Crocs Results Presentation Deck
O
• Committed to quickly
deleveraging - repaid
$850M since the
acquisition
O
Q2 FINANCIAL HIGHLIGHTS
Rapid Deleveraging
O
Met our goal to be
below 2.0x gross
leverage by mid-year
2023
Share repurchases
resumed in Q3 2023
Net Debt / Adj. EBITDA²
(2)
CROCS inc
Gross Leverage (¹)
1.
1.1x
0.8x
YE 2021
3.1x
2.9x
PF YE 2021 for
HEYDUDE
2.1x
2.0x
PF Q1 2023 for
HEYDUDE
1.8x
1.7x
Q2 2023
Long Term
Target:
1.0x - 1.5x
net leverage
Long Term
Gross Leverage is calculated as: Total Gross Debt / Trailing Twelve Months ("TTM") Adjusted EBITDA.
a. Adjusted EBITDA calculated as Adjusted Operating Income plus depreciation and amortization. Please refer to Appendix for definition and Non-GAAP reconciliation.
b. Pro forma ("PF") includes HEYDUDE for the period prior to acquisition close (assuming the acquisition had closed on the first day of such trailing twelve month period).
2. Net Debt / Adjusted EBITDA calculated as: (Total Gross Debt - Cash and Cash Equivalents) / TTM Adjusted EBITDA, as calculated above.
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