 Introduction  Leggett Distinctives

Strong balance sheet and cash flow

Disciplined use of cash

~3% dividend yield; 50 consecutive annual increases

Leader in most markets; few large competitors

Opportunities for long-term growth . Internal initiatives + market growth + acquisitions . Large addressable markets

Management has “skin in the game” . Significant stock owners; forego comp in exchange for shares . Incentive comp aligned with TSR focus

Our Markets

Macro Market Exposure

Automotive Product Mix 20% (based on 2021 estimated net trade sales)

Automotive 18%

Consumer Durables Commercial Aerospace 60% /Industrial 2% 20% Hydraulic Cylinders 2% Bedding 48% Work Furniture 5% Geographic Split (based on production) Home Furniture Mexico Others 8% 5% 2% Canada 6% Flooring & Textiles China 17% 10%

Europe 10% U.S. 67% % of 2021e net trade sales Specialized 22% Bedding 48% Furniture, Flooring & Textile Segments 30%

Furniture, Flooring & Bedding Products Specialized Products Textile Products Bedding Automotive Home Furniture . springs . Auto seat support & lumbar . Recliner mechanisms . Private-label finished , systems . Seating and sofa sleeper mattress toppers, . Motors, actuators & cables components . Specialty bedding foams . Foundations Aerospace Work Furniture . Tubing . Chair controls, bases, frames Wire . Tube assemblies . Private-label finished seating . Drawn steel wire . Flexible joints . Steel rod Flooring & Textiles Hydraulic Cylinders . Flooring underlayment Adjustable Bed . Hydraulic cylinders primarily for . Textile converting . Adjustable beds material handling, transportation . Geo components & construction equipment Machinery . Quilting & sewing machinery for bedding mfg. . Mattress packaging and glue-drying equipment

Leading U.S.-Based Manufacturer of:

. Bedding Components

. Automotive Seat Support and Lumbar Systems

. Specialty Bedding Foams and Private-Label Finished Mattresses

. Components for Home Furniture and Work Furniture

. Flooring Underlayment

. Adjustable Beds

. Bedding Industry Machinery Customers Include

In North America: Adient General Motors Lowe’s Simmons Ashley Furniture Haworth Magna Berkshire Hathaway HNI Mattress Firm Steelcase Best Home Furnishings Home Depot MCF Tempur Sealy Casper JLG (Oshkosh) MillerKnoll Toyota Boshoku Eaton La-Z-Boy Toyota Industrial Equip Ford Lear Resident Home Tuft & Needle GE Aviation Lincoln Electric Walmart

In Europe and Asia: Bensons Fritz HansenKuka Sanyo Dreams Hay Natuzzi Silentnight Beds Emma Hilding Anders Profim Sleepeezee Faurecia Howe Recticel Volkswagen

Diverse Customer Base – Low Concentration

Macro Indicators

Consumer confidence . More crucial than home sales since majority (~2/3rds) of bedding/furniture purchases are replacement of existing product . “Large ticket” purchases that are deferrable

Total housing turnover . Combination of new and existing homes sales

Employment levels

Consumer discretionary spending

Interest rate levels Cost Structure . Costs are roughly 75% variable, 25% fixed . Incremental/decremental volume  25ꟷ35% contribution margin . Cost of Goods Sold composition (approximate):  60% Materials, composed of: • Steel ~25% of RMs • Chemicals ~15% of RMs • Woven & non-woven fabrics ~10% of RMs • Foam scrap, fibers ~3% of RMs • Titanium, nickel, stainless ~2% of RMs • Others, including sub-assemblies, hardware, components, finished products purchased for resale, etc. ~45% of RMs  20% Labor (includes all burden and overhead)  20% Other, composed of: • Depreciation, utilities, maintenance, supplies – each ~3% of COGS • Shipping/transportation ~10% of COGS • Other also includes rent, insurance, property tax, etc.

