Slide 1: Fourth Quarter 2025 Highlights
FOURTH QUARTER 2025 HIGHLIGHTS 1
Slide 2: Safe Harbor Statement
SAFE HARBOR STATEMENT Disclaimer We are not making any representations or warranties, express or implied, with respect to the information (financial, business, legal or otherwise) contained in this presentation. No person has been authorized to give any information other than that contained in this
Slide 3: Q4 2025 Results at a Glance
Q4 2025 RESULTS AT A GLANCE ADJUSTED NET SALES MIX1 KEY FINANCIAL METRICS1 $583.7M +5% Adj. Net Sales Adj. Net Sales Growth Coolers & 58.4% -180bps Equipment Adj. Gross Margin Adj. Gross Margin Change Y/Y 33% $94.7M 16.2% $583.7M Drinkware Adj. Operating Income Adj. Operating Margin 65% $124.9M 3.1M
Slide 4: FY 2025 Results at a Glance
FY 2025 RESULTS AT A GLANCE ADJUSTED NET SALES MIX1 KEY FINANCIAL METRICS1 $1.87B +2% Adj. Net Sales Adj. Net Sales Growth Coolers & 57.4% -120bps Equipment Adj. Gross Margin Adj. Gross Margin Change Y/Y 40% $269.7M 14.4% $1.87B Drinkware Adj. Operating Income Adj. Operating Margin 58% $297.6M 8.2M
Slide 5: Strategic Growth Priorities
STRATEGIC GROWTH PRIORITIES DRIVING PRODUCT INNOVATION 1 Innovation-first growth engine, anchored in performance, durability, and design across 13 scalable product platforms Entering 2026 with a top-tier global portfolio, powered by teams in Austin, Denver, Bozeman, Thailand, and Vietnam enabling fa
Slide 6: Driving Product Innovation
1 DRIVING PRODUCT INNOVATION 6
Slide 7: Building Growth Platforms
BUILDING GROWTH PLATFORMS COOLERS & DRINKWARE EQUIPMENT OTHER 4 PLATFORMS 7 PLATFORMS 2 PLATFORMS1 THE YETI PRODUCT DNA DURABILITY PERFORMANCE DESIGN Built to perform in the Engineered for the highest Purposeful form that reflects world’s harshest conditions standard of use function and lifestyle 7
Slide 8: Drinkware Platforms
DRINKWARE PLATFORMS BOTTLES | JUGS CUPS | MUGS | TUMBLERS TABLEWARE | COFFEEWARE | BARWARE | CONTAINERS COOKWARE 8
Slide 9: Coolers & Equipment Platforms
COOLERS & EQUIPMENT PLATFORMS HARD COOLERS CASES & STORAGE OUTDOOR LIVING 9
Slide 10: Coolers & Equipment Platforms
COOLERS & EQUIPMENT PLATFORMS SOFT COOLER BAGS EVERYDAY BAGS TRAVEL BAGS PURSUIT BAGS 10
Slide 11: Broadening Our Brand and Addressable Market
2 BROADENING OUR BRAND AND ADDRESSABLE MARKET 11
Slide 12: Scaling Our Global Audience
SCALING OUR GLOBAL AUDIENCE 2026+ Adding new consumer • Building global moments in global sport & entertainment communities across a wide range of pursuits 2016-2025 Reached broader outdoor communities, and drove demographic expansion • Growing our reach by connecting people, product, 2006-2015 Foun
Slide 13: Fueling Brand Engagement
FUELING BRAND ENGAGEMENT CUSTOMIZATION COLOR LIMITED EDITION Fresh and differentiated offerings encourage new and repeat purchases 13
Slide 14: Extensive Media Reach
EXTENSIVE MEDIA REACH LARGE & GROWING EARNED MEDIA AWARDS SOCIAL MEDIA PRESENCE A Durable Pour-Over Coffee Maker A Wheeled Cooler Editor’s Pick 5.6M 5.5M 5.4M 2.2M 1.6M 1.4M 1.4M 1.2M 693k 632k YETI Pour Over Roadie 48 Ranchero 22L BROAD EARNED MEDIA COVERAGE 14
Slide 15: Media Highlights
MEDIA HIGHLIGHTS WIE 2 7 | HICONSUMDTION Yeti’s Yonder Brings Helimix’s Vortex The 20 Best Products of 20 fe: Tech to the Ultimate Shaker Bottle GERTUUNRKIE I inkwar ig in, and Sleet YETI's $1,000 Fire Pit Leads ‘Hot’ New Category TRAIL & KALE (I Use It Every Day) MAXIM YETI's new Silo Jug brings se
