Inc. 702 S.W. 8th Street Walmart Ecosystem Bentonville, AR 72716–8611 Phone: 1-800-WALMART www.walmart.com

Outside Relationships Walmart Inc. (Delaware Corporation) Outside Relationships Regulators Capital Suppliers Customers Securities Regulation Customers Suppliers Capital Regulators Debt Structure Equity Structure and Stock Exchange Bond Listing Rules Securities Public Debt Debt ($53.3B @ 1/31/20) Credit Ratings for Long-Term Debt: Fitch (AA), Moody’s (Aa2) and S&P (AA) Common Stock Financing Equity Regulators Holders (11.1B Shares Authorized; 2.9B Common Stock Repurchases $49.1B in Fixed and Floating Senior Unsecured Notes (from 1.75% to 4.125%) Outstanding) Significant Working Capital US Securities Share Repurchase Program Equity Capital Shareholders Financing $2.9B Non-U.S. $5.2B Commercial $1.8B Syndicated/Fronted Letters of and Commercial $15B U.S. Credit Facility ($10B ($20B authorized, $5.7B remaining, Preferred Stock Revolving Loan; $5B in 5-Year Term Loan) The Vanguard Exchange Lines of Credit Paper Credit; Unlimited Trade Letters of Credit no expiration) (100M Shares Authorized) Professional Banks Group, Inc. Commission Services (4.62% Professional SSgA Funds New York Governance Global Investigations & Security Accounting & Finance Human Resources Marketing & Customer Insights Services Ernst & Young Corporate Matters Management, Stock Board of Directors Security Analyst Accounting Associate Experience Strategy (Auditors) Legal Compliance & Ethics Misc. Corporate Departments Inc. Exchange Cesar Conde (A,T) Marissa A. Mayer (C,T) Steuart L. Walton (T) Investigator Shared Services Benefits Customer Experience Attorney Business Operations Administrative and Publicis (2.50%) Foreign Currency Selected US and Timothy P. Flynn (A,T) C. Douglas McMillon (E) Committees: Audit (A), Support Services Groupe Mexican Security Risk Manager Audit Talent Development Digital Paralegal Asset Protection Foreign Trading Derivatives Trades Compensation (C), (Advertising) BlackRock Stock Counterparties Sarah Friar (A,F) Gregory B. Penner (E) Legal Counsel Installation, Maintenance Regulators Governance (G), Corporate Security Financial Strategy People Analytics Creative Corporate Affairs and Fund Exchange Finance (F), Communications and Utilities Various Law Carla A. Harris (C,G,F) Steven S. Reinemund (C,G,T) Project Manager Advisors (BMV) Federal Trade Technology/ Security Systems Investor Relations Recruiting Firms (Law) (2.20%) Tom Horton (A,G,E,F) S. Robson Walton (E,F) eCommerce (T) Internships Commission Blockchain Business Analytics Project and Program Technology Customer Service and Call Management (PMO) Engineering Aviation & Travel Merchandising & Online Operations Responsible Sourcing Wal-Mart Geode Food and Drug Services Management Team EVP, Global Governance, CLO, Corp. Data Analytics & Business Center Self Insurance Capital IBM Industrial Engineer Intelligence Aviation Management Buying Administration President, CEO—C. Douglas McMillon Secretary—Rachel Brand Stop-Loss Insurance for Workers’ Management Real Estate Construction & Store Planning Research & Strategy EVP, President, Walmart International Mechanical Engineer People Analytics Aviation Pilot Planning Compensation, General Liability, LLC EVP, President, Walmart U.S. CEO— Drug CEO—Judith McKenna Construction Field Project Supervisor Maintenance and Auto Liability John Furner (0.75%) Enforcement VEP, President, Sam’s Club CEO— Civil Engineer Pricing and Planning Aviation Maintenance Pricing Facilities Management HVAC/R Project Management Insurance Administration Kathryn McLay EVP, President, CEO U.S. eCommerce— Electrical Engineer Customer Insights Fixed Base Operation Replenishment Providers Fidelity Marc Lore SVP, Controller—David M. Chojnowski