Bed Bath & Beyond Results Presentation Deck slide image

Bed Bath & Beyond Results Presentation Deck

Strengthening Our Financial Position Taking Proactive Steps to Preserve Liquidity and Financial Flexibility 5 Implements Additional Cost Reductions ▪ Furloughed majority of store associates and portion of corporate associates until at least 5/2/20 Temporarily reduced salaries of senior executive team by 30% ■ Temporarily reduced quarterly cash compensation of Board of Directors by 30% Reducing discretionary spend (e.g., business travel, advertising) Renegotiating extensions of payment terms for goods and services, and rent ▪ Managing to lower inventory levels. I ■ Takes Further Actions ▪ Drew down additional $236 million remaining of available funds from revolving credit facility Suspended prior FY2020 plans for share repurchases, future dividends and debt reduction ▪ Postponed $150 million in planned FY2020 CAPEX Implementing applicable benefits of CARES Act BED BATH & BEYOND While Spring celebrations may look very different this year, the essence of this time of year remains the same: renewal and joy. In light of what's happening in our world today, the season of optimism and hope could not have come at a better time. I want to take a moment to express my sincerest thanks to you, our customers, who continue to shop with us. We are honored you choose us for your needs and we pledge to do all we can to make your experience with us the best it can be. I also want to give a heartfelt thank-you to our associates who have been working so hard to fill online orders and deliver the items you need right now. Their dedication is astonishing, and so deeply appreciated. This Sunday, our warehouses and distribution centers will be closed to provide our associates with much-needed downtime to connect with family and friends. Whether you are able to celebrate with family (even if through phones and screens) or individually, best wishes for a joyful holiday. Mark Mark Tritton President and CEO April 12, 2020 BED BATH & BEYOND
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