Slide 16: Expanding Our Global Presence
3 EXPANDING OUR GLOBAL PRESENCE 16
Slide 17: International: Current Footprint
INTERNATIONAL: CURRENT FOOTPRINT KEY INTERNATIONAL MARKETS 2019 Entry 2017 Entry 2017 AUS Entry 2019 Websites: UK, EU 2018 Japan Entry: Limited Wholesale 2019 Website: YETI.CA 2019 NZ Entry 2021 Websites: DE, FR, IT, IE, NL 2025 Broader Launch 2021 Subsidiary in Amsterdam YETI HISTORICAL INTERNATION
Slide 18: International: Growth Strategy
INTERNATIONAL: GROWTH STRATEGY • Drive deep consumer relevance through brand, omni-channel expansion and localized go-to-market execution • Regional leadership, scalable infrastructure, and brand execution to accelerate growth • Leverage growing global and regional Ambassador network and partnership
Slide 19: Strong Omni-Channel Presence
STRONG OMNI- CHANNEL PRESENCE 19
Slide 20: Omni-Channel Strategy
OMNI-CHANNEL STRATEGY • Diversified presence across DTC and wholesale channels continues to broaden reach, meeting consumers where and how they shop • Strong foundation for scalable digital growth and wholesale expansion in 2026 and beyond • Partnerships such as Fanatics and Nordstrom fuel additiona
Slide 21: Direct-to-Consumer
DIRECT-TO-CONSUMER YETI ECOMMERCE YETI RETAIL GLOBAL SITES 27 YETI Stores US Canada Australia New Zealand EU France Germany Ireland Italy Netherlands UK CORPORATE SALES1 MARKETPLACES 21 1. Select list of Corporate Sales customers
Slide 22: Wholesale
WHOLESALE NATIONAL & REGIONAL ACCOUNTS SPECIALTY RETAILERS • Diverse dealers across BBQ, boating, building supply, camping, farming, fishing, hardware, hunting & shooting, and outdoor destinations • Significant opportunity to grow our specialty dealer base across global markets to match product inno
Slide 23: Supply Chain Transformation
SUPPLY CHAIN TRANSFORMATION 23
Slide 24: Global Supply Chain
GLOBAL SUPPLY CHAIN GLOBAL INFRASTRUCTURE GLOBAL FOOTPRINT • Partner with leading third-party manufacturing and logistics partners • Accelerate supplier diversification ⚫ strategy to mitigate geopolitical and operational risk and strengthen our ⚫ ⚫ ⚫⚫ ⚫ ⚫ ⚫ ability to scale globally ⚫⚫ ⚫
Slide 25: Financials
FINANCIALS 25
Slide 26: Adjusted Q4 2025 Results
ADJUSTED Q4 2025 RESULTS 1 ADJUSTED NET SALES $584 $555 Q4 2024 Q4 2025 CATEGORY ADJUSTED NET SALES GROWTH CHANNEL ADJUSTED NET SALES GROWTH Coolers & Wholesale Equipment $192 $189 $189 $179 Q4 2024 Q4 2025 Q4 2024 Q4 2025 Drinkware Direct-to- $394 $380 Consumer $377 $358 Q4 2024 Q4 2025 Q4 2024 Q4
Slide 27: Adjusted Q4 2025 Results (Cont'd)
ADJUSTED Q4 2025 RESULTS (CONT’D) 1 ADJUSTED GROSS PROFIT ADJUSTED SG&A Adjusted Gross Profit $ / % Margin Adjusted SG&A $ / % Margin $341 / 58.4% $246 / 42.2% $335 / 60.2% $224 / 40.3% Q4 2024 Q4 2025 Q4 2024 Q4 2025 ADJUSTED OPERATING INCOME ADJUSTED EPS Adjusted Operating Income $ / % Margin $1.0
Slide 28: Adjusted Historical Results
ADJUSTED HISTORICAL RESULTS1 ADJUSTED NET SALES ADJUSTED GROSS PROFIT Adjusted Gross Profit % Margin $1,839 $1,868 $1,200 $1,077 $1,072 70.0% $1,634 $1,680 $956 $1,000 $816 $860 65.0% $1,411 $800 $629 60.0% $1,092 $600 $475 $914 $383 57.6% 57.8% 58.6% 56.9% 57.4% 55.0% $779 $400 $200 52.0% 52.7% 50.
