Steelcase Q2, 2022 Earnings Presentation

Appendix Non-GAAP financial measures ADJUSTED RETURN ON INVESTED CAPITAL (ROIC) $ Million FY17 FY18 FY19 FY20 FY21 TFQ Income (loss) before income tax expense $196 $162 $164 $245 $26 $(12) Interest Expense $17 $18 $38 $27 $27 $26 Restructuring costs $5 $28 $13 Goodwill and intangible asset impairment charges $18 Adjusted Income before income tax expense $218 $180 $201 $273 $99 $27 Assumed Long-Term Effective Income Tax Rate % 36.0% 34.5% 27.0%(1) 27.0% 27.0% 27.5% Adjusted Net Income $140 $118 $147 $199 $72 $20 Total Debt Total shareholders' equity Total Capital Prior Year Total Capital Average Capital Adjusted Return on Invested Capital (ROIC) (Adjusted Net Income as a % of Average Capital) (1) Assumes 10 months at 36% and 2 months at 27% as after U.S. Tax Reform $297 $295 $487 $484 $484 $484 $767 $813 $850 $970 $962 $901 $1,064 $1,108 $1,337 $1,455 $1,446 $1,385 $1,036 $1,064 $1,108 $1,337 $1,455 $1,431 $1,050 $1,086 $1,223 $1,396 $1,451 $1,408 13.3% 10.9% 12.0% 14.3% 5.0% 1.4% 31

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