Investor Presentation Fourth Quarter FY23
STRATEGIC CONTEXT: WHAT IS IMPACTING DEMAND?
Macro-Economic Drivers
BIFMA North America Orders
40.0%
30.0%
20.0%
10.0%
0.0%
-10.0%
-20.0%
-30.0%
-40.0%
Feb-21
Apr-21
Aug-21
Jun-21
Oct-21
Dec-21
Feb-22
Apr-22
Jun-22
Aug-22
Oct-22
Dec-22
Source: BIFMA, April 2023
Existing Home Sales
(THOUSANDS OF UNITS)
Feb-23
Apr-23
U.S. Architects Billing Index
AIA Consensus Construction Forecast
(% YOY GROWTH)
2023
2024
Non-Residential
5.8%
0.8%
55
Commercial Total
2.6%
-1.4%
45
Office
-0.5%
-0.7%
40
Health
5.5%
3.2%
៩៩៦ ៖ ទា 8 8 >
70
65
60
50
35
30
Education
3.0%
4.6%
Hotel
9.5%
5.3%
Source: The American Institute of Architects, Jan 2023
Housing Starts
(THOUSANDS OF UNITS)
History
1-Apr
1-May
1-Jun
Furniture and Home Furnishing Stores
ANNUAL SALES GROWTH
Source: The American Institute of Architects
1-Jul
1-Aug
1-Sep
1-Oct
1-Nov
1-Dec
1-Jan
1-Feb
1-Mar
1-Apr
1-May
Forecast
50.00%
History
Forecast
2000
40.00%
8000
30.00%
1500
1601
20.00%
1553
1530
6000
1380
1410
10.00%
6120
1000
5640
4000
5030
5260
0.00%
4470
500
2000
-10.00%
-20.00%
-30.00%
0
0
2020
2021
Source: Ntl. Assoc. of Realtors U.S. Economic Outlook, Mar 2023
2022
2023
2024
2020
2021
2022
2023
2024
Source: Ntl. Assoc. of Realtors U.S. Economic Outlook, Mar 2023
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Source: US Census Bureau; 2023 reflecting
YTD through May vs. prior YTD May
Other Leading Economic Indicators include: Corporate profitability, service sector
employment, Office vacancy rates, CEO and small business confidenceView entire presentation