| --- | --- | --- | |------------------------------------|-------|-------| | | | | | Investor | | | | Presentation FY2021 Fourth Quarter | | | | | | | | | | 1 | Steelcase Q4, 2021 Investment thesis ➢ We believe the office will continue to be very relevant for innovation, culture, and collaboration ➢ Industry leader in a changing workplace environment that we believe provides growth opportunities ➢ Experienced management team has led the company through similar previous cycles ➢ Liquidity position is very st ...

Financial Data and Key Metrics Changes - The adjusted operating income for Q3 was $11 million, with adjusted earnings of $0.08 per share, which was considered remarkable given the circumstances [36][41] - Revenue fell short of expectations, with a decrease of $201 million compared to the second quarter, and a decline of $338 million year-over-year [42][47] - Liquidity remained strong at $652 million, including $168 million of COLI balances, with no restrictions on borrowing under the $250 million global credit facility [50] Business Line Data and Key Metrics Changes - Orders and shipments weakened, particularly among large corporate customers in major cities, while small and mid-sized businesses in sectors like education and healthcare continued to place orders [11][12] - The company experienced record sales through online stores, although this segment remains relatively small [23] Market Data and Key Metrics Changes - Demand patterns softened in the Americas during Q3, contrasting with the stable demand seen in Q2 [38] - EMEA order patterns were softer than expected but showed modest seasonal improvement compared to Q2 [39] - In Asia Pacific, order patterns were initially soft but improved towards the end of November, resulting in a backlog on par with the prior year [40] Company Strategy and Development Direction - The company is focusing on product development and strengthening customer relationships, particularly in light of the anticipated return to office environments post-COVID [14][18] - There is an emphasis on updating office spaces to enhance safety and productivity, with a focus on reducing high-density areas and improving furniture design to mitigate pathogen spread [19][20] - The company is also prioritizing investments in new products that address emerging needs in a post-COVID workplace [22] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges posed by the second wave of COVID-19 and the impact on customer plans to return to the office [10][11] - The approval and distribution of vaccines are expected to provide clarity for customers regarding their return to office plans, potentially leading to increased project activity [15][16] - Management expressed optimism about the recovery, noting that many customers are preparing to reactivate projects that were paused during the pandemic [55] Other Important Information - The company faced a cyber attack that temporarily disrupted operations, resulting in approximately $6 million in incremental costs and delays in $60 million of shipments originally scheduled for Q3 [31][32][41] - The company received recognition for its sustainability efforts, being named one of the 100 most sustainably managed companies in the world [34] Q&A Session Summary Question: Can you elaborate on the factors that will convert customer conversations into orders? - Management noted that customers are moving from discussions about remote work to planning for a return to the office, with many having firm plans in place [58][60] Question: How are paused projects being adjusted for social distancing? - Management speculated that while some projects may see adjustments for density, many will remain similar to pre-COVID plans, particularly in Asia [67][70] Question: What is the outlook for Asia Pacific orders? - Management indicated that while there is some lumpiness in recovery, the overall tone in Asia is positive, with a strong pipeline and win rate [78][80] Question: What are the expected cost savings and breakeven points moving forward? - Management confirmed that the breakeven point remains around $650 million in revenue, with significant cost savings recognized in the current year [84][90] Question: What is the company's perspective on the future of office space? - Management stated that most clients are not considering major reductions in office space, although some are exploring flexible arrangements [98][100] Question: Are there plans for acquisitions to accelerate the work-from-home strategy? - Management indicated that while acquisitions are always considered, the primary focus is on improving current operations and serving existing markets better [117]

| --- | --- | --- | |-----------------------------------|-------|-------| | | | | | Investor | | | | Presentation FY2021 Third Quarter | | | | | | | | | | 1 | Steelcase Q3, 2021 Investment thesis ➢ Proven track record ➢ We believe the office will continue to be very relevant ➢ Liquidity position is very strong ➢ Industry leader in a changing workplace environment ➢ Experienced management team has led the company through previous cycles 2 Steelcase Q3, 2021 We are a respected leader — Greatest global market ...

Steelcase Inc. (NYSE:SCS) Q2 2021 Earnings Conference Call September 23, 2020 8:30 AM ET Company Participants Jim Keane - President, CEO Dave Sylvester - SVP, CFO Mike O'Meara - Director, IR Conference Call Participants Kathryn Thompson - Thompson Research Reuben Garner - Benchmark Company Greg Burns - Sidoti & Company Operator Good day, everyone, and welcome to Steelcase's Second Quarter Fiscal 2021 Conference Call. As a reminder, today's call is being recorded. For opening remarks and introductions, I'd l ...

| --- | --- | --- | |------------------------------------|-------|-------| | | | | | Investor | | | | Presentation FY2021 Second Quarter | | | | | | 1 | Steelcase Q2, 2021 Investment thesis Proven track record We believe the office will continue to be very relevant Liquidity position is very strong Industry leader in a changing workplace environment Experienced management team led company through previous cycles 2 Steelcase Q2, 2021 | --- | --- | --- | --- | --- | |-------|---------------------------------- ...

Steelcase Inc. (NYSE:SCS) Q1 2021 Earnings Conference Call July 1, 2020 8:30 AM ET Company Participants Mike O'Meara - Director of Investor Relations and Financial Planning and Analysis Jim Keane - President, Chief Executive Officer Dave Sylvester - Senior Vice President, Chief Financial Officer Conference Call Participants Steve Ramsey - Thompson Research Group Greg Burns - Sidoti & Company Reuben Garner - The Benchmark Company Operator Good day, everyone and welcome to Steelcase's first quarter fiscal 202 ...

| --- | --- | --- | |-----------------------------------|-------|-------| | | | | | Investor | | | | Presentation FY2021 First Quarter | | | | | | | | | | 1 | Steelcase Q1, 2021 Investment thesis Proven track record We believe the office will continue to be very relevant Liquidity position is very strong Industry leader in a changing workplace environment Experienced management team led company through previous cycles 2 Steelcase Q1, 2021 | --- | --- | --- | --- | --- | --- | |-------|---------------------- ...