2015 First-Quarter Performance June 9, 2015 Financial Results and Company Highlights

Disclaimers Forward-Looking Statements This presentation includes “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. Forward-looking statements are subject to known and unknown risks and uncertainties, many of which may be beyond our control. We caution you that the forward-looking information presented herein is not a guarantee of future events, and that actual events may differ materially from those made in or suggested by the forward-looking information contained in this presentation. In addition, forward-looking statements generally can be identified by the use of forward-looking terminology such as “may,” “plan,” “seek,” “comfortable with,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe” or “continue” or the negative thereof or variations thereon or similar terminology. A number of important factors could cause actual events to differ materially from those contained in or implied by the forward-looking statements, including those factors discussed in our filings with the U.S. Securities & Exchange Commission (the “SEC”), including our annual report on Form 10-K, for the year ended February 1, 2015, which can be found at the SEC’s website www.sec.gov. Any forward-looking information presented herein is made only as of the date of this presentation, and we do not undertake any obligation to update or revise any forward-looking information to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise. Non-GAAP Financial Measures HD Supply supplements its reporting net income (loss) with non-GAAP measurements, including Adjusted EBITDA, Adjusted net income (loss) and Adjusted net income (loss) per share. This supplemental information should not be considered in isolation or as a substitute for the GAAP measurements. Additional information regarding Adjusted EBITDA, Adjusted net income (loss) and Adjusted net income (loss) per share referred to in this presentation is included at the end of this presentation under “Reconciliation of Non-GAAP Measures.”

Q1’15 Performance Highlights Strong Organic Sales, Operating Leverage and Earnings Growth +6% Sales Growth Versus Prior Year (VPY) +14% Adjusted EBITDA Growth VPY +94% Adjusted Net Income per Diluted Share Growth VPY +300 to 400 Basis Points Versus Market Estimate1 +40 Basis Points Gross Margin Improvement VPY 2.2x Operating Leverage2 1 Management estimate; market estimate is management estimate of the growth of our markets based on multiple quantitative and qualitative inputs 2 Operating Leverage is defined as Adjusted EBITDA growth divided by total Net sales growth Note: “VPY” denotes Versus Prior Year

Focused Execution Get Better and Faster Every Day Invest in Five (5) Growth Plays Sell More to Existing Customers (i.e., Share of Wallet) Introduce New Products and Services Expand the Channels to Reach Our Customers (e.g., Internet, Catalog, Mobility) Acquire New Customers Enter New Geographies (i.e., Open New Locations) Prioritize Resources and Capital with Leadership Business Units Assess Opportunities to Enhance Capital Structure Energize and Focus Actions with Long-term Strategic Imperatives Share Best Practices Across Teams to Translate Best-of-Best Performance Deepen Customer and Supplier Partnerships Focus Team on Key Growth Strategies

Topics of Recent Investor Interest Focused on Controllable Execution Deflationary Environment Pricing & Op. Leverage End Markets Capital Structure Weather No Material Change in Deflationary Environment in Q1’15 Disciplined Inventory Management to Mitigate Impact of Depreciating Inventory No Material Change in Pricing Environment in Q1’15 Affirm 1.5x to 2.0x Operating Leverage Target1 No Change in 2015 End Market Growth Estimate of ~3% to 4%2 Non-Residential – Continued Momentum; Residential – Prolonged Recovery; Water and Power Infrastructure – Sluggish; MRO – Stable Foreign Exchange 4% Canadian Exposure3 Primarily in Power Solutions 40 Basis Points of Negative Currency Impact in Q1’15 Oil & Gas Impact Affirm 50 to 150 Basis Points of Potential Negative Impact to 2015 Market Growth No Current Broad-Based Impact Experienced Some Weakness with Select Products and Customers with Direct Oil & Gas Exposure in Q1’15 April 2016 Call Date for $675M of 11% Senior Secured Second Lien Notes Continuously Evaluate Opportunities to Enhance Capital Structure ~100 Basis Points of Unfavorable Sales Impact due to Adverse Weather in Q1’15 Waterworks: ~300 Basis Points of Unfavorable Impact in Q1’15 Facilities Maintenance: ~70 Basis Points of Unfavorable Sales Impact in Q1’15 1 Operating Leverage is defined as Adjusted EBITDA growth divided by total Net sales growth 2 Market estimate is management estimate of the growth of our end markets based on multiple quantitative and qualitative inputs 3 Based on percentage of overall Net Sales 1 2 3 4 5 6 7

