Interface, Inc. · NASDAQ:TILE

Interface — Investor Presentation (May 2024)

25 slides from Interface's investor presentation, May 3, 2024

1. Slide 1: Investor Presentation | May 2024

   Investor Presentation | May 2024

2. Slide 2: Forward Looking Statements and Non-GAAP Measures

   2 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 about future events. Al

3. Slide 3: At Interface, we're Made for More: Who We Are

   3 At Interface, we’re Made for More Who We Are Leading Established GlobalDedicated Engaged provider of commercial flooring: carpet tile, rubber, and LVT brand with a history of innovation and a commitment to the pursuit of sustainability to performance and improving the built environment, industry,

4. Slide 4: Interface is a global leader in commercial flooring

   Interface is a global leader in commercial flooring 4 $1.3 billion in net sales in FY2023 3,600 global employees 6 manufacturing locations on 4 continents ATL headquartered in Atlanta, GA Recognized leader in sustainability with over 50 years of innovation First cradle-to-gate carbon negative commer

5. Slide 5: Diversified Geographically and Customer Verticals

   59% Americas 30% EMEA 11% APAC REVENUE BY REGION Diversified Geographically and Customer Verticals 5 Note: Figures represent LTM Q1 2024, figures in chart may not sum to 100% due to rounding 49% Corporate Office 19% Education  Highest penetration of carpet tile vs broadloom  Global account managem

6. Slide 6: Interface: a compelling investment

   Interface: a compelling investment 6 We are global leaders in… … with a strong financial foundation Design InnovationSustainability attractive margins strong liquidity healthy balance sheet Im ag es © C hr is to ph er P ay ne / Es to … and unwavering commitment to our people winning culture commitme

7. Slide 7: Interface: a compelling investment - Strengths to Leverage

   Interface: a compelling investment 7 Strengths to Leverage  Selling system and customer partnerships  Sustainability leadership  Manufacturing expertise  Diversified portfolio  Strong cash generation and balance sheet Opportunities for Growth  Reset operating model to one global company with s

8. Slide 8: Interface Positioning

   Interface Positioning

9. Slide 9: Attractive Product Portfolio

   Attractive Product Portfolio 9 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 Luxury Vinyl Tile (LVT)  Crea

10. Slide 10: Leading Global Provider of Commercial Flooring Solutions

    Total global commercial flooring market = $38.5 Billion Interface served market = $9+ Billion  Global share leader in $4.9B Carpet Tile segment (now exceeds Broadloom segment globally)  Leader in high growth $3.4B LVT segment  Entered $1.0B Rubber segment in 2018, acquisition of nora, the categor

11. Slide 11: Brand Leader in the Specified Channel

    - 20 40 60 80 100 120 Low End Mid-Range High End Brand Leader in the Specified Channel 11 Interface competes on design, sustainability and innovation, commanding a premium price point and industry leading margins. Source: 2023 World Map – Contract Carpet Tiles (AJCP Associates) Opportunity to expand

12. Slide 12: Global Sales and Manufacturing Platform

     Physical presence in 18 countries  Global account management  Six manufacturing locations on four continents  Global supply chain management  Unique blend of efficiency and customization Note: Figures represent LTM Q1 2024 Americas 59% of Net Sales Europe 30% of Net Sales Asia-Pacific 11% of N

13. Slide 13: ESG Overview

    ESG Overview

14. Slide 14: Recent ESG Highlights

    Recent ESG Highlights 14 • Continue to implement our Climate Transition Plan to make progress on our verified Science Based Targets • Transitioned 100% of our carpet tile product manufactured in Europe to our carbon negative CQuest backing • Expanded our carbon negative-backed carpet tile offering t

15. Slide 15: 2022 Impact Report

    Click here to access our 2022 Impact Report 15 The linked 2022 Impact Report is not a part of, or incorporated into, this presentation 2022 Impact Report This report highlights our commitment to operate in an ethical and sustainable manner that benefits all stakeholders – employees, customers, share

16. Slide 16: Financial Performance

    Financial Performance

17. Slide 17: Financials at a Glance

    Financials at a Glance 17 Currency Neutral Net Sales $290 (2.0%) YoY Net Sales $290 (2.0%) YoY Adjusted SG&A 29.7% % of Net Sales Adjusted Operating Income $25.5 8.8% of Net Sales Net Debt / Adjusted EBITDA 1.7x Net Sales $1,255 Adjusted EBITDA $174 13.9% of Net Sales Adjusted Operating Income $127

18. Slide 18: First Quarter GAAP Financial Results

    ($ in millions, except EPS) 2024 2023 Change Net Sales $290 $296 (2%) Gross Profit 110 96 15% % of Net Sales 38.1% 32.4% SG&A Expense 86 86 (0%) % of Net Sales 29.7% 29.2% Operating Income (Loss) 24 9 158% % of Net Sales 8.4% 3.2% Net Income (Loss) 14 (1) NM % of Net Sales 4.9% (0.2%) Diluted EPS 0.

19. Slide 19: First Quarter Adjusted Financial Results

    ($ in millions, except EPS) 2024 2023 Change Net Sales $290 $296 (2%) Adjusted Gross Profit 112 98 13% % of Net Sales 38.6% 33.3% Adjusted SG&A Expense 86 83 4% % of Net Sales 29.7% 28.1% Adjusted Operating Income 26 15 68% % of Net Sales 8.8% 5.1% Adjusted Net Income 14 4 259% % of Net Sales 4.9% 1

20. Slide 20: Leverage and Earnings Metrics

    Adjusted EBITDA Adjusted Earnings Per Share (Diluted) Net Debt / LTM Adjusted EBITDANet Debt Leverage and Earnings Metrics* 20 $ in millions * See Appendix for a reconciliation of Non-GAAP figures $ in millions

21. Slide 21: Financial Policy

    Financial Policy 21 Balance capital allocation across investment in the business, managing our leverage ratio, and returning capital to shareholders. Reduce debt Optimize cost of capital and target Net Debt / Adjusted EBITDA < 2.0x Reinvest in the business Invest in strategic initiatives with high r

22. Slide 22: Appendix

    Appendix

23. Slide 23: Reconciliation of Non-GAAP Figures

    Reconciliation of Non-GAAP Figures 23 Note: Sum of reconciling items may differ from total due to rounding of individual components (1) Represents insurance (recovery) / loss. . ($ in millions) Q1 2023 Q1 2024 Net Sales as Reported (GAAP) $295.8 $289.7 Impact of Changes in Currency - 0.1 Currency Ne

24. Slide 24: Reconciliation of Non-GAAP Figures

    Reconciliation of Non-GAAP Figures 24 Note: Sum of reconciling items may differ from total due to rounding of individual components (1) Represents insurance (recovery) / loss. (2) Russia and Brazil foreign subsidiaries were substantially liquidated. The related cumulative translation adjustment was

25. Slide 25: Reconciliation of Non-GAAP Figures

    Note: Sum of reconciling items may differ from total due to rounding of individual components * Historical AEBITDA figures have been updated to reflect a change in depreciation and amortization values used to calculate AEBITDA. (1) Represents insurance (recovery) / loss. (2) Russia and Brazil foreig

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