Slide 29: Adjusted Historical Results (Cont'd)
ADJUSTED HISTORICAL RESULTS1 (CONT’D) CASH FREE CASH FLOW2 $439 $359 $351 $312 $253 $235 $235 $220 $212 $188 $155 $80 $73 $90 $55 $55 2018 2019 2020 2021 2022 2023 2024 2025 2018 2019 2020 2021 2022 2023 2024 2025 CAPITAL EXPENDITURES TOTAL DEBT3 Capital Expenditures % of Adjusted Net Sales $70 $333
Slide 30: Capital Allocation Priorities
CAPITAL ALLOCATION PRIORITIES 1 FUEL GROWTH through disciplined reinvestment ~$84M (~2% of Adj. net sales) in growth-oriented Cap-Ex over two years1 2 RETURN SHAREHOLDER VALUE ~$500M in share repurchases in 2024 and 20252 3 ACCELERATE INNOVATION with product focused acquisitions Mystery Ranch → YETI
Slide 31: FY 2026 Outlook
FY 2026 OUTLOOK (as of 2/19/2026) Metric Outlook Adjusted Net Sales Up 6% to 8% YoY Adjusted Operating Margin ~14.4% Effective Tax Rate ~24% Adjusted Income per Diluted Share $2.77 to $2.83 Diluted Weighted Avg. Shares ~76.6M Outstanding Capital Expenditures $60M to 70M Free Cash Flow $200M to $225M
Slide 32: Appendix
APPENDIX 32
Slide 33: Supplemental Financial Information
Supplemental Financial Information Reconciliation of GAAP to Non-GAAP Financial Information (Unaudited) (In millions) 2018(1) 2019(1)(2) 2020(1) 2021(1) 2022(1) 2023 2024 2025 Net sales $ 778.8 $ 913.7 $ 1,091.7 $ 1,411.0 $ 1,595.2 $ 1,658.7 $ 1,829.9 $ 1,868.5 Product recalls(3) — — — — 38.4 21.7 8
Slide 34: Supplemental Financial Information
Supplemental Financial Information Reconciliation of GAAP to Non-GAAP Financial Information (Unaudited) (In millions, except per share amounts) 2018(1) 2019(1)(2) 2020(1) 2021(1) 2022(1) 2023 2024 2025 Operating income $ 102.2 $ 89.8 $ 214.2 $ 274.9 $ 126.4 $ 225.5 $ 245.4 $ 213.6 Non-cash stock-bas
Slide 35: Supplemental Financial Information
Supplemental Financial Information Reconciliation of GAAP to Non-GAAP Financial Information (Unaudited) (In millions) 2018 2019 2020 2021 2022 2023 2024 2025 Net sales $ 778.8 $ 913.7 $ 1,091.7 $ 1,411.0 $ 1,595.2 $ 1,658.7 $ 1,829.9 $ 1,868.5 Product recalls(3) — — — — 38.4 21.7 8.8 — Adjusted net
Slide 36: Supplemental Financial Information
Supplemental Financial Information Reconciliation of GAAP to Non-GAAP Financial Information (Unaudited) (In millions) 2018 2019 2020 2021 2022 2023 2024 2025 Net cash provided by operating activities $ 176.1 $ 86.9 $ 366.4 $ 146.5 $ 100.9 $ 285.9 $ 261.4 $ 254.7 Less: Purchases of property and equip
Slide 37: Supplemental Financial Information
Supplemental Financial Information Reconciliation of GAAP to Non-GAAP Financial Information (Unaudited) (In millions, except per share amounts) Q4 2024 Q4 2025 Net sales $ 546.5 $ 583.7 Product recalls(3) 8.8 — Adjusted net sales $ 555.4 $ 583.7 Gross profit $ 326.4 $ 340.9 Product recalls(3) 8.1 —
Slide 38: Supplemental Financial Information
Supplemental Financial Information Reconciliation of GAAP to Non-GAAP Financial Information (Unaudited) (In millions) Q4 2025 Q4 2024 Net Sales Product Adjusted Net Net Sales Product Adjusted Net Recalls(3) Sales Recalls(3) Sales Channel Wholesale $ 189.4 $ — $ 189.4 $ 178.0 $ 0.6 $ 178.5 Direct-to-
Slide 39: Supplemental Financial Information
Supplemental Financial Information Reconciliation of GAAP to Non-GAAP Financial Information (Unaudited) (In millions) 2025 2024 Net Sales Product Adjusted Net Net Sales Product Adjusted Net Recalls(3) Sales Recalls(3) Sales Channel Wholesale $ 740.7 $ — $ 740.7 $ 742.3 $ 0.6 $ 742.8 Direct-to-consum
Slide 40: Supplemental Financial Information
Supplemental Financial Information Reconciliation of GAAP to Non-GAAP Financial Information (Unaudited) (In millions) Q1 2025 Q2 2025 Q3 2025 Q4 2025 FY 2025 Net sales $ 351.1 $ 445.9 $ 487.8 $ 583.7 $ 1,868.5 Product recalls(3) — — — — — Adjusted net sales $ 351.1 $ 445.9 $ 487.8 $ 583.7 $ 1,868.5
Slide 41: Supplemental Financial Information
Supplemental Financial Information Reconciliation of GAAP to Non-GAAP Financial Information (Unaudited) (In millions, except per share amounts) 1. Beginning with the second quarter of Fiscal 2022, YETI revised its definitions of certain non-GAAP financial measures by excluding Other expense (income)