Management Bureau of Supply Chain & Logistics Data Scientists Engineering Project Manager Online Operations Travel Management Modular Development & Research Alcohol, EVP, CFO—M. Brett Biggs EVP, Global CTO/CDO—Suresh Kumar Project Management Replenishment Suppliers (Walmart’s global Company Tobacco, EVP, Corporate Affairs—Daniel J. Bartlett EVP, Global People, CPO—Donna Morris Entertainment Partnerships Data Science Travel Agent Business Analytics Industrial Engineering Planning supply chain LLC Firearms and Supplies Business includes over (0.64%) Explosives 100,000 suppliers Regulation Operations located around Northern US Alliance to Combine the world, Trust Environmental eCommerce and including the US) Food Service via Walmart U.S. Sam’s Club Walmart International Investments, Protection Restaurants Retail Resources in Restaurants in (2020 Revenue = $2.432 B) (2020 Revenue = $0.268B) (2020 Revenue = $2.363 B) Inc. Agency Some Walmart China JD.com United REGIONS United REGIONS Africa Argentina Canada Chile Central America (0.58%) Supercenters REGIONS U.S. Department Subway States States of Agriculture China India Japan Mexico United Kingdom Private Label Wellington (Walmart McDonalds Stores Stores Stores Management Retail Store Owned) Co. LLP Federal Leases Supercenters Discount Stores Neighborhood Specialties y Retail Wholesale Significant Walmart de México (0.58%) Communications (687 of 4,756 Retail 599 Stores Hours: Aurrera Commission Real Estate Units) Markets (Average size of M-F (10:00–8:30) International y Centroamérica Walmart Media Group General State Farm Owners 134,000 sq.ft.) Sat (9:00–8:30) Bodega Aurrera 376 Stores 809 Stores Subsidiaries Merchandise Investment 3,571 Stores Fuel/Tire/Lube Services Sun (10–6) Express (1,099) Cambridge National Labor (Average size of (Average size of (Average size of Sales Management Relations Board Membership Supercenters Warehouse clubs Bodega Aurrera Key Third Party 178,000 sq.ft.) 105,000 sq.ft.) 42,000 sq.ft.) Money Center/Finance Membership Only Corp. Hours starting at (541) Myntra Brands Club Membership (0.52%) Equal Walmart Pharmacy 7am M-Sat Supermarkets Sam’s Clubs (198) Mi Bodega Aurrera Retail & General Open 24 hours Open 24 hours ($45/annually); Customers Employment Better Homes Open 24 hours (395) eCommerce PhonePe Merchandise Walmart Optical Plus Membership Bill & Melinda Opportunity & Gardens Hypermarkets Cash & Carry Walmart Supercenter Sales Gates Sales ($100/annually) Individuals Commission 142,000 items 120,000 items 29,000 items Portrait/Photo 5,500 items (280) Lider Foundation Farberware Other Discount Walmart de México y Sam’s Club Businesses Trust Consumer Radio Grill Stores (store names Centroamérica (163) 350+ associates 225 associates 95 associates Member’s Mark 160–175 associates (0.41%) Product Safety Russell vary by region) (see next panel for detail) Superama Private per store per store per store SmartStyle Hair Salon private label brand per store General Commission (93) Brands (15% of Merchandise Sales Fisher Asset Private Label Walmart Management Medicare, (15% of Walmart International (Walmart- eCommerce eCommerce eCommerce International LLC Medicaid, and merchandise Owned) merchandise does not does not pass (0.38%) the Patient Stores Services pass through Allswell Stores Services Platforms/Technology Stores Services Platforms/Technology through Protection and distribution facilities) distribution Walmart.com Endless Aisle Affordable Care General Store No8 Samsclub.com Club Pickup Walmart.com.mx Click and Collect Flipkart facilities) Act Athletic Works Merchandise (Obamacare) Sales Jet.com Key Company Data (as of 1/31/20) (and subsidiaries: , Same Day Delivery Parcel Delivery to Home Asda.com Same Day Delivery PhonePe