Slide 1: Tapestry
tapestry coacrtt | kate spade | STUART WEITZMAN NEW YORK © 2024 Tapestry, nc
Slide 2: Forward-looking statements
This presentation contains certain “forward-looking statements” based on management's current expectations. Forwarc-ooking statements include, but are not limited to statements which can be identified by the strategies; our plans, objectives, goals, beliefs, future events, business conditions, resul
Slide 3: Purpose
Purpose STRETCH WHAT'S POSSIBLE STRETCH speaks to how tensions challenge and pull us in new directions. These tensions compel us to look beyond ourselves and embrace new perspectives, experiences and ideas. WHAT’S POSSIBLE refers to what happens when we embrace the creative tensions within each othe
Slide 4: Values
Values Built by go-getters who saw unseen needs and took daring leaps, we channel that same passion today, doing what it takes to make the dream happen and refusing to settle for anything less. From how we source, to how we sew, to how we sell, we insist on the highest integrity at each step, doing
Slide 5: Competitive Advantages
Competitive Advantages 01 02 O38 OL O05 tapestry 5
Slide 6: Iconic Brands
OT Iconic Brands T= ENN > ¥ COACH kate spade NEW YORK STUART WEITZMAN tapestry
Slide 7: Attractive Categories
02 Attractive Categories RESILIENT CATEGORIES WITH CONTINUED. GROWTH EXPECTED IN COMPETITIVE MARKET WE PLAY IN Growing & High-margin Categories PERSONAL PREMIUM GOODS") HANDBAGS, SLGS, FTW & APPAREL‘) HANDBAGS, SLGS & FTW!) TAPESTRY FY24 J (1) Global market; Source: Euromonitor 2024 update, translat
Slide 8: Diversified Model with Omni-Channel Leadership
03 Diversified Model with Omni-Channel Leadership Women’s Accessories 21% Category Growing and high-margin categories Resilient & durable demand given emotional & functional needs these categories fulfill Global leader in core categories with permission to play in lifestyle coum Geography China 15%
Slide 9: Global Platform
04 Global Platform Modern, Data-driven & Agile Platform DESIGNED TO DRIVE CONSUMER ENGAGEMENT tapestry ’
Slide 10: Talented Team
05 Talented Team Joanne Crevoiserat CHIEF EXECUTIVE OFFICER r « i i hy a Scott Roe Todd Kahn Sandeep Seth Giorgio Sarné Noam CHIEF FINANCIAL CEO & BRAND CMO, COACH BRAND CEO & BRAND Paransky OFFICER & CHIEF PRESIDENT COACH & TAPESTRY CHIEF PRESIDENT STUART aNESGINne OPERATING OFFICER GROWTH OFFICER
Slide 11: Powering Iconic Brands to Move at the Speed of the Consumer
WE'RE POWERING ICONIC BRANDS TO MOVE AT THE SPEED OF THE CONSUMER futurespeed
Slide 12: Tapestry
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Slide 13: Full Year Highlights
Full Year Highlights Drove record FY24 earnings per share") ahead of expectations DELIVERED REVENUE OF INCLUDING RECORD ANNUAL SALES AT COACH EXPANDED GROSS MARGIN BY TO THE HIGHEST LEVEL IN OVER 15 YEARS ACHIEVED SALES GAIN OF INTERNATIONALLY EXCLUDING FX DROVE RECORD EPS") OF A DOUBLE-DIGIT INCREA
Slide 14: Revenue Trends by Geography: Q4 & FY24
Revenue Trends by Geography: Q4 & FY24 Growth rates shown on a constant currency basis. =~ tapestry
Slide 15: CEO quote on fourth quarter results
“Our fourth quarter results exceeded expectations, capping a successful year. This is a testament to our passionate global teams whose creativity and exceptional execution continue to fuel our brands and business. Importantly, through an unwavering focus on powering Innovation and consumer connectio
Slide 16: P&L Overview by Brand: FY24 Full Year
P&L Overview by Brand: FY24 Full Year NET REVENUE”) GROSS PROFIT SG&A EXPENSES OPERATING INCOME EARNINGS PER DILUTED SHARE $6.67B 1% vs. LY $4.89B 73.3% margin $3.64B 54.5% of sales $1.25B 18.7% margin $4.29 11% vs. LY (1) Net Revenue growth rates expressed on a constant currency basis. Financials p
Slide 17: P&L Overview by Brand: FY24 Q4
P&L Overview by Brand: FY24 Q4 NET REVENUE”) GROSS PROFIT SG&A EXPENSES OPERATING INCOME EARNINGS PER DILUTED SHARE $1.59B 0% vs. LY $1.19B 74.9% margin $929M 58.4% of sales $262M 16.5% margin $0.92 -3% vs. LY (1) Net Revenue growth rates expressed on a constant currency basis. Financials provided o
Slide 18: Coach Highlights: FY24 Q4
