Crocs Results Presentation Deck slide image

Crocs Results Presentation Deck

Cr CS cr OCS CI OC FINANCIAL OUTLOOK 2022E GUIDANCE (numbers on reported basis, unless otherwise noted) Total Revenues crocs™ HEYDUDEⓇ Adjusted Operating Margin(3) Adjusted One Time Costs (³) Adjusted Tax Rate(³) Adjusted Diluted EPS (³) Q2 2022E $918 to $957M $718 to $737M (1) +17% to 20% CC' 1. 2. 3. 4. 5. 6. $200 to $220M -26% (4) ~$65M (6) FY 2022E -$3.5B 20%+ $750 to $800M(2) -26% to 27% (5) ~$135(7) ~22% $10.05 to $10.65 Capital Expenditures Crocs Brand expected revenue growth of approximately 17% to 20% on a constant currency basis implies 12% to 15% growth on a reported basis and expected revenues of approximately $718 to $737M on a reported basis. Including the period time prior to the closing of the acquisition, HEYDUDE 2022E revenues expected to be approximately $840 to $890M. $170 to $200M See reconciliation to GAAP equivalents in Appendix. Includes an expected approximately $50M impact from air freight embedded in gross margin. Includes an expected incremental $75M of air freight embedded in gross margin for full year 2022. Non-GAAP adjustments include an expected: $20M in SG&A costs, primarily associated with the HEYDUDE acquisition, and an additional $45M of non-cash costs in cost of sales, primarily related to the write up of HEYDUDE inventory costs to fair market value at the close of the acquisition. 7. Non-GAAP adjustments include an expected: $60M in SG&A costs, primarily associated with the HEYDUDE acquisition, and an additional $75M of non-cash costs in cost of sales, primarily related to the write up of HEYDUDE inventory costs to fair market value at the close of acquisition. 19 AC 5 E 12 d 40 24 JC 76
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