Symbotic Inc. · NASDAQ:SYM
Symbotic — Merger or Acquisition (January 2025)
9 slides from Symbotic's merger presentation, Jan 16, 2025
Slide 1: Symbotic to Acquire Walmart's Advanced Systems and Robotics Business and Sign Related Commercial Agreement
Exhibit 99.2 Symbotic to Acquire Walmart’s Advanced Systems and Robotics Business and Sign Related Commercial Agreement January 2025 1 1 1 ||| © © © S S Sy y ym m mbo bo boti ti tic c c , , Inc Inc Inc. A . . A Allll ll Ri Ri Ri gh gh gh ts ts ts Res Res Reserv erv erved ed ed | | P Pr rop opr riiet
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS This communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but are not limited to, our expectations or predictions of future financial or business performance or conditions. Forward-looking
Slide 3: Bringing Automation to the Last Mile, Enabling eCommerce
Bringing Automation to the Last Mile, Enabling eCommerce 3 3 3 ||| © © © S S Sy y ym m mbo bo boti ti tic c c, , Inc Inc Inc. A . . A Allll ll Ri Ri Ri gh gh gh ts ts ts Res Res Reserv erv erved ed ed | | P Pr rop opr riieta etar ry y an and Co d Conf nfiide denti ntial al
Slide 4: AI-Enabled, Tech Platform to Transform the Supply Chain
AI-Enabled, Tech Platform to Transform the Supply Chain Upstream Suppliers Distribution Centers Last Mile In-store Eaches Cases eCommerce Pallets Store Pickup SYMBOTIC Factory Delivery Fully integrated AI / software platform drives actionable insights from goods and location data to improve inventor
Slide 5: Compelling Strategic Rationale
Compelling Strategic Rationale Automating at the store and local level expected to extend our core technology and strategy Long-term commercial agreement strengthens Walmart relationship and could increase our future backlog by over $5B provided performance criteria are met following rigorous techno
Slide 6: Technology Drives Competitiveness for Our Customers
Technology Drives Competitiveness for Our Customers • Transforming big-box retail stores into centers for accelerated pickup and delivery of customer orders ✓ For example: 90% of U.S. population lives within 10 miles 1 of a Walmart store ✓ Enabling reduced last-mile delivery costs • Automation drive
Slide 7: Micro-Fulfillment Expands Addressable Market
Micro-Fulfillment Expands Addressable Market 2 Micro- GreenBox “In-House” Fulfillment “Outsourced” 4 1 3 $432B $500B+ $300B+ One-time system sales in Incremental annual Estimated U.S. micro- operator-owned warehouses warehouse-as-a-service fulfillment opportunities (one- opportunity time system sale
Slide 8: Commercial Agreement Timeline and Opportunity
Commercial Agreement Timeline and Opportunity Technology Development Walmart Rollout of Store- Broadly Deploy Micro- 1 and Prototype Delivery Based Automation Fulfillment Automation Funded $5B+ $300B+ 3 development program addition to future backlog Addressable market Positive 400 87% cash flow with
Slide 9: Acquisition and Commercial Agreement Summary
Acquisition and Commercial Agreement Summary • Symbotic to acquire Walmart’s Advanced Systems and Robotics business Transaction • $200M to be paid at closing Consideration • $350M to be paid in future periods based on the total number of APD systems ordered by Walmart • Walmart to pay Symbotic $520M