Investor Presentation

NASDAQ: MLHR

First Quarter FY22

Forward looking statements

This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act, as amended, that are based on management's beliefs, assumptions, current expectations, estimates, and projections about the office furniture industry, the economy, and the company itself. Any statements that are not historical facts should be considered forward-looking statements. Words like "anticipates," "believes," "confident," "estimates," "expects," "forecasts," likely," "plans," "projects," "should," variations of such words, and similar expressions identify such forward-looking statements.

These statements do not guarantee future performance and are not intended as such. Actual results are subject to various risks and uncertainties that are difficult to predict with regard to timing, extent, likelihood, and degree of occurrence. These risks include, without limitation:

  • the success of our growth strategy
  • our success in initiatives aimed at achieving long-term profit optimization goals
  • risks associated with our recent acquisition of Knoll, including the challenge of successfully integrating the business, realizing the anticipated benefits, and managing related disruptions
  • our ability to comply with our debt covenants and obligations, which increased significantly in connection with our acquisition of Knoll
  • employment and general economic conditions, including the pace of economic recovery in the U.S. and in our international markets
  • the availability and pricing of raw materials and other supplies
  • our reliance on a limited number of suppliers
  • our ability to expand globally given the risks associated with regulatory and legal compliance challenges and accompanying currency fluctuations
  • changes in future tax legislation or interpretation of current tax legislation
  • the ability to increase prices to absorb the additional costs of raw materials
  • changes in global tariff regulations
  • the financial strength of our dealers and our customers
  • changes in white-collar employment levels
  • the willingness of customers to undertake capital expenditures
  • the types of products purchased by customers
  • competitive-pricingpressures
  • our ability to locate new retail studios and negotiate favorable lease terms for new and existing locations and implement our studio portfolio transformation
  • our ability to attract and retain key executives and other qualified employees
  • our ability to continue to make product innovations
  • the success of newly-introduced products
  • our ability to integrate and benefit from acquisitions and investments
  • the pace and level of government procurement
  • the outcome of pending litigation, governmental audits, and/or investigations
  • political risk in the markets we serve
  • natural disasters, public health crises, and disease outbreaks
  • other risks identified in our filings with the SEC

As a result of these risks and other risks that may materialize, actual results and outcomes may differ significantly from what we express or forecast in this presentation. We undertake no obligation to update, amend, or clarify forward-looking statements after the date of this presentation.

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COMPANY SNAPSHOT

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Company Snapshot

Creating the preeminent leader in modern design

  1. Pairs two industry pioneers to catalyze the transformation of the home and office at a time
    of unprecedented disruption
  2. Combines two highly complementary businesses
    to create a broader product portfolio
  3. Enhances scale and capabilities to drive growth
    and profitability

4. Accelerates digital and technology

HERMAN MILLER

+ KNOLL

transformation

  1. Brings together common cultures and capabilities, with a shared commitment to social responsibility
  2. Positions the business to deliver significant financial benefits

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Company Snapshot

Global Omni-Channel Distribution Model

$3.6B

FY 21 Pro-Forma Revenue¹

60+

1,000+

11,000

Global Retail

Contract Dealers

Employees around

Studios

in 110 Countries

the globe

¹FY21 Pro-Forma Revenue represents fiscal year 2021 reported revenue for Herman Miller, combined with pro-forma fiscal year 2021 Knoll revenue as reported on the Form S-4 filed on May 24, 2021.

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Retail

21%

Americas

36%

Intl

11%

Knoll

32%

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Disclaimer

Herman Miller Inc. published this content on 22 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 October 2021 13:03:04 UTC.