#1DSW Inc. Acquires Camuto Group SPECIAL CONFERENCE | OCTOBER 10, 2018#2#3DSW INC. DSW ACQUIRES CAMUTO GROUP CAMUTO GROUP Strong consumer franchise with global portfolio of new and emerging fashion brands 3#4DSW INC. Company Overview: Camuto Group ICONIC NAMESAKE & ROBUST BRAND PORTFOLIO Owned Brands DSW ACQUIRES CAMUTO GROUP Licensed Brands Joint Venture Brands VINCE CAMUTO C corso como Jessica Japson E D ELLEN DEGENERES Louise et Cie 1. STATE ENZO ANGIOLINI LUCKY BRAND EST. 1990 Powerhouse brand family founded by Vince Camuto 17 years ago. Success of its footwear business led to growth in 40 licensed categories since 2010. MERCEDES CASTILLO Two B SOLE PLAY BY VINCE CAMUTO MAXSTUDIO Imagine... VINCE CAMUTO SOLE/SOCIETY 4#5DSW INC. DSW ACQUIRES CAMUTO GROUP Creates one of the largest footwear franchises in North America 5#6#7#8DSW INC. DSW ACQUIRES CAMUTO GROUP Significant Advantages in Acquiring Camuto Group's Expertise CAMUTO GROUP Build • $70M-$80M operating expense • Risk from steep learning curve and long lead times (2-3 years) • No immediate scale Buy ✓ Attractive brand portfolio ✓ Established sourcing and design capabilities ✓ Minimize significant growing pains ✓ Incremental revenue base to fund infrastructure 8#9DSW INC. Camuto Group's Extensive Capabilities from Product Design to Distribution Manufacturing locations Distribution location DSW ACQUIRES CAMUTO GROUP Brand Development Product Design Sourcing Distribution Marketing 9#10#11#12#13#14#15#16#17#18#19#20