Agenda

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Presentation3

Investor Presentation:

June 2014

2

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.

3

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

4

Company Overview

Leading, nationally recognized retailer of high quality, primarily branded apparel

National footprint with 523 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 >4,500 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 FY13 net sales of $4.4 billion (7.2% y-o-y growth)1, Adjusted EBITDA of $384 million (15.6% y-o-y growth)1,

and Adjusted Net Income of $70 million (17.9% y-o-y growth)1

National Store Footprint

WA6

OR4

CA60

NV5

ID2

MT

WY

UT3

AZ9 NM

2

TX51

OK3

CO6 KS

6

NE1

SD

ND1 MN

5

IA2

MO7

WI9

IL28

IN12

MI17

OH19

AR2

LA9

MS2

AL7

TN 6

FL35

GA16

SC5

NC10

VA17

WVKY 4

PA27

NY34

VT

ME2 NH

2MA13

RI4CT

10NJ28

DE2MD

16

West74 Stores

Midwest111 Stores

Northeast122 Stores

Southeast137 Stores

Southwest79 Stores PR

12

AK2

Note: As of May 3, 20141 Reflects 52 weeks ended February 1, 2014 compared with the 53 weeks ended February 2, 2013

5

Women's Ready-to-Wear Apparel

24%

Accessories and Footwear 21%

Menswear19%

Youth Apparel / Baby 20%

Home8%

Coats8%

Company Overview (cont.)

FY13 Net Sales by Category ($4.4 billion)

Our core customer shops for her family as well as herself

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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, Accessories, 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

7

Large and Growing Off-Price Channel

2010 2011 2012 2013$15.0

$17.5

$20.0

$22.5

$25.0

$19.5

$21.1

$21.8

$22.5CAGR: 5.0%

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

(1.0%)

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

6.2%

5.0%

2.0%

(0.2%)

21

*The NPD Group, Inc. / Consumer Tracking Service; Apparel, Feb ‘10 to Jan ‘14

22

2010 – 2013 Off-Price Channel Apparel Sales ($bn)* 2010 – 2013 Apparel Sales CAGR (%)

1 FY 2010 – FY 2013 Apparel Sales2 The NPD Group, Inc. / Consumer Tracking Service; Apparel, Feb ‘10 to Jan ‘14

8

Recent Accomplishments

9

Transformation of Burlington Stores

Before After

10

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

11

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

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)

FY 2008 FY 2013

$551 (397 stores)

$260 (521 stores)

FY 2008 FY 2013

2.35x

3.97x 69% Improvement 53% Reduction

+14.6% in Q1 2014 vs. Q1

2013

27.0% reduction from Q1 2014 vs. Q1

2013

13

Invested in Technology and Systems to Drive Growth and Improve Efficiency

Right product to the right stores at the right time at the right price

Markdown optimization –

Right price

Planning and forecasting –

Right product

Business intelligence and product attribution –

Metrics and analytics

Allocation –

Right stores at the

right time

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

14

Introduced Program to Improve Customer Experience and Store Operations

Customer Experience Clean, well lit, easy to shop stores Improved navigation signage Well maintained fitting rooms Friendly associates Staffing commensurate with

customer traffic Fast, efficient checkout Friendly return / layaway policies

Store Execution Simplified merchandising Clear brand signage Sized fixtures Well executed clearance section Organized, recovered selling floor Fast movement of receipts to floor

Off-Price Excellence and Comp Store Sales Growth from Store Operations

15

Recent Initiatives Have Resulted in Improved Performance

FY 2008 FY 2009 FYE Shift¹ FY 2010 FY 2011 FY 2012 FY 2013² Q1 2014(6.0)

(4.0)

(2.0)

0.0

2.0

4.0

6.0

(5.1)

(2.5)

(4.8)

(0.2)0.7

1.2

4.7

2.7

Annual Comparable Store Sales Growth (%)

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 FY 20141Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q2 4Q2 1Q 2Q 3Q 4Q

(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 4.0 2.7

Quarterly Comparable Store Sales Growth (%)

1 Represents 35-week transition period from 5/30/2009 to 1/30/20102 Including Hurricane Sandy impacted stores, comps were 4.3% for 3Q13, 4.3% for 4Q13 and 4.9% for FY 2013

