Agenda

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[ C L I E N T N A M E ]

Presentation3

Investor Presentation – January 2014

1

Forward Looking Statements

This presentation contains forward-looking statements that are based on current expectations, estimates, forecasts and projections about Burlington Stores, Inc.,

together with its consolidated subsidiaries including, without limitation, Burlington Coat Factory Warehouse Corporation and its operating subsidiaries

(“Burlington” or the “Company”), the industry in which we operate and other matters, as well as Burlington management’s beliefs and assumptions and other

statements regarding matters that are not historical facts. For example, when Burlington uses words such as “aim,” “project,” “projection,” “expect,” “forecast,”

“outlook,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “estimate,” “should,” “would,” “could,” “will,” “can,” “can have,” “likely,” “opportunity,” “potential” or “may,”

and the negatives thereof and variations of such words or other words that convey uncertainty of future events or outcomes, Burlington is making forward-looking

statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Burlington’s forward-looking

statements are subject to risks and uncertainties. Such statements include, but are not limited to, proposed store openings and closings, proposed capital

expenditures, projected financing requirements, proposed developmental projects, projected sales, earnings, revenues, costs, expenditures, cash flows, growth

rates and financial results, our plans and objectives for future operations, growth or initiatives, our strategies, Burlington’s ability to maintain selling margins, and

the effect of the adoption of any new accounting pronouncements on our consolidated financial position, results of operations and cash flows, and the expected

outcome or impact of pending or threatened litigation. Actual events or results may differ materially from the results anticipated in these forward-looking

statements as a result of a variety of factors. While it is impossible to identify all such factors, factors that could cause actual results to differ materially from those

estimated by Burlington include: competition in the retail industry, competitive factors such as pricing and promotional activities of major competitors, seasonality

of Burlington’s business, adverse weather conditions, changes in consumer preferences and consumer spending patterns, import risks, inflation, general

economic conditions, unforeseen computer related problems, unforeseen material loss or casualty, regulatory changes, our relationship with our employees, the

impact of current and future law, terroristic attacks, natural and man-made disasters, Burlington’s ability to implement its strategy, its substantial level of

indebtedness and related debt-service obligations, restrictions imposed by covenants in its debt agreements, availability of adequate financing, its dependence

on vendors for its merchandise, events affecting the delivery of merchandise to its stores, existence of adverse litigation, availability of desirable locations on

suitable terms, and other risks discussed from time to time in the filings of Burlington and Burlington Coat Factory Investments Holdings, Inc. with the Securities

and Exchange Commission.

Many of these factors are beyond Burlington’s ability to predict or control. In addition, as a result of these and other factors, Burlington’s past financial

performance should not be relied on as an indication of future performance. The cautionary statements referred to in this section also should be considered in

connection with any subsequent written or oral forward-looking statements that may be issued by Burlington or persons acting on its behalf. Burlington

undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as

required by law. In light of these risks and uncertainties, the forward-looking events and circumstances discussed in this presentation might not occur.

Furthermore, Burlington cannot guarantee future results, events, levels of activity, performance or achievements.

2

Investment Highlights

Leading destination for on-trend, branded merchandise at a great value

Vision for growth and accelerating momentum

Flexible off-price sourcing and merchandising model

Attractive store economics and white space

Proven management and merchant team with extensive retail experience

3

Company Overview

Leading, nationally recognized retailer of high

quality, primarily branded apparel

National footprint with 521 stores, inclusive of its

online store, in 44 states and Puerto Rico

Extensive selection of quality brands, on-trend, at

great value

Feature merchandise from approximately 4,000

vendors, with a focus on major nationally-

recognized brands

Every Day Low Price (“EDLP”) model with

savings up to 60-70% off department and

specialty store regular prices

Consistent operating performance, generating LTM

3Q FY13 net sales of $4.4 billion (7.6% y-o-y

growth)1, and Adjusted EBITDA of $365 million

(19.7% y-o-y growth)1

Store Footprint (521 stores)

