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  "documentTitle": "Kroger | Mergers and Acquisitions Presentation Deck | 26 slides",
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  "authorName": "Kroger",
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  "presentationDate": "2022-10-01 00:00:00",
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  "notes": "The slide uses a split layout with bulleted financial highlights on the left and a primary TSR growth callout on the right.",
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      "kind": "callout",
      "text": "Expects to deliver TSR well above Kroger's standalone 8 – 11% during first four years post-close",
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      "text": "On a combined basis, delivered approximately $210 billion in revenue, $11.6 billion of adjusted EBITDA, and $3.3 billion in net earnings in fiscal year 2021. Expects to be accretive to earnings in first full-year post-close. Expects to be double digit accretive by year four. Continue strong free cash flow generation; 30% accretive to total annual free cash flow by year four.",
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      "text": "(1) EPS Accretion excludes one-time costs. Note: Pro forma results as presented in this slide represent the combined Kroger and Albertsons FY 2021 results and are not intended to represent pro forma financials under Section 11 of Regulation S-X under the Securities Exchange Act of 1934, as amended. See Appendix for reconciliation of historical non-GAAP measures.",
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      "text": "Compelling Value Creation Opportunity",
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