Crocs Investor Presentation Deck

FINANCIAL RESULTS 2020 Tax Restructure In Q4, we completed a series of transactions resulting in changes to our international legal structure, including a transfer of certain intellectual property (IP) rights to the Netherlands, primarily to align with current and future international operations • The transfer resulted in a step-up in tax basis of IP rights and a correlated increase in foreign deferred tax assets based on the fair value of the transferred intellectual property rights A net deferred tax asset of $127.7M was recognized along with a corresponding foreign deferred income tax benefit • This change is anticipated to generate -$25M of annual cash tax savings for the foreseeable future • GAAP requires that we take the net present value of these cash savings upfront, which is why we will pro a non-GAAP tax rate to better reflect our cash tax rate ● • For the foreseeable future, we anticipate: - GAAP effective tax rate of approximately 25% - Non-GAAP effective tax rate of approximately 16% to 18% Please refer to our Form 10-K filing for additional detail crocs™ 20

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