[to be removed] instructions for usage

[TO BE REMOVED] Instructions for Usage

This deck is intended to help facilitate customer conversations around the Hewlett Packard Enterprise value proposition and perspectives. Over the next few months, you’ll be hearing more about how we’re positioning our company for success and supporting the Transformation Area strategy. Depending on the level of conversation you’ve already had with your customer/partner around the Transformation Areas, we have provided an appendix of materials to support your discussions. You may choose to use this set of materials as best fit for your customers and partners.

A refresh of this content will be made available post Discover in January.

If you have questions around the Executive Outreach effort, please email: [email protected]

mailto:[email protected]

Safe harborThis presentation contains forward-looking statements that involve risks, uncertainties and assumptions, relating to, among other things, the planned separation. If the risks or uncertainties ever materialize or the assumptions prove incorrect, the results of HPE may differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to any statements of the plans, strategies and objectives of HPE for future operations, including the separation transaction; the future performance of Hewlett-Packard Enterprise and HP Inc. if the separation is completed; the execution of restructuring plans and any resulting cost savings or revenue or profitability improvements; any projections of revenue, margins, expenses, HPE's effective tax rate, net earnings, net earnings per share, cash flows, benefit plan funding, share repurchases, currency exchange rates or other financial items; any projections of the amount, timing or impact of cost savings or restructuring charges; any statements concerning the expected development, performance, market share or competitive performance relating to products or services; any statements regarding current or future macroeconomic trends or events and the impact of those trends and events on HPE and its financial performance; any statements regarding pending investigations, claims or disputes; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include the need to address the many challenges facing HPE's businesses; the competitive pressures faced by HPE's businesses; risks associated with executing HPE's strategy; the impact of macroeconomic and geopolitical trends and events; the need to manage third-party suppliers and the distribution of HPE's products and services effectively; the protection of HPE's intellectual property assets, including intellectual property licensed from third parties; risks associated with HPE's international operations; the development and transition of new products and services and the enhancement of existing products and services to meet customer needs and respond to emerging technological trends; the execution and performance of contracts by HPE and its suppliers, customers and partners; the hiring and retention of key employees; integration and other risks associated with business combination and investment transactions; the execution, timing and results of the separation transaction or restructuring plans, including estimates and assumptions related to the cost and the anticipated benefits of implementing the separation transaction and restructuring plans; the resolution of pending investigations, claims and disputes; and other risks that are described in HPE's Annual Report on Form 10-K for the fiscal year ended October 31, 2013, and HPE's other filings with the Securities and Exchange Commission, including HPE's Quarterly Report on Form 10-Q for the fiscal quarter ended July 31, 2014. As in prior periods, the financial information set forth in this presentation, including tax-related items, reflects estimates based on information available at this time. While HPE believes these estimates to be reasonable, these amounts could differ materially from actual reported amounts in HPE's Annual Report on Form 10-K for the fiscal year ended October 31, 2014. HPE assumes no obligation and does not intend to update these forward-looking statements.

Use of non-GAAP financial informationTo supplement HPE's historical and forecasted financial results presented on a GAAP basis, HPE provides revenue on a constant currency basis, HPE's non-GAAP tax rate, non-GAAP diluted net earnings per share and free cash flow. Definitions of these non-GAAP financial measures and reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures are included elsewhere in this presentation and available in the supplemental information provided at www.hp.com/investor/2014OctAnnouncement/.

HPE's management uses revenue on a constant currency basis, HPE's non-GAAP tax rate and non-GAAP diluted net earnings per share to evaluate and forecast HPE's performance before gains, losses or other charges that are considered by HPE's management to be outside of HPE's core business segment operating results. Free cash flow is a liquidity measure that provides useful information to management about the amount of cash available for investment in HPE's businesses, funding strategic acquisitions, repurchasing stock and other purposes.

These non-GAAP financial measures may have limitations as analytical tools, and these measures should not be considered in isolation or as a substitute for analysis of HPE's results as reported under GAAP. Items such as amortization of purchased intangible assets, though not directly affecting HPE's cash position, represent the loss in value of intangible assets over time. The expense associated with this loss in value is not included in non-GAAP diluted net earnings per share and HPE's non-GAAP tax rate and therefore does not reflect the full economic effect of the loss in value of those intangible assets. In addition, items such as restructuring charges that are excluded from non-GAAP diluted net earnings per share and HPE's non-GAAP tax rate can have a material impact on cash flows and earnings per share. Free cash flow does not represent the total increase or decrease in the cash balance for the period. The non-GAAP financial information that we provide also may differ from the non-GAAP information provided by other companies.

