#1Caesarstone Investor Presentation November 2023 caesarstone#2DISCLAIMER caesarstone Information provided in this presentation may contain statements relating to current expectations, estimates, forecasts and projections about future events that are "forward looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements also may relate to the Company's plans, objectives and expectations for future operations, including the potential duration and the impact of the current war in Israel on our business and operations located in Israel as well as the effects on our global operations, estimations relating to the restructuring plan, the closure of the Sdot Yam Facility, the estimated closure costs and the estimated potential savings relating to the facility closure, the ability to sublease all or part of the facility covered by the long-term non-cancellable lease agreement, the impact of the COVID-19 pandemic and mitigation measures in connection thereto, and expectations of the results of the Company's business optimization initiatives. These forward-looking statements are based upon management's current estimates and projections of future results or trends. Actual results may differ materially from those projected as a result of certain risks and uncertainties, both known or unknown. These factors include, but are not limited to: the implementation of the proposed restructuring plan, the closure of the Sdot Yam Facility, the estimated closure costs and ability to realize potential savings relating to the closure, the ability to sublease all or part of the facility covered by the long-term non- cancellable lease agreement, the impact of the COVID-19 pandemic on end-consumers, the effects of global economy and geo-politics on the Company's business and operations; managing constraints in the global supply chain, raw material shortages, increased prices and effects of challenges in global shipping and transportation; Company's ability to pass all or some of these increases to its customers; the strength of the home renovation and construction sectors; intense competitive pressures; disruptions to our information technology systems globally, including by deliberate cyber-attacks; the degree of the Company's ability to develop, produce and deliver high quality and safe products; fluctuations in currency exchange rates against the U.S. Dollar; Company's ability to raise funds to finance our current and future capital needs; Company's ability to build-out and expand into certain markets and successfully integrate our acquisitions; the Company's ability to effective manage its relationship with key suppliers; the outcome of silicosis and other bodily injury claims; regulatory requirements relating to hazards associated with our operations and products; efficiently manufacturing our products and managing changes in production and supply chain; economic conditions within any of our key existing markets; the success of our expansion efforts in the United States; the extent of the Company's ability to meet its ESG goals and targets, management of GHG and other emissions; the impacts of conditions in Israel, such as negative economic, labor or geopolitical events; the unpredictability of seasonal fluctuations in revenues; disturbances to the Company's operations or the operations of its suppliers, distributors, customers or other third parties and other factors, risks and uncertainties discussed under the sections "Risk Factors" and "Special Note Regarding Forward-Looking Statements and Risk Factor Summary" in our most recent annual report on Form 20-F filed with the Securities and Exchange Commission (the "SEC") on March 15, 2023, and in other documents filed by Caesarstone with the SEC, which are available free of charge at www.sec.gov. These forward looking statements are made only as of the date hereof, and neither the Company, nor any of its respective agents, employees or advisors intend, undertake or have any duty or obligation to supplement, amend, update or revise any of the forward looking statements contained in this presentation, whether as a result of new information, future events or otherwise. The information and opinions contained in this document are provided as at the date of this presentation and are subject to