InvestorPresentation

4th Quarter 2017

Forward Looking StatementsThis presentation contains "forward-looking" statements based on current expectations regarding future plans, events, outlook,objectives and financial performance, expectations for future sales growth and earnings per diluted share (GAAP and non-GAAP).Forward-looking statements can be identified by words including “expect,”“believe,”“anticipate,”“estimate,”“may,”“will,”“would,”“could,”“confident”or other similar words, phrases or expressions. Forward-looking statements involve known and unknown risksand uncertainties, which may cause the Corporation's actual future results and performance to differ materially from expectedresults. These risks include but are not limited to: general economic conditions in the United States and internationally;unfavorable changes in the United States housing market; industry and competitive conditions; a decline in corporate spending onoffice furniture; changes in raw material, component or commodity pricing; future acquisitions, divestitures or investments; the costof energy; changing legal, regulatory, environmental and healthcare conditions; the Corporation’s ability to successfully completeits business software system implementation; the Corporation’s ability to implement price increases; changes in the sales mix ofproducts; the Corporation's ability to achieve the anticipated benefits from closures and structural alignment initiatives; and forcemajeure events outside the Corporation’s control. A description of these risks and additional risks can be found in theCorporation's annual and quarterly reports filed with the Securities and Exchange Commission on Forms 10-K and 10-Q. TheCorporation undertakes no obligation to update, amend or clarify forward-looking statements.

Market Leader

3

Office Furniture Hearth

#2 Market Position #1

$2.2BSales

24%76%

Office Furniture

76%

Hearth24%

Supplies Driven

Contract & Other

Sales Channels

HearthOffice Furniture

4

New Construction

Retail Wood & Gas Products

Market DriversOffice Furniture

Source: The Conference Board

CEO Confidence

Total Construction Spending: Office

Source: U.S. Bureau of the Census

Small Business Confidence

Source: National Federation of Independent Business

5

0

10

20

30

40

50

60

70

80

Line represents overall positive vs negative sentiment

Source: Bureau of Labor Statistics

CES Industries: Financial Activities, State and Local Government, Federal Government, Other Services, Professional Business Services, Information, and Education and Health Services

Service Sector Employment

Milli

ons

72

74

76

78

80

82

84

86

80

85

90

95

100

105

110

15 yr. avg: 96

20

30

40

50

60

70

80

90

100

Billi

ons

Single Family Housing Starts

Source: U.S. Census Bureau

Sea

sona

lly A

dj. A

nnua

l Rat

e (K

)

Residential Remodeling Index

Source: Hanley Wood

Oil Prices

Source: U.S. EIA

Market DriversHearth Products

US TemperaturesVariance from Average

Source: U.S. NOAA 6

-4

-2

0

2

4

6

8

Deg

ree

Average

-

200

400

600

800

1,000

1,200

1,400

$0

$30

$60

$90

$120

$150

$0

$1

$2

$3

$4

$5

Dollars per BarrelD

olla

rs p

er G

allo

n

Heating Oil Crude-Brent

60

70

80

90

100

110

120

Breadth and Depth

DistributionBrands

Products Price Points

Tuned and tailored

Solutions for every need High to low

Broadest coverage

7

HouseOf

Brands

Split and Focus

8

LeverageMember Owner Culture with Lean

Supplies--Driven Channel Contract ChannelContractRetail Commercial Image

Herman Miller

Knoll

Steelcase

Haworth

Global

Asian Imports

Market CoverageOffice Furniture

North America

9

HNIBrands

KeyCompetitors

Core, sweet spot

Retail less than 1%

`̀ `̀

`̀

10

New Construction Channel Remodel/Retrofit Channel Specialty Dealer DIY

HNIBrands

KeyCompetitors

Core, sweet spot

`̀

Niche Competitors

Travis

Napoleon

Installing Distributors

Innovative Hearth Products (IHP)

Market CoverageHearth Products

$ in

mill

ions

Operating Cash Flow

Dividends

Solid financial position• Conservative leverage: Debt/EBITDA 1.4x

Significant cash flow generation• Economic profit focus/alignment

Committed to strong dividend• Sustainable and increasing

11

Financial Strength

$0.16

$0.18

$0.20

$0.22

$0.24

$0.26

$0.28

$-

$50

$100

$150

$200

$250

$300

$350

Current Outlook

FY17 Outlook

Non-GAAP EPS $1.88 to $1.95

(PY $2.62)

Up 1 to 4 percent, organically

Down 2 to 5 percent

Up 2 to 5 percent

FY18 Outlook

Non-GAAP EPS $2.15 to $2.65

Up 1 to 4 percent

Up 3 to 6 percent

HNI Earnings Per Share

Office FurnitureNet Sales

Hearth Net Sales

12

2018 Guidance Bridge

13

Incremental Profit

Office 25%Hearth 30%

Price offsetting inflation

Core productivity

&Structural

cost

Amortization&

Comp reset

North America Office Furniture

Structural Cost Benefits

Other Businesses

HearthNew Construction

Long-Term Earnings Growth

$ Growth opportunities

$0.40 - $0.60

$ Structural cost savings

+$0.20

$ Continued growth in single family housing

$0.45 - $0.65

$ Core growth

$0.60 - $0.80

14