Significant Long-Term Growth Potential in Sandals

FY2020 Color • Sharpest decline expected in Q2, as retail is materially closed for most of the quarter E-commerce will continue to outperform in all regions SG&A of $440-$460M ~$30-$50M lower than 2019 • $100M lower than 2020 plan • • Capital expenditures of ~$30M Lower than pre-COVID guidance of $50-$60M Inventory to peak in Q2 No liquidity concerns Positive free cash flow throughout remainder of 2020 crocs™ 21 21

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