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4th Quarter

FY 2018

Certain information contained in this document constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. For these purposes, forward-looking statements are statements that address activities, events, conditions or developments that the Company expects or anticipates may occur in the future. Such forward-looking statements involve risks and uncertainties that may cause actual events, results or performance to differ materially from those indicated by such statements. These risks and uncertainties include, but are not limited to, domestic and international economic conditions, including exchange rates, the effects of competition and regulation, uncertainties in the financial markets, consumer and small business spending patterns and debt levels, conditions affecting the acquisition, development, ownership or use of real estate, actions of vendors, rising costs associated with employees (including health care and workers’ compensation costs), rising costs associated with the acquisition of merchandise (including the direct and indirect effects of the rising cost of petroleum-based products and fuel and energy costs), geopolitical conditions and other risks identified from time to time in the Company’s public statements and reports filed with the Securities and Exchange Commission. The statements and information in the presentation are current only as of its date, and we do not undertake to subsequently update them.

Bonney Lake, WA

Monterey Park, CA (NRL)

Minneapolis, MN Bus. Ctr

Eastvale, CA

Ukiah, CA

N Spokane, WA (NRL)

Thorncliffe Park, ON

McKinney, TX

Pflugerville (NE Austin), TX

Mt. Pleasant, SC

Woodstock, GA

Nisku, AB

Villahermosa, MX

Epping, AUS

Sejong, KO

Costco Today

• 3rd Largest Global retailer

• 15th Largest in Fortune 500

• $98 Billion market cap

Costco Today

• Sales $138.4B – FY’18

• 110.5M Sq. Ft. (145K / whse.)

• 243K employees worldwide

762 Warehouses Worldwide

Costco Today

527 - U.S. 13 - Taiwan

100 - CN 10 - Australia

39 - Mexico 2 - Spain

28 - UK 1 - Iceland

26 - Japan 1 - France

15 - Korea

Costco Today

Members:

• 51.6M households

• 94.3M total cardholders

• 90% renewal rate (U.S. & CN)

• $3.1B in cash fees (LTM)

Fiscal Year

2017 2018

Sales $126,172 $138,434

Gross Margin 11.33% 11.04%

Membership 2.26% 2.27%

SG&A 10.26% 10.02%

Operating Inc. $4,111 $4,480

Net Income $2,679 $3,134

E.P.S $6.08 $7.09

4th Quarter (MM$)

2017 2018

Sales $41,357 $43,414 +5%

Operating Income $1,449 $1,447 0%

Net Income $919 $1,043 +13%

E.P.S. $2.08 $2.36 +13%

Wine Department

FY’18 Meat Sales $7.4B

FY’18 Bakery Sales $1.7B

FY’18 Produce Sales $7.1B

Sourcing from 44 countries

Optical

Food Court

Hearing Aids

Car Wash

Tire Center

Financial Position (M’s)

Q4, FY’18

Cash & Equivalents $6,055

Long Term Debt $6,487

Stockholders’ Equity $12,799

Property & Equipment (net) $19,680

Dividends

• Initiated May 2004 at $0.40

• Currently at $2.28

• Compound Annual Growth Rate 13%

• $1.0B Annually

4th Quarter

FY 2018