Crocs Investor Presentation Deck slide image

Crocs Investor Presentation Deck

2022E OUTLOOK 2022E Guidance Reported Revenues crocs™ HEYDUDEⓇ (2) Adjusted Operating Margin Adjusted One Time Costs Adjusted Tax Rate Adjusted Diluted EPS Capital Expenditures Q1 22E $605 to $630M $520 to $535M $40M+ demand pushed to Q2(1) $85 to $95M ~22% (³) ~$70M(5) FY 22E -$3.4B 20%+ $620 to $670M(²) ~26% (4) -$135M(6) ~22% $9.70 to $10.25 $170 to $200M (1) The greatest impact of the 2021 supply chain disruptions is expected to occur in Q1 2022, which is expected to result in $40M+ in revenues slipping to Q2 2022, with the largest impact in EMEA. (2) Amounts presented are revenues expectations for the period for HEYD post acquisition. Including the period time prior to the closing of the acquisition, HEYDUDE 2022E revenues expected to be approximately $700 to $750M. (3) Includes an expected roughly $30M impact from air freight embedded in gross margin. (4) Includes an expected incremental $75M of air freight embedded in gross margin in the first half of 2022. (5) Non-GAAP adjustments include an expected: $30M in SG&A costs, primarily associated with the HEYDUDE acquisition, and an additional $40M of non-cash costs in cost of sales, primarily related crocs to the write up of HEYDUDE inventory costs to fair market value at the close of the acquisition. (6) 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. 26
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