Monro : Third Quarter Fiscal 2021 Earnings Presentation

Monro, Inc. Investor Presentation January 2021

Safe Harbor Statement and Non-GAAP Measures

Certain statements in this presentation, other than statements of historical fact, including estimates, projections, statements related to our business plans and operating results are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Monro has identified some of these forward-looking statements with words such

as "anticipates," "believes," "expects," "estimates," "is likely," "predicts," "projects," "forecasts," "may," "will," "should," and

"intends" and the negative of these words or other comparable terminology. These forward-looking statements are based on Monro's current expectations, estimates, projections and assumptions as of the date such statements are made, and are subject to risks and uncertainties that may cause results to differ materially from those expressed or implied in the forward- looking statements, to include the significant uncertainty relating to the duration and scope of the COVID-19 pandemic and its impact on our customers, executive officers and employees. Additional information regarding these risks and uncertainties are described in the Company's filings with the Securities and Exchange Commission, including in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of our most recently filed periodic reports on Forms 10-K and Form 10-Q, which are available on Monro's website at https://corporate.monro.com/investors/financial-information/. Monro assumes no obligation to update or revise these forward-looking statements for any reason, even if new information becomes available in the future.

In addition to including references to diluted earnings per share ("EPS"), which is a generally accepted accounting principles ("GAAP") measure, this presentation includes references to adjusted diluted earnings per share, which is a non- GAAP financial measure. Monro has included a reconciliation from adjusted diluted EPS to its most directly comparable GAAP measure, diluted EPS in Slide 9. Management views this non-GAAP financial measure as a way to better assess comparability between periods because management believes the non-GAAP financial measure shows the Company's core business operations while excluding certain non-recurring items and items related to our Monro.Forward or acquisition initiatives.

This non-GAAP financial measure is not intended to represent, and should not be considered more meaningful than, or as an alternative to, its most directly comparable GAAP measure. This non-GAAP financial measure may be different from similarly titled non-GAAP financial measures used by other companies.

2

Company Overview

A Leading Chain of Independently Owned and Operated Tire and Auto Service Locations

• Dominant in the Northeastern U.S. and expanding in Southern and Western markets
• Fiscal 2020 sales of $1,256.5 million
• 1,260 company operated stores in 32 states and 96 franchised locations as of January 25, 2021
• 39 acquisitions in the past 8 fiscal years, adding 518 locations, $710 million in revenue and entry into 13 new states
• Operating two store formats in key markets

−Service brand stores - 432 stores

• 75% maintenance service, 25% tires
• $675,000 a year in sales per store

−Tire brand stores - 828 stores (excluding wholesale)

• • 55% tires, 45% maintenance service
  • $1.0 million a year in sales per store
• 7 wholesale locations and 3 retread facilities

Store locations as of 1/25/21

3

A Unique Operating Model

Monro Has a Diversified Supply Chain, Sourcing High Quality, Low-Cost Parts Direct and a Strong Portfolio of Tire Brands

PARTS

Monro sources these parts from leading	Secondary parts distribution:
aftermarket parts suppliers:
 Brake Rotors and Pads
	Filters
	Steering and Suspension
	Wipers
	Belts

TIRES

Store locations as of 1/25/21

4