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Investor Presentaiton

Company Generates Strong Cash Flow While Maintaining Low CapEx Consistent Adjusted EBITDA (1) Generation ($ in millions) Low CapEx(2) Strong Free Cash Flow (3) $64.1 FY2019 $72.7 LTM 9/30/2020 $9.2 FY2019 $3.2 LTM 9/30/2020 $69.5 $54.9 FY2019 LTM 9/30/2020 (1) Adjusted EBITDA, and Adjusted EBITDA before limitation represents a non-GAAP financial measure. This non-GAAP financial measure is provided because the Company uses it in evaluating its financial results and trends and as an indicator of business performance. See appendix pages for a reconciliation to the most directly comparable GAAP measure. (2) Includes move to new distribution facility for U.K. in 2019. Maintenance CapEx is approximately $5-7 million. (3) Free cash flow, a non-GAAP financial measure, is calculated as Adjusted EBITDA minus CapEx. LifetimeBrands 34
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