Steelcase Financial Performance and Brand Promise

Mid-Term (4-5 years) Financial Targets Adjusted Operating Income ($ Millions) $400 $3.7 $300 $200 5-7% Average annual organic revenue growth Revenue ($ Billions) $4 6-7% Adjusted operating income margin $3.2 ->>> $2.6 $2.8 $3 $2 $100 1.3% 7.2% 4.1% 3.3% $0 FY20 FY21 FY22 FY23 $1 6-7% $- Mid-Term Targets Adjusted Operating Income Revenue % = adjusted operating income margin ~ 5% Free cash flow as a % of revenue

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