Interface, Inc. · NASDAQ:TILE
Interface — ESG Presentation (March 2022)
29 slides from Interface's sustainability presentation, March 2022
Slide 1: Environmental, Social and Governance Overview
MARCH 2022 Environmental, Social and Governance Overview
Slide 2: Forward Looking Statements and Non-GAAP Measures
Interface ESG Overview Forward Looking Statements and Non-GAAP Measures 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 ab
Slide 3: Interface is a Leader in Commercial Flooring
Interface ESG Overview Interface is a Leader in Commercial Flooring • Headquartered in Atlanta, GA ($ in millions, except EPS) FY 2021 • 6 manufacturing locations on 4 continents Net Sales $1,200 Adj Operating Income* $122 • 3,600 global employees Adj EPS (Diluted)* $1.23 Net Debt* $421 • Recognized
Slide 4: ESG Highlights
Interface ESG Overview ESG Highlights • Recognized leader in sustainability for over two decades • Purpose-driven company galvanized around our Insert Recognized sustainability mission sustainability insert leader • Allfor ofover our products are carbon neutral across their full two decades product
Slide 5: ESG Oversight
Interface ESG Overview ESG Oversight Interface’s Board of Directors provides oversight of our ESG strategy. Our Nominating and Governance Committee, chaired by our Lead Independent Director, is responsible for monitoring and advising the company’s management regarding environmental, social and relat
Slide 6: ESG Leadership and Transparency
Interface ESG Overview ESG Leadership and Transparency Awards and Recognition • GlobeScan SustainAbility Leaders Report – Interface is a signatory to the UN Global Compact. Our Top 5 Leader (1998-2021) sustainability goals and activities are aligned with the UN Sustainable Development Goals (SDGs).
Slide 7: Our Sustainability Journey: Mission Zero to Climate Take Back
Interface ESG Overview Our Sustainability Journey: Mission Zero to Climate Take Back 1994 1995 1996 1997 2000 Founder, Ray Anderson, declares that Established our ReEntry™ Delivered our first sustainability metrics Delivered the first Formally recognized our goal of Interface is committed to becomin
Slide 8: Significant Reductions in Environmental Impacts from Operations
Interface ESG Overview Significant Reductions in Environmental Impacts from Operations 96% 88% 48% Fewer greenhouse gas Less water used to Of materials in the flooring emissions* make products* products we sell are from recycled or bio-based sources 76% 92% 75% Smaller cradle-to-gate Less waste Rene
Slide 9: Environmental Impact Progress
Interface ESG Overview Environmental Impact Progress GREENHOUSE GAS EMISSIONS PRODUCT CARBON FOOTPRINT – CARPET TILE Net GHG Emissions at Global Carpet Tile Manufacturing Sites per Unit of Output Weighted Average Cradle-to-Gate Carbon Impacts of Carpet Tile Pre-Offsets 20.0 kg CO2e per square meter
Slide 10: Our Climate Commitment
Interface ESG Overview Our Climate Commitment Climate Take Back™ is our commitment to reversing global warming and creating a climate fit for life. We have set a goal to reduce our CO2 emissions across our company and supply chain by 2030 with a target validated by the Science Based Targets initiati
Slide 11: The First Cradle-to-Gate Carbon Negative Carpet Tile
Interface ESG Overview The First Cradle-to-Gate Carbon Negative Carpet Tile Our carpet tile materials are engineered to have a negative carbon footprint during the embodied carbon phase of the carbon life cycle. Guided by materials science, we’ve incorporated innovative new materials to our carpet t
Slide 12: Low Carbon Across Our Carpet Tile Portfolio
Interface ESG Overview Low Carbon Across Our Carpet Tile Portfolio Carpet Tile Carbon Footprint Comparison (U.S.) Cradle-to-Gate, From Raw Material Extraction Through Manufacturing Interface has the lowest carbon footprint 12
Slide 13: All Interface Flooring is Carbon Neutral or Carbon Negative
Interface ESG Overview All Interface Flooring is Carbon Neutral or Carbon Negative All of the flooring products we sell - carpet tile, LVT and rubber - are carbon neutral across their full product life cycle through our third party verified Carbon Neutral Floors™ program. • We have sold 419 million
Slide 14: Responsible Business
Interface ESG Overview Responsible Business Interface embraces and supports core values in the areas of human rights, labor standards, environmental responsibility and ethical practices. We are committed to conducting business in an ethical and responsible manner and leaving a positive impact on our
Slide 15: Purpose-Driven Culture