change without notice. This presentation includes certain non GAAP measures, which should all be considered in addition to, and not as a substitute for, comparable GAAP measures. A reconciliation of GAAP net income to adjusted EBITDA, reconciliation of GAAP gross profit to adjusted gross profit, and adjusted net income are provided below. To calculate revenues growth rates that exclude the impact of changes in foreign currency exchange rates, the Company converts actual reported results from local currency to U.S. dollars using constant foreign currency exchange rates in the current and comparable period. The Company provides these non GAAP financial measures because it believes that they present a better measure of the Company s core business and management uses the non GAAP measures internally to evaluate the Company s ongoing performance. Accordingly, the Company believes that they are useful to investors in enhancing an understanding of the Company s operating performance. However these measures should not be considered as substitutes for GAAP measures and may be inconsistent with similar measures presented by other companies. Investor Presentation 2023 2#3COMPANY OVERVIEW Leading designer and producer of Premium multi-material engineered surfaces used in residential and commercial projects High Quality Premium Products Multi Material Quartz countertop inventor and pioneer of quartz category expansion via powerful Caesarstone® brand +100 Models of quartz and porcelain Strong Established, Global Premium Brand Customer-centered approach built on culture of safety and high-quality reputation Global Reach +50 Countries 3 Production sites in Israel, U.S and India Strong Growth Platform -$691M caesarstone Revenues in fiscal 2022 (Growth of 7.3% (10.8% on CCB) Vs. 2021) ~$52M Adj. EBITDA¹ in 2022 CSTE Our stock is traded on NASDAQ Investor Presentation 2023 1 A reconciliation of GAAP metrics to non-GAAP metrics is included at the end of this presentation 3#4OUR MISSION caesarstone To be the first brand of choice for countertops all around the world Investor Presentation 2023#5ESTABLISHED ESG VISION AND FRAMEWORK Our success is tightly linked to how well we take care of our customers, employees, communities, and planet. We are commited to Sustainable Products Developing environmentally friendly and low- silica products with a lifetime warranty. Environmentally Responsible Production Reducing our carbon footprint, reducing styrene emissions, increasing our use of renewable energy, reducing water use, and reducing waste. Health & Safety Achieving a world class Health & Safety system, aligned with our global plan for a best practice approach in our facility practices and processes. Social Responsibility Acting in a socially responsible manner and having a positive impact across the value chain, including for our employees, suppliers, customers, and the communities we operate in. Investor Presentation 2023 5#6STRATEGIC PILLARS BOOST LONG TERM PROFITABLE GROWTH 1. Premium material, surface player 2. Global footprint expansion 3. Operational Excellence Investor Presentation 2023 Ocaesarstone 6#7PREMIUM MATERIAL OFFERING Transforming materials into innovative countertops with Caesarstone's engineering know-how, craftsmanship and care Investor Presentation 2023 Quartz Porcelain caesarstone 7#8R&D CAPABILITIES One step ahead of the competition with our unique skills and decades of experience - Innovation, technology, design, research +100 of Quartz and Porcelain top of the line portfolio Investor Presentation 2023 Unique concrete design Introducing the industrial trend 1st in market Groundbreaking new segment to the engineered stone industry Outdoor collection 1st in market Innovative veining technology Supernatural collection 1st in market Revolutionary industrial Tech, Design & finish Metropolitan collection Porcelain collection Launch A leap in technology, functionality & design 2012 2014 2017 2020 2022 8#9CAESARSTONE PREMIUM MATERIAL COLLECTIONS Design trendsetter powered by proprietary in-house technology 6011 Intense White 5151 Empira White 4044 Airy Concrete 405 Midday caesarstone Classico A classic, multi-color collection ranges from salt-and-pepper motifs to vivid color blends Supernatural Luxurious marble & stone designs