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Investor Presentaiton

FINANCIAL OUTLOOK LEVERAGE OUTLOOK о Finished 2021 with net leverage <1x Committed to quickly deleveraging and now targeting to be below 2.0x gross leverage by mid-year 2023 Share repurchases on hold until gross leverage is <2.0x, which we do not expect to occur in 2022 Net Debt / Adjusted EBITDA Outlook 0.8x 2.9x ≤ 2.0x AC E E cr JC CS cr CS YE 2021 CI C 500 PF YE 2021 for HEYDUDE 70 PF Mid-Year 2023E* * Assumes excess free cash flow used to repay borrowings. Net Debt / EBITDA calculated as: (Total Debt - Cash and Cash Equivalents) / TTM EBITDA 22

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