Carmax Inc · NYSE:KMX

Carmax — Shareholder Meeting (June 2015)

23 slides from Carmax's shareholder meeting presentation, Jun 22, 2015

1. Slide 1: CarMax, Inc. Annual Shareholders' Meeting

   CarMax, Inc. Annual Shareholders’ Meeting June 22, 2015

2. Slide 2: Board of Directors

   Board of Directors Ron Blaylock Tom Folliard Founder and Managing President and CEO Partner CarMax GenNx360 Retired CEO Blaylock & Company 2

3. Slide 3: Board of Directors

   Board of Directors Rakesh GangwalJeff Garten Former CEO Juan Trippe Professor Worldspan Technologies Yale School of Management Former CEO Chairman U.S. Airways Group Garten Rothkopf 3

4. Slide 4: Board of Directors

   Board of Directors Shira Bob Grafton Goodman Retired Managing Partner – President, North American Chief Executive Commercial Andersen Worldwide Staples 4

5. Slide 5: Board of Directors

   Board of Directors Ed Grubb Marcy Retired EVP and CFO Shinder Transamerica Chief Marketing Officer Nielsen N.V. 5

6. Slide 6: Board of Directors

   Board of Directors Mitch Tom Stemberg Steenrod Founder and Chairman Emeritus SVP, Chief Financial Officer Staples Pilot Travel Centers Managing General Partner, Highland Consumer Fund Highland Capital Partners 6

7. Slide 7: Board of Directors

   Board of Directors Bill Tiefel Chairman Emeritus The Ritz-Carlton Hotel Company Retired Vice Chairman Marriott International 7

8. Slide 8: Tom Folliard, President and Chief Executive Officer

   CarMax, Inc. Annual Shareholders’ Meeting Tom Folliard President and Chief Executive Officer

9. Slide 9: Forward-Looking Statements

   Forward-Looking Statements This presentation contains forward-looking statements, which are subject to risks and uncertainties. Additional discussion of factors that could cause actual results to differ materially from management’s projections and estimates is contained in the CarMax, Inc. SEC filin

10. Slide 10: Current CarMax Locations

    Current CarMax Locations Today -- 150 used car stores in 75 markets Existing markets, FY15 New markets opening in FY16 (Size of markers is based on number of stores in each 10 market)

11. Slide 11: Compelling Growth Opportunity

    Compelling Growth Opportunity UsedCar StoreBase 13to 16new 225 stores/ yr 200 190 14new 174 175 184 stores 171 150 158 144 125 131 118 100 108 100 100 103 89 75 77 67 50 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 11

12. Slide 12: Compelling Growth Opportunity

    Compelling Growth Opportunity Large Market Entries: Fiscal 2013: Denver Fiscal 2014: St. Louis Philadelphia Fiscal 2015: Cleveland Fiscal 2016: Minneapolis / St. Paul Boston Beyond: San Francisco Seattle New YorkCity 12

13. Slide 13: Financial Summary

    Financial Summary Total Revenues Earnings per Diluted Share $2.73 $16 B $3.00 $14.3 $14 B $12.6 $2.50 $2.16 $11.0 $12 B $1.87 $10.0 $1.79 $2.00 $1.65 $9.0 $10 B $8.2 $7.5 $7.5 $1.24 $7.0 $8 B $1.50 $6.3 $5.3 $0.89 $6 B $0.80 $1.00 $0.61 $0.46 $4 B $0.25 $0.50 $2 B $0 B $0.00 FY05 FY06 FY07 FY08 FY09

14. Slide 14: Key Performance Metrics

    Key Performance Metrics Total Retail Used Units Total Wholesale Units CAF Income 600K 582 K 400K $400 M 376 K $367 550K $350 M $336 527 K 350K 343 K $299 500K 325 K $300 M 317 K $262 448 K 450K 300K $250 M $220 408 K 396 K 263 K 400K $200 M 250K 350K $150 M 300K 200K $100 M FY11 FY12 FY13 FY14 FY15

15. Slide 15: Q1 FY16 Results

    Q1 FY16 Results UsedUnits Q1EPS(diluted) 180 K $1.00 165 K 160 K 151 K $0.90 $0.86 137 K $0.80 $0.76 140 K $0.70 $0.64 120 K 112 K $0.60 100 K $0.52 $0.50 80 K $0.40 60 K $0.30 40 K $0.20 20 K $0.10 0K $0.00 FY13 FY14 FY15 FY16 FY13 FY14 FY15 FY16 Q1 FY16 up 9.3% Q1 FY16 up 13.2% 15

16. Slide 16: Stock Repurchase Program

    Stock Repurchase Program • Initially launched in fall 2012 • $3.8 billion in total authorizations • As of 5/31/15: • $1.55 billion utilized • 31.9 million shares repurchased • $2.25 billion available for repurchase 16

17. Slide 17: CarMax Cares

    CarMax Cares  FY15 CarMax Foundation milestones  $5.2 million in annual grants; $25 million in total giving since inception  800 volunteer events; 100% store participation 17

18. Slide 18: CarMax Cares

    CarMax Cares  KaBOOM! partnership  3-year, $4.1 million commitment to bring play to more than 100,000 children 18

19. Slide 19: CarMax Cares

    CarMax Cares  KaBOOM! partnership  22 of 30 playgrounds completed 19

20. Slide 20: CarMax Cares

    CarMax Cares  CarMax Summer Basketball League  9th year in operation  +500 participants 20

21. Slide 21: Above & Beyond Recognition

    Above & Beyond Recognition Above & Beyond Representatives: Gordon Amidon Sales Associate – Jacksonville, Fla. 21

22. Slide 22: Above & Beyond Recognition

    Above & Beyond Recognition Above & Beyond Representatives: Gordon Amidon Sales Associate – Jacksonville, Fla. Anita Howard Business Office Associate – Columbus Sawmill 22

23. Slide 23: 23

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