2021 Annual Shareholders Meeting - The Home Depot

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2021 Annual Shareholders Meeting2021 AnnualShareholders MeetingThursday May 20, 2021THE HOMEHOME DEPOTDEPOTTHE

2021 Annual Shareholders MeetingOur Board of Directors2THE HOMEHOME DEPOTDEPOTTHE

2021 Annual Shareholders MeetingToday’s SpeakersTHE HOMEHOME DEPOTDEPOTTHE

2021 Annual Shareholders Meeting2021 AnnualShareholders MeetingThursday May 20, 2021THE HOMEHOME DEPOTDEPOTTHE

2021 Annual Shareholders MeetingAgenda Welcome to Shareholders Call to Order of Meeting Consideration of Company and Shareholder Proposals The proposals will be considered in the order presented in theProxy Statement Report of Preliminary Voting Results Adjournment of Meeting Report on the Business Question and Answer Session Closing RemarksTHE HOMEHOME DEPOTDEPOTTHE

2021 Annual Shareholders Meeting2021 AnnualShareholders MeetingThursday May 20, 2021THE HOMEHOME DEPOTDEPOTTHE

2021 Annual Shareholders MeetingForward-Looking StatementsCertain statements contained in this presentation constitute “forward-looking statements” as defined in the Private SecuritiesLitigation Reform Act of 1995. Forward-looking statements may relate to, among other things, Forward-looking statements may relateto, among other things, the impact of the COVID-19 pandemic and the related recovery on our business, results of operations, cashflows and financial condition (which, among other things, may affect many of the items listed below); the demand for our productsand services; net sales growth; comparable sales; effects of competition; our brand and reputation; implementation of store,interconnected retail, supply chain and technology initiatives; inventory and in-stock positions; state of the economy; state of thehousing and home improvement markets; state of the credit markets, including mortgages, home equity loans, and consumer credit;impact of tariffs; issues related to the payment methods we accept; demand for credit offerings; management of relationships with ourassociates, suppliers and service providers; international trade disputes, natural disasters, public health issues (including pandemicsand quarantines, related shut-downs and other governmental orders, and similar restrictions, as well as subsequent re-openings),and other business interruptions that could disrupt supply or delivery of, or demand for, the Company’s products or services;continuation or suspension of share repurchases; net earnings performance; earnings per share; dividend targets; capital allocationand expenditures; liquidity; return on invested capital; expense leverage; stock-based compensation expense; commodity priceinflation and deflation; the ability to issue debt on terms and at rates acceptable to us; the impact and expected outcome ofinvestigations, inquiries, claims, and litigation, including compliance with related settlements; the effect of accounting charges; theeffect of adopting certain accounting standards; the impact of regulatory changes, including changes to tax laws and regulations;store openings and closures; financial outlook; and the impact of acquired companies, including HD Supply, on our organization andthe ability to recognize the anticipated benefits of those acquisitions.Forward-looking statements are based on currently available information and our current assumptions, expectations and projectionsabout future events. You should not rely on our forward-looking statements. These statements are not guarantees of futureperformance and are subject to future events, risks and uncertainties – many of which are beyond our control, dependent on theactions of third parties, or are currently unknown to us – as well as potentially inaccurate assumptions that could cause actual resultsto differ materially from our expectations and projections. These risks and uncertainties include, but are not limited to, thosedescribed in Item 1A, “Risk Factors,” and elsewhere in our Annual Report on Form 10-K for our fiscal year ended January 31, 2021and in our subsequent Quarterly Reports on Form 10-Q. Forward-looking statements speak only as of the date they are made, andwe do not undertake to update these statements other than as required by law. You are advised, however, to review any furtherdisclosures we make on related subjects in our periodic filings with the Securities and Exchange Commission and in our other publicstatements.7THE HOMEHOME DEPOTDEPOTTHE

