Q3 2022 Investor Presentation

Cr CS cr OCS CI OC FINANCIAL OUTLOOK DELEVERAGING REMAINS ON TRACK O Committed to quickly deleveraging and targeting to be below 2.0x gross leverage by mid-year 2023 • Share repurchases on O hold until gross leverage is <2.0x, which we expect to occur by mid-2023 Net Debt/Adj. EBITDA(2) Gross Debt / Adjusted EBITDA Outlook (1) 1.1x 0.8x YE 2021 3.1x 2.9x PF YE 2021 for HEYDUDE 2.5x 2.4x PF Q3 2022 1. Assumes excess free cash flow used to repay borrowings. Gross Debt / Adjusted EBITDA calculated as: Total Gross Debt / Trailing Twelve Months ("TTM") Adjusted EBITDA. Adjusted EBITDA calculated as Adjusted Operating Income plus depreciation and amortization. Please refer to Appendix for definition and Non-GAAP reconciliation. a. 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. ≤ 2.0x Mid-Year 2023E 23

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