H B Fuller : HB Fuller Q3 2021 Business Performance Summary

H.B. Fuller Investor Q3'21 Summary

November 2021

Safe Harbor Statement	2

Certain matters discussed today may include 'forward looking statements' as that term is defined under the Private Securities Litigation Reform Act of 1995. Since such statements reflect our current expectations, actual results may differ as they are subject to the kinds of risks that are enumerated in the Company's Securities and Exchange Commission (SEC) filings. The Company disclaims any obligation to subsequently revise any forward-looking statements to reflect actual events or circumstances after the date of such statements. Many of the risks and uncertainties are, and will be, exacerbated by COVID-19 and any worsening of the global economic environment as a result.

Regulation G

The information presented during today's meeting regarding adjusted gross profit, adjusted selling, general and administrative expense, adjusted diluted earnings per share, earnings before interest, taxes, depreciation, and amortization (EBITDA) does not conform to generally accepted accounting principles (GAAP) and should not be construed as an alternative to the reported results determined in accordance with GAAP. Management has included this non-GAAP information to assist in understanding the operating performance of the Company and its operating segments as well as the comparability of results. The non-GAAP information provided may not be consistent with the methodologies used by other companies. All non-GAAP information is reconciled with reported GAAP results in the company's press releases available on the company's website, with the exception of our forward-lookingnon-GAAP measures, which the company cannot reconcile to forward-looking GAAP measures without unreasonable effort.

Additional Information

Please refer to our recent press release and annual report for the year ended November 28, 2020, on Form 10-K, and our quarterly Forms 10-Q, filed with the Securities and Exchange Commission, and available on our website at www.hbfuller.com in the Investors section.

H.B. Fuller at a Glance

World Headquarters

St. Paul, MN, USA

H.B. Fuller (NYSE: FUL)

3

6,400+ employees

130+ years of history

$2.8 billion in 2020 revenue

71 manufacturing facilities

38 technology centers

125 countries with sales

36 countries with facilities or offices

3 global business units serving

30+ markets

10,000 adhesive solutions

435 patents

95,000+ social media followers

Resilient, Diversified, Agile and Innovation-focused Business Model	4

		Engineering		Hygiene, Health &		Construction
			Consumable
		Adhesives			Adhesives
			Adhesives
FY 2020 Financials*		$1.1B Revenue		$1.3B Revenue		$0.4B Revenue
		15.4% EBITDA		13.7% EBITDA		14.0% EBITDA
LT Targeted EBITDA %		High teens to 20%		Mid teens		High teens

• Global alignment for agility in customer engagement
• Streamlined functional operations with lower cost to serve customers
• 2020 Restructuring with >5% reduction in SG&A expense (~$35 million of savings achieved)
• Also initiated Operations & Supply Chain project in 2020 (est. $20 - 30M of streamlined costs and increase efficiency and utilization)

* Please see Appendix for reconciliations of adjusted non-GAAP metrics to the nearest GAAP measure

5

Executing Well on 2021 Priorities

• Volume Growth - through service and innovation, as we support our customers' success in the current high-demand, supply- constrained environment.
• Strategic Pricing - effectively implemented and aligned to the value we deliver, to recover raw material increases, maintain and grow our gross profit margins.
• Free Up Capacity - through our operational excellence programs to help fuel our growth.