Investor Presentation 2023
DISCLAIMER
caesarstone
Information provided in this presentation may contain statements relating to current expectations, estimates, forecasts and projections about future events that are "forward
looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements also may relate to the Company's plans, objectives and
expectations for future operations, including estimations relating to the restructuring plan, the closure of the Sdot Yam Facility, the estimated closure costs and the estimated
potential savings relating to the facility closure, the ability to sublease all or part of the facility covered by the long-term non-cancellable lease agreement, the impact of the
COVID-19 pandemic and mitigation measures in connection thereto, and expectations of the results of the Company's business optimization initiatives. These forward-looking
statements are based upon management's current estimates and projections of future results or trends. Actual results may differ materially from those projected as a result of
certain risks and uncertainties, both known or unknown. These factors include, but are not limited to: the implementation of the proposed restructuring plan, the closure of the
Sdot Yam Facility, the estimated closure costs and ability to realize potential savings relating to the closure, the ability to sublease all or part of the facility covered by the long-
term non-cancellable lease agreement, the impact of the COVID-19 pandemic on end-consumers, the effects of global economy and geo-politics on the Company's business
and operations; managing constraints in the global supply chain, raw material shortages, increased prices and effects of challenges in global shipping and transportation;
Company's ability to pass all or some of these increases to its customers; the strength of the home renovation and construction sectors; intense competitive pressures;
disruptions to our information technology systems globally, including by deliberate cyber-attacks; the degree of the Company's ability to develop, produce and deliver high quality
and safe products; fluctuations in currency exchange rates against the U.S. Dollar; Company's ability to raise funds to finance our current and future capital needs; Company's
ability to build-out and expand into certain markets and successfully integrate our acquisitions; the Company's ability to effective manage its relationship with key suppliers; the
outcome of silicosis and other bodily injury claims; regulatory requirements relating to hazards associated with our operations and products; efficiently manufacturing our
products and managing changes in production and supply chain; economic conditions within any of our key existing markets; the success of our expansion efforts in the United
States; the extent of the Company's ability to meet its ESG goals and targets, management of GHG and other emissions; the impacts of conditions in Israel, such as negative
economic, labor or geopolitical events; the unpredictability of seasonal fluctuations in revenues; disturbances to the Company's operations or the operations of its suppliers,
distributors, customers or other third parties and other factors, risks and uncertainties discussed under the sections "Risk Factors" and "Special Note Regarding Forward-Looking
Statements and Risk Factor Summary" in our most recent annual report on Form 20-F filed with the Securities and Exchange Commission (the "SEC") on March 15, 2023, and in
other documents filed by Caesarstone with the SEC, which are available free of charge at www.sec.gov.
These forward looking statements are made only as of the date hereof, and neither the Company, nor any of its respective agents, employees or advisors intend, undertake or
have any duty or obligation to supplement, amend, update or revise any of the forward looking statements contained in this presentation, whether as a result of new information,
future events or otherwise. The information and opinions contained in this document are provided as at the date of this presentation and are subject to change without notice.
This presentation includes certain non GAAP measures, which should all be considered in addition to, and not as a substitute for, comparable GAAP measures. A reconciliation
of GAAP net income to adjusted EBITDA, reconciliation of GAAP gross profit to adjusted gross profit, and adjusted net income are provided below. To calculate revenues growth
rates that exclude the impact of changes in foreign currency exchange rates, the Company converts actual reported results from local currency to U.S. dollars using constant
foreign currency exchange rates in the current and comparable period. The Company provides these non GAAP financial measures because it believes that they present a
better measure of the Company s core business and management uses the non GAAP measures internally to evaluate the Company s ongoing performance. Accordingly, the
Company believes that they are useful to investors in enhancing an understanding of the Company s operating performance. However these measures should not be considered
as substitutes for GAAP measures and may be inconsistent with similar measures presented by other companies.
Investor Presentation 2023
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