We compensate for the limitations on our use of these non-GAAP financial measures by relying primarily on our GAAP financial statements and using non-GAAP financial measures only supplementally. We also provide robust and detailed reconciliations of each non-GAAP financial measure to the most directly comparable GAAP measure, and we encourage investors to review carefully those reconciliations.

We believe that providing these non-GAAP financial measures in addition to the related GAAP measures provides investors with greater transparency to the information used by HPE's management in its financial and operational decision-making and allows investors to see HPE's results “through the eyes” of management. We further believe that providing this information better enables investors to understand HPE's operating performance and to evaluate the efficacy of the methodology and information used by management to evaluate and measure such performance.

Accelerating possibilities

November 2015

Hewlett Packard EnterpriseA new company to help you go further, faster

5

A true partnership where collaborative people, empowering technology and transformative ideas accelerate change. Accelerating innovationAccelerating transformationAccelerating value


Key Markets

Hewlett Packard EnterpriseAn industry leader

61.Based on HPE Form 10 filing for the last four quarters from Q4 fiscal 2014 to Q3 fiscal 20152.Non-GAAP operating profit excludes restructuring charges of $951M, amortization of intangible assets of $838M, separation costs of $458M, defined benefits plan settlement

charges of $178M, impairment of data center assets of $136M, and acquisition-related charges of $72M from GAAP operating profit of $2.2B3.Revenue mix calculated based on segment revenue, which does not include intercompany eliminations

Revenue

$52.7BOperating Profit2

$4.9BOperating Margin2

9.2%

Servers NetworkingSoftwareStorage ServicesCloud Converged

Systems

Meg Whitman President & CEO

Tim Stonesifer CFO

HPE Revenue Mix1,3Leadership

Trailing Twelve Months (TTM) Financial Metrics1EnterpriseGroup50%

EnterpriseServices

37%

Financial Services

6%

Software7%

Hewlett Packard Enterprise What is different?

7

Accelerating outcomes with transformation-based solutions

Enterprise-focused portfolio and innovation

Simplified engagement model

Collaboration with a market-leading ecosystem of knowledge & capabilities

Agile and faster customer feedback loop via market pilots

8

Hewlett Packard Enterprise:Our point of view

In the Idea Economy, anyone can change the world

9

Digital everything… everywhere, every day,

everyone connected

Every businessis a digital business Disrupting every industry

10

Thriving in the Idea Economy means change

Create new outcomes from apps, data and

experiences

Proactively manage all forms of risk

Contextually aware and predictive

Hyper-connected workplace and

ecosystem

Time to value is priority #1

11Va

lue

Time

Continuous value delivery

Valu

e

Time

Today Tomorrow

Value CreatedContinuously

VALUEDelivered

OpportunityIdentified

VALUEDelivered

OpportunityIdentified

12

To keep pace, IT must transform into a value creator

Managing data

Responding and reacting

Hosting workloads & applications

Providing real-time insight & understanding

Delivering continuously

Rapidly creating and brokering new services

Providing hardened systems & networks

Predicting threats and managing risk

Contain Cost Create Outcomes

Traditional IT Cloud Enabled, Mobile Ready Hybrid Infrastructure

Accelerate your rate of positive change

Transformto a hybrid

infrastructure

Enableworkplace

productivity

Protectyour digitalenterprise

Empowerthe data-drivenorganization

One transformation - four partsAll required. All linked. All overlap.

Only one partner brings them together13

We’re here to help you go further, faster

14

Accelerating innovationAccelerating transformationAccelerating value


A true partnership where collaborative people, empowering technology and transformative ideas accelerate change.

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APPENDIX

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A history of innovation

*Source: Guinness World Record for fastest time to print 500 sheets by an office color desktop printer, April 2012. Record set on HP X576dw models.

1st audio oscillator

HP Model 200A audio oscillator

used to test sound

equipment.

1939

ThinkJet printing

Launch of thermal and miniaturized inkjet printing technology.

1984

1st scientific hand-held calculator

HP-35 was named in 2000

by Forbes ASAP one of the “all time products”

that changed the world.

1972

Minicomputer

The HP 2116A is the world’s first

go-anywhere, do-anything

computer.

1966

ProLiant servers

ProLiant servers became the first

commercially available X-86

servers.

1989 2013

HP OfficejetPro X series

HP launches the world's fastest

desktop printer.*

Moonshot

HP introduces Moonshot, a new

class of server based on 10

years of research from HP Labs.

