Slide 1: First Quarter FY26: Supplemental Information
FIRST QUARTER FY26: SUPPLEMENTAL INFORMATION September 2025
Slide 2: Forward-Looking Statements
FORWARD -LOOKING STATEMENTS This presentation contains “forward-looking statements” within the meaning of the federal securities laws, including the Private Securities Litigation Reform Act of 1995 (Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934)
Slide 3: Business Overview & Strategic Actions
BUSINESS OVERVIEW & STRATEGIC ACTIONS
Slide 4: Culp, Inc.: Two Leading Businesses in Multi-Billion Dollar Markets
CULP, INC. (NYSE: CULP) TWO LEADING BUSINESSES IN MULTI-BILLION DOLLAR MARKETS BEDDING SEGMENT One of North America’s largest marketers of mattress fabrics for • Market leader in mattress fabrics, covers and related products bedding and upholstery fabrics for residential, commercial, and • Strong U.
Slide 5: Culp Bedding
CULP BEDDING Large-Scale Leader in Consolidated Industry with Significant Barriers to Entry INNOVATIVE PRODUCTS COMPETITIVE STRENGTHS GROWING MARKET SHARE • Knitted fabrics • One of the largest producers of mattress fabrics in North America Market Size • Sewn mattress covers $500-600M 1 • Global man
Slide 6: Culp Upholstery
CULP UPHOLSTERY Market Leader Known for Creative Designs and Innovative Products, with Asset-Light Operating Model INNOVATIVE PRODUCTS COMPETITIVE STRENGTHS GROWING MARKET SHARE • Upholstery fabrics for residential • Outstanding design capabilities furniture markets Market Size • Asset-light flexibl
Slide 7: Liquidity & Capital Base
LIQUIDITY & CAPITAL BASE Top Priority to Aggressively Manage Liquidity/FCF and Debt BALANCE SHEET HIGHLIGHTS As of 8/3/2025 TOTAL LIQUIDITY (in millions) Liquidity in place to navigate current environment. Cash $11.1 Recently extended domestic credit facility for additional three years at U.S. A
Slide 8: Restructured for Profitability Across Market Cycles
RESTRUCTURED FOR PROFITABILITY ACROSS MARKET CYCLES Completed Fiscal 2025 ACTIONS OUTCOMES Consolidated North American Bedding Operations $10 to $11 Million in Projected Annualized Cost Savings and • Closed manufacturing operations and sold facility in Efficiency Gains Quebec, Canada • Moved knittin
Slide 9: FY25 Restructuring Driving Operating Improvement in Challenging Industry Environment
F Y 2 5 R E S T RU C T U R I N G D R I V I N G O P E R AT I N G I M P ROV E M E N T I N C H A L L E N G I N G I N D U S T RY E N V I RO N M E N T 2 2 Poised for Accelerated Improvement in Market Recovery 1. Revenue and Gross Profit referenced in the table above constitute Culp, Inc.’s consolidated n
Slide 10: Fiscal 2026 Integration & Additional Actions
FISCAL 2026 INTEGRATION & ADDITIONAL ACTIONS Cost and Organizational Actions Strengthen Foundation Integration of Stand-Alone Divisions to Synergize Business and Consolidate and Streamline Read Window Operations Leadership Teams • Relocate leased facility in Knoxville, TN into owned • Division Presi
Slide 11: Impacts of Restructuring & Additional Actions
IMPACTS OF RESTRUCTURING & ADDITIONAL ACTIONS Projected Annualized $ Impact Action Financial Impact & Timing FY25 Restructuring Initiatives $10 to $11 Million / completed COGS/SG&A FY25 Administrative SG&A Rationalization ~ $1 Million / completed SG&A FY26 Division Integration ~ $1 Million / Q2 SG&A
Slide 12: Current Market Conditions
Bs@ CURRENT MARKET ) J@ CONDITIONS CULP
Slide 13: Bedding: Current Market Cycle
BEDDING: CURRENT MARKET CYCLE Indications that extremely low demand may be coming to end 26 Annual U.S. Produced Mattress Unit Volume Trends 24.7 24.3 24.1 24 23.5 23.6 23.5 22.5 22 20.9 20.4 20.1 20.1 20 19.2 18.7 18.2 18 16 14 2025e 2026e 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Slide 14: Bedding Current Market Cycle: UBS Excerpts
Excerpts from UBS Global Research July 2, 2025: B E DDI NG CUR R E N T U.S. Hardlines Retail Almost Done Tossing and Turning – Assuming Coverage of M A R KE T CYCL E the U.S. Mattress Industry Our call is that mattress demand is close to bottoming out. After several years of heavy unit declines, we
Slide 15: Global Trade/Tariff Uncertainty
GLOBAL TRADE/ TARIFF UNCERTAINTY Strong U.S. Base and Global Footprint Gives Customers Valuable Optionality and CULP an Increasing Competitive Advantage WHERE WE ARE 15 USA · TURKEY · CHINA · VIETNAM · HAITI
Slide 16: Investment Highlights
B{@ INVESTMENT HIGHLIGHTS Via CULP
Slide 17: Investment Highlights
INVESTMENT HIGHLIGHTS NYSE: CULP • Well-established market position in • Strong relationships with key customers and multiple billion-dollar industries long-term suppliers • Experienced and streamlined • Emphasis on design creativity and product leadership team focused on profitable innovation growt
Slide 18: NYSE: CULP
NYSE: CULP