Slide 1: Fourth Quarter 2020 Earnings
CALERES *B* Fourth Quarter 2020 Carnings a as ae 3.16.2021
Slide 2: Safe harbor statement
Safe harbor statement 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
Slide 3: Strong business model with a unique set of advantages
Strong business model with a unique set of advantages: Powerful portfolio of diverse lifestyle brands — rooted in casual, athletic and sportinspired styles Acomprehensive set of distribution channels with a large and growing percentage being direct-to-consumer A robust understanding of the consumer,
Slide 4: 2020 key results: revenue, ecommerce, cash and debt reduction
$2.1 +40% ~$126 billion growth in direct million in total revenue ecommerce sales in cash generated from operating activities ~$190 ~21% ~$34 million million decline in returned to shareholders via of debt reduction since end of inventory dividends and share repurchases 1Q20 4 4
Slide 5: DTC sales
% % 0% 0% *DTC sales included: Brick-and-mortar retail and owned websites 5
Slide 6: Fourth quarter net sales and operating earnings
Net sales of $346.7 million, down 6 percent versus 4Q19 — Comparable store sales were down 1.8% — Ecommerce sales up 50% year- over-year — Ecommerce penetration rising to nearly 22% Strong operating earnings of $14.8 million, representing an approximately 43 percent increase over last year on an adj
Slide 7: Brand Portfolio
Sales of $234 million, down ~32 percent year-over-year Recorded positive adjusted operating earnings of $1.2 million Improvements in wellness, comfort and sport brands offset by significant declines in Allen Edmonds and Naturalizer brands Ecommerce penetration increased to 40% of sales Inventory lev
Slide 8: FCF Yield versus peers
FCF Yield is on a trailing 12 month basis and peer average includes: CROX, DBI, DECK,FL,GCO,NKE,SCVL,SHOO, SKX and WWW $250
Slide 9: SG&A Expense
SG&A Expense in millions of $ ~$175, million reduction 2019 2020 During 2020, Caleres took a number of proactive measures to shore up its financial position and protect its business through the economic shutdown In the short term, the company limited its cash outflows by working with partners to red
Slide 10: Brand Portfolio
Brand Portfolio – 2Q’20 – – – – – –
Slide 11: Other financial metrics
Other financial metrics US$M except per share 4Q’20 4Q’19 YOY Chg FY’20 Gross profit $227.9 $280.4 (18.7%) $824.4 Margin 39.9% 40.1% (20 bps) 38.9% SG&A $226.1 $260.8 (13.3%) $889.5 Percent of sales 39.6% 37.3% 228 bps 42.0% Op earnings ($55.4) $5.7 (1,076.9%) ($485.7) Margin (9.7%) 0.8% (1,051 bps)
Slide 12: Fourth Quarter 2020 Earnings
CALERES *B* Fourth Quarter 2020 Carnings a as ae 3.16.2021
Slide 13: Fourth Quarter 2020
Fourth Quarter 2020 Pretax Net EPS Earnings Earnings/(loss) Adjusted Results $1,271 $0.03 Charges and Other Items COVID-19 related impairments and other expenses (15,245) (37,486) (1.03) Intangible asset impairment charges (23,805) (17,854) (0.49) Brand Portfolio- business exits (14,774) (13,680) (0
Slide 14: Fiscal Year 2020
Fiscal Year 2020 Pretax Net EPS Earnings Earnings/(loss) Adjusted Results ($52,029) ($1.40) Charges and Other Items Goodwill and intangible asset impairment charges (286,524)) (236,360)) (6.35) COVID-19 related impairments and other expenses (114,285)) (115,533) (3.10) Fair value adjustment to Blowf