Steelcase Q4 2021 Financial Results

Appendix Non-GAAP financial measures AMERICAS ADJUSTED OPERATING INCOME MARGIN (Percent of Revenue) * FY16 FY17 FY18 FY19 FY20 FY21 Operating Income 11.4% 10.7% 8.2% 8.5% 9.0% 5.2% Margin as Restated * Restructuring Costs 0.1% 1.6% (Benefits) Adjusted Operating Income Margin 11.4% 10.8% 8.2% 8.5% 9.0% 6.8% * 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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