Liquidity Forecast as of February 2023

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Liquidity Summary (through Emergence(1)) Financial Projections 2016 Settlement (1) Assumes that Chapter 11 Plan is confirmed by Bankruptcy Court and Company emerges from Chapter 11 on April 28, 2023 (2) Represents forecasted liquidity prior to the effects of various emergence-related transactions to take place on the Effective Date as illustrated on the Sources & Uses page presented herein Apr’23 liquidity improvement (pre-emergence) has increased by ~$31MM in 2016 Settlement vs. Financial Projections Ending liquidity(2) as of April 30, 2023: December 19, 2023 filing of initial Restructuring Support Agreement and cleansing ("December Cleansing“): ~$81MM January 18, 2023 filing of initial Backstop Commitment Agreement and Preliminary Q4 2022 Financial Results (the "Financial Projections"): ~$94MM February 21, 2023 filing of 8-K disclosing settlement reached with 2016 lenders (the "2016 Settlement"): ~$125MM December Cleansing (Unless otherwise noted, USD in millions at FY’23 Budget F/X Rates based on 6/30/2022 spot) 3

4 Variance Est. $ Impact Comments Jan Forecast Updates 8 Updated prelim. actuals through Dec & revised forecasts for pro fees, taxes and normal course bonus FX Risking 5 Revised FX rate risking of 12/31 Spot Rates vs. prior risking to 9/30 Spot Rates Subtotal: Liquidity Improvement $13 Liquidity Improvement in Financial Projections vs. December Cleansing Feb Forecast Updates (6) Updated forecast for perm displays/capex, pro fees, working capital & other Pro Fee Settlement Savings 17 Pro fee settlement savings from 2016 Settlement Waiver of B-1 Interest 20 Waiver of $20MM B-1 Adequate Protection payment in March Subtotal: Liquidity Improvement $31 Liquidity Improvement in 2016 Settlement vs. Financial Projections Total Liquidity Improvement $44 Total Liquidity Improvement Liquidity prior to Emergence Sources & Uses(1) Liquidity Improvement of ~$31MM Pre-Emergence Liquidity Bridge Liquidity Improvement of ~$13MM (Unless otherwise noted, USD in millions at FY’23 Budget F/X Rates based on 6/30/2022 spot) (1) Represents forecasted liquidity prior to the effects of various emergence-related transactions to take place on the Effective Date as illustrated on the Sources & Uses page presented herein

5 Post-Emergence Liquidity Bridge Post-Emerg Liquidity: December Cleansing $264 December Cleansing Pre-Emergence Forecast Updates 13 Pre-emergence forecast updates All Other Updates (1) Revised estimates for commitment fees, debt service, and professional fees Post-Emerg Liquidity: Financial Projections $276 Financial Projections Pre-Emergence Forecast Updates (6) Pre-emergence forecast updates Tranche B Availability 38 Net Impact of Tranche B availability Commitment Fees 7 Decrease in commitment fees based on the latest term sheets 2016 Settlement Payments (68) $56MM Cash out + $12MM Pro Fees Wavier of B-1 Interest 20 Waiver of $20MM B-1 Adequate Protection payment in March Pro Fee Settlement Savings 20 Professional fee savings from 2016 settlement Post-Emerg Liquidity: 2016 Settlement $285 2016 Settlement Liquidity Improvement of ~$9MM Liquidity Improvement: ~$12MM (Unless otherwise noted, USD in millions at FY’23 Budget F/X Rates based on 6/30/2022 spot)

Sources & Uses 6 (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 BrandCo DIP, B1’s (including Make-Whole Payment), DIP ABL, and 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 (1) Equity Rights Offering commitment of $670MM reduced to $650MM in accordance with Excess Liquidity Reduction terms and provisions of the Plan

Post-Emergence Liquidity (through FY’26) 7 Financial Projections Unlevered FCF Liquidity 2016 Settlement Unlevered FCF Liquidity (Unless otherwise noted, USD in millions at FY’23 Budget F/X Rates based on 6/30/2022 spot)

Professional Fees: 2016 Settlement Forecast 8 (USD in millions) Note: Excludes Transaction/Success Fees payable upon Emergence Total professional fees through Emergence are projected to be ~$246MM 2016 Settlement

Appendix A: Non-GAAP Reconciliations 9

Non-GAAP Reconciliation (2016 Settlement) 10 Reflects Post-Emergence period (May 2023 – December 2023) Reflects FX adjustment from 2023 Budget FX Rates as of 6/30 to 12/31 Spot FX Rates (1) (Unless otherwise noted, USD in millions at FY’23 Budget F/X Rates based on 6/30/2022 spot)

Non-GAAP Reconciliation (Financial Projections) 11 Reflects Post-Emergence period (May 2023 – December 2023) Reflects FX adjustment from 2023 Budget FX Rates as of 6/30 to 12/31 Spot FX Rates (1) (Unless otherwise noted, USD in millions at FY’23 Budget F/X Rates based on 6/30/2022 spot)