I am attempting to through drill some melamine closet panels on a panel processing CNC. Wondering what suggestions people have to prevent chip out on the bottom side.

One person I spoke with suggested I slow my exit speed on the drill to prevent chip out. Is this something that can be done on MV? I would imagine so but just not sure how. Any other suggestions are welcome.

We are currently using a brad point- but not sure that is the best tool for through drilling.