WA

6

OR

4

CA

59

NV

5

ID

2

MT

WY

UT

3

AZ

9 NM

2

TX

51

OK

3

CO

6 KS

6

NE

1

SD

ND

1 MN

5

IA

2

MO

7

WI

9

IL

28 IN

12

MI

17

OH

19

AR

2

LA

9

MS

2

AL

7

TN 6

FL

35

GA

16

SC

5

NC

10

VA

17 WV

KY 4

PA

27

NY

39

VT

ME

2 NH

2 MA

13 RI

4 CT

10 NJ

28 DE

2 MD

15

West

73 Stores

Midwest

111 Stores

Northeast

122 Stores

Southeast

136 Stores

Southwest

79 Stores PR

12

AK

2

1 Reflects 52-week year for FY 2012 Note: As of November 2, 2013

4

Women's Ready-to-Wear 23%

Accessories and Footwear

21%

Menswear 20%

Youth Apparel / Baby 20%

Coats 8%

Home 8%

Company Overview (cont.)

LTM 3Q FY13 Net Sales by Category ($4.4 billion)

Our core customer shops for her family as well as herself

5

Provides customers the value inherent in true EDLP, but with much more product,

category depth and variety than our off-price competitors

Differentiated Off-Price Business Model

Moderate Department Store

50,000 - 80,000 sq. ft.

Men’s, Ladies and

Children’s Apparel, Baby Products, Family

Footwear, Linens and

Home Décor

Premium and

moderate national brands

EDLP / Off-Price

Substantial in-season liquidity to capitalize

immediately on trends and opportunistic

buys

Younger (~39 years old)

~$64K avg. income

Store Size

Product

Breadth

Brands

Pricing

Strategy

Sourcing /

Vendors

Customers

Broad apparel range

with more depth

in available items

Moderate brands,

private label

Highly promotional

Pre-season sourcing strategy, limited

flexibility, margin guarantees / promotional

allowances

Older (~45 years old)

~$78K avg. income

Typically > or =

80,000 sq. ft. 30,000 sq. ft.

Similar product categories to Burlington but

less depth within each category (smaller

stores)

Premium and

moderate national brands

EDLP / Off-Price

More reliance on packaway merchandise

(Ross) and pre-season cuttings (TJX)

Younger (~39 years old)

~$77K avg. income

Other Large Off-Price Retailers

6

Large and Growing Off-Price Channel

$19.7

$21.3

$21.8

$15.0

$17.5

$20.0

$22.5

$25.0

2010 2011 2012

6.1%

5.4%

2.4%

0.5%

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

Off-Price US Retail Dep. Store/ Ntn'l Chain

2

1

Source: NPD Group

3 2

2010 – 2012 Off-Price Channel Sales ($B) 2010 – 2012 Sales CAGR (%)

1 FY 2010 – FY 2012 2 NPD Group 3 Euromonitor store-based retail

7

Recent Accomplishments

8

Transformation of Burlington

Before After

9

Significant Investments in People, Processes and Systems to Transform Our Business

Since hiring Tom Kingsbury as President and CEO in December 2008, we have:

Assembled a talented, experienced management and merchandising team

Refined our off-price model through improved buying and inventory management

Invested in technology and systems to drive growth and improve efficiency

Built a data-driven testing culture to ensure successful rollout of new initiatives

Transformed the marketing model and sharpened focus on our core female customer

Introduced program to improve customer experience and store operations

Refreshed existing and expanded new store base

Enhanced real estate underwriting and new store selection process

We believe that we are in the early stages of realizing the return on these investments

10

Refined Our Off-Price Model Through Improved Buying and Inventory Management

Deliver VALUE through

Fashion, Quality, Brand and Price

(FQBP)

Minimal pre-season purchasing –

Staying liquid

In-season closeouts

Flexible floor sets –

Allocate square footage and

buying dollars to strongest categories

Rejuvenated pack and hold program –

Seasonal deals from highly

desirable national brands

Shallow and broad assortments –

More selection

More categories

Off-price excellence and comparable store sales growth from better buying

11

Refined Our Off-Price Model Through Improved Buying and Inventory Management (cont.)