Commodity Impact

Steel

. Main categories are scrap, rod, and flat-rolled . Impact from inflation/deflation  Typically pass through; lag is ~90 days . Change in metal margin (mkt price for rod – mkt price for scrap) also impacts earnings  Our scrap cost and rod pricing moves with the market; large swings could cause Bedding Products segment earnings volatility

Chemicals

. Main types are TDI, MDI, and polyols . Impact from inflation/deflation  Typically pass through; lag is ~30 days International Mix Trade Sales, $mln1 2000 Europe China MX & Canada Other 1800

1600 2% 2%

1400 2% 2%

2% 10% 1200 12% 2% 2% 10% 11% 9% 1000 8% 8%

800 10% 12% 9% 11% 600 10% 10% 10%

400

11% 11% 200 11% 11% 12% 12% 10%

0 2014 2015 2016 2017 2018 2019 2020

1 Percentages in the chart are based on location of our production, which may differ from the end markets in which finished products are eventually consumed.

Strong Peer Group Diversified Manufacturers w/ Ticker & Fortune 1000 Ranking (May 2021) Leggett Ranking = 569 CSL Carlisle 563 ITW Illinois Tool Works 229 DHR Danaher 161 IR Ingersoll Rand 881 DOV Dover 433 MAS Masco 384 ETN Eaton Corp n/a PNR Pentair n/a EMR Emerson 176 PPG PPG Industries 209

Characteristics of the Group Multiple Business Segments Primarily Manufacturers Sell Mainly to Other Manufacturers In “Old Economy” Markets Low Customer Concentration Complex; Hard to Grasp Stamp, Cast & Machine Materials Old, Established Firms Moderate Labor & Capital Intensity Diverse Products Everyday, Everywhere

When investors first learn about Leggett & Platt, they are sometimes surprised to find an S&P 500 company they haven’t discovered before – especially one with our track record and 138- year history.

We are less well known because most of our products are sold to other manufacturers (as vital components found within their finished goods). Though our name may not be familiar to you, we’re fairly certain you use our products all the time.

Below we highlight everyday settings where our components are found. You’ll quickly realize that our products are everywhere. Whether in the bedroom, living room, work environment, or car, it’s virtually certain that Leggett & Platt is there.

Your bed likely contains Leggett & Platt components of some sort – springs, specialty foam, fabric, etc. And you may even sleep on one of our finished compressed mattresses sold by many leading bedding brands. If you sleep on an adjustable bed (one that allows the head and foot of the bed to raise into various comfort positions), we may have made it too.

Many furniture makers use Leggett & Platt mechanisms in their motion furniture (chairs and sofas that recline). We also provide wire, springs, and other components used to produce upholstered furniture.

You’ll find our products throughout your home. There’s a good chance our carpet pad is under your carpet and your draperies may be lined with our structural fabrics.

If the chair you use in your work environment swivels, tilts, or adjusts, it’s possible that the mechanism or other components came from Leggett & Platt. We produce finished soft seating for several top work furniture brands so you may be using our products when you work in collaborative spaces. We may have also produced the pad beneath your office carpeting.

Our components are found in vehicles produced by virtually all global OEMs. From the adjustable lumbar or massage units in your seat back to the wire suspension under your seat cushion, to the motors, actuators, and cables that allow powered features to work, your car almost certainly contains products made by us.

We’re all around you! You’ll find Leggett & Platt components in airport seating, commercial airplanes, hotel rooms, along interstates and highways, and on construction sites. We’re in overhead garage doors, large farm machinery, and lift trucks. We could continue on with other examples.

Hopefully this helps you understand why we feel quite comfortable saying you probably encounter our products everyday, everywhere! HIGHLIGHTS OF PAST 24 MONTHS May 2021

May 3, 2021 – Leggett & Platt Reports Record 1Q EBIT and EPS; Increases 2Q Dividend . 1Q sales increased 10% vs 1Q20, to $1.151 billion . 1Q EPS was a first quarter record $.64, an increase of $.31 vs 1Q20 and an increase of $.24 vs adjusted1 EPS in 1Q20 . Board of Directors increased second quarter dividend $.02 to $.42 per share . Changed methodology for valuing domestic steel-related inventory from LIFO to FIFO

