2

Our Industry: full range of internet devices, infrastructure, services and applications

New technologies, business models constantly disrupt the industry

Companies like Lenovo must be at forefront of changes and understand the trends

Number 1 in PC+Tablet 6 Quarters Ahead of Plan Smartphones: Record growth, Rapid expansion outside China One Word to Define Our Industry: CHANGE

3

Smartphones: Record growth, Rapid expansion outside China

PC market consolidation is accelerating

Top 3 players account for 53% of market share, up more than 9 points in last two years

Second tier players lack scale to compete effectively

As market leader, we believe this as an opportunity to continue winning with innovation

PC Consolidation

16.1 15.3 16.7 17.7 18.5 17.6 19.4 19.7 20.1

44.3 42.6

45.3 47.1 47.3 48.2

51.6 51.4 53.5

0

10

20

30

40

50

60

Q4 CY12 Q1 CY13 Q2 CY13 Q3 CY13 Q4 CY13 Q1 CY14 Q2 CY14 Q3 CY14 Q4 CY14

PC Market Share (%)

Lenovo Top 3

+9.2 pts

Source: IDC

4

Smartphones: Record growth, Rapid expansion outside China

Many thought tablets would cannibalize PC sales

Instead, created more demand for multi-mode PCs

Tablet market now leveling off

Tablets becoming niche product for media consumption

Tablet Growth Flattening

19

76

144

220 230 235

245 254 263 269

0

50

100

150

200

250

300

CY 10 CY 11 CY 12 CY 13 CY 14 CY 15 CY 16 CY 17 CY 18 CY 19

WW Tablet Volume (M units)

Source: IDC

5

Smartphones: Record growth, Rapid expansion outside China

Smartphones: Growth opportunity, especially in emerging markets

Connectivity and user experience now the key

Smartphones likely to become the hub in Internet of Things world

Smartphone Growth

1300

1455

1613

1741

1874

1959

1000

1200

1400

1600

1800

2000

2200

CY 14 CY 15 CY 16 CY 17 CY 18 CY 19

WW Smartphone Volume (M units)

Source: IDC

6

Smartphones: Record growth, Rapid expansion outside China

We have seen some exciting products from multiple players.

The key question: Will wearables become like smartphones or tablets?

Wearables Future: The next Smartphone? Or Next Tablet?

7

Smartphones: Record growth, Rapid expansion outside China

Smartphones, cloud computing, social media and big data driving explosive growth

A growing market, especially in Emerging markets

Lenovo has proved our servers are strong enough to handle massive demand

Virtualization trend in computing, storage and network will drive up server demand

Servers Remain a Growing Market

44 46

47 49

50

40

45

50

55

CY 14 CY 15 CY 16 CY 17 CY 18

WW x86 Server Market ($B)

Source: IDC

8

71% of people more likely to make purchase based on social media recommendation

Now companies can better collect feedback and engage customers

Treat all customers as “Relationship” customers

Interact at touch points before, during and after each device is sold

It changes my job too! Follow me @yuanqing_lenovo on Twitter

Number 1 in PC+Tablet 6 Quarters Ahead of Plan Smartphones: Record growth, Rapid expansion outside China Rise of the Social Mobile Internet

9

By 2017, more than 50% of product investment will target user experience

Companies that understand and solve pain points will win

Yoga

SHAREit

Potential for customized products

Number 1 in PC+Tablet 6 Quarters Ahead of Plan Smartphones: Record growth, Rapid expansion outside China Experience is KING

SOURCE: IDC

10

Recap

Future of key product categories

Social Media Internet

Experience is KING

Only companies that can proactively evolve and adapt will thrive and lead

Lenovo is working to bring the best innovation and experience to our customers

Number 1 in PC+Tablet 6 Quarters Ahead of Plan Smartphones: Record growth, Rapid expansion outside China Exciting Journey Ahead