HP Sustainable Impact Report Executive Summary 2021 - Page 23

Forward Looking Statement

This document contains forward-looking statements based on current expectations and assumptions that involve risks and uncertainties . If the risks or uncertainties ever materialize or the assumptions prove incorrect , the results of HP Inc . and its consolidated subsidiaries (“ HP ”) may differ materially from those expressed or implied by such forwardlooking 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 regarding the potential impact of the COVID-19 pandemic and the actions by governments , businesses and individuals in response to the situation ; projections of net revenue , margins , expenses , effective tax rates , net earnings , net earnings per share , cash flows , benefit plan funding , deferred taxes , share repurchases , foreign currency exchange rates or other financial items ; any projections of the amount , timing or impact of cost savings or restructuring and other charges , planned structural cost reductions and productivity initiatives ; any statements of the plans , strategies and objectives of management for future operations , including , but not limited to , our business model and transformation , our sustainability goals , our go-to-market strategy , the execution of restructuring plans and any resulting cost savings , net revenue or profitability improvements or other financial impacts ; any statements concerning the expected development , demand , performance , market share or competitive performance relating to products or services ; any statements concerning potential supply constraints , component shortages , manufacturing disruptions or logistics challenges ; any statements regarding current or future macroeconomic trends or events and the impact of those trends and events on HP and its financial performance ; any statements regarding pending investigations , claims , disputes or other litigation matters ; any statements of expectation or belief , including with respect to the timing and expected benefits of acquisitions and other business combination
and investment transactions ; and any statements of assumptions underlying any of the foregoing . Forwardlooking statements can also generally be identified by words such as “ future ,” “ anticipates ,” “ believes ,” “ estimates ,” “ expects ,” “ intends ,” “ plans ,” “ predicts ,” “ projects ,” “ will ,” “ would ,” “ could ,” “ can ,” “ may ,” and similar terms . Risks , uncertainties and assumptions include factors relating to the effects of the COVID-19 pandemic and the actions by governments , businesses and individuals in response to the situation , the effects of which may give rise to or amplify the risks associated with many of these factors listed here ; the need to manage ( and reliance on ) third-party suppliers , including with respect to component shortages , and the need to manage HP ’ s global , multi-tier distribution network , limit potential misuse of pricing programs by HP ’ s channel partners , adapt to new or changing marketplaces and effectively deliver HP ’ s services ; HP ’ s ability to execute on its strategic plan , including the previously announced initiatives , business model changes and transformation ; execution of planned structural cost reductions and productivity initiatives ; HP ’ s ability to complete any contemplated share repurchases , other capital return programs or other strategic transactions ; the competitive pressures faced by HP ’ s businesses ; risks associated with executing HP ’ s strategy and business model changes and transformation ; successfully innovating , developing and executing HP ’ s go-to-market strategy , including online , omnichannel and contractual sales , in an evolving distribution , reseller and customer landscape ; the development and transition of new products and services and the enhancement of existing products and services to meet evolving customer needs and respond to emerging technological trends ; successfully competing and maintaining the value proposition of HP ’ s products , including supplies ; challenges to HP ’ s ability to accurately forecast inventories , demand and pricing , which may be due to HP ’ s multi-tiered channel , sales of HP ’ s products to unauthorized resellers or unauthorized resale of HP ’ s products or our
uneven sales cycle ; integration and other risks associated with business combination and investment transactions ; the results of the restructuring plans , including estimates and assumptions related to the cost ( including any possible disruption of HP ’ s business ) and the anticipated benefits of the restructuring plans ; the protection of HP ’ s intellectual property assets , including intellectual property licensed from third parties ; the hiring and retention of key employees ; the impact of macroeconomic and geopolitical trends and events , including the ongoing situation in Ukraine and its regional and global ramifications and the effects of inflation ; risks associated with HP ’ s international operations ; the execution and performance of contracts by HP and its suppliers , customers , clients and partners , including logistical challenges with respect to such execution and performance ; changes in estimates and assumptions HP makes in connection with the preparation of its financial statements ; disruptions in operations from system security risks , data protection breaches , cyberattacks , extreme weather conditions or other effects of climate change , medical epidemics or pandemics such as the COVID-19 pandemic , and other natural or manmade disasters or catastrophic events ; the impact of changes to federal , state , local and foreign laws and regulations , including environmental regulations and tax laws ; potential impacts , liabilities and costs from pending or potential investigations , claims and disputes ; and other risks that are described herein and in HP ’ s Annual Report on Form 10-K for the fiscal year ended October 31 , 2021 and that are otherwise described or updated from time to time in HP ’ s other filings with the Securities and Exchange Commission .
As in prior periods , the financial information set forth in this document , including any tax-related items , reflects estimates based on information available at the time of preparation of this document . While HP believes these estimates to be reasonable , these amounts could differ materially from reported amounts in HP ’ s Quarterly
Reports on Form 10-Q for the fiscal quarter ended July 31 , 2022 , Annual Report on Form 10-K for the fiscal year ended October 31 , 2022 , and HP ’ s other filings with the Securities and Exchange Commission . The forward-looking statements in this document are made as of the date of this document and HP assumes no obligation and does not intend to update these forward- looking statements .
Throughout this document , we use the definition of “ materiality ” from the GRI ( Global Reporting Initiative ) Standards , which is different from the term as it has been defined by or construed in accordance with the securities laws or any other laws of the U . S . or any other jurisdiction , or as used in the context of our financial statements and financial reporting , or our reports filed with the U . S . Securities and Exchange Commission . Topics identified as ESG material for the purpose of this document should not be construed as being material for SEC or other financial reporting purposes . In addition , historical , current , and forward-looking sustainabilityrelated statements may be based on standards for measuring progress that are still developing , internal controls and processes that continue to evolve , and assumptions that are subject to change in the future . HP ’ s Investor Relations website at investor . hp . com contains a significant amount of information about HP , including financial and other information for investors . HP encourages investors to visit its website from time to time , as information is updated , and new information is posted . The content of HP ’ s website is not incorporated by reference into this document or in any other report or document HP files with the SEC , and any references to HP ’ s website are intended to be inactive textual references only .
23 2021 HP Sustainable Impact Report Executive Summary