Somnigroup International Inc. · NYSE:SGI
Somnigroup International — Investor Presentation (November 2026)
54 slides from Somnigroup International's investor presentation, Nov 9, 2026
Slide 1: Somnigroup November 2026
NYSE: SGI N o v e m b e r 2 0 2 6
Slide 2: Somnigroup Investment Thesis
Global Scale, Vertical Integration: World’s leading bedding company with end-to-end capabilities from design and component and finished goods manufacturing to retail Omnichannel Reach & Iconic Brands: Portfolio of trusted brands and products, reaching consumers wherever they shop – online, in 2,800+
Slide 3: Somnigroup's Structure
High-level strategic direction • Corporate governance • Capital allocation Tactical go-to-market strategy • Operational excellence • Passionate customer service 3 SOMNIGROUP’S STRUCTURE
Slide 4: Somnigroup: the world's leading bedding company
4 CONSUMER-CENTRIC INNOVATION DIVERSIFIED PORTFOLIO MANUFACTURING & LOGISTICS OMNI-CHANNEL RETAIL • Advanced R&D capabilities driving continuous solutions- based innovation • Diverse brand portfolio includes highly recognized brands • Global manufacturing footprint with advanced manufacturing and lo
Slide 5: Uniquely positioned to optimize consumer experience
5 Optimize investments in sleep technology Improve targeted innovation Drive advertising share of voice Enhance consumer outcomes Accelerate continuous feedback loop Uniquely positioned to optimize consumer experience SOMNIGROUP
Slide 6: Somnigroup's Vertically Integrated Strategy
6 OPERATIONS FACILITIES W I T H RETAIL STORES 36,000+ Employees Manufacturing and R&D facilities Distribution centers Logistics fleet Mattress Firm retail stores Dreams retail stores Tempur® retail stores E-commerce platforms SOMNIGROUP ECOSYSTEM SOMNIGROUP’S VERTICALLY INTEGRATED STRATEGY
Slide 7: Somnigroup's Global Manufacturing Footprint
SOMNIGROUP’S GLOBAL MANUFACTURING FOOTPRINT 7 Includes wholly owned, joint venture, and licensing operations North America Tempur Sealy Tempur (3) Sealy & Other (28) Licensee (1) Leggett & Platt Bedding & Home Furnishings (57) Specialized Products (8) AsiaPac Tempur Sealy Joint Venture (8) Licensee
Slide 8: Somnigroup's Global Brick-and-Mortar Retail Footprint
8 SOMNIGROUP’S GLOBAL BRICK-AND-MORTAR RETAIL FOOTPRINT Includes wholly owned and joint venture locations North America Tempur (123) Mattress Firm (2,152) AsiaPac Tempur (85) Joint Venture (126) Europe Tempur (152) Dreams (237)
Slide 9: Somnigroup's Global E-Commerce Retail Footprint
9 Retail stores include wholly owned and joint venture locations SOMNIGROUP’S GLOBAL E-COMMERCE RETAIL FOOTPRINT Europe Tempur Sealy (20) Dreams (2) North America Tempur Sealy (4) Mattress Firm (1) AsiaPac Tempur (10) Joint Venture (12) With ~20%1 of industry transactions occurring online, our 45+ o
Slide 10: Somnigroup Executive Team
KINDRA BELLIS EVP, CIO DAVID MONTGOMERY EVP, GLOBAL BUSINESS DEVELOPMENT SOMNIGROUP EXECUTIVE TEAM c 10 SCOTT THOMPSON CHAIRMAN, CEO CLIFF BUSTER CEO STEVE RUSING CEO JONATHAN HIRST CEO TOM MURRAY EVP, CMO KINDEL NUÑO EVP, CHRO, GC BHASKAR RAO EVP, CFO KARL GLASSMAN CEO
Slide 11: Somnigroup's Robust Capital Allocation
SOMNIGROUP’S ROBUST CAPITAL ALLOCATION 11 INVESTMENTS IN GROWTH INITIATIVES CAPITAL RETURNED TO SHAREHOLDERS $1B invested in our plants and processes to drive operations $5.6B invested in accretive M&A activities $2B invested in share repurchases $400M+ invested in quarterly dividends 2020 - 2025 2.
