Aaron's Investor Presentation — November 2022

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The Aaron’s Company, Inc.

Stephens Annual Investment Conference

November 16, 2022Special Note Regarding Forward -Looking Information

Statements in this presentation regarding our business that are not historical facts are “forward -looking statements” that invol ve risks and uncertainties which could

cause actual results to differ materially from those contained in the forward -looking statements. Such forward -looking statemen ts generally can be identified by the

use of forward -looking terminology, such as “remain,” “believe,” “outlook,” “expect,” “assume,” “assumed,” and similar terminolo gy. These risks and uncertainties

include factors such as (i) factors impacting consumer spending, including the current inflationary environment, general macr oeconomic conditions and rising interest

rates; (ii) any ongoing impact of the COVID -19 pandemic due to new variants or efficacy and rate of vaccinations, as well as rel ated measures taken by governmental or

regulatory authorities to combat the pandemic (iii) the possibility that the operational, strategic and shareholder value cre ation opportunities expected from the

separation and spin -off of the Aaron’s Business into what is now The Aaron’s Company, Inc. may not be achieved in a timely manne r, or at all; (iv) the failure of that

separation to qualify for the expected tax treatment; (v) the risk that the Company may fail to realize the benefits expected from the acquisition of BrandsMart U.S.A.,

including projected synergies; (vi) risks related to the disruption of management time from ongoing business operations due t o the BrandsMart U.S.A. acquisition; (vii)

failure to promptly and effectively integrate the BrandsMart U.S.A. acquisition; (viii) the effect of the BrandsMart U.S.A. a cquisition on our operating results and

businesses and on the ability of Aaron's and BrandsMart to retain and hire key personnel or maintain relationships with suppl iers; (ix) changes in the enforcement and

interpretation of existing laws and regulations and the adoption of new laws and regulations that may unfavorably impact our business; (x) legal and regulatory

proceedings and investigations, including those related to consumer protection laws and regulations, customer privacy, third party and employee fraud, and

information security; (xi) the risks associated with our strategy and strategic priorities not being successful, including ou r e-commerce and real estate repositioning

and optimization initiatives or being more costly than anticipated; (xii) risks associated with the challenges faced by our b usiness, including the commoditization of

consumer electronics, our high fixed -cost operating model and the ongoing labor shortage; (xiii) increased competition from trad itional and virtual lease -to-own