Q1’15 Financial Results $2,094M $2,221M +6% Gross Profit Gross Margin % Operating Income Adj. EBITDA % Op. Income % $603M $649M 28.8% 29.2% $183M $208M $116M $167M 8.7% 9.4% 7.5% +8% +40 BPs +70 BPs +14% +6% Net Sales Growth; +14% Adjusted EBITDA Growth in Q1’15 ($ in millions, except per share data) $34M $66M +94% +300 to 400 BPs of Growth in Excess of Estimated Market Growth2 in Q1’15 Q1’15 Net Sales Growth From: $86M of Growth Initiatives $80M of End Market Growth ($9M) of FX Impact 2.2x Q1’15 Operating Leverage3 +44% Net Sales 1 See appendix slides 25 and 26 for a reconciliation of Adjusted EBITDA and Adjusted Net Income (Loss) to Net Income (Loss) 2 Management estimate; market estimate is management estimate of the growth of our markets based on multiple quantitative and qualitative inputs 3 Operating Leverage is defined as Adjusted EBITDA growth divided by total Net sales growth Note: “VPY” denotes Versus Prior Year Q1’14 Adj. EBITDA1 VPY Adj. Net Income (Loss)1 5.5% +200 BPs Q1’15 $0.17 $0.33 +$0.16 Per Diluted Share $127M

Q1’15 Segment Performance Q1’15 $635M $570M $499M $388M Adj. EBITDA $122M $45M $21M $32M Operating Leverage1 2.3x 2.9x 2.0x 3.6x Net Sales ($ in millions) Broad-Based Strength Q1’14 $604M $551M $461M $344M $109M $41M +3% $18M +8% VPY +5% +12% VPY VPY VPY +10% +17% +13% +45% $22M 1 Operating Leverage is defined as Adjusted EBITDA growth divided by total Net sales growth Note: “VPY” denotes Versus Prior Year Q1’15 Q1’14 Q1’15 Q1’14 Q1’15 Q1’14

Liquidity and Capital Structure Q1’15 Debt Balances Sec. ABL Sec. Term Loan3 Sec. 1st Lien Notes Sec. 2nd Lien Notes Unsec. Sr. Notes Unsec. Sr. Notes $215 1,250 675 1,000 1,275 6/28/18 6/28/18 12/15/21 4/15/20 7/15/20 7/15/20 Gross Debt Less Cash Net Debt $5,206 155 $5,361 Facility Balance4 Maturity 1 In 2014, we experienced an “ownership change” as defined in Section 382 of the Internal Revenue Code of 1985, as amended. For a discussion of the risk of a change of control on our tax net operating losses, see the risk factor entitled “Our NOL carryforwards could be limited if we experience an ownership change as defined in the Internal Revenue Code” in our Form 10-K for the fiscal year ended February 1, 2015 2 Excludes a tax gain of $189 million related to the February 19, 2015 approval and finalization of the IRS audit of fiscal years 2007 and 2008 3 Excludes discrete events such as final approval of the IRS settlement 4 Net of original issue discount and premium 5 Represents the stated rate of interest, without including the effect of discounts or premiums 6 Subject to applicable redemption price terms Enhance Capital Structure Opportunistically ($ in millions, unless otherwise noted) 1.68% 4.0% 5.25% 11.0% 11.5% 7.5% Interest Rate5 946 n/a now 12/15/17 4/15/16 10/15/16 10/15/16 Soft Call Date6 $5.2B Net Debt at the End of Q1’15 Favorable Tax Asset with Significant Gross Federal Net Operating Loss Carryforwards of $2.3B ~$900M Tax-affected Amount of Federal and State NOLs1 Cash Taxes: $3M in Q1’15 $15M – $25M Estimated for FY’15 $5M – $7M Estimated for Q2’15 GAAP Taxes: $8M2 in Q1’15 ~$55M Estimated for FY’153 ~$15M – $20M Estimated for Q2’153 $24M of Capital Expenditures in Q1’15

