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*The $864,108 in average net revenue is based on net sales information of the 564 Batteries Plus® stores in operation during the entire 2021 calendar year. Of the 564 stores, 222 stores (39%) met or exceed the average net revenue. The $1,005,700 in average net revenue is based on net sales information of 423 Batteries Plus® stores in the top 75% of the 564 Batteries Plus® stores in operation during the entire 2021 calendar year. Of the 423 stores, 157 stores (37%) met or exceed the average net revenue. The average net revenue of the 423 Batteries Plus® stores in the bottom 75% of the 564 Batteries Plus® stores in operation during the entire 2021 calendar year was $663,482. Of these 423 stores, 202 (48%) met or exceeded the average net revenue. The $1,179,552 in average net revenue is based on net sales information of 282 Batteries Plus® stores in the top 50% of the 564 Batteries Plus® stores in operation during the entire 2021 calendar year. Of the 282 stores, 99 stores (35%) met or exceed the average net revenue. The average net revenue of the 282 Batteries Plus® stores in the bottom 50% of the 564 Batteries Plus® stores in operation during the entire 2021 calendar year was $548,663. Of these 282 stores, 145 (51%) met or exceeded the average net revenue. The $1,467,261 in average net revenue is based on net sales information of 56 Batteries Plus® stores in the top 10% of the 564 Batteries Plus® stores in operation during the entire 2021 calendar year. Of the 56 stores, 17 stores (30%) met or exceed the average net revenue. The average net revenue of the 56 Batteries Plus® stores in the bottom 10% of the 564 Batteries Plus® stores in operation during the entire 2021 calendar year was $356,384. Of these 56 stores, 31 (55%) met or exceeded the average net revenue. The 18.7% EBITDA is based on the average EBITDA for all 564 Batteries Plus® stores in operation during the entire 2021 calendar year. The 52.84% average merchandise margin is based on the average merchandise margin for all 564 Batteries Plus® stores in operation during the entire 2021 calendar year. There is no assurance, however, that you will do as well. See Item 19 of our 2022 FDD for further details.

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