The present invention relates to an exercise mat having improved functionality with respect to carrying items or materials. In particular, the disclosed exercise mat has a generally rectangular main body, the main body being bounded by a first end, a second end, a first side, and a second side, the second end being disposed opposite the first end, the second side being disposed opposite to the first side. The exercise mat has a first handle assembly attached to the main body along the first side of the main body; and a second handle assembly attached to the main body along the second side of the main body. The exercise mat provides a generally planar configuration when used during exercise and a substantially collapsed configuration when the ends are folded over the center region and the mat is lifted by the handles such that material deposited in the center region of the mat is substantially retained therein.