Caesarstone Ltd. (NASDAQ:CSTE) Q3 2021 Earnings Conference Call November 3, 2021 8:30 AM ET Company Participants Brad Cray - Investor Relations Yuval Dagim - Chief Executive Officer Nahum Trost - Chief Financial Officer Conference Call Participants Operator Greetings and welcome to the Caesarstone Third Quarter 2021 Earnings Conference Call. At this time, all participants are in listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, ...

© caesarstone® Exhibit 99.1 Caesarstone Reports Third Quarter 2021 Financial Results – Record Third Quarter Revenue of $163.3 Million, Up 31.8% Over Prior Year Quarter – – Net Income of $5.9 Million, or $0.17 Per Share – – Adjusted Net Income of $6.8 Million, or $0.20 Per Share – – Adjusted EBITDA of $17.7 Million – – Strong Cash Position(*) of $91.5 Million at Quarter End – – Declares Dividend of $0.10 per share – - Published Inaugural Global ESG Report in October – – Reiterates Outlook for 2021 Revenue an ...

Caesarstone Ltd. (NASDAQ:CSTE) Q2 2021 Earnings Conference Call August 4, 2021 8:30 AM ET Company Participants Brad Cray - IR Yuval Dagim - CEO Ophir Yakovian - CFO Nahum Trost - Director of Finance Conference Call Participants Stanley Elliott - Stifel Nicolaus Reuben Garner - The Benchmark Company Operator Greetings, and welcome to the Caesarstone Second Quarter 2021 Earnings Conference Call. At this time, all participants are in listen-only mode. A brief question-and-answer session will follow the formal ...

Caesarstone Ltd. (NASDAQ:CSTE) Q1 2021 Results Earnings Conference Call May 5, 2021 8:00 AM ET Company Participants Brad Cray - Investor Relations, Vice President at ICR. Inc. Yuval Dagim - Chief Executive Officer Ophir Yakovian - Caesarstone's Chief Financial Officer Conference Call Participants Reuben Garner - The Benchmark Company Operator Greetings and welcome to the Caesarstone first quarter 2021 earnings conference call. At this time, all participants are in a listen-only mode. A brief question-and-an ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________ Form 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ OR ☐ SHELL COMPANY REP ...

( 1 INVESTOR PRESENTATION February 2021 DISCLAIMER Information provided during this presentation and responses to various questions may contain statements relating to current expectations, estimates, forecasts and projections about future events that are "forwardlooking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to the Company's plans, objectives and expectations for future operations, including expectations of the results of its b ...

Caesarstone Ltd (NASDAQ:CSTE) Q4 2020 Earnings Conference Call February 24, 2021 8:30 AM ET Company Participants Brad Cray - ICR Yuval Dagim - CEO Ophir Yakovian - CFO Conference Call Participants Reuben Garner - The Benchmark Company Asaf Chandali - Oppenheimer Operator Greetings and welcome to the Caesarstone Limited Fourth Quarter 2020 Earnings Conference Call. [Operator Instructions]. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Brad Cray of Investor Re ...

Financial Data and Key Metrics Changes - For Q3 2020, global revenue was $123.9 million, down from $142.8 million in Q3 2019, representing a 14.4% decline on a constant currency basis [12][18] - Adjusted gross margin improved to 31.4% from 29.9% in the prior quarter, reflecting better product mix and lower raw material costs [16][17] - Adjusted EBITDA for Q3 was $23.7 million, with a margin of 19.1%, compared to $22.5 million and a margin of 15.8% in the prior quarter [17] - Adjusted diluted earnings per share were $0.41, up from $0.29 in the same period last year [17] Business Line Data and Key Metrics Changes - The Americas region faced significant challenges due to COVID-19, with a notable decline in sales attributed to the closure of IKEA stores and inconsistent shelter-in-place guidelines [13] - In the APAC region, Australia performed better than expected, although soft market conditions prior to the pandemic continued to impact sales [14] - EMEA region sales were affected by the aftermath of lockdowns, with recent government restrictions potentially slowing recovery [15] Market Data and Key Metrics Changes - The Americas region, being the largest market, saw a significant decline in sales, accounting for approximately half of the North American sales decline [13] - Australia showed a relatively strong performance with only a 7% decline year-over-year, indicating a better competitive position compared to previous years [46] Company Strategy and Development Direction - The company’s strategy focuses on three pillars: premium multi-material offerings, customer experience and engagement, and global footprint expansion [7] - The acquisition of Lioli, a producer of porcelain countertops, is a significant step towards becoming a leading global multi-material premium countertops brand [8] - The company plans to market porcelain alongside quartz in all regions under the Caesarstone brand starting in 2021 [9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ongoing recovery and improvement in business performance, with expectations for further year-over-year sales growth in Q4 [12][20] - The company is cautious about providing specific guidance due to ongoing uncertainties related to COVID-19 [24] - Management highlighted the importance of maintaining operational efficiency and controlling costs to support future growth [18][19] Other Important Information - The company declared a dividend of $0.14 per share, with a record date of November 18 and payment date of December 9, 2020 [18] - The effective capacity utilization of the company’s plants is currently running at less than 70%, which is expected to improve as production ramps up [16] Q&A Session Summary Question: Top line trend and Q4 expectations - Management noted sequential improvement in sales from Q2 to Q3 and expected continued improvement into Q4 despite regional variations due to COVID-19 [23][24] Question: Margin turnaround and future expectations - Management explained that the improved gross margin was due to better product mix, lower raw material prices, and operational efficiencies, but cautioned about potential declines in Q4 margins [26][29] Question: Investments to drive growth - Management outlined investments in expanding the sales team, enhancing customer engagement technologies, and integrating the Lioli acquisition to boost revenues [31][32] Question: Future M&A plans - Management indicated a focus on multi-material offerings and expanding global presence through potential future acquisitions [34] Question: Lioli business growth expectations - Management expects the porcelain category to grow by 10% in the coming years and plans to leverage existing logistics and distribution networks [41] Question: Competitive position in Australia - Management acknowledged a stronger competitive position in Australia and noted that market conditions vary by region, impacting demand and sales [47]