inspired by nature Metropolitan Inspired by the trend of raw industrial design Outdoor Inspired by outdoor culture and trends, with breakthrough proprietary technology Porcelain Breakthrough designs with striking colours, bolder veins, palpable textures, and magnified patterns Investor Presentation 2023 9#10SUPERIOR VALUE PROPOSITION Quartz & Porcelain Scratch Resistant Stain Resistant Heat Resistant ① Enduring Quality ♡ Easy to Clean Hygienic Nonporous Environmentally Friendly Quartz Porcelain Durable Impact Resistant Extreme Heat Resistant Indoor & Outdoor Investor Presentation 2023 10#11LARGE & ATTRACTIVE ADDRESSABLE MARKET We increased our addressable market through penetration of new product categories 1 Source: Freedonia March 2023 study (End user prices) Investor Presentation 2023 Material Segmentation Sales 2022 (By Value) Granite 28% Marble 7% Laminate 8% $160B1 Global Counter-top Market Solid Surface 24% Porcelain 2% Other 13% Engneered Quartz 18% caesarstone 11#12- U.S. OUR PRIMARY MARKET AND OPPORTUNITY Accelerated growth of Quartz & Porcelain market share in the fastest growing countertop market USA Total Market Size (By Value) Countertop Demand by Material (% Volume, $ Value¹) 80.9M SQM ($38.1B1) Marble ($2.7B) Laminates 25% 1 Source: Freedonia March 2023 study (End user prices) Investor Presentation 2023 2022-2026 CAGR (By Volume) Granite ($7.1B) 6% 14% Total Laminates -1.5% Solid Surfaces 21% Engineered Quartz ($10.1B) Other 3% 20% Other 11% Granite -0.3% Marble Porcelain ($1.8B) Engineered Quartz Solid Surfaces Porcelain 0.1% 4.0% 2.5% 3.8% 6.3% caesarstone 12 22.8%#13STRATEGIC PILLARS BOOST LONG TERM PROFITABLE GROWTH 1. Premium material, surface player 2. Global footprint expansion 3. Operational Excellence Investor Presentation 2023 Ocaesarstone 13#14OUR GLOBAL PRESENCE Our products are available worldwide in more than 50 countries CANADA UK USA Caesarstone Direct Sales Caesarstone Distributors Caesarstone Factories Strategic manufacturing partners- multiply sites Investor Presentation 2023 caesarstone Revenue 2022 AMERICAS 63.7% APAC CHINA 21.8% JISRAE INDIA EMEA 9.2% SINGAPORE AUSTRALIA ISRAEL 5.3% 14#15STRATEGIC PILLARS BOOST LONG TERM PROFITABLE GROWTH 1. 2. 3. Premium material, Global surface player footprint expansion Operational Excellence Investor Presentation 2023 Ocaesarstone 15#16Actions Taken and Focus Areas for 2023 Global restructuring plan aiming to improve cash position, and to support company's long term goal to improve growth and profitability. > > > Closed Sdot-Yam Plant and shifting capacity to our other production sources Focused on operational excellence, cost reduction and improved working capital management Aligning production with demand while maintaining adequate inventory levels. Price adjustments to meet market demand Focus on product innovation including re-engineering the full product family for our Australian market Ocaesarstone Diversify production capabilities by creating network of strategic partners in the Far East Expand porcelain offering in the U.S. and Canada Adjusting North America go-to-market strategy Headcount reduction in connection with Sdot- Yam plant closure (175 employees) Investor Presentation 2023 16#17Financial Summary & Outlook caesarstone#18Q3'23 FINANCIAL PERFORMANCE Revenue ($M) 20.3% CCB 21.2% Reported Adjusted Gross Margin ($M) $180.7 $142.4 Q3'22 Q3'23 CCB*: (24.2%) (17.5%) (8.4%) (32.3%) * Constant Currency Basis Adj. EBITDA ($M) Investor Presentation 2023 6.1% pp $1.9 $13.4 Q3'22 Q3'23 % margin 7.4% 1.3% % margin caesarstone® 3.4% pp $41.8 $28.1 Q3'22 23.1% Lower landed cost • Improved Production source Mix Adj. Net Income (loss) ($M) Q3'23 19.8% • Negative impact from volume • Higher logistics cost . Lower utilization in the plants $0.0 -$6.8 Q3'22 Q3'23 Adj. EPS $0.01 -$0.20 18#19LIQUIDITY, CASH FLOW AND CAPITAL DEPLOYMENT CAPITAL POSITION PROVEN RECORD OF CASH GENERATION Cash Position 4-year4 avg. 1,2 +50% $79.1M Net Cash Position $72.2M operating cash flow of Adj. EBITDA 3 DISCIPLINED CAPITAL DEPLOYMENT M&A flexibility Quarterly dividend policy aligned with profits Prudent management of capital expenditures at a range of 3-5% of sales since 2016 1. As of September 30, 2023 2. Cash position - Cash and cash equivalents and short-term bank deposits and marketable securities 3. Net cash position - Cash and cash equivalents and short-term bank deposits and marketable securities less debt from financial institutions 4. 