February 8, 2021 – Leggett & Platt Reports 4Q and Full Year 2020 Results and Announces 1Q Dividend . 4Q sales grew 3% vs 4Q19, to $1.182 billion . 4Q EPS was a fourth quarter record $.76, an increase of $.12 vs 4Q19 . 2020 sales decreased 10% vs 2019, to $4.28 billion . 2020 EPS was $1.82 and 2020 adjusted1 EPS was $2.13, decreases vs 2019 . 2020 cash flow from operations was $603 million . Board of Directors declared first quarter dividend of $.40 per share

November 2, 2020 – Leggett & Platt Reports Record EPS in 3Q and Announces 4Q Dividend . 3Q EPS was a record $.77, an increase of $.03 vs 3Q19 . 3Q adjusted1 EPS was a record $.80, up $.04 vs 3Q19 adjusted1 EPS . 3Q sales were $1.208 billion, down 3% vs 3Q19 . 3Q cash flow from operations was a record $261 million . Board declared fourth quarter dividend of $.40 per share

August 3, 2020 – Leggett & Platt Reports 2Q Results and Announces 3Q Dividend . 2Q sales were down 30% vs 2Q19, significantly impacted by the COVID-19 pandemic . 2Q EPS was ($.05), a decrease of $.69 vs 2Q19; 2Q adjusted1 EPS was $.16, down $.48 vs 2Q19 . Liquidity at June 30, 2020 was $1.3 billion . Board declared third quarter dividend of $.40 per share

May 15, 2020 – Leggett Announces Dividend, Annual Meeting Results and Credit Agreement Amendment . Second quarter dividend of $.40 per share . Indicated dividend yield of 5.9%, one of the highest among the S&P 500 Dividend Aristocrats . Annual meeting addressed four items of business; voting aligned with Board recommendations . Amended existing credit agreement to allow for additional liquidity

May 4, 2020 – Leggett & Platt Reports 1Q Results and COVID-19 Impacts . Crisis response team managing health and safety issues and a comprehensive plan for safe and productive long-term operation . Sales remained at weekly average levels that were consistent with 2019 through mid-March; rapid declines in last two weeks of first quarter have stabilized through the first three weeks of the second quarter and are currently at approximately 55% of average levels . Aggressive cost reductions; aligned variable cost structure to current demand levels; eliminated non-essential expenses; expect full year fixed cost reduction of $130ꟷ$150 million . Liquidity, as of March 31, of $734 million; $506 million of cash and $228 million in available capacity under our commercial paper program, backed by a revolving credit facility . Reduced full year capital expenditure budget by over 60% to $60 million; halting acquisitions; remaining 2020 debt maturities of $37.5 million with no significant debt maturities until August 2022

1 Please refer to attached tables for Non-GAAP Reconciliations February 3, 2020 – Leggett & Platt Report 4Q and Full Year 2019 Results . 4Q sales grew 9%, to $1.14 billion . 4Q EPS was $.64 and 4Q adjusted1 EPS was $.68, increases vs 4Q18 . 2019 sales increased 11%, to $4.75 billion . 2019 EPS was $2.47 and 2019 adjusted1 EPS was $2.57, increases vs 2018 . 2019 cash flow from operations was a record $668 million

November 5, 2019 – Leggett Announces Executive Promotions and New Segment Structure . Karl Glassman, the Company’s President and Chief Executive Officer will become Chairman of the Board and will maintain his current position as Chief Executive Officer. . Mitch Dolloff will assume the role of President and will maintain his current position as Chief Operating Officer. He will serve as President of the new Bedding Products segment until a successor segment president is appointed. Mitch will also join Leggett’s Board of Directors. . Steve Henderson, Vice President and President of Leggett’s Automotive Group will become Executive Vice President and President of the Specialized Products segment and the new Furniture, Flooring & Textile Products segment.

