Qurate Retail : 2021 Liberty Investor Meeting Presentation

Virtual

Investor Day

November 19, 2021

Q U R A T E R E T A I L , I N C .	1

Disclaimers

Forward-Looking Statements

This presentation includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements about business strategies and priorities (including opportunities for growth, future business investments and capital allocation), stock repurchases, projected sources and uses of cash (including uses of free cash flow and return of free cash flow to stockholders), the impact of COVID-19, market potential, future financial performance, the impact of purchase accounting relating to acquisitions, market conditions, sales demand, customer growth, trends in digital video consumption, new services and product offerings and launches, the realization of estimated and expected synergies from prior acquisitions, tax rates, interest deductions, estimated cost savings, deferred tax liability and contingent interest on exchangeable debentures, the redemption and repurchase of exchangeable debentures, leverage expectations and targets, organizational structure and other matters that are not historical facts. These forward-looking statements involve many risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements, including, without limitation, the impact of the COVID-19 pandemic on our businesses, possible changes in market acceptance of new products or services, competitive issues, regulatory matters affecting our businesses, continued access to capital on terms acceptable to Qurate Retail, Inc. ("QRI") and QVC, Inc. ("QVC"), availability of investment opportunities and market conditions conducive to stock repurchases. These forward-looking statements speak only as of the date of this presentation, and each of QRI and QVC expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward- looking statement contained herein to reflect any change in QRI's or QVC's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. Please refer to the publicly filed documents of QRI and QVC, including their most recent Forms 10-K and 10-Q, for additional information about QRI and QVC and about the risks and uncertainties related to their respective businesses which may affect the statements made in this presentation.

Financial Information

Unless otherwise noted, financial data pertaining to QRI and its subsidiaries provided herein is as reported in the QRI and QVC quarterly reports on Form 10-Q for the quarterly period ended September 30, 2021 and in our earnings press release dated November 4, 2021. Information regarding other companies is based on most recent publicly available information.

Non-GAAP Measures

This presentation includes certain non-GAAP financial measures including Adjusted OIBDA and Free Cash Flow. The required definitions and reconciliations (Preliminary Note and Schedules) can be found at the end of this presentation.

Q U R A T E R E T A I L , I N C .	2

Agenda

Qurate Retail Overview

David Rawlinson, President and CEO, Qurate Retail, Inc.

QxH Customer Overview

Brian Beitler, Chief Marketing Officer, QxH

Financial Overview

Jeff Davis, EVP, CFO, Qurate Retail Group

Corporate Matters

Brian Wendling, Chief Accounting Officer & Principal Financial Officer, Qurate Retail, Inc.

Q&A

Greg Maffei, Chairman, Qurate Retail, Inc.

David Rawlinson, President and CEO, Qurate Retail, Inc.

Jeff Davis, EVP, CFO, Qurate Retail Group

Q U R A T E R E T A I L , I N C .	3

Qurate Retail Overview

David Rawlinson II

President and CEO

Qurate Retail, Inc.

Qurate Retail Introduction

Largest Video Commerce Platform		Daily Discovery Destination		Aspirational Lifestyle Brands

QxH + QVC INTERNATIONAL		ZULILY	CORNERSTONE BRANDS
$11.6B	16.0M	$1.6B	5.3M	$1.2B	2.4M
REVENUE1	CUSTOMERS1	REVENUE1	CUSTOMERS1	REVENUE1	CUSTOMERS1

1Last 12 months ended September 30, 2021	Q U R A T E R E T A I L , I N C .	5