Slide 1: 2Q 2021 Earnings Conference Call
arter ings z: "Sw le eo) una (7) CALERES KB*
Slide 2: Under the Private Securities Litigation Reform Act of 1995
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 that could cause actu
Slide 3: We are Caleres
We are Caleres Strong business model with a unique set of advantages: * Powerful portfolio of diverse lifestyle brands - rooted in casual, athletic and sport-inspired styles + Acomprehensive set of distribution channels with a large and growing percentage being direct-to-consumer * Arobust understan
Slide 4: Second quarter 2021 highlights
$675.5 ~58% +705 MILLION growth in owned basis point improvement in in total revenue ecommerce sales vs. consolidated gross margins vs. 2Q19 2Q19 ~$65 $100 $1.19 MILLION MILLION adjusted earnings per share – in cash generated from of additional revolver highest adjusted earnings per share operating
Slide 5: DTC sales
% % 0% 0% *DTC sales included: Brick-and-mortar retail and owned websites 5
Slide 6: Famous Footwear 2Q21
Famous Footwear 2Q21 Record second quarter net sales of $453.6 million * Representing an 8 percent improvement over 2Qig * Including a~52 percent increase in ecommerce compared to 2Q19 Record gross margin of 50.1 percent * 671 basis points higher than 2Qug Record quarterly operating earnings of $85.
Slide 7: Brand Portfolio 2Q21
Brand Portfolio 2Q21 Sales of $239.0 million, which reflects ongoing disruptions in the supply chain causing a shift of firm sales orders from 2Qa1 to 3Qa21 Gross margin of 39.7 percent, representing a 498-basis point improvement over 2Q19 Generated $16.6 million in operating earnings - 306 basis po
Slide 8: Caleres Debt Profile
Caleres Debt Profile in millions of dollars, $700 Credit Facility Borrowings During 2Qa1, CAL paid down an additional $100 million in - debt bringing total debt reduction since early 2020 to $340 Senior notes ae $600 | million $500 ' Targeting further reduction in debt during 2021- driving $400 : to
Slide 9: Third Quarter and Full Year 2021 Outlook
Third Quarter and Full Year 2021 Outlook 3Q21 expectations: + Adjusted earnings per share of between $1.10 and $1.25 FY21 expectations * Adjusted earnings per share of between $3.25 and $3.50 Back half 2021 assumptions: * Famous Footwear sales expected to be at or slightly above 2019 sales levels *
Slide 10: 2Q'21 financial summary
US$M except per Chg vs. Chg vs. share 2Q’21 2Q’20 2Q’19 ‘20 ‘19 Gross profit $322.3 $182.6 $305.9 76.5% 5.3% Margin 47.7% 36.4% 40.7% 1,129 bps 705 bps SG&A $259.5 $201.3 $267.5 28.9% (3.0%) Percent of sales 38.4% 40.1% 35.6% (174 bps) 286 bps Op earnings $62.8 ($24.1) $37.8 N/A 66.1% Margin 9.3% (4
Slide 11: arter
arter ings z: "Sw le eo) una (7) CALERES KB*
Slide 12: Strategic Priorities - 2021
Strategic Priorities - 2021 Leverage Investments and Insights Strengthen the Power and Broaden the Reach of Brands and Products Accelerate Digital Commerce Growth with Stronger Consumer Connections Leverage Capabilities and Operations Elevate Talent and Culture Consumer and Insights at our Center Fe