Steelcase Q2, 2022 Earnings Presentation

Appendix Non-GAAP financial measures ADJUSTED EBITDA MARGIN and TOTAL DEBT / ADJUSTED EBITDA $ Million Revenue FY17 FY18 FY19 FY20 FY21 TFQ $3,032 $3,055 $3,443 $3,724 $2,596 $2,576 Income (loss) before income $196 $162 $164 $245 $26 $(12) tax expense Interest Expense $17 $18 $38 $27 $27 $26 Depreciation and amortization $60 $66 $82 $86 $86 $83 Restructuring costs $5 $28 $13 Goodwill and intangible asset impairment charges $18 Adjusted EBITDA $279 $245 $283 $358 $185 $110 Adjusted EBITDA Margin (% of Revenue) Total Debt 9.2% 8.0% 8.2% 9.6% 7.1% 4.4% $297 $295 $487 $484 $484 $484 Total Debt/ Adjusted EBITDA 1.1 11 1.2 1.7 1.4 2.6 4.4 30 50

View entire presentation