Wal-Mart Stores, Inc. (NYSE: WMT) Jeff Davis EVP & CFO Walmart - PowerPoint PPT Presentation

Wal-Mart Stores, Inc. (NYSE: WMT) Jeff Davis EVP & CFO Walmart U.S. Jefferies 2014 Global Consumer Conference June 19, 2014

Forward-looking statement Walmart includes the following cautionary statement so that any forward-looking statements made by, or on behalf of, Walmart will enjoy the safe harbor protection of the PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995, as amended. Such forward-looking statements, which will describe our objectives, plans, goals, targets or expectations, can be identified by their use of words or phrases such as “anticipate,” “estimate,” “expect,” “forecast,” “plan,” “projected,” “will be” or words or phrases of similar import. Statements of our expectations for FY15, and any subsequent fiscal years are forward- looking. Walmart’s actual results might differ materially from those expressed or implied in a forward-looking statement as a result of factors including, among others, recessionary economic environment, cost of goods, competitive pressures, availability of credit, geopolitical conditions and events, labor and healthcare costs, inflation, deflation, consumer spending patterns, debt levels and credit access, currency exchange fluctuations, trade restrictions, tariff and freight rate changes, fluctuations in fuel, other energy, transportation and utility costs, health care and other insurance costs, accident costs, interest rate fluctuations, other capital market conditions, weather conditions, storm-related damage to facilities, customer traffic, factors limiting our ability to construct, expand or relocate stores, regulatory matters and other risks set forth in our SEC filings. Our most recent Annual Report on Form 10-K and our other filings with the SEC contain more information concerning factors that, along with changes in facts, assumptions not being realized or other circumstances, could cause actual results to differ materially from those expressed or implied in a forward-looking statement. Walmart undertakes no obligation to update any forward-looking statement to reflect subsequent events. 2 Wal-Mart Stores, Inc. (NYSE: WMT)

Driving sustainable sales growth & strong fundamentals S ales S ave S ervice S election Drive sales Productivity loop Customer first Expand access • Savings Catcher • Focus on OSA • Engaged talent • Tethering • COGS savings • Bottom 10% stores • Drive-thru pilot • Fresh quality • Store experience • NHMs • Price investment • New services • Walmart Express • New products • Digital access • New brands 3 Wal-Mart Stores, Inc. (NYSE: WMT)

Focused on in-stock OSA First A simple process … … creating efficiencies When an item sells… Binning Picks Counting …it gets restocked! Driving improved in-stock position 98% 95% Company goal 90% Q1 FY15 Q1 FY14 4 Wal-Mart Stores, Inc. (NYSE: WMT)

Improving quality and experience in fresh departments Enhancing experience Strategic investments Meat Beef investment Produce Increasing price gap Bakery French bread Improved execution Deli Improved quality Rotisserie chicken Improved presentation We’ve driven sales and share gains across fresh departments 5 Wal-Mart Stores, Inc. (NYSE: WMT)

Launching services to drive traffic Saving money, on money Affordable healthcare pilot Associates Public Customer savings in first 1½ months For Walmart health plan members 6 Wal-Mart Stores, Inc. (NYSE: WMT)

Building customer trust with Savings Catcher Savings made easy 1 2 3 Submit receipt Walmart compares Customer saves Improved price Increased spending perception More frequent trips 7 Wal-Mart Stores, Inc. (NYSE: WMT)

Best in class training via a centralized talent center One talent center… …for ~160 locations Consistent quality hiring Real training in authentic setting Best in class training 8 Wal-Mart Stores, Inc. (NYSE: WMT)

Early tethering results are encouraging Order from Walmart Express Customers have access to (Oriental, NC) millions of items with many available for same day pickup Delivery from Supercenter (New Bern or dot.com) New Bern Oriental … all from a 10k square foot box! 9 Wal-Mart Stores, Inc. (NYSE: WMT)

Creating convenience with digital & physical integration Build a basket and select Drive to a pickup depot; a pickup time order delivered to car • ~15,000 square foot depot • ~10,000 SKUs • Grocery & OTC Book Pickup Time Check Out • EDLP pricing Testing a drive-through grocery format to open later this year 10 Wal-Mart Stores, Inc. (NYSE: WMT)

Key takeaways S ales : We are focused on driving sustainable sales growth S ave : We are committed to being the price leader S ervice : We are dedicated to hiring & developing engaged associates S election : We are innovating to expand access and convenience 11 Wal-Mart Stores, Inc. (NYSE: WMT)

Q&A 12 Wal-Mart Stores, Inc. (NYSE: WMT)