Steelcase Q4 2021 Financial Results

Appendix Non-GAAP financial measures EMEA ADJUSTED OPERATING INCOME (LOSS) MARGIN * (Percent of Revenue) FY16 FY17 FY18 FY19 FY20 FY21 Operating Income (Loss) Margin as Restated * (12.4%) (4.1%) (2.7%) (1.1%) 1.5% (6.3%) Goodwill and intangible asset 3.4% impairment charges Restructuring Costs 3.9% 0.4% Adjusted Operating Income (Loss) Margin (8.5%) (3.7%) (2.7%) (1.1%) 1.5% (2.9)% *Operating income restated due to implementation of ASU No. 2017-07, Compensation - Retirement Benefits (Topic 715). Please see Q1 FY19 10-Q for more information. 30 30

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