FGI Industries Investor Presentation Deck

12 Margin Improvement Initiatives Growth and efficiency plans to generate improvement in operating margins Margins were pressured during 2022 due to supply chain challenges and inflationary headwinds, but we expect meaningful margin improvement in coming years. We are driving cost reductions through ongoing efficiency measures Our higher growth verticals generate better margins resulting in improved mix We will from significant operating leverage as we scale the business 4.7% 2020 4.3% 2021 ADJUSTED OPERATING MARGIN(¹) 3.5% 2022 Ongoing efficiency measures (1) See attached appendix for reconciliation of GAAP and non-GAAP financial measures Improved mix Operating Leverage 7-9% Target FGI

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