Slide 1: Investor Presentation | November 2022
Interface’ Investor Presentation | November 2022
Slide 2: Forward Looking Statements and Non-GAAP Measures
Forward Looking Statements and Non-GAAP Measures -BICLI}U] This presentation contains forward-looking statements, including, in particular, statements about Interface’s plans, strategies and prospects. These are based ‘on the Company’s current assumptions, expectations and projections about future e
Slide 3: Who We Are
At Interface, we believe flooring is more than what you walk on. -BICLI}U] Who We Are Gy) ©) 2 s) cas Leading Established Dedicated Global Engaged provider of brand with a to performance manufacturing customer-centric commercial history of and improving capabilities and purpose- flooring: carpet inn
Slide 4: Interface is a global leader in commercial flooring
Interface at a Glance Interface is a global leader in commercial flooring -BICLI}U] Recognized leader in First cradle-to-gate 49 years sustainability carbon negative of innovation commercial carpet tile
Slide 5: Interface: a compelling investment
Interface at a Glance Interface: a compelling investment -BICLI}U] Premium brands with attractive margins and leadership in core categories Interface’ nora by Interface» FLOR Carpet Tile LVT Rubber 5
Slide 6: Diversified portfolio positioned for growth
Interface at a Glance Interface: a compelling investment -BICLI}U] Diversified portfolio positioned for growth with strength across market segments 58% Americas 29% ZATS EMEA 13% APAC United States Germany Australia Revenue by Region 52% ; Non-office VN am) 48% Rivard 4 Office Corporate Education He
Slide 7: Interface: a compelling investment
Interface at a Glance Interface: a compelling investment We are global leaders in... -BICLI}U] ... with a strong financial foundation ... and unwavering commitment to our people commitment to meaningful | winning culture talent development DEI progress
Slide 8: Strengths to Leverage, Opportunities for Growth
Interface at a Glance Interface: a compelling investment -BICLI}U] Strengths to Leverage Opportunities for Growth + Selling system and customer partnerships * Build our brands and amplify our message + Sustainability leadership + Leverage our global scale + Manufacturing expertise * Profit margin in
Slide 9: Positioning
Ey = © = ry 9 © Interface Positioning
Slide 10: Attractive Product Portfolio
Interface Positioning Attractive Product Portfolio Carpet Tile Industry-leading cradle-to-gate carbon negative carpet tile Biomimicry-inspired design (i2) No glue installation with TacTiles® Faster, more profitable installation for contractors Recyclable via our ReEntry® program Carbon Neutral Floor
Slide 11: Leading Global Provider of Commercial Flooring Solutions
Interface Positioning Leading Global Provider of Commercial Flooring Solutions Total global commercial flooring market = $39 Billion Interface served market = $9+ Billion, up from ~$4.2 Billion prior to 2017 * Global share leader in $5B Carpet Tile segment (now exceeds Broadloom segment globally) *
Slide 12: Participating in Attractive Commercial Flooring Segments
Interface Positioning Participating in Attractive Commercial Flooring Segments Interface serves growing Segment Size vs. Forecasted Growth and Gross Margin segments of hard and sae soft surface with the Bubble size = Global commercial value of category, 2019 highest margins. 12% e- 10% 8 8% ox 5 a C
Slide 13: Brand Leader in the Specified Channel
Interface Positioning Brand Leader in the Specified Channel -BICLI}U] Interface competes on design, sustainability and innovation, Global Carpet Tile Price Categories commanding a premium price point and industry leading margins. Share leader in the specified and end user channels of commercial carp
Slide 14: Global Sales and Manufacturing Platform
Interface Positioning Global Sales and Manufacturing Platform -BICLI}U] Americas Europe Asia-Pacific 58% 29% 13% + Sales & marketing offices in of Net Sales of Net Sales of Net Sales over 45 locations across 20 countries + Global account management . + Six manufacturing locations on 5 : ae four cont
Slide 15: Diversified Customer Verticals
Interface Positioning Diversified Customer Verticals Government 48% Corporate 10% Healthcare 17% Education Revenue by Vertical 5% 4% 2% 2% Retail Other Residential ~~ Consumer Hospitality Living Residential Note: Figures represent LT 03 2022or Interface and nora combined, Tigures in chart may nt sum
Slide 16: ESG
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Slide 17: ESG Overview
ESG Overview 2021 ESG Highlights Environmental Sustainability in Action + Received validation of our 2030 greenhouse gas reduction targets as science-based from the Science-Based Targets initiative (SBTi) + Continued to deliver flooring products that are carbon neutral across their full product life
Slide 18: Click here to access our 2021 ESG Report
Click here to access our 2021 ESG Report, Design With Purpose This report highlights our progress to reduce environmental impacts, cultivate social responsibility, and operate with strong governance.
