A Leader in Global Casual Footwear

Crocs, Inc. Expects to Report Record 2023 Results ● ● Expect FY23 revenues of ~$3.95B or over 11% Y/Y exceeding high-end of guidance(¹) Crocs Brand revenues expected to be up -13% Y/Y, surpassing $3B mark(1) HEYDUDE Brand revenues expected to be ~$949M(¹) Expect Q4'23 revenues of ~$960M or over 1% Y/Y above guidance for (4%)-(1%) (¹) Crocs Brand Q4 revenue expected to be up almost 10% Y/Y above guidance of 4%-7% (1) HEYDUDE Brand revenues down (19%) Y/Y vs. guidance for (25%)-(20%) (¹) ● ● Expect another year of industry-leading margins Raising our adjusted operating margin guidance to "in excess" of 27%(1) ● Continue to deploy our strong FCF generation through rapid debt paydown and share buyback Expect to achieve net leverage <1.5x in FY23E with incremental $277M net debt paydown in Q4(1) Repaid $1.2B in debt since HEYDUDE acquisition and ~$665M in 2023 Bought back $25M in stock in Q4 at an average cost of $86.32 per share ● CROCS Inc | ● 1. FY 2023E reflects expected estimated revenues and guidance for revenues and non-GAAP operating margin. Full 2023 financial results to be announced in February 2024. See reconciliation to GAAP equivalents in Appendix. 4

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