2013

HP Multi Jet Fusion Sprout by HP

HP unveils the future of 3D printing and immersive

computing .

2014

17

Hewlett Packard Enterprise leadership team

Meg WhitmanChairman, President &Chief Executive Officer

Martin FinkEVP & Chief Technology Officer

Henry GomezEVP and Chief Marketing & Communications Officer

Mike NefkensEVP & General Manager, Enterprise Services

John SchultzEVP & General Counsel

Alan MayEVP, Human Resources

Tim StonesiferEVP & ChiefFinancial Officer

Robert MaoChairman, HPE China Region

Antonio NeriEVP & General Manager, Enterprise Group

John HinshawEVP & Chief Customer Officer, Customer Success

Robert YoungjohnsEVP & General Manager, HPE Software

Christopher HsuSVP, Chief Operating Officer

Jim MurrinSVP, HPE Corporate Strategy

3

Enableworkplace

productivity



Transform to ahybrid infrastructure

Provide the foundation for 100% of the apps and

workloads that power your enterprise.

19

A new breed of apps power the New Style of Business

2020

7.6 Billionworld population

100 Billionconnected devices

1 Trillionapplications

Make leaps, not steps, to hybrid

20

Let business processes be your guideMatch each workload to the right platformBe the service provider of outcomesAutomate and orchestrate to scale and remove cost

21

Transform to hybrid infrastructure with Hewlett Packard Enterprise

Acceleratinginfrastructure

– Servers

– Storage featuring 3PAR

– Networking

– Converged Systems

– OneView

Deployinghybrid

– Helion CloudSystem

– Helion Managed and Virtual

– Cloud Service Automation

– Propel

– Cloud Broker solutions

– Hybrid Roadmap Development services

– OneView + Ops Analytics

– Automation Tools and Services

– Application Lifecycle Management Tools and Services

Accelerating applications

and operations– Helion OpenStack Development

Platform

– Agile Manager

– Application Transformation Services

– Applications Development & Management Services

Unleashingdevelopers

Transform by delivering outcomes

22

HPE Helion CloudSystem

75%IT productivity boost

40%annualized cost savings

HPE Infrastructure Transformation Services

40%reduced operating costs

HPE HelionDeveloper Platform

30xincrease in application release

10xincreased speed to market

HPE Data Center Automation

5xROI through automation

Transform by accelerating time to value

231Enterprise Data Warehouse (Integrated End Customer Reporting Domain) - End Customer Revenue from 2013 Q3 to 2015; 2 Q2; Enterprise Data Warehouse (Integrated End Customer Reporting Domain) - End Customer Revenue from 2013 Q3 to 2015 Q2; 3 Enterprise Data Warehouse (Integrated End Customer Reporting Domain) – End Customer Revenue from Q3 2012 to Q4 2014.

HPE powers 9 out of the top 10 Fortune Global 500 companies on their transformation journey to hybrid infrastructure2

96% of Forbes Most Valuable Brands trust HPE for their transformation towards hybrid infrastructure2

Hewlett Packard Enterprise, the #1 company in cloud infrastructure, is accelerating business outcomes for companies around the world.1

5 out of the top 10 World’s Most Valuable Brands have bought HPE Cloud Solutions3

Transform: BlueShore Financial

24

growth in managed assets

new market category Most admired corporate culture in Western Canada

5X Pioneered Top 10

3


infrastructure

Enableworkplace

productivity


Protect yourdigital enterpriseProactively protect the interactions between users, applications and data across any location or device.

26

Our digital world is radically changing the risk landscape

Sophisticated cyber attacks

Mobile and cloud dissolvethe “perimeter”