Slide 12: Somnigroup 2025 Global Sales
12 SOMNIGROUP 2025 GLOBAL SALES* *Sales are presented on a gross basis, including intercompany sales. This reflects Leggett’s full year 2025 gross sales, adjusted to exclude the divested Aerospace business. The Mattress Firm Direct Bedding and North America direct bedding sales have been adjusted to
Slide 13: A Leading U.S. Bedding Retailer
13 A Leading U.S. Bedding Retailer
Slide 14: Overview – Mattress Firm
OVERVIEW – MATTRESS FIRM 14 LEADING OMNICHANNEL U.S. RETAILER 2,100+ brick-and-mortar retail stores integrated with e- commerce and sleep education platforms to enable a seamless consumer purchase journey STRONG CONSUMER ENGAGEMENT Robust consumer touchpoints with deep insight into evolving preferen
Slide 15: Mattress Firm's Diversified Product Offerings
MATTRESS FIRM’S DIVERSIFIED PRODUCT OFFERINGS 15 Somnigroup Brands and Private Label Other Leading Brands • A leading retailer of Tempur-Pedic®, Sealy®, and Stearns & Foster® branded products • Exclusive retailer of Sleepy’s® and tulo® private label bedding manufactured by Tempur Sealy • A leading r
Slide 16: Competitive Differentiators
SCALE COMPETITIVE DIFFERENTIATORS 16 PRODUCT SELECTION Diverse and curated assortment CONVENIENCE Seamless experience nationwide on and offline RETAIL EXPERTISE Highly trained Sleep Experts EXPERIENCE Personalized to each consumer CONSUMER TOUCHPOINTS Data driven tools improving consumer outcomes LO
Slide 17: Sales Growth Outlook
SALES GROWTH OUTLOOK 17 Drive conversion and AOV through enhanced RSA training Invest in stores and products to improve consumer shopping experience Continuously align brick-and-mortar footprint to consumer demand Drive e-commerce traffic via strategic investments in digital marketing Positioned to
Slide 18: A Leading Global Bedding Manufacturer
18 A Leading Global Bedding Manufacturer
Slide 19: Overview – Tempur Sealy
OVERVIEW – TEMPUR SEALY 19 CORE COMPETENCIES GEOGRAPHICAL CONCENTRATION PRODUCTS SOLD IN COUNTRIES WORLDWIDE Consumer-Centric Innovation Leading Product Brands World-Class Manufacturing Integrated Marketing Extensive Logistics Capabilities ~70% Domestic ~30% International 100+
Slide 20: Competitive Differentiators
COMPETITIVE DIFFERENTIATORS 20 ICONIC BRANDS Consumer preferred supported by advertising DIVERSE PORTFOLIO Wide range of price points and technologies GLOBAL MANUFACTURING Extensive capabilities across 65+ plants LOGISTICS Global integrated logistics operations RESEARCH & DEVELOPMENT Advanced in-hou
Slide 21: Brand Portfolio
BRAND PORTFOLIO 21 TEMPUR-PEDIC®: LEADING WORLDWIDE PREMIUM BEDDING BRAND Tempur-Pedic® uniquely adapts, supports, and aligns to you to deliver truly life-changing sleep $2,300-$10,600* STEARNS & FOSTER®: HIGH-END-TARGETED BRAND The world’s finest beds that are made with exceptional materials, time-
Slide 22: Successful Omni-Distribution Platform
TTM 3Q’26 Sales SUCCESSFUL OMNI-DISTRIBUTION PLATFORM 22 • Significant worldwide sales • Highly profitable • Direct customer relationships E-commerce • Luxury Tempur-Pedic® experiences • Operate approximately 450+ stores worldwide and expanding direct customer relationships • Highly profitable Compa
Slide 23: Key Markets
KEY MARKETS 23 NORTH AMERICA • $45B1 bedding market • Supported by durable replacement demand and increasing consumer focus on health, wellness and sleep quality • Continued opportunities to expand through higher slot velocity, expansion into non-traditional channels, and growing DTC presence INTERN
Slide 24: Sales Growth Outlook
SALES GROWTH OUTLOOK 24 Expand into private label and hospitality segments Grow wholesale through existing and new retail relationships Invest in innovation to meet customer demand Expand direct-to-consumer through e-commerce and company-owned stores Invest in U.S. Sealy and Stearns & Foster® produc
Slide 25: A Leading Global Manufacturer
25 A Leading Global Manufacturer
Slide 26: Overview – Leggett & Platt
68% 25% 7% OVERVIEW – LEGGETT & PLATT 26 ENGINEERING & INNOVATION LEADERSHIP Deep technical expertise and R&D capabilities support differentiated product innovation across components and finished products, supporting leading positions across multiple industries VERTICALLY INTEGRATED BEDDING PLATFORM
