March 4, 2026
Scott Thompson
Chief Executive Officer
2
Scott Thompson Chairman, President and Chief Executive Officer
Agenda
Cliff Buster Chief Executive Officer, Tempur Sealy
Hansbart Wijnand Executive Vice President, International, Tempur Sealy
Steve Rusing President and Chief Executive Officer, Mattress Firm
Break
Tom Murray Executive Vice President and Chief Marketing Officer
Jonathan Hirst Chief Executive Officer, Dreams
Bhaskar Rao Executive Vice President and Chief Financial Officer
Ǫ&A
3
Global Scale, Vertical Integration:
World's largest bedding company with leading, end-to-end
capabilities from design and manufacturing to retail
Omnichannel Reach s Iconic Brands:
Portfolio of trusted brands and products, reaching consumers wherever
they shop - online, in 2,800+ stores, and through a robust wholesale network
Relentless Innovation s Consumer Insight:
Industry-leading RCD, marketing investment and consumer access fuel product
differentiation and demand as sleep becomes ever more central to health and wellness
Operational Excellence s Leverage:
Structural advantages drive superior efficiency, margin expansion and cash flow
Resilient Cash Generation s Disciplined Capital Allocation:
Robust free cash flow and strong balance sheet supports business reinvestment, acquisitions and shareholder returns
Connected, Proven Leadership:
Seasoned management team with track record of driving execution and growth across all business units
Poised for Industry Recovery:
Uniquely positioned to capture share and drive value as the $120 billion1 global bedding market rebounds
4
Investment Thesis: The Stage Is Set - the Best Is Yet to Come
High-level Strategic Direction | Corporate Governance | Capital Allocation
Leading global
bedding manufacturer
Leading U.S.
bedding retailer
Leading UK
bedding retailer
Tactical Go-to-market Strategy | Operational Excellence | Passionate Customer Service
5
Somnigroup: Facts and Figures
$7.7B2025 sales2
$1.3B2025 adjusted EBITDA3
66%Direct to consumer
2,800+Global store locations
20,000+Talented associates
Present in
100+ markets
70+
production facilities
425+
retail stores
2,100+ owned stores
across 46 U.S. states
5,400+
Sleep Experts
Retails all leading bedding brands
UK's leading bedding retailer with 225+ stores
Vertically integrated manufacturing
6
2025 Sales
50%
34%
16%
Mattress Firm
Tempur Sealy North America Tempur Sealy International 4
Jonathan Hirst CEO
Petra Kasperova CFO
Emma Lang Dan Parsons
Chief Chief
Customer Commercial Officer Officer
Siobhan King
Chief Marketing Officer
Gemma Saunders
Director of People
7
Steve Rusing Doug Manko Katie Curtis
President, CFO EVP,
CEO Information
Technology
George Hanson Chief Digital
Officer
Jody Putnam Chief Retail Officer
Phillip Busker
EVP,
Merchandising
Daria Russell Bill Best EVP, Legal SVP, Supply and General Chain
Counsel
Cliff Buster Scott Vollet CEO EVP, Global Operations
Hansbart Wijnand EVP,
International
Brent Pfister SVP, Brand Management
C NPD
Stefani Norton SVP, U.S.
