Overstock Mergers and Acquisitions Presentation Deck

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Overstock logo
Overstock

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Consumer

Published

June 2023

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#1Pindone CHA Si Ston nogor Men Su Murd ASE ye nas Trenutn Yo www PAN Men Ma TH Many 124 *** ten Hambouil hin All www Po 30 www www mur 12 *** You 142 PEN *** www mi Acquisition of Bed Bath & Beyond Brand and Other Intellectual Property BED BATH& Ooverstock BEYOND June 29, 2023#2Forward-looking statements The information presented herein may contain forward-looking statements within the meaning of the federal securities laws. Such forward- looking statements include all statements other than statements of historical fact, including forecasts of trends, market conditions, and other factors that will impact our results of operations. You should not place undue reliance on any forward-looking statements, which speak only as of the date they were made. We undertake no obligation to update any forward-looking statements as a result of any new information, future developments, or otherwise. Forward-looking statements are inherently difficult to predict. Accordingly, actual results could differ materially for a variety of reasons, including but not limited to, macroeconomic changes, including higher inflation and rising interest rates, and difficulties we may have with our fulfillment partners, supply chain, access to products, shipping costs, competition, attraction/retention of employees, search engine optimization results, and/or payment processors. Other risks and uncertainties include, among others, negative global economic consequences of global conflict, including the ongoing tensions between the United States and Russia, the United States and China, and other effects of the ongoing conflict in Ukraine, problems with our infrastructure, including cyber-attacks or data breaches affecting us, adverse tax, regulatory or legal developments, any further restrictions on the use of "cookies" or other tracking technologies, any negative business impacts associated with our evolving business practices including our exit from non-home categories, whether we will realize the anticipated benefits of our acquisition of certain assets from Bed Bath and Beyond, and whether our partnership with Pelion Venture Partners will be able to achieve its objectives. More information about factors that could potentially affect our financial results are included in our Form 10-K for the year ended December 31, 2022, which was filed with the SEC on February 24, 2023, our Form 10-Q for the quarter ended March 31, 2022, which was filed with the SEC on May 2, 2023, and in our subsequent filings with the SEC. The Form 10-K and our subsequent filings with the SEC identify important factors that could cause our actual results to differ materially from those contained in or contemplated by our projections, estimates, and other forward-looking statements. BED BATH & Overstock 2#3Agenda BED BATH & overstock 1. CEO Remarks 2. Transaction Overview 3. Strategic Rationale 4. Integration Plan 5. Summary and Q&A 3#41 CEO Remarks BED BATH& Oloverstock BEYOND www HOW 4#52 Transaction Overview BED BATH& Oloverstock BEYOND LO 5#6Bed Bath & Beyond Intellectual Property Intellectual Property includes Customer and loyalty data United States and Canada website domains and mobile applications Vendor and SKU data Trademarks and private brands data Transaction excludes Stores, inventory, warehouses, and other physical assets Intellectual Property related to other banners formerly operated by BBBY $21.5 million cash consideration Entirely funded with cash on hand - BED BATH & Overstock 6#73 Strategic Rationale BED BATH& Oloverstock BEYOND 7#8Recipe for Gaining Market Share Bed Bath & Beyond (Well-known Brand) High unaided brand awareness - #5 of Top 25¹ retailers in the category High emotional connection to the brand² Exposure to more than 20 million active customers³ Broader access to the younger demographic¹ Overstock (Advantageous Business Model) Asset-light and efficient operating team Smart value offering Wider assortment of furniture, rugs, indoor décor Growing recognition among vast partner base BED BATH & Overstock 1. 2023 consulting team survey 2. Third-party data 3. Transaction due diligence 8#9Growth Flywheel Improve product findability Optimize marketing channels BED BATH & Overstock Improve customer retention Increase brand association with "home" A Q CC Increase mobile app adoption Increase home assortment Grow Canada Improve category management D 9#104 Integration Plan BED BATH& Oloverstock BEYOND 10#11Timeline of Brand Integration Phase 1 July Launch in Canada Prepare for launch in the US On-board key partners and new assortment Rebrand Club O loyalty program as Welcome Rewards BED BATH & Overstock Phase 2 Aug & Sep ■ ■ Launch in the US Market new brand identity Continue to on-board key partners and new assortment Execute Labor Day weekend Phase 3 Q4 2023 & Beyond ■ Continue to build-out key assortment Transition to one-brand Evaluate opportunities for future growth 11#12LO 5 Summary and Q&A BED BATH& Oloverstock BEYOND www SING URI NA TOTYY TY! M ES 256824 Gi 626 2525252 JIT potovatio T6 PERMA 8 12#13Questions? BED BATH & Overstock To ask questions, Access registration link on IR website Email: [email protected] 13#14Thank you. BED BATH & overstock BEYOND

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