Slide 27: Leggett Portfolio: Wholesale Bedding & Furnishings
LEGGETT PORTFOLIO: WHOLESALE BEDDING & FURNISHINGS 27 Leading manufacturer of components and finished products for residential, commercial, and industrial markets BEDDING Vertically-integrated manufacturing capabilities spanning steel rod and wire, innersprings, specialty foam, private label mattres
Slide 28: Leggett Portfolio: Specialized Products
LEGGETT PORTFOLIO: SPECIALIZED PRODUCTS HYDRAULICS • Engineered hydraulic cylinder solutions for leading global OEMs across material handling, transportation and heavy construction, supported by in-house engineering expertise and customized, high-quality manufacturing capabilities AUTOMOTIVE • Leadi
Slide 29: Competitive Differentiators
COMPETITIVE DIFFERENTIATORS 29 SCALE LEADING PORTFOLIO Market-leading component and product assortment VERTICAL INTEGRATION End-to-end bedding manufacturing expertise GLOBAL REACH Expansive manufacturing and distribution footprint R&D Advanced technology and product development DIVERSE END MARKETS B
Slide 30: Sales Growth Outlook
SALES GROWTH OUTLOOK 30 Accelerate innovation and category- leading differentiation Scale proven capabilities across new customers and end markets Positioned to benefit from the U.S. bedding industry normalization Leverage vertical integration to deliver comprehensive solutions Expand customer partn
Slide 31: A Leading UK Bedding Retailer
31 A Leading UK Bedding Retailer
Slide 32: Overview – Dreams
DIVERSIFIED PRODUCT OFFERING Multi-branded strategy comprised of in-house brands, Tempur Sealy brands, and third-party brands OVERVIEW – DREAMS 32 LEADING UK BEDDING RETAILER 225+ brick-and-mortar retail stores, 2,000+ colleagues, and an integrated e-commerce platform attracting over 18M visitors3 a
Slide 33: Financials
FINANCIALS 33
Slide 34: Third Quarter Performance
THIRD QUARTER PERFORMANCE 34 Trailing Twelve MonthsThree Months Ended % ChangeSeptember 30, 2025 September 30, 2026% ChangeSeptember 30, 2025 September 30, 2026 (in millions, except percentages and per common share amounts) 15.1%$6,816$7,84410.8%$2,123$2,351Net Sales 64.8%$315$519-7.8%$177$164Net In
Slide 35: 2026 Outlook
2026 OUTLOOK3 35 Expect full-year adjusted EPS2 of $2.90 at the midpoint Other Modeling Assumptions $330MDepreciation & Amortization $255MCapital Expenditures $240MInterest Expense 25%U.S. Federal Tax Rate 220M sharesDiluted Share Count* • The global bedding industry to be down mid-single digits in
Slide 36: Mattress Firm Acquisition Net Synergies
Total2027 Target2026 Target2025 ActualAdjusted EBITDA1,2 Impact (in millions) $125$0$65$60Sales Synergies $135$50$65$20Cost Synergies $260$50$130$80Total MATTRESS FIRM ACQUISITION NET SYNERGIES3 • Expanded scale and vertical integration drive operational efficiencies across sourcing, manufacturing,
Slide 37: Leggett & Platt Acquisition Net Synergies
Total2028-2029 Target2027 TargetAdjusted EBITDA1,2 Impact (in millions) $75$50$25Synergies LEGGETT & PLATT ACQUISITION NET SYNERGIES3 SYNERGIES • Increase internal sourcing and leverage combined purchasing scale across key raw materials • Optimize manufacturing footprint, distribution network, and b
Slide 38: Target 2028 EPS
TARGET 2028 EPS3 38 2026-2028 Normalized 2026 Adjusted EPS2 and Target 2028 Adjusted EPS2 2026 EPS of $2.90 reflects the 2026 guidance midpoint, which includes approximately $0.10 of accretion from the partial year of Leggett. $2.80 $2.80 $0.10 $0.35 $0.25$2.90 $3.40 $2.00 $3.00 $4.00 $5.00 $6.00 20
Slide 39: Capital Structure
$517 $60 $60 $60 $60 $60 $870 $1,300 $800 $500 $527 $500 0 500 1,000 1,500 2,000 2,500 2027 2028 2029 2030 2031 Thereafter Revolving Credit Facility Term Loan A Securitized Debt 2029 Senior Notes 2031 Senior Notes Term Loan B 2027 Senior Notes CAPITAL STRUCTURE 39 • Leverage2 was 2.7x and liquidity
Slide 40: Thank you for your interest
Thank you for your interest in For more information, please email: investor.relations@somnigroup.com 40
Slide 41: Appendix
APPENDIX 41
Slide 42: U.S. Historical Industry Volumes
U.S. HISTORICAL INDUSTRY VOLUMES1 42 U.S. Produced Mattress Units Source: ISPA, U.S. ITC, management estimates * We believe that imported mattresses have similarly declined in recent years. ** U.S. population is based on data from the U.S. Census Bureau. 18.1 20.1 20.9 22.5 24.3 23.5 23.6 23.5 24.1