(5.1)

(2.5)

(4.8)

(0.2)

0.7 1.2

5.0

-6.0

-4.0

-2.0

0.0

2.0

4.0

6.0

FY 2008 FY 2009 FYE Shift¹ FY 2010 FY 2011 FY 2012 9 Mos. FY 2013

Annual Comparable Store Sales Growth (%)

1 Represents 35-week transition period from 5/30/2009 to 1/30/2010

Tom takes over as CEO

Build merchant team

Ongoing comp improvement

Define buying model

FY 2008 FY 2009 FYE Shift FY 2010 FY 2011 FY 2012 FY 2013 YTD

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3

(2.0) (8.0) (6.0) (2.0) 0.2 (2.1) (4.3) (2.3) 3.3 0.3 (5.6) 1.2 0.5 4.0 1.5 (1.7) 0.6 2.9 2.1 (0.3) 3.4 7.8 3.9

Quarterly Comparable Store Sales Growth (%)

12

Refined Our Off-Price Model Through Improved Buying and Inventory Management (cont.)

Improved Comparable Store Inventory Turnover Reduced Inventory Aged 91 Days and Older ($MM)

$551

$315

FY 2008 FY 2012

2.35x

3.57x

FY 2008 FY 2012

+12% in

9 Mos. FY 2013

vs. 9 Mos. FY

2012

17% reduction

from Oct’12

EOM to Oct’13

EOM

13

Growth Strategies

Drive Comparable

Store Sales Growth

Continue to enhance execution of the off-price model

Improve merchandise localization

Increase sales of Women’s Apparel, Shoes and Accessories

Grow our Home business

Introduce a new marketing campaign in Fall 2013

Expand Our Retail

Store Base

Enhance Operating

Margins

Optimize markdowns

Enhance purchasing power

Drive operating leverage

Open approximately 25 new stores per year

14

Recent Financial and Operating Highlights

IPO: Successfully commenced IPO on October 2, 2013. Offered 15.3 million primary

shares at $17.00

Comp Store Sales

Growth: Increased by 3.9% in 3Q FY13 and by 5.0% in 9 Mos. FY 2013

Net Sales Growth: Increased by 10.0% y/y in 3Q FY13 and by 9.9% in 9 Mos. FY 2013

Gross Margin: Increased by 40 bps y/y to 39.0% in 3Q FY13 and by 50 bps in 9 Mos. FY 2013

Adj. EBITDA: Increased 28.3% y/y in 3Q FY13 – represents an 80 bps improvement in Adj.

EBITDA margin. Increased 33.6% y/y, or 110 bps, in 9 Mos. FY 2013

Net New Stores: Opened 23 new stores and closed two existing stores since February 2, 2013,

