Third Quarter

Q120

2021Financial Results

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Safe Harbor Statement

The Private Securities Litigation Reform Act of 1995, as amended, (the "Act") provides protection from liability in private lawsuits for "forward-looking" statements made by public companies under certain circumstances, provided that the public company discloses with specificity the risk factors that may impact its future results. The Company wants to take advantage of the "safe harbor" provisions of the Act. Certain statements made during this presentation are forward-looking statements under the Act. Except for historical financial and business performance information, statements made during this presentation should be considered forward-looking as referred to in the Act. Much of the information that looks towards future performance of the Company is based on various factors and important assumptions about future events that may or may not actually come true, including the impacts on our business due to the unknown severity and duration of the COVID-19 pandemic. As a result, operations and financial results in the future could differ materially and substantially from those discussed in the forward-looking statements made during this presentation. Certain risks and uncertainties are detailed from time to time in the Company's filings with the United States Securities and Exchange Commission ("SEC").

You are strongly urged to review all such filings for a more detailed discussion of such risks and uncertainties. The Company's SEC filings are available at no charge at www.sec.gov and at the Company's website at investor.theodpcorp.com.

During portions of today's presentation, the Company may refer to results which are non-GAAP financial measures. A reconciliation of GAAP to non- GAAP financial measures is available on the Company's website at investor.theodpcorp.com. These measures exclude charges or credits not indicative of core operations and the tax effects of these items, which may include but not be limited to merger integration, restructuring, acquisition costs, and asset impairments.

Gerry Smith

Chief Executive Officer

3Q21: Performance Aligned with ODP's Strategic Tenets

1

Drive

Low-Cost Model

Delivered solid

operating results

Lower fixed cost, scalable model

2

3Q21

Continued to advance digital

Transition to Higher

Progress

transformation/Varis

Growth Opportunities

Expanding our value proposition

3

Progress on unlocking

shareholder value

Evolving into Higher

Value Businesses

New growth engines, digital

transformation, leveraging B2B assets

Creating Long-Term Shareholder Value

3Q21: Summary of Significant Accomplishments

1Delivered Strong Adjusted Operating Results Despite Challenges

2Advanced the Development of our Digital Platform Business

3Solid Progress on Separation

4

Continued to Execute Upon Share Repurchase Plan

Building a More Valuable Enterprise

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ODP Corporation published this content on 03 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 November 2021 14:14:15 UTC.