Slide 1: Fourth Quarter Earnings
CALERES *5* Fourth Quarter Earnings March15, 2022
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 Customer Focused
We Are Customer Focused We Put the Consumer at the Center of Everything We Do 8) Bi We are CALERES x5 x We Are We Are We Are Diversified & Relevant Footwear Experts Fulfillment Leaders We Have a Portfolio of We Have Unmatched We Deliver Footwear Footwear Brands that are Commitment to Continued Any W
Slide 4: Caleres in brief - fiscal year
Caleres in brief - fiscal year Revenue Gross Margin Rate Adjusted Earnings Total Debt Level in billions of dollars in millions of dollars % of net sales $292 per share $2.78 $242 2019 2020 2021 ‘an $449 $290 44% $4.29 a% 37% $2.10 2019 2020 2021 2019 2020 2021 2019 2020 2021 -$1.40 Revenue from exit
Slide 5: Fourth Quarter 2021 Accomplishments
Fourth Quarter 2021 Accomplishments ) Bd $679.3 million in total revenue wa p. ~$33.9 million innetearnings . ee ay er $0.91 74% | 3.5% Adjusted earning per share- total direct-to-consumer A. P arecord for the fourth quarter / business decline in total inventory 4 levels from 4Q19 with an ~134% perc
Slide 6: Famous Footwear
Famous Footwear Fourth Quarter 2021 Record quarterly net sales of $401.9 million, representing a~g percent improvement over 4Qu9 Fourth quarter record gross margin of 48.9 percent, 641 basis points higher than 4Qug Record quarterly operating earnings of $55.7 million, representing a $48.8 million in
Slide 7: Brand Portfolio
Fourth Quarter 2021 Ongoing improvement in the segment with net sales up 24.4 percent vs. 4Q20 and down ~8 percent vs. 4Q19, excluding exited brands Operating earnings of $10.8 million Key leadership brands- Sam Edelman, Allen Edmonds, Vionic and Blowfish surpassed 4Qug earnings Operated during the
Slide 8: 2022 Outlook
INTHE HAND OF POET AKEEM DUNKIN. Park Avonus in Walnut tein osher. 2022 Outlook FY21 expectations * Consolidated sales, flat-to-up three percent vs. fiscal 2021 * Earnings per share of between $3.75 and $4.00 Quarterly considerations * We expect a change as it relates to the quarterly distribution o
Slide 9: Caleres has significantly reduced and strategically repositioned its debt profile
Caleres has significantly reduced and strategically repositioned its debt profile Caleres Debt Profile in millions of dollars * Called all senior notes -— effectively extinguishing its long-term debt * Renegotiated more advantageous terms on its 5. || || credit facility 2019 2020 2021 * These action
Slide 10: Caleres carefully and constantly evaluates the most value-enhancing avenue for its free cash flow
Caleres carefully and constantly evaluates the most value-enhancing avenue for its free cash flow Caleres Shareholder Return History . . . . in millions of dollars CAL is committed to a flexible approach to capital allocation including: $60 $56 1. Returning cash to shareholders O45 2. Investing in o
Slide 11: Appendix
CALERES x5 Appendix March 15, 2022 Park Avenue Oxford Park Avenue Sneaker Park Avenue Lug-Sole
Slide 12: Why Invest Now?
Why Invest Now? We have clearly defined capital allocation strategy built around returning a significant percentage of free cash flow to shareholders We believe that the Brand Portfolio is well-positioned to exceed our pre-pandemic earnings levels in 2022 We are targeting another strong earnings yea
Slide 13: Caleres Value Proposition
Caleres Value Proposition We leverage our powerful portfolio of trusted brands to generate strong and durable margins — enterprise-wide We operate a large and successful direct-to-consumer business, anchored by Famous Footwear We generate significant amounts of free cash flow throughout the market c
Slide 14: The Brand Portfolio is poised for a strong earnings performance in 2022
The Brand Portfolio is poised for a strong earnings performance in 2022 “average of Brand Portfolio earnings for 2016-2019 The Brand Portfolio is well positioned to exceed pre- pandemic earnings levels in 2022 Ongoing strong performances from Sam Edelman, Vionic and Blowfish and improving performanc
Slide 15: Famous Footwear 2022 Priorities
We are targeting another strong earnings year for Famous Footwear Famous Footwear 2022 Priorities Distort big brands Maintain inventory Continue full-price Continued growth of Elevate consumer and explore new and turn levels above selling FamousFootwear.com experience with new emerging brands histor
Slide 16: Over the long-term responsible companies are the most profitable companies
Over the long-term responsible companies are the most profitable companies Across our portfolio of brands, we feel passionately that how we do business is as important as how much business we do Published our inaugural environmental, social and governmental (ESG) report in April 2021 This first ESG