Q1’15 Monthly Organic Average Daily Sales (%) HD Supply Average Daily Sales Growth VPY1 +6% Q1’15 Sales Growth Versus Prior Year 1 Adjusted for Acquisitions and Divestitures Note: “VPY” denotes Versus Prior Year 4.7% 4.5% 6.4% 12.9% 7.6% May1 7.1% 3.6% 13.4% 10.0% 7.7% ’15 Selling Days 25 19 20 2.4% 6.0% 10.5% Facilities Maintenance Waterworks Power Solutions Construction & Industrial (Preliminary) 6.6% 5.8% 5.9% 2.9% 3.3% 13.2% 14.8% 20 4.3% 9.6% Feb. Mar. Apr. Prior Year $914M $741M $677M HD Supply Net Sales $630M 4.3% 7.5% ’14 Selling Days 25 19 20 20 Q1’15

+14% +9% +8% +6% Q2’15 Guidance 7% and 11% Sales and Adjusted EBITDA Growth, Respectively at Midpoint of Guidance Ranges $2,555M $2,500M $246M $2,368M $280M $268M VPY Q2’14 Q2’15 Q2’14 Q2’15 Q2’15 Net Sales Adj. EBITDA Adj. Net Income Per Diluted Share1 VPY 1 Q2’15 Adjusted Net Income per Share range assumes a fully diluted weighted average share count of 201 million Note: “VPY” denotes Versus Prior Year $0.66 $0.60 VPY ($ in millions, except per share amounts) $0.45 . . . . Q2’14 +47% +33% Midpoint $2,528M +7% $274M +11% $0.63 +40%

FY’15 End Market Outlook Affirm ~3% to 4% End Market Growth Estimate for FY’15 Residential Infrastructure & Other MRO Municipal Power 1 Management estimates, including 50 – 150 basis point of potential negative impact from Oil and Gas (~20%) (~80%) (~25%) (~50%) (~25%) (~25%) (~75%) (~100%) (Approximate End Market Exposure1) Primary End Market Flat to Up Low Single-digit Non- Residential ~3% to ~4% FY’15 End Markets +1% to +2% Previous View1 as of Mar. ’15 +1% to +2% Revision None Current View1 as of Jun. ’15 Mid to High Single-digit None Mid Single-digit Mid Single-digit None None Mid to High Single-digit Flat to Up Low Single-digit ~3% to ~4% None

FY’15 Operating Leverage Framework Affirm 1.5x – 2.0x FY’15 Operating Leverage Target; 9% to 14% Implied FY’15 Adjusted EBITDA Growth HDS Market Growth1 Illustrative 3% – 4% + Above Market Growth2 300 BPs = End Market Growth Controllable Execution Annual Sales Growth1,2 Illustrative Adj. EBITDA Growth Adjusted EBITDA Growth 14% HDS Market Growth 9% 6% – 7% 2.0x 1.5x Operating Leverage Target2,3 1 Management estimate; market estimate is management estimate of the growth of our markets based on multiple quantitative and qualitative inputs 2 Long-term average growth target based on management estimates and aspirations 3 Operating Leverage is defined as Adjusted EBITDA growth divided by Total Net sales growth; target based on management estimates and projections. Note: These objectives are forward-looking, are subject to significant business, economic, regulatory and competitive uncertainties and contingencies, many of which are beyond the control of the Company and its management, and are based upon assumptions with respect to future decisions, which are subject to change. Actual results will vary and those variations may be material. For discussion of some of the important factors that could cause these variations, please consult the “Risk Factors” section of our Form 10-K for the fiscal year ended February 1, 2015. Nothing in this presentation should be regarded as a representation by any person that these objectives will be achieved and the Company undertakes no duty to update its objectives. Above Market Growth