2019-2022 Investor Presentation 2023 caesarstone 19#20REVENUE & PROFITABILITY – ANNUAL VIEW Revenue ($M) - Adjusted Gross Profit and % Margin ($M) 575.9 546.0 486.4 690.8 643.9 2018 2019 2020 2021 2022 Adj. EBITDA and % Margin ($M) caesarstone® 28.8% 28.8% 27.7% 26.8% 23.8% 172.7 165.7 164.1 149.1 134.9 2018 2019 2020 2021 2022 Adj. Net Income and % Margin ($M) 6.3% 4.9% 4.4% 3.3% 13.1% 12.6% 12.8% 10.6% 75.2 7.5% 69.0 68.2 62.1 51.9 36.1 26.7 28.6 16.5 10.6 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022 Investor Presentation 2023 1.5% 20#21ADJUSTED GROSS MARGIN RECONCILIATION USD (0,000) Gross profit Non-recurring import related (income) expenses Share based compensation expense (1) Amortization of assets related to acquisitions Other Non-recurring expenses (2) ADJUSTED GROSS PROFIT % OF SALE 2012A 2013A 2014A 2015A 2016A 2017 A 2018A 2019A 2020A 2021A 2022A $127,395 $162,118 $189,651 $200,225 $212,486 $197,223 $163,414 $148,639 $133,942 $171,498 $163,245 2,104 (1,501) 185 149 75 121 452 285 163 285 416 321 315 $127,580 $162,267 $189,726 1,661 852 306 529 237 $200,346 $212,938 $197,508 $165,681 $149,084 $134,887 $172,671 $164,103 43.0% 45.5% 42.4% 40.1% 39.5% 33.6% 28.8% 27.3% 27.7% 26.8% 23.8% (1) Share based compensation includes expenses related to stock options and restricted stock units granted to employees of the Company. (2) Includes one time expenses, including inventory write down due to discontinuation of certain product group manufacturing and one time amortization of machinery equipment with no future alternative use. Investor Presentation 2023 caesarstone 21 21#22ADJUSTED EBITDA RECONCILIATION USD (0,000) 2012A 2013 A 2014A 2015A 2016A 2017 A 2018A 2019A 2020A 2021A 2022A Net income (loss) $40,367 $64,353 $80,256 $79,458 $76,483 $27,558 $24,568 $12,862 $7,622 $17,889 Finance Expense (income), net 2,773 1,314 1,048 3,085 3,318 5,583 3,639 5,578 10,199 7,590 ($56,366) (3,079) Taxes on income 6,821 10,336 13,738 13,843 13,003 7,402 4,560 6,243 4,700 1,950 758 Depreciation and Amortization 14,368 14,994 17,176 22,334 28,254 29,926 28,590 28,587 29,460 35,407 36,344 Legal settlements and loss contingencies (1) 4,654 5,868 24,797 8,903 12,359 6,319 3,283 568 Compensation paid by a shareholder (2) 266 Excess cost of acquired inventory (3) 885 188 231 Share-based compensation expense (4) 3,007 2,514 2,642 2,293 3,068 5,277 1,684 3,631 2,858 1,845 1,502 - Inventory change of estimate -3,458 Follow-on expenses (5) IPO bonus 1,470 657 1,970 Contingent consideration adjustment 255 284 120 Litigation gain -1,001 Provision for employees fringe benefits (6) Settlement with the tax authorities 939 -134 -114 Acquisition related expenses Impairment expenses related to goodwill and long-lived assets Non- recurring items (7) ADJUSTED EBITDA % OF SALES 921 80 71,258 0 $69,445 23.4% $91,711 25.7% $116,553 26.1% $125,667 25.2% $129,994 24.1% $100,429 17.1% 3,261 $75,205 13.1% -214 684 $69,046 62,079 $68,248 $51,869 12.6% 12.8% 10.6% 7.5% caesarstone (1) Consists of legal settlements expenses and loss contingencies, net, in 2017 related primarily to Kfar Giladi arbitration, as well as to product liability claims and other adjustments to on-going legal claims. (2) One time bonus paid by a shareholder to Company's employees. (3) Consists of charges to cost of goods sold for the difference between the higher carrying cost of the inventory of two of the Company's subsidiaries- Caesarstone USA's inventory at the time of its acquisition and inventory that was purchased from its distributor and Caesarstone Australia Pty Limited's inventory that was purchased from its distributor, and the standard cost of the Company's inventory- which adversely impacts the Company's gross margins until such inventory is sold. The majority of the inventory acquired from Caesarstone USA was sold in 2011, and the majority of the inventory acquired from the Australian distributor was sold in 2012. (4) Share-based compensation includes expenses related to stock options and restricted stock units granted to employees of the Company. In addition, includes expenses for phantom