2020 Highlights and Growth Strategy

NON-GAAP RECONCILIATION Non-GAAP cost of sales, gross profit, and gross margin reconciliation: Three Months Ended December 31, Year Ended December 31, Non-GAAP selling, general and administrative expenses reconciliation: Three Months Ended December 31, Year Ended December 31, 2020 2019 2020 2019 2020 2019 2020 2019 GAAP revenues $ 411,506 $ (in thousands) 262,979 $ 1,385,951 $ 1,230,593 GAAP revenues $ 411,506 $ (in thousands) 262,979 $ $ 1,385,951 1,230,593 GAAP cost of sales New distribution centers (1) COVID-19 inventory write-off (2) Other Total adjustments Non-GAAP cost of sales $ 182,422 (1,550) $ 136,741 (3,413) $ 636,003 (4,186) $ 613,537 (11,394) GAAP selling, general and administrative expenses Donations of inventory $ 164,453 $ 117,882 $ 535,824 $ 488,407 70 (9,900) (2,396) 84 (119) (1,550) $ 180,872 $ (3,329) 133,412 (6,701) $ 629,302 $ (91) (11,485) 602,052 COVID-19 severance costs COVID-19 impact of bad debt Other COVID-19 costs (2) (2,403) (1) expense 315 (4,118) (18) (845) Asset impairments (3) (21,071) (21,071) Duplicate headquarters rent (4) (154) (1,274) GAAP gross profit GAAP gross margin Non-GAAP gross profit Non-GAAP gross margin initial costs for our new third-party operated distribution center in Chiba, Japan. (2) Represents an inventory write-off in our Asia Pacific segment associated with the impact of COVID-19. $ 229,084 55.7 % $ 126,238 $ 48.0 % 749,948 54.1 % $ 617,056 Non-recurring expenses associated with cost 50.1% reduction initiatives in 2019 (584) (2,282) Offering fees (5) (589) (589) $ 230,634 56.0 % $ 129,567 $ 756,649 $ 628,541 Other (6) 8 49.3 % 54.6 % 51.1 % Total adjustments (20,850) (1,173) (2,125) (41,736) (2,871) (1) Represents expenses, including expansion costs, related to our distribution centers in Dayton, Ohio and Dordrecht, the Netherlands and Non-GAAP selling, general and administrative expenses (7) $ 143,603 $ 116,709 $ 494,088 $ 485,536 GAAP selling, general and administrative expenses as a percent of revenues 40.0 % 44.8 % 38.7% 39.79 Non-GAAP selling, general and administrative expenses as a percent of revenues 34.9 % 44.4 % 35.6% 39.5 % (1) Represents bad debt expense associated with the impact of COVID-19 on wholesale partners in our Asia Pacific and Americas segments. (2) Represents costs incurred in response to the COVID-19, including hazard pay, cleaning costs, and legal costs. crocs™ (3) Represents impairments to our long-lived assets for a retail store in New York City and for our former corporate headquarters in Niwot, Colorado. (4) Represents ongoing duplicate rent costs associated with our move to our new headquarters in Broomfield, Colorado, while we conclude the lease for our former headquarters. (5) Represents fees associated with the November 4, 2019 underwritten public offering, in which certain investment funds affiliated with The Blackstone Group Inc. sold 6.9 million shares of our stock to Morgan Stanley & Co. LLC. We did not receive any proceeds from this sale. (6) Represents non-recoverable duties, non -recurring costs related to the closure of company severance costs, and various other immaterial items. -owned retail stores in Australia, employee (7) Non-GAAP selling, general and administrative expenses are presented gross of tax. 27

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