Outlook Summary Focused on Controllable Execution Q2’15 FY’15 +7% Sales Growth VPY at Midpoint of Range +11% Adjusted EBITDA Growth VPY at Midpoint of Range +40% Adjusted Net Income per Diluted Share Increase VPY at Midpoint of Range 201M Diluted Share Count 3 to 4% Blended End Market Growth1 ~300 Basis Points of Estimated Market Outgrowth2 1.5x to 2.0x Operating Leverage3 Range Illustrative 1 Management estimate; market estimate is management estimate of the growth of our markets based on multiple quantitative and qualitative inputs 2 Long-term average growth target based on management estimates and aspirations 3 Operating Leverage is defined as Adjusted EBITDA growth divided by Total Net sales growth; target based on management estimates and projections. Note: These objectives are forward-looking, are subject to significant business, economic, regulatory and competitive uncertainties and contingencies, many of which are beyond the control of the Company and its management, and are based upon assumptions with respect to future decisions, which are subject to change. Actual results will vary and those variations may be material. For discussion of some of the important factors that could cause these variations, please consult the “Risk Factors” section of our Form 10-K for the fiscal year ended February 1, 2015. Nothing in this presentation should be regarded as a representation by any person that these objectives will be achieved and the Company undertakes no duty to update its objectives.

Q&A We Supply the Products and Services to Build Your City and Keep it Running

Concluding Remarks Solid Q1’15 Performance +6% Sales Growth VPY +14% Adjusted EBITDA Growth VPY +94% Adjusted Net Income per Diluted Share Growth VPY End Market Momentum Continues Remain Cautiously Optimistic Execute to Deliver Profitable Growth in Excess of Market Growth Estimate Drive Operating Leverage Category Management and Productivity Generate Cash Working Capital Discipline Opportunistically Enhance Capital Structure Focus on Controllable Execution Note: “VPY” Denotes Versus Prior Year

Appendix

Controllable Execution +300 Basis Points Above Market Estimate 1 Long-term average growth target based on management estimates and projections +200 BPs to +500 BPs +300 BPs Long-term Growth Above Market Estimate Targets1 +200 BPs to +500 BPs +200 BPs to +500 BPs +0 BPs to +200 BPs (BPs Above BU End Market Estimate) Sell More to Existing Customers (i.e., Share of Wallet) Introduce New Products and Services Expand the Channels to Reach Our Customers (e.g., Internet, Catalog, Mobility) Acquire New Customers Enter New Geographies (i.e., Open New Locations) Five Growth “Plays”

FY’15 Free Cash Flow Framework Reduce Debt and Fuel Growth Illustrative Annual Sales Growth1, 2 Illustrative Adj. EBITDA Growth Adjusted EBITDA Growth 14% HDS Market Growth 9% 6% – 7% 2.0x 1.5x Operating Leverage Target2,3 Above Market Growth ’15 Adjusted EBITDA Less: in Trade NWC Capex Cash Interest Cash Taxes Free Cash Flow ~15% of Annual Sales Growth ~1.5% of Annual Sales ~$400M $15M – $25M $250M - $300M 1 Management estimate; market estimate is management estimate of the growth of our markets based on multiple quantitative and qualitative inputs 2 Long-term average growth target based on management estimates and aspirations 3 Operating Leverage is defined as Adjusted EBITDA growth divided by Total Net sales growth; target based on management estimates and projections. Note: These objectives are forward-looking, are subject to significant business, economic, regulatory and competitive uncertainties and contingencies, many of which are beyond the control of the Company and its management, and are based upon assumptions with respect to future decisions, which are subject to change. Actual results will vary and those variations may be material. For discussion of some of the important factors that could cause these variations, please consult the “Risk Factors” section of our Form 10-K for the fiscal year ended February 1, 2015. Nothing in this presentation should be regarded as a representation by any person that these objectives will be achieved and the Company undertakes no duty to update its objectives.

