Capital Allocation and Fiscal Year 2023 Targets

Overview of Mission Critical The Mission Critical growth initiative was established to recapture market share while delivering cost savings on the path to accelerating profitability Solid program execution and tracking to high end of targeted total gross savings of $90M-$100M by FY23 vs. FY19 OBJECTIVE: Reaccelerate market share capture KEY PRIORITIES OBJECTIVE: Grow profits faster than sales KEY AREAS Solidify Metalworking Leverage Portfolio Strength Expand Solutions Grow E-commerce Diversify Customers & End Markets . MSC GOAL: Outgrow market by at least 400 bps over cycle Sales & Services Gl Supply Chain General & Administrative GOAL: Achieve high-teens ROIC by end of 2023 11

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