bringing our total store count to 521 at the end of 3Q FY13

15

Financial Overview

16

($ in millions) FY 2010 FY 2011 FY 2012¹ 1Q FY13 2Q FY13 3Q FY13

9 Mos.

FY 2013

9 Mos.

FY 2012

Net New Stores Opened 18 17 23 3 0 18 21 20

Total Number of Stores 460 477 500 503 503 521 521 497

Comparable Store Sales Growth (0.2%) 0.7% 1.2% 3.4% 7.8% 3.9% 5.0% 1.8%

Net Sales $3,670 $3,854 $4,077 $1,065 $964 $1,065 $3,093 $2,814

% growth 4.2% 5.0% 5.8% 8.4% 11.5% 10.0% 9.9% 7.4%

Adjusted EBITDA $308 $315 $331 $80 $47 $62 $189 $141

% margin² 8.4% 8.2% 8.1% 7.5% 4.9% 5.9% 6.1% 5.0%

% growth 13.7% 2.2% 5.2% 22.8% 68.1% 28.3% 33.6% 1.1%

Comparable Store Inventory Turnover 2.9x 3.1x 3.6x - - - - -

Summary of Recent Financial Performance

1 52 weeks

2 Adjusted EBITDA margin for 1Q FY12, 2Q FY12, and 3Q FY12 were 6.6%, 3.2% and 5.0%, respectively

Recent Financial Performance

17

($ in millions) FY 2008 FY 2012¹ 9 Mos. FY 2012 9 Mos. FY 2013 Change

Comparable Store Sales Growth (5.1%) 1.2% 1.8% 5.0%

Net Sales Growth (vs. Prior Year) (0.3%) 5.8% 7.4% 9.9%

Gross Margin 38.3% 38.7% 37.5% 38.0%

Selling & Administrative Expense as % of

Net Sales 32.1% 31.7% 33.6% 32.9%

Adjusted EBITDA Margin 7.5% 8.1% 5.0% 6.1%

3-Year Adjusted EBITDA Growth CAGR (2.3%) 6.9% – –

Inventory Turnover 2.4x 3.2x – –

Off-Price Excellence: Financial Metrics

1 52 weeks

Financial Metrics

18

Before IPO 2-Nov-13 xLTM EBITDA[1,2]

ABL $15.0 $38.0

Term Loan 862.0 860.3

Other Debt / Cap Leases 23.6 23.4

Total Senior Secured Debt $900.6 $921.7 2.43x

Senior Unsecured Notes 450.0 450.0

Senior Unsecured HoldCo Notes[2] 343.7 122.2

Total Debt $1,694.3 $1,493.9 3.94x

Debt Profile

Debt Profile

1 LTM 3Q FY13 adjusted EBITDA of $379.0MM

2 $221.8MM of HoldCo Notes redeemed on November 7,2013, with proceeds of October IPO transaction xLTM EBITDA of 3.94x adjusted for

November redemption

19

Long-Term Financial Objectives

These objectives are forward-looking, are subject to significant business, economic, regulatory and competitive uncertainties and contingencies, many of which are beyond the control of the

Company and its management, and are based upon assumptions with respect to future decisions, which are subject to change. Actual results will vary and those variations may be material. For

discussion of some of the important factors that could cause these variations, please consult the “Risk Factors” section of the preliminary prospectus. Nothing in this presentation should be regarded

as a representation by any person that these objectives will be achieved and the Company undertakes no duty to update its objectives

Long-Term Financial Objectives Fourth Quarter Fiscal 2013 Outlook

Annual Store Growth 25 per year

Annual Comparable Store Sales Growth 2.0% - 3.0%

Annual Net Sales Growth 6.0% - 6.5%

Annual Adjusted EBITDA Margin

Expansion

10 – 20 bps

Annual Adjusted Net Income Growth 20%+

Fourth Quarter Comp Store Sales 2.0% - 3.0%

Adjusted EBITDA Margin Rate 30-40 bps

better than last

year

Net Interest Expense ~$128 million

Effective Tax Rate for Adjusted Net

Income

~41%

Pro forma Fully Diluted Shares

Outstanding

~74.8 million

shares

Fiscal 2013 Outlook

20

Investment Highlights

Leading Destination

for On-Trend,

Branded

Merchandise at a

Great Value

Broad merchandising assortment provides customers with a wide range of choices

Limited number of units per style fosters a sense of scarcity and urgency, and frequent arrival of new merchandise encourages

customers to return to stores regularly

Savings to customer of up to 60-70% off department and specialty store regular prices

EDLP approach eliminates the need to wait for sales, use coupons or participate in loyalty programs to realize savings

Vision for Growth,

and Accelerating

Momentum

We have a vision for growth and clear strategies which pave the way for growth in comp sales, expansion of our retail store

base, and leverage for our operating margins

Much of the work and investment in our broad transformation are behind us

Our recent results demonstrate the growing momentum in our business

Flexible Off-Price

Sourcing and

Merchandising

Model

Ability to buy more in-season product to capitalize on strong performing categories

Preserves option to take advantage of highly desirable opportunistic product in the marketplace

Ability to allocate additional square footage to the strongest performing categories and items

Attractive Store

Economics & White

Space

New stores have an average payback period of less than three years

Over 98% of stores are profitable on a store-level cash flow basis

Successful across geographic regions, population densities, store footprints and real estate settings

Significant white space for growth with potential for approximately 1,000 stores, expanding in both existing and new markets

Proven Management

and Merchant Team

with Extensive

Retail Experience

Median experience of 24 years in the retail industry, median tenure of five years with Burlington

Complementary experiences across a broad range of disciplines, including at other leading off-price retailers