Interface Investor Presentation
COVID-19 Response
Balanced approach to navigating COVID-19 crisis – right-sizing the organization in line with
current demand while maintaining customer service and commitment to strategic agenda
HEALTH & SAFETY
Remote working
• Travel and group meeting
restrictions
Facility changes and
behavioral best practices
(social distancing, cleaning
and sanitation)
Compliance with all
government orders and
regulations
Maintaining trust and
communication
●
COST REDUCTIONS
Right-sizing organization to
meet demand
Significant reductions in
discretionary spending
Suspended merit-based pay
increases and 401(k) and NSP
company matching
contributions
Voluntary separations,
involuntary separations,
furloughs and other time-and-
pay reductions
Lower performance-based
compensation and variable
commission compensation
SUPPLY CHAIN
Ensuring continuity and
maintaining service levels
• Global carpet tile
manufacturing with redundant
capabilities that can be flexed
to mitigate interruptions
• Variable/fixed cost mix allows
for scaling down without
significant margin erosion
●
LIQUIDITY
Maintaining strong liquidity
Ample availability under
revolving credit facility
• Current credit facility in place
through 2023
• Moderated capital spending
Adapting our business to the unknown post-COVID future and evolving our strategy
and operations to suit the changing landscape
LO
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