Illustrative Adjusted EPS Calculation Adjusted EBITDA Adjusted Net Income per Diluted Share Adjusted Net Income = = Diluted Shares Outstanding2 ÷ Illustrative TBD TBD TBD ~201M FY’15 $172M $0.11 $23M ~200M Q4’14 ($ in millions) ~201 Q1’15 TBD TBD TBD ~201 Q4’15 Estimates TBD TBD TBD ~201 Q2’15 TBD TBD TBD ~201 Q3’15 Depreciation and Amortization1 ( - ) ($37M) (36) (~40) ($150M – $160M) (~40) (~40) Amortization of Acquired Intangibles ( + ) ~$33M $9M 8 ~8 ~8 ~8 Interest Expense (GAAP) ( - ) ($114M) ~($420M) Cash Income Taxes ( - ) ($15M – $25M) ($2M) Stock-based Compensation ( - ) ($5M) (106) (~105) (~105) (~105) (3) (~5) (~5) (~5) 1 Includes Amounts Recorded Within Cost of Sales 2 Weighted Average Diluted Shares Outstanding Based on Management Estimates Note: These objectives are forward-looking, are subject to significant business, economic, regulatory and competitive uncertainties and contingencies, many of which are beyond the control of the Company and its management, and are based upon assumptions with respect to future decisions, which are subject to change. Actual results will vary and those variations may be material. For discussion of some of the important factors that could cause these variations, please consult the “Risk Factors” section of our Form 10-K for the year ended February 1, 2015. Nothing in this presentation should be regarded as a representation by any person that these objectives will be achieved and the Company undertakes no duty to update its objectives. Actual (5) (~4) (~5) (~4) (~$18M) $208M $0.33 $66M

Amortization of Acquired Intangibles (Other than Software) ($ in millions) FY’14 FY’15 FY’16 FY’17 FY’18 FY’19 Facilities Maintenance $57M $6M $6M $5M $5M $5M Waterworks 3 2 2 2 1 1 Power Solutions 18 18 18 18 - - Construction & Industrial 14 1 1 1 1 1 Corporate and Other 7 6 6 6 6 6 HD Supply $99M $33M $33M $32M $13M $13M Expected Annual Amortization of Acquired Intangibles (Other than Software)

Monthly Average Daily Sales Growth – Organic (%) HD Supply Organic Average Daily Sales Growth VPY1 +6% Organic Average Daily Sales Growth in Q1’15 (VPY%) 1 Adjusted for Acquisitions, Divestitures, and Selling Days Note: “VPY” denotes Versus Prior Year FY 2014 (Preliminary) ’15 Selling Days ’14 Selling Days ’13 Selling Days May 9.6% 8.6% 12.3% 6.4% 13.7% 19 19 19 Jun. 7.6% 13.2% 6.8% 15.1% 9.9% 20 20 20 Jul. 8.5% 6.6% 7.3% 7.2% 18.2% 24 24 24 Aug. 9.2% 10.2% 7.4% 16.8% 20 10.0% 20 20 Sep. 19 9.9% 7.2% 9.1% 10.9% 16.3% 19 19 Oct. 8.6% 25 8.4% 10.3% 2.5% 16.9% 25 25 Nov. 6.3% 18 7.5% 7.4% -0.7% 16.2% 18 18 19 7.6% May 7.1% 3.6% 13.4% 10.0% 19 19 24 8.8% Jan. 7.3% 12.3% 7.5% 14.4% 24 24 19 5.9% Dec. 7.0% 9.1% -1.6% 12.2% 19 19 20 6.6% Feb. 2.9% 3.3% 13.2% 14.8% 20 20 20 5.8% Mar. 7.7% 2.4% 6.0% 10.5% 20 20 25 5.9% Apr. 4.7% 4.5% 6.4% 12.9% 25 25 FY 2015 Facil. Maint. Waterworks Power Solutions Const. & Ind.