Coach Highlights: FY24 Q4 Built strength on strength, highlighting the power of Expressive Luxury with growth outpacing the industry at exceptional margins Fueled momentum in the leathergoods offering led by the brand's iconic platforms, including the Tabby, Willow, and Rogue families, as well as th
Slide 19: Kate Spade Highlights: FY24 Q4
Kate Spade Highlights: FY24 Q4 Advanced strategic agenda while remaining agile operators, highlighted by significant gross margin expansion and disciplined expense management Remained focused on strengthening core handbag offering through distinctive brand codes, including the expansion of the Grace
Slide 20: Stuart Weitzman Highlights: FY24 Q4
Stuart Weitzman Highlights: FY24 Q4 Remained focused on supporting brand health by investing in initiatives to drive awareness, growth, and profitability long-term Delivered newness and innovation through an assortment of sophisticated casual styles, driving traction at wholesale with the business g
Slide 21: Fiscal 2025 Outlook
Fiscal 2025 Outlook -FY25 EXPECTATIONS REVENUE In the area of $6.7 billion REVENUE GROWTH oe ona ie pase eommared tthe ene including approximately 50 basis points of currency pressure and GROSS MARGIN Approximately 40 basis points above last year SG&A EXPENSE Roughly in-line with the prior year, rep
Slide 22: Capital allocation priorities focused on driving growth, profitability, and shareholder value
Capital allocation priorities focused on driving growth, profitability, and shareholder value = Continue to invest in brand-building activities = Prioritize deleveraging and anticipate = Continue to pay dividends; Board of Directors and platform enhancements to fuel long- reaching a leverage ratio o
Slide 23: Proposed Acquisition of Capri Holdings Limited
Proposed Acquisition of Capri Holdings Limited ACQUISITION BUILDS ON TAPESTRY’S CORE TENETS AS CONSUMER-CENTRIC BRAND BUILDERS & DISCIPLINED OPERATORS STRONG STRATEGIC DETAILED INTEGRATION COMPELLING RATIONALE PLANS FINANCIAL RETURNS * Iconic brands with long-term growth potential * Increased convic
Slide 24: Tapestry
tapestry
Slide 25: Tapestry
tapestry
Slide 26: Coach's brand purpose
COACH'S BRAND PURPOSE IS TO INSPIRE PEOPLE TO EXPRESS THEIR MANY SELVES AND HAVE THE COURAGE TO BE REAL. THIS PURPOSE IS GROUNDED IN CURRENT CONSUMER TRUTHS—THE MANY POSSIBILITIES OF SELF AND THE CHANGING NATURE OF “REAL.” WITH EVERY PRODUCT AND EXPERIENCE COACH CREATES, WE AIM TO INSPIRE OUR CONSUM
Slide 27: Coach Net Sales
" $5.1B NET SALES As of FY24. m= COACH 930 DIRECTLY OPERATED STORES 60 COUNTRIES “11600 — EMPLOYEES 27
Slide 28: Coach Revenue Breakdown
Coach Revenue Breakdown Women's: Accessories 21% Other Asia 15% Women's wees §=©=Category Geography Channel North America 60% Direct to Consumer 88% COACH
Slide 29: Coach FY25 Growth Strategies
Coach FY25 Growth Strategies ] GROW FUEL GAINS LEAD WITH EXPAND LEATHER- ACROSS PURPOSE-LED RETAIL GOODS LIFESTYLE STORYTELLING EXPERIENCES
Slide 30: Kate Spade
kate spade NEW YORK tapestry
Slide 31: Kate Spade New York overview
SINCE ITS LAUNCH IN 1993 WITH A COLLECTION OF SIX ESSENTIAL HANDBAGS, KATE SPADE NEW YORK HAS ALWAYS BEEN COLORFUL, BOLD AND OPTIMISTIC. TODAY IT IS A GLOBAL LIFESTYLE BRAND THAT DESIGNS EXTRAORDINARY THINGS FOR THE EVERYDAY, DELIVERING SEASONAL COLLECTIONS OF HANDBAGS, READY- TO-WEAR, JEWELRY, FOOT
Slide 32: Kate Spade Net Sales
CS Pe Nes 4,200 EMPLOYEES -40 318 DIRECTLY OPERATED STORES COUNTRIES NET SALES As of FY24, 32
Slide 33: Kate Spade Revenue Breakdown
1ue-Breakdown Category Other Lifestyle 22% consumer A —— & 3
Slide 34: Kate Spade FY25 Growth Strategies
Moat, Kate Spade FY25" Growth Serategies : 2 \ FUEL BRAND ACCELERATE STRENGTHEN HEAT TO DRIVE § CUSTOMER CORE CONSIDERATION Mf ACQUISITION HANDBAG FOUNDATION LIFESTYLE OFFERING ‘MAXIMIZE THE ly OMNI-CHANNEL y OPPORTUNITY
Slide 35: Stuart Weitzman
STUART WEITZMAN tapestry
Slide 36: Stand Strong
STAND STRONG SINCE 1986, NEW YORK CITY-BASED GLOBAL LUXURY FOOTWEAR BRAND STUART WEITZMAN HAS COMBINED ITS SIGNATURE ARTISANAL CRAFTSMANSHIP AND PRECISE ENGINEERING TO EMPOWER WOMEN TO STAND STRONG. HAVING PERFECTED THE ART OF SHOEMAKING FOR OVER 35 YEARS, THE BRAND CONTINUES TO EXPAND ITS ASSORTMEN
Slide 37: Stuart Weitzman Net Sales
$242M NET SALES DIRECTLY COUNTRIES EMPLOYEES OPERATED STORES As of FY24, — § .
