Slide 1: Fourth Quarter and Fiscal 2022 Results
Fourth Quarter and Fiscal 2022 Results March 14, 2023
Slide 2: Safe Harbor Statement
Safe Harbor Statement UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 This presentation contains certain forward-looking statements and expectations regarding the company’s future performance and the performance of its brands. Such statements are subject to various risks and uncertainties
Slide 3: What Unites Us
What Unites Us To inspire people to feel great...feet first. Passion Curiosity Creativity Caring Accountability A dynamic and growing portfolio of authentic footwear brands built on deep consumer insights, generating unwavering loyalty and trust. NAT FAMOUS dy vince. ae FranceSarto Pebec VIONIC Crne
Slide 4: Caleres is uniquely positioned to win in any market environment
Caleres is uniquely positioned to win in any market environment Portfolio of diversified brands positioned to gain market share Delivered another year of record annual sales and earnings per share in fiscal 2022 Well-managed and improved inventory position Superior capabilities: design, marketing, d
Slide 5: Caleres in Brief – Fiscal 2022
Caleres in Brief – Fiscal 2022 REVENUE O P E R AT I N G M A R G I N ADJUSTED I N V E N TO RY ADJUSTED ROIC in billions of $ % of net sales EARNINGS PER SHARE in millions of $ $2.97 $4.52 44% $2.92 $4.29 $618 $2.77 $597 $580 34% $2.10 7.4% 7.2% 12% 3.6% 2019 2021 2022 2019 2021 2022 2019 2021 2022 20
Slide 6: Fiscal 2022 Accomplishments
Fiscal 2022 Accomplishments REVENUE AD J U S T E D E P S I N V E N TO RY +6.9% $4.52 -2.8% vs. fiscal 2021 – annual sales 5% higher than previous record set in vs. 2021, record fiscal 2021 and down 6.2% vs. 2019 R E T U R N TO S H AR E H O L D E R S AD J U S T E D E B I T D A M AR K E T S H AR E $73
Slide 7: Fourth Quarter 2022 Accomplishments
Fourth Quarter 2022 Accomplishments REVENUE AD J U S T E D E P S DEBT REDUCTION +2.5% $0.65 $57 vs. 4Q21 – record fourth 29% lower than 4Q21 million decline in borrowings quarter sales under the revolving credit facility vs. 3Q22 DTC BUSINESS N E W C U S TO M E R S B R AN D P O R T F O L I O . C O M
Slide 8: Fiscal 2023 Outlook
Fiscal 2023 Outlook Consolidated sales flat to up 2 percent vs. fiscal 2022, including the 53rd week Diluted earnings per share of $4.10 to $4.30 Consolidated operating margin of 7.1 percent to 7.3 percent Full year interest expense of $18 million to $20 million Full year capital expenditures of $60
Slide 9: First Quarter 2023 Outlook
First Quarter 2023 Outlook Consolidated net sales down 4 percent to 6 percent, due primarily to the timing of wholesale shipments in the Brand Portfolio in the first quarter 2022 to satisfy customer restocking efforts Diluted earnings per share of $0.92 to $0.97 9
Slide 10: 2023 Key Priorities
2023 Key Priorities Enhance Capitalize Famous Maximize on Lead Brand Continue to Sharpen assortment Caleres’ strength and deliver focus on the to more platform relevance to exceptional Millennial balanced capabilities explore and sales and Family at athletic/ that span the expand new earnings Famous
Slide 11: Caleres Capabilities
Caleres Capabilities DESIGN & EDIT TO WIN D I G I TA L I N N O VAT I O N A N A LY T I C S SOURCING & MARKETING LOGISTICS 11
Slide 12: Appendix
Appendix
Slide 13: Caleres constantly evaluates the most value-enhancing avenue for its free cash flow
Caleres constantly evaluates the most value-enhancing avenue for its free cash flow C AL E R E S S H AR E H O L D E R R E T U R N H I S TO RY in millions of dollars C AL I S C O M M I T T E D T O A F L E X I B L E AP P R O AC H $80 $73 T O C AP I TAL AL L O C AT I O N I N C L U D I N G : $56 $60 $45
Slide 14: Fiscal 2022 Brand Portfolio
Fiscal 2022 Brand Portfolio ~$1.3 billion 28 percent Record Increase in New Annual Revenue Customers ~$112 million 8.5 percent Record Record Operating Earnings Operating Margin 14
Slide 15: Fiscal 2022 Famous Footwear
Fiscal 2022 Famous Footwear ~$1.7 billion 21 percent Strong Annual Revenue Market Share of Shoe Chains ~$196 million 11.5 percent Operating Earnings Double-Digit Operating Margin 15
Slide 16: Environmental, Social, Governance (ESG)
Environmental, Social, Governance (ESG) When inspiring people to feel great…feet first, how we do business is as important as how much business we do - an approach that arises from our five-star promise for delivering ESG excellence. ENVIRONMENT SOCIAL GOVERNANCE 100% Diverse Candidate Slate 6 out o
Slide 17: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation CALERES, INC. RECONCILIATION OF NET EARNINGS AND DILUTED EARNINGS PER SHARE (GAAP BASIS) TO ADJUSTED NET EARNINGS AND ADJUSTED DILUTED EARNINGS PER SHARE (NON-GAAP BASIS) (Unaudited) January 28, 2023 Thirteen Weeks Ended January 29, 2022 February 1, 2020 Appendix Pre-