FGI Industries Investor Presentation Deck

Business Highlights - 3Q23 3Q23 results were highlighted by continued gross margin improvement, further progress on our BPC strategy, and disciplined working capital management 22 ● ● Revenue pressured by de-stocking and macro headwinds Progress on BPC strategy positioning company for growth • Meaningful gross margin improvement • Strong financial position (1) See attached appendix for reconciliation of GAAP and non-GAAP financial measures Revenue Third quarter revenue declined 22% driven by continued inventory de-stocking and uneven demand trends Organic Growth Initiatives We made progress on recently announced new awards and continued to add new dealers for our custom kitchen cabinetry business. Our agreement to license overflow toilet technology was expanded to include Canada. Gross Margin Third quarter gross margin was 26.2%, up 530 basis points from the prior year Operating Income Operating income was impacted by ongoing investments in our BPC organic growth initiatives Strong Financial Position We ended the quarter with only $2.6 million of net debt(¹) and total liquidity of $20.9 million Favorable Market Trends Demand trends across most of our key product categories remained relatively stable despite the macro headwinds FGI

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