awards granted and related payroll expenses as a result of exercises. (5) Consists of direct expenses related to a follow-on offering that closed in June 2014. (6) Relates to an adjustment of provision for taxable employee fringe benefits as a result of a settlement with the Israel Tax Authority and with the National Insurance Institute of Israel. (7) Relates mainly to one time workforce reduction expenses, non-recurring import related expenses and relocation expenses of Caesarstone USA headquarters (Company's subsidiary). Investor Presentation 2023 22#23ADJUSTED NET INCOME RECONCILIATION USD (0,000) 2012A 2013A 2014A 2015A 2016A 2017 A 2018A 2019A 2020A 2021A 2022A Net income (loss) attributable to controlling interest $39,632 Legal settlements and loss contingencies (1) Compensation paid by a shareholder (2) Excess cost of acquired inventory (3) $63,344 $78,436 $77,766 4,654 $74,596 5,868 $26,202 24,797 $24,405 $12,862 $7,218 $18,966 8,903 12,359 6,319 3,283 ($57,054) 568 266 885 188 231 Share-based compensation expense (4) 3,007 2,514 2,642 2,293 3,068 5,277 1,684 3,631 2,858 1,845 1,502 IPO bonus 1,970 Caesarstone USA contingent consideration adjustment 255 284 120 Inventory change of estimate -3,458 Follow-on expenses (5) Litigation gain 1,470 657 -1,001 Microgil loan and inventory write down Provision for employees fringe benefits (6) Settlement with the tax authorities Non cash revaluation of lease liabilities (7) Amortization of assets related to acquisitions, net of tax Acquisitions related expenses Impairment expenses related to goodwill and long-lived assets Non-recurring items (8) Tax adjustment (9) Total adjustments before tax Less tax on above adjustments Total adjustments after tax ADJUSTED NET INCOME % OF SALES 939 -114 -134 3,615 3,189 2,918 (9,527) 446 2,391 2,084 921 80 71,258 684 3,261 986 342 -1,158 $5,116 $714 $4,677 $6,947 $8,044 $29,960 $740 $4,376 $44,008 14.8% $99 $618 $1,031 $1,456 $615 $4,059 $5,916 $63,959 17.9% $82,495 18.4% $83,682 16.8% $6,588 $81,184 15.1% $6,343 $23,617 $13,848 $2,168 $11,680 $20,591 $6,729 $13,862 $13,733 $10,721 $4,488 $9,245 $1,054 $9,667 $66,769 ($910) $67,679 $49,819 $36,085 $26,724 $16,463 $28,634 $10,625 8.5% 6.3% 4.9% 3.4% 4.4% 1.5% caesarstone® (1) Consists of legal settlements expenses and loss contingencies, net, in 2017 related primarily to Kfar Giladi arbitration, as well as to product liability claims and other One time bonus paid by a shareholder to Company's employees. (2) Consists of charges to cost of goods sold for the difference between the higher carrying cost of the inventory of two of the Company's subsidiaries- Caesarstone USA's inventory at the time of its acquisition and inventory that was purchased from its distributor and Caesarstone Australia Pty Limited's inventory that was purchased from its distributor, and the standard cost of the Company's inventory- which adversely impacts the Company's gross margins until such inventory is sold. The majority of the inventory acquired from Caesarstone USA was sold in 2011, and the majority of the inventory acquired from the Australian distributor was sold in 2012. (3) Share-based compensation includes expenses related to stock options and restricted stock units granted to employees of the Company. In addition, includes expenses for phantom awards granted and related payroll expenses as a result of exercises. (4) Consists of direct expenses related to a follow-on offering that closed in June 2014. (5) Relates to an adjustment of provision for taxable employee fringe benefits as a result of a settlement with the Israel Tax Authority and with the National Insurance Institute of Israel. (6) Relates to an adjustment of provision for taxable employee fringe benefits as a result of a settlement with the Israeli Tax Authority and with the National Insurance Intitute of Israel. (7) Exchange rate differences deriving from revaluation of lease contracts in accordance with ASC 842 (8) Relates mainly to non-recurring import related expenses and relocation expenses of Caesarstone USA headquarters (Company's subsidiary). (9) Tax adjustments for the three and twelve months ended December 31, 2017 and 2016 were based on the effective tax rates for these periods, respectively. Investor Presentation 2023 23#24THANK YOU.