Global Business Update and Q3 Financial Results

FINANCIAL RESULTS FY2020 Color Excluding the impact of any future COVID-related shutdowns in major markets, we expect: • Q4 revenue growth of 20-30%, which translates to FY2020 revenue growth of approximately 5-7% 2020 tax rate of ~11% as we anticipate utilizing deferred tax assets Capital expenditures of -$50M, which reflects investment to support future growth crocs™ Source: Image from Los Angeles Times. 24 24

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