Overstock Results Presentation Deck

GAAP Operating Margin 3.0% -2.0% -7.0% -12.0% n 2009 2010 2011 2012 2013 2014 2015 2016 Overstock -Wayfair Amazon ● $25,000 Ooverstock.com $2,500 $2,000 $1,500 Tu $1,000 $500 Amazon Groupon Wayfair Houzz Capital Raised Jet Etsy STRATEGIC OPTIONS UNDER CONSIDERATION 1. Solve someone else's problem Brick-and-mortar: technology, logistics, return logistics, marketing, site speed, etc. Other high-traffic websites 2. Recapitalize with large capital partner who is willing to think big 3. Capitalize up from Medici (e.g., tØ) Zulily We have engaged Guggenheim Partners (Andy Taussig) Buy.com Gilt One Kings Lane Overstock 48

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