Slide 43: SGI View - U.S. Mattress Industry Analysis
SGI VIEW - U.S. MATTRESS INDUSTRY ANALYSIS1 43Source: ISPA, U.S. ITC, management estimates 10 15 20 25 30 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Total U.S. Produced Consumption in Units Trend Line (Based on 2011–2021 CAGR)
Slide 44: Sustainability Initiatives
44 SUSTAINABILITY INITIATIVES Environmental • Expanded our emissions reporting boundary to include manufacturing, logistics, and retail operations across Somnigroup, including Tempur Sealy, Mattress Firm, and Dreams, providing a more comprehensive view of energy consumption and emissions and establi
Slide 45: Forward-Looking Statements
45 This investor presentation contains statements regarding the Company’s expectations of future performance, statements relating to the Company's expectations regarding the Mattress Firm acquisition and the Leggett & Platt acquisition, integration of acquired companies with our business (including
Slide 46: Use of Non-GAAP Financial Measures
46 In this investor presentation and certain of its press releases and SEC filings, the Company provides information regarding adjusted net income, adjusted EPS, EBITDA, adjusted EBITDA, free cash flow, consolidated indebtedness less netted cash, and leverage, which are not recognized terms under U.
Slide 47: QTD Adjusted Net Income and Adjusted EPS
47 QTD ADJUSTED NET INCOME2 AND ADJUSTED EPS2 *For a reconciliation net income to adjusted net income and adjusted EPS in prior reporting periods, please refer to the Company’s SEC filings. Three Months Ended September 30, 2025September 30, 2026(in millions, except per share amounts) $ 177.4$ 163.5N
Slide 48: QTD Adjusted Net Income and Adjusted EPS Footnotes
48 QTD ADJUSTED NET INCOME2 AND ADJUSTED EPS2 *For a reconciliation net income to adjusted net income and adjusted EPS in prior reporting periods, please refer to the Company’s SEC filings. In the third quarter of 2026, we recorded $35.5 million of transaction costs, primarily associated with legal
Slide 49: TTM Adjusted Net Income and Adjusted EPS
49 TTM ADJUSTED NET INCOME2 AND ADJUSTED EPS2 *For a reconciliation net income to adjusted net income and adjusted EPS in prior reporting periods, please refer to the Company’s SEC filings. Trailing Twelve Months Ended September 30, 2026(in millions, except per common share amounts) $ 519.4Net incom
Slide 50: QTD Adjusted EBITDA
50 QTD ADJUSTED EBITDA2 *For a reconciliation net income to EBITDA and Adjusted EBITDA in prior reporting periods, please refer to the Company’s SEC filings. Three Months Ended September 30, 2025September 30, 2026(in millions) $ 177.4$ 163.5Net income 69.958.4Interest expense, net —0.9 Non-cash effe
Slide 51: TTM Adjusted EBITDA
51 TTM ADJUSTED EBITDA2 *For a reconciliation net income to EBITDA and Adjusted EBITDA in prior reporting periods, please refer to the Company’s SEC filings. Trailing Twelve Months Ended September 30, 2026(in millions) $ 519.4Net income 241.6Interest expense, net 0.9Non-cash effects of purchase acco
Slide 52: TTM Adjusted EBITDA Footnotes
52 TTM ADJUSTED EBITDA2 *For a reconciliation net income to EBITDA and Adjusted EBITDA in prior reporting periods, please refer to the Company’s SEC filings. In the trailing twelve months ended September 30, 2026, we recorded $10.0 million of non-cash charges related to fair value adjustments record
Slide 53: Leverage Reconciliation
53 LEVERAGE2 RECONCILIATION *For a reconciliation of leverage to consolidated indebtedness less netted cash in prior reporting periods, please refer to the Company’s SEC filings. We present deferred financing costs as a direct reduction from the carrying amount of the related debt in the Condensed C
Slide 54: Footnotes
54 FOOTNOTES 1 Management estimates, informed by equity research notes and other industry reports 2 Adjusted net income, EBITDA, adjusted EBITDA, adjusted EBITDA per credit facility, adjusted EPS, leverage, and free cash flow are non-GAAP financial measures. Please refer to the “Use of Non-GAAP Fina
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