Cost and complexity of data protection

Massive data growth from multiple sources

External disasters and internal failures

Hyper-connected sensors and devices create new exposures

Regulatory pressures

Regulatory, privacy and compliance concerns

It’s not a matter of if, it is a matter of when a breach will occur

27

Manage risk, because you can’t eliminate it

Think like a bad guy

Breaches are not events, they are processes

28

Protect your digital enterprise with Hewlett Packard Enterprise

– ArcSight Security Intelligence & Analytics

– Advanced Compromise Assessment

– Security Monitoring, Incident Response & Breach Recovery

– Cloud Access Security

– Aruba AirWave

– Data Protector Adaptive Backup and Recovery

– StoreServ, StoreOnce, StoreVirtual & StoreEasy

– Information Management and Governance

– Continuity Services

– Executive Breach Preparedness

– Threat Central

– Threat Intelligence

– Risk Management Services

– Security Strategy and Transformation

– 360 Cyber Assessments

– Identity and Access Management Services

– Fortify Software Security, Penetration Testing & Vulnerability Management

– Voltage Encryption, Data Loss Prevention

– Aruba ClearPass

Secure interactions and manage breaches

Safeguard continuity and compliance

Protect your users, apps, data

Know what’s coming

29

HPE SecurityResearch and Services

#1in public vulnerability discovery4th year in a row

100Bcorrelated security events per month

HPE StoreOnce

17xfaster protection

5xfaster recovery

HPE ArcSight

85%reduction in IT outages

900%increase in resolved anomalies

HPE Atalla+ HPE Voltage

20%better ROI with encryption

Protecting your enterprise by delivering outcomes

30

Protect your enterprise by accelerating security

1Enterprise Data Warehouse (Integrated End Customer Reporting Domain) - End Customer Revenue from 2013 Q3 to 2015 Q2.

70% of the top 100 companies in the Fortune Global 500 are protected by HPE’s complete risk management solutions1

Hewlett Packard Enterprise security products and solutions help protect 8 of the Top 10 Fortune Global 500 Companies1

8 out of the top 10 Forbes Most Valuable Brands are redefining security with HPE1

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Protect: Microsoft Corporation

End-to-end, integrated security framework

And move security upstream in every process

Security beyond the transaction

OneReal timeresponse

Customer,Partner, Employee

32

Protect: International Criminal Court

States acknowledging court authority

Trials reliant on rapid access to information

Judicial records, ensuring they are stored where their security, retention, and accessibility is confirmed

123 High profile Safeguard


infrastructure

Enableworkplace

productivity


3

Empower the data-driven organizationHarness 100% of the data that matters, regardless of source to drive superior business outcomes

Data fuels the New Style of Business

34

VO

LUM

E O

F D

ATA

TIME

Technology and skills gap

Data centersVoice/VideoDocumentsMobile appsWearable devicesSocial networkingInternet of thingsSensors

Big Data shift

Data

Human data

Machine data

Business data

Enterprises realize only 10-15% of the expected value on their big data investments

35

Modernize Business Intelligence

Integrate analytics with business applications

Model, predict, and personalize customer experience

36

Empower data-driven organization with Hewlett Packard Enterprise

Discover the value of your data

Build yourdata-centric foundation

Achieve superior business outcomes with big data

– Big Data Transformation Workshops– Big Data Discovery Services – Analytic Consulting Services

– Haven platform– Big Data Infrastructure and reference

architectures– Business Intelligence Modernization

Service

– Analytic Apps powered by Haven– Business Process Services– Customer Analytics Services

Empowering innovation and improved outcomes

37

Query customer usage data

20xfaster

ROI4 months

Accelerates and sharpens enforcement

2,739 people caught for traffic and criminal offenses

Dubai Police

Empowering organizations to accelerate analysis

381Enterprise Data Warehouse (Integrated End Customer Reporting Domain) - End Customer Revenue from 2013 Q3 to 2015 Q2; 2 Enterprise Data Warehouse (Integrated End Customer Reporting Domain) - End Customer Revenue from 2013 Q3 to 2015 Q2; 3 Enterprise Data Warehouse (Integrated End Customer Reporting Domain) – End Customer Revenue from Q3 2012 to Q4 2014

67% of the top 100 companies in the Fortune Global 500 generate real-time, actionable insights with HPE open source solutions2

10 of The Forbes 10 Most Valuable Brands In The World gain insights and create value with Hewlett Packard Enterprise big data solutions.1

64% of the World’s Most Valuable Brands use HPE Big Data Solutions3

HPE empowers every brand in the top 10 Forbes Most Valuable Brands as data-driven organizations2

39

Empower: Auckland Transport

Video feeds analyzed in real time to to improve safety for pedestrians, cyclists and motorists

Core Big Data business capabilities enabled

Response times, public security, problem identification

200 8+ Improved

Empower: One Kings Lane

40

Customer interaction Faster growth in online sales than brick and mortar counterparts

What inspires customers and how they shop

1st Priority 5XAnalyze



infrastructure


3

Enable workplace productivity

Deliver experiences that empower employees and

customers to create better outcomes.