2021 Annual Shareholders MeetingCraig MenearChairman and CEO2021 Annual Shareholders MeetingTHE HOMEHOME DEPOTDEPOTTHE

2021 Annual Shareholders MeetingAn Unprecedented Year 132B 2020SalesOne Home DepotStrategic Investments 22B SalesgrowthOntrackLeaderin MROMaintenance, repairand operations9THE HOMEHOME DEPOTDEPOTTHE

2021 Annual Shareholders MeetingCommitted to Culture & ValuesOur culture and values have proven invaluable throughout our history,and this pandemic is no exception. Our commitment to Take Care ofour People, Do the Right Thing and Give Back has guided ourdecisions during this challenging time.10THE HOMEHOME DEPOTDEPOTTHE

2021 Annual Shareholders MeetingWe Invested in Our PeopleWeeklyBonusesIN FISCAL 2020WE INVESTED 2 BILLION2XPay ForOvertimeON ENHANCEDCOMPENSATION &BENEFITSExpandedTime Off11THE HOMEHOME DEPOTDEPOTTHE

2021 Annual Shareholders MeetingKey LearningsAGILITY &FLEXIBILITYARE CRITICALINVESTMENTSFOCUSED ONRIGHT AREAS12THE HOMEHOME DEPOTDEPOTTHE

2021 Annual Shareholders MeetingPrimary ObjectivesBESTSHOPPINGEXPIERENCELOW-COSTPROVIDER CAPITALEFFICIENCYGROWFASTERTHAN THEMARKETWINWITH THECUSTOMER!13THE HOMEHOME DEPOTDEPOTTHE

2021 Annual Shareholders MeetingTo our Associates THANK YOU!14THE HOMEHOME DEPOTDEPOTTHE

2021 Annual Shareholders MeetingRichard McPhailExecutive Vice President &Chief Financial Officer2021 Annual Shareholders MeetingTHE HOMEHOME DEPOTDEPOTTHE

2021 Annual Shareholders MeetingFiscal 2020 Financial HighlightsSales ( B)Net Earnings ( B)Diluted EPS 132.1B 11.94 12.9B 110.2B19.9%19.9% 11.2B14.4% 10.2516.5%16.5%20192020201920202019202016THE HOMEHOME DEPOTDEPOTTHE

2021 Annual Shareholders MeetingQ1 2021 Financial HighlightsTotal Sales: 37.5 BillionNet Earnings: 4.1 BillionEPS: 3.86 per diluted share17THE HOMEHOME DEPOTDEPOTTHE

2021 Annual Shareholders MeetingFiscal 2020 Cash FlowCash Generated: 19 BillionCapital Expenditures : 2.5 BillionHD Supply Acquisition : 8 BillionDividends: 6.5 Billion( Billions USD)18THE HOMEHOME DEPOTDEPOTTHE

2021 Annual Shareholders MeetingAnnual Dividend Paid 6.601) 6.00 5.44 4.12 3.56 2.76 2.36 1.88 1.56201320142015201620172018201920202021FAnnounced a 10% Increase to the Dividend in February1) Forecast - Based on current quarterly dividend annualized. Subject to approval by the Board of Directors.19THE HOMEHOME DEPOTDEPOTTHE

2021 Annual Shareholders Meeting5-YEAR TOTAL SHAREHOLDER RETURNClosing Value on April 23, 2021:180%160%140%120%100%80%60%40%20%0%-20%Home Depot(Source: FactSet)Dow Jones Industrial AverageS&P 50020THE HOMEHOME DEPOTDEPOTTHE

2021 Annual Shareholders MeetingQuestion & AnswerSessionTHE HOMEHOME DEPOTDEPOTTHE

2021 Annual Shareholders Meeting2021 AnnualShareholders MeetingThursday May 20, 2021THE HOMEHOME DEPOTDEPOTTHE

THE HOME DEPOT 2021 Annual Shareholders Meeting-20% 0% 20% 40% 60% 80% 100% 120% 140% 160% 180% Home Depot Dow Jones Industrial Average S&P 500 (Source: FactSet) 20 5-YEAR