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Annual Meeting of Stockholders
             June 25, 2008




1
Forward-Looking and
             Cautionary Statement
    This is an oral presentation which is accompanied by slides. Inv...
Mary Sammons
    Chairman, President & CEO
3
Completed the
Brooks Eckerd Acquisition
Completed the
    Brooks Eckerd Acquisition




5
A Stronger National Drugstore
           Chain with 5,000 Stores




    Rite Aid is the Largest Drugstore Chain in the
  ...
Strong Position in 73% of
    Our Major Markets
New York        Raleigh       Norfolk
Los Angeles     Lexington     Roches...
Strong Position in 73% of
      Our Major Markets
Hartford          Binghamton    Erie
Louisville        Monterey      Whe...
Benefits of the Acquisition
    ► Enhanced    competitive position
    ► Strong East coast market share
    ► Expected to ...
Great Progress Integrating
     Acquired Stores
► Integrated six new distribution centers
► Rite Aid assortments, private ...
Improved Performance
    of Core Stores
► Same  store sales increased by 1.3%
► Pharmacy same store sales growth at 1.7%
►...
New Store Development
 Continued
120 New Customer World Stores
Increased Management
 Depth of Senior Team




 Rob Easley         Brian Fiala
Chief Operating    Executive VP,
          ...
Successfully Complete the
     Integration




14
Our Progress to Date
     ► Systems   conversions complete
     ► Field management alignment complete
     ► Nearly all st...
What We’re Hearing
     “I like the appearance of the store. It is much
     more open, wider and inviting.”
     “They ar...
Sales Trends Improving
     in Acquired Stores




17
Closing the Gap
in Critical Categories
Closing the Gap
     in Critical Categories




19
Closing the Gap
in Critical Categories
Private Brand Penetration
     Improving




21
Increase Productivity
in ALL Stores
Focused on the
     Customer Experience




23
Our Health and Wellness Vision




24
Leader in Diabetes Care




25
Health Condition
     Marketing Programs




26
Immunizations




27
More In-Store Clinics




28
Capitalize on Success
     of Living More




29
Increase Industry Leading
     Generic Dispense Rate




30
Focus on Compliance

             Prescriptions x100




Source: IMS Health
31
Free Rite Aid Rx Savings Card

           ► Pilotin Michigan stores
           ► Savings on 10,000
             prescripti...
Aggressive Acquisition/
     File Buy Program




33
“Fill Up & Fuel Up”




