Investor Presentaiton

APPENDIX NON-GAAP RECONCILIATION (CONT'D) Non-GAAP Income from Operations and Operating Margin Reconciliation by Brand: Three Months Ended March 31, 2022 2021 (in thousands) Crocs Brand GAAP income from operations 163,935 154,819 Non-GAAP cost of sales adjustments (1) 2,991 985 Non-GAAP selling, general and administrative expenses adjustments(2) 5,267 Non-GAAP income from operations $ 172,193 $ 155,804 GAAP operating margin Non-GAAP operating margin HEYDUDE Brand GAAP income from operations Non-GAAP cost of sales adjustments (1) Non-GAAP income from operations 30.1 % 31.6 % 33.6 % 33.9 % Three Months Ended March 31, 2022 (in thousands) 15,658 $ 27,927 43,585 2021 13.6 % - % 37.9 % - % 1) See 'Non-GAAP cost of sales, gross profit, and gross margin reconciliation' above for more information. (2) See 'Non-GAAP selling, general and administrative expenses and selling, general and administrative expenses as a percent of revenues reconciliation' above for more information. GAAP operating margin Cr Non-GAAP operating margin CS cr C CI 00 OC AC E e ล JC 70 32 32

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