Monthly Net Sales ($) $741M May ’15 Preliminary Sales FY 2014 Facil. Maint. Waterworks Power Solutions Const. & Ind. (Preliminary) ’15 Selling Days ’14 Selling Days ’13 Selling Days May $688M 19 19 19 Jun. $764M 20 20 20 Jul. $916M 24 24 24 Aug. 20 $761M 20 20 Sep. 19 $728M 19 19 Oct. $926M 25 25 25 Nov. $648M 18 18 18 19 May 19 19 24 $770M Jan. 24 24 19 $587M Dec. 19 19 20 $630M Feb. 20 20 20 $677M Mar. 20 20 25 $914M Apr. 25 25 FY 2015 ($ in millions) HD Supply Net Sales $195 $197 $142 $113 $218 $273 $217 $218 $250 $222 $157 $189 $151 $125 $151 $127 $197 $246 $211 $262 $151 $200 $122 $162 $175 $176 $144 $110 $163 $151 $132 $99 $222 $189 $186 $128 $181 $151 $152 $110 $208 $204 $161 $124 $256 $247 $199 $160 $198 $172 $148 $118 $741M

Average Daily Sales Growth – Organic1 +6% Organic Average Daily Sales Growth in Q1’15 1 Adjusted for Acquisitions, Divestitures, and Selling Days Note: “VPY” Denotes Versus Prior Year (VPY%) Selling Days Facil. Maintenance Waterworks Power Solutions Construction & Industrial HD Supply 11.2% 5.0% 11.1% 15.1% 9.3% 253 65 9.3% -5.4% 16.2% 5.4% 4.8% 63 8.6% 8.5% 12.2% 11.8% 9.0% 64 13.5% 3.5% 11.1% 18.4% 10.1% 61 13.8% 15.0% 5.5% 25.9% 13.7% Facil. Maintenance Waterworks Power Solutions Construction & Industrial HD Supply Selling Days 12.3% 11.0% 7.8% 17.7% 11.6% 258 13.7% 17.1% 5.1% 23.1% 13.6% 65 11.4% 6.3% 6.0% 20.4% 9.8% 63 14.5% 12.8% 9.1% 14.8% 12.9% 64 10.1% 9.3% 11.1% 13.8% 10.8% 66 Facil. Maintenance Waterworks Power Solutions HD Supply Selling Days 7.5% 8.2% 5.2% 11.9% 8.3% 253 Construction & Industrial 9.6% 8.2% 11.3% 16.5% 11.4% 65 9.4% 9.5% 3.6% 9.4% 8.6% 63 64 3.9% 10.6% 0.9% 10.7% 6.5% 6.9% 3.3% 5.7% 11.4% 6.9% 61 Facil. Maintenance Waterworks Power Solutions HD Supply Selling Days 7.7% 5.4% -0.2% 11.0% 5.6% 65 Construction & Industrial 7.5% 10.6% 7.0% 15.8% 9.3% 63 8.2% 9.8% 6.4% 16.8% 9.4% 64 7.3% 9.8% 2.0% 14.2% 7.2% 61 7.7% 9.0% 3.8% 14.5% 7.9% 253 FY Q1 Q2 Q3 Q4 Facil. Maintenance Waterworks Power Solutions HD Supply Selling Days 5.1% 3.4% 8.2% 12.8% 6.1% 65 Construction & Industrial 2011 2012 2013 2014 2015

