Wolverine World Wide, Inc. · NYSE:WWW
Wolverine World Wide — 2024 ICR Conference
19 slides from Wolverine World Wide's conference presentation, Jan 8, 2024
Slide 1: Wolverine Worldwide 2024 ICR Conference
Wolverine Worldwide 2024 ICR Conference | 08 January 2024
Slide 2: Forward-Looking Statements
Forward-Looking Statements + 2024 ICR Conference | 01.08.24 2 This presentation contains forward-looking statements, including statements regarding: anticipated benefits of the Company’s global platform and strategic transformation, including profitable growth, investments in brand-building capabili
Slide 3: Chris Hufnagel, President & CEO
Chris Hufnagel // President & CEO
Slide 4: Vision
Vision
Slide 5: Consumer-Obsessed, Global Brand Builders
Consumer-Obsessed, Global Brand Builders + 2024 ICR Conference | 01.08.24 5
Slide 6: Power of Our Portfolio: Authentic & Innovative Brands
Power of Our Portfolio: Authentic & Innovative Brands + 2024 ICR Conference | 01.08.24 Additional Brands: 1. US category share data for YTD November 2023 #1 in hiking footwear1 Global outdoor performance and lifestyle brand Est. 1983 Top 10 in running footwear1 Category-leading product innovation Es
Slide 7: Merrell: Global Outdoor Performance and Lifestyle Brand
Hike Moab Speed 2 – Fast and light hike – ISPO Award winner – Five collaborations planned for 2024 Merrell + 2024 ICR Conference | 01.08.24 #1 in hiking footwear1 Global outdoor performance and lifestyle brand 7 Trail Agility Peak 5 – Elite max cushioning – ISPO Award winner Lifestyle Wrapt – Barefo
Slide 8: Saucony: Category-Leading Product Innovation
Saucony + 2024 ICR Conference | 01.08.24 8 Top 10 in running footwear1 Category-leading product innovation Run (& Lifestyle) Hurricane 24 – Advanced max cushioning – PWRRUN foam Elite Run Endorphin Pro 4 – Flagship super shoe – Carbon fiber plate – PWRRUN PB foam and advanced energy return Fashion L
Slide 9: Sweaty Betty: Premium Women's Activewear
Sweaty Betty + 2024 ICR Conference | 01.08.24 9 Premium women’s activewear Purpose-led, DTC-driven brand Leggings Power Pro – Iconic leggings with innovative design and luxe materials Bras Power Icon – Elevated styling and personalized support for all body types Outerwear Nimbus Parka – Waterproof p
Slide 10: Global Platform Enabling Consumer Focus
Global Platform Enabling Consumer Focus + 2024 ICR Conference | 01.08.24 International The Collective Licensing Global Supply Chain EMEA APAC LTAM Apparel Accessories Other Insights & Innovation In-house Studio Creative & PR Sourcing Distribution Integrated Planning In-market knowledge & partnership
Slide 11: Strategic Transformation Unleashing Profitable Growth
Strategic Transformation Unleashing Profitable Growth + 2024 ICR Conference | 01.08.24 // Stabilization // Transformation // Inflection to Growth Focus the business Pay down debt Reduce inventory Redesign the organization Expand profitability Strengthen capabilities Invest in brand building Awesome
Slide 12: Redesigning the Organization, Investing in Brand Building
Transformation + 2024 ICR Conference | 01.08.24 12 // Redesigning the Organization // Investing in Brand Building Establishing a cost structure that enables improved profitability and enhanced capabilities aimed at building brands Example of Capability Building: The Collective This new cost structur
Slide 13: Mike Stornant, EVP & CFO
Mike Stornant // EVP & CFO
Slide 14: Preliminary 2023 Results
Preliminary 2023 Results + 2024 ICR Conference | 01.08.24 14 The Company expects the following preliminary and unaudited financial results for its ongoing business¹ as of December 30, 2023: 4Q23 FY23 GAAP Revenue $527 million $2.24 billion Revenue¹ $521 million Guidance²: $515 million to $525 millio
Slide 15: Stabilization & Transformation Initiatives
Stabilization & Transformation Initiatives + 2024 ICR Conference | 01.08.24 Focus the Business Pay Down Debt Reduce Inventory Expand Profitability $250 million in proceeds generated since the start of 2023 from the following transactions: — Keds brand — Hush Puppies IP in Greater China — Leathers bu
Slide 16: Thank you
thank you. investor.relations@wwwinc.com
Slide 17: Non-GAAP Reconciliations
Non-GAAP Reconciliations
Slide 18: Non-GAAP Reconciliations
Non-GAAP Reconciliations + 2024 ICR Conference | 01.08.24 18 GAAP Basis Divestiture (1) As Adjusted Revenue - Fiscal 2023 Q4 $ 527 $ 6 $ 521 Revenue - Fiscal 2023 $ 2,243 $ 43 $ 2,200 1. 2023 adjustments reflect the Wolverine Leathers and the Keds business results included in the consolidated conden
Slide 19: Wolverine Worldwide 2024 ICR Conference
Wolverine Worldwide 2024 ICR Conference | 08 January 2024