Bed Bath & Beyond Results Presentation Deck

improved debt balance driven by reductions in long-term debt and operating lease liabilities ● Q3 PERFORMANCE HIGHLIGHTS & TRANSFORMATION UPDATE ● Actions taken to reduce gross debt¹ balance by ~$1bn: Reduction in operating and finance lease liabilities by -$0.5bn in Q3 (non-core banner divestitures and store closures) Reduction in debt by ~$0.5bn in Q2 (bond tender offers, revolver/ABL borrowings) Positive net cash position with $1.5bn cash balance, less $1.2bn in bond debt Strong total liquidity2 position of $2.2bn FY20 Q2 vs FY20 Q3 - gross debt BED BATH & BEYOND (2) $3.6bn $2.4bn $1.2bn FY20 Q2 Gross Debt¹ Balance (1) Gross Debt includes bonds, revolver/ABL borrowing, and operating lease liability. Total Liquidity includes cash & investments and availability from asset-backed lending credit facility. ($0.5bn) Operating & Finance Lease Liabilities Senior Notes $3.1bn $1.9bn $1.2bn FY20 Q3 Gross Debt Balance $1.5bn FY20 Q3 Cash Balance Operating & Finance Lease Liabilities $1.2bn FY20 Q3 Gross Debt Balance ex Op/Fin Leases $0.3bn FY20 Q3 Net Cash Balance Cash & Investments $2.2bn $0.7bn $1.5bn FY20 Q3 Total Liquidity ABL 16

View entire presentation