Tapestry Mergers and Acquisitions Presentation Deck

Compelling Strategic Acquisition of Kate Spade Brand Highlights 1. Strong, distinctive brand Fashionable, fun and feminine positioning Growing share of millennials Attractive growth profile COACH INC. kate spade NEW YORK Excludes charges related to integration-related activities and the limited life impact of purchase accounting adjustments, primarily due to the amortization of the inventory step-up COACH STUART WEITZMAN Transaction Highlights Attractive all cash acquisition at $18.50 per share $2.4bn enterprise value Fully committed financing in place Expected to close calendar Q3 2017 Acquisition expected to be accretive to EPS in fiscal 2018 and to reach double-digit accretion by fiscal 2019 on a non-GAAP¹ basis 3

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