Petco Investor Day Presentation Deck

Disciplined Capital Allocation with a Focus on Organic Growth NEAR TERM Priority Capital Priorities Organic growth Debt repayments Inorganic growth Approach Reinvest in the core business for organic growth Achieve <1.9x leverage ratio by EOY 2023 Strategic, tuck-in M&A Capital Priorities Organic growth Return excess cashflow to shareholders Inorganic growth 2023+ Debt repayments Approach Reinvest in the core business for growth organically Share repurchases Dividends Strategic, tuck-in M&A Maintain <1.9x or less leverage ratio

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