Dick's Sporting Goods Inc · NYSE:DKS
Dick's Sporting Goods — Merger or Acquisition (May 2025)
13 slides from Dick's Sporting Goods's merger presentation, May 15, 2025
Slide 1: Acquisition of Foot Locker
> Exhibit 99.3 ACQUISITION OF FOOT LOCKER "SMAV5 2025
Slide 2: Cautionary Statement Relating to Forward-Looking Statements
CAUTIONARY STATEMENT RELATING and by forwardooking words suchas ‘belive’. “nticinate’, "expect. "estimate, ‘predict’. intend”. plan’ projct’. Ks: ‘goal, "wllbe” wil continue’. will esult’, "could, ‘may’"might” porting Good ssed KS: (the 7 petit DICK'S Sporting Good distribu DICKS Sporting Good infor
Slide 3: Non-GAAP Financial Measures and Additional Information About the Merger
NON-GAAP FINANCIAL MEASURES Inadat Thesen EBITDA re budgeting and measu cealoulate its non-GAAP fer sig AAP ADDITIONAL INFORMATION ABOUT’ THE MERGER AND WHERE TO FINDIT tatement/prospectus or registration statement or anyother cometh SSCs oat eter oy ew hE The cette prow stateent/ spect ind ven veal
Slide 4: Creating a Global Leader in the Sports Retail Industry
CREATING A GLOBAL LEADER IN —— | THE SPORTS RETAIL INDUSTRY DICK’S « 4b Foot Locker | 2 21B 2.3B FY24 REVENUE FY24 ADJUSTED EBITDA 1 $13B $1.9B FV24 REVENUE FY24EBITDA , COUNTRIES STORES STATES STORES ay S 3 0 OB ., 1408 FY24 TOTAL ADDRESSABLE GLOBAL MARKET FV24 TOTAL ADDRESSABLE US. MARKET ACROSS A
Slide 5: Foot Locker FY24 Snapshot
FOOT COCKER FY24 SNAPSHOT FY24 REVENUE FY24 ADJUSTED EBIT \ Foot Locker Foot Locker Kids Foot Locker GLOBAL STORE COUNT COUNTRIES FY24 ADJUSTED EBITDA OF 4024 SALES IN NORTH AMERICA CAME FROM LOYALTY MEMBERS 407 FY24 DIGITAL COMPLETED STORE PENETRATION REFRESHES IN 2024
Slide 6: Core Benefits of This Acquisition
CORE BENEFITS OF THIS ACQUISITION 1. CREATE A GLOBAL PLATFORM WITHIN THE GROWING SPORTS RETAIL INDUSTRY DICK’ 2. SERVE A BROADER SET OF CONSUMERS ACROSS DIFFERENTIATED CONCEPTS cP 3. STRENGTHEN RELATIONSHIPS WITH BRAND PARTNERS THROUGH GLOBAL REACH af Foot Locker 4, INVEST IN GROWTH THROUGH AN INDUS
Slide 7: The Sports Retail Industry Is a Healthy, Growing Industry
© CREATE A GLOBAL PLATFORM WITHIN THE GROWING SPORTS RETAIL INDUSTRY THE SPORTS RETAIL INDUSTRY IS A HEALTHY, GROWING INDUSTRY WITH A “$3008 GLOBAL TAM. = AND GLOBAL CONSUMER TRENDS teal REMAIN FAVORABLE 856 1685 [ina HES & 2521 CONVERGENCE OF SPORT 2. AND CULTURE HAS NEVER BEEN STRONGER 137 INCREAS
Slide 8: Serve a Broader Set of Consumers Across Differentiated Concepts
© SERVE A BROADER SET OF CONSUMERS ACROSS DIFFERENTIATED CONCEPTS Tae] OES SOLF GC Ge GALAXY samesuanser = G/NE! [CHAMPS] [L£HAMPS, Foot Locker (fi atmos [IE | SPORTS CHANGE LIVES
Slide 9: Strengthen Relationships with Brand Partners Through Global Reach
wo A © STRENGTHEN RELATIONSHIPS WITH BRAND PARTNERS THROUGH GLOBAL REACH whe A adida: S new balance 9 HOKA BROOKS UGS asics puma’ 2D. BIRKENSTOCK crocs [IE | SPORTS CHANGE LIVES Timberland &
Slide 10: Differentiated Store Concepts, Leading Digital Experiences
© INVEST IN GROWTH THROUGH AN INDUSTRY-LEADING OMNICHANNEL EXPERIENCE DIFFERENTIATED STORE CONCEPTS LEADING DIGITAL EXPERIENCES [IE | SPORTS CHANGE LIVES = = BOSCOO0e a= OAS ab 10
Slide 11: Expect to Deliver Cost Synergies
© UNLOCK OPERATIONAL EFFICIENCIES THAT CREATE SHAREHOLDER VALUE EXPECT TO DELIVER $100 -$125M OF COST SYNERGIES IN THE MEDIUM-TERM PROCUREMENT AND DIRECT SOURCING EFFICIENCIES ACROSS CATEGORIES [IEE] | SPORTS CHANGE LIVES
Slide 12: Transaction Summary
TRANSACTION SUMMARY MERGER CONSIDERATION DICK'S I$ ACQUIRING 100% OF THE OUTSTANDING SHARES OF FOOT LOCKER (THE TRANSACTION") AT A PRICE OF $24.00 PER SHARE + FOOTLOCKER SHAREHOLDERS CAN ELECT TO RECEIVE EITHER $24.00 INCASH OR O1168 SHARES OF DICK'S COMMON STOCK FOR EACH ‘SHARE OF FOOT LOCKER COMMO
Slide 13: DICK'S and Foot Locker
DICK’S ais Foot Locker
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