Steelcase Q4 2021 Financial Results

Appendix Non-GAAP financial measures ADJUSTED EBITDA MARGIN and TOTAL DEBT / ADJUSTED EBITDA $ Million Revenue FY16 FY17 FY18 FY19 FY20 FY21 $3,060 $3,032 $3,055 $3,443 $3,724 $2,596 Income before income tax expense $175 $196 $162 $164 $245 $26 Interest Expense $18 $17 $18 $38 $27 $27 Depreciation and amortization $66 $60 $66 $82 $86 $86 Restructuring costs $20 $5 $28 5 Goodwill and intangible asset impairment charges $18 Adjusted EBITDA $278 $279 $245 $283 $358 $185 Adjusted EBITDA Margin (% of Revenue) Total Debt 9.1% 9.2% 8.0% 8.2% 9.6% 7.1% $299 $297 $295 $487 $484 $484 1.1 1.1 1.2 1.7 1.4 2.6 Total Debt Adjusted EBITDA 31

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