Bed Bath & Beyond Results Presentation Deck

Q2 2020 FINANCIAL RESULTS pivoted from a net debt position of $0.5bn to a net cash surplus position of $0.3bn Q2 actions optimized debt balance: Significant cash flow generation Paid down-$236mn bank loan portion of ABL Facility Reduced gross debt by -30%, or $0.5bn vs FY20 Q1, from $1.7bn to $1.2bn Repurchased -$300mn (principal value) of senior notes through successful bond tender offer BED BATH & BEYOND FY20 Q1 vs FY20 Q2-net debt $1.7bn $0.2bn $1.5bn FY20 Q1 Gross Debt Balance -($1.2bn) FY20 Q1 Cash Balance Senior Notes $0.5bn FY20 Q1 Net Debt Balance Bank loan $1.2bn FY20 Q2 Gross Debt Balance -($1.5bn) FY20 Q2 Cash Balance Cash & Investments ($0.3bn) FY20 Q2 Net Cash Balance 13

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