Company Overview - Caesarstone is a leading designer and producer of high-end engineered quartz surfaces[4] - The company was founded in 1987 and is headquartered in Israel[4] - In 2019, Caesarstone had sales of $546 million and an adjusted EBITDA of $69 million[4] - The company has a global market share of approximately 9%[12] Financial Performance - In Q2 2020, revenue was $99 million, a decrease of 29.8% compared to Q2 2019 ($141.1 million)[30] - Adjusted gross profit in Q2 2020 was $20.3 million, with a margin of 20.5%, compared to $38.6 million and 27.3% in Q2 2019[30] - Adjusted EBITDA in Q2 2020 was $6.5 million, with a margin of 6.6%, compared to $19.2 million and 13.6% in Q2 2019[30] - Adjusted net income in Q2 2020 was a loss of $3.5 million or -$0.10 per share, compared to a profit of $8 million or $0.23 per share in Q2 2019[30] Market Landscape - The global countertop market is valued at $105 billion[15] - Engineered quartz held an 18% share of the global countertop market in 2018[15] - In the U S market, Engineered Quartz accounted for 46% of the countertop demand by volume[16]

Financial Data and Key Metrics Changes - For Q2 2020, global revenues were $99 million, down from $141.1 million in Q2 2019, representing a 28.3% decrease on a constant currency basis [10] - Adjusted gross margin was 20.5%, compared to 27.3% in the prior-year quarter, primarily due to lower sales volume and unfavorable regional and product mix [12] - The company maintained a strong cash position of $130 million as of June 30, 2020, reflecting effective cost control and working capital management [15] Business Line Data and Key Metrics Changes - The company experienced significant pressure on demand due to COVID-19, particularly in the Americas, with the majority of adverse revenue impact occurring in April and May [9][10] - Improved business activity was noted in June, leading to better-than-expected results across all four global regions [6][10] Market Data and Key Metrics Changes - In the Americas, demand was negatively impacted by shelter-in-place guidelines, with IKEA stores closed for most of Q2, although there was increased activity at Home Depot [11] - The APAC region showed relatively better performance in Australia due to effective government response, but faced challenges from pre-existing soft market conditions [11] - EMEA region sales were impacted by government lockdowns, but improvements were seen starting in June [11] Company Strategy and Development Direction - The company is focused on operational performance and financial strength while adapting to the COVID-19 environment, emphasizing cost management and capital preservation [5][6] - The Global Growth Acceleration Plan continues to be a priority, with investments in product innovation and technology despite reduced capital expenditures [7][13] - The company aims to leverage market opportunities in North America as economies recover, with a focus on premium countertop offerings [17] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding recovery and demand strengthening in the latter half of 2020, supported by a strong financial position and transformative investments [8][17] - The company is prepared to invest in growth opportunities despite current top-line impacts, indicating a long-term growth perspective [29] Other Important Information - The company has taken steps to improve working capital and maintain liquidity during the pandemic, including limiting capital expenditures and optimizing production capacity [13][15] - The company plans to gradually return marketing and promotional spending to normal levels as demand recovers [15] Q&A Session Summary Question: Recent demand improvements and expectations for Q3 - Management noted gradual improvements in revenues and volumes month-to-month, with July sales down in the high teens compared to last year but showing a positive trend [20][21] Question: Geographic exposure and pent-up demand - The New York region was highlighted as experiencing greater impact from shutdowns, but there is potential for pent-up demand as the economy reopens [23] Question: Margin expectations and cost structure - Management indicated that they entered the COVID-19 environment in a healthy position and have taken significant cost control measures, which will impact gross margins [24] Question: Progress on the Global Growth Acceleration Plan - Management described the plan as being in a good position to resume projects aimed at growth, with a focus on M&A opportunities and new product launches [25][27] Question: Willingness to invest despite current challenges - Management confirmed comfort in making investments for long-term growth, maintaining a strong cash position throughout the pandemic [29]