Crocs Investor Presentation Deck

NON-GAAP RECONCILIATION (cont'd) Non-GAAP income tax expense (benefit) and effective tax rate reconciliation: Three Months Ended September 30, 2021 2020 GAAP income from operations GAAP income before income taxes Non-GAAP income from operations (1) GAAP non-operating income (expenses): Foreign currency gains (losses), net Interest income Interest expense Other income (expense), net Non-GAAP income before income taxes GAAP income tax expense Tax effect of non-GAAP operating adjustments Impact of 2020 intra-entity IP transfer (2) Non-GAAP income tax expense 203,068 197,736 205,099 537 615 (6,486) 2 199,767 44,247 508 (1,556) 43,199 (in thousands) 72,086 $ 70,084 75,365 (516) 43 (1,502) (27) 73,363 8,195 (649) 7,546 11.7 % $ 10.3 % Nine Months Ended September 30, 2021 2020 523,076 510,890 527,207 (84) 713 (12,830) 15 $ (59,951) $ 1,038 173,503 114,590 515,021 149,493 143,556 (11.7)% 22.2 % 175,530 (1,434) 189 (5,593) 901 169,593 14,025 (6,109) GAAP effective income tax rate 22.4 % Non-GAAP effective income tax rate 21.6 % (1) See 'Non-GAAP income from operations and operating margin reconciliation' above for more details. (2) In the fourth quarter of 2020, we made changes to our international legal structure, including an intra-entity transfer of certain intellectual property rights, primarily to align with current and future international operations. The transfer resulted in a step- up in the tax basis of intellectual property rights and a correlated increase in foreign deferred tax assets based on the fair value of the transferred intellectual property rights. This adjustment represents the current period impact of this transfer, including the release of the valuation allowance as a result of a tax law change. crocs™ 7,916 9.8% 4.7 % 26

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