Crocs Investor Presentation Deck

NON-GAAP RECONCILIATION (CONT'D) Non-GAAP income (loss) from operations and operating margin reconciliation: Three Months Ended December 31, GAAP revenues GAAP income (loss) from operations Non-GAAP cost of sales adjustments (¹) Non-GAAP selling, general and administrative expenses adjustments (2) Non-GAAP income (loss) from operations GAAP operating margin Non-GAAP operating margin $ crocs™ $ $ 2019 262,979 $ 8,356 3,329 1,173 12,858 3.2% 4.9% $ $ 2018 (13,937) (in thousands) 215,989 $ 1,230,593 $ 1,088,205 4,556 (9,381) $ (6.5)% (4.3)% Year Ended December 31, (1) See 'Non-GAAP cost of sales reconciliation' above for more details. (2) See 'Non-GAAP selling, general and administrative expenses reconciliation' above for more details. 2019 $ 128,649 $ 11,485 2,871 143,005 $ 2018 10.5% 11.6% 62,944 21,100 84,044 5.8% 7.7% Non-GAAP income tax expense (benefit) and effective tax rate reconciliation: Three Months Ended December 31, GAAP income (loss) from operations GAAP income (loss) before income taxes Non-GAAP income (loss) from operations (¹) GAAP non-operating income (expenses): Foreign currency gains (losses), net Interest income Interest expense Other income, net Non-GAAP income (loss) before income taxes GAAP income tax expense (benefit) Tax effect of non-GAAP operating adjustments and benefit of U.S. deferred tax assets previously subiect to valuation allowance (2) Non-GAAP income tax expense GAAP effective income tax rate Non-GAAP effective income tax rate $ $ $ $ $ 2019 8,356 $ 6,220 12,858 (430) 108 (1,893) 79 10,722 (13,693) $ (220.1)% 19.5% $ $ 15,781 2,088 $ 2018 (in thousands) (13,937) $ (14,016) (9,381) $ (269) 434 (584) 340 (9,460) $ (3,130) $ (3,130) $ 22.3% 33.1% Year Ended December 31, 2019 128,649 $ 119,322 143,005 $ (1,323) 601 (8,636) 31 133,678 $ (175) $ 18,244 18,069 $ (0.1)% 13.5 % 2018 (¹) See 'Non-GAAP income (loss) from operations and operating margin reconciliation' above for more details. (2) Prior to the quarter ended December 31, 2019, non-GAAP operating adjustments were in jurisdictions subject to a full valuation allowance, and thus had no net tax impact. 62,944 65,157 84,044 1,318 1,281 (955) 569 86,257 14,720 14,720 22.6% 17.1% 25

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