34
Rite Aid Brand Sales Growth




35
Upgraded Photo Departments




36
More GNC Departments




37
Effectively Control Expenses


     A “Frugal” Mentality




38
New Store Development
     Continues




      85 new and relos for fy’09
39
Being Caring Neighbors




40
Building our Future




41
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rite aid _share holders

  1. 1. Annual Meeting of Stockholders June 25, 2008 1
  2. 2. Forward-Looking and Cautionary Statement This is an oral presentation which is accompanied by slides. Investors are This is an oral presentation which is accompanied by slides. Investors are urged to review Rite Aid’s SEC filings. urged to review Rite Aid’s SEC filings. During today’s presentation forward-looking statements may be made. During today’s presentation forward-looking statements may be made. Such statements are subject to certain risks and uncertainties that could Such statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those expressed or implied in cause actual results to differ materially from those expressed or implied in the forward-looking statements. Consequently, all forward-looking the forward-looking statements. Consequently, all forward-looking statements made during this presentation are qualified by those risks, statements made during this presentation are qualified by those risks, uncertainties and other factors. uncertainties and other factors. Please reference Rite Aid’s SEC filings, which are available on its web site, Please reference Rite Aid’s SEC filings, which are available on its web site, for a detail description of factors that could cause actual results to differ for a detail description of factors that could cause actual results to differ materially from those expressed or implied in such forward-looking materially from those expressed or implied in such forward-looking statements. statements. Also during today’s presentation, a non-GAAP financial measure is Also during today’s presentation, a non-GAAP financial measure is referenced. The definition and purpose for using this measure and referenced. The definition and purpose for using this measure and historical and prospective reconciliations to the GAAP measure historical and prospective reconciliations to the GAAP measure are in our Form 8-K we furnished to the SEC which is available are in our Form 8-K we furnished to the SEC which is available on Rite Aid’s web site. on Rite Aid’s web site. 2
  3. 3. Mary Sammons Chairman, President & CEO 3
  4. 4. Completed the Brooks Eckerd Acquisition
  5. 5. Completed the Brooks Eckerd Acquisition 5
  6. 6. A Stronger National Drugstore Chain with 5,000 Stores Rite Aid is the Largest Drugstore Chain in the Eastern US and the 3rd Largest in the Country 6
  7. 7. Strong Position in 73% of Our Major Markets New York Raleigh Norfolk Los Angeles Lexington Rochester Pittsburgh Sacramento Charleston WVA Philadelphia San Diego Lansing Detroit Seattle Toledo Boston Spokane Burlington Atlanta Bakersfield Riverside CA Baltimore Providence Richmond Washington DC Portland OR Santa Barbara Buffalo Portland ME Harrisburg
  8. 8. Strong Position in 73% of Our Major Markets Hartford Binghamton Erie Louisville Monterey Wheeling Albany NY Redding Youngstown Albany GA Parkersburg Johnstown Greensboro Syracuse Wilkes-Barre Grand Rapids Flint Medford Fresno Bangor Greenville- Charlottesville Utica New Bern Greenville- Yakima Spartanburg Charlotte
  9. 9. Benefits of the Acquisition ► Enhanced competitive position ► Strong East coast market share ► Expected to accelerate revenue and earnings growth ► Expected annual net cost savings of approximately $300 million on a full run-rate basis ► Potential to further realize additional cost savings and revenue synergies 9
  10. 10. Great Progress Integrating Acquired Stores ► Integrated six new distribution centers ► Rite Aid assortments, private brand in all 1,800+ stores ► Replaced systems in 2/3 of the stores ► 20% of minor remodels completed ► Consolidated back office functions like payroll and accounting ► Delivered more cost savings synergies, than originally expected
  11. 11. Improved Performance of Core Stores ► Same store sales increased by 1.3% ► Pharmacy same store sales growth at 1.7% ► Front end same store sales up 0.7% ► Customer satisfaction improved
  12. 12. New Store Development Continued 120 New Customer World Stores
  13. 13. Increased Management Depth of Senior Team Rob Easley Brian Fiala Chief Operating Executive VP, Store Operations Officer
  14. 14. Successfully Complete the Integration 14
  15. 15. Our Progress to Date ► Systems conversions complete ► Field management alignment complete ► Nearly all stores in close proximity combined ► Minor remodels complete in almost 70% of acquired stores On Track to Complete the Integration by October! 15
  16. 16. What We’re Hearing “I like the appearance of the store. It is much more open, wider and inviting.” “They are clean, organized and have a larger selection.” “I don’t have to wait for my prescriptions.” “Now I can find the stuff I need quickly.” “It’s easier to find make-up and over the counter medicine. The make-up is better organized with more selection.” 16
  17. 17. Sales Trends Improving in Acquired Stores 17
  18. 18. Closing the Gap in Critical Categories
  19. 19. Closing the Gap in Critical Categories 19
  20. 20. Closing the Gap in Critical Categories
  21. 21. Private Brand Penetration Improving 21
  22. 22. Increase Productivity in ALL Stores
  23. 23. Focused on the Customer Experience 23
  24. 24. Our Health and Wellness Vision 24
  25. 25. Leader in Diabetes Care 25
  26. 26. Health Condition Marketing Programs 26
  27. 27. Immunizations 27
  28. 28. More In-Store Clinics 28
  29. 29. Capitalize on Success of Living More 29
  30. 30. Increase Industry Leading Generic Dispense Rate 30
  31. 31. Focus on Compliance Prescriptions x100 Source: IMS Health 31
  32. 32. Free Rite Aid Rx Savings Card ► Pilotin Michigan stores ► Savings on 10,000 prescription drugs ▪ 400 generics at $8.99 for 30 days; $15.99 for 90 days ▪ 20% discount on most other generics, most brands ▪ 10% off Rite Aid private brand, including 1,500+ over the counter medications 32
  33. 33. Aggressive Acquisition/ File Buy Program 33
  34. 34. “Fill Up & Fuel Up” 34
  35. 35. Rite Aid Brand Sales Growth 35
  36. 36. Upgraded Photo Departments 36
  37. 37. More GNC Departments 37
  38. 38. Effectively Control Expenses A “Frugal” Mentality 38
  39. 39. New Store Development Continues 85 new and relos for fy’09 39
  40. 40. Being Caring Neighbors 40
  41. 41. Building our Future 41

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