Investor Presentation - Barnes & Noble, Inc.

Role and Process Make us Relevant to CampusBuying decisions are made on a campus‐by‐campus basisWe collect 2.5 million adoptions representing 208,000 titlesfrom over 8,000 publishersOnly 300 of these titles had chain‐wide sales of 5,000 units ormore and 21% of these titles were “custom” publicationsunique to the campusWe are the original just‐in‐time model with no warehousesUnsold new textbooks and used textbooks are returnable topublishers and MBS Textbook Exchange, Inc. respectively48