Aaron's Investor Presentation — November 2019

Document content

Safe Harbor Statement:

Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this presentation regarding Aaron's, Inc.'s business that are not historical

facts are "forward -looking statements" that involve risks and uncertainties which could cause actual results to differ materially from those contained in the forward -looking

statements. Such forward -looking statements generally can be identified by the use of forward -looking terminology, such as "may, " "expect," "forecast," "guidance," "intend,"

"believe," "could," "project," "estimate," "anticipate," "should" and similar terminology. These risks and uncertainties include factors such as changes in federal and state laws

and regulations and related legal and regulatory investigations and proceedings, including with respect to the FTC and Progre ssive Leasing and the Aaron’s Business; our

Progressive Leasing (“Progressive”) business potentially be subject to new or different laws and regulations; the challenges fac ed by our Aaron’s Business, including increased

competition, decreases in same store sales and economic challenges faced by a portion of the Aaron’s Business’s customer base ; the execution and results of our strategic plan

and business improvement initiatives that we continue to implement, including those related to improving our Aaron’s Business ; Progressive’s reliance on third -party retailers

and the concentration of Progressive’s revenues with certain of those retailers; risks related to cybersecurity -related intrusions or “hacking” into our systems and the loss,

theft or unauthorized disclosure of information related thereto; our access to data sources used in our decisioning models an d the effectiveness of those models; the ability of

our franchisees to satisfy their obligations to us and their debt obligations, and operational and other failures by, and dis pute with, our franchisees and the other risks and

uncertainties discussed under "Risk Factors" in the Company's Annual Report on Form 10 -K for the fiscal year ended December 31, 2018, and subsequent filings with the SEC.

Statements in this presentation that are "forward -looking" include, without limitation, those related to the Company’s expectati ons regarding: Aaron's projected results for

future periods (including the updated 2019 guidance set forth in this presentation ); the size of the total U.S. lease -to-own market; the operating and economic advantages of

the Company’s businesses and the value to shareholders from those advantages; goals related to the growth strategies for the Com pany and its Progressive Leasing and

Aaron’s Business segments; visibility into the performance of the Progressive Leasing customer lease portfolio; growth in doo rs,invoice volume and the retailer partner