November 5, 2019 – Leggett & Platt Announces Dividend and New Board Member . Fourth quarter dividend is $.40 per share, an increase of 5.3% versus 4Q 2018 . Board of Directors announced the election of new board member, Mary Campbell

October 28, 2019 – Leggett & Platt Reports 3Q Results . 3Q sales grew 14%, to $1.24 billion . 3Q EPS was $.74, an increase of $.07 vs. 3Q18; 3Q adjusted1 EPS of $.76, up $.10 vs 3Q18 . 3Q cash flow from operations was a strong $213 million

August 6, 2019 - Leggett Announces New Chief Financial Officer . Jeffrey L. Tate will join Leggett as Executive Vice President and Chief Financial Officer effective September 3, 2019

July 29, 2019 – Leggett & Platt Reports 2Q Results . 2Q sales grew 10%, to $1.21 billion . 2Q EPS of $.64, an increase of $.01 vs 2Q18 . 2Q cash flow from operations of $172 million

July 18, 2019 – Leggett Announces Perry Davis to Retire . Perry Davis, Executive Vice President and President of Residential Products and Industrial Products to retire in early 2020

Company History

1880 1890 1900 1910 1920 1930 1940 1950 1960 1970 1980

1901 Leggett & Platt is incorporated. 1970 1960 The Company begins producing Harry M. Cornell Jr., J.P. Leggett’s steel motion hardware for the grandson, is elected President and Home Furniture market, allowing 1883 CEO, taking over for his father American inventor J.P. Leggett upholstered seating to rock, (J.P. Leggett’s son-in-law). develops the idea for a spiral steel recline, and swivel. coil bedspring and partners with 1947 Leggett & Platt operates four plants blacksmith and future brother-in-law in three states (Missouri, Kentucky, C.B. Platt to form Leggett & Platt. and Texas) and has 500 employees. 1926 LEG Leggett & Platt completes the construction of its new combined manufacturing and 1967 Corporate office facility. Initial public offering of Leggett & Platt stock. 1970 The Company begins drawing steel wire primarily for internal use.

1953 Harry M. Cornell Sr. becomes president. 1885 1933 The L&P bedspring is patented. The Company begins Consisting of single cone spring manufacturing springs for wire coils, formed and interlaced innerspring mattresses, paving the 1979 in a unique manner and mounted way for a diversified product lineup Leggett & Platt stock listed on the on a wood slat base, it is used that would eventually include New York Stock Exchange. as a resilient, durable base for rollaway beds, folding metal cots, then-popular cotton, feather, and bed frames, and bed rails. horsehair mattresses. 1980 1990 2000 2010 2020

2007 2016 2021 The Company unveils a The Company successfully Today, Leggett & Platt new strategic direction. divests a majority of its products can be found nearly The Company focuses on underperforming businesses everywhere. Operations include divesting underperforming and turns its attention to 135 production facilities in businesses, improving margins profitably growing revenues. 17 countries. 1984 1993 1999 and returns, and returning The Company is the leading The Company continues to The Company enters the The Company enters the cash to shareholders through US-based producer of: build its global footprint by Non-Woven Fabric market. Adjustable Bed market, and increasing the dividend and entering the Work Furniture is now the largest producer share buybacks. • Bedding components market. Today L&P produces of adjustable beds in components and select lines of North America. • Automotive seat support private-label finished furniture. and lumbar systems • Specialty bedding foams and private-label finished mattresses 2018 • Components for home 2012 and work furniture 1999 Leggett enters the Aerospace The Company enters the Felix E. Wright is elected CEO market, producing exotic Hydraulic Cylinders market. • Flooring underlayment after Harry M. Cornell Jr.’s 2002 metal tubing and fabricated • Adjustable beds 1986 retirement. L&P begins producing steel assemblies for fluid conveyance. The Company enters the rod in Sterling, IL, primarily • Bedding industry Flooring Products market. for use in the Company’s machinery wire-drawing facilities.

S&P 500 2019 1999 L&P acquires Elite Comfort Leggett & Platt becomes part Solutions, a leader in 2015 proprietary specialized foam of the S&P 500 Index. Karl G. Glassman is elected CEO. technology for the bedding and 1988 2006 furniture industries, for $1.25 The Company enters the David S. Haffner is elected CEO. billion – the Company’s largest Automotive market by acquisition to date. producing seating components.

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