42

The digital workplace is everywhereUsers expect personal, contextual and secure experiences

Rising automation

Constant collaboration

Virtual offices

App-assisted engagement

Random acts of mobility will not deliver a significant shift in productivity

43

Be user centric

Focus on reliability and performance

Improve the user experience constantly, not episodically

Enable workplace productivity with Hewlett Packard Enterprise

44

Any place, any device, any time

Seamless communication and collaboration

Intelligent workplace Digital user experience

– Aruba + HPE Networking

– Managed Mobility Services

– HPE Software – Service Anywhere

– Services for Office 365 and Skype for Business

– Unified Communications

– SDN Network Optimizer

– Aruba Networking for all wireless access

– Workplace Support Services

– HPE Software - ITSM

– Aruba ClearPass

– AppPulse Mobile

– HPE Mobile Center

– Mobile Application Services

– HPE Haven for analytics

– HPE Application Development software

– Context aware Applications

Enabling productivity by delivering outcomes

45

Aruba wireless networking

Up to

42%greater capacity for802.11ac Wave 2

HPE Unified Communications & Collaboration Services

5Mminutes returned to focus on customers

Mobile First Workplace with Aruba

$11Ksavings per employee annually

HPE Workplace Support Services

Up to

30%reduction in support cost with self-service and automation

Enable productivity by accelerating collaboration & accessibility

461Enterprise Data Warehouse (Integrated End Customer Reporting Domain) - End Customer Revenue from 2013 Q3 to 2015 Q2.

61% of the top 100 companies in the Fortune Global 500 are becoming more productive workplaces with HPE’s end-to-end mobility portfolio1

7 of the Top 10 Fortune Global 500 companies use Hewlett Packard Enterprise mobility solutions to empower employees and increase productivity1

HPE enables 63% of Forbes Most Valuable Brands to be the world’s most productive workplaces1

47

Enable: Orlando International Airport

Annual travelers Devices connecting simultaneously

Indoor navigation for finding gates, amenities and other points of interest

38 Million 3,000 Location-aware

Making HPE a Showcase for HPE Technologies: HPE on HPE

Empower the data-driven organization

Enable workplace productivity

– Moonshot: Resolve data center constraints

– 3PAR StoreServ: Reduce storage cost, complexity

– Networking: Better, faster, cheaper

– CS700 + OneView: Help R&D deliver better products faster

– DevOps: Continuous delivery pipeline

– Agile Manager: Foster agile culture

– Private Cloud: Improve efficiency, productivity

– vPV: Lower data center footprint

– Cloud Solutions: Protect the brand

– Ops Analytics: Pinpoint root cause faster

– Hybrid Cloud: Accelerate service delivery

– Cyber Defense Center: Safeguard HPE resources

– ArcSight: Next-gen security response

– Fortify & WebInspect: Secure websites, prevent online attacks

– Records Manager: Automate record storage

– Data Protector: Optimize backup and recovery environment

– Vertica: Improve Grey Market prevention; Predict sales win/loss

– Autonomy: Power Knowledge Mgmt

– HAVEn: Customer Experience; Resume search solution

– AppSystems: Centralize planning, simulation

– SharePoint using HPE Products: Connect employees located in every region of the world

– Autonomy: Optimize HR processes, capabilities

Protect your digital enterprise

Transform to a hybrid infrastructure

– SaaS Service Anywhere: Resolve issues faster

– Networking: Reinvent BYOD; Foster global collaboration

8

IT success with HPE solutions

80%less space required in our data centers by installing Moonshot

50%reduction when deploying new applications using HPEN switches and routers

21 days to 4 hrsaverage improvement in time to provision internal requests through HPE’s private cloud

71%increase in year over year Grey Market recovery

90%improvement to average scan time using

45 days to minutesreduction in database provisioning time through DBaaS

6,000devices removed from global data center footprint

30% reduction to physical record storage footprint

1.0 Bsecurity events monitored per day with

95%of servers are now built in less than 2 hours through HPE’s private cloud

Performed queries

1,000times faster using Vertica 56%

increase in initial storage array allocation by 3PAR “Get thin & stay thin” capabilities

86manager and employee processes standardized in 106 countries

30 minutesto provision new systems

9.9 PBstorage replicated

6

50

Innovation horizons

Applied Research 2 – 5 years

Advanced Development Up to 2 years

Near future innovation

EVOLUTIONARY

Exploratory Research 5 – 20+ years

Business Units Hewlett Packard Labs

REVOLUTIONARY

YEARS 1 2 3 5 6 10 204

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The Machine

Universal Memory combines memory and storage at petascale

Workload-specific processing engines

Breakthroughs in photonics transmit terabits of data via light

THANK YOU

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