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Investor Presentaiton

Non-GAAP measures – Adjusted EBITDA & Adjusted EBITDA margin - The calculation of net income margin and Adjusted EBITDA margin, along with a reconciliation of Adjusted EBITDA margin to the calculation of net income margin, is as follows: (Amounts in millions) Consolidated net income attributable to Walmart Consolidated net (income) loss attributable to noncontrolling interest Provision for income taxes Other (gains) and losses Interest, Net Operating Income + Depreciation and Amortization + Incremental opioid settlement expense Adjusted EBITDA Net Sales Consolidated net income margin Adjusted EBITDA margin Three Months Ended Q2 FY24 Q2 FY23 2023 2022 7,891 5,149 (162) 2 2,674 1,497 (3,905) (238) 494 448 ՄՌ $ 7,316 $ 6,854 2,905 2,699 93 10,314 $ 9,553 160,280 151,381 4.9% 3.4% 6.4% 6.3%
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