Interface ESG Overview Purpose-Driven Culture We’re more than a carpet company. Much more. We are a purpose-driven company with a passionate team that shares a unique set of values. Interface is its people. Our core values represent who we are, how we see the world, how we treat each other and our e
Slide 16: Employee Health and Safety
Interface ESG Overview Employee Health and Safety We prioritize the health and safety of our employees at Interface. We are committed to leading our industry in the development and implementation of world-class safety measures to protect the health, safety, and wellbeing of our people. We’ve impleme
Slide 17: Training and Development
Interface ESG Overview Training and Development It is an exciting time to be an Interface employee. We know our employees are also brand ambassadors and provide them with training on how to tell our carbon story and bring stakeholders along on our journey. We also provide employee training that impr
Slide 18: Community Engagement
Interface ESG Overview Community Engagement Interface’s commitment to our people goes beyond our individual employees to include the communities where we live and work around the world. Community involvement activities are incorporated in our regional meetings and activities, providing meaningful en
Slide 19: Our Diversity, Equity & Inclusion (DEI) Commitment
Interface ESG Overview Our Diversity, Equity & Inclusion (DEI) Commitment When we embrace the diversity of our community and commit to an equitable, inclusive culture, we are living our Interface values. We are engaging and collaborative, seeking input from our employees to make sure underrepresente
Slide 20: DEI | 2021 Accomplishments
Interface ESG Overview DEI | 2021 Accomplishments We made significant progress in 2021, including establishing a foundational framework, procuring and deploying best- in-class tools and platforms, and leveraging internal and external communications channels to amplify our messages. Implemented Wor
Slide 21: DEI | 2020 US Workforce Composition
Interface ESG Overview DEI | 2020 US Workforce Composition Interface is an equal opportunity employer. We provide equal employment opportunity to all applicants and employees without regard to race, color, religion, sex, national origin, age, disability, protected veteran status, or any other protec
Slide 22: DEI | 2022 Benchmarks for Success
Interface ESG Overview DEI | 2022 Benchmarks for Success Strategy Development Implementation We will continue our efforts in 2022 to deliver on and realize • Analyze employee experience survey • Drive education and DEI awareness our DEI commitments. feedback data and Workday HCM through unconscious
Slide 23: Strong Governance
Interface ESG Overview Strong Governance Interface is governed by an esteemed and diverse group of elected directors. Our Board of Directors is committed to maintaining strong corporate governance, which promotes the long-term interests of shareholders, strengthens Board and management accountabilit
Slide 24: Continuing our Leadership
Interface ESG Overview Continuing our Leadership Interface has a long history of sustainability leadership and innovation, and our journey continues as we foster a team of diverse and engaged employees that will lead us into the future of environmentally and socially sustainable business with the ne
Slide 25: Learn More
Interface ESG Overview Learn More Additional Interface ESG information can be found at the following links: ESG Highlights and Data ESG Performance one-pager Sustainability Journey for investors 25
Slide 26: Appendix
Appendix
Slide 27: Reconciliation of Non-GAAP Figures
Appendix Reconciliation of Non-GAAP Figures Full Year Full Year ($ in m illions) Q4 2020 Q4 2021 2020 2021 Net Sales as Reported (GAAP) $276.9 $339.6 $1,103.3 $1,200.4 Impact of Changes in Currency - 3.6 - (23.9) Organic Sales $276.9 $343.2 $1,103.3 $1,176.5 Gross Profit as Reported (GAAP) $96.8 $12
Slide 28: Reconciliation of Non-GAAP Figures
Appendix Reconciliation of Non-GAAP Figures Full Year Full Year ($ in m illions) Q4 2020 Q4 2021 2020 2021 Net Income (Loss) as Reported (GAAP) $19.6 $21.8 ($71.9) $55.2 Purchase Accounting Amortization 1.0 1.0 3.9 4.0 Goodwill and Intangible Asset Impairment - - 119.8 - Impact of Change in Equity A
Slide 29: Reconciliation of Non-GAAP Figures
Appendix Reconciliation of Non-GAAP Figures ($ in m illions) Q4 2020 Q4 2021 Net Income as Reported (GAAP) $19.6 $21.8 Income Tax Expense (Benefit) (13.2) 4.4 Interest Expense (including debt issuance cost amortization) 13.2 7.4 Depreciation and Amortization (excluding debt issuance cost amortizatio