Liquidity Forecast as of April 2023

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Preliminary Q1’23 Results 3

Preliminary Q1’23 Bridges Relative to Business Plan 4 Preliminary Q1’23 Gross Sales Relative to Business Plan(1) (Unless otherwise noted, USD in millions at FY’23 F/X Rates) Preliminary Q1’23 Recurring EBITDA Relative to Business Plan Gross sales for Preliminary Actual Q1’23 marginally favorable to Business Plan Q1’23 (~0.9%) Net sales for Preliminary Actual Q1’23 favorable to Business Plan Q1’23 (~1.4%) Forecast included in December 19th, 2022 8-k Filing (“Business Plan”)

Q1’23 Variance (at ’23 Budget FX Rates) Preliminary Q1’23 5 (Unless otherwise noted, USD in millions at FY’23 F/X Rates)

Liquidity Update 6

7 (Unless otherwise noted, USD in millions) Post-Emergence Liquidity Bridge Projected Emergence Liquidity(4): March Forecast $290 (–) Borrowing Base (44) Loss of Borrowing Base from removal of first-in, last-out facility (“FILO”) availability (–) Exit ABL Availability Blockers (60) Expected availability blockers Sources & Uses: (–) FABTL Commitment (50) Removal of foreign asset-backed term loan facility (“FABTL”) (+) Pre-Emergence Liquidity 26 Higher liquidity at emergence due to favorability from preliminary Q1’23 actuals (+) Upsized New TL Debt 75 Increase in new term loan debt (+) Commitment Fees 4 Removal of commitment fee on FILO (2.5%) and FABTL (5%) Subtotal: Change in Sources & Uses 54 Projected Emergence Liquidity(5): April Forecast $241 Projected liquidity at emergence prior to application of the Excess Liquidity(2) is ~$241MM in the April forecast update (“April Forecast”) (~$49MM lower vs. March Forecast(3)) (1) Decrease in Liquidity of ~$(49)MM Projections assume an April 28th emergence date As defined in the terms and provisions in the Plan of Reorganization April 3rd filing of 8-k disclosing the liquidity forecast as of March 2023 Includes $670MM of equity rights offering; assumed to be paid down to $665MM after application of Excess Liquidity Includes $670MM of equity rights offering (no paydown from Excess Liquidity)

Post-Emergence Liquidity (through FY’24) 8 (Unless otherwise noted, USD in millions) March Forecast Post-emergence liquidity is represented below under the following scenarios: April Forecast

9 Liquidity Bridge through FY’26 (Unless otherwise noted, USD in millions) Reflects change ~$54MM change in Sources and Uses on page 8, plus $6MM paydown in equity rights offering in March forecast

Appendix: Supporting Forecast Detail 10

Sources & Uses – March Forecast 11 (Unless otherwise noted, USD in millions at FY’23 Budget F/X Rates based on 6/30/2022 spot) Notes Pre-Emergence Cash: Est. cash balance prior to Emergence 2016 Settlement Payments: Includes cash settlement payment and professional fees payable to 2016 lenders Accrued & Unpaid Professional Fees: Includes estimated transaction / success fees payable at emergence Other Restructuring Items: Amount reflects estimated other restructuring costs expected to be paid at Emergence Debt Paydown: Reflects repayments of debtor-in-possession financing (including term loan and ABL), Term B-1 Loans(2) (including make-whole payment), and prepetition FILO Accrued & Unpaid Interest: Estimate at Emergence Repayment & Transaction Fees: Exit fees per the DIP credit agreements and estimated transaction fees on new debt Post-Emergence Cash: Reflect post-emergence cash assumption Includes $670MM of ERO; assumed to be paid down to $665MM after application of Excess Liquidity As defined in the BrandCo credit agremeent, dated as of May 7, 2020

Sources & Uses – April Forecast 12 (Unless otherwise noted, USD in millions at FY’23 Budget F/X Rates based on 6/30/2022 spot) Notes Pre-Emergence Cash: Est. cash balance prior to Emergence 2016 Settlement Payments: Includes cash settlement payment and professional fees payable to 2016 lenders Accrued & Unpaid Professional Fees: Includes estimated transaction / success fees payable at emergence Other Restructuring Items: Amount reflects estimated other restructuring costs expected to be paid at Emergence Debt Paydown: Reflects repayments of debtor-in-possession financing (including term loan and ABL), Term B-1 Loans(1) (including make-whole payment), and prepetition FILO Accrued & Unpaid Interest: Estimate at Emergence Repayment & Transaction Fees: Exit fees per the DIP credit agreements and estimated transaction fees on new debt Post-Emergence Cash: Reflect post-emergence cash assumption As defined in the BrandCo credit agremeent, dated as of May 7, 2020

13 Bruno’s Transaction Summary Cash Tax Summary Tax liabilities / associated cash payments relate only to FY’23–FY’26 tax liabilities (Unless otherwise noted, USD in millions) Below is a revised tax forecast from FY’23 – FY’26 based on the February 15, 2023 KPMG revised tax forecast and the Company’s revised payment assumptions: Bruno’s Transaction Scenario: Estimated cash tax payments through 2026 of ~$110MM Estimated liabilities of ~$125MM, which are net of ~$47MM of mitigation savings

14 April Forecast Detail (Unless otherwise noted, USD in millions) 2023 Recurring EBITDA in the Business Plan was ~$313MM 2023 Recurring EBITDA in the April Forecast of ~$325MM reflects preliminary Q1’23 actuals Note: Totals may not foot due to rounding

Appendix: Non-GAAP Reconciliations 15

Non-GAAP Reconciliation: Q1’23 16 (USD in millions)

Non-GAAP Reconciliation: EBITDA - Operating Income 17 (USD in millions) Note: Totals may not foot due to rounding