Slide 1: Business & Strategy Update
Bed Bath & Beyond Inc. Business & Strategy Update Sue cover Director & Interim Chief Executive Officer istavo Arnal, EVP & cole Financial Officer h & Beyond Mara Sirhal, EVP & Brand President — ty Wu, EVP & Brand Eresiient — buybuy BABY August 31, 2022 BED BATH & BEYONETD>
Slide 2: Forward-looking statements
This presentation contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, including, but not limited to, our progress and anticipated progress towards our long-term objectives, as well as more generally the status of our future liquidity and fina
Slide 3: Agenda
Agenda Key Messages Liquidity Update Profitability and Cash Flow Organizational Structure Serving Our Customers at Bed Bath & Beyond =" Accelerating buybuy BABY Partnering with our Vendors Interim Financial Update Close BED BATH & BEYOND
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Slide 5: Key Messages
BUSINESS & STRATEGY UPDATE AUGUST 31, 2022 Key Messages We are making sweeping changes to serve our customers, drive growth and profitability, and deliver business returns * Enhancing liquidity with financing commitments for more than $500M via expanded $1.13B ABL facility and new $375M FILO loan as
Slide 6: Q2'22 Liquidity and Pro Forma Liquidity
2 Q2’22 Liquidity Pro Forma Liquidity ▪ ~$1.0B o o $0.5B of incremental liquidity ▪ ▪ $0.5B o o ▪ o o ¹ Based on approximately $130M of outstanding LCs and $550M of borrowings as of Q2’2022 2 6 Pro forma based on Q2’2022 ending liquidity plus FILO loan and ABL commitment increase
Slide 7: Profitability and Cash Flow: Fleet Optimization
▪ o o ▪ Comparable Comparable 1 o Sales Sales Stores o Fleet Optimization Digital o Fleet o Optimization o 7
Slide 8: Organizational Structure
▪ Reporting to CEO o o ▪ ▪ Mara Sirhal EVP, Brand President – Bed Bath & Beyond o o o o Patty Wu EVP, Brand President – buybuy BABY 8
Slide 9: Drive Traffic and Sales with Unique Assortment, Newness and Discovery
BUSINESS & STRATEGY UPDATE BED BATH & BEYONIE> Drive Traffic and Sales at BED BATH & BEYOND Banner with Unique Assortment, Newness and Discovery = Lead with Customer Preference apn . . ° ow * Bringing back popular National Brands to increase KitchenAid traffic and regain dominance as a HOME destinat
Slide 10: Accelerating the Growth and Value of buybuy BABY
buybuyBABY. BUSINESS & STRATEGY UPDATE Accelerating the Growth and Value of buybuy BABY is to drive buybuy BABY expansion and value the BBBY portfolio through organic growth remlegines « Expand on our category leadership and become a solution platform for parents from pre-natal to pre- school: o Lev
Slide 11: Support for our Supplier and Vendor Partners
BUSINESS & STRATEGY UPDATE AUGUST 30, 2022 Support for our Supplier and Vendor Partners = Resetting and Refreshing Our Relationships ° ° ° Increase the presence of our National and Direct-to-Consumer brands Prioritize our suppliers across our broad portfolio of products Regular communication from CE
Slide 12: Interim Financial Update
Approx. $1.45B Approx. 26% Decline Usage of Approx. $325M (vs. usage of approx. $500M last quarter) Decline in 20% Range; Improvement in 2H vs. 1H Approx. $250M below LY reflecting Cost Optimization in 2H22 Approx. $250M vs. originally planned $400M Key Assumptions: ▪ Approx. 150 store closures init
Slide 13: In Closing
BUSINESS & STRATEGY UPDATE AUGUST 31, 2022 In Closing =" The changes we are making are aimed at serving our customers, driving growth and profitability, and delivering on business returns: o We are committed to enhancing our liquidity and bolstering our long-term capital structure o Structural chang
Slide 14: Non-GAAP information
This presentation contains certain non-GAAP information, including Adjusted SG&A and Free Cash Flow. Free Cash Flow is defined as operating cash flow less capital expenditures. Non-GAAP information is intended to provide visibility into the Company’s core operations and excludes special items, inclu
Slide 15: Bed Bath & Beyond Inc. Business & Strategy Update
Bed Bath & Beyond Inc. Business & Strategy Update Sue Gove, Director & Interim Chief Executive Officer Gustavo Arnal, EVP, Chief Financial Officer Mara Sirhal, EVP, Brand President — Bed Bath & Beyond atty Wu, EVP, Brand President — buybuy BABY August 31, 2022 BED BATH & BEYONETD>