Bed Bath & Beyond Results Presentation Deck
Q2'FY22 RESULTS
Cash Flow & Liquidity
As of Q2'22: Operating Cash Flow of ($0.2B) and Capex of
($0.1B) drove Free Cash Flow of ($0.3B) as previously
announced
I
On August 31, 2022, Company secured more than $500M of
new financing
O Expanded ABL facility to $1.13B
O New FILO loan of $375M
Enhanced liquidity has supported immediate priorities,
including rebalancing assortment and inventory to drive
traffic and vendor support
Liquidity of $0.85B as of fiscal September, net of
repayments and borrowings subsequent to Q2'22
Recently Launched ATM to provide incremental flexibility
O Program-to-date: 3M of 12M shares for approx. $30M
Q1'22
Total Cash &
Investments
$0.2B
Operating Cash
Flow
($0.2B)
Investing &
Financing Cash
Flow²
$0.2B
Capex
($120M)
Borrowings
$350M
¹ As presented on August 31, 2022 update with financing closed on September 1, 2022
2 As of Q2'22 and inclusive of $550.0M of borrowings and $136.4M of outstanding Letters of Credit
Q2'22
Total Cash
& Investments
$0.2B
Q2'22 Liquidity
$0.5B of
incremental
liquidity
Approx. $0.5B
ABL
Availability²
$0.3B
PERIOD ENDING AUGUST 27, 2022
Total Cash &
Investments
$0.2B
Pro Forma Liquidity¹
as of 9/1/22
Approx. $1.0B
NEW
FILO Proceeds
$0.4B
Incremental
ABL Availability
$0.1B
ABL
Availability²
$0.3B
Total Cash &
Investments
$0.2B
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