Operating Leverage1 2.2x Operating Leverage in Q1’15 (VPY%) 1 Operating Leverage is Defined as Adjusted EBITDA Growth Divided by Adjusted Net Sales Growth (adjusted for the 53rd Week in fiscal 2012) Not Meaningful (“nm”) when Sales Growth is Negative and when Prior Period Adjusted EBITDA is Negative. Note: “VPY” Denotes Versus Prior Year 1.1x 2.8x 0.2x nm 2.6x 1.3x 3.6x (6.6x) nm 1.9x 1.2x nm 1.2x nm 7.8x 1.5x 1.3x 0.6x nm 2.4x Facil. Maintenance Waterworks Power Solutions Construction & Industrial HD Supply 0.7x 2.5x 1.2x 12.2x 2.1x 1.4x 1.7x 5.1x 12.5x 2.9x 1.3x 1.8x 10.5x nm 3.9x 1.3x 1.7x 3.3x nm 2.9x 1.2x 2.9x 7.2x 7.7x 2.9x Facil. Maintenance Waterworks Power Solutions Construction & Industrial HD Supply 1.6x 1.0x 2.6x 4.7x 2.5x 2.7x 3.7x 4.6x 9.2x 4.1x 1.6x 2.4x 1.6x 3.7x 2.1x 1.4x 2.7x 2.5x 4.5x 2.1x 1.3x 2.0x (2.8x) 3.5x 1.5x Facil. Maintenance Waterworks Power Solutions HD Supply Construction & Industrial HD Supply 1.6x 2.1x - 2.1x 1.8x 1.2x 1.5x - 5.2x 2.7x 1.5x 1.3x 2.4x 2.4x 1.8x Facil. Maintenance Waterworks Power Solutions HD Supply Construction & Industrial 2.0x 1.7x 1.5x 1.8x 1.7x 2.1x 2.0x (5.3x) 3.5x 2.4x 1.7x 1.6x 1.0x 2.8x 2.1x FY Q1 Q2 Q3 Q4 2011 2012 2013 2014 2015 2.3x 2.9x 2.0x 3.6x 2.2x Facil. Maintenance Waterworks Power Solutions HD Supply Construction & Industrial

Reconciliation of Non-GAAP Measures: Net Income to Adjusted EBITDA ($ in millions) May 3, 2015 May 4, 2014 Three Months Ended Net income (loss) Less income (loss) from discontinued operations, net of tax Income (loss) from continuing operations Interest expense Depreciation and amortization1 Provision (benefit) for income taxes2 Stock-based compensation Restructuring3 Loss on extinguishment of debt4 Costs related to public offerings5 Adjusted EBITDA 1 Depreciation and amortization includes amounts recorded within Cost of sales in the Consolidated Statements of Operations. 2 During the three months ended May 3, 2015, the Company recorded a reduction in unrecognized tax benefits as a result of IRS and state audit settlements. 3 Represents the costs incurred for workforce reductions and branch closure or consolidations. These costs include occupancy costs, severance, and other costs incurred to exit a location. 4 Represents the loss on extinguishment of debt including the premium paid to repurchase or call the debt as well as the write-off of unamortized deferred financing costs and other assets or liabilities associated with such debt. Also includes the costs of debt modification. 5 Represents the costs expensed in connection with the company’s public offerings $242 - $242 106 36 (181) 5 - - - $208 $(12) (8) $(4) 116 59 1 5 3 2 1 $183

Reconciliation of Non-GAAP Measures: Net Income to Adjusted Net Income ($ in millions, except share and per share amounts) Weighted average common shares outstanding (in thousands) Basic 195,347 Diluted 200,716 Adjusted Net Income Per Share - Basic $0.34 Adjusted Net Income Per Share - Diluted $0.33 Three Months Ended Net income (loss) Less income (loss) from discontinued operations, net of tax Income (loss) from continuing operations Provision (benefit) for income taxes1 Cash paid for income taxes Amortization of acquisition-related intangible assets (other than software) Loss on extinguishment of debt2 Restructuring3 Costs related to public offerings4 Adjusted net income $242 - $242 (181) (3) 8 - - - $66 1 During the three months ended May 3, 2015, the Company recorded a reduction in unrecognized tax benefits as a result of IRS and state audit settlements. 2 Represents the loss on extinguishment of debt including the premium paid to repurchase or call the debt as well as the write-off of unamortized deferred financing costs and other assets or liabilities associated with such debt. Also includes the costs of debt modification. 3 Represents the costs incurred for workforce reductions and branch closures or consolidations. These costs include occupancy costs, severance, and other costs incurred to exit a location. 4 Represents the costs expensed in connection with the company’s public offerings. $(12) (8) $(4) 1 (1) 32 2 3 1 $34 192,859 198,857 $0.18 $0.17 May 3, 2015 May 4, 2014