Sales
Mark Richardson CFO
Jimmy Rose SVP, Global Operations
Drew Miller
Chief Administrative Officer
Dirk Hupfer
SVP, CFO,
International
Scott Thompson CEO
Bhaskar Rao
EVP, CFO
David Montgomery EVP, Business
Development
Tom Murray
EVP, CMO
Kindra Bellis Kindel Nuño
EVP, CIO EVP, CHRO
and General Counsel
Industry-leading Management
Our Mission and Vision
MISSION
Transform how the world sleeps
VISION
Be every customer's choice for better sleep by advancing innovation and expertise
We have sold over 300 million sleep products in the last decade to help improve the health of people worldwide
8
State of the Industry TodayU.S. Produced Mattress Units1
2023-2025 demand was below Great Recession demand trough
Allocation of U.S. Industry Ad Spend5
Industry-wide reductions in upper funnel advertising spend have constrained consumer awareness
25.0
24.0
23.0
24.3
22.5
23.5
23.6
23.5
24.1
24.7
7.5%
7.0%
U.S. Produced Units (Millions)
22.0
21.0
20.0
20.1
20.G
20.4
6.5%
27%
73%
48%
52%
5G%
41%
36%
36%
62%
62%
U.S. Produced Units / U.S. Population
6.0%
19.0
18.0
17.0
16.0
15.0
18.1
18.0
16.7
15.G
5.5%
5.0%
4.5%
64%
64%
38%
38%
2019 2020 2021 2022 2023 2024 2025
2009
20-year
Trough
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
U.S. Produced Units 10-Year Average
20-Year Trough (2009) U.S. Produced Units / U.S. Population
Lower Funnel Upper Funnel
9
Bedding Demand Poised to Normalize From Current Levels
2025 was ~11.4 million units
below the long-term trendline,
underscoring the potential for near-term demand stabilization
30
25
20
15
10
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Total U.S. Produced Units1
Trend Line (Based on 2011-2021 CAGR)
The bedding industry
is structurally intact and supported by long-term drivers
Growing focus on
health and wellness
Consumer-centric innovation
Investments in
upper-funnel advertising
Improved consumer confidence
Housing formation growth
Aging population 10
PRODUCTS BRANDS CHANNELS
Somnigroup Is Uniquely Positioned
We are the only company in the industry with global leadership across the value chain
Advantages across
products, brands, channels
Differentiated
technologies
Regular product launch cycle
Iconic
brands
Leading U.S. industry marketing spend
Robust retail
footprint
Global omnichannel presence
11
Vertical Integration Is Our Key Differentiator
We leverage each stage to create customer value, drive operating efficiency, improve product performance and enhance returns
01
Innovation
02
Production
03
Marketing
04
Wholesale Distribution
05
DTC Retail
4 industry-leading lab sites
110,000+ square feet of RCD
70+ strategically located plants globally, supported by resilient supply chains
$700M+ annual advertising spend
20,000+ third-party retail doors
2,800+ retail stores globally
40+ e-commerce platforms
12
Our Strengths Create a Powerful Flywheel
Shareholder returns
Strategic
optionality
Broad omnichannel distribution
Strongest share of voice drives traffic and conversion
Benefits to shareholders
Benefits to consumers
Innovative products with iconic brands
Scale across the value chain
Benefits to partners
Reinvestment in operations
Operational leverage drives margin and cash flow
13
2028 Targets6
2026-2028 CAGRs
Adjusted EPS3 +24%
Sales +MSD%
Adjusted EBITDA3 +Mid-teens%
14
Cliff Buster
Chief Executive Officer Tempur Sealy
15
Tempur Sealy Overview
Tempur Sealy Sales
Wholly owned
Third-party distributors
26% 25%
74%
North America International4
Wholesale Direct
75%
2025 Sales⁷
$4.GB
2025 Adjusted EBITDA3
$1.0B
Present in 100+ markets 70+ manufacturing facilities 425+ owned retail stores
20,000 third party retail doors globally
Complementary portfolio
of brands and private labels
16
Competitive Position Built on Four Structural Advantages
Consumer-centric Innovation
Comprehensive Brand and Product Portfolio
Advanced Manufacturing Capabilities
Omnichannel Strategy
17
Consumer-Centric Innovation Pipeline
Consumer insights into sleep needs drive targeted product development
01
Improved quality of sleep
Our research shows the top drivers of purchase decisions5 include:
Key innovation
focus areas
Quality C
Durability
02
Relief from pain and discomfort
Support
03
Upgraded rest and relaxation
Comfort
Climate
We further leverage our insights to educate retailers on these purchase motivators, enabling optimized merchandising and advertising
Sleep Tracking
Snoring
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75+ dedicated new product development employees;
$30M+ RsD budget; 4 RCD facilities totaling 110,000 square feet
Purpose-driven product solutions are developed to meet specific consumer sleep needs
Tempur Breeze® C ActiveBreeze®; ProSmart bases; Intellicoil (Stearns C Foster®); PrecisionFit (Sealy®)
Discernable, consumer-preferred features
and benefits drive higher ASP and mix
2025 PDMA Outstanding Corporate Innovator Award
SleepTracker, developed with FullPower-AI over the past seven years, provides a unique and proprietary sleep technology platform,
and we recently invested and extended our global license by 10 years
19
Industry-Leading InnovationMeeting the Full Spectrum of Consumer Needs
PERFORMANCE "I want better sleep quality and recovery."
WELLNESS "I want to rejuvenate my body and mind." LUXURY "I want high-quality, luxurious materials." INREDLUIALGBEILNITCYE "I want to reward myself after a busy day."
RELIABLE "I want a no-frills product I can trust."
VALUE "I want the best deal out there."
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