Kroger Mergers and Acquisitions Presentation Deck
Compelling Value Creation Opportunity
On a combined basis, delivered approximately $210
billion in revenue, $11.6 billion of adjusted EBITDA,
and $3.3 billion in net earnings in fiscal year 2021
Expects to be accretive to earnings in first full-year
post-close(¹)
• Expects to be double digit accretive by year four)
. Continue strong free cash flow generation; 30%
accretive to total annual free cash flow by year four
Kroger
Albertsons
Companies
Expects to deliver
TSR well above Kroger's
standalone 8 - 11% during first
four years post-close
(1) EPS Accretion excludes one-time costs
Note: Pro forma results as presented in this slide represent the combined Kroger and Albertsons FY 2021 results and are not intended to represent pro
forma financials under Section 11 of Regulation S-X under the Securities Exchange Act of 1934, as amended. See Appendix for reconciliation of
historical non-GAAP measures.
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