Slide 38: Stuart Weitzman Revenue Breakdown
Stuart Weitzman Revenue Breakdown Category Footwear 100% As of FY24. — WW Greater China 27% Geography North America 67% 38
Slide 39: Stuart Weitzman FY25 Growth Strategies
Stuart Weitzman FY25 Growth Strategies FUEL BRAND GROW ICONS & EXPAND CASUAL ACCELERATE RELEVANCY WITH KEY ITEMS & NEW WHOLESALE EMOTIONAL CATEGORIES STORYTELLING
Slide 40: ESG & Corporate Responsibility
ESG & Corporate j Responsibility | tapestry
Slide 41: The Fabric of Change
The Fabric of Change AMBITION: MAKE EVERY BEAUTIFUL CHOICE A RESPONSIBLE CHOICE | POWER SUSTAIN CREATE | OF OUR PEOPLE THE PLANET OUR COMMUNITIES PRODUCTS WITH CARE tapestry a
Slide 42: Power of Our People
Power of Our People 2025 Goals Build diversity in Tapestry and brand leadership teams in North America by increasing the number of racial & ethnic minority leaders to better reflect the company's general corporate population. Reduce differences in our Employee Inclusion Index scores based on gender
Slide 43: Sustain the Planet
Sustain the Planet 2025 & Beyond Goals Reduce absolute Scope 1 and 2 greenhouse gas (GHG) emissions 64%, Scope 3 emissions 42%, and Scope 3 FLAG emissions 30% by 2030 from a 2021 baseline. Reach net-zero GHG emissions across the value chain by 2050. Procure 100% renewable energy in Tapestry-operated
Slide 44: Uplift Our Communities
Uplift Our Communities 2025 & Beyond Goals 500,000 volunteer service hours completed by our employees around the world by 2030. $75 million in financial and product donations to nonprofit organizations globally by 2025. 100,000 people working in the factories crafting our products will have access t
Slide 45: Create Products with Care
Create Products with Care 2025 & Beyond Goals 95% traceability and mapping of our raw materials by 2025. 90% of leather used in our products comes from Silver- and Gold-rated LWG tanneries by 2025. 95% of polyamide (nylon) will be from pre- or post-consumer recycled sources by 2025. 90% of cotton wi
Slide 46: Appendix
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Slide 47: Non-GAAP and constant currency measures
Management utilizes non-GAAP and constant currency measures to conduct and evaluate its business during its regular review of operating results for the periods affected and to make decisions about Company resources and performance. The Company believes presenting these non-GAAP measures, which exclu
Slide 48: Consolidated Segment Data and GAAP to Non-GAAP Reconciliation (Quarter)
Consolidated Segment Data and GAAP to Non-GAAP Reconciliation For the quarter ended June 29, 2024. in millions, except per share data; unaudited GAAP BASIS (AS REPORTE! ACQUISITION COSTS NON-GAAP BASIS (EXCLUDING ITEMS) Coach $969.0 $ $969.0 Kate Spade 194.3 - 1943 Stuart Weitzman 219 - 279 Gross pr
Slide 49: Consolidated Segment Data and GAAP to Non-GAAP Reconciliation (Year)
Consolidated Segment Data and GAAP to Non-GAAP Reconciliation For the year ended June 29, 2024. in millions, except per share data; unaudited GAAP BASIS (AS REPORTEI ACQUISITION COSTS NON-GAAP BASIS (EXCLUDING ITEMS) Coach $3,875.4 $ $3,875.4 Kate Spade 871.2 - 871.2 Stuart Weitzman 142.9 - 142.9 Gr
Slide 50: Consolidated Segment Data
Consolidated Segment Data For the quarter ended July 1, 2023. For the year ended July 1, 2023. in millions, except per share data; unaudited GAAP BASIS (AS REPORTED) GAAP BASIS (AS REPORTED) Coach $936.4 $3,647.1 Kate Spade 199.1 900.1 Stuart Weitzman 37.2 167.7 Gross profit 1,172.7 4169 Coach 541.1
Slide 51: Tapestry
tapestry COACH | kate spade | STUART WEITZMAN NEW YORK © 2024 Tapestry, Inc