Slide 19: Financial Performance
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Slide 20: Financials At-a-Glance
Investor Presentation Financials At-a-Glance Q3 Net Sales Currency Neutral 2022 $327.8 $346.7 +4.8% YoY +10.9% YoY Net Sales Net Sales Net Debt / Adjusted EBITDA LTM $1,302.0 2.4x 66 Adjusted SG&A 24.2% % of Net Sales Adjusted EBITDA $187.6 14.4% of Net Sales Adjusted Operating Income $31.2 9.5% of
Slide 21: GAAP Financial Results
Financial Performance GAAP Financial Results (Sin millions, except EPS) Net Sales Gross Profit % of Net Sales SG&A Expense % of Net Sales Restructuring Charges Operating Income % of Net Sales Net Income % of Net Sales Diluted EPS 2% 28% 26% -BICLI}U] First Nine Mont $962 $861 12% 332 311 7% 34.5% 36
Slide 22: Adjusted Financial Results
Financial Performance Adjusted Financial Results* -BICLI}U] Net Sales $328 $313 5% $962 $861 12% Adjusted Gross Profit 110 108 3% 339 316 7% % of Net Sales 33.7% 34.5% 35.2% 36.7% Adj SG&A Expense 79 78 2% 238 234 2% % of Net Sales 24.2% 24.8% 24.8% 27.2% Adjusted Operating Income 31 30 4% 100 81 24
Slide 23: Earnings Metrics
Financial Performance Earnings Metrics* Adjusted EBITDA $ million $197 $185 ) 2017 2018 2019 * See Appendix for a reconeillation of Non-GAAP figures -BICLI}U] Adjusted Earnings Per Share (Diluted) $1.59 $169 $1.49 $ $1.41 146 $1.23 | : 2020 2021 u™ 2017 2018 2019 2020 2021 L™ 03 2022 a3 2022 23
Slide 24: Capitalization and Liquidity
Financial Performance Capitalization and Liquidity* ito $ million Cash $103 397 $81 $81 $79 2017 «2018 »=— 2019 2020S 2021-3. 2022 Net Debt $538 gs45 BTA oy SAD $143 | | 2017 = 2018» -2019 2020-2021 Q3. 2022 * See Appendix for a reconciliation of Non-GAAP figures Total Debt $230 2017 Net Debt / Adju
Slide 25: Financial Policy
Financial Policy a2ej193U] Balance capital allocation across investment in the business, managing our leverage ratio, and returning capital to shareholders. a Reduce debt Optimize cost of capital and target Net Debt / Adjusted EBITDA < 2.0x Capital Deployment Philosophy Reinvest in the business Inve
Slide 26: Appendix
Interface Appendix
Slide 27: Reconciliation of Non-GAAP Figures
Appendix Reconciliation of Non-GAAP Figures (Sin millions) Net Sales as Reported (GAAP) Impact of Changes in Currency Currency Neutral Sales Gross Profit as Reported (GAAP) Purchase Accounting Amortization Thailand Plant Closure Inventory Write-Down Adjusted Gross Profit SG&A Expense as Reported (GA
Slide 28: Reconciliation of Non-GAAP Figures
Appendix Reconciliation of Non-GAAP Figures (Sin millions) Net Income (Loss) as Reported (GAAP) Purchase Accounting Amortization Thailand Plant Closure Inventory Write-Down Restructuring, Asset Impairment, Severance and Other Charges Warehouse Fire Loss Loss on Discontinuance of Interest Rate Swaps
Slide 29: Reconciliation of Non-GAAP Figures
Appendix Reconciliation of Non-GAAP Figures First Nine. First Nine Months Months {Sin mitions) 3.2021 03 2022 2021-2022 Net Income as Reported (GAAP) $110 «$141 $34 «$442 Income Tax Expense 52 64 130 23 Interest Expense (including debt issuance cost amortization) 17 7 23 218 Depreciation and Amortiz