16

Growth Strategies

17

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

Expand Our Retail Store Base

Enhance Operating Margins

Optimize markdowns

Enhance purchasing power

Drive operating leverage

Open approximately 25 new stores per year

18

Financial Overview

19

Fiscal Q1 2014 Financial and Operating Highlights

Comp Store Sales Growth: Increased by 2.7%

Net Sales Growth: Increased by 5.9%

Gross Margin: Increased by 80 bps to 38.1%

Adj. EBITDA: Increased by 16.1% – represents a 70 bps improvement in Adj. EBITDA margin

Adj. Net Income: Increased by over 200%

Adj. EPS: Increased by over 200%

Comp Store Inventory Turnover: Increased by 14.6%

Net New Stores: Opened 2 new stores bringing our total store count to 523

Note: Reflects 13 weeks ended May 3, 2014 compared with the 13 weeks ended May 4, 2013

Q1 2014 results*

*For additional detail regarding Burlington Stores Q1 2014 results and forward looking guidance, please find the full earnings release, a webcast of our earnings call, and our 10Q filing with the SEC on the IR website – www.burlingtoninvestors.com

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Debt Profile

($ in millions) Before IPO (1-Oct-13) 3-May-14 xLTM EBITDA1

ABL $15 $0

Term Loan 862 825

Cap Leases 23 23

Total Senior Secured Debt $900 $848 2.14x

Senior Unsecured Notes 450 450

Senior Unsecured HoldCo Notes 344 69

Total Debt $1,694 $1,367 3.45x

Debt Profile

1 TTM adjusted EBITDA of $396.4mm

21

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* Second Quarter Fiscal 2014 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%+

Net Sales 5.0% - 6.0%

Comp Store Sales 2.0% - 3.0%

Adjusted EPS (using 73.7m basic share count) $(0.12) -$(0.09)

Net Sales 5.8% - 6.8%

Comp Store Sales 2.0% - 3.0%

Adjusted EBITDA Margin Rate 10-20 bps better than last year

Net Interest Expense ~$103 million

Effective Tax Rate for Adjusted Net Income

~40%

Adjusted EPS $1.25 - $1.35

Pro forma Fully Diluted Shares Outstanding

~75.5 million shares

Fiscal 2014 Outlook*

*For additional detail regarding Burlington Stores Q1 2014 results and forward looking guidance, please find the full earnings release, a webcast of our earnings call, and our 10Q filing with the SEC on the IR website – www.burlingtoninvestors.com

22

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 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 investment in our broad transformation is 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 25 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

23

Appendix

24

($ in millions) FY121 FY13 Q1 13 Q1 14

Net Income (Loss) $25.3 $16.2 ($5.6) $11.8

Net Favorable Lease Amortization 31.3 29.3 8.8 6.6

Costs Related to Debt Amendments & Offering 4.2 23.0 8.9 0.4

Loss on Extinguishment of Debt 2.2 16.1 0.0 3.7

Impairment Charges 11.5 3.2 0.0 0.0

Advisory Fees 4.3 2.9 1.1 0.1

Stock Option Modification Expense 0.0 10.4 0.0 0.8

Tax Effect (19.2) (30.9) (7.1) (4.8)

Adjusted Net Income $59.6 $70.2 $6.1 $18.6

Adjusted Net Income and Adjusted EBITDA Reconciliation

Historical Adjusted Net Income Reconciliation

Historical Adjusted EBITDA Reconciliation

1 53 weeks

($ in millions) FY121 FY13 Q1 13 Q1 14

Net Income (Loss) $25.3 $16.2 ($5.6) $11.8

Interest Expense, Net 113.8 127.5 34.3 26.6

Loss on Debt Extinguishment 2.2 16.1 0.0 3.7

Income Tax Expense (Benefit) 3.9 16.2 (3.1) 7.8

Depreciation and Amortization 166.8 168.2 44.0 41.2

Impairment 11.5 3.2 0.0 0.0

Advisory Fees 4.3 2.9 1.1 0.1

Stock Option Modification Expense 0.0 10.4 0.0 0.8

Costs Related to Debt Amendments & Offering 4.2 23.0 8.9 0.4

Adjusted EBITDA $332.0 $383.7 $79.6 $92.3