Health ModCloth, Shoes.com) Financial Business Commitment Insurance Portability and Equate Total Revenues: $523.9 billion “Every Day Low Pricing” Customers Same Day Pickup Sam’s Garage Walmart.ca Same Day Pickup Myntra Accountability Retail and Art.com eCommerce Consolidated Net Income: $15.2 billion “Every Day Low Cost” Act EV1 Individuals Sales Operating Cash Flow: $25 billion Omni-channel offerings for Same and Energy Barenecessities.com NextDay Delivery Scan and Go Flipkart.com NextDay Delivery Next Day Pickup and Delivery Everstart Businesses Gross Profit Margin: 24.1% Regulators Walmart sells similar products across U.S., 11,909 total properties .com International, and Sam’s Club segments Foreign Corrupt George (6,688 owned and 5,221 leased) Practices Act Return on Investment: 13.4% Walmart International State and Local Great Value Governments Walmart U.S. Walmart International is Walmart’s second largest Holiday Time Distribution Distribution Distribution segment and operates in 26 countries through eCommerce Disaster Distribution Fashion Distribution eCommerce wholly owned subsidiaries European Union Centers (6) Centers Walmart U.S. had net sales of Distribution Distribution eCommerce $341.0 billion for fiscal 2020 (66% of General Data General Distribution Mexico Distribution Net sales of $120.1 billion for fiscal 2020 (23% of Mainstays Centers (40) Centers (9) fulfillment centers Centers Walmart’s consolidated net sales Protection Total General Regional Specialty Distribution Facilities (25) Total Distribution Walmart’s consolidated net sales) Distribution (88) (16) Regulation Temporary Distribution Centers (42) Centers Facilities Walmart U.S. has historically had the highest Over 40% of Walmart’s international retail locations Facilities eCommerce Import Facilities “Other” Distribution (221) Ekart (logistics and local Chinese Distribution gross profit as a percentage of net sales are in Mexico California (162) Distribution Grocery Distribution Import Distribution (2) Centers No Boundaries delivery service in India) Centers (20+) Walmart International’s strategic growth will be Consumer Centers (8) Centers Centers Walmart U.S.’s omni-channel services with concentrated in Mexico and China with an estimated Protection Act Onn eCommerce has nearly 3,200 grocery pickup addition of 250 new retail stores. locations and over 1,600 delivery locations

Ozark Trail Walmart U.S.’s three strategic merchandise Sam’s Club Distribution Facility Retail Unit and Distribution Distribution General Retail Unit and Distribution Facility Perishable Facility Leases (773 of 5,355 Services (only Sorting units: grocery, health and wellness, Leases (54 of 162 Merchandise Leases (4,380 of 6,387 retail units; 187 Scoop Grocery Items Retail Units; 14 of 25 Distribution for certain Sam’s Services and general merchandise Operates in 44 states in the Distribution Facilities) Facilities) Club items) Sales of 221 Distribution Facilities) U.S. and in Puerto Rico SwissTech Sam’s Club had net sales of $58.8 billion for fiscal Share Information 2020 (11% of Walmart’s consolidated net sales) Common Carriers eCommcerce Sort Key U.S. Private Brands Time and Tru Walmart Distribution NYSE: WMT (21% of Walmart U.S. Real Estate Owners Real Estate Owners Centers (2,500 Sort (Equate, George, Great Value, Real Estate Owners Membership income is a significant component of merchandise is transported by Centers Holiday Time, Mainstays, Centers in India) Current Share Price: $125.76 the segment’s operating income (has a lower gross Wonder Nation common carriers) Marketside, & Parent’s Choice) profit rate and operating expenses than Walmart U.S. Dividend: $2.12 ($2.16 in FY21) and International)

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