: the effects of the COVID -19 pandemic on our and our customers' businesses and the durati on and extent to which this will

impact our future results of operations and overall financial performance; our ability 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; our ability to attract and retain key personnel; changes in economic and

political conditions, trade protection measures, licensing requirements and tax laws in the United States and in the foreign countries in which we do business; the

imposition of new or incremental trade protection measures such as tariffs and import or export restrictions; changes in fore igncurrency exchange rates; our

ability to successfully develop new products, technologies and service offerings and to protect our intellectual property rig hts; the risk that multi -year contracts

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

imposed on us if we fail to comply with the terms of such contracts and applicable law; the risk that partners, subcontractor s and software vendors will not

perform in a timely, quality manner; actions of competitors and our ability to promptly and effectively react to changing tec hnologies and customer expectations;

our ability to obtain adequate pricing for our products and services and to maintain and improve cost efficiency of operation s, including savings from

restructuring actions; the risk that confidential and/or individually identifiable information of ours, our customers, client s and employees could be inadvertently

disclosed or disclosed as a result of a breach of our security systems due to cyber attacks or other intentional acts; relian ce on third parties, including

subcontractors, for manufacturing of products and provision of services; the exit of the United Kingdom from the European Uni on;our ability to manage changes