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EFTA01382268

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EFTA Disclosure
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Amendment No. 3 to Form S-I Table of Contents The Safeway acquisition had a material impact on our results of operations. Accordingly, we have included in this prospectus pro forma information which gives effect to the Safeway acquisition, this offering and the IPO-Related Transactions, as more fully described in the notes below. See "Unaudited Pro Forma Condensed Consolidated Financial Information" for additional information (in millions, except per share amounts). First Quarter 2015 First Quarter 2014 12 Months Ended June 20, 2015 Fiscal 2014 Fiscal 2013(3) Fiscal 2012(3) Pro Forma(2) (7) Actual Pro Forma(2) Actual Pro Forma (2) Pro Forma(2) Actual(1) Results of Operations: Sales and other revenue 17,607 $18,051 $ 17.220 $ 7,212 $ 57,884 $ 57.497 $ 27,199 $20,055 $ 3,712 Gross profit S 4.784 $ 4.918 $ 4.525 $ 1.991 $ 15,742 $ 15.483 $ 7.503 $ 5,399 $ 938 Selling & administrative expenses 4,710 4,821 4,425 1,959 15.476 15,191 8,152 5,874 899 Bargain purchase gain (2,005) Operating income (loss) 74 97 100 32 266 292 (649) 1,530 39 Interest expense 257 284 256 140 850 849 633 390 7 Other (income) expense. net (5) (5) (23) 23 (1) (19) 96 (Loss) income before income taxes (178) (182) (133) (131) (583) (538) (1,378) 1,140 32 Income tax (benefit) expense (69) (29) (52) (14) (225) (208) (153) (573) 2 (Loss) income from continuing operations. net of tax (109) (153) (81) (117) (358) (330) (1,225) 1,713 30 Income from discontinued operations, net of tax 20 49 Net (loss) income $ (109) $ (153) S (81) $ (117) $ (358) $ (330) S (1,225) $ 1,733 $ 79 Per Share Data: Net income (loss) per share—basic and diluted(4) (0.23) (0.17) (0.75) (0.69) Weighted average shares outstanding —basic and diluted(4) 475 475 475 475 Other Financial Data: Adjusted EBITDA(5) $ 704 $ 728 $ 608 $ 253 $ 2,463 $ 2,367 $ 1,099 $ 586 $ 65 Adjusted Net Income(5) 61 55 (2) (14) 302 239 58 174 39 Adjusted Net Income per share—basic and diluted(5) 0.13 (0.01) 0.64 0.50 Capital expenditures 215 215 285 97 778 848 328 128 29 Free cash flow(6) 489 513 323 156 1,685 1.519 771 458 36 Other Operating Data: Identical store sales 4.3% 5.1% 4.8% 8.4% 4.5% 4.6% 7.2% 1.6% 1.9% Store count (at end of fiscal period) 2.205 2,205 2234 1.076 2,205 2.229 Z382 1,075 192 Gross square footage (at end of fiscal period) fin millions) 110 110 111 56 110 111 118 56 11 Fuel sales $ 1,008 $ 1,010 $ 1.360 $ 67 $ 3,617 $ 3.969 $ 387 $ 47 $ Balance Sheet Data (at end of period): Cash and equivalents S 939 $ 989 $ 260 $ 989 $ 1.126 $ 307 $ 37 Total assets 24,469 24,469 9,062 24.469 25.762 9,359 586 Total members' equity (deficit) 3.527 2,064 1,634 3,527 2.169 1,760 (247) Total debt 10.698 12.145 3,623 10.698 12.509 3.694 120 Fiscal 2015 Fiscal 2014 Fiscal 2013 Fiscal 2012 Identical Store Sales(a) Q1'15 04'14 0394 02'14 Q1'14 04'13 03'13 0213 0113 04'12 0312 021 2 Q1'12 Legacy Albertson Stores 2.1% 3.1% 2.6% 3.4% 1.3% 1.4% 3.3% 0.1% 1.2% 1.4% 2.2% 2.7% 1.6% SVU Albertson Stores 9.5% 8.5% 8.0% 7.5% 8.7% 5.8% 5.6% (0.4)% (2.5)% (5.6)% (5.0)% (4.0)% (4.5)% NM Stores 4.1% 3.6% 8.5% 11.9% 12.2% 10.4% 4.9% 0.6% (2.9)% (5.7)% (4.6)% (5.1)% (4.0)% Safeway(b) 3.8% 3.5% 3.2% 3.1% 2.2% 1.1% 1.8% 1.8% 1.1% 1.4% 1.3% 0.1% 1.0% http. NVWV,SCC.1:O1. AR:hi% 'Agar data 1646972 0001193125153358264900395dslithim110 14 2015 903.02 AMI CONFIDENTIAL - PURSUANT TO FED. R. GRIM. P. 6(e) CONFIDENTIAL DB-SDNY-0081557 SDNY_GM_00227741 EFTA01382268

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