ValueAct Capital Activist Presentation Deck

Seven & i Holdings Today: Core 7-Eleven Business is Strong, but the Non-Core Businesses Weigh on Overall Performance Strong 7-Eleven Franchise Weighed Down By Non-Core Businesses ● ● ● ELEVEN #1 brand in convenience 70,000+ stores in 18 markets Serves 65 million customers daily Sources: Public company documents, VAC analysis Return on Invested Capital (FY 2021) 4.7% Seven & i Holdings -0.2% 5.2% -7.0% Department Superstores Overseas / Specialty 7-Eleven Stores 19.1% Domestic 7-Eleven 17

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