Steelcase Q2, 2022 Earnings Presentation

Appendix Non-GAAP financial measures EMEA ADJUSTED OPERATING INCOME (LOSS) MARGIN * (Percent of Revenue) FY17 FY18 FY19 FY20 FY21 TFQ Operating Income (Loss) Margin as Restated * (4.1%) (2.7%) (1.1%) 1.5% (6.3%) (2.0%) Goodwill and intangible 3.4% asset impairment charges Restructuring Costs 0.4% Adjusted Operating Income (Loss) Margin (3.7%) (2.7%) (1.1%) 1.5% (2.9)% (2.0%) * Operating income restated due to implementation of ASU No. 2017-07, Compensation - Retirement Benefits (Topic 715). Please see Q1 FY19 10-Q for more information. 29 29

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