Steelcase Q4 2021 Financial Results

Steelcase Q4, 2021 Our balance sheet remained strong in Q4 and provides stability through business cycles $1,500 Q4 FY20 and Q4 FY21, $ MILLION Liquidity Profile Capital Allocation Philosophy - Reinvestment in the business Capital Base - Acquisitions - Dividends $1,000 Credit I Facility I Credit Facility COLI COLI $500 Cash Cash Debt Opportunistic share repurchases Equity Credit facility covenant information (1) maximum leverage ratio covenant, which is measured by the ratio of indebtedness less liquidity to trailing four quarter adjusted EBITDA (as defined in the credit agreement) and is required to be less than 3:5:1 (2) minimum interest coverage ratio covenant, which is measured by the ratio of trailing four quarter adjusted EBITDA (as defined in the credit agreement) to trailing four quarter interest expense and is required to be no less than 3:0:1. As of February 26, 2021, we were in compliance with all covenants under the facility. 40 $0 FY20 FY21 FY21 21

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